Equity
€1.3m ▲ 53.8%
Equity rose in 2024 from €875,957 to €1.3m.
ECONAN
Lifetime
19 annual accounts with figures on one time axis, 26 filings since 1999peak €2.8m (2024)
€2.8m▲ 2.6%
lowest -€132,520 (2022)
€471,062▼ 9.9%
peak €1.3m (2024)
€1.3m▲ 53.8%
€3.8m▼ 7.1%
peak 35.9 FTE (2024)
35.9 FTE▲ 7.8%
Board4 names since 2019
2 directorsDavid Barthelemy and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
09-11-2025101 days late
2024financial year
Equity from €875,957 to €1.3m
Key points
from the 2024 annual accountsTurnover
≈ €19.0m estimated
The accounts state no turnover.
Debts
€3.8m 74% of the balance sheet
Financial debts 36%Suppliers 33%Taxes and wages 11%Other 20%
Of this, €2.6m falls due within a year.
Staff
42 employees on 31-12-2024
In 2024, 18 people joined and 12 left.
Filings
26 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€471,062
Higher net result than 90% of companies in retail trade. Sector median €32,436 · 6,482 companies.
Checked score
57
Fair
Financially stronger than 74% of small companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%▲ +0.1 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.2%▼ -0.3 percentage points vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026
10-2026: 0.6%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.5%▼ -0.1 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 14-11-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 101 days late; 2 of the last 3 accounts late
lowers risk
Founded in 1998
Liquidity: current ratio 1.13, cash €1.6m
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 47, small). It does better than 44% of them on solvency, 84% on liquidity, 78% on profitability and 91% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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, 2,613 companies had the same profile as ECONAN has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of ECONAN itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,613 companies, not a prediction for ECONAN. 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
Credit of up to €75,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is tight, with a current ratio of 1.13 (0.92 in 2023), below the usual 1.5. Short-term debt is 49.3% and cash 30.6% of total assets. 74.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 101 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: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
101 days late
2023
31 days late
2022
5 days early
2021
29 days late
2020
30 days late
2019
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 36 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0463747397
1 director appointed, 1 resignation
Change of role: BARTHELEMY David Edouard, from managing director to sole director · Resignation: MICHEL Jean-Marie Ghislain · Appointment: BARTHELEMY Adrien Jean-Pierre (alternate director) · General meeting of 27-11-2023 · Gazette deed
2 directors resigning, 2 reappointments
Resignations: David Barthelemy and Jean-Marie Michel · Reappointments: David Barthelemy and Jean-Marie Michel · General meeting of 08-04-2019 · Gazette deed
First establishment
Route du Condroz 318, Nandrin
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ECONAN Nandrin | €5.2m | €2.8m | 25.9% | 35.9 |
| DISHUY Huy | €5.4m | €2.1m | 13.1% | 35.6 |
| DISTRI-INCOURT Incourt | €4.8m | €2.8m | 63.4% | 39.9 |
| UNIC HERENT Herent | €4.9m | €2.6m | 41.9% | 42 |
| ALIWAR Waremme | €4.2m | €2.2m | 2.5% | 46.4 |
| FONVAL Aywaille | €3.6m | €3.8m | 56.0% | 41.4 |
| QUEVIM Beloeil | €6.4m | €2.6m | 13.8% | 38.6 |
These companies have the same main activity as ECONAN: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €3.6m and €6.4m, founded between 1992 and 1999.
Official details
Source: KBO- Status
- Active since 06-07-1998Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committees
- 119Food trade
- 202White-collar workers in food retail · annual accounts 2024
- Establishment unit
- 2.087.782.1714550 Nandrin, since 23-07-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 11-02-2026
Annual accounts 2024
- €5.2m▲ 3.6%
- Employeeson 31-12-2024
- 42▲ 16.7%
- Filing
- Filed on 09-11-2025
Insights on ECONAN
ECONAN has existed since 1998. The gross margin grew from €803,834 in 2006 to €2.8m in 2024 and staff from 23 to 35.9 full-time equivalents.
Solvency rose in 2024 from 17.5% to 25.9% because of the retained profit.
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 ECONAN
- What is the company number of ECONAN?
- The company number of ECONAN is 0463.747.397. The VAT number is the same number with BE in front: BE 0463.747.397.
- Where is ECONAN based?
- The registered office is at Route du Condroz 318, 4550 Nandrin.Company details
- What does ECONAN do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of ECONAN?
- ECONAN is a public limited company (NV).
- When was ECONAN founded?
- ECONAN was founded on 06-07-1998.
- Is ECONAN still active?
- Yes, ECONAN is an active enterprise in the KBO register.
- How many employees does ECONAN have?
- ECONAN had an average of 35.9 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does ECONAN fall under?
- In its 2024 annual accounts, ECONAN states joint committees 119 (Food trade) and 202 (White-collar workers in food retail).
- What is the turnover of ECONAN?
- The turnover in financial year 2024 is ≈ €19.0m. This figure is estimated from the gross margin of €2.8m and 30 comparable companies (NACE 471). It probably lies between €12.0m and €23.0m.
- Is ECONAN profitable?
- In financial year 2024, ECONAN made a profit of €471,062.
- Where can I find the annual accounts of ECONAN?
- ECONAN filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.