Equity
-€142,504
Debts exceed assets in financial year 2025.
ECOWELL
Lifetime
19 annual accounts with figures on one time axispeak €193,069 (2021)
€37,768▲ 203%
lowest -€115,504 (2025)
-€115,504▼ €15,908
peak €50,910 (2008)
-€142,504▼ €115,504
€400,161▼ 18.6%
peak 2.7 FTE (2022)
0.9 FTE▲ 80.0%
Board1 name since 2007
1 directorEdelman
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Gross margin from €12,452 to €37,768Loss of €115,504Staff from 0.5 FTE to 0.9 FTEEquity from -€27,000 to -€142,504Debts from €491,350 to €400,161Cash from €16,495 to €7,347
Key points
from the 2025 annual accountsLosses
-€266,528 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€400,161 155% of the balance sheet
Financial debts 70%Suppliers 23%Taxes and wages 2%Other 5%
Of this, €121,414 falls due within a year.
Staff
1 employees on 31-12-2025
In 2025, 1 person joined and 1 left.
Filings
19 annual accounts since 2007
Three of the last ten came late. The 2019 accounts came latest: 84 days after the end of the period.
Position in the sector
-€142,504
Less equity than 95% of companies in wholesale trade. Sector median €361,107 · 9,898 companies.
Checked score
46
Fair
Financially stronger than 10% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%lowest value
01-2025: 0.6%● unchanged vs 12-2024lowest value
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.2 percentage points vs 06-2025
08-2025: 1.2%▲ +0.4 percentage points vs 07-2025
09-2025: 2.4%▲ +1.2 percentage points vs 08-2025
10-2025: 2.4%● unchanged vs 09-2025
11-2025: 2.4%● unchanged vs 10-2025
12-2025: 2.4%● unchanged vs 11-2025
01-2026: 2.4%● unchanged vs 12-2025
02-2026: 2.4%● unchanged vs 01-2026
03-2026: 2.4%● unchanged vs 02-2026
04-2026: 2.4%● unchanged vs 03-2026
05-2026: 2.4%● unchanged vs 04-2026
06-2026: 2.3%▼ -0.1 percentage points vs 05-2026
07-2026: 2.4%▲ +0.1 percentage points vs 06-2026
08-2026: 4.1%▲ +1.7 percentage points vs 07-2026highest value
09-2026: 4.1%● unchanged vs 08-2026highest value
10-2026: 4.1%● unchanged vs 09-2026highest value
11-2026: 4.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €115,504, the second in a row (financial year 2025)
Negative equity -€142,504
lowers risk
Size: 0.9 FTE, total assets €257,656
Founded in 2006
Calculation
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 46, micro). It does better than 6% of them on solvency, 28% on liquidity, 6% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 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 elevated class on 30-06-2025, 6.3% 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).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as ECOWELL has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ECOWELL itself: 4.1% within 12 months.
Test of the method
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 6,619 companies, not a prediction for ECOWELL. 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.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 1.5 (2.33 in 2024), above the usual 1.5. Short-term debt is 47.1% and cash 2.9% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€142,504
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 day early
2023
2 days early
2022
33 days early
2021
1 day early
2020
43 days early
2019
84 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0880972608
Capital increase of €75,000
200 new shares · Appointment: EDELMAN (director) · Permanent representative: Delanoye · General meeting of 11-07-2024 · Gazette deed
Registered office moved within Bornem
New registered office: Puursesteenweg 372, 2880 Bornem · Previous registered office: Puursesteenweg 321, 2880 Bornem · General meeting of 02-01-2021 · Gazette deed
First establishment
Ecowell Bvba, Puursesteenweg 372, Bornem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ECOWELL Bornem | €257,656 | €37,768 | -55.3% | 0.9 |
| BELGIAN TIMBER Waregem | €243,311 | €66,237 | 86.7% | 2.1 |
| M.H.B. Dessel | €525,067 | €44,698 | 77.3% | 0.2 |
| TEGIM Zwalm | €277,481 | €44,184 | 83.7% | 0 |
| LHONNEUX DECORATION Waremme | €180,704 | €92,687 | -14.7% | 2 |
| DIMITRI MICHILS Hasselt | €136,039 | €19,057 | 81.6% | 0 |
| Vismara Belgio Aalst | €171,800 | €107,445 | 24.8% | 1 |
These companies have the same main activity as ECOWELL: agents in the wholesale of timber and building materials (NACE 46130). They are comparable in size and age: total assets between €136,000 and €525,000, founded between 1997 and 2013.
Official details
Source: KBO- Status
- Active since 05-04-2006Normal situation
- Activity
- Agents in the wholesale of timber and building materialsNACE 46130and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 100Auxiliary committee for blue-collar workers · annual accounts 2025
- Establishment unit
- 2.153.915.6822880 Bornem, since 07-06-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 16-04-2025
Annual accounts 2025
- ≈ €160,000estimated
- €257,656▼ 44.5%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on ECOWELL
ECOWELL files the abbreviated format. That format states no turnover. The gross margin rose from €34,152 in 2007 to €37,768 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ECOWELL
- What is the company number of ECOWELL?
- The company number of ECOWELL is 0880.972.608. The VAT number is the same number with BE in front: BE 0880.972.608.
- Where is ECOWELL based?
- The registered office is at Puursesteenweg 372, 2880 Bornem.Company details
- What does ECOWELL do?
- According to the KBO register, the main activity is agents in the wholesale of timber and building materials (NACE 46130).
- What is the legal form of ECOWELL?
- ECOWELL is a private limited company (BV).
- When was ECOWELL founded?
- ECOWELL was founded on 05-04-2006.
- Is ECOWELL still active?
- Yes, ECOWELL is an active enterprise in the KBO register.
- How many employees does ECOWELL have?
- ECOWELL had an average of 0.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ECOWELL fall under?
- In its 2025 annual accounts, ECOWELL states joint committees 200 (Auxiliary committee for white-collar workers) and 100 (Auxiliary committee for blue-collar workers).
- What is the turnover of ECOWELL?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €37,768 and 38 comparable companies (NACE 461). It probably lies between €100,000 and €420,000.
- Is ECOWELL profitable?
- In financial year 2025, ECOWELL made a loss of €115,504.
- Where can I find the annual accounts of ECOWELL?
- ECOWELL filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ECOWELL due?
- ECOWELL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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