ECO ENGINE POWER
Open bankruptcySummary
A bankruptcy procedure is open for ECO ENGINE POWER according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €43k and a net result of €2k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€43k▲ 4.4%
2021 · €41k
2018: €12klowest in 5 years
2019: €35k▲ +187% vs 2018
2020: €38k▲ +7.1% vs 2019
2021: €41k▲ +9.5% vs 2020
2022: €43k▲ +4.4% vs 2021highest in 5 years
2018 → 2022
Total assets
€532k▲ 7.2%
2021 · €496k
2018: €80klowest in 5 years
2019: €172k▲ +115% vs 2018
2020: €296k▲ +72.2% vs 2019
2021: €496k▲ +67.4% vs 2020
2022: €532k▲ +7.2% vs 2021highest in 5 years
2018 → 2022
Net result
€2k▼ 49.6%
2021 · €4k
2018: €399lowest in 5 years
2019: €23k▲ +5659% vs 2018highest in 5 years
2020: €3k▼ -89.0% vs 2019
2021: €4k▲ +41.9% vs 2020
2022: €2k▼ -49.6% vs 2021
2018 → 2022
Working capital
€153k▼ 40.2%
2021 · €257k
2018: €-5k
2019: €-8k▼ -63.4% vs 2018lowest in 5 years
2020: €152k▲ +2101% vs 2019
2021: €257k▲ +69.1% vs 2020highest in 5 years
2022: €153k▼ -40.2% vs 2021
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€12k-€35k▲ 187%€38k▲ 7.1%€41k▲ 9.5%€43k▲ 4.4%
2018: €12klowest in 5 years
2019: €35k▲ +187% vs 2018
2020: €38k▲ +7.1% vs 2019
2021: €41k▲ +9.5% vs 2020
2022: €43k▲ +4.4% vs 2021highest in 5 years
Operating result€2k-€39k▲ 1,836%€2k▼ 93.9%€8k▲ 235%€6k▼ 22.1%
2018: €2klowest in 5 years
2019: €39k▲ +1836% vs 2018highest in 5 years
2020: €2k▼ -93.9% vs 2019
2021: €8k▲ +235% vs 2020
2022: €6k▼ -22.1% vs 2021
Net result€399-€23k▲ 5,659%€3k▼ 89.0%€4k▲ 41.9%€2k▼ 49.6%
2018: €399lowest in 5 years
2019: €23k▲ +5659% vs 2018highest in 5 years
2020: €3k▼ -89.0% vs 2019
2021: €4k▲ +41.9% vs 2020
2022: €2k▼ -49.6% vs 2021
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 22% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €532k
Fixed assets
€151k ▼ 6.3%
Current assets
€381k ▲ 13.7%
Equity and liabilities €532k
Equity
€43k ▲ 4.4%
Debt
€489k ▲ 7.5%
Debt's share of the balance-sheet total rises from 91.7% to 91.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▲
2021 · €22k
Cash flow
€19k▲
2021 · €17k
Current ratio
1.67▼
2021 · 4.27
Quick ratio
1.67▼
2021 · 4.26
Debt to equity
11.33▲
2021 · 11.00
ROE
4.2%▼
2021 · 8.6%
ROA
0.3%▼
2021 · 0.7%
Interest coverage
26.93▲
2021 · 15.86
Debt ≤ 1 year
€228k▲
2021 · €78k
Debt > 1 year
€220k▼
2021 · €247k
Income taxes
€4k▲
2021 · €4k
Staff costs
€83k▲
2021 · €74k
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 · 2022 against 2021 · 56 lines
Balance sheet
Code20212022
Assets
Total assets20/58€496k€532k▲
Fixed assets21/28€161k€151k▼
Tangible fixed assets22/27€101k€87k▼
Plant, machinery and equipment23€21k€18k▼
Furniture and vehicles24€73k€63k▼
Other tangible fixed assets26€7k€5k▼
Financial fixed assets28€60k€64k▲
Current assets29/58€335k€381k▲
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€238k€249k▲
Trade receivables40€229k€247k▲
Other amounts receivable41€9k€2k▼
Cash at bank and in hand54/58€25k€75k▲
Deferred charges and accrued income490/1€71k€56k▼
Equity and liabilities
Total equity and liabilities10/49€496k€532k▲
Equity10/15€41k€43k▲
Contributions10/11€6k€6k=
Reserves13€35k€37k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€33k€35k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€455k€489k▲
Amounts payable after more than one year17€247k€220k▼
Financial debts170/4€247k€220k▼
