ECOPACK
InactiveECOPACK was declared bankrupt on 30-05-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 13-01-2026, published in the Belgian State Gazette on 19-01-2026.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 06-07-2022, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
25 d early
2020
11 d early
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 1 day before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Equity
€1.5m▼ 13.4%
2020 · €1.7m
Total assets
€4.0m▲ 8.9%
2020 · €3.7m
Net result
-€232,567
2020 · €269,619
Working capital
€2.0m▼ 18.4%
2020 · €2.4m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€497,817-€456,417▼ 8.3%€402,244▼ 11.9%-€173,257
Net result€369,708-€302,282▼ 18.2%€269,619▼ 10.8%-€232,567
Equity€1.2m-€1.5m▲ 26.0%€1.7m▲ 18.4%€1.5m▼ 13.4%
Total assets€3.0m-€3.4m▲ 14.2%€3.7m▲ 10.0%€4.0m▲ 8.9%
Debt€1.8m-€1.9m▲ 6.6%€2.0m▲ 3.6%€2.5m▲ 28.4%
Working capital€1.8m-€2.3m▲ 30.6%€2.4m▲ 5.8%€2.0m▼ 18.4%
Staff (FTE)9.1-8.8▼ 3.3%9▲ 2.3%9.4▲ 4.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €173,257 after €402,244 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €4.0m
Fixed assets
€354,018 ▲ 14.4%
Current assets
€3.7m ▲ 8.4%
Equity and liabilities €4.0m
Equity
€1.5m ▼ 13.4%
Debt
€2.5m ▲ 28.4%
Debt's share of the balance-sheet total rises from 53.3% to 62.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€52,854▼
2020 · €578,401
Cash flow
-€112,165▼
2020 · €445,776
Current ratio
2.17▼
2020 · 3.51
Quick ratio
1.59▼
2020 · 2.37
Debt to equity
1.69▲
2020 · 0.58
ROE
-15.5%▼
2020 · 15.5%
ROA
-5.8%▼
2020 · 7.3%
Interest coverage
-0.58
Debt ≤ 1 year
€1.7m▲
2020 · €971,409
Debt > 1 year
€837,344▼
2020 · €1.0m
Income taxes
€364▼
2020 · €74,712
Staff costs
€540,605
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €540,605 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €198,160 | €291,880 | €176,158 | €120,403 | ▼ 31.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,851 | - |
| Other operating charges640/8 | - | - | - | €2,876 | - |
| Gross operating margin9900 | €1.2m | €1.4m | €1.0m | €494,478 | ▼ 50.7% |
| Operating profit (loss)9901 | €497,817 | €456,417 | €402,244 | -€173,257 | ▼ 143% |
| Financial income75/76B | - | - | - | €32,732 | - |
| Recurring financial income75 | €18,336 | €32,902 | €31,089 | €32,732 | ▲ 5.3% |
| Financial charges65/66B | - | - | - | €91,679 | - |
| Recurring financial charges65 | €62,590 | €72,635 | €89,002 | €91,679 | ▲ 3.0% |
| Profit (loss) for the period before taxes9903 | €453,563 | €416,684 | €344,330 | -€232,204 | ▼ 167% |
| Income taxes67/77 | €83,855 | €114,401 | €74,712 | €364 | ▼ 99.5% |
| Profit (loss) for the period9904 | €369,708 | €302,282 | €269,619 | -€232,567 | ▼ 186% |
| Profit (loss) for the period to be appropriated9905 | €369,708 | €302,282 | €269,619 | -€232,567 | ▼ 186% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3.0m | €3.4m | €3.7m | €4.0m | ▲ 8.9% |
| Fixed assets21/28 | €291,635 | €215,781 | €309,346 | €354,018 | ▲ 14.4% |
| Tangible fixed assets22/27 | €284,372 | €208,518 | €302,083 | €346,755 | ▲ 14.8% |
| Land and buildings22 | - | - | - | €23,050 | - |
| Plant, machinery and equipment23 | - | - | - | €305,333 | - |
| Furniture and vehicles24 | - | - | - | €6,953 | - |
