ECOWELL
ActiveSummary
ECOWELL has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-143k) and a net result of €-116k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-19
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.5 against 2.33 in 2024; short-term debt: 47.1% and cash: 2.9% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-55.3%
Return on assets
-44.8%
Age of the figures
9 mo
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 · 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 →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-143k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
2 d early
2022
33 d early
2021
1 d early
2020
43 d early
2019
84 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is this a good employer? Staff, turnover and training against the sector.Employer check
Financials · fiscal year 2025, abbreviated schema
Equity
€-143k▼ 428%
2024 · €-27k
Total assets
€258k▼ 44.5%
2024 · €464k
Net result
€-116k▼ 16.0%
2024 · €-100k
Working capital
€61k▼ 70.5%
2024 · €206k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22k▲ 39.7%€-4k€-2k▲ 56.2%€-78k▼ 3,872%€-87k▼ 11.4%
Net result€8k▼ 41.6%€-20k€-32k▼ 63.2%€-100k▼ 212%€-116k▼ 16.0%
Equity€49k▲ 18.9%€29k▼ 39.9%€-2k€-27k▼ 1,023%€-143k▼ 428%
Total assets€602k▲ 39.5%€616k▲ 2.4%€547k▼ 11.3%€464k▼ 15.1%€258k▼ 44.5%
Debt€553k▲ 41.6%€587k▲ 6.2%€549k▼ 6.4%€491k▼ 10.5%€400k▼ 18.6%
Working capital€196k▼ 14.4%€183k▼ 6.3%€167k▼ 8.9%€206k▲ 23.5%€61k▼ 70.5%
Staff (FTE)2.6▲ 44.4%2.7▲ 3.8%0▼ 100%0.50.9▲ 80.0%
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 stays negative: a loss of €87k in 2025 against €78k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €257k
Fixed assets
€74k ▼ 26.9%
Current assets
€182k ▼ 49.6%
Key figures and ratios
EBITDA
€-48k▼
2024 · €-40k
Cash flow
€-77k▼
2024 · €-62k
Solvency
-55.3%▼
2024 · -5.8%
Current ratio
1.50▼
2024 · 2.33
Quick ratio
0.39▼
2024 · 0.87
Debt to equity
-2.81▲
2024 · -18.20
ROA
-44.8%▼
2024 · -21.4%
Interest coverage
-1.65▲
2024 · -1.84
Debt ≤ 1 year
€121k▼
2024 · €155k
Debt > 1 year
€279k▼
2024 · €331k
Staff costs
€38k▼
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €28k | €705 | €15 | €2k | ▲ 12,354% |
| Remuneration, social security and pensions62 | €131k | €134k | €52k | €39k | €38k | ▼ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €33k | €37k | €38k | €39k | ▲ 2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €28k | - |
| Other operating charges640/8 | €11k | €10k | €8k | €14k | €19k | ▲ 39.5% |
| Non-recurring operating charges66A | - | - | €2k | €0 | €475 | - |
| Gross operating margin9900 | €193k | €172k | €97k | €12k | €38k | ▲ 203% |
| Operating profit (loss)9901 | €22k | €-4k | €-2k | €-78k | €-87k | ▼ 11.4% |
| Financial income75/76B | - | €3 | €2k | €0 | €161 | - |
| Recurring financial income75 | - | €3 | €2k | €0 | €161 | - |
| Financial charges65/66B | €14k | €15k | €32k | €22k | €29k | ▲ 33.2% |
| Recurring financial charges65 | €14k | €15k | €32k | €22k | €29k | ▲ 33.2% |
| Profit (loss) for the period before taxes9903 | €8k | €-19k | €-32k | €-100k | €-116k | ▼ 16.0% |
| Income taxes67/77 | €342 | €341 | €0 | - | - | - |
| Profit (loss) for the period9904 | €8k | €-20k | €-32k | €-100k | €-116k | ▼ 16.0% |
| Profit (loss) for the period to be appropriated9905 | €8k | €-20k | €-32k | €-100k | €-116k | ▼ 16.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €602k | €616k | €547k | €464k | €258k | ▼ 44.5% |
| Formation expenses20 | - | - | - | €1k | €899 | ▼ 22.1% |
| Fixed assets21/28 | €133k | €126k | €111k | €102k | €74k | ▼ 26.9% |
| Intangible fixed assets21 | €5k | €4k | €3k | €2k | €1k | ▼ 31.4% |
| Tangible fixed assets22/27 | €116k | €110k | €95k | €87k | €61k | ▼ 30.6% |
| Plant, machinery and equipment23 | €37k | €28k | €26k | €22k | €12k | ▼ 45.2% |
