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ECOPA

Active
KBO/BCE: BE 0848.878.672
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age13 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ECOPA is 0.2% (very low). The 2024 annual accounts show equity of €199k and a net result of €61k. Equity is growing by ~60.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 1396 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

3 signals · with evidence
Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1396 sector peers (2024).
View the sector comparison
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, 12 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.
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.
How we compute the deadline
The year end is derived from 10 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 29-08-2025 29 d late 2025-00437150
31-12-2023 31-07-2024 29-08-2024 29 d late 2024-00415720
31-12-2022 31-07-2023 30-06-2023 31 d early 2023-00179960
31-12-2021 31-07-2022 29-04-2022 93 d early 2022-20015459
31-12-2020 31-07-2021 28-06-2021 33 d early 2021-27200124
31-12-2019 31-07-2020 24-08-2020 24 d late 2020-44000353
31-12-2018 31-07-2019 20-07-2019 11 d early 2019-36800536
31-12-2017 31-07-2018 31-08-2018 31 d late 2018-61900106
31-12-2016 31-07-2017 22-09-2017 53 d late 2017-62700578
31-12-2015 31-07-2016 30-08-2016 30 d late 2016-52600221

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
Established
Founded in 2012, 13 years in business.
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
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector Long track record

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€61k+62.9%
Working capital€-684k+1.3%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · verkort
€0€50k€100k€150kOperating result 2020: €77k€77kNet result 2020: €14k€14kOperating result 2021: €77k€77kNet result 2021: €30k€30kOperating result 2022: €83k€83kNet result 2022: €38k€38kOperating result 2023: €85k€85kNet result 2023: €38k€38kOperating result 2024: €142k€142kNet result 2024: €61k€61k20202021202220232024
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 ~60.1%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-100k€0€100k€200k€300k2025: €218k (€202k - €233k)2026: €255k (€239k - €271k)2027: €293k (€276k - €310k)2018: €-45k2019: €-4k2020: €33k2021: €62k2022: €101k2023: €138k2024: €199k2018201920202021202220232024202520262027
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 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 11.8% 43.5%
better than 19% of 1396 sector peers
Net result €61k €42k
better than 59% of 1397 sector peers
Equity €199k €163k
better than 55% of 1397 sector peers
Gross operating margin €195k €72k
better than 76% of 1396 sector peers
Employees (FTE) 0.0 0.0
better than 28% of 430 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 P19
2020: P15 · n=4402021: P18 · n=5872022: P18 · n=8612023: P18 · n=11612024: P19 · n=13962020 2024
Stable position over 2020-2024 · n=440-1396
Net result P59
2020: P62 · n=4412021: P54 · n=5872022: P54 · n=8612023: P52 · n=11612024: P59 · n=13972020 2024
Stable position over 2020-2024 · n=441-1397
Equity P55
2020: P25 · n=4412021: P37 · n=5872022: P45 · n=8612023: P50 · n=11622024: P55 · n=13972020 2024
Improving position over 2020-2024 · n=441-1397
Gross operating margin P76
2020: P65 · n=4402021: P64 · n=5842022: P66 · n=8562023: P70 · n=11552024: P76 · n=13962020 2024
Stable position over 2020-2024 · n=440-1396
Describes the position versus peers, not a forecast.
EBITDA
€180k
+61.0% 18-24
Net profit
€61k
+62.9% 18-24
Cash flow
€99k
+54.8% 18-24
Total assets
€1.68M
-1.3% 18-24
Equity
€199k
+44.3% 18-24
Working capital
€-684k
+1.3% 18-24
Employees (FTE)
0
- 18-24
Income taxes
€32k
+151.3% 18-24
Dividends
€0
- 18-24
Debt
€1.48M
-5.3% 18-24
Debt ≤ 1y
€690k
-1.8% 18-24
Debt > 1y
€794k
-7.6% 18-24
Current ratio
0.01
-36.3% 18-24
Quick ratio
0.01
-36.3% 18-24
Solvency
11.8%
+46.2% 18-24
Debt / equity
7.45
-34.4% 18-24
ROE
30.7%
+12.9% 18-24
ROA
3.6%
+65.0% 18-24
Interest coverage
3.71
+15.6% 18-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue-
EBITDA€180k
Net profit€61k
Cash flow€99k
Staff costs-
Income taxes€32k
Dividends-
Total assets€1.68M
Equity€199k
Debt€1.48M
of which ≤ 1y€690k
of which > 1y€794k
Working capital€-684k
Employees (FTE)0.0
Ratios (computed)
2024
Current ratio0.01
Quick ratio0.01
Working capital ratio-40.6%
Solvency11.8%
Debt / equity7.45
Long-term debt ratio3.99
Interest coverage3.71
Gross margin-
Net margin-
ROA3.6%
ROE30.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.68M
Fixed assets 21/28€1.68M
Tangible fixed assets 22/27€1.68M
Current assets 29/58€6k
Amounts receivable within one year 40/41€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.68M
Equity 10/15€199k
Contributions / capital 10/11€19k
Reserves 13€181k
Amounts payable 17/49€1.48M
Amounts payable after one year 17€794k
Amounts payable within one year 42/48€690k
Trade debts payable within one year 44€6k
Income statement
Gross operating margin 9900€195k
Operating result 9901€142k
Financial charges 65€48k
Result before taxes 9903€93k
Income taxes 67/77€32k
Net result for the period 9904€61k
Result to be appropriated 9905€61k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
51 / 100 Fair
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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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

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
Ecopa
Beukenlei 9, 2960 BrechtManagementsactiviteiten van holdings : tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enz.
since 20122.213.629.179
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area4,237 m²
Buildings1
Building footprint1,938 m²
Volume (LiDAR)8,214 m³
Tallest building11.5 m · ±1 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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11042A0002/00S034 Flanders 4,237 m² 1 · 1,938 m² 11.5 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health51Profitability100Solvency8Growth78Stability100
67 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 51
Profitability 100
Solvency 8
Growth 78
Stability 100

Ask AI about this company

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110
Primary activity highlighted.
Names & trade names
Legal nameNL ECOPA
Registered office
Beukenlei 9
2960 Brecht, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.