EDEL
ActiveSummary
EDEL has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.55M and a net result of €331k. Equity is growing by ~10.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+3
Solvency100▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 1.64 in 2024; short-term debt: 13.8% and cash: 10.9% of total assets), and 24.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
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
75.1%
Return on assets
7%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
29 d late
2023
42 d late
2022
on the day
2022
30 d late
2021
51 d late
2020
9 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€331k▲ 85.9%
2024 · €178k
2019: €159k
2020: €159k▲ +0.1% vs 2019
2021: €493k▲ +210% vs 2020highest value
2022: €184k▼ -62.7% vs 2021
2022: €180k
2023: €143k▼ -20.8% vs 2022lowest value
2024: €178k▲ +24.8% vs 2023
2025: €331k▲ +85.9% vs 2024
2019 → 2025
Working capital
€879k▲ 76.8%
2024 · €497k
2019: €-443k
2020: €-497k▼ -12.2% vs 2019lowest value
2021: €-333k▲ +33.0% vs 2020
2022: €-119k▲ +64.4% vs 2021
2022: €90k
2023: €262k▲ +193% vs 2022
2024: €497k▲ +89.4% vs 2023
2025: €879k▲ +76.8% vs 2024highest value
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222022202320242025Trend
Equity€2.72M-€2.90M▲ 6.6%€3.04M▲ 4.9%€3.22M▲ 5.8%€3.55M▲ 10.3%
2022: €2.72Mlowest value
2022: €2.90M
2023: €3.04M▲ +4.9% vs 2022
2024: €3.22M▲ +5.8% vs 2023
2025: €3.55M▲ +10.3% vs 2024highest value
Operating result€254k-€241k▼ 5.2%€215k▼ 10.7%€259k▲ 20.3%€456k▲ 76.4%
2022: €254k
2022: €241k
2023: €215k▼ -10.7% vs 2022lowest value
2024: €259k▲ +20.3% vs 2023
2025: €456k▲ +76.4% vs 2024highest value
Net result€184k-€180k▼ 2.2%€143k▼ 20.8%€178k▲ 24.8%€331k▲ 85.9%
2022: €184k
2022: €180k
2023: €143k▼ -20.8% vs 2022lowest value
2024: €178k▲ +24.8% vs 2023
2025: €331k▲ +85.9% vs 2024highest value
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.73M
Fixed assets
€3.20M ▼ 1.9%
Current assets
€1.53M ▲ 19.6%
Equity and liabilities €4.73M
Equity
€3.55M ▲ 10.3%
Debt
€1.18M ▼ 10.6%
Debt's share of the balance-sheet total falls from 29.1% to 24.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€517k▲
2024 · €319k
Cash flow
€391k▲
2024 · €238k
Current ratio
2.35▲
2024 · 1.64
Debt to equity
0.33▼
2024 · 0.41
ROE
9.3%▲
2024 · 5.5%
ROA
7.0%▲
2024 · 3.9%
Interest coverage
24.93▲
2024 · 12.05
Debt ≤ 1 year
€651k▼
2024 · €782k
Income taxes
€114k▲
2024 · €60k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.54M€4.73M▲
Fixed assets21/28€3.26M€3.20M▼
Tangible fixed assets22/27€1.38M€1.32M▼
Land and buildings22€1.38M€1.32M▼
Financial fixed assets28€1.88M€1.88M=
Current assets29/58€1.28M€1.53M▲
Amounts receivable within one year40/41€132k-
Other amounts receivable41€132k-
Current investments50/53-€1.00M
Cash at bank and in hand54/58€1.11M€518k▼
Deferred charges and accrued income490/1€34k€12k▼
Equity and liabilities
Total equity and liabilities10/49€4.54M€4.73M▲
Equity10/15€3.22M€3.55M▲
Contributions10/11€582k€582k=
Capital10€582k€582k=
Issued capital100€582k€582k=
Reserves13€2.64M€2.97M▲
Non-distributable reserves130/1€58k€58k=
Legal reserve130€58k€58k=
Distributable reserves133€2.58M€2.91M▲
Amounts payable17/49€1.32M€1.18M▼
Amounts payable within one year42/48€782k€651k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€3k€50k▲
Taxes450/3-€47k
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€777k€599k▼
Accrued charges and deferred income492/3€538k€528k▼
Income statement
Code20242025
Non-recurring operating income76A-€136k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€60k=
Other operating charges640/8€29k€33k▲
Gross operating margin9900€349k€549k▲
Operating profit (loss)9901€259k€456k▲
Financial income75/76B€6k€10k▲
Recurring financial income75€6k€10k▲
Financial charges65/66B€26k€21k▼
Recurring financial charges65€26k€21k▼
Profit (loss) for the period before taxes9903€238k€445k▲
Income taxes67/77€60k€114k▲
Profit (loss) for the period9904€178k€331k▲
Profit (loss) for the period to be appropriated9905€178k€331k▲
Appropriation of the result
Profit (loss) to be appropriated9906€179k€331k▲
Profit (loss) brought forward from the previous period14P€726-
Transfer to equity691/2€179k€331k▲
To other reserves6921€179k€331k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €136k | - |
| Remuneration, social security and pensions62 | - | €868 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61k | €56k | €60k | €60k | €60k | = |
| Other operating charges640/8 | €27k | €27k | €28k | €29k | €33k | ▲ 11.6% |
| Non-recurring operating charges66A | - | - | €43k | - | - | - |
| Gross operating margin9900 | €342k | €324k | €346k | €349k | €549k | ▲ 57.6% |
