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DR. EECKELAERT

Active
Private limited companyfounded 200322 yrs activeVan Colenstraat 3, 2530 Boechout, BelgiumKBO/BCE: BE 0862.377.708
Summary

DR. EECKELAERT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €543,902 and a net result of €40,569. Equity is growing by ~4.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · fiscal year 2025, micro schema

Equity
€543,902▲ 8.1%
2024 · €503,333
Total assets
€572,200▼ 3.3%
2024 · €591,632
Net result
€40,569▲ 297%
2024 · €10,206
Working capital
€15,714
2024 · -€41,628
Trend over the years

2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years

The operating result recovers in 2025; 2025 is 205% above 2024.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€0.06m 2025 Net result€0.04m 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.2m-€0.1m▼ 7.0%€0.2m▲ 36.4%€0.2m▼ 10.2%€0.05m▼ 68.8%€0.02m▼ 60.6%€0.06m▲ 205%
Net result€0.1m-€0.09m▼ 6.4%€0.1m▲ 35.9%€0.1m▼ 10.5%€0.03m▼ 70.7%€0.01m▼ 68.5%€0.04m▲ 297%
Equity€0.6m-€0.7m▲ 15.3%€0.8m▲ 18.0%€0.9m▲ 13.7%€1.0m▲ 3.5%€0.5m▼ 47.1%€0.5m▲ 8.1%
Total assets€1.0m-€1.0m▲ 3.1%€1.1m▲ 11.4%€1.2m▲ 4.7%€1.0m▼ 15.3%€0.6m▼ 39.4%€0.6m▼ 3.3%
Debt€0.4m-€0.3m▼ 16.8%€0.3m▼ 3.4%€0.2m▼ 20.1%€0.02m▼ 89.6%€0.09m▲ 265%€0.03m▼ 68.0%
Working capital€0.005m-€0.1m▲ 1,868%€0.2m▲ 125%€0.3m▲ 51.1%€0.4m▲ 14.9%-€0.04m€0.02m
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €572,200
Fixed assets €533,136 ▼ 3.7%
Current assets €39,064 ▲ 2.9%
Equity and liabilities €572,200
Equity €543,902 ▲ 8.1%
Debt €28,298 ▼ 68.0%
Debt's share of the balance-sheet total falls from 14.9% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€85,221▲
2024 · €41,838
Cash flow
€61,110▲
2024 · €30,839
Current ratio
1.67▲
2024 · 0.48
Debt to equity
0.05▼
2024 · 0.18
ROE
7.5%▲
2024 · 2.0%
ROA
7.1%▲
2024 · 1.7%
Interest coverage
16.54▲
2024 · 5.27
Debt ≤ 1 year
€23,351▼
2024 · €79,583
Income taxes
€19,188▲
2024 · €4,968
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€591,632€572,200▼
Fixed assets21/28€553,678€533,136▼
Tangible fixed assets22/27€553,678€533,136▼
Land and buildings22€553,172€532,957▼
Plant, machinery and equipment23€506-
Furniture and vehicles24-€180
Current assets29/58€37,955€39,064▲
Amounts receivable within one year40/41€3,756€35,251▲
Trade receivables40€3,449€35,251▲
Other amounts receivable41€306€0▼
Cash at bank and in hand54/58€23,841€3,813▼
Deferred charges and accrued income490/1€10,358€0▼
Equity and liabilities
Total equity and liabilities10/49€591,632€572,200▼
Equity10/15€503,333€543,902▲
Contributions10/11€12,400€12,400=
Reserves13€490,933€531,502▲
Distributable reserves133€490,933€531,502▲
Profit (loss) carried forward14-€0
Amounts payable17/49€88,299€28,298▼
Amounts payable within one year42/48€79,583€23,351▼
Trade debts44€2,150€0▼
Suppliers440/4€2,150€0▼
Taxes, remuneration and social security45-€6,120
Taxes450/3-€6,120
Other amounts payable47/48€77,433€17,231▼
Accrued charges and deferred income492/3€8,716€4,948▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,633€20,541▼
Other operating charges640/8€3,862€4,125▲
Gross operating margin9900€45,700€89,346▲
Operating profit (loss)9901€21,205€64,680▲
Financial income75/76B€1,913€229▼
Recurring financial income75€1,913€229▼
Financial charges65/66B€7,944€5,151▼
Recurring financial charges65€7,944€5,151▼
Profit (loss) for the period before taxes9903€15,174€59,757▲
Income taxes67/77€4,968€19,188▲
Profit (loss) for the period9904€10,206€40,569▲
Profit (loss) for the period to be appropriated9905€10,206€40,569▲
Appropriation of the result
