Financials
- Fiscal year
- 2025
- Total assets
- €4.6m
- Loss
- -€120,661
- Solvency
- 38.7%
Total assets▲ 16.4%
Net result
20182025
ECODEL
ActiveSummary
ECODEL has been active since 1956 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of -€120,661. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 56% of 10958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
#3 oldest company in Zwevegem, Real estate sector1 site
Size
€4.6mtotal assets 2025
- Equity
- €1.8m
- Loss
- -€120,661
Turnover not published (abridged schema)
Structure
Accounts 7 d early0 of 6 deeds read
Why 84- Liquidity: current ratio 0.00, cash €273, halved- Loss of €120,661, the second in a row (FY 2025)+ Size: total assets €4.6m+ Founded in 1956Show the evidence
Checked score
Score 2025
84
/ 100
Excellent
Probability in this band: under 0.55%
Better than 27% of its sector peers (NACE 68, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
64-9
equity 38.7% of total assets
Liquidity
19-6
short-term debt 60.1% · cash 0.0%
Profitability
15+2
return on assets -2.6%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● 0.0% vs 11-2024
01-2025: 0.2%▼ -0.5% vs 12-2024lowest value
02-2025: 0.2%▲ +1.1% vs 01-2025
03-2025: 0.2%▼ -0.5% vs 02-2025
04-2025: 0.2%▲ +1.6% vs 03-2025
05-2025: 0.2%▲ +4.3% vs 04-2025
06-2025: 0.2%▲ +4.7% vs 05-2025
07-2025: 0.2%▲ +23.3% vs 06-2025
08-2025: 0.3%▲ +22.5% vs 07-2025
09-2025: 0.3%● 0.0% vs 08-2025
10-2025: 0.3%● 0.0% vs 09-2025
11-2025: 0.3%● 0.0% vs 10-2025
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.3%● 0.0% vs 12-2025
02-2026: 0.3%● 0.0% vs 01-2026
03-2026: 0.3%▲ +1.6% vs 02-2026
04-2026: 0.3%▼ -2.6% vs 03-2026
05-2026: 0.3%▲ +6.6% vs 04-2026
06-2026: 0.3%▼ -3.1% vs 05-2026
07-2026: 0.3%▲ +3.5% vs 06-2026highest value
08-2026: 0.2%▼ -26.3% vs 07-2026
09-2026: 0.2%● 0.0% vs 08-2026
10-2026: 0.2%● 0.0% vs 09-2026
- Liquidity: current ratio 0.00, cash €273, halved raises the probability
- Size: total assets €4.6m lowers the probability for this profile
- Founded in 1956 lowers the probability for this profile
- Loss of €120,661, the second in a row (FY 2025) raises the probability
Credit up to €140,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.01 in 2024; short-term debt: 60.1% and cash: 0% of total assets), and 61.3% 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 68, small). Better than this share of them on solvency 58%, liquidity 15%, profitability 8%, growth against the median 26%. 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.
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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
1819202122232425
2018 to 2025 · latest year -€120,661
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
9 d early
2023
19 d early
2022
101 d late
2021
31 d late
2020
59 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 24 July (4 of the last 5 filed years within 38 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 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Weakest financial yearnet -€180,775
Key points
By topic
Timeline
- Events
- 16
- Since
- 2017
- Next accounts
- by 31-07-2027
- 24-07-2026Annual accounts filed
- 22-07-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Renting and operating of own or leased non-residential…NACE 68203
- Founded
- 11-02-1956
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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