Equity
€15,273 from €50,134 in 2017
Equity fell by 70% in 8 years.
ECOCONSTRUCT 2020
Lifetime
14 annual accounts with figures on one time axispeak €70,156 (2021)
€6,233▲ 5.6%
lowest -€90,151 (2019)
€3,467▲ €38,321
peak €50,134 (2017)
€15,273▲ 29.4%
€67,597▼ 14.8%
Board4 names since 2016
2 directorsLOUWAGIE Peter and 1 other
Owners
Documentsfilings and deeds
25-03-202636 days before the deadline
2025micro format
Back to profit: €3,467Equity from €11,806 to €15,273Investments €4,000Cash from €9,536 to €16,527
Key points
from the 2025 annual accountsChecked score
82
Excellent
Financially stronger than 40% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 1.2%▲ +1.0 percentage point vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.2%● unchanged vs 06-2025
08-2025: 1.2%● unchanged vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025highest value
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.1%▼ -0.1 percentage points vs 02-2026
04-2026: 0.4%▼ -0.7 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Equity €15,273 (18.4% of total assets)
lowers risk
Founded in 2011
Liquidity: current ratio 1.15, cash €16,527
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 20% of them on solvency, 19% on liquidity, 46% on profitability and 74% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,508 companies had the same profile as ECOCONSTRUCT 2020 has now. Each dot stands for 12 companies, two years later.
96.8%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ECOCONSTRUCT 2020 itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,508 companies, not a prediction for ECOCONSTRUCT 2020. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.15 (1.1 in 2024), below the usual 1.5. Short-term debt is 80.6% and cash 19.9% of total assets. 81.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 days early
2024
34 days early
2023
26 days early
2022
38 days early
2021
31 days early
2020
11 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0839059995
Legal-form change · Resignations & appointments
Changes of role: LOUWAGIE Peter (director) and SKINDLES (director) · Permanent representative: Chantal Callens · Director discharge: LOUWAGIE Peter · General meeting of 30-10-2023 · Gazette deed
Resignation: URSULESCU Daniël (manager)
Permanent representative: Chantal Callens · Director discharge: URSULESCU Daniël (manager) · General meeting of 04-03-2021 · Gazette deed
New manager
URSULESCU Daniel appointed, LOUWAGIE Karel resigned · Permanent representative: Callens Chantal · Director discharge: LOUWAGIE Karel (manager) · General meeting of 06-09-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ECOCONSTRUCT 2020 Poperinge | €82,870 | €6,233 | 18.4% | - |
| JSB Dilbeek | €95,185 | €5,032 | 66.9% | - |
| SEGCO Gistel | €85,262 | €4,483 | 60.7% | - |
| COMFORT STORES Ronse | €114,372 | €6,343 | 53.2% | - |
| LENCOM Kinrooi | €108,941 | €8,069 | 32.4% | - |
| CONSTRUCTION RENOVATION & DESIGN Uccle | €69,861 | €4,984 | 47.5% | - |
| Ô EN COULEURS Rixensart | €112,712 | €9,126 | 23.3% | - |
These companies have the same main activity as ECOCONSTRUCT 2020: other construction installation (NACE 43240). They are comparable in size and age: total assets between €69,900 and €114,000, founded between 2007 and 2014.
Official details
Source: KBO- Status
- Active since 06-09-2011Normal situation
- Activity
- Other construction installationNACE 43240and 3 others
- Establishment unit
- 2.207.150.8668970 Poperinge, since 06-09-2011
- Financial year end
- 30 September
- Peppol
- Reachable since 18-12-2025
Annual accounts to 30-09-2025
- ≈ €80,000estimated
- €82,870▼ 9.0%
- Filing
- Filed on 25-03-2026, 36 days before the end of the filing period
Insights on ECOCONSTRUCT 2020
ECOCONSTRUCT 2020 files the micro format. That format states no turnover. The gross margin fell from €24,515 in 2012 to €6,233 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ECOCONSTRUCT 2020
- What is the company number of ECOCONSTRUCT 2020?
- The company number of ECOCONSTRUCT 2020 is 0839.059.995. The VAT number is the same number with BE in front: BE 0839.059.995.
- Where is ECOCONSTRUCT 2020 based?
- The registered office is at Kriekstraat 25, 8970 Poperinge.Company details
- What does ECOCONSTRUCT 2020 do?
- According to the KBO register, the main activity is other construction installation (NACE 43240).
- What is the legal form of ECOCONSTRUCT 2020?
- ECOCONSTRUCT 2020 is a private limited company (BV).
- When was ECOCONSTRUCT 2020 founded?
- ECOCONSTRUCT 2020 was founded on 06-09-2011.
- Is ECOCONSTRUCT 2020 still active?
- Yes, ECOCONSTRUCT 2020 is an active enterprise in the KBO register.
- What is the turnover of ECOCONSTRUCT 2020?
- The turnover in financial year 2025 is ≈ €80,000. This figure is estimated from the gross margin of €6,233 and 34 comparable companies (NACE 43240). It probably lies between €36,000 and €150,000. It is a rough estimate.Financials
- Is ECOCONSTRUCT 2020 profitable?
- In financial year 2025, ECOCONSTRUCT 2020 made a profit of €3,467.
- Where can I find the annual accounts of ECOCONSTRUCT 2020?
- ECOCONSTRUCT 2020 filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ECOCONSTRUCT 2020 due?
- ECOCONSTRUCT 2020 must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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