ECODEPOL

Active

Private limited companyfounded 20233 yrs activeRue de Petit-Warêt 170, 5300 Andenne, BelgiumKBO/BCE: BE 0795.923.701

Summary

The computed 12-month bankruptcy probability of ECODEPOL is 1.9% (moderate). The 2025 annual accounts show equity of €406k and a net result of €62k. Equity is growing by ~49% per year across the filed fiscal years. Its solvency ranks better than 41% of 30 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

ECODEPOLActiveChecked score 58/100

Risk analysis Report Compare

Checked score

Score 2025

58 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability74▼-26

Solvency54▼-10

Growth52▼-26

Track record94

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €23k at 30 days acceptable

Liquidity ample (current ratio 1.5 against 1.8 in 2024; short-term debt: 25.7% and cash: 8.4% of total assets), but 71.5% 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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 39

Relative position

BE, all sectors

reference

Remediation activities and other waste management service activities (NACE 39)

about 46% more bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

28.5%

Return on assets

4.3%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

25 d early

2024

3 d early

2023

20 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€62k▼ 77.5%

2024 · €275k

2023: €67k 2024: €275k▲ +313% vs 2023highest in 3 years 2025: €62k▼ -77.5% vs 2024lowest in 3 years

2023 → 2025

Working capital

€184k▼ 20.9%

2024 · €232k

2023: €9klowest in 3 years 2024: €232k▲ +2572% vs 2023highest in 3 years 2025: €184k▼ -20.9% vs 2024

2023 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€69k-€344k▲ 401%€406k▲ 18.0% 2023: €69klowest in 3 years 2024: €344k▲ +401% vs 2023 2025: €406k▲ +18.0% vs 2024highest in 3 years

Operating result€91k-€371k▲ 306%€106k▼ 71.6% 2023: €91klowest in 3 years 2024: €371k▲ +306% vs 2023highest in 3 years 2025: €106k▼ -71.6% vs 2024

Net result€67k-€275k▲ 313%€62k▼ 77.5% 2023: €67k 2024: €275k▲ +313% vs 2023highest in 3 years 2025: €62k▼ -77.5% vs 2024lowest in 3 years

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 72% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.42M

61.4%

38.6%

Fixed assets €874k ▲ 145%

Current assets €549k ▲ 5.0%

Equity and liabilities €1.42M

28.5%

71.5%

Equity €406k ▲ 18.0%

Debt €1.02M ▲ 89.9%

Debt's share of the balance-sheet total rises from 60.9% to 71.5%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€195k▼

2024 · €415k

Cash flow

€151k▼

2024 · €319k

Current ratio

1.50▼

2024 · 1.80

Quick ratio

1.47▼

2024 · 1.74

Debt to equity

2.51▲

2024 · 1.56

ROE

15.3%▼

2024 · 80.0%

ROA

4.3%▼

2024 · 31.3%

Interest coverage

11.95▼

2024 · 62.73

Debt ≤ 1 year

€366k▲

2024 · €291k

Debt > 1 year

€652k▲

2024 · €245k

Income taxes

€28k▼

2024 · €90k

Staff costs

€496k▲

2024 · €223k

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

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines

Balance sheet Code20242025

Assets

Total assets20/58€880k€1.42M▲

Fixed assets21/28€357k€874k▲

Tangible fixed assets22/27€357k€874k▲

Land and buildings22-€515k

Furniture and vehicles24€357k€359k▲

Financial fixed assets28€205€205=

Current assets29/58€523k€549k▲

Stocks and contracts in progress3€16k€13k▼

Stocks30/36€1k€6k▲

Contracts in progress37€14k€7k▼

Amounts receivable within one year40/41€431k€411k▼

Trade receivables40€406k€410k▲

Other amounts receivable41€25k€761▼

Cash at bank and in hand54/58€75k€119k▲

Deferred charges and accrued income490/1€2k€6k▲

Equity and liabilities

Total equity and liabilities10/49€880k€1.42M▲

Equity10/15€344k€406k▲

Contributions10/11€2k€2k=

Reserves13€342k€404k▲

Distributable reserves133€342k€404k▲

Amounts payable17/49€536k€1.02M▲

Amounts payable after more than one year17€245k€652k▲

Financial debts170/4€245k€652k▲

Amounts payable within one year42/48€291k€366k▲

Current portion of amounts payable after more than one year42€62k€92k▲

Trade debts44€102k€74k▼

Suppliers440/4€102k€74k▼

Taxes, remuneration and social security45€91k€175k▲

Taxes450/3€71k€98k▲

Remuneration and social security454/9€20k€77k▲

Other amounts payable47/48€36k€24k▼

Income statement Code20242025

Remuneration, social security and pensions62€223k€496k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€89k▲

