ECONAT
ActiveSummary
ECONAT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€229,123) and a net result of -€5,169. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+50
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 898.8% and cash: 7.1% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-799%
Return on assets
-18%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€229,123
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
27 d late
2023
7 d early
2022
31 d late
2021
25 d late
2020
1 d early
2019
82 d late
← 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 26 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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. Usually files around 25 August (4 of the last 5 filed years within 30 days of that day).
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, micro schema
Equity
-€229,123▼ 2.3%
2024 · -€223,955
Total assets
€28,677▲ 3.9%
2024 · €27,598
Net result
-€5,169▲ 52.4%
2024 · -€10,849
Working capital
-€251,356▼ 2.8%
2024 · -€244,587
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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-€9,115▲ 1.1%-€10,986▼ 20.5%-€2,510▲ 77.2%-€10,717▼ 327%-€5,035▲ 53.0%
Net result-€9,231below the sector's middle half▲ 1.0%-€11,098below the sector's middle half▼ 20.2%-€2,618within the sector's middle half▲ 76.4%-€10,849below the sector's middle half▼ 314%-€5,169within the sector's middle half▲ 52.4%
Equity-€199,390below the sector's middle half▼ 4.9%-€210,488below the sector's middle half▼ 5.6%-€213,106below the sector's middle half▼ 1.2%-€223,955below the sector's middle half▼ 5.1%-€229,123below the sector's middle half▼ 2.3%
Total assets€19,755below the sector's middle half▼ 10.6%€13,687below the sector's middle half▼ 30.7%€15,242below the sector's middle half▲ 11.4%€27,598below the sector's middle half▲ 81.1%€28,677below the sector's middle half▲ 3.9%
Debt€219,145▲ 3.2%€224,175▲ 2.3%€228,348▲ 1.9%€251,553▲ 10.2%€257,800▲ 2.5%
Working capital-€214,903below the sector's middle half▼ 4.5%-€221,662below the sector's middle half▼ 3.1%-€223,551below the sector's middle half▼ 0.9%-€244,587below the sector's middle half▼ 9.4%-€251,356below the sector's middle half▼ 2.8%
Solvency-811.5%below the sector's middle half-799.0%below the sector's middle half▲ 12.5pp
Current ratio0.02below the sector's middle half▼ 0.010.01below the sector's middle half▼ 0.010.02below the sector's middle half▲ 0.010.03below the sector's middle half▲ 0.010.02below the sector's middle half=
Return on assets (ROA)-46.7%below the sector's middle half▼ 4.5pp-81.1%below the sector's middle half▼ 34.4pp-17.2%below the sector's middle half▲ 63.9pp-39.3%below the sector's middle half▼ 22.1pp-18.0%below the sector's middle half▲ 21.3pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,035 in 2025 against €10,717 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28,677
Fixed assets
€22,299 ▲ 8.1%
Current assets
€6,377 ▼ 8.4%
Key figures and ratios
EBITDA
€1,562▲
2024 · -€6,494
Cash flow
€1,429▲
2024 · -€6,626
Debt to equity
-1.13▼
2024 · -1.12
Interest coverage
25.51▲
2024 · -110.07
Debt ≤ 1 year
€257,733▲
2024 · €251,553
Income taxes
€76▲
2024 · €74
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,639 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,807 | €5,195 | €2,643 | €4,222 | €6,597 | ▲ 56.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,031 | -€1,031 | ▼ 200% |
| Other operating charges640/8 | €876 | €847 | €0 | €836 | €1,764 | ▲ 111% |
| Non-recurring operating charges66A | - | - | - | €2,539 | €0 | ▼ 100% |
| Gross operating margin9900 | -€3,433 | -€4,944 | €133 | -€2,088 | €2,295 | ▲ 210% |
| Operating profit (loss)9901 | -€9,115 | -€10,986 | -€2,510 | -€10,717 | -€5,035 | ▲ 53.0% |
| Financial income75/76B | - | - | €1 | €1 | €4 | ▲ 184% |
