Equity
ECOVOLUTION has made a profit without a break since 2016.
The dashed line is the sector median: 0.7% across 47,695 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 60% of them on solvency, 98% on liquidity, 50% on profitability and 57% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as ECOVOLUTION has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of ECOVOLUTION itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for ECOVOLUTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 13.27 (5.31 in 2024), above the usual 1.5. Short-term debt is 5.9% and cash 41.7% of total assets. 44.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ECOVOLUTION Torhout | €419,113 | €68,330 | 55.3% | - |
| ALLIET ELECTRICS Ingelmunster | €408,500 | €59,995 | -4.8% | - |
| SED SOLAR Tielt | €480,432 | €70,666 | 50.6% | - |
| ELECTRO GELDHOF Menen | €354,999 | €70,173 | 70.2% | - |
| STEVE VANDENBON Damme | €463,877 | €65,948 | 44.6% | - |
| HUYGHE DIRK Lo-Reninge | €400,106 | €79,929 | 92.0% | - |
| ELEVERCO Asse | €392,891 | €65,678 | 63.6% | - |
These companies have the same main activity as ECOVOLUTION: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €355,000 and €480,000, founded between 2008 and 2012.
ECOVOLUTION files the micro format. That format states no turnover. The gross margin fell from €226,929 in 2011 to €68,330 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €270,000. Estimated: probably between €160,000 and €420,000.
Higher than 60% of 35,074 companies in 2025.
Higher than 95% of 34,450 companies in 2025.
Higher than 45% of 34,650 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
419,113 | 440,569 | 465,891 | 571,892 | 345,313 | 448,604 | 403,812 | 420,175 | 479,891 | 489,560 | 521,855 | 602,179 | 644,617 | 738,923 | 995,554 | |
21/28 |
91,870 | 116,130 | 146,866 | 113,508 | 141,474 | 154,347 | 173,809 | 208,500 | 260,503 | 312,884 | 368,011 | 431,849 | 490,073 | 546,601 | 402,308 | |
21 |
- | - | - | - | - | - | - | - | - | - | 876 | 1,752 | 2,628 | 3,504 | - | |
22/27 |
91,870 | 116,130 | 146,866 | 113,508 | 141,474 | 154,347 | 173,809 | 208,500 | 260,503 | 312,884 | 367,135 | 430,097 | 487,445 | 543,097 | 402,308 | |
22 |
58,054 | 67,308 | 76,563 | 85,817 | 95,072 | 104,326 | 113,581 | 122,835 | 132,611 | 142,982 | 159,630 | 177,358 | 193,678 | 210,444 | 201,982 | |
23 |
47 | 2,225 | 8,960 | 14,361 | 24,208 | 18,591 | 37,318 | 79,226 | 121,152 | 161,658 | 203,472 | 246,076 | 287,894 | 327,074 | 186,377 | |
24 |
33,770 | 46,597 | 61,343 | 13,330 | 22,195 | 31,430 | 22,911 | 6,439 | 6,740 | 8,244 | 4,033 | 6,663 | 5,874 | 5,580 | 13,949 | |
29/58 |
327,243 | 324,439 | 319,025 | 458,384 | 203,839 | 294,257 | 230,003 | 211,676 | 219,388 | 176,677 | 153,844 | 170,330 | 154,543 | 192,321 | 593,245 | |
3 |
115,927 | 83,672 | 133,478 | 109,139 | 81,092 | 89,696 | 128,262 | 161,590 | 72,238 | 64,093 | 76,202 | 67,276 | 61,538 | 61,278 | 124,045 | |
30/36 |
115,927 | 83,672 | 133,478 | 109,139 | 81,092 | 89,696 | 128,262 | 161,590 | 72,238 | 64,093 | 76,202 | 67,276 | 61,538 | 61,278 | 124,045 | |
40/41 |
33,186 | 41,960 | 40,556 | 28,826 | 39,291 | 39,626 | 8,634 | 24,910 | 80,500 | 65,164 | 39,236 | 62,637 | 58,011 | 78,438 | 173,017 | |
40 |
