Public limited company · founded 1987 · 39 yrs activeMarsveldplein 5, 1050 Elsene, BelgiumKBO/BCE: BE 0432.093.428
Summary
ECONOCOM MANAGED SERVICES has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10.3m and a net result of €523,118. Equity is growing by ~5.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2024
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability36▲+11
Solvency62▲+6
Growth47▼-2
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.3%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550,000 at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.56 in 2023; short-term debt: 51.3% and cash: 0% of total assets), but 62.6% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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 26 June (5 of the last 5 filed years within 30 days of that day).
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
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
ECONOCOM MANAGED SERVICES was incorporated on 24 September 1987.1Between 2004 and 2021 the company absorbed 4 companies by merger, including Centix and ECONOCOM BELGIUM.234The registered office moved to Brussel in 2010 and to Bruxelles in 2011.56Between 2011 and 2021 the capital was increased 4 times, most recently to EUR 9.8 million.784The board currently has 5 members; Chantal De Vrieze has served longest, since 2019.9Revenue fell from EUR 60 million in 2021 to EUR 52 million in 2024 and headcount from 236 to 209 full-time equivalents.10
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Net result-€2.7mbelow the sector's middle half▲ 43.5%€2.6mabove the sector's middle half€730,659above the sector's middle half▼ 72.4%€228,903above the sector's middle half▼ 68.7%€523,118above the sector's middle half▲ 129%
Equity€5.1mabove the sector's middle half▼ 34.8%€8.8mabove the sector's middle half▲ 72.4%€9.6mabove the sector's middle half▲ 8.3%€9.8mabove the sector's middle half▲ 2.4%€10.3mabove the sector's middle half▲ 5.3%
Total assets€29.9mabove the sector's middle half▲ 2.4%€34.4mabove the sector's middle half▲ 15.3%€32.8mabove the sector's middle half▼ 4.8%€31.3mabove the sector's middle half▼ 4.5%€27.6mabove the sector's middle half▼ 11.7%
Working capital€5.5mabove the sector's middle half▼ 32.6%€10.6mabove the sector's middle half▲ 93.9%€10.4mabove the sector's middle half▼ 1.9%€10.5mabove the sector's middle half▲ 1.3%€11.7mabove the sector's middle half▲ 11.0%
Solvency17.2%below the sector's middle half▼ 9.8pp25.7%within the sector's middle half▲ 8.5pp29.2%within the sector's middle half▲ 3.5pp31.3%within the sector's middle half▲ 2.1pp37.4%within the sector's middle half▲ 6.0pp
Current ratio1.25within the sector's middle half▼ 0.191.50within the sector's middle half▲ 0.251.52within the sector's middle half▲ 0.021.56within the sector's middle half▲ 0.051.82within the sector's middle half▲ 0.26
Return on assets (ROA)-9.2%below the sector's middle half▲ 7.5pp7.7%within the sector's middle half▲ 16.9pp2.2%within the sector's middle half▼ 5.5pp0.7%within the sector's middle half▼ 1.5pp1.9%within the sector's middle half▲ 1.2pp
Staff (FTE)227.7above the sector's middle half▼ 8.1%235.8above the sector's middle half▲ 3.6%218.4above the sector's middle half▼ 7.4%214.7above the sector's middle half▼ 1.7%208.8above the sector's middle half▼ 2.7%
abovewithinbelowthe middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
2022Net result -72% on 2021.Merger absorbing ECONOCOM BELGIUM, Official Gazette 15-10-2021, in the previous fiscal year; now counts for a full year for the first time.
2021Equity +72% on 2020.Merger absorbing ECONOCOM BELGIUM, Official Gazette 15-10-2021.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €83,167 after a loss of €178,697 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €27.6m
6%
93.6%
Fixed assets€1.8m ▼ 15.2%
Current assets€25.9m ▼ 11.5%
Equity and liabilities €27.6m
37.4%
59.5%
Equity€10.3m ▲ 5.3%
Provisions€856,215 ▲ 19.3%
Debt€16.5m ▼ 20.8%
Debt's share of the balance-sheet total falls from 66.4% to 59.5%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€452,862▲
2023 · €190,866
Cash flow
€892,814▲
2023 · €598,466
Quick ratio
1.81▲
2023 · 1.55
Debt to equity
1.59▼
2023 · 2.12
ROE
5.1%▲
2023 · 2.3%
Interest coverage
2.52▲
2023 · 0.93
Debt ≤ 1 year
€14.2m▼
2023 · €18.7m
Income taxes
-€14,237▼
2023 · €11,911
Staff costs
€18.2m▼
2023 · €19.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
Medium-sized
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet
0.1%went bankrupt
2.0%stopped otherwise
98%still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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%.
