ECO-DEV
ActiveSummary
ECO-DEV has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€173,819) and a net result of -€160,596. Equity is shrinking by ~86.7% per year across the filed fiscal years. Its solvency ranks better than 8% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-23
Growth32=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.66 in 2024; short-term debt: 66.2% and cash: 0.3% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-25.1%
Return on assets
-23.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€173,819
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 4 filingsDeviation from the deadline
2025
10 d late
2024
30 d early
2023
110 d late
2022
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 company by total assets in Hannut, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€160,596▲ 33.0%
2024 · -€239,721
Working capital
-€267,455▼ 68.1%
2024 · -€159,123
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€88,987--€145,190▼ 63.2%-€141,487▲ 2.6%-€92,288▲ 34.8%
Net result-€89,199--€212,304▼ 138%-€239,721▼ 12.9%-€160,596▲ 33.0%
Equity€325,801-€213,998▼ 34.3%-€13,223-€173,819▼ 1,215%
Total assets€411,824-€1.6m▲ 292%€808,105▼ 50.0%€693,499▼ 14.2%
Debt€86,023-€1.4m▲ 1,530%€821,328▼ 41.4%€867,318▲ 5.6%
Working capital€306,941-€84,222▼ 72.6%-€159,123-€267,455▼ 68.1%
Why a figure moved sharply
- 2023 Net result -138% on 2022. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €92,288 in 2025 against €141,487 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €693,499
Fixed assets
€501,753 ▼ 0.3%
Current assets
€191,746 ▼ 37.1%
Key figures and ratios
EBITDA
-€90,865▲
2024 · -€135,796
Cash flow
-€159,174▲
2024 · -€234,030
Solvency
-25.1%▼
2024 · -1.6%
Current ratio
0.42▼
2024 · 0.66
Quick ratio
0.06▼
2024 · 0.20
Debt to equity
-4.99▲
2024 · -62.11
ROA
-23.2%▲
2024 · -29.7%
Interest coverage
-1.33▲
2024 · -1.38
Debt ≤ 1 year
€459,201▼
2024 · €464,052
Debt > 1 year
€320,000=
2024 · €320,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €82,000 | - | - | - | - |
| Remuneration, social security and pensions62 | €4,825 | €5,314 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,351 | €5,691 | €5,691 | €1,423 | ▼ 75.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,476 | - | - | - |
| Other operating charges640/8 | €2,330 | €19,006 | €2,617 | €1,798 | ▼ 31.3% |
| Non-recurring operating charges66A | - | - | - | €5,555 | - |
| Gross operating margin9900 | -€74,481 | -€113,703 | -€133,179 | -€83,512 | ▲ 37.3% |
| Operating profit (loss)9901 | -€88,987 | -€145,190 | -€141,487 | -€92,288 | ▲ 34.8% |
| Financial income75/76B | - | - | €33 | €58 | ▲ 75.8% |
| Recurring financial income75 | - | - | €33 | €58 | ▲ 75.8% |
| Financial charges65/66B | €212 | €67,114 | €98,267 | €68,366 | ▼ 30.4% |
| Recurring financial charges65 | €212 | €67,114 | €98,267 | €68,366 | ▼ 30.4% |
| Profit (loss) for the period before taxes9903 | -€89,199 | -€212,304 | -€239,721 | -€160,596 | ▲ 33.0% |
| Profit (loss) for the period9904 | -€89,199 | -€212,304 | -€239,721 | -€160,596 | ▲ 33.0% |
| Profit (loss) for the period to be appropriated9905 | -€89,199 | -€212,304 | -€239,721 | -€160,596 | ▲ 33.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €411,824 | €1.6m | €808,105 | €693,499 | ▼ 14.2% |
| Fixed assets21/28 | €39,558 | €508,867 | €503,176 | €501,753 | ▼ 0.3% |
| Intangible fixed assets21 | €3,849 | €2,973 | €2,097 | €1,878 | ▼ 10.4% |
| Tangible fixed assets22/27 | €35,709 | €30,894 | €26,079 | €24,875 | ▼ 4.6% |
| Furniture and vehicles24 | €9,340 | €8,116 | €6,892 | €6,585 | ▼ 4.4% |
| Other tangible fixed assets26 | €26,368 | €22,778 | €19,187 | €18,290 | ▼ 4.7% |
