ECF & ASSOCIÉS
ActiveSummary
The computed 12-month bankruptcy probability of ECF & ASSOCIÉS is 1.9% (moderate). The 2024 annual accounts show equity of €165k and a net result of €13k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 57% of 3549 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▲+12
Solvency70▼-14
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 2.49 in 2023; short-term debt: 43.2% and cash: 11.9% of total assets), but 54.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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 29-06-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
32 d early
2023
31 d late
2022
14 d early
2021
33 d early
2020
27 d late
2019
18 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€13k
2023 · €-16k
2018: €28k
2019: €16k
2020: €21k
2021: €26k
2022: €10k
2023: €-16k
2018 → 2024
Working capital
€130k▲ 10.7%
2023 · €118k
2018: €94k
2019: €96k
2020: €105k
2021: €106k
2022: €120k
2023: €118k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0-
Equity€170k-€170k=€164k▼ 3.5%€153k▼ 7.0%€165k▲ 8.0%
Operating result€22k-€35k▲ 55.4%€10k▼ 71.7%€-21k€14k
Net result€21k-€26k▲ 24.5%€10k▼ 62.6%€-16k€13k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €14k after a loss of €21k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €364k
Fixed assets
€77k ▲ 23.2%
Current assets
€288k ▲ 46.5%
Equity and liabilities €364k
Equity
€165k ▲ 8.0%
Debt
€199k ▲ 88.4%
Debt's share of the balance-sheet total rises from 40.9% to 54.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37k▲
2023 · €15k
Cash flow
€37k▲
2023 · €20k
Current ratio
1.83▼
2023 · 2.49
Quick ratio
1.64▼
2023 · 2.11
Debt to equity
1.21▲
2023 · 0.69
ROE
8.0%▲
2023 · -10.7%
ROA
3.6%▲
2023 · -6.4%
Interest coverage
9.23▼
2023 · 12.39
Debt ≤ 1 year
€158k▲
2023 · €79k
Debt > 1 year
€42k▲
2023 · €27k
Income taxes
€2k▲
2023 · €296
Staff costs
€236k▲
2023 · €204k
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 · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€259k€364k▲
Formation expenses20€0€0=
Fixed assets21/28€62k€77k▲
Intangible fixed assets21€9k€0▼
Tangible fixed assets22/27€53k€77k▲
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€45k€45k▲
Other tangible fixed assets26-€26k
Current assets29/58€196k€288k▲
Amounts receivable after more than one year29€0-
Stocks and contracts in progress3€30k€30k=
Stocks30/36€30k€30k=
Amounts receivable within one year40/41€63k€197k▲
Trade receivables40€55k€175k▲
Other amounts receivable41€8k€22k▲
Current investments50/53€0€0=
Cash at bank and in hand54/58€96k€43k▼
Deferred charges and accrued income490/1€7k€18k▲
Equity and liabilities
Total equity and liabilities10/49€259k€364k▲
Equity10/15€153k€165k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€126k€139k▲
Investment grants15€5k€4k▼
Amounts payable17/49€106k€199k▲
Amounts payable after more than one year17€27k€42k▲
Financial debts170/4€27k€42k▲
Amounts payable within one year42/48€79k€158k▲
Current portion of amounts payable after more than one year42€10k€13k▲
Trade debts44€50k€110k▲
Suppliers440/4€50k€110k▲
Taxes, remuneration and social security45€14k€24k▲
Taxes450/3€291€2k▲
Remuneration and social security454/9€14k€22k▲
Other amounts payable47/48€5k€10k▲
Income statement
Code20232024
Remuneration, social security and pensions62€204k€236k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€23k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€1k€4k▲
Gross operating margin9900€222k€279k▲
Operating profit (loss)9901€-21k€14k▲
Financial income75/76B€7k€8k▲
Recurring financial income75€6k€8k▲
Non-recurring financial income76B€413€0▼
Financial charges65/66B€1k€6k▲
Recurring financial charges65€1k€4k▲
Non-recurring financial charges66B-€2k
Profit (loss) for the period before taxes9903€-16k€16k▲
Income taxes67/77€296€2k▲
Profit (loss) for the period9904€-16k€13k▲
Profit (loss) for the period to be appropriated9905€-16k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€126k€139k▲
Profit (loss) brought forward from the previous period14P€142k€126k▼
Social balance
Average headcount (FTE)90874.95.7▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-16k ▼266%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €150kEq €170k ▲14.3%
3 profitable years in a row build equity to €170k.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 41 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Etterbeek · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gelijkheidstraat 81040 EtterbeekGround area
299 m²
Building footprint
138 m²
Volume, LiDAR
1,346 m³
2 parcels, Brussels · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Robert Dalechamplaan 3, 1200 Sint-Lambrechts-Woluwe
since 20142.231.363.155
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0373/00H003 | Brussels | 179 m² | 1 · 71 m² | 13.5 m · 4 fl. |
| 21673D0087/00X016 | Brussels | 119 m² | 1 · 67 m² | 15.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
Danco Systems
BE 0674.785.250
Ramillies · Eq €165,215
LI-TECH
BE 0780.691.533
Lede · Eq €165,194
Jans-Elek
BE 0732.623.083
Hasselt · Eq €165,191
VV-Technics
BE 0775.847.570
Houthulst · Eq €165,097
Cuypers Poortautomatisaties
BE 0835.459.416
Dessel · Eq €165,352
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,523 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
35150Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@ecf-associes.be
Phone:02/733 41 85
Fax:02/734 59 10