ECORUB
ActiveSummary
ECORUB has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €185k and a net result of €-2k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability52▼-19
Solvency84=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.53 in 2023; short-term debt: 41.4% and cash: 49.9% of total assets), and 41.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
58.6%
Return on assets
-0.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
27 d early
2022
4 d early
2021
18 d early
2020
2 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€185k▼ 0.8%
2023 · €187k
2018: €117k
2019: €131k
2020: €161k
2021: €181k
2022: €183k
2023: €187k
2018 → 2024
Total assets
€316k=
2023 · €316k
2018: €185k
2019: €181k
2020: €186k
2021: €292k
2022: €348k
2023: €316k
2018 → 2024
Net result
€-2k
2023 · €5k
2018: €2k
2019: €14k
2020: €30k
2021: €19k
2022: €2k
2023: €5k
2018 → 2024
Working capital
€93k▲ 36.0%
2023 · €68k
2018: €94k
2019: €115k
2020: €139k
2021: €157k
2022: €106k
2023: €68k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€161k-€181k▲ 11.9%€183k▲ 1.4%€187k▲ 1.9%€185k▼ 0.8%
Operating result€41k-€31k▼ 24.2%€10k▼ 66.2%€12k▲ 18.5%€8k▼ 38.4%
Net result€30k-€19k▼ 36.2%€2k▼ 87.2%€5k▲ 89.3%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 38% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €316k
Fixed assets
€92k ▼ 22.0%
Current assets
€223k ▲ 13.2%
Equity and liabilities €316k
Equity
€185k ▼ 0.8%
Debt
€131k ▲ 1.2%
Debt's share of the balance-sheet total rises from 40.9% to 41.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€38k▲
2023 · €36k
Cash flow
€28k▼
2023 · €28k
Current ratio
1.71▲
2023 · 1.53
Quick ratio
1.63▲
2023 · 1.48
Debt to equity
0.71▲
2023 · 0.69
ROE
-0.8%▼
2023 · 2.5%
ROA
-0.5%▼
2023 · 1.5%
Interest coverage
4.05▼
2023 · 6.38
Debt ≤ 1 year
€131k▲
2023 · €129k
Income taxes
€469▼
2023 · €2k
Staff costs
€41k▲
2023 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€316k€316k=
Fixed assets21/28€118k€92k▼
Intangible fixed assets21€16k€12k▼
Tangible fixed assets22/27€93k€80k▼
Land and buildings22€12k€10k▼
Plant, machinery and equipment23€76k€59k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26-€9k
Financial fixed assets28€9k€0▼
Current assets29/58€197k€223k▲
Stocks and contracts in progress3€6k€10k▲
Stocks30/36€6k€10k▲
Amounts receivable within one year40/41€52k€53k▲
Trade receivables40€52k€50k▼
Other amounts receivable41€104€3k▲
Cash at bank and in hand54/58€137k€157k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€316k€316k=
Equity10/15€187k€185k▼
Contributions10/11€9k€9k=
Reserves13€39k€39k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€32k€32k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€139k€138k▼
Amounts payable17/49€129k€131k▲
Amounts payable within one year42/48€129k€131k▲
Trade debts44€30k€20k▼
Suppliers440/4€30k€20k▼
Taxes, remuneration and social security45€10k€6k▼
Taxes450/3€7k€6k▼
Remuneration and social security454/9€2k€444▼
Other amounts payable47/48€90k€105k▲
Income statement
Code20232024
Remuneration, social security and pensions62€39k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€30k▲
Other operating charges640/8€21k€555▼
Gross operating margin9900€96k€79k▼
Operating profit (loss)9901€12k€8k▼
Financial income75/76B€363€550▲
Recurring financial income75€363€550▲
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€7k€-1k▼
Income taxes67/77€2k€469▼
Profit (loss) for the period9904€5k€-2k▼
Profit (loss) for the period to be appropriated9905€5k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€140k€138k▼
Profit (loss) brought forward from the previous period14P€136k€139k▲
Profit to be distributed694/7€1k€0▼
Return on contributions (dividend)694€1k€0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-2k ▼133%
Net result drops to €-2k, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €30k ▲111%
Operating result €41k, net result €30k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.65
Current ratio from 3.28 to 6.65; short-term debt falls from €50k to €25k.
31-12
Financial
Equity above €150kEq €161k ▲23%
3 profitable years in a row build equity to €161k.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Rijkevorsel · 1 establishment unit since 1992
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.
Nijverheidsweg 7A2310 RijkevorselGround area
115 m²
Building footprint
115 m²
Volume, LiDAR
682 m³
Parcel 13502F0212/00F002, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ECORUB
since 19922.056.177.888
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13502F0212/00F002 | Flanders | 115 m² | 1 · 115 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 36,178 EUR awarded · 36,178 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | -3,622 EUR | 0 EUR |
| 2024 | 1 | 0 EUR | 16,278 EUR |
| 2023 | 1 | 39,800 EUR | 19,900 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Similar companies · same sector, comparable size
RUBCO
BE 0420.070.871
Oudsbergen · Eq €185k
MACRIPACK
BE 0823.114.284
Antwerpen · Eq €187k
MAISON VICTOR
BE 0865.976.903
Liège · Eq €183k
SALES PROMOTION INTERNATIONAL
BE 0448.390.121
Waregem · Eq €182k
LEIE PELS
BE 0414.641.148
Zulte · Eq €181k
Of 432 companies in sector 46869 we hold annual accounts for 244. 154 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46852Wholesale trade
46869Wholesale trade
22110Manufacture of rubber and plastic products
22120Manufacture of rubber and plastic products
28960Manufacture of machinery and equipment not elsewhere classified
38210Materials recovery from waste
46872Wholesale trade
49410Freight transport by road
52250Logistics services
68310Real estate agency activities
70200Business and other management consultancy
71209Other technical testing and analysis
73300Public relations and communication consultancy
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
77229Renting and leasing of other personal and household goods
81100Combined facilities support activities
82990Other business support services
91110Libraries, archives, museums and other cultural activities
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.