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E&C2

Active
Public limited companyfounded 2006active for 19 yearsRue Jules Steinbach 6, 4960 Malmedy, BelgiumKBO/BCE: BE 0885.565.161
Summary

The computed 12-month bankruptcy probability of E&C2 is 12.3% (high). 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 about 6.3% per year across the filed financial years. The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
“À la création, à la gestion, à la mise en valeur et à la…” (deed in French)
From the articles, 8 activitiesNo NACE code in the KBO yet1 site
Size
€1.4mtotal assets 2021
Equity
€77,554
Loss
-€6,207
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
12.3%
2021 figures too old to score
Structure
Holdings
3
2022 accounts not filed, 1187 days past the deadline1 of 3 deeds summarised
Signalsraises riskFigures for financial year 2021 (filed 27-09-2022)Liquidity: current ratio 0.00, cash €0, halved1 change of registered office in 24 monthsTwo or more financial years not filed2021 accounts filed 58 days latelowers riskSize: total assets €1.4mShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2021 · tick = 2020
Weak
Solvency 31=
equity 5.7% of total assets
Liquidity 0-2
short-term debt 94.3% · cash 0.0%
Profitability 36=
return on assets -0.5%
Bankruptcy probability, 12 months
12.3% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 8.6% 12-2024: 8.6%● unchanged vs 11-2024 01-2025: 8.6%● unchanged vs 12-2024lowest value 02-2025: 8.6%● unchanged vs 01-2025lowest value 03-2025: 8.8%▲ +0.2 percentage points vs 02-2025 04-2025: 13.3%▲ +4.5 percentage points vs 03-2025 05-2025: 13.3%● unchanged vs 04-2025 06-2025: 13.5%▲ +0.2 percentage points vs 05-2025highest value 07-2025: 13.5%● unchanged vs 06-2025highest value 08-2025: 12.7%▼ -0.8 percentage points vs 07-2025 09-2025: 12.7%● unchanged vs 08-2025 10-2025: 12.7%● unchanged vs 09-2025 11-2025: 12.5%▼ -0.2 percentage points vs 10-2025 12-2025: 12.5%● unchanged vs 11-2025 01-2026: 12.5%● unchanged vs 12-2025 02-2026: 12.5%● unchanged vs 01-2026 03-2026: 12.5%● unchanged vs 02-2026 04-2026: 12.5%● unchanged vs 03-2026 05-2026: 12.5%● unchanged vs 04-2026 06-2026: 12.5%● unchanged vs 05-2026 07-2026: 12.3%▼ -0.2 percentage points vs 06-2026 08-2026: 12.3%● unchanged vs 07-2026 09-2026: 12.3%● unchanged vs 08-2026 10-2026: 12.3%● unchanged vs 09-2026
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Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2021 (filed 27-09-2022)
NBB · annual accounts
lowers risk · Size: total assets €1.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.00, cash €0, halved
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
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 year end31-07-2023 deadline30-10-2026 today
raises risk · 2021 accounts filed 58 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
58 days late
2020
31 days late
2019
104 days 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.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: STEFFENS Jean, LIENNE Patrick and…Permanent representative: LIENNE Patrick ·…
  2. Annual accounts filedfinancial year 2021 · micro…
  3. Weakest financial yearnet -€6,207

Financials · financial year 2021, micro format

2022 annual accounts not yet filed, deadline passed on 31 July 2023 Financial year closed on 31 December 2022; filing due at the latest 7 months after the close (Companies Code art. 3:10). 4 financial years without a filing since the last one filed. Source: NBB filings, as of 30 October 2026.

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

2018 to 2021, 4 financial years 2018 to 2021, 4 financial years

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.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.002m 2021 Net result-€0.006m 2021

