ECOFIMA
InactiveFinancials · financial year 2024, full format
Turnover
≈ €360,000
Estimated: probably between €220,000 and €670,000
EBIT margin
Not included in this filing
Net result
-€20,864▲ 14.3%
2023 · -€24,341
Working capital
€951,269▲ 3.8%
2023 · €916,834
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €11,964 in 2024 against €15,875 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.01m
2024
Net result-€0.02m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.7m
2024
Equity€4.2m
2024
Debt€0.5m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.0m
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€0.09m--€0.007m▲ 92.7%-€0.04m▼ 525%-€0.02m▲ 48.7%-€0.02m▼ 14.6%-€0.02m▲ 33.9%-€0.01m▲ 24.6%
Net result-€0.06m--€0.03m▲ 52.7%-€0.05m▼ 66.3%-€0.1m▼ 131%-€0.02m▲ 76.9%-€0.02m▲ 1.3%-€0.02m▲ 14.3%
Equity€1.8m-€1.8m▼ 1.5%€1.8m▼ 2.6%€1.6m▼ 7.2%€1.6m▼ 2.7%€1.6m▼ 1.5%€4.2m▲ 172%
Total assets€2.7m-€2.6m▼ 4.4%€2.4m▼ 6.9%€2.2m▼ 7.3%€2.2m▼ 3.9%€2.1m▼ 2.2%€4.7m▲ 124%
Debt€0.9m-€0.8m▼ 10.2%€0.7m▼ 16.6%€0.6m▼ 7.5%€0.6m▼ 6.9%€0.5m▼ 4.0%€0.5m▼ 10.3%
Working capital€0.8m-€1.0m▲ 31.8%€1.1m▲ 6.8%€0.9m▼ 13.0%€0.9m▼ 4.5%€0.9m▲ 2.0%€1.0m▲ 3.8%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.7m
Fixed assets
€3.7m ▲ 238%
Current assets
€1.0m ▲ 2.3%
Equity and liabilities €4.7m
Equity
€4.2m ▲ 172%
Debt
€491,894 ▼ 10.3%
Debt's share of the balance-sheet total falls from 26.1% to 10.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€107,320▲
2023 · €100,499
Cash flow
€98,421▲
2023 · €92,034
Current ratio
11.88▲
2023 · 10.34
Quick ratio
11.86▲
2023 · 10.32
Debt to equity
0.12▼
2023 · 0.35
ROE
-0.5%▲
2023 · -1.6%
ROA
-0.4%▲
2023 · -1.2%
Interest coverage
9.37▲
2023 · 7.88
Debt ≤ 1 year
€87,453▼
2023 · €98,212
Debt > 1 year
€400,945▼
2023 · €445,022
Income taxes
€22,468▲
2023 · €20,238
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €110,138 | €110,269 | €110,329 | €111,541 | €121,301 | €116,374 | €119,285 | ▲ 2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,440 | - | -€2,440 | - | - |
| Other operating charges640/8 | - | - | - | €20,367 | €24,974 | €45,992 | €32,320 | ▼ 29.7% |
| Gross operating margin9900 | €61,208 | €131,329 | €92,693 | €113,409 | €122,271 | €144,051 | €139,641 | ▼ 3.1% |
| Operating profit (loss)9901 | -€89,717 | -€6,534 | -€40,818 | -€20,940 | -€24,004 | -€15,875 | -€11,964 | ▲ 24.6% |
| Financial income75/76B | - | - | - | €27,689 | €24,914 | €24,524 | €25,017 | ▲ 2.0% |
| Recurring financial income75 | €56,254 | €29,150 | €26,598 | €27,689 | €24,914 | €24,524 | €25,017 | ▲ 2.0% |
| Financial charges65/66B | - | - | - | €11,815 | €11,583 | €12,752 | €11,448 | ▼ 10.2% |
| Recurring financial charges65 | €21,858 | €24,398 | €21,026 | €11,815 | €11,583 | €12,752 | €11,448 | ▼ 10.2% |
| Profit (loss) for the period before taxes9903 | -€55,322 | -€1,782 | -€35,246 | -€5,066 | -€10,673 | -€4,103 | €1,604 | - |
| Income taxes67/77 | €3,515 | €26,050 | €11,036 | €101,666 | €13,983 | €20,238 | €22,468 | ▲ 11.0% |
| Profit (loss) for the period9904 | -€58,837 | -€27,832 | -€46,281 | -€106,731 | -€24,656 | -€24,341 | -€20,864 | ▲ 14.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €309,964 | €84,536 | €84,536 | €84,536 | = |
| Profit (loss) for the period to be appropriated9905 | €25,699 | €56,704 | €38,254 | €203,233 | €59,880 | €60,195 | €63,672 | ▲ 5.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.7m | €2.6m | €2.4m | €2.2m | €2.2m | €2.1m | €4.7m | ▲ 124% |
| Fixed assets21/28 | €1.4m | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | €3.7m | ▲ 238% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | €3.7m | ▲ 238% |
| Land and buildings22 | - | - | - | €1.2m | €1.1m | €1.1m | €3.7m | ▲ 245% |
| Plant, machinery and equipment23 | - | - | - | €0.004m | €0.005m | €0.01m | €0.01m | ▼ 25.7% |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.002m | €0.01m | €0.009m | ▼ 23.2% |