The companies in ten equal groups, from lowest to highest expected share.
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 1,860 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
Filed annual accountsAs filed with the NBB · 2024 against 2023 · 78 lines
Balance sheetCode20232024
Assets
Total assets20/58€31.3m€27.6m▼
Fixed assets21/28€2.1m€1.8m▼
Intangible fixed assets21€242,671€156,801▼
Tangible fixed assets22/27€1.8m€1.6m▼
Land and buildings22€695,903€695,903=
Plant, machinery and equipment23€56,076€31,300▼
Furniture and vehicles24€179,202€165,083▼
Other tangible fixed assets26€865,888€672,251▼
Financial fixed assets28€56,508€56,200▼
Affiliated companies280/1€233-
Participating interests280€233-
Other financial fixed assets284/8€56,275€56,200▼
Amounts receivable and cash guarantees285/8€56,275€56,200▼
Current assets29/58€29.2m€25.9m▼
Stocks and contracts in progress3€219,238€174,072▼
Stocks30/36€219,238€174,072▼
Goods purchased for resale34€219,238€174,072▼
Amounts receivable within one year40/41€26.9m€24.9m▼
Trade receivables40€6.3m€6.8m▲
Other amounts receivable41€20.6m€18.1m▼
Cash at bank and in hand54/58€1.4m€603▼
Deferred charges and accrued income490/1€686,254€824,362▲
Equity and liabilities
Total equity and liabilities10/49€31.3m€27.6m▼
Equity10/15€9.8m€10.3m▲
Contributions10/11€9.8m€9.8m=
Capital10€9.8m€9.8m=
Issued capital100€9.8m€9.8m=
Reserves13€3.6m€3.6m=
Non-distributable reserves130/1€3.2m€3.2m=
Legal reserve130€3.2m€3.2m=
Distributable reserves133€432,950€432,950=
Profit (loss) carried forward14-€3.6m-€3.1m▲
Provisions and deferred taxes16€717,421€856,215▲
Provisions for liabilities and charges160/5€717,421€856,215▲
Pensions and similar obligations160€673,421€781,215▲
Other liabilities and charges164/5€44,000€75,000▲
Amounts payable17/49€20.8m€16.5m▼
Amounts payable within one year42/48€18.7m€14.2m▼
Trade debts44€14.1m€10.3m▼
Suppliers440/4€14.1m€10.3m▼
Taxes, remuneration and social security45€4.6m€3.9m▼
Taxes450/3€688,596€583,389▼
Remuneration and social security454/9€3.9m€3.3m▼
Other amounts payable47/48€198-
Accrued charges and deferred income492/3€2.1m€2.3m▲
Income statementCode20232024
Operating income70/76A€61.9m€56.9m▼
Turnover70€56.7m€51.7m▼
Other operating income74€5.1m€5.2m▲
Operating charges60/66A€62.1m€56.8m▼
Goods for resale, raw materials and consumables60€33.0m€28.7m▼
Purchases600/8€33.0m€28.7m▼
Change in stocks: decrease (increase)609-€58,774€50,852▲
Services and other goods61€9.1m€9.1m▼
Remuneration, social security and pensions62€19.1m€18.2m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€369,564€369,696=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€88,741-€5,687▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€67,786€138,794▲
Asset transfer, cession de certains actifs du fonds de commerce 'Ecopack' (stock, bail, équipements, transfert de 55 personnes sous CCT32bis), avec effet au 1er novembre 2015 a…
2015
30-11
State Gazette actResignations: Jean-Maurice Fritsch (director) and Philippe-Hervé Hoffman (director)
Appointment: Bruno Lemaistre (director) · Director discharge7 facts ▸
General meeting, 01/09/2015
Director resignation, Jean-Maurice Fritsch (director)
Director discharge, Jean-Maurice Fritsch
Director resignation, Philippe-Hervé Hoffman (director)
Director resignation, Philippe-Hervé Hoffman (managing director)
Director discharge, Philippe-Hervé Hoffman
Director appointment, Bruno Lemaistre (director)
13-11
State Gazette actAppointments: Bruno Lemaistre (chair of the board) and Bruno Ronsse (managing director)
3 facts ▸
Board meeting, 01/09/2015
Director appointment, Bruno Lemaistre (chair of the board)
Director appointment, Bruno Ronsse (managing director)
10-08
State Gazette actAppointments: Bruno Ronsse (director) and Ariane Van Der Haegen (director)
3 facts ▸
General meeting, 01/06/2015
Director appointment, Bruno Ronsse (director)
Director appointment, Ariane Van Der Haegen (director)
26-05
State Gazette actResignations & appointments
Power of attorney3 facts ▸
Board meeting, 30/03/2015
Power of attorney, Ariane van der Haegen
Power of attorney, Yvon Fischer
26-05
State Gazette actResignations: Didier Bertho (director) and Marcus Meul (director)
3 facts ▸
Board meeting, 02/02/2015
Director resignation, Didier Bertho (director)
Director resignation, Marcus Meul (director)
26-05
State Gazette actResignation: Yvon Fischer (director)
2 facts ▸
