ECONOGEST
ActiveSummary
ECONOGEST has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,666 and a net result of €96,839. Equity is shrinking by ~14.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 37% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency68▲+26
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.15 in 2024; short-term debt: 57.4% and cash: 34.1% of total assets), but 57.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.6%
Return on assets
86.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €47,666
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
10 d early
2023
11 d early
2022
16 d early
2021
49 d early
2020
28 d early
2019
11 d early
← 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 13 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 21 July (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€47,666▲ 129%
2024 · €20,827
Total assets
€111,940▼ 11.0%
2024 · €125,728
Net result
€96,839▲ 18.0%
2024 · €82,035
Working capital
€38,671▲ 146%
2024 · €15,741
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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€70,101▼ 21.1%€103,281▲ 47.3%€104,006▲ 0.7%€106,512▲ 2.4%€127,147▲ 19.4%
Net result€48,817within the sector's middle half▼ 29.1%€77,918above the sector's middle half▲ 59.6%€78,557above the sector's middle half▲ 0.8%€82,035above the sector's middle half▲ 4.4%€96,839above the sector's middle half▲ 18.0%
Equity€37,317within the sector's middle half▼ 36.2%€38,235within the sector's middle half▲ 2.5%€26,792below the sector's middle half▼ 29.9%€20,827below the sector's middle half▼ 22.3%€47,666within the sector's middle half▲ 129%
Total assets€134,708within the sector's middle half▼ 27.5%€139,565within the sector's middle half▲ 3.6%€132,212within the sector's middle half▼ 5.3%€125,728within the sector's middle half▼ 4.9%€111,940within the sector's middle half▼ 11.0%
Debt€97,391▼ 23.5%€101,330▲ 4.0%€105,420▲ 4.0%€104,901▼ 0.5%€64,274▼ 38.7%
Working capital€23,906within the sector's middle half▼ 53.9%€26,849within the sector's middle half▲ 12.3%€20,125within the sector's middle half▼ 25.0%€15,741within the sector's middle half▼ 21.8%€38,671within the sector's middle half▲ 146%
Solvency27.7%below the sector's middle half▼ 3.8pp27.4%below the sector's middle half▼ 0.3pp20.3%below the sector's middle half▼ 7.1pp16.6%below the sector's middle half▼ 3.7pp42.6%within the sector's middle half▲ 26.0pp
Current ratio1.25within the sector's middle half▼ 0.231.26within the sector's middle half▲ 0.011.19below the sector's middle half▼ 0.071.15below the sector's middle half▼ 0.041.60within the sector's middle half▲ 0.45
Return on assets (ROA)36.2%above the sector's middle half▼ 0.8pp55.8%above the sector's middle half▲ 19.6pp59.4%above the sector's middle half▲ 3.6pp65.2%above the sector's middle half▲ 5.8pp86.5%above the sector's middle half▲ 21.3pp
Staff (FTE)1.3
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting 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 has risen four years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111,940
Fixed assets
€8,995 ▲ 76.9%
Current assets
€102,944 ▼ 14.7%
Equity and liabilities €111,940
Equity
€47,666 ▲ 129%
Debt
€64,274 ▼ 38.7%
Debt's share of the balance-sheet total falls from 83.4% to 57.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€127,442▲
2024 · €112,246
Cash flow
€97,134▲
2024 · €87,769
Debt to equity
1.35▼
2024 · 5.04
ROE
203.2%▼
2024 · 393.9%
Interest coverage
172.96▲
2024 · 127.99
Debt ≤ 1 year
€64,274▼
2024 · €104,901
Income taxes
€29,583▲
2024 · €24,576
Staff costs
€42,822▲
2024 · €22,897
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,370 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €17,216 | €18,278 | €18,981 | €22,897 | €42,822 | ▲ 87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,962 | €4,975 | €4,719 | €5,734 | €295 | ▼ 94.9% |
| Other operating charges640/8 | €8,951 | €3,382 | €3,385 | €5,962 | €7,567 | ▲ 26.9% |
| Gross operating margin9900 | €107,230 | €129,916 | €131,091 | €141,105 | €177,831 | ▲ 26.0% |
| Operating profit (loss)9901 | €70,101 | €103,281 | €104,006 | €106,512 | €127,147 | ▲ 19.4% |
| Financial income75/76B | €557 | €9 | €23 | €976 | €12 | ▼ 98.7% |
| Recurring financial income75 | €557 | €9 | €23 | €976 | €12 | ▼ 98.7% |
| Financial charges65/66B | €2,036 | €1,702 | €1,703 | €877 | €737 | ▼ 16.0% |
