Ecoson Materials
ActiveSummary
Ecoson Materials has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11.7m and a net result of €3.2m. Equity is growing by ~29.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+20
Solvency100▲+4
Growth69▲+17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,050,000 at 30 days acceptable
Liquidity ample (current ratio 4.16 against 3.45 in 2023; short-term debt: 23.9% of total assets), and 24.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
75.9%
Return on assets
20.8%
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 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 03-01-2026 was due by 03-08-2026 and was filed on 17-06-2026, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
47 d early
2024
48 d early
2023
29 d early
2022
4 d early
2021
51 d early
2020
3 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?DARLING INGREDIENTS INC. · 16 companies
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Financials · fiscal year 2024, full schema
In the rankings
#2 oldest company in Beveren-Kruibeke-Zwijndrecht, Water and waste sector#5 company by equity in Beveren-Kruibeke-Zwijndrecht, Water and waste sector#8 company by staff growth in East Flanders, Waste collection and treatment sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€19.8m▲ 7.7%
2023 · €18.4m
EBIT margin
18.2%▲ 9.3pp
2023 · 8.9%
Net result
€3.2m▲ 132%
2023 · €1.4m
Working capital
€11.7m▲ 39.8%
2023 · €8.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal 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
Turnover€16.6m€17.6m▲ 6.0%€18.4m▲ 4.4%€19.8m▲ 7.7%
Operating result€2.9m▲ 94.4%€2.8m▼ 0.9%€2.2m▼ 22.6%€1.6m▼ 25.6%€3.6m▲ 120%
Net result€2.4mabove the sector's middle half▲ 132%€2.3mabove the sector's middle half▼ 1.2%€1.9mabove the sector's middle half▼ 20.4%€1.4mabove the sector's middle half▼ 25.2%€3.2mabove the sector's middle half▲ 132%
EBIT margin17.0%12.5%▼ 4.6pp8.9%▼ 3.6pp18.2%▲ 9.3pp
Equity€2.9mabove the sector's middle half▼ 3.0%€5.3mwithin the sector's middle half▲ 79.5%€7.1mabove the sector's middle half▲ 35.3%€8.5mabove the sector's middle half▲ 19.5%€11.7mabove the sector's middle half▲ 37.9%
Total assets€7.6mabove the sector's middle half▲ 12.7%€7.3mwithin the sector's middle half▼ 3.6%€13.3mwithin the sector's middle half▲ 81.6%€12.0mwithin the sector's middle half▼ 9.9%€15.5mwithin the sector's middle half▲ 29.2%
Debt€4.7m▲ 25.5%€2.0m▼ 56.0%€6.2m▲ 201%€3.5m▼ 43.8%€3.7m▲ 7.8%
Working capital€2.8mabove the sector's middle half▼ 8.4%€5.0mabove the sector's middle half▲ 80.3%€6.8mabove the sector's middle half▲ 36.0%€8.3mabove the sector's middle half▲ 23.2%€11.7mabove the sector's middle half▲ 39.8%
Solvency38.7%within the sector's middle half▼ 6.3pp72.0%above the sector's middle half▲ 33.3pp53.6%within the sector's middle half▼ 18.4pp71.1%above the sector's middle half▲ 17.5pp75.9%above the sector's middle half▲ 4.8pp
Current ratio1.62within the sector's middle half▼ 0.283.62above the sector's middle half▲ 2.002.10within the sector's middle half▼ 1.523.45above the sector's middle half▲ 1.354.16above the sector's middle half▲ 0.71
Return on assets (ROA)31.1%above the sector's middle half▲ 16.0pp31.9%above the sector's middle half▲ 0.8pp14.0%above the sector's middle half▼ 17.9pp11.6%above the sector's middle half▼ 2.4pp20.8%above the sector's middle half▲ 9.2pp
Staff (FTE)20.7above the sector's middle half▲ 7.3%22.2within the sector's middle half▲ 7.2%20.8within the sector's middle half▼ 6.3%22.7within the sector's middle half▲ 9.1%25.2within the sector's middle half▲ 11.0%
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 120% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15.5m
Fixed assets
€121,769 ▼ 47.4%
Current assets
€15.4m ▲ 30.7%
Equity and liabilities €15.5m
Equity
€11.7m ▲ 37.9%
Debt
€3.7m ▲ 7.8%
Debt's share of the balance-sheet total falls from 28.9% to 24.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.7m▲
2023 · €1.8m
Cash flow
€3.3m▲
2023 · €1.5m
Quick ratio
4.15▲
2023 · 3.45
Debt to equity
0.32▼
2023 · 0.41
ROE
27.5%▲
2023 · 16.3%
Interest coverage
800.31▼
2023 · 4823.49
Debt ≤ 1 year
€3.7m▲
2023 · €3.4m
Income taxes
€801,275▲
2023 · €528,063
Staff costs
€1.8m▲
2023 · €1.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,134 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €16.7m | €17.8m | €18.4m | €19.9m | ▲ 7.9% |
