Equity
Equity fell by 70% in 8 years.
Equity fell by 70% in 8 years.
Of this, €66,815 falls due within a year.
The last five annual accounts were filed 26 to 38 days before the end of the period.
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).
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).
In July 2024, 4,508 companies had the same profile as ECOCONSTRUCT 2020 has now. Each dot stands for 12 companies, two years later.
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.
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.
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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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.
| 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.
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.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €80,000. Estimated: probably between €36,000 and €150,000.
Higher than 20% of 35,136 companies in 2025.
Higher than 27% of 34,510 companies in 2025.
Higher than 40% of 34,711 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
82,870 | 91,102 | 248,009 | 276,815 | 195,822 | 125,802 | 40,270 | 125,024 | 164,565 | 246,534 | 125,667 | 191,387 | 211,629 | 521,949 | |
21/28 |
6,309 | 4,470 | 21,055 | 16,197 | 10,275 | 9,034 | 8,043 | 9,885 | 5,316 | 11,724 | 20,861 | 25,851 | 18,795 | 15,461 | |
22/27 |
6,309 | 4,470 | 21,055 | 16,197 | 10,275 | 9,034 | 8,043 | 9,885 | 5,316 | 11,724 | 20,861 | 25,851 | 18,795 | 15,461 | |
23 |
6,309 | 4,470 | 6,953 | 11,029 | 8,625 | 5,733 | 3,092 | 1,802 | 2,353 | 2,000 | 2,905 | 1,310 | 1,964 | 2,619 | |
24 |
- | - | 14,101 | 5,168 | 1,650 | 3,301 | 4,951 | 8,083 | 2,963 | 9,724 | 17,956 | 24,541 | - | - | |
29/58 |
76,561 | 86,632 | 226,954 | 260,619 | 185,547 | 116,768 | 32,227 | 115,139 | 159,249 | 234,810 | 104,806 | 165,536 | 192,834 | 506,488 | |
29 |
- | - | - | - | - | - | - | - | 60 | 78,910 | - | - | - | - | |
290 |
- | - | - | - | - | - | - | - | - | 74,601 | - | - | - | - | |
291 |
- | - | - | - | - | - | - | - | 60 | 4,309 | - | - | - | - | |
3 |
32,674 | 32,674 | 65,347 | 22,644 | 10,830 | 44,647 | 6,935 | 23,805 | 53,523 | - | 60,000 | 70,000 | 90,000 | 30,348 | |
30/36 |
32,674 | 32,674 | 65,347 | 22,644 | 10,830 | 44,647 | 6,935 | 23,805 | 53,523 | - | 60,000 | 70,000 | 90,000 | 30,348 | |
40/41 |
27,049 | 43,829 | 11,254 | 184,541 | 40,912 | 33,694 | 15,153 | 84,730 | 82,463 | 73,145 | 24,131 | 44,539 | 16,965 | 319,654 | |
40 |
25,520 | 39,053 | 4,539 | 179,774 | 33,336 | 16,063 | 3,844 | 17,955 | 74,063 | 73,145 | 23,931 | 34,449 | 9,242 | 79,733 | |
41 |
1,529 | 4,776 | 6,715 | 4,766 | 7,575 | 17,631 | 11,309 | 66,775 | 8,400 | - | 200 | 10,090 | 7,723 | 239,921 | |
54/58 |
16,527 | 9,536 | 149,528 | 52,212 | 132,798 | 37,287 | 9,499 | 2,962 | 23,203 | 62,930 | 20,675 | 48,856 | 85,869 | 156,486 | |
490/1 |
