TW EDNIC
ActiveTW EDNIC has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22k and a net result of €3k. Equity is shrinking by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 53% of 1410 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability59▲+21
Solvency71▼-29
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.3 against 5.04 in 2023; short-term debt: 40.9% and cash: 32.2% of total assets), but 54.3% of the assets are financed with debt.
Credit advice 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 · 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 2024Solvency, return and age of the figures
Solvency
45.7%
Return on assets
6.8%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €22k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
19 d early
2022
32 d early
2021
31 d early
2020
27 d late
2019
35 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€22k▲ 17.6%
2023 · €19k
2018: €36k
2019: €36k
2020: €42k
2021: €20k
2022: €18k
2023: €19k
2018 → 2024
Total assets
€49k▲ 96.6%
2023 · €25k
2018: €77k
2019: €50k
2020: €45k
2021: €26k
2022: €23k
2023: €25k
2018 → 2024
Net result
€3k▲ 209%
2023 · €1k
2018: €7k
2019: €269
2020: €6k
2021: €6k
2022: €-2k
2023: €1k
2018 → 2024
Working capital
€26k▲ 44.4%
2023 · €18k
2018: €18k
2019: €26k
2020: €43k
2021: €19k
2022: €16k
2023: €18k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€42k-€20k▼ 52.3%€18k▼ 11.1%€19k▲ 6.0%€22k▲ 17.6%
Operating result€8k-€8k▲ 0.8%€-1k€3k€6k▲ 105%
Net result€6k-€6k▼ 2.2%€-2k€1k€3k▲ 209%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 105% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49k
Fixed assets
€3k▲ 21.6%
Current assets
€46k▲ 105%
Equity and liabilities €49k
Equity
€22k▲ 17.6%
Debt
€27k▲ 352%
The debt ratio rises from 23.6% to 54.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7k▲
2023 · €3k
Cash flow
€4k▲
2023 · €2k
Solvency
45.7%▼
2023 · 76.4%
Current ratio
2.30▼
2023 · 5.04
Quick ratio
2.30▼
2023 · 5.04
Debt / equity
1.19▲
2023 · 0.31
ROE
15.0%▲
2023 · 5.7%
ROA
6.8%▲
2023 · 4.4%
Interest coverage
3.81▲
2023 · 1.60
Debt
€27k▲
2023 · €6k
Debt ≤ 1 year
€20k▲
2023 · €4k
Income taxes
€1k
Staff costs
€39k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€25k€49k▲
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Land and buildings22€1k€900▼
Plant, machinery and equipment23€232€125▼
Furniture and vehicles24€1k€2k▲
Current assets29/58€23k€46k▲
Amounts receivable within one year40/41€14k€27k▲
Trade receivables40€4k€11k▲
Other amounts receivable41€10k€16k▲
Cash at bank and in hand54/58€7k€16k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€25k€49k▲
Equity10/15€19k€22k▲
Contributions10/11€2k€2k=
Reserves13€17k€20k▲
Non-distributable reserves130/1€200€200=
Reserves not available under the articles1311€200€200=
Distributable reserves133€17k€20k▲
Amounts payable17/49€6k€27k▲
Amounts payable within one year42/48€4k€20k▲
Trade debts44€4k€10k▲
Suppliers440/4€4k€10k▲
Taxes, remuneration and social security45-€9k
Taxes450/3-€1k
Remuneration and social security454/9-€8k
Other amounts payable47/48€269€269=
Accrued charges and deferred income492/3€1k€7k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€39k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€544€808▲
Other operating charges640/8€2k€903▼
Gross operating margin9900€6k€46k▲
Operating profit (loss)9901€3k€6k▲
Financial income75/76B€363€715▲
Recurring financial income75€363€715▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€1k€5k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€1k€3k▲
Profit (loss) for the period to be appropriated9905€1k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€3k▲
Transfer to equity691/2€1k€3k▲
To other reserves6921€1k€3k▲
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-2k ▼137%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Liquidity times 9current ratio 26.83
Current ratio from 3.10 to 26.83; short-term debt falls from €12k to €2k.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 3.10
Current ratio from 1.51 to 3.10; short-term debt falls from €36k to €12k.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Balen · 1 establishment unit since 2010
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.
Steegsebaan 1342490 BalenGround area
1,220 m²
Building footprint
192 m²
Volume, LiDAR
1,022 m³
Parcel 13342C0145/00C000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TW EDNIC
since 20102.196.617.260
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13342C0145/00C000 | Flanders | 1,220 m² | 1 · 192 m² | 7.2 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 9,863 companies in sector 73110 we hold annual accounts for 3,754. 2,673 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formGeneral partnership
Founded02-12-2010
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
73110Advertising agencies
96993Pet care services, excluding veterinary services
43130Specialised construction activities
43240Other construction installation
47762Retail sale of pets, pet food and pet supplies
53200Other postal and courier activities
81220Other building cleaning and industrial cleaning
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.