ECMW
ActiveSummary
ECMW has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €96k and a net result of €168k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 28% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+59
Solvency60▼-40
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 30.99 in 2023; short-term debt: 64.5% and cash: 1.6% of total assets), and 64.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
1 d early
2022
32 d early
2021
3 d early
2020
33 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€96k▼ 25.9%
2023 · €130k
2018: €64k
2019: €62k▼ -3.4% vs 2018lowest in 7 years
2020: €62k▲ +0.2% vs 2019
2021: €95k▲ +53.5% vs 2020
2022: €131k▲ +37.8% vs 2021highest in 7 years
2023: €130k▼ -0.4% vs 2022
2024: €96k▼ -25.9% vs 2023
2018 → 2024
Total assets
€272k▲ 102%
2023 · €135k
2018: €262k
2019: €260k▼ -0.8% vs 2018
2020: €261k▲ +0.5% vs 2019
2021: €238k▼ -8.9% vs 2020
2022: €145k▼ -39.2% vs 2021
2023: €135k▼ -6.9% vs 2022lowest in 7 years
2024: €272k▲ +102% vs 2023highest in 7 years
2018 → 2024
Net result
€168k▲ 8,725%
2023 · €2k
2018: €23k
2019: €22k▼ -2.9% vs 2018
2020: €27k▲ +21.9% vs 2019
2021: €33k▲ +24.2% vs 2020
2022: €36k▲ +8.4% vs 2021
2023: €2k▼ -94.7% vs 2022lowest in 7 years
2024: €168k▲ +8725% vs 2023highest in 7 years
2018 → 2024
Working capital
€75k▼ 42.3%
2023 · €130k
2018: €-33k
2019: €-39k▼ -16.7% vs 2018
2020: €-43k▼ -11.1% vs 2019lowest in 7 years
2021: €-31k▲ +28.5% vs 2020
2022: €134k▲ +533% vs 2021highest in 7 years
2023: €130k▼ -2.7% vs 2022
2024: €75k▼ -42.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€62k-€95k▲ 53.5%€131k▲ 37.8%€130k▼ 0.4%€96k▼ 25.9%
2020: €62klowest in 5 years
2021: €95k▲ +53.5% vs 2020
2022: €131k▲ +37.8% vs 2021highest in 5 years
2023: €130k▼ -0.4% vs 2022
2024: €96k▼ -25.9% vs 2023
Operating result€37k-€49k▲ 31.5%€53k▲ 7.8%€3k▼ 94.8%€219k▲ 7,850%
2020: €37k
2021: €49k▲ +31.5% vs 2020
2022: €53k▲ +7.8% vs 2021
2023: €3k▼ -94.8% vs 2022lowest in 5 years
2024: €219k▲ +7850% vs 2023highest in 5 years
Net result€27k-€33k▲ 24.2%€36k▲ 8.4%€2k▼ 94.7%€168k▲ 8,725%
2020: €27k
2021: €33k▲ +24.2% vs 2020
2022: €36k▲ +8.4% vs 2021
2023: €2k▼ -94.7% vs 2022lowest in 5 years
2024: €168k▲ +8725% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 7,850% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €272k
Fixed assets
€21k
Current assets
€251k
Equity and liabilities €272k
Equity
€96k ▼ 25.9%
Debt
€176k ▲ 3,945%
Debt's share of the balance-sheet total rises from 3.2% to 64.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€222k
Cash flow
€171k
Current ratio
1.43▼
2023 · 30.99
Debt to equity
1.82▲
2023 · 0.03
ROE
174.3%▲
2023 · 1.5%
ROA
61.8%▲
2023 · 1.4%
Interest coverage
1268.00
Debt ≤ 1 year
€176k▲
2023 · €4k
Income taxes
€53k▲
2023 · €806
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€135k€272k▲
Fixed assets21/28-€21k
Tangible fixed assets22/27-€21k
Furniture and vehicles24-€21k
Current assets29/58€135k€251k▲
Amounts receivable within one year40/41€1k€15k▲
Trade receivables40€1k€3k▲
Other amounts receivable41-€12k
Current investments50/53-€230k
Cash at bank and in hand54/58€133k€4k▼
Deferred charges and accrued income490/1-€878
Equity and liabilities
Total equity and liabilities10/49€135k€272k▲
Equity10/15€130k€96k▼
Contributions10/11€25k€25k=
Reserves13€105k€71k▼
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€103k€69k▼
Profit (loss) carried forward14€9€120▲
Amounts payable17/49€4k€176k▲
Amounts payable within one year42/48€4k€176k▲
Trade debts44€1k€877▼
Suppliers440/4€1k€877▼
Taxes, remuneration and social security45€563€6k▲
Taxes450/3€563€6k▲
Other amounts payable47/48€2k€169k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-3k-
Other operating charges640/8€384€2k▲
Gross operating margin9900€533€224k▲
Operating profit (loss)9901€3k€219k▲
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€38€175▲
Recurring financial charges65€38€175▲
Profit (loss) for the period before taxes9903€3k€222k▲
Income taxes67/77€806€53k▲
Profit (loss) for the period9904€2k€168k▲
Profit (loss) for the period to be appropriated9905€2k€168k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€168k▲
Profit (loss) brought forward from the previous period14P€504€9▼
Transfer from equity791/2-€34k
Profit to be distributed694/7€2k€202k▲
Return on contributions (dividend)694€2k€202k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €12k | - | - | €3k | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €3k | €-3k | - | - |
