ECOS+
ActiveSummary
ECOS+ has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €79,999 and a net result of €445. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 46% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability48▼-35
Solvency59▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.37 in 2023; short-term debt: 66.3% and cash: 14% of total assets), and 66.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Wholesale trade (NACE 46)
about 21% more 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
33.7%
Return on assets
0.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
30 d early
2022
12 d early
2021
29 d late
2020
121 d late
2019
152 d late
← 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 55 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€79,999▲ 0.6%
2023 · €79,554
Total assets
€237,303▼ 10.8%
2023 · €266,008
Net result
€445▼ 98.6%
2023 · €30,818
Working capital
€72,893▲ 4.9%
2023 · €69,486
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€38,527▲ 676%€47,279▲ 22.7%€28,768▼ 39.2%€39,144▲ 36.1%€2,216▼ 94.3%
Net result€30,938above the sector's middle half▲ 645%€35,610above the sector's middle half▲ 15.1%€23,166within the sector's middle half▼ 34.9%€30,818above the sector's middle half▲ 33.0%€445within the sector's middle half▼ 98.6%
Equity€59,959within the sector's middle half▲ 107%€95,569within the sector's middle half▲ 59.4%€48,735within the sector's middle half▼ 49.0%€79,554within the sector's middle half▲ 63.2%€79,999within the sector's middle half▲ 0.6%
Total assets€185,024within the sector's middle half▲ 26.7%€253,233within the sector's middle half▲ 36.9%€267,107within the sector's middle half▲ 5.5%€266,008within the sector's middle half▼ 0.4%€237,303within the sector's middle half▼ 10.8%
Debt€125,065▲ 6.9%€157,664▲ 26.1%€218,372▲ 38.5%€186,454▼ 14.6%€157,304▼ 15.6%
Working capital€58,966▲ 105%€86,754▲ 47.1%€38,115▼ 56.1%€69,486▲ 82.3%€72,893▲ 4.9%
Solvency32.4%within the sector's middle half▲ 12.5pp37.7%within the sector's middle half▲ 5.3pp18.2%within the sector's middle half▼ 19.5pp29.9%within the sector's middle half▲ 11.7pp33.7%within the sector's middle half▲ 3.8pp
Staff (FTE)1.41.5▲ 7.1%2.1▲ 40.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
The operating result falls in 2024; 2024 is 94% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €237,303
Fixed assets
€7,106 ▼ 29.4%
Current assets
€230,197 ▼ 10.1%
Equity and liabilities €237,303
Equity
€79,999 ▲ 0.6%
Debt
€157,304 ▼ 15.6%
Debt's share of the balance-sheet total falls from 70.1% to 66.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,221▼
2023 · €42,588
Cash flow
€4,450▼
2023 · €34,263
Current ratio
1.46▲
2023 · 1.37
Quick ratio
0.63▼
2023 · 0.76
Debt to equity
1.97▼
2023 · 2.34
ROE
0.6%▼
2023 · 38.7%
ROA
0.2%▼
2023 · 11.6%
Interest coverage
3.51▼
2023 · 10.15
Debt ≤ 1 year
€157,304▼
2023 · €186,454
Income taxes
-€0▼
2023 · €4,148
Staff costs
€75,129▲
2023 · €58,735
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 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 5,049 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 | - | €33,221 | €51,461 | €58,735 | €75,129 | ▲ 27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,259 | €1,022 | €2,885 | €3,444 | €4,005 | ▲ 16.3% |
| Other operating charges640/8 | - | €3,421 | €8,272 | €934 | €667 | ▼ 28.5% |
| Gross operating margin9900 | €42,741 | €84,944 | €91,386 | €102,257 | €82,017 | ▼ 19.8% |
| Operating profit (loss)9901 | €38,527 | €47,279 | €28,768 | €39,144 | €2,216 | ▼ 94.3% |
| Financial income75/76B | - | €6 | €56 | €19 | €3 | ▼ 81.7% |
| Recurring financial income75 | €80 | €6 | €56 | €19 | €3 | ▼ 81.7% |
| Financial charges65/66B | - | €1,324 | €2,918 | €4,196 | €1,774 | ▼ 57.7% |
| Recurring financial charges65 | €808 | €1,324 | €2,918 | €4,196 | €1,774 | ▼ 57.7% |
| Profit (loss) for the period before taxes9903 | €37,799 | €45,961 | €25,906 | €34,967 | €445 | ▼ 98.7% |
| Income taxes67/77 | €6,861 | €10,351 | €2,740 | €4,148 | -€0 | ▼ 100% |
| Profit (loss) for the period9904 | €30,938 | €35,610 | €23,166 | €30,818 | €445 | ▼ 98.6% |
