ECO.LO.GI

Active

Private limited company (pre-2019)founded 201411 yrs activeRue Malgarny 161, 4420 Saint-Nicolas, BelgiumKBO/BCE: BE 0566.914.124

Summary

The computed 12-month bankruptcy probability of ECO.LO.GI is 1.6% (moderate). The latest annual accounts of ECO.LO.GI were filed more than 90 days after the deadline. The 2019 annual accounts show equity of €8k and a net result of €2k. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

No current score

Figures too old

The available figures for FY 2019 are too old to assess current financial health.

Filing: Filed more than 90 days late

Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.

Axes, FY 2019 · tick = 2018

Profitability42▲+11

Solvency33▲+2

Growth78

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 2019

Solvency, return and age of the figures

Solvency

7.6%

Return on assets

1.8%

Age of the figures

81 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

No filing for years

The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 5 filings

Position against the passed deadline

31-12-2020 close31-07-2021 deadline24-09-2026 today

Filed more than 90 days late

The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 30-10-2020, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

91 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2019, micro schema

Turnover

€125k

EBIT margin

0.5%

Net result

€2k▲ 442%

2018 · €366

2018: €366

2018 → 2019

Working capital

€6k▲ 80.8%

2018 · €3k

2018: €3k

2018 → 2019

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182019Trend

Turnover€125k-

Equity€6k-€8k▲ 31.3%

Operating result€638-€3k▲ 337%

Net result€366-€2k▲ 442%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2019; 2019 is 337% above 2018.

Balance-sheet composition

2019 in colour, 2018 as the grey bar beneath

Assets €109k

97.7%

Fixed assets €3k ▼ 17.0%

Current assets €107k ▼ 2.1%

Equity and liabilities €109k

92.4%

Equity €8k ▲ 31.3%

Debt €101k ▼ 4.5%

Debt's share of the balance-sheet total falls from 94.3% to 92.4%. Equity is higher and debt is lower.

Key figures and ratios

2019 value · change against 2018

EBITDA

€3k▲

2018 · €1k

Cash flow

€3k▲

2018 · €890

Current ratio

1.06▲

2018 · 1.03

Quick ratio

0.75▲

2018 · 0.70

ROE

23.8%▲

2018 · 5.8%

ROA

1.8%▲

2018 · 0.3%

Debt ≤ 1 year

€101k▼

2018 · €106k

Income taxes

€696▲

2018 · €97

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 · 2019 against 2018 · 25 lines

Balance sheet Code20182019

Assets

Total assets20/58€112k€109k▼

Fixed assets21/28€3k€3k▼

Tangible fixed assets22/27€3k€3k▼

Current assets29/58€109k€107k▼

Stocks and contracts in progress3€35k€31k▼

Amounts receivable within one year40/41€64k€65k▲

Cash at bank and in hand54/58€11k€11k▼

Equity and liabilities

Total equity and liabilities10/49€112k€109k▼

Equity10/15€6k€8k▲

Contributions10/11€6k€6k=

Reserves13€82€82=

Profit (loss) carried forward14€55€2k▲

Amounts payable17/49€106k€101k▼

Amounts payable within one year42/48€106k€101k▼

Trade debts44€40k€17k▼

Income statement Code20182019

Turnover70€125k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€524€524=

Gross operating margin9900€2k€5k▲

Operating profit (loss)9901€638€3k▲

Recurring financial income75-€26

Recurring financial charges65€174€133▼

Profit (loss) for the period before taxes9903€463€3k▲

Income taxes67/77€97€696▲

Profit (loss) for the period9904€366€2k▲

Profit (loss) for the period to be appropriated9905€366€2k▲

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