E.C.D. CONSTRUCT
Bankruptcy closedInactive since 25-06-2026; last annual accounts for financial year 2022.
Summary
E.C.D. CONSTRUCT was declared bankrupt on 29-01-2024 (Tribunal de l’entreprise du Hainaut, division Mons); the bankruptcy was closed by liquidation by judgment of 22-06-2026, published in the Belgian Official Gazette on 08-07-2026.
Financials · financial year 2022, micro format
Turnover
≈ €310,000
Estimated: probably between €210,000 and €480,000
Total assets
€59,881▲ 6.1%
2021 · €56,421
Net result
€13,846▼ 4.1%
2021 · €14,436
Working capital
€19,267▲ 206%
2021 · €6,295
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result has risen four years in a row; 2022 is 14% above 2021 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€16,568
2022
Net result€13,846
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€59,881
2022
Equity€21,176
2022
Debt€38,706
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€19,267
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)3.7
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€29,118--€7,750▲ 73.4%-€3,557▲ 54.1%€14,582€16,568▲ 13.6%
Net result-€28,380--€7,951▲ 72.0%-€3,008▲ 62.2%€14,436€13,846▼ 4.1%
Equity€3,852--€4,099-€7,107▼ 73.4%€7,330€21,176▲ 189%
Total assets€74,691-€70,742▼ 5.3%€47,063▼ 33.5%€56,421▲ 19.9%€59,881▲ 6.1%
Debt€70,839-€74,841▲ 5.7%€54,170▼ 27.6%€49,091▼ 9.4%€38,706▼ 21.2%
Working capital€905--€4,892-€7,408▼ 51.4%€6,295€19,267▲ 206%
Staff (FTE)2.8-2.3▼ 17.9%3▲ 30.4%3=3.7▲ 23.3%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €59,881
Fixed assets
€1,909 ▲ 84.6%
Current assets
€57,972 ▲ 4.7%
Equity and liabilities €59,881
Equity
€21,176 ▲ 189%
Debt
€38,706 ▼ 21.2%
Debt's share of the balance-sheet total falls from 87.0% to 64.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,886▲
2021 · €14,893
Cash flow
€14,164▼
2021 · €14,747
Current ratio
1.50▲
2021 · 1.13
Quick ratio
1.36▲
2021 · 1.08
Debt to equity
1.83▼
2021 · 6.70
ROE
65.4%▼
2021 · 197.0%
ROA
23.1%▼
2021 · 25.6%
Interest coverage
6.19▼
2021 · 26.88
Debt ≤ 1 year
€38,706▼
2021 · €49,091
Staff costs
€106,008▲
2021 · €72,485
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €72,485 | €106,008 | ▲ 46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,754 | €4,755 | €2,921 | €311 | €318 | ▲ 2.3% |
| Other operating charges640/8 | - | - | - | €763 | €1,047 | ▲ 37.1% |
| Gross operating margin9900 | €31,419 | €67,090 | €79,833 | €88,140 | €123,941 | ▲ 40.6% |
| Operating profit (loss)9901 | -€29,118 | -€7,750 | -€3,557 | €14,582 | €16,568 | ▲ 13.6% |
| Financial income75/76B | - | - | - | €408 | €7 | ▼ 98.2% |
| Recurring financial income75 | €510 | €624 | €1,038 | €408 | €7 | ▼ 98.2% |
| Financial charges65/66B | - | - | - | €554 | €2,730 | ▲ 393% |
| Recurring financial charges65 | €347 | €265 | €489 | €554 | €2,730 | ▲ 393% |
| Profit (loss) for the period before taxes9903 | -€28,954 | -€7,391 | -€3,008 | €14,436 | €13,846 | ▼ 4.1% |
| Income taxes67/77 | -€574 | €561 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€28,380 | -€7,951 | -€3,008 | €14,436 | €13,846 | ▼ 4.1% |
| Profit (loss) for the period to be appropriated9905 | -€28,380 | -€7,951 | -€3,008 | €14,436 | €13,846 | ▼ 4.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,691 | €70,742 | €47,063 | €56,421 | €59,881 | ▲ 6.1% |
| Fixed assets21/28 | €7,977 | €3,223 | €302 | €1,034 | €1,909 | ▲ 84.6% |
