ECO-Tech Services
ActiveSummary
ECO-Tech Services has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €42,298 and a net result of -€8,935. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability9▼-2
Solvency61▼-5
Growth35▼-14
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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 2024Solvency, return and age of the figures
Solvency
35.6%
Return on assets
-7.5%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€8,935
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
2 d early
2022
16 d early
2021
17 d early
2020
2 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€364
2023 · €0
EBIT margin
-2473.9%▼ 2529.1pp
2022 · 55.2%
Net result
-€8,935▲ 30.8%
2023 · -€12,919
Working capital
€40,637▼ 17.2%
2023 · €49,095
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€19,922▼ 46.0%€44,520▲ 123%€39,477▼ 11.3%€0▼ 100%€364
Operating result-€3,939€27,982€21,804▼ 22.1%-€12,975-€9,005▲ 30.6%
Net result-€3,938€23,125€17,474▼ 24.4%-€12,919-€8,935▲ 30.8%
EBIT margin-19.8%▼ 42.4pp62.9%▲ 82.6pp55.2%▼ 7.6pp-2473.9%
Equity€23,553▼ 11.2%€46,671▲ 98.2%€64,152▲ 37.5%€51,233▼ 20.1%€42,298▼ 17.4%
Total assets€62,185▲ 16.6%€103,947▲ 67.2%€134,699▲ 29.6%€124,003▼ 7.9%€118,938▼ 4.1%
Debt€38,632▲ 44.0%€57,276▲ 48.3%€70,547▲ 23.2%€72,770▲ 3.2%€76,640▲ 5.3%
Working capital€24,226▼ 8.6%€47,031▲ 94.1%€62,367▲ 32.6%€49,095▼ 21.3%€40,637▼ 17.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,005 in 2024 against €12,975 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €118,938
Fixed assets
€1,661 ▼ 44.4%
Current assets
€117,277 ▼ 3.1%
Equity and liabilities €118,938
Equity
€42,298 ▼ 17.4%
Debt
€76,640 ▲ 5.3%
Debt's share of the balance-sheet total rises from 58.7% to 64.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€6,326▲
2023 · -€11,045
Cash flow
-€6,256▲
2023 · -€10,989
Current ratio
1.53▼
2023 · 1.68
Debt to equity
1.81▲
2023 · 1.42
ROE
-21.1%▲
2023 · -25.2%
ROA
-7.5%▲
2023 · -10.4%
Debt ≤ 1 year
€76,640▲
2023 · €71,918
Income taxes
€0=
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,440 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.4%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,440 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €19,922 | €44,520 | €39,477 | €0 | €364 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €47 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €697 | €425 | €1,616 | €1,930 | €2,679 | ▲ 38.8% |
| Other operating charges640/8 | - | €16,066 | €16,057 | €11,045 | €6,326 | ▼ 42.7% |
| Gross operating margin9900 | €12,922 | €44,473 | €39,477 | €0 | €0 | - |
| Operating profit (loss)9901 | -€3,939 | €27,982 | €21,804 | -€12,975 | -€9,005 | ▲ 30.6% |
| Financial income75/76B | - | €140 | - | €56 | €70 | ▲ 25.0% |
| Recurring financial income75 | - | €140 | - | €56 | €70 | ▲ 25.0% |
| Non-recurring financial income76B | - | €140 | - | €56 | €70 | ▲ 25.0% |
| Profit (loss) for the period before taxes9903 | -€3,938 | €28,122 | €21,804 | -€12,919 | -€8,935 | ▲ 30.8% |
| Income taxes67/77 | - | €4,997 | €4,330 | €0 | €0 | - |
| Profit (loss) for the period9904 | -€3,938 | €23,125 | €17,474 | -€12,919 | -€8,935 | ▲ 30.8% |
| Profit (loss) for the period to be appropriated9905 | -€3,938 | €23,125 | €17,474 | -€12,919 | -€8,935 | ▲ 30.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,185 | €103,947 | €134,699 | €124,003 | €118,938 | ▼ 4.1% |
| Fixed assets21/28 | €179 | €492 | €2,985 | €2,990 | €1,661 | ▼ 44.4% |