Other operating charges640/8€5k€9k▲

Non-recurring operating charges66A€7k€21k▲

Gross operating margin9900€650k€721k▲

Operating profit (loss)9901€371k€106k▼

Financial income75/76B€242€872▲

Recurring financial income75€242€872▲

Financial charges65/66B€7k€16k▲

Recurring financial charges65€7k€16k▲

Profit (loss) for the period before taxes9903€365k€90k▼

Income taxes67/77€90k€28k▼

Profit (loss) for the period9904€275k€62k▼

Profit (loss) for the period to be appropriated9905€275k€62k▼

Appropriation of the result

Profit (loss) to be appropriated9906€275k€62k▼

Transfer to equity691/2€275k€62k▼

To other reserves6921€275k€62k▼

Social balance

Average headcount (FTE)90873.56.9▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2023	2024	2025	Change
Remuneration, social security and pensions62	€35k	€223k	€496k	▲ 122%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€17k	€44k	€89k	▲ 105%
Other operating charges640/8	€2k	€5k	€9k	▲ 102%
Non-recurring operating charges66A	-	€7k	€21k	▲ 198%
Gross operating margin9900	€146k	€650k	€721k	▲ 11.0%
Operating profit (loss)9901	€91k	€371k	€106k	▼ 71.6%
Financial income75/76B	€217	€242	€872	▲ 260%
Recurring financial income75	€217	€242	€872	▲ 260%
Financial charges65/66B	€3k	€7k	€16k	▲ 147%
Recurring financial charges65	€3k	€7k	€16k	▲ 147%
Profit (loss) for the period before taxes9903	€89k	€365k	€90k	▼ 75.3%
Income taxes67/77	€22k	€90k	€28k	▼ 68.5%
Profit (loss) for the period9904	€67k	€275k	€62k	▼ 77.5%
Profit (loss) for the period to be appropriated9905	€67k	€275k	€62k	▼ 77.5%

Line	2023	2024	2025	Change
Assets
Total assets20/58	€265k	€880k	€1.42M	▲ 61.8%
Fixed assets21/28	€126k	€357k	€874k	▲ 145%
Tangible fixed assets22/27	€126k	€357k	€874k	▲ 145%
Land and buildings22	-	-	€515k	-
Furniture and vehicles24	€126k	€357k	€359k	▲ 0.6%
Financial fixed assets28	€205	€205	€205	=
Current assets29/58	€138k	€523k	€549k	▲ 5.0%
Stocks and contracts in progress3	€22k	€16k	€13k	▼ 15.5%
Stocks30/36	€2k	€1k	€6k	▲ 323%
Contracts in progress37	€20k	€14k	€7k	▼ 48.0%
Amounts receivable within one year40/41	€87k	€431k	€411k	▼ 4.5%
Trade receivables40	€87k	€406k	€410k	▲ 1.1%
Other amounts receivable41	-	€25k	€761	▼ 96.9%
Cash at bank and in hand54/58	€29k	€75k	€119k	▲ 59.3%
Deferred charges and accrued income490/1	€368	€2k	€6k	▲ 222%
Equity and liabilities
Total equity and liabilities10/49	€265k	€880k	€1.42M	▲ 61.8%
Equity10/15	€69k	€344k	€406k	▲ 18.0%
Contributions10/11	€2k	€2k	€2k	=
Reserves13	€67k	€342k	€404k	▲ 18.1%
Distributable reserves133	€67k	€342k	€404k	▲ 18.1%
Amounts payable17/49	€196k	€536k	€1.02M	▲ 89.9%
Amounts payable after more than one year17	€66k	€245k	€652k	▲ 166%
Financial debts170/4	€66k	€245k	€652k	▲ 166%
Amounts payable within one year42/48	€130k	€291k	€366k	▲ 25.7%
Current portion of amounts payable after more than one year42	€19k	€62k	€92k	▲ 48.5%
Trade debts44	€27k	€102k	€74k	▼ 27.2%
Suppliers440/4	€27k	€102k	€74k	▼ 27.2%
Taxes, remuneration and social security45	€32k	€91k	€175k	▲ 92.7%
Taxes450/3	€27k	€71k	€98k	▲ 37.3%
Remuneration and social security454/9	€5k	€20k	€77k	▲ 293%
Other amounts payable47/48	€51k	€36k	€24k	▼ 33.0%

Line	2023	2024	2025	Change
Profit (loss) for the period9904	€67k	€275k	€62k	▼ 77.5%
+ Depreciation and write-downs630	€17k	€44k	€89k	▲ 105%
Operating cash flow (approximation)	€84k	€319k	€151k	▼ 52.6%
Investment in fixed assets (approximation)	-	€-274k	€-606k	▼ 121%
Change in cash	-	€45k	€44k	▼ 2.4%

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

All 6Financial 3Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

06-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €62k ▼77.5%

Net result drops to €62k, the lowest in the series.

28-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2023net €275k ▲313%

Operating result €371k, net result €275k, both a record.

31-12

Financial Equity above €200kEq €344k ▲401%

2 profitable years in a row build equity to €344k.

20-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 20 days late

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

0 of 2 acts read

About the unread acts

We know of 2 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

2 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, Andenne · 1 establishment unit since 2023

seat establishment The establishment unit on the map

Ground area

1,764 m²

Building footprint

109 m²

Parcel 92410A0409/00L002, Wallonia. Linked by address, not a title deed.

3 companies at this address See who is registered here

1 establishment unit

ECODEPOL

Rue de Petit-Warêt 170, 5300 AndenneManufacture of rubber and plastic products

since 20232.340.374.626

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92410A0409/00L002	Wallonia	1,764 m²	1 · 109 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.

Recognitions · licences · registrations

Recognised contractor

2 categories

ECODEPOL SRL44833

category C1, class 1 · category G, class 1

decision 13-03-2025

Similar companies · same sector, comparable size

Sint-Niklaas · Eq €375k

Of 252 companies in sector 39000 we hold annual accounts for 133. 88 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded09-01-2023

Fiscal year end31-12

Activities, NACEBEL 2025

39000Remediation activities and other waste management service activities

81220Other building cleaning and industrial cleaning

25220Manufacture of fabricated metal products, except machinery and equipment

37000Sewerage

38120Waste collection, recovery and disposal activities

42212Civil engineering

42911Civil engineering

Contact

Website www.ecodepol.be

E-mail info@ecodepol.be

Phone +3285314918

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