Equity
-€2.2m
Debts exceed assets in financial year 2024.
ECARSA SA
Lifetime
18 annual accounts with figures on one time axis, 19 filings since 2006peak €240,900 (2010)
-€2,119▼ €967
lowest -€1.1m (2015)
-€18,572▼ €9,014
peak €295,040 (2010)
-€2.2m▼ €18,572
€2.2m▲ 0.8%
peak 0.9 FTE (2007)
-not published
Board6 names since 2018
3 directorsPrinvest - B and 2 others
Owners4 names in the annual accounts
33.33%Prinvest - B and 2 others
Documentsfilings and deeds
29-08-202529 days late
2024financial year
Gross margin from -€1,152 to -€2,119Loss of €18,572Cash from €1,565 to €583
Key points
from the 2024 annual accountsChecked score
34
Weak
Financially stronger than 21% of micro companies without a NACE code
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.1% Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.5%▼ -0.1 percentage points vs 05-2025
07-2025: 1.6%▲ +0.1 percentage points vs 06-2025
08-2025: 1.9%▲ +0.3 percentage points vs 07-2025
09-2025: 1.0%▼ -0.9 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025lowest value
02-2026: 1.0%● unchanged vs 01-2026lowest value
03-2026: 1.1%▲ +0.1 percentage points vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 2.9%▲ +1.8 percentage points vs 04-2026
06-2026: 3.1%▲ +0.2 percentage points vs 05-2026
07-2026: 3.4%▲ +0.3 percentage points vs 06-2026
08-2026: 4.4%▲ +1.0 percentage point vs 07-2026
09-2026: 4.8%▲ +0.4 percentage points vs 08-2026
10-2026: 6.1%▲ +1.3 percentage points vs 09-2026highest value
11-2026: 6.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
No main activity registered
Figures for financial year 2024 (filed on 29-08-2025)
lowers risk
Size: total assets €583
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 (no NACE code, micro). It does better than 5% of them on solvency, 35% on liquidity, 4% on profitability and 42% on growth.
The bankruptcy probability was computed on 06-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 6,619 companies had the same profile as ECARSA SA has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ECARSA SA itself is higher: 6.1% within 12 months. It rests on far more data about ECARSA SA than the profile alone.
Test of the method
The method was tested on the 497,447 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 6,619 companies, not a prediction for ECARSA SA. 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
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€2.2m
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 99 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline07-11-2026 today
raises risk · 2024 accounts filed 29 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
29 days late
2023
71 days late
2022
28 days late
2021
39 days late
2020
74 days late
2019
21 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 6 accounts on average 44 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0873488364
Registered office moved from Yvoir to Namur
New registered office: Rue Joseph Saintraint 1, 5000 Namur · Previous registered office: CHANSIN DURNAI 33, 5530 Ývoir · Permanent representative: Filip Willems · General meeting of 01-12-2025 · Gazette deed
2 directors appointed, 3 resignations
Resignations: SA HOLDING VAN PELT, SA V.c. Crescendo Holding and SA Prinvest - B · Appointments: SA Agap Rental Services (director) and Patrick Stevens (director) · Permanent representative: Filip Willems · General meeting of 09-09-2025 · Gazette deed
1 director resigning, 3 reappointments
Reappointments: Prinvest-B SA, V.C. Crescendo Holding SA and Holding Van Pelt SA · Permanent representatives: Eric De Prins, Gert Van Cauwenbergh and Jozef Van Pelt · Resignation: Samoise Micheline (managing director) · General meeting of 21-12-2024 · Gazette deed
Official details
Source: KBO- Status
- Active since 26-04-2005Normal situation
- Registered office
- 84 active companies are registered at this address19 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.147.202.9855000 Namur, since 01-06-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on ECARSA SA
ECARSA SA has existed since 2005. In 2010 the gross margin rose from €36,970 to €240,900.
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 ECARSA SA
- What is the company number of ECARSA SA?
- The company number of ECARSA SA is 0873.488.364. The VAT number is the same number with BE in front: BE 0873.488.364.
- Where is ECARSA SA based?
- The registered office is at Rue Joseph Saintraint 1, 5000 Namur.Company details
- What is the legal form of ECARSA SA?
- ECARSA SA is a public limited company (NV).
- When was ECARSA SA founded?
- ECARSA SA was founded on 26-04-2005.
- Is ECARSA SA still active?
- Yes, ECARSA SA is an active enterprise in the KBO register.
- What is the turnover of ECARSA SA?
- The annual accounts for financial year 2024 state no turnover.Financials
- Is ECARSA SA profitable?
- In financial year 2024, ECARSA SA made a loss of €18,572.
- Where can I find the annual accounts of ECARSA SA?
- ECARSA SA filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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