Equity
-€37,211
Debts exceed assets in financial year 2024.
Ecomuur
Lifetime
5 annual accounts with figures on one time axispeak €67,765 (2020)
€2,127▲ €6,309
lowest -€52,288 (2021)
€9,459▲ €37,310
peak €59,455 (2020)
-€37,211▲ €9,459
€587,789▼ 2.4%
Board3 names since 2019
1 directorVERSHININ Igor
Documentsfilings and deeds
26-09-202557 days late
2024micro format
Gross margin from -€4,182 to €2,127Back to profit: €9,459Transfer of 20 shares from Popovici Vladimir to Verchinine Igor 03-06Equity from -€46,670 to -€37,211Cash from €8,091 to €36,953
Key points
from the 2024 annual accountsTurnover
≈ €29,000 estimated
The accounts state no turnover.
Debts
€587,789 107% of the balance sheet
Financial debts 1%Suppliers 98%Taxes and wages 0%
Of this, €582,195 falls due within a year.
Filings
5 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Starting capital
€5,000 100 shares
Position in the sector
-€37,211
Less equity than 95% of companies in specialised construction. Sector median €58,283 · 35,974 companies.
Checked score
47
Fair
Financially stronger than 24% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.1%
01-2025: 3.0%▼ -0.1 percentage points vs 12-2024
02-2025: 3.0%● unchanged vs 01-2025
03-2025: 3.0%● unchanged vs 02-2025
04-2025: 3.1%▲ +0.1 percentage points vs 03-2025
05-2025: 3.0%▼ -0.1 percentage points vs 04-2025
06-2025: 3.0%● unchanged vs 05-2025
07-2025: 3.0%● unchanged vs 06-2025
08-2025: 3.6%▲ +0.6 percentage points vs 07-2025
09-2025: 3.8%▲ +0.2 percentage points vs 08-2025
10-2025: 2.3%▼ -1.5 percentage points vs 09-2025
11-2025: 2.3%● unchanged vs 10-2025
12-2025: 2.1%▼ -0.2 percentage points vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025lowest value
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 2.3%▲ +0.2 percentage points vs 04-2026
06-2026: 2.3%● unchanged vs 05-2026
07-2026: 2.3%● unchanged vs 06-2026
08-2026: 2.8%▲ +0.5 percentage points vs 07-2026
09-2026: 3.0%▲ +0.2 percentage points vs 08-2026
10-2026: 4.3%▲ +1.3 percentage points vs 09-2026highest value
11-2026: 4.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 26-09-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 57 days late; 2 of the last 3 accounts late
Negative equity -€37,211
lowers risk
Size: total assets €550,577
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 7% of them on solvency, 6% on liquidity, 14% on profitability and 68% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 457 companies had the same profile as Ecomuur has now. Each dot is one company, two years later.
97.2%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Ecomuur itself is higher: 4.3% within 12 months. It rests on far more data about Ecomuur than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 457 companies, not a prediction for Ecomuur. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.93 (0.92 in 2023), below 1. Short-term debt is 105.7% and cash 6.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 35957 sector peers (2024).
NBB · sector comparisonPosition among 35957 sector peers
Solvency
better than 8%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 57 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
57 days late
2023
30 days late
2022
72 days late
2021
120 days late
2020
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 48 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Board and ownership
VI
VERSHININ Igor
Director, since 04-09-2019
- Verchinine Igor 80 sharesdeed of 03-06-2024
- Popovici Vladimir 20 sharesdeed of 03-06-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0733689093
Transfer of 20 shares from Popovici Vladimir to Verchinine Igor
Resignation: Popovici Vladimir (tous les postes de la société) · Verchinine Igor holds 80 shares · Popovici Vladimir holds 20 shares · General meeting of 02-04-2024 · Gazette deed
Transfer of 30 shares from Popovici Vladimir to Verchinine Igor
Resignation: Popovici Vladimir (director) · Director discharge: Popovici Vladimir · Verchinine Igor holds 80 shares · General meeting of 02-12-2022 · Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founder: VERCHININE Igor · Appointment: VERCHININE Igor (director) · published on 06-09-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Ecomuur Brussels | €550,577 | €2,127 | -6.8% | - |
| Kennes Constructief Scherpenheuvel-Zichem | €490,240 | -€141,322 | 2.6% | - |
| t Zwembad Aarschot | €594,434 | €563 | 5.0% | - |
| QUALITY BUILDING INVESTMENTS Dilsen-Stokkem | €705,712 | -€87,719 | 44.1% | 1 |
| T.L.N.S. PREFAB Erquelinnes | €575,452 | -€3,670 | 52.9% | - |
| ScaffCo Aalter | €671,897 | -€9,715 | -66.1% | - |
| Rideco Beersel | €383,499 | €4,513 | 8.0% | - |
These companies have the same main activity as Ecomuur: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €383,000 and €706,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 04-09-2019Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 6 others
- Establishment unit
- 2.292.701.7971000 Brussels, since 04-09-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 17-03-2026
Insights on Ecomuur
Ecomuur files the micro format. That format states no turnover. The gross margin fell from €67,765 in 2020 to €2,127 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Ecomuur
- What is the company number of Ecomuur?
- The company number of Ecomuur is 0733.689.093. The VAT number is the same number with BE in front: BE 0733.689.093.
- Where is Ecomuur based?
- The registered office is at Léon Lepagestraat 24, 1000 Brussels.Company details
- What does Ecomuur do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of Ecomuur?
- Ecomuur is a private limited company (BV).
- When was Ecomuur founded?
- Ecomuur was founded on 04-09-2019.
- Is Ecomuur still active?
- Yes, Ecomuur is an active enterprise in the KBO register.
- What is the turnover of Ecomuur?
- The turnover in financial year 2024 is ≈ €29,000. This figure is estimated from the gross margin of €2,127 and 201 comparable companies (NACE 43990). It probably lies between €16,000 and €54,000. It is a rough estimate.Financials
- Is Ecomuur profitable?
- In financial year 2024, Ecomuur made a profit of €9,459.
- Where can I find the annual accounts of Ecomuur?
- Ecomuur filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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