EPSAD
The computed 12-month bankruptcy probability of EPSAD is 0.2% (very low). The 2024 annual accounts show equity of €129k and a net result of €-23k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 54% of 4916 sector peers (fiscal year 2024). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €129k |
| Net result | €-23k |
| Better than sector | 54% |
| Active | 32 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 21.1% | 16.7% | |
| Net result | €-23k | €2k | |
| Equity | €129k | €27k | |
| Gross operating margin | €21k | €27k | |
| Total assets | €611k | €302k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €14k |
| Net profit | €-23k |
| Cash flow | €4k |
| Staff costs | - |
| Income taxes | €140 |
| Dividends | - |
| Total assets | €611k |
| Equity | €129k |
| Debt | €481k |
| of which ≤ 1y | €122k |
| of which > 1y | €359k |
| Working capital | €-94k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.23 |
| Quick ratio | 0.23 |
| Working capital ratio | -15.4% |
| Solvency | 21.1% |
| Debt / equity | 3.73 |
| Long-term debt ratio | 2.78 |
| Interest coverage | 1.47 |
| Gross margin | - |
| Net margin | - |
| ROA | -3.8% |
| ROE | -17.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €611k |
| Fixed assets | 21/28 | €582k |
| Tangible fixed assets | 22/27 | €582k |
| Financial fixed assets | 28 | €50 |
| Current assets | 29/58 | €28k |
| Amounts receivable within one year | 40/41 | €28k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €611k |
| Equity | 10/15 | €129k |
| Contributions / capital | 10/11 | €455k |
| Reserves | 13 | €116k |
| Accumulated profits (losses) | 14 | €-441k |
| Amounts payable | 17/49 | €481k |
| Amounts payable after one year | 17 | €359k |
| Amounts payable within one year | 42/48 | €122k |
| Trade debts payable within one year | 44 | €46k |
| Income statement | ||
| Gross operating margin | 9900 | €21k |
| Operating result | 9901 | €-13k |
| Financial charges | 65 | €10k |
| Result before taxes | 9903 | €-23k |
| Income taxes | 67/77 | €140 |
| Net result for the period | 9904 | €-23k |
| Result to be appropriated | 9905 | €-23k |
Historic, not recently confirmed (3)
-
Not recently confirmedlast confirmed in an act from 2020
3 events
- 02-05-2019 Mandate renewed· Director
- 02-05-2019 Mandate renewed· Managing director
- 15-04-2013 Mandate renewed· Managing director
-
Not recently confirmedlast confirmed in an act from 2020
2 events
- 02-05-2019 Mandate renewed· Director
- 15-04-2013 Mandate renewed· Director
-
Not recently confirmedlast confirmed in an act from 2020
2 events
- 02-05-2019 Mandate renewed· Director
- 15-04-2013 Mandate renewed· Director
| NACE primary | Real estate activities(68310) |
| Legal form | Public limited company(014) |
| Incorporation | 29-06-1994 |
| Status | Active |
| Postal code | 1420 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0045/00L002 | Brussels | 380 m² | 1 · 96 m² | 12.0 m · 3 fl. |
| 25014N0222/00_000 | Wallonia | 360 m² | 1 · 68 m² | 10.6 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
06-11-2025 Registered office moved from Ixelles to Braine L'Alleud
- Chaussée d'Ixelles 189, 1050 Ixelles → Chaussée d'Alsemberg 370, 1420 Braine L'Alleud
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Braine L\u0027Alleud",
"region": null,
"street": "Chauss\u00E9e d\u0027Alsemberg",
"country": "BE",
"postcode": "1420",
"box_number": null,
"street_number": "370"
},
"old_address": {
"city": "Ixelles",
"region": null,
"street": "Chauss\u00E9e d\u0027Ixelles",
"country": "BE",
"postcode": "1050",
"box_number": null,
"street_number": "189"
},
"effective_date": "2025-11-01",
"evidence_quote": "le si\u00E8ge social de la sa epsad sera tranf\u00E9r\u00E9 de chauss\u00E9e d\u0027ixelles 189 1050 ixelles pour s\u0027etablir \u00E0 la chauss\u00E9e d\u0027alsemberg 370 1420 Braine L\u0027Alleud avec effet au 1er novembre 2025"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0453.054.336",
"name_full": "EPSAD",
"legal_form": "SA"
}
}11-07-2024 Registered office moved from Berchem-Sainte-agathe to Ixelles
- Drève des Maricolles 107, 1082 Berchem-Sainte-agathe → Chaussée d'Ixelles 189, 1050 Ixelles
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Ixelles",
"region": "Brussels",
"street": "Chauss\u00E9e d\u0027Ixelles",
"country": "BE",
"postcode": "1050",
"box_number": null,
"street_number": "189"
},
"old_address": {
"city": "Berchem-Sainte-agathe",
"region": "Brussels",
"street": "Dr\u00E8ve des Maricolles",
"country": "BE",
"postcode": "1082",
"box_number": null,
"street_number": "107"
},
