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E.C.K.

Active
Public limited companyfounded 1969active for 56 yearsZeedijk-Albertstrand 509, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0406.949.939

Financials · financial year 2025, full format

Annual accounts 2025 filed on 28-05-2026 PDF all 49 filings

Turnover
€149.7m▲ 25.5%
2024 · €119.3m
EBIT margin
46.7%▲ 5.1pp
2024 · 41.7%
Net result
€45.4m▲ 41.8%
2024 · €32.0m
Working capital
€136.4m▲ 51.3%
2024 · €90.2m
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€149.7m
▲ 25.5% 2025
20182025
Operating result
€70.0m
▲ 40.7% 2025
20182025
Net result
€45.4m
▲ 41.8% 2025
highest quarter of the sector
20182025
EBIT margin
46.7%
▲ 5.1pp 2025
20182025
Equity
€143.1m
▲ 46.4% 2025
highest quarter of the sector
20182025
Total assets
€181.5m
▲ 38.5% 2025
highest quarter of the sector
20182025
Debt
€38.2m
▲ 15.5% 2025
20182025
Working capital
€136.4m
▲ 51.3% 2025
highest quarter of the sector
20182025
Solvency
78.8%
▲ 4.2pp 2025
middle half of the sector
20182025
Current ratio
4.62
▲ 0.84 2025
middle half of the sector
20182025
Return on assets (ROA)
25.0%
▲ 0.6pp 2025
highest quarter of the sector
20182025
Staff (FTE)
55.4
▼ 1.9% 2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€37.6m-€46.2m▲ 22.9%€54.1m▲ 17.3%€70.7m▲ 30.6%€66.4m▼ 6.0%€87.8m▲ 32.2%€119.3m▲ 35.9%€149.7m▲ 25.5%
Operating result€7.9m-€7.7m▼ 2.8%€16.1m▲ 108%€25.1m▲ 56.4%€15.0m▼ 40.3%€25.7m▲ 71.2%€49.7m▲ 93.8%€70.0m▲ 40.7%
Net result€4.9m-€4.4m▼ 9.1%€11.0mabove the sector's middle half▲ 147%€17.4mabove the sector's middle half▲ 58.6%€10.5mabove the sector's middle half▼ 39.8%€16.5mabove the sector's middle half▲ 57.8%€32.0mabove the sector's middle half▲ 93.7%€45.4mabove the sector's middle half▲ 41.8%
EBIT margin21.1%-16.7%▼ 4.4pp29.7%▲ 13.0pp35.6%▲ 5.9pp22.6%▼ 13.0pp29.2%▲ 6.7pp41.7%▲ 12.4pp46.7%▲ 5.1pp
Equity€6.0m-€10.5m▲ 73.4%€21.4mabove the sector's middle half▲ 105%€38.8mabove the sector's middle half▲ 81.1%€49.3mabove the sector's middle half▲ 27.0%€65.8mabove the sector's middle half▲ 33.5%€97.8mabove the sector's middle half▲ 48.6%€143.1mabove the sector's middle half▲ 46.4%
Total assets€16.3m-€22.9m▲ 41.0%€39.9mabove the sector's middle half▲ 74.2%€60.7mabove the sector's middle half▲ 52.0%€65.4mabove the sector's middle half▲ 7.7%€91.0mabove the sector's middle half▲ 39.2%€131.1mabove the sector's middle half▲ 44.0%€181.5mabove the sector's middle half▲ 38.5%
Debt€10.2m-€12.1m▲ 18.6%€18.2m▲ 49.9%€21.6m▲ 18.6%€16.1m▼ 25.3%€25.2m▲ 56.7%€33.1m▲ 31.2%€38.2m▲ 15.5%
