E.C.D.
ActiveE.C.D. has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €88k and a net result of €1k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability38▼-1
Solvency41▼-3
Growth59=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.73 in 2023; short-term debt: 58.5% and cash: 0% of total assets), but 83.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
16.4%
Return on assets
0.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 36373 sector peers (2024).
NBB · sector comparisonPosition among 36373 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
31 d late
2022
102 d late
2021
31 d late
2020
31 d late
2019
129 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€169k▲ 31.5%
2020 · €129k
2018: €186k
2019: €111k
2020: €129k
2018 → 2021
EBIT margin
4.5%▼ 1.0pp
2020 · 5.6%
2018: 0.9%
2019: 0.3%
2020: 5.6%
2018 → 2021
Net result
€1k▼ 70.7%
2023 · €4k
2018: €802
2019: €238
2020: €4k
2021: €7k
2022: €5k
2023: €4k
2018 → 2024
Working capital
€222k▲ 11.1%
2023 · €200k
2018: €90k
2019: €161k
2020: €170k
2021: €190k
2022: €195k
2023: €200k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€129k-€169k▲ 31.5%
Equity€73k-€80k▲ 9.2%€85k▲ 6.2%€88k▲ 3.8%€88k▲ 0.5%
Operating result€7k-€8k▲ 7.3%€6k▼ 16.5%€4k▼ 42.0%€2k▼ 47.4%
Net result€4k-€7k▲ 60.0%€5k▼ 25.9%€4k▼ 28.1%€1k▼ 70.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 47% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €538k
Fixed assets
€1k=
Current assets
€537k▲ 13.6%
Equity and liabilities €538k
Equity
€88k▲ 0.5%
Debt
€450k▲ 16.6%
The debt ratio rises from 81.4% to 83.6%. Equity and debt are higher.
Key figures and ratios
Solvency
16.4%▼
2023 · 18.6%
Current ratio
1.71▼
2023 · 1.73
Quick ratio
1.70▼
2023 · 1.73
Debt / equity
5.08▲
2023 · 4.38
ROE
1.2%▼
2023 · 4.1%
ROA
0.2%▼
2023 · 0.8%
Debt
€450k▲
2023 · €386k
Debt ≤ 1 year
€315k▲
2023 · €272k
Debt > 1 year
€135k▲
2023 · €113k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€474k€538k▲
Fixed assets21/28€1k€1k=
Financial fixed assets28€1k€1k=
Current assets29/58€472k€537k▲
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€467k€536k▲
Trade receivables40€457k€514k▲
Other amounts receivable41€10k€21k▲
Cash at bank and in hand54/58€4k€88▼
Equity and liabilities
Total equity and liabilities10/49€474k€538k▲
Equity10/15€88k€88k▲
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€68k€68k▲
Amounts payable17/49€386k€450k▲
Amounts payable after more than one year17€113k€135k▲
Financial debts170/4€113k€135k▲
Amounts payable within one year42/48€272k€315k▲
Trade debts44€206k€231k▲
Suppliers440/4€206k€231k▲
Taxes, remuneration and social security45-€10k
Taxes450/3-€10k
Other amounts payable47/48€66k€73k▲
Income statement
Code20232024
Remuneration, social security and pensions62€677-
Other operating charges640/8€406€404▼
Gross operating margin9900€5k€2k▼
Operating profit (loss)9901€4k€2k▼
Financial charges65/66B€139€909▲
Recurring financial charges65€139€909▲
Profit (loss) for the period before taxes9903€4k€1k▼
Profit (loss) for the period9904€4k€1k▼
Profit (loss) for the period to be appropriated9905€4k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€68k€68k▲
Profit (loss) brought forward from the previous period14P€64k€67k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 102 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €7k ▲60%
Operating result €8k, net result €7k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 129 days late
2019
31-12
Financial
Weakest financial yearnet €238 ▼70.4%
Net result drops to €238, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 92 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 150 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Chaudfontaine · 1 establishment unit since 1982
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.
Corniche de la Gloriette 144053 ChaudfontaineGround area
950 m²
Building footprint
112 m²
Parcel 62104D0337/00M037, Wallonia. Linked by address, not a title deed.
1 establishment unit
Corniche de la Gloriette 14, 4053 Chaudfontaine
since 19822.020.823.962
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62104D0337/00M037 | Wallonia | 950 m² | 1 · 112 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 1003.819.445
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BE 0474.240.027
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WARMTENWATER
BE 0827.937.263
Evergem · Eq €89k
SANI-Q
BE 0787.901.801
Puurs-Sint-Amands · Eq €89k
INDAGRO LIGHTING
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Stekene · Eq €88k
Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,881 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-03-1982
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.