EURECO
ActiveSummary
EURECO has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.23M and a net result of €36k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 438 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+4
Solvency50=
Growth40=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.05 in 2024; short-term debt: 14% and cash: 0.5% of total assets), and 75.3% of the assets are financed with debt.
Credit check for your own amount and term
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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.7%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
23 d early
2023
33 d early
2022
31 d early
2021
31 d early
2020
33 d early
2019
31 d early
← 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, full schema
Turnover
€509k▼ 4.4%
2020 · €532k
2018: €608khighest in 4 years
2019: €518k▼ -14.8% vs 2018
2020: €532k▲ +2.7% vs 2019
2021: €509k▼ -4.4% vs 2020lowest in 4 years
2018 → 2021
EBIT margin
25.8%▼ 2.6pp
2020 · 28.3%
2018: 38.6%highest in 4 years
2019: 16.6%▼ -57.0% vs 2018lowest in 4 years
2020: 28.3%▲ +70.6% vs 2019
2021: 25.8%▼ -9.0% vs 2020
2018 → 2021
Net result
€36k▲ 147%
2024 · €15k
2018: €204khighest in 8 years
2019: €60k▼ -70.5% vs 2018
2020: €114k▲ +89.6% vs 2019
2021: €105k▼ -8.4% vs 2020
2022: €133k▲ +27.4% vs 2021
2023: €97k▼ -27.1% vs 2022
2024: €15k▼ -85.1% vs 2023lowest in 8 years
2025: €36k▲ +147% vs 2024
2018 → 2025
Working capital
€-590k▲ 34.6%
2024 · €-902k
2018: €230k
2019: €200k▼ -13.0% vs 2018
2020: €278k▲ +38.9% vs 2019highest in 8 years
2021: €71k▼ -74.6% vs 2020
2022: €165k▲ +134% vs 2021
2023: €23k▼ -86.2% vs 2022
2024: €-902k▼ -4066% vs 2023lowest in 8 years
2025: €-590k▲ +34.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€509k-
Equity€326k-€459k▲ 41.0%€1.18M▲ 157%€1.19M▲ 1.2%€1.23M▲ 3.0%
2021: €326klowest in 5 years
2022: €459k▲ +41.0% vs 2021
2023: €1.18M▲ +157% vs 2022
2024: €1.19M▲ +1.2% vs 2023
2025: €1.23M▲ +3.0% vs 2024highest in 5 years
Operating result€131k-€185k▲ 41.4%€150k▼ 19.0%€139k▼ 7.6%€188k▲ 35.5%
2021: €131klowest in 5 years
2022: €185k▲ +41.4% vs 2021
2023: €150k▼ -19.0% vs 2022
2024: €139k▼ -7.6% vs 2023
2025: €188k▲ +35.5% vs 2024highest in 5 years
Net result€105k-€133k▲ 27.4%€97k▼ 27.1%€15k▼ 85.1%€36k▲ 147%
2021: €105k
2022: €133k▲ +27.4% vs 2021highest in 5 years
2023: €97k▼ -27.1% vs 2022
2024: €15k▼ -85.1% vs 2023lowest in 5 years
2025: €36k▲ +147% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.98M
Fixed assets
€4.87M ▲ 1.7%
Current assets
€106k ▲ 115%
Equity and liabilities €4.98M
Equity
€1.23M ▲ 3.0%
Debt
€3.75M ▲ 2.8%
Debt's share of the balance-sheet total stays at 75.3%.
