ECOWORLD
ActiveSummary
The computed 12-month bankruptcy probability of ECOWORLD is 3.4% (moderate). The annual accounts of ECOWORLD for fiscal year 2025 show a net loss of 170% of total assets. The 2025 annual accounts show equity of €240,332 and a net result of -€2.6m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 7967 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2023
Profitability0▼-100
Solvency41▼-52
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days 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 short (current ratio 0.65 against 3.96 in 2023; short-term debt: 59.9% of total assets), and 84.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
15.8%
Return on assets
-170.4%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 7967 sector peers (2025).
NBB · sector comparisonPosition among 7967 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-08-2026, 184 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
184 d late
2023
29 d late
2022
42 d early
2021
47 d early
2020
38 d early
2019
142 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days before the deadline; the sector median for financial year 2023 is 1 day before the deadline, and 44% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?Hasco · 35 companies
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Financials · fiscal year 2025, abbreviated schema
Equity
€240,332▼ 91.5%
2023 · €2.8m
Total assets
€1.5m▼ 63.5%
2023 · €4.2m
Net result
-€2.6m
2023 · €1.7m
Working capital
-€321,629
2023 · €2.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result€164,120▲ 90.7%-€201,485€1.4m€2.3m▲ 60.9%-€2.6m-
Net result€137,524above the sector's middle half▲ 105%-€212,466below the sector's middle half€1.1mabove the sector's middle half€1.7mabove the sector's middle half▲ 51.8%-€2.6mbelow the sector's middle half-
Equity€223,337within the sector's middle half▲ 160%€10,871below the sector's middle half▼ 95.1%€1.1mabove the sector's middle half▲ 10,328%€2.8mabove the sector's middle half▲ 150%€240,332within the sector's middle half-
Total assets€1.6mabove the sector's middle half▲ 205%€1.5mwithin the sector's middle half▼ 5.6%€4.8mabove the sector's middle half▲ 223%€4.2mabove the sector's middle half▼ 13.1%€1.5mabove the sector's middle half-
Debt€1.4m▲ 214%€1.5m▲ 9.1%€3.7m▲ 149%€1.3m▼ 63.6%€1.3m-
Working capital-€11,402below the sector's middle half-€421,556below the sector's middle half▼ 3,597%€840,656above the sector's middle half€2.4mabove the sector's middle half▲ 191%-€321,629below the sector's middle half-
Solvency14.2%below the sector's middle half▼ 2.4pp0.7%below the sector's middle half▼ 13.4pp23.6%within the sector's middle half▲ 22.9pp68.0%above the sector's middle half▲ 44.4pp15.8%below the sector's middle half-
Current ratio0.99below the sector's middle half▼ 0.210.59below the sector's middle half▼ 0.401.27within the sector's middle half▲ 0.683.96above the sector's middle half▲ 2.690.65below the sector's middle half-
Return on assets (ROA)8.7%within the sector's middle half▼ 4.3pp-14.3%below the sector's middle half▼ 23.0pp23.4%above the sector's middle half▲ 37.6pp40.8%above the sector's middle half▲ 17.4pp-170.4%below the sector's middle half-
Staff (FTE)0.5below the sector's middle half4within the sector's middle half▲ 700%5.4within the sector's middle half▲ 35.0%5.9within the sector's middle half▲ 9.3%4.3within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€2.6m in 2025, compared with €2.3m in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€932,629 ▲ 2.6%
Current assets
€591,813 ▼ 81.9%
Equity and liabilities €1.5m
Equity
€240,332 ▼ 91.5%
Debt
€1.3m ▼ 4.0%
Debt's share of the balance-sheet total rises from 32.0% to 84.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€2.5m▼
2023 · €2.4m
Cash flow
-€2.5m▼
2023 · €1.8m
Debt to equity
5.34▲
2023 · 0.47
Interest coverage
-74.06▼
2023 · 58.99
Debt ≤ 1 year
€913,443▲
2023 · €824,880
Debt > 1 year
€358,557▼
2023 · €487,872
Income taxes
-€6,111▼
2023 · €586,843
Staff costs
