ECORESI
ActiveSummary
ECORESI has been active since 1999 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €391,293 and a net result of €296,211. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 9574 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+30
Solvency90▼-10
Growth78=
Track record92
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 2.82 against 3.76 in 2024; short-term debt: 34.9% and cash: 35.2% of total assets), and 34.9% of the assets are financed with debt.
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Signals
Seven 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
65.1%
Return on assets
49.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
1 d early
2022
2 d early
2021
2 d late
2020
1 d early
2019
1 d late
← 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 1 day before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€391,293▲ 312%
2024 · €95,082
Total assets
€600,938▲ 443%
2024 · €110,603
Net result
€296,211▲ 40,686%
2024 · €726
Working capital
€382,220▲ 792%
2024 · €42,866
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€69,953▲ 558%€1,799▼ 97.4%€2,670▲ 48.4%€3,263▲ 22.2%€450,715▲ 13,712%
Net result€65,790above the sector's middle half▲ 559%€170below the sector's middle half▼ 99.7%€1,221within the sector's middle half▲ 616%€726below the sector's middle half▼ 40.5%€296,211above the sector's middle half▲ 40,686%
Equity€92,965within the sector's middle half▲ 242%€93,135within the sector's middle half▲ 0.2%€94,356within the sector's middle half▲ 1.3%€95,082within the sector's middle half▲ 0.8%€391,293above the sector's middle half▲ 312%
Total assets€209,488within the sector's middle half▲ 45.1%€170,615within the sector's middle half▼ 18.6%€130,219within the sector's middle half▼ 23.7%€110,603within the sector's middle half▼ 15.1%€600,938above the sector's middle half▲ 443%
Debt€116,523▼ 0.6%€77,480▼ 33.5%€35,864▼ 53.7%€15,521▼ 56.7%€209,645▲ 1,251%
Working capital-€6,413below the sector's middle half▲ 89.4%€17,229within the sector's middle half€41,087within the sector's middle half▲ 138%€42,866within the sector's middle half▲ 4.3%€382,220above the sector's middle half▲ 792%
Solvency44.4%within the sector's middle half▲ 25.6pp54.6%within the sector's middle half▲ 10.2pp72.5%within the sector's middle half▲ 17.9pp86.0%above the sector's middle half▲ 13.5pp65.1%within the sector's middle half▼ 20.9pp
Current ratio0.94below the sector's middle half▲ 0.461.22within the sector's middle half▲ 0.282.15within the sector's middle half▲ 0.923.76within the sector's middle half▲ 1.622.82within the sector's middle half▼ 0.94
Return on assets (ROA)31.4%above the sector's middle half▲ 24.5pp0.1%below the sector's middle half▼ 31.3pp0.9%below the sector's middle half▲ 0.8pp0.7%below the sector's middle half▼ 0.3pp49.3%above the sector's middle half▲ 48.6pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 13,712% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €600,938
Fixed assets
€9,072 ▼ 82.6%
Current assets
€591,865 ▲ 914%
Equity and liabilities €600,938
Equity
€391,293 ▲ 312%
Debt
€209,645 ▲ 1,251%
Debt's share of the balance-sheet total rises from 14.0% to 34.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€452,968▲
2024 · €21,123
Cash flow
€298,464▲
2024 · €18,586
Debt to equity
0.54▲
2024 · 0.16
ROE
75.7%▲
2024 · 0.8%
Interest coverage
578.81▲
2024 · 36.11
Debt ≤ 1 year
€209,645▲
2024 · €15,521
Income taxes
€153,727▲
2024 · €1,959
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,340 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% | 1.8% |
| 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 20,134 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €22,053 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,867 | €25,706 | €26,040 | €17,860 | €2,253 | ▼ 87.4% |
| Other operating charges640/8 | €4,991 | €3,587 | €2,212 | €2,724 | €3,173 | ▲ 16.5% |
| Non-recurring operating charges66A | €42,260 | - | - | - | €116 | - |
| Gross operating margin9900 | €133,071 | €31,091 | €30,921 | €23,847 | €456,257 | ▲ 1,813% |
| Operating profit (loss)9901 | €69,953 | €1,799 | €2,670 | €3,263 | €450,715 | ▲ 13,712% |
| Financial income75/76B | €1 | - | €576 | €7 | €6 | ▼ 5.7% |
| Recurring financial income75 | €1 | - | €576 | €7 | €6 | ▼ 5.7% |
| Financial charges65/66B | €484 | €572 | €524 | €585 | €783 | ▲ 33.8% |
| Recurring financial charges65 | €484 | €572 | €524 | €585 | €783 | ▲ 33.8% |
| Profit (loss) for the period before taxes9903 | €69,469 | €1,227 | €2,721 | €2,685 | €449,938 | ▲ 16,659% |
| Income taxes67/77 | €3,679 | €1,056 | €1,500 | €1,959 | €153,727 | ▲ 7,749% |
