erdeXco
ActiveSummary
erdeXco has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €53,087. Equity is growing by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 8711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▼-17
Solvency53▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 7.1 against 6.91 in 2024; short-term debt: 4.9% and cash: 1.8% of total assets), but 71.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
28.1%
Return on assets
0.7%
Age of the figures
9 mo
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
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
29 d early
2023
63 d early
2022
34 d early
2021
31 d early
2020
3 d early
2019
39 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by total assets in Mortsel, Professional and technical services sector#7 company by equity in Mortsel, Professional and technical services sector
Equity
€2.1m▲ 2.6%
2024 · €2.0m
Total assets
€7.4m▲ 0.2%
2024 · €7.4m
Net result
€53,087▼ 92.8%
2024 · €736,320
Working capital
€2.2m▲ 0.9%
2024 · €2.2m
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
Line20212022202320242025
Operating result€1.4m€968,057▼ 31.2%€406,615▼ 58.0%€360,995▼ 11.2%€168,245▼ 53.4%
Net result€735,164€405,216▼ 44.9%€71,083▼ 82.5%€736,320▲ 936%€53,087▼ 92.8%
Equity€880,750▲ 505%€1.3m▲ 46.0%€1.3m▲ 0.7%€2.0m▲ 56.9%€2.1m▲ 2.6%
Total assets€7.7m▲ 11.1%€8.0m▲ 3.9%€6.4m▼ 20.0%€7.4m▲ 15.4%€7.4m▲ 0.2%
Debt€87,352▲ 5,268%€37,032▼ 57.6%€109,981▲ 197%€387,878▲ 253%€379,577▼ 2.1%
Working capital€760,611▲ 1,018%€1.1m▲ 47.6%€1.5m▲ 32.9%€2.2m▲ 48.5%€2.2m▲ 0.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 53% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.4m
Fixed assets
€4.8m ▲ 0.1%
Current assets
€2.6m ▲ 0.4%
Equity and liabilities €7.4m
Equity
€2.1m ▲ 2.6%
Provisions
€5.0m ▼ 0.5%
Debt
€379,577 ▼ 2.1%
Debt's share of the balance-sheet total falls from 5.2% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€177,346▼
2024 · €368,990
Cash flow
€62,187▼
2024 · €744,315
Current ratio
7.10▲
2024 · 6.91
Debt to equity
0.18▼
2024 · 0.19
ROE
2.5%▼
2024 · 36.2%
ROA
0.7%▼
2024 · 9.9%
Interest coverage
0.56▼
2024 · 1.16
Debt ≤ 1 year
€366,406▼
2024 · €374,813
Income taxes
€19,265▼
2024 · €64,322
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8,802 | €9,392 | ▲ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,995 | €7,995 | €7,995 | €7,995 | €9,101 | ▲ 13.8% |
| Other operating charges640/8 | €1,121 | €1,660 | €1,824 | €1,871 | €1,929 | ▲ 3.1% |
| Non-recurring operating charges66A | €8,182 | €10,458 | - | €7,730 | €8,123 | ▲ 5.1% |
| Gross operating margin9900 | €1.4m | €988,170 | €416,434 | €378,592 | €187,398 | ▼ 50.5% |
| Operating profit (loss)9901 | €1.4m | €968,057 | €406,615 | €360,995 | €168,245 | ▼ 53.4% |
| Financial income75/76B | - | €2,196 | €16,799 | €758,072 | €221,207 | ▼ 70.8% |
| Recurring financial income75 | - | €2,196 | €13,261 | €758,072 | €221,207 | ▼ 70.8% |
| Non-recurring financial income76B | - | - | €3,538 | - | - | - |
| Financial charges65/66B | €433,832 | €429,116 | €317,248 | €318,425 | €317,100 | ▼ 0.4% |
| Recurring financial charges65 | €433,832 | €429,116 | €309,701 | €318,425 | €317,100 | ▼ 0.4% |
| Non-recurring financial charges66B | - | - | €7,547 | - | - | - |
| Profit (loss) for the period before taxes9903 | €973,342 | €541,137 | €106,166 | €800,642 | €72,351 | ▼ 91.0% |
| Income taxes67/77 | €238,179 | €135,921 | €35,083 | €64,322 | €19,265 | ▼ 70.0% |
| Profit (loss) for the period9904 | €735,164 | €405,216 | €71,083 | €736,320 | €53,087 | ▼ 92.8% |
| Profit (loss) for the period to be appropriated9905 | €735,164 | €405,216 | €71,083 | €736,320 | €53,087 | ▼ 92.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.7m | €8.0m | €6.4m | €7.4m | €7.4m | ▲ 0.2% |
| Fixed assets21/28 | €6.9m | €6.9m | €4.8m | €4.8m | €4.8m | ▲ 0.1% |
| Tangible fixed assets22/27 | €69,545 | €61,551 | €53,556 | €45,561 | €52,475 | ▲ 15.2% |
| Furniture and vehicles24 | - | - | - | - | €14,908 | - |
| Other tangible fixed assets26 | €69,545 | €61,551 | €53,556 | €45,561 | €37,566 | ▼ 17.5% |
| Financial fixed assets28 | €6.8m | €6.8m | €4.8m | €4.8m | €4.8m | = |
| Current assets29/58 | €847,963 | €1.2m | €1.6m | €2.6m | €2.6m | ▲ 0.4% |
| Amounts receivable after more than one year29 | - | - | - | €1.8m | €1.8m | = |
| Other amounts receivable291 | - | - | - | €1.8m | €1.8m | = |
| Amounts receivable within one year40/41 | €29,031 | €145,707 | €189,619 | €429,535 | €525,977 | ▲ 22.5% |
