EKOSTO

Active

Public limited companyfounded 199531 yrs activeReepstraat(SGW) 212, 9170 Sint-Gillis-Waas, BelgiumKBO/BCE: BE 0454.787.963

Summary

EKOSTO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €254,195 and a net result of €153,968. Equity is shrinking by ~28.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 240 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysis Watch Report Compare

EKOSTOActiveChecked score 53/100

Risk analysis Report Compare

Checked score

Score 2024

53 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability72▼-1

Solvency28▼-10

Growth57▼-1

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €13,000 at 30 days acceptable

Liquidity short (current ratio 0.56 against 0.57 in 2023; short-term debt: 88.5% of total assets), and 96.6% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 38

Relative position

BE, all sectors

reference

Waste collection, recovery and disposal activities (NACE 38)

about 10% more bankruptcies

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 240 sector peers (2024).

NBB · sector comparison

Position among 240 sector peers

Solvency

better than 14%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

44 d early

2023

58 d early

2022

26 d early

2021

60 d early

2020

64 d early

2019

80 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 55 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

EKOSTO was incorporated on 20 March 1995.¹ Total assets rose from EUR 2.6 million in 2018 to EUR 7.4 million in 2024.²

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?ACKERMANS & VAN HAAREN · 118 companies How does this company compare with its sector?Sector benchmark

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, abbreviated schema

Turnover

€8.8m▲ 6.5%

2023 · €8.3m

EBIT margin

2.6%▲ 0.5pp

2023 · 2.2%

Net result

€153,968▼ 4.8%

2023 · €161,733

Working capital

-€2.9m▼ 64.0%

2023 · -€1.8m

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20202021202220232024

Turnover€8.3m€8.8m▲ 6.5%

Operating result€311,706▼ 66.8%€253,194▼ 18.8%€616,394▲ 143%€180,791▼ 70.7%€233,949▲ 29.4%

Net result€310,493▼ 66.8%€252,044▼ 18.8%€615,407▲ 144%€161,733▼ 73.7%€153,968▼ 4.8%

EBIT margin2.2%2.6%▲ 0.5pp

Equity€1.7m▼ 28.9%€950,099▼ 44.0%€565,506▼ 40.5%€727,239▲ 28.6%€254,195▼ 65.0%

Total assets€4.1m▲ 3.7%€3.1m▼ 24.6%€5.0m▲ 61.0%€5.7m▲ 14.4%€7.4m▲ 29.8%

Debt€1.6m▲ 135%€1.3m▼ 16.9%€3.5m▲ 168%€4.1m▲ 19.2%€6.6m▲ 59.3%

Working capital€455,267▼ 71.0%-€431,359-€773,600▼ 79.3%-€1.8m▼ 130%-€2.9m▼ 64.0%

Solvency41.1%▼ 18.8pp30.5%▼ 10.6pp11.3%▼ 19.2pp12.7%▲ 1.4pp3.4%▼ 9.3pp

above within below the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 29% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €7.4m

50.8%

49.2%

Fixed assets €3.8m ▲ 11.7%

Current assets €3.7m ▲ 55.8%

Equity and liabilities €7.4m

88.5%

Equity €254,195 ▼ 65.0%

Provisions €605,273 ▼ 30.9%

Debt €6.6m ▲ 59.3%

Debt's share of the balance-sheet total rises from 72.1% to 88.5%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€1.2m▲

2023 · €1.1m

Cash flow

€1.1m▼

2023 · €1.1m

Current ratio

0.56▼

2023 · 0.57

Debt to equity

25.91▲

2023 · 5.68

ROE

60.6%▲

2023 · 22.2%

ROA

2.1%▼

2023 · 2.8%

Interest coverage

14.72▼

2023 · 48.33

Debt ≤ 1 year

€6.6m▲

2023 · €4.1m

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 202 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 99% are still going.

Medium-sized
20 years or older
solvency under 10%
a profit under 5% of the balance sheet

0.5% went bankrupt

0% stopped otherwise

99% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 202 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines

