EPIC
ActiveSummary
EPIC has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,711) and a net result of -€22,401. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-78
Solvency20▼-43
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 1.03 in 2024; short-term debt: 105.5% and cash: 2.8% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-5.5%
Return on assets
-71.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€1,711
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
30 d early
2022
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€1,711
2024 · €20,690
Total assets
€31,298▼ 42.5%
2024 · €54,408
Net result
-€22,401
2024 · €3,824
Working capital
-€20,223
2024 · €1,167
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€4,799-€16,280▲ 239%€8,285▼ 49.1%-€21,945
Net result€3,292-€11,906▲ 262%€3,824▼ 67.9%-€22,401
Equity€5,792-€17,698▲ 206%€20,690▲ 16.9%-€1,711
Total assets€36,597-€42,711▲ 16.7%€54,408▲ 27.4%€31,298▼ 42.5%
Debt€30,804-€25,012▼ 18.8%€33,718▲ 34.8%€33,009▼ 2.1%
Working capital€2,733-€12,120▲ 343%€1,167▼ 90.4%-€20,223
Staff (FTE)11=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21,945 after €8,285 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31,298
Fixed assets
€18,512 ▼ 5.2%
Current assets
€12,787 ▼ 63.3%
Key figures and ratios
EBITDA
-€17,210▼
2024 · €10,781
Cash flow
-€17,666▼
2024 · €6,320
Solvency
-5.5%▼
2024 · 38.0%
Current ratio
0.39▼
2024 · 1.03
Debt to equity
-19.29▼
2024 · 1.63
ROA
-71.6%▼
2024 · 7.0%
Interest coverage
-37.72▼
2024 · 197.92
Debt ≤ 1 year
€33,009▼
2024 · €33,718
Income taxes
€0▼
2024 · €4,406
Staff costs
€20,467▲
2024 · €10,733
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,663 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.2%
went bankrupt
5.4%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,663 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €10,733 | €20,467 | ▲ 90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €156 | €1,374 | €2,496 | €4,735 | ▲ 89.7% |
| Other operating charges640/8 | €334 | €197 | €124 | €313 | ▲ 153% |
| Gross operating margin9900 | €5,289 | €17,851 | €21,637 | €3,570 | ▼ 83.5% |
| Operating profit (loss)9901 | €4,799 | €16,280 | €8,285 | -€21,945 | ▼ 365% |
| Financial income75/76B | €0 | €0 | - | - | - |
| Recurring financial income75 | €0 | €0 | - | - | - |
| Financial charges65/66B | €30 | €69 | €54 | €456 | ▲ 738% |
| Recurring financial charges65 | €30 | €69 | €54 | €456 | ▲ 738% |
| Profit (loss) for the period before taxes9903 | €4,769 | €16,211 | €8,231 | -€22,401 | ▼ 372% |
| Income taxes67/77 | €1,476 | €4,305 | €4,406 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €3,292 | €11,906 | €3,824 | -€22,401 | ▼ 686% |
| Profit (loss) for the period to be appropriated9905 | €3,292 | €11,906 | €3,824 | -€22,401 | ▼ 686% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €36,597 | €42,711 | €54,408 | €31,298 | ▼ 42.5% |
| Fixed assets21/28 | €3,060 | €5,579 | €19,523 | €18,512 | ▼ 5.2% |
| Tangible fixed assets22/27 | €3,060 | €5,579 | €19,523 | €18,512 | ▼ 5.2% |
| Furniture and vehicles24 | €3,060 | €5,579 | €7,086 | €3,970 | ▼ 44.0% |
| Other tangible fixed assets26 | - | - | €12,437 | €14,542 | ▲ 16.9% |
| Current assets29/58 | €33,537 | €37,132 | €34,885 | €12,787 | ▼ 63.3% |
| Amounts receivable within one year40/41 | €11,209 | €13,508 | €18,249 | €10,914 | ▼ 40.2% |
| Trade receivables40 | €11,209 | €13,508 | €18,249 | €7,914 | ▼ 56.6% |
| Other amounts receivable41 | - | - | - | €3,000 | - |
| Cash at bank and in hand54/58 | €22,196 | €23,539 | €11,234 | €892 | ▼ 92.1% |
| Deferred charges and accrued income490/1 | €133 | €85 | €5,402 | €980 | ▼ 81.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €36,597 | €42,711 | €54,408 | €31,298 | ▼ 42.5% |
| Equity10/15 | €5,792 | €17,698 | €20,690 | -€1,711 | ▼ 108% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €3,292 | €15,198 | €18,190 | -€4,211 | ▼ 123% |
| Amounts payable17/49 | €30,804 | €25,012 | €33,718 | €33,009 | ▼ 2.1% |
| Amounts payable within one year42/48 | €30,804 | €25,012 | €33,718 | €33,009 | ▼ 2.1% |
| Trade debts44 | €2,389 | €2,169 | €4,580 | €9,278 | ▲ 103% |
| Suppliers440/4 | €2,389 | €2,169 | €4,580 | €9,278 | ▲ 103% |
| Taxes, remuneration and social security45 | €21,469 | €18,196 | €24,727 | €9,051 | ▼ 63.4% |
| Taxes450/3 | €12,528 | €18,196 | €23,622 | €5,179 | ▼ 78.1% |
| Remuneration and social security454/9 | €8,940 | - | €1,105 | €3,872 | ▲ 250% |
| Other amounts payable47/48 | €6,947 | €4,648 | €4,411 | €14,680 | ▲ 233% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,292 | €11,906 | €3,824 | -€22,401 | ▼ 686% |
| + Depreciation and write-downs630 | €156 | €1,374 | €2,496 | €4,735 | ▲ 89.7% |
| Operating cash flow (approximation) | €3,448 | €13,280 | €6,320 | -€17,666 | ▼ 380% |
| Investment in fixed assets (approximation) | - | -€3,893 | -€16,440 | -€3,724 | ▲ 77.3% |
| Change in cash | - | €1,343 | -€12,305 | -€10,342 | ▲ 16.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet -€22,401
Net result drops to -€22,401, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €11,906 ▲262%
Operating result €16,280, net result €11,906, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2022
Ground area
105 m²
Building footprint
57 m²
Volume, LiDAR
977 m³
Parcel 62803A1056/00W000, Wallonia · tallest building 17.9 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
EPIC
since 20222.333.446.648
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1056/00W000 | Wallonia | 105 m² | 1 · 57 m² | 17.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,530 companies in sector 68322 we hold annual accounts for 741. 421 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0788278022
Registered
22-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.