ECOGREEN
ActiveFinancials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 2 November 2026.
Annual accounts 2023 filed on 13-09-2024 PDF all 7 filings
Turnover
≈ €200,000
Estimated: probably between €160,000 and €250,000
Total assets
€114,147▲ 8.6%
2022 · €105,124
Net result
-€2,020
2022 · €14,996
Working capital
-€16,740▼ 90.6%
2022 · -€8,784
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is a loss of €674, after a profit of €17,401 in 2022.
Operating result-€674
2023
Net result-€2,020
2023
Total assets€114,147
2023
Equity€9,918
2023
Debt€104,229
2023
Working capital-€16,740
2023
Return on assets (ROA)-1.8%
2023
Solvency8.7%
2023
Current ratio0.84
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€46,475--€9,909▲ 78.7%€16,443€23,936▲ 45.6%€17,401▼ 27.3%-€674
Net result-€48,486--€12,552▲ 74.1%€14,112within the sector's middle half€21,525within the sector's middle half▲ 52.5%€14,996within the sector's middle half▼ 30.3%-€2,020within the sector's middle half
Equity-€26,144--€38,696▼ 48.0%-€24,583below the sector's middle half▲ 36.5%-€3,058below the sector's middle half▲ 87.6%€11,938within the sector's middle half€9,918within the sector's middle half▼ 16.9%
Total assets€60,254-€41,202▼ 31.6%€55,323within the sector's middle half▲ 34.3%€71,750within the sector's middle half▲ 29.7%€105,124within the sector's middle half▲ 46.5%€114,147within the sector's middle half▲ 8.6%
Debt€86,398-€79,898▼ 7.5%€79,906=€74,808▼ 6.4%€93,187▲ 24.6%€104,229▲ 11.8%
Working capital-€40,513--€52,696▼ 30.1%-€38,868below the sector's middle half▲ 26.2%-€17,343below the sector's middle half▲ 55.4%-€8,784within the sector's middle half▲ 49.4%-€16,740below the sector's middle half▼ 90.6%
Solvency-43.4%--93.9%▼ 50.5pp-44.4%below the sector's middle half▲ 49.5pp-4.3%below the sector's middle half▲ 40.2pp11.4%below the sector's middle half▲ 15.6pp8.7%below the sector's middle half▼ 2.7pp
Current ratio0.53-0.34▼ 0.190.51below the sector's middle half▲ 0.170.77below the sector's middle half▲ 0.250.90within the sector's middle half▲ 0.130.84within the sector's middle half▼ 0.06
Return on assets (ROA)-80.5%--30.5%▲ 50.0pp25.5%above the sector's middle half▲ 56.0pp30.0%above the sector's middle half▲ 4.5pp14.3%within the sector's middle half▼ 15.7pp-1.8%within the sector's middle half▼ 16.0pp
Staff (FTE)1.4-
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €114,147
Fixed assets
€27,816 ▲ 5.2%
Current assets
€86,331 ▲ 9.7%
Equity and liabilities €114,147
Equity
€9,918 ▼ 16.9%
Debt
€104,229 ▲ 11.8%
Debt's share of the balance-sheet total rises from 88.6% to 91.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2,295▼
2022 · €21,984
Cash flow
€949▼
2022 · €19,579
Debt to equity
10.51▲
2022 · 7.81
ROE
-20.4%▼
2022 · 125.6%
Interest coverage
1.89▼
2022 · 9.84
Debt ≤ 1 year
€103,071▲
2022 · €87,456
Debt > 1 year
€1,158▼
2022 · €5,730
Income taxes
€145▼
2022 · €172
Staff costs
€55,216▼
2022 · €79,235
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €13,750 | €30,779 |
| Financial fixed assets | - | €3,000 | €750 |
| Depreciation and write-downs of the year | - | €4,583 | €2,969 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €26,000 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €50,095 | €79,235 | €55,216 | ▼ 30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €277 | €369 | - | - | €4,583 | €2,969 | ▼ 35.2% |
| Other operating charges640/8 | - | - | - | €2,957 | €2,197 | €1,788 | ▼ 18.6% |
| Gross operating margin9900 | €28,820 | €51,165 | €79,701 | €76,989 | €103,416 | €59,299 | ▼ 42.7% |
| Operating profit (loss)9901 | -€46,475 | -€9,909 | €16,443 | €23,936 | €17,401 | -€674 | - |
| Financial income75/76B | - | - | - | €30 | €1 | €13 | ▲ 21× |
| Recurring financial income75 | €1 | €50 | - | €30 | €1 | €13 | ▲ 21× |
| Financial charges65/66B | - | - | - | €2,317 | €2,235 | €1,214 | ▼ 45.7% |
| Recurring financial charges65 | €1,797 | €2,492 | €2,128 | €2,317 | €2,235 | €1,214 | ▼ 45.7% |
