Summary
ECHOFIN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €26.3m and a net result of €465,387. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 91% of 2445 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
14 d early
2023
6 d early
2022
17 d early
2021
37 d early
2020
8 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 17 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#3 company by equity in Izegem, Finance and insurance sector#6 employer in Izegem, Finance and insurance sector#6 company by total assets in Izegem, Finance and insurance sector
Equity
€26.3m▲ 1.8%
2024 · €25.8m
Net result
€465,387▲ 139%
2024 · €194,588
Total assets
€26.7m▲ 2.1%
2024 · €26.2m
Solvency
98.4%▼ 0.3pp
2024 · 98.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.8m▲ 29.0%€2.3m▲ 24.4%€2.6m▲ 13.1%€2.1m▼ 18.3%€2.3m▲ 9.6%
Operating result€263,137▲ 3,610%€314,925▲ 19.7%€293,220▼ 6.9%-€52,613€29,998
Net result€2.6mabove the sector's middle half€20,378within the sector's middle half▼ 99.2%€597,475within the sector's middle half▲ 2,832%€194,588within the sector's middle half▼ 67.4%€465,387within the sector's middle half▲ 139%
Equity€25.0mabove the sector's middle half▲ 11.4%€25.0mabove the sector's middle half▲ 0.1%€25.6mabove the sector's middle half▲ 2.4%€25.8mabove the sector's middle half▲ 0.8%€26.3mabove the sector's middle half▲ 1.8%
Total assets€28.0mwithin the sector's middle half▲ 23.4%€25.6mwithin the sector's middle half▼ 8.4%€26.5mwithin the sector's middle half▲ 3.5%€26.2mwithin the sector's middle half▼ 1.4%€26.7mwithin the sector's middle half▲ 2.1%
Debt€3.0m▲ 1,050%€630,759▼ 79.1%€933,141▲ 47.9%€357,697▼ 61.7%€433,821▲ 21.3%
Working capital€11.6mabove the sector's middle half▲ 17.7%€12.4mabove the sector's middle half▲ 6.7%€11.1mabove the sector's middle half▼ 10.4%€12.3mabove the sector's middle half▲ 10.7%€12.3mabove the sector's middle half▲ 0.1%
Solvency89.2%above the sector's middle half▼ 9.6pp97.5%above the sector's middle half▲ 8.3pp96.5%above the sector's middle half▼ 1.1pp98.6%above the sector's middle half▲ 2.1pp98.4%above the sector's middle half▼ 0.3pp
Current ratio4.85above the sector's middle half▼ 33.7821.61above the sector's middle half▲ 16.7612.89above the sector's middle half▼ 8.7235.33above the sector's middle half▲ 22.4429.33above the sector's middle half▼ 6.00
Return on assets (ROA)9.2%above the sector's middle half▲ 9.2pp0.1%within the sector's middle half▼ 9.1pp2.3%within the sector's middle half▲ 2.2pp0.7%within the sector's middle half▼ 1.5pp1.7%within the sector's middle half▲ 1.0pp
Staff (FTE)4.3within the sector's middle half▲ 10.3%5.1within the sector's middle half▲ 18.6%7.3within the sector's middle half▲ 43.1%7.4within the sector's middle half▲ 1.4%8within the sector's middle half▲ 8.1%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €29,998 after a loss of €52,613 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26.7m
Fixed assets
€14.0m ▲ 3.4%
Current assets
€12.7m ▲ 0.7%
Equity and liabilities €26.7m
Equity
€26.3m ▲ 1.8%
Debt
€433,821 ▲ 21.3%
Debt's share of the balance-sheet total rises from 1.4% to 1.6%. Equity and debt are higher.
