ECOBEL CONSTRUCT · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ECOBEL CONSTRUCT is 1.7% (moderate). The 2025 annual accounts show equity of €112k and a net result of €83k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 52 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 52 sector peers (2025).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-05-2026, 26 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.

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 6 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	26-05-2026	26 d late	2026-00120103
30-09-2024	30-04-2025	15-05-2025	15 d late	2025-00095891
30-09-2023	30-04-2024	07-05-2024	7 d late	2024-00086535
30-09-2022	30-04-2023	05-04-2023	25 d early	2023-00054105
30-09-2021	30-04-2022	14-01-2022	106 d early	2022-01000397
30-09-2020	30-04-2021	23-03-2021	38 d early	2021-08600361

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.7% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€2.91M+111.7%

EBIT margin4.5%-0.8pp

Net result€83k+135.7%

Working capital€104k-4.3%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 26-05-2026 with the NBB · fiscal year 2025 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~15.5%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 41, Construction of buildings · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	16.1%	32.8%	better than 24% of 52 sector peers
Net result	€83k	€24k	better than 70% of 52 sector peers
Equity	€112k	€72k	better than 58% of 52 sector peers
Gross operating margin	€215k	€50k	better than 74% of 47 sector peers
Total assets	€694k	€409k	better than 61% of 52 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P24

Weakening position over 2020-2025 · n=52-220

Net result P70

Stable position over 2020-2025 · n=52-220

Equity P58

Improving position over 2020-2025 · n=52-220

Gross operating margin P74

Improving position over 2020-2025 · n=47-193

Describes the position versus peers, not a forecast.

Revenue

€2.91M

+111.7% 20-25

EBITDA

€133k

+154.3% 20-25

Net profit

€83k

+135.7% 20-25

Cash flow

€84k

+130.3% 20-25

Total assets

€694k

+46.1% 20-25

Equity

€112k

+1.6% 20-25

Working capital

€104k

-4.3% 20-25

Employees (FTE)

2

- 20-25

Staff costs

€79k

- 20-25

Income taxes

€50k

+240.6% 20-25

Dividends

€81k

+131.4% 20-25

Debt

€582k

+59.6% 20-25

Debt ≤ 1y

€582k

+59.6% 20-25

Current ratio

1.18

-9.2% 20-25

Quick ratio

1.18

-5.2% 20-25

Solvency

16.1%

-30.5% 20-25

Debt / equity

5.20

+57.1% 20-25

ROE

73.9%

+132.1% 20-25

ROA

11.9%

+61.3% 20-25

Net margin

2.8%

-21.8% 20-25

EBITDA margin

4.6%

-16.0% 20-25

Interest coverage

91.47

+133.7% 20-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	€2.91M
EBITDA	€133k
Net profit	€83k
Cash flow	€84k
Staff costs	€79k
Income taxes	€50k
Dividends	€81k
Total assets	€694k
Equity	€112k
Debt	€582k
of which ≤ 1y	€582k
of which > 1y	-
Working capital	€104k
Employees (FTE)	2.0

Ratios (computed)

	2025
Current ratio	1.18
Quick ratio	1.18
Working capital ratio	15.0%
Solvency	16.1%
Debt / equity	5.20
Long-term debt ratio	-
Interest coverage	91.47
Gross margin	7.9%
Net margin	2.8%
ROA	11.9%
ROE	73.9%
EBITDA margin	4.6%
Days sales outstanding	30d
Days payable outstanding	66d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €8k · 1.2% Current assets €686k · 98.9%

Equity & liabilities

Equity €112k · 16.1% Debt €582k · 83.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€694k
Fixed assets	21/28	€8k
Tangible fixed assets	22/27	€8k
Current assets	29/58	€686k
Amounts receivable within one year	40/41	€303k
Cash & bank	54/58	€349k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€694k
Equity	10/15	€112k
Contributions / capital	10/11	€3k
Accumulated profits (losses)	14	€109k
Amounts payable	17/49	€582k
Amounts payable within one year	42/48	€582k
Trade debts payable within one year	44	€485k
Income statement
Turnover	70	€2.91M
Gross operating margin	9900	€215k
Operating result	9901	€132k
Financial income	75	€2k
Financial charges	65	€1k
Result before taxes	9903	€133k
Income taxes	67/77	€50k
Net result for the period	9904	€83k
Result to be appropriated	9905	€83k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

78 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Connections & network

4 connected companies

Shared address / shareholder

Network connections

CHL CONSULTING

Shared address

→

MAT AGENCY

Shared address

→

PHICAT HOLDING

Shared address

→

THE VALUE GROUP

Shared address

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Registered office

from the Crossroads Bank

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.

Tollaan 1051932 Zaventem

Establishment units

1 location

ECOBEL CONSTRUCT

Tollaan 105C, 1932 ZaventemHouwen, bewerken en afwerken van natuursteen

since 20192.293.155.719

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area2,635 m²

Buildings2

Building footprint2,014 m²

Volume (LiDAR)10,408 m³

Tallest building16.1 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23078C0001/00F002	Flanders	1,778 m²	1 · 617 m²	7.9 m · 2 fl.
23078C0004/00E000	Flanders	857 m²	1 · 1,397 m²	16.1 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

4 acts

Address history · 2

24-02-2026

Registered-office move

20-02-2023

v3.2

All acts · 4 updated 5 months ago

2026

24-02-2026 Registered office moved from LASNE to Woluwe-Saint-Etienne Registered-office change

CHAUSSEE DE LOUVAIN, 435 - 1380 LASNE → A l'Avenue du Péage, 105 C - 1932 Woluwe-Saint-Etienne (en néerlandais: Tollaan, 105 C-Sint-Stevens-Woluwe)

Original publication ↗

2023

20-02-2023 Registered office moved from Charleroi to Lasne Registered-office change

Avenue Général Michel 1, 6000 Charleroi → Chaussée de Louvain 435, 1380 Lasne

Summary: v3.2

Original publication ↗

03-01-2023 Change in the board of directors Director changes

Summary: v3.2

Original publication ↗

2019

24-09-2019 Incorporation of a new SRL Incorporation

Summary: oprichting

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

69 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 78

Profitability 54

Solvency 26

Growth 85

Stability 100

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