Equity
€6,359 from €77,872 in 2019
Equity fell by 92% in 6 years.
ECOWONEN
Lifetime
7 annual accounts with figures on one time axispeak €46,517 (2020)
-€6,799▲ €2,165
lowest -€12,128 (2019)
-€10,204▲ €1,884
peak €77,872 (2019)
€6,359▼ 61.6%
€243,578▲ 47.5%
Board7 names since 2019
2 directorsALGEMENE MAATSCHAPPIJ VOOR GROND- EN PANDENBEHEER and 1 other
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from -€8,963 to -€6,799Loss of €10,204Equity from €16,563 to €6,359Debts from €165,139 to €243,578Cash from €7,792 to €4,983
Key points
from the 2025 annual accountsLosses
-€30,945 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€243,578 97% of the balance sheet
Suppliers 0%Taxes and wages 1%Other 99%
Filings
7 annual accounts 2 late
The 2025 accounts came latest: 28 days after the end of the period.
Starting capital
€90,000 900 shares
Position in the sector
2.5%
Lower solvency than 86% of companies in construction of buildings. Sector median 42.9% · 9,462 companies.
Turnover not published (micro format)
Checked score
50
Fair
Financially stronger than 11% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%
01-2025: 2.1%● unchanged vs 12-2024
02-2025: 2.1%● unchanged vs 01-2025
03-2025: 2.1%● unchanged vs 02-2025
04-2025: 1.8%▼ -0.3 percentage points vs 03-2025
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 1.7%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 2.0%▲ +0.3 percentage points vs 06-2025
08-2025: 2.6%▲ +0.6 percentage points vs 07-2025
09-2025: 3.1%▲ +0.5 percentage points vs 08-2025
10-2025: 3.1%● unchanged vs 09-2025
11-2025: 3.1%● unchanged vs 10-2025
12-2025: 3.1%● unchanged vs 11-2025
01-2026: 3.1%● unchanged vs 12-2025
02-2026: 3.1%● unchanged vs 01-2026
03-2026: 3.1%● unchanged vs 02-2026
04-2026: 3.2%▲ +0.1 percentage points vs 03-2026
05-2026: 3.1%▼ -0.1 percentage points vs 04-2026
06-2026: 3.0%▼ -0.1 percentage points vs 05-2026
07-2026: 3.2%▲ +0.2 percentage points vs 06-2026
08-2026: 4.2%▲ +1.0 percentage point vs 07-2026highest value
09-2026: 2.5%▼ -1.7 percentage points vs 08-2026
10-2026: 2.5%● unchanged vs 09-2026
11-2026: 2.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2019
Liquidity: current ratio 0.93, cash €4,983
Equity €6,359 (2.5% of total assets)
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 41, micro). It does better than 13% of them on solvency, 4% on liquidity, 19% on profitability and 9% 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 moderate class on 30-06-2025, 2.4% 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, 849 companies had the same profile as ECOWONEN has now. Each dot stands for 3 companies, two years later.
91.9%
were still trading
3.3%
stopped another way
4.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ECOWONEN itself: 2.5% 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 849 companies, not a prediction for ECOWONEN. 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 publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.93 (1.07 in 2024), below 1. Short-term debt is 97.5% and cash 2% of total assets. 97.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€10,204
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 9462 sector peers (2025).
NBB · sector comparisonPosition among 9462 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
28 days late
2024
11 days late
2023
7 days early
2022
11 days early
2021
59 days early
2020
30 days early
2019
56 days early
← 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 18 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 25 July (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- JACOBS Bob Jos Josee 450 sharesdeed of 15-01-2019
- APPELS Didier Gaston Marie-Louise Guy 450 sharesdeed of 15-01-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0718599655
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Slopen van niet vrijstaande gebouwen of constructies, Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden · Lubbeek
Environmental permit granted
Hoogstammige bomen vellen die geen deel uitmaken van een bos · Lubbeek
Environmental permit refused
Bouwen of herbouwen, Nieuwbouw of aanleggen, Slopen van niet vrijstaande gebouwen of constructies and 1 more · Provincie Vlaams-Brabant
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ECOWONEN Lubbeek | €249,937 | -€6,799 | 2.5% | - |
| BOUWWERKEN TEUGELS Kapelle-op-den-Bos | €300,549 | -€27,232 | 38.2% | - |
| TOM PROJECTS Lede | €265,408 | -€5,075 | 88.5% | - |
| LV Patrimo Tervuren | €294,139 | -€1,805 | 12.7% | 0 |
| Steemans Tielt-Winge | €147,787 | -€34,586 | 28.5% | - |
| CAMPOVERDE STONE Halle | €436,298 | -€33,086 | 36.0% | - |
| IKNIK Turnhout | €345,532 | -€94,941 | -39.5% | - |
These companies have the same main activity as ECOWONEN: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €148,000 and €436,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 11-01-2019Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 3 others
- Establishment unit
- 2.287.563.3713212 Lubbeek, since 11-01-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 20-06-2025
Insights on ECOWONEN
ECOWONEN files the micro format. That format states no turnover. The gross margin rose from -€9,993 in 2019 to -€6,799 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 ECOWONEN
- What is the company number of ECOWONEN?
- The company number of ECOWONEN is 0718.599.655. The VAT number is the same number with BE in front: BE 0718.599.655.
- Where is ECOWONEN based?
- The registered office is at Kapelstraat 27, 3212 Lubbeek.Company details
- What does ECOWONEN do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of ECOWONEN?
- ECOWONEN is a private limited company (BV).
- When was ECOWONEN founded?
- ECOWONEN was founded on 11-01-2019.
- Is ECOWONEN still active?
- Yes, ECOWONEN is an active enterprise in the KBO register.
- What is the turnover of ECOWONEN?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is ECOWONEN profitable?
- In financial year 2025, ECOWONEN made a loss of €10,204.
- Where can I find the annual accounts of ECOWONEN?
- ECOWONEN filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ECOWONEN due?
- ECOWONEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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