21,956 | 38,681 | 24,124 | 25,378 | 25,465 | 33,236 | 4,769 | 19,410 | 75,710 | 59,758 | 32,071 | 56,329 | 52,206 | 45,277 | 135,556 | |
41 |
11,230 | 3,279 | 16,432 | 3,448 | 13,826 | 6,389 | 3,865 | 5,500 | 4,790 | 5,406 | 7,165 | 6,308 | 5,806 | 33,161 | 37,461 | |
54/58 |
174,708 | 194,103 | 144,991 | 319,504 | 82,856 | 164,935 | 93,107 | 25,175 | 66,649 | 47,419 | 38,405 | 40,418 | 34,994 | 52,605 | 296,183 | |
490/1 |
3,422 | 4,705 | 0 | 915 | 600 | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
419,113 | 440,569 | 465,891 | 571,892 | 345,313 | 448,604 | 403,812 | 420,175 | 479,891 | 489,560 | 521,855 | 602,179 | 644,617 | 738,923 | 995,554 | |
10/15 |
231,641 | 208,467 | 183,531 | 144,229 | 114,200 | 100,308 | 41,446 | 17,926 | 14,999 | -13,052 | -39,527 | -30,950 | 932 | 69,848 | 68,939 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
100 |
- | - | - | - | - | - | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
13 |
206,641 | 183,467 | 158,531 | 119,229 | 89,200 | 75,308 | 16,446 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | |
130/1 |
- | - | 0 | 2,500 | 2,500 | 2,500 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | |
1311 |
- | - | 0 | 2,500 | 2,500 | 2,500 | - | - | - | - | - | - | - | - | - | |
132 |
6,575 | 6,575 | 6,575 | 6,575 | 6,575 | 6,575 | 6,575 | - | - | - | - | - | - | - | - | |
133 |
200,066 | 176,892 | 151,955 | 110,154 | 80,124 | 66,232 | 7,370 | - | - | - | - | - | - | - | - | |
14 |
0 | 0 | 0 | 0 | - | - | - | -9,574 | -12,501 | -40,552 | -67,027 | -58,450 | -26,568 | 42,348 | 41,439 | |
17/49 |
187,472 | 232,102 | 282,360 | 427,663 | 231,113 | 348,296 | 362,367 | 402,249 | 464,892 | 502,612 | 561,382 | 633,129 | 643,684 | 669,075 | 926,615 | |
17 |
162,806 | 170,948 | 181,523 | 200,048 | 208,364 | 296,600 | 308,552 | 325,000 | 374,642 | 431,428 | 488,214 | 560,000 | 511,785 | 468,571 | 432,500 | |
170/4 |
162,806 | 170,948 | 181,523 | 200,048 | 208,364 | 296,600 | 308,552 | 325,000 | 374,642 | 431,428 | 488,214 | 560,000 | 511,785 | 468,571 | 432,500 | |
42/48 |
24,666 | 61,154 | 100,838 | 104,549 | 22,049 | 51,696 | 53,815 | 77,250 | 90,250 | 71,184 | 73,168 | 73,129 | 131,899 | 200,503 | 436,317 | |
42 |
8,141 | 10,575 | 14,858 | 8,316 | 8,236 | 30,656 | 36,702 | 49,643 | 56,786 | 56,786 | 56,786 | 56,786 | 56,786 | 56,786 | 42,500 | |
43 |
- | - | - | - | - | - | - | - | - | 50 | 7,984 | 125 | 50,000 | 125,000 | 200,000 | |
430/8 |
- | - | - | - | - | - | - | - | - | 50 | 7,984 | 125 | 50,000 | 125,000 | 200,000 | |
44 |
14,315 | 32,820 | 37,215 | 58,620 | 8,466 | 18,134 | 17,113 | 17,574 | 29,632 | 14,348 | 5,444 | 13,137 | 20,426 | 16,718 | 111,796 | |
440/4 |
14,315 | 32,820 | 37,215 | 58,620 | 8,466 | 18,134 | 17,113 | 17,574 | 29,632 | 14,348 | 5,444 | 13,137 | 20,426 | 16,718 | 111,796 | |
46 |
- | - | - | - | - | - | - | 10,033 | - | - | - | - | - | - | - | |
45 |
2,209 | 7,759 | 18,765 | 17,613 | 5,347 | 2,906 | - | - | 3,832 | - | 2,953 | 2,081 | 2,688 | - | 6,090 | |
450/3 |
2,209 | 7,759 | 18,765 | 17,613 | 5,347 | 2,906 | - | - | 3,832 | - | 2,953 | 2,081 | 2,688 | - | 6,090 | |
47/48 |
0 | 10,000 | 30,000 | 20,000 | - | - | - | - | - | - | - | 1,000 | 2,000 | 2,000 | 75,931 | |
492/3 |
- | - | 0 | 123,066 | 700 | - | - | - | - | - | - | - | - | - | 57,798 | |
| Income statement | ||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.6m | |