Key figures and ratios
EBITDA
€649k▲
2024 · €506k
Cash flow
€497k▲
2024 · €382k
Current ratio
0.15▲
2024 · 0.05
Debt to equity
3.05▼
2024 · 3.05
ROE
2.9%▲
2024 · 1.2%
ROA
0.7%▲
2024 · 0.3%
Interest coverage
4.45▲
2024 · 4.03
Debt ≤ 1 year
€696k▼
2024 · €951k
Debt > 1 year
€3.05M▲
2024 · €2.69M
Income taxes
€10k▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.84M€4.98M▲
Fixed assets21/28€4.79M€4.87M▲
Tangible fixed assets22/27€4.79M€4.87M▲
Land and buildings22€3.87M€3.79M▼
Plant, machinery and equipment23€722k€924k▲
Furniture and vehicles24€2k€466▼
Leasing and similar rights25€191k€155k▼
Financial fixed assets28€1k€1k=
Current assets29/58€49k€106k▲
Amounts receivable within one year40/41€5k€58k▲
Trade receivables40€2k€2k▲
Other amounts receivable41€3k€56k▲
Cash at bank and in hand54/58€10k€27k▲
Deferred charges and accrued income490/1€35k€21k▼
Equity and liabilities
Total equity and liabilities10/49€4.84M€4.98M▲
Equity10/15€1.19M€1.23M▲
Contributions10/11€145k€145k=
Capital10€145k€145k=
Issued capital100€145k€145k=
Revaluation surpluses12€422k€405k▼
Reserves13€626k€679k▲
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€612k€665k▲
Amounts payable17/49€3.65M€3.75M▲
Amounts payable after more than one year17€2.69M€3.05M▲
Financial debts170/4€2.69M€3.05M▲
Amounts payable within one year42/48€951k€696k▼
Current portion of amounts payable after more than one year42€385k€571k▲
Financial debts43€5k€0▼
Credit institutions430/8€5k€0▼
Trade debts44€279k€94k▼
Suppliers440/4€279k€94k▼
Taxes, remuneration and social security45€24k€31k▲
Taxes450/3€24k€31k▲
Other amounts payable47/48€259k€0▼
Accrued charges and deferred income492/3€893€3k▲
Income statement
Code20242025
Non-recurring operating income76A€33k€20k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€367k€461k▲
Other operating charges640/8€28k€33k▲
Non-recurring operating charges66A-€311
Gross operating margin9900€534k€682k▲
Operating profit (loss)9901€139k€188k▲
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€125k€146k▲
Recurring financial charges65€125k€146k▲
Profit (loss) for the period before taxes9903€15k€46k▲
Income taxes67/77€0€10k▲
Profit (loss) for the period9904€15k€36k▲
Profit (loss) for the period to be appropriated9905€15k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€36k▲
Transfer to equity691/2€15k€36k▲
To other reserves6921€15k€36k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €520k | - | - | - | - | - |
| Turnover70 | €509k | - | - | - | - | - |
| Other operating income74 | €2k | - | - | - | - | - |
| Non-recurring operating income76A | €9k | €27k | €28k | €33k | €20k | ▼ 37.4% |
| Operating charges60/66A | €389k | - | - | - | - | - |
| Services and other goods61 | €121k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €254k | €252k | €250k | €367k | €461k | ▲ 25.6% |
| Other operating charges640/8 | €14k | €12k | €29k | €28k | €33k | ▲ 17.8% |
| Non-recurring operating charges66A | - | - | - | - | €311 | - |
| Gross operating margin9900 | - | €449k | €429k | €534k | €682k | ▲ 27.8% |
| Operating profit (loss)9901 | €131k | €185k | €150k | €139k | €188k | ▲ 35.5% |
| Financial income75/76B | €16k | €6k | €11k | €1k | €4k | ▲ 187% |
| Recurring financial income75 | €16k | €6k | €11k | €1k | €4k | ▲ 187% |
| Income from financial fixed assets750 | €16k | - | - | - | - | - |
| Financial charges65/66B | €7k | €13k | €25k | €125k | €146k | ▲ 16.2% |
| Recurring financial charges65 | €7k | €13k | €25k | €125k | €146k | ▲ 16.2% |
| Debt charges650 | €6k | - | - | - | - | - |
| Other financial charges652/9 | €1k | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €140k | €178k | €135k | €15k | €46k | ▲ 217% |
| Income taxes67/77 | €35k | €45k | €38k | €0 | €10k | - |
| Taxes670/3 | €35k | - | - | - | - | - |
| Profit (loss) for the period9904 | €105k | €133k | €97k | €15k | €36k | ▲ 147% |
| Profit (loss) for the period to be appropriated9905 | €105k | €133k | €97k | €15k | €36k | ▲ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €943k | €1.29M | €3.90M | €4.84M | €4.98M | ▲ 2.9% |
| Fixed assets21/28 | €640k | €827k | €3.33M | €4.79M | €4.87M | ▲ 1.7% |
| Tangible fixed assets22/27 | €639k | €826k | €3.33M | €4.79M | €4.87M | ▲ 1.7% |
| Land and buildings22 | - | - | €2.30M | €3.87M | €3.79M | ▼ 2.1% |
| Plant, machinery and equipment23 | €461k | €748k | €796k | €722k | €924k | ▲ 27.9% |
| Furniture and vehicles24 | €157k | €62k | €10k | €2k | €466 | ▼ 72.3% |
| Leasing and similar rights25 | €21k | €16k | €227k | €191k | €155k | ▼ 18.8% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Affiliated companies280/1 | €1k | - | - | - | - | - |
| Participating interests280 | €1k | - | - | - | - | - |
