Financials
Financial year 2025
EDCO SERVICE from Gavere, company number BE0455951171, closed financial year 2025 with a result of € 226,048 after tax. For that financial year EDCO SERVICE recorded a gross margin of € 683,423 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 268,672 to € 226,048. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 1.5 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 226,048
▼ 16% vs 2024
Profit after tax over the fiscal year.
€ 814,494
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 99,000 paid out
44 % of the profit went to the shareholders, mostly to Advices for Technical Systems (80 % of the shares). That is where the money ends up.
People and assets in 2025
4
Average over the fiscal year, from the social balance sheet.
€ 313,554
▼ 22% vs 2024
€ 78,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 31,179
▼ 30% vs 2024
Of which on lease € 9,523.
Debts at end 2025
€ 4,217
▼ 79% vs 2024
Loans from banks and other lenders, long and short.
€ 134,300
▲ 97% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,309
▲ 74% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,968,193 | - | - | - | |
| Gross margin | € 692,540 | € 864,729 | € 851,846 | € 683,423 | ▼ 20% |
| Profit after taxes | € 249,265 | € 321,591 | € 268,672 | € 226,048 | ▼ 16% |
| Equity | € 925,452 | € 1,172,043 | € 1,341,715 | € 1,468,762 | ▲ 9% |
| Total debts | € 391,939 | € 161,771 | € 210,798 | € 272,546 | ▲ 29% |
| Cash | € 235,426 | € 350,772 | € 714,532 | € 814,494 | ▲ 14% |
| Land & buildings | € 35,899 | € 26,924 | € 15,706 | € 6,731 | ▼ 57% |
| Retained profit | € 863,952 | € 1,110,543 | € 1,280,215 | € 1,407,262 | ▲ 10% |
| Dividend | € 57,015 | € 75,000 | € 99,000 | € 99,000 | |
| Bank debt | € 69,461 | € 44,041 | € 19,705 | € 4,217 | ▼ 79% |
| Balance sheet total | € 1,317,391 | € 1,333,813 | € 1,552,512 | € 1,741,309 | ▲ 12% |
| Employees (FTE) | 3.9 | 5 | 4 | 4 |
Key figures of EDCO SERVICE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to EDCO SERVICE?
What happened at EDCO SERVICE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LICO-TEC NV stepped down as director. NBB
- René Schepens stepped down as director. NBB
- Filip De Bruyne stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 226,048 (▼ 16% vs 2024). Source: NBB ↗
- Filip De Bruyne became a director. NBB
- Hendrik Aelbrecht stepped down as director. NBB
- Hendrik Aelbrecht became a director. NBB
- LICO-TEC NV became a director. NBB
In short
From € 249,265 profit in 2022 to € 226,048 profit in 2025.
Paid € 357,901 in corporate taxes since 2022.
Best year ever: 2023, with € 321,591 profit.
On average € 170,900 of value added per employee in 2025.
Management
The stake of Advices for Technical Systems comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EDCO SERVICEThe shares are held by Advices for Technical Systems (80%).
Directors
According to the 2025 annual accounts
Hendrik Aelbrecht
Director
Also active at: Chauffage Coussement, Gezel, Emaco International, Advices for Technical Systems, Autrosystems, ALTEMP, NAESSENS H.V.AC., CDL-Engineering +1 more
since 2023 · until 2025
Managing director · represented by Eddy Coune
since 2023 · until 2029
René Schepens
Chairman of the board
Also active at: Chauffage Coussement, VDC ROESELARE, ATS Antwerp, ALGEMENE ELEKTRICITEIT DE MULDER, ACAR, Gezel, Emaco International, Advices for Technical Systems +22 more
since 2023 · until 2029
Filip De Bruyne
Director
Also active at: ALGEMENE ELEKTRICITEIT DE MULDER, MARKETING CONSULTING ENGINEERING, NAESSENS H.V.AC., Smart Dog Management
since 2025 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Stationsstraat 114
9890 Gavere
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0455.951.171
- VAT number
- BE 0455.951.171
- Registered office
- Stationsstraat 114, 9890 Gavere
- Names & denominations
- EDCO SERVICE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 September 1995
- Peppol
- Active · Active since 23 Feb 2026
- Activities · NACE
Sanitaire werkzaamheden
Overig loodgieterswerk
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2
Algemene elektrotechnische installatiewerken
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Elektrische installatie
+1