ECSTEND
ActiveSummary
The computed 12-month bankruptcy probability of ECSTEND is 2.1% (moderate). The 2025 annual accounts show negative equity (-€26,285) and a net result of -€38,586. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 28184 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-50
Growth36=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61 against 1.18 in 2024; short-term debt: 160.9% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-61%
Return on assets
-89.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€26,285
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 · 9 filingsDeviation from the deadline
2025
29 d early
2024
30 d early
2023
10 d early
2022
8 d early
2021
1 d early
2020
23 d early
2019
34 d 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 19 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€397,732▼ 26.2%
2020 · €539,221
EBIT margin
2.1%▼ 2.9pp
2020 · 5.0%
Net result
-€38,586▼ 18.1%
2024 · -€32,678
Working capital
-€27,314
2024 · €6,268
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€397,732▼ 26.2%
Operating result€8,439▼ 68.7%€13,413▲ 58.9%€1,278▼ 90.5%-€21,868-€31,535▼ 44.2%
Net result€4,039▼ 78.0%€6,343▲ 57.0%-€861-€32,678▼ 3,693%-€38,586▼ 18.1%
EBIT margin2.1%▼ 2.9pp
Equity€39,498▲ 11.4%€45,841▲ 16.1%€44,979▼ 1.9%€12,302▼ 72.7%-€26,285
Total assets€169,044▲ 80.5%€80,426▼ 52.4%€84,237▲ 4.7%€48,500▼ 42.4%€43,125▼ 11.1%
Debt€129,546▲ 123%€34,585▼ 73.3%€39,258▲ 13.5%€36,198▼ 7.8%€69,409▲ 91.7%
Working capital€22,669▲ 1.6%€34,590▲ 52.6%€33,445▼ 3.3%€6,268▼ 81.3%-€27,314
Staff (FTE)0.30.9▲ 200%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31,535 in 2025 against €21,868 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43,125
Fixed assets
€1,033 ▼ 85.4%
Current assets
€42,092 ▲ 1.6%
Key figures and ratios
EBITDA
-€25,490▼
2024 · -€6,424
Cash flow
-€32,541▼
2024 · -€17,234
Solvency
-61.0%▼
2024 · 25.4%
Current ratio
0.61▼
2024 · 1.18
Debt to equity
-2.64▼
2024 · 2.94
ROA
-89.5%▼
2024 · -67.4%
Interest coverage
-3.55▼
2024 · -0.60
Debt ≤ 1 year
€69,406▲
2024 · €35,154
Income taxes
€132▼
2024 · €200
Staff costs
€38,270▲
2024 · €8,361
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,943 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €397,732 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €1,200 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €8,361 | €38,270 | ▲ 358% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,486 | €11,945 | €10,626 | €15,444 | €6,045 | ▼ 60.9% |
| Other operating charges640/8 | - | €462 | €407 | €3,515 | €400 | ▼ 88.6% |
| Non-recurring operating charges66A | - | - | €416 | - | - | - |
| Gross operating margin9900 | €22,273 | €25,821 | €12,726 | €5,452 | €13,180 | ▲ 142% |
| Operating profit (loss)9901 | €8,439 | €13,413 | €1,278 | -€21,868 | -€31,535 | ▼ 44.2% |
| Financial income75/76B | - | €24 | €13 | €25 | €257 | ▲ 912% |
| Recurring financial income75 | €297 | €24 | €13 | €25 | €257 | ▲ 912% |
| Financial charges65/66B | - | €2,444 | €853 | €10,635 | €7,176 | ▼ 32.5% |
| Recurring financial charges65 | €1,435 | €2,444 | €853 | €10,635 | €7,176 | ▼ 32.5% |
| Profit (loss) for the period before taxes9903 | €7,301 | €10,994 | €439 | -€32,478 | -€38,454 | ▼ 18.4% |
| Income taxes67/77 | €3,261 | €4,651 | €1,301 | €200 | €132 | ▼ 34.0% |
| Profit (loss) for the period9904 | €4,039 | €6,343 | -€861 | -€32,678 | -€38,586 | ▼ 18.1% |
| Profit (loss) for the period to be appropriated9905 | €4,039 | €6,343 | -€861 | -€32,678 | -€38,586 | ▼ 18.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €169,044 | €80,426 | €84,237 | €48,500 | €43,125 | ▼ 11.1% |
| Fixed assets21/28 | €25,923 | €15,659 | €22,252 | €7,078 | €1,033 | ▼ 85.4% |
| Tangible fixed assets22/27 | €25,923 | €15,659 | €22,252 | €6,808 | €763 | ▼ 88.8% |
