ECOSYNTH
InactiveECOSYNTH was declared bankrupt on 02-01-2024 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 17-02-2026, published in the Belgian State Gazette on 20-02-2026.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 10-01-2024, 163 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
163 d late
2021
94 d late
2020
31 d late
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-242k▲ 11.0%
2021 · €-271k
2018: €50k
2019: €65k
2020: €-152k
2021: €-271k
2018 → 2022
Working capital
€-327k▼ 1,674%
2021 · €-18k
2018: €107k
2019: €201k
2020: €209k
2021: €-18k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€567k-€632k▲ 11.6%€480k▼ 24.0%€209k▼ 56.5%€50k▼ 76.2%
Operating result€66k-€81k▲ 23.3%€-139k€-258k▼ 85.7%€-226k▲ 12.4%
Net result€50k-€65k▲ 31.2%€-152k€-271k▼ 79.0%€-242k▲ 11.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €226k in 2022 against €258k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €730k
Fixed assets
€588k ▼ 10.8%
Current assets
€143k ▼ 60.8%
Equity and liabilities €730k
Equity
€50k ▼ 76.2%
Debt
€681k ▼ 16.4%
Debt's share of the balance-sheet total rises from 79.6% to 93.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-85k=
2021 · €-85k
Cash flow
€-100k▼
2021 · €-98k
Current ratio
0.30▼
2021 · 0.95
Debt to equity
13.67▲
2021 · 3.90
ROE
-485.4%▼
2021 · -130.0%
ROA
-33.1%▼
2021 · -26.5%
Interest coverage
-5.77▲
2021 · -6.67
Debt ≤ 1 year
€469k▲
2021 · €382k
Debt > 1 year
€211k▼
2021 · €282k
Income taxes
€534▼
2021 · €581
Staff costs
€248k▼
2021 · €779k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 57 lines
Balance sheet
Code20212022
Assets
Total assets20/58€1.02M€730k▼
Fixed assets21/28€659k€588k▼
Intangible fixed assets21€33k€25k▼
Tangible fixed assets22/27€609k€463k▼
Plant, machinery and equipment23€574k€463k▼
Furniture and vehicles24€2k€154▼
Leasing and similar rights25€32k€0▼
Financial fixed assets28€17k€100k▲
Current assets29/58€364k€143k▼
Amounts receivable within one year40/41€337k€122k▼
Trade receivables40€197k€87k▼
Other amounts receivable41€140k€34k▼
Current investments50/53€175€1k▲
Cash at bank and in hand54/58€26k€17k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.02M€730k▼
Equity10/15€209k€50k▼
Contributions10/11€435k€435k=
Capital10€435k€435k=
Issued capital100€435k€435k=
Revaluation surpluses12-€83k
Reserves13€131k€131k=
Non-distributable reserves130/1€44k€44k=
Legal reserve130€44k€44k=
Distributable reserves133€88k€88k=
Profit (loss) carried forward14€-358k€-599k▼
Amounts payable17/49€814k€681k▼
Amounts payable after more than one year17€282k€211k▼
Financial debts170/4€282k€211k▼
Amounts payable within one year42/48€382k€469k▲
Current portion of amounts payable after more than one year42€95k€93k▼
Financial debts43€150k€150k▲
Credit institutions430/8€150k€150k▲
Trade debts44€84k€127k▲
Suppliers440/4€84k€127k▲
Taxes, remuneration and social security45€54k€50k▼
Taxes450/3€14k€27k▲
Remuneration and social security454/9€40k€23k▼
Other amounts payable47/48€0€49k▲
Accrued charges and deferred income492/3€150k€0▼
Income statement
Code20212022
Non-recurring operating income76A€13k€24k▲
Remuneration, social security and pensions62€779k€248k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€173k€141k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€696k€165k▼
Operating profit (loss)9901€-258k€-226k▲
Financial income75/76B€198€0▼
Recurring financial income75€198€0▼
Financial charges65/66B€13k€15k▲
Recurring financial charges65€13k€15k▲
Profit (loss) for the period before taxes9903€-271k€-241k▲
Income taxes67/77€581€534▼
Profit (loss) for the period9904€-271k€-242k▲
Profit (loss) for the period to be appropriated9905€-271k€-242k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-358k€-599k▼
Profit (loss) brought forward from the previous period14P€-86k€-358k▼
Social balance
Average headcount (FTE)908710.74.2▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
20-02
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 17-02-2026
2024
15-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 163 days late
12-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 02-01-2024
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 163 days late
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 94 days late
2021
31-12
Financial
Weakest financial yearnet €-271k
Net result drops to €-271k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €65k ▲31.2%
Operating result €81k, net result €65k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Show earlier events
14-06
State Gazette act
General meeting · Name change
Corporate purpose · Director appointment
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
13-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2012
20-03
State Gazette act
General meeting · Director appointment
Permanent representative · Board composition
2011
23-12
State Gazette act
Incorporation · Corporate purpose
Member admission · Director appointment
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DIRK LEROUX KORTRIJKSESTEENWEG 964, 9000 GENT- |
02-01-2024 → 17-02-2026 |
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
European research
4 projects · 635,042 EUR EU contributionProgrammes
Seventh Framework Programme
Horizon 2020
Projects
Inhibiting Nef: a novel drug target for HIV-host interactions
"The Singlet Oxygen Strategy: sustainable oxidation procedures for applications in material science, synthesis, wastewater treatment, diagnostics and therapeutics"
Photocatalysis as a tool for synthetic organic chemistry
Accelerating photoredox catalysis in continuous-flow systems