| Profit (loss) for the period9904 | €65,790 | €170 | €1,221 | €726 | €296,211 | ▲ 40,686% |
| Profit (loss) for the period to be appropriated9905 | €65,790 | €170 | €1,221 | €726 | €296,211 | ▲ 40,686% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €209,488 | €170,615 | €130,219 | €110,603 | €600,938 | ▲ 443% |
| Fixed assets21/28 | €99,378 | €75,906 | €53,268 | €52,216 | €9,072 | ▼ 82.6% |
| Tangible fixed assets22/27 | €92,928 | €75,656 | €53,018 | €41,966 | €8,822 | ▼ 79.0% |
| Land and buildings22 | €35,216 | €30,553 | €26,457 | €22,356 | - | - |
| Plant, machinery and equipment23 | - | €5,973 | €7,709 | €6,827 | - | - |
| Furniture and vehicles24 | €55,667 | €37,174 | €17,033 | €11,076 | €8,822 | ▼ 20.3% |
| Other tangible fixed assets26 | €2,046 | €1,955 | €1,820 | €1,707 | - | - |
| Financial fixed assets28 | €6,450 | €250 | €250 | €10,250 | €250 | ▼ 97.6% |
| Current assets29/58 | €110,110 | €94,709 | €76,951 | €58,388 | €591,865 | ▲ 914% |
| Amounts receivable within one year40/41 | €30,235 | €21,017 | €59,172 | €40,972 | €378,685 | ▲ 824% |
| Trade receivables40 | €11,511 | €11,511 | €50,252 | €32,528 | €23,302 | ▼ 28.4% |
| Other amounts receivable41 | €18,724 | €9,507 | €8,920 | €8,443 | €355,383 | ▲ 4,109% |
| Cash at bank and in hand54/58 | €79,467 | €73,058 | €13,918 | €15,871 | €211,322 | ▲ 1,231% |
| Deferred charges and accrued income490/1 | €408 | €634 | €3,861 | €1,545 | €1,858 | ▲ 20.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €209,488 | €170,615 | €130,219 | €110,603 | €600,938 | ▲ 443% |
| Equity10/15 | €92,965 | €93,135 | €94,356 | €95,082 | €391,293 | ▲ 312% |
| Contributions10/11 | €6,321 | €6,321 | €6,321 | €6,321 | €6,321 | = |
| Reserves13 | €9,901 | €9,901 | €9,901 | €9,901 | €305,901 | ▲ 2,990% |
| Non-distributable reserves130/1 | €1,901 | €1,901 | €1,901 | €1,901 | €1,901 | = |
| Reserves not available under the articles1311 | - | - | €1,901 | €1,901 | €1,901 | = |
| Other1319 | €1,901 | €1,901 | - | - | - | - |
| Distributable reserves133 | €8,000 | €8,000 | €8,000 | €8,000 | €304,000 | ▲ 3,700% |
| Profit (loss) carried forward14 | €76,742 | €76,913 | €78,133 | €78,859 | €79,070 | ▲ 0.3% |
| Amounts payable17/49 | €116,523 | €77,480 | €35,864 | €15,521 | €209,645 | ▲ 1,251% |
| Amounts payable within one year42/48 | €116,523 | €77,480 | €35,864 | €15,521 | €209,645 | ▲ 1,251% |
| Trade debts44 | €22,913 | €18,896 | €12,436 | €6,643 | €55,864 | ▲ 741% |
| Suppliers440/4 | €22,913 | €18,896 | €12,436 | €6,643 | €55,864 | ▲ 741% |
| Advances received on contracts in progress46 | €30,791 | €30,791 | - | - | - | - |
| Taxes, remuneration and social security45 | €3,679 | €1,056 | €2,482 | €5,301 | €153,781 | ▲ 2,801% |
| Taxes450/3 | €3,679 | €1,056 | €2,482 | €5,301 | €153,781 | ▲ 2,801% |
| Other amounts payable47/48 | €59,140 | €26,737 | €20,945 | €3,578 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,790 | €170 | €1,221 | €726 | €296,211 | ▲ 40,686% |
| + Depreciation and write-downs630 | €15,867 | €25,706 | €26,040 | €17,860 | €2,253 | ▼ 87.4% |
| Operating cash flow (approximation) | €81,657 | €25,876 | €27,260 | €18,586 | €298,464 | ▲ 1,506% |
| Investment in fixed assets (approximation) | - | -€2,234 | -€3,402 | -€16,807 | €40,890 | ▲ 343% |
| Change in cash | - | -€6,409 | -€59,140 | €1,953 | €195,451 | ▲ 9,909% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
20-04
KBO administration
Address struck
event 12-02-2026
2025
30-09
Financial
Highest result since 2018net €296,211 ▲40,686%
Operating result €450,715, net result €296,211, both a record.
30-09
Financial
Equity above €200,000Eq €391,293 ▲312%
7 profitable years in a row build equity to €391,293.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1 day late
2019
30-09
Financial
Back to profitnet €4,126
Net result €4,126 after one loss-making year.
10-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Etterbeek · 1 establishment unit since 2000
Ground area
1,346 m²
Building footprint
290 m²
Volume, LiDAR
1,053 m³
2 parcels, Brussels, Wallonia · tallest building 19.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Ponts 98, 1480 Tubize
since 20002.093.928.409
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105C0057/00A004 | Wallonia | 1,272 m² | 1 · 229 m² | - |
| 21362B0037/00A006 | Brussels | 74 m² | 1 · 61 m² | 19.6 m · 6 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 11,573 companies in sector 71121 we hold annual accounts for 6,570. 4,674 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 (pre-2019)
Founded16-12-1999
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0468433883
Registered
30-07-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.