ECAP
ActiveSummary
The annual accounts of ECAP for fiscal year 2025 show a net loss of 50% of total assets. The 2025 annual accounts show equity of €36k and a net result of €-28k. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 11389 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-93
Solvency89▲+3
Growth55▼-17
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.67 against 2.58 in 2024; short-term debt: 23.7% and cash: 62.8% of total assets), and 35.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
64.4%
Return on assets
-50.4%
Age of the figures
9 mo
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 d early
2024
1 d early
2023
29 d late
2022
29 d late
2021
81 d late
2020
5 d early
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€118k▲ 113%
2020 · €55k
2018: €63k
2019: €89k▲ +41.5% vs 2018
2020: €55k▼ -38.2% vs 2019lowest in 4 years
2021: €118k▲ +113% vs 2020highest in 4 years
2018 → 2021
EBIT margin
29.7%▲ 50.6pp
2020 · -20.9%
2018: -16.6%
2019: 19.8%▲ +219% vs 2018
2020: -20.9%▼ -206% vs 2019lowest in 4 years
2021: 29.7%▲ +242% vs 2020highest in 4 years
2018 → 2021
Net result
€-28k
2024 · €20k
2018: €-12k
2019: €13k▲ +205% vs 2018
2020: €-12k▼ -195% vs 2019
2021: €28k▲ +333% vs 2020highest in 8 years
2022: €-7k▼ -125% vs 2021
2023: €6k▲ +192% vs 2022
2024: €20k▲ +212% vs 2023
2025: €-28k▼ -239% vs 2024lowest in 8 years
2018 → 2025
Working capital
€22k▼ 53.1%
2024 · €47k
2018: €64k
2019: €79k▲ +23.9% vs 2018highest in 8 years
2020: €69k▼ -12.5% vs 2019
2021: €75k▲ +8.1% vs 2020
2022: €64k▼ -15.4% vs 2021
2023: €56k▼ -11.8% vs 2022
2024: €47k▼ -15.8% vs 2023
2025: €22k▼ -53.1% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€118k-
Equity€74k-€67k▼ 9.6%€59k▼ 11.7%€64k▲ 8.9%€36k▼ 43.9%
2021: €74khighest in 5 years
2022: €67k▼ -9.6% vs 2021
2023: €59k▼ -11.7% vs 2022
2024: €64k▲ +8.9% vs 2023
2025: €36k▼ -43.9% vs 2024lowest in 5 years
Operating result€35k-€-7k€8k€27k▲ 260%€-27k
2021: €35khighest in 5 years
2022: €-7k▼ -119% vs 2021
2023: €8k▲ +216% vs 2022
2024: €27k▲ +260% vs 2023
2025: €-27k▼ -200% vs 2024lowest in 5 years
Net result€28k-€-7k€6k€20k▲ 212%€-28k
2021: €28khighest in 5 years
2022: €-7k▼ -125% vs 2021
2023: €6k▲ +192% vs 2022
2024: €20k▲ +212% vs 2023
2025: €-28k▼ -239% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €27k after €27k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56k
Fixed assets
€21k ▼ 26.3%
Current assets
€35k ▼ 54.0%
Equity and liabilities €56k
Equity
€36k ▼ 43.9%
Debt
€20k ▼ 51.1%
Debt's share of the balance-sheet total falls from 38.8% to 35.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-20k▼
2024 · €32k
Cash flow
€-21k▼
2024 · €25k
Current ratio
2.67▲
2024 · 2.58
Debt to equity
0.55▼
2024 · 0.63
ROE
-78.2%▼
2024 · 31.6%
ROA
-50.4%▼
2024 · 19.3%
Interest coverage
-23.69▼
2024 · 54.36
Debt ≤ 1 year
€13k▼
2024 · €30k
Debt > 1 year
€7k▼
2024 · €11k
Income taxes
€573▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€105k€56k▼
Fixed assets21/28€28k€21k▼
Tangible fixed assets22/27€25k€18k▼
Furniture and vehicles24€25k€18k▼
Financial fixed assets28€3k€3k=
Current assets29/58€77k€35k▼
Amounts receivable within one year40/41€6k€253▼
Trade receivables40€124€124=
Other amounts receivable41€5k€129▼
Cash at bank and in hand54/58€70k€35k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€105k€56k▼
Equity10/15€64k€36k▼
Profit (loss) carried forward14€64k€36k▼
Amounts payable17/49€41k€20k▼
Amounts payable after more than one year17€11k€7k▼
Financial debts170/4€11k€7k▼
Amounts payable within one year42/48€30k€13k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€3k€907▼
Suppliers440/4€3k€907▼
Taxes, remuneration and social security45€13k€7k▼
Taxes450/3€13k€7k▼
Remuneration and social security454/9€8€8=
Other amounts payable47/48€11k€931▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€7k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€33k€-18k▼
Operating profit (loss)9901€27k€-27k▼
Financial income75/76B€428€528▲
Recurring financial income75€428€528▲
Financial charges65/66B€583€843▲
Recurring financial charges65€583€843▲
Profit (loss) for the period before taxes9903€27k€-28k▼
Income taxes67/77€7k€573▼
Profit (loss) for the period9904€20k€-28k▼
Profit (loss) for the period to be appropriated9905€20k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€79k€36k▼
Profit (loss) brought forward from the previous period14P€59k€64k▲
Profit to be distributed694/7€15k-
Return on contributions (dividend)694€15k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €118k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €74k | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €268 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €239 | €234 | €4k | €7k | ▲ 69.8% |
