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 financial years (±2.4% per year). Its solvency ranks better than 91% of 3,011 sector peers (NACE 64, financial year 2025). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
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
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00461969.
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
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €29,998 after a loss of €52,613 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€2.3m
2025
Operating result€0.03m
2025
Net result€0.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€26.7m
2025
Equity€26.3m
2025
Debt€0.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€12.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency98.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio29.33
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)8
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.7m-€1.0m▲ 48.4%€1.4m▲ 40.5%€1.8m▲ 29.0%€2.3m▲ 24.4%€2.6m▲ 13.1%€2.1m▼ 18.3%€2.3m▲ 9.6%
Operating result€0.02m--€0.05m€0.007m€0.3m▲ 3,610%€0.3m▲ 19.7%€0.3m▼ 6.9%-€0.05m€0.03m
Net result€0.3m-€0.3m▲ 3.5%-€0.005mbelow the sector's middle half€2.6mabove the sector's middle half€0.02mwithin the sector's middle half▼ 99.2%€0.6mwithin the sector's middle half▲ 2,832%€0.2mwithin the sector's middle half▼ 67.4%€0.5mwithin the sector's middle half▲ 139%
Equity€22.2m-€22.4m▲ 1.2%€22.4mabove the sector's middle half=€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€22.5m-€22.7m▲ 1.0%€22.7mwithin the sector's middle half▼ 0.2%€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€0.3m-€0.3m▼ 14.1%€0.3m▼ 11.1%€3.0m▲ 1,050%€0.6m▼ 79.1%€0.9m▲ 47.9%€0.4m▼ 61.7%€0.4m▲ 21.3%
Working capital€11.2m-€11.6m▲ 3.8%€9.9mabove the sector's middle half▼ 15.3%€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%
Solvency98.5%-98.7%▲ 0.2pp98.8%above the sector's middle half▲ 0.1pp89.2%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 ratio33.68-40.52▲ 6.8438.63above the sector's middle half▼ 1.894.85above 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)1.1%-1.2%=0.0%within the sector's middle half▼ 1.2pp9.2%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)3.8-4.6▲ 21.1%3.9within the sector's middle half▼ 15.2%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 of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.9m | €2.3m | €2.6m | €2.1m | €2.4m | ▲ 10.4% |
| Turnover70 | €0.7m | €1.0m | €1.4m | €1.8m | €2.3m | €2.6m | €2.1m | €2.3m | ▲ 9.6% |
| Other operating income74 | - | - | - | €0.04m | €0.04m | €0.04m | €0.05m | €0.07m | ▲ 50.1% |
| Non-recurring operating income76A | - | - | - | - | - | - | €0.002m | €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 | - | - | - | €0.5m | €0.6m | €0.8m | €0.6m | €0.7m | ▲ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.1m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 1.9% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.009m | €0.01m | €0.01m | €0.01m | ▲ 23.6% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - | - | - |
| Operating profit (loss)9901 | €0.02m | -€0.05m | €0.007m | €0.3m | €0.3m | €0.3m | -€0.05m | €0.03m | - |
| Financial income75/76B | - | - | - | €2.6m | €0.3m | €0.2m | €0.3m | €0.6m | ▲ 104% |
| Recurring financial income75 | €0.5m | €0.4m | €0.3m | €2.6m | €0.3m | €0.2m | €0.3m | €0.6m | ▲ 104% |
| Income from financial fixed assets750 | - | - | - | €1.9m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 4.3% |
| Income from current assets751 | - | - | - | €0.08m | €0.07m | €0.07m | €0.08m | €0.1m | ▲ 67.9% |
| Other financial income752/9 | - | - | - | €0.6m | €0.1m | €0.008m | €0.05m | €0.3m | ▲ 502% |
| Financial charges65/66B | - | - | - | €0.007m | €0.5m | -€0.2m | -€0.008m | €0.07m | - |
| Recurring financial charges65 | €0.1m | -€0.04m | €0.2m | €0.007m | €0.5m | -€0.2m | -€0.008m | €0.07m | - |
| Debt charges650 | - | - | - | €358 | €0 | - | €35 | €0.002m | ▲ 5,614% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | -€0.06m | €0.3m | -€0.2m | -€0.03m | -€0.03m | ▼ 2.3% |
| Other financial charges652/9 | - | - | - | €0.07m | €0.1m | €0.03m | €0.02m | €0.09m | ▲ 434% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.4m | €0.07m | €2.8m | €0.2m | €0.7m | €0.2m | €0.6m | ▲ 125% |
| Income taxes67/77 | €0.1m | €0.09m | €0.07m | €0.3m | €0.2m | €0.1m | €0.05m | €0.1m | ▲ 75.3% |
| Taxes670/3 | - | - | - | €0.3m | €0.2m | €0.1m | €0.06m | €0.1m | ▲ 69.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0 | €227 | €0.002m | €0.002m | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €0.3m | €0.3m | -€0.005m | €2.6m | €0.02m | €0.6m | €0.2m | €0.5m | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.3m | -€0.005m | €2.6m | €0.02m | €0.6m | €0.2m | €0.5m | ▲ 139% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €22.5m | €22.7m | €22.7m | €28.0m | €25.6m | €26.5m | €26.2m | €26.7m | ▲ 2.1% |
