ECOGREEN SOFT
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 12 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€270,810▼ 5.8%
2024 · -€255,890
Working capital
-€1.1m▼ 44.6%
2024 · -€728,143
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€260,371
▼ 4.7%
2025
20182025
Net result
-€270,810
▼ 5.8%
2025
lowest quarter of the sector
20182025
Equity
-€672,310
▼ 67.4%
2025
lowest quarter of the sector
20182025
Total assets
€444,364
▲ 17.7%
2025
middle half of the sector
20182025
Debt
€1.1m
▲ 43.3%
2025
20182025
Working capital
-€1.1m
▼ 44.6%
2025
lowest quarter of the sector
20182025
Solvency
-151.3%
▼ 44.9pp
2025
lowest quarter of the sector
20182025
Current ratio
0.04
▼ 0.02
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-60.9%
▲ 6.8pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
1
=
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.004m-€0.003m▼ 24.9%€0.002m▼ 19.9%€0.003m▲ 25.6%-€0.06m-€0.1m▼ 96.8%-€0.2m▼ 121%-€0.3m▼ 4.7%
Net result€471-€0.001m▲ 13.4%€315within the sector's middle half▼ 41.0%€435below the sector's middle half▲ 38.1%-€0.06mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 99.2%-€0.3mbelow the sector's middle half▼ 121%-€0.3mbelow the sector's middle half▼ 5.8%
Equity€0.03m-€0.03m▲ 2.0%€0.03mbelow the sector's middle half▲ 1.1%€0.03mbelow the sector's middle half▲ 1.6%-€0.03mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 389%-€0.4mbelow the sector's middle half▼ 176%-€0.7mbelow the sector's middle half▼ 67.4%
Total assets€0.06m-€0.05m▼ 23.6%€0.05mbelow the sector's middle half▼ 5.1%€0.05mbelow the sector's middle half▼ 2.2%€0.1mbelow the sector's middle half▲ 129%€0.3mwithin the sector's middle half▲ 149%€0.4mwithin the sector's middle half▲ 47.1%€0.4mwithin the sector's middle half▲ 17.7%
Debt€0.04m-€0.02m▼ 42.6%€0.02m▼ 13.4%€0.02m▼ 8.0%€0.1m▲ 697%€0.4m▲ 202%€0.8m▲ 93.7%€1.1m▲ 43.3%
Working capital€0.01m-€0.02m▲ 13.2%€0.02mwithin the sector's middle half▲ 31.5%€0.03mwithin the sector's middle half▲ 23.0%-€0.1mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 202%-€0.7mbelow the sector's middle half▼ 110%-€1.1mbelow the sector's middle half▼ 44.6%
Solvency42.6%-56.8%▲ 14.3pp60.6%within the sector's middle half▲ 3.8pp62.9%within the sector's middle half▲ 2.3pp-28.9%below the sector's middle half▼ 91.8pp-56.7%below the sector's middle half▼ 27.9pp-106.4%below the sector's middle half▼ 49.6pp-151.3%below the sector's middle half▼ 44.9pp
Current ratio1.38-1.75▲ 0.372.15within the sector's middle half▲ 0.392.54within the sector's middle half▲ 0.390.11below the sector's middle half▼ 2.430.09below the sector's middle half▼ 0.010.06below the sector's middle half▼ 0.040.04below the sector's middle half▼ 0.02
Return on assets (ROA)0.7%-1.1%▲ 0.4pp0.7%within the sector's middle half▼ 0.4pp1.0%within the sector's middle half▲ 0.3pp-56.3%below the sector's middle half▼ 57.3pp-45.1%below the sector's middle half▲ 11.2pp-67.8%below the sector's middle half▼ 22.7pp-60.9%below the sector's middle half▲ 6.8pp
Staff (FTE)1-1=1below the sector's middle half=1below the sector's middle half=0.3below the sector's middle half▼ 70.0%0.5below the sector's middle half▲ 66.7%1below the sector's middle half▲ 100%1within the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 operating result for 2025 is a loss of €260,371, larger than the loss of €248,645 in 2024. It is the lowest result since 2018.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €444,364
Fixed assets
€404,487 ▲ 21.8%
Current assets
€39,877 ▼ 12.4%
Equity and liabilities
Equity-€672,310
Debt€1.1m
Equity is negative. Debt (€1.1m) exceeds the balance-sheet total (€444,364).
