ECON
ActiveSummary
ECON has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €190,699 and a net result of €313,204. Equity is shrinking by ~12.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 18% of 1223 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+76
Solvency38▲+22
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.46 in 2024; short-term debt: 81.7% and cash: 33.8% of total assets), and 86.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← 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
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
13.1%
Return on assets
21.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 1223 sector peers (2025).
NBB · sector comparisonPosition among 1223 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
7 d early
2023
23 d late
2022
1 d late
2021
6 d early
2020
8 d early
2019
4 d early
← 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 on the deadline day; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€190,699
2024 · -€122,504
Total assets
€1.5m▲ 3.7%
2024 · €1.4m
Net result
€313,204
2024 · -€49,041
Working capital
-€358,756▲ 54.2%
2024 · -€783,018
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€109,248€1,015▼ 99.1%€50,656▲ 4,893%-€8,719€349,020
Net result€54,927above the sector's middle half-€28,504below the sector's middle half€14,098within the sector's middle half-€49,041below the sector's middle half€313,204above the sector's middle half
Equity-€59,057below the sector's middle half▲ 48.2%-€87,561below the sector's middle half▼ 48.3%-€73,463below the sector's middle half▲ 16.1%-€122,504below the sector's middle half▼ 66.8%€190,699within the sector's middle half
Total assets€1.3mabove the sector's middle half▼ 6.2%€1.3mabove the sector's middle half▲ 0.8%€1.3mabove the sector's middle half▲ 0.4%€1.4mabove the sector's middle half▲ 6.0%€1.5mwithin the sector's middle half▲ 3.7%
Debt€1.3m▼ 11.5%€1.4m▲ 3.1%€1.4m▼ 0.6%€1.5m▲ 9.7%€1.2m▼ 17.4%
Working capital-€836,131below the sector's middle half▲ 14.1%-€816,004below the sector's middle half▲ 2.4%-€734,089below the sector's middle half▲ 10.0%-€783,018below the sector's middle half▼ 6.7%-€358,756below the sector's middle half▲ 54.2%
Solvency-4.5%below the sector's middle half▲ 3.7pp-6.6%below the sector's middle half▼ 2.1pp-5.5%below the sector's middle half▲ 1.1pp-8.7%below the sector's middle half▼ 3.2pp13.1%below the sector's middle half▲ 21.8pp
Current ratio0.36below the sector's middle half▲ 0.020.39below the sector's middle half▲ 0.030.43below the sector's middle half▲ 0.040.46below the sector's middle half▲ 0.030.70below the sector's middle half▲ 0.24
Return on assets (ROA)4.2%within the sector's middle half▲ 9.7pp-2.2%below the sector's middle half▼ 6.4pp1.1%within the sector's middle half▲ 3.2pp-3.5%below the sector's middle half▼ 4.6pp21.5%above the sector's middle half▲ 25.0pp
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €349,020 after a loss of €8,719 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€624,605 ▼ 15.8%
Current assets
€831,410 ▲ 25.6%
Equity and liabilities €1.5m
Equity
€190,699
Provisions
€38,169
Debt
€1.2m
Debt finances 84.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€466,491▲
2024 · €25,999
Cash flow
€430,675▲
2024 · -€14,324
Debt to equity
6.43▲
2024 · -12.13
ROE
164.2%
Interest coverage
12.43▲
2024 · 0.62
Debt ≤ 1 year
€1.2m▼
2024 · €1.4m
Income taxes
€170▼
2024 · €170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,613 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €128,365 | - | - | €944 | €1,494 | ▲ 58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,008 | €42,906 | €41,966 | €34,717 | €117,471 | ▲ 238% |
| Other operating charges640/8 | €24,089 | €20,223 | €21,619 | €21,993 | €22,680 | ▲ 3.1% |
| Gross operating margin9900 | €184,345 | €64,143 | €114,242 | €47,992 | €489,171 | ▲ 919% |
| Operating profit (loss)9901 | €109,248 | €1,015 | €50,656 | -€8,719 | €349,020 | ▲ 4,103% |
| Financial income75/76B | €91 | - | €3 | €2 | €0 | ▼ 100% |
| Recurring financial income75 | €91 | - | €3 | €2 | €0 | ▼ 100% |
| Financial charges65/66B | €23,998 | €31,235 | €38,297 | €42,052 | €37,544 | ▼ 10.7% |
| Recurring financial charges65 | €23,998 | €31,235 | €38,297 | €42,052 | €37,544 | ▼ 10.7% |
| Profit (loss) for the period before taxes9903 | €85,341 | -€30,220 | €12,362 | -€50,769 | €311,475 | ▲ 714% |
| Transfer from deferred taxes780 | €1,898 | €1,898 | €1,898 | €1,898 | €1,898 | = |
| Transfer to deferred taxes680 | €32,091 | - | - | - | - | - |
| Income taxes67/77 | €221 | €182 | €162 | €170 | €170 | ▼ 0.3% |
| Profit (loss) for the period9904 | €54,927 | -€28,504 | €14,098 | -€49,041 | €313,204 | ▲ 739% |
| Transfer from tax-exempt reserves789 | €3,686 | €3,686 | €3,686 | €3,686 | €3,686 | = |
