ECSOR
ActiveSummary
ECSOR has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120k and a net result of €-15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 634 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-85
Solvency51▼-7
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.25 in 2024; short-term debt: 73.7% and cash: 14.1% of total assets), and 73.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
26.3%
Return on assets
-3.3%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
14 d early
2023
72 d late
2022
78 d late
2021
31 d late
2020
89 d late
2019
61 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
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-15k
2024 · €143k
2018: €11k
2019: €-44k▼ -501% vs 2018
2020: €-137k▼ -213% vs 2019lowest in 8 years
2021: €-6k▲ +95.5% vs 2020
2022: €7k▲ +211% vs 2021
2023: €-21k▼ -411% vs 2022
2024: €143k▲ +770% vs 2023highest in 8 years
2025: €-15k▼ -111% vs 2024
2018 → 2025
Working capital
€61k▼ 13.2%
2024 · €71k
2018: €51k
2019: €28k▼ -44.3% vs 2018
2020: €-100k▼ -451% vs 2019lowest in 8 years
2021: €-41k▲ +59.1% vs 2020
2022: €-54k▼ -32.3% vs 2021
2023: €-78k▼ -45.5% vs 2022
2024: €71k▲ +190% vs 2023highest in 8 years
2025: €61k▼ -13.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€13k▲ 110%€-8k€135k€120k▼ 11.3%
2021: €6k
2022: €13k▲ +110% vs 2021
2023: €-8k▼ -163% vs 2022lowest in 5 years
2024: €135k▲ +1738% vs 2023highest in 5 years
2025: €120k▼ -11.3% vs 2024
Operating result€14k-€9k▼ 40.1%€-19k€144k€-14k
2021: €14k
2022: €9k▼ -40.1% vs 2021
2023: €-19k▼ -324% vs 2022lowest in 5 years
2024: €144k▲ +853% vs 2023highest in 5 years
2025: €-14k▼ -110% vs 2024
Net result€-6k-€7k€-21k€143k€-15k
2021: €-6k
2022: €7k▲ +211% vs 2021
2023: €-21k▼ -411% vs 2022lowest in 5 years
2024: €143k▲ +770% vs 2023highest in 5 years
2025: €-15k▼ -111% vs 2024
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14k after €144k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €456k
Fixed assets
€59k ▼ 9.2%
Current assets
€397k ▲ 13.2%
Equity and liabilities €456k
Equity
€120k ▼ 11.3%
Debt
€336k ▲ 19.9%
Debt's share of the balance-sheet total rises from 67.5% to 73.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▼
2024 · €150k
Cash flow
€-9k▼
2024 · €149k
Current ratio
1.18▼
2024 · 1.25
Debt to equity
2.80▲
2024 · 2.07
ROE
-12.7%▼
2024 · 106.1%
ROA
-3.3%▼
2024 · 34.5%
Interest coverage
-9.08▼
2024 · 240.25
Debt ≤ 1 year
€336k▲
2024 · €280k
Income taxes
€0▼
2024 · €69
Staff costs
€48k▼
2024 · €101k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€416k€456k▲
Fixed assets21/28€65k€59k▼
Tangible fixed assets22/27€12k€7k▼
Furniture and vehicles24€12k€7k▼
Financial fixed assets28€52k€52k=
Current assets29/58€351k€397k▲
Amounts receivable within one year40/41€306k€302k▼
Trade receivables40€303k€302k▼
Other amounts receivable41€3k€0▼
Current investments50/53€30k€30k=
Cash at bank and in hand54/58€12k€64k▲
Deferred charges and accrued income490/1€3k€868▼
Equity and liabilities
Total equity and liabilities10/49€416k€456k▲
Equity10/15€135k€120k▼
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€8k€8k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Profit (loss) carried forward14€53k€37k▼
Amounts payable17/49€280k€336k▲
Amounts payable within one year42/48€280k€336k▲
Trade debts44€274k€302k▲
Suppliers440/4€274k€302k▲
Taxes, remuneration and social security45€5k€32k▲
Taxes450/3€305€26k▲
Remuneration and social security454/9€5k€6k▲
Other amounts payable47/48€2k€2k=
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€101k€48k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8€719€694▼
Gross operating margin9900€252k€40k▼
Operating profit (loss)9901€144k€-14k▼
Financial income75/76B€0€51▲
Recurring financial income75€0€51▲
Financial charges65/66B€625€928▲
Recurring financial charges65€625€928▲
Profit (loss) for the period before taxes9903€144k€-15k▼
Income taxes67/77€69€0▼
Profit (loss) for the period9904€143k€-15k▼
Profit (loss) for the period to be appropriated9905€143k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€37k▼
Profit (loss) brought forward from the previous period14P€-89k€53k▲
Transfer to equity691/2€2k€0▼
To the legal reserve6920€2k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €161k | €158k | €164k | €101k | €48k | ▼ 52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €236 | €3k | €5k | €6k | €6k | ▼ 1.0% |
| Other operating charges640/8 | €1k | €789 | €13k | €719 | €694 | ▼ 3.5% |
| Gross operating margin9900 | €177k | €171k | €164k | €252k | €40k | ▼ 84.1% |
