ECOFOAM
BankruptcySummary
The KBO register records for ECOFOAM the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €86k and a net result of €-53k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
22 d late
2022
10 d late
2021
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€86k▼ 38.2%
2023 · €140k
2021: €5k
2022: €42k
2023: €140k
2021 → 2024
Total assets
€470k▲ 62.2%
2023 · €290k
2021: €50k
2022: €162k
2023: €290k
2021 → 2024
Net result
€-53k
2023 · €98k
2021: €3k
2022: €37k
2023: €98k
2021 → 2024
Working capital
€-171k
2023 · €70k
2021: €-12k
2022: €-8k
2023: €70k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€5k-€42k▲ 773%€140k▲ 233%€86k▼ 38.2%
Operating result€5k-€48k▲ 939%€131k▲ 172%€-47k
Net result€3k-€37k▲ 1,023%€98k▲ 163%€-53k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €47k after €131k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €470k
Fixed assets
€268k ▲ 155%
Current assets
€202k ▲ 9.3%
Equity and liabilities €470k
Equity
€86k ▼ 38.2%
Debt
€383k ▲ 156%
Debt's share of the balance-sheet total rises from 51.7% to 81.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2023 · €163k
Cash flow
€-13k▼
2023 · €130k
Current ratio
0.54▼
2023 · 1.61
Quick ratio
0.51▼
2023 · 1.46
Debt to equity
4.43▲
2023 · 1.07
ROE
-61.8%▼
2023 · 70.0%
ROA
-11.4%▼
2023 · 33.8%
Interest coverage
-0.54▼
2023 · 27.40
Debt ≤ 1 year
€373k▲
2023 · €115k
Debt > 1 year
€10k▼
2023 · €35k
Income taxes
€2k▼
2023 · €28k
Staff costs
€249k▲
2023 · €60k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€290k€470k▲
Fixed assets21/28€105k€268k▲
Tangible fixed assets22/27€100k€63k▼
Plant, machinery and equipment23€47k€35k▼
Furniture and vehicles24€53k€28k▼
Financial fixed assets28€5k€205k▲
Current assets29/58€185k€202k▲
Stocks and contracts in progress3€17k€13k▼
Stocks30/36€17k€13k▼
Amounts receivable within one year40/41€147k€183k▲
Trade receivables40€78k€40k▼
Other amounts receivable41€68k€143k▲
Cash at bank and in hand54/58€20k€6k▼
Deferred charges and accrued income490/1€437-
Equity and liabilities
Total equity and liabilities10/49€290k€470k▲
Equity10/15€140k€86k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€138k€85k▼
Amounts payable17/49€150k€383k▲
Amounts payable after more than one year17€35k€10k▼
Financial debts170/4€35k€10k▼
Amounts payable within one year42/48€115k€373k▲
Current portion of amounts payable after more than one year42€24k€195k▲
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44-€57k
Suppliers440/4-€57k
Advances received on contracts in progress46€29k€345▼
Taxes, remuneration and social security45€45k€106k▲
Taxes450/3€42k€41k▼
Remuneration and social security454/9€3k€65k▲
Other amounts payable47/48€17k€13k▼
Income statement
Code20232024
Remuneration, social security and pensions62€60k€249k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€40k▲
Other operating charges640/8€13k€11k▼
Gross operating margin9900€236k€253k▲
Operating profit (loss)9901€131k€-47k▼
Financial income75/76B€2k€7k▲
Recurring financial income75€2k€7k▲
Financial charges65/66B€6k€12k▲
Recurring financial charges65€6k€12k▲
Profit (loss) for the period before taxes9903€126k€-51k▼
Income taxes67/77€28k€2k▼
Profit (loss) for the period9904€98k€-53k▼
Profit (loss) for the period to be appropriated9905€98k€-53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€85k▼
Profit (loss) brought forward from the previous period14P€41k€138k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-53k ▼155%
Net result drops to €-53k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Highest result since 2021net €98k ▲163%
Operating result €131k, net result €98k, both a record.
31-12
Financial
Equity above €100kEq €140k ▲233%
3 profitable years in a row build equity to €140k.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
1,312 m²
Building footprint
1,250 m²
Volume, LiDAR
26,347 m³
Parcel 21808H0030/00S000, Brussels · tallest building 24.4 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
ECOFOAM
since 20202.306.317.926
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H0030/00S000 ProtectedMonumentUniversitair ziekenhuis Sint-Pieter |
Brussels | 1,312 m² | 1 · 1,250 m² | 24.4 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
ONKELINX AFWERKING
BE 0550.534.980
Gingelom · Eq €86,305
ARTIBAT STAFF & STUC
BE 0820.168.355
Gembloux · Eq €86,208
BLEVI
BE 0476.669.777
Scherpenheuvel-Zichem · Eq €86,200
BAMECO BELGIË
BE 0844.211.586
Lanaken · Eq €86,894
STE
BE 0555.895.221
Hamme (Vl.) · Eq €86,968
Of 4,271 companies in sector 43230 we hold annual accounts for 1,241. 1,044 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@ecofoam.be