EQSO
ActiveSummary
EQSO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €873,151 and a net result of €134,092. Equity is growing by ~62.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-15
Solvency33▼-1
Growth66▼-3
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.2 in 2024; short-term debt: 84.9% and cash: 90.6% of total assets), and 92.2% of the assets are financed with debt.
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Signals
Five 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7.8%
Return on assets
1.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
60 d early
2024
43 d early
2023
62 d early
2022
47 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 53 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
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Financials · fiscal year 2025, unclassified schema
In the rankings
#1 company by total assets in Frameries, Administrative and support services sector#2 company by equity in Frameries, Administrative and support services sector
Turnover
€5.1m▼ 0.9%
2024 · €5.2m
EBIT margin
3.1%▼ 4.9pp
2024 · 8.0%
Net result
€134,092▼ 73.5%
2024 · €505,218
Working capital
€1.6m▲ 10.7%
2024 · €1.4m
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
Turnover€4.6m-€5.2m▲ 12.9%€5.2m▼ 1.5%€5.1m▼ 0.9%
Operating result€39,079-€410,278▲ 950%€413,896▲ 0.9%€160,692▼ 61.2%
Net result€1,204-€231,137▲ 19,097%€505,218▲ 119%€134,092▼ 73.5%
EBIT margin0.8%-7.8%▲ 7.0pp8.0%▲ 0.2pp3.1%▼ 4.9pp
Equity€2,704-€233,841▲ 8,548%€739,059▲ 216%€873,151▲ 18.1%
Total assets€8.7m-€9.5m▲ 9.5%€8.6m▼ 9.4%€11.2m▲ 29.8%
Debt€8.7m-€9.3m▲ 6.8%€7.9m▼ 15.1%€10.3m▲ 30.9%
Working capital-€172,002-€1.3m€1.4m▲ 12.1%€1.6m▲ 10.7%
Staff (FTE)39-32.1▼ 17.7%28.9▼ 10.0%30.1▲ 4.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.2m
Fixed assets
€97,935 ▼ 11.6%
Current assets
€11.1m ▲ 30.3%
Equity and liabilities €11.2m
Equity
€873,151 ▲ 18.1%
Debt
€10.3m ▲ 30.9%
Debt's share of the balance-sheet total rises from 91.4% to 92.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€186,604▼
2024 · €462,278
Cash flow
€160,004▼
2024 · €553,600
Current ratio
1.17▼
2024 · 1.20
Debt to equity
11.81▲
2024 · 10.66
ROE
15.4%▼
2024 · 68.4%
ROA
1.2%▼
2024 · 5.9%
Interest coverage
0.70▼
2024 · 1.47
Debt ≤ 1 year
€9.5m▲
2024 · €7.1m
Debt > 1 year
€812,637▲
2024 · €804,898
Income taxes
€68,901▼
2024 · €217,911
Staff costs
€2.7m▲
2024 · €2.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,513 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
1.3%
stopped otherwise
96%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
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 1,513 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 |
|---|---|---|---|---|---|
| Operating income70/76A | €4.8m | €5.5m | €5.4m | €5.3m | ▼ 1.6% |
| Turnover70 | €4.6m | €5.2m | €5.2m | €5.1m | ▼ 0.9% |
| Other operating income74 | €114,539 | €291,006 | €232,696 | €193,359 | ▼ 16.9% |
| Operating charges60/66A | €4.7m | €5.1m | €5.0m | €5.1m | ▲ 3.3% |
| Services and other goods61 | €2.0m | €2.2m | €2.3m | €2.4m | ▲ 7.2% |
| Remuneration, social security and pensions62 | €2.7m | €2.9m | €2.6m | €2.7m | ▲ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,985 | €50,654 | €48,382 | €25,912 | ▼ 46.4% |
| Other operating charges640/8 | €4,441 | €3,980 | €7,531 | €7,687 | ▲ 2.1% |
| Operating profit (loss)9901 | €39,079 | €410,278 | €413,896 | €160,692 | ▼ 61.2% |
| Financial income75/76B | €92,602 | €167,067 | €632,250 | €314,892 | ▼ 50.2% |
| Recurring financial income75 | €92,602 | €167,067 | €632,250 | €314,892 | ▼ 50.2% |
| Income from current assets751 | €92,602 | €165,827 | €632,237 | €314,866 | ▼ 50.2% |
| Other financial income752/9 | - | €1,240 | €13 | €26 | ▲ 100% |
| Financial charges65/66B | €100,663 | €255,103 | €323,017 | €272,591 | ▼ 15.6% |
| Recurring financial charges65 | €100,663 | €255,103 | €323,017 | €272,591 | ▼ 15.6% |
| Debt charges650 | €98,592 | €249,098 | €313,919 | €264,779 | ▼ 15.7% |
| Other financial charges652/9 | €2,071 | €6,005 | €9,098 | €7,812 | ▼ 14.1% |
| Profit (loss) for the period before taxes9903 | €31,018 | €322,242 | €723,129 | €202,993 | ▼ 71.9% |
| Income taxes67/77 | €29,814 | €91,105 | €217,911 | €68,901 | ▼ 68.4% |
| Taxes670/3 | €29,814 | €105,919 | €218,552 | €68,901 | ▼ 68.5% |
| Tax adjustments and reversals of tax provisions77 | - | €14,814 | €641 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €1,204 | €231,137 | €505,218 | €134,092 | ▼ 73.5% |
| Profit (loss) for the period to be appropriated9905 | €1,204 | €231,137 | €505,218 | €134,092 | ▼ 73.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €8.7m | €9.5m | €8.6m | €11.2m | ▲ 29.8% |
| Formation expenses20 | €21 | - | - | - | - |
| Fixed assets21/28 | €174,685 | €161,623 | €110,846 | €97,935 | ▼ 11.6% |
