Ecofuse
ActiveSummary
Ecofuse has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €365,294 and a net result of €77,887. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+40
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.92 against 4.99 in 2024; short-term debt: 20.8% and cash: 72.4% of total assets), and 21.1% 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
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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
78.9%
Return on assets
16.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-04-2026, 8 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
8 d early
2024
28 d early
2023
6 d early
2022
27 d early
2021
5 d early
2020
2 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 13 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 22 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€365,294▲ 27.1%
2024 · €287,407
Total assets
€463,025▲ 34.4%
2024 · €344,603
Net result
€77,887
2024 · -€80,913
Working capital
€281,280▲ 26.1%
2024 · €223,105
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result€162,749▼ 20.1%€76,507▼ 53.0%-€43,798-€80,543▼ 83.9%€76,869
Net result€139,044above the sector's middle half▼ 12.8%€65,146above the sector's middle half▼ 53.1%-€45,328below the sector's middle half-€80,913below the sector's middle half▼ 78.5%€77,887above the sector's middle half
Equity€348,502above the sector's middle half▲ 66.4%€413,648above the sector's middle half▲ 18.7%€368,320above the sector's middle half▼ 11.0%€287,407above the sector's middle half▼ 22.0%€365,294above the sector's middle half▲ 27.1%
Total assets€547,989above the sector's middle half▲ 10.7%€537,576above the sector's middle half▼ 1.9%€483,591within the sector's middle half▼ 10.0%€344,603within the sector's middle half▼ 28.7%€463,025within the sector's middle half▲ 34.4%
Debt€199,487▼ 30.2%€123,928▼ 37.9%€115,270▼ 7.0%€57,196▼ 50.4%€97,731▲ 70.9%
Working capital€137,346above the sector's middle half▼ 35.9%€188,150above the sector's middle half▲ 37.0%€241,313above the sector's middle half▲ 28.3%€223,105above the sector's middle half▼ 7.5%€281,280above the sector's middle half▲ 26.1%
Solvency63.6%within the sector's middle half▲ 21.3pp76.9%within the sector's middle half▲ 13.4pp76.2%within the sector's middle half▼ 0.8pp83.4%above the sector's middle half▲ 7.2pp78.9%above the sector's middle half▼ 4.5pp
Current ratio1.88within the sector's middle half▼ 0.432.53within the sector's middle half▲ 0.653.12within the sector's middle half▲ 0.584.99above the sector's middle half▲ 1.873.92within the sector's middle half▼ 1.08
Return on assets (ROA)25.4%within the sector's middle half▼ 6.8pp12.1%within the sector's middle half▼ 13.3pp-9.4%below the sector's middle half▼ 21.5pp-23.5%below the sector's middle half▼ 14.1pp16.8%within the sector's middle half▲ 40.3pp
Staff (FTE)3.6▲ 125%3.3▼ 8.3%4.2▲ 27.3%4.2=4.8▲ 14.3%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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: €76,869 after a loss of €80,543 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €463,025
Fixed assets
€85,332 ▲ 30.0%
Current assets
€377,693 ▲ 35.4%
Equity and liabilities €463,025
Equity
€365,294 ▲ 27.1%
Debt
€97,731 ▲ 70.9%
Debt's share of the balance-sheet total rises from 16.6% to 21.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€125,633▲
2024 · €12,751
Cash flow
€126,651▲
2024 · €12,380
Debt to equity
0.27▲
2024 · 0.20
ROE
21.3%▲
2024 · -28.2%
Interest coverage
2316.24▲
2024 · 34.45
Debt ≤ 1 year
€96,414▲
2024 · €55,880
Staff costs
€210,395▲
2024 · €146,142
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,250 | - | - | - |
| Remuneration, social security and pensions62 | €120,519 | €115,683 | €149,777 | €146,142 | €210,395 | ▲ 44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78,742 | €131,076 | €133,718 | €93,293 | €48,764 | ▼ 47.7% |
| Other operating charges640/8 | €468 | €469 | €648 | €825 | €1,290 | ▲ 56.4% |
| Gross operating margin9900 | €362,477 | €323,735 | €240,345 | €159,718 | €337,318 | ▲ 111% |
| Operating profit (loss)9901 | €162,749 | €76,507 | -€43,798 | -€80,543 | €76,869 | ▲ 195% |
| Financial income75/76B | €4 | €1 | - | - | €1,073 | - |
| Recurring financial income75 | €4 | €1 | - | - | €1,073 | - |
| Financial charges65/66B | €919 | €442 | €77 | €370 | €54 | ▼ 85.3% |
| Recurring financial charges65 | €919 | €442 | €77 | €370 | €54 | ▼ 85.3% |
| Profit (loss) for the period before taxes9903 | €161,834 | €76,065 | -€43,875 | -€80,913 | €77,887 | ▲ 196% |