Board meeting, 24/04/2015
Director resignation, Yvon Fischer (director)
26-05
State Gazette actAppointment: Philippe-Hervé Hoffman (chair of the board)
2 facts ▸
Board meeting, 12/03/2015
Director appointment, Philippe-Hervé Hoffman (chair of the board)
08-05
State Gazette actAppointment: Philippe-Herve HOFFMAN (managing director)
2 facts ▸
Board meeting, 03/11/2014
Director appointment, Philippe-Herve HOFFMAN (managing director)
13-04
State Gazette actMiscellaneous
Merger2 facts ▸
Board meeting, 03/11/2014
Merger
03-04
State Gazette actResignation: Chantal De Vrieze (director and chair of the board)
Director discharge3 facts ▸
General meeting, 30/01/2015
Director resignation, Chantal De Vrieze (director and chair of the board)
Director discharge, Chantal De Vrieze (director and chair of the board)
Purpose change, La société a pour objet, seule ou en collaboration avec des tiers, tant en Belgique qu'à l'étranger: - les activités dans le secteur informatique dans le sens l…
Statutes amendment
Statutes amendment
Statutes amendment
03-02
State Gazette actResignation: Christophe Vanmalleghem (director)
3 facts ▸
General meeting, 15/12/2014
Director resignation, Christophe Vanmalleghem (director)
Director resignation, Christophe Vanmalleghem (managing director)
2014
02-12
State Gazette actResignation: Luc De Clerck (director)
Appointments: Jean-Maurice Fritsch (director) and Philippe-Hervé Hoffman (director)4 facts ▸
General meeting, 17/10/2014
Director resignation, Luc De Clerck (director)
Director appointment, Jean-Maurice Fritsch (director)
Director appointment, Philippe-Hervé Hoffman (director)
21-11
State Gazette actRestructuring
Merger · Net-asset statement · Capital13 facts ▸
Board meeting, 03/11/2014
Board meeting, 03/11/2014
Merger, absorption
Net-asset statement, 31/12/2013
Net-asset statement, 31/12/2013
Capital, €31.000.000
Capital, €424.850
Capital increase, €424.850
Accounting effect, 01/01/2014
Exchange ratio, 76.3164
Cash consideration, 0
Shareholder, Econocom Group
+1 further facts in this act
27-08
State Gazette actResignations: Christophe Vanmalleghem (chair of the board) and Luc De Clerck (director and managing director)
Appointments: Chantal De Vrieze (chair of the board) and Christophe Vanmalleghem (director)6 facts ▸
Board meeting, 09/06/2014
Director resignation, Christophe Vanmalleghem (chair of the board)
Director appointment, Chantal De Vrieze (chair of the board)
Director resignation, Luc De Clerck (director and managing director)
Director appointment, Christophe Vanmalleghem (director)
Director appointment, Christophe Vanmalleghem (managing director)
17-07
State Gazette actPermanent representatives: Damien Walgrave and Emmanuèle Attout
Reappointment: Chantal De Vrieze (director)4 facts ▸
General meeting, 21/05/2014
Permanent representative, Damien Walgrave
Permanent representative, Emmanuèle Attout
Director reappointment, Chantal De Vrieze (director)
18-03
State Gazette actResignations: Benoît Rousseaux (director) and Jos Van Der Weerden (director)
Appointments: Luc De Clerck (director) and Yvon Fischer (director)7 facts ▸
General meeting, 30/01/2014
Board meeting, 30/01/2014
Director resignation, Benoît Rousseaux (director)
Director resignation, Jos Van Der Weerden (director)
Director appointment, Luc De Clerck (director)
Director appointment, Yvon Fischer (director)
Director appointment, Luc De Clerck (managing director)
2013
19-07
State Gazette actResignations & appointments
Power of attorney3 facts ▸
Board meeting, 02/05/2013
Power of attorney, Nathalie Ullens
Power of attorney, Yvon Fischer
03-07
State Gazette actAppointment: PriceWaterhouseCoopers Réviseurs d'Entreprises sccrl (commissaire reviseur)
Reappointments: Eric Philippart, Christophe Vanmalleghem and Jos Van Der Weerden5 facts ▸
State Gazette actCapital & shares · Statutes amendment
Capital increase · Share issue · Capital7 facts ▸
General meeting, 28 december 2010
Capital increase, €30.000.000
Share issue, gewone aandelen op naam, 1.200.000
Capital, €31.000.000
Power of attorney, Stéphanie Ernaelsteen
Power of attorney, Catherine Lelong
Power of attorney, ECONOCOM MANAGED SERVICES SA/NV
31-01
State Gazette actRegistered office
Registered-office move2 facts ▸
Board meeting, 08/12/2010
Registered-office move, 34 boulevard de la Woluwe à 1200 Bruxelles
2010
29-11
State Gazette actResignations & appointments · Miscellaneous
