Summary
Conclusion
the dossier summarised in one paragraphECHOBEL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (€-12.34M) and a net result of €29k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 5% of 1407 sector peers (fiscal year 2024). The company has been active since 1962 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneThis is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
Signals
2 signals · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wide| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 30-05-2025 | 62 d early | 2025-00111229 |
| 31-12-2023 | 31-07-2024 | 26-07-2024 | 5 d early | 2024-00287093 |
| 31-12-2022 | 31-07-2023 | 29-08-2023 | 29 d late | 2023-00367030 |
| 31-12-2021 | 31-07-2022 | 30-06-2022 | 31 d early | 2022-20109934 |
| 31-12-2020 | 31-07-2021 | 27-08-2021 | 27 d late | 2021-59000010 |
| 31-12-2019 | 31-07-2020 | 31-07-2020 | on the day | 2020-38900381 |
| 31-12-2018 | 31-07-2019 | 24-06-2019 | 37 d early | 2019-23200440 |
| 31-12-2017 | 31-07-2018 | 28-06-2018 | 33 d early | 2018-27600427 |
| 31-12-2016 | 31-07-2017 | 15-07-2017 | 16 d early | 2017-33500113 |
| 31-12-2015 | 31-07-2016 | 26-06-2016 | 35 d early | 2016-24300506 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsAdministrative Flags
Financials
Annual accounts & ratios
Source: NBB · 2024How 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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -197.1% | 37.4% | |
| Net result | €29k | €46k | |
| Equity | €-12.34M | €362k | |
| Gross operating margin | €-34k | €65k | |
| Employees (FTE) | 0.0 | 0.0 |
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €29k |
| Cash flow | n/a |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €6.26M |
| Equity | €-12.34M |
| Debt | €18.57M |
| of which ≤ 1y | €2.31M |
| of which > 1y | €15.60M |
| Working capital | n/a |
| Employees (FTE) | 0.0 |
| 2024 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | -197.1% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | 0.5% |
| ROE | -0.2% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €6.26M |
| Fixed assets | 21/28 | €56k |
| Financial fixed assets | 28 | €56k |
| Current assets | 29/58 | €6.20M |
| Amounts receivable within one year | 40/41 | €4.25M |
| Cash & bank | 54/58 | €1.96M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.26M |
| Equity | 10/15 | €-12.34M |
| Contributions / capital | 10/11 | €2.48M |
| Reserves | 13 | €535k |
| Accumulated profits (losses) | 14 | €-15.35M |
| Provisions & deferred taxes | 16 | €27k |
| Amounts payable | 17/49 | €18.57M |
| Amounts payable after one year | 17 | €15.60M |
| Amounts payable within one year | 42/48 | €2.31M |
| Trade debts payable within one year | 44 | €40k |
| Income statement | ||
| Gross operating margin | 9900 | €-34k |
| Operating result | 9901 | €-35k |
| Financial income | 75 | €87k |
| Financial charges | 65 | €23k |
| Result before taxes | 9903 | €29k |
| Net result for the period | 9904 | €29k |
| Result to be appropriated | 9905 | €29k |
Health barometer
FY 2024 · computedDirectors
Directors & mandates
4 directors-
CUYVERS, Bob Ivo MaggySole directorState Gazette act 22353019 (23-08-2022)Current23-08-2022 → present
Former directors (3)
-
Bob CuyversManaging directorState Gazette act 22087761 (20-07-2022)Former20-07-2022 → 23-08-2022
3 events
- 23-08-2022 Resigned· Director
- 20-07-2022 Resigned· Managing director
- 20-07-2022 Appointed· Managing director
-
Marc CuyversDirectorState Gazette act 22087761 (20-07-2022)Former20-07-2022 → 23-08-2022
2 events
- 23-08-2022 Resigned· Director
- 20-07-2022 Appointed· Director
-
Galm Participaties NVLegal entityDirector· perm. rep.: Marc CuyversState Gazette act 22087761 (20-07-2022)Former- → 20-07-2022
Insolvency mandates
Legal Structure
| NACE primary | Activiteiten van holdings(64210) |
| Legal form | Public limited company(014) |
| Incorporation | 06-01-1962 |
| Status | Active |
| Postal code | 3530 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankThis address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bronweg 573530 Houthalen-HelchterenEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72452E0210/00F000 | Flanders | 3,044 m² | 1 · 288 m² | 7.0 m · 2 fl. |
| 72033B0001/02S003 | Flanders | 1,315 m² | 1 · 327 m² | 7.3 m · 2 fl. |
Publications
Lifecycle & Insolvency Signals
Belgisch Staatsblad · acts
2 acts23-08-2022 1 director appointed, 2 resigning
- CUYVERS, Bob Ivo Maggy, Enig bestuurder
- Bob CUYVERS, Bestuurder
- Marc CUYVERS, Bestuurder
20-07-2022 2 directors appointed, 2 resigning
- Bob Cuyvers, Gedelegeerd bestuurder
- Marc Cuyvers, Bestuurder
- Marc Cuyvers, Bestuurder
- Bob Cuyvers, Gedelegeerd bestuurder
Analysis
Snowflake analysis
financial profile on 5 axesStrong profile, led by stability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
Ask AI about this company
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AI due-diligence brief
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Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameNL | ECHOBEL |