| Profit (loss) for the period before taxes9903 | -€48,272 | -€12,351 | €14,314 | €21,650 | €15,167 | -€1,875 | - |
| Income taxes67/77 | €215 | €201 | €202 | €124 | €172 | €145 | ▼ 15.6% |
| Profit (loss) for the period9904 | -€48,486 | -€12,552 | €14,112 | €21,525 | €14,996 | -€2,020 | - |
| Profit (loss) for the period to be appropriated9905 | -€48,486 | -€12,552 | €14,112 | €21,525 | €14,996 | -€2,020 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €60,254 | €41,202 | €55,323 | €71,750 | €105,124 | €114,147 | ▲ 8.6% |
| Fixed assets21/28 | €14,369 | €14,000 | €14,285 | €14,285 | €26,452 | €27,816 | ▲ 5.2% |
| Intangible fixed assets21 | €122 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €248 | - | - | - | €9,167 | €9,781 | ▲ 6.7% |
| Furniture and vehicles24 | - | - | - | - | €9,167 | €9,781 | ▲ 6.7% |
| Financial fixed assets28 | €14,000 | €14,000 | €14,285 | €14,285 | €17,285 | €18,035 | ▲ 4.3% |
| Current assets29/58 | €45,885 | €27,202 | €41,038 | €57,465 | €78,672 | €86,331 | ▲ 9.7% |
| Amounts receivable within one year40/41 | €42,399 | €23,811 | €29,114 | €39,334 | €65,325 | €49,049 | ▼ 24.9% |
| Trade receivables40 | - | - | - | €39,334 | €65,325 | €49,049 | ▼ 24.9% |
| Cash at bank and in hand54/58 | €2,715 | €2,189 | €11,923 | €17,939 | €13,347 | €7,357 | ▼ 44.9% |
| Deferred charges and accrued income490/1 | - | - | - | €192 | - | €29,925 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €60,254 | €41,202 | €55,323 | €71,750 | €105,124 | €114,147 | ▲ 8.6% |
| Equity10/15 | -€26,144 | -€38,696 | -€24,583 | -€3,058 | €11,938 | €9,918 | ▼ 16.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €187 | €187 | €187 | €187 | €187 | €187 | = |
| Non-distributable reserves130/1 | - | - | - | €187 | €187 | €187 | = |
| Reserves not available under the articles1311 | - | - | - | €187 | €187 | €187 | = |
| Profit (loss) carried forward14 | -€44,931 | -€57,483 | -€43,370 | -€21,845 | -€6,849 | -€8,869 | ▼ 29.5% |
| Amounts payable17/49 | €86,398 | €79,898 | €79,906 | €74,808 | €93,187 | €104,229 | ▲ 11.8% |
| Amounts payable after more than one year17 | - | - | - | - | €5,730 | €1,158 | ▼ 79.8% |
| Financial debts170/4 | - | - | - | - | €5,730 | €1,158 | ▼ 79.8% |
| Amounts payable within one year42/48 | €86,398 | €79,898 | €79,906 | €74,808 | €87,456 | €103,071 | ▲ 17.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €4,572 | - |
| Financial debts43 | - | - | - | €4,786 | €5,460 | €388 | ▼ 92.9% |
| Credit institutions430/8 | - | - | - | €4,786 | €5,460 | €388 | ▼ 92.9% |
| Trade debts44 | €11,405 | €2,877 | €4,250 | €2,889 | €12,821 | €26,714 | ▲ 108% |
| Suppliers440/4 | - | - | - | €2,889 | €12,821 | €26,714 | ▲ 108% |
| Taxes, remuneration and social security45 | - | - | - | €13,440 | €24,599 | €7,287 | ▼ 70.4% |
| Taxes450/3 | - | - | - | €8,778 | €12,067 | €1,855 | ▼ 84.6% |
| Remuneration and social security454/9 | - | - | - | €4,662 | €12,532 | €5,432 | ▼ 56.7% |
| Other amounts payable47/48 | - | - | - | €53,692 | €44,576 | €64,110 | ▲ 43.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€48,486 | -€12,552 | €14,112 | €21,525 | €14,996 | -€2,020 | - |
| + Depreciation and write-downs630 | €277 | €369 | - | - | €4,583 | €2,969 | ▼ 35.2% |
| Operating cash flow (approximation) | -€48,210 | -€12,182 | €14,112 | €21,525 | €19,579 | €949 | ▼ 95.2% |
| Investment in fixed assets (approximation) | - | €0 | -€285 | €0 | -€16,750 | -€4,333 | ▲ 74.1% |
| Change in cash | - | -€527 | €9,735 | €6,015 | -€4,592 | -€5,990 | ▼ 30.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 13-09-2024 | 2024-00460676 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00415355 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20403370 | |
| 31-12-2020 | micro format | 13-07-2021 | 2021-35500047 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-38500285 | |
| 31-12-2018 | micro format | 29-07-2019 | 2019-41900218 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-50000210 |