| Financial fixed assets28 | - | €475,000 | €475,000 | €475,000 | = |
| Current assets29/58 | €372,267 | €1.1m | €304,929 | €191,746 | ▼ 37.1% |
| Stocks and contracts in progress3 | €127,520 | €748,178 | €211,383 | €162,549 | ▼ 23.1% |
| Stocks30/36 | €127,520 | €748,178 | €211,383 | €162,549 | ▼ 23.1% |
| Amounts receivable within one year40/41 | €174,235 | €306,944 | €30,144 | €27,029 | ▼ 10.3% |
| Trade receivables40 | €109,714 | €293,444 | €2,301 | - | - |
| Other amounts receivable41 | €64,521 | €13,500 | €27,843 | €27,029 | ▼ 2.9% |
| Cash at bank and in hand54/58 | €69,749 | €51,248 | €62,943 | €1,857 | ▼ 97.0% |
| Deferred charges and accrued income490/1 | €763 | €758 | €459 | €310 | ▼ 32.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €411,824 | €1.6m | €808,105 | €693,499 | ▼ 14.2% |
| Equity10/15 | €325,801 | €213,998 | -€13,223 | -€173,819 | ▼ 1,215% |
| Contributions10/11 | €415,000 | €515,500 | €528,000 | €528,000 | = |
| Profit (loss) carried forward14 | -€89,199 | -€301,502 | -€541,223 | -€701,819 | ▼ 29.7% |
| Amounts payable17/49 | €86,023 | €1.4m | €821,328 | €867,318 | ▲ 5.6% |
| Amounts payable after more than one year17 | - | €350,000 | €320,000 | €320,000 | = |
| Financial debts170/4 | - | €350,000 | €320,000 | €320,000 | = |
| Amounts payable within one year42/48 | €65,326 | €1.0m | €464,052 | €459,201 | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - |
| Financial debts43 | - | €888,016 | €450,000 | €450,000 | = |
| Credit institutions430/8 | - | €888,016 | €450,000 | €450,000 | = |
| Trade debts44 | €48,163 | €97,172 | €13,481 | €8,680 | ▼ 35.6% |
| Suppliers440/4 | €48,163 | €97,172 | €13,481 | €8,680 | ▼ 35.6% |
| Taxes, remuneration and social security45 | €17,163 | €37,197 | €50 | - | - |
| Taxes450/3 | €15,695 | €37,147 | €0 | - | - |
| Remuneration and social security454/9 | €1,467 | €50 | €50 | - | - |
| Other amounts payable47/48 | - | €521 | €521 | €521 | = |
| Accrued charges and deferred income492/3 | €20,698 | €29,091 | €37,276 | €88,118 | ▲ 136% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€89,199 | -€212,304 | -€239,721 | -€160,596 | ▲ 33.0% |
| + Depreciation and write-downs630 | €7,351 | €5,691 | €5,691 | €1,423 | ▼ 75.0% |
| Operating cash flow (approximation) | -€81,847 | -€206,613 | -€234,030 | -€159,174 | ▲ 32.0% |
| Investment in fixed assets (approximation) | - | -€475,000 | €0 | €0 | - |
| Change in cash | - | -€18,501 | €11,695 | -€61,086 | ▼ 622% |
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
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€239,721
Net result drops to -€239,721, the lowest in the series; recovery starts the following year.
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 110 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Hannut · 1 establishment unit since 2021
Ground area
5,551 m²
Building footprint
960 m²
Volume, LiDAR
4,989 m³
Parcel 64034B0224/00R000, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
ECO-DEV
since 20212.328.133.721
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64034B0224/00R000 | Wallonia | 5,551 m² | 1 · 960 m² | 7.1 m · 2 fl. |
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.
Structure & network
Owners and holdings
3 ownersChain of control
- LUCAS DAVID
- ECO-DEV
Highest known parent: LUCAS DAVID. The sources do not say who stands above it.
Owners 3
- LUCAS DAVIDparent100%
-
3%
-
2.9%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,308 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded19-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0766858937
Registered
13-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.