Key figures and ratios
ROE
1.8%▲
2024 · 0.8%
Debt ≤ 1 year
€433,821▲
2024 · €357,697
Income taxes
€96,051▲
2024 · €54,798
Staff costs
€659,427▲
2024 · €586,005
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.9m | €2.3m | €2.6m | €2.1m | €2.4m | ▲ 10.4% |
| Turnover70 | €1.8m | €2.3m | €2.6m | €2.1m | €2.3m | ▲ 9.6% |
| Other operating income74 | €41,367 | €41,672 | €37,653 | €49,783 | €74,737 | ▲ 50.1% |
| Non-recurring operating income76A | - | - | - | €2,413 | €0 | ▼ 100% |
| Operating charges60/66A | €1.6m | €2.0m | €2.3m | €2.2m | €2.3m | ▲ 6.4% |
| Services and other goods61 | €1.0m | €1.3m | €1.4m | €1.5m | €1.5m | ▲ 4.6% |
| Remuneration, social security and pensions62 | €466,296 | €558,311 | €754,239 | €586,005 | €659,427 | ▲ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98,546 | €99,015 | €122,625 | €128,256 | €125,804 | ▼ 1.9% |
| Other operating charges640/8 | €13,531 | €8,883 | €10,666 | €9,861 | €12,188 | ▲ 23.6% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Operating profit (loss)9901 | €263,137 | €314,925 | €293,220 | -€52,613 | €29,998 | ▲ 157% |
| Financial income75/76B | €2.6m | €335,575 | €240,476 | €293,697 | €599,163 | ▲ 104% |
| Recurring financial income75 | €2.6m | €335,575 | €240,476 | €293,697 | €599,163 | ▲ 104% |
| Income from financial fixed assets750 | €1.9m | €131,909 | €164,855 | €168,398 | €175,721 | ▲ 4.3% |
| Income from current assets751 | €76,837 | €70,060 | €68,070 | €76,187 | €127,938 | ▲ 67.9% |
| Other financial income752/9 | €611,307 | €133,606 | €7,551 | €49,112 | €295,504 | ▲ 502% |
| Financial charges65/66B | €6,921 | €464,243 | -€200,609 | -€8,303 | €67,724 | ▲ 916% |
| Recurring financial charges65 | €6,921 | €464,243 | -€200,609 | -€8,303 | €67,724 | ▲ 916% |
| Debt charges650 | €358 | €0 | - | €35 | €1,980 | ▲ 5,614% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | -€61,550 | €336,858 | -€229,421 | -€25,553 | -€26,146 | ▼ 2.3% |
| Other financial charges652/9 | €68,112 | €127,385 | €28,812 | €17,215 | €91,890 | ▲ 434% |
| Profit (loss) for the period before taxes9903 | €2.8m | €186,257 | €734,305 | €249,386 | €561,438 | ▲ 125% |
| Income taxes67/77 | €275,874 | €165,879 | €136,830 | €54,798 | €96,051 | ▲ 75.3% |
| Taxes670/3 | €275,874 | €166,106 | €139,212 | €56,647 | €96,051 | ▲ 69.6% |
| Tax adjustments and reversals of tax provisions77 | €0 | €227 | €2,382 | €1,850 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €2.6m | €20,378 | €597,475 | €194,588 | €465,387 | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €2.6m | €20,378 | €597,475 | €194,588 | €465,387 | ▲ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28.0m | €25.6m | €26.5m | €26.2m | €26.7m | ▲ 2.1% |
| Fixed assets21/28 | €13.4m | €12.7m | €14.5m | €13.5m | €14.0m | ▲ 3.4% |
| Tangible fixed assets22/27 | €1.7m | €1.6m | €1.6m | €1.5m | €1.4m | ▼ 8.3% |
| Land and buildings22 | €1.7m | €1.6m | €1.5m | €1.4m | €1.3m | ▼ 6.4% |
| Plant, machinery and equipment23 | - | - | €18,798 | €9,933 | €7,680 | ▼ 22.7% |
| Furniture and vehicles24 | €29,031 | €57,318 | €128,074 | €95,833 | €61,759 | ▼ 35.6% |
| Financial fixed assets28 | €11.7m | €11.0m | €12.9m | €12.0m | €12.6m | ▲ 4.9% |
| Affiliated companies280/1 | €11.7m | €11.0m | €12.9m | €12.0m | €12.6m | ▲ 4.9% |
| Participating interests280 | €7.1m | €7.1m | €7.1m | €7.1m | €7.1m | = |
| Amounts receivable281 | €4.6m | €3.9m | €5.7m | €4.9m | €5.5m | ▲ 11.9% |
| Current assets29/58 | €14.6m | €13.0m | €12.0m | €12.6m | €12.7m | ▲ 0.7% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €1.9m | €2.9m | €3.5m | €3.7m | €3.1m | ▼ 16.3% |
| Trade receivables40 | €739,214 | €2.0m | €2.6m | €2.5m | €1.4m | ▼ 43.4% |
| Other amounts receivable41 | €1.1m | €967,739 | €923,928 | €1.2m | €1.7m | ▲ 38.1% |
| Current investments50/53 | €4.6m | €3.4m | €3.9m | €3.8m | €8.2m | ▲ 117% |
