ECOSOLUCE
ActiveFinancials · financial year 2022, micro format
2023 annual accounts not yet filed, deadline passed on 31 July 2024 The financial year closed on 31 December 2023. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 5 November 2026.
Annual accounts 2022 filed on 07-08-2023 PDF all 5 filings
Turnover
€78,882▼ 40.1%
2021 · €131,665
EBIT margin
-12.2%▼ 11.4pp
2021 · -0.8%
Net result
-€15,227
2021 · €3,844
Working capital
-€6,065
2021 · €132,404
Multi-year overview
2020 to 2022, 3 financial yearsTurnover
€78,882
▼ 40.1%
2022
20202022
Operating result
-€9,626
▼ 847%
2022
20202022
Net result
-€15,227
2022
lowest quarter of the sector
20202022
EBIT margin
-12.2%
▼ 11.4pp
2022
20202022
Equity
-€26,128
▼ 140%
2022
lowest quarter of the sector
20202022
Total assets
€115,835
▼ 19.3%
2022
middle half of the sector
20202022
Debt
€136,260
▼ 10.6%
2022
20202022
Working capital
-€6,065
2022
middle half of the sector
20202022
Solvency
-22.6%
▼ 15.0pp
2022
lowest quarter of the sector
20202022
Current ratio
0.95
▼ 13.11
2022
middle half of the sector
20202022
Return on assets (ROA)
-13.1%
▼ 15.8pp
2022
lowest quarter of the sector
20202022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022
Turnover€470,374-€131,665▼ 72.0%€78,882▼ 40.1%
Operating result€9,835--€1,016-€9,626▼ 847%
Net result€12,196within the sector's middle half-€3,844within the sector's middle half▼ 68.5%-€15,227below the sector's middle half
EBIT margin2.1%--0.8%▼ 2.9pp-12.2%▼ 11.4pp
Equity-€14,745below the sector's middle half--€10,901below the sector's middle half▲ 26.1%-€26,128below the sector's middle half▼ 140%
Total assets€153,375within the sector's middle half-€143,504within the sector's middle half▼ 6.4%€115,835within the sector's middle half▼ 19.3%
Debt€168,120-€152,490▼ 9.3%€136,260▼ 10.6%
Working capital€6,048within the sector's middle half-€132,404above the sector's middle half▲ 22×-€6,065within the sector's middle half
Solvency-9.6%below the sector's middle half--7.6%below the sector's middle half▲ 2.0pp-22.6%below the sector's middle half▼ 15.0pp
Current ratio1.04within the sector's middle half-14.05above the sector's middle half▲ 13.010.95within the sector's middle half▼ 13.11
Return on assets (ROA)8.0%within the sector's middle half-2.7%within the sector's middle half▼ 5.3pp-13.1%below the sector's middle half▼ 15.8pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2022 is a loss of €9,626, larger than the loss of €1,016 in 2021. It is the lowest result since 2020.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €115,835
Fixed assets
€2,115 ▲ 121%
Current assets
€113,719 ▼ 20.2%
Equity and liabilities
Equity-€26,128
Debt€136,260
Equity is negative. Debt (€136,260) exceeds the balance-sheet total (€115,835).
