Summary
ECOFINANCE has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2.2m and a net result of -€140,107. Equity remains stable across the filed fiscal years (±1.7% per year). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
41 d early
2023
6 d early
2022
6 d early
2021
24 d early
2020
31 d late
2019
61 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 5 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€216,000▼ 0.9%
2023 · €217,908
EBIT margin
-50.4%▼ 19.0pp
2023 · -31.4%
Net result
-€140,107▲ 16.0%
2023 · -€166,755
Working capital
-€1.1m▼ 1,134%
2023 · -€85,353
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€191,560▼ 27.7%€216,000▲ 12.8%€216,000=€217,908▲ 0.9%€216,000▼ 0.9%
Operating result€558,666▲ 336%-€16,761-€70,816▼ 323%-€68,435▲ 3.4%-€108,888▼ 59.1%
Net result€1.5mabove the sector's middle half▲ 3,486%€140,300within the sector's middle half▼ 90.7%€107,779within the sector's middle half▼ 23.2%-€166,755below the sector's middle half-€140,107below the sector's middle half▲ 16.0%
EBIT margin291.6%▲ 243.3pp-7.8%▼ 299.4pp-32.8%▼ 25.0pp-31.4%▲ 1.4pp-50.4%▼ 19.0pp
Equity€2.8mwithin the sector's middle half▲ 118%€2.8mwithin the sector's middle half▲ 1.4%€2.8mwithin the sector's middle half▼ 1.1%€2.4mwithin the sector's middle half▼ 13.4%€2.2mwithin the sector's middle half▼ 10.8%
Total assets€3.6mwithin the sector's middle half▼ 38.7%€3.5mwithin the sector's middle half▼ 3.3%€3.4mwithin the sector's middle half▼ 2.8%€3.4mwithin the sector's middle half▼ 0.2%€3.4mwithin the sector's middle half▲ 2.2%
Debt€779,878▼ 82.9%€620,309▼ 20.5%€556,071▼ 10.4%€927,341▲ 66.8%€1.3m▲ 36.3%
Working capital-€144,697below the sector's middle half▲ 89.5%-€58,497below the sector's middle half▲ 59.6%-€137,460below the sector's middle half▼ 135%-€85,353below the sector's middle half▲ 37.9%-€1.1mbelow the sector's middle half▼ 1,134%
Solvency78.2%above the sector's middle half▲ 56.2pp82.1%above the sector's middle half▲ 3.9pp83.5%above the sector's middle half▲ 1.4pp72.4%above the sector's middle half▼ 11.1pp63.2%within the sector's middle half▼ 9.2pp
Current ratio0.17below the sector's middle half▲ 0.130.58below the sector's middle half▲ 0.410.31below the sector's middle half▼ 0.260.67below the sector's middle half▲ 0.360.09below the sector's middle half▼ 0.58
Return on assets (ROA)42.3%above the sector's middle half▲ 41.5pp4.1%within the sector's middle half▼ 38.2pp3.2%within the sector's middle half▼ 0.9pp-5.0%below the sector's middle half▼ 8.2pp-4.1%below the sector's middle half▲ 0.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €108,888 in 2024 against €68,435 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.4m
Fixed assets
€3.3m ▲ 4.5%
Current assets
€105,801 ▼ 40.1%
Equity and liabilities €3.4m
Equity
€2.2m ▼ 10.8%
Debt
€1.3m ▲ 36.3%
Debt's share of the balance-sheet total rises from 27.6% to 36.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-6.5%▲
2023 · -6.9%
Debt ≤ 1 year
€1.2m▲
2023 · €262,101
Debt > 1 year
€104,555▼
2023 · €665,241
Income taxes
€460▲
2023 · €308
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €236,326 | €242,690 | €272,865 | €248,674 | ▼ 8.9% |
| Turnover70 | €191,560 | €216,000 | €216,000 | €217,908 | €216,000 | ▼ 0.9% |
| Other operating income74 | - | €20,326 | €26,690 | €26,633 | €32,674 | ▲ 22.7% |
