ECOLOGIC
ActiveSummary
ECOLOGIC has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €342,635 and a net result of -€6,396. Equity is shrinking by about 3.4% per year across the filed financial years. Its solvency ranks better than 95% of 9,664 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, abbreviated format
Equity
€342,635▼ 1.8%
2024 · €349,032
Total assets
€345,259▼ 1.9%
2024 · €351,887
Net result
-€6,396▲ 14.5%
2024 · -€7,481
Working capital
€38,001▲ 44.9%
2024 · €26,226
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €6,187 in 2025 against €7,259 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€6,187
2025
Net result-€6,396
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€345,259
2025
Equity€342,635
2025
Debt€2,624
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€38,001
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-1.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency99.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio97.72
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€8,282--€7,929▲ 4.3%-€18,328▼ 131%-€20,184▼ 10.1%-€13,818▲ 31.5%-€11,274▲ 18.4%-€7,259▲ 35.6%-€6,187▲ 14.8%
Net result-€8,504--€8,150▲ 4.2%-€18,467below the sector's middle half▼ 127%-€20,350below the sector's middle half▼ 10.2%-€14,073below the sector's middle half▲ 30.8%-€11,456below the sector's middle half▲ 18.6%-€7,481below the sector's middle half▲ 34.7%-€6,396below the sector's middle half▲ 14.5%
Equity€429,009-€420,859▼ 1.9%€402,392within the sector's middle half▼ 4.4%€382,042above the sector's middle half▼ 5.1%€367,969above the sector's middle half▼ 3.7%€356,512above the sector's middle half▼ 3.1%€349,032above the sector's middle half▼ 2.1%€342,635within the sector's middle half▼ 1.8%
Total assets€438,387-€424,627▼ 3.1%€405,518below the sector's middle half▼ 4.5%€385,486within the sector's middle half▼ 4.9%€371,281within the sector's middle half▼ 3.7%€359,725within the sector's middle half▼ 3.1%€351,887within the sector's middle half▼ 2.2%€345,259below the sector's middle half▼ 1.9%
Debt€9,378-€3,768▼ 59.8%€3,126▼ 17.0%€3,445▲ 10.2%€3,313▼ 3.8%€3,212▼ 3.0%€2,856▼ 11.1%€2,624▼ 8.1%
Working capital€15,147-€23,235▲ 53.4%€22,138below the sector's middle half▼ 4.7%€6,052within the sector's middle half▼ 72.7%€9,321within the sector's middle half▲ 54.0%€16,156within the sector's middle half▲ 73.3%€26,226within the sector's middle half▲ 62.3%€38,001within the sector's middle half▲ 44.9%
Solvency97.9%-99.1%▲ 1.3pp99.2%above the sector's middle half▲ 0.1pp99.1%above the sector's middle half▼ 0.1pp99.1%above the sector's middle half=99.1%above the sector's middle half=99.2%above the sector's middle half▲ 0.1pp99.2%above the sector's middle half▲ 0.1pp
Current ratio3.12-16.12▲ 13.0025.72above the sector's middle half▲ 9.615.99above the sector's middle half▼ 19.749.62above the sector's middle half▲ 3.6317.47above the sector's middle half▲ 7.8542.97above the sector's middle half▲ 25.5197.72above the sector's middle half▲ 54.74
Return on assets (ROA)-1.9%--1.9%=-4.6%below the sector's middle half▼ 2.6pp-5.3%below the sector's middle half▼ 0.7pp-3.8%below the sector's middle half▲ 1.5pp-3.2%within the sector's middle half▲ 0.6pp-2.1%within the sector's middle half▲ 1.1pp-1.9%below the sector's middle half▲ 0.3pp
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €345,259
Fixed assets
€306,865 ▼ 5.6%
Current assets
€38,394 ▲ 43.0%
Equity and liabilities €345,259
Equity
€342,635 ▼ 1.8%
Debt
€2,624 ▼ 8.1%
Debt's share of the balance-sheet total falls from 0.8% to 0.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,984▲
2024 · €10,292
Cash flow
€11,775▲
2024 · €10,070
Debt to equity
0.01▼
2024 · 0.01
ROE
-1.9%▲
2024 · -2.1%
Interest coverage
57.22▲
2024 · 46.46
Debt ≤ 1 year
€393▼
2024 · €625
Debt > 1 year
€2,231=
2024 · €2,231
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,329 | €19,941 | €20,066 | €20,588 | €18,185 | €18,292 | €17,551 | €18,171 | ▲ 3.5% |
| Other operating charges640/8 | - | - | - | €1,392 | €1,424 | €1,558 | €1,626 | €1,675 | ▲ 3.0% |
| Gross operating margin9900 | €13,716 | €13,300 | €3,118 | €1,796 | €5,791 | €8,575 | €11,917 | €13,659 | ▲ 14.6% |
| Operating profit (loss)9901 | -€8,282 | -€7,929 | -€18,328 | -€20,184 | -€13,818 | -€11,274 | -€7,259 | -€6,187 | ▲ 14.8% |
| Recurring financial income75 | €334 | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €166 | €255 | €182 | €222 | €209 | ▼ 5.4% |
| Recurring financial charges65 | €556 | €221 | €139 | €166 | €255 | €182 | €222 | €209 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | -€8,504 | -€8,150 | -€18,467 | -€20,350 | -€14,073 | -€11,456 | -€7,481 | -€6,396 | ▲ 14.5% |
