ECOLAB
ActiveSummary
ECOLAB has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93.0m and a net result of €5.6m. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 93% of 269 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-1
Solvency100=
Growth65▼-2
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 2.89 against 3.19 in 2024; short-term debt: 8.9% of total assets), and 11.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer 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
88.1%
Return on assets
5.3%
Age of the figures
10 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 14-05-2026, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
47 d early
2024
7 d early
2023
51 d early
2022
28 d early
2021
23 d early
2020
27 d early
2019
94 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 13 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-11-2026 close30-06-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by equity in Dilbeek, Manufacturing sector#3 employer in Dilbeek, Manufacturing sector#4 company by total assets in Dilbeek, Manufacturing sector
Turnover
€48.6m▼ 4.0%
2024 · €50.6m
EBIT margin
4.4%▼ 1.6pp
2024 · 6.0%
Net result
€5.6m▲ 50.0%
2024 · €3.7m
Working capital
€17.8m▲ 49.8%
2024 · €11.9m
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
Line20202022202320242025
Turnover€44.2m▲ 4.6%€48.7m-€52.9m▲ 8.6%€50.6m▼ 4.4%€48.6m▼ 4.0%
Operating result€1.5m▲ 175%€1.2m-€2.6m▲ 120%€3.0m▲ 13.9%€2.1m▼ 29.1%
Net result€512,812▼ 66.2%€2.9m-€2.4m▼ 17.6%€3.7m▲ 58.0%€5.6m▲ 50.0%
EBIT margin3.5%▲ 2.1pp2.5%-5.0%▲ 2.5pp6.0%▲ 1.0pp4.4%▼ 1.6pp
Equity€51.8m▲ 1.0%€81.4m-€83.7m▲ 2.9%€87.4m▲ 4.4%€93.0m▲ 6.4%
Total assets€105.3m▼ 1.7%€93.2m-€93.4m▲ 0.2%€95.7m▲ 2.5%€105.6m▲ 10.4%
Debt€53.2m▼ 3.4%€11.8m-€9.6m▼ 18.4%€8.1m▼ 16.1%€12.5m▲ 54.3%
Working capital-€38.6m▲ 4.2%€4.9m-€7.7m▲ 58.2%€11.9m▲ 54.3%€17.8m▲ 49.8%
Staff (FTE)107.6▼ 3.2%105.3-100.3▼ 4.7%95.3▼ 5.0%94.7▼ 0.6%
Why a figure moved sharply
- 2025 Net result +50% on 2024. Cause not known from the registers.
- 2024 Net result +58% on 2023. Cause not known from the registers.
- 2020 Net result -66% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105.6m
Fixed assets
€78.4m =
Current assets
€27.2m ▲ 57.3%
Equity and liabilities €105.6m
Equity
€93.0m ▲ 6.4%
Provisions
€90,500 ▼ 40.7%
Debt
€12.5m ▲ 54.3%
Debt's share of the balance-sheet total rises from 8.5% to 11.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.4m▼
2024 · €4.3m
Cash flow
€6.9m▲
2024 · €5.0m
Current ratio
2.89▼
2024 · 3.19
Debt to equity
0.13▲
2024 · 0.09
ROE
6.0%▲
2024 · 4.3%
ROA
5.3%▲
2024 · 3.9%
Interest coverage
166425.92▲
2024 · 685.08
Debt ≤ 1 year
€9.4m▲
2024 · €5.4m
Income taxes
€740,368▼
2024 · €944,428
Staff costs
€13.7m▼
2024 · €14.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €54.5m | €58.4m | €54.6m | €52.3m | ▼ 4.2% |
| Turnover70 | €44.2m | €48.7m | €52.9m | €50.6m | €48.6m | ▼ 4.0% |
| Other operating income74 | - | €5.8m | €5.1m | €4.0m | €3.7m | ▼ 8.0% |
| Non-recurring operating income76A | - | - | €358,981 | - | - | - |
| Operating charges60/66A | - | €53.3m | €55.7m | €51.6m | €50.1m | ▼ 2.8% |
| Goods for resale, raw materials and consumables60 | - | €32.3m | €36.7m | €30.5m | €30.3m | ▼ 0.8% |
| Purchases600/8 | - | €32.3m | €36.7m | €30.5m | €30.3m | ▼ 0.8% |
| Services and other goods61 | - | €4.3m | €4.0m | €5.0m | €4.6m | ▼ 8.3% |
| Remuneration, social security and pensions62 | - | €13.3m | €13.0m | €14.2m | €13.7m | ▼ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.0m | €1.5m | €1.2m | €1.3m | €1.3m | ▲ 1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€331,693 | €55,963 | -€11,809 | -€28,000 | ▼ 137% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€168,372 | - | - | - | - |
