EcoNation R&D
ActiveEcoNation R&D has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-48k) and a net result of €726. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 5% of 9039 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+61
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Age of the figures
Age of the figures
21 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9039 sector peers (2024).
NBB · sector comparisonPosition among 9039 sector peers
Solvency
better than 5%
← 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 29-08-2025, 29 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
34 d early
2022
16 d late
2021
27 d early
2020
25 d early
2019
38 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-48k▲ 1.5%
2023 · €-49k
2018: €61k
2019: €-48k
2020: €-49k
2021: €-51k
2022: €-49k
2023: €-49k
2018 → 2024
Total assets
€31▼ 98.9%
2023 · €3k
2018: €110k
2019: €9k
2020: €2k
2021: €2k
2022: €673
2023: €3k
2018 → 2024
Net result
€726▲ 5,987%
2023 · €12
2018: €-35k
2019: €-109k
2020: €-859
2021: €-2k
2022: €2k
2023: €12
2018 → 2024
Working capital
€-48k▲ 1.6%
2023 · €-49k
2018: €-39k
2019: €-48k
2020: €-49k
2021: €-51k
2022: €-49k
2023: €-49k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-49k-€-51k▼ 3.9%€-49k▲ 3.8%€-49k=€-48k▲ 1.5%
Operating result€-859-€-2k▼ 114%€2k€102▼ 95.0%€792▲ 674%
Net result€-859-€-2k▼ 122%€2k€12▼ 99.4%€726▲ 5,987%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 674% above 2023.
Key figures and ratios
Debt
€48k▼
2023 · €52k
Debt ≤ 1 year
€48k▼
2023 · €52k
Ratios withheld: a balance sheet total of €31 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3k€31▼
Current assets29/58€3k€31▼
Amounts receivable within one year40/41€3k€0▼
Trade receivables40€2k€0▼
Other amounts receivable41€346€0▼
Cash at bank and in hand54/58€118€31▼
Equity and liabilities
Total equity and liabilities10/49€3k€31▼
Equity10/15€-49k€-48k▲
Contributions10/11€210k€210k=
Capital10€210k€210k=
Issued capital100€210k€210k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Legal reserve130€1k€1k=
Profit (loss) carried forward14€-260k€-260k▲
Amounts payable17/49€52k€48k▼
Amounts payable within one year42/48€52k€48k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€0€428▲
Taxes450/3€0€428▲
Other amounts payable47/48€49k€46k▼
Accrued charges and deferred income492/3-€65
Income statement
Code20232024
Other operating charges640/8€499€513▲
Gross operating margin9900€602€1k▲
Operating profit (loss)9901€102€792▲
Financial charges65/66B€90€65▼
Recurring financial charges65€90€65▼
Profit (loss) for the period before taxes9903€12€726▲
Profit (loss) for the period9904€12€726▲
Profit (loss) for the period to be appropriated9905€12€726▲
Appropriation of the result
Profit (loss) to be appropriated9906€-260k€-260k▲
Profit (loss) brought forward from the previous period14P€-260k€-260k=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 38 days late
2019
31-12
Financial
Weakest financial yearnet €-109k
Net result drops to €-109k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Oostkamp · 1 establishment unit since 2009
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.
Proosdijstraat 628020 OostkampGround area
4,401 m²
Parcel 31009A0084/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
EcoNation R&D
since 20092.181.766.065
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31009A0084/00R000 | Flanders | 4,401 m² | - | - |
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.
Similar companies · same sector, comparable size
STONE PARTNER
BE 0479.907.993
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AJ KOELTECHNIEKEN
BE 0456.838.128
Dilsen-Stokkem · Eq €61k
LYNOTEC
BE 0840.622.487
Brussel · Eq €61k
MIL TRADING
BE 0731.761.565
Sint-Pieters-Leeuw · Eq €61k
Xtendo
BE 0627.741.636
Waregem · Eq €61k
Of 1,803 companies in sector 46831 we hold annual accounts for 1,397. 681 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-10-2009
Fiscal year end31-12
Activities, NACEBEL
46831Wholesale of construction materials, general range
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
46474Wholesale trade
46643Wholesale of electrical equipment, including installation materials
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.