ECO CONSTRUCT ILIE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ECO CONSTRUCT ILIE is 3.9% (moderate). The 2024 annual accounts show equity of €209k and a net result of €102k. Equity is growing by ~123.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 11120 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 16 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	27-08-2025	27 d late	2025-00454293
31-12-2023	31-07-2024	25-06-2024	36 d early	2024-00169325
31-12-2022	31-07-2023	21-06-2023	40 d early	2023-00163059
31-12-2021	31-07-2022	12-07-2022	19 d early	2022-20175325

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

3.9% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€102k+54.5%

Working capital€141k+50.6%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 27-08-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~123.5%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	45.0%	40.9%	better than 55% of 11120 sector peers
Net result	€102k	€11k	better than 95% of 11103 sector peers
Equity	€209k	€34k	better than 95% of 11124 sector peers
Gross operating margin	€359k	€35k	better than 95% of 11092 sector peers
Total assets	€464k	€94k	better than 94% of 11120 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P55

Stable position over 2021-2024 · n=3655-11120

Net result P95

Improving position over 2021-2024 · n=3647-11103

Equity P95

Improving position over 2021-2024 · n=3660-11124

Gross operating margin P95

Improving position over 2021-2024 · n=3647-11092

Describes the position versus peers, not a forecast.

EBITDA

€211k

+140.4% 21-24

Net profit

€102k

+54.5% 21-24

Cash flow

€119k

+71.5% 21-24

Total assets

€464k

+56.8% 21-24

Equity

€209k

+95.4% 21-24

Working capital

€141k

+50.6% 21-24

Income taxes

€93k

+448.7% 21-24

Debt

€255k

+35.0% 21-24

Show 8 other metrics

Debt ≤ 1y

€255k

+35.0% 21-24

Current ratio

1.55

+3.8% 21-24

Quick ratio

1.55

+3.8% 21-24

Solvency

45.0%

+24.6% 21-24

Debt / equity

1.22

-30.9% 21-24

ROE

48.8%

-21.0% 21-24

ROA

22.0%

-1.5% 21-24

Interest coverage

139.29

+131.4% 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€211k
Net profit	€102k
Cash flow	€119k
Staff costs	-
Income taxes	€93k
Dividends	-
Total assets	€464k
Equity	€209k
Debt	€255k
of which ≤ 1y	€255k
of which > 1y	-
Working capital	€141k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.55
Quick ratio	1.55
Working capital ratio	30.4%
Solvency	45.0%
Debt / equity	1.22
Long-term debt ratio	-
Interest coverage	139.29
Gross margin	-
Net margin	-
ROA	22.0%
ROE	48.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €67k · 14.5% Current assets €397k · 85.5%

Equity & liabilities

Equity €209k · 45.0% Debt €255k · 55.0%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€464k
Fixed assets	21/28	€67k
Tangible fixed assets	22/27	€67k
Current assets	29/58	€397k
Amounts receivable within one year	40/41	€328k
Cash & bank	54/58	€69k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€464k
Equity	10/15	€209k
Contributions / capital	10/11	€1k
Accumulated profits (losses)	14	€208k
Amounts payable	17/49	€255k
Amounts payable within one year	42/48	€255k
Trade debts payable within one year	44	€145k
Income statement
Gross operating margin	9900	€359k
Operating result	9901	€194k
Financial income	75	€2k
Financial charges	65	€2k
Result before taxes	9903	€195k
Income taxes	67/77	€93k
Net result for the period	9904	€102k
Result to be appropriated	9905	€102k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

1 director

3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

GIUMALE Ilie
Manager
State Gazette act 26308511 (04-02-2026)

Current
04-02-2026 → present
2 events
- 04-02-2026 Resigned· Director
- 04-02-2026 Appointed· Manager

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Overige gespecialiseerde bouwactiviteiten, neg(43990)
Legal form	Private limited company(610)
Incorporation	27-08-2020
Status	Active
Postal code	1060

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

1 location

ECO CONSTRUCT ILIE

Bouw van autowegen, straten en andere wegen en paden voor voertuigen en voetgangers (inclusief het plaatsen van vangrails)

since 20202.306.691.672

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area379 m²

Buildings2

Building footprint285 m²

Volume (LiDAR)3,574 m³

Tallest building20.4 m · ±6 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)