| Tangible fixed assets22/27 | €7,921 | €3,167 | €246 | €978 | €1,853 | ▲ 89.4% |
| Plant, machinery and equipment23 | - | - | - | €978 | €1,853 | ▲ 89.4% |
| Financial fixed assets28 | €56 | €56 | €56 | €56 | €56 | = |
| Current assets29/58 | €66,713 | €67,520 | €46,761 | €55,387 | €57,972 | ▲ 4.7% |
| Stocks and contracts in progress3 | €1,987 | €3,090 | €4,200 | €2,178 | €5,480 | ▲ 152% |
| Stocks30/36 | - | - | - | €2,178 | €5,480 | ▲ 152% |
| Contracts in progress37 | - | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €25,292 | €20,824 | €23,430 | €24,450 | €21,337 | ▼ 12.7% |
| Trade receivables40 | - | - | - | €24,197 | €21,337 | ▼ 11.8% |
| Other amounts receivable41 | - | - | - | €253 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €25,061 | €34,422 | €16,797 | €28,485 | €30,788 | ▲ 8.1% |
| Deferred charges and accrued income490/1 | - | - | - | €274 | €367 | ▲ 34.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,691 | €70,742 | €47,063 | €56,421 | €59,881 | ▲ 6.1% |
| Equity10/15 | €3,852 | -€4,099 | -€7,107 | €7,330 | €21,176 | ▲ 189% |
| Contributions10/11 | €18,880 | €18,880 | - | €18,880 | €18,880 | = |
| Reserves13 | €1,888 | €1,888 | €1,888 | €1,888 | €1,888 | = |
| Non-distributable reserves130/1 | - | - | - | €1,888 | €1,888 | = |
| Reserves not available under the articles1311 | - | - | - | €1,888 | €1,888 | = |
| Profit (loss) carried forward14 | -€16,916 | -€24,867 | -€27,875 | -€13,439 | €407 | - |
| Amounts payable17/49 | €70,839 | €74,841 | €54,170 | €49,091 | €38,706 | ▼ 21.2% |
| Amounts payable after more than one year17 | €5,030 | €2,430 | €0 | - | - | - |
| Amounts payable within one year42/48 | €65,808 | €72,411 | €54,170 | €49,091 | €38,706 | ▼ 21.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | - |
| Trade debts44 | €12,281 | €25,987 | €1,782 | €12,484 | €7,849 | ▼ 37.1% |
| Suppliers440/4 | - | - | - | €12,484 | €7,849 | ▼ 37.1% |
| Taxes, remuneration and social security45 | - | - | - | €24,442 | €29,435 | ▲ 20.4% |
| Taxes450/3 | - | - | - | €8,365 | €3,638 | ▼ 56.5% |
| Remuneration and social security454/9 | - | - | - | €16,077 | €25,797 | ▲ 60.5% |
| Other amounts payable47/48 | - | - | - | €12,165 | €1,422 | ▼ 88.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,380 | -€7,951 | -€3,008 | €14,436 | €13,846 | ▼ 4.1% |
| + Depreciation and write-downs630 | €4,754 | €4,755 | €2,921 | €311 | €318 | ▲ 2.3% |
| Operating cash flow (approximation) | -€23,626 | -€3,197 | -€87 | €14,747 | €14,164 | ▼ 4.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,043 | -€1,193 | ▼ 14.3% |
| Change in cash | - | €9,361 | -€17,626 | €11,688 | €2,303 | ▼ 80.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 14-07-2023 | 2023-00242150 |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20142160 |
| 31-12-2020 | micro format | 25-08-2021 | 2021-53700566 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-48600348 |
| 31-12-2018 | micro format | 05-07-2019 | 2019-29700031 |
| 31-12-2017 | micro format | 19-07-2018 | 2018-35200480 |
| 31-12-2016 | full format | 18-09-2017 | 2017-61100223 |
| 31-12-2015 | full format | 25-08-2016 | 2016-46800139 |
| 31-12-2014 | full format | 29-10-2015 | 2015-65900549 |
| 31-12-2013 | full format | 18-03-2015 | 2015-06500066 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.