| Fixed assets21/28 | €11.0m | €10.8m | €12.6m | €13.4m | €12.7m | €14.5m | €13.5m | €14.0m | ▲ 3.4% |
| Tangible fixed assets22/27 | €2.0m | €1.9m | €1.8m | €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 | - | - | - | - | - | €0.02m | €0.01m | €0.008m | ▼ 22.7% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.06m | €0.1m | €0.1m | €0.06m | ▼ 35.6% |
| Financial fixed assets28 | €9.0m | €8.9m | €10.8m | €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 | €11.6m | €11.9m | €10.1m | €14.6m | €13.0m | €12.0m | €12.6m | €12.7m | ▲ 0.7% |
| Stocks and contracts in progress3 | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.9m | €1.3m | €1.9m | €1.9m | €2.9m | €3.5m | €3.7m | €3.1m | ▼ 16.3% |
| Trade receivables40 | - | - | - | €0.7m | €2.0m | €2.6m | €2.5m | €1.4m | ▼ 43.4% |
| Other amounts receivable41 | - | - | - | €1.1m | €1.0m | €0.9m | €1.2m | €1.7m | ▲ 38.1% |
| Current investments50/53 | €8.0m | €7.6m | €6.9m | €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 | €2.6m | €2.9m | €1.2m | €7.9m | €6.5m | €4.5m | €5.0m | €1.2m | ▼ 75.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 32.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €22.5m | €22.7m | €22.7m | €28.0m | €25.6m | €26.5m | €26.2m | €26.7m | ▲ 2.1% |
| Equity10/15 | €22.2m | €22.4m | €22.4m | €25.0m | €25.0m | €25.6m | €25.8m | €26.3m | ▲ 1.8% |
| Contributions10/11 | €9.3m | €9.3m | - | €9.3m | €9.3m | €9.3m | €9.3m | €9.3m | = |
| Reserves13 | €12.9m | €13.1m | €13.1m | €15.7m | €15.7m | €16.3m | €16.5m | €17.0m | ▲ 2.8% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.2m | €0.2m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €15.5m | €15.5m | €16.3m | €16.5m | €17.0m | ▲ 2.8% |
| Profit (loss) carried forward14 | €0.005m | €0.001m | €0.001m | €0.001m | €172 | €0.001m | €236 | €0.001m | ▲ 164% |
| Amounts payable17/49 | €0.3m | €0.3m | €0.3m | €3.0m | €0.6m | €0.9m | €0.4m | €0.4m | ▲ 21.3% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.3m | €3.0m | €0.6m | €0.9m | €0.4m | €0.4m | ▲ 21.3% |
| Trade debts44 | €0.04m | €0.1m | €0.08m | €0.2m | €0.2m | €0.6m | €0.1m | €0.2m | ▲ 49.5% |
| Suppliers440/4 | - | - | - | €0.2m | €0.2m | €0.6m | €0.1m | €0.2m | ▲ 49.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.4m | €0.3m | €0.2m | €0.3m | ▲ 10.4% |
| Taxes450/3 | - | - | - | €0.2m | €0.3m | €0.2m | €0.1m | €0.1m | ▼ 3.1% |
| Remuneration and social security454/9 | - | - | - | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 28.3% |
| Other amounts payable47/48 | - | - | - | €2.5m | €28 | €0.02m | €0.02m | €0.02m | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.03m | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.3m | -€0.005m | €2.6m | €0.02m | €0.6m | €0.2m | €0.5m | ▲ 139% |
| + Depreciation and write-downs630 | €0.09m | €0.1m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 1.9% |
| Operating cash flow (approximation) | €0.4m | €0.4m | €0.09m | €2.7m | €0.1m | €0.7m | €0.3m | €0.6m | ▲ 83.1% |
| Investment in fixed assets (approximation) | - | €0.06m | -€1.9m | -€0.9m | €0.6m | -€2.0m | €0.9m | -€0.6m | - |
| Change in cash | - | €0.3m | -€1.8m | €6.8m | -€1.4m | -€2.0m | €0.5m | -€3.8m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00461969 |
| 31-12-2024 | full format | 17-07-2025 | 2025-00286192 |
| 31-12-2023 | full format | 25-07-2024 | 2024-00284414 |
| 31-12-2022 | full format | 14-07-2023 | 2023-00236515 |
| 31-12-2021 | full format | 24-06-2022 | 2022-20089326 |
| 31-12-2020 | full format | 23-07-2021 | 2021-39200236 |
| 31-12-2019 | full format | 29-06-2020 | 2020-23000156 |
| 31-12-2018 | full format | 30-07-2019 | 2019-41200556 |
| 31-12-2017 | full format | 07-08-2018 | 2018-44100133 |
| 31-12-2016 | full format | 14-07-2017 | 2017-31700176 |
Similar companies · same sector, comparable size
M.M. INVEST
BE 0476.101.932
Hooglede · equity €26,240,333
PARTICIPATIONS ET INVESTISSEMENTS
BE 0878.656.583
Wavre · equity €26,238,436
SEDECE
BE 0473.695.639
Kruisem · equity €26,287,091
BK HOLDING
BE 0795.191.449
Diepenbeek · equity €26,330,294
EDGARD
BE 0567.763.071
Frameries · equity €26,176,827
Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,974. 3,767 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €1,576 awarded · €1,576 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €107 | €107 |
| 2022 | 1 | €1,469 | €1,469 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.