311 | 593 | 824 | 1,222 | 1,007 | 1,141 | 640 | 3,642 | - | 19,825 | - | 2,141 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
82,870 | 91,102 | 248,009 | 276,815 | 195,822 | 125,802 | 40,270 | 125,024 | 164,565 | 246,534 | 125,667 | 191,387 | 211,629 | 521,949 | |
10/15 |
15,273 | 11,806 | 46,660 | 13,236 | 46,615 | -16,552 | -62,683 | 27,468 | 50,134 | 47,357 | 43,853 | 40,561 | 40,411 | 39,506 | |
10/11 |
18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
13 |
28,110 | 28,110 | 28,110 | 28,065 | 28,065 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | |
130/1 |
- | - | 1,855 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | |
1311 |
- | - | 1,855 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | - | - | |
133 |
28,110 | 28,110 | 26,255 | 26,210 | 26,210 | - | - | - | - | - | - | - | - | - | |
14 |
-31,387 | -34,854 | - | -33,379 | - | -36,957 | -83,088 | 7,063 | 29,729 | 26,952 | 23,448 | 20,156 | 20,006 | 19,101 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | 129 | - | - | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | 129 | - | - | |
17/49 |
67,597 | 79,296 | 201,348 | 263,579 | 149,207 | 142,354 | 102,953 | 97,556 | 114,431 | 199,177 | 81,814 | 150,697 | 171,218 | 482,443 | |
17 |
- | - | - | - | - | - | - | - | 93,924 | 181,708 | - | - | - | - | |
170/4 |
- | - | - | - | - | - | - | - | 1,833 | 7,333 | - | - | - | - | |
178/9 |
- | - | - | - | - | - | - | - | 92,091 | 174,375 | - | - | - | - | |
42/48 |
66,815 | 78,912 | 200,975 | 201,319 | 149,124 | 135,649 | 102,497 | 97,366 | 20,507 | 17,334 | 41,151 | 110,697 | 117,694 | 270,076 | |
42 |
- | - | - | - | - | - | - | 1,833 | 5,500 | 5,500 | - | - | - | - | |
44 |
8,450 | 11,281 | 18,362 | 16,672 | 25,785 | 13,503 | 4,597 | 12,163 | 12,805 | 9,064 | 9,470 | 22,361 | 72,228 | 270,076 | |
440/4 |
8,450 | 11,281 | 18,362 | 16,672 | 25,785 | 13,503 | 4,597 | 12,163 | 12,805 | - | 9,470 | 22,361 | 72,228 | - | |
441 |
- | - | - | - | - | - | - | - | - | 9,064 | - | - | - | 270,076 | |
45 |
2,580 | 9,138 | 1,186 | 407 | 3,503 | 2,343 | 2,379 | 2,818 | 2,202 | 2,770 | 2,001 | 259 | 22,168 | - | |
450/3 |
2,580 | 9,138 | 1,186 | 407 | 3,503 | - | 43 | 753 | - | - | - | - | - | - | |
454/9 |
- | - | - | - | - | 2,343 | 2,336 | 2,065 | 2,202 | 2,770 | 2,001 | 259 | 22,168 | - | |
47/48 |
55,785 | 58,492 | 181,427 | 184,239 | 119,835 | 119,803 | 95,521 | 80,552 | - | - | 29,680 | 88,077 | 23,298 | - | |
492/3 |
782 | 384 | 374 | 62,261 | 83 | 6,705 | 456 | 190 | - | 135 | 40,663 | 40,000 | 53,524 | 212,367 | |
| Income statement | |||||||||||||||
70 |
- | - | - | - | - | - | - | - | 274,913 | 108,238 | 140,365 | 251,483 | 439,748 | 1.9m | |
76A |
- | 3,502 | 832 | 165 | - | - | - | - | 596 | - | 25 | - | - | - | |
9900 |
6,233 | 5,902 | 41,151 | -17,685 | 70,156 | 63,039 | -81,658 | 29,545 | 27,354 | 1,356 | 22,805 | 31,570 | 59,267 | 24,515 | |
60/61 |
