ECHAFÖZ
ActiveSummary
The computed 12-month bankruptcy probability of ECHAFÖZ is 2.9% (moderate). The 2024 annual accounts show equity of €86,446 and a net result of €10,460. Equity is growing by ~34.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 36377 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-10
Solvency34▼-2
Growth68▼-17
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.69 against 0.7 in 2023; short-term debt: 34% and cash: 4.5% of total assets), and 90.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
9.5%
Return on assets
1.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 36377 sector peers (2024).
NBB · sector comparisonPosition among 36377 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
117 d late
2022
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 73 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€791,345▲ 43.9%
2023 · €549,965
EBIT margin
6.0%▼ 5.9pp
2023 · 11.9%
Net result
€10,460▼ 74.7%
2023 · €41,295
Working capital
-€95,592▼ 41.1%
2023 · -€67,732
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Turnover€214,552-€549,965▲ 156%€791,345▲ 43.9%
Operating result€31,684-€65,332▲ 106%€47,602▼ 27.1%
Net result€29,691-€41,295▲ 39.1%€10,460▼ 74.7%
EBIT margin14.8%-11.9%▼ 2.9pp6.0%▼ 5.9pp
Equity€34,691-€75,986▲ 119%€86,446▲ 13.8%
Total assets€332,875-€693,803▲ 108%€911,017▲ 31.3%
Debt€298,184-€617,817▲ 107%€824,571▲ 33.5%
Working capital-€62,432--€67,732▼ 8.5%-€95,592▼ 41.1%
Staff (FTE)2.3-5.8▲ 152%6.3▲ 8.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 27% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €911,017
Fixed assets
€697,124 ▲ 29.6%
Current assets
€213,893 ▲ 37.1%
Equity and liabilities €911,017
Equity
€86,446 ▲ 13.8%
Debt
€824,571 ▲ 33.5%
Debt's share of the balance-sheet total rises from 89.0% to 90.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€187,867▲
2023 · €138,347
Cash flow
€150,726▲
2023 · €114,310
Current ratio
0.69▼
2023 · 0.70
Debt to equity
9.54▲
2023 · 8.13
ROE
12.1%▼
2023 · 54.3%
ROA
1.1%▼
2023 · 6.0%
Interest coverage
4.69▼
2023 · 5.83
Debt ≤ 1 year
€309,484▲
2023 · €223,699
Debt > 1 year
€515,086▲
2023 · €394,118
Staff costs
€331,110▲
2023 · €245,345
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | €214,552 | €549,965 | €791,345 | ▲ 43.9% |
| Non-recurring operating income76A | €18,625 | €1,084 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €111,000 | €227,511 | €340,497 | ▲ 49.7% |
| Remuneration, social security and pensions62 | €94,535 | €245,345 | €331,110 | ▲ 35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,715 | €73,015 | €140,266 | ▲ 92.1% |
| Other operating charges640/8 | €759 | €1,474 | €2,105 | ▲ 42.7% |
| Non-recurring operating charges66A | €0 | - | - | - |
| Gross operating margin9900 | €144,694 | €385,166 | €521,082 | ▲ 35.3% |
| Operating profit (loss)9901 | €31,684 | €65,332 | €47,602 | ▼ 27.1% |
| Financial income75/76B | €3,860 | €1,136 | €3,581 | ▲ 215% |
| Recurring financial income75 | €3,860 | €1,136 | €2,612 | ▲ 130% |
| Non-recurring financial income76B | €3,860 | - | €969 | - |
| Financial charges65/66B | €5,853 | €23,996 | €40,723 | ▲ 69.7% |
| Recurring financial charges65 | €4,595 | €23,745 | €40,048 | ▲ 68.7% |
| Non-recurring financial charges66B | €1,258 | €251 | €674 | ▲ 169% |
| Profit (loss) for the period before taxes9903 | €29,691 | €42,471 | €10,460 | ▼ 75.4% |
| Income taxes67/77 | - | €1,177 | - | - |
| Profit (loss) for the period9904 | €29,691 | €41,295 | €10,460 | ▼ 74.7% |
| Profit (loss) for the period to be appropriated9905 | €29,691 | €41,295 | €10,460 | ▼ 74.7% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €332,875 | €693,803 | €911,017 | ▲ 31.3% |
