EECO HOLDING
ActiveEECO HOLDING has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14.43M and a net result of €3.49M. Equity is growing by ~3.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability31▼-13
Solvency66▼-8
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.24 in 2023; short-term debt: 58.8% and cash: 5% of total assets), and 58.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
41.2%
Return on assets
10%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
41 d early
2022
13 d early
2021
52 d early
2020
31 d early
2019
17 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3.49M▼ 60.6%
2023 · €8.85M
2018: €2.24M
2019: €938k
2020: €4.52M
2021: €3.78M
2022: €6.40M
2023: €8.85M
2018 → 2024
Working capital
€-18.75M▼ 88.8%
2023 · €-9.93M
2018: €-7.02M
2019: €-14.75M
2020: €-6.38M
2021: €-9.98M
2022: €-8.09M
2023: €-9.93M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€20.31M-€18.09M▼ 10.9%€17.59M▼ 2.8%€21.94M▲ 24.7%€14.43M▼ 34.2%
Operating result€-1.29M-€-551k▲ 57.1%€-414k▲ 25.0%€-397k▲ 4.1%€-373k▲ 6.1%
Net result€4.52M-€3.78M▼ 16.4%€6.40M▲ 69.4%€8.85M▲ 38.3%€3.49M▼ 60.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €373k in 2024 against €397k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €34.82M
Fixed assets
€32.95M▼ 19.6%
Current assets
€1.86M▼ 42.0%
Equity and liabilities €35.04M
Equity
€14.43M▼ 34.2%
Debt
€20.62M▼ 9.1%
The debt ratio rises from 50.8% to 58.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-148k▲
2023 · €-173k
Cash flow
€3.71M▼
2023 · €9.07M
Solvency
41.2%▼
2023 · 49.2%
Current ratio
0.09▼
2023 · 0.24
Quick ratio
0.09▼
2023 · 0.24
Debt / equity
1.43▲
2023 · 1.03
ROE
24.2%▼
2023 · 40.3%
ROA
10.0%▼
2023 · 19.8%
Interest coverage
-0.32▼
2023 · -0.29
Debt
€20.62M▼
2023 · €22.69M
Debt ≤ 1 year
€20.62M▲
2023 · €13.15M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€44.63M€35.04M▼
Formation expenses20€449k€224k▼
Fixed assets21/28€40.97M€32.95M▼
Financial fixed assets28€40.97M€32.95M▼
Affiliated companies280/1€32.62M€23.68M▼
Participating interests280€6.87M€6.87M=
Amounts receivable281€25.75M€16.81M▼
Other financial fixed assets284/8€8.35M€9.27M▲
Amounts receivable and cash guarantees285/8€8.35M€9.27M▲
Current assets29/58€3.21M€1.86M▼
Amounts receivable after more than one year29€61k€61k▼
Other amounts receivable291€61k€61k▼
Amounts receivable within one year40/41€37k€29k▼
Trade receivables40€37k€29k▼
Cash at bank and in hand54/58€3.10M€1.76M▼
Deferred charges and accrued income490/1€14k€14k▲
Equity and liabilities
Total equity and liabilities10/49€44.63M€35.04M▼
Equity10/15€21.94M€14.43M▼
Contributions10/11€12.41M€12.41M=
Capital10€12.41M€12.41M=
Issued capital100€12.41M€12.41M=
Reserves13€1.24M€1.24M=
Non-distributable reserves130/1€1.24M€1.24M=
Legal reserve130€1.24M€1.24M=
Profit (loss) carried forward14€8.29M€776k▼
Amounts payable17/49€22.69M€20.62M▼
Amounts payable after more than one year17€9.55M-
Financial debts170/4€9.55M-
Credit institutions173€9.55M-
Amounts payable within one year42/48€13.15M€20.62M▲
Current portion of amounts payable after more than one year42€8.52M€9.55M▲
Trade debts44€123k€70k▼
Suppliers440/4€123k€70k▼
Other amounts payable47/48€4.50M€11.00M▲
Income statement
Code20232024
Operating charges60/66A€397k€373k▼
Services and other goods61€130k€96k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€224k€225k▲
Other operating charges640/8€43k€27k▼
Non-recurring operating charges66A-€24k
Operating profit (loss)9901€-397k€-373k▲
Financial income75/76B€9.89M€4.39M▼
Recurring financial income75€9.25M€4.39M▼
Income from financial fixed assets750€9.25M€4.39M▼
Non-recurring financial income76B€635k-
Financial charges65/66B€640k€525k▼
Recurring financial charges65€640k€525k▼
Debt charges650€585k€467k▼
Other financial charges652/9€55k€58k▲
Profit (loss) for the period before taxes9903€8.85M€3.49M▼
Profit (loss) for the period9904€8.85M€3.49M▼
Profit (loss) for the period to be appropriated9905€8.85M€3.49M▼
Appropriation of the result
Profit (loss) to be appropriated9906€13.13M€11.78M▼
Profit (loss) brought forward from the previous period14P€4.28M€8.29M▲
Transfer to equity691/2€337k-
To the legal reserve6920€337k-
Profit to be distributed694/7€4.50M€11.00M▲
Return on contributions (dividend)694€4.50M€11.00M▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €8.85M ▲38.3%
Net result €8.85M, the highest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €938k ▼58.2%
Net result drops to €938k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
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.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
21-05-2025
Ippei Kojima: Resigned as Director
01-12-2024
Rajiv Mehta: Resigned as Director
01-12-2024
Rajiv Mehta: Resigned as Permanent representative
08-12-2023
Emmanuel Vandevelde: Resigned as Director
29-09-2023
Guylaine Vella: Resigned as Director
10-03-2022
Noborisaka Yoichi: Resigned as Director
15-06-2021
Gilles Madjarian: Resigned as Director
15-06-2021
Luc Lebrun: Resigned as Director
15-06-2021
Philippe LEROY: Resigned as Director
15-06-2021
Tomohiko Hirano: Resigned as Director
06-08-2020
François Pasquier: Resigned as Director
18-06-2020
Emmanuel Legrand: Resigned as Director
18-06-2020
Quentin Suzanne: Resigned as Director
18-06-2020
Taro Suzuki: Resigned as Director
06-07-2018
Hiroshi Urata: Resigned as Director
20-06-2017
Eiji Hijikata: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Raketstraat 981130 BrusselGround area
9,849 m²
Building footprint
3,799 m²
Volume, LiDAR
53,484 m³
Parcel 21821C0238/00C000, Brussels · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
EECO HOLDING
since 20162.250.965.667
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821C0238/00C000 | Brussels | 9,849 m² | 1 · 3,799 m² | 19.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Recognitions · licences · registrations
Legal Entity Identifier
213800SU7NCY55M2TI95
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-03-2016
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.