ECI
ActiveSummary
ECI has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of -€116,654. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€116,654
2024 · €502,247
Working capital
-€285,541
2024 · €105,111
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €11,362 in 2025 against €12,859 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.01m
2025
Net result-€0.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.1m
2025
Equity€1.4m
2025
Debt€2.7m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.3m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.005m--€0.004m▲ 8.8%-€0.005m▼ 21.0%-€0.003m▲ 51.4%-€0.003m▼ 0.4%-€0.009m▼ 233%-€0.01m▼ 49.5%-€0.01m▲ 11.6%
Net result-€432--€33▲ 92.4%-€0.004m▼ 11,459%-€0.01m▼ 178%€0.5m€0.5m▼ 7.3%€0.5m▲ 2.0%-€0.1m
Equity-€0.004m--€0.004m▼ 0.8%€0.004m-€0.006m€0.5m€1.0m▲ 93.8%€1.5m▲ 49.3%€1.4m▼ 7.7%
Total assets€0.6m-€0.6m▲ 3.3%€0.5m▼ 6.9%€0.3m▼ 51.3%€0.5m▲ 105%€4.3m▲ 713%€4.2m▼ 3.2%€4.1m▼ 2.9%
Debt€0.6m-€0.6m▲ 3.3%€0.5m▼ 8.4%€0.3m▼ 49.7%€0.007m▼ 97.3%€3.3m▲ 459×€2.7m▼ 19.3%€2.7m▼ 0.2%
Working capital€0.5m-€0.2m€0.5m▲ 109%€0.3m▼ 43.3%€0.1m▼ 64.4%-€0.3m
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.1m
Fixed assets
€4.0m =
Current assets
€36,408 ▼ 77.1%
Equity and liabilities €4.1m
Equity
€1.4m ▼ 7.7%
Debt
€2.7m ▼ 0.2%
Debt's share of the balance-sheet total rises from 63.7% to 65.5%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.11▼
2024 · 2.94
Debt to equity
1.90▲
2024 · 1.76
ROE
-8.3%▼
2024 · 33.0%
ROA
-2.9%▼
2024 · 12.0%
Debt ≤ 1 year
€321,950▲
2024 · €54,062
Debt > 1 year
€2.3m▼
2024 · €2.5m
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 charges60/66A | - | - | - | - | - | €8,603 | €12,859 | €11,362 | ▼ 11.6% |
| Services and other goods61 | - | - | - | - | - | €8,087 | €12,332 | €10,220 | ▼ 17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,466 | €2,466 | €1,739 | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €468 | €469 | €516 | €528 | €1,143 | ▲ 116% |
| Gross operating margin9900 | -€1,857 | -€1,432 | -€3,093 | -€2,106 | -€2,116 | - | - | - | - |
| Operating profit (loss)9901 | -€4,801 | -€4,378 | -€5,299 | -€2,574 | -€2,585 | -€8,603 | -€12,859 | -€11,362 | ▲ 11.6% |
| Financial income75/76B | - | - | - | €6,199 | €538,742 | €551,250 | €661,970 | €5,377 | ▼ 99.2% |
| Recurring financial income75 | €24,700 | €24,700 | €21,850 | €6,199 | €538,742 | €551,250 | €661,970 | €5,377 | ▼ 99.2% |
| Income from financial fixed assets750 | - | - | - | - | - | €545,000 | €650,000 | €0 | ▼ 100% |
| Income from current assets751 | - | - | - | - | - | €6,250 | €11,970 | €5,377 | ▼ 55.1% |
| Financial charges65/66B | - | - | - | €14,189 | €4,617 | €50,147 | €146,864 | €110,669 | ▼ 24.6% |
| Recurring financial charges65 | €20,332 | €20,355 | €20,355 | €14,189 | €4,617 | €50,147 | €146,864 | €110,669 | ▼ 24.6% |
| Debt charges650 | - | - | - | - | - | €49,493 | €146,360 | €110,164 | ▼ 24.7% |
| Other financial charges652/9 | - | - | - | - | - | €655 | €504 | €505 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | -€432 | -€33 | -€3,804 | -€10,564 | €531,540 | €492,500 | €502,247 | -€116,654 | - |
| Income taxes67/77 | €0 | €0 | €0 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€432 | -€33 | -€3,804 | -€10,564 | €531,540 | €492,500 | €502,247 | -€116,654 | - |
| Profit (loss) for the period to be appropriated9905 | -€432 | -€33 | -€3,804 | -€10,564 | €531,540 | €492,500 | €502,247 | -€116,654 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €0.6m | €0.5m | €0.3m | €0.5m | €4.3m | €4.2m | €4.1m | ▼ 2.9% |
