ECON
ActiveSummary
ECON has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €191k and a net result of €313k. Equity is shrinking by ~12.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 18% of 1208 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+76
Solvency38▲+22
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.46 in 2024; short-term debt: 81.7% and cash: 33.8% of total assets), and 86.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
13.1%
Return on assets
21.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 1208 sector peers (2025).
NBB · sector comparisonPosition among 1208 sector peers
Solvency
better than 18%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
7 d early
2023
23 d late
2022
1 d late
2021
6 d early
2020
8 d early
2019
4 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, abbreviated schema
Equity
€191k
2024 · €-123k
Total assets
€1.46M▲ 3.7%
2024 · €1.40M
Net result
€313k
2024 · €-49k
Working capital
€-359k▲ 54.2%
2024 · €-783k
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
Line20212022202320242025
Operating result€109k€1k▼ 99.1%€51k▲ 4,893%€-9k€349k
Net result€55k€-29k€14k€-49k€313k
Equity€-59k▲ 48.2%€-88k▼ 48.3%€-73k▲ 16.1%€-123k▼ 66.8%€191k
Total assets€1.31M▼ 6.2%€1.32M▲ 0.8%€1.32M▲ 0.4%€1.40M▲ 6.0%€1.46M▲ 3.7%
Debt€1.32M▼ 11.5%€1.36M▲ 3.1%€1.36M▼ 0.6%€1.49M▲ 9.7%€1.23M▼ 17.4%
Working capital€-836k▲ 14.1%€-816k▲ 2.4%€-734k▲ 10.0%€-783k▼ 6.7%€-359k▲ 54.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €349k after a loss of €9k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.46M
Fixed assets
€625k ▼ 15.8%
Current assets
€831k ▲ 25.6%
Equity and liabilities €1.46M
Equity
€191k
Provisions
€38k
Debt
€1.23M
Debt finances 84.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€466k▲
2024 · €26k
Cash flow
€431k▲
2024 · €-14k
Current ratio
0.70▲
2024 · 0.46
Debt to equity
6.43▲
2024 · -12.13
ROE
164.2%
ROA
21.5%▲
2024 · -3.5%
Interest coverage
12.43▲
2024 · 0.62
Debt ≤ 1 year
€1.19M▼
2024 · €1.44M
Income taxes
€170▼
2024 · €170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €128k | - | - | €944 | €1k | ▲ 58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €43k | €42k | €35k | €117k | ▲ 238% |
| Other operating charges640/8 | €24k | €20k | €22k | €22k | €23k | ▲ 3.1% |
| Gross operating margin9900 | €184k | €64k | €114k | €48k | €489k | ▲ 919% |
| Operating profit (loss)9901 | €109k | €1k | €51k | €-9k | €349k | ▲ 4,103% |
| Financial income75/76B | €91 | - | €3 | €2 | €0 | ▼ 100% |
| Recurring financial income75 | €91 | - | €3 | €2 | €0 | ▼ 100% |
| Financial charges65/66B | €24k | €31k | €38k | €42k | €38k | ▼ 10.7% |
| Recurring financial charges65 | €24k | €31k | €38k | €42k | €38k | ▼ 10.7% |
| Profit (loss) for the period before taxes9903 | €85k | €-30k | €12k | €-51k | €311k | ▲ 714% |
| Transfer from deferred taxes780 | €2k | €2k | €2k | €2k | €2k | = |
| Transfer to deferred taxes680 | €32k | - | - | - | - | - |
| Income taxes67/77 | €221 | €182 | €162 | €170 | €170 | ▼ 0.3% |
| Profit (loss) for the period9904 | €55k | €-29k | €14k | €-49k | €313k | ▲ 739% |
| Transfer from tax-exempt reserves789 | €4k | €4k | €4k | €4k | €4k | = |
| Transfer to tax-exempt reserves689 | €96k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-38k | €-25k | €18k | €-45k | €317k | ▲ 799% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.31M | €1.32M | €1.32M | €1.40M | €1.46M | ▲ 3.7% |
| Fixed assets21/28 | €846k | €803k | €767k | €742k | €625k | ▼ 15.8% |
| Tangible fixed assets22/27 | €846k | €803k | €767k | €742k | €625k | ▼ 15.8% |
| Land and buildings22 | €836k | €798k | €767k | €742k | €625k | ▼ 15.8% |