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021
Operating result-€0.002m--€0.002m▲ 12.7%-€0.002m▼ 10.5%-€0.002m▼ 7.6%
Net result-€0.004m--€0.003m▲ 21.6%-€0.006m▼ 67.9%-€0.006m▼ 8.0%
Equity€0.09m-€0.09m▼ 3.7%€0.08m▼ 6.4%€0.08m▼ 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 format does not require them.
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€0.02m€0▼
Cash at bank and in hand54/58€0.02m€0▼
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m▼
Equity10/15€0.08m€0.08m▼
Contributions10/11€0.06m€0.06m=
Capital10-€0.06m
Issued capital100-€0.06m
Reserves13€0.006m€0.006m=
Non-distributable reserves130/1-€0.006m
Legal reserve130-€0.006m
Profit (loss) carried forward14€0.02m€0.01m▼
Amounts payable17/49€1.3m€1.3m▼
Amounts payable within one year42/48€1.3m€1.3m▼
Financial debts43-€0.1m
Credit institutions430/8-€0.1m
Trade debts44€0€0.002m▲
Suppliers440/4-€0.002m
Other amounts payable47/48-€1.1m
Income statement Code20202021
Other operating charges640/8-€0.001m
Gross operating margin9900-€0.001m-€0.002m▼
Operating profit (loss)9901-€0.002m-€0.002m▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B-€0.004m
Recurring financial charges65€0.003m€0.004m▲
Profit (loss) for the period before taxes9903-€0.006m-€0.006m▼
Profit (loss) for the period9904-€0.006m-€0.006m▼
Profit (loss) for the period to be appropriated9905-€0.006m-€0.006m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.01m
Profit (loss) brought forward from the previous period14P-€0.02m

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€0.03m€0€0.02m€0▼ 100%
Cash at bank and in hand54/58€0.03m€0€0.02m€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m€1.4m€1.4m▼ 1.5%
Equity10/15€0.09m€0.09m€0.08m€0.08m▼ 7.4%
Contributions10/11€0.06m€0.06m€0.06m€0.06m=
Capital10---€0.06m-
Issued capital100---€0.06m-
Reserves13€0.006m€0.006m€0.006m€0.006m=
Non-distributable reserves130/1---€0.006m-
Legal reserve130---€0.006m-
Profit (loss) carried forward14€0.03m€0.02m€0.02m€0.01m▼ 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---€0.1m-
Credit institutions430/8---€0.1m-
Trade debts44€0€0.001m€0€0.002m-
Suppliers440/4---€0.002m-
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-

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

Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference
31-12-2021 micro format 27-09-2022 2022-20436452
31-12-2020 micro format 31-08-2021 2021-64400413
31-12-2019 micro format 12-11-2020 2020-70000101
31-12-2018 micro format 30-09-2019 2019-68100016
31-12-2017 micro format 28-08-2018 2018-52500550
31-12-2016 micro format 28-08-2017 2017-50000584
31-12-2015 full format 31-08-2016 2016-55100440
31-12-2014 full format 27-08-2015 2015-51300424
31-12-2013 full format 30-09-2014 2014-62200225
31-12-2012 full format 27-09-2013 2013-60300391

Show all 15 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
under verification
This board is reconstructed from a single act (25041546). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
LIENNE Patrick
Director (not named in the articles)
Current
MIGNON Patrick
Director (not named in the articles)
Current
STEFFENS Jean
Director (not named in the articles)
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
2 of this company's 3 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

3 people since 2025, 3 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
LIENNE Patrick
  • Director (not named in the articles), since before 28-03-2025
MIGNON Patrick
  • Director (not named in the articles), since before 28-03-2025
STEFFENS Jean
  • Director (not named in the articles), since before 28-03-2025
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 28-03-2025 Capital stated in the deed · €61,500 · 8,615 shares

Group and network

Holdings and subsidiaries

3 holdings

Holdings 3

Source for every holding own accounts 2021

  • AVENCOBIMsubsidiary
    Equity €174,858Result -€21,547
    100%
  • Equity €68,171Result -€5,508
    99.89%
  • SUBLIMOLUsubsidiary
    Equity €39,408Result -€7,048
    99.7%

According to the 2021 annual accounts of E&C2 and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

3 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

E&C2 was incorporated on 11 December 2006.1 The registered office was moved to Malmedy in 2025.2 Total assets went from €1.4m in 2018 to €1.4m in 2021.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 28-03-2025
  3. 3National Bank, annual accounts 2018 and 2021

