Equity
€36,016 from €82,866 in 2019
Equity fell by 57% in 6 years.
ECAP
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €55,809 (2009)
-€18,267▼ €51,064
lowest -€28,162 (2025)
-€28,162▼ €48,430
peak €82,866 (2019)
€36,016▼ 43.9%
€19,904▼ 51.1%
Board1 name since 2022
1 directorTEBINA Samir
Documentsfilings and deeds
10-07-202621 days before the deadline
2025micro format
Gross margin from €32,798 to -€18,267Loss of €28,162Equity from €64,179 to €36,016Debts from €40,684 to €19,904Cash from €69,834 to €35,144
Key points
from the 2025 annual accountsFilings
27 annual accounts since 1999
Seven of the last ten came late. The 2016 accounts came latest: 121 days after the end of the period.
Position in the sector
-€28,162
Lower net result than 91% of companies in wholesale trade. Sector median €5,606 · 13,813 companies.
Checked score
55
Fair
Financially stronger than 44% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: < 0.1%▼ -0.1 percentage points vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €28,162 (financial year 2025)
lowers risk
Liquidity: current ratio 2.67, cash €35,144
Size: total assets €55,921
Equity €36,016 (64.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 70% of them on solvency, 90% on liquidity, 6% on profitability and 11% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as ECAP has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ECAP itself is lower: 0.1% within 12 months. It rests on far more data about ECAP than the profile alone.
Test of the method
The method was tested on the 497,448 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.
| 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 5,831 companies, not a prediction for ECAP. 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.
Credit verdict
Credit of up to €1,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 2.67 (2.58 in 2024), above the usual 1.5. Short-term debt is 23.7% and cash 62.8% of total assets. 35.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 days early
2024
1 day early
2023
29 days late
2022
29 days late
2021
81 days late
2020
5 days early
2019
19 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 50 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0465689872
Change of role: TEBINA Samir, from manager to director
Director discharge: TEBINA Samir · General meeting of 18-12-2023 · Gazette deed
Registered office moved from Tournai to Manage
New registered office: rue Coron des Diales n°17, 7170 Manage (ex-Bellecourt) · Previous registered office: rue du Mont d'Or 8, 7540 Tournai · Board meeting of 20-10-2017 · Gazette deed
First establishment
ENGINEERING AND COMPUTER, Rue du Mont d'Or 8, Tournai
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ECAP Manage | €55,921 | -€18,267 | 64.4% | - |
| WILSON SERVICES Bernissart | €62,370 | -€4,798 | 85.0% | - |
| SILENT-AGE Forest | €51,923 | -€17,282 | 81.4% | - |
| KEYMA Zemst | €67,456 | -€1,224 | 90.8% | - |
| KIMAYCO Perwez | €56,748 | €1,190 | 90.7% | - |
| VIDEOFAC EUROPEAN TRAINING GROUP Charleroi | €45,393 | -€9,157 | 92.7% | - |
| INFORMATION TECHNOLOGY ASSOCIATES Brussels | €74,276 | -€865 | 19.1% | - |
These companies have the same main activity as ECAP: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €45,400 and €74,300, founded between 1987 and 2001.
Official details
Source: KBO- Status
- Active since 22-03-1999Normal situation
- Activity
- Agents in non-specialised wholesale tradeNACE 46190
- Establishment unit
- 2.103.142.2217540 Tournai, since 19-04-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Annual accounts 2025
- €55,921▼ 46.7%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on ECAP
ECAP files the micro format. That format states no turnover. The gross margin fell from €29,418 in 2006 to -€18,267 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ECAP
- What is the company number of ECAP?
- The company number of ECAP is 0465.689.872. The VAT number is the same number with BE in front: BE 0465.689.872.
- Where is ECAP based?
- The registered office is at Coron des Diales 17, 7170 Manage.Company details
- What does ECAP do?
- According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
- What is the legal form of ECAP?
- ECAP is a private limited company (BV).
- When was ECAP founded?
- ECAP was founded on 22-03-1999.
- Is ECAP still active?
- Yes, ECAP is an active enterprise in the KBO register.
- What is the turnover of ECAP?
- The annual accounts for financial year 2025 state no turnover. In financial year 2021 turnover was €117,666.Financials
- Is ECAP profitable?
- In financial year 2025, ECAP made a loss of €28,162.
- Where can I find the annual accounts of ECAP?
- ECAP filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ECAP due?
- ECAP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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