| Income taxes67/77 | €22,790 | €10,919 | €1,453 | - | - | - |
| Profit (loss) for the period9904 | €139,044 | €65,146 | -€45,328 | -€80,913 | €77,887 | ▲ 196% |
| Profit (loss) for the period to be appropriated9905 | €139,044 | €65,146 | -€45,328 | -€80,913 | €77,887 | ▲ 196% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €547,989 | €537,576 | €483,591 | €344,603 | €463,025 | ▲ 34.4% |
| Fixed assets21/28 | €255,200 | €226,811 | €128,322 | €65,618 | €85,332 | ▲ 30.0% |
| Intangible fixed assets21 | €243,167 | €216,723 | €120,179 | €59,420 | €38,206 | ▼ 35.7% |
| Tangible fixed assets22/27 | €12,033 | €10,088 | €8,143 | €6,198 | €47,125 | ▲ 660% |
| Plant, machinery and equipment23 | €2,610 | €1,871 | €1,132 | €393 | - | - |
| Furniture and vehicles24 | - | - | - | - | €23,516 | - |
| Other tangible fixed assets26 | €9,423 | €8,217 | €7,011 | €5,805 | €23,610 | ▲ 307% |
| Current assets29/58 | €292,789 | €310,765 | €355,269 | €278,985 | €377,693 | ▲ 35.4% |
| Stocks and contracts in progress3 | - | - | €11,359 | - | - | - |
| Stocks30/36 | - | - | €11,359 | - | - | - |
| Amounts receivable within one year40/41 | €115,526 | €65,172 | €266,577 | €242,000 | €41,954 | ▼ 82.7% |
| Trade receivables40 | €80,526 | €41,091 | €266,558 | €242,000 | €41,425 | ▼ 82.9% |
| Other amounts receivable41 | €35,000 | €24,081 | €19 | - | €529 | - |
| Current investments50/53 | - | - | - | €36,919 | - | - |
| Cash at bank and in hand54/58 | €167,394 | €245,593 | €64,633 | - | €335,436 | - |
| Deferred charges and accrued income490/1 | €9,869 | - | €12,700 | €66 | €304 | ▲ 361% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €547,989 | €537,576 | €483,591 | €344,603 | €463,025 | ▲ 34.4% |
| Equity10/15 | €348,502 | €413,648 | €368,320 | €287,407 | €365,294 | ▲ 27.1% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | €298,502 | €363,648 | €318,320 | €237,407 | €315,294 | ▲ 32.8% |
| Amounts payable17/49 | €199,487 | €123,928 | €115,270 | €57,196 | €97,731 | ▲ 70.9% |
| Amounts payable after more than one year17 | €42,987 | - | - | - | - | - |
| Financial debts170/4 | €42,987 | - | - | - | - | - |
| Amounts payable within one year42/48 | €155,443 | €122,615 | €113,956 | €55,880 | €96,414 | ▲ 72.5% |
| Current portion of amounts payable after more than one year42 | €53,642 | €17,985 | - | - | - | - |
| Trade debts44 | €27,555 | €34,020 | €28,960 | €13,712 | €26,377 | ▲ 92.4% |
| Suppliers440/4 | €27,555 | €34,020 | €28,960 | €13,712 | €26,377 | ▲ 92.4% |
| Taxes, remuneration and social security45 | €67,269 | €62,000 | €76,326 | €39,800 | €66,711 | ▲ 67.6% |
| Taxes450/3 | €52,223 | €40,799 | €48,299 | €14,644 | €30,783 | ▲ 110% |
| Remuneration and social security454/9 | €15,046 | €21,201 | €28,028 | €25,157 | €35,928 | ▲ 42.8% |
| Other amounts payable47/48 | €6,977 | €8,610 | €8,670 | €2,367 | €3,326 | ▲ 40.5% |
| Accrued charges and deferred income492/3 | €1,057 | €1,314 | €1,314 | €1,316 | €1,317 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €139,044 | €65,146 | -€45,328 | -€80,913 | €77,887 | ▲ 196% |
| + Depreciation and write-downs630 | €78,742 | €131,076 | €133,718 | €93,293 | €48,764 | ▼ 47.7% |
| Operating cash flow (approximation) | €217,785 | €196,222 | €88,391 | €12,380 | €126,651 | ▲ 923% |
| Investment in fixed assets (approximation) | - | -€102,687 | -€35,229 | -€30,590 | -€68,477 | ▼ 124% |
| Change in cash | - | €78,199 | -€180,960 | - | - | - |
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
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €77,887
Net result €77,887 after 2 loss-making years.
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€80,913
Net result drops to -€80,913, the lowest in the series; recovery starts the following year.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Niklaas · 1 establishment unit since 2019
Ground area
8,157 m²
Building footprint
2,077 m²
Volume, LiDAR
14,534 m³
Parcel 46442C0428/00G000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ecofuse
since 20192.292.368.732
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46442C0428/00G000 | Flanders | 8,157 m² | 1 · 2,077 m² | 8.0 m · 2 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.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,623. 36,966 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
Founded26-07-2019
Fiscal year end30-09
Activities, NACEBEL 2025
47120Other non-specialised retail sale
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0731618144
Registered
17-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.