ECHO
ActiveSummary
ECHO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €182k and a net result of €25k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 77% of 9517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 4.36 against 9.96 in 2023; short-term debt: 22.9% and cash: 25.1% of total assets), and 22.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
51 d early
2022
22 d late
2021
54 d early
2020
44 d early
2019
52 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€182k▼ 5.4%
2023 · €192k
Total assets
€236k▲ 10.4%
2023 · €213k
Net result
€25k▲ 51.2%
2023 · €17k
Working capital
€181k▼ 5.3%
2023 · €191k
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
Line20202021202220232024
Operating result€87k▲ 105%€40k▼ 54.0%€57k▲ 40.9%€24k▼ 57.6%€35k▲ 44.9%
Net result€62k▲ 74.3%€29k▼ 53.7%€40k▲ 39.6%€17k▼ 58.3%€25k▲ 51.2%
Equity€168k▲ 59.0%€197k▲ 17.2%€180k▼ 8.7%€192k▲ 6.8%€182k▼ 5.4%
Total assets€200k▲ 71.5%€225k▲ 12.5%€256k▲ 13.9%€213k▼ 16.6%€236k▲ 10.4%
Debt€32k▲ 192%€28k▼ 12.4%€76k▲ 173%€21k▼ 72.0%€54k▲ 152%
Working capital€164k▲ 60.1%€195k▲ 18.6%€179k▼ 8.3%€191k▲ 7.0%€181k▼ 5.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 45% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €236k
Fixed assets
€504 ▼ 33.3%
Current assets
€235k ▲ 10.6%
Equity and liabilities €236k
Equity
€182k ▼ 5.4%
Debt
€54k ▲ 152%
Debt's share of the balance-sheet total rises from 10.0% to 22.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€35k▲
2023 · €24k
Cash flow
€26k▲
2023 · €17k
Current ratio
4.36▼
2023 · 9.96
Debt to equity
0.30▲
2023 · 0.11
ROE
14.0%▲
2023 · 8.7%
ROA
10.8%▲
2023 · 7.9%
Interest coverage
127.87▼
2023 · 155.71
Debt ≤ 1 year
€54k▲
2023 · €21k
Income taxes
€11k▲
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €825 | €252 | €252 | = |
| Other operating charges640/8 | - | €787 | €793 | €870 | €899 | ▲ 3.2% |
| Gross operating margin9900 | €46k | €43k | €58k | €25k | €36k | ▲ 43.0% |
| Operating profit (loss)9901 | €87k | €40k | €57k | €24k | €35k | ▲ 44.9% |
| Financial income75/76B | - | €208 | - | - | €2k | - |
| Recurring financial income75 | - | €208 | - | - | €2k | - |
| Financial charges65/66B | - | €143 | €197 | €156 | €274 | ▲ 75.8% |
| Recurring financial charges65 | €181 | €143 | €197 | €156 | €274 | ▲ 75.8% |
| Profit (loss) for the period before taxes9903 | €87k | €40k | €56k | €24k | €36k | ▲ 51.3% |
| Income taxes67/77 | €25k | €11k | €16k | €7k | €11k | ▲ 51.5% |
| Profit (loss) for the period9904 | €62k | €29k | €40k | €17k | €25k | ▲ 51.2% |
| Profit (loss) for the period to be appropriated9905 | €62k | €29k | €40k | €17k | €25k | ▲ 51.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €200k | €225k | €256k | €213k | €236k | ▲ 10.4% |
| Fixed assets21/28 | €4k | €2k | €1k | €756 | €504 | ▼ 33.3% |
| Tangible fixed assets22/27 | €4k | €2k | €1k | €756 | €504 | ▼ 33.3% |
| Plant, machinery and equipment23 | - | €2k | - | - | - | - |
| Furniture and vehicles24 | - | - | €1k | €756 | €504 | ▼ 33.3% |
| Current assets29/58 | €196k | €223k | €255k | €213k | €235k | ▲ 10.6% |
| Amounts receivable within one year40/41 | €35k | €2k | €46k | €56k | €47k | ▼ 16.4% |
| Trade receivables40 | - | €2k | €46k | €56k | €47k | ▼ 16.4% |
| Current investments50/53 | - | - | - | - | €122k | - |
| Cash at bank and in hand54/58 | €159k | €220k | €208k | €155k | €59k | ▼ 62.0% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €1k | €7k | ▲ 406% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €200k | €225k | €256k | €213k | €236k | ▲ 10.4% |
| Equity10/15 | €168k | €197k | €180k | €192k | €182k | ▼ 5.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €199k | €228k | €174k | €186k | €176k | ▼ 5.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €226k | €172k | €186k | €176k | ▼ 5.6% |
| Profit (loss) carried forward14 | €-37k | €-37k | - | €0 | €0 | - |
| Amounts payable17/49 | €32k | €28k | €76k | €21k | €54k | ▲ 152% |
| Amounts payable within one year42/48 | €32k | €28k | €76k | €21k | €54k | ▲ 152% |
| Trade debts44 | €7k | €20k | €7k | €1k | €12k | ▲ 1,090% |
| Suppliers440/4 | - | €20k | €7k | €1k | €12k | ▲ 1,090% |
| Taxes, remuneration and social security45 | - | €7k | €29k | €16k | €8k | ▼ 52.4% |
| Taxes450/3 | - | €7k | €29k | €16k | €8k | ▼ 52.4% |
| Other amounts payable47/48 | - | €1k | €40k | €4k | €34k | ▲ 655% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €29k | €40k | €17k | €25k | ▲ 51.2% |
| + Depreciation and write-downs630 | €2k | €2k | €825 | €252 | €252 | = |
| Operating cash flow (approximation) | €64k | €31k | €41k | €17k | €26k | ▲ 50.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €61k | €-12k | €-52k | €-96k | ▼ 84.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 9.96
Current ratio from 3.35 to 9.96; short-term debt falls from €76k to €21k.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €62k ▲74.3%
Operating result €87k, net result €62k, both a record.
31-12
Financial
Equity above €150kEq €168k ▲59%
3 profitable years in a row build equity to €168k.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €106k ▲51.1%
2 profitable years in a row build equity to €106k.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Keerbergen · 1 establishment unit since 1994
Ground area
98 m²
Building footprint
98 m²
Volume, LiDAR
430 m³
Parcel 24048B0456/00G000, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ECHO
since 19942.052.778.435
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24048B0456/00G000 | Flanders | 98 m² | 1 · 98 m² | 9.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 7,040 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
Founded19-04-1991
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.