ECS Solutions
ActiveSummary
The computed 12-month bankruptcy probability of ECS Solutions is 2.7% (moderate). The 2024 annual accounts show equity of €107k and a net result of €-28k. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 89% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-89
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 4.33 against 3.66 in 2023; short-term debt: 16.2% and cash: 1.9% of total assets), and 16.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
83.8%
Return on assets
-21.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
13 d late
2023
7 d early
2022
4 d early
2021
5 d late
2020
20 d late
2019
53 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€107k▼ 20.5%
2023 · €135k
2019: €48k
2020: €65k
2021: €98k
2022: €103k
2023: €135k
2019 → 2024
Total assets
€128k▼ 24.0%
2023 · €169k
2019: €85k
2020: €101k
2021: €136k
2022: €148k
2023: €169k
2019 → 2024
Net result
€-28k
2023 · €27k
2019: €38k
2020: €17k
2021: €33k
2022: €-333
2023: €27k
2019 → 2024
Working capital
€69k▼ 18.7%
2023 · €85k
2019: €22k
2020: €30k
2021: €36k
2022: €43k
2023: €85k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€65k-€98k▲ 51.5%€103k▲ 4.8%€135k▲ 31.4%€107k▼ 20.5%
Operating result€21k-€41k▲ 95.6%€644▼ 98.4%€35k▲ 5,310%€-25k
Net result€17k-€33k▲ 94.8%€-333€27k€-28k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €25k after €35k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €128k
Fixed assets
€38k ▼ 26.0%
Current assets
€90k ▼ 23.1%
Equity and liabilities €128k
Equity
€107k ▼ 20.5%
Debt
€21k ▼ 38.0%
Debt's share of the balance-sheet total falls from 19.9% to 16.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-13k▼
2023 · €49k
Cash flow
€-16k▼
2023 · €41k
Current ratio
4.33▲
2023 · 3.66
Quick ratio
2.95▲
2023 · 2.87
Debt to equity
0.19▼
2023 · 0.25
ROE
-25.8%▼
2023 · 20.2%
ROA
-21.7%▼
2023 · 16.2%
Interest coverage
-10.79▼
2023 · 133.92
Debt ≤ 1 year
€21k▼
2023 · €32k
Staff costs
€103k▼
2023 · €159k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€169k€128k▼
Fixed assets21/28€52k€38k▼
Tangible fixed assets22/27€49k€36k▼
Land and buildings22€22k€21k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€22k€11k▼
Financial fixed assets28€3k€3k=
Current assets29/58€117k€90k▼
Stocks and contracts in progress3€25k€29k▲
Stocks30/36€25k€29k▲
Amounts receivable within one year40/41€45k€53k▲
Trade receivables40€23k€33k▲
Other amounts receivable41€22k€20k▼
Cash at bank and in hand54/58€38k€2k▼
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€169k€128k▼
Equity10/15€135k€107k▼
Contributions10/11€20k€20k=
Reserves13€115k€87k▼
Distributable reserves133€115k€87k▼
Amounts payable17/49€34k€21k▼
Amounts payable within one year42/48€32k€21k▼
Trade debts44€14k€19k▲
Suppliers440/4€14k€19k▲
Taxes, remuneration and social security45€14k€2k▼
Taxes450/3€5k€2k▼
Remuneration and social security454/9€9k-
Other amounts payable47/48€3k-
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Remuneration, social security and pensions62€159k€103k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€12k▼
Other operating charges640/8€1k€4k▲
Non-recurring operating charges66A-€322
Gross operating margin9900€209k€95k▼
Operating profit (loss)9901€35k€-25k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€364€5k▲
Recurring financial charges65€364€1k▲
Non-recurring financial charges66B-€4k
Profit (loss) for the period before taxes9903€37k€-28k▼
Income taxes67/77€10k-
Profit (loss) for the period9904€27k€-28k▼
Profit (loss) for the period to be appropriated9905€27k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€-28k▼
Transfer from equity791/2-€28k
Transfer to equity691/2€27k-
To other reserves6921€27k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Weakest financial yearnet €-28k ▼202%
Net result drops to €-28k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €103k ▲4.8%
Equity rises from €98k to €103k.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kontich · 1 establishment unit since 2019
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.
Josephine Charlottestraat 72550 KontichGround area
9,933 m²
Building footprint
4,104 m²
Volume, LiDAR
557 m³
2 parcels, Flanders · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ECS Solutions
since 20192.285.373.943
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11030C0303/00L000 | Flanders | 9,464 m² | 1 · 3,972 m² | 10.6 m |
| 11024B0315/00S000 | Flanders | 469 m² | 1 · 132 m² | 9.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 823 EUR awarded · 823 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 66 EUR | 66 EUR |
| 2024 | 1 | 236 EUR | 236 EUR |
| 2023 | 1 | 0 EUR | 54 EUR |
| 2022 | 1 | 521 EUR | 467 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,925 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43212Electrical installation work in industrial facilities
81220Other building cleaning and industrial cleaning
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.