ECO CONCEPT START
ActiveSummary
The computed 12-month bankruptcy probability of ECO CONCEPT START is 3.6% (moderate). The annual accounts of ECO CONCEPT START for fiscal year 2024 show a net loss of 92% of total assets and of 68% of the equity at the start of that year. The 2024 annual accounts show equity of €9k and a net result of €-20k. Equity is shrinking by ~27.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 51% of 9982 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-89
Solvency68▼-13
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.11 against 1.75 in 2023; short-term debt: 56.9% and cash: 44.5% of total assets), and 56.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
43.1%
Return on assets
-91.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
47 d late
2023
28 d late
2022
211 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€9k▼ 68.1%
2023 · €29k
2022: €21k
2023: €29k
2022 → 2024
Total assets
€22k▼ 58.2%
2023 · €52k
2022: €74k
2023: €52k
2022 → 2024
Net result
€-20k
2023 · €9k
2022: €11k
2023: €9k
2022 → 2024
Working capital
€1k▼ 92.1%
2023 · €17k
2022: €6k
2023: €17k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€21k-€29k▲ 41.5%€9k▼ 68.1%
Operating result€11k-€9k▼ 19.1%€-20k
Net result€11k-€9k▼ 20.0%€-20k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €20k after €9k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €22k
Fixed assets
€8k ▼ 34.8%
Current assets
€14k ▼ 65.5%
Equity and liabilities €22k
Equity
€9k ▼ 68.1%
Debt
€12k ▼ 45.4%
Debt's share of the balance-sheet total rises from 43.6% to 56.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-15k▼
2023 · €13k
Cash flow
€-15k▼
2023 · €13k
Current ratio
1.11▼
2023 · 1.75
Debt to equity
1.32▲
2023 · 0.77
ROE
-213.5%▼
2023 · 29.3%
ROA
-91.9%▼
2023 · 16.5%
Interest coverage
-103.45▼
2023 · 82.21
Debt ≤ 1 year
€12k▼
2023 · €23k
Staff costs
€0▼
2023 · €25k
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 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€52k€22k▼
Fixed assets21/28€12k€8k▼
Intangible fixed assets21€1k€350▼
Tangible fixed assets22/27€11k€8k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€6k€4k▼
Current assets29/58€40k€14k▼
Amounts receivable within one year40/41€33k€4k▼
Trade receivables40€27k€0▼
Other amounts receivable41€6k€4k▼
Cash at bank and in hand54/58€7k€10k▲
Equity and liabilities
Total equity and liabilities10/49€52k€22k▼
Equity10/15€29k€9k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€19k€-616▼
Amounts payable17/49€23k€12k▼
Amounts payable within one year42/48€23k€12k▼
Trade debts44€17k€5k▼
Suppliers440/4€17k€5k▼
Taxes, remuneration and social security45€1k€1k▲
Taxes450/3€10€10=
Remuneration and social security454/9€1k€1k▲
Other amounts payable47/48€4k€6k▲
Income statement
Code20232024
Remuneration, social security and pensions62€25k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€384€387▲
Non-recurring operating charges66A€896€0▼
Gross operating margin9900€39k€-14k▼
Operating profit (loss)9901€9k€-20k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€159€143▼
Recurring financial charges65€159€143▼
Profit (loss) for the period before taxes9903€9k€-20k▼
Profit (loss) for the period9904€9k€-20k▼
Profit (loss) for the period to be appropriated9905€9k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€-616▼
Profit (loss) brought forward from the previous period14P€11k€19k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
31-12
Financial
Weakest financial yearnet €-20k ▼332%
Net result drops to €-20k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 211 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tienen · 1 establishment unit since 2021
Ground area
813 m²
Building footprint
799 m²
Volume, LiDAR
6,503 m³
2 parcels, Flanders, Wallonia · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ECO CONCEPT START
since 20212.320.820.911
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63079A1445/00B008 | Wallonia | 412 m² | 1 · 425 m² | 13.7 m · 3 fl. |
| 24593G0715/00A000 | Flanders | 401 m² | 1 · 375 m² | 11.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 9,040 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
47521Retail sale of hardware, building materials, paint and glass (general range)
77320Rental and leasing activities
77394Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.