Working capital-€7.3m--€3.8m▲ 47.7%€4.3mabove the sector's middle half€23.3mabove the sector's middle half▲ 440%€36.2mabove the sector's middle half▲ 55.3%€56.8mabove the sector's middle half▲ 56.9%€90.2mabove the sector's middle half▲ 58.6%€136.4mabove the sector's middle half▲ 51.3%
Solvency37.1%-45.7%▲ 8.5pp53.7%within the sector's middle half▲ 8.0pp63.9%within the sector's middle half▲ 10.3pp75.4%above the sector's middle half▲ 11.4pp72.3%within the sector's middle half▼ 3.1pp74.6%within the sector's middle half▲ 2.3pp78.8%within the sector's middle half▲ 4.2pp
Current ratio0.29-0.69▲ 0.401.25within the sector's middle half▲ 0.572.08within the sector's middle half▲ 0.833.25above the sector's middle half▲ 1.173.32above the sector's middle half▲ 0.063.78above the sector's middle half▲ 0.464.62within the sector's middle half▲ 0.84
Return on assets (ROA)30.0%-19.3%▼ 10.6pp27.5%above the sector's middle half▲ 8.1pp28.6%above the sector's middle half▲ 1.2pp16.0%within the sector's middle half▼ 12.6pp18.1%within the sector's middle half▲ 2.1pp24.4%above the sector's middle half▲ 6.3pp25.0%above the sector's middle half▲ 0.6pp
Staff (FTE)113.9-115▲ 1.0%108above the sector's middle half▼ 6.1%101above the sector's middle half▼ 6.5%78above the sector's middle half▼ 22.8%58.1above the sector's middle half▼ 25.5%56.5above the sector's middle half▼ 2.8%55.4above the sector's middle half▼ 1.9%
above within below The sector band is the middle half of the companies in Gambling and betting activities (NACE 92). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 41% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €181.5m
Fixed assets €7.4m ▼ 12.5%
Current assets €174.1m ▲ 42.0%
Equity and liabilities €181.5m
Equity €143.1m ▲ 46.4%
Provisions €210,350 ▼ 1.3%
Debt €38.2m ▲ 15.5%
Debt's share of the balance-sheet total falls from 25.2% to 21.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€71.5m▲
2024 · €51.2m
Cash flow
€46.9m▲
2024 · €33.4m
Quick ratio
4.61▲
2024 · 3.78
Debt to equity
0.27▼
2024 · 0.34
ROE
31.7%▼
2024 · 32.7%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€37.7m▲
2024 · €32.4m
Income taxes
€22.5m▲
2024 · €16.7m
Customer credit
32 days▲
2024 · 25 days
Supplier credit
9557 days▼
2024 · 11065 days
Staff costs
€3.7m▼
2024 · €4.8m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date10660655358
full-time8855585056
part-time185732
in full-time equivalents101.35962.852.457.5
Average over the year, in full-time equivalents1017858.156.555.4
On a permanent contract10459535356
Joined6911837122917
Left7116436624112
Agency workers, average number1.531.81.53.8
Training hours3223,76519654264