General meeting1 fact ▸
General meeting, 25/10/2010
16-11
State Gazette actResignations & appointments
Power of attorney3 facts ▸
Board meeting, 19/10/2010
Power of attorney, Lex Erades
Power of attorney, Lex Erades
20-10
State Gazette actPurpose · Statutes amendment
Purpose change · Registered-office move · Power of attorney4 facts ▸
General meeting, 30/09/2010
Purpose change, De vergadering beslist de tweede gedachtestreep van de eerste paragraaf door de volgende tekst te vervangen: 'de aankoop, de verkoop, de verhuur, de levering va…
Director appointment, Christophe Vanmalleghem (director)
2008
24-11
State Gazette actRestructuring · Miscellaneous
Merger1 fact ▸
Merger, absorption
2004
23-08
State Gazette actRestructuring
Merger · Accounting effect · Dissolution5 facts ▸
Merger, absorption, overdracht van gehele vermogen
Accounting effect, 01/01/2004
Dissolution, 27-07-2004
Statutes amendment
Share concentration
23-08
State Gazette actCapital & shares · Statutes amendment · Restructuring
Appointments: Marcus Cyrillus Florent MEUL (director) and Jan Maarten WILLEMS (director) · Merger · Name change8 facts ▸
Merger, 27/07/2004
Name change, ECONOCOM MANAGED SERVICES SA/NV
Statutes amendment
Director appointment, Marcus Cyrillus Florent MEUL (director)
Director appointment, Jan Maarten WILLEMS (director)
Dissolution, 27-07-2004
Share consolidation, ja
Number of directors, 8
21-06
State Gazette actRestructuring · Miscellaneous
Merger1 fact ▸
Merger
21-06
State Gazette actRestructuring · Miscellaneous
Merger1 fact ▸
Merger
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.An act published in both Dutch and French appears here once.
85 of 87 acts read
About the unread acts
Of the 87 Belgian State Gazette acts we know for this company, 85 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
5 directors, 3 in day-to-day management, last change in 2025
Statutory auditor · since 26-07-2024 · perm. rep.: Christian Schmetz
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 87 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Brixtonlaan 22-24, 1930 ZaventemScientific research and development
since 19872.032.149.901
ECONOCOM MANAGED SERVICES
Leuvensesteenweg 510, 1930 ZaventemNACE 72500
since 20052.151.031.319
ECONOCOM MANAGED SERVICES
Marsveldplein 5, 1050 ElseneNACE 72500
since 20052.151.031.418
3 parcels
Flanders2(66.7%)Brussels1(33.3%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
23772B0176/00W000
Flanders
7,331 m²
1 · 3,072 m²
8.3 m · 2 fl.
23772C0379/00L000
Flanders
7,036 m²
1 · 1,631 m²
9.2 m · 2 fl.
21009A0769/00S002
Brussels
3,724 m²
1 · 1,306 m²
99.0 m · 27 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
De vennootschap heeft tot doel, alleen of in samenwerking met derden, zowel in België, als in het buitenland: -de activiteiten in de informaticasector, in de ruimste zin van dat…
Full purpose
De vennootschap heeft tot doel, alleen of in samenwerking met derden, zowel in België, als in het buitenland: -de activiteiten in de informaticasector, in de ruimste zin van dat woord; ... [full text of Article 3]
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2023 annual accounts of ECONOCOM MANAGED SERVICES and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
6 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
15-10-2021Capital increase of 261,290 EUR · to 9,816,040 EUR
14-06-2018Capital reduction of 21,870,100 EUR · to 9,554,750 EUR · “aanzuivering van de verliezen ... zonder vernietiging van aandelen en door vermindering van de fractiewaarde van de bestaande aandelen”
17-02-2015Capital increase of 424,850 EUR · to 31,424,850 EUR · 30,526 new shares
21-11-2014Capital increase of 424,850 EUR · to 31,424,850 EUR
03-02-2011Capital increase of 30,000,000 EUR · to 31,000,000 EUR · in kind
Public money · subsidies and aid
Public money
Subsidies and aid the company received from government. It says something about its projects and the conditions attached.
Flemish government
Flemish government
Subsidies and aid from the Flemish government to this company. Public aid says something about projects and the obligations that come with it.
Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. 899 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded24-09-1987
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID0208:0432093428
Registered19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.