ACTIVE

ECETIA FINANCES

Financial year 2025 · Closed on 31/12/2025

Net result-242,8 k €+13,9 %over 1 year
Gross margin-516,3 k €-0,7 %over 1 year
Equity3,3 M €-15,8 %over 1 year

Identity

Source · BCE/KBO

ECETIA FINANCES is a Cooperative society incorporated in 1929. Its main activity is: Other financial service activities, except insurance and pension funding n.e.c.. Its registered office is in Liège.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0203.978.726
Incorporation
30/12/1929
Legal form
Cooperative society
Registered office
Rue du Vertbois 11
4000 Liège · WallonieSee on map
Contributed capital
3 172 613,00 €
Latest accounts
31/12/2025
Contacts
1 public detail availableLog in to view
Signals
Good liquidity

Financials

Source · NBB, 48 filings

Trend over 16 financial years

20252024202320222021
Income statement
Gross margin-516,3 k €-512,8 k €-499,5 k €-516,3 k €-406,6 k €
EBITDA-517,3 k €-512,8 k €-499,8 k €-517,9 k €-407 k €
Operating result-517,3 k €-512,8 k €-499,8 k €-548 k €-407 k €
Net result-242,8 k €-281,9 k €-13 k €296,4 k €-1,1 M €
Balance sheet
Equity3,3 M €3,9 M €9,8 M €10,3 M €11,6 M €
Total assets26,2 M €28,4 M €47 M €50,5 M €55,5 M €
Cash2,5 M €1,4 M €3,8 M €1,3 M €3,6 M €
Debts22,7 M €24,1 M €37,2 M €40,1 M €43,9 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

19 active · 131 ended

Active mandates

ECETIA INTERCOMMUNALE

Director · since 24 juin 2025 · 0227.486.477

Represented by Bertrand Demonceau

Active
Géraldine Closset

Director · since 30 avril 2025 · until 24 juin 2025

Active
Cécile Firket

Vice-chairman of the board of directors · since 11 février 2025 · until 24 juin 2025

Active
Thomas Cialone

Director · since 11 février 2025 · until 24 juin 2025

Active
Isabelle Thomsin

Director · since 14 janvier 2025 · until 24 juin 2025

Active
Arnaud Frippiat

Director · since 06 octobre 2020 · until 24 juin 2025

Active
Fabien Beltran

Director · since 25 juin 2019 · until 24 juin 2025

Active
Julien Woolf

Director · since 25 juin 2019 · until 24 juin 2025

Active
Nadine Lach

Director · since 25 juin 2019 · until 24 juin 2025

Active
Robert Rouzeeuw

Director · since 25 juin 2019 · until 24 juin 2025

Active
Giuseppe Maniglia

Chairman of the board of directors · since 01 février 2019 · until 24 juin 2025

Active
Irwin Guckel

Director · since 22 janvier 2019 · until 24 juin 2025

Active
ETHIAS

Director · since 26 juin 2018 · until 24 juin 2025 · 0404.484.654

Represented by Jean-Michel Bourdoux

Active
Marcel Petry

Director · since 26 juin 2018 · until 24 juin 2025

Active
Nermin Cetin

Director · since 26 juin 2018 · until 24 juin 2025

Active
SPI

Director · since 26 juin 2018 · until 24 juin 2025 · 0204.259.135

Represented by Laurence Simon

Active
Ahmed Rasilli

Director · since 25 janvier 2018 · until 24 juin 2025

Active
Jean-Claude Peeters

Director · since 26 mars 2013 · until 24 juin 2025

Active
Elisabeth Callegari

Director · since 20 mars 2012 · until 30 avril 2025

Active

Ended mandates

Christine Defraigne

Vice-chairman of the board of directors · since 03 septembre 2024 · until 03 décembre 2024

Ended
Gilles Foret

Vice-chairman of the board of directors · since 14 février 2023 · until 10 juillet 2024

Ended
Gilles Foret

Vice-chairman of the board of directors · since 14 février 2023 · until 24 juin 2025

Ended
Denise Bohet

Director · since 25 juin 2019 · until 03 décembre 2024

Ended

Other companies at this address

Rue du Vertbois 11 4000 Liège
CompanyCBE no.
0687.731.087
0227.486.477
0847.025.180
EolSPI● Active
0798.649.203
G.S.● Active
0829.982.973
LIEGE ON LINE● Active
0461.688.524
0445.478.339
0450.994.372
0435.532.572
0873.260.316
SPI● Active
0204.259.135
T4T● Active
0799.844.974
Unité Ecetia● Active
0777.981.075

