Equity
-€244,198
Debts exceed assets in financial year 2025.
ECO MAX
Lifetime
12 annual accounts with figures on one time axispeak €326,523 (2014)
€227,788▲ 166%
lowest -€266,273 (2024)
€1,395▲ €267,668
peak €34,572 (2017)
-€244,198▲ €1,395
€659,106▼ 10.0%
peak 5.3 FTE (2017)
2.4 FTE▼ 27.3%
Board1 name since 2013
1 directorDEMIR Ibrahim
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €85,561 to €227,788Back to profit: €1,395Staff from 3.3 FTE to 2.4 FTECash from €44,407 to €16,271
Key points
from the 2025 annual accountsResult
€1,395 €1,395
Back in profit in 2025, after a loss of €266,273 in 2024.
Debts
€659,106 159% of the balance sheet
Financial debts 27%Suppliers 33%Taxes and wages 2%Other 38%
Of this, €463,885 falls due within a year.
Staff
2.4 FTE from 5.3 in 2017
Between 2017 and 2025, 55% of the full-time equivalents disappeared.
Filings
12 annual accounts since 2014
Nine of the last ten came late. The 2024 accounts came latest: 302 days after the end of the period.
Position in the sector
-58.9%
Lower solvency than 95% of companies in specialised construction. Sector median 44.0% · 9,967 companies.
Checked score
46
Fair
Financially stronger than 15% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.0% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.5%▼ -0.2 percentage points vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.4%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 1.6%▲ +0.2 percentage points vs 06-2025
08-2025: 2.0%▲ +0.4 percentage points vs 07-2025
09-2025: 2.4%▲ +0.4 percentage points vs 08-2025
10-2025: 3.4%▲ +1.0 percentage point vs 09-2025
11-2025: 3.5%▲ +0.1 percentage points vs 10-2025
12-2025: 4.3%▲ +0.8 percentage points vs 11-2025
01-2026: 5.5%▲ +1.2 percentage points vs 12-2025
02-2026: 5.5%● unchanged vs 01-2026
03-2026: 5.7%▲ +0.2 percentage points vs 02-2026
04-2026: 5.2%▼ -0.5 percentage points vs 03-2026
05-2026: 5.2%● unchanged vs 04-2026
06-2026: 5.2%● unchanged vs 05-2026
07-2026: 10.1%▲ +4.9 percentage points vs 06-2026highest value
08-2026: 9.2%▼ -0.9 percentage points vs 07-2026
09-2026: 4.0%▼ -5.2 percentage points vs 08-2026
10-2026: 4.0%● unchanged vs 09-2026
11-2026: 4.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€244,198
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
1 change of registered office in 24 months
Sector: Specialised construction activities (NACE 43)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 4% on liquidity, 17% on profitability and 37% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,379 companies had the same profile as ECO MAX has now. Each dot stands for 4 companies, two years later.
94.3%
were still trading
3.2%
stopped another way
2.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ECO MAX itself is higher: 4.0% within 12 months. It rests on far more data about ECO MAX than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,379 companies, not a prediction for ECO MAX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.78 (0.81 in 2024), below 1. Short-term debt is 111.8% and cash 3.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9967 sector peers (2025).
NBB · sector comparisonPosition among 9967 sector peers
Solvency
better than 5%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
302 days late
2023
29 days late
2022
31 days late
2021
3 days early
2020
31 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 65 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Change of role: DEMIR Ibrahim, from manager to director
Registered office clause: Joseph Smeetslaan 248, 3630 Maasmechelen · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0524857201
First establishment
Slakweidestraat 40, Maasmechelen
Incorporation
published on 28-03-2013 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ECO MAX Maasmechelen | €414,908 | €227,788 | -58.9% | 2.4 |
| PUBRO X Herentals | €543,448 | €156,242 | 15.6% | 2.7 |
| ISOLATIEWERKEN DECOCK Anzegem | €643,937 | €315,636 | 56.5% | 3.5 |
| Dakwerken Verschueren Oudenaarde | €336,045 | €274,276 | 7.1% | 1.8 |
| PROFESSIONNEL CONSTRUCT Molenbeek-Saint-Jean | €786,041 | €340,325 | 47.9% | 3.4 |
| HEMTITEC Geraardsbergen | €390,260 | €178,711 | 74.0% | 2.1 |
| ROCASYSTEMS Hooglede | €612,291 | €302,927 | 69.8% | 1 |
These companies have the same main activity as ECO MAX: insulation installation (NACE 43230). They are comparable in size and age: total assets between €336,000 and €786,000, founded between 2002 and 2017.
Official details
Source: KBO- Status
- Active since 26-03-2013Normal situation
- Activity
- Insulation installationNACE 43230and 2 others
- Joint committees
- 149.01Electricians: installation and distribution
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.218.121.9623630 Maasmechelen, since 15-04-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 10-02-2026
Annual accounts 2025
- ≈ €730,000estimated
- €414,908▼ 14.7%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 31-08-2026
Insights on ECO MAX
ECO MAX files the abbreviated format. That format states no turnover. The gross margin fell from €326,523 in 2014 to €227,788 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ECO MAX
- What is the company number of ECO MAX?
- The company number of ECO MAX is 0524.857.201. The VAT number is the same number with BE in front: BE 0524.857.201.
- Where is ECO MAX based?
- The registered office is at Joseph Smeetslaan 248, 3630 Maasmechelen.Company details
- What does ECO MAX do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of ECO MAX?
- ECO MAX is a private limited company (BV).
- When was ECO MAX founded?
- ECO MAX was founded on 26-03-2013.
- Is ECO MAX still active?
- Yes, ECO MAX is an active enterprise in the KBO register.
- How many employees does ECO MAX have?
- ECO MAX had an average of 2.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ECO MAX fall under?
- In its 2024 annual accounts, ECO MAX states joint committees 149.01 (Electricians: installation and distribution) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of ECO MAX?
- The turnover in financial year 2025 is ≈ €730,000. This figure is estimated from the gross margin of €227,788 and 41 comparable companies (NACE 432). It probably lies between €590,000 and €1.1m.
- Is ECO MAX profitable?
- In financial year 2025, ECO MAX made a profit of €1,395.
- Where can I find the annual accounts of ECO MAX?
- ECO MAX filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ECO MAX due?
- ECO MAX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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