EQCOLOGIC
ActiveSummary
EQCOLOGIC has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.4m and a net result of €279,212. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 95% of 737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
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Signals
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
History
EQCOLOGIC was incorporated on 1 July 2005 by four natural persons, with a starting capital of EUR 18,600.12 The registered office moved to Brussel in 2006, to Etterbeek in 2012 and to Auderghem in 2015.345 Between 2010 and 2013 the capital was increased 2 times, most recently to EUR 4 million.67 The board currently has 2 members; Sharif Nawaz has served longest, since 2013.8 Total assets rose from EUR 4.3 million in 2019 to EUR 4.8 million in 2025 and headcount from 5.7 to 6.5 full-time equivalents.9
- 1Crossroads Bank for Enterprises
- 2Belgian State Gazette, 11-07-2005
- 3Belgian State Gazette, 08-05-2006
- 4Belgian State Gazette, 05-03-2012
- 5Belgian State Gazette, 26-05-2015
- 6Belgian State Gazette, 16-12-2010
- 7Belgian State Gazette, 09-12-2013
- 8Belgian State Gazette, 03-02-2022
- 9National Bank, annual accounts 2019 and 2025
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,370 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,254 | €74,491 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €891,732 | €979,345 | €1.0m | €832,187 | ▼ 17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,168 | €34,529 | €33,979 | €119,136 | €200,920 | ▲ 68.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€187,851 | €78,207 | €10,316 | -€138,513 | ▼ 1,443% |
| Other operating charges640/8 | - | €12,512 | €22,831 | €12,740 | €968 | ▼ 92.4% |
| Non-recurring operating charges66A | - | €10,094 | €0 | - | €556 | - |
| Gross operating margin9900 | €890,252 | €1.1m | €1.2m | €1.4m | €1.2m | ▼ 11.4% |
| Operating profit (loss)9901 | -€134,299 | €386,609 | €67,478 | €234,033 | €330,776 | ▲ 41.3% |
| Financial income75/76B | - | €73,327 | €117,307 | €42,587 | €36,424 | ▼ 14.5% |
| Recurring financial income75 | €103,897 | €73,327 | €117,307 | €42,587 | €36,424 | ▼ 14.5% |
| Financial charges65/66B | - | €134,117 | €144,326 | €129,720 | €87,563 | ▼ 32.5% |
| Recurring financial charges65 | €95,216 | €134,117 | €144,326 | €129,720 | €87,563 | ▼ 32.5% |
| Profit (loss) for the period before taxes9903 | -€125,617 | €325,818 | €40,459 | €146,900 | €279,636 | ▲ 90.4% |
| Income taxes67/77 | €33,284 | €1,041 | €3,886 | €1,827 | €424 | ▼ 76.8% |
| Profit (loss) for the period9904 | -€158,901 | €324,777 | €36,574 | €145,073 | €279,212 | ▲ 92.5% |
| Profit (loss) for the period to be appropriated9905 | -€158,901 | €324,777 | €36,574 | €145,073 | €279,212 | ▲ 92.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €4.4m | €4.4m | €4.6m | €4.8m | ▲ 3.8% |
| Fixed assets21/28 | €159,576 | €127,503 | €93,524 | €815,717 | €638,934 | ▼ 21.7% |
| Tangible fixed assets22/27 | €159,176 | €127,103 | €93,124 | €815,317 | €638,534 | ▼ 21.7% |
| Plant, machinery and equipment23 | - | €69,813 | €55,850 | €797,023 | €638,016 | ▼ 20.0% |
| Furniture and vehicles24 | - | €1,699 | €880 | €1,098 | €519 | ▼ 52.8% |
| Other tangible fixed assets26 | - | €55,592 | €36,394 | €17,196 | €0 | ▼ 100% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €4.1m | €4.3m | €4.4m | €3.8m | €4.2m | ▲ 9.2% |
| Amounts receivable within one year40/41 | €2.0m | €2.4m | €2.3m | €1.9m | €2.1m | ▲ 15.0% |
| Trade receivables40 | - | €63,103 | €42,121 | €38,804 | €6,990 | ▼ 82.0% |
| Other amounts receivable41 | - | €2.3m | €2.3m | €1.8m | €2.1m | ▲ 17.0% |
