ECAROS
ActiveSummary
ECAROS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123,065 and a net result of -€52,145. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 93% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-46
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 9.3 against 12.54 in 2024; short-term debt: 10.6% and cash: 2.6% of total assets), and 10.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 →
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
89.4%
Return on assets
-37.9%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
1 d early
2021
40 d early
2020
45 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€123,065▼ 29.8%
2024 · €175,210
Total assets
€137,715▼ 27.6%
2024 · €190,335
Net result
-€52,145
2024 · €39
Working capital
€121,535▼ 29.8%
2024 · €173,213
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result€50,858▲ 29.6%€88,805▲ 74.6%€32,698▼ 63.2%€404▼ 98.8%-€51,927
Net result€40,308above the sector's middle half▲ 22.7%€69,379above the sector's middle half▲ 72.1%€23,872above the sector's middle half▼ 65.6%€39within the sector's middle half▼ 99.8%-€52,145below the sector's middle half
Equity€81,920within the sector's middle half▲ 96.9%€151,300above the sector's middle half▲ 84.7%€175,171above the sector's middle half▲ 15.8%€175,210above the sector's middle half=€123,065within the sector's middle half▼ 29.8%
Total assets€102,694within the sector's middle half▲ 76.0%€197,020within the sector's middle half▲ 91.9%€220,448within the sector's middle half▲ 11.9%€190,335within the sector's middle half▼ 13.7%€137,715within the sector's middle half▼ 27.6%
Debt€20,773▲ 24.2%€45,720▲ 120%€45,276▼ 1.0%€15,124▼ 66.6%€14,650▼ 3.1%
Working capital€81,920▲ 94.9%€151,300▲ 84.7%€172,508▲ 14.0%€173,213▲ 0.4%€121,535▼ 29.8%
Solvency79.8%above the sector's middle half▲ 8.4pp76.8%above the sector's middle half▼ 3.0pp79.5%above the sector's middle half▲ 2.7pp92.1%above the sector's middle half▲ 12.6pp89.4%above the sector's middle half▼ 2.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 turns negative in 2025: a loss of €51,927 after €404 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137,715
Fixed assets
€1,531 ▼ 27.5%
Current assets
€136,185 ▼ 27.6%
Equity and liabilities €137,715
Equity
€123,065 ▼ 29.8%
Debt
€14,650 ▼ 3.1%
Debt's share of the balance-sheet total rises from 7.9% to 10.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€51,345▼
2024 · €986
Cash flow
-€51,563▼
2024 · €621
Current ratio
9.30▼
2024 · 12.54
Quick ratio
5.09▼
2024 · 7.86
Debt to equity
0.12▲
2024 · 0.09
ROE
-42.4%▼
2024 · 0.0%
ROA
-37.9%▼
2024 · 0.0%
Interest coverage
-239.34▼
2024 · 3.24
Debt ≤ 1 year
€14,650▼
2024 · €15,009
Income taxes
€5▼
2024 · €70
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 3,597 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €215 | €582 | €582 | = |
| Other operating charges640/8 | - | €459 | €460 | €669 | €519 | ▼ 22.4% |
| Gross operating margin9900 | €52,241 | €89,264 | €33,373 | €1,655 | -€50,826 | ▼ 3,172% |
| Operating profit (loss)9901 | €50,858 | €88,805 | €32,698 | €404 | -€51,927 | ▼ 12,963% |
| Financial income75/76B | - | €91 | €502 | €9 | €1 | ▼ 90.6% |
| Recurring financial income75 | €0 | €91 | €502 | €9 | €1 | ▼ 90.6% |
| Financial charges65/66B | - | €699 | €723 | €304 | €215 | ▼ 29.4% |
| Recurring financial charges65 | €481 | €699 | €723 | €304 | €215 | ▼ 29.4% |
| Profit (loss) for the period before taxes9903 | €50,377 | €88,197 | €32,477 | €109 | -€52,140 | ▼ 48,116% |
| Income taxes67/77 | €10,069 | €18,818 | €8,605 | €70 | €5 | ▼ 93.3% |
| Profit (loss) for the period9904 | €40,308 | €69,379 | €23,872 | €39 | -€52,145 | ▼ 133,566% |
| Profit (loss) for the period to be appropriated9905 | €40,308 | €69,379 | €23,872 | €39 | -€52,145 | ▼ 133,566% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102,694 | €197,020 | €220,448 | €190,335 | €137,715 | ▼ 27.6% |
| Fixed assets21/28 | - | - | €2,695 | €2,113 | €1,531 | ▼ 27.5% |
| Tangible fixed assets22/27 | - | - | €2,695 | €2,113 | €1,531 | ▼ 27.5% |
| Furniture and vehicles24 | - | - | €2,695 | €2,113 | €1,531 | ▼ 27.5% |
| Current assets29/58 | €102,694 | €197,020 | €217,753 | €188,222 | €136,185 | ▼ 27.6% |
