EC CONSULT
ActiveSummary
EC CONSULT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €603,635 and a net result of €93,016. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 72% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▼-1
Solvency100▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.51 against 1.93 in 2023; short-term debt: 21.4% and cash: 5% of total assets), and 22.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
77.3%
Return on assets
11.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
6 d early
2022
6 d early
2021
4 d early
2020
11 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 11 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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 2024, micro schema
Equity
€603,635▲ 18.2%
2023 · €510,618
Total assets
€780,613▼ 8.1%
2023 · €849,634
Net result
€93,016▼ 17.5%
2023 · €112,746
Working capital
€251,350▲ 1.0%
2023 · €248,979
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€54,151-€140,253▲ 159%€161,202▲ 14.9%€153,244▼ 4.9%€144,062▼ 6.0%
Net result€39,900within the sector's middle half-€97,594above the sector's middle half▲ 145%€123,123above the sector's middle half▲ 26.2%€112,746above the sector's middle half▼ 8.4%€93,016above the sector's middle half▼ 17.5%
Equity€289,900above the sector's middle half-€387,495above the sector's middle half▲ 33.7%€510,618above the sector's middle half▲ 31.8%€510,618above the sector's middle half=€603,635above the sector's middle half▲ 18.2%
Total assets€300,900within the sector's middle half-€692,334above the sector's middle half▲ 130%€779,320above the sector's middle half▲ 12.6%€849,634above the sector's middle half▲ 9.0%€780,613above the sector's middle half▼ 8.1%
Debt€11,000-€304,840▲ 2,671%€268,701▼ 11.9%€339,016▲ 26.2%€176,978▼ 47.8%
Working capital€251,106above the sector's middle half-€245,496above the sector's middle half▼ 2.2%€296,673above the sector's middle half▲ 20.8%€248,979above the sector's middle half▼ 16.1%€251,350above the sector's middle half▲ 1.0%
Solvency96.3%above the sector's middle half-56.0%within the sector's middle half▼ 40.4pp65.5%within the sector's middle half▲ 9.6pp60.1%within the sector's middle half▼ 5.4pp77.3%within the sector's middle half▲ 17.2pp
Current ratio23.83above the sector's middle half-3.00within the sector's middle half▼ 20.833.02within the sector's middle half▲ 0.021.93within the sector's middle half▼ 1.092.51within the sector's middle half▲ 0.58
Return on assets (ROA)13.3%within the sector's middle half-14.1%within the sector's middle half▲ 0.8pp15.8%within the sector's middle half▲ 1.7pp13.3%within the sector's middle half▼ 2.5pp11.9%within the sector's middle half▼ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 6% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €780,613
Fixed assets
€362,581 ▲ 8.8%
Current assets
€418,032 ▼ 19.1%
Equity and liabilities €780,613
Equity
€603,635 ▲ 18.2%
Debt
€176,978 ▼ 47.8%
Debt's share of the balance-sheet total falls from 39.9% to 22.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€168,933▼
2023 · €180,231
Cash flow
€117,887▼
2023 · €139,733
Debt to equity
0.29▼
2023 · 0.66
ROE
15.4%▼
2023 · 22.1%
Interest coverage
20.81▼
2023 · 76.17
Debt ≤ 1 year
€166,682▼
2023 · €267,541
Debt > 1 year
€10,267▼
2023 · €71,475
Income taxes
€56,425▲
2023 · €38,132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,778 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7,141 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,867 | €57,069 | €21,371 | €26,987 | €24,871 | ▼ 7.8% |
| Other operating charges640/8 | - | €3,196 | €2,307 | €3,143 | €2,718 | ▼ 13.5% |
| Gross operating margin9900 | €58,863 | €200,518 | €184,880 | €183,374 | €171,650 | ▼ 6.4% |
| Operating profit (loss)9901 | €54,151 | €140,253 | €161,202 | €153,244 | €144,062 | ▼ 6.0% |
| Financial income75/76B | - | €77 | €751 | €0 | €13,496 | ▲ 16,870,063% |
| Recurring financial income75 | - | €77 | €751 | €0 | €13,496 | ▲ 16,870,063% |
| Financial charges65/66B | - | €3,099 | €2,504 | €2,366 | €8,117 | ▲ 243% |
| Recurring financial charges65 | €147 | €3,099 | €2,504 | €2,366 | €8,117 | ▲ 243% |
| Profit (loss) for the period before taxes9903 | €54,005 | €137,231 | €159,449 | €150,878 | €149,441 | ▼ 1.0% |
| Income taxes67/77 | €14,104 | €39,637 | €36,326 | €38,132 | €56,425 | ▲ 48.0% |
| Profit (loss) for the period9904 | €39,900 | €97,594 | €123,123 | €112,746 | €93,016 | ▼ 17.5% |
| Profit (loss) for the period to be appropriated9905 | €39,900 | €97,594 | €123,123 | €112,746 | €93,016 | ▼ 17.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €300,900 | €692,334 | €779,320 | €849,634 | €780,613 | ▼ 8.1% |