€730,517▲
2023 · €334,546
A ratio outside any meaningful range has been withheld (balance sheet total €1.5m, equity €240,332).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,133 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
6.4%
went bankrupt
6.6%
stopped otherwise
86%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,133 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16,690 | €15,641 | - | €1,589 | - |
| Remuneration, social security and pensions62 | - | €207,022 | €406,671 | €334,546 | €730,517 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,148 | €41,321 | €51,538 | €74,961 | €134,095 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €46,926 | - |
| Other operating charges640/8 | - | €685 | €150,182 | €100,529 | €9,566 | - |
| Non-recurring operating charges66A | - | - | - | - | €25,099 | - |
| Gross operating margin9900 | €190,940 | €47,542 | €2.1m | €2.8m | -€1.6m | - |
| Operating profit (loss)9901 | €164,120 | -€201,485 | €1.4m | €2.3m | -€2.6m | - |
| Financial income75/76B | - | €1,405 | €1,270 | €2,584 | €23,994 | - |
| Recurring financial income75 | €2 | €1,405 | €1,270 | €2,584 | €23,994 | - |
| Financial charges65/66B | - | €12,254 | €32,797 | €40,760 | €33,224 | - |
| Recurring financial charges65 | €6,083 | €12,254 | €32,797 | €40,760 | €33,224 | - |
| Profit (loss) for the period before taxes9903 | €158,039 | -€212,334 | €1.4m | €2.3m | -€2.6m | - |
| Income taxes67/77 | €20,514 | €131 | €293,761 | €586,843 | -€6,111 | - |
| Profit (loss) for the period9904 | €137,524 | -€212,466 | €1.1m | €1.7m | -€2.6m | - |
| Profit (loss) for the period to be appropriated9905 | €137,524 | -€212,466 | €1.1m | €1.7m | -€2.6m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.5m | €4.8m | €4.2m | €1.5m | - |
| Fixed assets21/28 | €698,551 | €884,145 | €892,577 | €908,819 | €932,629 | - |
| Intangible fixed assets21 | - | - | €7,317 | €74,740 | €47,090 | - |
| Tangible fixed assets22/27 | €685,461 | €859,048 | €860,163 | €824,608 | €876,067 | - |
| Land and buildings22 | - | €805,765 | €796,263 | €756,564 | €701,695 | - |
| Plant, machinery and equipment23 | - | - | €3,347 | €12,627 | €8,256 | - |
| Furniture and vehicles24 | - | €30,138 | €42,697 | €42,850 | €161,462 | - |
| Leasing and similar rights25 | - | €23,146 | €17,856 | €12,566 | €4,654 | - |
| Financial fixed assets28 | €13,090 | €25,097 | €25,097 | €9,472 | €9,472 | - |
| Current assets29/58 | €877,649 | €603,237 | €3.9m | €3.3m | €591,813 | - |
| Stocks and contracts in progress3 | €176,766 | €311,022 | €1.6m | €1.4m | - | - |
| Stocks30/36 | - | €311,022 | €1.6m | €1.4m | - | - |
| Contracts in progress37 | - | - | €9,478 | - | - | - |
| Amounts receivable within one year40/41 | €444,531 | €198,280 | €832,615 | €439,470 | €545,709 | - |
| Trade receivables40 | - | €170,234 | €765,457 | €407,506 | €465,035 | - |
| Other amounts receivable41 | - | €28,047 | €67,159 | €31,965 | €80,674 | - |
| Cash at bank and in hand54/58 | €114,604 | €44,156 | €1.1m | €1.4m | - | - |
| Deferred charges and accrued income490/1 | - | €49,778 | €365,769 | €80,223 | €46,104 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €4.8m | €4.2m | €1.5m | - |
| Equity10/15 | €223,337 | €10,871 | €1.1m | €2.8m | €240,332 | - |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | - |
| Reserves13 | €204,737 | €204,737 | €1.1m | €2.8m | €221,732 | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €202,877 | €1.1m | €2.8m | €221,732 | - |
| Profit (loss) carried forward14 | - | -€212,466 | - | - | - | - |
| Amounts payable17/49 | €1.4m | €1.5m | €3.7m | €1.3m | €1.3m | - |
| Amounts payable after more than one year17 | €463,812 | €451,718 | €574,238 | €487,872 | €358,557 | - |
| Financial debts170/4 | - | €451,718 | €574,238 | €487,872 | €358,557 | - |
| Amounts payable within one year42/48 | €889,051 | €1.0m | €3.1m | €824,880 | €913,443 | - |
| Current portion of amounts payable after more than one year42 | - | €35,252 | €291,850 | €90,533 | €86,329 | - |
