ECOTHERM+
ActiveECOTHERM+ has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €282k and a net result of €32k. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 94% of 11613 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability56▼-25
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 14.49 against 4.89 in 2023), and 6.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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 2024Solvency, return and age of the figures
Solvency
93.6%
Return on assets
10.5%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
66 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€402k
EBIT margin
8.3%
Net result
€32k▼ 21.6%
2023 · €40k
2018: €8k
2019: €40k
2020: €66k
2021: €64k
2022: €28k
2023: €40k
2018 → 2024
Working capital
€259k▲ 17.7%
2023 · €220k
2018: €21k
2019: €54k
2020: €108k
2021: €170k
2022: €173k
2023: €220k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€402k
Equity€118k-€182k▲ 54.7%€210k▲ 15.2%€250k▲ 19.2%€282k▲ 12.6%
Operating result€79k-€79k▲ 0.2%€33k▼ 58.0%€49k▲ 47.5%€44k▼ 11.3%
Net result€66k-€64k▼ 2.7%€28k▼ 56.9%€40k▲ 45.2%€32k▼ 21.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €301k
Fixed assets
€23k▼ 24.6%
Current assets
€278k▲ 0.6%
Equity and liabilities €301k
Equity
€282k▲ 12.6%
Debt
€19k▼ 66.1%
The debt ratio falls from 18.4% to 6.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€53k▼
2023 · €60k
Cash flow
€41k▼
2023 · €51k
Solvency
93.6%▲
2023 · 81.6%
Current ratio
14.49▲
2023 · 4.89
Quick ratio
14.19▲
2023 · 4.72
Debt / equity
0.07▼
2023 · 0.23
ROE
11.2%▼
2023 · 16.1%
ROA
10.5%▼
2023 · 13.1%
Interest coverage
67.04▼
2023 · 68.28
Debt
€19k▼
2023 · €56k
Debt ≤ 1 year
€19k▼
2023 · €56k
Income taxes
€13k▲
2023 · €12k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€306k€301k▼
Fixed assets21/28€30k€23k▼
Tangible fixed assets22/27€30k€23k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€30k€21k▼
Current assets29/58€276k€278k▲
Stocks and contracts in progress3€10k€6k▼
Stocks30/36€10k€6k▼
Amounts receivable within one year40/41€53k€20k▼
Trade receivables40€49k€15k▼
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€212k€250k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€306k€301k▼
Equity10/15€250k€282k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€231k€263k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€229k€261k▲
Amounts payable17/49€56k€19k▼
Amounts payable within one year42/48€56k€19k▼
Trade debts44€34k€713▼
Suppliers440/4€34k€713▼
Taxes, remuneration and social security45€19k€7k▼
Taxes450/3€12k€4k▼
Remuneration and social security454/9€7k€3k▼
Other amounts payable47/48€3k€11k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€910
Other operating charges640/8€2k€1k▼
Gross operating margin9900€62k€55k▼
Operating profit (loss)9901€49k€44k▼
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€880€793▼
Recurring financial charges65€880€793▼
Profit (loss) for the period before taxes9903€52k€45k▼
Income taxes67/77€12k€13k▲
Profit (loss) for the period9904€40k€32k▼
Profit (loss) for the period to be appropriated9905€40k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€32k▼
Transfer to equity691/2€40k€32k▼
To other reserves6921€40k€32k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 14.49
Current ratio from 4.89 to 14.49; short-term debt falls from €56k to €19k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €200kEq €210k ▲15.2%
5 profitable years in a row build equity to €210k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 5.32
Current ratio from 2.33 to 5.32; short-term debt falls from €81k to €39k.
31-12
Financial
Equity above €150kEq €182k ▲54.7%
4 profitable years in a row build equity to €182k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €66k ▲65%
Net result €66k, the highest in the series.
31-12
Financial
Equity above €100kEq €118k ▲85.2%
3 profitable years in a row build equity to €118k.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
VAESSEN Filip Leon Annie Gerrit
CurrentDirector · since 12-03-2024
12-03-2024
Appointed as Director
Location & real-estate footprint
Registered office, Dilsen-Stokkem · 1 establishment unit since 2010
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.
Watertorenstraat 403650 Dilsen-StokkemGround area
1,267 m²
Building footprint
148 m²
Volume, LiDAR
877 m³
Parcel 73043B0300/00G032, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ECOTHERM+
since 20102.184.097.827
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043B0300/00G032 | Flanders | 1,267 m² | 1 · 148 m² | 8.3 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.
Similar companies · same sector, comparable size
ORBITECH
BE 0473.022.874
Temse · Eq €281k
Storm Zandvliet
BE 0501.625.305
Antwerpen · Eq €282k
BUREAU VOOR TECHNISCHE STUDIËN
BE 0433.833.092
De Haan · Eq €281k
IPBuilding
BE 0834.878.208
Aalst · Eq €282k
PECK PROJECTS
BE 0897.319.878
Herentals · Eq €282k
Of 11,505 companies in sector 71121 we hold annual accounts for 6,522. 4,888 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2009
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.