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ECONOTEC

Active
Private limited company (pre-2019)founded 198342 yrs activeRue du Delta (C.) 33, 7000 Mons, BelgiumKBO/BCE: BE 0424.762.802

ECONOTEC has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €78k and a net result of €5k. Equity is growing by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
79 / 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability52▼-40
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 6.65 against 6.82 in 2023; short-term debt: 15% and cash: 12% of total assets), and 15% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 42 years 0 50 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
31 d early
2023
36 d early
2022
40 d early
2021
37 d early
2020
45 d late
2019
52 d early
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
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

Financials · fiscal year 2024, micro schema

Equity
€78k▲ 7.6%
2023 · €73k
2018: €-54k 2019: €7k 2020: €24k 2021: €39k 2022: €57k 2023: €73k
2018 → 2024
Total assets
€92k▲ 8.7%
2023 · €85k
2018: €144k 2019: €180k 2020: €26k 2021: €44k 2022: €66k 2023: €85k
2018 → 2024
Net result
€5k▼ 64.7%
2023 · €16k
2018: €-3k 2019: €61k 2020: €17k 2021: €15k 2022: €18k 2023: €16k
2018 → 2024
Working capital
€78k▲ 12.4%
2023 · €70k
2018: €-58k 2019: €3k 2020: €20k 2021: €34k 2022: €53k 2023: €70k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€24k-€39k▲ 61.9%€57k▲ 46.5%€73k▲ 27.3%€78k▲ 7.6%
Operating result€23k-€22k▼ 3.2%€27k▲ 22.4%€24k▼ 12.8%€9k▼ 61.2%
Net result€17k-€15k▼ 11.3%€18k▲ 21.6%€16k▼ 14.1%€5k▼ 64.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10k€20k€30kOperating result 2020: €23k€23kNet result 2020: €17k€17kOperating result 2021: €22k€22kNet result 2021: €15k€15kOperating result 2022: €27k€27kNet result 2022: €18k€18kOperating result 2023: €24k€24kNet result 2023: €16k€16kOperating result 2024: €9k€9kNet result 2024: €5k€5k20202021202220232024
The operating result has fallen two years in a row; 2024 is 61% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €92k
Equity €78k▲ 7.6%
Debt €14k▲ 15.8%
The debt ratio rises from 14.1% to 15.0%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Solvency
85.0%
2023 · 85.9%
Current ratio
6.65
2023 · 6.82
Quick ratio
6.65
2023 · 6.82
Debt / equity
0.18
2023 · 0.16
ROE
7.0%
2023 · 21.4%
ROA
6.0%
2023 · 18.4%
Debt
€14k
2023 · €12k
Debt ≤ 1 year
€14k
2023 · €12k
Income taxes
€3k
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€85k€92k
Fixed assets21/28€3k-
Financial fixed assets28€3k-
Current assets29/58€82k€92k
Amounts receivable within one year40/41€20k€4k
Trade receivables40€13k€4k
Other amounts receivable41€7k€93
Current investments50/53-€74k
Cash at bank and in hand54/58€60k€11k
Deferred charges and accrued income490/1€2k€3k
Equity and liabilities
Total equity and liabilities10/49€85k€92k
Equity10/15€73k€78k
Contributions10/11€9k€9k=
Reserves13€63k€69k
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€61k€67k
Amounts payable17/49€12k€14k
Amounts payable within one year42/48€12k€14k
Trade debts44€84-
Suppliers440/4€84-
Taxes, remuneration and social security45€3k€2k
Taxes450/3€3k€2k
Other amounts payable47/48€9k€12k
Income statement Code20232024
Non-recurring operating income76A-€105
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€602-
Other operating charges640/8€384€656
Gross operating margin9900€25k€10k
Operating profit (loss)9901€24k€9k
Financial income75/76B-€232
Recurring financial income75-€232
Financial charges65/66B€412€1k
Recurring financial charges65€412€1k
Profit (loss) for the period before taxes9903€23k€8k
Income taxes67/77€8k€3k
Profit (loss) for the period9904€16k€5k
Profit (loss) for the period to be appropriated9905€16k€5k
Appropriation of the result
Profit (loss) to be appropriated9906€16k€5k
Transfer to equity691/2€16k€5k
To other reserves6921€16k€5k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
14-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 45 days late
2020
31-12
Financial Liquidity times 10current ratio 10.07
Current ratio from 1.02 to 10.07; short-term debt falls from €172k to €2k.
09-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Back to profitnet €61k
Net result €61k after one loss-making year.
22-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
23-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Mons · 1 establishment unit since 1983
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue du Delta (C.) 337000 Mons
Ground area
771 m²
Building footprint
112 m²
Volume, LiDAR
760 m³
2 parcels, Wallonia · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue Henri-Maus 27, 4000 Liège
Manufacture of basic metals
since 19832.023.278.062
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53019A0099/00D004 Wallonia 585 m² 1 · 48 m² -
62803D0063/00L002 Wallonia 187 m² 1 · 64 m² 13.2 m · 4 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

European research

1 project · 45,401 EUR EU contribution
Programmes
h2020
1 entry · 45,401 EUR
Projects
ODYSSEE-MURE, a decision support tool for energy efficiency policy evaluation.
h2020 · participant · 01-02-2016 to 31-07-2018 · 45,401 EUR · ODYSSEE-MURE

Similar companies · same sector, comparable size

Of 2,145 companies in sector 71209 we hold annual accounts for 1,086. 807 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company (pre-2019)
Founded03-11-1983
Fiscal year end31-12
Activities, NACEBEL
71209Other technical testing and analysis
74131
73200Market research and public opinion polling
74302
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.