EPSICOM
ActiveSummary
EPSICOM has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€51,098) and a net result of €3,833. Equity is shrinking by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+93
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.21 in 2024; short-term debt: 362.5% and cash: 6.6% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
-262.5%
Return on assets
19.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 10 filingsDeviation from the deadline
2025
20 d late
2024
27 d late
2023
43 d late
2022
18 d late
2020
41 d late
2019
92 d late
2017
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 47 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 27 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€51,098▲ 7.0%
2024 · -€54,932
Total assets
€19,467▲ 36.8%
2024 · €14,231
Net result
€3,833
2024 · -€2,629
Working capital
-€51,707▼ 2.9%
2024 · -€50,264
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202022202320242025
Operating result-€4,290-€12,421-€2,279-€2,009€4,161
Net result-€4,442below the sector's middle half-€11,767below the sector's middle half-€1,689within the sector's middle half-€2,629below the sector's middle half€3,833within the sector's middle half
Equity-€16,215below the sector's middle half▼ 85.7%-€60,699below the sector's middle half--€52,302below the sector's middle half▲ 13.8%-€54,932below the sector's middle half▼ 5.0%-€51,098below the sector's middle half▲ 7.0%
Total assets€106,722within the sector's middle half▼ 15.3%€12,826below the sector's middle half-€13,611below the sector's middle half▲ 6.1%€14,231below the sector's middle half▲ 4.6%€19,467below the sector's middle half▲ 36.8%
Debt€122,937▼ 8.8%€73,525-€65,913▼ 10.4%€69,163▲ 4.9%€70,565▲ 2.0%
Working capital-€3,695below the sector's middle half-€56,049below the sector's middle half--€48,140below the sector's middle half▲ 14.1%-€50,264below the sector's middle half▼ 4.4%-€51,707below the sector's middle half▼ 2.9%
Solvency-15.2%below the sector's middle half▼ 8.3pp-473.3%below the sector's middle half--384.3%below the sector's middle half▲ 89.0pp-386.0%below the sector's middle half▼ 1.7pp-262.5%below the sector's middle half▲ 123.5pp
Current ratio0.97below the sector's middle half▼ 0.090.18below the sector's middle half-0.20below the sector's middle half▲ 0.030.21below the sector's middle half▲ 0.010.27below the sector's middle half▲ 0.06
Return on assets (ROA)-4.2%below the sector's middle half▼ 24.9pp-91.7%below the sector's middle half-12.4%within the sector's middle half▲ 104.1pp-18.5%below the sector's middle half▼ 30.9pp19.7%above the sector's middle half▲ 38.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4,161 after a loss of €2,009 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,467
Fixed assets
€609 ▼ 23.0%
Current assets
€18,858 ▲ 40.3%
Key figures and ratios
EBITDA
€4,342▲
2024 · -€1,504
Cash flow
€4,015▲
2024 · -€2,125
Debt to equity
-1.38▼
2024 · -1.26
Interest coverage
13.12▲
2024 · -5.99
Debt ≤ 1 year
€70,565▲
2024 · €63,705
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,662 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% | 1.7% |
| 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 75% 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 3,798 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 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €323 | €323 | €420 | €505 | €182 | ▼ 64.0% |
| Other operating charges640/8 | - | €1,123 | €1,133 | €1,307 | €1,169 | ▼ 10.5% |
| Gross operating margin9900 | -€2,618 | -€10,975 | €3,833 | -€198 | €5,511 | ▲ 2,884% |
| Operating profit (loss)9901 | -€4,290 | -€12,421 | €2,279 | -€2,009 | €4,161 | ▲ 307% |
| Financial income75/76B | - | - | €0 | €4 | €4 | ▼ 13.6% |
| Recurring financial income75 | - | - | €0 | €4 | €4 | ▼ 13.6% |
| Financial charges65/66B | - | €207 | €229 | €251 | €331 | ▲ 31.7% |
| Recurring financial charges65 | €152 | €207 | €229 | €251 | €331 | ▲ 31.7% |
| Profit (loss) for the period before taxes9903 | -€4,442 | -€12,628 | €2,051 | -€2,256 | €3,833 | ▲ 270% |
| Income taxes67/77 | - | -€862 | €362 | €373 | - | - |
| Profit (loss) for the period9904 | -€4,442 | -€11,767 | €1,689 | -€2,629 | €3,833 | ▲ 246% |
