Checked.be
Active
BE 0862.995.241Private limited company
EUREKA-CONCEPT
Rue Houssière(FB) 1 ·7911 Frasnes-lez-Anvaing, Belgium· 22 yrs active
Sector: Plumbing work
(43221)
Conclusion
EUREKA-CONCEPT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €138k and a net result of €33k. Equity is growing by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 36383 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €138k |
| Net result | €33k |
| Better than sector | 55% |
| Active | 22 yrs |
Financial profile
93
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
100
Solvency
93
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2004, 22 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.
Checked score
93
/ 100
Excellent
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.
Indicative credit limit
€13k
estimate, not credit advice
Score history
81
2021
58
2022
96
2023
93
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.86 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.06 (≥ 1.0)
+5
Leverage
Debt/equity 0.96 (< 1.0)
+10
Profitability
ROE 24% (≥ 10%)
+10
Interest coverage
Interest coverage 18.7× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 04-07-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~27.1%/year over 4 fiscal years, indicative, assuming unchanged policy.
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 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 50.9% | 46.6% | |
| Net result | €33k | €9k | |
| Equity | €138k | €58k | |
| Gross operating margin | €226k | €38k | |
| Staff costs | €160k | €40k |
€65k
-1.5%
21-24
€33k
-2.4%
21-24
€50k
-3.0%
21-24
€271k
+44.1%
21-24
€138k
+31.8%
21-24
€100k
+21.7%
21-24
€160k
+16.2%
21-24
€12k
-9.8%
21-24
€133k
+59.5%
21-24
€116k
+96.2%
21-24
€17k
-25.2%
21-24
1.86
-22.1%
21-24
1.06
+60.8%
21-24
50.9%
-8.5%
21-24
0.96
+21.1%
21-24
24.1%
-25.9%
21-24
12.3%
-32.3%
21-24
18.73
-53.1%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €65k | €66k | €20k | €22k |
| Net profit | €33k | €34k | €-4k | €4k |
| Cash flow | €50k | €51k | €18k | €21k |
| Staff costs | €160k | €138k | €134k | €123k |
| Income taxes | €12k | €13k | €982 | - |
| Dividends | - | - | - | - |
| Total assets | €271k | €188k | €147k | €135k |
| Equity | €138k | €105k | €71k | €75k |
| Debt | €133k | €83k | €76k | €60k |
| of which ≤ 1y | €116k | €59k | €76k | €55k |
| of which > 1y | €17k | €22k | - | €4k |
| Working capital | €100k | €82k | €47k | €46k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.86 | 2.39 | 1.62 | 1.84 |
| Quick ratio | 1.06 | 0.66 | 0.70 | 0.90 |
| Working capital ratio | 37.0% | 43.8% | 32.1% | 34.3% |
| Solvency | 50.9% | 55.7% | 48.2% | 55.7% |
| Debt / equity | 0.96 | 0.80 | 1.07 | 0.79 |
| Long-term debt ratio | 0.12 | 0.21 | - | 0.06 |
| Interest coverage | 18.73 | 39.91 | 19.51 | 24.03 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 12.3% | 18.1% | -2.9% | 2.9% |
| ROE | 24.1% | 32.6% | -6.1% | 5.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €271k | €188k | €147k | €135k |
| Fixed assets | 21/28 | €54k | €46k | €24k | €33k |
| Intangible fixed assets | 21 | €17k | €9k | €23k | €26k |
| Tangible fixed assets | 22/27 | €37k | €37k | €857 | €7k |
| Financial fixed assets | 28 | €180 | €180 | €180 | €180 |
| Current assets | 29/58 | €217k | €142k | €123k | €101k |
| Stocks & contracts in progress | 3 | €93k | €103k | €70k | €52k |
| Amounts receivable within one year | 40/41 | €46k | €23k | €15k | €18k |
| Cash & bank | 54/58 | €76k | €14k | €38k | €31k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €271k | €188k | €147k | €135k |
| Equity | 10/15 | €138k | €105k | €71k | €75k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €42k | €8k | €8k | €8k |
| Accumulated profits (losses) | 14 | €78k | €78k | €44k | €48k |
| Amounts payable | 17/49 | €133k | €83k | €76k | €60k |
| Amounts payable after one year | 17 | €17k | €22k | - | €4k |
| Amounts payable within one year | 42/48 | €116k | €59k | €76k | €55k |
| Trade debts payable within one year | 44 | €66k | €29k | €52k | €29k |
| Income statement | |||||
| Gross operating margin | 9900 | €226k | €205k | €155k | €146k |
| Operating result | 9901 | €49k | €49k | €-2k | €5k |
| Financial income | 75 | €237 | €256 | €114 | €7 |
| Financial charges | 65 | €3k | €2k | €1k | €924 |
| Result before taxes | 9903 | €45k | €48k | €-3k | €4k |
| Income taxes | 67/77 | €12k | €13k | €982 | - |
| Net result for the period | 9904 | €33k | €34k | €-4k | €4k |
| Result to be appropriated | 9905 | €33k | €34k | €-4k | €4k |
Legal Structure
| NACE primary | Plumbing work(43221) |
| Legal form | Private limited company(610) |
| Incorporation | 27-01-2004 |
| Status | Active |
| Postal code | 7911 |
Establishment units
Eureka-Concept
since 20042.138.798.332
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51022A0215/00A002 | Wallonia | 2,555 m² | 1 · 170 m² | 6.8 m · 2 fl. |
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.
Updates
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
31-12
Financial
Equity above €100kEq €105k ▲48.3%
Equity rises from €71k to €105k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-4k ▼209%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
29-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of machinery and equipment not elsewhere classified28295Plumbing work4322145332
Names & trade names
| Legal nameFR | EUREKA-CONCEPT |
Similar companies
Jes-Technics
BE 0780.587.011 · Kalmthout
DELFRO
BE 0828.326.253 · Bierbeek
Demaco Piping
BE 0703.966.612 · Deinze
KETEL SERVICE
BE 0837.565.009 · Antwerpen
VAN GEEL PAUL
BE 0462.892.413 · Heist-op-den-Berg