| Operating profit (loss)9901 | €14k | €9k | €-19k | €144k | €-14k | ▼ 110% |
| Financial income75/76B | €0 | €142 | €0 | €0 | €51 | ▲ 100,920% |
| Recurring financial income75 | €0 | €142 | €0 | €0 | €51 | ▲ 100,920% |
| Financial charges65/66B | €20k | €2k | €2k | €625 | €928 | ▲ 48.5% |
| Recurring financial charges65 | €20k | €2k | €2k | €625 | €928 | ▲ 48.5% |
| Profit (loss) for the period before taxes9903 | €-6k | €7k | €-21k | €144k | €-15k | ▼ 111% |
| Income taxes67/77 | €254 | €215 | €278 | €69 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €-6k | €7k | €-21k | €143k | €-15k | ▼ 111% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €7k | €-21k | €143k | €-15k | ▼ 111% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €454k | €302k | €313k | €416k | €456k | ▲ 9.8% |
| Fixed assets21/28 | €53k | €67k | €71k | €65k | €59k | ▼ 9.2% |
| Tangible fixed assets22/27 | €330 | €15k | €18k | €12k | €7k | ▼ 47.7% |
| Furniture and vehicles24 | €330 | €15k | €18k | €12k | €7k | ▼ 47.7% |
| Financial fixed assets28 | €52k | €52k | €52k | €52k | €52k | = |
| Current assets29/58 | €401k | €235k | €242k | €351k | €397k | ▲ 13.2% |
| Amounts receivable within one year40/41 | €267k | €188k | €171k | €306k | €302k | ▼ 1.2% |
| Trade receivables40 | €228k | €173k | €168k | €303k | €302k | ▼ 0.1% |
| Other amounts receivable41 | €39k | €16k | €2k | €3k | €0 | ▼ 100% |
| Current investments50/53 | €30k | €30k | €30k | €30k | €30k | = |
| Cash at bank and in hand54/58 | €103k | €15k | €40k | €12k | €64k | ▲ 444% |
| Deferred charges and accrued income490/1 | €415 | €2k | €2k | €3k | €868 | ▼ 72.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €454k | €302k | €313k | €416k | €456k | ▲ 9.8% |
| Equity10/15 | €6k | €13k | €-8k | €135k | €120k | ▼ 11.3% |
| Contributions10/11 | €75k | €75k | €75k | €75k | €75k | = |
| Capital10 | €75k | €75k | €75k | €75k | €75k | = |
| Issued capital100 | €75k | €75k | €75k | €75k | €75k | = |
| Reserves13 | €6k | €6k | €6k | €8k | €8k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €8k | €8k | = |
| Legal reserve130 | €6k | €6k | €6k | €8k | €8k | = |
| Profit (loss) carried forward14 | €-75k | €-68k | €-89k | €53k | €37k | ▼ 28.9% |
| Amounts payable17/49 | €447k | €289k | €321k | €280k | €336k | ▲ 19.9% |
| Amounts payable within one year42/48 | €442k | €289k | €321k | €280k | €336k | ▲ 19.9% |
| Trade debts44 | €414k | €272k | €277k | €274k | €302k | ▲ 10.5% |
| Suppliers440/4 | €414k | €272k | €277k | €274k | €302k | ▲ 10.5% |
| Taxes, remuneration and social security45 | €26k | €15k | €41k | €5k | €32k | ▲ 520% |
| Taxes450/3 | €31 | €0 | €26k | €305 | €26k | ▲ 8,535% |
| Remuneration and social security454/9 | €26k | €15k | €16k | €5k | €6k | ▲ 20.5% |
| Other amounts payable47/48 | €2k | €2k | €2k | €2k | €2k | = |
| Accrued charges and deferred income492/3 | €5k | €0 | €400 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €7k | €-21k | €143k | €-15k | ▼ 111% |
| + Depreciation and write-downs630 | €236 | €3k | €5k | €6k | €6k | ▼ 1.0% |
| Operating cash flow (approximation) | €-6k | €10k | €-16k | €149k | €-9k | ▼ 106% |
| Investment in fixed assets (approximation) | - | €-18k | €-9k | €0 | €0 | - |
| Change in cash | - | €-89k | €25k | €-28k | €52k | ▲ 286% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €143k
Net result €143k after one loss-making year.
31-12
Financial
Equity above €100kEq €135k
Equity rises from €-8k to €135k.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 72 days late
2023
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 78 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
31-12
Financial
Weakest financial yearnet €-137k
Net result drops to €-137k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Chastre · 2 establishment units since 2017
Ground area
1,578 m²
Building footprint
129 m²
Volume, LiDAR
964 m³
Parcel 25017C0576/00B000, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
ECSOR
since 20172.269.988.753
ECSOR
since 20232.343.932.150
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25017C0576/00B000 | Wallonia | 1,578 m² | 1 · 129 m² | 9.3 m · 3 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.
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Of 4,564 companies in sector 74999 we hold annual accounts for 1,936. 1,544 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
72109Other research and development on natural sciences
74999Other professional, scientific and technical activities
73200Market research and public opinion polling
Scores and ratios are computed by Checked and are not a credit decision.