ECOTERM.BE
ActiveSummary
ECOTERM.BE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €871,082 and a net result of €74,691. Equity is growing by ~48.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability43▼-47
Solvency81▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 2.21 against 2.67 in 2023; short-term debt: 44% and cash: 13.1% of total assets), and 44.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
55.9%
Return on assets
4.8%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
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
2023
26 d late
2022
3 d early
2021
31 d late
2020
17 d early
2019
54 d late
2018
21 d late
← 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 14 days after the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€871,082▲ 0.8%
2023 · €864,572
Total assets
€1.6m▼ 18.4%
2023 · €1.9m
Net result
€74,691▼ 76.7%
2023 · €320,991
Working capital
€832,804▼ 28.5%
2023 · €1.2m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result€23,064▼ 73.1%€64,079▲ 178%€480,333▲ 650%€463,819▼ 3.4%€190,977-
Net result€14,380within the sector's middle half▼ 73.8%€39,412within the sector's middle half▲ 174%€308,006above the sector's middle half▲ 681%€320,991above the sector's middle half▲ 4.2%€74,691within the sector's middle half-
Equity€196,164above the sector's middle half▲ 7.9%€235,576within the sector's middle half▲ 20.1%€543,582within the sector's middle half▲ 131%€864,572within the sector's middle half▲ 59.1%€871,082within the sector's middle half-
Total assets€432,076above the sector's middle half▲ 5.5%€561,956within the sector's middle half▲ 30.1%€1.1mwithin the sector's middle half▲ 93.6%€1.9mwithin the sector's middle half▲ 75.5%€1.6mwithin the sector's middle half-
Debt€235,912▲ 3.5%€326,380▲ 38.3%€544,134▲ 66.7%€1.0m▲ 92.0%€687,578-
Working capital€182,716above the sector's middle half▲ 8.5%€221,743within the sector's middle half▲ 21.4%€571,189within the sector's middle half▲ 158%€1.2mabove the sector's middle half▲ 104%€832,804above the sector's middle half-
Solvency45.4%within the sector's middle half▲ 1.0pp41.9%within the sector's middle half▼ 3.5pp50.0%within the sector's middle half▲ 8.1pp45.3%within the sector's middle half▼ 4.7pp55.9%within the sector's middle half-
Current ratio1.78within the sector's middle half▲ 0.021.69within the sector's middle half▼ 0.092.18within the sector's middle half▲ 0.492.67within the sector's middle half▲ 0.482.21within the sector's middle half-
Return on assets (ROA)3.3%within the sector's middle half▼ 10.1pp7.0%within the sector's middle half▲ 3.7pp28.3%above the sector's middle half▲ 21.3pp16.8%above the sector's middle half▼ 11.5pp4.8%within the sector's middle half-
Staff (FTE)0.1below the sector's middle half▼ 80.0%0.7below the sector's middle half2within the sector's middle half▲ 186%2.1within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €190,977 in 2025, compared with €463,819 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€39,745 ▼ 16.7%
Current assets
€1.5m ▼ 18.4%
Equity and liabilities €1.6m
Equity
€871,082 ▲ 0.8%
Debt
€687,578 ▼ 34.2%
Debt's share of the balance-sheet total falls from 54.7% to 44.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€211,757▼
2023 · €474,020
Cash flow
€95,471▼
2023 · €331,191
Quick ratio
1.45▲
2023 · 0.99
Debt to equity
0.79▼
2023 · 1.21
ROE
8.6%▼
2023 · 37.1%
Interest coverage
2.15▼
2023 · 11.61
Debt ≤ 1 year
€686,110▼
2023 · €697,631
Income taxes
€23,359▼
2023 · €106,150
Staff costs
€270,635▲
2023 · €166,942
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 10,905 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0 | €47,294 | €166,942 | €270,635 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,597 | €4,428 | €4,530 | €10,201 | €20,780 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €12,374 | €0 | - |
| Other operating charges640/8 | - | €543 | €54,739 | €707 | €3,304 | - |
| Gross operating margin9900 | €30,918 | €69,049 | €586,896 | €654,043 | €485,695 | - |
| Operating profit (loss)9901 | €23,064 | €64,079 | €480,333 | €463,819 | €190,977 | - |
| Financial income75/76B | - | €3,431 | €1,513 | €4,134 | €5,585 | - |
| Recurring financial income75 | €1,788 | €3,431 | €1,513 | €4,134 | €5,585 | - |
| Financial charges65/66B | - | €7,489 | €18,271 | €40,812 | €98,511 | - |
| Recurring financial charges65 | €2,651 | €7,489 | €18,271 | €40,812 | €98,511 | - |
| Profit (loss) for the period before taxes9903 | €22,201 | €60,021 | €463,575 | €427,141 | €98,050 | - |
| Income taxes67/77 | €7,821 | €20,609 | €155,570 | €106,150 | €23,359 | - |
| Profit (loss) for the period9904 | €14,380 | €39,412 | €308,006 | €320,991 | €74,691 | - |
| Profit (loss) for the period to be appropriated9905 | €14,380 | €39,412 | €308,006 | €320,991 | €74,691 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €432,076 | €561,956 | €1.1m | €1.9m | €1.6m | - |