| Profit (loss) for the period to be appropriated9905 | €30,938 | €35,610 | €23,166 | €30,818 | €445 | ▼ 98.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €185,024 | €253,233 | €267,107 | €266,008 | €237,303 | ▼ 10.8% |
| Fixed assets21/28 | €993 | €8,815 | €10,621 | €10,068 | €7,106 | ▼ 29.4% |
| Intangible fixed assets21 | - | €4,669 | €5,024 | €4,450 | €2,920 | ▼ 34.4% |
| Tangible fixed assets22/27 | €993 | €4,146 | €5,596 | €5,618 | €4,186 | ▼ 25.5% |
| Furniture and vehicles24 | - | €4,146 | €5,596 | €5,618 | €4,186 | ▼ 25.5% |
| Current assets29/58 | €184,031 | €244,418 | €256,486 | €255,940 | €230,197 | ▼ 10.1% |
| Stocks and contracts in progress3 | €99,191 | €139,924 | €121,474 | €114,652 | €130,620 | ▲ 13.9% |
| Stocks30/36 | - | €139,924 | €121,474 | €114,652 | €130,620 | ▲ 13.9% |
| Amounts receivable within one year40/41 | €29,440 | €34,344 | €71,008 | €47,789 | €62,402 | ▲ 30.6% |
| Trade receivables40 | - | €34,344 | €71,008 | €47,789 | €62,402 | ▲ 30.6% |
| Other amounts receivable41 | - | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €55,399 | €68,998 | €63,128 | €88,089 | €33,180 | ▼ 62.3% |
| Deferred charges and accrued income490/1 | - | €1,152 | €877 | €5,409 | €3,995 | ▼ 26.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €185,024 | €253,233 | €267,107 | €266,008 | €237,303 | ▼ 10.8% |
| Equity10/15 | €59,959 | €95,569 | €48,735 | €79,554 | €79,999 | ▲ 0.6% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | - | - |
| Distributable reserves133 | - | - | - | - | €2,000 | - |
| Profit (loss) carried forward14 | €37,959 | €73,569 | €26,735 | €57,554 | €57,999 | ▲ 0.8% |
| Amounts payable17/49 | €125,065 | €157,664 | €218,372 | €186,454 | €157,304 | ▼ 15.6% |
| Amounts payable within one year42/48 | €125,065 | €157,664 | €218,372 | €186,454 | €157,304 | ▼ 15.6% |
| Current portion of amounts payable after more than one year42 | - | - | €100 | €100 | - | - |
| Trade debts44 | €65,823 | €88,554 | €75,108 | €49,573 | €47,976 | ▼ 3.2% |
| Suppliers440/4 | - | €74,107 | €60,661 | €49,573 | €47,976 | ▼ 3.2% |
| Bills of exchange payable441 | - | €14,448 | €14,448 | - | - | - |
| Taxes, remuneration and social security45 | - | €25,537 | €30,086 | €35,553 | €25,260 | ▼ 29.0% |
| Taxes450/3 | - | €17,032 | €20,295 | €17,258 | €9,377 | ▼ 45.7% |
| Remuneration and social security454/9 | - | €8,505 | €9,791 | €18,295 | €15,884 | ▼ 13.2% |
| Other amounts payable47/48 | - | €43,573 | €113,078 | €101,228 | €84,067 | ▼ 17.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,938 | €35,610 | €23,166 | €30,818 | €445 | ▼ 98.6% |
| + Depreciation and write-downs630 | €1,259 | €1,022 | €2,885 | €3,444 | €4,005 | ▲ 16.3% |
| Operating cash flow (approximation) | €32,198 | €36,632 | €26,052 | €34,263 | €4,450 | ▼ 87.0% |
| Investment in fixed assets (approximation) | - | -€8,843 | -€4,691 | -€2,892 | -€1,043 | ▲ 63.9% |
| Change in cash | - | €13,599 | -€5,869 | €24,961 | -€54,910 | ▼ 320% |
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
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Weakest financial yearnet €445 ▼98.6%
Net result drops to €445, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €35,610 ▲15.1%
Operating result €47,279, net result €35,610, both a record.
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Herstal · 1 establishment unit since 2017
Ground area
674 m²
Building footprint
22 m²
Volume, LiDAR
86 m³
Parcel 62051C0240/00Z002, Wallonia · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ECOS+
since 20172.265.300.188
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62051C0240/00Z002indicative | Wallonia | 674 m² | 1 · 22 m² | 11.2 m · 1 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.
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Of 473 companies in sector 46842 we hold annual accounts for 347. 193 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
Founded17-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46842Wholesale trade
47529Retail trade
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
46836Wholesale trade
47527Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675793852
Also
9925:BE0675793852
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.