ECOTHEM
ActiveECOTHEM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €661k and a net result of €101k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 6971 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+17
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 3.71 against 5.36 in 2024), and 15% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
85%
Return on assets
13.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-09-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
41 d early
2023
8 d early
2022
2 d late
2021
2 d early
2020
9 d late
2019
15 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€661k▲ 1.2%
2024 · €653k
2019: €400k
2020: €471k
2021: €508k
2022: €581k
2023: €574k
2024: €653k
2019 → 2025
Total assets
€778k▲ 4.7%
2024 · €743k
2019: €622k
2020: €680k
2021: €1.15M
2022: €763k
2023: €739k
2024: €743k
2019 → 2025
Net result
€101k▲ 29.2%
2024 · €79k
2019: €56k
2020: €71k
2021: €37k
2022: €73k
2023: €50k
2024: €79k
2019 → 2025
Working capital
€296k▲ 4.2%
2024 · €284k
2019: €446k
2020: €330k
2021: €334k
2022: €370k
2023: €225k
2024: €284k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€508k-€581k▲ 14.3%€574k▼ 1.2%€653k▲ 13.7%€661k▲ 1.2%
Operating result€64k-€123k▲ 91.3%€88k▼ 28.4%€99k▲ 12.5%€131k▲ 32.2%
Net result€37k-€73k▲ 95.4%€50k▼ 31.7%€79k▲ 57.8%€101k▲ 29.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 32% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €778k
Fixed assets
€372k▼ 5.5%
Current assets
€406k▲ 16.1%
Equity and liabilities €778k
Equity
€661k▲ 1.2%
Debt
€117k▲ 29.6%
The debt ratio rises from 12.1% to 15.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€158k▲
2024 · €128k
Cash flow
€129k▲
2024 · €107k
Solvency
85.0%▼
2024 · 87.9%
Current ratio
3.71▼
2024 · 5.36
Quick ratio
3.71▼
2024 · 5.36
Debt / equity
0.18▲
2024 · 0.14
ROE
15.4%▲
2024 · 12.0%
ROA
13.1%▲
2024 · 10.6%
Interest coverage
32.91▲
2024 · -22.05
Debt
€117k▲
2024 · €90k
Debt ≤ 1 year
€109k▲
2024 · €65k
Debt > 1 year
€4k▼
2024 · €23k
Income taxes
€29k▲
2024 · €28k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€743k€778k▲
Fixed assets21/28€394k€372k▼
Tangible fixed assets22/27€394k€372k▼
Land and buildings22€280k€256k▼
Plant, machinery and equipment23€8k€9k▲
Furniture and vehicles24€1k€3k▲
Leasing and similar rights25€104k€104k=
Current assets29/58€349k€406k▲
Amounts receivable within one year40/41€26k€43k▲
Trade receivables40€25k€33k▲
Other amounts receivable41€603€10k▲
Current investments50/53€245k€248k▲
Cash at bank and in hand54/58€74k€110k▲
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€743k€778k▲
Equity10/15€653k€661k▲
Contributions10/11€10k€10k=
Reserves13€643k€651k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€643k€651k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€90k€117k▲
Amounts payable after more than one year17€23k€4k▼
Financial debts170/4€19k€0▼
Other amounts payable178/9€4k€4k=
Amounts payable within one year42/48€65k€109k▲
Current portion of amounts payable after more than one year42€42k€19k▼
Trade debts44€7k€16k▲
Suppliers440/4€7k€16k▲
Taxes, remuneration and social security45€16k€18k▲
Taxes450/3€16k€18k▲
Other amounts payable47/48€63€57k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€27k▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€133k€163k▲
Operating profit (loss)9901€99k€131k▲
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€-6k€5k▲
Recurring financial charges65€-6k€5k▲
Profit (loss) for the period before taxes9903€106k€131k▲
Income taxes67/77€28k€29k▲
Profit (loss) for the period9904€79k€101k▲
Profit (loss) for the period to be appropriated9905€79k€101k▲
Appropriation of the result
Profit (loss) to be appropriated9906€79k€101k▲
Transfer from equity791/2€0€93k▲
Transfer to equity691/2€79k€101k▲
To other reserves6921€79k€101k▲
Profit to be distributed694/7€0€93k▲
Return on contributions (dividend)694€0€57k▲
Directors or managers695-€37k
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
Next filing, fiscal year 2026, expected by
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €101k ▲29.2%
Operating result €131k, net result €101k, both a record.
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
31-03
Financial
Liquidity triplescurrent ratio 5.72
Current ratio from 1.67 to 5.72; short-term debt falls from €497k to €78k.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet €37k ▼47.1%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
31-03
Financial
Equity above €500kEq €508k ▲7.9%
3 profitable years in a row build equity to €508k.
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2019
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Keerbergen · 1 establishment unit since 2004
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.
Vlugestal 73140 KeerbergenGround area
1,956 m²
Building footprint
233 m²
Volume, LiDAR
1,105 m³
Parcel 24472F0403/00M000, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ecothem
since 20042.136.751.929
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472F0403/00M000 | Flanders | 1,956 m² | 1 · 233 m² | 12.0 m · 2 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.
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ARCTURUS GROUP
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Of 13,390 companies in sector 73300 we hold annual accounts for 6,881. 3,721 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-04-2004
Fiscal year end31-03
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74141
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.