EKATOV
ActiveSummary
EKATOV has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.56M and a net result of €1.61M. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 38% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability59▼-9
Solvency44▲+4
Growth69▼-3
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 3.37 against 2.4 in 2023; short-term debt: 29.6% and cash: 3.9% of total assets), but 81.2% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
18.8%
Return on assets
8.5%
Age of the figures
21 mo
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
30 d early
2022
26 d early
2021
18 d early
2020
24 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€33.27M▼ 2.8%
2023 · €34.23M
2018: €0
2019: €24.99M
2020: €28.21M
2021: €35.20M
2022: €38.27M
2023: €34.23M
2018 → 2024
EBIT margin
5.0%▼ 5.7pp
2023 · 10.8%
2019: -6.4%
2020: 2.0%
2021: 7.8%
2022: 15.3%
2023: 10.8%
2019 → 2024
Net result
€1.61M▼ 46.5%
2023 · €3.01M
2018: €70k
2019: €-1.61M
2020: €569k
2021: €2.05M
2022: €4.43M
2023: €3.01M
2018 → 2024
Working capital
€13.30M▼ 8.2%
2023 · €14.48M
2018: €4.40M
2019: €10.64M
2020: €11.70M
2021: €12.19M
2022: €10.80M
2023: €14.48M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€28.21M-€35.20M▲ 24.8%€38.27M▲ 8.7%€34.23M▼ 10.5%€33.27M▼ 2.8%
Equity€2.20M-€3.36M▲ 52.7%€3.79M▲ 13.0%€3.80M▲ 0.1%€3.56M▼ 6.4%
Operating result€560k-€2.74M▲ 390%€5.85M▲ 113%€3.68M▼ 37.0%€1.68M▼ 54.5%
Net result€569k-€2.05M▲ 260%€4.43M▲ 117%€3.01M▼ 32.2%€1.61M▼ 46.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 54% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18.91M
Fixed assets
€12k ▼ 23.6%
Current assets
€18.90M ▼ 23.9%
Equity and liabilities €18.91M
Equity
€3.56M ▼ 6.4%
Debt
€15.36M ▼ 27.0%
Debt's share of the balance-sheet total falls from 84.7% to 81.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
3.37▲
2023 · 2.40
Quick ratio
2.49▲
2023 · 1.94
Debt to equity
4.32▼
2023 · 5.54
ROE
45.2%▼
2023 · 79.2%
ROA
8.5%▼
2023 · 12.1%
Debt ≤ 1 year
€5.60M▼
2023 · €10.34M
Debt > 1 year
€8.70M▼
2023 · €9.50M
Income taxes
€563k▼
2023 · €1.02M
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 · 71 lines
Balance sheet
Code20232024
Assets
Total assets20/58€24.84M€18.91M▼
Fixed assets21/28€16k€12k▼
Financial fixed assets28€16k€12k▼
Other financial fixed assets284/8€16k€12k▼
Amounts receivable and cash guarantees285/8€16k€12k▼
Current assets29/58€24.83M€18.90M▼
Stocks and contracts in progress3€4.78M€4.93M▲
Stocks30/36€4.78M€4.93M▲
Property held for sale35€4.78M€4.93M▲
Amounts receivable within one year40/41€15.29M€11.80M▼
Trade receivables40€3.51M€3.81M▲
Other amounts receivable41€11.78M€7.99M▼
Cash at bank and in hand54/58€2.68M€734k▼
Deferred charges and accrued income490/1€2.08M€1.44M▼
Equity and liabilities
Total equity and liabilities10/49€24.84M€18.91M▼
Equity10/15€3.80M€3.56M▼
Contributions10/11€3.30M€3.30M=
Capital10€1.69M€1.69M=
Issued capital100€1.69M€1.69M=
Outside capital11€1.61M€1.61M=
Other1109/19€1.61M€1.61M=
Reserves13€169k€169k=
Non-distributable reserves130/1€169k€169k=
Legal reserve130€169k€169k=
Profit (loss) carried forward14€328k€86k▼
Amounts payable17/49€21.05M€15.36M▼
Amounts payable after more than one year17€9.50M€8.70M▼
Financial debts170/4€9.50M€8.70M▼
Credit institutions173€2.28M€1.83M▼
Other loans174€7.21M€6.87M▼
Amounts payable within one year42/48€10.34M€5.60M▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€883k€73k▼
Credit institutions430/8€883k€73k▼
Trade debts44€5.88M€5.03M▼
Suppliers440/4€5.88M€5.03M▼
Taxes, remuneration and social security45€584k€503k▼
Taxes450/3€584k€503k▼
Other amounts payable47/48€3.00M€0▼
Accrued charges and deferred income492/3€1.21M€1.06M▼
Income statement
Code20232024
Operating income70/76A€34.50M€24.90M▼
Turnover70€34.23M€33.27M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-845k€-9.86M▼
Other operating income74€1.11M€1.49M▲
Operating charges60/66A€30.81M€23.22M▼
Goods for resale, raw materials and consumables60€28.58M€20.52M▼
Purchases600/8€28.58M€20.52M▼