| Furniture and vehicles24 | €20k | €24k | €24k | €32k | €23k | ▼ 29.3% |
| Other tangible fixed assets26 | €59k | €58k | €45k | €33k | €26k | ▼ 22.1% |
| Financial fixed assets28 | €13k | €13k | €13k | €13k | €13k | = |
| Current assets29/58 | €468k | €490k | €436k | €361k | €182k | ▼ 49.6% |
| Stocks and contracts in progress3 | €295k | €297k | €249k | €227k | €135k | ▼ 40.4% |
| Stocks30/36 | €295k | €297k | €249k | €227k | €135k | ▼ 40.4% |
| Amounts receivable within one year40/41 | €147k | €185k | €157k | €116k | €40k | ▼ 66.0% |
| Trade receivables40 | €145k | €183k | €147k | €112k | €35k | ▼ 68.5% |
| Other amounts receivable41 | €1k | €2k | €10k | €4k | €4k | ▼ 2.3% |
| Cash at bank and in hand54/58 | €26k | €8k | €30k | €16k | €7k | ▼ 55.5% |
| Deferred charges and accrued income490/1 | €81 | €102 | €596 | €2k | €311 | ▼ 82.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €602k | €616k | €547k | €464k | €258k | ▼ 44.5% |
| Equity10/15 | €49k | €29k | €-2k | €-27k | €-143k | ▼ 428% |
| Contributions10/11 | €20k | €20k | €20k | €95k | €95k | = |
| Reserves13 | €29k | €9k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €27k | €7k | €0 | €2k | €2k | = |
| Profit (loss) carried forward14 | - | - | €-24k | €-124k | €-240k | ▼ 93.1% |
| Amounts payable17/49 | €553k | €587k | €549k | €491k | €400k | ▼ 18.6% |
| Amounts payable after more than one year17 | €280k | €280k | €280k | €331k | €279k | ▼ 15.9% |
| Financial debts170/4 | €280k | €280k | €280k | €331k | €279k | ▼ 15.9% |
| Amounts payable within one year42/48 | €273k | €307k | €269k | €155k | €121k | ▼ 21.8% |
| Current portion of amounts payable after more than one year42 | €525 | €0 | - | €14k | €20k | ▲ 44.5% |
| Financial debts43 | - | €158k | €150k | €0 | - | - |
| Credit institutions430/8 | - | €158k | €150k | €0 | - | - |
| Trade debts44 | €246k | €120k | €102k | €134k | €94k | ▼ 30.2% |
| Suppliers440/4 | €246k | €120k | €102k | €134k | €94k | ▼ 30.2% |
| Taxes, remuneration and social security45 | €26k | €29k | €17k | €7k | €8k | ▲ 7.8% |
| Taxes450/3 | €20k | €29k | €17k | €5k | €8k | ▲ 59.8% |
| Remuneration and social security454/9 | €5k | €0 | €646 | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | €95 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €5k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €-20k | €-32k | €-100k | €-116k | ▼ 16.0% |
| + Depreciation and write-downs630 | €29k | €33k | €37k | €38k | €39k | ▲ 2.7% |
| Operating cash flow (approximation) | €37k | €13k | €5k | €-62k | €-77k | ▼ 24.0% |
| Investment in fixed assets (approximation) | - | €-25k | €-21k | €-29k | €-11k | ▲ 60.7% |
| Change in cash | - | €-18k | €22k | €-13k | €-9k | ▲ 30.5% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-116k
Net result drops to €-116k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.08
Current ratio from 1.37 to 3.08; short-term debt falls from €203k to €110k.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 84 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Bornem · 1 establishment unit since 2006
Ground area
1,785 m²
Building footprint
310 m²
Volume, LiDAR
1,598 m³
Parcel 12007D0608/00G000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ecowell Bvba
since 20062.153.915.682
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007D0608/00G000 | Flanders | 1,785 m² | 1 · 310 m² | 10.6 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 425 EUR awarded · 425 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 357 EUR | 357 EUR |
| 2023 | 1 | 68 EUR | 68 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,135 companies in sector 46130 we hold annual accounts for 646. 430 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
47529Retail trade
Scores and ratios are computed by Checked and are not a credit decision.