| Cash at bank and in hand54/58 | €2.0m | €1.9m | €2.0m | €1.9m | €2.0m | ▲ 4.4% |
| Deferred charges and accrued income490/1 | - | €25,860 | €24,219 | €15,978 | €4,422 | ▼ 72.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €4.4m | €4.4m | €4.6m | €4.8m | ▲ 3.8% |
| Equity10/15 | €3.6m | €4.0m | €4.0m | €4.2m | €4.4m | ▲ 6.7% |
| Contributions10/11 | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Capital10 | - | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Issued capital100 | - | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Outside capital11 | - | €22,534 | €22,534 | €22,534 | €22,534 | = |
| Share premium1100/10 | - | €22,534 | €22,534 | €22,534 | €22,534 | = |
| Reserves13 | €4,213 | €4,213 | €6,042 | €13,295 | €27,256 | ▲ 105% |
| Non-distributable reserves130/1 | - | €4,213 | €6,042 | €13,295 | €27,256 | ▲ 105% |
| Legal reserve130 | - | €4,213 | €6,042 | €13,295 | €27,256 | ▲ 105% |
| Profit (loss) carried forward14 | -€337,480 | -€12,703 | €22,042 | €159,862 | €425,114 | ▲ 166% |
| Provisions and deferred taxes16 | €338,050 | €150,198 | €228,405 | €238,721 | €100,208 | ▼ 58.0% |
| Provisions for liabilities and charges160/5 | - | €150,198 | €228,405 | €238,721 | €100,208 | ▼ 58.0% |
| Other liabilities and charges164/5 | - | €150,198 | €228,405 | €238,721 | €100,208 | ▼ 58.0% |
| Amounts payable17/49 | €277,006 | €280,322 | €209,837 | €245,757 | €280,679 | ▲ 14.2% |
| Amounts payable within one year42/48 | €267,040 | €271,057 | €209,367 | €245,455 | €231,334 | ▼ 5.8% |
| Trade debts44 | €93,073 | €41,122 | €47,493 | €69,488 | €47,015 | ▼ 32.3% |
| Suppliers440/4 | - | €41,122 | €47,493 | €69,488 | €47,015 | ▼ 32.3% |
| Taxes, remuneration and social security45 | - | €182,127 | €150,816 | €157,543 | €173,109 | ▲ 9.9% |
| Taxes450/3 | - | €22,712 | €8,579 | €9,112 | €9,235 | ▲ 1.4% |
| Remuneration and social security454/9 | - | €159,415 | €142,236 | €148,431 | €163,874 | ▲ 10.4% |
| Other amounts payable47/48 | - | €47,808 | €11,058 | €18,424 | €11,210 | ▼ 39.2% |
| Accrued charges and deferred income492/3 | - | €9,265 | €471 | €302 | €49,345 | ▲ 16,239% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€158,901 | €324,777 | €36,574 | €145,073 | €279,212 | ▲ 92.5% |
| + Depreciation and write-downs630 | €40,168 | €34,529 | €33,979 | €119,136 | €200,920 | ▲ 68.6% |
| Operating cash flow (approximation) | -€118,733 | €359,306 | €70,553 | €264,209 | €480,132 | ▲ 81.7% |
| Investment in fixed assets (approximation) | - | -€2,456 | €0 | -€841,329 | -€24,138 | ▲ 97.1% |
| Change in cash | - | -€131,784 | €107,081 | -€53,745 | €85,086 | ▲ 258% |
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
09-03
State Gazette act
Reappointment: Ernst & Young Réviseurs d'Entreprises SRL (statutory auditor)Permanent representative: Wuyts Daniel3 facts ▸
- General meeting, 30-10-2025
- Auditor reappointment, Ernst & Young Réviseurs d'Entreprises SRL (statutory auditor)
- Permanent representative, Wuyts Daniel
12-01
State Gazette act
Purpose · Statutes amendment · MiscellaneousPurpose change · Capital · Power of attorney7 facts ▸
- General meeting, 29-12-2023
- Purpose change, L'assemblée décide de modifier, d'étendre et de reformuler l'objet de la société avec des activités concernant notamment la gestion d’un patrimoine mobilier et…
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Capital, €3.957.839,16
- Power of attorney, Deloitte Accountancy
17-03
State Gazette act
Reappointment: Ernst & Young Bedrijfsrevisoren SRL (statutory auditor)2 facts ▸
- General meeting, 17-11-2022
- Auditor reappointment, Ernst & Young Bedrijfsrevisoren SRL (statutory auditor)