| Non-recurring operating income76A | - | €0 | - | €28,323 | €0 | ▼ 100% |
| Operating charges60/66A | - | €253,087 | €313,506 | €341,300 | €357,562 | ▲ 4.8% |
| Services and other goods61 | - | €207,504 | €269,145 | €299,186 | €316,600 | ▲ 5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,351 | €39,684 | €40,482 | €38,393 | €38,150 | ▼ 0.6% |
| Other operating charges640/8 | - | €5,899 | €3,880 | €3,721 | €2,812 | ▼ 24.4% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Operating profit (loss)9901 | €558,666 | -€16,761 | -€70,816 | -€68,435 | -€108,888 | ▼ 59.1% |
| Financial income75/76B | - | €318,044 | €228,762 | €0 | €7,875 | - |
| Recurring financial income75 | €1.2m | €318,044 | €228,762 | €0 | €7,875 | - |
| Income from financial fixed assets750 | - | €318,044 | €228,762 | €0 | - | - |
| Income from current assets751 | - | - | - | - | €7,875 | - |
| Other financial income752/9 | - | €0 | - | - | - | - |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €160,676 | €49,851 | €98,012 | €38,634 | ▼ 60.6% |
| Recurring financial charges65 | €62,883 | €25,496 | €11,252 | €12,354 | €38,634 | ▲ 213% |
| Debt charges650 | €60,319 | €25,265 | €11,094 | €12,093 | €38,087 | ▲ 215% |
| Other financial charges652/9 | - | €231 | €157 | €261 | €547 | ▲ 110% |
| Non-recurring financial charges66B | - | €135,180 | €38,599 | €85,658 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €1.6m | €140,608 | €108,095 | -€166,447 | -€139,647 | ▲ 16.1% |
| Income taxes67/77 | €100,830 | €308 | €317 | €308 | €460 | ▲ 49.3% |
| Taxes670/3 | - | €308 | €317 | €308 | €460 | ▲ 49.3% |
| Profit (loss) for the period9904 | €1.5m | €140,300 | €107,779 | -€166,755 | -€140,107 | ▲ 16.0% |
| Profit (loss) for the period to be appropriated9905 | €1.5m | €140,300 | €107,779 | -€166,755 | -€140,107 | ▲ 16.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €3.5m | €3.4m | €3.4m | €3.4m | ▲ 2.2% |
| Fixed assets21/28 | €3.6m | €3.4m | €3.3m | €3.2m | €3.3m | ▲ 4.5% |
| Tangible fixed assets22/27 | €700,530 | €684,328 | €643,847 | €620,233 | €605,638 | ▼ 2.4% |
| Land and buildings22 | - | €643,980 | €614,293 | €603,545 | €591,167 | ▼ 2.1% |
| Plant, machinery and equipment23 | - | €10,148 | €7,779 | €5,410 | €3,041 | ▼ 43.8% |
| Furniture and vehicles24 | - | €30,200 | €21,774 | €11,278 | €11,431 | ▲ 1.4% |
| Financial fixed assets28 | €2.9m | €2.7m | €2.7m | €2.6m | €2.7m | ▲ 6.2% |
| Affiliated companies280/1 | - | €2.7m | €2.7m | €2.6m | €2.7m | ▲ 6.2% |
| Participating interests280 | - | €2.7m | €2.7m | €2.6m | €2.6m | ▲ 0.4% |
| Amounts receivable281 | - | - | - | - | €150,000 | - |
| Current assets29/58 | €28,719 | €80,392 | €63,142 | €176,748 | €105,801 | ▼ 40.1% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €14,170 | €14,170 | €40,000 | €150,127 | €76,880 | ▼ 48.8% |
| Trade receivables40 | - | - | - | €1,293 | €3,945 | ▲ 205% |
| Other amounts receivable41 | - | €14,170 | €40,000 | €148,835 | €72,935 | ▼ 51.0% |
| Cash at bank and in hand54/58 | €9,100 | €60,688 | €22,148 | €23,278 | €16,634 | ▼ 28.5% |
| Deferred charges and accrued income490/1 | - | €5,534 | €994 | €3,343 | €12,287 | ▲ 268% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €3.5m | €3.4m | €3.4m | €3.4m | ▲ 2.2% |
| Equity10/15 | €2.8m | €2.8m | €2.8m | €2.4m | €2.2m | ▼ 10.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2.8m | €2.8m | €2.8m | €2.4m | €2.2m | ▼ 10.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | €2.8m | €2.8m | €2.4m | €2.2m | ▼ 10.8% |
