Financials
- Fiscal year
- 2025
- Turnover
- €354.8m
- Loss
- -€18.5m
- Solvency
- 38.5%
Turnover▼ 14.9%
Net result
20222025
ECO3
ActiveSummary
ECO3 has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105.4m and a net result of -€18.5m. Equity is growing by ~36.6% per year across the filed fiscal years. Its solvency ranks better than 43% of 379 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28990Pre-press and pre-media services NACE 18130
#1 company by equity in Mortsel, Manufacturing sector1 site
Size
€354.8mturnover 2025
- Staff
- 194.6 FTE
- Equity
- €105.4m
- Loss
- -€18.5m
Structure
- Parent
- Aurelius Investment Lux Five s.a.r.l · 100%
- Holdings
- 18
Accounts 52 d early0 of 11 deeds read
Why 65- Liquidity: current ratio 0.65, cash €3.2m- Loss of €18.5m, the second in a row (FY 2025)- Founded in 2021+ Figures for FY 2025 (filed 10-06-2026)Show the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 25% of its sector peers (NACE 28, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
64-3
equity 38.5% of total assets
Liquidity
22-3
short-term debt 57.5% · cash 1.2%
Profitability
12-1
return on assets -6.8%
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.9%
12-2024: 0.9%● 0.0% vs 11-2024
01-2025: 0.9%▼ -3.3% vs 12-2024
02-2025: 0.8%▼ -3.3% vs 01-2025lowest value
03-2025: 0.9%▲ +1.7% vs 02-2025
04-2025: 0.9%▲ +3.8% vs 03-2025
05-2025: 0.9%▲ +3.0% vs 04-2025
06-2025: 0.9%▼ -1.4% vs 05-2025
07-2025: 0.9%▲ +3.3% vs 06-2025
08-2025: 0.9%● 0.0% vs 07-2025
09-2025: 0.9%● 0.0% vs 08-2025
10-2025: 0.9%● 0.0% vs 09-2025
11-2025: 0.9%● 0.0% vs 10-2025
12-2025: 0.9%● 0.0% vs 11-2025
01-2026: 0.9%● 0.0% vs 12-2025
02-2026: 0.9%▼ -3.1% vs 01-2026
03-2026: 0.9%▲ +1.5% vs 02-2026
04-2026: 1.0%▲ +5.8% vs 03-2026
05-2026: 1.0%▼ -1.6% vs 04-2026
06-2026: 1.0%▲ +3.8% vs 05-2026highest value
07-2026: 0.9%▼ -5.1% vs 06-2026
08-2026: 0.9%▼ -0.3% vs 07-2026
09-2026: 0.9%▼ -1.1% vs 08-2026
10-2026: 0.9%● 0.0% vs 09-2026
- Liquidity: current ratio 0.65, cash €3.2m raises the probability
- Loss of €18.5m, the second in a row (FY 2025) raises the probability
- Founded in 2021 raises the probability for this profile
- Figures for FY 2025 (filed 10-06-2026) lowers the probability
Credit up to €6,800,000 at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.76 in 2024; short-term debt: 57.5% and cash: 1.2% of total assets), and 61.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 28, medium-sized). Better than this share of them on solvency 54%, liquidity 16%, profitability 11%, growth against the median 18%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€18.5m
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 09-06-2026, 52 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
52 d early
2024
72 d early
2023
on the day
2022
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% 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 6 June (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · consolidated
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · consolidated
Key points
- Risk: 4 loss-making years in a rowloss fiscal year 2025 -€18.5m View
- Caution: Among the weakest 5% on net resultsector median €142,892 · 379 companies -€18.5m View
- Controlled by Aurelius Investment Lux Five…known shareholders 100% 100% View
- Positive: Always filed on timeaccounts within the deadline every year 4 years View
By topic
Board & ownership
- Parent
- Aurelius Investment Lux Five… · 100%
- Known shareholders
- 100%
Network & group
- Subsidiaries
- 18
- Mergers and contributions
- 1
18 subsidiaries
Timeline
- Events
- 12
- Since
- 2021
- Next accounts
- by 31-07-2027
- 09-06-2026Annual accounts filed
- 09-06-2026Annual accounts filed
- 20-05-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28990
- Founded
- 26-01-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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