EGECA
ActiveSummary
The computed 12-month bankruptcy probability of EGECA is 2.6% (moderate). The 2025 annual accounts show negative equity (€-7k) and a net result of €-4k. Equity is shrinking by ~38.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 7777 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
33
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▲+31
Solvency9▼-11
Growth22=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.68 in 2024; short-term debt: 53.4% and cash: 2.2% of total assets), and equity is negative.
Credit check 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 · 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
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 2025Solvency, return and age of the figures
Solvency
-15.7%
Return on assets
-9.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-7k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
61 d late
2023
153 d late
2022
61 d late
2021
153 d late
2020
150 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€8k▼ 81.8%
2024 · €46k
2018: €196k
2019: €223k
2020: €146k
2021: €142k
2022: €122k
2023: €107k
2024: €46k
2018 → 2025
EBIT margin
-42.3%▼ 29.4pp
2024 · -12.9%
2018: 1.4%
2019: -2.7%
2020: -2.3%
2021: -1.1%
2022: -3.6%
2023: -4.8%
2024: -12.9%
2018 → 2025
Net result
€-4k▲ 43.7%
2024 · €-7k
2018: €2k
2019: €-7k
2020: €-4k
2021: €-2k
2022: €-5k
2023: €-6k
2024: €-7k
2018 → 2025
Working capital
€-12k▼ 73.7%
2024 · €-7k
2018: €28k
2019: €11k
2020: €14k
2021: €16k
2022: €3k
2023: €-2k
2024: €-7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€142k-€122k▼ 14.1%€107k▼ 11.7%€46k▼ 57.4%€8k▼ 81.8%
Equity€16k-€11k▼ 32.7%€5k▼ 55.3%€-2k€-7k▼ 185%
Operating result€-2k-€-4k▼ 182%€-5k▼ 19.8%€-6k▼ 13.3%€-4k▲ 40.1%
Net result€-2k-€-5k▼ 170%€-6k▼ 15.0%€-7k▼ 20.3%€-4k▲ 43.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €6k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€31k ▼ 12.4%
Current assets
€10k ▼ 29.5%
Key figures and ratios
EBITDA
€1k▲
2024 · €-1k
Cash flow
€754▲
2024 · €-2k
Solvency
-15.7%▼
2024 · -4.6%
Current ratio
0.46▼
2024 · 0.68
Quick ratio
0.35▼
2024 · 0.56
Debt to equity
-7.36▲
2024 · -22.91
ROA
-9.2%▲
2024 · -13.5%
Interest coverage
1.36▲
2024 · -0.99
Debt
€48k▼
2024 · €52k
Debt ≤ 1 year
€22k▲
2024 · €21k
Debt > 1 year
€22k▼
2024 · €26k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€50k€41k▼
Fixed assets21/28€36k€31k▼
Tangible fixed assets22/27€35k€30k▼
Land and buildings22€31k€28k▼
Plant, machinery and equipment23-€0
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€792€916▲
Current assets29/58€14k€10k▼
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€6k€7k▲
Trade receivables40€6k€7k▲
Other amounts receivable41€607-
Cash at bank and in hand54/58€6k€930▼
Equity and liabilities
Total equity and liabilities10/49€50k€41k▼
Equity10/15€-2k€-7k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-27k€-31k▼
Investment grants15€4k€4k▼
Amounts payable17/49€52k€48k▼
Amounts payable after more than one year17€26k€22k▼
Financial debts170/4€26k€22k▼
Amounts payable within one year42/48€21k€22k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€113€3k▲
Suppliers440/4€113€3k▲
Taxes, remuneration and social security45-€44
Taxes450/3-€44
Other amounts payable47/48€18k€16k▼
Accrued charges and deferred income492/3€5k€4k▼
Income statement
Code20242025
Turnover70€46k€8k▼
Goods, raw materials, services and sundry goods60/61€47k€7k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€128€400▲
Gross operating margin9900€-1k€1k▲
Operating profit (loss)9901€-6k€-4k▲
Financial income75/76B€495€484▼
Recurring financial income75€495€484▼
Financial charges65/66B€1k€754▼
Recurring financial charges65€1k€754▼
Profit (loss) for the period before taxes9903€-7k€-4k▲
Profit (loss) for the period9904€-7k€-4k▲
Profit (loss) for the period to be appropriated9905€-7k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-31k▼
Profit (loss) brought forward from the previous period14P€-20k€-27k▼
The notes to these accounts (17 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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 153 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 61 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 153 days late
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 150 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
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, Anderlecht · 2 establishment units since 1994
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.
Pierre Biddaerstraat 321070 AnderlechtGround area
1,322 m²
Building footprint
370 m²
Volume, LiDAR
3,641 m³
2 parcels, Brussels · tallest building 18.7 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Pierre Biddaerstraat 32, 1070 Anderlecht
since 19942.069.585.268
EGECA
since 20182.274.404.431
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0515/00Z007 | Brussels | 1,150 m² | 1 · 301 m² | 11.9 m · 2 fl. |
| 21526D0273/00G003 | Brussels | 173 m² | 1 · 68 m² | 18.7 m · 5 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.
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OVERSIGHT
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APPLIANCE SECURITECH
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 3,631 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 (pre-2019)
Founded29-11-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.