ECOSEARCH
ActiveECOSEARCH has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58.38M and a net result of €3.61M. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 296 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
short-term debt: 0.4% and cash: 17.5% of total assets, and 0.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
99.6%
Return on assets
6.2%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
71 d early
2023
68 d early
2022
66 d late
2021
39 d early
2020
53 d early
2019
34 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.65M▼ 33.4%
2024 · €2.47M
2022: €5.30M
2023: €4.82M
2024: €2.47M
2022 → 2025
EBIT margin
16.9%▲ 3.6pp
2024 · 13.4%
2022: 5.1%
2023: 9.9%
2024: 13.4%
2022 → 2025
Net result
€3.61M▼ 35.5%
2024 · €5.59M
2018: €1.21M
2019: €453k
2020: €20.75M
2021: €7.99M
2022: €816k
2023: €2.36M
2024: €5.59M
2018 → 2025
Working capital
€44.73M▲ 8.8%
2024 · €41.11M
2018: €430k
2019: €904k
2020: €21.55M
2021: €29.56M
2022: €33.63M
2023: €35.67M
2024: €41.11M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.30M€4.82M▼ 9.1%€2.47M▼ 48.7%€1.65M▼ 33.4%
Equity€46.06M-€46.86M▲ 1.7%€49.21M▲ 5.0%€54.78M▲ 11.3%€58.38M▲ 6.6%
Operating result€295k-€271k▼ 7.9%€476k▲ 75.5%€330k▼ 30.6%€279k▼ 15.6%
Net result€7.99M-€816k▼ 89.8%€2.36M▲ 190%€5.59M▲ 136%€3.61M▼ 35.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58.60M
Fixed assets
€13.64M▼ 0.3%
Current assets
€44.96M▲ 8.8%
Equity and liabilities €58.60M
Equity
€58.38M▲ 6.6%
Debt
€223k▲ 9.5%
The debt ratio stays at 0.4%.
Key figures and ratios
EBITDA
€317k▼
2024 · €371k
Cash flow
€3.64M▼
2024 · €5.63M
Solvency
99.6%=
2024 · 99.6%
Debt / equity
0.00▲
2024 · 0.00
ROE
6.2%▼
2024 · 10.2%
ROA
6.2%▼
2024 · 10.2%
Interest coverage
0.40▼
2024 · 0.94
Debt
€223k▲
2024 · €204k
Debt ≤ 1 year
€222k▲
2024 · €200k
Income taxes
€266k▲
2024 · €255k
Staff costs
€335k▲
2024 · €316k
A ratio outside any meaningful range has been withheld (balance sheet total €58.60M, equity €58.38M).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€54.99M€58.60M▲
Fixed assets21/28€13.68M€13.64M▼
Tangible fixed assets22/27€107k€72k▼
Furniture and vehicles24€107k€72k▼
Financial fixed assets28€13.57M€13.57M=
Affiliated companies280/1€13.57M€13.57M=
Participating interests280€13.57M€13.57M=
Current assets29/58€41.31M€44.96M▲
Amounts receivable within one year40/41€310k€2.24M▲
Trade receivables40€251k€216k▼
Other amounts receivable41€59k€2.03M▲
Current investments50/53€40.55M€32.30M▼
Other investments51/53€40.55M€32.30M▼
Cash at bank and in hand54/58€227k€10.24M▲
Deferred charges and accrued income490/1€223k€170k▼
Equity and liabilities
Total equity and liabilities10/49€54.99M€58.60M▲
Equity10/15€54.78M€58.38M▲
Contributions10/11€5.51M€5.51M=
Reserves13€49.28M€52.87M▲
Distributable reserves133€49.28M€52.87M▲
Amounts payable17/49€204k€223k▲
Amounts payable within one year42/48€200k€222k▲
Trade debts44€111k€99k▼
Suppliers440/4€111k€99k▼
Taxes, remuneration and social security45€75k€109k▲
Taxes450/3€24k€24k▼
Remuneration and social security454/9€50k€85k▲
Other amounts payable47/48€14k€14k=
Accrued charges and deferred income492/3€4k€330▼
Income statement
Code20242025
Operating income70/76A€2.50M€1.66M▼
Turnover70€2.47M€1.65M▼
Other operating income74€20k€17k▼
Non-recurring operating income76A€12k-
Operating charges60/66A€2.17M€1.39M▼
Goods for resale, raw materials and consumables60€1.47M€676k▼
Purchases600/8€1.47M€676k▼
Services and other goods61€325k€299k▼
Remuneration, social security and pensions62€316k€335k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€38k▼
Other operating charges640/8€28k€37k▲
Operating profit (loss)9901€330k€279k▼
Financial income75/76B€5.91M€4.38M▼
Recurring financial income75€5.91M€4.38M▼
Income from current assets751€3.64M€3.63M▼
Other financial income752/9€2.26M€744k▼
Financial charges65/66B€396k€784k▲
Recurring financial charges65€396k€784k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€330k€98k▼
Other financial charges652/9€65k€686k▲
Profit (loss) for the period before taxes9903€5.84M€3.87M▼
Income taxes67/77€255k€266k▲
Taxes670/3€262k€266k▲
Tax adjustments and reversals of tax provisions77€7k-
Profit (loss) for the period9904€5.59M€3.61M▼
Profit (loss) for the period to be appropriated9905€5.59M€3.61M▼
Appropriation of the result
Profit (loss) to be appropriated9906€5.59M€3.61M▼
Transfer to equity691/2€5.57M€3.59M▼
To other reserves6921€5.57M€3.59M▼
Profit to be distributed694/7€14k€14k=
Employees696€14k€14k=
Social balance
Average headcount (FTE)90873.03.1▲
The notes to these accounts (31 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
General meeting · Director reappointment
Director appointment
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €50MEq €54.78M ▲11.3%
7 profitable years in a row build equity to €54.78M.
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 66 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €20.75M ▲4477%
Net result €20.75M, the highest in the series.
31-12
Financial
Liquidity times 31current ratio 49.15
Current ratio from 1.61 to 49.15; short-term debt falls from €1.49M to €448k.
31-12
Financial
Equity above €25MEq €38.08M ▲120%
3 profitable years in a row build equity to €38.08M.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 34 days late
2019
31-12
Financial
Weakest financial yearnet €453k ▼62.5%
Net result drops to €453k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB 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, Huldenberg · 1 establishment unit since 2002
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.
V. Philipsstraat 223040 HuldenbergGround area
1,931 m²
Building footprint
266 m²
Volume, LiDAR
1,762 m³
Parcel 24045B0690/00C000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V. Philipsstraat 22, 3040 Huldenberg
since 20022.115.549.115
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24045B0690/00C000 | Flanders | 1,931 m² | 1 · 266 m² | 10.7 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.
Structure & network
Ownership & control
1 partyECOSEARCHBE 0478.297.892
controls
Where this company holds controlthis company sits on their board1
8 locations
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 861 EUR awarded · 861 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 750 EUR | 750 EUR |
| 2023 | 1 | 111 EUR | 111 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,012 companies in sector 96999 we hold annual accounts for 602. 16 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2002
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
93053
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.