| Other operating charges640/8 | - | €2.5m | €754,226 | €461,838 | €384,940 | ▼ 16.7% |
| Non-recurring operating charges66A | - | -€133,674 | - | €152,719 | -€62,219 | ▼ 141% |
| Operating profit (loss)9901 | €1.5m | €1.2m | €2.6m | €3.0m | €2.1m | ▼ 29.1% |
| Financial income75/76B | - | €2.5m | €633,518 | €1.7m | €4.2m | ▲ 150% |
| Recurring financial income75 | €787,611 | €1.5m | €633,512 | €1.7m | €4.2m | ▲ 150% |
| Income from financial fixed assets750 | - | €1.5m | €600,000 | €1.6m | €4.0m | ▲ 150% |
| Income from current assets751 | - | €17,626 | €18,204 | €59,206 | €185,729 | ▲ 214% |
| Other financial income752/9 | - | €16,912 | €15,308 | €14,461 | €6,165 | ▼ 57.4% |
| Non-recurring financial income76B | - | €937,933 | €6 | - | - | - |
| Financial charges65/66B | - | €314,796 | €83,220 | €26,350 | €12,003 | ▼ 54.4% |
| Recurring financial charges65 | €203,131 | €108,157 | €83,220 | €26,350 | €12,003 | ▼ 54.4% |
| Debt charges650 | €193,832 | €78,340 | €45,694 | €6,276 | €21 | ▼ 99.7% |
| Other financial charges652/9 | - | €29,817 | €37,525 | €20,074 | €11,982 | ▼ 40.3% |
| Non-recurring financial charges66B | - | €206,638 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.4m | €3.4m | €3.2m | €4.7m | €6.3m | ▲ 35.5% |
| Income taxes67/77 | €928,267 | €508,960 | €844,591 | €944,428 | €740,368 | ▼ 21.6% |
| Taxes670/3 | - | €508,960 | €844,591 | €944,428 | €740,368 | ▼ 21.6% |
| Profit (loss) for the period9904 | €512,812 | €2.9m | €2.4m | €3.7m | €5.6m | ▲ 50.0% |
| Profit (loss) for the period to be appropriated9905 | €512,812 | €2.9m | €2.4m | €3.7m | €5.6m | ▲ 50.0% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105.3m | €93.2m | €93.4m | €95.7m | €105.6m | ▲ 10.4% |
| Fixed assets21/28 | €92.6m | €78.1m | €78.2m | €78.4m | €78.4m | = |
| Tangible fixed assets22/27 | €3.1m | €2.2m | €2.3m | €2.5m | €2.5m | ▼ 0.1% |
| Plant, machinery and equipment23 | - | €111,502 | €96,856 | €103,961 | €96,104 | ▼ 7.6% |
| Furniture and vehicles24 | - | €11,109 | €15,999 | €12,226 | €52,622 | ▲ 330% |
| Other tangible fixed assets26 | - | €2.1m | €2.1m | €2.3m | €2.3m | ▲ 0.5% |
| Assets under construction and advance payments27 | - | €51,568 | €51,510 | €122,102 | €75,722 | ▼ 38.0% |
| Financial fixed assets28 | €89.5m | €75.9m | €75.9m | €75.9m | €75.9m | = |
| Affiliated companies280/1 | - | €75.9m | €75.9m | €75.9m | €75.9m | = |
| Participating interests280 | - | €75.9m | €75.9m | €75.9m | €75.9m | = |
| Current assets29/58 | €12.7m | €15.1m | €15.2m | €17.3m | €27.2m | ▲ 57.3% |
| Amounts receivable after more than one year29 | - | €6,132 | €3,643 | €28,044 | - | - |
| Trade receivables290 | - | €6,132 | €3,643 | €28,044 | - | - |
| Amounts receivable within one year40/41 | €12.2m | €14.9m | €15.1m | €17.2m | €27.2m | ▲ 58.0% |
| Trade receivables40 | - | €14.8m | €13.1m | €12.3m | €13.1m | ▲ 6.8% |
| Other amounts receivable41 | - | €96,407 | €2.1m | €4.9m | €14.1m | ▲ 185% |
| Deferred charges and accrued income490/1 | - | €126,389 | €92,477 | €47,312 | €6,872 | ▼ 85.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105.3m | €93.2m | €93.4m | €95.7m | €105.6m | ▲ 10.4% |
| Equity10/15 | €51.8m | €81.4m | €83.7m | €87.4m | €93.0m | ▲ 6.4% |
| Contributions10/11 | €43.9m | €97.1m | €97.1m | €97.1m | €97.1m | = |
| Reserves13 | €910,841 | €910,841 | €910,841 | €910,841 | €910,841 | = |
| Non-distributable reserves130/1 | - | €564,489 | €564,489 | €564,489 | €564,489 | = |
| Reserves not available under the articles1311 | - | €550,045 | €550,045 | €550,045 | €550,045 | = |
| Other1319 | - | €14,444 | €14,444 | €14,444 | €14,444 | = |
| Tax-exempt reserves132 | - | €346,352 | €346,352 | €346,352 | €346,352 | = |
| Profit (loss) carried forward14 | -€46.2m | -€16.6m | -€14.3m | -€10.6m | -€5.0m | ▲ 52.8% |