| Intangible fixed assets21 | €67,350 | €37,408 | €7,465 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €92,035 | €108,665 | €87,831 | €81,955 | ▼ 6.7% |
| Plant, machinery and equipment23 | €8,219 | €33,367 | €26,636 | €32,468 | ▲ 21.9% |
| Furniture and vehicles24 | €16,160 | €12,368 | €8,576 | €4,784 | ▼ 44.2% |
| Other tangible fixed assets26 | €67,656 | €60,535 | €52,619 | €44,703 | ▼ 15.0% |
| Assets under construction and advance payments27 | - | €2,395 | - | - | - |
| Financial fixed assets28 | €15,300 | €15,550 | €15,550 | €15,980 | ▲ 2.8% |
| Other financial fixed assets284/8 | €15,300 | €15,550 | €15,550 | €15,980 | ▲ 2.8% |
| Amounts receivable and cash guarantees285/8 | €15,300 | €15,550 | €15,550 | €15,980 | ▲ 2.8% |
| Current assets29/58 | €8.5m | €9.4m | €8.5m | €11.1m | ▲ 30.3% |
| Amounts receivable within one year40/41 | €4.3m | €980,366 | €3.2m | €890,460 | ▼ 72.5% |
| Trade receivables40 | €1,051 | €339,173 | €2,902 | €87,081 | ▲ 2,901% |
| Other amounts receivable41 | €4.3m | €641,193 | €3.2m | €803,379 | ▼ 75.2% |
| Cash at bank and in hand54/58 | €4.1m | €8.3m | €5.2m | €10.1m | ▲ 96.4% |
| Deferred charges and accrued income490/1 | €54,965 | €21,382 | €112,291 | €66,213 | ▼ 41.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €8.7m | €9.5m | €8.6m | €11.2m | ▲ 29.8% |
| Equity10/15 | €2,704 | €233,841 | €739,059 | €873,151 | ▲ 18.1% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €1,204 | €232,341 | €737,559 | €871,651 | ▲ 18.2% |
| Amounts payable17/49 | €8.7m | €9.3m | €7.9m | €10.3m | ▲ 30.9% |
| Amounts payable after more than one year17 | - | €1.2m | €804,898 | €812,637 | ▲ 1.0% |
| Financial debts170/4 | - | €1.2m | €804,898 | €812,637 | ▲ 1.0% |
| Credit institutions173 | - | €1.2m | €804,898 | €812,637 | ▲ 1.0% |
| Amounts payable within one year42/48 | €8.7m | €8.1m | €7.1m | €9.5m | ▲ 34.3% |
| Current portion of amounts payable after more than one year42 | - | €402,449 | €402,449 | €154,788 | ▼ 61.5% |
| Financial debts43 | €1.5m | - | - | €715,622 | - |
| Credit institutions430/8 | €901,377 | - | - | €715,622 | - |
| Other loans439 | €604,238 | - | - | - | - |
| Trade debts44 | €176,636 | €133,765 | €186,943 | €341,045 | ▲ 82.4% |
| Suppliers440/4 | €176,636 | €133,765 | €186,943 | €341,045 | ▲ 82.4% |
| Taxes, remuneration and social security45 | €580,079 | €487,203 | €472,528 | €542,227 | ▲ 14.8% |
| Taxes450/3 | €126,740 | €33,486 | €74,377 | €73,987 | ▼ 0.5% |
| Remuneration and social security454/9 | €453,339 | €453,717 | €398,151 | €468,240 | ▲ 17.6% |
| Other amounts payable47/48 | €6.4m | €7.0m | €6.0m | €7.7m | ▲ 28.8% |
| Accrued charges and deferred income492/3 | - | €370 | €1,515 | €291 | ▼ 80.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,204 | €231,137 | €505,218 | €134,092 | ▼ 73.5% |
| + Depreciation and write-downs630 | €41,985 | €50,654 | €48,382 | €25,912 | ▼ 46.4% |
| Operating cash flow (approximation) | €43,189 | €281,791 | €553,600 | €160,004 | ▼ 71.1% |
| Investment in fixed assets (approximation) | - | -€37,592 | €2,395 | -€13,001 | ▼ 643% |
| Change in cash | - | €4.2m | -€3.2m | €5.0m | ▲ 256% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Highest result since 2022net €505,218 ▲119%
Operating result €413,896, net result €505,218, both a record.
31-12
Financial
Equity above €500,000Eq €739,059 ▲216%
3 profitable years in a row build equity to €739,059.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Equity above €200,000Eq €233,841 ▲8,548%
2 profitable years in a row build equity to €233,841.
22-11
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
24-11
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Frameries · 1 establishment unit since 2022
Ground area
384 m²
Building footprint
472 m²
Volume, LiDAR
2,721 m³
Parcel 53028A0286/00G002, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
EQSO
since 20222.334.252.639
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53028A0286/00G002 | Wallonia | 384 m² | 1 · 472 m² | 9.3 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.
Structure & network
Owners and holdings
1 ownerChain of control
- EDGARD
- EQSO
Highest known parent: EDGARD. The sources do not say who stands above it.
Owners 1
- EDGARDparentSourceaccounts EDGARD 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
55 locations
Recognitions · licences · registrations
Legal Entity Identifier
699400LU9BJ70VDSUY48
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Of 11,219 companies in sector 82100 we hold annual accounts for 3,509. 1,621 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
Founded05-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0779753108
Registered
11-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.