ECOJET
ActiveSummary
The computed 12-month bankruptcy probability of ECOJET is 2.8% (moderate). The 2024 annual accounts show negative equity (€-240k) and a net result of €-101k. Equity is shrinking by ~43.7% per year across the filed fiscal years. Its solvency ranks better than 6% of 517 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability11▼-49
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.42 in 2023; short-term debt: 95.5% and cash: 4.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-65.2%
Return on assets
-27.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-240k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
1 d early
2022
20 d early
2021
30 d early
2020
174 d late
2019
66 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-101k▼ 806%
2023 · €-11k
Working capital
€-222k▼ 13.0%
2023 · €-196k
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
Line20202021202220232024
Operating result€798▼ 95.2%€-203k€3k€11k▲ 260%€-79k
Net result€-8k€-207k▼ 2,389%€3k€-11k€-101k▼ 806%
Equity€76k▼ 9.8%€-131k€-127k▲ 2.4%€-139k▼ 8.8%€-240k▼ 73.2%
Total assets€656k▼ 7.3%€614k▼ 6.4%€567k▼ 7.7%€491k▼ 13.3%€368k▼ 25.0%
Debt€580k▼ 7.0%€745k▲ 28.4%€694k▼ 6.7%€630k▼ 9.3%€608k▼ 3.4%
Working capital€53k€-204k€-233k▼ 14.3%€-196k▲ 15.7%€-222k▼ 13.0%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €79k after €11k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €368k
Fixed assets
€238k ▼ 31.6%
Current assets
€130k ▼ 9.1%
Key figures and ratios
EBITDA
€31k▼
2023 · €116k
Cash flow
€9k▼
2023 · €94k
Solvency
-65.2%▼
2023 · -28.2%
Current ratio
0.37▼
2023 · 0.42
Debt to equity
-2.53▲
2023 · -4.54
ROA
-27.5%▼
2023 · -2.3%
Interest coverage
1.37▼
2023 · 5.30
Debt ≤ 1 year
€352k▲
2023 · €339k
Debt > 1 year
€247k▼
2023 · €260k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76k | €77k | €87k | €106k | €110k | ▲ 4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3k | - | €5k | €3k | ▼ 33.9% |
| Other operating charges640/8 | - | €6k | €3k | €6k | €604 | ▼ 90.2% |
| Gross operating margin9900 | €80k | €-117k | €94k | €128k | €35k | ▼ 72.2% |
| Operating profit (loss)9901 | €798 | €-203k | €3k | €11k | €-79k | ▼ 829% |
| Financial income75/76B | - | €279 | €9k | - | €17 | - |
| Recurring financial income75 | €110 | €279 | €9k | - | €17 | - |
| Financial charges65/66B | - | €4k | €8k | €22k | €23k | ▲ 4.4% |
| Recurring financial charges65 | €9k | €4k | €8k | €22k | €23k | ▲ 4.4% |
| Profit (loss) for the period before taxes9903 | €-8k | €-207k | €3k | €-11k | €-101k | ▼ 806% |
| Profit (loss) for the period9904 | €-8k | €-207k | €3k | €-11k | €-101k | ▼ 806% |
| Profit (loss) for the period to be appropriated9905 | €-8k | €-207k | €3k | €-11k | €-101k | ▼ 806% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €656k | €614k | €567k | €491k | €368k | ▼ 25.0% |
| Fixed assets21/28 | €527k | €470k | €426k | €348k | €238k | ▼ 31.6% |
| Tangible fixed assets22/27 | €526k | €467k | €424k | €346k | €236k | ▼ 31.8% |
| Furniture and vehicles24 | - | €467k | €424k | €346k | €236k | ▼ 31.8% |
| Financial fixed assets28 | €1k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €129k | €145k | €141k | €143k | €130k | ▼ 9.1% |
| Amounts receivable within one year40/41 | €122k | €141k | €136k | €131k | €109k | ▼ 16.8% |
| Trade receivables40 | - | €133k | €127k | €130k | €108k | ▼ 16.6% |
| Other amounts receivable41 | - | €7k | €8k | €772 | €373 | ▼ 51.7% |
| Cash at bank and in hand54/58 | €5k | €1k | €3k | €9k | €18k | ▲ 105% |
| Deferred charges and accrued income490/1 | - | €3k | €2k | €4k | €3k | ▼ 7.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €656k | €614k | €567k | €491k | €368k | ▼ 25.0% |
| Equity10/15 | €76k | €-131k | €-127k | €-139k | €-240k | ▼ 73.2% |
| Contributions10/11 | - | €65k | €65k | €65k | €65k | = |
| Reserves13 | €7k | €7k | €7k | €7k | €7k | = |
| Non-distributable reserves130/1 | - | €7k | €7k | - | - | - |
| Reserves not available under the articles1311 | - | €7k | €7k | - | - | - |
| Distributable reserves133 | - | - | - | €7k | €7k | = |
| Profit (loss) carried forward14 | €5k | €-202k | €-199k | €-210k | €-312k | ▼ 48.3% |
| Amounts payable17/49 | €580k | €745k | €694k | €630k | €608k | ▼ 3.4% |
| Amounts payable after more than one year17 | €496k | €372k | €298k | €260k | €247k | ▼ 4.8% |
| Financial debts170/4 | - | €372k | €298k | €260k | €247k | ▼ 4.8% |
| Amounts payable within one year42/48 | €76k | €349k | €374k | €339k | €352k | ▲ 3.7% |
| Current portion of amounts payable after more than one year42 | - | €81k | €76k | €38k | - | - |
| Trade debts44 | €28k | €29k | €59k | €53k | €62k | ▲ 17.8% |
| Suppliers440/4 | - | €29k | €59k | €53k | €62k | ▲ 17.8% |
| Other amounts payable47/48 | - | €239k | €239k | €248k | €290k | ▲ 16.7% |
| Accrued charges and deferred income492/3 | - | €24k | €23k | €31k | €9k | ▼ 70.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €-207k | €3k | €-11k | €-101k | ▼ 806% |
| + Depreciation and write-downs630 | €76k | €77k | €87k | €106k | €110k | ▲ 4.1% |
| Operating cash flow (approximation) | €68k | €-129k | €91k | €94k | €9k | ▼ 91.0% |
| Investment in fixed assets (approximation) | - | €-20k | €-44k | €-28k | €0 | ▲ 100% |
| Change in cash | - | €-3k | €2k | €6k | €9k | ▲ 57.1% |
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
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 174 days late
2021
31-12
Financial
Weakest financial yearnet €-207k
Net result drops to €-207k, the lowest in the series; recovery starts the following year.
2020
31-12
Financial
Liquidity doublescurrent ratio 1.69
Current ratio from 0.81 to 1.69; short-term debt falls from €135k to €76k.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full 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, Elsene · 1 establishment unit since 2016
Ground area
1.4 ha
Building footprint
6,397 m²
Volume, LiDAR
67,945 m³
2 parcels, Brussels, Wallonia · tallest building 31.4 m, ±6 floors. Linked by address, not a title deed.
122
companies at this address
See who is registered here
1 establishment unit
TSF AIR'PRESS
since 20162.258.009.451
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62817B0418/00G002 | Wallonia | 1.3 ha | 1 · 4,913 m² | 16.3 m · 3 fl. |
| 21807G0121/00A008 | Brussels | 975 m² | 1 · 1,484 m² | 31.4 m · 6 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.
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Of 108 companies in sector 77350 we hold annual accounts for 70. 50 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
Founded21-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
77350Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.