- | - | - | - | - | - | - | - | 247,559 | 106,882 | 117,560 | 219,913 | 380,481 | 1.8m | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | 154 | 1,095 | |
630 |
2,161 | 3,805 | 5,264 | 5,823 | 3,259 | 2,955 | 4,144 | 3,683 | 3,833 | 9,137 | 9,137 | 8,844 | 5,666 | 5,290 | |
631/4 |
- | 32,674 | 640 | - | - | - | - | - | 19,622 | -13,145 | 10,000 | 20,000 | -59,652 | - | |
640/8 |
410 | 587 | 688 | 8,402 | 571 | 502 | 602 | 832 | - | - | - | - | 81,264 | - | |
9901 |
3,662 | -31,163 | 34,559 | -31,910 | 66,326 | 59,582 | -86,404 | 25,030 | 3,899 | 5,364 | 3,668 | 2,726 | 31,835 | 18,130 | |
75/76B |
- | 1 | - | 96 | 279 | 0 | - | 1 | 596 | - | 86 | 145 | 304 | 3,466 | |
75 |
- | 1 | - | 96 | 279 | 0 | - | 1 | - | - | 86 | 145 | 304 | 3,466 | |
76B |
- | - | - | - | - | - | - | - | 596 | - | - | - | - | - | |
65/66B |
196 | 3,691 | 357 | 1,565 | 123 | 13,451 | 3,747 | 46,970 | 322 | 395 | 45 | 8 | 1,047 | 506 | |
65 |
196 | 3,691 | 357 | 1,565 | 123 | 13,451 | 204 | 1,746 | 322 | 395 | 45 | 8 | 1,047 | 506 | |
66B |
- | - | - | - | - | - | 3,543 | 45,224 | - | - | - | - | - | - | |
9903 |
3,467 | -34,854 | 34,202 | -33,379 | 66,482 | 46,131 | -90,151 | -21,939 | 4,173 | 4,969 | 3,734 | 2,863 | 31,092 | 21,090 | |
67/77 |
- | - | 778 | - | 3,316 | - | - | 727 | 1,396 | 1,465 | 442 | 2,713 | 8,187 | 134 | |
9904 |
3,467 | -34,854 | 33,424 | -33,379 | 63,167 | 46,131 | -90,151 | -22,666 | 2,777 | 3,504 | 3,292 | 150 | 22,905 | 20,956 | |
9905 |
3,467 | -34,854 | 33,424 | -33,379 | 63,167 | 46,131 | -90,151 | -22,666 | 2,777 | 3,504 | 3,292 | 150 | 22,905 | 20,956 | |
| Appropriation of the result | |||||||||||||||
9906 |
-31,387 | -34,854 | 45 | -33,379 | 26,210 | -36,957 | -83,088 | 7,063 | 29,729 | 26,952 | 23,448 | 20,156 | 42,006 | 20,956 | |
14P |
-34,854 | - | -33,379 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 45 | - | 26,210 | - | - | - | - | - | - | - | - | 1,855 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,855 | |
6921 |
- | - | 45 | - | 26,210 | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | 22,000 | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | 22,000 | - | |
| Document | |||||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 25-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 25-03-2026 | 2026-00061633 | |
| 30-09-2024 | micro format | 27-03-2025 | 2025-00055196 | |
| 30-09-2023 | micro format | 04-04-2024 | 2024-00056922 | |
| 30-09-2022 | micro format | 23-03-2023 | 2023-00043773 | |
| 30-09-2021 | micro format | 30-03-2022 | 2022-09100095 | |
| 30-09-2020 | micro format | 19-04-2021 | 2021-10500423 | |
| 30-09-2019 | micro format | 29-04-2020 | 2020-10200102 | |
| 30-09-2018 | micro format | 30-04-2019 | 2019-11300072 | |
| 30-09-2017 | abbreviated format | 25-04-2018 | 2018-10500006 | |
| 30-09-2016 | abbreviated format | 27-04-2017 | 2017-10500384 | |
