ECOLAW
ActiveECOLAW has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €493k and a net result of €109k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+3
Solvency72▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.74 in 2023; short-term debt: 11.2% and cash: 0% of total assets), and 52.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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 05-07-2025, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d early
2023
132 d late
2022
77 d late
2021
72 d late
2020
60 d early
2019
119 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€109k▲ 6.7%
2023 · €102k
2018: €8k
2019: €-6k
2020: €-38k
2021: €29k
2022: €29k
2023: €102k
2018 → 2024
Working capital
€-79k▼ 198%
2023 · €-27k
2018: €-111k
2019: €-118k
2020: €-147k
2021: €-5k
2022: €-37k
2023: €-27k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€224k-€253k▲ 12.9%€282k▲ 11.6%€384k▲ 36.3%€493k▲ 28.4%
Operating result€-34k-€59k€60k▲ 2.3%€132k▲ 120%€113k▼ 13.9%
Net result€-38k-€29k€29k▲ 1.6%€102k▲ 249%€109k▲ 6.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 14% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.04M
Fixed assets
€1.01M▼ 9.8%
Current assets
€37k▼ 49.8%
Equity and liabilities €1.04M
Equity
€493k▲ 28.4%
Debt
€550k▼ 31.7%
The debt ratio falls from 67.7% to 52.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€167k▼
2023 · €205k
Cash flow
€163k▼
2023 · €176k
Solvency
47.3%▲
2023 · 32.3%
Current ratio
0.32▼
2023 · 0.74
Quick ratio
0.32▼
2023 · 0.74
Debt / equity
1.11▼
2023 · 2.10
ROE
22.1%▼
2023 · 26.6%
ROA
10.5%▲
2023 · 8.6%
Interest coverage
39.61▲
2023 · 6.93
Debt
€550k▼
2023 · €805k
Debt ≤ 1 year
€117k▲
2023 · €101k
Debt > 1 year
€433k▼
2023 · €704k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.19M€1.04M▼
Fixed assets21/28€1.12M€1.01M▼
Tangible fixed assets22/27€542k€488k▼
Land and buildings22€541k€488k▼
Leasing and similar rights25€688-
Financial fixed assets28€574k€519k▼
Current assets29/58€74k€37k▼
Amounts receivable within one year40/41€52k€37k▼
Other amounts receivable41€52k€37k▼
Cash at bank and in hand54/58€16k€13▼
Deferred charges and accrued income490/1€6k-
Equity and liabilities
Total equity and liabilities10/49€1.19M€1.04M▼
Equity10/15€384k€493k▲
Contributions10/11€1.27M€1.27M=
Capital10€1.27M€1.27M=
Issued capital100€1.27M€1.27M=
Outside capital11€390€390=
Share premium1100/10€390€390=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-884k€-774k▲
Amounts payable17/49€805k€550k▼
Amounts payable after more than one year17€704k€433k▼
Financial debts170/4€704k€433k▼
Amounts payable within one year42/48€101k€117k▲
Current portion of amounts payable after more than one year42€101k€99k▼
Trade debts44-€13k
Suppliers440/4-€13k
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Other amounts payable47/48-€2k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€54k▼
Other operating charges640/8€2k€6k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€207k€176k▼
Operating profit (loss)9901€132k€113k▼
Financial income75/76B€196€0▼
Recurring financial income75€196€0▼
Financial charges65/66B€30k€4k▼
Recurring financial charges65€30k€4k▼
Profit (loss) for the period before taxes9903€102k€109k▲
Profit (loss) for the period9904€102k€109k▲
Profit (loss) for the period to be appropriated9905€102k€109k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-884k€-774k▲
Profit (loss) brought forward from the previous period14P€-986k€-884k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €109k ▲6.7%
Net result €109k, the highest in the series.
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 132 days late
2023
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 77 days late
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 72 days late
2021
31-12
Financial
Back to profitnet €29k
Net result €29k after 2 loss-making years.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 119 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
17-10-2025
PHILIPPART de FOY Michael: Resigned as Director
17-10-2025
STAINIER Anne-Véronique: Resigned as Director
20-02-2025
Paul Tulcinsky: Resigned as Director
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 1985
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schotlandstraat 281060 Sint-Gillis (bij-Brussel)Ground area
524 m²
Building footprint
214 m²
Volume, LiDAR
2,902 m³
2 parcels, Brussels · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Jean-Baptiste Meunierstraat 20, 1050 Elsene
since 19852.231.573.783
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0017/00X019 | Brussels | 302 m² | 1 · 116 m² | 18.2 m · 5 fl. |
| 21447B0310/00H025 | Brussels | 223 m² | 1 · 98 m² | 18.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Similar companies · same sector, comparable size
RN LIEGE
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Zeewind
BE 0449.134.150
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BURY MICHEL
BE 0458.926.103
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Haronique Vastgoed
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Of 9,139 companies in sector 68201 we hold annual accounts for 6,767. 5,032 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-09-1985
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.