| Furniture and vehicles24 | €10k | €5k | - | - | - | - |
| Current assets29/58 | €463k | €516k | €557k | €662k | €831k | ▲ 25.6% |
| Amounts receivable within one year40/41 | €432k | €443k | €452k | €460k | €315k | ▼ 31.4% |
| Trade receivables40 | €424 | - | €436 | €0 | €40 | - |
| Other amounts receivable41 | €431k | €443k | €451k | €460k | €315k | ▼ 31.4% |
| Current investments50/53 | €17k | €17k | €17k | €17k | €17k | = |
| Cash at bank and in hand54/58 | €9k | €51k | €82k | €180k | €492k | ▲ 174% |
| Deferred charges and accrued income490/1 | €5k | €6k | €6k | €5k | €7k | ▲ 38.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.31M | €1.32M | €1.32M | €1.40M | €1.46M | ▲ 3.7% |
| Equity10/15 | €-59k | €-88k | €-73k | €-123k | €191k | ▲ 256% |
| Contributions10/11 | €459k | €459k | €459k | €459k | €459k | = |
| Capital10 | €459k | €459k | €459k | €459k | €459k | = |
| Issued capital100 | €459k | €459k | €459k | €459k | €459k | = |
| Reserves13 | €134k | €131k | €127k | €123k | €120k | ▼ 3.0% |
| Tax-exempt reserves132 | €123k | €119k | €115k | €112k | €108k | ▼ 3.3% |
| Distributable reserves133 | €12k | €12k | €12k | €12k | €12k | = |
| Profit (loss) carried forward14 | €-652k | €-677k | €-659k | €-705k | €-388k | ▲ 45.0% |
| Provisions and deferred taxes16 | €46k | €44k | €42k | €40k | €38k | ▼ 4.7% |
| Deferred taxes168 | €46k | €44k | €42k | €40k | €38k | ▼ 4.7% |
| Amounts payable17/49 | €1.32M | €1.36M | €1.36M | €1.49M | €1.23M | ▼ 17.4% |
| Amounts payable within one year42/48 | €1.30M | €1.33M | €1.29M | €1.44M | €1.19M | ▼ 17.6% |
| Trade debts44 | €2k | €6k | €6k | €6k | €4k | ▼ 25.8% |
| Suppliers440/4 | €2k | €6k | €6k | €6k | €4k | ▼ 25.8% |
| Advances received on contracts in progress46 | €50k | €50k | - | €148k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €181 | €142 | €120 | €125 | €76 | ▼ 39.7% |
| Taxes450/3 | €181 | €142 | €120 | €125 | €76 | ▼ 39.7% |
| Other amounts payable47/48 | €1.25M | €1.28M | €1.28M | €1.29M | €1.19M | ▼ 8.2% |
| Accrued charges and deferred income492/3 | €23k | €31k | €65k | €41k | €37k | ▼ 10.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55k | €-29k | €14k | €-49k | €313k | ▲ 739% |
| + Depreciation and write-downs630 | €51k | €43k | €42k | €35k | €117k | ▲ 238% |
| Operating cash flow (approximation) | €106k | €14k | €56k | €-14k | €431k | ▲ 3,107% |
| Investment in fixed assets (approximation) | - | €0 | €-6k | €-9k | €0 | ▲ 100% |
| Change in cash | - | €41k | €31k | €98k | €312k | ▲ 219% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €313k
Net result €313k after one loss-making year.
31-12
Financial
Equity above €150kEq €191k
Equity rises from €-123k to €191k.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €55k
Net result €55k after 3 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-93k
Net result drops to €-93k, the lowest in the series; recovery starts the following year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Hasselt · 1 establishment unit since 1992
Ground area
3,172 m²
Building footprint
139 m²
Volume, LiDAR
719 m³
Parcel 71328D0929/00H000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ECON NV
since 19922.056.236.682
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0929/00H000 | Flanders | 3,172 m² | 1 · 139 m² | 7.3 m · 2 fl. |
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.
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Of 1,280 companies in sector 81100 we hold annual accounts for 678. 463 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
Founded19-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
Scores and ratios are computed by Checked and are not a credit decision.