| 30-09-2015 | abbreviated format | 02-05-2016 | 2016-11400130 | |
| 30-09-2014 | abbreviated format | 26-04-2015 | 2015-10300093 | |
| 30-09-2013 | abbreviated format | 29-04-2014 | 2014-10400389 | |
| 30-09-2012 | abbreviated format | 03-04-2013 | 2013-08000471 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,823 | -27,358 | 39,823 | -26,087 | 69,585 | 62,537 | -82,260 | 28,713 | 7,732 | 14,501 | 12,805 | 11,570 | 37,501 | 23,420 | ||
| 5,627 | -31,049 | 38,688 | -27,556 | 66,426 | 49,087 | -86,007 | -18,983 | 6,610 | 12,641 | 12,429 | 8,994 | 28,571 | 26,246 | ||
| 4,000 | 1,321 | 15,289 | 11,745 | 4,500 | 3,946 | 2,302 | 8,252 | 905 | 0 | 9,907 | 15,900 | 9,000 | 20,751 | ||
| 6,991 | -139,992 | 97,316 | -80,586 | 95,512 | 27,788 | 6,537 | -20,241 | -39,727 | 42,255 | -28,181 | -37,013 | -70,617 | - | ||
| 9,746 | 7,721 | 25,979 | 59,300 | 36,423 | -18,881 | -70,270 | 17,773 | 138,742 | 217,476 | 63,655 | 54,839 | 75,140 | 236,412 | ||
| - | - | - | - | - | - | - | - | 1.4% | 5.0% | 2.6% | 1.1% | 7.2% | 1.0% | ||
| 18.4% | 13.0% | 18.8% | 4.8% | 23.8% | -13.2% | -155.7% | 22.0% | 30.5% | 19.2% | 34.9% | 21.2% | 19.1% | 7.6% | ||
| 1.15 | 1.10 | 1.13 | 1.29 | 1.24 | 0.86 | 0.31 | 1.18 | 7.77 | 13.55 | 2.55 | 1.50 | 1.64 | 1.88 | ||
| 0.66 | 0.68 | 0.80 | 1.18 | 1.17 | 0.53 | 0.25 | 0.94 | 5.16 | 13.55 | 1.09 | 0.86 | 0.87 | 1.76 | ||
| 4.43 | 6.72 | 4.32 | 19.91 | 3.20 | - | - | 3.55 | 2.28 | 4.21 | 1.87 | 3.72 | 4.24 | 12.21 | ||
| 22.7% | -295.2% | 71.6% | -252.2% | 135.5% | - | - | -82.5% | 5.5% | 7.4% | 7.5% | 0.4% | 56.7% | 53.0% | ||
| 4.2% | -38.3% | 13.5% | -12.1% | 32.3% | 36.7% | -223.9% | -18.1% | 1.7% | 1.4% | 2.6% | 0.1% | 10.8% | 4.0% | ||
| 29.76 | -7.41 | over 100 | -16.67 | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | 98 days | 247 days | 62 days | 50 days | 8 days | 16 days | ||
| - | - | - | - | - | - | - | - | 19 days | 31 days | 29 days | 37 days | 69 days | 54 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €4,000 | €1,321 | €15,289 | €11,745 |
| €2,161 | €3,805 | €5,264 | €5,823 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €3,662, after a loss of €31,163 in 2024.
Debt's share of the balance-sheet total falls from 87.0% to 81.6%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
ECOCONSTRUCT 2020 has no parent and no holdings in its annual accounts. ECOCONSTRUCT 2020 shares no director with another company.
| SKINDLES
registered office since 07-02-1996 · founded in 1996 |
total assets €451,772 (2025) 0457.004.315 |
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Kriekstraat 25 registered office 8970 Poperinge 43211 General electrical installation work | 06-09-2011 | 2.207.150.866 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 33023B0042/00V000 | 1,082 m² | 1 · 189 m² | 7.0 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0839.059.995
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