Active BE 0860.621.810Private limited company

ECO CONSTRUCT

Warande 8 ·9971 Kaprijke, Belgium· 23 yrs active

Sector: Installation of electric heating, air conditioning, cooling and ventilation (43222)

Conclusion Checked

ECO CONSTRUCT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €379k and a net result of €32k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 42% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€379k
Net result	€32k
Staff (FTE)	0.7
Better than sector	42%

Financial profile 5 of 5 axes measured · computed by Checked

73 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 87

Profitability 42

Solvency 84

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.7% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2003, 23 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

87 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€35k

estimate, not credit advice

Score history

93 2022

70 2023

94 2024

87 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 3.38 (≥ 1.5) +10

Quick ratio Quick ratio 1.71 (≥ 1.0) +5

Leverage Debt/equity 1.51 (< 2.0) +3

Profitability ROE 8% +3

Interest coverage Interest coverage 8.1× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview20 NBB filings

Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 4 fiscal years (±2.5%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	39.8%	47.4%	better than 42% of 26547 sector peers
Net result	€32k	€10k	better than 77% of 26539 sector peers
Equity	€379k	€60k	better than 93% of 26557 sector peers
Gross operating margin	€164k	€39k	better than 87% of 26517 sector peers
Staff costs	€37k	€40k	higher than 49% of 10249 sector peers

EBITDA

€116k

+67.2% 22-25

Net profit

€32k

+284.1% 22-25

Cash flow

€94k

+38.4% 22-25

Total assets

€954k

+79.5% 22-25

Equity

€379k

+9.2% 22-25

Working capital

€585k

+131.9% 22-25

Employees (FTE)

1

- 22-25

Staff costs

€37k

+9189.4% 22-25

Income taxes

€8k

-67.2% 22-25

Debt

€574k

+212.3% 22-25

Debt ≤ 1y

€246k

+120.1% 22-25

Debt > 1y

€325k

+370.5% 22-25

Current ratio

3.38

+3.7% 22-25

Quick ratio

1.71

-47.5% 22-25

Solvency

39.8%

-39.2% 22-25

Debt / equity

1.51

+186.0% 22-25

ROE

8.5%

+251.7% 22-25

ROA

3.4%

+114.0% 22-25

Interest coverage

8.10

-79.6% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	micro schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-
EBITDA	€116k	€70k	€35k	€136k
Net profit	€32k	€8k	€-13k	€49k
Cash flow	€94k	€68k	€32k	€97k
Staff costs	€37k	€399	-	-
Income taxes	€8k	-	-	€25k
Dividends	-	-	-	-
Total assets	€954k	€531k	€556k	€606k
Equity	€379k	€347k	€339k	€352k
Debt	€574k	€184k	€217k	€254k
of which ≤ 1y	€246k	€112k	€117k	€114k
of which > 1y	€325k	€69k	€100k	€139k
Working capital	€585k	€252k	€282k	€343k
Employees (FTE)	0.7	-	-	-

Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022
Current ratio	3.38	3.26	3.41	4.02
Quick ratio	1.71	3.26	3.41	4.02
Working capital ratio	61.4%	47.5%	50.7%	56.5%
Solvency	39.8%	65.4%	61.0%	58.0%
Debt / equity	1.51	0.53	0.64	0.72
Long-term debt ratio	0.86	0.20	0.29	0.40
Interest coverage	8.10	39.81	12.63	14.90
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	3.4%	1.6%	-2.3%	8.0%
ROE	8.5%	2.4%	-3.8%	13.8%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €122k · 12.8% Current assets €831k · 87.2%

