ECOGY
ActiveSummary
ECOGY has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,369 and a net result of €13,877. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▲+20
Solvency44▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.97 in 2024; short-term debt: 42.6% and cash: 0.2% of total assets), and 81.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
18.8%
Return on assets
3.6%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €72,369
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 28-07-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
31 d late
2023
31 d late
2022
on the day
2021
25 d late
2020
93 d early
2019
259 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 36 days after 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 25 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€72,369▲ 23.7%
2024 · €58,491
Total assets
€384,866▲ 1.4%
2024 · €379,648
Net result
€13,877
2024 · -€546
Working capital
-€21,431▼ 545%
2024 · -€3,321
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
Line20212022202320242025
Operating result€81,571▲ 483%€90,786▲ 11.3%-€4,756€16,979€33,456▲ 97.0%
Net result€69,230within the sector's middle half▲ 1,343%€54,775within the sector's middle half▼ 20.9%-€16,264below the sector's middle half-€546within the sector's middle half▲ 96.6%€13,877within the sector's middle half
Equity€20,527below the sector's middle half€75,302below the sector's middle half▲ 267%€59,038below the sector's middle half▼ 21.6%€58,491within the sector's middle half▼ 0.9%€72,369within the sector's middle half▲ 23.7%
Total assets€279,574below the sector's middle half▲ 0.7%€313,449below the sector's middle half▲ 12.1%€420,486below the sector's middle half▲ 34.1%€379,648within the sector's middle half▼ 9.7%€384,866within the sector's middle half▲ 1.4%
Debt€259,047▼ 20.6%€238,147▼ 8.1%€361,448▲ 51.8%€321,157▼ 11.1%€312,497▼ 2.7%
Working capital-€5,433below the sector's middle half▲ 94.7%€28,930below the sector's middle half€88,252within the sector's middle half▲ 205%-€3,321within the sector's middle half-€21,431below the sector's middle half▼ 545%
Solvency7.3%below the sector's middle half▲ 24.9pp24.0%within the sector's middle half▲ 16.7pp14.0%below the sector's middle half▼ 10.0pp15.4%within the sector's middle half▲ 1.4pp18.8%within the sector's middle half▲ 3.4pp
Current ratio0.97below the sector's middle half▲ 0.341.13below the sector's middle half▲ 0.161.36within the sector's middle half▲ 0.220.97within the sector's middle half▼ 0.380.87below the sector's middle half▼ 0.11
Return on assets (ROA)24.8%above the sector's middle half▲ 23.0pp17.5%above the sector's middle half▼ 7.3pp-3.9%below the sector's middle half▼ 21.3pp-0.1%within the sector's middle half▲ 3.7pp3.6%within the sector's middle half▲ 3.7pp
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.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 97% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €384,866
Fixed assets
€242,276 ▼ 3.6%
Current assets
€142,590 ▲ 11.1%
Equity and liabilities €384,866
Equity
€72,369 ▲ 23.7%
Debt
€312,497 ▼ 2.7%
Debt's share of the balance-sheet total falls from 84.6% to 81.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64,649▲
2024 · €44,451
Cash flow
€45,071▲
2024 · €26,925
Quick ratio
0.78▲
2024 · 0.67
Debt to equity
4.32▼
2024 · 5.49
ROE
19.2%▲
2024 · -0.9%
Interest coverage
4.56▲
2024 · 2.71
Debt ≤ 1 year
€164,022▲
2024 · €131,667
Debt > 1 year
€142,568▼
2024 · €182,565
Income taxes
€10,070▲
2024 · €1,484
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,273 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,593 | €30,277 | €23,936 | €27,472 | €31,194 | ▲ 13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1,281 | - | - | - | - | - |
| Other operating charges640/8 | €2,325 | €2,590 | €1,996 | €40,876 | €1,158 | ▼ 97.2% |
| Gross operating margin9900 | €111,770 | €123,653 | €21,176 | €85,327 | €65,807 | ▼ 22.9% |
| Operating profit (loss)9901 | €81,571 | €90,786 | -€4,756 | €16,979 | €33,456 | ▲ 97.0% |
| Financial income75/76B | €15 | €9 | €1 | €372 | €4,683 | ▲ 1,159% |
| Recurring financial income75 | €15 | €9 | €1 | €372 | €4,683 | ▲ 1,159% |
| Financial charges65/66B | €12,355 | €6,332 | €12,060 | €16,414 | €14,191 | ▼ 13.5% |
| Recurring financial charges65 | €9,706 | €6,332 | €12,060 | €16,414 | €14,191 | ▼ 13.5% |
| Non-recurring financial charges66B | €2,649 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €69,231 | €84,463 | -€16,815 | €938 | €23,947 | ▲ 2,454% |
| Income taxes67/77 | €1 | €29,688 | -€551 | €1,484 | €10,070 | ▲ 579% |
| Profit (loss) for the period9904 | €69,230 | €54,775 | -€16,264 | -€546 | €13,877 | ▲ 2,640% |
