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Echo-Management

Active Private limited companyfounded 2019active for 7 yearsRue Henri Vieuxtemps 13, 4840 WelkenraedtKBO/BCE: BE 0731.580.928
Echo-Management
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €46,722 (2020)
-€8,981▼ €2,776
lowest -€21,129 (2023)
-€12,625▼ €2,735
peak €59,435 (2022)
€15,791▼ 44.4%
€749▲ 402%
Board1 name since 2019
1 directorFORGET Anne Cécile
Documentsfilings and deeds
20-01-202611 days before the deadline
2025micro format
Gross margin from -€6,205 to -€8,981Loss of €12,625Equity from €28,416 to €15,791Debts from €149 to €749Cash from €21,618 to €8,895

Key points

from the 2025 annual accounts

Equity

€15,791 from €59,435 in 2022

Equity fell by 73% in 3 years.

Losses

-€43,644 in three years
-21,1292023-9,8902024-12,6252025

Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.

Position in the sector

-€12,625

Lower net result than 87% of companies in advertising and market research. Sector median €14,813 · 8,612 companies.

Turnover not published (micro format)

Checked score

56
Fair
Financially stronger than 51% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.

Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.2%▲ +0.1 percentage points vs 12-2024 02-2025: 0.1%▼ -0.1 percentage points vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.2%▲ +0.1 percentage points vs 09-2026highest value 11-2026: 0.2%● unchanged vs 10-2026highest value

Financial strength
Strong

100=equity 95.5% of total assets
100=short-term debt 4.5% · cash 53.8%
0=return on assets -76.3%

Score breakdown

raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €12,625, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 20.67, cash €8,895, halved
Sector: Advertising, market research and public relations activities (NACE 73)
Equity €15,791 (95.5% of total assets)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 87% of them on solvency, 97% on liquidity, 6% on profitability and 15% on growth.

The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 3,591 companies had the same profile as Echo-Management has now. Each dot stands for 9 companies, two years later.

87.4%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of Echo-Management itself is lower: 0.2% within 12 months. It rests on far more data about Echo-Management than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 3,591 companies, not a prediction for Echo-Management. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €500 on 30-day terms, only on tighter conditions

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity is ample, with a current ratio of 20.67, above the usual 1.5. Short-term debt is 4.5% and cash 53.8% of total assets. 4.5% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 20.67, cash €8,895, halved
NBB · annual accounts
lowers risk · Sector: Advertising, market research and public relations activities (NACE 73)
KBO
lowers risk · Equity €15,791 (95.5% of total assets)
NBB · annual accounts
raises risk · Loss of €12,625, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
202122232425
2020 to 2025 · latest year -€12,625
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-01-2026, 11 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
11 days early
2024
15 days early
2023
on the day
2022
46 days early
2021
39 days early
2020
3 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 19 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 16 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end08-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

FA
FORGET Anne Cécile
Director, since 25-07-2019
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0731580928
Registered office moved from Burdinne to Welkenraedt New registered office: Rue Henri Vieux Temps 13, 4840 WELKENRAEDT · Previous registered office: Rue Hena 8A, 4210 Burdinne · General meeting of 25-08-2022 · Gazette deed
Incorporation published on 29-07-2019 · Gazette deed
First establishment Rue de l'Eglise 26, Leuze-en-Hainaut
All 13 events

Comparable companies

same main activity, similar in size and age
Company
Echo-Management Welkenraedt €16,540 -€8,981 95.5% -
SLVB Geer €17,810 -€1,049 85.7% -
KICKOFF AGENCY Braine-l'Alleud €17,401 -€33,286 17.3% -
Kenis & Rommens Houthalen-Helchteren €18,503 €862 65.5% -
DL NEO LIFE Arlon €13,850 -€2,001 -463.1% -
CH-VO Woluwe-Saint-Lambert €18,754 -€4,141 80.2% -
TOVEC Hasselt €19,187 -€813 34.9% -

These companies have the same main activity as Echo-Management: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €13,900 and €19,200, founded between 2019 and 2020.