Acts, filings and financial milestones

2025
28-03
Gazette deed Reappointments: STEFFENS Jean, LIENNE Patrick and MIGNON Patrick
Permanent representative: LIENNE Patrick · Approval · Registered-office move10 facts ▸
  • Director reappointment, STEFFENS Jean (director (not named in the articles))
  • Director reappointment, LIENNE Patrick (director (not named in the articles))
  • Director reappointment, MIGNON Patrick (director (not named in the articles))
  • Approval, “toutes les opérations signées par les administrateurs, assemblée générale ordinaire de 2021” (deed in French)
  • Permanent representative, LIENNE Patrick
  • Registered-office move, 4960 Malmedy, Rue Steinbach, 6
  • Power of attorney
  • General meeting, 26-02-2025
  • Amendment of the articles (2 times)
  • Capital, €61,500
2022
27-09
NBB filing Annual accounts filed
financial year 2021 · micro format · 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
financial year 2020 · micro format · 31 days late
2020
12-11
NBB filing Annual accounts filed
financial year 2019 · micro format · 104 days late
2019
30-09
NBB filing Annual accounts filed
financial year 2018 · micro format · 61 days late
2018
28-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 28 days late
2017
28-08
NBB filing Annual accounts filed
financial year 2016 · micro format · 28 days late
2016
31-08
NBB filing Annual accounts filed
financial year 2015 · full format · 31 days late
2015
27-08
NBB filing Annual accounts filed
financial year 2014 · full format · 27 days late
2014
30-09
NBB filing Annual accounts filed
financial year 2013 · full format · 61 days late
2013
27-09
NBB filing Annual accounts filed
financial year 2012 · full format · 58 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 15 annual accounts filed, the latest 10 are here; all 15 are under Financials.
1 of 3 deeds read
About the unread acts

Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

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Register details

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

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

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

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

Register as of 30 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Malmedy · 1 establishment unit since 2006
registered office establishment The establishment unit on the map
Ground area
2,275 m²
Building footprint
224 m²
Building volume
1,647 m³
2 parcels, Wallonia · tallest building 11.6 m. 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 JalhayActivities of holding companies
since 2006unit no. 2.261.712.079
2 parcels
Wallonia 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
63068C0085/00G000 Wallonia 2,127 m² 1 · 150 m² 7.3 m · 2
63049C0536/00D000 Wallonia 148 m² 1 · 74 m² 11.6 m · 3
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“À la création, à la gestion, à la mise en valeur et à la liquidation d'un portefeuille se composant de tous titres et brevets de toute…” (deed in French)
8 activities (deed in French)
  1. À la création, à la gestion, à la mise en valeur et à la liquidation d'un portefeuille se composant de tous titres et brevets de toute origine
  2. De participer à la création, au développement et au contrôle de toute entreprise
  3. D'acquérir par voie d'apport, de souscription, de prise ferme ou d'option d'achat et de toute autre manière, tous titres et brevets
  4. De les réaliser par voie de vente, de cession, d'échange ou autre
  5. D'accorder aux sociétés auxquelles elle s'intéresse, tous concours, avances, prêts ou garanties
  6. Réaliser l'achat, la construction, la vente, la location, la sous location et la gestion de tous biens immobiliers sis en Belgique ou à l'étranger
  7. Prendra toutes les mesures pour sauvegarder ses droits et fera toutes opérations généralement quelconques, qui se rattachent à son objet ou qui le favorisent
  8. Peut s'intéresser par toutes voies, dans toutes affaires, entreprises ou sociétés ayant un objet identique, analogue ou connexe ou qui sont de nature à favoriser le développement de son entreprise

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
E&C2
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne” (deed in French)

deed of 28-03-2025

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Six ans, 3” (deed in French)

deed of 28-03-2025

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Nominatives, actions” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Organe d'administration, autres actionnaires” (deed in French)

deed of 28-03-2025

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Friday of June at 16:00

deed of 28-03-2025

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

deed of 28-03-2025

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Mandant réputé présent, délibérations du conseil d'administration” (deed in French)
Other provision: “Ordre du jour et vote au conseil d'administration, si deux administrateurs, voix prépondérante cesse jusqu'à trois membres au moins” (deed in French)
Other provision: “Conseil d'administration électronique, société contrôle qualité et identité par le moyen utilisé” (deed in French)
Other provision: “Procès-verbaux du conseil d'administration, délégations,avis et votes donnés par écrit ou tout autre moyen ayant support matériel” (deed in French)
Other provision: “Pouvoirs du conseil d'administration, tous actes nécessaires ou utiles à réalisation objet” (deed in French)
Other provision: “Conseil détermine s'ils agissent seul ou conjointement, gestion journalière” (deed in French)
Other provision: “Rémunération des administrateurs, assemblée générale décide à chaque nomination si et mesure rémunération par indemnité fixe ou variable” (deed in French)
Other provision: “Nomination commissaires, lorsque loi l'exige” (deed in French)
Other provision: “Nominatifs, usufruitier et nu-propriétaire inscrits séparément avec indication de leurs droits” (deed in French)
Other provision: “Convocation du conseil d'administration, intérêt de la société” (deed in French)
2 more provisions in the deed, see the deed of 28-03-2025

deed of 28-03-2025