| Turnover70 | - | €16.6m | €17.6m | €18.4m | €19.8m | ▲ 7.7% |
| Other operating income74 | - | €65,536 | €181,014 | €51,384 | €84,714 | ▲ 64.9% |
| Non-recurring operating income76A | - | €41,094 | €10,135 | €4,089 | - | - |
| Operating charges60/66A | - | €13.9m | €15.6m | €16.8m | €16.3m | ▼ 3.0% |
| Goods for resale, raw materials and consumables60 | - | €5.5m | €5.7m | €6.5m | €5.6m | ▼ 14.0% |
| Purchases600/8 | - | €5.5m | €5.7m | €6.5m | €5.6m | ▼ 13.5% |
| Change in stocks: decrease (increase)609 | - | €6,586 | €4,310 | €14,123 | -€20,449 | ▼ 245% |
| Services and other goods61 | - | €6.8m | €8.4m | €8.3m | €8.7m | ▲ 5.0% |
| Remuneration, social security and pensions62 | - | €1.3m | €1.3m | €1.7m | €1.8m | ▲ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €209,286 | €209,326 | €171,986 | €121,221 | €109,928 | ▼ 9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €15,692 | -€3,830 | - | €213 | - |
| Other operating charges640/8 | - | €1,928 | €5,467 | €7,948 | €3,947 | ▼ 50.3% |
| Non-recurring operating charges66A | - | €2,684 | €5,764 | €101,812 | - | - |
| Gross operating margin9900 | €4.2m | - | - | - | - | - |
| Operating profit (loss)9901 | €2.9m | €2.8m | €2.2m | €1.6m | €3.6m | ▲ 120% |
| Financial income75/76B | - | €10 | €18,552 | €290,753 | €436,843 | ▲ 50.2% |
| Recurring financial income75 | €1,130 | €5 | €15,785 | €286,975 | €436,843 | ▲ 52.2% |
| Income from current assets751 | - | - | €15,785 | €286,959 | €434,399 | ▲ 51.4% |
| Other financial income752/9 | - | €5 | €0 | €15 | €2,444 | ▲ 15,982% |
| Non-recurring financial income76B | - | €5 | €2,767 | €3,779 | - | - |
| Financial charges65/66B | - | €15,594 | €12,764 | €5,163 | €4,629 | ▼ 10.3% |
| Recurring financial charges65 | €14,902 | €13,629 | €12,764 | €5,163 | €4,629 | ▼ 10.3% |
| Debt charges650 | - | €4,715 | €2,433 | €364 | - | - |
| Other financial charges652/9 | - | €8,915 | €10,331 | €4,800 | €4,629 | ▼ 3.5% |
| Non-recurring financial charges66B | - | €1,965 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €2.8m | €2.8m | €2.2m | €1.9m | €4.0m | ▲ 110% |
| Income taxes67/77 | €481,791 | €482,672 | €340,925 | €528,063 | €801,275 | ▲ 51.7% |
| Taxes670/3 | - | €482,672 | €340,925 | €528,063 | €801,275 | ▲ 51.7% |
| Profit (loss) for the period9904 | €2.4m | €2.3m | €1.9m | €1.4m | €3.2m | ▲ 132% |
| Transfer from tax-exempt reserves789 | - | €1.1m | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €3.4m | €1.9m | €1.4m | €3.2m | ▲ 132% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.6m | €7.3m | €13.3m | €12.0m | €15.5m | ▲ 29.2% |
| Fixed assets21/28 | €399,236 | €433,610 | €352,917 | €231,696 | €121,769 | ▼ 47.4% |
| Tangible fixed assets22/27 | €399,236 | €433,610 | €352,917 | €231,696 | €121,769 | ▼ 47.4% |
| Plant, machinery and equipment23 | - | €414,495 | €302,246 | €197,415 | €99,990 | ▼ 49.4% |
| Furniture and vehicles24 | - | €19,115 | €50,671 | €34,282 | €21,778 | ▼ 36.5% |
| Current assets29/58 | €7.2m | €6.9m | €12.9m | €11.7m | €15.4m | ▲ 30.7% |
| Stocks and contracts in progress3 | €52,350 | €45,764 | €41,454 | €27,331 | €47,780 | ▲ 74.8% |
| Stocks30/36 | - | €45,764 | €41,454 | €27,331 | €47,780 | ▲ 74.8% |
| Raw materials and consumables30/31 | - | €28,907 | €19,210 | €14,689 | €19,600 | ▲ 33.4% |
| Goods purchased for resale34 | - | €16,857 | €22,244 | €12,643 | €28,180 | ▲ 123% |
| Amounts receivable within one year40/41 | €2.6m | €3.8m | €12.8m | €11.7m | €15.3m | ▲ 30.7% |
| Trade receivables40 | - | €2.7m | €5.1m | €3.2m | €3.8m | ▲ 17.9% |
| Other amounts receivable41 | - | €1.1m | €7.7m | €8.5m | €11.5m | ▲ 35.5% |
| Cash at bank and in hand54/58 | €4.5m | €3.1m | €22,301 | €7,099 | - | - |
| Deferred charges and accrued income490/1 | - | €3,577 | €59,745 | - | €318 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.6m | €7.3m | €13.3m | €12.0m | €15.5m | ▲ 29.2% |
| Equity10/15 | €2.9m | €5.3m | €7.1m | €8.5m | €11.7m | ▲ 37.9% |
| Contributions10/11 | €204,850 | €204,850 | €204,850 | €204,850 | €204,850 | = |
| Capital10 | - | €204,850 | - | - | - | - |
| Issued capital100 | - | €204,850 | - | - | - | - |
| Reserves13 | €2.7m | €5.1m | €5.1m | €5.1m | €5.1m | = |
| Non-distributable reserves130/1 | - | €20,485 | - | - | - | - |
| Legal reserve130 | - | €20,485 | - | - | - | - |
