ECO MAX
ActiveSummary
ECO MAX has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-244k) and a net result of €1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+33
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.81 in 2024; short-term debt: 111.8% and cash: 3.9% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
-58.9%
Return on assets
0.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 7838 sector peers (2025).
NBB · sector comparisonPosition among 7838 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
302 d late
2023
29 d late
2022
31 d late
2021
3 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-244k▲ 0.6%
2024 · €-246k
2018: €-105k
2019: €-55k▲ +47.3% vs 2018
2020: €-25k▲ +55.5% vs 2019
2021: €-6k▲ +76.0% vs 2020
2022: €13k▲ +328% vs 2021
2023: €21k▲ +53.4% vs 2022highest in 8 years
2024: €-246k▼ -1288% vs 2023lowest in 8 years
2025: €-244k▲ +0.6% vs 2024
2018 → 2025
Total assets
€415k▼ 14.7%
2024 · €487k
2018: €297klowest in 8 years
2019: €408k▲ +37.3% vs 2018
2020: €504k▲ +23.6% vs 2019
2021: €509k▲ +1.0% vs 2020
2022: €578k▲ +13.5% vs 2021highest in 8 years
2023: €486k▼ -15.9% vs 2022
2024: €487k▲ +0.1% vs 2023
2025: €415k▼ -14.7% vs 2024
2018 → 2025
Net result
€1k
2024 · €-266k
2018: €-140k
2019: €50k▲ +136% vs 2018highest in 8 years
2020: €31k▼ -38.2% vs 2019
2021: €19k▼ -39.0% vs 2020
2022: €19k▲ +3.3% vs 2021
2023: €7k▼ -62.9% vs 2022
2024: €-266k▼ -3797% vs 2023lowest in 8 years
2025: €1k▲ +101% vs 2024
2018 → 2025
Working capital
€-100k▼ 7.1%
2024 · €-93k
2018: €-205klowest in 8 years
2019: €-134k▲ +34.9% vs 2018
2020: €-126k▲ +5.9% vs 2019
2021: €-96k▲ +23.5% vs 2020
2022: €-35k▲ +64.0% vs 2021highest in 8 years
2023: €-35k▼ -1.2% vs 2022
2024: €-93k▼ -167% vs 2023
2025: €-100k▼ -7.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-6k-€13k€21k▲ 53.4%€-246k€-244k▲ 0.6%
2021: €-6k
2022: €13k▲ +328% vs 2021
2023: €21k▲ +53.4% vs 2022highest in 5 years
2024: €-246k▼ -1288% vs 2023lowest in 5 years
2025: €-244k▲ +0.6% vs 2024
Operating result€36k-€30k▼ 15.3%€20k▼ 33.5%€-255k€9k
2021: €36khighest in 5 years
2022: €30k▼ -15.3% vs 2021
2023: €20k▼ -33.5% vs 2022
2024: €-255k▼ -1361% vs 2023lowest in 5 years
2025: €9k▲ +103% vs 2024
Net result€19k-€19k▲ 3.3%€7k▼ 62.9%€-266k€1k
2021: €19k
2022: €19k▲ +3.3% vs 2021highest in 5 years
2023: €7k▼ -62.9% vs 2022
2024: €-266k▼ -3797% vs 2023lowest in 5 years
2025: €1k▲ +101% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9k after a loss of €255k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €415k
Fixed assets
€51k ▼ 33.7%
Current assets
€364k ▼ 11.2%
Key figures and ratios
EBITDA
€44k▲
2024 · €-215k
Cash flow
€37k▲
2024 · €-226k
Solvency
-58.9%▼
2024 · -50.5%
Current ratio
0.78▼
2024 · 0.81
Quick ratio
0.70▼
2024 · 0.78
Debt to equity
-2.70▲
2024 · -2.98
ROA
0.3%▲
2024 · -54.7%
Interest coverage
1.69▲
2024 · -19.05
Debt
€659k▼
2024 · €732k
Debt ≤ 1 year
€464k▼
2024 · €503k
Debt > 1 year
€178k▼
2024 · €222k
Income taxes
€2k▲
2024 · €376
Staff costs
€163k▼
2024 · €198k
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€487k€415k▼
Fixed assets21/28€77k€51k▼
Tangible fixed assets22/27€75k€49k▼
Plant, machinery and equipment23€12k€7k▼
Furniture and vehicles24€33k€16k▼
Other tangible fixed assets26€31k€27k▼
Financial fixed assets28€2k€2k=
Current assets29/58€410k€364k▼
Stocks and contracts in progress3€15k€37k▲
Stocks30/36€15k€37k▲
Amounts receivable within one year40/41€349k€310k▼
