ECORUS
ActiveSummary
ECORUS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €72,907 and a net result of -€15,201. Equity is shrinking by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 2294 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability22▼-51
Solvency53▲+13
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.18 in 2023; short-term debt: 64.8% and cash: 47.1% of total assets), and 71.8% of the assets are financed with debt.
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Signals
Five 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
28.2%
Return on assets
-5.9%
Age of the figures
21 mo
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
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 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
43 d early
2022
39 d early
2021
60 d early
2020
27 d late
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€72,907▼ 17.3%
2023 · €88,108
Total assets
€258,495▼ 54.8%
2023 · €571,811
Net result
-€15,201
2023 · €17,375
Working capital
€74,399▼ 9.0%
2023 · €81,771
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€88,709▼ 0.8%€72,195€49,743▼ 31.1%€31,225▼ 37.2%-€6,592
Net result€76,814within the sector's middle half▲ 3,108%€121,004above the sector's middle half▲ 57.5%€61,205within the sector's middle half▼ 49.4%€17,375within the sector's middle half▼ 71.6%-€15,201below the sector's middle half
Equity€508,524within the sector's middle half▲ 17.8%€629,528within the sector's middle half▲ 23.8%€690,733within the sector's middle half▲ 9.7%€88,108within the sector's middle half▼ 87.2%€72,907within the sector's middle half▼ 17.3%
Total assets€654,397within the sector's middle half▲ 18.9%€881,840within the sector's middle half▲ 34.8%€860,539within the sector's middle half▼ 2.4%€571,811within the sector's middle half▼ 33.6%€258,495below the sector's middle half▼ 54.8%
Debt€145,873▲ 23.1%€252,312▲ 73.0%€169,806▼ 32.7%€483,703▲ 185%€185,588▼ 61.6%
Working capital€515,809above the sector's middle half▲ 21.2%€628,770above the sector's middle half▲ 21.9%€696,314above the sector's middle half▲ 10.7%€81,771within the sector's middle half▼ 88.3%€74,399within the sector's middle half▼ 9.0%
Solvency77.7%above the sector's middle half▼ 0.8pp71.4%above the sector's middle half▼ 6.3pp80.3%above the sector's middle half▲ 8.9pp15.4%below the sector's middle half▼ 64.9pp28.2%within the sector's middle half▲ 12.8pp
Current ratio5.10above the sector's middle half▲ 0.124.16above the sector's middle half▼ 0.946.55above the sector's middle half▲ 2.401.18within the sector's middle half▼ 5.371.44within the sector's middle half▲ 0.27
Return on assets (ROA)11.7%above the sector's middle half▲ 11.3pp13.7%above the sector's middle half▲ 2.0pp7.1%within the sector's middle half▼ 6.6pp3.0%within the sector's middle half▼ 4.1pp-5.9%below the sector's middle half▼ 8.9pp
Staff (FTE)4.3within the sector's middle half=5.4within the sector's middle half▲ 25.6%4.1within the sector's middle half▼ 24.1%6.8within the sector's middle half▲ 65.9%6.7within the sector's middle half▼ 1.5%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
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 2024: a loss of €6,592 after €31,225 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €258,495
Fixed assets
€16,559 ▼ 46.0%
Current assets
€241,936 ▼ 55.3%
Equity and liabilities €258,495
Equity
€72,907 ▼ 17.3%
Debt
€185,588 ▼ 61.6%
Debt's share of the balance-sheet total falls from 84.6% to 71.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10,362▼
2023 · €46,888
Cash flow
€1,754▼
2023 · €33,038
Debt to equity
2.55▼
2023 · 5.49
ROE
-20.8%▼
2023 · 19.7%
Interest coverage
1.25▼
2023 · 46.77
Debt ≤ 1 year
€167,537▼
2023 · €459,398
Debt > 1 year
€13,982▼
2023 · €23,696
Income taxes
€1,513▼
2023 · €13,185
Staff costs
€786,838▲
2023 · €590,363
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,166 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.2%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,166 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €498,316 | €362,284 | €590,363 | €786,838 | ▲ 33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,901 | €5,370 | €15,021 | €15,663 | €16,955 | ▲ 8.2% |
| Other operating charges640/8 | - | €2,136 | €1,320 | €1,948 | €1,971 | ▲ 1.2% |
| Non-recurring operating charges66A | - | €5,958 | - | - | - | - |
| Gross operating margin9900 | €243,878 | €583,976 | €428,367 | €639,199 | €799,171 | ▲ 25.0% |
| Operating profit (loss)9901 | -€88,709 | €72,195 | €49,743 | €31,225 | -€6,592 | ▼ 121% |
| Financial income75/76B | - | €100,949 | €41,684 | €337 | €1,184 | ▲ 251% |
| Recurring financial income75 | €201,426 | €100,949 | €41,684 | €337 | €1,184 | ▲ 251% |
| Financial charges65/66B | - | €1,634 | €1,674 | €1,003 | €8,280 | ▲ 726% |