76A |
- | - | - | - | - | 0 | 2,041 | - | - | - | - | - | - | - | - | |
9900 |
68,330 | 91,259 | 115,703 | 107,344 | 71,393 | 119,369 | 94,733 | 80,954 | 111,730 | 102,398 | 90,089 | 59,734 | 24,849 | 105,076 | 226,929 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.4m | |
62 |
- | - | - | - | 637 | 679 | - | - | - | - | - | 87 | 48 | 68 | - | |
630 |
24,957 | 29,323 | 30,070 | 27,966 | 44,456 | 39,553 | 58,032 | 57,060 | 58,708 | 65,393 | 63,838 | 67,114 | 67,041 | 77,436 | 137,214 | |
640/8 |
1,474 | 1,385 | 1,565 | 1,450 | 1,628 | 1,608 | 1,535 | 1,483 | 1,461 | 1,494 | 1,438 | 1,955 | 1,960 | 591 | 959 | |
66A |
0 | 1,773 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
41,899 | 58,778 | 84,068 | 77,928 | 24,672 | 77,528 | 35,166 | 22,411 | 51,561 | 35,511 | 24,813 | -9,421 | -44,200 | 26,981 | 88,756 | |
75/76B |
861 | 1,226 | 2,119 | 99 | 261 | - | - | - | - | 9,674 | 860 | 1,936 | 1,861 | 2,462 | 26,299 | |
75 |
861 | 1,226 | 2,119 | 99 | 261 | - | - | - | - | 9,674 | 860 | 1,936 | 1,861 | 2,462 | 26,299 | |
65/66B |
10,955 | 15,863 | 9,061 | 8,000 | 8,403 | 15,759 | 11,646 | 19,484 | 23,510 | 18,709 | 34,250 | 24,396 | 26,576 | 26,533 | 25,000 | |
65 |
10,955 | 15,863 | 9,061 | 8,000 | 8,403 | 15,759 | 11,646 | 19,484 | 23,510 | 18,709 | 34,250 | 24,396 | 26,576 | 26,533 | 25,000 | |
9903 |
31,804 | 44,142 | 77,126 | 70,028 | 16,530 | 61,769 | 23,520 | 2,927 | 28,050 | 26,476 | -8,576 | -31,882 | -68,915 | 2,910 | 90,054 | |
67/77 |
8,630 | 9,205 | 7,824 | 19,999 | 2,638 | 2,906 | - | - | - | 0 | 0 | - | 1 | - | 6,116 | |
9904 |
23,174 | 34,936 | 69,302 | 50,029 | 13,892 | 58,862 | 23,520 | 2,927 | 28,050 | 26,475 | -8,577 | -31,882 | -68,916 | 2,910 | 83,939 | |
689 |
- | - | - | - | - | 0 | 2,656 | - | - | - | - | - | - | - | - | |
9905 |
23,174 | 34,936 | 69,302 | 50,029 | 13,892 | 58,862 | 20,863 | 2,927 | 28,050 | 26,475 | -8,577 | -31,882 | -68,916 | 2,910 | 83,939 | |
| Appropriation of the result | ||||||||||||||||
9906 |
23,174 | 34,936 | 69,302 | 50,029 | 13,892 | 58,862 | 7,370 | -9,574 | -12,501 | -40,552 | -67,027 | -58,450 | -26,568 | 44,348 | 83,939 | |
691/2 |
23,174 | 24,936 | 39,302 | 30,029 | 13,892 | 58,862 | 7,370 | - | - | - | - | - | - | - | 2,500 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,500 | |
6921 |
23,174 | 24,936 | 39,302 | 30,029 | 13,892 | 58,862 | 7,370 | - | - | - | - | - | - | - | - | |
694/7 |
0 | 10,000 | 30,000 | 20,000 | - | - | - | - | - | - | - | - | - | 2,000 | 40,000 | |
695 |
0 | 10,000 | 30,000 | 20,000 | - | - | - | - | - | - | - | - | - | 2,000 | 40,000 | |
| Document | ||||||||||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00227135 | |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00250056 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00242014 | |
| 31-12-2022 | micro format | 09-08-2023 | 2023-00321243 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20329050 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-46000568 | |
| 31-12-2019 | micro format | 10-07-2020 | 2020-30300354 | |
| 31-12-2018 | micro format | 12-07-2019 | 2019-32900440 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-52400191 | |
| 31-12-2016 | micro format | 24-08-2017 | 2017-48200434 | |
