Skip to content

E&C2

Active
Public limited companyfounded 200619 yrs activeRue Jules Steinbach 6, 4960 Malmedy, BelgiumKBO/BCE: BE 0885.565.161
Summary

The computed 12-month bankruptcy probability of E&C2 is 2.0% (moderate). For E&C2, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €77,554 and a net result of -€6,207. Equity is shrinking by ~6.3% per year across the filed fiscal years. The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability36=
Solvency31=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2021
Solvency, return and age of the figures
Solvency
5.7%
Return on assets
-0.5%
Age of the figures
57 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2022 close31-07-2023 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-09-2022, 58 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 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
58 d late
2020
31 d late
2019
104 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 64 days after 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

E&C2 was incorporated on 11 December 2006.1 Total assets went from EUR 1.4 million in 2018 to EUR 1.4 million in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
€77,554▼ 7.4%
2020 · €83,761
Total assets
€1.4m▼ 1.5%
2020 · €1.4m
Net result
-€6,207▼ 8.0%
2020 · -€5,748
Working capital
-€1.3m▼ 0.5%
2020 · -€1.3m
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
Line2018201920202021
Operating result-€2,373--€2,071▲ 12.7%-€2,288▼ 10.5%-€2,461▼ 7.6%
Net result-€4,365--€3,424▲ 21.6%-€5,748▼ 67.9%-€6,207▼ 8.0%
Equity€92,933-€89,509▼ 3.7%€83,761▼ 6.4%€77,554▼ 7.4%
Total assets€1.4m-€1.4m▼ 2.1%€1.4m▲ 1.5%€1.4m▼ 1.5%
Debt€1.3m-€1.3m▼ 2.0%€1.3m▲ 2.1%€1.3m▼ 1.1%
Working capital-€1.3m--€1.3m▼ 0.3%-€1.3m▼ 0.5%-€1.3m▼ 0.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€8,000-€6,000-€4,000-€2,000€0Operating result 2018: -€2,373-€2,373Net result 2018: -€4,365-€4,365Operating result 2019: -€2,071-€2,071Net result 2019: -€3,424-€3,424Operating result 2020: -€2,288-€2,288Net result 2020: -€5,748-€5,748Operating result 2021: -€2,461-€2,461Net result 2021: -€6,207-€6,2072018201920202021-€8,000-€6,000-€4,000-€2,000€0Operating result 2019: -€2,071-€2,070Net result 2019: -€3,424-€3,420Operating result 2020: -€2,288-€2,290Net result 2020: -€5,748-€5,750Operating result 2021: -€2,461-€2,460Net result 2021: -€6,207-€6,210201920202021
The operating result stays negative: a loss of €2,461 in 2021 against €2,288 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €1.4m
Equity €77,554 ▼ 7.4%
Debt €1.3m ▼ 1.1%
Debt's share of the balance-sheet total rises from 93.9% to 94.3%. Equity and debt are lower.
Key figures and ratios
2021 value · change against 2020
Current ratio
0.00▼
2020 · 0.02
Debt to equity
16.46
ROE
-8.0%▼
2020 · -6.9%
ROA
-0.5%▼
2020 · -0.4%
Debt ≤ 1 year
€1.3m▼
2020 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 34 lines
Balance sheet Code20202021
Assets
Total assets20/58€1.4m€1.4m▼
Formation expenses20€0€0=
Fixed assets21/28€1.4m€1.4m=
Financial fixed assets28€1.4m€1.4m=
Current assets29/58€20,224€0▼
Cash at bank and in hand54/58€20,224€0▼
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m▼
Equity10/15€83,761€77,554▼
Contributions10/11€61,500€61,500=
Capital10-€61,500
Issued capital100-€61,500
Reserves13€6,150€6,150=
Non-distributable reserves130/1-€6,150
Legal reserve130-€6,150
Profit (loss) carried forward14€16,111€9,904▼
Amounts payable17/49€1.3m€1.3m▼
Amounts payable within one year42/48€1.3m€1.3m▼
Financial debts43-€148,053
Credit institutions430/8-€148,053
Trade debts44€0€1,936▲
Suppliers440/4-€1,936
Other amounts payable47/48-€1.1m
Income statement Code20202021
Other operating charges640/8-€923
Gross operating margin9900-€1,186-€1,538▼
Operating profit (loss)9901-€2,288-€2,461▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B-€3,745
Recurring financial charges65€3,460€3,745▲
Profit (loss) for the period before taxes9903-€5,748-€6,207▼
Profit (loss) for the period9904-€5,748-€6,207▼
Profit (loss) for the period to be appropriated9905-€5,748-€6,207▼
Appropriation of the result
Profit (loss) to be appropriated9906-€9,904
Profit (loss) brought forward from the previous period14P-€16,111