Key figures and ratios
EBITDA
-€9,073▼
2021 · -€690
Cash flow
-€14,674▼
2021 · €4,170
Interest coverage
-34.05▼
2021 · -3.59
Debt ≤ 1 year
€119,784▲
2021 · €10,142
Debt > 1 year
€16,476▼
2021 · €142,348
Customer credit
242 days▲
2021 · 35 days
Supplier credit
77 days▲
2021 · 29 days
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Overdue debts
| Item | 2021 | 2022 |
|---|---|---|
| Overdue tax debts | - | €298 |
| Overdue social security (RSZ) debts | €9,829 | - |
Source: notes to the 2021 to 2022 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €500 | €1,712 |
| Depreciation and write-downs of the year | €326 | €553 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | €470,374 | €131,665 | €78,882 | ▼ 40.1% |
| Non-recurring operating income76A | - | €5 | €79 | ▲ 16× |
| Goods, raw materials, services and sundry goods60/61 | - | €129,602 | €79,898 | ▼ 38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,136 | €326 | €553 | ▲ 69.5% |
| Other operating charges640/8 | - | €1,781 | €2,801 | ▲ 57.3% |
| Non-recurring operating charges66A | - | €977 | €5,335 | ▲ 446% |
| Gross operating margin9900 | €13,159 | €2,068 | -€937 | - |
| Operating profit (loss)9901 | €9,835 | -€1,016 | -€9,626 | ▼ 847% |
| Financial income75/76B | - | €5,053 | - | - |
| Recurring financial income75 | €265 | €3 | - | - |
| Non-recurring financial income76B | - | €5,050 | - | - |
| Financial charges65/66B | - | €192 | €5,601 | ▲ 29× |
| Recurring financial charges65 | €404 | €192 | €266 | ▲ 38.5% |
| Non-recurring financial charges66B | - | - | €5,335 | - |
| Profit (loss) for the period before taxes9903 | €9,696 | €3,844 | -€15,227 | - |
| Income taxes67/77 | -€2,500 | - | - | - |
| Profit (loss) for the period9904 | €12,196 | €3,844 | -€15,227 | - |
| Profit (loss) for the period to be appropriated9905 | €12,196 | €3,844 | -€15,227 | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €153,375 | €143,504 | €115,835 | ▼ 19.3% |
| Fixed assets21/28 | €783 | €957 | €2,115 | ▲ 121% |
| Intangible fixed assets21 | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €448 | €622 | €1,780 | ▲ 186% |
| Furniture and vehicles24 | - | €622 | €1,780 | ▲ 186% |
| Financial fixed assets28 | €335 | €335 | €335 | = |
| Current assets29/58 | €152,592 | €142,547 | €113,719 | ▼ 20.2% |
| Amounts receivable after more than one year29 | - | €77,553 | - | - |
| Other amounts receivable291 | - | €77,553 | - | - |
| Amounts receivable within one year40/41 | €125,081 | €15,704 | €76,685 | ▲ 388% |
| Trade receivables40 | - | €12,721 | €52,293 | ▲ 311% |
| Other amounts receivable41 | - | €2,983 | €24,392 | ▲ 718% |
| Cash at bank and in hand54/58 | €27,473 | €17,250 | €10,994 | ▼ 36.3% |
| Deferred charges and accrued income490/1 | - | €32,040 | €26,040 | ▼ 18.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €153,375 | €143,504 | €115,835 | ▼ 19.3% |
| Equity10/15 | -€14,745 | -€10,901 | -€26,128 | ▼ 140% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | = |
| Capital10 | - | €1,500 | €1,500 | = |
| Issued capital100 | - | €1,500 | €1,500 | = |
| Reserves13 | €150 | €150 | €150 | = |
| Non-distributable reserves130/1 | - | €150 | €150 | = |
| Legal reserve130 | - | €150 | €150 | = |
| Profit (loss) carried forward14 | -€16,395 | -€12,551 | -€27,778 | ▼ 121% |
| Provisions and deferred taxes16 | - | €1,914 | €5,703 | ▲ 198% |
| Provisions for liabilities and charges160/5 | - | €1,914 | €5,703 | ▲ 198% |
| Other liabilities and charges164/5 | - | €1,914 | €5,703 | ▲ 198% |
| Amounts payable17/49 | €168,120 | €152,490 | €136,260 | ▼ 10.6% |
| Amounts payable after more than one year17 | €21,576 | €142,348 | €16,476 | ▼ 88.4% |
| Financial debts170/4 | - | €17,088 | €16,178 | ▼ 5.3% |
| Other amounts payable178/9 | - | €125,260 | €298 | ▼ 99.8% |
| Amounts payable within one year42/48 | €146,543 | €10,142 | €119,784 | ▲ 12× |
| Financial debts43 | - | - | €102,908 | - |
| Other loans439 | - | - | €102,908 | - |
| Trade debts44 | - | €10,142 | €16,876 | ▲ 66.4% |
| Suppliers440/4 | - | €10,142 | €16,876 | ▲ 66.4% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,196 | €3,844 | -€15,227 | - |
| + Depreciation and write-downs630 | €1,136 | €326 | €553 | ▲ 69.5% |
| Operating cash flow (approximation) | €13,332 | €4,170 | -€14,674 | - |
| Investment in fixed assets (approximation) | - | -€500 | -€1,712 | ▼ 242% |
| Change in cash | - | -€10,223 | -€6,256 | ▲ 38.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 07-08-2023 | 2023-00323892 | |
| 31-12-2021 | micro format | 18-08-2022 | 2022-20320568 | |
| 31-12-2020 | micro format | 08-07-2021 | 2021-34300117 | |
| 31-12-2011 | full format | 27-08-2012 | 2012-46900359 | |
| 31-12-2010 | full format | 11-07-2011 | 2011-28600298 |