03-02
State Gazette act
Reappointments: Sharif Nawaz (director) and Bjornholt James (director)Mandate compensation8 facts ▸
- General meeting, 16-11-2021
- Director reappointment, Sharif Nawaz (director)
- Director reappointment, Bjornholt James (director)
- Mandate compensation, Sharif Nawaz
- Mandate compensation, Bjornholt James
- Board meeting, 16-11-2021
- Director reappointment, Sharif Nawaz (managing director)
- Director reappointment, Sharif Nawaz (chair of the board)
12-11
State Gazette act
Resignation: Termer Danny (director)2 facts ▸
- General meeting, 19-10-2018
- Director resignation, Termer Danny (director)
Show earlier events
12-11
State Gazette act
Reappointment: Ernst et Young Réviseurs d'Entreprises SCRL (statutory auditor)2 facts ▸
- General meeting, 05-11-2019
- Auditor reappointment, Ernst et Young Réviseurs d'Entreprises SCRL (statutory auditor)
31-10
State Gazette act
Reappointments: Nawaz Sharif, Danny Termer and James BjornholtMandate compensation10 facts ▸
- General meeting, 02/05/2016
- Director reappointment, Nawaz Sharif (director)
- Director reappointment, Danny Termer (director)
- Director reappointment, James Bjornholt (director)
- Mandate compensation, Nawaz Sharif
- Mandate compensation, Danny Termer
- Mandate compensation, James Bjornholt
- Board meeting, 02/05/2016
- Director reappointment, Nawaz Sharif (managing director)
- Director reappointment, Nawaz Sharif (chair of the board)
26-05
State Gazette act
Registered officeRegistered-office move · Power of attorney · Establishment unit transfer5 facts ▸
- Board meeting, 04-05-2015
- Registered-office move, 1160 Auderghem, Chaussée de Wavre 1100
- Power of attorney, Marie Evrard
- Power of attorney, Corpoconsult SPRL
- Establishment unit transfer, 1160 Auderghem, Chaussée de Wavre 1100
08-12
State Gazette act
Reappointment: EQCOLOGIC (director)Appointment: Ernst et Young Reviseurs d'Entreprises (statutory auditor) · Permanent representative: Danny WUYTS · Power of attorney6 facts ▸
- General meeting, 27-10-2014
- Director reappointment, EQCOLOGIC (director)
- Auditor appointment, Ernst et Young Reviseurs d'Entreprises (statutory auditor)
- Permanent representative, Danny WUYTS
- Power of attorney, Marie EVRARD
- Power of attorney, CORPOCONSULT SPRL
12-02
State Gazette act
Appointment: Deloitte Reviseurs d'Entreprises (statutory auditor)Permanent representative: Kirstin Tang · Statutes amendment · Capital11 facts ▸
- General meeting, 20-12-2013
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Capital, €3.957.839,16
- Auditor appointment, Deloitte Reviseurs d'Entreprises (statutory auditor)
- Permanent representative, Kirstin Tang
- Statutes amendment
- Statutes amendment
31-12
State Gazette act
Resignations: Eric THOMAS, TEC-CREATE BVBA and 5 othersAppointments: James Eric BJORNHOLT, Danny Louis TERMER and Nawaz SHARIF · Mandate compensation · Power of attorney25 facts ▸
- General meeting, 21-11-2013
- Director resignation, Eric THOMAS (director)
- Director resignation, TEC-CREATE BVBA (director)
- Director resignation, Maarten KUIJK (director)
- Director resignation, Roger VOUNCKX (director)
- Director resignation, Jan CORNELIS (director)
- Director resignation, Alex VAN DEN BOSSCHE (director)
- Director resignation, BMF Particiption NV (director)
- Director resignation, TEC-CREATE BVBA (managing director)
- Director resignation, Maarten KUIJK (managing director)
- Director resignation, Roger VOUNCKX (managing director)
- Director appointment, James Eric BJORNHOLT (director)
- +13 further facts in this act
09-12
State Gazette act