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€718,139€829,878€1.3m€571,355€511,501
Intangible fixed assets€294,098€168,469€78,891--
Depreciation and write-downs of the year€3.7m€3.3m€2.7m€1.4m€1.5m

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees

The auditor is Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises.

Item20212022202320242025
Fee for the audit€19,008€20,339€21,153€21,999€28,300

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Subsidies and aid

Flemish government

2022 to 2023 · 2 entries · €2,590 awarded · €2,590 paid
Year Entries AwardedPaid
2023 1 €1,619€1,619
2022 1 €971€971
Schemes
2 entries · €2,590 · €2,590 paid · Departement Werk en Sociale Economie
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 83 lines
Balance sheet Code20242025
Assets
Total assets20/58€131.1m€181.5m▲
Fixed assets21/28€8.5m€7.4m▼
Intangible fixed assets21€5.9m€5.0m▼
Tangible fixed assets22/27€2.1m€1.9m▼
Plant, machinery and equipment23€1.7m€1.6m▼
Furniture and vehicles24€0.2m€0.2m▼
Other tangible fixed assets26€0.1m€0.1m▲
Financial fixed assets28€0.5m€0.5m=
Other financial fixed assets284/8€0.5m€0.5m=
Amounts receivable and cash guarantees285/8€0.5m€0.5m=
Current assets29/58€122.6m€174.1m▲
Stocks and contracts in progress3€0.08m€0.07m▼
Stocks30/36€0.08m€0.07m▼
Raw materials and consumables30/31€0.008m€0.007m▼
Goods purchased for resale34€0.07m€0.06m▼
Amounts receivable within one year40/41€121.4m€172.7m▲
Trade receivables40€8.1m€13.3m▲
Other amounts receivable41€113.3m€159.4m▲
Cash at bank and in hand54/58€1.0m€1.3m▲
Deferred charges and accrued income490/1€0.1m€0.1m▼
Equity and liabilities
Total equity and liabilities10/49€131.1m€181.5m▲
Equity10/15€97.8m€143.1m▲
Contributions10/11€1.1m€1.1m=
Capital10€1.1m€1.1m=
Issued capital100€1.1m€1.1m=
Contributions outside capital11€162€162=
Share premium1100/10€162€162=
Reserves13€6.1m€7.1m▲
Non-distributable reserves130/1€0.1m€0.1m=
Legal reserve130€0.1m€0.1m=
Tax-exempt reserves132€6.0m€4.4m▼
Distributable reserves133-€2.6m
Profit (loss) carried forward14€90.6m€135.0m▲
Provisions and deferred taxes16€0.2m€0.2m▼
Provisions for liabilities and charges160/5€0.2m€0.2m▼
Other liabilities and charges164/5€0.2m€0.2m▼
Amounts payable17/49€33.1m€38.2m▲
Amounts payable within one year42/48€32.4m€37.7m▲
Trade debts44€15.2m€13.1m▼
Suppliers440/4€15.2m€13.1m▼
Advances received on contracts in progress46€0.02m€0.003m▼
Taxes, remuneration and social security45€15.4m€20.4m▲
Taxes450/3€13.5m€19.1m▲
Remuneration and social security454/9€1.9m€1.3m▼
Other amounts payable47/48€1.8m€4.2m▲
Accrued charges and deferred income492/3€0.7m€0.5m▼
Income statement Code20242025
Operating income70/76A€120.1m€150.0m▲
Turnover70€119.3m€149.7m▲
Other operating income74€0.8m€0.3m▼
Non-recurring operating income76A€0.003m-
Operating charges60/66A€70.3m€80.1m▲
Goods for resale, raw materials and consumables60€0.5m€0.5m▼
Purchases600/8€0.5m€0.5m▼
Change in stocks: decrease (increase)609-€0.05m€0.01m▲
Services and other goods61€33.0m€32.8m▼
Remuneration, social security and pensions62€4.8m€3.7m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.4m€1.5m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.005m-
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.2m-€0.003m▼
Other operating charges640/8€30.3m€41.6m▲
Non-recurring operating charges66A€0.01m€0.03m▲
Operating profit (loss)9901€49.7m€70.0m▲
Financial income75/76B€2.4m€2.2m▼
Recurring financial income75€2.4m€2.2m▼
Income from financial fixed assets750-€0.03m
Income from current assets751€2.4m€2.2m▼
Other financial income752/9€0.04m€0.03m▼
Financial charges65/66B€3.4m€4.4m▲
Recurring financial charges65€3.4m€4.4m▲
Debt charges650€0.009m€0.01m▲
Other financial charges652/9€3.4m€4.3m▲
Profit (loss) for the period before taxes9903€48.7m€67.9m▲
Income taxes67/77€16.7m€22.5m▲
Taxes670/3€16.7m€22.5m▲
Profit (loss) for the period9904€32.0m€45.4m▲
Transfer from tax-exempt reserves789-€2.6m
Transfer to tax-exempt reserves689€1.0m€1.0m=
Profit (loss) for the period to be appropriated9905€31.0m€47.0m▲
Appropriation of the result
Profit (loss) to be appropriated9906€90.6m€137.6m▲
Profit (loss) brought forward from the previous period14P€59.6m€90.6m▲
Transfer to equity691/2-€2.6m
To other reserves6921-€2.6m
Social balance sheet
Average headcount (FTE)908756.555.4▼

The notes to these accounts have 66 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 28-05-2026.