| Current assets29/58 | €303k | €465k | €563k | €49k | €106k | ▲ 115% |
| Amounts receivable within one year40/41 | €260k | €417k | €530k | €5k | €58k | ▲ 1,140% |
| Trade receivables40 | €10k | €5k | €2k | €2k | €2k | ▲ 44.3% |
| Other amounts receivable41 | €249k | €413k | €528k | €3k | €56k | ▲ 1,757% |
| Cash at bank and in hand54/58 | €26k | €25k | €13k | €10k | €27k | ▲ 173% |
| Deferred charges and accrued income490/1 | €17k | €22k | €21k | €35k | €21k | ▼ 39.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €943k | €1.29M | €3.90M | €4.84M | €4.98M | ▲ 2.9% |
| Equity10/15 | €326k | €459k | €1.18M | €1.19M | €1.23M | ▲ 3.0% |
| Contributions10/11 | €93k | €93k | €145k | €145k | €145k | = |
| Capital10 | €93k | €93k | €145k | €145k | €145k | = |
| Issued capital100 | €93k | €93k | €145k | €145k | €145k | = |
| Revaluation surpluses12 | - | - | €439k | €422k | €405k | ▼ 4.0% |
| Reserves13 | €233k | €366k | €595k | €626k | €679k | ▲ 8.4% |
| Non-distributable reserves130/1 | €9k | €9k | €15k | €15k | €15k | = |
| Legal reserve130 | €9k | €9k | €15k | €15k | €15k | = |
| Distributable reserves133 | €223k | €357k | €580k | €612k | €665k | ▲ 8.6% |
| Amounts payable17/49 | €617k | €832k | €2.72M | €3.65M | €3.75M | ▲ 2.8% |
| Amounts payable after more than one year17 | €384k | €532k | €2.18M | €2.69M | €3.05M | ▲ 13.3% |
| Financial debts170/4 | €384k | €532k | €2.18M | €2.69M | €3.05M | ▲ 13.3% |
| Leasing and similar obligations172 | €16k | - | - | - | - | - |
| Credit institutions173 | €368k | - | - | - | - | - |
| Amounts payable within one year42/48 | €232k | €300k | €540k | €951k | €696k | ▼ 26.8% |
| Current portion of amounts payable after more than one year42 | €220k | €229k | €243k | €385k | €571k | ▲ 48.4% |
| Financial debts43 | €5k | €7k | €12k | €5k | €0 | ▼ 100% |
| Credit institutions430/8 | €5k | €7k | €12k | €5k | €0 | ▼ 100% |
| Trade debts44 | €7k | €41k | €282k | €279k | €94k | ▼ 66.2% |
| Suppliers440/4 | €7k | €41k | €282k | €279k | €94k | ▼ 66.2% |
| Taxes, remuneration and social security45 | - | €22k | €3k | €24k | €31k | ▲ 32.5% |
| Taxes450/3 | - | €22k | €3k | €24k | €31k | ▲ 32.5% |
| Other amounts payable47/48 | €168 | €172 | €0 | €259k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €311 | €311 | €687 | €893 | €3k | ▲ 184% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105k | €133k | €97k | €15k | €36k | ▲ 147% |
| + Depreciation and write-downs630 | €254k | €252k | €250k | €367k | €461k | ▲ 25.6% |
| Operating cash flow (approximation) | €359k | €386k | €347k | €382k | €497k | ▲ 30.2% |
| Investment in fixed assets (approximation) | - | €-439k | €-2.76M | €-1.82M | €-544k | ▲ 70.2% |
| Change in cash | - | €-579 | €-13k | €-3k | €17k | ▲ 743% |
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
Next filing, fiscal year 2026, expected by
2026
12-08
State Gazette act
Appointment: Callens, Vandelanotte & Theunissen BV (statutory auditor)Permanent representative: Marc Maris3 facts ▸
State Gazette act
Appointment: Callens, Vandelanotte & Theunissen BV (statutory auditor)
Permanent representative: Marc Maris3 facts ▸
- General meeting, 30/06/2026
- Auditor appointment, Callens, Vandelanotte & Theunissen BV (statutory auditor)
- Permanent representative, Marc Maris
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €15k ▼85.1%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.18M ▲157%
6 profitable years in a row build equity to €1.18M.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €500kEq €521k ▲28.1%
3 profitable years in a row build equity to €521k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Pelt · 1 establishment unit since 1984
Ground area
1.4 ha
Building footprint
3,803 m²
Parcel 72502E0102/00E092, Flanders. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Stuifzandstraat 36, 3900 Pelt
since 19842.024.752.363
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00E092 | Flanders | 1.4 ha | 1 · 3,803 m² | - |
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.
Statutory auditor
1 auditor| Callens, Vandelanotte & TheunissenCurrent Statutory auditor · represented by Marc Maris | 12-08-2026 → present |
Structure & network
Acquisitions and mergers
1 transactionReceived in a demerger part of:Algemene Onderneming Driesen NV
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Of 233 companies in sector 77221 we hold annual accounts for 125. 71 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
Founded25-05-1984
Fiscal year end31-12
Activities, NACEBEL 2025
77221Rental and leasing activities
68203Renting and operating of own or leased non-residential real estate, excluding land
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.