| Distributable reserves133 | - | €5.0m | €5.1m | €5.1m | €5.1m | = |
| Profit (loss) carried forward14 | - | - | €1.9m | €3.2m | €6.5m | ▲ 99.3% |
| Amounts payable17/49 | €4.7m | €2.0m | €6.2m | €3.5m | €3.7m | ▲ 7.8% |
| Amounts payable after more than one year17 | €225,000 | €75,000 | - | - | - | - |
| Financial debts170/4 | - | €75,000 | - | - | - | - |
| Credit institutions173 | - | €75,000 | - | - | - | - |
| Amounts payable within one year42/48 | €4.4m | €1.9m | €6.2m | €3.4m | €3.7m | ▲ 8.5% |
| Current portion of amounts payable after more than one year42 | - | €150,000 | €75,000 | - | - | - |
| Trade debts44 | €1.7m | €1.6m | €5.9m | €2.8m | €2.4m | ▼ 13.6% |
| Suppliers440/4 | - | €1.6m | €5.9m | €2.8m | €2.4m | ▼ 13.6% |
| Taxes, remuneration and social security45 | - | €113,803 | €174,933 | €566,902 | €1.2m | ▲ 119% |
| Taxes450/3 | - | €2,672 | €43,497 | €276,830 | €836,062 | ▲ 202% |
| Remuneration and social security454/9 | - | €111,131 | €131,436 | €290,072 | €405,073 | ▲ 39.6% |
| Other amounts payable47/48 | - | €2,684 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €69,606 | €373 | €58,850 | €39,854 | ▼ 32.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.4m | €2.3m | €1.9m | €1.4m | €3.2m | ▲ 132% |
| + Depreciation and write-downs630 | €209,286 | €209,326 | €171,986 | €121,221 | €109,928 | ▼ 9.3% |
| Operating cash flow (approximation) | €2.6m | €2.5m | €2.0m | €1.5m | €3.3m | ▲ 121% |
| Investment in fixed assets (approximation) | - | -€243,700 | -€91,294 | €0 | €0 | - |
| Change in cash | - | -€1.5m | -€3.1m | -€15,202 | - | - |
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
2026
17-06
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-12
Financial
Highest result since 2018net €3.2m ▲132%
Operating result €3.6m, net result €3.2m, both a record.
28-12
Financial
Equity above €10mEq €11.7m ▲37.9%
7 profitable years in a row build equity to €11.7m.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity doublescurrent ratio 3.62
Current ratio from 1.62 to 3.62; short-term debt falls from €4.4m to €1.9m.
31-12
Financial
Equity above €5mEq €5.3m ▲79.5%
4 profitable years in a row build equity to €5.3m.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €1.0m ▼35.6%
Net result drops to €1.0m, the lowest in the series; recovery starts the following year.
Show earlier events
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts
We know of 20 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
20 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1990
Ground area
4.8 ha
Building footprint
94 m²
Volume, LiDAR
130 m³
Parcel 46010A0322/00G000, Flanders · tallest building 3.4 m. Linked by address, not a title deed.
1 establishment unit
Ecoson Materials
since 19902.035.690.597
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46010A0322/00G000 | Flanders | 4.8 ha | 1 · 94 m² | 3.4 m |
Linked by address, not proof of ownership
Good to know
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
Part of the group
DARLING INGREDIENTS INC.
16 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
- Darling Ingredients International Holding BV
- DARLING INGREDIENTS BELGIUM HOLDING
- DYNERGY
- Ecoson Energy Materials & Treatment
- Ecoson Materials
Highest known parent: Darling Ingredients International Holding BV. The sources do not say who stands above it.
Owners 2
- 100%
-
4 shares
Holdings 0
The accounts to 28-12-2024 list no holdings, and no other source names one.
According to the annual accounts to 28-12-2024 of Ecoson Materials and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
European research
1 project · 38,438 EUR EU contributionProgrammes
Projects
Lactic acid and biosurfactants sourced from sustainable agricultural and industrial (food) WASTE feedstocks as novel FUNCtional ingredients for consumer products
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Of 279 companies in sector 38330 we hold annual accounts for 240. 119 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
Founded09-04-1986
Fiscal year end03-01
Activities, NACEBEL 2025
38330Waste collection, recovery and disposal activities
28300Manufacture of machinery and equipment not elsewhere classified
33120Repair and maintenance of machinery
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428828684
Also
9925:BE0428828684
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.