| Fixed assets21/28 | €15,776 | €20,093 | €34,157 | €47,724 | €39,745 | - |
| Tangible fixed assets22/27 | €15,776 | €20,093 | €34,157 | €47,724 | €39,745 | - |
| Land and buildings22 | - | €7,481 | €5,340 | €3,201 | €1,325 | - |
| Plant, machinery and equipment23 | - | €9,876 | €15,450 | €21,238 | €14,846 | - |
| Furniture and vehicles24 | - | €2,736 | €13,367 | €23,285 | €23,574 | - |
| Current assets29/58 | €416,300 | €541,863 | €1.1m | €1.9m | €1.5m | - |
| Stocks and contracts in progress3 | €187,089 | €224,889 | €597,318 | €1.2m | €525,425 | - |
| Stocks30/36 | - | €224,889 | €597,318 | €1.2m | €525,425 | - |
| Amounts receivable within one year40/41 | €101,601 | €146,679 | €323,148 | €390,809 | €777,887 | - |
| Trade receivables40 | - | €118,187 | €287,833 | €341,240 | €637,904 | - |
| Other amounts receivable41 | - | €28,491 | €35,316 | €49,569 | €139,983 | - |
| Cash at bank and in hand54/58 | €126,146 | €164,214 | €129,720 | €204,199 | €203,652 | - |
| Deferred charges and accrued income490/1 | - | €6,080 | €3,372 | €96,900 | €11,950 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €432,076 | €561,956 | €1.1m | €1.9m | €1.6m | - |
| Equity10/15 | €196,164 | €235,576 | €543,582 | €864,572 | €871,082 | - |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | - |
| Reserves13 | €154,620 | €194,032 | €502,032 | €502,032 | €864,882 | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €0 | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €0 | - |
| Tax-exempt reserves132 | - | €21,107 | €21,107 | €21,107 | €21,107 | - |
| Distributable reserves133 | - | €171,065 | €479,065 | €479,065 | €843,775 | - |
| Profit (loss) carried forward14 | €35,344 | €35,344 | €35,349 | €356,340 | €0 | - |
| Amounts payable17/49 | €235,912 | €326,380 | €544,134 | €1.0m | €687,578 | - |
| Amounts payable within one year42/48 | €233,584 | €320,119 | €482,370 | €697,631 | €686,110 | - |
| Financial debts43 | - | - | - | €345,648 | €268,764 | - |
| Credit institutions430/8 | - | - | - | €345,648 | €268,764 | - |
| Trade debts44 | €128,769 | €237,922 | €215,081 | €111,159 | €298,939 | - |
| Suppliers440/4 | - | €237,922 | €215,081 | €111,159 | €298,939 | - |
| Taxes, remuneration and social security45 | - | €82,197 | €267,289 | €240,824 | €118,407 | - |
| Taxes450/3 | - | €82,197 | €256,470 | €223,057 | €95,781 | - |
| Remuneration and social security454/9 | - | - | €10,819 | €17,767 | €22,626 | - |
| Accrued charges and deferred income492/3 | - | €6,261 | €61,765 | €347,115 | €1,468 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,380 | €39,412 | €308,006 | €320,991 | €74,691 | - |
| + Depreciation and write-downs630 | €4,597 | €4,428 | €4,530 | €10,201 | €20,780 | - |
| Operating cash flow (approximation) | €18,977 | €43,840 | €312,536 | €331,191 | €95,471 | - |
| Investment in fixed assets (approximation) | - | -€8,745 | -€18,594 | -€23,767 | - | - |
| Change in cash | - | €38,068 | -€34,494 | €74,479 | - | - |
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
15-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Highest result since 2018net €320,991 ▲4.2%
Net result €320,991, the highest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500,000Eq €543,582 ▲131%
5 profitable years in a row build equity to €543,582.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €200,000Eq €235,576 ▲20.1%
4 profitable years in a row build equity to €235,576.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €14,380 ▼73.8%
Net result drops to €14,380, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Equity above €150,000Eq €181,783 ▲43.2%
2 profitable years in a row build equity to €181,783.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
Show earlier events
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 17 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2014
Ground area
1,000 m²
Building footprint
777 m²
Volume, LiDAR
4,936 m³
Parcel 46014A0224/00T000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ecoterm.be
since 20142.227.469.101
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A0224/00T000 | Flanders | 1,000 m² | 1 · 777 m² | 7.2 m · 2 fl. |
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.
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 5,670 EUR awarded · 5,670 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,150 EUR | 3,150 EUR |
| 2024 | 1 | 2,520 EUR | 2,520 EUR |
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Of 473 companies in this sector we hold annual accounts for 347. 256 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded07-02-2014
Fiscal year end30-06
Activities, NACEBEL 2025
46842Wholesale trade
47690Retail sale of other cultural and recreation goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0545853543
Also
9925:BE0545853543
Registered
16-12-2025
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.