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ECONGLAS

Active
Private limited company (pre-2019)founded 1990active for 36 yearsExcelsiorlaan 36-38, 1930 Zaventem, Belgium43 active companies are registered at this addressKBO/BCE: BE 0440.332.290
Summary

The computed 12-month bankruptcy probability of ECONGLAS is 8.1% (elevated). The 2024 annual accounts show equity of €169,887 and a net result of €42,527. Equity is shrinking by about 10% per year across the filed financial years. Its solvency ranks better than 26% of 7,407 sector peers (NACE 43, financial year 2024). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Joinery installation
NACE 43320Wholesale trade NACE 46834
1 site
Size
€675,622total assets 2024
Staff
7 FTE
Equity
€169,887
Profit
€42,527
Turnover not published (abbreviated format)
Financial health
33 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
8.1%
Structure
Parent
SOLVER SOLUTIONS · 100%
Accounts 78 days overdue1 of 5 deeds read
Why 33raises riskFigures for financial year 2024 (filed 09-10-2025)1 change of registered office in 24 monthsLiquidity: current ratio 1.07, cash €2,995, halvedlowers riskFounded in 1990Show the evidence

Checked score

Score 2024
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 36% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Weak
Solvency 50+8
equity 25.1% of total assets
Liquidity 18=
short-term debt 62.5% · cash 0.4%
Profitability 63+63
return on assets 6.3%
Bankruptcy probability, 12 months
8.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,562 companies, NACE 43, micro)
Last 24 months 11-2024: 6.6% 12-2024: 6.6%● unchanged vs 11-2024 01-2025: 6.6%● unchanged vs 12-2024 02-2025: 6.6%● unchanged vs 01-2025 03-2025: 6.4%▼ -0.2 percentage points vs 02-2025 04-2025: 6.4%● unchanged vs 03-2025 05-2025: 6.2%▼ -0.2 percentage points vs 04-2025 06-2025: 5.9%▼ -0.3 percentage points vs 05-2025 07-2025: 6.2%▲ +0.3 percentage points vs 06-2025 08-2025: 6.8%▲ +0.6 percentage points vs 07-2025 09-2025: 6.8%● unchanged vs 08-2025 10-2025: 7.0%▲ +0.2 percentage points vs 09-2025 11-2025: 2.2%▼ -4.8 percentage points vs 10-2025lowest value 12-2025: 4.0%▲ +1.8 percentage points vs 11-2025 01-2026: 4.0%● unchanged vs 12-2025 02-2026: 4.0%● unchanged vs 01-2026 03-2026: 3.9%▼ -0.1 percentage points vs 02-2026 04-2026: 4.0%▲ +0.1 percentage points vs 03-2026 05-2026: 4.2%▲ +0.2 percentage points vs 04-2026 06-2026: 4.0%▼ -0.2 percentage points vs 05-2026 07-2026: 4.1%▲ +0.1 percentage points vs 06-2026 08-2026: 5.1%▲ +1.0 percentage point vs 07-2026 09-2026: 6.2%▲ +1.1 percentage points vs 08-2026 10-2026: 8.1%▲ +1.9 percentage points vs 09-2026highest value
Credit of up to €5,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.07, compared with 0.98 in 2023, below the usual 1.5; short-term debt: 62.5% and cash: 0.4% of total assets), and 74.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 27% on solvency, 10% on liquidity, 30% on profitability and 77% on growth.

The bankruptcy probability was computed on 16-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 09-10-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Founded in 1990
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.07, cash €2,995, halved
NBB · annual accounts
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, 78 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline17-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 10 filings
Deviation from the deadline
2025
not filed
2024
70 days late
2023
61 days late
2022
43 days late
2021
2 days early
2020
19 days late
2019
46 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 24 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeRegistered-office move
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Back to profitnet €42,527

Key points

  • Positive: Back in profit in 2024after -€128,003 in 2023 €42,527 View
  • Caution: Accounts not fileddeadline was 31-07-2026 78 days late View
  • Controlled by SOLVER SOLUTIONS 100% View

By topic

Financials

Financial year
2024
Total assets
€675,622
Profit
€42,527
Solvency
25.1%
Total assets▼ 7.9%
Net result
20182024
Go to Financials

Timeline

Events
39
Since
1993
  1. 31-12-2024Equity above €150,000
  2. 30-09-2024Annual accounts filed
  3. 31-12-2023Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Joinery installationNACE 43320
Founded
02-04-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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