ECOTERM
ActiveECOTERM has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.34M and a net result of €86k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 85% of 7757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (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
Profitability75▼-7
Solvency100▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 3.75 against 11.07 in 2024; short-term debt: 23.6% and cash: 21.2% of total assets), and 23.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
76.4%
Return on assets
4.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-01-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
24 d early
2023
13 d early
2022
6 d early
2021
1 d late
2020
12 d early
2019
15 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.34M▲ 6.9%
2024 · €1.25M
2019: €967k
2020: €992k
2021: €1.06M
2022: €1.12M
2023: €1.16M
2024: €1.25M
2019 → 2025
Total assets
€1.75M▼ 4.6%
2024 · €1.84M
2019: €1.27M
2020: €1.25M
2021: €1.21M
2022: €1.34M
2023: €2.23M
2024: €1.84M
2019 → 2025
Net result
€86k▼ 56.4%
2024 · €197k
2019: €54k
2020: €25k
2021: €69k
2022: €54k
2023: €43k
2024: €197k
2019 → 2025
Working capital
€1.13M▼ 23.6%
2024 · €1.48M
2019: €713k
2020: €854k
2021: €905k
2022: €867k
2023: €1.33M
2024: €1.48M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.06M-€1.12M▲ 5.1%€1.16M▲ 3.8%€1.25M▲ 8.2%€1.34M▲ 6.9%
Operating result€89k-€108k▲ 21.5%€84k▼ 22.2%€274k▲ 225%€148k▼ 45.7%
Net result€69k-€54k▼ 21.6%€43k▼ 20.8%€197k▲ 359%€86k▼ 56.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.75M
Fixed assets
€204k▼ 0.2%
Current assets
€1.55M▼ 5.2%
Equity and liabilities €1.75M
Equity
€1.34M▲ 6.9%
Debt
€413k▼ 29.3%
The debt ratio falls from 31.8% to 23.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€174k▼
2024 · €301k
Cash flow
€112k▼
2024 · €224k
Solvency
76.4%▲
2024 · 68.2%
Current ratio
3.75▼
2024 · 11.07
Quick ratio
2.95▼
2024 · 8.01
Debt / equity
0.31▼
2024 · 0.47
ROE
6.4%▼
2024 · 15.7%
ROA
4.9%▼
2024 · 10.7%
Interest coverage
16.51▼
2024 · 44.32
Debt
€413k▼
2024 · €583k
Debt ≤ 1 year
€413k▲
2024 · €147k
Income taxes
€64k▼
2024 · €78k
Staff costs
€975k▲
2024 · €968k
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€1.84M€1.75M▼
Fixed assets21/28€204k€204k▼
Tangible fixed assets22/27€34k€33k▼
Land and buildings22€1k€773▼
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€29k€28k▼
Financial fixed assets28€171k€171k=
Current assets29/58€1.63M€1.55M▼
Stocks and contracts in progress3€452k€329k▼
Stocks30/36€452k€329k▼
Amounts receivable within one year40/41€734k€788k▲
Trade receivables40€629k€715k▲
Other amounts receivable41€105k€73k▼
Current investments50/53€19k€19k=
Cash at bank and in hand54/58€427k€372k▼
Deferred charges and accrued income490/1€0€39k▲
Equity and liabilities
Total equity and liabilities10/49€1.84M€1.75M▼
Equity10/15€1.25M€1.34M▲
Contributions10/11€6k€6k=
Reserves13€306k€1.33M▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€304k€1.33M▲
Profit (loss) carried forward14€941k€0▼
Amounts payable17/49€583k€413k▼
Amounts payable within one year42/48€147k€413k▲
Current portion of amounts payable after more than one year42€33k€0▼
Financial debts43-€33k
Credit institutions430/8-€33k
Trade debts44€15k€258k▲
Suppliers440/4€15k€258k▲
Taxes, remuneration and social security45€86k€101k▲
Taxes450/3€44k€40k▼
Remuneration and social security454/9€42k€61k▲
Other amounts payable47/48€13k€20k▲
Accrued charges and deferred income492/3€436k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€968k€975k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€26k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€8k
Other operating charges640/8€16k€99k▲
Gross operating margin9900€1.28M€1.26M▼
Operating profit (loss)9901€274k€148k▼
Financial income75/76B€8k€12k▲
Recurring financial income75€8k€12k▲
Financial charges65/66B€7k€11k▲
Recurring financial charges65€7k€11k▲
Profit (loss) for the period before taxes9903€275k€150k▼
Income taxes67/77€78k€64k▼
Profit (loss) for the period9904€197k€86k▼
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€197k€86k▼
Appropriation of the result
Profit (loss) to be appropriated9906€941k€1.03M▲
Profit (loss) brought forward from the previous period14P€744k€941k▲
Transfer from equity791/2€103k€0▼
Transfer to equity691/2€0€1.03M▲
To other reserves6921€0€1.03M▲
Profit to be distributed694/7€103k€0▼
Return on contributions (dividend)694€103k€0▼
Social balance
Average headcount (FTE)908713.113.5▲
The notes to these accounts (13 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
15-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €197k ▲359%
Operating result €274k, net result €197k, both a record.
30-06
Financial
Liquidity triplescurrent ratio 11.07
Current ratio from 3.25 to 11.07; short-term debt falls from €593k to €147k.
18-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
30-06
Financial
Liquidity doublescurrent ratio 14.90
Current ratio from 7.22 to 14.90; short-term debt falls from €137k to €65k.
30-06
Financial
Equity above €1MEq €1.06M ▲7%
3 profitable years in a row build equity to €1.06M.
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €25k ▼52.7%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 7.22
Current ratio from 3.43 to 7.22; short-term debt falls from €293k to €137k.
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 264 days late
2018
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-01
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.
Directors · office · real estate
Directors
2 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, Lokeren · 1 establishment unit since 2014
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.
Klipsenstraat 189160 LokerenGround area
5,629 m²
Building footprint
349 m²
Volume, LiDAR
2,233 m³
Parcel 46014A0223/00D002, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ECOTERM
since 20142.232.756.292
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A0223/00D002 | Flanders | 5,629 m² | 1 · 349 m² | 12.6 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 14,201 EUR awarded · 9,851 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,850 EUR | 1,500 EUR |
| 2024 | 2 | 2,936 EUR | 2,936 EUR |
| 2023 | 2 | 5,251 EUR | 5,251 EUR |
| 2022 | 1 | 164 EUR | 164 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
967600RUZ9USMG2Q2995
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 2,650 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-04-1999
Fiscal year end30-06
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.