Equity & liabilities

Equity €379k · 39.8% Debt €574k · 60.2%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€954k	€531k	€556k	€606k
Fixed assets	21/28	€122k	€167k	€157k	€150k
Tangible fixed assets	22/27	€122k	€167k	€157k	€150k
Current assets	29/58	€831k	€364k	€400k	€456k
Stocks & contracts in progress	3	€410k	-	-	-
Amounts receivable within one year	40/41	€394k	€301k	€354k	€417k
Cash & bank	54/58	€24k	€53k	€43k	€37k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€954k	€531k	€556k	€606k
Equity	10/15	€379k	€347k	€339k	€352k
Contributions / capital	10/11	€20k	€20k	€20k	€20k
Reserves	13	€359k	€88k	€88k	€88k
Accumulated profits (losses)	14	€0	€239k	€231k	€244k
Amounts payable	17/49	€574k	€184k	€217k	€254k
Amounts payable after one year	17	€325k	€69k	€100k	€139k
Amounts payable within one year	42/48	€246k	€112k	€117k	€114k
Trade debts payable within one year	44	€43k	€32k	€52k	€35k
Income statement
Gross operating margin	9900	€164k	€72k	€44k	€142k
Operating result	9901	€54k	€10k	€-10k	€87k
Financial income	75	€263	€72	€225	-
Financial charges	65	€14k	€2k	€3k	€9k
Result before taxes	9903	€40k	€8k	€-13k	€74k
Income taxes	67/77	€8k	-	-	€25k
Net result for the period	9904	€32k	€8k	€-13k	€49k
Result to be appropriated	9905	€32k	€8k	€-13k	€49k

Directors & mandates 2 directors

Current directors & mandates

DE SUTTER Danny
Director
State Gazette act 21375408 (20-12-2021)

Current
20-12-2021 → present

Former directors (1)

Francis De Sutter
Manager
State Gazette act 26026521 (23-02-2026)

Former
- → 01-09-2025

Legal Structure

NACE primary	Installation of electric heating, air conditioning, cooling and ventilation(43222)
Legal form	Private limited company(610)
Incorporation	11-06-2003
Status	Active
Postal code	9971

Establishment units 1 location

Eco Construct BVBA

Warande 8, 9971 KaprijkeNACE 4522002

since 20032.132.935.473

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
43009B1252/00C000	Flanders	2,615 m²	1 · 251 m²	9.7 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 14 events

All 16Financial 2Gazette 4Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

23-02

State Gazette act Director changes

v3.2

30-01

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

10-10

State Gazette act Director changes

v3.2

2024

26-12

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

30-06

Financial Back to profitnet €8k

Net result €8k after one loss-making year.

26-02

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 26 days late

2023

30-06

Financial Weakest financial yearnet €-13k ▼127%

Net result drops to €-13k, the lowest in the series; recovery starts the following year.

24-02

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 24 days late

2021

20-12

State Gazette act Statutes amendment

v3.2

29-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

29-12

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 152 days late

2019

29-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 32 days late

2017

21-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 53 days late

2015

16-10

State Gazette act Statutes amendment

v3.2

31-08

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 31 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 6 acts read

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 4 acts

All acts · 4 updated 6 months ago

2026

23-02-2026 Francis De Sutter resigns as manager Director changes

Francis De Sutter, Zaakvoerder

Summary: v3.2

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_out",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "Francis De Sutter",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-09-01",
      "evidence_quote": "Het bestuursorgaan beslist tot het ontslag van Francis De Sutter, met woonplaats te 9971 Lembeke Warande 8, als persoon belast met dagelijks bestuur met ingang op 01/09/2025."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0860.621.810",
    "name_full": "ECO CONSTRUCT",
    "legal_form": "BV"
  }
}

2025

10-10-2025 Change in the board of directors Director changes

Summary: v3.2

Original publication ↗

Technical details

{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0860.621.810",
    "name_full": "ECO CONSTRUCT",
    "legal_form": "BV"
  }
}

2021

20-12-2021 Articles of association amended Statutes amendment

Summary: v3.2

Original publication ↗

Technical details

{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2021-12-16",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0860.621.810",
    "name_full": "ECO CONSTRUCT",
    "legal_form": "BVBA"
  },
  "signature_regime": "solo",
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}

2015

16-10-2015 Articles of association amended Statutes amendment

Summary: v3.2

Original publication ↗

Technical details

{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2015-10-17",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0860.621.810",
    "name_full": "ECO CONSTRUCT",
    "legal_form": "BVBA"
  },
  "signature_regime": null,
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

28220Installation of electric heating, air conditioning, cooling and ventilation43222Holdings64200Activities of holding companies64210General electrical installation work4321145310

Names & trade names

Legal nameNL

ECO CONSTRUCT

Similar companies Comparable size · 5,527 of 9,466 companies in this sector with filed accounts

HOUPLINE BE 0861.463.136 · Avelgem

t-tec BE 0840.390.281 · Oostrozebeke

Olivier LAMBY BE 0892.283.204 · Waimes

JOOKEN BE 0746.941.273 · Diepenbeek

ESCO-THERM BE 0873.240.025 · Zele