Official details

Source: KBO
Status
Active since 25-07-2019Normal situation
Activity
Public relations and communication consultancyNACE 73300and 5 others
Establishment unit
2.291.583.2307904 Leuze-en-Hainaut, since 25-07-2019
Financial year end
30 June
Peppol
Reachable since 19-01-2026
Company details

Annual accounts to 30-06-2025

-€8,981▼ 44.7%
€12,625▲ 27.7%
€15,791▼ 44.4%
€16,540▼ 42.1%
Filing
Filed on 20-01-2026, 11 days before the end of the filing period
Financials

Insights on Echo-Management

Echo-Management files the micro format. That format states no turnover. The gross margin fell from €46,722 in 2020 to -€8,981 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 20-01-2026, 11 days before the deadline
-€8,981
▼ €2,776
-€12,410
▼ €2,758
-€10,125
▼ €2,808
-€10,339
▼ €2,785
95.5%
▼ 4.0 percentage points
20.67

Balance sheet

balance sheet total €16,540 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

95.5%

Higher than 95% of 8,611 companies in 2025.

20.67

Higher than 95% of 8,288 companies in 2025.

-76.3%

Lower than 95% of 8,397 companies in 2025.

Echo-Management Middle half of the sector 80% of the sector Micro accounts in advertising and market research (NACE 73)

Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 16,54028,56538,46462,71080,05983,113
21/28 1,0593,3455,6811,6122,497572
21 04188181,2181,618-
22/27 1,0592,9284,864394879572
24 1,0592,9284,864394879572
29/58 15,48025,22032,78361,09977,56282,541
40/41 5,4572,6386,5922,58910,28631,586
40 30303,5067509,07531,576
41 5,1542,6383,0861,8391,21111
54/58 8,89521,61825,33157,16966,00549,591
490/1 1,1289648601,3401,2721,364
Balance sheet: equity and liabilities
10/49 16,54028,56538,46462,71080,05983,113
10/15 15,79128,41638,30659,43556,12941,217
10/11 8,0008,0008,0008,0008,0000
100 -----0
11 -----8,000
1100/10 -----8,000
14 7,79120,41630,30651,43548,12933,217
17/49 7491491583,27523,92941,896
42/48 7491491573,27523,84441,896
44 5750321,7659,66025,614
440/4 5750321,7659,66025,614
45 174149125297,28412,012
450/3 174149125297,28412,012
47/48 0001,4816,8994,270
492/3 -010860
Income statement
70 --0---
9900 -8,981-6,205-18,2536,08420,60946,722
60/61 --0---
62 ----0-
630 2,2862,3361,535885799159
640/8 1,1431,1111,022992987982
9901 -12,410-9,652-20,8104,20718,82345,580
75/76B 13328142186--
75 13328142---
76B ---186--
65/66B 13511611710612280
65 13511611710612280
9903 -12,412-9,740-20,7854,28718,70245,501
67/77 2131503449813,78912,284
9904 -12,625-9,890-21,1293,30614,91233,217
9905 -12,625-9,890-21,1293,30614,91233,217
Appropriation of the result
9906 7,79120,41630,30651,43548,12933,217
14P 20,41630,30651,43548,129--
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 20-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 20-01-2026 2026-00011222 PDF
30-06-2024 micro format 16-01-2025 2025-00006285 PDF
30-06-2023 micro format 31-01-2024 2024-00020884 PDF
30-06-2022 micro format 16-12-2022 2022-20541348 PDF
30-06-2021 micro format 23-12-2021 2021-81500529 PDF
30-06-2020 micro format 28-01-2021 2021-03900480 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
-10,125-7,316-19,2755,09219,62245,740
-10,339-7,554-19,5944,19115,71133,376
005,60402,724731
-12,723-3,714-31,838-8,83616,414-
14,73225,07132,62657,82453,71840,645
95.5%99.5%99.6%94.8%70.1%49.6%
20.67--18.663.251.97
0.050.010.000.060.431.02
-80.0%-34.8%-55.2%5.6%26.6%80.6%
-76.3%-34.6%-54.9%5.3%18.6%40.0%
-74.88-63.02-164.2448.10--

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€0€0€5,604€0
Intangible fixed assets€0€0€0€0
€2,286€2,336€1,535€885

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on Echo-Management

The operating result for 2025 is a loss of €12,410, larger than the loss of €9,652 in 2024.