Trade receivables40€274k€230k▼
Other amounts receivable41€75k€81k▲
Cash at bank and in hand54/58€44k€16k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€487k€415k▼
Equity10/15€-246k€-244k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-266k€-265k▲
Amounts payable17/49€732k€659k▼
Amounts payable after more than one year17€222k€178k▼
Financial debts170/4€222k€178k▼
Amounts payable within one year42/48€503k€464k▼
Current portion of amounts payable after more than one year42€30k€30k▼
Trade debts44€272k€215k▼
Suppliers440/4€272k€215k▼
Taxes, remuneration and social security45€30k€15k▼
Taxes450/3€7k€1k▼
Remuneration and social security454/9€23k€14k▼
Other amounts payable47/48€171k€204k▲
Accrued charges and deferred income492/3€7k€17k▲
Income statement
Code20242025
Remuneration, social security and pensions62€198k€163k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€36k▼
Other operating charges640/8€102k€21k▼
Gross operating margin9900€86k€228k▲
Operating profit (loss)9901€-255k€9k▲
Financial income75/76B€360€21k▲
Recurring financial income75€360€9k▲
Non-recurring financial income76B-€13k
Financial charges65/66B€11k€26k▲
Recurring financial charges65€11k€26k▲
Profit (loss) for the period before taxes9903€-266k€4k▲
Income taxes67/77€376€2k▲
Profit (loss) for the period9904€-266k€1k▲
Profit (loss) for the period to be appropriated9905€-266k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-266k€-265k▲
Profit (loss) brought forward from the previous period14P€220€-266k▼
Social balance
Average headcount (FTE)90873.32.4▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €146k | €133k | €160k | €198k | €163k | ▼ 17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €43k | €44k | €40k | €36k | ▼ 12.0% |
| Other operating charges640/8 | €3k | €12k | €6k | €102k | €21k | ▼ 79.7% |
| Gross operating margin9900 | €229k | €218k | €231k | €86k | €228k | ▲ 166% |
| Operating profit (loss)9901 | €36k | €30k | €20k | €-255k | €9k | ▲ 103% |
| Financial income75/76B | €188 | €35 | €721 | €360 | €21k | ▲ 5,820% |
| Recurring financial income75 | €188 | €35 | €721 | €360 | €9k | ▲ 2,278% |
| Non-recurring financial income76B | - | - | - | - | €13k | - |
| Financial charges65/66B | €17k | €10k | €10k | €11k | €26k | ▲ 132% |
| Recurring financial charges65 | €17k | €10k | €10k | €11k | €26k | ▲ 132% |
| Profit (loss) for the period before taxes9903 | €19k | €21k | €11k | €-266k | €4k | ▲ 101% |
| Income taxes67/77 | €360 | €1k | €4k | €376 | €2k | ▲ 540% |
| Profit (loss) for the period9904 | €19k | €19k | €7k | €-266k | €1k | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | €19k | €19k | €7k | €-266k | €1k | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €509k | €578k | €486k | €487k | €415k | ▼ 14.7% |
| Fixed assets21/28 | €175k | €143k | €112k | €77k | €51k | ▼ 33.7% |
| Tangible fixed assets22/27 | €173k | €142k | €110k | €75k | €49k | ▼ 34.4% |
| Plant, machinery and equipment23 | €12k | €7k | €11k | €12k | €7k | ▼ 38.7% |
| Furniture and vehicles24 | €106k | €83k | €57k | €33k | €16k | ▼ 52.7% |
| Other tangible fixed assets26 | €56k | €52k | €41k | €31k | €27k | ▼ 13.3% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €334k | €434k | €374k | €410k | €364k | ▼ 11.2% |
| Stocks and contracts in progress3 | €83k | €87k | €115k | €15k | €37k | ▲ 144% |
| Stocks30/36 | €83k | €87k | €115k | €15k | €37k | ▲ 144% |
| Amounts receivable within one year40/41 | €230k | €332k | €245k | €349k | €310k | ▼ 11.0% |
