ECOSPRINGER
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 10-07-2026 at the NBB all 15 filings
Equity
-€350,537▼ 21.4%
2024 · -€288,682
Total assets
€4.0m▼ 0.6%
2024 · €4.1m
Net result
-€61,855▼ 23.2%
2024 · -€50,194
Working capital
-€355,536▼ 21.1%
2024 · -€293,681
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€61,668
▼ 23.4%
2025
20182025
Net result
-€61,855
▼ 23.2%
2025
20182025
Equity
-€350,537
▼ 21.4%
2025
20182025
Total assets
€4.0m
▼ 0.6%
2025
20182025
Debt
€4.4m
▲ 0.8%
2025
20182025
Working capital
-€355,536
▼ 21.1%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.02m--€0.004m▲ 74.7%-€0.1m▼ 2,952%-€0.05m▲ 64.3%-€0.1m▼ 212%€0.06m-€0.05m-€0.06m▼ 23.4%
Net result-€0.02m--€0.003m▲ 79.6%-€0.1m▼ 3,588%-€0.05m▲ 63.5%-€0.1m▼ 211%€0.06m-€0.05m-€0.06m▼ 23.2%
Equity€0.02m-€0.02m▼ 14.8%-€0.1m-€0.2m▼ 43.2%-€0.3m▼ 93.9%-€0.2m▲ 21.1%-€0.3m▼ 21.0%-€0.4m▼ 21.4%
Total assets€0.03m-€0.02m▼ 12.9%€4.2m▲ 188×€4.4m▲ 4.1%€4.2m▼ 5.4%€4.1m▼ 1.0%€4.1m▼ 1.8%€4.0m▼ 0.6%
Debt€0.002m-€0.002m▲ 6.9%€4.3m▲ 1,797×€4.6m▲ 5.1%€4.5m▼ 2.0%€4.4m▼ 2.4%€4.3m▼ 0.5%€4.4m▲ 0.8%
Working capital€0.02m-€0.02m▼ 14.9%-€0.2m-€0.2m▼ 2.0%-€0.3m▼ 50.7%-€0.2m▲ 20.8%-€0.3m▼ 20.6%-€0.4m▼ 21.1%
The operating result for 2025 is a loss of €61,668, larger than the loss of €49,966 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€4.0m ▼ 1.1%
Current assets
€28,303 ▲ 164%
Equity and liabilities
Equity-€350,537
Debt€4.4m
Equity is negative. Debt (€4.4m) exceeds the balance-sheet total (€4.0m).
Key figures and ratios
EBITDA
-€18,668▼
2024 · -€6,966
Cash flow
-€18,855▼
2024 · -€7,194
Solvency
-8.7%▼
2024 · -7.1%
Current ratio
0.07▲
2024 · 0.04
ROA
-1.5%▼
2024 · -1.2%
Interest coverage
-99.69▼
2024 · -30.63
Debt ≤ 1 year
€383,839▲
2024 · €304,388
Debt > 1 year
€4.0m▼
2024 · €4.0m
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.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €38,001 | €43,000 | €43,000 | €43,000 | €43,000 | €43,000 | = |
| Other operating charges640/8 | - | - | - | €928 | €1,211 | €1,331 | €1,343 | €1,408 | ▲ 4.8% |
| Gross operating margin9900 | -€16,620 | -€3,940 | -€92,524 | -€2,849 | -€101,814 | €108,423 | -€5,623 | -€17,259 | ▼ 207% |
| Operating profit (loss)9901 | -€16,967 | -€4,288 | -€130,873 | -€46,777 | -€146,025 | €64,092 | -€49,966 | -€61,668 | ▼ 23.4% |
| Recurring financial income75 | €14 | €860 | €1,985 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €292 | €354 | €266 | €227 | €187 | ▼ 17.7% |
| Recurring financial charges65 | €173 | €71 | €122 | €292 | €354 | €266 | €227 | €187 | ▼ 17.7% |
| Profit (loss) for the period before taxes9903 | -€17,126 | -€3,498 | -€129,009 | -€47,069 | -€146,379 | €63,826 | -€50,194 | -€61,855 | ▼ 23.2% |
| Profit (loss) for the period9904 | -€17,126 | -€3,498 | -€129,009 | -€47,069 | -€146,379 | €63,826 | -€50,194 | -€61,855 | ▼ 23.2% |
| Profit (loss) for the period to be appropriated9905 | -€17,126 | -€3,498 | -€129,009 | -€47,069 | -€146,379 | €63,826 | -€50,194 | -€61,855 | ▼ 23.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.03m | €0.02m | €4.2m | €4.4m | €4.2m | €4.1m | €4.1m | €4.0m | ▼ 0.6% |
| Fixed assets21/28 | - | - | €4.2m | €4.2m | €4.1m | €4.1m | €4.0m | €4.0m | ▼ 1.1% |
| Tangible fixed assets22/27 | - | - | €4.2m | €4.2m | €4.1m | €4.1m | €4.0m | €4.0m | ▼ 1.1% |
| Land and buildings22 | - | - | - | €4.2m | €4.1m | €4.1m | €4.0m | €4.0m | ▼ 1.1% |
