E.C.B.
ActiveSummary
E.C.B. has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.5m and a net result of -€54,755. Equity is growing by ~17.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▼-68
Solvency84▼-16
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 5.93 in 2023; short-term debt: 24.3% and cash: 9.8% of total assets), and 41.5% of the assets are financed with debt.
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Signals
Seven 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
58.5%
Return on assets
-2.2%
Age of the figures
21 mo
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 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
21 d late
2022
28 d early
2021
22 d late
2020
10 d late
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 3 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€54,755
2023 · €466,632
Working capital
€432,691▼ 55.1%
2023 · €964,734
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€121,928▲ 109%€53,957▼ 55.7%€497,503▲ 822%€599,985▲ 20.6%-€48,000
Net result€129,933▲ 111%€84,831▼ 34.7%€364,252▲ 329%€466,632▲ 28.1%-€54,755
Equity€812,766▲ 19.0%€897,597▲ 10.4%€1.2m▲ 32.0%€1.7m▲ 39.4%€1.5m▼ 10.0%
Total assets€2.0m▲ 23.0%€2.2m▲ 11.9%€2.2m▲ 0.7%€2.2m▼ 1.8%€2.5m▲ 15.6%
Debt€1.2m▲ 26.0%€1.3m▲ 13.0%€1.1m▼ 20.5%€471,019▼ 55.3%€979,861▲ 108%
Working capital€16,277€186,522▲ 1,046%€418,309▲ 124%€964,734▲ 131%€432,691▼ 55.1%
Staff (FTE)8.5▼ 2.3%8.3▼ 2.4%7.9▼ 4.8%2.5▼ 68.4%0▼ 100%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €48,000 after €599,985 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.5m
Fixed assets
€1.5m ▲ 43.6%
Current assets
€1.1m ▼ 9.4%
Equity and liabilities €2.5m
Equity
€1.5m ▼ 10.0%
Provisions
€74,027 ▼ 1.3%
Debt
€979,861 ▲ 108%
Debt's share of the balance-sheet total rises from 21.4% to 38.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19,917▼
2023 · €659,179
Cash flow
€13,162▼
2023 · €525,826
Current ratio
1.70▼
2023 · 5.93
Debt to equity
0.66▲
2023 · 0.29
ROE
-3.7%▼
2023 · 28.3%
ROA
-2.2%▼
2023 · 21.2%
Interest coverage
1.34▼
2023 · 67.18
Debt ≤ 1 year
€618,080▲
2023 · €195,600
Debt > 1 year
€361,673▲
2023 · €275,419
Income taxes
€244▼
2023 · €77,047
Staff costs
€0▼
2023 · €128,462
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12,750 | €599 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €1.8m | €3.5m | - | €274,126 | - |
| Remuneration, social security and pensions62 | - | €382,205 | €409,825 | €128,462 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90,647 | €103,734 | €49,561 | €59,194 | €67,917 | ▲ 14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €12,057 | -€3,532 | -€16,317 | - | - |
| Other operating charges640/8 | - | €95,596 | €40,548 | €45,828 | €44,245 | ▼ 3.5% |
| Non-recurring operating charges66A | - | €1,038 | €236 | €207 | €9 | ▼ 95.7% |
| Gross operating margin9900 | €529,872 | €648,587 | €994,140 | €817,360 | €64,171 | ▼ 92.1% |
| Operating profit (loss)9901 | €121,928 | €53,957 | €497,503 | €599,985 | -€48,000 | ▼ 108% |
| Financial income75/76B | - | €74,281 | €103,345 | €28,507 | €7,388 | ▼ 74.1% |
| Recurring financial income75 | €59,453 | €74,281 | €103,345 | €28,507 | €7,388 | ▼ 74.1% |
| Financial charges65/66B | - | €9,599 | €43,089 | €9,812 | €14,872 | ▲ 51.6% |
| Recurring financial charges65 | €7,621 | €9,599 | €43,089 | €9,812 | €14,872 | ▲ 51.6% |
| Profit (loss) for the period before taxes9903 | €173,760 | €118,639 | €557,758 | €618,680 | -€55,484 | ▼ 109% |
| Transfer from deferred taxes780 | - | - | - | - | €973 | - |
| Transfer to deferred taxes680 | - | - | - | €75,000 | - | - |
| Income taxes67/77 | €43,827 | €33,809 | €193,507 | €77,047 | €244 | ▼ 99.7% |
| Profit (loss) for the period9904 | €129,933 | €84,831 | €364,252 | €466,632 | -€54,755 | ▼ 112% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €3,891 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €300,000 | - | - |
| Profit (loss) for the period to be appropriated9905 | €129,933 | €84,831 | €364,252 | €166,632 | -€50,864 | ▼ 131% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.2m | €2.2m | €2.2m | €2.5m | ▲ 15.6% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.1m | €1.0m | €1.5m | ▲ 43.6% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.1m | €1.0m | €1.5m | ▲ 43.6% |
| Land and buildings22 | - | €916,945 | €918,265 | €908,414 | €1.4m | ▲ 52.4% |
| Plant, machinery and equipment23 | - | €32,882 | €29,500 | €18,299 | €36,545 | ▲ 99.7% |
| Furniture and vehicles24 | - | €3,282 | €67,239 | €70,725 | €51,189 | ▼ 27.6% |
| Leasing and similar rights25 | - | €103,020 | €68,198 | €39,556 | €16,765 | ▼ 57.6% |
| Other tangible fixed assets26 | - | €0 | €0 | - | - | - |
