EC CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of EC CONCEPT is 1.7% (moderate). The 2026 annual accounts show equity of €145,519 and a net result of €72,902. Equity is growing by ~60.6% per year across the filed fiscal years. Its solvency ranks better than 49% of 217 sector peers (fiscal year 2026). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability90▲+2
Solvency59▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.94 in 2025; short-term debt: 51.4% and cash: 16.7% of total assets), and 66.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
33.8%
Return on assets
16.9%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 31-07-2026, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2026
31 d early
2025
3 d early
2024
2 d early
2023
62 d early
2022
62 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 32 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€145,519▲ 57.2%
2025 · €92,574
Total assets
€430,417▲ 39.1%
2025 · €309,441
Net result
€72,902▲ 53.7%
2025 · €47,430
Working capital
-€20,784▼ 138%
2025 · -€8,745
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
Line20222023202420252026
Operating result€16,814-€13,193▼ 21.5%€27,222▲ 106%€80,907▲ 197%€110,484▲ 36.6%
Net result€12,121-€7,836▼ 35.3%€15,187▲ 93.8%€47,430▲ 212%€72,902▲ 53.7%
Equity€22,121-€29,957▲ 35.4%€45,144▲ 50.7%€92,574▲ 105%€145,519▲ 57.2%
Total assets€191,805-€215,630▲ 12.4%€247,659▲ 14.9%€309,441▲ 24.9%€430,417▲ 39.1%
Debt€169,684-€185,673▲ 9.4%€202,515▲ 9.1%€216,867▲ 7.1%€284,898▲ 31.4%
Working capital-€24,491--€38,284▼ 56.3%-€47,175▼ 23.2%-€8,745▲ 81.5%-€20,784▼ 138%
Staff (FTE)1.5-2.1▲ 40.0%2▼ 4.8%2.7▲ 35.0%6.3▲ 133%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed three years in a row; 2026 is 37% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €430,417
Fixed assets
€229,989 ▲ 34.8%
Current assets
€200,428 ▲ 44.3%
Equity and liabilities €430,417
Equity
€145,519 ▲ 57.2%
Debt
€284,898 ▲ 31.4%
Debt's share of the balance-sheet total falls from 70.1% to 66.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€143,171▲
2025 · €108,781
Cash flow
€105,589▲
2025 · €75,304
Current ratio
0.91▼
2025 · 0.94
Quick ratio
0.46▼
2025 · 0.51
Debt to equity
1.96▼
2025 · 2.34
ROE
50.1%▼
2025 · 51.2%
ROA
16.9%▲
2025 · 15.3%
Interest coverage
17.81▲
2025 · 15.07
Debt ≤ 1 year
€221,212▲
2025 · €147,624
Debt > 1 year
€60,370▼
2025 · €69,089
Income taxes
€29,915▲
2025 · €26,841
Staff costs
€164,557▲
2025 · €92,935
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €53,114 | €81,047 | €82,855 | €92,935 | €164,557 | ▲ 77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,276 | €19,479 | €29,720 | €27,874 | €32,687 | ▲ 17.3% |
| Other operating charges640/8 | €472 | €2,654 | €548 | €1,533 | €4,575 | ▲ 198% |
| Gross operating margin9900 | €82,676 | €116,374 | €140,345 | €203,249 | €312,303 | ▲ 53.7% |
| Operating profit (loss)9901 | €16,814 | €13,193 | €27,222 | €80,907 | €110,484 | ▲ 36.6% |
| Financial income75/76B | €58 | €102 | €209 | €581 | €373 | ▼ 35.9% |
| Recurring financial income75 | €58 | €102 | €209 | €581 | €373 | ▼ 35.9% |
| Financial charges65/66B | €1,415 | €3,266 | €6,149 | €7,218 | €8,040 | ▲ 11.4% |
| Recurring financial charges65 | €1,415 | €3,266 | €6,149 | €7,218 | €8,040 | ▲ 11.4% |
| Profit (loss) for the period before taxes9903 | €15,457 | €10,030 | €21,281 | €74,270 | €102,817 | ▲ 38.4% |
| Income taxes67/77 | €3,337 | €2,194 | €6,094 | €26,841 | €29,915 | ▲ 11.5% |
| Profit (loss) for the period9904 | €12,121 | €7,836 | €15,187 | €47,430 | €72,902 | ▲ 53.7% |
| Profit (loss) for the period to be appropriated9905 | €12,121 | €7,836 | €15,187 | €47,430 | €72,902 | ▲ 53.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €191,805 | €215,630 | €247,659 | €309,441 | €430,417 | ▲ 39.1% |
| Fixed assets21/28 | €120,977 | €143,319 | €190,135 | €170,562 | €229,989 | ▲ 34.8% |
| Intangible fixed assets21 | €83,837 | €78,654 | €68,495 | €58,337 | €48,324 | ▼ 17.2% |
| Tangible fixed assets22/27 | €37,140 | €64,665 | €121,639 | €112,226 | €181,665 | ▲ 61.9% |
| Land and buildings22 | €13,299 | €51,310 | €115,269 | €106,604 | €99,416 | ▼ 6.7% |
| Plant, machinery and equipment23 | €5,178 | €2,475 | €1,893 | €1,311 | €1,799 | ▲ 37.2% |
| Furniture and vehicles24 | €18,663 | €10,880 | €4,478 | €2,050 | €10,093 | ▲ 392% |
| Other tangible fixed assets26 | - | - | - | - | €58,075 | - |
| Assets under construction and advance payments27 | - | - | - | €2,261 | €12,283 | ▲ 443% |
