ECO project
ActiveSummary
ECO project has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €879,836 and a net result of €702,074. Equity is growing by ~20.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency91▲+55
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 3.0 against 1.11 in 2023; short-term debt: 32.4% and cash: 56.4% of total assets), and 33.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
66.1%
Return on assets
52.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
32 d early
2024
3 d early
2023
22 d early
2022
12 d early
2021
16 d early
2020
1 d early
2019
48 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 15 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#4 company by equity in Denderleeuw, Construction sector#7 company by total assets in Denderleeuw, Construction sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€879,836▲ 229%
2023 · €267,335
Total assets
€1.3m▼ 43.1%
2023 · €2.3m
Net result
€702,074▼ 40.1%
2023 · €1.2m
Working capital
€863,474▲ 274%
2023 · €230,909
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€379,489=€133,315▼ 64.9%€576,719▲ 333%€1.6m▲ 173%€949,922▼ 39.7%
Net result€317,522=€99,932within the sector's middle half▼ 68.5%€426,659above the sector's middle half▲ 327%€1.2mabove the sector's middle half▲ 175%€702,074above the sector's middle half▼ 40.1%
Equity€362,679=€372,611within the sector's middle half▲ 2.7%€799,271above the sector's middle half▲ 115%€267,335within the sector's middle half▼ 66.6%€879,836above the sector's middle half▲ 229%
Total assets€1.0m▲ 16.6%€870,040within the sector's middle half▼ 13.8%€2.8mabove the sector's middle half▲ 221%€2.3mabove the sector's middle half▼ 16.2%€1.3mwithin the sector's middle half▼ 43.1%
Debt€646,775▲ 28.6%€497,429▼ 23.1%€2.0m▲ 301%€2.1m▲ 4.0%€451,777▼ 78.2%
Working capital€323,339▲ 2.3%€337,639within the sector's middle half▲ 4.4%€748,966above the sector's middle half▲ 122%€230,909within the sector's middle half▼ 69.2%€863,474above the sector's middle half▲ 274%
Solvency35.9%▼ 6.0pp42.8%within the sector's middle half▲ 6.9pp28.6%within the sector's middle half▼ 14.2pp11.4%below the sector's middle half▼ 17.2pp66.1%above the sector's middle half▲ 54.6pp
Current ratio1.53▼ 0.131.70within the sector's middle half▲ 0.181.38within the sector's middle half▼ 0.331.11below the sector's middle half▼ 0.263.00within the sector's middle half▲ 1.89
Return on assets (ROA)31.5%▼ 5.2pp11.5%within the sector's middle half▼ 20.0pp15.3%above the sector's middle half▲ 3.8pp50.1%above the sector's middle half▲ 34.8pp52.7%above the sector's middle half▲ 2.6pp
Staff (FTE)3.8▲ 40.7%3.5within the sector's middle half▼ 7.9%5within the sector's middle half▲ 42.9%5.4within the sector's middle half▲ 8.0%5.4within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€36,895 ▼ 40.9%
Current assets
€1.3m ▼ 43.1%
Equity and liabilities €1.3m
Equity
€879,836 ▲ 229%
Debt
€451,777 ▼ 78.2%
Debt's share of the balance-sheet total falls from 88.6% to 33.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€964,595▼
2023 · €1.6m
Cash flow
€716,748▼
2023 · €1.2m
Quick ratio
2.43▲
2023 · 0.92
Debt to equity
0.51▼
2023 · 7.75
ROE
79.8%▼
2023 · 438.4%
Interest coverage
286.88▲
2023 · 162.01
Debt ≤ 1 year
€431,245▼
2023 · €2.0m
Debt > 1 year
€16,445▼
2023 · €21,936
Income taxes
€253,799▼
2023 · €403,009
Staff costs
€450,780▲
2023 · €366,885
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,332 | €5,000 | €258 | ▼ 94.8% |
| Remuneration, social security and pensions62 | - | €202,483 | €274,494 | €366,885 | €450,780 | ▲ 22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,816 | €22,153 | €19,168 | €25,516 | €14,674 | ▼ 42.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,505 | €0 | €15,442 | €3,109 | ▼ 79.9% |