Capital & shares · Statutes amendmentShare issue · Capital increase · Bank account7 facts ▸
- General meeting, 06-05-2009
- Board meeting, 06-11-2013
- Share issue, 110684, Executive Warrants 2009
- Capital increase, €150.133,2
- Bank account, ING, BE57 3631 2743 8135
- Statutes amendment
- Capital, €3.957.839,16
06-08
State Gazette act
Appointments: Tec-Create BVBA, Maarten Kuijk and 6 othersPermanent representatives: Peter Helfet and Nicolas Boël · Mandate compensation22 facts ▸
- General meeting, 11-06-2013
- Board meeting, 11-06-2013
- Director appointment, Tec-Create BVBA (director)
- Permanent representative, Peter Helfet
- Director appointment, Maarten Kuijk (director)
- Director appointment, Roger Vounckx (director)
- Director appointment, Eric Thomas (director)
- Director appointment, Jan Cornelis (director)
- Director appointment, Alex Van den Bossche (director)
- Director appointment, BMF Participation NV (director)
- Permanent representative, Nicolas Boël
- Director appointment, Nawaz Sharif (director)
- +10 further facts in this act
21-11
State Gazette act
MiscellaneousConvertible loan issue2 facts ▸
- General meeting, buitengewone algemene vergadering, 2012-10-25
- Convertible loan issue, converteerbare achterstallige lening
05-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
- Board meeting, 21-11-2011
- Registered-office move, 1040 Etterbeek, Witte Patersstraat 4
03-02
State Gazette act
Reappointments: Eric Thomas, Tec-Create and 6 othersPermanent representatives: Peter Helfet and Nicolas Boël · Mandate compensation22 facts ▸
- General meeting, 14-06-2011
- Director reappointment, Eric Thomas (director)
- Director reappointment, Tec-Create (director)
- Permanent representative, Peter Helfet
- Director reappointment, Maarten Kuijk (director)
- Director reappointment, BMF Participation NV (director)
- Permanent representative, Nicolas Boël
- Director reappointment, Alex Van den Bossche (director)
- Director reappointment, Jan Cornelis (director)
- Director reappointment, Roger Vounckx (director)
- Director reappointment, Christian Thiel (director)
- Mandate compensation, Eric Thomas
- +10 further facts in this act
16-12
State Gazette act
Appointments: Christian THIEL, Maarten KUIJK and 3 othersReappointments: TEC-CREATE, Maarten KUIJK and 5 others · Capital increase · Statutes amendment18 facts ▸
- General meeting, 23-11-2010
- Capital increase, €650.000
- Capital increase, €1.488.344
- Statutes amendment
- Director appointment, Christian THIEL (director)
- Director reappointment, TEC-CREATE (director)
- Director reappointment, Maarten KUIJK (director)
- Director reappointment, Roger VOUNCKX (director)
- Director reappointment, BMF Participation (director)
- Director reappointment, Alex VAN den BOSSCHE (director)
- Director reappointment, Eric THOMAS (director)
- Director reappointment, Jan CORNELIS (independent director)
- +6 further facts in this act
08-05
State Gazette act
Resignation: Peter Helfet (director)Appointment: TEC-CREATE (director) · Permanent representative: Peter Helfet · Registered-office move7 facts ▸
- General meeting, 01-02-2006
- Director resignation, Peter Helfet (director)
- Director appointment, TEC-CREATE (director)
- Permanent representative, Peter Helfet
- Board meeting, 01-01-2009
- Director appointment, TEC-CREATE (afgevaardigd bestuurder (chief executive officer))
- Registered-office move, Jozef Vandersmissenlaan 17A, 1040 Brussel
19-12
State Gazette act
Appointments: Eric Thomas (voorzitter van de raad) and Peter Helfet (chief executive officer)Power of attorney11 facts ▸
- Board meeting, 15-09-2005