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Other operating charges640/8---€923-
Gross operating margin9900-€1,452-€1,029-€1,186-€1,538▼ 29.7%
Operating profit (loss)9901-€2,373-€2,071-€2,288-€2,461▼ 7.6%
Financial income75/76B---€0-
Recurring financial income75---€0-
Financial charges65/66B---€3,745-
Recurring financial charges65€1,992€1,353€3,460€3,745▲ 8.3%
Profit (loss) for the period before taxes9903-€4,365-€3,424-€5,748-€6,207▼ 8.0%
Profit (loss) for the period9904-€4,365-€3,424-€5,748-€6,207▼ 8.0%
Profit (loss) for the period to be appropriated9905-€4,365-€3,424-€5,748-€6,207▼ 8.0%
Line2018201920202021Change
Assets
Total assets20/58€1.4m€1.4m€1.4m€1.4m▼ 1.5%
Formation expenses20€0€0€0€0-
Fixed assets21/28€1.4m€1.4m€1.4m€1.4m=
Financial fixed assets28€1.4m€1.4m€1.4m€1.4m=
Current assets29/58€29,122€0€20,224€0▼ 100%
Cash at bank and in hand54/58€29,122€0€20,224€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m€1.4m€1.4m▼ 1.5%
Equity10/15€92,933€89,509€83,761€77,554▼ 7.4%
Contributions10/11€61,500€61,500€61,500€61,500=
Capital10---€61,500-
Issued capital100---€61,500-
Reserves13€6,150€6,150€6,150€6,150=
Non-distributable reserves130/1---€6,150-
Legal reserve130---€6,150-
Profit (loss) carried forward14€25,283€21,859€16,111€9,904▼ 38.5%
Amounts payable17/49€1.3m€1.3m€1.3m€1.3m▼ 1.1%
Amounts payable after more than one year17€0----
Amounts payable within one year42/48€1.3m€1.3m€1.3m€1.3m▼ 1.1%
Financial debts43---€148,053-
Credit institutions430/8---€148,053-
Trade debts44€0€1,029€0€1,936-
Suppliers440/4---€1,936-
Other amounts payable47/48---€1.1m-
Line2018201920202021Change
Profit (loss) for the period9904-€4,365-€3,424-€5,748-€6,207▼ 8.0%
Operating cash flow (approximation)-€4,365-€3,424-€5,748-€6,207▼ 8.0%
Investment in fixed assets (approximation)-€0€0€0-
Change in cash--€29,122€20,223-€20,224▼ 200%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2022
27-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial Weakest financial yearnet -€6,207
Net result drops to -€6,207, the lowest in the series.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
12-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
30-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
28-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
27-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 27 days late
2014
30-09
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 61 days late
2013
27-09
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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, Malmedy · 1 establishment unit since 2006
seat establishment The establishment unit on the map
Ground area
2,275 m²
Building footprint
224 m²
Volume, LiDAR
1,647 m³
2 parcels, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
E&C2
Cokaifagne(SART) 71, 4845 JalhayNACE 65231
since 20062.261.712.079
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63068C0085/00G000 Wallonia 2,127 m² 1 · 150 m² 7.3 m · 2 fl.
63049C0536/00D000 Wallonia 148 m² 1 · 74 m² 11.6 m · 3 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.

Structure & network

Owners and holdings

3 holdings

Owners 0

The accounts to 31-12-2021 list no shareholders, and no other source names one.

Holdings 3

According to the 2021 annual accounts of E&C2 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded11-12-2006
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.