ECTECH
ActiveSummary
ECTECH has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127k and a net result of €-28k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 42% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-3
Solvency56▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.51 against 1.9 in 2024; short-term debt: 14.8% and cash: 1.8% of total assets), but 68.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
31.5%
Return on assets
-6.8%
Age of the figures
9 mo
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
1819202122232425
2018 to 2025 · latest year €-28k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
11 d early
2021
12 d early
2020
17 d late
2019
25 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, micro schema
Equity
€127k▼ 17.8%
2024 · €155k
Total assets
€404k▼ 15.4%
2024 · €477k
Net result
€-28k▼ 25.9%
2024 · €-22k
Working capital
€90k▲ 11.4%
2024 · €81k
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
Operating result€24k▼ 50.1%€29k▲ 23.8%€-32k€-19k▲ 41.7%€-25k▼ 36.3%
Net result€19k▼ 55.5%€15k▼ 21.4%€-36k€-22k▲ 38.5%€-28k▼ 25.9%
Equity€197k▲ 11.0%€212k▲ 7.8%€177k▼ 16.8%€155k▼ 12.4%€127k▼ 17.8%
Total assets€533k▼ 3.9%€588k▲ 10.4%€676k▲ 14.8%€477k▼ 29.4%€404k▼ 15.4%
Debt€336k▼ 10.9%€376k▲ 11.9%€499k▲ 32.7%€322k▼ 35.4%€277k▼ 14.2%
Working capital€82k▲ 37.7%€78k▼ 4.6%€104k▲ 32.6%€81k▼ 22.0%€90k▲ 11.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2025 against €19k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €404k
Fixed assets
€253k ▼ 17.2%
Current assets
€150k ▼ 12.2%
Equity and liabilities €404k
Equity
€127k ▼ 17.8%
Debt
€277k ▼ 14.2%
Debt's share of the balance-sheet total rises from 67.6% to 68.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€27k▼
2024 · €34k
Cash flow
€25k▼
2024 · €31k
Current ratio
2.51▲
2024 · 1.90
Quick ratio
0.66▼
2024 · 0.74
Debt to equity
2.18▲
2024 · 2.08
ROE
-21.7%▼
2024 · -14.2%
ROA
-6.8%▼
2024 · -4.6%
Interest coverage
13.13▲
2024 · 11.05
Debt ≤ 1 year
€60k▼
2024 · €90k
Debt > 1 year
€217k▼
2024 · €232k
Income taxes
€224▼
2024 · €248
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €2k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €25k | €50k | €52k | €52k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4k | €0 | €12k | €0 | €3k | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €4k | €5k | €4k | €4k | €4k | ▼ 2.0% |
| Non-recurring operating charges66A | €0 | €2k | €0 | - | - | - |
| Gross operating margin9900 | €55k | €62k | €34k | €38k | €34k | ▼ 10.5% |
| Operating profit (loss)9901 | €24k | €29k | €-32k | €-19k | €-25k | ▼ 36.3% |
| Financial income75/76B | €246 | €413 | €110 | €59 | €134 | ▲ 127% |
| Recurring financial income75 | €246 | €413 | €110 | €59 | €134 | ▲ 127% |
| Financial charges65/66B | €2k | €9k | €3k | €3k | €2k | ▼ 32.8% |
| Recurring financial charges65 | €2k | €9k | €3k | €3k | €2k | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €22k | €21k | €-35k | €-22k | €-27k | ▼ 26.3% |
| Income taxes67/77 | €2k | €6k | €261 | €248 | €224 | ▼ 9.8% |
| Profit (loss) for the period9904 | €19k | €15k | €-36k | €-22k | €-28k | ▼ 25.9% |
| Profit (loss) for the period to be appropriated9905 | €19k | €15k | €-36k | €-22k | €-28k | ▼ 25.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €533k | €588k | €676k | €477k | €404k | ▼ 15.4% |
| Fixed assets21/28 | €265k | €320k | €358k | €306k | €253k | ▼ 17.2% |
| Tangible fixed assets22/27 | €265k | €320k | €358k | €306k | €253k | ▼ 17.2% |
| Land and buildings22 | €252k | €236k | €222k | €208k | €194k | ▼ 6.7% |
| Plant, machinery and equipment23 | €667 | €5k | €74k | €51k | €29k | ▼ 43.5% |
| Furniture and vehicles24 | €11k | €79k | €63k | €46k | €30k | ▼ 35.0% |
| Current assets29/58 | €268k | €268k | €317k | €171k | €150k | ▼ 12.2% |