| Stocks and contracts in progress3 | €32,304 | €112,532 | €120,873 | €70,249 | €61,656 | ▼ 12.2% |
| Stocks30/36 | - | €112,532 | €120,873 | €70,249 | €61,656 | ▼ 12.2% |
| Amounts receivable within one year40/41 | €27,370 | €53,988 | €75,915 | €114,858 | €70,915 | ▼ 38.3% |
| Trade receivables40 | - | €48,931 | €63,045 | €114,197 | €69,969 | ▼ 38.7% |
| Other amounts receivable41 | - | €5,057 | €12,869 | €662 | €946 | ▲ 43.0% |
| Cash at bank and in hand54/58 | €42,936 | €30,383 | €19,629 | €1,816 | €3,561 | ▲ 96.1% |
| Deferred charges and accrued income490/1 | - | €117 | €1,336 | €1,299 | €53 | ▼ 96.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102,694 | €197,020 | €220,448 | €190,335 | €137,715 | ▼ 27.6% |
| Equity10/15 | €81,920 | €151,300 | €175,171 | €175,210 | €123,065 | ▼ 29.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €63,320 | €132,700 | €156,571 | €156,610 | €104,465 | ▼ 33.3% |
| Non-distributable reserves130/1 | - | €1,151 | €1,151 | - | - | - |
| Reserves not available under the articles1311 | - | €1,151 | €1,151 | - | - | - |
| Distributable reserves133 | - | €131,549 | €155,421 | €156,610 | €104,465 | ▼ 33.3% |
| Profit (loss) carried forward14 | -€9,850 | - | - | - | - | - |
| Amounts payable17/49 | €20,773 | €45,720 | €45,276 | €15,124 | €14,650 | ▼ 3.1% |
| Amounts payable within one year42/48 | €20,773 | €45,720 | €45,245 | €15,009 | €14,650 | ▼ 2.4% |
| Trade debts44 | €9,604 | €6,902 | €17,822 | €13,920 | €13,630 | ▼ 2.1% |
| Suppliers440/4 | - | €6,902 | €17,822 | €13,920 | €13,630 | ▼ 2.1% |
| Advances received on contracts in progress46 | - | - | - | €657 | €657 | = |
| Taxes, remuneration and social security45 | - | €18,818 | €27,423 | €70 | - | - |
| Taxes450/3 | - | €18,818 | €27,423 | €70 | - | - |
| Other amounts payable47/48 | - | €20,000 | - | €363 | €363 | = |
| Accrued charges and deferred income492/3 | - | - | €31 | €115 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,308 | €69,379 | €23,872 | €39 | -€52,145 | ▼ 133,566% |
| + Depreciation and write-downs630 | - | - | €215 | €582 | €582 | = |
| Operating cash flow (approximation) | €40,308 | €69,379 | €24,087 | €621 | -€51,563 | ▼ 8,402% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | -€12,553 | -€10,754 | -€17,813 | €1,745 | ▲ 110% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€52,145
Net result drops to -€52,145, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity triplescurrent ratio 12.54
Current ratio from 4.81 to 12.54; short-term debt falls from €45,245 to €15,009.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €69,379 ▲72.1%
Operating result €88,805, net result €69,379, both a record.
30-06
Financial
Equity above €150,000Eq €151,300 ▲84.7%
3 profitable years in a row build equity to €151,300.
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Back to profitnet €32,862
Net result €32,862 after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 3.58
Current ratio from 1.30 to 3.58; short-term debt falls from €29,325 to €16,300.
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Roeselare · 1 establishment unit since 2018
Ground area
1.3 ha
Building footprint
3,344 m²
Volume, LiDAR
25,259 m³
Parcel 36505C0234/00P000, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
ECAROS
since 20182.275.077.986
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505C0234/00P000 | Flanders | 1.3 ha | 1 · 3,344 m² | 9.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 3,504 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 3,504 EUR |
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Of 765 companies in sector 47552 we hold annual accounts for 444. 367 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
Founded10-04-2018
Fiscal year end30-06
Activities, NACEBEL 2025
47552Retail sale of lighting equipment
46471Wholesale trade
46474Wholesale trade
46643Wholesale of electrical equipment, including installation materials
47540Retail sale of electrical household appliances
47551Retail sale of household furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0694602548
Registered
05-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.