Key figures and ratios
EBITDA
-€188,381▲
2024 · -€206,000
Cash flow
-€198,820▲
2024 · -€213,245
Interest coverage
-18.37▲
2024 · -29.25
Debt ≤ 1 year
€1.1m▲
2024 · €773,669
Income taxes
€186▼
2024 · €203
Staff costs
€79,786▼
2024 · €91,896
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | - | 1 | 1 | 1 |
| full-time | 1 | - | 1 | 1 | 1 |
| in full-time equivalents | 1 | - | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 0.3 | 0.5 | 1 | 1 |
| On a permanent contract | 1 | - | 1 | 1 | 1 |
| Joined | - | 0 | 1 | - | - |
| Left | - | 1 | 0 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,024 | €1,155 | - |
| Intangible fixed assets | - | €92,292 | €146,404 | €152,806 | €144,500 |
| Depreciation and write-downs of the year | €4,227 | €6,278 | €17,012 | €42,645 | €71,990 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €56,673 | €4,572 | €27,073 | €91,896 | €79,786 | ▼ 13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,383 | €4,226 | €4,596 | €4,227 | €6,278 | €17,012 | €42,645 | €71,990 | ▲ 68.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €6,820 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €510 | €510 | €385 | €387 | €1,019 | ▲ 163% |
| Gross operating margin9900 | €68,265 | €63,918 | €58,165 | €71,327 | -€45,885 | -€68,202 | -€113,717 | -€107,576 | ▲ 5.4% |
| Operating profit (loss)9901 | €4,098 | €3,077 | €2,466 | €3,097 | -€57,245 | -€112,672 | -€248,645 | -€260,371 | ▼ 4.7% |
| Recurring financial income75 | - | - | €147 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €1,212 | €848 | €3,110 | €7,042 | €10,253 | ▲ 45.6% |
| Recurring financial charges65 | €1,250 | €1,159 | €1,037 | €1,212 | €848 | €3,110 | €7,042 | €10,253 | ▲ 45.6% |
| Profit (loss) for the period before taxes9903 | €2,848 | €1,918 | €1,576 | €1,885 | -€58,093 | -€115,782 | -€255,687 | -€270,624 | ▼ 5.8% |
| Income taxes67/77 | €2,377 | €1,384 | €1,261 | €1,450 | €37 | €34 | €203 | €186 | ▼ 8.4% |
| Profit (loss) for the period9904 | €471 | €534 | €315 | €435 | -€58,130 | -€115,816 | -€255,890 | -€270,810 | ▼ 5.8% |
| Profit (loss) for the period to be appropriated9905 | €471 | €534 | €315 | €435 | -€58,130 | -€115,816 | -€255,890 | -€270,810 | ▼ 5.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.06m | €0.05m | €0.05m | €0.05m | €0.1m | €0.3m | €0.4m | €0.4m | ▲ 17.7% |
| Fixed assets21/28 | €0.01m | €0.01m | €0.007m | €0.003m | €0.09m | €0.2m | €0.3m | €0.4m | ▲ 21.8% |
| Intangible fixed assets21 | €0.002m | €0.003m | €0.002m | €0.002m | €0.09m | €0.2m | €0.3m | €0.4m | ▲ 22.3% |
| Tangible fixed assets22/27 | €0.01m | €0.009m | €0.005m | €0.002m | - | €0.002m | €0.002m | €0.001m | ▼ 57.5% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €51 | - | €0.002m | €0.002m | €0.001m | ▼ 57.5% |
| Current assets29/58 | €0.05m | €0.04m | €0.04m | €0.04m | €0.01m | €0.04m | €0.05m | €0.04m | ▼ 12.4% |
| Stocks and contracts in progress3 | €0.007m | €0.007m | €0.007m | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.04m | €0.02m | €0.01m | €0.03m | €0.009m | €0.03m | €0.04m | €0.03m | ▼ 5.9% |
| Trade receivables40 | - | - | - | €0.03m | €0.001m | €0.03m | €0.03m | €0.03m | ▼ 0.7% |
