ETABLISSEMENTS ED. BLOCK
ActiveSummary
ETABLISSEMENTS ED. BLOCK has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.18M and a net result of €-1.83M. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▲+17
Solvency39▼-11
Growth48=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.56 in 2024; short-term debt: 2.8% and cash: 1.2% of total assets), and 86% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 68
lower
← 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
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
14%
Return on assets
-2.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-1.83M
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
2 d early
2023
29 d late
2022
21 d late
2021
17 d early
2020
3 d early
2019
91 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€947k▲ 33.9%
2022 · €707k
2018: €872k
2019: €940k
2020: €956k
2021: €720k
2022: €707k
2018 → 2023
EBIT margin
-145.1%▼ 185.8pp
2022 · 40.8%
2018: 41.1%
2019: 43.0%
2020: 207.3%
2021: 471.4%
2022: 40.8%
2018 → 2023
Net result
€-1.83M▲ 47.0%
2024 · €-3.45M
2018: €278k
2019: €350k
2020: €1.43M
2021: €2.43M
2022: €235k
2023: €-1.15M
2024: €-3.45M
2018 → 2025
Working capital
€243k
2024 · €-817k
2018: €-392k
2019: €-4.50M
2020: €856k
2021: €496k
2022: €391k
2023: €-866k
2024: €-817k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€720k-€707k▼ 1.8%€947k▲ 33.9%
Equity€9.06M-€9.30M▲ 2.6%€15.46M▲ 66.3%€12.01M▼ 22.3%€10.18M▼ 15.2%
Operating result€3.39M-€288k▼ 91.5%€-1.37M€-3.62M▼ 163%€-1.69M▲ 53.3%
Net result€2.43M-€235k▼ 90.3%€-1.15M€-3.45M▼ 201%€-1.83M▲ 47.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.69M in 2025 against €3.62M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72.85M
Fixed assets
€70.57M ▲ 50.5%
Current assets
€2.28M ▲ 116%
Equity and liabilities €72.85M
Equity
€10.18M ▼ 15.2%
Provisions
€1.04M ▼ 7.1%
Debt
€61.63M ▲ 77.0%
Debt's share of the balance-sheet total rises from 72.6% to 84.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€616k▲
2024 · €-2.47M
Cash flow
€476k▲
2024 · €-2.30M
Current ratio
1.12▲
2024 · 0.56
Debt to equity
6.05▲
2024 · 2.90
ROE
-18.0%▲
2024 · -28.7%
ROA
-2.5%▲
2024 · -7.2%
Interest coverage
1.36▲
2024 · -7.33
Debt ≤ 1 year
€2.04M▲
2024 · €1.87M
Debt > 1 year
€59.18M▲
2024 · €32.71M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€47.95M€72.85M▲
Fixed assets21/28€46.90M€70.57M▲
Intangible fixed assets21-€36k
Tangible fixed assets22/27€46.90M€70.48M▲
Land and buildings22€2.19M€2.09M▼
Plant, machinery and equipment23€157k€244k▲
Other tangible fixed assets26€37.94M€67.46M▲
Assets under construction and advance payments27€6.61M€690k▼
Financial fixed assets28-€55k
Current assets29/58€1.05M€2.28M▲
Amounts receivable after more than one year29€26k€27k▲
Other amounts receivable291€26k€27k▲
Amounts receivable within one year40/41€347k€1.39M▲
Trade receivables40€196k€1.12M▲
Other amounts receivable41€151k€276k▲
Cash at bank and in hand54/58€567k€856k▲
Deferred charges and accrued income490/1€114k€2k▼
Equity and liabilities
Total equity and liabilities10/49€47.95M€72.85M▲
Equity10/15€12.01M€10.18M▼
Contributions10/11€8.15M€8.15M=
Capital10€8.15M€8.15M=
Issued capital100€8.15M€8.15M=
Revaluation surpluses12€299k€299k=
Reserves13€3.56M€3.21M▼
Non-distributable reserves130/1€90k€90k=
Legal reserve130€90k€90k=
Tax-exempt reserves132€3.36M€3.12M▼
Distributable reserves133€110k-
Profit (loss) carried forward14-€-1.48M
Provisions and deferred taxes16€1.12M€1.04M▼
Deferred taxes168€1.12M€1.04M▼
Amounts payable17/49€34.82M€61.63M▲
Amounts payable after more than one year17€32.71M€59.18M▲
Financial debts170/4€17.78M€17.46M▼
Other amounts payable178/9€14.93M€41.72M▲
Amounts payable within one year42/48€1.87M€2.04M▲
Current portion of amounts payable after more than one year42€312k€318k▲
Trade debts44€1.55M€1.71M▲
Suppliers440/4€1.55M€1.71M▲
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€9k€9k=
Accrued charges and deferred income492/3€240k€413k▲
Income statement
Code20242025
Non-recurring operating income76A€80k€251k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.15M€2.31M▲
Other operating charges640/8€418k€1.22M▲
Non-recurring operating charges66A€2.93M-
Gross operating margin9900€876k€1.84M▲
Operating profit (loss)9901€-3.62M€-1.69M▲
Financial income75/76B€120k€233k▲
Recurring financial income75€114k€233k▲
Non-recurring financial income76B€7k-
Financial charges65/66B€351k€452k▲
Recurring financial charges65€337k€452k▲
Non-recurring financial charges66B€14k-
Profit (loss) for the period before taxes9903€-3.85M€-1.91M▲
Transfer from deferred taxes780€398k€79k▼
Profit (loss) for the period9904€-3.45M€-1.83M▲
Transfer from tax-exempt reserves789€850k€237k▼
Profit (loss) for the period to be appropriated9905€-2.60M€-1.59M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.49M€-1.59M▼
Profit (loss) brought forward from the previous period14P€1.11M-
Transfer from equity791/2€1.49M€110k▼
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-3.45M
Net result drops to €-3.45M, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Equity above €10MEq €15.46M ▲66.3%
Equity rises from €9.30M to €15.46M.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €2.43M ▲70%
Operating result €3.39M, net result €2.43M, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 32current ratio 2.21
Current ratio from 0.07 to 2.21; short-term debt falls from €4.83M to €708k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, Gent · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industriepark-Drongen 149031 GentGround area
1.2 ha
Building footprint
6,017 m²
Volume, LiDAR
45,929 m³
Parcel 44017D0805/00W000, Flanders · tallest building 17.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Industriepark-Drongen 14, 9031 Gent
since 19912.051.892.270
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0805/00W000 | Flanders | 1.2 ha | 1 · 6,017 m² | 17.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 11,747 companies in sector 68310 we hold annual accounts for 6,905. 1,002 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-12-1990
Fiscal year end31-12
Abbreviation NL
ETS. ED.BLOCK
Activities, NACEBEL 2025
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.