| Financial debts43 | - | €500,000 | €500,000 | €229,807 | - | - |
| Credit institutions430/8 | - | €500,000 | €500,000 | €229,807 | - | - |
| Trade debts44 | €735,518 | €256,790 | €1.0m | €206,270 | €643,803 | - |
| Suppliers440/4 | - | €256,790 | €1.0m | €206,270 | €643,803 | - |
| Advances received on contracts in progress46 | - | €198,803 | €1.2m | €88,482 | €103,225 | - |
| Taxes, remuneration and social security45 | - | €33,949 | €106,526 | €209,788 | €80,086 | - |
| Taxes450/3 | - | €25,220 | €59,413 | €190,604 | €10,235 | - |
| Remuneration and social security454/9 | - | €8,728 | €47,113 | €19,184 | €69,851 | - |
| Accrued charges and deferred income492/3 | - | - | €25,299 | €25,377 | €12,110 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €137,524 | -€212,466 | €1.1m | €1.7m | -€2.6m | - |
| + Depreciation and write-downs630 | €6,148 | €41,321 | €51,538 | €74,961 | €134,095 | - |
| Operating cash flow (approximation) | €143,672 | -€171,145 | €1.2m | €1.8m | -€2.5m | - |
| Investment in fixed assets (approximation) | - | -€226,914 | -€59,970 | -€91,204 | - | - |
| Change in cash | - | -€70,448 | €1.1m | €241,086 | - | - |
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
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 184 days late
08-06
State Gazette act
Resignations: Iglori Invest BV (director) and VerLou Invest BV (director)Director discharge5 facts ▸
State Gazette act
Resignations: Iglori Invest BV (director) and VerLou Invest BV (director)
Director discharge5 facts ▸
- General meeting, 12-05-2026
- Director resignation, Iglori Invest BV (director)
- Director resignation, VerLou Invest BV (director)
- Director discharge, Iglori Invest BV
- Director discharge, VerLou Invest BV
2025
30-06
Financial
Weakest financial yearnet -€2.6m
Net result drops to -€2.6m, the lowest in the series.
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Highest result since 2019net €1.7m ▲51.8%
Operating result €2.3m, net result €1.7m, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.96
Current ratio from 1.27 to 3.96; short-term debt falls from €3.1m to €824,880.
31-12
Financial
Equity above €2mEq €2.8m ▲150%
2 profitable years in a row build equity to €2.8m.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €1.1m
Net result €1.1m after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.27
Current ratio from 0.59 to 1.27.
31-12
Financial
Equity above €1mEq €1.1m ▲10,328%
Equity rises from €10,871 to €1.1m.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Show earlier events
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200,000Eq €223,337 ▲160%
2 profitable years in a row build equity to €223,337.
11-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 2 establishment units since 2018
Ground area
3,681 m²
Building footprint
3,028 m²
Volume, LiDAR
36,218 m³
3 parcels, Flanders · tallest building 39.4 m, ±12 floors. Linked by address, not a title deed.
130
companies at this address
See who is registered here
2 establishment units
Ecoworld
since 20182.281.334.981
Franklin Rooseveltplaats 12, 2060 Antwerpen
since 20212.314.748.315
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0728/02L013 | Flanders | 1,619 m² | 1 · 1,590 m² | 18.6 m · 1 fl. |
| 31028D0103/00K002 | Flanders | 1,147 m² | 1 · 538 m² | - |
| 11808H1243/00H004 | Flanders | 916 m² | 1 · 900 m² | 39.4 m · 12 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Iglori Invest BV |
|
| Verlou Invest BV |
|
Structure & network
Part of the group
Hasco
35 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- Hasco
- Green and Durable Group
- NTJ Invest
- ECOWORLD
Highest known parent: Hasco. The sources do not say who stands above it.
Owners 1
- NTJ Investparent100%
Holdings 1
-
62.5%
According to the 2022 annual accounts of ECOWORLD and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPrivate limited company
Founded05-10-2018
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0707852748
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.