Line20182019202020212022202320242025Change
Operating income70/76A€38.3m--€74.5m€67.9m€88.2m€120.1m€150.0m▲ 25.0%
Turnover70€37.6m€46.2m€54.1m€70.7m€66.4m€87.8m€119.3m€149.7m▲ 25.5%
Own construction capitalised72---€0.04m€0.03m€0.04m---
Other operating income74€0.4m--€0.3m€0.6m€0.4m€0.8m€0.3m▼ 56.9%
Non-recurring operating income76A€0.3m--€3.5m€0.9m€0.003m€0.003m--
Operating charges60/66A€30.4m--€49.4m€52.9m€62.6m€70.3m€80.1m▲ 13.8%
Goods for resale, raw materials and consumables60€0.7m--€0.4m€0.5m€0.6m€0.5m€0.5m▼ 0.2%
Purchases600/8---€0.4m€0.5m€0.5m€0.5m€0.5m▼ 10.9%
Change in stocks: decrease (increase)609€0.02m---€0.02m€0.02m€0.002m-€0.05m€0.01m-
Services and other goods61€12.5m--€29.4m€30.0m€31.1m€33.0m€32.8m▼ 0.8%
Remuneration, social security and pensions62€6.8m--€3.9m€4.5m€4.3m€4.8m€3.7m▼ 23.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.6m€2.3m€3.3m€3.7m€3.3m€2.7m€1.4m€1.5m▲ 6.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.002m---€0.004m-€0.2m-€0.005m--
Provisions for liabilities and charges: additions (uses and reversals)635/8-----€0.3m-€0.2m-€0.003m-
Other operating charges640/8€8.9m--€11.8m€14.8m€21.9m€30.3m€41.6m▲ 36.9%
Non-recurring operating charges66A€0.05m--€0.2m€0.1m€1.9m€0.01m€0.03m▲ 123%
Operating profit (loss)9901€7.9m€7.7m€16.1m€25.1m€15.0m€25.7m€49.7m€70.0m▲ 40.7%
Financial income75/76B---€0.1m€0.3m€0.3m€2.4m€2.2m▼ 7.0%
Recurring financial income75€0.1m€0.05m€0.02m€0.1m€0.3m€0.3m€2.4m€2.2m▼ 7.0%
Income from financial fixed assets750-------€0.03m-
Income from current assets751---€0.08m€0.2m€0.3m€2.4m€2.2m▼ 8.0%
Other financial income752/9€0.1m--€0.04m€0.1m€0.04m€0.04m€0.03m▼ 25.5%
Financial charges65/66B€0.9m--€1.8m€1.5m€3.3m€3.4m€4.4m▲ 27.2%
Recurring financial charges65€0.9m€1.0m€1.2m€1.8m€1.5m€3.3m€3.4m€4.4m▲ 27.2%
Debt charges650€0.004m€0.006m€0.01m€0.005m€0.006m€0.2m€0.009m€0.01m▲ 8.8%
Other financial charges652/9€0.9m--€1.8m€1.5m€3.1m€3.4m€4.3m▲ 27.2%
Profit (loss) for the period before taxes9903€7.2m€6.7m€14.8m€23.5m€13.9m€22.7m€48.7m€67.9m▲ 39.3%
Income taxes67/77€2.3m€2.3m€3.9m€6.1m€3.4m€6.1m€16.7m€22.5m▲ 34.7%
Taxes670/3€2.3m--€6.1m€3.4m€6.1m€16.7m€22.5m▲ 34.7%
Profit (loss) for the period9904€4.9m€4.4m€11.0m€17.4m€10.5m€16.5m€32.0m€45.4m▲ 41.8%
Transfer from tax-exempt reserves789-------€2.6m-
Transfer to tax-exempt reserves689---€2.0m€2.0m€1.0m€1.0m€1.0m=
Profit (loss) for the period to be appropriated9905€4.9m€4.4m€11.0m€15.4m€8.5m€15.5m€31.0m€47.0m▲ 51.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€16.3m€22.9m€39.9m€60.7m€65.4m€91.0m€131.1m€181.5m▲ 38.5%
