ECO RACK
ActiveSummary
The computed 12-month bankruptcy probability of ECO RACK is 3.0% (moderate). The 2024 annual accounts show equity of €12k and a net result of €8k. Equity is growing by ~65% per year across the filed fiscal years. Its solvency ranks better than 53% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+96
Solvency74▼-23
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 3.55 in 2023; short-term debt: 51.2% and cash: 25.3% of total assets), but 51.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
48.8%
Return on assets
32.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
74 d late
2023
68 d late
2022
99 d late
2021
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€12k▲ 197%
2023 · €4k
2021: €2k
2022: €5k
2023: €4k
2021 → 2024
Total assets
€25k▲ 336%
2023 · €6k
2021: €4k
2022: €11k
2023: €6k
2021 → 2024
Net result
€8k
2023 · €-767
2021: €-655
2022: €3k
2023: €-767
2021 → 2024
Working capital
€12k▲ 197%
2023 · €4k
2021: €2k
2022: €5k
2023: €4k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€2k-€5k▲ 110%€4k▼ 15.6%€12k▲ 197%
Operating result€-618-€3k€-348€12k
Net result€-655-€3k€-767€8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €12k after a loss of €348 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €25k
Equity
€12k ▲ 197%
Debt
€13k ▲ 692%
Debt's share of the balance-sheet total rises from 28.2% to 51.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.95▼
2023 · 3.55
Debt to equity
1.05▲
2023 · 0.39
ROE
66.3%▲
2023 · -18.5%
ROA
32.4%▲
2023 · -13.3%
Debt ≤ 1 year
€13k▲
2023 · €2k
Income taxes
€3k
Staff costs
€757▲
2023 · €133
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 · 2024 against 2023 · 31 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6k€25k▲
Current assets29/58€6k€25k▲
Amounts receivable within one year40/41€4k€19k▲
Trade receivables40€1k€19k▲
Other amounts receivable41€3k-
Cash at bank and in hand54/58€1k€6k▲
Equity and liabilities
Total equity and liabilities10/49€6k€25k▲
Equity10/15€4k€12k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€1k€9k▲
Amounts payable17/49€2k€13k▲
Amounts payable within one year42/48€2k€13k▲
Trade debts44€484€387▼
Suppliers440/4€484€387▼
Taxes, remuneration and social security45€1k€10k▲
Taxes450/3€1k€10k▲
Other amounts payable47/48€40€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€133€757▲
Other operating charges640/8€348€2k▲
Gross operating margin9900€132€14k▲
Operating profit (loss)9901€-348€12k▲
Financial income75/76B€63-
Recurring financial income75€63-
Financial charges65/66B€482€1k▲
Recurring financial charges65€482€1k▲
Profit (loss) for the period before taxes9903€-767€11k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-767€8k▲
Profit (loss) for the period to be appropriated9905€-767€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€9k▲
Profit (loss) brought forward from the previous period14P€2k€1k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet €-767 ▼130%
Net result drops to €-767, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.55
Current ratio from 1.75 to 3.55; short-term debt falls from €6k to €2k.
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 99 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Manage · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Medoc 347170 ManageGround area
866 m²
Building footprint
150 m²
Volume, LiDAR
1,190 m³
Parcel 52006A0024/00M007, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ECO RACK
since 20212.323.356.272
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52006A0024/00M007 | Wallonia | 866 m² | 1 · 150 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
G-dek
BE 0892.210.750
Hulshout · Eq €12,316
CH HERBRAND
BE 0784.389.510
Waimes · Eq €12,308
ECSTEND
BE 0647.827.465
Charleroi · Eq €12,302
SCI
BE 0849.306.165
Jette · Eq €12,293
FORBAT
BE 0891.609.944
Roosdaal · Eq €12,342
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 4,446 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43990Other specialised construction activities
33110Repair and maintenance of fabricated metal products
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@ecorack.be