Age8 yrs
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for ECOPLASTER GROUP according to publications in the Belgian State Gazette. The file additionally contains 3 judicial reorganisations. The 2023 annual accounts show negative equity (€-260k) and a net result of €-78k.
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
4 eventsSignals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 6 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | 30-08-2024 | 30 d late | 2024-00421317 |
| 31-12-2022 | 31-07-2023 | 30-12-2023 | 152 d late | 2024-00543123 |
| 31-12-2021 | 31-07-2022 | 29-07-2022 | 2 d early | 2022-20243060 |
| 31-12-2020 | 31-07-2021 | 14-06-2021 | 47 d early | 2021-19500488 |
| 31-12-2019 | 31-07-2020 | 05-10-2020 | 66 d late | 2020-58800084 |
| 31-12-2018 | 31-07-2019 | 26-09-2019 | 57 d late | 2019-66000122 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-78k+52.8%
Working capital€-269k-43.5%
Directors2
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 30-08-2024 with the NBB · fiscal year 2023 · volledig
Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -170.9% | 35.9% | |
| Net result | €-78k | €21k | |
| Equity | €-260k | €91k | |
| Gross operating margin | €101k | €111k | |
| Staff costs | €71k | €157k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P5
Weakening position over 2020-2023
· n=295-467
P5
Weakening position over 2020-2023
· n=295-467
P5
Weakening position over 2020-2023
· n=295-468
P48
Weakening position over 2020-2023
· n=269-438
Describes the position versus peers, not a forecast.
€-78k
+49.8%
18-23
€-78k
+52.8%
18-23
€-76k
+52.9%
18-23
€152k
-21.6%
18-23
€-260k
-43.0%
18-23
€-269k
-43.5%
18-23
2
-25.0%
18-23
€71k
-34.9%
18-23
Show 10 other metrics
€-51
-
18-23
€413k
+9.6%
18-23
€412k
+10.4%
18-23
0.35
-30.2%
18-23
0.31
-20.9%
18-23
-170.9%
-82.4%
18-23
-1.59
+23.3%
18-23
30.1%
-67.0%
18-23
-51.3%
+39.8%
18-23
-56.39
-114.2%
18-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €-78k |
| Net profit | €-78k |
| Cash flow | €-76k |
| Staff costs | €71k |
| Income taxes | €-51 |
| Dividends | - |
| Total assets | €152k |
| Equity | €-260k |
| Debt | €413k |
| of which ≤ 1y | €412k |
| of which > 1y | - |
| Working capital | €-269k |
| Employees (FTE) | 1.8 |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.35 |
| Quick ratio | 0.31 |
| Working capital ratio | -176.5% |
| Solvency | -170.9% |
| Debt / equity | -1.59 |
| Long-term debt ratio | - |
| Interest coverage | -56.39 |
| Gross margin | - |
| Net margin | - |
| ROA | -51.3% |
| ROE | 30.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €152k |
| Fixed assets | 21/28 | €9k |
| Intangible fixed assets | 21 | €0 |
| Tangible fixed assets | 22/27 | €7k |
| Financial fixed assets | 28 | €1k |
| Current assets | 29/58 | €143k |
| Stocks & contracts in progress | 3 | €15k |
| Amounts receivable within one year | 40/41 | €118k |
| Investments | 50/53 | €793 |
| Cash & bank | 54/58 | €8k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €152k |
| Equity | 10/15 | €-260k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €-281k |
| Amounts payable | 17/49 | €413k |
| Amounts payable within one year | 42/48 | €412k |
| Trade debts payable within one year | 44 | €335k |
| Income statement | ||
| Gross operating margin | 9900 | €101k |
| Operating result | 9901 | €-80k |
| Financial income | 75 | €3k |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-78k |
| Income taxes | 67/77 | €-51 |
| Net result for the period | 9904 | €-78k |
| Result to be appropriated | 9905 | €-78k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
1 director4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Former directors (1)
-
SALLAOUI BrahimDirectorState Gazette act 24431266 (26-09-2024)Former- → 26-09-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
2 mandates| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | PHILIPPE MOINEAU RUE LOUVREX 55, 4000 LIEGE 1- |
08-12-2025 → present | Belgian State Gazette |
| Curator | JEAN-LUC PAQUOT AVENUE BLONDEN 33,
4000 LIEGE 1 |
08-12-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Stukadoorswerk(43310) |
| Legal form | Private limited company(610) |
| Incorporation | 10-01-2018 |
| Status | Active |
| Postal code | 4020 |
| First BS signal | 29-05-2024 |
| Latest BS signal | 12-12-2025 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
2 court or liquidation mandates are on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot 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 Raymond-Geenen 844020 LiègeEstablishment units
1 locationECOPLASTER GROUP
since 20182.271.582.226
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Publications
Lifecycle & Insolvency Signals
4 events from the State Gazette12-12-2025
Bankruptcy
Opening
Full insolvency chronology
The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.
We hold 3 further earlier events in this file, covering 21-05-2024 to 08-12-2025.
Available in Kantoor S.
See plans →
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
2 acts Address history · 1
25-01-2024
Registered-office move
All acts · 2
updated 1 year ago
2024
26-09-2024 1 resigning, 1 reappointed
- SALLAOUI Brahim, Bestuurder
- SALLAOUI Brahim, Bestuurder
Notary:
Philippe BOVEROUx · Bassenge
25-01-2024 Registered office moved from Herstal to Liège
- Rue d' Abhooz 27 à 4040 Herstal → rue Raymond Geenen 84 4020 Liège
Analysis
Financial profile
5 of 5 axes measured33
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
33
Growth
32
Stability
0
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 451 of the 3,996 companies in this sector. 399 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Stukadoorswerk43310Stukadoorswerk43310
Primary activity highlighted.
Names & trade names
| Legal nameFR | ECOPLASTER GROUP |
Registered office
Rue Raymond-Geenen 84
4020 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.