Balance sheet Code20232024

Assets

Total assets20/58€5.7m€7.4m▲

Fixed assets21/28€3.4m€3.8m▲

Tangible fixed assets22/27€3.4m€3.8m▲

Land and buildings22€3.2m€3.4m▲

Plant, machinery and equipment23€217,313€165,785▼

Assets under construction and advance payments27-€175,925

Current assets29/58€2.4m€3.7m▲

Amounts receivable within one year40/41€1.6m€3.2m▲

Trade receivables40€1.1m€2.8m▲

Other amounts receivable41€466,302€406,201▼

Deferred charges and accrued income490/1€760,323€461,005▼

Equity and liabilities

Total equity and liabilities10/49€5.7m€7.4m▲

Equity10/15€727,239€254,195▼

Contributions10/11€221,896€221,896=

Capital10€221,896€221,896=

Issued capital100€221,896€221,896=

Reserves13€505,344€32,300▼

Non-distributable reserves130/1€32,300€32,300=

Legal reserve130€32,300€32,300=

Distributable reserves133€473,044-

Provisions and deferred taxes16€876,097€605,273▼

Provisions for liabilities and charges160/5€876,097€605,273▼

Environmental obligations163€876,097€605,273▼

Amounts payable17/49€4.1m€6.6m▲

Amounts payable within one year42/48€4.1m€6.6m▲

Trade debts44€3.2m€3.9m▲

Suppliers440/4€3.2m€3.9m▲

Other amounts payable47/48€904,929€2.7m▲

Income statement Code20232024

Turnover70€8.3m€8.8m▲

Goods, raw materials, services and sundry goods60/61€7.2m€7.9m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€942,784€943,215=

Provisions for liabilities and charges: additions (uses and reversals)635/8-€104,901-€270,824▼

Other operating charges640/8€34,761€50,964▲

Gross operating margin9900€1.1m€957,304▼

Operating profit (loss)9901€180,791€233,949▲

Financial income75/76B€4,190-

Recurring financial income75€4,190-

Financial charges65/66B€23,248€79,981▲

Recurring financial charges65€23,248€79,981▲

Profit (loss) for the period before taxes9903€161,733€153,968▼

Profit (loss) for the period9904€161,733€153,968▼

Profit (loss) for the period to be appropriated9905€161,733€153,968▼

Appropriation of the result

Profit (loss) to be appropriated9906€161,733€153,968▼

Transfer from equity791/2-€473,044

Transfer to equity691/2€161,733-

To other reserves6921€161,733-

Profit to be distributed694/7-€627,012

Return on contributions (dividend)694-€627,012

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2020	2021	2022	2023	2024	Change
Turnover70	-	-	-	€8.3m	€8.8m	▲ 6.5%
Goods, raw materials, services and sundry goods60/61	-	-	-	€7.2m	€7.9m	▲ 8.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€418,082	€180,522	€676,876	€942,784	€943,215	=
Provisions for liabilities and charges: additions (uses and reversals)635/8	-	-€3,640	€111,259	-€104,901	-€270,824	▼ 158%
Other operating charges640/8	-	€30,793	€41,611	€34,761	€50,964	▲ 46.6%
Gross operating margin9900	€709,168	€460,869	€1.4m	€1.1m	€957,304	▼ 9.1%
Operating profit (loss)9901	€311,706	€253,194	€616,394	€180,791	€233,949	▲ 29.4%
Financial income75/76B	-	-	-	€4,190	-	-
Recurring financial income75	-	-	-	€4,190	-	-
Financial charges65/66B	-	€1,150	€987	€23,248	€79,981	▲ 244%
Recurring financial charges65	€1,213	€1,150	€987	€23,248	€79,981	▲ 244%
Profit (loss) for the period before taxes9903	€310,493	€252,044	€615,407	€161,733	€153,968	▼ 4.8%
Profit (loss) for the period9904	€310,493	€252,044	€615,407	€161,733	€153,968	▼ 4.8%
Profit (loss) for the period to be appropriated9905	€310,493	€252,044	€615,407	€161,733	€153,968	▼ 4.8%