| Other tangible fixed assets26 | - | - | - | €11,420 | - |
| Financial fixed assets28 | €7,263 | €7,263 | €7,263 | €7,263 | = |
| Current assets29/58 | €2.7m | €3.2m | €3.4m | €3.7m | ▲ 8.4% |
| Amounts receivable after more than one year29 | - | - | - | €1.7m | - |
| Trade receivables290 | - | - | - | €1.7m | - |
| Stocks and contracts in progress3 | €1.2m | €1.2m | €1.1m | €981,193 | ▼ 10.7% |
| Stocks30/36 | - | - | - | €981,193 | - |
| Amounts receivable within one year40/41 | €791,391 | €614,233 | €754,173 | €954,343 | ▲ 26.5% |
| Trade receivables40 | - | - | - | €907,663 | - |
| Other amounts receivable41 | - | - | - | €46,680 | - |
| Cash at bank and in hand54/58 | €88,523 | €78,698 | €27,047 | €14,855 | ▼ 45.1% |
| Deferred charges and accrued income490/1 | - | - | - | €17,609 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3.0m | €3.4m | €3.7m | €4.0m | ▲ 8.9% |
| Equity10/15 | €1.2m | €1.5m | €1.7m | €1.5m | ▼ 13.4% |
| Contributions10/11 | €390,000 | €390,000 | €390,000 | €390,000 | = |
| Capital10 | - | - | - | €390,000 | - |
| Issued capital100 | - | - | - | €390,000 | - |
| Reserves13 | €73,060 | €73,060 | €73,060 | €73,060 | = |
| Non-distributable reserves130/1 | - | - | - | €39,000 | - |
| Legal reserve130 | - | - | - | €39,000 | - |
| Tax-exempt reserves132 | - | - | - | €34,060 | - |
| Profit (loss) carried forward14 | €701,095 | €1.0m | €1.3m | €1.0m | ▼ 18.3% |
| Amounts payable17/49 | €1.8m | €1.9m | €2.0m | €2.5m | ▲ 28.4% |
| Amounts payable after more than one year17 | €889,211 | €1.1m | €1.0m | €837,344 | ▼ 16.8% |
| Financial debts170/4 | - | - | - | €837,344 | - |
| Amounts payable within one year42/48 | €903,142 | €860,084 | €971,409 | €1.7m | ▲ 75.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €148,853 | - |
| Financial debts43 | - | - | - | €371,139 | - |
| Credit institutions430/8 | - | - | - | €371,139 | - |
| Trade debts44 | €498,625 | €504,015 | €397,993 | €1.1m | ▲ 165% |
| Suppliers440/4 | - | - | - | €1.1m | - |
| Taxes, remuneration and social security45 | - | - | - | €128,330 | - |
| Taxes450/3 | - | - | - | €54,977 | - |
| Remuneration and social security454/9 | - | - | - | €73,353 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €369,708 | €302,282 | €269,619 | -€232,567 | ▼ 186% |
| + Depreciation and write-downs630 | €198,160 | €291,880 | €176,158 | €120,403 | ▼ 31.7% |
| Operating cash flow (approximation) | €567,868 | €594,162 | €445,776 | -€112,165 | ▼ 125% |
| Investment in fixed assets (approximation) | - | -€216,026 | -€269,722 | -€165,075 | ▲ 38.8% |
| Change in cash | - | -€9,825 | -€51,652 | -€12,191 | ▲ 76.4% |
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
2026
19-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 13-01-2026
2023
06-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 30-05-2023
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€232,567
Net result drops to -€232,567, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 34 days late
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
02-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
27-02
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DIDIER BEKAERT GERAARDSBERGSESTEENWEG 167,
9090 MELLE |
30-05-2023 → 13-01-2026 |