ECOVOLET
ActiveECOVOLET has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €603k and a net result of €20k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 23% of 209 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability17▼-23
Solvency26▲+3
Growth67=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity short (current ratio 0.36 against 0.41 in 2023), and 75.5% 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 22
Relative position
BE, all sectors
reference
Sector 22
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 209 sector peers (2024).
NBB · sector comparisonPosition among 209 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-09-2025, 36 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
36 d late
2023
27 d late
2022
44 d early
2021
33 d early
2020
46 d early
2019
38 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€2.76M▼ 9.9%
2022 · €3.06M
2018: €2.28M
2019: €2.39M
2020: €2.50M
2021: €3.17M
2022: €3.06M
2018 → 2023
EBIT margin
3.6%▲ 0.6pp
2022 · 3.0%
2018: -2.0%
2019: 2.0%
2020: 7.0%
2021: 6.7%
2022: 3.0%
2018 → 2023
Net result
€20k▼ 57.8%
2023 · €49k
2018: €-98k
2019: €13k
2020: €150k
2021: €176k
2022: €66k
2023: €49k
2018 → 2024
Working capital
€-511k▼ 16.7%
2023 · €-438k
2018: €-356k
2019: €-76k
2020: €64k
2021: €-103k
2022: €-445k
2023: €-438k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€2.50M-€3.17M▲ 26.7%€3.06M▼ 3.6%€2.76M▼ 9.9%
Equity€321k-€489k▲ 52.4%€549k▲ 12.1%€590k▲ 7.5%€603k▲ 2.2%
Operating result€175k-€211k▲ 20.5%€92k▼ 56.3%€99k▲ 7.6%€57k▼ 42.4%
Net result€150k-€176k▲ 17.2%€66k▼ 62.2%€49k▼ 26.9%€20k▼ 57.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 42% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.46M
Fixed assets
€2.17M▼ 3.9%
Current assets
€290k▼ 5.3%
Equity and liabilities €2.46M
Equity
€603k▲ 2.2%
Provisions
€81k▼ 4.3%
Debt
€1.78M▼ 6.1%
The debt ratio falls from 73.7% to 72.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€202k▼
2023 · €241k
Cash flow
€165k▼
2023 · €190k
Solvency
24.5%▲
2023 · 23.0%
Current ratio
0.36▼
2023 · 0.41
Quick ratio
0.18▲
2023 · 0.17
Debt / equity
2.95▼
2023 · 3.21
ROE
3.4%▼
2023 · 8.2%
ROA
0.8%▼
2023 · 1.9%
Interest coverage
2.89▲
2023 · 2.72
Debt
€1.78M▼
2023 · €1.89M
Debt ≤ 1 year
€801k▲
2023 · €744k
Debt > 1 year
€975k▼
2023 · €1.15M
Income taxes
€11k▼
2023 · €16k
Staff costs
€451k▲
2023 · €440k
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€2.57M€2.46M▼
Fixed assets21/28€2.26M€2.17M▼
Tangible fixed assets22/27€2.26M€2.17M▼
Land and buildings22€1.91M€1.84M▼
Plant, machinery and equipment23€290k€261k▼
Furniture and vehicles24€12k€46k▲
Leasing and similar rights25€47k€29k▼
Financial fixed assets28€2k€2k=
Current assets29/58€306k€290k▼
Stocks and contracts in progress3€179k€144k▼
Stocks30/36€179k€144k▼
Amounts receivable within one year40/41€106k€112k▲
Trade receivables40€102k€80k▼
Other amounts receivable41€4k€33k▲
Cash at bank and in hand54/58€382€12k▲
Deferred charges and accrued income490/1€20k€22k▲
Equity and liabilities
Total equity and liabilities10/49€2.57M€2.46M▼
Equity10/15€590k€603k▲
Contributions10/11€550k€550k=
Capital10€550k-
Issued capital100€550k-
Profit (loss) carried forward14€-132k€-112k▲
Investment grants15€172k€165k▼
Provisions and deferred taxes16€85k€81k▼
Deferred taxes168€85k€81k▼
Amounts payable17/49€1.89M€1.78M▼
Amounts payable after more than one year17€1.15M€975k▼
Financial debts170/4€901k€775k▼
Other amounts payable178/9€250k€200k▼
Amounts payable within one year42/48€744k€801k▲
Current portion of amounts payable after more than one year42€170k€167k▼
Financial debts43€51k€9k▼
Credit institutions430/8€51k€9k▼
Trade debts44€133k€221k▲
Suppliers440/4€133k€221k▲
Taxes, remuneration and social security45€95k€116k▲
Taxes450/3€30k€37k▲
Remuneration and social security454/9€65k€79k▲
Other amounts payable47/48€295k€288k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20232024
Turnover70€2.76M-
Non-recurring operating income76A€50k-
Goods, raw materials, services and sundry goods60/61€2.08M-
Remuneration, social security and pensions62€440k€451k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€142k€144k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€51k€48k▼
Non-recurring operating charges66A€1k€275▼
Gross operating margin9900€734k€705k▼
Operating profit (loss)9901€99k€57k▼
Financial income75/76B€50k€40k▼
Recurring financial income75€50k€40k▼
Financial charges65/66B€89k€70k▼
Recurring financial charges65€89k€70k▼
Profit (loss) for the period before taxes9903€61k€28k▼
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€16k€11k▼
Profit (loss) for the period9904€49k€20k▼
Profit (loss) for the period to be appropriated9905€49k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-132k€-112k▲
Profit (loss) brought forward from the previous period14P€-181k€-132k▲
Social balance
Average headcount (FTE)90878.810.7▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 36 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500kEq €549k ▲12.1%
4 profitable years in a row build equity to €549k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €176k ▲17.2%
Operating result €211k, net result €176k, both a record.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €200kEq €321k ▲79.6%
2 profitable years in a row build equity to €321k.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 44 days late
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 71 days late
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Binche · 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.
Avenue Léopold III(PER) 25/17134 BincheGround area
395 m²
Building footprint
121 m²
Volume, LiDAR
949 m³
Parcel 55032A0203/00S005, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ecovolet
since 20102.185.292.214
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55032A0203/00S005indicative | Wallonia | 395 m² | 1 · 121 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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
Photogravure Steurs
BE 0404.914.523
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DBS INVEST
BE 0441.785.015
Sint-Pieters-Leeuw · Eq €616k
CHASSIS 2000
BE 0448.047.552
Blégny · Eq €590k
G.M.P.
BE 0448.821.176
Wavre · Eq €624k
VANCOILLIE PLASTICS
BE 0829.059.295
Roeselare · Eq €582k
Of 623 companies in sector 22240 we hold annual accounts for 354. 234 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-01-2010
Fiscal year end31-12
Activities, NACEBEL
22240Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.