ECOVOLUTION
ActiveECOVOLUTION has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €208k and a net result of €35k. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▼-12
Solvency72▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 5.31 against 3.16 in 2023; short-term debt: 13.9% and cash: 44.1% of total assets), but 52.7% 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+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
19 d early
2022
9 d late
2021
25 d late
2020
1 d early
2019
21 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€208k▲ 13.6%
2023 · €184k
2018: €18k
2019: €41k
2020: €100k
2021: €114k
2022: €144k
2023: €184k
2018 → 2024
Total assets
€441k▼ 5.4%
2023 · €466k
2018: €420k
2019: €404k
2020: €449k
2021: €345k
2022: €572k
2023: €466k
2018 → 2024
Net result
€35k▼ 49.6%
2023 · €69k
2018: €3k
2019: €24k
2020: €59k
2021: €14k
2022: €50k
2023: €69k
2018 → 2024
Working capital
€263k▲ 20.7%
2023 · €218k
2018: €134k
2019: €176k
2020: €243k
2021: €182k
2022: €354k
2023: €218k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€100k-€114k▲ 13.8%€144k▲ 26.3%€184k▲ 27.2%€208k▲ 13.6%
Operating result€78k-€25k▼ 68.2%€78k▲ 216%€84k▲ 7.9%€59k▼ 30.1%
Net result€59k-€14k▼ 76.4%€50k▲ 260%€69k▲ 38.5%€35k▼ 49.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 30% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €441k
Fixed assets
€116k▼ 20.9%
Current assets
€324k▲ 1.7%
Equity and liabilities €441k
Equity
€208k▲ 13.6%
Debt
€232k▼ 17.8%
The debt ratio falls from 60.6% to 52.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88k▼
2023 · €114k
Cash flow
€64k▼
2023 · €99k
Solvency
47.3%▲
2023 · 39.4%
Current ratio
5.31▲
2023 · 3.16
Quick ratio
3.94▲
2023 · 1.84
Debt / equity
1.11▼
2023 · 1.54
ROE
16.8%▼
2023 · 37.8%
ROA
7.9%▼
2023 · 14.9%
Interest coverage
5.55▼
2023 · 12.60
Debt
€232k▼
2023 · €282k
Debt ≤ 1 year
€61k▼
2023 · €101k
Debt > 1 year
€171k▼
2023 · €182k
Income taxes
€9k▲
2023 · €8k
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€466k€441k▼
Fixed assets21/28€147k€116k▼
Tangible fixed assets22/27€147k€116k▼
Land and buildings22€77k€67k▼
Plant, machinery and equipment23€9k€2k▼
Furniture and vehicles24€61k€47k▼
Current assets29/58€319k€324k▲
Stocks and contracts in progress3€133k€84k▼
Stocks30/36€133k€84k▼
Amounts receivable within one year40/41€41k€42k▲
Trade receivables40€24k€39k▲
Other amounts receivable41€16k€3k▼
Cash at bank and in hand54/58€145k€194k▲
Deferred charges and accrued income490/1€0€5k▲
Equity and liabilities
Total equity and liabilities10/49€466k€441k▼
Equity10/15€184k€208k▲
Contributions10/11€25k€25k=
Reserves13€159k€183k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€7k€7k=
Distributable reserves133€152k€177k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€282k€232k▼
Amounts payable after more than one year17€182k€171k▼
Financial debts170/4€182k€171k▼
Amounts payable within one year42/48€101k€61k▼
Current portion of amounts payable after more than one year42€15k€11k▼
Trade debts44€37k€33k▼
Suppliers440/4€37k€33k▼
Taxes, remuneration and social security45€19k€8k▼
Taxes450/3€19k€8k▼
Other amounts payable47/48€30k€10k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€29k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€116k€91k▼
Operating profit (loss)9901€84k€59k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€9k€16k▲
Recurring financial charges65€9k€16k▲
Profit (loss) for the period before taxes9903€77k€44k▼
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€69k€35k▼
Profit (loss) for the period to be appropriated9905€69k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€69k€35k▼
Transfer to equity691/2€39k€25k▼
To other reserves6921€39k€25k▼
Profit to be distributed694/7€30k€10k▼
Directors or managers695€30k€10k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €208k ▲13.6%
7 profitable years in a row build equity to €208k.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €69k ▲38.5%
Operating result €84k, net result €69k, both a record.
31-12
Financial
Equity above €150kEq €184k ▲27.2%
6 profitable years in a row build equity to €184k.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €100k ▲142%
3 profitable years in a row build equity to €100k.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
09-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 40 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Torhout · 2 establishment units since 2010
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.
Revinzestraat 1048820 TorhoutGround area
1.4 ha
Building footprint
3,504 m²
Volume, LiDAR
26,130 m³
2 parcels, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Ecovolution
since 20102.185.155.028
Ecovolution
since 20112.210.965.441
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505C0234/00P000 | Flanders | 1.3 ha | 1 · 3,344 m² | 9.6 m · 3 fl. |
| 31523H1022/00H000 | Flanders | 797 m² | 1 · 160 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
VBE
BE 0473.360.493
Etterbeek · Eq €209k
Professionele Tech Service
BE 0743.401.664
Eeklo · Eq €209k
THEIA
BE 0896.928.910
Turnhout · Eq €209k
RP-TECH
BE 1003.715.517
Maaseik · Eq €209k
DUBO
BE 0470.461.084
Zulte · Eq €208k
Of 22,826 companies in sector 43211 we hold annual accounts for 10,328. 8,205 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-01-2010
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
35110Production of electricity from non-renewable sources
43222Installation of electric heating, air conditioning, cooling and ventilation
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.