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ECOTHERMIC

Active
Private limited companyfounded 20242 yrs activeRue de Fairoul(Fra) 68, 5650 Walcourt, BelgiumKBO/BCE: BE 1007.466.150
Summary

The computed 12-month bankruptcy probability of ECOTHERMIC is 6.4% (elevated). The 2024 annual accounts show negative equity (-€34,712) and a net result of -€36,312. Its solvency ranks better than 5% of 36380 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
6.4% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54; short-term debt: 186.8% and cash: 3.9% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-86.8%
Return on assets
-90.8%
Age of the figures
21 mo
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-03-2026, 216 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 · 1 filing
Deviation from the deadline
2024
216 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 216 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 March 2024, ECOTHERMIC was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€34,712
Total assets
€39,983
Net result
-€36,312
Working capital
-€34,712

Turnover and EBIT margin not published: the micro schema does not require them.

Key figures and ratios
2024 value
Solvency
-86.8%
Current ratio
0.54
Debt to equity
-2.15
ROA
-90.8%
Debt
€74,695
Debt ≤ 1 year
€74,695
Staff costs
€100,527

Peer companies

Historical observation

Of the 7,663 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.4% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 6.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 7,663 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
Filed annual accounts As filed with the NBB · 2024 · 31 lines
Balance sheet Code2024
Assets
Total assets20/58€39,983
Fixed assets21/28€0
Financial fixed assets28€0
Current assets29/58€39,983
Amounts receivable within one year40/41€38,427
Trade receivables40€26,120
Other amounts receivable41€12,308
Cash at bank and in hand54/58€1,556
Equity and liabilities
Total equity and liabilities10/49€39,983
Equity10/15-€34,712
Contributions10/11€1,600
Profit (loss) carried forward14-€36,312
Amounts payable17/49€74,695
Amounts payable within one year42/48€74,695
Trade debts44€70,398
Suppliers440/4€70,398
Taxes, remuneration and social security45€4,118
Remuneration and social security454/9€4,118
Other amounts payable47/48€179
Income statement Code2024
Remuneration, social security and pensions62€100,527
Other operating charges640/8€149
Gross operating margin9900€64,431
Operating profit (loss)9901-€36,245
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€67
Recurring financial charges65€67
Profit (loss) for the period before taxes9903-€36,312
Profit (loss) for the period9904-€36,312
Profit (loss) for the period to be appropriated9905-€36,312
Appropriation of the result
Profit (loss) to be appropriated9906-€36,312

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€100,527
Other operating charges640/8€149
Gross operating margin9900€64,431
Operating profit (loss)9901-€36,245
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€67
Recurring financial charges65€67
Profit (loss) for the period before taxes9903-€36,312
Profit (loss) for the period9904-€36,312
Profit (loss) for the period to be appropriated9905-€36,312
Line2024
Assets
Total assets20/58€39,983
Fixed assets21/28€0
Financial fixed assets28€0
Current assets29/58€39,983
Amounts receivable within one year40/41€38,427
Trade receivables40€26,120
Other amounts receivable41€12,308
Cash at bank and in hand54/58€1,556
Equity and liabilities
Total equity and liabilities10/49€39,983
Equity10/15-€34,712
Contributions10/11€1,600
Profit (loss) carried forward14-€36,312
Amounts payable17/49€74,695
Amounts payable within one year42/48€74,695
Trade debts44€70,398
Suppliers440/4€70,398
Taxes, remuneration and social security45€4,118
Remuneration and social security454/9€4,118
Other amounts payable47/48€179
Line2024
Profit (loss) for the period9904-€36,312
Operating cash flow (approximation)-€36,312

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
04-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 216 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
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, Walcourt · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
417 m²
Building footprint
62 m²
Parcel 93024B0171/00T000, Wallonia. Linked by address, not a title deed.
1 establishment unit
ECOTHERMIC
Rue de Fairoul(Fra) 68, 5650 WalcourtRepair, maintenance and installation of machinery and equipment
since 20242.358.448.694
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
93024B0171/00T000 Wallonia 417 m² 1 · 62 m² -
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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,536 companies in sector 43222 we hold annual accounts for 5,667. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded22-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:1007466150
Also 9925:BE1007466150
Registered 06-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.