| Transfer to tax-exempt reserves689 | €96,274 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€37,661 | -€24,818 | €17,784 | -€45,355 | €316,889 | ▲ 799% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.3m | €1.4m | €1.5m | ▲ 3.7% |
| Fixed assets21/28 | €845,904 | €802,998 | €767,306 | €742,076 | €624,605 | ▼ 15.8% |
| Tangible fixed assets22/27 | €845,904 | €802,998 | €767,306 | €742,076 | €624,605 | ▼ 15.8% |
| Land and buildings22 | €835,704 | €797,898 | €767,306 | €742,076 | €624,605 | ▼ 15.8% |
| Furniture and vehicles24 | €10,200 | €5,100 | - | - | - | - |
| Current assets29/58 | €462,920 | €516,303 | €556,687 | €661,927 | €831,410 | ▲ 25.6% |
| Amounts receivable within one year40/41 | €431,537 | €443,113 | €451,549 | €460,057 | €315,410 | ▼ 31.4% |
| Trade receivables40 | €424 | - | €436 | €0 | €40 | - |
| Other amounts receivable41 | €431,113 | €443,113 | €451,113 | €460,057 | €315,370 | ▼ 31.4% |
| Current investments50/53 | €17,000 | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Cash at bank and in hand54/58 | €9,311 | €50,507 | €81,967 | €179,911 | €492,128 | ▲ 174% |
| Deferred charges and accrued income490/1 | €5,072 | €5,683 | €6,171 | €4,959 | €6,871 | ▲ 38.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.3m | €1.4m | €1.5m | ▲ 3.7% |
| Equity10/15 | -€59,057 | -€87,561 | -€73,463 | -€122,504 | €190,699 | ▲ 256% |
| Contributions10/11 | €458,603 | €458,603 | €458,603 | €458,603 | €458,603 | = |
| Capital10 | €458,603 | €458,603 | €458,603 | €458,603 | €458,603 | = |
| Issued capital100 | €458,603 | €458,603 | €458,603 | €458,603 | €458,603 | = |
| Reserves13 | €134,495 | €130,809 | €127,124 | €123,438 | €119,752 | ▼ 3.0% |
| Tax-exempt reserves132 | €122,819 | €119,134 | €115,448 | €111,762 | €108,076 | ▼ 3.3% |
| Distributable reserves133 | €11,676 | €11,676 | €11,676 | €11,676 | €11,676 | = |
| Profit (loss) carried forward14 | -€652,155 | -€676,974 | -€659,190 | -€704,545 | -€387,656 | ▲ 45.0% |
| Provisions and deferred taxes16 | €45,760 | €43,862 | €41,964 | €40,067 | €38,169 | ▼ 4.7% |
| Deferred taxes168 | €45,760 | €43,862 | €41,964 | €40,067 | €38,169 | ▼ 4.7% |
| Amounts payable17/49 | €1.3m | €1.4m | €1.4m | €1.5m | €1.2m | ▼ 17.4% |
| Amounts payable within one year42/48 | €1.3m | €1.3m | €1.3m | €1.4m | €1.2m | ▼ 17.6% |
| Trade debts44 | €1,614 | €6,334 | €6,020 | €5,607 | €4,162 | ▼ 25.8% |
| Suppliers440/4 | €1,614 | €6,334 | €6,020 | €5,607 | €4,162 | ▼ 25.8% |
| Advances received on contracts in progress46 | €50,000 | €50,000 | - | €148,000 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €181 | €142 | €120 | €125 | €76 | ▼ 39.7% |
| Taxes450/3 | €181 | €142 | €120 | €125 | €76 | ▼ 39.7% |
| Other amounts payable47/48 | €1.2m | €1.3m | €1.3m | €1.3m | €1.2m | ▼ 8.2% |
| Accrued charges and deferred income492/3 | €23,070 | €30,693 | €64,716 | €41,496 | €36,981 | ▼ 10.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,927 | -€28,504 | €14,098 | -€49,041 | €313,204 | ▲ 739% |
| + Depreciation and write-downs630 | €51,008 | €42,906 | €41,966 | €34,717 | €117,471 | ▲ 238% |
| Operating cash flow (approximation) | €105,935 | €14,402 | €56,065 | -€14,324 | €430,675 | ▲ 3,107% |
| Investment in fixed assets (approximation) | - | €0 | -€6,275 | -€9,487 | €0 | ▲ 100% |
| Change in cash | - | €41,197 | €31,459 | €97,944 | €312,217 | ▲ 219% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €313,204
Net result €313,204 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €190,699
Equity rises from -€122,504 to €190,699.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €14,098
Net result €14,098 after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €54,927
Net result €54,927 after 3 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€93,107
Net result drops to -€93,107, the lowest in the series; recovery starts the following year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Hasselt · 1 establishment unit since 1992
Ground area
3,172 m²
Building footprint
139 m²
Volume, LiDAR
719 m³
Parcel 71328D0929/00H000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ECON NV
since 19922.056.236.682
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0929/00H000 | Flanders | 3,172 m² | 1 · 139 m² | 7.3 m · 2 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.
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BE 0837.478.697
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BE 0628.969.081
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Of 1,279 companies in sector 81100 we hold annual accounts for 679. 464 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446571073
Also
9925:BE0446571073
Registered
22-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.