| Profit (loss) for the period to be appropriated9905 | €69,230 | €54,775 | -€16,264 | -€546 | €13,877 | ▲ 2,640% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €279,574 | €313,449 | €420,486 | €379,648 | €384,866 | ▲ 1.4% |
| Formation expenses20 | €1,800 | €600 | - | - | - | - |
| Fixed assets21/28 | €82,270 | €67,354 | €84,324 | €251,302 | €242,276 | ▼ 3.6% |
| Intangible fixed assets21 | €29,665 | €17,307 | €8,685 | €3,798 | €122 | ▼ 96.8% |
| Tangible fixed assets22/27 | €52,605 | €50,047 | €75,639 | €92,054 | €86,704 | ▼ 5.8% |
| Plant, machinery and equipment23 | €4,466 | €7,713 | €5,551 | €3,511 | €3,363 | ▼ 4.2% |
| Furniture and vehicles24 | €32,494 | €28,617 | €58,300 | €78,683 | €75,410 | ▼ 4.2% |
| Other tangible fixed assets26 | €15,645 | €13,717 | €11,788 | €9,860 | €7,932 | ▼ 19.6% |
| Financial fixed assets28 | - | - | - | €155,450 | €155,450 | = |
| Current assets29/58 | €195,504 | €245,495 | €336,162 | €128,346 | €142,590 | ▲ 11.1% |
| Stocks and contracts in progress3 | €95,970 | €106,729 | €99,424 | €40,588 | €15,408 | ▼ 62.0% |
| Stocks30/36 | €95,970 | €106,729 | €99,424 | €40,588 | €15,408 | ▼ 62.0% |
| Amounts receivable within one year40/41 | €88,470 | €130,681 | €233,120 | €83,791 | €126,479 | ▲ 50.9% |
| Trade receivables40 | €65,148 | €103,419 | €110,163 | €29,082 | €17,872 | ▼ 38.5% |
| Other amounts receivable41 | €23,322 | €27,262 | €122,957 | €54,709 | €108,607 | ▲ 98.5% |
| Cash at bank and in hand54/58 | €10,084 | €8,085 | €3,618 | €3,968 | €704 | ▼ 82.3% |
| Deferred charges and accrued income490/1 | €980 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €279,574 | €313,449 | €420,486 | €379,648 | €384,866 | ▲ 1.4% |
| Equity10/15 | €20,527 | €75,302 | €59,038 | €58,491 | €72,369 | ▲ 23.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €1,927 | €56,702 | €40,438 | €39,891 | €53,769 | ▲ 34.8% |
| Amounts payable17/49 | €259,047 | €238,147 | €361,448 | €321,157 | €312,497 | ▼ 2.7% |
| Amounts payable after more than one year17 | €58,110 | €21,101 | €113,538 | €182,565 | €142,568 | ▼ 21.9% |
| Financial debts170/4 | €58,110 | €21,101 | €113,538 | €182,565 | €142,568 | ▼ 21.9% |
| Amounts payable within one year42/48 | €200,937 | €216,565 | €247,910 | €131,667 | €164,022 | ▲ 24.6% |
| Current portion of amounts payable after more than one year42 | €37,602 | €37,009 | €43,869 | €57,427 | €55,635 | ▼ 3.1% |
| Financial debts43 | €30,372 | €30,625 | €50,000 | - | €4,596 | - |
| Credit institutions430/8 | €30,372 | €30,625 | €50,000 | - | €4,596 | - |
| Trade debts44 | €85,087 | €51,305 | €94,006 | €24,547 | €43,131 | ▲ 75.7% |
| Suppliers440/4 | €85,087 | €51,305 | €79,921 | €24,547 | €43,131 | ▲ 75.7% |
| Bills of exchange payable441 | - | - | €14,085 | - | - | - |
| Taxes, remuneration and social security45 | - | €32,909 | €32,748 | €2,119 | €17,523 | ▲ 727% |
| Taxes450/3 | - | €32,909 | €32,748 | €2,119 | €17,523 | ▲ 727% |
| Other amounts payable47/48 | €47,876 | €64,717 | €27,287 | €47,574 | €43,136 | ▼ 9.3% |
| Accrued charges and deferred income492/3 | - | €481 | - | €6,924 | €5,908 | ▼ 14.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,230 | €54,775 | -€16,264 | -€546 | €13,877 | ▲ 2,640% |
| + Depreciation and write-downs630 | €26,593 | €30,277 | €23,936 | €27,472 | €31,194 | ▲ 13.5% |
| Operating cash flow (approximation) | €95,823 | €85,052 | €7,672 | €26,925 | €45,071 | ▲ 67.4% |
| Investment in fixed assets (approximation) | - | -€15,361 | -€40,906 | -€194,449 | -€22,167 | ▲ 88.6% |
| Change in cash | - | -€1,999 | -€4,467 | €350 | -€3,264 | ▼ 1,033% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €13,877
Net result €13,877 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Highest result since 2019net €69,230 ▲1,343%
Net result €69,230, the highest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 259 days late
2020
31-12
Financial
Back to profitnet €4,797
Net result €4,797 after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Riemst · 1 establishment unit since 2018
Ground area
1,295 m²
Building footprint
197 m²
Volume, LiDAR
821 m³
Parcel 73095C0326/00L000, Flanders · tallest building 9.1 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ECOGY SALES
since 20182.277.921.175
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73095C0326/00L000 | Flanders | 1,295 m² | 1 · 196 m² | 9.1 m · 1 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 473 companies in sector 46842 we hold annual accounts for 347. 192 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
Founded05-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46842Wholesale trade
46836Wholesale trade
47527Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699632987
Also
9925:BE0699632987
Registered
18-09-2026
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.