EcoDynamic
ActiveSummary
EcoDynamic has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €361,193 and a net result of €42,120. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-4
Solvency83▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 3.59 against 3.67 in 2023; short-term debt: 18.1% and cash: 54.5% of total assets), and 42% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
35 d early
2022
31 d late
2021
27 d early
2020
18 d late
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€361,193▲ 5.9%
2023 · €340,949
Total assets
€622,280▲ 1.7%
2023 · €611,652
Net result
€42,120▼ 30.6%
2023 · €60,657
Working capital
€291,599▲ 9.2%
2023 · €267,137
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€77,123▲ 83.8%€116,165▲ 50.6%€44,738▼ 61.5%€100,259▲ 124%€72,029▼ 28.2%
Net result€44,374▲ 103%€71,717▲ 61.6%€20,709▼ 71.1%€60,657▲ 193%€42,120▼ 30.6%
Equity€222,062▲ 25.0%€293,778▲ 32.3%€297,969▲ 1.4%€340,949▲ 14.4%€361,193▲ 5.9%
Total assets€535,617▲ 13.1%€611,466▲ 14.2%€574,290▼ 6.1%€611,652▲ 6.5%€622,280▲ 1.7%
Debt€274,356▲ 6.8%€278,488▲ 1.5%€237,121▼ 14.9%€231,503▼ 2.4%€221,888▼ 4.2%
Working capital€190,288▲ 25.6%€240,881▲ 26.6%€229,244▼ 4.8%€267,137▲ 16.5%€291,599▲ 9.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 28% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €622,280
Fixed assets
€218,112 ▼ 10.8%
Current assets
€404,169 ▲ 10.1%
Equity and liabilities €622,280
Equity
€361,193 ▲ 5.9%
Provisions
€39,200 =
Debt
€221,888 ▼ 4.2%
Debt's share of the balance-sheet total falls from 37.8% to 35.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€98,522▼
2023 · €122,489
Cash flow
€68,613▼
2023 · €82,887
Current ratio
3.59▼
2023 · 3.67
Quick ratio
3.46▼
2023 · 3.50
Debt to equity
0.61▼
2023 · 0.68
ROE
11.7%▼
2023 · 17.8%
ROA
6.8%▼
2023 · 9.9%
Interest coverage
12.08▲
2023 · 10.18
Debt ≤ 1 year
€112,570▲
2023 · €99,911
Debt > 1 year
€98,762▼
2023 · €121,037
Income taxes
€24,203▼
2023 · €27,641
Staff costs
€0▼
2023 · €161
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,525 | €0 | - | €8,500 | - |
| Remuneration, social security and pensions62 | - | €0 | €331 | €161 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,664 | €19,388 | €26,476 | €22,230 | €26,493 | ▲ 19.2% |
| Other operating charges640/8 | - | €3,619 | €7,484 | €1,638 | €4,718 | ▲ 188% |
| Non-recurring operating charges66A | - | - | - | €969 | - | - |
| Gross operating margin9900 | €100,678 | €139,173 | €79,029 | €125,257 | €103,240 | ▼ 17.6% |
| Operating profit (loss)9901 | €77,123 | €116,165 | €44,738 | €100,259 | €72,029 | ▼ 28.2% |
| Financial income75/76B | - | €0 | €70 | €70 | €2,453 | ▲ 3,422% |
| Recurring financial income75 | €158 | €0 | €70 | €70 | €2,453 | ▲ 3,422% |
| Financial charges65/66B | - | €10,668 | €10,216 | €12,030 | €8,159 | ▼ 32.2% |
| Recurring financial charges65 | €10,999 | €10,668 | €10,216 | €12,030 | €8,159 | ▼ 32.2% |
| Profit (loss) for the period before taxes9903 | €66,282 | €105,498 | €34,592 | €88,299 | €66,323 | ▼ 24.9% |
| Income taxes67/77 | €21,908 | €33,781 | €13,883 | €27,641 | €24,203 | ▼ 12.4% |
| Profit (loss) for the period9904 | €44,374 | €71,717 | €20,709 | €60,657 | €42,120 | ▼ 30.6% |
| Profit (loss) for the period to be appropriated9905 | €44,374 | €71,717 | €20,709 | €60,657 | €42,120 | ▼ 30.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €535,617 | €611,466 | €574,290 | €611,652 | €622,280 | ▲ 1.7% |
| Fixed assets21/28 | €238,786 | €232,472 | €227,814 | €244,605 | €218,112 | ▼ 10.8% |
| Intangible fixed assets21 | - | - | €1,613 | €0 | - | - |
| Tangible fixed assets22/27 | €238,786 | €232,472 | €226,201 | €244,605 | €218,112 | ▼ 10.8% |
| Land and buildings22 | - | €198,275 | €189,985 | €181,083 | €172,322 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | €11,652 | €9,499 | €5,867 | €2,493 | ▼ 57.5% |
| Furniture and vehicles24 | - | €22,411 | €26,717 | €57,655 | €43,297 | ▼ 24.9% |
| Other tangible fixed assets26 | - | €135 | €0 | - | - | - |
| Current assets29/58 | €296,832 | €378,994 | €346,476 | €367,048 | €404,169 | ▲ 10.1% |
| Stocks and contracts in progress3 | €9,653 | €26,763 | €29,402 | €17,151 | €14,713 | ▼ 14.2% |
| Stocks30/36 | - | €26,763 | €29,402 | €17,151 | €14,713 | ▼ 14.2% |
