ECMD
InactiveECMD was declared bankrupt on 06-08-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 27-05-2025, published in the Belgian State Gazette on 03-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-07-2023, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
on the day
2021
46 d early
2020
45 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 30 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
-€1,906▼ 168%
2021 · -€710
Total assets
€912▼ 6.9%
2021 · €980
Net result
-€1,195▲ 62.7%
2021 · -€3,200
Working capital
-€1,869▼ 172%
2021 · -€686
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€21,498-€5,273€9,410▲ 78.5%-€2,814-€720▲ 74.4%
Net result-€23,156-€3,952€8,638▲ 119%-€3,200-€1,195▲ 62.7%
Equity-€10,101--€6,149▲ 39.1%€2,490-€710-€1,906▼ 168%
Total assets€16,300-€16,494▲ 1.2%€7,698▼ 53.3%€980▼ 87.3%€912▼ 6.9%
Debt€26,401-€22,643▼ 14.2%€5,209▼ 77.0%€1,690▼ 67.6%€2,817▲ 66.7%
Working capital-€10,641--€6,834▲ 35.8%€2,074-€686-€1,869▼ 172%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €720 in 2022 against €2,814 in 2021; the loss shrinks.
Key figures and ratios
Debt ≤ 1 year
€2,781▲
2021 · €1,666
Ratios withheld: a balance sheet total of €912 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,051 | €784 | €232 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €387 | €413 | ▲ 6.7% |
| Non-recurring operating charges66A | - | - | - | €465 | - | - |
| Gross operating margin9900 | €42,943 | €19,535 | €10,525 | -€1,963 | -€307 | ▲ 84.4% |
| Operating profit (loss)9901 | -€21,498 | €5,273 | €9,410 | -€2,814 | -€720 | ▲ 74.4% |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €386 | €475 | ▲ 23.1% |
| Recurring financial charges65 | €1,658 | €1,321 | €772 | €386 | €475 | ▲ 23.1% |
| Profit (loss) for the period before taxes9903 | -€23,156 | €3,952 | €8,638 | -€3,200 | -€1,195 | ▲ 62.7% |
| Income taxes67/77 | €0 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | -€23,156 | €3,952 | €8,638 | -€3,200 | -€1,195 | ▲ 62.7% |
| Profit (loss) for the period to be appropriated9905 | -€23,156 | €3,952 | €8,638 | -€3,200 | -€1,195 | ▲ 62.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,300 | €16,494 | €7,698 | €980 | €912 | ▼ 6.9% |
| Formation expenses20 | €0 | €0 | - | - | - | - |
| Fixed assets21/28 | €551 | €697 | €465 | €0 | €0 | - |
| Tangible fixed assets22/27 | €551 | €697 | €465 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €0 | €0 | - |
| Current assets29/58 | €15,749 | €15,798 | €7,234 | €980 | €912 | ▼ 6.9% |
| Amounts receivable within one year40/41 | €15,710 | €15,692 | €731 | €859 | €912 | ▲ 6.1% |
| Trade receivables40 | - | - | - | €0 | - | - |
| Other amounts receivable41 | - | - | - | €859 | €912 | ▲ 6.1% |
| Cash at bank and in hand54/58 | €0 | - | €6,422 | €0 | €0 | - |
| Deferred charges and accrued income490/1 | - | - | - | €121 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,300 | €16,494 | €7,698 | €980 | €912 | ▼ 6.9% |
| Equity10/15 | -€10,101 | -€6,149 | €2,490 | -€710 | -€1,906 | ▼ 168% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€30,561 | -€26,609 | -€17,970 | -€21,170 | -€22,366 | ▼ 5.6% |
| Amounts payable17/49 | €26,401 | €22,643 | €5,209 | €1,690 | €2,817 | ▲ 66.7% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €26,390 | €22,632 | €5,159 | €1,666 | €2,781 | ▲ 66.9% |
| Financial debts43 | - | - | - | €469 | €846 | ▲ 80.1% |
| Credit institutions430/8 | - | - | - | €469 | €846 | ▲ 80.1% |
| Trade debts44 | €3,155 | €1,875 | €5,159 | €1,196 | €1,903 | ▲ 59.1% |
| Suppliers440/4 | - | - | - | €1,196 | €1,903 | ▲ 59.1% |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - |
| Taxes450/3 | - | - | - | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €0 | €32 | - |
| Accrued charges and deferred income492/3 | - | - | - | €24 | €37 | ▲ 50.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,156 | €3,952 | €8,638 | -€3,200 | -€1,195 | ▲ 62.7% |
| + Depreciation and write-downs630 | €1,051 | €784 | €232 | €0 | - | - |
| Operating cash flow (approximation) | -€22,105 | €4,736 | €8,871 | -€3,200 | -€1,195 | ▲ 62.7% |
| Investment in fixed assets (approximation) | - | -€929 | €0 | €465 | €0 | ▼ 100% |
| Change in cash | - | - | - | -€6,422 | €0 | ▲ 100% |
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
2025
03-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 27-05-2025
2024
13-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 06-08-2024
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €8,638 ▲119%
Operating result €9,410, net result €8,638, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.40
Current ratio from 0.70 to 1.40; short-term debt falls from €22,632 to €5,159.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3,952
Net result €3,952 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Show earlier events
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 26 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIEVE TEINTENIER SYLVAIN DUPUISLAAN 217,
1070 BRUSSEL 7 |
06-08-2024 → 27-05-2025 |