ACTIVE

ECETIA FINANCES

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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

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
ECETIA INTERCOMMUNALE0227.486.477Represented by Bertrand Demonceau
Directorsince 24/06/2025
0
Géraldine Closset
Director30/04/2025 → 24/06/2025
Cécile Firket
Vice-chairman of the board of directors11/02/2025 → 24/06/2025
000
Thomas Cialone
Director11/02/2025 → 24/06/2025
Isabelle Thomsin
Director14/01/2025 → 24/06/2025
00
Arnaud Frippiat
Director06/10/2020 → 24/06/2025
0
Fabien Beltran
Director25/06/2019 → 24/06/2025
000
Julien Woolf
Director25/06/2019 → 24/06/2025
00
Nadine Lach
Director25/06/2019 → 24/06/2025
000
Robert Rouzeeuw
Director25/06/2019 → 24/06/2025
00
Giuseppe Maniglia
Chairman of the board of directors01/02/2019 → 24/06/2025
000
Irwin Guckel
Director22/01/2019 → 24/06/2025
0
ETHIAS0404.484.654Represented by Jean-Michel Bourdoux
Director26/06/2018 → 24/06/2025
0
Marcel Petry
Director26/06/2018 → 24/06/2025
00
Nermin Cetin
Director26/06/2018 → 24/06/2025
00
SPI0204.259.135Represented by Laurence Simon
Director26/06/2018 → 24/06/2025
0
Ahmed Rasilli
Director25/01/2018 → 24/06/2025
Jean-Claude Peeters
Director26/03/2013 → 24/06/2025
00
Elisabeth Callegari
Director20/03/2012 → 30/04/2025
00

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Christine Defraigne
Vice-chairman of the board of directors03/09/2024 → 03/12/2024
0
Gilles Foret
Vice-chairman of the board of directors14/02/2023 → 10/07/2024
00
Gilles Foret
Vice-chairman of the board of directors14/02/2023 → 24/06/2025
00
Denise Bohet
Director25/06/2019 → 03/12/2024

Other companies at this address

Rue du Vertbois 11 4000 Liège
CompanyCBE no.
BROCKAERT Comptabilité SCS● Active
0687.731.087
ECETIA INTERCOMMUNALE● Active
0227.486.477
Ecetia Real Estate● Active
0847.025.180
EolSPI● Active
0798.649.203
G.S.● Active
0829.982.973
LIEGE ON LINE● Active
0461.688.524
Maison de l'Urbanité● Active
0445.478.339
SOCIETE DE DEVELOPPEMENT DE LIEGE GUILLEMINS● Active
0450.994.372
SOCIETE DE RENOVATION ET D'ASSAINISSEMENT DES SITES INDUSTRIELS● Active
0435.532.572
SOCIETE LIEGEOISE DE GESTION FONCIERE● Active
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
m930-p31/12/200125/03/200222/04/2002FrenchPDF
m930-p31/12/200026/04/200117/05/2001FrenchPDF
m930-p31/12/199927/03/200029/03/2000FrenchPDF
m930-p31/12/199829/03/199930/03/1999FrenchPDF
m930-p31/12/199723/02/199810/03/1998French—
m930-p31/12/199627/02/199706/03/1997French—
m909-p31/12/199526/02/199619/03/1996French—
m909-p31/12/199427/02/199514/03/1995French—
m909-p31/12/199328/03/199429/03/1994French—
m909-p31/12/199229/03/199330/03/1993French—
m909-p31/12/199130/03/199228/04/1992French—
m909-p31/12/199025/03/199126/03/1991French—
m909-p31/12/198926/03/199027/03/1990French—
m909-p31/12/198820/03/198913/04/1989French—
m909-p31/12/198728/03/198831/03/1988French—
m909-p31/12/198630/03/198702/04/1987French—
m909-p31/12/198524/03/198617/04/1986French—
m909-p31/12/198425/03/198518/04/1985English—
m909-p31/12/198326/03/198412/04/1984English—
m909-p31/12/198201/01/999926/04/1983English—
m909-p31/12/198129/03/198202/04/1982English—
m909-p31/12/198001/01/999923/04/1981English—
m909-p31/12/197901/01/999922/12/1980English—
m909-p31/12/197801/01/999905/04/1979English—

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

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
ECETIA INTERCOMMUNALE0227.486.477Represented by Bertrand Demonceau
Directorsince 24/06/2025
0
Géraldine Closset
Director30/04/2025 → 24/06/2025
Cécile Firket
Vice-chairman of the board of directors11/02/2025 → 24/06/2025
000
Thomas Cialone
Director11/02/2025 → 24/06/2025
Isabelle Thomsin
Director14/01/2025 → 24/06/2025
00
Arnaud Frippiat
Director06/10/2020 → 24/06/2025
0
Fabien Beltran
Director25/06/2019 → 24/06/2025
000
Julien Woolf
Director25/06/2019 → 24/06/2025
00
Nadine Lach
Director25/06/2019 → 24/06/2025
000
Robert Rouzeeuw
Director25/06/2019 → 24/06/2025
00
Giuseppe Maniglia
Chairman of the board of directors01/02/2019 → 24/06/2025
000
Irwin Guckel
Director22/01/2019 → 24/06/2025
0
ETHIAS0404.484.654Represented by Jean-Michel Bourdoux
Director26/06/2018 → 24/06/2025
0
Marcel Petry
Director26/06/2018 → 24/06/2025
00
Nermin Cetin
Director26/06/2018 → 24/06/2025
00
SPI0204.259.135Represented by Laurence Simon
Director26/06/2018 → 24/06/2025
0
Ahmed Rasilli
Director25/01/2018 → 24/06/2025
Jean-Claude Peeters
Director26/03/2013 → 24/06/2025
00
Elisabeth Callegari
Director20/03/2012 → 30/04/2025
00

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Christine Defraigne
Vice-chairman of the board of directors03/09/2024 → 03/12/2024
0
Gilles Foret
Vice-chairman of the board of directors14/02/2023 → 10/07/2024
00
Gilles Foret
Vice-chairman of the board of directors14/02/2023 → 24/06/2025
00
Denise Bohet
Director25/06/2019 → 03/12/2024

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

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue du Vertbois 11, 4000 LiègeCurrent
accounts 2025 · CBE, tracked since 27/09/2026
Accounts 2025 · 2026-00248909
Rue Sainte-Marie 5, 4000 Liège
accounts 2021 → 2024
Accounts 2024 · 2025-00550244

Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.