ECOGEST
ActiveSummary
ECOGEST has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €521k and a net result of €56k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 59% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-1
Solvency87▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 3.32 against 5.53 in 2024; short-term debt: 10.1% and cash: 1.4% of total assets), and 38.1% of the assets are financed with debt.
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Signals
Six 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 →
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
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
61.9%
Return on assets
6.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
14 d late
2023
26 d late
2022
1 d late
2021
22 d late
2020
26 d late
2019
14 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€521k▲ 0.7%
2024 · €518k
Total assets
€843k▲ 2.8%
2024 · €820k
Net result
€56k▼ 2.2%
2024 · €58k
Working capital
€198k▼ 12.9%
2024 · €227k
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
Line20212022202320242025
Operating result€92k▲ 19.4%€87k▼ 5.2%€87k▼ 0.3%€87k▲ 0.2%€82k▼ 5.5%
Net result€58k▲ 22.4%€58k▲ 0.1%€57k▼ 1.4%€58k▲ 0.7%€56k▼ 2.2%
Equity€507k▲ 12.9%€490k▼ 3.3%€547k▲ 11.7%€518k▼ 5.4%€521k▲ 0.7%
Total assets€812k▼ 0.4%€799k▼ 1.6%€819k▲ 2.5%€820k▲ 0.2%€843k▲ 2.8%
Debt€305k▼ 16.8%€309k▲ 1.2%€271k▼ 12.1%€302k▲ 11.4%€321k▲ 6.4%
Working capital€177k▲ 0.3%€148k▼ 16.8%€209k▲ 42.0%€227k▲ 8.3%€198k▼ 12.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €843k
Fixed assets
€560k ▲ 3.1%
Current assets
€283k ▲ 2.1%
Equity and liabilities €843k
Equity
€521k ▲ 0.7%
Debt
€321k ▲ 6.4%
Debt's share of the balance-sheet total rises from 36.8% to 38.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€129k▲
2024 · €124k
Cash flow
€103k▲
2024 · €95k
Current ratio
3.32▼
2024 · 5.53
Debt to equity
0.62▲
2024 · 0.58
ROE
10.8%▼
2024 · 11.1%
ROA
6.7%▼
2024 · 7.0%
Interest coverage
23.19▲
2024 · 22.04
Debt ≤ 1 year
€85k▲
2024 · €50k
Debt > 1 year
€164k▲
2024 · €155k
Income taxes
€27k▼
2024 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €31k | €38k | €37k | €47k | ▲ 27.2% |
| Other operating charges640/8 | €8k | €7k | €7k | €8k | €10k | ▲ 24.7% |
| Gross operating margin9900 | €128k | €126k | €132k | €132k | €139k | ▲ 5.5% |
| Operating profit (loss)9901 | €92k | €87k | €87k | €87k | €82k | ▼ 5.5% |
| Financial income75/76B | €459 | €3k | €2k | €5k | €6k | ▲ 24.3% |
| Recurring financial income75 | €459 | €3k | €2k | €5k | €6k | ▲ 24.3% |
| Financial charges65/66B | €6k | €5k | €5k | €6k | €6k | ▼ 0.9% |
| Recurring financial charges65 | €6k | €5k | €5k | €6k | €6k | ▼ 0.9% |
| Profit (loss) for the period before taxes9903 | €86k | €85k | €84k | €87k | €83k | ▼ 4.1% |
| Income taxes67/77 | €28k | €27k | €27k | €29k | €27k | ▼ 7.7% |
| Profit (loss) for the period9904 | €58k | €58k | €57k | €58k | €56k | ▼ 2.2% |
| Profit (loss) for the period to be appropriated9905 | €58k | €58k | €57k | €58k | €56k | ▼ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €812k | €799k | €819k | €820k | €843k | ▲ 2.8% |
| Fixed assets21/28 | €602k | €611k | €573k | €543k | €560k | ▲ 3.1% |
| Tangible fixed assets22/27 | €602k | €611k | €573k | €543k | €560k | ▲ 3.1% |
| Land and buildings22 | €593k | €566k | €539k | €519k | €492k | ▼ 5.1% |
| Plant, machinery and equipment23 | €2k | €1k | €1k | €923 | €927 | ▲ 0.4% |
| Furniture and vehicles24 | €7k | €43k | €32k | €23k | €15k | ▼ 33.5% |
| Leasing and similar rights25 | - | - | - | - | €51k | - |
| Current assets29/58 | €210k | €188k | €245k | €277k | €283k | ▲ 2.1% |
| Amounts receivable within one year40/41 | €35k | - | €78k | €136k | €133k | ▼ 2.6% |
| Trade receivables40 | €35k | - | - | €42k | €43k | ▲ 3.2% |
| Other amounts receivable41 | - | - | €78k | €94k | €90k | ▼ 5.1% |
| Current investments50/53 | €160k | €123k | €119k | €127k | €131k | ▲ 2.9% |