| Other operating charges640/8 | - | €3,154 | €3,610 | €20,521 | €8,474 | ▼ 58.7% |
| Non-recurring operating charges66A | - | €2,728 | €0 | - | €1,103 | - |
| Gross operating margin9900 | €553,646 | €366,338 | €873,991 | €2.0m | €1.4m | ▼ 28.7% |
| Operating profit (loss)9901 | €379,489 | €133,315 | €576,719 | €1.6m | €949,922 | ▼ 39.7% |
| Financial income75/76B | - | €4,648 | €2,019 | €9,693 | €9,314 | ▼ 3.9% |
| Recurring financial income75 | €11,633 | €4,648 | €2,019 | €9,693 | €9,314 | ▼ 3.9% |
| Financial charges65/66B | - | €2,205 | €2,332 | €9,881 | €3,362 | ▼ 66.0% |
| Recurring financial charges65 | €2,453 | €2,205 | €2,332 | €9,881 | €3,362 | ▼ 66.0% |
| Profit (loss) for the period before taxes9903 | €388,668 | €135,758 | €576,405 | €1.6m | €955,873 | ▼ 39.3% |
| Income taxes67/77 | €71,146 | €35,825 | €149,746 | €403,009 | €253,799 | ▼ 37.0% |
| Profit (loss) for the period9904 | €317,522 | €99,932 | €426,659 | €1.2m | €702,074 | ▼ 40.1% |
| Profit (loss) for the period to be appropriated9905 | €317,522 | €99,932 | €426,659 | €1.2m | €702,074 | ▼ 40.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €870,040 | €2.8m | €2.3m | €1.3m | ▼ 43.1% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €72,646 | €52,538 | €56,875 | €62,447 | €36,895 | ▼ 40.9% |
| Intangible fixed assets21 | €2,728 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €69,918 | €52,538 | €56,875 | €62,447 | €36,895 | ▼ 40.9% |
| Plant, machinery and equipment23 | - | €9,872 | €5,893 | €2,306 | €1,351 | ▼ 41.4% |
| Furniture and vehicles24 | - | €42,666 | €50,982 | €60,141 | €35,544 | ▼ 40.9% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €936,808 | €817,502 | €2.7m | €2.3m | €1.3m | ▼ 43.1% |
| Stocks and contracts in progress3 | €130,083 | €244,472 | €539,511 | €393,120 | €248,116 | ▼ 36.9% |
| Stocks30/36 | - | €244,472 | €539,511 | €393,120 | €248,116 | ▼ 36.9% |
| Amounts receivable within one year40/41 | €723,253 | €376,377 | €842,408 | €643,253 | €295,444 | ▼ 54.1% |
| Trade receivables40 | - | €344,607 | €700,402 | €556,413 | €233,907 | ▼ 58.0% |
| Other amounts receivable41 | - | €31,770 | €142,007 | €86,840 | €61,536 | ▼ 29.1% |
| Current investments50/53 | €0 | - | - | €700,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €203,068 | €196,653 | €1.4m | €519,187 | €751,159 | ▲ 44.7% |
| Deferred charges and accrued income490/1 | - | - | €529 | €20,856 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €870,040 | €2.8m | €2.3m | €1.3m | ▼ 43.1% |
| Equity10/15 | €362,679 | €372,611 | €799,271 | €267,335 | €879,836 | ▲ 229% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €344,079 | €354,011 | €780,671 | €248,735 | €861,236 | ▲ 246% |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Other1319 | - | - | €0 | - | - | - |
| Distributable reserves133 | - | €352,151 | €780,671 | €248,735 | €861,236 | ▲ 246% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €646,775 | €497,429 | €2.0m | €2.1m | €451,777 | ▼ 78.2% |
| Amounts payable after more than one year17 | €31,232 | €15,489 | €4,485 | €21,936 | €16,445 | ▼ 25.0% |
| Financial debts170/4 | - | €15,489 | €4,485 | €21,936 | €16,445 | ▼ 25.0% |
| Amounts payable within one year42/48 | €613,469 | €479,863 | €2.0m | €2.0m | €431,245 | ▼ 78.9% |
| Current portion of amounts payable after more than one year42 | - | €15,197 | €11,004 | €9,800 | €5,491 | ▼ 44.0% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €359,585 | €196,351 | €681,105 | €186,407 | €13,963 | ▼ 92.5% |
| Suppliers440/4 | - | €196,351 | €681,105 | €186,407 | €13,963 | ▼ 92.5% |
| Advances received on contracts in progress46 | - | - | €1.2m | €536,725 | €170,505 | ▼ 68.2% |
| Taxes, remuneration and social security45 | - | €56,184 | €104,329 | €315,985 | €240,753 | ▼ 23.8% |