| Recurring financial income75 | - | - | €1 | €1 | €4 | ▲ 184% |
| Financial charges65/66B | €53 | €49 | €39 | €59 | €61 | ▲ 3.8% |
| Recurring financial charges65 | €53 | €49 | €39 | €59 | €61 | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | -€9,169 | -€11,035 | -€2,548 | -€10,775 | -€5,093 | ▲ 52.7% |
| Income taxes67/77 | €62 | €64 | €70 | €74 | €76 | ▲ 2.5% |
| Profit (loss) for the period9904 | -€9,231 | -€11,098 | -€2,618 | -€10,849 | -€5,169 | ▲ 52.4% |
| Profit (loss) for the period to be appropriated9905 | -€9,231 | -€11,098 | -€2,618 | -€10,849 | -€5,169 | ▲ 52.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,755 | €13,687 | €15,242 | €27,598 | €28,677 | ▲ 3.9% |
| Fixed assets21/28 | €15,513 | €11,174 | €10,445 | €20,632 | €22,299 | ▲ 8.1% |
| Tangible fixed assets22/27 | €15,513 | €11,174 | €10,445 | €20,632 | €22,299 | ▲ 8.1% |
| Land and buildings22 | €6,463 | €5,667 | €4,972 | €4,958 | €4,958 | = |
| Plant, machinery and equipment23 | €9,050 | €5,507 | €4,468 | €3,076 | €9,966 | ▲ 224% |
| Furniture and vehicles24 | - | - | €1,005 | €12,598 | €7,376 | ▼ 41.5% |
| Current assets29/58 | €4,242 | €2,513 | €4,797 | €6,966 | €6,377 | ▼ 8.4% |
| Stocks and contracts in progress3 | €292 | €381 | €1,031 | €0 | - | - |
| Stocks30/36 | €292 | €381 | €1,031 | €0 | - | - |
| Amounts receivable within one year40/41 | €1,960 | €803 | €1,185 | €1,622 | €3,869 | ▲ 138% |
| Trade receivables40 | €1,644 | €0 | €265 | €1,254 | €3,869 | ▲ 209% |
| Other amounts receivable41 | €315 | €803 | €920 | €368 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €1,991 | €1,329 | €2,581 | €5,344 | €2,046 | ▼ 61.7% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | €462 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,755 | €13,687 | €15,242 | €27,598 | €28,677 | ▲ 3.9% |
| Equity10/15 | -€199,390 | -€210,488 | -€213,106 | -€223,955 | -€229,123 | ▼ 2.3% |
| Contributions10/11 | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Profit (loss) carried forward14 | -€236,574 | -€247,672 | -€250,290 | -€261,139 | -€266,307 | ▼ 2.0% |
| Amounts payable17/49 | €219,145 | €224,175 | €228,348 | €251,553 | €257,800 | ▲ 2.5% |
| Amounts payable within one year42/48 | €219,145 | €224,175 | €228,348 | €251,553 | €257,733 | ▲ 2.5% |
| Trade debts44 | €1,280 | €1,623 | €3,320 | €5,929 | €1,352 | ▼ 77.2% |
| Suppliers440/4 | €1,280 | €1,623 | €3,320 | €5,929 | €1,352 | ▼ 77.2% |
| Taxes, remuneration and social security45 | €62 | €126 | €133 | €221 | €860 | ▲ 290% |
| Taxes450/3 | €62 | €126 | €133 | €221 | €860 | ▲ 290% |
| Other amounts payable47/48 | €217,803 | €222,427 | €224,894 | €245,403 | €255,521 | ▲ 4.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €67 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,231 | -€11,098 | -€2,618 | -€10,849 | -€5,169 | ▲ 52.4% |
| + Depreciation and write-downs630 | €4,807 | €5,195 | €2,643 | €4,222 | €6,597 | ▲ 56.2% |
| Operating cash flow (approximation) | -€4,424 | -€5,904 | €25 | -€6,626 | €1,429 | ▲ 122% |
| Investment in fixed assets (approximation) | - | -€856 | -€1,914 | -€14,410 | -€8,264 | ▲ 42.6% |
| Change in cash | - | -€662 | €1,252 | €2,762 | -€3,297 | ▼ 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Etalle · 1 establishment unit since 1998
Ground area
151 m²
Building footprint
150 m²
Parcel 85041B0194/00_000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des Cerisiers,Vance 22, 6741 Etalle
since 19982.087.259.757
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85041B0194/00_000 | Wallonia | 151 m² | 1 · 149 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-06-1998
Fiscal year end31-12
Activities, NACEBEL 2025
01610Support activities for crop production
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463520141
Also
9925:BE0463520141
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.