Amounts payable within one year42/48€78k€228k▲
Current portion of amounts payable after more than one year42€11k€5k▼
Financial debts43-€60k
Other loans439-€60k
Trade debts44€32k€23k▼
Suppliers440/4€32k€23k▼
Advances received on contracts in progress46-€101k
Taxes, remuneration and social security45€35k€39k▲
Taxes450/3€17k€20k▲
Remuneration and social security454/9€19k€19k▼
Accrued charges and deferred income492/3€130k€42k▼
Income statement
Code20212022
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€74k€83k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€17k▲
Other operating charges640/8€7k€4k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€102k€110k▲
Operating profit (loss)9901€8k€6k▼
Financial income75/76B€750€635▼
Recurring financial income75€750€635▼
Financial charges65/66B€1k€874▼
Recurring financial charges65€1k€874▼
Profit (loss) for the period before taxes9903€7k€6k▼
Income taxes67/77€4k€4k▲
Profit (loss) for the period9904€4k€2k▼
Profit (loss) for the period to be appropriated9905€4k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€2k▼
Profit (loss) brought forward from the previous period14P€3k€0▼
Transfer to equity691/2€6k€2k▼
To other reserves6921€6k€2k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €74k | €83k | ▲ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €8k | €6k | €14k | €17k | ▲ 26.5% |
| Other operating charges640/8 | - | - | - | €7k | €4k | ▼ 48.1% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - |
| Gross operating margin9900 | €50k | €116k | €84k | €102k | €110k | ▲ 7.5% |
| Operating profit (loss)9901 | €2k | €39k | €2k | €8k | €6k | ▼ 22.1% |
| Financial income75/76B | - | - | - | €750 | €635 | ▼ 15.3% |
| Recurring financial income75 | €473 | €11 | €653 | €750 | €635 | ▼ 15.3% |
| Financial charges65/66B | - | - | - | €1k | €874 | ▼ 36.0% |
| Recurring financial charges65 | €1k | €378 | €490 | €1k | €874 | ▼ 36.0% |
| Profit (loss) for the period before taxes9903 | €1k | €39k | €3k | €7k | €6k | ▼ 18.8% |
| Income taxes67/77 | €974 | €16k | €0 | €4k | €4k | ▲ 10.8% |
| Profit (loss) for the period9904 | €399 | €23k | €3k | €4k | €2k | ▼ 49.6% |
| Profit (loss) for the period to be appropriated9905 | €399 | €23k | €3k | €4k | €2k | ▼ 49.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €80k | €172k | €296k | €496k | €532k | ▲ 7.2% |
| Formation expenses20 | €170 | - | - | - | - | - |
| Fixed assets21/28 | €17k | €43k | €57k | €161k | €151k | ▼ 6.3% |
| Tangible fixed assets22/27 | €17k | €43k | €33k | €101k | €87k | ▼ 14.2% |
| Plant, machinery and equipment23 | - | - | - | €21k | €18k | ▼ 12.3% |
| Furniture and vehicles24 | - | - | - | €73k | €63k | ▼ 13.5% |
| Other tangible fixed assets26 | - | - | - | €7k | €5k | ▼ 25.4% |
| Financial fixed assets28 | €150 | €150 | €24k | €60k | €64k | ▲ 6.9% |
| Current assets29/58 | €63k | €129k | €240k | €335k | €381k | ▲ 13.7% |
| Stocks and contracts in progress3 | €1k | €1k | €1k | €1k | €1k | = |
| Stocks30/36 | - | - | - | €1k | €1k | = |
| Amounts receivable within one year40/41 | €39k | €58k | €161k | €238k | €249k | ▲ 4.5% |
| Trade receivables40 | - | - | - | €229k | €247k | ▲ 7.8% |
| Other amounts receivable41 | - | - | - | €9k | €2k | ▼ 76.3% |
| Cash at bank and in hand54/58 | €19k | €25k | €18k | €25k | €75k | ▲ 199% |
