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ECONAN

Active
Public limited companyfounded 199828 yrs activeRoute du Condroz 318, 4550 Nandrin, BelgiumKBO/BCE: BE 0463.747.397
Summary

ECONAN has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.35M and a net result of €471k. Equity is growing by ~62.2% per year across the filed fiscal years. Its solvency ranks better than 41% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▼-2
Solvency51▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days only on tighter terms
Liquidity tight (current ratio 1.13 against 0.92 in 2023; short-term debt: 49.3% and cash: 30.6% of total assets), and 74.1% 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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 28 years 0 30 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
25.9%
Return on assets
9.1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-11-2025, 101 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
101 d late
2023
31 d late
2022
5 d early
2021
29 d late
2020
30 d late
2019
29 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 July 1998, ECONAN was incorporated.1 Total assets went from EUR 2.2 million in 2018 to EUR 5.2 million in 2024 and headcount from 22.9 to 35.9 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€471k▼ 9.9%
2023 · €523k
Working capital
€345k
2023 · €-227k
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
Line20202021202220232024
Operating result€749k▲ 563%€456k▼ 39.1%€-21k€849k€780k▼ 8.1%
Net result€521k▲ 975%€352k▼ 32.3%€-133k€523k€471k▼ 9.9%
Equity€133k€485k▲ 265%€353k▼ 27.3%€876k▲ 148%€1.35M▲ 53.8%
Total assets€2.60M▲ 21.7%€5.01M▲ 92.6%€4.39M▼ 12.3%€5.02M▲ 14.3%€5.19M▲ 3.6%
Debt€2.47M▲ 15.3%€4.52M▲ 83.3%€4.04M▼ 10.7%€4.14M▲ 2.5%€3.85M▼ 7.1%
Working capital€-411k▼ 207%€-643k▼ 56.6%€-710k▼ 10.4%€-227k▲ 68.0%€345k
Staff (FTE)23.6▼ 1.3%32.2▲ 36.4%32.1▼ 0.3%33.3▲ 3.7%35.9▲ 7.8%
Result per fiscal year
Operating resultNet result
€-250k€0€250k€500k€750kOperating result 2020: €749k€749kNet result 2020: €521k€521kOperating result 2021: €456k€456kNet result 2021: €352k€352kOperating result 2022: €-21k€-21kNet result 2022: €-133k€-133kOperating result 2023: €849k€849kNet result 2023: €523k€523kOperating result 2024: €780k€780kNet result 2024: €471k€471k20202021202220232024€-250k€0€250k€500k€750kOperating result 2022: €-21k€-21kNet result 2022: €-133k€-133kOperating result 2023: €849k€849kNet result 2023: €523k€523kOperating result 2024: €780k€780kNet result 2024: €471k€471k202220232024
The operating result falls in 2024; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.19M
Fixed assets €2.29M ▼ 3.8%
Current assets €2.90M ▲ 10.3%
Equity and liabilities €5.19M
Equity €1.35M ▲ 53.8%
Debt €3.85M ▼ 7.1%
Debt's share of the balance-sheet total falls from 82.5% to 74.1%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€1.24M▼
2023 · €1.30M
Cash flow
€931k▼
2023 · €973k
Current ratio
1.13▲
2023 · 0.92
Quick ratio
0.85▲
2023 · 0.71
Debt to equity
2.86▼
2023 · 4.73
ROE
35.0%▼
2023 · 59.7%
ROA
9.1%▼
2023 · 10.4%
Interest coverage
7.89▼
2023 · 10.38
Debt ≤ 1 year
€2.56M▼
2023 · €2.86M
Debt > 1 year
€1.26M▲
2023 · €1.24M
Income taxes
€168k▼
2023 · €191k
Staff costs
€1.50M▲
2023 · €1.41M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 64 lines
Balance sheet Code20232024
Assets
Total assets20/58€5.02M€5.19M▲
Formation expenses20€1k-
Fixed assets21/28€2.38M€2.29M▼
Tangible fixed assets22/27€2.37M€2.29M▼
Land and buildings22€1.33M€1.27M▼
Plant, machinery and equipment23€556k€690k▲
Furniture and vehicles24€483k€329k▼
Financial fixed assets28€10k€202▼
Current assets29/58€2.63M€2.90M▲
Stocks and contracts in progress3€614k€722k▲
Stocks30/36€614k€722k▲
Amounts receivable within one year40/41€352k€565k▲
Trade receivables40€199k€437k▲
Other amounts receivable41€153k€127k▼
Cash at bank and in hand54/58€1.64M€1.59M▼
Deferred charges and accrued income490/1€27k€25k▼
Equity and liabilities
Total equity and liabilities10/49€5.02M€5.19M▲
Equity10/15€876k€1.35M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€946k€946k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€936k€936k=
Profit (loss) carried forward14€-133k€339k▲
Amounts payable17/49€4.14M€3.85M▼
Amounts payable after more than one year17€1.24M€1.26M▲
Financial debts170/4€1.23M€1.26M▲
Other amounts payable178/9€4k€4k=
Amounts payable within one year42/48€2.86M€2.56M▼
Current portion of amounts payable after more than one year42€377k€448k▲
Financial debts43€159k€139k▼
Credit institutions430/8€159k€139k▼
Trade debts44€1.66M€1.28M▼
Suppliers440/4€1.66M€1.28M▼
Taxes, remuneration and social security45€354k€415k▲
Taxes450/3€193k€203k▲
Remuneration and social security454/9€161k€213k▲
Other amounts payable47/48€307k€279k▼
Accrued charges and deferred income492/3€43k€25k▼
Income statement Code20232024
Non-recurring operating income76A€1k€6k▲
Remuneration, social security and pensions62€1.41M€1.50M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€450k€460k▲
Other operating charges640/8€55k€90k▲
Non-recurring operating charges66A€4k€9k▲
Gross operating margin9900€2.77M€2.84M▲
Operating profit (loss)9901€849k€780k▼
Financial income75/76B€705€27k▲
Recurring financial income75€705€14k▲
Non-recurring financial income76B-€14k
Financial charges65/66B€136k€168k▲
Recurring financial charges65€125k€157k▲
Non-recurring financial charges66B€10k€11k▲
Profit (loss) for the period before taxes9903€714k€639k▼
Income taxes67/77€191k€168k▼
Profit (loss) for the period9904€523k€471k▼
Profit (loss) for the period to be appropriated9905€523k€471k▼
Appropriation of the result
Profit (loss) to be appropriated9906€390k€339k▼
Profit (loss) brought forward from the previous period14P€-133k€-133k=
Transfer to equity691/2€523k-
To other reserves6921€523k-
Social balance
Average headcount (FTE)908733.335.9▲