| Other tangible fixed assets26 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Financial fixed assets28 | €0.001m | €0.001m | €335 | €335 | €335 | €335 | - | - |
| Current assets29/58 | €1.3m | €1.3m | €1.2m | €1.1m | €1.0m | €1.0m | €1.0m | ▲ 2.3% |
| Stocks and contracts in progress3 | €0.009m | - | - | - | €0.001m | €0.001m | €0.001m | = |
| Stocks30/36 | - | - | - | - | €0.001m | €0.001m | €0.001m | = |
| Amounts receivable within one year40/41 | €1.3m | €1.2m | €1.2m | €1.1m | €1.0m | €1.0m | €1.0m | ▲ 2.4% |
| Trade receivables40 | - | - | - | €0.009m | €0.005m | €0.003m | €0.002m | ▼ 40.3% |
| Other amounts receivable41 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 2.5% |
| Cash at bank and in hand54/58 | €0.007m | €0.001m | €0.006m | €0.004m | €0.001m | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | ▼ 4.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.7m | €2.6m | €2.4m | €2.2m | €2.2m | €2.1m | €4.7m | ▲ 124% |
| Equity10/15 | €1.8m | €1.8m | €1.8m | €1.6m | €1.6m | €1.6m | €4.2m | ▲ 172% |
| Contributions10/11 | €0.3m | €0.3m | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | - | - | - | €0.3m | - |
| Issued capital100 | - | - | - | - | - | - | €0.3m | - |
| Revaluation surpluses12 | - | - | - | €0.9m | €0.8m | €0.8m | €3.4m | ▲ 343% |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | - | - | - | €0.03m | - |
| Reserves not available under the articles1311 | - | - | - | €0.03m | €0.03m | €0.03m | - | - |
| Profit (loss) carried forward14 | €0.1m | €0.2m | €0.2m | €0.4m | €0.4m | €0.5m | €0.6m | ▲ 12.7% |
| Amounts payable17/49 | €0.9m | €0.8m | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | ▼ 10.3% |
| Amounts payable after more than one year17 | €0.4m | €0.5m | €0.6m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 9.9% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 9.9% |
| Other amounts payable178/9 | - | - | - | €0.002m | - | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.3m | €0.09m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 11.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.06m | €0.04m | €0.05m | ▲ 12.3% |
| Financial debts43 | - | - | - | €0.01m | €0.02m | €0.03m | €0.03m | ▲ 6.3% |
| Credit institutions430/8 | - | - | - | €0.01m | €0.02m | €0.03m | €0.03m | ▲ 6.3% |
| Trade debts44 | €0.2m | €0.08m | €0.002m | €0.02m | €0.03m | €0.03m | €0.01m | ▼ 64.3% |
| Suppliers440/4 | - | - | - | €0.02m | €0.03m | €0.03m | €0.01m | ▼ 64.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.006m | €0.006m | €0.001m | €0.001m | ▲ 19.6% |
| Taxes450/3 | - | - | - | €0.006m | €0.006m | €0.001m | €0.001m | ▲ 19.6% |
| Other amounts payable47/48 | - | - | - | €0.02m | €0.02m | €0.001m | €246 | ▼ 61.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.005m | €0.005m | €0.003m | ▼ 35.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.06m | -€0.03m | -€0.05m | -€0.1m | -€0.02m | -€0.02m | -€0.02m | ▲ 14.3% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 2.5% |
| Operating cash flow (approximation) | €0.05m | €0.08m | €0.06m | €0.005m | €0.1m | €0.09m | €0.1m | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | -€0.01m | -€0.03m | -€0.05m | -€0.06m | -€0.08m | -€2.7m | ▼ 3,089% |
| Change in cash | - | -€0.006m | €0.005m | -€0.002m | -€0.003m | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 02-07-2025 | 2025-00239714 |
| 31-12-2023 | full format | 31-08-2024 | 2024-00458290 |
| 31-12-2022 | full format | 24-06-2023 | 2023-00168211 |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20326500 |
| 31-12-2020 | micro format | 20-08-2021 | 2021-51900258 |
| 31-12-2019 | micro format | 15-09-2020 | 2020-53300597 |
| 31-12-2018 | micro format | 28-08-2019 | 2019-53800543 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56400463 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-57900424 |
| 31-12-2015 | full format | 30-08-2016 | 2016-53100432 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.