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Generated 08-08-2026
Active BE 0552.844.372Private limited company

ECF & ASSOCIÉS

Gelijkheidstraat 8 ·1040 Etterbeek, Belgium· 12 yrs active
Sector: Specialised construction (43211)
Conclusion Checked

The computed 12-month bankruptcy probability of ECF & ASSOCIÉS is 1.8% (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 63% of 496 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €165k
Net result €13k
Staff (FTE) 5.7
Better than sector 63%
Snowflake analysis 5 axes · computed by Checked
Health87Profitability40Solvency86Growth52Stability100
73 / 100

Strong profile, led by stability.

Health 87
Profitability 40
Solvency 86
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
1.8% Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Established
Founded in 2014, 12 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
87 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 29-06-2025 with the NBB · fiscal year 2024 · volledig
€-50k€0€50k€100k€150kRevenue 2020: €0€0Operating result 2020: €22k€22kNet result 2020: €148k€148kOperating result 2021: €35k€35kNet result 2021: €26k€26kOperating result 2022: €10k€10kNet result 2022: €10k€10kOperating result 2023: €-21k€-21kNet result 2023: €-16k€-16kOperating result 2024: €14k€14kNet result 2024: €13k€13k20202021202220232024
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 7 fiscal years (±2.1%/year).
€120k€140k€160k€180k€200k€220k2025: €169k (€153k - €185k)2026: €172k (€147k - €198k)2027: €176k (€141k - €211k)2018: €134k2019: €149k2020: €170k2021: €170k2022: €164k2023: €153k2024: €165k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 45.3% 36.6%
better than 63% of 496 sector peers
Net result €13k €19k
better than 43% of 494 sector peers
Equity €165k €90k
better than 62% of 496 sector peers
Gross operating margin €279k €110k
better than 68% of 465 sector peers
Staff costs €236k €148k
higher than 60% of 328 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€0
- 18-24
EBITDA
€37k
+148.2% +26% vs sector
Net profit
€13k
- +22% vs sector
Cash flow
€37k
+82.7% +62% vs sector
Total assets
€364k
+40.9% +187% vs sector
Equity
€165k
+8.0% +165% vs sector
Working capital
€130k
+10.7% +186% vs sector
Employees (FTE)
6
+16.3% 18-24
Staff costs
€236k
+15.5% far above sector median
Income taxes
€2k
+737.8% -13% vs sector
Dividends
€26k
- -10% vs sector
Debt
€199k
+88.4% +255% vs sector
Debt ≤ 1y
€158k
+99.9% +297% vs sector
Debt > 1y
€42k
+54.8% +138% vs sector
Current ratio
1.83
-26.7% -29% vs sector
Quick ratio
1.64
-22.5% -36% vs sector
Solvency
45.3%
-23.3% -18% vs sector
Debt / equity
1.21
+74.5% +48% vs sector
ROE
8.0%
- -55% vs sector
ROA
3.6%
- -9% vs sector
Interest coverage
9.23
-25.5% -64% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€37k
Net profit€13k
Cash flow€37k
Staff costs€236k
Income taxes€2k
Dividends-
Total assets€364k
Equity€165k
Debt€199k
of which ≤ 1y€158k
of which > 1y€42k
Working capital€130k
Employees (FTE)5.7
Ratios (computed)
2024
Current ratio1.83
Quick ratio1.64
Working capital ratio35.7%
Solvency45.3%
Debt / equity1.21
Long-term debt ratio0.25
Interest coverage9.23
Gross margin-
Net margin-
ROA3.6%
ROE8.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€364k
Fixed assets 21/28€77k
Formation expenses 20€0
Intangible fixed assets 21€0
Tangible fixed assets 22/27€77k
Current assets 29/58€288k
Stocks & contracts in progress 3€30k
Amounts receivable within one year 40/41€197k
Investments 50/53€0
Cash & bank 54/58€43k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€364k
Equity 10/15€165k
Contributions / capital 10/11€20k
Reserves 13€2k
Accumulated profits (losses) 14€139k
Amounts payable 17/49€199k
Amounts payable after one year 17€42k
Amounts payable within one year 42/48€158k
Trade debts payable within one year 44€110k
Income statement
Gross operating margin 9900€279k
Operating result 9901€14k
Financial income 75€8k
Financial charges 65€4k
Result before taxes 9903€16k
Income taxes 67/77€2k
Net result for the period 9904€13k
Result to be appropriated 9905€13k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Specialised construction(43211)
Legal form Private limited company(610)
Incorporation21-05-2014
StatusActive
Postal code1040
Establishment units 1 location
Robert Dalechamplaan 3, 1200 Sint-Lambrechts-Woluwe
Distributie van elektriciteit
since 20142.231.363.155
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.
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.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
29-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2024
31-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
17-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
26-09-2022
State Gazette act Capital & shares
28-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
27-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
18-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
10-09-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
06-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
31-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
30-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
Belgisch Staatsblad, acts 1 acts
Capital history · 1
26-09-2022
Capital change
All acts · 1 updated 3 years ago
2022
26-09-2022 All shares are now held by a single shareholder Capital & shares
Technical details 
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    "kbo": "0552.844.372",
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Handel in elektriciteit35140Handel in elektriciteit35150
Primary activity highlighted.
Names & trade names
Legal nameFR ECF & ASSOCIÉS
Registered office
Gelijkheidstraat 8
1040 Etterbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative