ECHIMAC
ActiveECHIMAC has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €544k and a net result of €54k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 38% of 7955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▲+15
Solvency57▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.41 against 3.13 in 2024; short-term debt: 4.7% and cash: 11.7% of total assets), but 67.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.5%
Return on assets
3.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
37 d early
2022
35 d early
2021
47 d early
2020
53 d early
2019
18 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€544k▲ 11.1%
2024 · €490k
2018: €332k
2019: €337k
2020: €358k
2021: €408k
2022: €478k
2023: €491k
2024: €490k
2018 → 2025
Total assets
€1.68M▼ 1.0%
2024 · €1.69M
2018: €371k
2019: €466k
2020: €469k
2021: €518k
2022: €574k
2023: €596k
2024: €1.69M
2018 → 2025
Net result
€54k
2024 · €-1k
2018: €22k
2019: €5k
2020: €21k
2021: €50k
2022: €87k
2023: €41k
2024: €-1k
2018 → 2025
Working capital
€189k▲ 4.2%
2024 · €181k
2018: €200k
2019: €189k
2020: €199k
2021: €247k
2022: €326k
2023: €365k
2024: €181k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€408k-€478k▲ 17.1%€491k▲ 2.8%€490k▼ 0.3%€544k▲ 11.1%
Operating result€12k-€6k▼ 47.2%€13k▲ 111%€3k▼ 74.0%€61k▲ 1,663%
Net result€50k-€87k▲ 72.7%€41k▼ 52.9%€-1k€54k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,663% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.68M
Fixed assets
€1.41M▼ 1.2%
Current assets
€268k▲ 0.4%
Equity and liabilities €1.68M
Equity
€544k▲ 11.1%
Debt
€1.13M▼ 5.9%
The debt ratio falls from 71.0% to 67.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78k▲
2024 · €20k
Cash flow
€72k▲
2024 · €16k
Solvency
32.5%▲
2024 · 29.0%
Current ratio
3.41▲
2024 · 3.13
Quick ratio
3.38▲
2024 · 3.10
Debt / equity
2.08▼
2024 · 2.45
ROE
10.0%▲
2024 · -0.3%
ROA
3.2%▲
2024 · -0.1%
Interest coverage
2.20▲
2024 · 0.90
Debt
€1.13M▼
2024 · €1.20M
Debt ≤ 1 year
€78k▼
2024 · €85k
Debt > 1 year
€1.05M▼
2024 · €1.12M
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.69M€1.68M▼
Fixed assets21/28€1.43M€1.41M▼
Tangible fixed assets22/27€132k€115k▼
Land and buildings22€132k€115k▼
Financial fixed assets28€1.29M€1.29M=
Current assets29/58€267k€268k▲
Amounts receivable after more than one year29€48k€49k▲
Other amounts receivable291€48k€49k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€29k€21k▼
Trade receivables40€29k€21k▼
Cash at bank and in hand54/58€188k€195k▲
Equity and liabilities
Total equity and liabilities10/49€1.69M€1.68M▼
Equity10/15€490k€544k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€280k€280k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€274k€274k=
Profit (loss) carried forward14€148k€203k▲
Amounts payable17/49€1.20M€1.13M▼
Amounts payable after more than one year17€1.12M€1.05M▼
Financial debts170/4€918k€860k▼
Other amounts payable178/9€199k€193k▼
Amounts payable within one year42/48€85k€78k▼
Current portion of amounts payable after more than one year42€57k€58k▲
Trade debts44€18k€16k▼
Suppliers440/4€18k€16k▼
Taxes, remuneration and social security45€11k€4k▼
Taxes450/3€11k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€22k€80k▲
Operating profit (loss)9901€3k€61k▲
Financial income75/76B€18k€31k▲
Recurring financial income75€18k€31k▲
Financial charges65/66B€23k€36k▲
Recurring financial charges65€23k€36k▲
Profit (loss) for the period before taxes9903€-1k€56k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€-1k€54k▲
Profit (loss) for the period to be appropriated9905€-1k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€148k€203k▲
Profit (loss) brought forward from the previous period14P€150k€148k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €54k
Net result €54k after one loss-making year.
31-12
Financial
Equity above €500kEq €544k ▲11.1%
Equity rises from €490k to €544k.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-1k ▼103%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €87k ▲72.7%
Net result €87k, the highest in the series.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Eupen · 1 establishment unit since 1986
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.
Rue de Herbesthal 544700 EupenGround area
533 m²
Building footprint
98 m²
Volume, LiDAR
721 m³
Parcel 63302G0013/00E006, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Herbesthal 54, 4700 Eupen
since 19862.029.034.617
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63302G0013/00E006 | Wallonia | 533 m² | 1 · 98 m² | 8.5 m · 2 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
MB-SOUDOTEC
BE 0400.309.397
Aalst · Eq €547k
WEMMEL TOOLS
BE 0477.155.767
Merchtem · Eq €547k
PAGOUM
BE 0418.568.856
Sint-Pieters-Woluwe · Eq €540k
TOPTOOLS INTERNATIONAL
BE 0475.225.764
Kontich · Eq €553k
MLA FIXINGS
BE 0846.990.637
Herentals · Eq €531k
Of 504 companies in sector 46841 we hold annual accounts for 365. 291 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-02-1986
Fiscal year end31-12
Activities, NACEBEL
46841Wholesale trade
25110Manufacture of metal structures and parts of structures
28110
43320Joinery installation
45421
45422
46620Wholesale of machine tools
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.