| Amounts payable17/49 | €779,878 | €620,309 | €556,071 | €927,341 | €1.3m | ▲ 36.3% |
| Amounts payable after more than one year17 | €606,462 | €481,420 | €354,849 | €665,241 | €104,555 | ▼ 84.3% |
| Financial debts170/4 | - | €481,420 | €354,849 | €226,676 | €104,555 | ▼ 53.9% |
| Credit institutions173 | - | €481,420 | €354,849 | €226,676 | €104,555 | ▼ 53.9% |
| Other amounts payable178/9 | - | - | - | €438,565 | - | - |
| Amounts payable within one year42/48 | €173,416 | €138,889 | €200,602 | €262,101 | €1.2m | ▲ 342% |
| Current portion of amounts payable after more than one year42 | - | €125,042 | €126,571 | €135,903 | €137,581 | ▲ 1.2% |
| Trade debts44 | €19,722 | €4,615 | €15,563 | €55,859 | €22,647 | ▼ 59.5% |
| Suppliers440/4 | - | €4,615 | €15,563 | €55,859 | €22,647 | ▼ 59.5% |
| Taxes, remuneration and social security45 | - | €8,571 | €11,214 | €4,515 | €8,479 | ▲ 87.8% |
| Taxes450/3 | - | €8,571 | €11,214 | €4,515 | €8,479 | ▲ 87.8% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €661 | €47,254 | €65,824 | €990,405 | ▲ 1,405% |
| Accrued charges and deferred income492/3 | - | - | €620 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.5m | €140,300 | €107,779 | -€166,755 | -€140,107 | ▲ 16.0% |
| + Depreciation and write-downs630 | €37,351 | €39,684 | €40,482 | €38,393 | €38,150 | ▼ 0.6% |
| Operating cash flow (approximation) | €1.6m | €179,984 | €148,261 | -€128,363 | -€101,957 | ▲ 20.6% |
| Investment in fixed assets (approximation) | - | €131,698 | €38,600 | €80,878 | -€182,556 | ▼ 326% |
| Change in cash | - | €51,588 | -€38,540 | €1,130 | -€6,644 | ▼ 688% |
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
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€166,755
Net result drops to -€166,755, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €1.5m ▲3,486%
Operating result €558,666, net result €1.5m, both a record.
31-12
Financial
Equity above €2mEq €2.8m ▲118%
3 profitable years in a row build equity to €2.8m.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Menen · 1 establishment unit since 2007
Ground area
4,491 m²
Building footprint
261 m²
Volume, LiDAR
1,949 m³
Parcel 34024A0591/00D000, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ECOFINANCE
since 20072.158.555.351
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024A0591/00D000 | Flanders | 4,491 m² | 1 · 260 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
4 holdings · 4 subsidiaries in the treeOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 4
-
99.36%
-
84.63%
-
84.63%
-
50%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- IMMO - DUBOIS 99.36%
- Energy Protect 84.63%
GROUP PROTECT 84.63%1 subsidiary
- VOLTAR CONSTRUCT 100%
According to the 2024 annual accounts of ECOFINANCE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 276 companies in sector 46712 we hold annual accounts for 195. 132 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
Founded08-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46712Wholesale trade
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
77340Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886180518
Also
9925:BE0886180518
Registered
27-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.