- Director appointment, Eric Thomas (voorzitter van de raad)
- Director appointment, Peter Helfet (chief executive officer (ceo))
- Power of attorney, Peter Helfet
- Power of attorney, Maarten Kuijk
- Power of attorney, Roger Vounckx
- Power of attorney, Johan Stiens
- Power of attorney, EQCOLOGIC
- Power of attorney, Peter Helfet
- Power of attorney, Maarten Kuijk
- Power of attorney, Roger Vounckx
11-07
State Gazette act
IncorporationAppointments: Peter HELFET, Maarten KUIJK and Roger VOUNCKX · Founding capital · Mandate compensation9 facts ▸
- Incorporation, 28-06-2005
- Founding capital, €18.600
- Director appointment, Peter HELFET (director)
- Director appointment, Maarten KUIJK (director)
- Director appointment, Roger VOUNCKX (director)
- Mandate compensation, Peter HELFET
- Mandate compensation, Maarten KUIJK
- Mandate compensation, Roger VOUNCKX
- Power of attorney, Outcome
Directors · office · real estate
Board 2
6 not recently confirmed
Day-to-day management 1
2 not recently confirmed
Permanent representatives 2
Statutory auditor 1
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21002A0169/00V005 | Brussels | 7,708 m² | 1 · 749 m² | 20.4 m · 6 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Sharif Nawaz |
|
| James Eric BJORNHOLT |
|
| Ernst et Young Reviseurs d'Entreprises |
|
| TEC-CREATE |
|
| Christian THIEL |
|
| BMF Participation |
|
| BMF Participation NV |
|
| Tec-Create BVBA |
|
| Danny Louis TERMER |
|
| Termer Danny |
|
| Deloitte Réviseurs d'Entreprises |
|
| Alex VAN DEN BOSSCHE |
|
| BMF PARTICIPATION |
|
| Eric THOMAS |
|
| Jan Cornelis |
|
| Maarten KUIJK |
|
| Roger VOUNCKX |
|
| Peter HELFET |
|
Articles of association
Full purpose
Dans le domaine des technologies de l'information, y compris mais sans s'y limiter, l'électronique, l'optoélectronique, le photonique: le développement, la conception, la réalisation, la fabrication, la production, les essais, la distribution et la vente de circuits intégrés (puces), composants et systèmes. La société peut accomplir toutes opérations commerciales, industrielles, financières, mobilières et immobilières se rapportant directement ou indirectement à son objet social ou qui seraient, totalement ou partiellement, de nature à en faciliter sa réalisation. La société peut, en tant que directeur, liquidateur ou autre, diriger, contrôler et foumir des avis à ses sociétés partenaires ou ses filiales. La société peut, par le biais d'un apport en numéraire ou en nature, d'une fusion, d'une souscription, d'une participation, d'une intervention financière ou par tout autre moyen, détenir des participations dans toute autre société ou entreprise actuelle ou future, en Belgique ou à l'étranger, dont l'objet social est lié ou est analogue au sien ou qui seraient de nature à en faciliter la réalisation
Structure & network
Connections & network
6 connected companiesShow 2 more companies with a shared director
Capital and shareholders
- Maarten KUIJK 270,000 shares (33.8%)
- Peter HELFET 270,000 shares (33.8%)
- Johan STIENS 70,000 shares (8.8%)
- Roger VOUNCKX 190,000 shares (23.8%)
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 12-01-2024 Capital stated in 2 acts · 3,957,839.16 EUR · 2,917,872 shares
- 09-12-2013 Capital increase of 150,133.20 EUR · to 3,957,839.16 EUR · 110,684 new shares
- 16-12-2010 Capital increase of 650,000 EUR · to 2,319,361.96 EUR · 786,156 new shares
- 16-12-2010 Capital increase of 1,488,344 EUR · to 3,807,705.96 EUR · no new shares · from reserves
- 11-07-2005 Incorporation · 18,600 EUR · 800,000 shares
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.