| Other investments51/53 | €4.6m | €3.4m | €3.9m | €3.8m | €8.2m | ▲ 117% |
| Cash at bank and in hand54/58 | €7.9m | €6.5m | €4.5m | €5.0m | €1.2m | ▼ 75.3% |
| Deferred charges and accrued income490/1 | €151,916 | €178,670 | €209,601 | €166,462 | €221,112 | ▲ 32.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28.0m | €25.6m | €26.5m | €26.2m | €26.7m | ▲ 2.1% |
| Equity10/15 | €25.0m | €25.0m | €25.6m | €25.8m | €26.3m | ▲ 1.8% |
| Contributions10/11 | €9.3m | €9.3m | €9.3m | €9.3m | €9.3m | = |
| Reserves13 | €15.7m | €15.7m | €16.3m | €16.5m | €17.0m | ▲ 2.8% |
| Non-distributable reserves130/1 | €181,000 | €181,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €181,000 | €181,000 | €0 | - | - | - |
| Distributable reserves133 | €15.5m | €15.5m | €16.3m | €16.5m | €17.0m | ▲ 2.8% |
| Profit (loss) carried forward14 | €794 | €172 | €647 | €236 | €623 | ▲ 164% |
| Amounts payable17/49 | €3.0m | €630,759 | €933,141 | €357,697 | €433,821 | ▲ 21.3% |
| Amounts payable within one year42/48 | €3.0m | €600,759 | €933,141 | €357,697 | €433,821 | ▲ 21.3% |
| Trade debts44 | €197,484 | €203,502 | €571,111 | €103,926 | €155,386 | ▲ 49.5% |
| Suppliers440/4 | €197,484 | €203,502 | €571,111 | €103,926 | €155,386 | ▲ 49.5% |
| Taxes, remuneration and social security45 | €315,545 | €397,229 | €344,357 | €236,135 | €260,799 | ▲ 10.4% |
| Taxes450/3 | €242,202 | €291,283 | €202,660 | €134,068 | €129,879 | ▼ 3.1% |
| Remuneration and social security454/9 | €73,343 | €105,946 | €141,697 | €102,067 | €130,920 | ▲ 28.3% |
| Other amounts payable47/48 | €2.5m | €28 | €17,673 | €17,637 | €17,637 | = |
| Accrued charges and deferred income492/3 | - | €30,000 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.6m | €20,378 | €597,475 | €194,588 | €465,387 | ▲ 139% |
| + Depreciation and write-downs630 | €98,546 | €99,015 | €122,625 | €128,256 | €125,804 | ▼ 1.9% |
| Operating cash flow (approximation) | €2.7m | €119,393 | €720,100 | €322,845 | €591,191 | ▲ 83.1% |
| Investment in fixed assets (approximation) | - | €628,994 | -€2.0m | €861,453 | -€582,169 | ▼ 168% |
| Change in cash | - | -€1.4m | -€2.0m | €532,448 | -€3.8m | ▼ 807% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity triplescurrent ratio 35.33
Current ratio from 12.89 to 35.33; short-term debt falls from €933,141 to €357,697.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 21.61
Current ratio from 4.85 to 21.61; short-term debt falls from €3.0m to €600,759.
31-12
Financial
Equity above €25mEq €25.0m ▲0.1%
2 profitable years in a row build equity to €25.0m.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €2.6m
Net result €2.6m after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€5,047
Net result drops to -€5,047, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Izegem · 1 establishment unit since 1991
Ground area
1.1 ha
Building footprint
1.9 ha
Volume, LiDAR
87,171 m³
Parcel 36492A0306/00R002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
CLEMENT
since 19912.053.696.173
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A0306/00R002 | Flanders | 1.1 ha | 1 · 1.9 ha | 9.0 m · 2 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.
Structure & network
Owners and holdings
6 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 6
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
According to the 2025 annual accounts of ECHOFIN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 1,576 EUR awarded · 1,576 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 107 EUR | 107 EUR |
| 2022 | 1 | 1,469 EUR | 1,469 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
9676006BC3OGDCSSF342
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 3,762 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
Founded28-06-1991
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444462908
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.