"effective_date": "2024-05-21",
"evidence_quote": "Transfert du si\u00E8ge social de la soci\u00E9t\u00E9 EPSAD S.A \u00E0 Chauss\u00E9e d\u0027Ixelles 189 \u00E0 1050 Ixelles"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0453.054.336",
"name_full": "EPSAD",
"legal_form": "SA"
}
}12-03-2020 4 reappointed
- Lina Azouz, Bestuurder
- Ady Brauman, Bestuurder
- Emmanuel Brauman, Bestuurder
- Ady Brauman, Gedelegeerd bestuurder
Technical details
{
"events": [
{
"kind": "director_renew",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Lina Azouz",
"address": null,
"birth_date": null
},
"effective_date": "2019-05-02",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire r\u00E9unie ce jour accepte \u00E0 l\u0027unanimit\u00E9 et avec effet r\u00E9troactif au 2 mai 2019, le renouvellement des mandats d\u0027administrateurs de : - Madame Lina Azouz, domicili\u00E9e \u00E0 Dr\u00E8ve des Maricolles 107 \u00E0 1080 Molenbeek-Saint-Jean"
},
{
"kind": "director_renew",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Ady Brauman",
"address": null,
"birth_date": null
},
"effective_date": "2019-05-02",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire r\u00E9unie ce jour accepte \u00E0 l\u0027unanimit\u00E9 et avec effet r\u00E9troactif au 2 mai 2019, le renouvellement des mandats d\u0027administrateurs de : ... - Monsieur Ady Brauman domicili\u00E9 Grand Route 22 \u00E0 1620 Drogenbos"
},
{
"kind": "director_renew",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Emmanuel Brauman",
"address": null,
"birth_date": null
},
"effective_date": "2019-05-02",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire r\u00E9unie ce jour accepte \u00E0 l\u0027unanimit\u00E9 et avec effet r\u00E9troactif au 2 mai 2019, le renouvellement des mandats d\u0027administrateurs de : ... - Monsieur Emmanuel Brauman, domicili\u00E9 Dr\u00E8ve des Maricolles 107 \u00E0 1080 Molenbeek-Saint-Jean"
},
{
"kind": "director_renew",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Ady Brauman",
"address": null,
"birth_date": null
},
"effective_date": "2019-05-02",
"evidence_quote": "L\u0027assembl\u00E9e d\u00E9cide \u00E9galement avec effet r\u00E9troactif au 2 mai 2019, le renouvellement du mandat d\u0027administrateur d\u00E9l\u00E9gu\u00E9 de Monsieur Ady Brauman."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0453.054.336",
"name_full": "EPSAD",
"legal_form": "SA"
}
}13-03-2018 Capital increase of €250,000 to €454,512.16
- €204.512,16 → €454.512,16
Technical details
{
"events": [
{
"kind": "capital_increase",
"amount": 250000.0,
"currency": "EUR",
"after_eur": 454512.16,
"delta_eur": 250000.0,
"before_eur": 204512.16,
"amount_type": "kapitaal_effectief",
"effective_date": "2017-07-12",
"evidence_quote": "L\u0027assembl\u00E9e d\u00E9cide d\u0027augmenter le capital, \u00E0 concurrence de deux cent cinquante mille euros (250.000,00 EUR), pour le porter de deux cent quatre mille cinq cent douze virgule seize euros (204.512,16 EUR) \u00E0 quatre cent cinquante-quatre mille cing cent douze virgule seize euros (454.512,16 EUR)",
"contribution_type": "in_kind"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0453.054.336",
"name_full": "EPSAD",
"legal_form": "SA"
}
}06-05-2013 3 reappointed
- Lina Azouz, Bestuurder
- Ady Brauman, Gedelegeerd bestuurder
- Emmanuel Brauman, Bestuurder
Technical details
{
"events": [
{
"kind": "director_renew",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Lina Azouz",
"address": null,
"birth_date": null
},
"effective_date": "2013-04-15",
"evidence_quote": "Il est d\u00E9cid\u00E9 de renouveler les mandats d\u0027administrateur pour une dur\u00E9e de 6 ans de: -Madame Lina Azouz, administrateur"
},
{
"kind": "director_renew",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Ady Brauman",
"address": null,
"birth_date": null
},
"effective_date": "2013-04-15",
"evidence_quote": "Il est d\u00E9cid\u00E9 de renouveler les mandats d\u0027administrateur pour une dur\u00E9e de 6 ans de: -Monsieur Ady Brauman, administrateur d\u00E9l\u00E9gu\u00E9"
},
{
"kind": "director_renew",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Emmanuel Brauman",
"address": null,
"birth_date": null
},
"effective_date": "2013-04-15",
"evidence_quote": "Il est d\u00E9cid\u00E9 de renouveler les mandats d\u0027administrateur pour une dur\u00E9e de 6 ans de: -Monsieur Emmanuel Brauman, administrateur et pr\u00E9sident."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0453.054.336",
"name_full": "EPSAD",
"legal_form": "SA"
}
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | EPSAD |