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Generated 27-07-2026
Active BE 0838.982.593Private limited company

ECG PROJECT

Jachtlaan 74A ·1040 Etterbeek, Belgium· 14 yrs active
Sector: Specialised construction (43990)
Conclusion Checked

The computed 12-month bankruptcy probability of ECG PROJECT is 1.6% (moderate). The 2024 annual accounts show equity of €282k and a net result of €29k. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 11070 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €282k
Net result €29k
Staff (FTE) 2
Better than sector 77%
Snowflake analysis 5 axes · computed by Checked
Health100Profitability51Solvency100Growth52Stability100
81 / 100

Exceptional profile, strong across almost every axis.

Health 100
Profitability 51
Solvency 100
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
1.6% 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 2011, 14 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
100 / 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 28-09-2025 with the NBB · fiscal year 2024 · micro
€0€50k€100k€150kOperating result 2020: €34k€34kNet result 2020: €128k€128kOperating result 2021: €45k€45kNet result 2021: €28k€28kOperating result 2022: €97k€97kNet result 2022: €64k€64kOperating result 2023: €43k€43kNet result 2023: €26k€26kOperating result 2024: €45k€45kNet result 2024: €29k€29k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~20.2%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€100k€200k€300k€400k2025: €315k (€293k - €338k)2026: €348k (€326k - €371k)2027: €381k (€359k - €404k)2018: €86k2019: €117k2020: €136k2021: €163k2022: €227k2023: €254k2024: €282k2018201920202021202220232024202520262027
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 (micro schema)
Metric This company Sector median Position in the sector
Solvency 64.6% 40.9%
better than 77% of 11070 sector peers
Net result €29k €11k
better than 73% of 11052 sector peers
Equity €282k €34k
better than 95% of 11073 sector peers
Gross operating margin €145k €35k
better than 89% of 11043 sector peers
Staff costs €96k €25k
higher than 83% of 4029 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€47k
+1.6% far above sector median
Net profit
€29k
+8.2% far above sector median
Cash flow
€31k
+5.5% +244% vs sector
Total assets
€437k
+5.4% -46% vs sector
Equity
€282k
+11.2% +45% vs sector
Working capital
€278k
+12.5% far above sector median
Employees (FTE)
2
0.0% -94% vs sector
Staff costs
€96k
+83.8% -94% vs sector
Income taxes
€14k
+0.5% far above sector median
Debt
€154k
-3.8% -73% vs sector
Debt ≤ 1y
€154k
-4.0% -67% vs sector
Current ratio
2.80
+10.4% +112% vs sector
Quick ratio
2.80
+10.4% +154% vs sector
Solvency
64.6%
+5.5% +127% vs sector
Debt / equity
0.55
-13.6% -78% vs sector
ROE
10.1%
-2.7% far above sector median
ROA
6.5%
+2.7% far above sector median
Interest coverage
20.97
+57.6% +139% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€47k
Net profit€29k
Cash flow€31k
Staff costs€96k
Income taxes€14k
Dividends-
Total assets€437k
Equity€282k
Debt€154k
of which ≤ 1y€154k
of which > 1y-
Working capital€278k
Employees (FTE)2.0
Ratios (computed)
2024
Current ratio2.80
Quick ratio2.80
Working capital ratio63.7%
Solvency64.6%
Debt / equity0.55
Long-term debt ratio-
Interest coverage20.97
Gross margin-
Net margin-
ROA6.5%
ROE10.1%
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€437k
Fixed assets 21/28€5k
Tangible fixed assets 22/27€803
Financial fixed assets 28€4k
Current assets 29/58€432k
Amounts receivable within one year 40/41€431k
Cash & bank 54/58€682
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€437k
Equity 10/15€282k
Contributions / capital 10/11€6k
Reserves 13€2k
Accumulated profits (losses) 14€274k
Amounts payable 17/49€154k
Amounts payable within one year 42/48€154k
Trade debts payable within one year 44€88k
Income statement
Gross operating margin 9900€145k
Operating result 9901€45k
Financial charges 65€2k
Result before taxes 9903€43k
Income taxes 67/77€14k
Net result for the period 9904€29k
Result to be appropriated 9905€29k
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(43990)
Legal form Private limited company(610)
Incorporation02-09-2011
StatusActive
Postal code1040
Establishment units 1 location
Jachtlaan 74A, 1040 Etterbeek
Houwen, bewerken en afwerken van natuursteen
since 20112.202.457.848
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 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21362B0054/00V006 Brussels 87 m² 1 · 73 m² 15.9 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 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
28-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
29-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
29-08-2024
State Gazette act Director changes
Antoine de LAME
2023
20-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
20-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
18-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
25-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
01-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
11-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
29-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
30-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2024
29-08-2024 CONSTANTINIU George Cristian reappointed as director Director changes·Antoine de LAME
  • CONSTANTINIU George Cristian, Bestuurder
Notary: Antoine de LAME · Molenbeek-Saint-JeanFirm: Jean-Pierre BERTHET et Antoine de LAME, Notaires associés
Technical details 
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  "act_meta": {
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  "co_filed_documents": [
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Schoonheidsverzorging96022Schoonheidsverzorging en andere schoonheidsbehandelingen96220
Primary activity highlighted.
Names & trade names
Legal nameFR ECG PROJECT
Registered office
Jachtlaan 74A
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