Fixed assets21/28€13.3m€14.6m€18.5m€15.8m€13.0m€9.6m€8.5m€7.4m▼ 12.5%
Intangible fixed assets21€7.9m€9.7m€14.6m€12.5m€10.3m€6.8m€5.9m€5.0m▼ 14.5%
Tangible fixed assets22/27€4.3m€3.7m€2.8m€2.1m€1.7m€2.1m€2.1m€1.9m▼ 9.5%
Plant, machinery and equipment23€2.8m--€1.6m€1.4m€1.9m€1.7m€1.6m▼ 8.0%
Furniture and vehicles24€0.2m--€0.1m€0.1m€0.1m€0.2m€0.2m▼ 26.0%
Leasing and similar rights25€0.002m--€449-----
Other tangible fixed assets26€1.3m--€0.4m€0.2m€0.1m€0.1m€0.1m▲ 1.1%
Assets under construction and advance payments27-----€0.02m---
Financial fixed assets28€1.2m€1.2m€1.2m€1.2m€1.0m€0.8m€0.5m€0.5m=
Other financial fixed assets284/8€1.2m--€1.2m€1.0m€0.8m€0.5m€0.5m=
Amounts receivable and cash guarantees285/8€1.2m--€1.2m€1.0m€0.8m€0.5m€0.5m=
Current assets29/58€2.9m€8.3m€21.4m€44.9m€52.3m€81.4m€122.6m€174.1m▲ 42.0%
Stocks and contracts in progress3€0.02m€0.03m€0.03m€0.05m€0.03m€0.03m€0.08m€0.07m▼ 13.8%
Stocks30/36€0.02m--€0.05m€0.03m€0.03m€0.08m€0.07m▼ 13.8%
Raw materials and consumables30/31€0.003m--€0.005m€0.006m€0.006m€0.008m€0.007m▼ 16.4%
Goods purchased for resale34€0.02m--€0.04m€0.03m€0.02m€0.07m€0.06m▼ 13.5%
Amounts receivable within one year40/41€1.2m€6.7m€20.6m€44.4m€51.1m€80.5m€121.4m€172.7m▲ 42.2%
Trade receivables40€1.1m--€8.0m€3.7m€4.1m€8.1m€13.3m▲ 63.7%
Other amounts receivable41€0.1m--€36.4m€47.4m€76.4m€113.3m€159.4m▲ 40.7%
Cash at bank and in hand54/58€1.3m€1.1m€0.3m€0.3m€0.7m€0.8m€1.0m€1.3m▲ 25.5%
Deferred charges and accrued income490/1€0.4m--€0.06m€0.5m€0.1m€0.1m€0.1m▼ 14.1%
Equity and liabilities
Total equity and liabilities10/49€16.3m€22.9m€39.9m€60.7m€65.4m€91.0m€131.1m€181.5m▲ 38.5%
Equity10/15€6.0m€10.5m€21.4m€38.8m€49.3m€65.8m€97.8m€143.1m▲ 46.4%
Contributions10/11€1.1m€1.1m€1.1m€1.1m€1.1m€1.1m€1.1m€1.1m=
Capital10€1.1m--€1.1m€1.1m€1.1m€1.1m€1.1m=
Issued capital100€1.1m--€1.1m€1.1m€1.1m€1.1m€1.1m=
Contributions outside capital11€162--€162€162€162€162€162=
Share premium1100/10---€162€162€162€162€162=
Reserves13€0.1m€0.1m€0.1m€2.1m€4.1m€5.1m€6.1m€7.1m▲ 16.3%
Non-distributable reserves130/1---€0.1m€0.1m€0.1m€0.1m€0.1m=
Legal reserve130€0.1m--€0.1m€0.1m€0.1m€0.1m€0.1m=
Tax-exempt reserves132€0.002m--€2.0m€4.0m€5.0m€6.0m€4.4m▼ 27.4%
Distributable reserves133-------€2.6m-
Profit (loss) carried forward14€4.9m€9.3m€20.3m€35.6m€44.1m€59.6m€90.6m€135.0m▲ 48.9%
Provisions and deferred taxes16€0.001m€0.3m€0.3m€0.3m--€0.2m€0.2m▼ 1.3%