| Trade receivables40 | €210k | €328k | €221k | €274k | €230k | ▼ 16.2% |
| Other amounts receivable41 | €21k | €4k | €24k | €75k | €81k | ▲ 8.0% |
| Cash at bank and in hand54/58 | €13k | €14k | €13k | €44k | €16k | ▼ 63.4% |
| Deferred charges and accrued income490/1 | €7k | €1k | €2k | €1k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €509k | €578k | €486k | €487k | €415k | ▼ 14.7% |
| Equity10/15 | €-6k | €13k | €21k | €-246k | €-244k | ▲ 0.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-26k | €-7k | €220 | €-266k | €-265k | ▲ 0.5% |
| Amounts payable17/49 | €515k | €564k | €465k | €732k | €659k | ▼ 10.0% |
| Amounts payable after more than one year17 | €75k | €85k | €52k | €222k | €178k | ▼ 19.6% |
| Financial debts170/4 | €75k | €85k | €52k | €222k | €178k | ▼ 19.6% |
| Amounts payable within one year42/48 | €430k | €469k | €409k | €503k | €464k | ▼ 7.8% |
| Current portion of amounts payable after more than one year42 | €26k | €52k | €34k | €30k | €30k | ▼ 1.2% |
| Financial debts43 | €158k | €23k | €49k | - | - | - |
| Credit institutions430/8 | €158k | €23k | €49k | - | - | - |
| Trade debts44 | €121k | €196k | €197k | €272k | €215k | ▼ 20.8% |
| Suppliers440/4 | €121k | €196k | €197k | €272k | €215k | ▼ 20.8% |
| Taxes, remuneration and social security45 | €27k | €36k | €30k | €30k | €15k | ▼ 50.2% |
| Taxes450/3 | €3k | €15k | €7k | €7k | €1k | ▼ 84.0% |
| Remuneration and social security454/9 | €24k | €21k | €23k | €23k | €14k | ▼ 39.4% |
| Other amounts payable47/48 | €98k | €161k | €100k | €171k | €204k | ▲ 19.2% |
| Accrued charges and deferred income492/3 | €10k | €10k | €4k | €7k | €17k | ▲ 126% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €19k | €7k | €-266k | €1k | ▲ 101% |
| + Depreciation and write-downs630 | €44k | €43k | €44k | €40k | €36k | ▼ 12.0% |
| Operating cash flow (approximation) | €63k | €62k | €52k | €-226k | €37k | ▲ 116% |
| Investment in fixed assets (approximation) | - | €-11k | €-13k | €-6k | €-10k | ▼ 63.8% |
| Change in cash | - | €806 | €-888 | €31k | €-28k | ▼ 190% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
12-08
State Gazette act
Registered office · Other addresses · Statutes amendment · Legal-form change · Resignations & appointmentsLegal-form conversion2 facts ▸
State Gazette act
Registered office · Other addresses · Statutes amendment · Legal-form change · Resignations & appointments
Legal-form conversion2 facts ▸
- General meeting, 29 juni 2026
- Legal-form conversion, Besloten vennootschap
29-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 302 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
2024
31-12
Financial
Weakest financial yearnet €-266k
Net result drops to €-266k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maasmechelen · 1 establishment unit since 2013
Ground area
9.1 ha
Building footprint
2.0 ha
Volume, LiDAR
182,707 m³
2 parcels, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ECO MAX
since 20132.218.121.962
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73060B0102/00L000 | Flanders | 9.1 ha | 1 · 2.0 ha | 13.7 m · 3 fl. |
| 73048E0931/00R025 | Flanders | 435 m² | 1 · 435 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 4,271 companies in sector 43230 we hold annual accounts for 1,240. 881 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43230Insulation installation
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.