| Trade receivables40 | €27,210 | €145,707 | €36,482 | €27,013 | €108,900 | ▲ 303% |
| Other amounts receivable41 | €1,821 | - | €153,138 | €402,521 | €417,077 | ▲ 3.6% |
| Current investments50/53 | €277,878 | €528,546 | €24,770 | - | - | - |
| Cash at bank and in hand54/58 | €540,224 | €484,221 | €1.3m | €338,046 | €131,583 | ▼ 61.1% |
| Deferred charges and accrued income490/1 | €830 | €851 | €29,654 | €21,602 | €143,076 | ▲ 562% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.7m | €8.0m | €6.4m | €7.4m | €7.4m | ▲ 0.2% |
| Equity10/15 | €880,750 | €1.3m | €1.3m | €2.0m | €2.1m | ▲ 2.6% |
| Contributions10/11 | €25,200 | €25,200 | €25,200 | €25,200 | €25,200 | = |
| Reserves13 | €152,422 | €152,422 | €161,514 | €297,834 | €297,834 | = |
| Non-distributable reserves130/1 | €2,520 | €2,520 | - | - | - | - |
| Reserves not available under the articles1311 | €2,520 | €2,520 | - | - | - | - |
| Distributable reserves133 | €149,902 | €149,902 | €161,514 | €297,834 | €297,834 | = |
| Profit (loss) carried forward14 | €703,128 | €1.1m | €1.1m | €1.7m | €1.8m | ▲ 3.1% |
| Provisions and deferred taxes16 | €6.7m | €6.7m | €5.0m | €5.0m | €5.0m | ▼ 0.5% |
| Provisions for liabilities and charges160/5 | €6.7m | €6.7m | €5.0m | €5.0m | €5.0m | ▼ 0.5% |
| Environmental obligations163 | - | €6.7m | - | - | - | - |
| Other liabilities and charges164/5 | €6.7m | - | €5.0m | €5.0m | €5.0m | ▼ 0.5% |
| Amounts payable17/49 | €87,352 | €37,032 | €109,981 | €387,878 | €379,577 | ▼ 2.1% |
| Amounts payable within one year42/48 | €87,352 | €37,032 | €99,894 | €374,813 | €366,406 | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | €73,641 | - | - | - | - | - |
| Trade debts44 | €364 | €610 | €21,499 | €82 | €656 | ▲ 696% |
| Suppliers440/4 | €364 | €610 | €21,499 | €82 | €656 | ▲ 696% |
| Taxes, remuneration and social security45 | €13,175 | €36,234 | €16,403 | €32,968 | €23,988 | ▼ 27.2% |
| Taxes450/3 | €13,175 | €36,234 | €16,403 | €32,968 | €23,988 | ▼ 27.2% |
| Other amounts payable47/48 | €172 | €188 | €61,992 | €341,762 | €341,762 | = |
| Accrued charges and deferred income492/3 | - | - | €10,087 | €13,065 | €13,172 | ▲ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €735,164 | €405,216 | €71,083 | €736,320 | €53,087 | ▼ 92.8% |
| + Depreciation and write-downs630 | €7,995 | €7,995 | €7,995 | €7,995 | €9,101 | ▲ 13.8% |
| Operating cash flow (approximation) | €743,159 | €413,211 | €79,078 | €744,315 | €62,187 | ▼ 91.6% |
| Investment in fixed assets (approximation) | - | €0 | €2.0m | €0 | -€16,014 | - |
| Change in cash | - | -€56,003 | €863,180 | -€1.0m | -€206,463 | ▲ 79.5% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €736,320 ▲936%
Net result €736,320, the highest in the series.
31-12
Financial
Equity above €2mEq €2.0m ▲56.9%
4 profitable years in a row build equity to €2.0m.
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 31.31
Current ratio from 9.71 to 31.31; short-term debt falls from €87,352 to €37,032.
31-12
Financial
Equity above €1mEq €1.3m ▲46%
2 profitable years in a row build equity to €1.3m.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €735,164
Net result €735,164 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €880,750 ▲505%
Equity rises from €145,586 to €880,750.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Weakest financial yearnet -€32,036
Net result drops to -€32,036, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 42.81
Current ratio from 14.37 to 42.81; short-term debt falls from €12,271 to €1,627.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 14.37
Current ratio from 7.16 to 14.37; short-term debt falls from €18,793 to €12,271.
31-12
Financial
Equity above €150,000Eq €177,622 ▲38%
2 profitable years in a row build equity to €177,622.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Mortsel · 1 establishment unit since 2009
Ground area
508 m²
Building footprint
133 m²
Volume, LiDAR
903 m³
Parcel 11513C0236/00S003, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
erdeXco
since 20092.176.060.386
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0236/00S003 | Flanders | 508 m² | 1 · 133 m² | 9.9 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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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 19,692 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
Founded20-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.