Line	2020	2021	2022	2023	2024	Change
Assets
Total assets20/58	€4.1m	€3.1m	€5.0m	€5.7m	€7.4m	▲ 29.8%
Fixed assets21/28	€2.1m	€2.3m	€2.3m	€3.4m	€3.8m	▲ 11.7%
Tangible fixed assets22/27	€2.1m	€2.3m	€2.3m	€3.4m	€3.8m	▲ 11.7%
Land and buildings22	-	€1.9m	€2.1m	€3.2m	€3.4m	▲ 8.6%
Plant, machinery and equipment23	-	€320,369	€268,841	€217,313	€165,785	▼ 23.7%
Assets under construction and advance payments27	-	-	-	-	€175,925	-
Financial fixed assets28	€1,000	-	-	-	-	-
Current assets29/58	€2.0m	€864,167	€2.7m	€2.4m	€3.7m	▲ 55.8%
Amounts receivable within one year40/41	€2.0m	€864,167	€2.5m	€1.6m	€3.2m	▲ 101%
Trade receivables40	-	€454,306	€2.3m	€1.1m	€2.8m	▲ 149%
Other amounts receivable41	-	€409,861	€238,962	€466,302	€406,201	▼ 12.9%
Deferred charges and accrued income490/1	-	-	€200,000	€760,323	€461,005	▼ 39.4%
Equity and liabilities
Total equity and liabilities10/49	€4.1m	€3.1m	€5.0m	€5.7m	€7.4m	▲ 29.8%
Equity10/15	€1.7m	€950,099	€565,506	€727,239	€254,195	▼ 65.0%
Contributions10/11	€221,896	€221,896	€221,896	€221,896	€221,896	=
Capital10	-	€221,896	€221,896	€221,896	€221,896	=
Issued capital100	-	€221,896	€221,896	€221,896	€221,896	=
Reserves13	€1.5m	€728,204	€343,611	€505,344	€32,300	▼ 93.6%
Non-distributable reserves130/1	-	€32,300	€32,300	€32,300	€32,300	=
Legal reserve130	-	€32,300	€32,300	€32,300	€32,300	=
Distributable reserves133	-	€695,904	€311,311	€473,044	-	-
Provisions and deferred taxes16	€873,379	€869,740	€980,998	€876,097	€605,273	▼ 30.9%
Provisions for liabilities and charges160/5	-	€869,740	€980,998	€876,097	€605,273	▼ 30.9%
Environmental obligations163	-	€869,740	€980,998	€876,097	€605,273	▼ 30.9%
Amounts payable17/49	€1.6m	€1.3m	€3.5m	€4.1m	€6.6m	▲ 59.3%
Amounts payable within one year42/48	€1.6m	€1.3m	€3.5m	€4.1m	€6.6m	▲ 59.3%
Trade debts44	€558,573	€295,526	€284,655	€3.2m	€3.9m	▲ 20.7%
Suppliers440/4	-	€295,526	€284,655	€3.2m	€3.9m	▲ 20.7%
Other amounts payable47/48	-	€1.0m	€3.2m	€904,929	€2.7m	▲ 197%

Line	2020	2021	2022	2023	2024	Change
Profit (loss) for the period9904	€310,493	€252,044	€615,407	€161,733	€153,968	▼ 4.8%
+ Depreciation and write-downs630	€418,082	€180,522	€676,876	€942,784	€943,215	=
Operating cash flow (approximation)	€728,576	€432,566	€1.3m	€1.1m	€1.1m	▼ 0.7%
Investment in fixed assets (approximation)	-	-€315,552	-€745,783	-€2.0m	-€1.3m	▲ 33.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

17-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

03-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

05-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

01-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

28-05

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

12-05

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

31-12

Financial Back to profitnet €934,710

Net result €934,710 after one loss-making year.

31-12

Financial Equity above €2mEq €2.4m ▲64.3%

Equity rises from €1.5m to €2.4m.

07-05

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

23-04

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

24-04

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

21-04

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 20 acts read

About the unread acts

We know of 20 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

20 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, Sint-Gillis-Waas · 1 establishment unit since 1995

seat establishment The establishment unit on the map

Ground area

9.1 ha

Building footprint

73 m²

Volume, LiDAR

1 m³

Parcel 46020C1447/00A000, Flanders · tallest building 0.7 m. Linked by address, not a title deed.

1 establishment unit

Reepstraat(SGW) 212, 9170 Sint-Gillis-Waas

Sewerage

since 19952.071.089.659

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46020C1447/00A000	Flanders	9.1 ha	1 · 73 m²	0.7 m

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.

Structure & network

Part of the group ACKERMANS & VAN HAAREN 118 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

ACKERMANS & VAN HAAREN 62.12%
DEME GROUP 100%
DREDGING, ENVIRONMENTAL & MARINE ENGINEERING 74.9%
DEME Environmental 100%
EKOSTO

Highest known parent: ACKERMANS & VAN HAAREN. The sources do not say who stands above it.

Owners 1

DEME Environmentalparent

Sourceaccounts DEME Environmental 2025

100%

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Saint-Ghislain · Eq €247,246

BIO STERCO

BE 0892.771.370

Hooglede · Eq €266,359

Of 279 companies in sector 38330 we hold annual accounts for 240. 152 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

Founded20-03-1995

Fiscal year end31-12

Activities, NACEBEL 2025

38330Waste collection, recovery and disposal activities

E-invoicing

Reachable via Peppol

Peppol ID 0208:0454787963

Also 9925:BE0454787963

Registered 21-11-2025

Scores and ratios are computed by Checked and are not a credit decision.