| Profit (loss) for the period to be appropriated9905 | -€4,442 | -€11,767 | €1,689 | -€2,629 | €3,833 | ▲ 246% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106,722 | €12,826 | €13,611 | €14,231 | €19,467 | ▲ 36.8% |
| Fixed assets21/28 | €1,453 | €807 | €1,295 | €790 | €609 | ▼ 23.0% |
| Tangible fixed assets22/27 | €1,293 | €646 | €1,134 | €630 | €448 | ▼ 28.9% |
| Furniture and vehicles24 | - | - | €811 | €630 | €448 | ▼ 28.9% |
| Other tangible fixed assets26 | - | €646 | €323 | - | - | - |
| Financial fixed assets28 | €161 | €161 | €161 | €161 | €161 | = |
| Current assets29/58 | €105,269 | €12,019 | €12,316 | €13,441 | €18,858 | ▲ 40.3% |
| Stocks and contracts in progress3 | €5,850 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €93,325 | €9,663 | €10,513 | €12,071 | €14,211 | ▲ 17.7% |
| Trade receivables40 | - | €6,066 | €9,231 | €11,212 | €13,738 | ▲ 22.5% |
| Other amounts receivable41 | - | €3,596 | €1,283 | €859 | €473 | ▼ 45.0% |
| Cash at bank and in hand54/58 | €3,880 | €1,268 | €1,125 | €1,057 | €1,281 | ▲ 21.2% |
| Deferred charges and accrued income490/1 | - | €1,088 | €677 | €313 | €3,366 | ▲ 975% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106,722 | €12,826 | €13,611 | €14,231 | €19,467 | ▲ 36.8% |
| Equity10/15 | -€16,215 | -€60,699 | -€52,302 | -€54,932 | -€51,098 | ▲ 7.0% |
| Contributions10/11 | - | €16,163 | €16,163 | €16,163 | €16,163 | = |
| Reserves13 | €5,213 | €5,213 | €5,213 | €5,213 | €5,213 | = |
| Non-distributable reserves130/1 | - | €228 | €228 | €228 | €228 | = |
| Reserves not available under the articles1311 | - | €228 | €228 | €228 | €228 | = |
| Tax-exempt reserves132 | - | €4,985 | €4,985 | €4,985 | €4,985 | = |
| Profit (loss) carried forward14 | -€37,591 | -€82,075 | -€73,678 | -€76,307 | -€72,474 | ▲ 5.0% |
| Amounts payable17/49 | €122,937 | €73,525 | €65,913 | €69,163 | €70,565 | ▲ 2.0% |
| Amounts payable after more than one year17 | €13,973 | €5,457 | €5,457 | €5,457 | - | - |
| Financial debts170/4 | - | €5,457 | €5,457 | €5,457 | - | - |
| Amounts payable within one year42/48 | €108,964 | €68,068 | €60,455 | €63,705 | €70,565 | ▲ 10.8% |
| Current portion of amounts payable after more than one year42 | - | €1,250 | €1,125 | €1,125 | €1,125 | = |
| Trade debts44 | €44,849 | €21,917 | €22,574 | €22,960 | €21,828 | ▼ 4.9% |
| Suppliers440/4 | - | €21,917 | €22,574 | €22,960 | €21,828 | ▼ 4.9% |
| Taxes, remuneration and social security45 | - | €161 | - | - | - | - |
| Taxes450/3 | - | €161 | - | - | - | - |
| Other amounts payable47/48 | - | €44,740 | €36,756 | €39,620 | €47,612 | ▲ 20.2% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,442 | -€11,767 | €1,689 | -€2,629 | €3,833 | ▲ 246% |
| + Depreciation and write-downs630 | €323 | €323 | €420 | €505 | €182 | ▼ 64.0% |
| Operating cash flow (approximation) | -€4,118 | -€11,444 | €2,109 | -€2,125 | €4,015 | ▲ 289% |
| Investment in fixed assets (approximation) | - | - | -€908 | €0 | €0 | - |
| Change in cash | - | - | -€143 | -€68 | €224 | ▲ 428% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Back to profitnet €3,833
Net result €3,833 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
31-12
Financial
Back to profitnet €1,689
Net result €1,689 after 2 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Weakest financial yearnet -€11,767
Net result drops to -€11,767, the lowest in the series; recovery starts the following year.
2021
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 41 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 90 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2015
30-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Rixensart · 1 establishment unit since 1991
Ground area
1,885 m²
Building footprint
106 m²
Volume, LiDAR
597 m³
Parcel 25091C0246/00A000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Augette 78, 1330 Rixensart
since 19912.051.378.467
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091C0246/00A000 | Wallonia | 1,885 m² | 1 · 106 m² | 7.9 m · 2 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded20-01-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442382158
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.