| Cash at bank and in hand54/58 | €12k | €63k | €45k | €9k | €12k | ▲ 39.3% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | €5k | €8k | ▲ 44.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €812k | €799k | €819k | €820k | €843k | ▲ 2.8% |
| Equity10/15 | €507k | €490k | €547k | €518k | €521k | ▲ 0.7% |
| Contributions10/11 | €24k | €24k | €7k | €24k | €24k | = |
| Capital10 | €24k | €24k | €7k | €7k | €7k | = |
| Issued capital100 | €24k | €24k | €7k | €7k | €7k | = |
| Outside capital11 | - | - | - | €17k | €17k | = |
| Other1109/19 | - | - | - | €17k | €17k | = |
| Reserves13 | €437k | €420k | €494k | €448k | €451k | ▲ 0.8% |
| Non-distributable reserves130/1 | €117k | €117k | €47k | €47k | €47k | = |
| Legal reserve130 | €70k | €70k | - | - | - | - |
| Reserves not available under the articles1311 | €47k | €47k | €47k | €47k | €47k | = |
| Distributable reserves133 | €320k | €303k | €447k | €400k | €404k | ▲ 0.8% |
| Profit (loss) carried forward14 | €46k | €46k | €46k | €46k | €46k | = |
| Amounts payable17/49 | €305k | €309k | €271k | €302k | €321k | ▲ 6.4% |
| Amounts payable after more than one year17 | €195k | €218k | €179k | €155k | €164k | ▲ 5.8% |
| Financial debts170/4 | €192k | €203k | €179k | €155k | €164k | ▲ 5.8% |
| Other amounts payable178/9 | €3k | €15k | - | - | - | - |
| Amounts payable within one year42/48 | €33k | €41k | €36k | €50k | €85k | ▲ 70.1% |
| Current portion of amounts payable after more than one year42 | €15k | €23k | €24k | €24k | €45k | ▲ 84.8% |
| Financial debts43 | €4 | €13 | €13 | €13 | - | - |
| Credit institutions430/8 | €4 | €13 | €13 | €13 | - | - |
| Trade debts44 | €3k | €4k | €2k | €5k | €19k | ▲ 259% |
| Suppliers440/4 | €3k | €4k | €2k | €5k | €19k | ▲ 259% |
| Taxes, remuneration and social security45 | €15k | €14k | €10k | €20k | €21k | ▲ 2.4% |
| Taxes450/3 | €15k | €14k | €10k | €20k | €21k | ▲ 2.4% |
| Accrued charges and deferred income492/3 | €77k | €49k | €56k | €97k | €72k | ▼ 25.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58k | €58k | €57k | €58k | €56k | ▼ 2.2% |
| + Depreciation and write-downs630 | €28k | €31k | €38k | €37k | €47k | ▲ 27.2% |
| Operating cash flow (approximation) | €86k | €89k | €95k | €95k | €103k | ▲ 9.3% |
| Investment in fixed assets (approximation) | - | €-40k | €-760 | €-7k | €-64k | ▼ 849% |
| Change in cash | - | €51k | €-18k | €-36k | €3k | ▲ 109% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Equity above €500kEq €547k ▲11.7%
6 profitable years in a row build equity to €547k.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Highest result since 2018net €58k ▲0.1%
Net result €58k, the highest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Equity above €500kEq €507k ▲12.9%
4 profitable years in a row build equity to €507k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-12
Financial
Liquidity times 14current ratio 8.18
Current ratio from 0.59 to 8.18; short-term debt falls from €279k to €24k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Dalhem · 2 establishment units since 1986
Ground area
2,680 m²
Building footprint
358 m²
Volume, LiDAR
2,379 m³
2 parcels, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Bois de Mauhin(NEU) 9, 4608 Dalhem
since 19862.035.917.261
Voie de Messe 45, 4680 Oupeye
since 20092.183.670.334
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63055B0424/00G000 | Wallonia | 1,554 m² | 1 · 228 m² | 11.4 m · 3 fl. |
| 62050B0120/00E000 | Wallonia | 1,126 m² | 1 · 130 m² | 8.3 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600O701O08NI6M796
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 34,306 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
Founded04-07-1986
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46120Wholesale trade
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
73200Market research and public opinion polling
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.