| Tangible fixed assets22/27 | €179 | €492 | €2,985 | €2,990 | €1,661 | ▼ 44.4% |
| Furniture and vehicles24 | - | €492 | €2,985 | €2,990 | €1,661 | ▼ 44.4% |
| Current assets29/58 | €62,006 | €103,455 | €131,714 | €121,013 | €117,277 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €14,350 | €11,310 | €13,952 | €2,964 | €3,150 | ▲ 6.3% |
| Trade receivables40 | - | €3,645 | - | - | - | - |
| Other amounts receivable41 | - | €7,665 | €13,952 | €2,964 | €3,150 | ▲ 6.3% |
| Cash at bank and in hand54/58 | €47,656 | €92,145 | €117,762 | €118,049 | €114,127 | ▼ 3.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,185 | €103,947 | €134,699 | €124,003 | €118,938 | ▼ 4.1% |
| Equity10/15 | €23,553 | €46,671 | €64,152 | €51,233 | €42,298 | ▼ 17.4% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | €20,000 | €20,000 | - | - | - |
| Issued capital100 | - | €20,000 | €20,000 | - | - | - |
| Reserves13 | €749 | €7,491 | €36,678 | €44,152 | €31,233 | ▼ 29.3% |
| Non-distributable reserves130/1 | - | €749 | €10,749 | €10,749 | €10,749 | = |
| Legal reserve130 | - | €749 | €10,749 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €10,749 | €10,749 | = |
| Distributable reserves133 | - | €6,742 | €25,929 | €33,403 | €20,484 | ▼ 38.7% |
| Profit (loss) carried forward14 | €2,804 | €19,180 | €7,474 | -€12,919 | -€8,935 | ▲ 30.8% |
| Amounts payable17/49 | €38,632 | €57,276 | €70,547 | €72,770 | €76,640 | ▲ 5.3% |
| Amounts payable within one year42/48 | €37,780 | €56,424 | €69,347 | €71,918 | €76,640 | ▲ 6.6% |
| Financial debts43 | - | €0 | €0 | €0 | €0 | - |
| Credit institutions430/8 | - | €0 | €0 | €0 | €0 | - |
| Taxes, remuneration and social security45 | - | €4,997 | €4,330 | €0 | €0 | - |
| Taxes450/3 | - | €4,997 | €4,330 | €0 | €0 | - |
| Other amounts payable47/48 | - | €51,427 | €65,017 | €71,918 | €76,640 | ▲ 6.6% |
| Accrued charges and deferred income492/3 | - | €852 | €1,200 | €852 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,938 | €23,125 | €17,474 | -€12,919 | -€8,935 | ▲ 30.8% |
| + Depreciation and write-downs630 | €697 | €425 | €1,616 | €1,930 | €2,679 | ▲ 38.8% |
| Operating cash flow (approximation) | -€3,241 | €23,550 | €19,090 | -€10,989 | -€6,256 | ▲ 43.1% |
| Investment in fixed assets (approximation) | - | -€738 | -€4,109 | -€1,935 | -€1,350 | ▲ 30.2% |
| Change in cash | - | €44,489 | €25,617 | €287 | -€3,922 | ▼ 1,467% |
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
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€12,919
Net result drops to -€12,919, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €23,125
Net result €23,125 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waasmunster · 1 establishment unit since 2018
Ground area
1,933 m²
Building footprint
193 m²
Volume, LiDAR
896 m³
Parcel 42023B0945/00H000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ECO-Tech Services
since 20182.280.083.582
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B0945/00H000 | Flanders | 1,933 m² | 1 · 193 m² | 8.2 m · 1 fl. |
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.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 15,071 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
Founded20-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
62100Computer programming
72109Other research and development on natural sciences
Contact
E-mail
ecotech.be@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0704795070
Also
9925:BE0704795070
Registered
27-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.