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/07/202623/10/202510/07/202428/06/202304/07/202213/07/2021
General meeting23/06/202624/06/202525/06/202427/06/202328/06/202222/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 48 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202523/06/202601/07/2026FrenchPDF
Abridged model31/12/202424/06/202523/10/2025FrenchPDF
Abridged model31/12/202325/06/202410/07/2024FrenchPDF
Abridged model31/12/202227/06/202328/06/2023FrenchPDF
Abridged model31/12/202128/06/202204/07/2022FrenchPDF
Abridged model31/12/202022/06/202113/07/2021FrenchPDF
Abridged model31/12/201923/06/202022/07/2020FrenchPDF
Abridged model31/12/201825/06/201922/07/2019FrenchPDF
Abridged model31/12/201726/06/201817/07/2018FrenchPDF
Full model31/12/201627/06/201728/06/2017FrenchPDF
Full model31/12/201528/06/201614/07/2016FrenchPDF
Full model31/12/201423/06/201510/07/2015FrenchPDF
Full model31/12/201324/06/201411/07/2014FrenchPDF
Full model31/12/201225/06/201304/07/2013FrenchPDF
Full model31/12/201126/06/201220/07/2012FrenchPDF
Full model31/12/201028/06/201119/07/2011FrenchPDF
Full model31/12/200922/06/201009/07/2010FrenchPDF
Full model31/12/200816/06/200918/06/2009FrenchPDF
Full model31/12/200724/06/200828/07/2008FrenchPDF
Full model31/12/200629/06/200731/07/2007FrenchPDF
Full model31/12/200530/06/200624/07/2006FrenchPDF
Full model31/12/200430/03/200502/08/2005FrenchPDF
Full model31/12/200330/06/200430/07/2004FrenchPDF
Abridged model31/12/200231/01/200302/05/2003FrenchPDF

View all 48 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

19 active · 131 ended

Active mandates

ECETIA INTERCOMMUNALE

Director · since 24 juin 2025 · 0227.486.477

Represented by Bertrand Demonceau

Active
Géraldine Closset

Director · since 30 avril 2025 · until 24 juin 2025

Active
Cécile Firket

Vice-chairman of the board of directors · since 11 février 2025 · until 24 juin 2025

Active
Thomas Cialone

Director · since 11 février 2025 · until 24 juin 2025

Active
Isabelle Thomsin

Director · since 14 janvier 2025 · until 24 juin 2025

Active
Arnaud Frippiat

Director · since 06 octobre 2020 · until 24 juin 2025

Active
Fabien Beltran

Director · since 25 juin 2019 · until 24 juin 2025

Active
Julien Woolf

Director · since 25 juin 2019 · until 24 juin 2025

Active
Nadine Lach

Director · since 25 juin 2019 · until 24 juin 2025

Active
Robert Rouzeeuw

Director · since 25 juin 2019 · until 24 juin 2025

Active
Giuseppe Maniglia

Chairman of the board of directors · since 01 février 2019 · until 24 juin 2025

Active
Irwin Guckel

Director · since 22 janvier 2019 · until 24 juin 2025

Active
ETHIAS

Director · since 26 juin 2018 · until 24 juin 2025 · 0404.484.654

Represented by Jean-Michel Bourdoux

Active
Marcel Petry

Director · since 26 juin 2018 · until 24 juin 2025

Active
Nermin Cetin

Director · since 26 juin 2018 · until 24 juin 2025

Active
SPI

Director · since 26 juin 2018 · until 24 juin 2025 · 0204.259.135

Represented by Laurence Simon

Active
Ahmed Rasilli

Director · since 25 janvier 2018 · until 24 juin 2025

Active
Jean-Claude Peeters

Director · since 26 mars 2013 · until 24 juin 2025

Active
Elisabeth Callegari

Director · since 20 mars 2012 · until 30 avril 2025

Active

Ended mandates

Christine Defraigne

Vice-chairman of the board of directors · since 03 septembre 2024 · until 03 décembre 2024

Ended
Gilles Foret

Vice-chairman of the board of directors · since 14 février 2023 · until 10 juillet 2024

Ended
Gilles Foret

Vice-chairman of the board of directors · since 14 février 2023 · until 24 juin 2025

Ended
Denise Bohet

Director · since 25 juin 2019 · until 03 décembre 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office13/02/2026
    SIEGE SOCIAL
    PDF
  • Mandates24/07/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/01/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/10/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Other19/01/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - OBJET
    PDF
  • Mandates03/03/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/05/2020
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-242,8 k €↑
  2. 24/06/2025
    autre
  3. 2024
    Annual accounts 2024-281,9 k €↓
  4. 2023
    Annual accounts 2023-13 k €↓
  5. 27/06/2023
    nominationJean NICOLET — Commissaire
  6. 14/02/2023
    nominationGilles FORET — administrateur et vice-Président du Conseil d'administration
  7. 2022
    Annual accounts 2022296,4 k €↑
  8. 2021
    Annual accounts 2021-1,1 M €↓
  9. 2020
    Annual accounts 2020226,4 k €↓
  10. 2019
    Annual accounts 2019
  11. 2016
    Annual accounts 20161,3 M €↑
  12. 2015
    Annual accounts 2015326,7 k €↓
  13. 2014
    Annual accounts 20146,3 M €↑
  14. 2013
    Annual accounts 20135,8 M €↓
  15. 2012
    Annual accounts 20127,5 M €↓
  16. 2011
    Annual accounts 20118,2 M €↑
  17. 2010
    Annual accounts 20108 M €↑
  18. 2009
    Annual accounts 20096,9 M €↓
  19. 2008
    Annual accounts 20088,3 M €
  20. 30/12/1929
    IncorporationCooperative society