| Provisions and deferred taxes16 | €326,557 | - | - | €152,719 | €90,500 | ▼ 40.7% |
| Provisions for liabilities and charges160/5 | - | - | - | €152,719 | €90,500 | ▼ 40.7% |
| Other liabilities and charges164/5 | - | - | - | €152,719 | €90,500 | ▼ 40.7% |
| Amounts payable17/49 | €53.2m | €11.8m | €9.6m | €8.1m | €12.5m | ▲ 54.3% |
| Amounts payable within one year42/48 | €51.3m | €10.2m | €7.5m | €5.4m | €9.4m | ▲ 73.9% |
| Financial debts43 | - | €334,138 | - | - | - | - |
| Other loans439 | - | €334,138 | - | - | - | - |
| Trade debts44 | €977,384 | €4.2m | €3.7m | €1.6m | €4.3m | ▲ 169% |
| Suppliers440/4 | - | €4.2m | €3.7m | €1.6m | €4.3m | ▲ 169% |
| Taxes, remuneration and social security45 | - | €5.7m | €3.8m | €3.8m | €5.1m | ▲ 34.4% |
| Taxes450/3 | - | €1.2m | €1.1m | €996,461 | €1.1m | ▲ 7.7% |
| Remuneration and social security454/9 | - | €4.5m | €2.7m | €2.8m | €4.1m | ▲ 43.8% |
| Accrued charges and deferred income492/3 | - | €1.6m | €2.1m | €2.7m | €3.1m | ▲ 14.7% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €512,812 | €2.9m | €2.4m | €3.7m | €5.6m | ▲ 50.0% |
| + Depreciation and write-downs630 | €2.0m | €1.5m | €1.2m | €1.3m | €1.3m | ▲ 1.7% |
| Operating cash flow (approximation) | €2.5m | €4.3m | €3.5m | €5.0m | €6.9m | ▲ 37.6% |
| Investment in fixed assets (approximation) | - | - | -€1.2m | -€1.5m | -€1.3m | ▲ 14.6% |
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
14-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-11
Financial
Highest result since 2019net €5.6m ▲50%
Net result €5.6m, the highest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-11
Financial
Liquidity times 6current ratio 1.48
Current ratio from 0.25 to 1.48; short-term debt falls from €51.3m to €10.2m.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-11
Financial
Weakest financial yearnet €512,812 ▼66.2%
Net result drops to €512,812, the lowest in the series; recovery starts the following year.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 94 days late
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 361 days late
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 347 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 42 acts read
About the unread acts
We know of 42 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
42 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, Dilbeek · 1 establishment unit since 2004
Ground area
1.1 ha
Building footprint
1,027 m²
Volume, LiDAR
12,757 m³
Parcel 23026A0132/00N006, Flanders · tallest building 18.0 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
ecolab BVBA buusinesspark
since 20042.143.919.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026A0132/00N006 | Flanders | 1.1 ha | 1 · 1,027 m² | 18.0 m · 4 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.
Structure & network
Part of the group
ECOLAB INC.
5 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- ECOLAB INC.US
- ECOLAB
Highest known parent: ECOLAB INC. (United States). The sources do not say who stands above it.
Owners 1
- ECOLAB INC.USparentSourceLEI registerconsolidated
Holdings 1
-
100%
According to the annual accounts to 30-11-2025 of ECOLAB and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400RHSO0T3VSJT185
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Of 88 companies in sector 20412 we hold annual accounts for 57. 9 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
Founded01-01-1968
Fiscal year end30-11
Activities, NACEBEL 2025
20412Manufacture of chemicals and chemical products
46442Wholesale trade
46851Wholesale of industrial chemicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0403091121
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.