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A--€22k€1k€6k▲ 469%
Remuneration, social security and pensions62-€1.02M€1.26M€1.41M€1.50M▲ 6.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€146k€292k€505k€450k€460k▲ 2.3%
Other operating charges640/8-€42k€56k€55k€90k▲ 63.3%
Non-recurring operating charges66A-€12k€10k€4k€9k▲ 110%
Gross operating margin9900€1.74M€1.82M€1.81M€2.77M€2.84M▲ 2.6%
Operating profit (loss)9901€749k€456k€-21k€849k€780k▼ 8.1%
Financial income75/76B-€1k€223€705€27k▲ 3,771%
Recurring financial income75€13k€1k€223€705€14k▲ 1,830%
Non-recurring financial income76B----€14k-
Financial charges65/66B-€76k€111k€136k€168k▲ 24.2%
Recurring financial charges65€72k€76k€107k€125k€157k▲ 25.6%
Non-recurring financial charges66B--€4k€10k€11k▲ 7.8%
Profit (loss) for the period before taxes9903€689k€381k€-132k€714k€639k▼ 10.5%
Income taxes67/77€168k€28k€856€191k€168k▼ 12.2%
Profit (loss) for the period9904€521k€352k€-133k€523k€471k▼ 9.9%
Profit (loss) for the period to be appropriated9905€521k€352k€-133k€523k€471k▼ 9.9%
Line20202021202220232024Change
Assets
Total assets20/58€2.60M€5.01M€4.39M€5.02M€5.19M▲ 3.6%
Formation expenses20-€64k-€1k--
Fixed assets21/28€1.25M€3.08M€2.74M€2.38M€2.29M▼ 3.8%
Tangible fixed assets22/27€1.25M€3.08M€2.74M€2.37M€2.29M▼ 3.4%
Land and buildings22-€1.51M€1.45M€1.33M€1.27M▼ 4.7%
Plant, machinery and equipment23-€751k€661k€556k€690k▲ 24.2%
Furniture and vehicles24-€815k€635k€483k€329k▼ 31.8%
Financial fixed assets28€2k€202€202€10k€202▼ 97.9%
Current assets29/58€1.35M€1.86M€1.65M€2.63M€2.90M▲ 10.3%
Stocks and contracts in progress3€427k€528k€560k€614k€722k▲ 17.6%
Stocks30/36-€528k€560k€614k€722k▲ 17.6%
Amounts receivable within one year40/41€215k€734k€510k€352k€565k▲ 60.3%
Trade receivables40-€309k€240k€199k€437k▲ 120%
Other amounts receivable41-€425k€270k€153k€127k▼ 16.9%
Cash at bank and in hand54/58€679k€581k€545k€1.64M€1.59M▼ 2.9%
Deferred charges and accrued income490/1-€21k€32k€27k€25k▼ 6.0%
Equity and liabilities
Total equity and liabilities10/49€2.60M€5.01M€4.39M€5.02M€5.19M▲ 3.6%
Equity10/15€133k€485k€353k€876k€1.35M▲ 53.8%
Contributions10/11€62k€62k€62k€62k€62k=
Capital10-€62k€62k€62k€62k=
Issued capital100-€62k€62k€62k€62k=
Reserves13€71k€423k€423k€946k€946k=
Non-distributable reserves130/1-€6k€6k€6k€6k=
Legal reserve130-€6k€6k€6k€6k=
Tax-exempt reserves132-€5k€5k€5k€5k=
Distributable reserves133-€413k€413k€936k€936k=
Profit (loss) carried forward14€-120k-€-133k€-133k€339k▲ 355%
Amounts payable17/49€2.47M€4.52M€4.04M€4.14M€3.85M▼ 7.1%
Amounts payable after more than one year17€706k€1.96M€1.58M€1.24M€1.26M▲ 2.2%
Financial debts170/4-€1.77M€1.50M€1.23M€1.26M▲ 2.2%
Trade debts175-€186k€75k---
Other amounts payable178/9-€4k€4k€4k€4k=
Amounts payable within one year42/48€1.76M€2.51M€2.36M€2.86M€2.56M▼ 10.6%
Current portion of amounts payable after more than one year42-€529k€479k€377k€448k▲ 18.9%