| Current assets29/58 | €0.03m | €0.02m | €0.02m | €0.2m | €0.04m | €0.04m | €0.01m | €0.03m | ▲ 164% |
| Stocks and contracts in progress3 | - | - | - | €0.2m | - | - | - | - | - |
| Contracts in progress37 | - | - | - | €0.2m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.004m | €0.02m | €0.02m | €0.04m | €0.04m | €0.04m | €23 | - | - |
| Trade receivables40 | - | - | - | - | - | €64 | - | - | - |
| Other amounts receivable41 | - | - | - | €0.04m | €0.04m | €0.04m | €23 | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.002m | - | €0.01m | €0.001m | €216 | €0.01m | €0.03m | ▲ 165% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.03m | €0.02m | €4.2m | €4.4m | €4.2m | €4.1m | €4.1m | €4.0m | ▼ 0.6% |
| Equity10/15 | €0.02m | €0.02m | -€0.1m | -€0.2m | -€0.3m | -€0.2m | -€0.3m | -€0.4m | ▼ 21.4% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | €0.002m | €0.002m | = |
| Other1319 | - | - | - | - | - | €0.002m | - | - | - |
| Distributable reserves133 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.02m | -€0.1m | -€0.2m | -€0.3m | -€0.3m | -€0.3m | -€0.4m | ▼ 18.8% |
| Amounts payable17/49 | €0.002m | €0.002m | €4.3m | €4.6m | €4.5m | €4.4m | €4.3m | €4.4m | ▲ 0.8% |
| Amounts payable after more than one year17 | - | - | €4.1m | €4.1m | €4.1m | €4.1m | €4.0m | €4.0m | ▼ 1.1% |
| Financial debts170/4 | - | - | - | €4.1m | €4.1m | €4.1m | €4.0m | €4.0m | ▼ 1.1% |
| Amounts payable within one year42/48 | €0.002m | €0.002m | €0.2m | €0.4m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 26.1% |
| Trade debts44 | €0.001m | €0.002m | €0.003m | €0.2m | €0.003m | €0.004m | €83 | €0.005m | ▲ 58× |
| Suppliers440/4 | - | - | - | €0.2m | €0.003m | €0.004m | €83 | €0.005m | ▲ 58× |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 24.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,126 | -€3,498 | -€129,009 | -€47,069 | -€146,379 | €63,826 | -€50,194 | -€61,855 | ▼ 23.2% |
| + Depreciation and write-downs630 | - | - | €38,001 | €43,000 | €43,000 | €43,000 | €43,000 | €43,000 | = |
| Operating cash flow (approximation) | -€17,126 | -€3,498 | -€91,009 | -€4,069 | -€103,379 | €106,826 | -€7,194 | -€18,855 | ▼ 162% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€19,764 | - | - | -€9,164 | -€996 | €10,468 | €17,619 | ▲ 68.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,216 companies had the same profile as ECOSPRINGER has now. Two years later, 95.7% were still going and 1.1% had gone bankrupt.
- Small
- 10 to 20 years old
- negative equity
- a small loss
95.7%
was still going
2.6%
stopped otherwise
1.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ECOSPRINGER itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,216 companies, not a prediction for ECOSPRINGER. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00277874 | |
| 31-12-2024 | micro format | 13-06-2025 | 2025-00135945 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00414087 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00386596 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20389899 | |
| 31-12-2020 | abbreviated format | 24-08-2021 | 2021-53600031 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-47600474 | |
| 31-12-2018 | micro format | 04-07-2019 | 2019-29000574 | |
| 31-12-2017 | micro format | 12-06-2018 | 2018-17800321 | |
| 31-12-2016 | micro format | 26-06-2017 | 2017-21500304 |