EKO
ActiveEKO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €15.53M and a net result of €1.82M. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+3
Solvency86▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.3M at 30 days acceptable
Liquidity ample (current ratio 40.89 against 38.32 in 2023; short-term debt: 1.7% and cash: 17.4% of total assets), and 39.2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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
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
60.8%
Return on assets
7.1%
Age of the figures
20 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 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
29 d early
2022
3 d late
2021
11 d late
2020
4 d early
2019
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€15.53M▲ 13.3%
2023 · €13.71M
2018: €4.16M
2019: €4.62M
2020: €4.96M
2021: €12.32M
2022: €12.53M
2023: €13.71M
2018 → 2024
Total assets
€25.55M▲ 5.1%
2023 · €24.30M
2018: €5.34M
2019: €6.26M
2020: €8.63M
2021: €24.62M
2022: €25.36M
2023: €24.30M
2018 → 2024
Net result
€1.82M▲ 42.6%
2023 · €1.28M
2018: €380k
2019: €543k
2020: €307k
2021: €671k
2022: €308k
2023: €1.28M
2018 → 2024
Working capital
€16.86M▼ 3.7%
2023 · €17.50M
2018: €2.56M
2019: €2.78M
2020: €2.35M
2021: €18.33M
2022: €17.68M
2023: €17.50M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4.96M-€12.32M▲ 148%€12.53M▲ 1.7%€13.71M▲ 9.4%€15.53M▲ 13.3%
Operating result€180k-€566k▲ 214%€146k▼ 74.2%€1.24M▲ 746%€1.52M▲ 22.4%
Net result€307k-€671k▲ 118%€308k▼ 54.0%€1.28M▲ 315%€1.82M▲ 42.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 22% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €25.55M
Fixed assets
€8.27M▲ 30.5%
Current assets
€17.28M▼ 3.8%
Equity and liabilities €25.55M
Equity
€15.53M▲ 13.3%
Provisions
€2.92M▼ 3.6%
Debt
€7.10M▼ 6.1%
The debt ratio falls from 31.1% to 27.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.97M▲
2023 · €1.63M
Cash flow
€2.28M▲
2023 · €1.67M
Solvency
60.8%▲
2023 · 56.4%
Current ratio
40.89▲
2023 · 38.32
Quick ratio
40.89▲
2023 · 38.32
Debt / equity
0.46▼
2023 · 0.55
ROE
11.7%▲
2023 · 9.3%
ROA
7.1%▲
2023 · 5.3%
Interest coverage
78.66▲
2023 · 55.15
Debt
€7.10M▼
2023 · €7.56M
Debt ≤ 1 year
€423k▼
2023 · €469k
Debt > 1 year
€1.33M▼
2023 · €1.42M
Income taxes
€61k▲
2023 · €2k
Staff costs
€216k▲
2023 · €216k
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€24.30M€25.55M▲
Fixed assets21/28€6.34M€8.27M▲
Intangible fixed assets21€5k€4k▼
Tangible fixed assets22/27€6.33M€8.26M▲
Land and buildings22€1.64M€3.79M▲
Plant, machinery and equipment23€154k€198k▲
Other tangible fixed assets26€4.53M€4.28M▼
Financial fixed assets28€55€55=
Current assets29/58€17.97M€17.28M▼
Amounts receivable within one year40/41€4.51M€4.38M▼
Trade receivables40€223k€222k▼
Other amounts receivable41€4.29M€4.16M▼
Current investments50/53€11.00M€8.26M▼
Cash at bank and in hand54/58€2.25M€4.44M▲
Deferred charges and accrued income490/1€208k€194k▼
Equity and liabilities
Total equity and liabilities10/49€24.30M€25.55M▲
Equity10/15€13.71M€15.53M▲
Contributions10/11€1.09M€1.09M=
Capital10€1.09M€1.09M=
Issued capital100€1.09M€1.09M=
Reserves13€4.40M€6.22M▲
Non-distributable reserves130/1€109k€109k=
Legal reserve130€109k€109k=
Distributable reserves133€4.29M€6.11M▲
Investment grants15€8.22M€8.22M▼
Provisions and deferred taxes16€3.03M€2.92M▼
Provisions for liabilities and charges160/5€293k€185k▼
Major repairs and maintenance162€293k€185k▼
Deferred taxes168€2.74M€2.74M▼
Amounts payable17/49€7.56M€7.10M▼
Amounts payable after more than one year17€1.42M€1.33M▼
Financial debts170/4€1.42M€1.33M▼
Amounts payable within one year42/48€469k€423k▼
Current portion of amounts payable after more than one year42€83k€84k▲
Trade debts44€344k€308k▼
Suppliers440/4€344k€308k▼
Taxes, remuneration and social security45€42k€31k▼
Taxes450/3€11k-
Remuneration and social security454/9€32k€31k▼
Accrued charges and deferred income492/3€5.67M€5.34M▼
Income statement
Code20232024
Non-recurring operating income76A€29k-
Remuneration, social security and pensions62€216k€216k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€390k€451k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-304k€-108k▲
Other operating charges640/8€69k€72k▲
Gross operating margin9900€1.61M€2.15M▲
Operating profit (loss)9901€1.24M€1.52M▲
Financial income75/76B€285k€353k▲
Recurring financial income75€285k€353k▲
Financial charges65/66B€274k€25k▼
Recurring financial charges65€30k€25k▼
Non-recurring financial charges66B€245k-
Profit (loss) for the period before taxes9903€1.25M€1.84M▲
Transfer from deferred taxes780€33k€40k▲
Income taxes67/77€2k€61k▲
Profit (loss) for the period9904€1.28M€1.82M▲
Profit (loss) for the period to be appropriated9905€1.28M€1.82M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.28M€1.82M▲
Transfer to equity691/2€1.28M€1.82M▲
To other reserves6921€1.28M€1.82M▲
Social balance
Average headcount (FTE)90873.13.4▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.82M ▲42.6%
Operating result €1.52M, net result €1.82M, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 38.32
Current ratio from 10.58 to 38.32; short-term debt falls from €1.85M to €469k.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
31-12
Financial
Liquidity times 6current ratio 23.93
Current ratio from 3.74 to 23.93; short-term debt falls from €860k to €800k.
31-12
Financial
Equity above €10MEq €12.32M ▲148%
4 profitable years in a row build equity to €12.32M.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €307k ▼43.4%
Net result drops to €307k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
17 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, Oostende · 1 establishment unit since 2002
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.
Kursaal-Westhelling 128400 OostendeGround area
1.1 ha
Building footprint
8,457 m²
Volume, LiDAR
148,056 m³
Parcel 35013A1596/00E018, Flanders · tallest building 25.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
OOSTHELLING KURSAAL
since 20022.114.730.553
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1596/00E018 | Flanders | 1.1 ha | 1 · 8,457 m² | 25.1 m · 6 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 45,721 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 45,721 EUR | 0 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
Recognitions · licences · registrations
Legal Entity Identifier
875500DSCMTZ94TU4S03
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Of 642 companies in sector 90312 we hold annual accounts for 227. 25 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-09-2002
Fiscal year end31-12
Activities, NACEBEL
90311Arts creation and performing arts activities
90312Arts creation and performing arts activities
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:els.degryse@kursaaloostende.be
Phone:059340084