ECODE
ActiveECODE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €760. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 31544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+4
Solvency83▼-17
Growth85=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 4.66 in 2024; short-term debt: 41.9% and cash: 54.4% of total assets), and 41.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
58.1%
Return on assets
2.3%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
14 d early
2023
41 d early
2022
38 d early
2021
33 d early
2020
43 d early
2019
39 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€86k▲ 37.9%
2018 · €63k
2018: €63k
2018 → 2019
EBIT margin
0.7%▲ 0.3pp
2018 · 0.4%
2018: 0.4%
2018 → 2019
Net result
€760
2024 · €-171
2018: €-180
2019: €369
2020: €213
2021: €330
2022: €-67
2023: €112
2024: €-171
2018 → 2025
Working capital
€17k▲ 4.3%
2024 · €16k
2018: €13k
2019: €14k
2020: €13k
2021: €12k
2022: €13k
2023: €15k
2024: €16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€14k▼ 0.5%€18k▲ 28.7%€18k▼ 0.9%€19k▲ 4.2%
Operating result€304-€206▼ 32.2%€260▲ 26.0%€-94€1k
Net result€330-€-67€112€-171€760
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1k after a loss of €94 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33k
Fixed assets
€2k▲ 3.3%
Current assets
€31k▲ 47.3%
Equity and liabilities €33k
Equity
€19k▲ 4.2%
Debt
€14k▲ 205%
The debt ratio rises from 19.7% to 41.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2k▲
2024 · €1k
Cash flow
€2k▲
2024 · €1k
Solvency
58.1%▼
2024 · 80.3%
Current ratio
2.25▼
2024 · 4.66
Quick ratio
2.25▼
2024 · 4.66
Debt / equity
0.72▲
2024 · 0.25
ROE
4.0%▲
2024 · -0.9%
ROA
2.3%▲
2024 · -0.8%
Interest coverage
45.32▲
2024 · 31.17
Debt
€14k▲
2024 · €4k
Debt ≤ 1 year
€14k▲
2024 · €4k
Income taxes
€286▲
2024 · €34
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€23k€33k▲
Fixed assets21/28€2k€2k▲
Tangible fixed assets22/27€2k€2k▲
Plant, machinery and equipment23€2k-
Furniture and vehicles24-€2k
Financial fixed assets28€180€180=
Current assets29/58€21k€31k▲
Amounts receivable within one year40/41€14k€12k▼
Trade receivables40€14k€12k▼
Cash at bank and in hand54/58€7k€18k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€23k€33k▲
Equity10/15€18k€19k▲
Contributions10/11€16k€16k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€282€1k▲
Amounts payable17/49€4k€14k▲
Amounts payable within one year42/48€4k€14k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Advances received on contracts in progress46-€8k
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€136€419▲
Remuneration and social security454/9€3k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Other operating charges640/8-€400
Gross operating margin9900€1k€3k▲
Operating profit (loss)9901€-94€1k▲
Financial charges65/66B€42€50▲
Recurring financial charges65€42€50▲
Profit (loss) for the period before taxes9903€-137€1k▲
Income taxes67/77€34€286▲
Profit (loss) for the period9904€-171€760▲
Profit (loss) for the period to be appropriated9905€-171€760▲
Appropriation of the result
Profit (loss) to be appropriated9906€282€1k▲
Profit (loss) brought forward from the previous period14P€452€282▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €760
Net result €760 after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €112
Net result €112 after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €369
Net result €369 after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Malmedy · 1 establishment unit since 2004
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.
Burnenville-Route Anc.Frontière 284960 MalmedyGround area
363 m²
Building footprint
301 m²
Volume, LiDAR
9,755 m³
Parcel 62803A1378/00R002, Wallonia · tallest building 35.4 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
Eco2de
since 20042.142.497.495
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1378/00R002 | Wallonia | 363 m² | 1 · 301 m² | 35.4 m · 11 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
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 82,518 companies in sector 70200 we hold annual accounts for 52,573. 30,072 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-2004
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.