| Stocks and contracts in progress3 | €200k | €219k | €126k | €105k | €111k | ▲ 5.8% |
| Stocks30/36 | €200k | €219k | €126k | €105k | €111k | ▲ 5.8% |
| Amounts receivable within one year40/41 | €35k | €34k | €155k | €31k | €7k | ▼ 77.7% |
| Trade receivables40 | €35k | €34k | €155k | €31k | €7k | ▼ 77.6% |
| Other amounts receivable41 | €32 | €0 | €264 | €121 | €0 | ▼ 100% |
| Current investments50/53 | - | - | €3k | €10k | €16k | ▲ 60.6% |
| Cash at bank and in hand54/58 | €32k | €13k | €8k | €8k | €7k | ▼ 9.4% |
| Deferred charges and accrued income490/1 | €2k | €1k | €25k | €17k | €9k | ▼ 46.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €533k | €588k | €676k | €477k | €404k | ▼ 15.4% |
| Equity10/15 | €197k | €212k | €177k | €155k | €127k | ▼ 17.8% |
| Contributions10/11 | €170k | €170k | €170k | €170k | €170k | = |
| Reserves13 | €26k | €41k | €34k | €34k | €34k | = |
| Non-distributable reserves130/1 | €7k | €7k | €0 | - | - | - |
| Reserves not available under the articles1311 | €7k | €7k | €0 | - | - | - |
| Distributable reserves133 | €19k | €34k | €34k | €34k | €34k | = |
| Profit (loss) carried forward14 | €735 | €757 | €-28k | €-50k | €-77k | ▼ 55.4% |
| Amounts payable17/49 | €336k | €376k | €499k | €322k | €277k | ▼ 14.2% |
| Amounts payable after more than one year17 | €150k | €182k | €282k | €232k | €217k | ▼ 6.7% |
| Financial debts170/4 | €50k | €82k | €82k | €32k | €17k | ▼ 48.2% |
| Other amounts payable178/9 | €100k | €100k | €200k | €200k | €200k | = |
| Amounts payable within one year42/48 | €186k | €190k | €213k | €90k | €60k | ▼ 33.4% |
| Current portion of amounts payable after more than one year42 | €13k | €17k | €21k | €15k | €16k | ▲ 4.3% |
| Trade debts44 | €12k | €9k | €143k | €21k | €15k | ▼ 31.5% |
| Suppliers440/4 | €12k | €9k | €143k | €21k | €15k | ▼ 31.5% |
| Taxes, remuneration and social security45 | €13k | €14k | €11k | €11k | €11k | ▼ 6.2% |
| Taxes450/3 | €13k | €14k | €11k | €9k | €9k | ▼ 7.8% |
| Remuneration and social security454/9 | - | - | - | €2k | €2k | ▲ 1.1% |
| Other amounts payable47/48 | €148k | €150k | €38k | €42k | €19k | ▼ 55.3% |
| Accrued charges and deferred income492/3 | €0 | €4k | €3k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €15k | €-36k | €-22k | €-28k | ▼ 25.9% |
| + Depreciation and write-downs630 | €23k | €25k | €50k | €52k | €52k | = |
| Operating cash flow (approximation) | €42k | €41k | €14k | €31k | €25k | ▼ 18.6% |
| Investment in fixed assets (approximation) | - | €-81k | €-88k | €0 | €0 | - |
| Change in cash | - | €-18k | €-5k | €143 | €-761 | ▼ 633% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €212k ▲7.8%
4 profitable years in a row build equity to €212k.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Highest result since 2018net €44k ▲156%
Operating result €47k, net result €44k, both a record.
31-12
Financial
Equity above €150kEq €178k ▲32.7%
2 profitable years in a row build equity to €178k.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ingelmunster · 1 establishment unit since 2000
Ground area
620 m²
Building footprint
407 m²
Volume, LiDAR
2,320 m³
Parcel 36007C0005/00D002, Flanders · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kortrijkstraat 21, 8770 Ingelmunster
since 20002.101.962.779
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007C0005/00D002 | Flanders | 620 m² | 1 · 407 m² | 12.7 m · 2 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 979 companies in sector 46431 we hold annual accounts for 705. 504 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
Founded07-01-2000
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
Scores and ratios are computed by Checked and are not a credit decision.