| Current assets29/58 | €810,990 | €1.2m | €1.2m | €1.2m | €1.1m | ▼ 9.4% |
| Stocks and contracts in progress3 | €114,893 | €203,314 | €144,613 | - | - | - |
| Stocks30/36 | - | €203,314 | €144,613 | - | - | - |
| Amounts receivable within one year40/41 | €229,116 | €307,591 | €533,109 | €778,735 | €742,791 | ▼ 4.6% |
| Trade receivables40 | - | €264,224 | €347,750 | €36,079 | €14,764 | ▼ 59.1% |
| Other amounts receivable41 | - | €43,367 | €185,359 | €742,657 | €728,027 | ▼ 2.0% |
| Current investments50/53 | €51,663 | €51,663 | €18,000 | €19,570 | €22,427 | ▲ 14.6% |
| Cash at bank and in hand54/58 | €392,778 | €583,820 | €436,456 | €347,608 | €248,869 | ▼ 28.4% |
| Deferred charges and accrued income490/1 | - | €20,094 | €23,180 | €14,420 | €36,684 | ▲ 154% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.2m | €2.2m | €2.2m | €2.5m | ▲ 15.6% |
| Equity10/15 | €812,766 | €897,597 | €1.2m | €1.7m | €1.5m | ▼ 10.0% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €81,805 | €81,805 | = |
| Outside capital11 | - | - | - | €81,805 | €81,805 | = |
| Share premium1100/10 | - | - | - | €81,805 | - | - |
| Other1109/19 | - | - | - | - | €81,805 | - |
| Reserves13 | €738,398 | €823,229 | €1.1m | €1.6m | €1.5m | ▼ 7.3% |
| Non-distributable reserves130/1 | - | €7,437 | €7,437 | - | - | - |
| Reserves not available under the articles1311 | - | €7,437 | €7,437 | - | - | - |
| Tax-exempt reserves132 | - | €27,550 | €27,550 | €327,550 | €323,658 | ▼ 1.2% |
| Distributable reserves133 | - | €788,243 | €1.1m | €1.2m | €1.1m | ▼ 8.9% |
| Profit (loss) carried forward14 | - | €0 | - | - | -€50,864 | - |
| Provisions and deferred taxes16 | - | - | - | €75,000 | €74,027 | ▼ 1.3% |
| Deferred taxes168 | - | - | - | €75,000 | €74,027 | ▼ 1.3% |
| Amounts payable17/49 | €1.2m | €1.3m | €1.1m | €471,019 | €979,861 | ▲ 108% |
| Amounts payable after more than one year17 | €371,755 | €339,622 | €306,960 | €275,419 | €361,673 | ▲ 31.3% |
| Financial debts170/4 | - | €339,622 | €306,960 | €275,419 | €361,673 | ▲ 31.3% |
| Amounts payable within one year42/48 | €794,713 | €979,959 | €737,049 | €195,600 | €618,080 | ▲ 216% |
| Current portion of amounts payable after more than one year42 | - | €32,133 | €32,662 | €31,540 | €36,697 | ▲ 16.3% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €62,314 | €151,308 | €79,329 | €11,411 | €0 | ▼ 100% |
| Suppliers440/4 | - | €151,308 | €79,329 | €11,411 | - | - |
| Advances received on contracts in progress46 | - | €663,228 | €384,449 | - | - | - |
| Taxes, remuneration and social security45 | - | €133,291 | €160,130 | €152,648 | €29,395 | ▼ 80.7% |
| Taxes450/3 | - | €37,344 | €117,763 | €143,471 | €25,103 | ▼ 82.5% |
| Remuneration and social security454/9 | - | €95,947 | €42,367 | €9,177 | €4,292 | ▼ 53.2% |
| Other amounts payable47/48 | - | - | €80,480 | - | €551,989 | - |
| Accrued charges and deferred income492/3 | - | €5,433 | €9,877 | - | €108 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €129,933 | €84,831 | €364,252 | €466,632 | -€54,755 | ▼ 112% |
| + Depreciation and write-downs630 | €90,647 | €103,734 | €49,561 | €59,194 | €67,917 | ▲ 14.7% |
| Operating cash flow (approximation) | €220,580 | €188,565 | €413,812 | €525,826 | €13,162 | ▼ 97.5% |
| Investment in fixed assets (approximation) | - | €14,571 | -€76,634 | -€12,985 | -€519,823 | ▼ 3,903% |
| Change in cash | - | €191,042 | -€147,364 | -€88,848 | -€98,739 | ▼ 11.1% |
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
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€54,755
Net result drops to -€54,755, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
31-12
Financial
Highest result since 2018net €466,632 ▲28.1%
Operating result €599,985, net result €466,632, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 5.93
Current ratio from 1.57 to 5.93; short-term debt falls from €737,049 to €195,600.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1mEq €1.2m ▲32%
5 profitable years in a row build equity to €1.2m.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Seraing · 2 establishment units since 1994
Ground area
8,415 m²
Building footprint
2,963 m²
Volume, LiDAR
17,141 m³
2 parcels, Wallonia · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
IXINA
since 19942.068.288.537
IXINA
since 20042.160.006.589
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61061A0350/00D003 | Wallonia | 4,524 m² | 1 · 1,949 m² | 11.6 m · 2 fl. |
| 62019B0173/00N000 | Wallonia | 3,890 m² | 1 · 1,014 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
Founded12-08-1994
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453234775
Also
9925:BE0453234775
Registered
20-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.