| Recurring financial charges65 | €1,619 | €1,634 | €1,674 | €1,003 | €8,280 | ▲ 726% |
| Profit (loss) for the period before taxes9903 | €111,098 | €171,510 | €89,753 | €30,560 | -€13,688 | ▼ 145% |
| Income taxes67/77 | €34,284 | €50,506 | €28,548 | €13,185 | €1,513 | ▼ 88.5% |
| Profit (loss) for the period9904 | €76,814 | €121,004 | €61,205 | €17,375 | -€15,201 | ▼ 187% |
| Profit (loss) for the period to be appropriated9905 | €76,814 | €121,004 | €61,205 | €17,375 | -€15,201 | ▼ 187% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €654,397 | €881,840 | €860,539 | €571,811 | €258,495 | ▼ 54.8% |
| Fixed assets21/28 | €12,764 | €53,850 | €38,829 | €30,642 | €16,559 | ▼ 46.0% |
| Tangible fixed assets22/27 | €12,764 | €53,850 | €38,829 | €30,642 | €16,559 | ▼ 46.0% |
| Plant, machinery and equipment23 | - | €2,586 | €1,896 | €1,207 | €517 | ▼ 57.1% |
| Furniture and vehicles24 | - | €867 | €281 | €6,528 | €6,879 | ▲ 5.4% |
| Leasing and similar rights25 | - | €50,397 | €36,652 | €22,908 | €9,163 | ▼ 60.0% |
| Current assets29/58 | €641,633 | €827,989 | €821,710 | €541,168 | €241,936 | ▼ 55.3% |
| Amounts receivable within one year40/41 | €286,998 | €526,921 | €454,370 | €103,258 | €105,738 | ▲ 2.4% |
| Trade receivables40 | - | €484,923 | €415,284 | €96,706 | €80,346 | ▼ 16.9% |
| Other amounts receivable41 | - | €41,998 | €39,087 | €6,551 | €25,391 | ▲ 288% |
| Cash at bank and in hand54/58 | €96,268 | €294,494 | €353,053 | €421,456 | €121,782 | ▼ 71.1% |
| Deferred charges and accrued income490/1 | - | €6,575 | €14,287 | €16,455 | €14,417 | ▼ 12.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €654,397 | €881,840 | €860,539 | €571,811 | €258,495 | ▼ 54.8% |
| Equity10/15 | €508,524 | €629,528 | €690,733 | €88,108 | €72,907 | ▼ 17.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €446,524 | €567,528 | €628,733 | €26,108 | €10,907 | ▼ 58.2% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €561,328 | €622,533 | €19,908 | €4,707 | ▼ 76.4% |
| Amounts payable17/49 | €145,873 | €252,312 | €169,806 | €483,703 | €185,588 | ▼ 61.6% |
| Amounts payable after more than one year17 | €6,367 | €42,665 | €33,256 | €23,696 | €13,982 | ▼ 41.0% |
| Financial debts170/4 | - | €42,665 | €33,256 | €23,696 | €13,982 | ▼ 41.0% |
| Amounts payable within one year42/48 | €125,824 | €199,220 | €125,396 | €459,398 | €167,537 | ▼ 63.5% |
| Current portion of amounts payable after more than one year42 | - | €9,260 | €9,409 | €9,560 | €9,714 | ▲ 1.6% |
| Trade debts44 | €48,767 | €123,480 | €33,365 | €74,513 | €28,652 | ▼ 61.5% |
| Suppliers440/4 | - | €123,480 | €33,365 | €74,513 | €28,652 | ▼ 61.5% |
| Taxes, remuneration and social security45 | - | €66,480 | €82,622 | €168,684 | €129,172 | ▼ 23.4% |
| Taxes450/3 | - | €20,506 | €28,548 | €66,493 | €25,776 | ▼ 61.2% |
| Remuneration and social security454/9 | - | €45,974 | €54,075 | €102,191 | €103,396 | ▲ 1.2% |
| Other amounts payable47/48 | - | - | - | €206,640 | - | - |
| Accrued charges and deferred income492/3 | - | €10,428 | €11,154 | €610 | €4,069 | ▲ 567% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,814 | €121,004 | €61,205 | €17,375 | -€15,201 | ▼ 187% |
| + Depreciation and write-downs630 | €5,901 | €5,370 | €15,021 | €15,663 | €16,955 | ▲ 8.2% |
| Operating cash flow (approximation) | €82,715 | €126,374 | €76,226 | €33,038 | €1,754 | ▼ 94.7% |
| Investment in fixed assets (approximation) | - | -€46,457 | €0 | -€7,476 | -€2,871 | ▲ 61.6% |
| Change in cash | - | €198,226 | €58,559 | €68,403 | -€299,674 | ▼ 538% |
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
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€15,201
Net result drops to -€15,201, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €121,004 ▲57.5%
Operating result €72,195, net result €121,004, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Equity above €500,000Eq €508,524 ▲17.8%
2 profitable years in a row build equity to €508,524.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €2,395
Net result €2,395 after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
13-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Diest · 1 establishment unit since 2010
Ground area
56 m²
Building footprint
55 m²
Volume, LiDAR
426 m³
Parcel 24020A0045/00T000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ECORUS NV
since 20102.191.953.936
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24020A0045/00T000indicative | Flanders | 56 m² | 1 · 55 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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dash+
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 7,116 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0827559854
Registered
02-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.