| Operating profit (loss)9901 | €254k | €241k | €215k | €259k | €456k | ▲ 76.4% |
| Financial income75/76B | - | - | - | €6k | €10k | ▲ 65.8% |
| Recurring financial income75 | - | - | - | €6k | €10k | ▲ 65.8% |
| Financial charges65/66B | €2k | €57 | €25k | €26k | €21k | ▼ 21.7% |
| Recurring financial charges65 | €2k | €57 | €63 | €26k | €21k | ▼ 21.7% |
| Non-recurring financial charges66B | - | - | €25k | - | - | - |
| Profit (loss) for the period before taxes9903 | €252k | €241k | €190k | €238k | €445k | ▲ 87.0% |
| Income taxes67/77 | €68k | €61k | €47k | €60k | €114k | ▲ 90.3% |
| Profit (loss) for the period9904 | €184k | €180k | €143k | €178k | €331k | ▲ 85.9% |
| Profit (loss) for the period to be appropriated9905 | €184k | €180k | €143k | €178k | €331k | ▲ 85.9% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.81M | €4.78M | €4.58M | €4.54M | €4.73M | ▲ 4.2% |
| Fixed assets21/28 | €3.44M | €3.38M | €3.32M | €3.26M | €3.20M | ▼ 1.9% |
| Tangible fixed assets22/27 | €1.56M | €1.50M | €1.44M | €1.38M | €1.32M | ▼ 4.4% |
| Land and buildings22 | €1.56M | €1.50M | €1.44M | €1.38M | €1.32M | ▼ 4.4% |
| Financial fixed assets28 | €1.88M | €1.88M | €1.88M | €1.88M | €1.88M | = |
| Current assets29/58 | €1.37M | €1.39M | €1.26M | €1.28M | €1.53M | ▲ 19.6% |
| Amounts receivable within one year40/41 | €911k | €614k | €322k | €132k | - | - |
| Other amounts receivable41 | €911k | €614k | €322k | €132k | - | - |
| Current investments50/53 | - | - | - | - | €1.00M | - |
| Cash at bank and in hand54/58 | €426k | €675k | €903k | €1.11M | €518k | ▼ 53.4% |
| Deferred charges and accrued income490/1 | €34k | €104k | €31k | €34k | €12k | ▼ 65.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.81M | €4.78M | €4.58M | €4.54M | €4.73M | ▲ 4.2% |
| Equity10/15 | €2.72M | €2.90M | €3.04M | €3.22M | €3.55M | ▲ 10.3% |
| Contributions10/11 | €582k | €582k | €582k | €582k | €582k | = |
| Capital10 | €582k | €582k | €582k | €582k | €582k | = |
| Issued capital100 | €582k | €582k | €582k | €582k | €582k | = |
| Reserves13 | €2.14M | €2.32M | €2.46M | €2.64M | €2.97M | ▲ 12.5% |
| Non-distributable reserves130/1 | €58k | €58k | €58k | €58k | €58k | = |
| Legal reserve130 | €58k | €58k | €58k | €58k | €58k | = |
| Distributable reserves133 | €2.08M | €2.26M | €2.40M | €2.58M | €2.91M | ▲ 12.8% |
| Profit (loss) carried forward14 | €5 | €80 | €726 | - | - | - |
| Amounts payable17/49 | €2.09M | €1.88M | €1.54M | €1.32M | €1.18M | ▼ 10.6% |
| Amounts payable within one year42/48 | €1.49M | €1.30M | €994k | €782k | €651k | ▼ 16.7% |
| Trade debts44 | €55k | €53k | €8k | €3k | €2k | ▼ 11.6% |
| Suppliers440/4 | €55k | €53k | €8k | €3k | €2k | ▼ 11.6% |
| Taxes, remuneration and social security45 | €68k | €68k | €3k | €3k | €50k | ▲ 1,738% |
| Taxes450/3 | €68k | €68k | - | - | €47k | - |
| Remuneration and social security454/9 | - | - | €3k | €3k | €3k | = |
| Other amounts payable47/48 | €1.37M | €1.18M | €984k | €777k | €599k | ▼ 22.8% |
| Accrued charges and deferred income492/3 | €600k | €572k | €542k | €538k | €528k | ▼ 1.8% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €184k | €180k | €143k | €178k | €331k | ▲ 85.9% |
| + Depreciation and write-downs630 | €61k | €56k | €60k | €60k | €60k | = |
| Operating cash flow (approximation) | €246k | €236k | €203k | €238k | €391k | ▲ 64.1% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | - | €228k | €210k | €-595k | ▼ 383% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 42 days late
2023
31-12
Financial
Weakest financial yearnet €143k ▼20.8%
Net result drops to €143k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 51 days late
31-01
Financial
Highest result since 2019net €493k ▲210%
Operating result €668k, net result €493k, both a record.
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
31-01
Financial
Equity above €2MEq €2.04M ▲8.4%
2 profitable years in a row build equity to €2.04M.
2019
19-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 19 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 1987
Ground area
1,904 m²
Building footprint
2,053 m²
Volume, LiDAR
18,634 m³
Parcel 11806F1317/00R010, Flanders · tallest building 16.7 m, ±3 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
1 establishment unit
EDEL
since 19872.031.655.496
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1317/00R010 | Flanders | 1,903 m² | 1 · 2,053 m² | 16.7 m · 3 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.
Identification & contact
Identification
Legal formPublic limited company
Founded22-10-1987
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.