| Plant, machinery and equipment23 | - | €500 | €1,118 | €519 | €141 | ▼ 72.8% |
| Furniture and vehicles24 | - | €15,158 | €21,134 | €6,289 | €622 | ▼ 90.1% |
| Financial fixed assets28 | - | - | - | €270 | €270 | = |
| Current assets29/58 | €143,121 | €64,767 | €61,985 | €41,422 | €42,092 | ▲ 1.6% |
| Amounts receivable within one year40/41 | €122,963 | €53,666 | €41,624 | €40,831 | €39,803 | ▼ 2.5% |
| Trade receivables40 | - | €41,917 | €34,938 | €34,091 | €33,513 | ▼ 1.7% |
| Other amounts receivable41 | - | €11,749 | €6,687 | €6,740 | €6,291 | ▼ 6.7% |
| Cash at bank and in hand54/58 | €17,158 | €1,842 | €8,433 | - | - | - |
| Deferred charges and accrued income490/1 | - | €9,259 | €11,928 | €591 | €2,288 | ▲ 287% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €169,044 | €80,426 | €84,237 | €48,500 | €43,125 | ▼ 11.1% |
| Equity10/15 | €39,498 | €45,841 | €44,979 | €12,302 | -€26,285 | ▼ 314% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €8,203 | €8,203 | €6,343 | €6,343 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €6,343 | €6,343 | €6,343 | €6,343 | = |
| Profit (loss) carried forward14 | €31,438 | €31,438 | €30,576 | -€241 | -€38,828 | ▼ 15,978% |
| Amounts payable17/49 | €129,546 | €34,585 | €39,258 | €36,198 | €69,409 | ▲ 91.7% |
| Amounts payable after more than one year17 | €8,689 | €4,003 | €10,259 | €1,021 | - | - |
| Financial debts170/4 | - | €4,003 | €10,259 | €1,021 | - | - |
| Amounts payable within one year42/48 | €120,452 | €30,177 | €28,540 | €35,154 | €69,406 | ▲ 97.4% |
| Current portion of amounts payable after more than one year42 | - | €7,007 | €11,727 | €5,929 | €1,021 | ▼ 82.8% |
| Financial debts43 | - | - | - | €12,645 | €29,116 | ▲ 130% |
| Credit institutions430/8 | - | - | - | €12,645 | €29,116 | ▲ 130% |
| Trade debts44 | €94,157 | €13,896 | €2,997 | €754 | €4,430 | ▲ 488% |
| Suppliers440/4 | - | €13,896 | €2,997 | €754 | €4,430 | ▲ 488% |
| Taxes, remuneration and social security45 | - | €7,193 | €2,606 | €14,614 | €31,940 | ▲ 119% |
| Taxes450/3 | - | €6,659 | €1,806 | €5,250 | €6,950 | ▲ 32.4% |
| Remuneration and social security454/9 | - | €533 | €800 | €9,364 | €24,990 | ▲ 167% |
| Other amounts payable47/48 | - | €2,081 | €11,210 | €1,212 | €2,899 | ▲ 139% |
| Accrued charges and deferred income492/3 | - | €405 | €459 | €24 | €4 | ▼ 85.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,039 | €6,343 | -€861 | -€32,678 | -€38,586 | ▼ 18.1% |
| + Depreciation and write-downs630 | €8,486 | €11,945 | €10,626 | €15,444 | €6,045 | ▼ 60.9% |
| Operating cash flow (approximation) | €12,525 | €18,288 | €9,764 | -€17,234 | -€32,541 | ▼ 88.8% |
| Investment in fixed assets (approximation) | - | -€1,681 | -€17,219 | -€270 | €0 | ▲ 100% |
| Change in cash | - | -€15,315 | €6,590 | - | - | - |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€38,586
Net result drops to -€38,586, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-05
Financial
Highest result since 2019net €18,353 ▲3,408%
Operating result €26,942, net result €18,353, both a record.
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 106 days late
2018
22-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Charleroi · 1 establishment unit since 2016
Ground area
245 m²
Building footprint
48 m²
Volume, LiDAR
487 m³
Parcel 52061B0382/00H003, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ECSTEND
since 20162.250.826.107
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52061B0382/00H003 | Wallonia | 245 m² | 1 · 48 m² | 11.7 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 15,521 companies in sector 43990 we hold annual accounts for 7,420. 4,439 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647827465
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.