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Ecluse

Active
Private limited companyfounded 2014active for 12 yearsMolenweg(KAL) ZN, 9130 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0563.952.258
Summary

Ecluse has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29.2m and a net result of €523,735. Equity remains stable across the filed financial years (±2.2% per year). Its solvency ranks better than 62% of 344 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Electricity, gas, steam and air conditioning supply
NACE 35300
7th largest company by equity in East Flanders, Energy sector1 site
Size
€63.6mtotal assets 2025
Equity
€29.2m
Profit
€523,735
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Largest shareholder
FINEG · 29.23%
Board
9 members
Holdings
1
Accounts 42 days early3 of 15 deeds read
Why 93raises risk1 change of registered office in 24 monthsLiquidity: current ratio 2.89, cash €1.1mlowers riskSize: total assets €63.6mFigures for financial year 2025 (filed 19-06-2026)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 71% of its sector peers (NACE 35, large)
Financial strength · tick = 2024
Strong
Solvency 71+4
equity 46.0% of total assets
Liquidity 52=
short-term debt 4.9% · cash 1.7%
Profitability 70+3
return on assets 0.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (54 companies, NACE 35, large)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025lowest value 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: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026highest value 07-2026: 0.1%▼ -0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €2,700,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.89, compared with 4.55 in 2024, above the usual 1.5; short-term debt: 4.9% and cash: 1.7% of total assets), but 54% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 35, large): better than 76% on solvency, 59% on liquidity, 56% on profitability and 92% on growth.

The bankruptcy probability was computed on 14-10-2026 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.

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

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €63.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 2.89, cash €1.1m
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 19-06-2026)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €29.2m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
42 days early
2024
50 days early
2023
50 days early
2022
11 days early
2021
67 days early
2020
71 days early
2019
18 days 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 44 days before the deadline; the sector median (NACE 35) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Resignations: Bart Martens (director) and Dirk…Appointment: Sven Vlietinck (director)
  3. Back to profitnet €523,735

Key points

  • Positive: Back in profit in 2025after -€417,625 in 2024 €523,735 View
  • Positive: Among the best 5% on equitysector median €424,375 · 344 companies €29.2m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Flemish supportawarded from 2022 to 2025 €9.6m View
  • Board changedlatest change 03-02-2026 · 9 in office 1 joined · 1 left View

By topic

Financials

Financial year
2025
Total assets
€63.6m
Profit
€523,735
Solvency
46.0%
Turnover▼ 1.1%
Net result
20192020
Go to Financials

Board & ownership

Board
9 members
Largest shareholder
FINEG · 29.23%
  • Sven VlietinckChair
  • Bart MartensDirector
  • Didier Van OsselaerDirector
  • Johannes de VoogdDirector
  • Koen De SchutterDirector

and 4 other directors

Go to Board & ownership

Timeline

Events
20
Since
2016
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €25m
  2. 29-08-2025Appointments: Marc Das, Matty Bouvez and 7…
  3. 11-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Electricity, gas, steam and air conditioning supplyNACE 35300
Founded
13-10-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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