| Taxes450/3 | - | €26,749 | €58,395 | €254,896 | €197,102 | ▼ 22.7% |
| Remuneration and social security454/9 | - | €29,436 | €45,934 | €61,090 | €43,651 | ▼ 28.5% |
| Other amounts payable47/48 | - | €212,131 | €389 | €996,589 | €533 | ▼ 99.9% |
| Accrued charges and deferred income492/3 | - | €2,076 | €2,085 | €4,085 | €4,088 | ▲ 0.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €317,522 | €99,932 | €426,659 | €1.2m | €702,074 | ▼ 40.1% |
| + Depreciation and write-downs630 | €25,816 | €22,153 | €19,168 | €25,516 | €14,674 | ▼ 42.5% |
| Operating cash flow (approximation) | €343,338 | €122,085 | €445,827 | €1.2m | €716,748 | ▼ 40.1% |
| Investment in fixed assets (approximation) | - | -€2,045 | -€23,505 | -€31,088 | €10,879 | ▲ 135% |
| Change in cash | - | -€6,415 | €1.2m | -€833,179 | €231,972 | ▲ 128% |
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
08-09
State Gazette act
Registered officeRegistered-office move · Power of attorney4 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney4 facts ▸
- General meeting, 24-08-2026
- Registered-office move, Bontebeek 55, 9473 Denderleeuw
- Power of attorney
- Power of attorney
03-07
State Gazette act
Appointment: Moore Audit BV (statutory auditor)Permanent representatives: Kevin Gevels and Stijn Van Hout4 facts ▸
State Gazette act
Appointment: Moore Audit BV (statutory auditor)
Permanent representatives: Kevin Gevels and Stijn Van Hout4 facts ▸
- General meeting, 08-06-2026
- Auditor appointment, Moore Audit BV (statutory auditor)
- Permanent representative, Kevin Gevels (permanent representative)
- Permanent representative, Stijn Van Hout (permanent representative)
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 3.00
Current ratio from 1.11 to 3.00; short-term debt falls from €2.0m to €431,245.
31-12
Financial
Equity above €500,000Eq €879,836 ▲229%
7 profitable years in a row build equity to €879,836.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.2m ▲175%
Operating result €1.6m, net result €1.2m, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500,000Eq €799,271 ▲115%
5 profitable years in a row build equity to €799,271.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €99,932 ▼68.5%
Net result drops to €99,932, the lowest in the series; recovery starts the following year.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 48 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
Moore Audit
CurrentStatutory auditor · since 03-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Denderleeuw · 1 establishment unit since 2016
Ground area
2.4 ha
Parcel 41076A0394/00M002, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ECO project
since 20162.253.985.634
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41076A0394/00M002 | Flanders | 2.4 ha | - | - |
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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Moore Audit |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Summit Group
- ECO project
Highest known parent: Summit Group. The sources do not say who stands above it.
Owners 1
- Summit Groupparent100%
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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,031 EUR awarded · 981 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,031 EUR | 981 EUR |
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 5,042 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
Founded02-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
82300Organisation of conventions and trade shows
Contact
Website
www.eco-project.be
E-mail
info@eco-project.be
E-mail
stephanie.boel@telenet.beDenderleeuw
Phone
0495/24.01.57Denderleeuw
E-invoicing
Reachable via Peppol
Peppol ID
0208:0655887670
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.