| 31-12-2015 | abbreviated format | 09-09-2016 | 2016-59500409 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-55500408 | |
| 31-12-2013 | abbreviated format | 22-08-2014 | 2014-46200259 | |
| 31-12-2012 | abbreviated format | 13-08-2013 | 2013-42800496 | |
| 31-12-2011 | abbreviated format | 24-08-2012 | 2012-44400139 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 66,856 | 88,101 | 114,137 | 105,894 | 69,128 | 117,081 | 93,198 | 79,471 | 110,269 | 100,904 | 88,651 | 57,693 | 22,841 | 104,416 | 225,970 | ||
| 48,132 | 64,259 | 99,371 | 77,995 | 58,348 | 98,416 | 81,552 | 59,987 | 86,758 | 91,868 | 55,261 | 35,232 | -1,875 | 80,345 | 221,152 | ||
| 698 | 5,020 | 63,427 | 0 | 31,583 | 20,091 | 23,342 | 5,056 | 6,328 | 10,265 | 0 | 8,890 | 10,513 | 221,729 | 538,722 | ||
| -19,394 | 49,111 | -174,513 | 236,648 | -82,079 | 71,828 | 67,932 | -41,475 | 19,230 | 9,014 | -2,013 | 5,424 | -17,611 | -243,578 | - | ||
| 302,577 | 263,285 | 218,187 | 353,835 | 181,790 | 242,560 | 176,188 | 134,426 | 129,138 | 105,493 | 80,676 | 97,201 | 22,644 | -8,182 | 156,928 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.4% | ||
| 55.3% | 47.3% | 39.4% | 25.2% | 33.1% | 22.4% | 10.3% | 4.3% | 3.1% | -2.7% | -7.6% | -5.1% | 0.1% | 9.5% | 6.9% | ||
| 13.27 | 5.31 | 3.16 | 4.38 | 9.24 | 5.69 | 4.27 | 2.74 | 2.43 | 2.48 | 2.10 | 2.33 | 1.17 | 0.96 | 1.36 | ||
| 8.57 | 3.94 | 1.84 | 3.34 | 5.57 | 3.96 | 1.89 | 0.65 | 1.63 | 1.58 | 1.06 | 1.41 | 0.71 | 0.65 | 1.08 | ||
| 0.81 | 1.11 | 1.54 | 2.97 | 2.02 | 3.47 | 8.74 | 22.44 | 31.00 | - | - | - | - | 9.58 | 13.44 | ||
| 10.0% | 16.8% | 37.8% | 34.7% | 12.2% | 58.7% | 56.7% | 16.3% | 187.0% | - | - | - | - | 4.2% | 121.8% | ||
| 5.5% | 7.9% | 14.9% | 8.7% | 4.0% | 13.1% | 5.8% | 0.7% | 5.8% | 5.4% | -1.6% | -5.3% | -10.7% | 0.4% | 8.4% | ||
| 6.10 | 5.55 | 12.60 | 13.24 | 8.23 | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 19 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €225,000 | €225,000 | €225,000 | €225,000 | €225,000 |
| Carrying value of the mortgaged assets | €58,054 | €67,308 | €76,563 | €85,817 | €95,072 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €698 | €5,020 | €63,427 | - | €31,583 |
| €24,957 | €29,323 | €30,070 | €27,966 | €44,456 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 29% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 52.7% to 44.7%. Equity is higher and debt is lower.
ECOVOLUTION has no parent and no holdings in its annual accounts. ECOVOLUTION shares no director with another company.
| Secrata
registered office since 13-10-2006 · founded in 2006 |
total assets €402,444 (2025) 0882.933.887 |
| Hommez, Marit (sole trader)
establishment since 01-09-2026 |
founded in 2026 1041.151.775 |
| Hommez, Rune (sole trader)
establishment since 07-10-2024 |
founded in 2024 1014.691.561 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Revinzestraat 104 registered office 8820 Torhout | 26-01-2010 | 2.185.155.028 |
| Kruisboommolenstraat 7A 8800 Roeselare | 12-12-2011 | 2.210.965.441 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36505C0234/00P000 | 1.3 ha | 1 · 3,344 m² | 9.6 m · 3 |
| 31523H1022/00H000 | 797 m² | 1 · 160 m² | 8.7 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0822.802.894
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