Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 10.6 to 6.5.
Financials
Financial year 2025
ECO-STAR from Aartselaar, company number BE0502407936, closed financial year 2025 with a result of € 45,315 after tax. For that financial year ECO-STAR recorded a gross margin of € 484,528 and equity of € -168,958. Compared with financial year 2024, the result moved from € -230,355 to € 45,315. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ -168,958
▲ € 45,315 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 45,315
▲ still € 230,355 loss in 2024
Profit after tax over the fiscal year.
€ 24,184
▲ € 22,319 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -175,158.
People and assets in 2025
6.5
▼ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 356,509
▼ 29% vs 2024
€ 54,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 6,438
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 116,565
▼ 45% vs 2024
€ 14,202 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 417,744
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 265,502
▲ 107% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 736,819 | € 526,376 | € 358,807 | € 484,528 | ▲ 35% |
| Profit after taxes | € 120,184 | € -372,586 | € -230,355 | € 45,315 | ▲ € 275,671 |
| Equity | € 388,668 | € 16,082 | € -214,273 | € -168,958 | ▲ € 45,315 |
| Total debts | € 669,055 | € 1,006,548 | € 944,284 | € 799,815 | ▼ 15% |
| Cash | € 33,273 | € 9,023 | € 1,865 | € 24,184 | ▲ € 22,319 |
| Retained profit | € 382,468 | € 9,882 | € -220,473 | € -175,158 | ▲ € 45,315 |
| Bank debt | € 175,013 | € 341,127 | € 212,096 | € 116,565 | ▼ 45% |
| Balance sheet total | € 1,057,723 | € 1,022,630 | € 730,011 | € 630,857 | ▼ 14% |
| Employees (FTE) | 9.5 | 10.6 | 9 | 6.5 | ▼ 2.5 |
Key figures of ECO-STAR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ECO-STAR?
What happened at ECO-STAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 45,315. Source: NBB ↗
- Mattelle BV became a director. NBB
- Walter Braeken became a director. NBB
- Belgiums Finest BV became a director. NBB
- New establishment in Aartselaar. KBO
- Start of the company according to the CBE. KBO
In short
From € 120,184 profit in 2022 to € 45,315 profit in 2025.
Paid € 90,677 in corporate taxes since 2022.
Best year ever: 2022, with € 120,184 profit.
On average € 74,500 of value added per employee in 2025.
Management
Behind ECO-STAR are Mattelle BV, Walter Braeken and Belgiums Finest BV.
Directors
According to the 2025 annual accounts
Director · represented by Braeken Toon
since 2023
Walter Braeken
Director
since 2023
Director · represented by Braeken Ken
since 2023
Establishments
Establishment units
Physical locations of this company
Boomsesteenweg 12 box 2
2630 Aartselaar
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →MARC MOYAERT
€ 103,159 gross margin · 2025
VAN EECKHOUT DANNY
€ 105,296 gross margin · 2025
CenEnergy
€ 7.1 million revenue · 2025
RIMANO INDUSTRIE
BTI SERVICE
€ 94,682 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0502.407.936
- VAT number
- BE 0502.407.936
- Registered office
- Boomsesteenweg 12 bus 2, 2630 Aartselaar
- Names & denominations
- ECO-STAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 January 2013
- Peppol
- Active · Active since 23 Oct 2025
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Reparatie en onderhoud van producten van metaal
Sanitaire werkzaamheden