| Recurring financial charges65 | €2,036 | €1,702 | €1,703 | €877 | €737 | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | €68,622 | €101,588 | €102,326 | €106,611 | €126,422 | ▲ 18.6% |
| Income taxes67/77 | €19,805 | €23,670 | €23,769 | €24,576 | €29,583 | ▲ 20.4% |
| Profit (loss) for the period9904 | €48,817 | €77,918 | €78,557 | €82,035 | €96,839 | ▲ 18.0% |
| Transfer from tax-exempt reserves789 | €11,344 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €60,161 | €77,918 | €78,557 | €82,035 | €96,839 | ▲ 18.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,708 | €139,565 | €132,212 | €125,728 | €111,940 | ▼ 11.0% |
| Fixed assets21/28 | €16,361 | €11,386 | €6,667 | €5,086 | €8,995 | ▲ 76.9% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €16,361 | €11,386 | €6,667 | €5,086 | €7,395 | ▲ 45.4% |
| Furniture and vehicles24 | €16,361 | €11,386 | €6,667 | €5,086 | €5,313 | ▲ 4.5% |
| Other tangible fixed assets26 | - | - | - | - | €2,082 | - |
| Financial fixed assets28 | - | - | - | - | €1,600 | - |
| Current assets29/58 | €118,347 | €128,179 | €125,545 | €120,642 | €102,944 | ▼ 14.7% |
| Amounts receivable within one year40/41 | €54,750 | €58,670 | €57,084 | €66,959 | €64,786 | ▼ 3.2% |
| Trade receivables40 | €51,913 | €58,670 | €57,084 | €66,244 | €49,786 | ▼ 24.8% |
| Other amounts receivable41 | €2,837 | - | - | €715 | €15,000 | ▲ 1,998% |
| Current investments50/53 | - | - | €50,000 | - | - | - |
| Cash at bank and in hand54/58 | €62,683 | €68,551 | €17,444 | €52,262 | €38,158 | ▼ 27.0% |
| Deferred charges and accrued income490/1 | €914 | €958 | €1,017 | €1,421 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,708 | €139,565 | €132,212 | €125,728 | €111,940 | ▼ 11.0% |
| Equity10/15 | €37,317 | €38,235 | €26,792 | €20,827 | €47,666 | ▲ 129% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €16,857 | €17,775 | €6,332 | €367 | €27,206 | ▲ 7,313% |
| Amounts payable17/49 | €97,391 | €101,330 | €105,420 | €104,901 | €64,274 | ▼ 38.7% |
| Amounts payable after more than one year17 | €2,950 | - | - | - | - | - |
| Financial debts170/4 | €2,950 | - | - | - | - | - |
| Amounts payable within one year42/48 | €94,441 | €101,330 | €105,420 | €104,901 | €64,274 | ▼ 38.7% |
| Current portion of amounts payable after more than one year42 | €17,326 | €2,950 | - | - | - | - |
| Trade debts44 | €4,620 | €3,496 | €3,773 | €4,813 | €160 | ▼ 96.7% |
| Suppliers440/4 | €4,620 | €3,496 | €3,773 | €4,813 | €160 | ▼ 96.7% |
| Taxes, remuneration and social security45 | €22,915 | €40,309 | €35,711 | €34,343 | €34,273 | ▼ 0.2% |
| Taxes450/3 | €21,000 | €37,181 | €33,510 | €31,975 | €28,795 | ▼ 9.9% |
| Remuneration and social security454/9 | €1,915 | €3,128 | €2,201 | €2,368 | €5,479 | ▲ 131% |
| Other amounts payable47/48 | €49,580 | €54,575 | €65,936 | €65,745 | €29,840 | ▼ 54.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,817 | €77,918 | €78,557 | €82,035 | €96,839 | ▲ 18.0% |
| + Depreciation and write-downs630 | €10,962 | €4,975 | €4,719 | €5,734 | €295 | ▼ 94.9% |
| Operating cash flow (approximation) | €59,779 | €82,893 | €83,276 | €87,769 | €97,134 | ▲ 10.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,153 | -€4,205 | ▼ 1.2% |
| Change in cash | - | €5,868 | -€51,107 | €34,818 | -€14,104 | ▼ 141% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
24-07
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 10-06-2026
- Registered-office move, Chaussée de Namur 435A à 5310 Warêt-la-Chaussée
2025
31-12
Financial
Highest result since 2018net €96,839 ▲18%
Operating result €127,147, net result €96,839, both a record.
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 4 days late
2017
16-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Eghezée · 1 establishment unit since 2025
Ground area
918 m²
Building footprint
67 m²
Volume, LiDAR
718 m³
2 parcels, Wallonia · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Econogest
since 20252.382.097.294
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92133A0769/00A000 | Wallonia | 816 m² | - | - |
| 92108B0384/00M003 | Wallonia | 102 m² | 1 · 67 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 5,871 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-01-2001
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473781949
Also
9925:BE0473781949
Registered
02-12-2025
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.