Profit (loss) to be appropriated9906€10,206€40,569▲
Transfer from equity791/2€459,000€0▼
Transfer to equity691/2€10,206€40,569▲
To other reserves6921€10,206€40,569▲
Profit to be distributed694/7€459,000€0▼
Return on contributions (dividend)694€459,000€0▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,796€21,796€21,129€21,129€21,276€20,633€20,541▼ 0.4%
Other operating charges640/8---€3,452€3,952€3,862€4,125▲ 6.8%
Gross operating margin9900€179,069€165,879€216,742€197,137€79,048€45,700€89,346▲ 95.5%
Operating profit (loss)9901€151,420€140,845€192,180€172,556€53,820€21,205€64,680▲ 205%
Financial income75/76B----€71€1,913€229▼ 88.0%
Recurring financial income75€1,071€43€45-€71€1,913€229▼ 88.0%
Financial charges65/66B---€10,162€6,161€7,944€5,151▼ 35.2%
Recurring financial charges65€12,982€12,420€10,832€10,162€6,161€7,944€5,151▼ 35.2%
Profit (loss) for the period before taxes9903€139,509€128,469€181,393€162,394€47,731€15,174€59,757▲ 294%
Income taxes67/77€42,423€37,606€57,880€51,848€15,299€4,968€19,188▲ 286%
Profit (loss) for the period9904€97,086€90,862€123,512€110,546€32,432€10,206€40,569▲ 297%
Profit (loss) for the period to be appropriated9905€97,086€90,862€123,512€110,546€32,432€10,206€40,569▲ 297%
Line2019202020212022202320242025Change
Assets
Total assets20/58€1.0m€1.0m€1.1m€1.2m€1.0m€0.6m€0.6m▼ 3.3%
Fixed assets21/28€0.7m€0.6m€0.6m€0.6m€0.6m€0.6m€0.5m▼ 3.7%
Tangible fixed assets22/27€0.7m€0.6m€0.6m€0.6m€0.6m€0.6m€0.5m▼ 3.7%
Land and buildings22---€0.6m€0.6m€0.6m€0.5m▼ 3.7%
Plant, machinery and equipment23----€0.001m€0.001m--
Furniture and vehicles24------€180-
Current assets29/58€0.3m€0.4m€0.5m€0.6m€0.4m€0.04m€0.04m▲ 2.9%
Amounts receivable within one year40/41€0.008m--€0.001m€0.007m€0.004m€0.04m▲ 839%
Trade receivables40---€0.001m€0.007m€0.003m€0.04m▲ 922%
Other amounts receivable41-----€306€0▼ 100%
Cash at bank and in hand54/58€0.2m€0.3m€0.4m€0.5m€0.4m€0.02m€0.004m▼ 84.0%
Deferred charges and accrued income490/1---€0.06m€0.008m€0.01m€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€1.0m€1.0m€1.1m€1.2m€1.0m€0.6m€0.6m▼ 3.3%
Equity10/15€0.6m€0.7m€0.8m€0.9m€1.0m€0.5m€0.5m▲ 8.1%
Contributions10/11€0.01m--€0.01m€0.01m€0.01m€0.01m=
Reserves13€0.6m€0.7m€0.8m€0.9m€0.9m€0.5m€0.5m▲ 8.3%
Non-distributable reserves130/1---€0.002m----
Reserves not available under the articles1311---€0.002m----
Distributable reserves133---€0.9m€0.9m€0.5m€0.5m▲ 8.3%
Profit (loss) carried forward14------€0-
Amounts payable17/49€0.4m€0.3m€0.3m€0.2m€0.02m€0.09m€0.03m▼ 68.0%
Amounts payable after more than one year17€0.06m€0.04m€0.02m-----
Amounts payable within one year42/48€0.3m€0.3m€0.3m€0.2m€0.02m€0.08m€0.02m▼ 70.7%
Current portion of amounts payable after more than one year42---€0.02m----
Trade debts44€0.006m€0.003m€0.001m€0.001m€0.002m€0.002m€0▼ 100%
Suppliers440/4---€0.001m€0.002m€0.002m€0▼ 100%
Taxes, remuneration and social security45---€0.01m€0.003m-€0.006m-
Taxes450/3---€0.01m€0.003m-€0.006m-
Other amounts payable47/48---€0.2m€0.01m€0.08m€0.02m▼ 77.7%
Accrued charges and deferred income492/3---€0.01m€0.007m€0.009m€0.005m▼ 43.2%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€97,086€90,862€123,512€110,546€32,432€10,206€40,569▲ 297%
+ Depreciation and write-downs630€21,796€21,796€21,129€21,129€21,276€20,633€20,541▼ 0.4%
Operating cash flow (approximation)€118,882€112,658€144,642€131,675€53,708€30,839€61,110▲ 98.2%
Investment in fixed assets (approximation)-€0€0€0-€979€0€0-
Change in cash-€101,560€125,778€87,664-€109,688-€363,408-€20,028▲ 94.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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