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ECS Bus & Coach

Active
Public limited companyfounded 2018active for 8 yearsFrankrijkstraat(D) 161, 7711 Mouscron, Belgium11 active companies are registered at this addressKBO/BCE: BE 0687.763.652

The file of ECS Bus & Coach contains 3 judicial reorganisation notices, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 18.6% (high). The 2025 annual accounts show equity of €1.8m and a net result of €144,058. Equity is growing by about 10% per year across the filed financial years. Its solvency ranks better than 24% of 1,059 sector peers (NACE 49, financial year 2025).

Overview

Activity
Non-scheduled passenger transport by road
NACE 49320Freight transport by road NACE 49410
6th largest company by total assets in Mouscron, Transport and storage sector2 sites
Size
€6.7mturnover 2025
Staff
50 FTE
Equity
€1.8m
Profit
€144,058
Financial health
16 Critical Checked score 2025
Bankruptcy probabilitywithin 12 months
18.6%
Structure
Accounts 29 days early0 of 6 deeds read
Why 16raises riskReorganisation plan being carried out (approved, Gazette 02-10-2026)Liquidity: current ratio 0.702 of the last 3 late3 warning signals in 24 months (reorganisation 3)Show the evidence

Checked score

Score 2025
16 / 100
Critical
Probability in this band: over 15.0%
Financially better than 47% of its sector peers (NACE 49, medium-sized)
Financial strength · tick = 2024
Average
Solvency 44-10
equity 18.5% of total assets
Liquidity 22-6
short-term debt 72.0%
Profitability 73-10
return on assets 1.5%
Bankruptcy probability, 12 months
18.6% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 5 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (274 companies, NACE 49, medium-sized)
Last 24 months 11-2024: 9.1% 12-2024: 5.0%▼ -4.1 percentage points vs 11-2024 01-2025: 5.0%● unchanged vs 12-2024 02-2025: 4.9%▼ -0.1 percentage points vs 01-2025 03-2025: 4.9%● unchanged vs 02-2025 04-2025: 4.8%▼ -0.1 percentage points vs 03-2025 05-2025: 4.8%● unchanged vs 04-2025 06-2025: 4.9%▲ +0.1 percentage points vs 05-2025 07-2025: 4.9%● unchanged vs 06-2025 08-2025: 5.4%▲ +0.5 percentage points vs 07-2025 09-2025: 5.2%▼ -0.2 percentage points vs 08-2025 10-2025: 6.8%▲ +1.6 percentage points vs 09-2025 11-2025: 1.9%▼ -4.9 percentage points vs 10-2025 12-2025: 1.9%● unchanged vs 11-2025 01-2026: 1.9%● unchanged vs 12-2025 02-2026: 1.9%● unchanged vs 01-2026lowest value 06-2026: 14.6% 07-2026: 14.6%● unchanged vs 06-2026 08-2026: 16.7%▲ +2.1 percentage points vs 07-2026 09-2026: 16.7%● unchanged vs 08-2026 10-2026: 18.6%▲ +1.9 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.7, compared with 0.56 in 2024, below 1; short-term debt: 72% of total assets), and 81.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 49, medium-sized): better than 30% on solvency, 24% on liquidity, 67% on profitability and 66% on growth.

The bankruptcy probability was computed on 16-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · Reorganisation plan being carried out (approved, Gazette 02-10-2026)
Belgian Official Gazette
raises risk · Liquidity: current ratio 0.70
NBB · annual accounts
raises risk · 2 of the last 3 late
NBB · filings
raises risk · 3 warning signals in 24 months (reorganisation 3)
Belgian Official Gazette
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1059 sector peers (2025).
NBB · sector comparison
Position among 1059 sector peers
Solvency
better than 24%
← weakest strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
29 days early
2024
62 days late
2023
99 days late
2022
109 days late
2021
80 days late
2020
23 days early
2019
16 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 40 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% 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 19 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
17-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Plan homologationEnterprise Court of Hainaut ·…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Filing of a new plan authorisedEnterprise Court of Hainaut, Tournai…

Key points

  • Caution: Result fell in 2025from €285,374 to €144,058 ▼ 49.5% View
  • Positive: 6th largest company by total assets in Mouscron, Transport and storage sectorin the Checked rankings No. 6 View
  • Turnover 20255 financial years filed €6.7m View

By topic

Financials

Financial year
2025
Turnover
€6.7m
Profit
€144,058
Solvency
18.5%
Turnover▲ 8.4%
Net result
20212025
Go to Financials

Timeline

Events
17
Since
2019
Next accounts
by 31-07-2027
  1. 03-02-2026Opening
  2. 01-10-2025Annual accounts filed
  3. 31-12-2024Highest result from 2018 to 2025
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Non-scheduled passenger transport by roadNACE 49320
Founded
10-01-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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