| Deferred charges and accrued income490/1 | - | - | - | €71k | €56k | ▼ 20.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €80k | €172k | €296k | €496k | €532k | ▲ 7.2% |
| Equity10/15 | €12k | €35k | €38k | €41k | €43k | ▲ 4.4% |
| Contributions10/11 | €6k | €6k | - | €6k | €6k | = |
| Reserves13 | €6k | €29k | €29k | €35k | €37k | ▲ 5.2% |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €33k | €35k | ▲ 5.5% |
| Profit (loss) carried forward14 | - | - | €3k | €0 | - | - |
| Amounts payable17/49 | €68k | €137k | €259k | €455k | €489k | ▲ 7.5% |
| Amounts payable after more than one year17 | - | - | €8k | €247k | €220k | ▼ 11.0% |
| Financial debts170/4 | - | - | - | €247k | €220k | ▼ 11.0% |
| Amounts payable within one year42/48 | €68k | €137k | €88k | €78k | €228k | ▲ 190% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11k | €5k | ▼ 56.6% |
| Financial debts43 | - | - | - | - | €60k | - |
| Other loans439 | - | - | - | - | €60k | - |
| Trade debts44 | €36k | €88k | €60k | €32k | €23k | ▼ 29.5% |
| Suppliers440/4 | - | - | - | €32k | €23k | ▼ 29.5% |
| Advances received on contracts in progress46 | - | - | - | - | €101k | - |
| Taxes, remuneration and social security45 | - | - | - | €35k | €39k | ▲ 10.9% |
| Taxes450/3 | - | - | - | €17k | €20k | ▲ 23.3% |
| Remuneration and social security454/9 | - | - | - | €19k | €19k | ▼ 0.2% |
| Accrued charges and deferred income492/3 | - | - | - | €130k | €42k | ▼ 67.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €399 | €23k | €3k | €4k | €2k | ▼ 49.6% |
| + Depreciation and write-downs630 | €5k | €8k | €6k | €14k | €17k | ▲ 26.5% |
| Operating cash flow (approximation) | €5k | €31k | €8k | €17k | €19k | ▲ 10.8% |
| Investment in fixed assets (approximation) | - | €-34k | €-20k | €-118k | €-7k | ▲ 93.9% |
| Change in cash | - | €6k | €-7k | €7k | €50k | ▲ 574% |
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
2024
18-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 12-07-2024
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 142 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 2.73
Current ratio from 0.94 to 2.73; short-term debt falls from €137k to €88k.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Highest result since 2018net €23k ▲5,659%
Operating result €39k, net result €23k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
SignalFinancial 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, Brugge · 1 establishment unit since 2014
Ground area
1.7 ha
Building footprint
3,258 m²
Volume, LiDAR
11,876 m³
Parcel 31808K0415/00D000, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Classic Tours
since 20142.238.225.312
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0415/00D000 | Flanders | 1.7 ha | 1 · 3,258 m² | 7.2 m · 1 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | YVES CASTERMANS HOUTKAAI 15/02, 8000 BRUGGE- |
12-07-2024 → present |
| Curator | MARC CASTERMANS HOUTKAAI 15/02, 8000 BRUGGE- marc.castermans@castermans-
advocaten.be |
12-07-2024 → present |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 2,717 EUR awarded · 2,717 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,485 EUR | 2,312 EUR |
| 2022 | 1 | 1,232 EUR | 405 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
47820Retail sale of motor vehicle parts and accessories
62200Computer consultancy and computer facilities management
85592Vocational training
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.