| Profit (loss) for the period9904 | -€8,504 | -€8,150 | -€18,467 | -€20,350 | -€14,073 | -€11,456 | -€7,481 | -€6,396 | ▲ 14.5% |
| Profit (loss) for the period to be appropriated9905 | -€8,504 | -€8,150 | -€18,467 | -€20,350 | -€14,073 | -€11,456 | -€7,481 | -€6,396 | ▲ 14.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €438,387 | €424,627 | €405,518 | €385,486 | €371,281 | €359,725 | €351,887 | €345,259 | ▼ 1.9% |
| Fixed assets21/28 | €416,093 | €399,855 | €382,485 | €378,221 | €360,879 | €342,587 | €325,036 | €306,865 | ▼ 5.6% |
| Tangible fixed assets22/27 | €211,581 | €195,343 | €177,973 | €173,709 | €156,367 | €138,075 | €120,524 | €102,353 | ▼ 15.1% |
| Land and buildings22 | - | - | - | €163,807 | €147,535 | €131,264 | €115,733 | €99,583 | ▼ 14.0% |
| Plant, machinery and equipment23 | - | - | - | €9,902 | €8,831 | €6,811 | €4,791 | €2,770 | ▼ 42.2% |
| Financial fixed assets28 | €204,512 | €204,512 | €204,512 | €204,512 | €204,512 | €204,512 | €204,512 | €204,512 | = |
| Current assets29/58 | €22,294 | €24,772 | €23,033 | €7,266 | €10,402 | €17,138 | €26,851 | €38,394 | ▲ 43.0% |
| Amounts receivable within one year40/41 | €3,599 | €250 | - | - | - | - | - | - | - |
| Current investments50/53 | - | - | - | - | €5,086 | €5,086 | €5,086 | €5,086 | = |
| Cash at bank and in hand54/58 | €18,695 | €24,522 | €22,764 | €6,987 | €5,316 | €12,051 | €21,765 | €33,308 | ▲ 53.0% |
| Deferred charges and accrued income490/1 | - | - | - | €279 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €438,387 | €424,627 | €405,518 | €385,486 | €371,281 | €359,725 | €351,887 | €345,259 | ▼ 1.9% |
| Equity10/15 | €429,009 | €420,859 | €402,392 | €382,042 | €367,969 | €356,512 | €349,032 | €342,635 | ▼ 1.8% |
| Contributions10/11 | €560,239 | €560,239 | €560,239 | €560,239 | €560,239 | €560,239 | €560,239 | €560,239 | = |
| Capital10 | - | - | - | €560,239 | - | - | €560,239 | €560,239 | = |
| Issued capital100 | - | - | - | €560,239 | - | - | €560,239 | €560,239 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | - | €1,859 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | - | €0 | - | - | - | - |
| Profit (loss) carried forward14 | -€133,089 | -€141,240 | -€159,707 | -€180,057 | -€194,130 | -€205,586 | -€213,067 | -€219,463 | ▼ 3.0% |
| Amounts payable17/49 | €9,378 | €3,768 | €3,126 | €3,445 | €3,313 | €3,212 | €2,856 | €2,624 | ▼ 8.1% |
| Amounts payable after more than one year17 | €2,231 | €2,231 | €2,231 | €2,231 | €2,231 | €2,231 | €2,231 | €2,231 | = |
| Other amounts payable178/9 | - | - | - | €2,231 | €2,231 | €2,231 | €2,231 | €2,231 | = |
| Amounts payable within one year42/48 | €7,147 | €1,537 | €895 | €1,214 | €1,082 | €981 | €625 | €393 | ▼ 37.1% |
| Trade debts44 | €562 | €1,462 | €595 | €806 | €642 | €641 | €212 | €212 | = |
| Suppliers440/4 | - | - | - | €806 | €642 | €641 | €212 | €212 | = |
| Taxes, remuneration and social security45 | - | - | - | €407 | €440 | €341 | €413 | €181 | ▼ 56.1% |
| Taxes450/3 | - | - | - | €407 | €440 | €341 | €413 | €181 | ▼ 56.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,504 | -€8,150 | -€18,467 | -€20,350 | -€14,073 | -€11,456 | -€7,481 | -€6,396 | ▲ 14.5% |
| + Depreciation and write-downs630 | €17,329 | €19,941 | €20,066 | €20,588 | €18,185 | €18,292 | €17,551 | €18,171 | ▲ 3.5% |
| Operating cash flow (approximation) | €8,825 | €11,790 | €1,599 | €237 | €4,112 | €6,835 | €10,070 | €11,775 | ▲ 16.9% |
| Investment in fixed assets (approximation) | - | -€3,703 | -€2,696 | -€16,324 | -€843 | €0 | €0 | €0 | - |
| Change in cash | - | €5,827 | -€1,757 | -€15,778 | -€1,670 | €6,735 | €9,714 | €11,543 | ▲ 18.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-07-2026 | 2026-00368624 |
| 31-12-2024 | micro format | 19-08-2025 | 2025-00389402 |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00376921 |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00280173 |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20263906 |
| 31-12-2020 | abbreviated format | 26-07-2021 | 2021-41800182 |
| 31-12-2019 | abbreviated format | 01-07-2020 | 2020-25400299 |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-42000429 |
| 31-12-2017 | abbreviated format | 29-06-2018 | 2018-26100283 |
| 31-12-2016 | abbreviated format | 28-07-2017 | 2017-38900323 |
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Of the 1,539 active companies whose main activity is non-specialised wholesale trade (NACE 46900), figures are known for 910. 665 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.