| Current assets29/58 | €70,828 | €72,311 | €57,525 | €138,878 | €200,428 | ▲ 44.3% |
| Stocks and contracts in progress3 | €43,068 | €41,124 | €45,565 | €63,536 | €98,453 | ▲ 55.0% |
| Stocks30/36 | €43,068 | €41,124 | €45,565 | €63,536 | €98,453 | ▲ 55.0% |
| Amounts receivable within one year40/41 | €452 | €0 | €1,853 | €0 | €22,879 | - |
| Trade receivables40 | €452 | €0 | €334 | €0 | €341 | - |
| Other amounts receivable41 | - | - | €1,519 | €0 | €22,538 | - |
| Cash at bank and in hand54/58 | €25,626 | €26,917 | €5,618 | €69,944 | €72,080 | ▲ 3.1% |
| Deferred charges and accrued income490/1 | €1,682 | €4,269 | €4,489 | €5,398 | €7,015 | ▲ 30.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €191,805 | €215,630 | €247,659 | €309,441 | €430,417 | ▲ 39.1% |
| Equity10/15 | €22,121 | €29,957 | €45,144 | €92,574 | €145,519 | ▲ 57.2% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | €7,836 | €23,023 | €70,453 | €135,519 | ▲ 92.4% |
| Distributable reserves133 | - | €7,836 | €23,023 | €70,453 | €135,519 | ▲ 92.4% |
| Profit (loss) carried forward14 | €12,121 | €12,121 | €12,121 | €12,121 | €0 | ▼ 100% |
| Amounts payable17/49 | €169,684 | €185,673 | €202,515 | €216,867 | €284,898 | ▲ 31.4% |
| Amounts payable after more than one year17 | €73,907 | €74,616 | €97,361 | €69,089 | €60,370 | ▼ 12.6% |
| Financial debts170/4 | €73,907 | €74,616 | €97,361 | €69,089 | €60,370 | ▼ 12.6% |
| Amounts payable within one year42/48 | €95,319 | €110,594 | €104,700 | €147,624 | €221,212 | ▲ 49.8% |
| Current portion of amounts payable after more than one year42 | €12,114 | €25,238 | €27,734 | €30,415 | €47,234 | ▲ 55.3% |
| Trade debts44 | €27,554 | €29,417 | €31,030 | €35,114 | €50,376 | ▲ 43.5% |
| Suppliers440/4 | €27,554 | €29,417 | €31,030 | €35,114 | €50,376 | ▲ 43.5% |
| Advances received on contracts in progress46 | - | - | - | €11,364 | €30,142 | ▲ 165% |
| Taxes, remuneration and social security45 | €13,642 | €20,366 | €18,998 | €47,351 | €69,528 | ▲ 46.8% |
| Taxes450/3 | €5,432 | €6,684 | €4,685 | €29,936 | €43,076 | ▲ 43.9% |
| Remuneration and social security454/9 | €8,210 | €13,683 | €14,313 | €17,415 | €26,452 | ▲ 51.9% |
| Other amounts payable47/48 | €42,009 | €35,573 | €26,937 | €23,381 | €23,932 | ▲ 2.4% |
| Accrued charges and deferred income492/3 | €458 | €462 | €455 | €154 | €3,316 | ▲ 2,051% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,121 | €7,836 | €15,187 | €47,430 | €72,902 | ▲ 53.7% |
| + Depreciation and write-downs630 | €12,276 | €19,479 | €29,720 | €27,874 | €32,687 | ▲ 17.3% |
| Operating cash flow (approximation) | €24,397 | €27,316 | €44,907 | €75,304 | €105,589 | ▲ 40.2% |
| Investment in fixed assets (approximation) | - | -€41,821 | -€76,536 | -€8,302 | -€92,114 | ▼ 1,010% |
| Change in cash | - | €1,291 | -€21,300 | €64,327 | €2,136 | ▼ 96.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-01
Financial
Highest result since 2022net €72,902 ▲53.7%
Operating result €110,484, net result €72,902, both a record.
31-01
Financial
Equity above €100,000Eq €145,519 ▲57.2%
5 profitable years in a row build equity to €145,519.
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-01
Financial
Weakest financial yearnet €7,836 ▼35.3%
Net result drops to €7,836, the lowest in the series; recovery starts the following year.
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Welkenraedt · 1 establishment unit since 2021
Ground area
162 m²
Building footprint
23 m²
Volume, LiDAR
128 m³
Parcel 63032E0252/00A002, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EC CONCEPT
since 20212.317.898.340
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63032E0252/00A002 | Wallonia | 162 m² | 1 · 23 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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CONSTANZ
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ONGI CEREMONIE
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HEVIC
BE 0717.621.836
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Of 2,215 companies in sector 47711 we hold annual accounts for 887. 681 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-05-2021
Fiscal year end31-01
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47750Retail sale of cosmetics and toilet articles
47722Retail trade
82990Other business support services
96220Beauty care and other beauty treatments
Contact
Scores and ratios are computed by Checked and are not a credit decision.