ECG PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of ECG PROJECT is 1.7% (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 70% of 36375 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77=
Solvency90▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 2.8 against 2.54 in 2023; short-term debt: 35.3% and cash: 0.2% of total assets), and 35.4% of the assets are financed with debt.
Credit advice 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
59 d late
2023
29 d late
2022
41 d early
2021
41 d early
2020
43 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€29k▲ 8.2%
2023 · €26k
2018: €12k
2019: €32k
2020: €19k
2021: €28k
2022: €64k
2023: €26k
2018 → 2024
Working capital
€278k▲ 12.5%
2023 · €247k
2018: €102k
2019: €135k
2020: €150k
2021: €176k
2022: €230k
2023: €247k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€136k-€163k▲ 20.4%€227k▲ 39.1%€254k▲ 11.6%€282k▲ 11.2%
Operating result€34k-€45k▲ 33.5%€97k▲ 116%€43k▼ 55.4%€45k▲ 3.0%
Net result€19k-€28k▲ 49.2%€64k▲ 131%€26k▼ 58.8%€29k▲ 8.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 3% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €437k
Fixed assets
€5k ▼ 31.4%
Current assets
€432k ▲ 6.0%
Equity and liabilities €437k
Equity
€282k ▲ 11.2%
Debt
€154k ▼ 3.8%
Debt's share of the balance-sheet total falls from 38.8% to 35.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47k▲
2023 · €46k
Cash flow
€31k▲
2023 · €29k
Current ratio
2.80▲
2023 · 2.54
Debt to equity
0.55▼
2023 · 0.63
ROE
10.1%▼
2023 · 10.4%
ROA
6.5%▲
2023 · 6.4%
Interest coverage
20.97▲
2023 · 13.31
Debt ≤ 1 year
€154k▼
2023 · €161k
Income taxes
€14k▲
2023 · €14k
Staff costs
€96k▲
2023 · €52k
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 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€414k€437k▲
Fixed assets21/28€7k€5k▼
Tangible fixed assets22/27€3k€803▼
Plant, machinery and equipment23€1k€803▼
Furniture and vehicles24€2k-
Financial fixed assets28€4k€4k=
Current assets29/58€408k€432k▲
Amounts receivable within one year40/41€313k€431k▲
Trade receivables40€305k€398k▲
Other amounts receivable41€8k€33k▲
Cash at bank and in hand54/58€92k€682▼
Deferred charges and accrued income490/1€3k€273▼
Equity and liabilities
Total equity and liabilities10/49€414k€437k▲
Equity10/15€254k€282k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€246k€274k▲
Amounts payable17/49€161k€154k▼
Amounts payable within one year42/48€161k€154k▼
Financial debts43-€43k
Credit institutions430/8-€43k
Trade debts44€134k€88k▼
Suppliers440/4€134k€88k▼
Taxes, remuneration and social security45€26k€23k▼
Taxes450/3€15k€16k▲
Remuneration and social security454/9€11k€6k▼
Accrued charges and deferred income492/3-€200
Income statement
Code20232024
Remuneration, social security and pensions62€52k€96k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€102k€145k▲
Operating profit (loss)9901€43k€45k▲
Financial income75/76B€314-
Recurring financial income75€314-
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€40k€43k▲
Income taxes67/77€14k€14k▲
Profit (loss) for the period9904€26k€29k▲
Profit (loss) for the period to be appropriated9905€26k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€246k€274k▲
Profit (loss) brought forward from the previous period14P€219k€246k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €64k ▲131%
Operating result €97k, net result €64k, both a record.
31-12
Financial
Equity above €200kEq €227k ▲39.1%
5 profitable years in a row build equity to €227k.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €163k ▲20.4%
4 profitable years in a row build equity to €163k.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €100kEq €117k ▲36.8%
2 profitable years in a row build equity to €117k.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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 2011
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.
Jachtlaan 74A1040 EtterbeekGround area
87 m²
Building footprint
74 m²
Volume, LiDAR
975 m³
Parcel 21362B0054/00V006, Brussels · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Jachtlaan 74A, 1040 Etterbeek
since 20112.202.457.848
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0054/00V006 | Brussels | 87 m² | 1 · 73 m² | 15.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
Vermeulen Immo
BE 0421.369.780
Beveren-Kruibeke-Zwijndrecht · Eq €282,253
PNI Projects
BE 0727.955.108
Rijkevorsel · Eq €282,221
ALLISON CLOTURES
BE 0433.762.026
Ans · Eq €281,982
DC Projects & Developments
BE 0767.824.878
Gavere · Eq €282,597
TC BOUW
BE 0871.497.686
Maldegem · Eq €282,664
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,470 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
Founded02-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.