| Amounts receivable within one year40/41 | €9,858 | €24,168 | €50,547 | €25,968 | €47,180 | ▲ 81.7% |
| Trade receivables40 | - | €13,095 | €30,427 | €19,143 | €39,747 | ▲ 108% |
| Other amounts receivable41 | - | €11,073 | €20,120 | €6,825 | €7,433 | ▲ 8.9% |
| Current investments50/53 | - | - | - | €50,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €277,321 | €327,804 | €265,595 | €270,680 | €339,444 | ▲ 25.4% |
| Deferred charges and accrued income490/1 | - | €259 | €932 | €3,248 | €2,831 | ▼ 12.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €535,617 | €611,466 | €574,290 | €611,652 | €622,280 | ▲ 1.7% |
| Equity10/15 | €222,062 | €293,778 | €297,969 | €340,949 | €361,193 | ▲ 5.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €120,306 | €192,023 | €196,214 | €239,193 | €259,437 | ▲ 8.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €190,163 | €194,354 | €239,193 | €259,437 | ▲ 8.5% |
| Profit (loss) carried forward14 | €83,155 | €83,155 | €83,155 | €83,155 | €83,155 | = |
| Provisions and deferred taxes16 | €39,200 | €39,200 | €39,200 | €39,200 | €39,200 | = |
| Provisions for liabilities and charges160/5 | - | €39,200 | €39,200 | €39,200 | €39,200 | = |
| Pensions and similar obligations160 | - | €39,200 | €39,200 | €39,200 | €39,200 | = |
| Amounts payable17/49 | €274,356 | €278,488 | €237,121 | €231,503 | €221,888 | ▼ 4.2% |
| Amounts payable after more than one year17 | €163,292 | €133,866 | €111,449 | €121,037 | €98,762 | ▼ 18.4% |
| Financial debts170/4 | - | €133,866 | €111,449 | €121,037 | €98,762 | ▼ 18.4% |
| Amounts payable within one year42/48 | €106,543 | €138,113 | €117,232 | €99,911 | €112,570 | ▲ 12.7% |
| Current portion of amounts payable after more than one year42 | - | €29,883 | €22,417 | €21,318 | €22,275 | ▲ 4.5% |
| Financial debts43 | - | - | €8,155 | €8,510 | €8,452 | ▼ 0.7% |
| Credit institutions430/8 | - | - | €8,155 | €8,510 | €8,452 | ▼ 0.7% |
| Trade debts44 | €31,496 | €46,372 | €35,124 | €29,286 | €42,049 | ▲ 43.6% |
| Suppliers440/4 | - | €46,372 | €35,124 | €29,286 | €42,049 | ▲ 43.6% |
| Taxes, remuneration and social security45 | - | €13,369 | €4,611 | €8,626 | €2,776 | ▼ 67.8% |
| Taxes450/3 | - | €13,369 | €4,611 | €8,626 | €2,776 | ▼ 67.8% |
| Other amounts payable47/48 | - | €48,489 | €46,925 | €32,170 | €37,018 | ▲ 15.1% |
| Accrued charges and deferred income492/3 | - | €6,509 | €8,440 | €10,556 | €10,556 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,374 | €71,717 | €20,709 | €60,657 | €42,120 | ▼ 30.6% |
| + Depreciation and write-downs630 | €21,664 | €19,388 | €26,476 | €22,230 | €26,493 | ▲ 19.2% |
| Operating cash flow (approximation) | €66,038 | €91,104 | €47,186 | €82,887 | €68,613 | ▼ 17.2% |
| Investment in fixed assets (approximation) | - | -€13,074 | -€21,818 | -€39,021 | €0 | ▲ 100% |
| Change in cash | - | €50,483 | -€62,209 | €5,085 | €68,764 | ▲ 1,252% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €71,717 ▲61.6%
Operating result €116,165, net result €71,717, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Equity above €200,000Eq €222,062 ▲25%
3 profitable years in a row build equity to €222,062.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Gent · 2 establishment units since 2007
Ground area
982 m²
Building footprint
488 m²
Volume, LiDAR
1,502 m³
2 parcels, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
ECODYNAMIC
since 20072.159.727.467
ECODYNAMIC
since 20262.388.959.451
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074B0471/00P003 | Flanders | 732 m² | 1 · 192 m² | 6.6 m · 1 fl. |
| 44017A1317/00G000 | Flanders | 250 m² | 1 · 296 m² | 5.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 780 EUR awarded · 780 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 533 EUR | 533 EUR |
| 2023 | 1 | 86 EUR | 86 EUR |
| 2022 | 1 | 161 EUR | 161 EUR |
Similar companies · same sector, comparable size
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,667. 4,398 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
43350Other building finishing work
46836Wholesale trade
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services
Contact
Phone
0468 13 74 87
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873450257
Also
9925:BE0873450257
Registered
25-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.