| Fixed assets21/28 | €269,825 | €537,836 | €697,124 | ▲ 29.6% |
| Tangible fixed assets22/27 | €269,825 | €537,836 | €697,124 | ▲ 29.6% |
| Land and buildings22 | €103,237 | €125,696 | €119,483 | ▼ 4.9% |
| Plant, machinery and equipment23 | €45,886 | €314,976 | €492,601 | ▲ 56.4% |
| Furniture and vehicles24 | €43,820 | €37,838 | €43,269 | ▲ 14.4% |
| Leasing and similar rights25 | €76,881 | €59,326 | €41,771 | ▼ 29.6% |
| Current assets29/58 | €63,050 | €155,967 | €213,893 | ▲ 37.1% |
| Stocks and contracts in progress3 | - | €0 | - | - |
| Stocks30/36 | - | €0 | - | - |
| Amounts receivable within one year40/41 | €32,099 | €119,366 | €170,190 | ▲ 42.6% |
| Trade receivables40 | €32,099 | €76,396 | €126,966 | ▲ 66.2% |
| Other amounts receivable41 | €0 | €42,970 | €43,224 | ▲ 0.6% |
| Cash at bank and in hand54/58 | €30,952 | €30,482 | €40,808 | ▲ 33.9% |
| Deferred charges and accrued income490/1 | - | €6,119 | €2,894 | ▼ 52.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €332,875 | €693,803 | €911,017 | ▲ 31.3% |
| Equity10/15 | €34,691 | €75,986 | €86,446 | ▲ 13.8% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €29,691 | €70,986 | €81,446 | ▲ 14.7% |
| Amounts payable17/49 | €298,184 | €617,817 | €824,571 | ▲ 33.5% |
| Amounts payable after more than one year17 | €172,624 | €394,118 | €515,086 | ▲ 30.7% |
| Financial debts170/4 | €172,624 | €394,118 | €515,086 | ▲ 30.7% |
| Amounts payable within one year42/48 | €125,482 | €223,699 | €309,484 | ▲ 38.3% |
| Current portion of amounts payable after more than one year42 | €35,042 | €85,062 | €135,801 | ▲ 59.6% |
| Trade debts44 | €48,040 | €96,968 | €124,423 | ▲ 28.3% |
| Suppliers440/4 | €48,040 | €96,968 | €124,423 | ▲ 28.3% |
| Taxes, remuneration and social security45 | €23,563 | €41,669 | €49,260 | ▲ 18.2% |
| Taxes450/3 | €5,718 | €25,391 | €27,904 | ▲ 9.9% |
| Remuneration and social security454/9 | €17,845 | €16,278 | €21,356 | ▲ 31.2% |
| Other amounts payable47/48 | €18,838 | €0 | €0 | - |
| Accrued charges and deferred income492/3 | €78 | - | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,691 | €41,295 | €10,460 | ▼ 74.7% |
| + Depreciation and write-downs630 | €17,715 | €73,015 | €140,266 | ▲ 92.1% |
| Operating cash flow (approximation) | €47,406 | €114,310 | €150,726 | ▲ 31.9% |
| Investment in fixed assets (approximation) | - | -€341,026 | -€299,554 | ▲ 12.2% |
| Change in cash | - | -€469 | €10,325 | ▲ 2,301% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
23-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 19/02/2026
- Registered-office move, Rue de Visé 551/004, 4020 Liège
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Weakest financial yearnet €10,460 ▼74.7%
Net result drops to €10,460, the lowest in the series.
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 117 days late
2023
31-12
Financial
Highest result since 2022net €41,295 ▲39.1%
Operating result €65,332, net result €41,295, both a record.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2022
Ground area
2,781 m²
Building footprint
157 m²
Volume, LiDAR
425 m³
2 parcels, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ECHAFÖZ
since 20222.330.007.603
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62113B0387/00K003 | Wallonia | 1,914 m² | 1 · 59 m² | 8.6 m · 2 fl. |
| 62312A0796/00K000 | Wallonia | 867 m² | 1 · 99 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,251 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
77320Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.