Checked.be
Active
BE 0435.405.383Private limited company (pre-2019)
ECHO DRY
Schepenijlaan 13 ·1180 Ukkel, Belgium· 37 yrs active
Conclusion
The computed 12-month bankruptcy probability of ECHO DRY is 1.7% (moderate). The 2024 annual accounts show equity of €115k and a net result of €-7k. Equity remains stable across the filed fiscal years (±2.4% per year). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €115k |
| Net result | €-7k |
| Active | 37 yrs |
| Locations | 1 |
Financial profile
45
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
45
Profitability
0
Solvency
47
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1988, 37 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
45
/ 100
Fair
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
72
2023
45
2024
purely financial, excl. current insolvency signals
Score components
Profitability
Negatieve ROE -6%
-10
Interest coverage
Interest coverage 6.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 3 fiscal years (±2.4%/year).
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).
€9k
-45.4%
22-24
€-7k
-
22-24
€9k
-40.3%
22-24
€480k
+7.1%
22-24
€115k
-5.8%
22-24
€2k
-39.7%
22-24
€273k
+18.5%
22-24
€272k
+18.4%
22-24
24.0%
-12.1%
22-24
2.38
+25.9%
22-24
-6.2%
-
22-24
-1.5%
-
22-24
6.27
-59.4%
22-24
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | -45.4% | +53.1% | - |
| Net profit | - | - | - |
| Cash flow | -40.3% | +35.3% | - |
| Staff costs | - | - | - |
| Income taxes | -39.7% | +26.4% | - |
| Dividends | - | - | - |
| Total assets | +7.1% | +0.4% | - |
| Equity | -5.8% | +1.2% | - |
| Debt | +18.5% | +1.6% | - |
| of which ≤ 1y | +18.4% | +1.1% | - |
| of which > 1y | - | - | - |
| Working capital | - | - | - |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | - | - | - |
| Quick ratio | - | - | - |
| Working capital ratio | - | - | - |
| Solvency | 24.0% | 27.2% | 27.0% |
| Debt / equity | 2.38 | 1.89 | 1.88 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 6.27 | 15.45 | - |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -1.5% | 0.3% | -0.6% |
| ROE | -6.2% | 1.2% | -2.2% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €480k | €448k | €446k |
| Fixed assets | 21/28 | €480k | €448k | €446k |
| Tangible fixed assets | 22/27 | €480k | €448k | €446k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €480k | €448k | €446k |
| Equity | 10/15 | €115k | €122k | €121k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €276k | €287k | €297k |
| Accumulated profits (losses) | 14 | €-180k | €-184k | €-195k |
| Provisions & deferred taxes | 16 | €91k | €95k | €98k |
| Amounts payable | 17/49 | €273k | €231k | €227k |
| Amounts payable within one year | 42/48 | €272k | €230k | €227k |
| Trade debts payable within one year | 44 | €10k | €6k | €8k |
| Income statement | ||||
| Gross operating margin | 9900 | €13k | €21k | €18k |
| Operating result | 9901 | €-7k | €3k | €-3k |
| Financial charges | 65 | €1k | €1k | - |
| Result before taxes | 9903 | €-9k | €2k | €-3k |
| Income taxes | 67/77 | €2k | €4k | €3k |
| Net result for the period | 9904 | €-7k | €1k | €-3k |
| Result to be appropriated | 9905 | €4k | €11k | €7k |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 28-09-1988 |
| Status | Active |
| Postal code | 1180 |
Establishment units
Haeckstraat 31, 1080 Sint-Jans-Molenbeek
since 19882.040.567.719
Real-estate footprint
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0385/00K003 | Brussels | 2,248 m² | 1 · 841 m² | 23.9 m · 7 fl. |
| 21012A0036/00D006 | Brussels | 126 m² | - | - |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-7k ▼598%
Net result drops to €-7k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 363 days late
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 594 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 176 days late
2017
09-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 466 days late
2016
02-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 399 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Names & trade names
| Legal nameFR | ECHO DRY |