Services and other goods61€2.23M€2.70M▲
Other operating charges640/8€1k€5k▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€3.68M€1.68M▼
Financial income75/76B€397k€498k▲
Recurring financial income75€397k€498k▲
Income from current assets751€336k€304k▼
Other financial income752/9€61k€194k▲
Financial charges65/66B€51k€5k▼
Recurring financial charges65€51k€5k▼
Debt charges650€46k€0▼
Other financial charges652/9€5k€5k▼
Profit (loss) for the period before taxes9903€4.03M€2.17M▼
Income taxes67/77€1.02M€563k▼
Taxes670/3€1.03M€563k▼
Tax adjustments and reversals of tax provisions77€324€0▼
Profit (loss) for the period9904€3.01M€1.61M▼
Profit (loss) for the period to be appropriated9905€3.01M€1.61M▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.33M€1.94M▼
Profit (loss) brought forward from the previous period14P€322k€328k▲
Transfer to equity691/2€0-
To the legal reserve6920€0-
Profit to be distributed694/7€3.00M€1.85M▼
Return on contributions (dividend)694€3.00M€1.85M▼
The notes to these accounts (43 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
28-07
State Gazette act
Reappointments: Davy Demuynck, Kristof Vanfleteren and Paul ThiersMandate compensation7 facts ▸
State Gazette act
Reappointments: Davy Demuynck, Kristof Vanfleteren and Paul Thiers
Mandate compensation7 facts ▸
- General meeting, 09/06/2026
- Director reappointment, Davy Demuynck (director)
- Director reappointment, Kristof Vanfleteren (director)
- Director reappointment, Paul Thiers (director)
- Mandate compensation, Davy Demuynck
- Mandate compensation, Kristof Vanfleteren
- Mandate compensation, Paul Thiers
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €4.43M ▲117%
Operating result €5.85M, net result €4.43M, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €569k
Net result €569k after one loss-making year.
31-12
Financial
Equity above €2MEq €2.20M
Equity rises from €-472k to €2.20M.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-1.61M ▼2411%
Net result drops to €-1.61M, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26097244). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Davy DEMUYNCK
CurrentDirector · since 09-06-2026
Kristof VANFLETEREN
CurrentDirector · since 09-06-2026
THIERS Paul
CurrentDirector · since 09-06-2026
09-06-2026
Davy DEMUYNCK: Mandate renewed as Director
09-06-2026
Kristof VANFLETEREN: Mandate renewed as Director
09-06-2026
THIERS Paul: Mandate renewed as Director
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2012
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.
Vredestraat 538790 WaregemGround area
1.1 ha
Building footprint
581 m²
Volume, LiDAR
520 m³
Parcel 34452B1150/00A000, Flanders · tallest building 5.1 m. Linked by address, not a title deed.
1 establishment unit
EKATOV
since 20122.207.097.220
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 581 m² | 5.1 m |
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.
Structure & network
Connections & network
12 connected companiesLinked via shared directors
via Davy DEMUYNCK · Director
→
→
via Davy DEMUYNCK and Kristof VANFLETEREN · Non-statutory director
→
→
Show 8 more companies with a shared director
via Davy DEMUYNCK and Kristof VANFLETEREN · Director
→
via THIERS Paul · Permanent representative
→
via THIERS Paul · A4 bestuurder
→
→
→
via Davy DEMUYNCK and Kristof VANFLETEREN
→
via Davy DEMUYNCK · Permanent representative
→
via THIERS Paul · Independent director
former→
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 201,489 EUR awarded · 201,489 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 200,000 EUR |
| 2023 | 1 | 1,489 EUR | 1,489 EUR |
| 2022 | 1 | 200,000 EUR | 0 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
Onderzoekspremie voor beschermde monumenten en landschappen
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Of 1,292 companies in sector 68122 we hold annual accounts for 901. 425 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 formPublic limited company
Founded01-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.