| Fixed assets21/28 | €38,794 | €323,964 | €335,918 | €333,114 | €362,581 | ▲ 8.8% |
| Tangible fixed assets22/27 | €38,794 | €323,964 | €335,918 | €333,114 | €362,581 | ▲ 8.8% |
| Land and buildings22 | - | €311,239 | €324,701 | €310,453 | €316,819 | ▲ 2.1% |
| Plant, machinery and equipment23 | - | €2,360 | €1,754 | €7,634 | €14,197 | ▲ 86.0% |
| Furniture and vehicles24 | - | €10,366 | €9,462 | €15,026 | €31,565 | ▲ 110% |
| Current assets29/58 | €262,106 | €368,370 | €443,402 | €516,520 | €418,032 | ▼ 19.1% |
| Amounts receivable within one year40/41 | €1,274 | €6,057 | €20,069 | €30,790 | €26,017 | ▼ 15.5% |
| Trade receivables40 | - | - | - | €22,022 | €23,272 | ▲ 5.7% |
| Other amounts receivable41 | - | €6,057 | €20,069 | €8,768 | €2,745 | ▼ 68.7% |
| Current investments50/53 | - | - | - | €450,000 | €350,000 | ▼ 22.2% |
| Cash at bank and in hand54/58 | €260,832 | €362,313 | €423,333 | €32,756 | €39,381 | ▲ 20.2% |
| Deferred charges and accrued income490/1 | - | - | - | €2,974 | €2,635 | ▼ 11.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €300,900 | €692,334 | €779,320 | €849,634 | €780,613 | ▼ 8.1% |
| Equity10/15 | €289,900 | €387,495 | €510,618 | €510,618 | €603,635 | ▲ 18.2% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | - | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Issued capital100 | - | €250,000 | €250,000 | €250,000 | €1.0m | ▲ 300% |
| Uncalled capital101 | - | - | - | - | €750,000 | - |
| Reserves13 | €39,900 | €137,495 | €260,618 | €260,618 | €353,635 | ▲ 35.7% |
| Non-distributable reserves130/1 | - | €7,500 | €18,693 | €18,693 | €35,000 | ▲ 87.2% |
| Legal reserve130 | - | €7,500 | €18,693 | €18,693 | €35,000 | ▲ 87.2% |
| Distributable reserves133 | - | €129,995 | €241,925 | €241,925 | €318,635 | ▲ 31.7% |
| Amounts payable17/49 | €11,000 | €304,840 | €268,701 | €339,016 | €176,978 | ▼ 47.8% |
| Amounts payable after more than one year17 | - | €181,965 | €121,973 | €71,475 | €10,267 | ▼ 85.6% |
| Financial debts170/4 | - | €181,965 | €121,973 | €71,475 | €10,267 | ▼ 85.6% |
| Amounts payable within one year42/48 | €11,000 | €122,874 | €146,729 | €267,541 | €166,682 | ▼ 37.7% |
| Current portion of amounts payable after more than one year42 | - | €59,340 | €59,993 | - | €61,208 | - |
| Financial debts43 | - | - | - | €60,542 | - | - |
| Credit institutions430/8 | - | - | - | €60,542 | - | - |
| Trade debts44 | €722 | €7,488 | €17,912 | €490 | €1,737 | ▲ 254% |
| Suppliers440/4 | - | €7,488 | €17,912 | €490 | €1,737 | ▲ 254% |
| Taxes, remuneration and social security45 | - | €56,046 | €68,824 | €93,768 | €45,777 | ▼ 51.2% |
| Taxes450/3 | - | €56,046 | €68,824 | €92,768 | €45,777 | ▼ 50.7% |
| Remuneration and social security454/9 | - | - | - | €1,000 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €112,741 | €57,959 | ▼ 48.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €30 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,900 | €97,594 | €123,123 | €112,746 | €93,016 | ▼ 17.5% |
| + Depreciation and write-downs630 | €3,867 | €57,069 | €21,371 | €26,987 | €24,871 | ▼ 7.8% |
| Operating cash flow (approximation) | €43,767 | €154,663 | €144,495 | €139,733 | €117,887 | ▼ 15.6% |
| Investment in fixed assets (approximation) | - | -€342,239 | -€33,325 | -€24,183 | -€54,338 | ▼ 125% |
| Change in cash | - | €101,481 | €61,020 | -€390,577 | €6,625 | ▲ 102% |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €123,123 ▲26.2%
Operating result €161,202, net result €123,123, both a record.
31-12
Financial
Equity above €500,000Eq €510,618 ▲31.8%
3 profitable years in a row build equity to €510,618.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Mechelen · 1 establishment unit since 2019
Ground area
500 m²
Building footprint
142 m²
Volume, LiDAR
813 m³
Parcel 12404F0243/00G000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EC CONSULT
since 20192.297.287.325
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404F0243/00G000 | Flanders | 500 m² | 1 · 142 m² | 10.7 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
DECS
BE 0679.885.569
Ukkel · Eq €603,600
COTTONIC
BE 0862.369.986
Wommelgem · Eq €603,515
EXOPLANETS RESEARCH
BE 0799.564.664
Ottignies-Louvain-la-Neuve · Eq €603,756
PM INVESTMENT
BE 0829.392.362
Lille · Eq €603,853
ERALO
BE 0420.008.317
Brasschaat · Eq €603,386
Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 33,057 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0739756939
Also
9925:BE0739756939
Registered
23-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.