| Formation expenses20 | €0.004m | €0.002m | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €0.01m | €0.009m | €0.01m | €0.01m | €0.01m | €4.0m | €4.0m | €4.0m | = |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Financial fixed assets28 | €0.01m | €0.009m | €0.01m | €0.01m | €0.01m | €4.0m | €4.0m | €4.0m | = |
| Affiliated companies280/1 | - | - | - | - | - | €4.0m | €4.0m | €4.0m | = |
| Participating interests280 | - | - | - | - | - | €4.0m | €4.0m | €4.0m | = |
| Current assets29/58 | €0.5m | €0.6m | €0.5m | €0.2m | €0.5m | €0.3m | €0.2m | €0.04m | ▼ 77.1% |
| Amounts receivable after more than one year29 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | - | - | - | - | - | €0.2m | €0 | - | - |
| Other amounts receivable41 | - | - | - | - | - | €0.2m | €0 | - | - |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.05m | €0.1m | €0.1m | €0.4m | €0.005m | €0.03m | €0.04m | ▲ 30.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | €0.006m | €0.006m | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €0.6m | €0.5m | €0.3m | €0.5m | €4.3m | €4.2m | €4.1m | ▼ 2.9% |
| Equity10/15 | -€0.004m | -€0.004m | €0.004m | -€0.006m | €0.5m | €1.0m | €1.5m | €1.4m | ▼ 7.7% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | - | - | - | - | €0.5m | €1.0m | €1.5m | €1.4m | ▼ 7.8% |
| Distributable reserves133 | - | - | - | - | €0.5m | €1.0m | €1.5m | €1.4m | ▼ 7.8% |
| Profit (loss) carried forward14 | -€0.01m | -€0.01m | -€0.01m | -€0.02m | €0 | - | - | - | - |
| Amounts payable17/49 | €0.6m | €0.6m | €0.5m | €0.3m | €0.007m | €3.3m | €2.7m | €2.7m | ▼ 0.2% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €0.5m | €0.3m | €0 | €3.3m | €2.5m | €2.3m | ▼ 8.9% |
| Financial debts170/4 | - | - | - | €0.3m | €0 | €3.3m | €2.5m | €2.2m | ▼ 13.3% |
| Credit institutions173 | - | - | - | - | - | €1.0m | €1.0m | €1.0m | = |
| Other loans174 | - | - | - | - | - | €2.3m | €1.5m | €1.2m | ▼ 22.3% |
| Other amounts payable178/9 | - | - | - | - | - | - | - | €0.1m | - |
| Amounts payable within one year42/48 | €0.002m | - | - | €0.001m | €0.001m | €0.001m | €0.05m | €0.3m | ▲ 496% |
| Trade debts44 | - | - | - | €0.001m | €0.001m | €0.001m | €0.003m | €0.001m | ▼ 69.6% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0.001m | €0.003m | €0.001m | ▼ 69.6% |
| Other amounts payable47/48 | - | - | - | - | €187 | €0.001m | €0.05m | €0.3m | ▲ 531% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.006m | €0.06m | €0.1m | €0.08m | ▼ 39.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€432 | -€33 | -€0.004m | -€0.01m | €0.5m | €0.5m | €0.5m | -€0.1m | - |
| + Depreciation and write-downs630 | €0.002m | €0.002m | €0.002m | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | €0.002m | €0.002m | -€0.002m | -€0.01m | €0.5m | €0.5m | €0.5m | -€0.1m | - |
| Investment in fixed assets (approximation) | - | -€466 | -€0.004m | €135 | €0 | -€4.0m | €0 | €0 | - |
| Change in cash | - | €0.02m | €0.08m | -€0.005m | €0.3m | -€0.4m | €0.02m | €0.008m | ▼ 62.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 28-07-2026 | 2026-00360291 |
| 31-12-2024 | full format | 11-07-2025 | 2025-00265786 |
| 31-12-2023 | full format | 03-07-2024 | 2024-00223125 |
| 31-12-2022 | abbreviated format | 02-06-2023 | 2023-00107454 |
| 31-12-2021 | abbreviated format | 27-06-2022 | 2022-20146954 |
| 31-12-2020 | abbreviated format | 28-06-2021 | 2021-25600440 |
| 31-12-2019 | abbreviated format | 28-07-2020 | 2020-35100228 |
| 31-12-2018 | abbreviated format | 16-07-2019 | 2019-33700082 |
| 31-12-2017 | abbreviated format | 03-07-2018 | 2018-28500392 |
| 31-12-2016 | abbreviated format | 28-07-2017 | 2017-38400268 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.