| Other amounts receivable41 | - | - | - | €0.004m | €0.009m | €0.004m | €0.009m | €0.007m | ▼ 20.9% |
| Cash at bank and in hand54/58 | €0.006m | €0.01m | €0.02m | €0.01m | €0.004m | €0.004m | €0.008m | €290 | ▼ 96.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.001m | €0.001m | €0.001m | €0.006m | ▲ 484% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.06m | €0.05m | €0.05m | €0.05m | €0.1m | €0.3m | €0.4m | €0.4m | ▲ 17.7% |
| Equity10/15 | €0.03m | €0.03m | €0.03m | €0.03m | -€0.03m | -€0.1m | -€0.4m | -€0.7m | ▼ 67.4% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.007m | €0.007m | €0.007m | €0.008m | -€0.05m | -€0.2m | -€0.4m | -€0.7m | ▼ 64.2% |
| Amounts payable17/49 | €0.04m | €0.02m | €0.02m | €0.02m | €0.1m | €0.4m | €0.8m | €1.1m | ▲ 43.3% |
| Amounts payable within one year42/48 | €0.04m | €0.02m | €0.02m | €0.02m | €0.1m | €0.4m | €0.8m | €1.1m | ▲ 41.2% |
| Trade debts44 | €0.01m | €0.001m | €0.001m | €0.001m | €0.02m | €0.04m | €0.07m | €0.07m | ▼ 2.3% |
| Suppliers440/4 | - | - | - | €0.001m | €0.02m | €0.04m | €0.07m | €0.07m | ▼ 2.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €37 | €0.008m | €0.01m | €0.02m | ▲ 5.8% |
| Taxes450/3 | - | - | - | €0.007m | €37 | €0.001m | €0.001m | €0.001m | ▲ 17.9% |
| Remuneration and social security454/9 | - | - | - | €0.008m | - | €0.007m | €0.01m | €0.01m | ▲ 4.8% |
| Other amounts payable47/48 | - | - | - | - | €0.1m | €0.3m | €0.7m | €1.0m | ▲ 46.3% |
| Accrued charges and deferred income492/3 | - | - | - | €232 | €0.004m | €0.02m | €0.005m | €0.02m | ▲ 353% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €471 | €534 | €315 | €435 | -€58,130 | -€115,816 | -€255,890 | -€270,810 | ▼ 5.8% |
| + Depreciation and write-downs630 | €8,383 | €4,226 | €4,596 | €4,227 | €6,278 | €17,012 | €42,645 | €71,990 | ▲ 68.8% |
| Operating cash flow (approximation) | €8,854 | €4,760 | €4,911 | €4,662 | -€51,852 | -€98,804 | -€213,245 | -€198,820 | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | -€2,819 | €0 | €0 | -€92,292 | -€148,428 | -€153,961 | -€144,500 | ▲ 6.1% |
| Change in cash | - | €4,314 | €7,511 | -€7,134 | -€6,426 | €96 | €4,450 | -€8,078 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as ECOGREEN SOFT has now. Two years later, 85.5% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
85.5%
was still going
8.1%
stopped otherwise
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ECOGREEN SOFT itself: 3.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for ECOGREEN SOFT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00225462 | |
| 31-12-2024 | full format | 11-07-2025 | 2025-00260728 | |
| 31-12-2023 | full format | 05-07-2024 | 2024-00213929 | |
| 31-12-2022 | full format | 29-06-2023 | 2023-00174706 | |
| 31-12-2021 | full format | 29-06-2022 | 2022-20122650 | |
| 31-12-2020 | full format | 25-06-2021 | 2021-24600448 | |
| 31-12-2019 | full format | 25-06-2020 | 2020-20600192 | |
| 31-12-2018 | full format | 07-06-2019 | 2019-16800009 | |
| 31-12-2017 | full format | 14-06-2018 | 2018-18700566 | |
| 31-12-2016 | full format | 26-06-2017 | 2017-21700055 |