Debt's share of the balance-sheet total rises from 0.5% to 4.5%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, last change in 2022
FORGET Anne Cécile
Director
since 25-07-2019
listed in the 2025 annual accounts, filed on 20-01-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
FORGET Anne Cécile
Director
Board
Mandates as a list
  • FORGET Anne Cécile
    • Director, from 25-07-2019 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€8,000
Source
2025 annual accounts

Network & group

No group

Echo-Management has no parent and no holdings in its annual accounts. FORGET Anne Cécile is the only director. Echo-Management shares no director with another company.

Timeline

Timeline

13 events since 2019

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFmicro format · 11 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0731580928
2025
Annual accounts 2024 filed PDFmicro format · 15 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Weakest financial year net -€21,129 The net result drops to -€21,129, the lowest from 2020 to 2025. It recovers the following year.
Liquidity more than 11 times current ratio 208.78 The current ratio rises from 18.66 to 208.78. Short-term debt falls from €3,275 to €157.
2022
Annual accounts 2022 filed PDFmicro format · 46 days before the deadline
Registered office moved from Burdinne to WelkenraedtNew registered office: Rue Henri Vieux Temps 13, 4840 WELKENRAEDT · Previous registered office: Rue Hena 8A, 4210 Burdinne · General meeting of 25-08-20222 points ▸
  • General meeting, 25-08-2022
  • Registered-office move, Rue Henri Vieux Temps 13, 4840 WELKENRAEDT

Open the deed in the Belgian Official Gazette

Liquidity more than 5 times current ratio 18.66 The current ratio rises from 3.25 to 18.66. Short-term debt falls from €23,844 to €3,275.
2021
Annual accounts 2021 filed PDFmicro format · 39 days before the deadline
Annual accounts 2020 filed PDFmicro format · 3 days before the deadline
2019
Incorporation PDFpublished on 29-07-2019
First establishment Rue de l'Eglise 26, Leuze-en-Hainaut

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Echo-Management was incorporated on 25 July 2019 as a private limited company.1 The registered office was moved to Welkenraedt in 2022.2 Total assets fell from €83,113 in 2020 to €16,540 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 06-10-2022
  3. 3National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0731.580.928
VAT number
BE 0731.580.928
Peppol ID
0208:0731580928
Other Peppol ID
9925:BE0731580928
Legal form
Private limited company
Status
Active, normal situation
Founded
25-07-2019
Financial year
ends on 30 June
Peppol
Reachable since 19-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Echo-Management in French
Entity type
Legal entity

Activities

NACEBEL 2025
73300 Public relations and communication consultancy main activity
70200 Business and other management consultancy
72200 Scientific research and development
78100 Employment placement agencies
82300 Organisation of conventions and trade shows
85599 Other education
Codes under NACEBEL 2008
70210 Activities of head offices; management consultancy activities main activity
70220 Business consulting
72200 Scientific research and development
78100 Employment placement agencies
82300 Organisation of conventions and trade shows
85599 Other education

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue Henri Vieuxtemps 13 registered office 4840 Welkenraedt
Rue de l'Eglise 26 7904 Leuze-en-Hainaut 25-07-2019 2.291.583.230
1 former office
  • Rue Hena 8A, 4210 Burdinne until the deed of 06-10-2022

Buildings and parcels at the addresses

Ground area
862 m²
Buildings
197 m²
Volume, LiDAR
1,022 m³
Tallest building
7.2 m
Buildings to scale, each on its own parcel
190 m², 7.2 m 7 m², 3.7 m 190 m², 7.2 m 7 m², 3.7 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
63084A0072/00G000637 m² 1 · 190 m² 7.2 m · 2
57065B0325/00R000225 m² 1 · 7 m² 3.7 m

Contact

E-mail acf@echo-management.com
E-mail info@echo-management.com

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