| Other operating charges640/8 | - | €2k | €4k | €384 | €2k | ▲ 328% |
| Gross operating margin9900 | €55k | €63k | €60k | €533 | €224k | ▲ 41,841% |
| Operating profit (loss)9901 | €37k | €49k | €53k | €3k | €219k | ▲ 7,850% |
| Financial income75/76B | - | - | - | - | €3k | - |
| Recurring financial income75 | - | - | - | - | €3k | - |
| Financial charges65/66B | - | €3k | €3k | €38 | €175 | ▲ 361% |
| Recurring financial charges65 | €3k | €3k | €3k | €38 | €175 | ▲ 361% |
| Profit (loss) for the period before taxes9903 | €34k | €46k | €50k | €3k | €222k | ▲ 8,074% |
| Income taxes67/77 | €8k | €13k | €14k | €806 | €53k | ▲ 6,535% |
| Profit (loss) for the period9904 | €27k | €33k | €36k | €2k | €168k | ▲ 8,725% |
| Profit (loss) for the period to be appropriated9905 | €27k | €33k | €36k | €2k | €168k | ▲ 8,725% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €261k | €238k | €145k | €135k | €272k | ▲ 102% |
| Fixed assets21/28 | €217k | €227k | - | - | €21k | - |
| Tangible fixed assets22/27 | €217k | €227k | - | - | €21k | - |
| Land and buildings22 | - | €201k | - | - | - | - |
| Furniture and vehicles24 | - | €25k | - | - | €21k | - |
| Current assets29/58 | €44k | €11k | €145k | €135k | €251k | ▲ 86.4% |
| Amounts receivable within one year40/41 | €5k | €4k | €4k | €1k | €15k | ▲ 1,067% |
| Trade receivables40 | - | €2k | €1k | €1k | €3k | ▲ 159% |
| Other amounts receivable41 | - | €2k | €3k | - | €12k | - |
| Current investments50/53 | - | - | - | - | €230k | - |
| Cash at bank and in hand54/58 | €39k | €7k | €140k | €133k | €4k | ▼ 96.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €878 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €261k | €238k | €145k | €135k | €272k | ▲ 102% |
| Equity10/15 | €62k | €95k | €131k | €130k | €96k | ▼ 25.9% |
| Contributions10/11 | - | €25k | €25k | €25k | €25k | = |
| Reserves13 | €36k | €69k | €105k | €105k | €71k | ▼ 32.2% |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | - | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €67k | €103k | €103k | €69k | ▼ 33.0% |
| Profit (loss) carried forward14 | €455 | €503 | €504 | €9 | €120 | ▲ 1,233% |
| Provisions and deferred taxes16 | - | - | €3k | - | - | - |
| Deferred taxes168 | - | - | €3k | - | - | - |
| Amounts payable17/49 | €199k | €143k | €11k | €4k | €176k | ▲ 3,945% |
| Amounts payable after more than one year17 | €110k | €100k | - | - | - | - |
| Financial debts170/4 | - | €97k | - | - | - | - |
| Other amounts payable178/9 | - | €3k | - | - | - | - |
| Amounts payable within one year42/48 | €87k | €42k | €11k | €4k | €176k | ▲ 3,945% |
| Current portion of amounts payable after more than one year42 | - | €11k | - | - | - | - |
| Trade debts44 | €953 | €130 | €1k | €1k | €877 | ▼ 36.3% |
| Suppliers440/4 | - | €130 | €1k | €1k | €877 | ▼ 36.3% |
| Taxes, remuneration and social security45 | - | €4k | €3k | €563 | €6k | ▲ 945% |
| Taxes450/3 | - | €4k | €3k | €563 | €6k | ▲ 945% |
| Other amounts payable47/48 | - | €27k | €7k | €2k | €169k | ▲ 6,933% |
| Accrued charges and deferred income492/3 | - | €1k | €546 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €33k | €36k | €2k | €168k | ▲ 8,725% |
| + Depreciation and write-downs630 | €16k | €12k | - | - | €3k | - |
| Operating cash flow (approximation) | €42k | €45k | €36k | €2k | €171k | ▲ 8,902% |
| Investment in fixed assets (approximation) | - | €-21k | - | - | - | - |
| Change in cash | - | €-32k | €133k | €-7k | €-129k | ▼ 1,668% |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €168k ▲8,725%
Operating result €219k, net result €168k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €2k ▼94.7%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 30.99
Current ratio from 13.50 to 30.99; short-term debt falls from €11k to €4k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 51current ratio 13.50
Current ratio from 0.26 to 13.50; short-term debt falls from €42k to €11k.
31-12
Financial
Equity above €100kEq €131k ▲37.8%
5 profitable years in a row build equity to €131k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sombreffe
Ground area
738 m²
Building footprint
104 m²
Parcel 92114E0493/00H000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92114E0493/00H000 | Wallonia | 738 m² | 1 · 104 m² | - |
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.
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,466 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
Founded28-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.