E.C.A. SYSTEMS
ActiveE.C.A. SYSTEMS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €624k and a net result of €213k. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 1633 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+9
Solvency85▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.45 against 2.19 in 2024; short-term debt: 36% and cash: 2.3% of total assets), and 39.9% 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
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
60.1%
Return on assets
20.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
38 d late
2024
28 d late
2023
30 d late
2022
30 d late
2021
29 d early
2020
31 d late
2019
21 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€213k▲ 115%
2024 · €99k
2018: €51k
2019: €31k
2020: €57k
2021: €48k
2022: €24k
2023: €85k
2024: €99k
2018 → 2025
Working capital
€543k▲ 50.8%
2024 · €360k
2018: €101k
2019: €124k
2020: €197k
2021: €157k
2022: €160k
2023: €253k
2024: €360k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€203k-€228k▲ 12.0%€313k▲ 37.5%€412k▲ 31.5%€624k▲ 51.6%
Operating result€72k-€34k▼ 52.5%€126k▲ 270%€138k▲ 9.3%€303k▲ 119%
Net result€48k-€24k▼ 49.4%€85k▲ 251%€99k▲ 15.6%€213k▲ 115%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 119% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€122k▲ 27.2%
Current assets
€917k▲ 38.4%
Equity and liabilities €1.04M
Equity
€624k▲ 51.6%
Provisions
€3k▼ 22.6%
Debt
€412k▲ 20.1%
The debt ratio falls from 45.2% to 39.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€331k▲
2024 · €160k
Cash flow
€241k▲
2024 · €121k
Solvency
60.1%▲
2024 · 54.3%
Current ratio
2.45▲
2024 · 2.19
Quick ratio
2.20▲
2024 · 1.86
Debt / equity
0.66▼
2024 · 0.83
ROE
34.0%▲
2024 · 24.0%
ROA
20.5%▲
2024 · 13.0%
Interest coverage
69.64▲
2024 · 38.54
Debt
€412k▲
2024 · €343k
Debt ≤ 1 year
€374k▲
2024 · €303k
Debt > 1 year
€37k▼
2024 · €40k
Income taxes
€95k▲
2024 · €33k
Staff costs
€236k▼
2024 · €243k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€759k€1.04M▲
Fixed assets21/28€96k€122k▲
Tangible fixed assets22/27€96k€122k▲
Land and buildings22€28k€28k=
Plant, machinery and equipment23-€10k
Furniture and vehicles24€68k€84k▲
Current assets29/58€663k€917k▲
Stocks and contracts in progress3€99k€94k▼
Stocks30/36€94k€93k▼
Contracts in progress37€5k€968▼
Amounts receivable within one year40/41€373k€417k▲
Trade receivables40€306k€228k▼
Other amounts receivable41€67k€189k▲
Current investments50/53€58k€361k▲
Cash at bank and in hand54/58€111k€24k▼
Deferred charges and accrued income490/1€22k€21k▼
Equity and liabilities
Total equity and liabilities10/49€759k€1.04M▲
Equity10/15€412k€624k▲
Contributions10/11€20k€20k=
Reserves13€386k€597k▲
Tax-exempt reserves132€15k€12k▼
Distributable reserves133€371k€586k▲
Profit (loss) carried forward14€2k€3k▲
Investment grants15€4k€4k=
Provisions and deferred taxes16€4k€3k▼
Deferred taxes168€4k€3k▼
Amounts payable17/49€343k€412k▲
Amounts payable after more than one year17€40k€37k▼
Financial debts170/4€40k€37k▼
Amounts payable within one year42/48€303k€374k▲
Current portion of amounts payable after more than one year42€11k€17k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€31k€26k▼
Suppliers440/4€31k€26k▼
Advances received on contracts in progress46€133k€231k▲
Taxes, remuneration and social security45€127k€100k▼
Taxes450/3€77k€72k▼
Remuneration and social security454/9€50k€28k▼
Other amounts payable47/48€270€0▼
Accrued charges and deferred income492/3€772€884▲
Income statement
Code20242025
Remuneration, social security and pensions62€243k€236k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€29k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€407k€572k▲
Operating profit (loss)9901€138k€303k▲
Financial income75/76B€2k€9k▲
Recurring financial income75€2k€9k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€136k€307k▲
Transfer from deferred taxes780€489€852▲
Transfer to deferred taxes680€4k€0▼
Income taxes67/77€33k€95k▲
Profit (loss) for the period9904€99k€213k▲
Transfer from tax-exempt reserves789€2k€3k▲
Transfer to tax-exempt reserves689€17k€0▼
Profit (loss) for the period to be appropriated9905€84k€216k▲
Appropriation of the result
Profit (loss) to be appropriated9906€86k€218k▲
Profit (loss) brought forward from the previous period14P€2k€2k▲
Transfer to equity691/2€84k€215k▲
To other reserves6921€84k€215k▲
Social balance
Average headcount (FTE)90873.53.5=
The notes to these accounts (15 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
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 38 days late
2025
31-12
Financial
Highest result since 2018net €213k ▲115%
Operating result €303k, net result €213k, both a record.
31-12
Financial
Equity above €500kEq €624k ▲51.6%
8 profitable years in a row build equity to €624k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €24k ▼49.4%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €200kEq €201k ▲18.2%
2 profitable years in a row build equity to €201k.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Thimister-Clermont · 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.
Sur les Thiers 11c4890 Thimister-ClermontGround area
5,498 m²
Building footprint
907 m²
Volume, LiDAR
5,114 m³
2 parcels, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sur les Thiers 11 C, 4890 Thimister-Clermont
since 19912.052.784.175
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63077C0516/00L000 | Wallonia | 2,833 m² | 1 · 300 m² | 6.4 m · 2 fl. |
| 63077C0239/00E000 | Wallonia | 2,665 m² | 1 · 607 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,715 companies in sector 73200 we hold annual accounts for 1,785. 1,230 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-04-1991
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
73200Market research and public opinion polling
74131
74203
26110Manufacture of computer, electronic and optical products
27900Manufacture of electrical equipment
31623
43211General electrical installation work
45310
47400Retail sale of information and communication equipment
47410Retail trade
52487
52740
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 34 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.