Provisions for liabilities and charges160/5€0.001m--€0.3m--€0.2m€0.2m▼ 1.3%
Pensions and similar obligations160€0.001m--------
Other liabilities and charges164/5---€0.3m--€0.2m€0.2m▼ 1.3%
Amounts payable17/49€10.2m€12.1m€18.2m€21.6m€16.1m€25.2m€33.1m€38.2m▲ 15.5%
Amounts payable within one year42/48€10.2m€12.1m€17.1m€21.6m€16.1m€24.5m€32.4m€37.7m▲ 16.3%
Trade debts44€2.8m€2.8m€7.9m€10.7m€9.7m€13.4m€15.2m€13.1m▼ 13.8%
Suppliers440/4€2.8m--€10.7m€9.7m€13.4m€15.2m€13.1m▼ 13.8%
Advances received on contracts in progress46€0.003m--€0.009m€0.006m€0.01m€0.02m€0.003m▼ 78.3%
Taxes, remuneration and social security45€5.0m--€10.2m€5.7m€10.7m€15.4m€20.4m▲ 32.6%
Taxes450/3€4.0m--€8.8m€4.7m€9.4m€13.5m€19.1m▲ 41.6%
Remuneration and social security454/9€1.0m--€1.4m€1.0m€1.3m€1.9m€1.3m▼ 31.1%
Other amounts payable47/48€2.3m--€0.6m€0.7m€0.4m€1.8m€4.2m▲ 129%
Accrued charges and deferred income492/3€0.04m---€0.001m€0.7m€0.7m€0.5m▼ 27.8%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€4.9m€4.4m€11.0m€17.4m€10.5m€16.5m€32.0m€45.4m▲ 41.8%
+ Depreciation and write-downs630€1.6m€2.3m€3.3m€3.7m€3.3m€2.7m€1.4m€1.5m▲ 6.2%
Operating cash flow (approximation)€6.4m€6.7m€14.2m€21.1m€13.8m€19.2m€33.4m€46.9m▲ 40.2%
Investment in fixed assets (approximation)--€3.6m-€7.2m-€1.0m-€0.6m€0.8m-€0.3m-€0.5m▼ 58.9%
Change in cash--€0.2m-€0.8m€0.03m€0.4m€0.06m€0.2m€0.3m▲ 15.3%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 1,579 companies had the same profile as E.C.K. has now. Two years later, 96.7% were still going and 0.1% had gone bankrupt.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.7% was still going
3.2% stopped otherwise
0.1% went bankrupt

That fits the bankruptcy probability of E.C.K. itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,579 companies, not a prediction for E.C.K.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Latest 10 of 49 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 28-05-2026 2026-00130453 PDF
31-12-2024 full format 01-07-2025 2025-00225577 PDF
31-12-2023 full format 06-05-2025 2025-00090911 PDF
31-12-2022 full format 14-06-2023 2023-00133386 PDF
31-12-2021 full format 29-06-2022 2022-20129621 PDF
31-12-2020 full format 18-06-2021 2021-22300372 PDF
31-12-2019 full format 18-06-2020 2020-18200476 PDF
31-12-2018 full format 28-06-2019 2019-28100128 PDF
31-12-2017 full format 14-06-2018 2018-19200067 PDF
31-12-2016 full format 28-07-2017 2017-38300301 PDF

Show all 49 filings

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