| Other operating charges640/8 | €696 | €1k | €1k | €1k | €2k | ▲ 51.1% |
| Gross operating margin9900 | €44k | €-5k | €9k | €33k | €-18k | ▼ 156% |
| Operating profit (loss)9901 | €35k | €-7k | €8k | €27k | €-27k | ▼ 200% |
| Financial income75/76B | - | - | €349 | €428 | €528 | ▲ 23.2% |
| Recurring financial income75 | - | - | €349 | €428 | €528 | ▲ 23.2% |
| Financial charges65/66B | €225 | €167 | €113 | €583 | €843 | ▲ 44.6% |
| Recurring financial charges65 | €225 | €167 | €113 | €583 | €843 | ▲ 44.6% |
| Profit (loss) for the period before taxes9903 | €35k | €-7k | €8k | €27k | €-28k | ▼ 201% |
| Income taxes67/77 | €7k | €313 | €1k | €7k | €573 | ▼ 91.7% |
| Profit (loss) for the period9904 | €28k | €-7k | €6k | €20k | €-28k | ▼ 239% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €28k | €-7k | €6k | €20k | €-28k | ▼ 239% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €118k | €83k | €66k | €105k | €56k | ▼ 46.7% |
| Fixed assets21/28 | €3k | €3k | €3k | €28k | €21k | ▼ 26.3% |
| Tangible fixed assets22/27 | €472 | €234 | - | €25k | €18k | ▼ 29.3% |
| Furniture and vehicles24 | €472 | €234 | - | €25k | €18k | ▼ 29.3% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €115k | €80k | €63k | €77k | €35k | ▼ 54.0% |
| Amounts receivable within one year40/41 | €30k | €43k | €12k | €6k | €253 | ▼ 95.5% |
| Trade receivables40 | €10k | €24k | €6k | €124 | €124 | = |
| Other amounts receivable41 | €19k | €19k | €6k | €5k | €129 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €82k | €33k | €49k | €70k | €35k | ▼ 49.7% |
| Deferred charges and accrued income490/1 | €3k | €3k | €2k | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €118k | €83k | €66k | €105k | €56k | ▼ 46.7% |
| Equity10/15 | €74k | €67k | €59k | €64k | €36k | ▼ 43.9% |
| Contributions10/11 | €12k | €12k | - | - | - | - |
| Reserves13 | €2k | €2k | - | - | - | - |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Profit (loss) carried forward14 | €59k | €52k | €59k | €64k | €36k | ▼ 43.9% |
| Amounts payable17/49 | €45k | €16k | €7k | €41k | €20k | ▼ 51.1% |
| Amounts payable after more than one year17 | €5k | - | - | €11k | €7k | ▼ 38.8% |
| Financial debts170/4 | €5k | - | - | €11k | €7k | ▼ 38.8% |
| Amounts payable within one year42/48 | €40k | €16k | €7k | €30k | €13k | ▼ 55.5% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | - | €4k | €4k | ▲ 4.1% |
| Financial debts43 | - | €221 | - | - | - | - |
| Credit institutions430/8 | - | €221 | - | - | - | - |
| Trade debts44 | €1k | €2k | €5k | €3k | €907 | ▼ 67.0% |
| Suppliers440/4 | €1k | €2k | €5k | €3k | €907 | ▼ 67.0% |
| Taxes, remuneration and social security45 | €16k | €9k | €2k | €13k | €7k | ▼ 42.4% |
| Taxes450/3 | €16k | €9k | €2k | €13k | €7k | ▼ 42.4% |
| Remuneration and social security454/9 | €4 | €4 | €5 | €8 | €8 | = |
| Other amounts payable47/48 | €18k | - | - | €11k | €931 | ▼ 91.1% |
| Accrued charges and deferred income492/3 | - | - | €37 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €-7k | €6k | €20k | €-28k | ▼ 239% |
| + Depreciation and write-downs630 | €8k | €239 | €234 | €4k | €7k | ▲ 69.8% |
| Operating cash flow (approximation) | €36k | €-7k | €7k | €25k | €-21k | ▼ 185% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-29k | €0 | ▲ 100% |
| Change in cash | - | €-49k | €16k | €21k | €-35k | ▼ 269% |
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 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 81 days late
2021
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 56 days late
2018
26-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 26 days late
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Manage · 1 establishment unit since 1999
Ground area
1,258 m²
Building footprint
198 m²
Volume, LiDAR
1,216 m³
2 parcels, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ENGINEERING AND COMPUTER
since 19992.103.142.221
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57042B0269/00C002 | Wallonia | 1,014 m² | 1 · 122 m² | 7.4 m · 2 fl. |
| 52004A0296/00S000 | Wallonia | 244 m² | 1 · 77 m² | 9.2 m · 2 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.
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ABD ALIMENTS
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NIROX
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 1,853 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
Founded22-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.