Financial debts43-€420k€252k€159k€139k▼ 12.7%
Credit institutions430/8-€420k€252k€159k€139k▼ 12.7%
Trade debts44€1.01M€1.41M€1.14M€1.66M€1.28M▼ 23.2%
Suppliers440/4-€1.41M€1.14M€1.66M€1.28M▼ 23.2%
Taxes, remuneration and social security45-€150k€137k€354k€415k▲ 17.3%
Taxes450/3-€28k€856€193k€203k▲ 5.2%
Remuneration and social security454/9-€122k€136k€161k€213k▲ 31.7%
Other amounts payable47/48--€347k€307k€279k▼ 9.2%
Accrued charges and deferred income492/3-€51k€100k€43k€25k▼ 41.6%
Line20202021202220232024Change
Profit (loss) for the period9904€521k€352k€-133k€523k€471k▼ 9.9%
+ Depreciation and write-downs630€146k€292k€505k€450k€460k▲ 2.3%
Operating cash flow (approximation)€667k€645k€372k€973k€931k▼ 4.3%
Investment in fixed assets (approximation)-€-2.12M€-168k€-89k€-369k▼ 313%
Change in cash-€-98k€-36k€1.10M€-48k▼ 104%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
09-11
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 101 days late
2024
31-12
Financial Equity above €1MEq €1.35M ▲53.8%
2 profitable years in a row build equity to €1.35M.
31-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial Back to profitnet €523k
Net result €523k after one loss-making year.
31-12
Financial Equity above €500kEq €876k ▲148%
Equity rises from €353k to €876k.
26-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet €-133k
Net result drops to €-133k, the lowest in the series; recovery starts the following year.
29-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial Equity above €200kEq €485k ▲265%
4 profitable years in a row build equity to €485k.
30-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial Equity above €100kEq €133k
3 profitable years in a row build equity to €133k.
29-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 29 days late
Show earlier events
2019
12-04
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
04-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Nandrin · 1 establishment unit since 1998
seat establishment The establishment unit on the map
Ground area
4,633 m²
Building footprint
2,117 m²
Parcel 61043B0017/00Z000, Wallonia. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Route du Condroz 318, 4550 Nandrin
NACE 52114
since 19982.087.782.171
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
61043B0017/00Z000 Wallonia 4,633 m² 1 · 2,117 m² -
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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Nandrin2.087.782.171
4 permissions
Toelating · Viswinkel · since 05-11-2020
Toelating · Vleeswinkel · since 07-05-2009
Toelating · Bakkerij · since 01-01-2006
and 1 more

Similar companies · same sector, comparable size

Of 10,506 companies in sector 47110 we hold annual accounts for 5,849. 1,921 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
Founded06-07-1998
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating

Scores and ratios are computed by Checked and are not a credit decision.