ACTIVE

ECOLAB

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Financial year 2025 · closed on 30/11/2025

Net result

5,6 M €

+50.0% YoY

Revenue

48,6 M €

-4.0% YoY

Equity

93 M €

+6.4% YoY

Workforce

94,7 ETP

-0.6% YoY

What does ECOLAB do?

ECOLAB is a Private limited company incorporated in 1968. Its main activity is: Manufacture of soap and detergents, cleaning and polishing preparations. Its registered office is in Dilbeek. It employs on average 94,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.091.121

Incorporation

01/01/1968

Legal form

Private limited company

Registered office

Noordkustlaan 16C
1702 Dilbeek · FlandreSee on map

Contributed capital

97 089 849,23 €

Latest accounts

30/11/2025

Average workforce

94,7 ETP

Activities (NACE)

20412Manufacture of soap and detergents, cleaning and polishing preparations· main 20412Manufacture of soap and detergents, cleaning and polishing preparations 24512Casting of iron 46442Wholesale of china and glassware and cleaning materials 46442Wholesale of china and glassware and cleaning materials 46751Wholesale of chemical products+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2020		2019		2017		2016		2015		2014		2013
Income statement
Revenue	48,6 M €	-4.0%	50,6 M €	-4.4%	52,9 M €	+8.6%	48,7 M €	+10.1%	44,2 M €	+4.6%	42,3 M €	+7.1%	39,5 M €	-1.1%	40 M €	-6.3%	42,7 M €	+0.7%	42,4 M €	-0.1%	42,4 M €
EBITDA	3,4 M €	-20.3%	4,3 M €	+10.1%	3,9 M €	+79.1%	2,2 M €	-39.9%	3,6 M €	+25.9%	2,9 M €	-15.2%	3,4 M €	+8.5%	3,1 M €	+1.5%	3,1 M €	+5.1%	2,9 M €	+31.1%	2,2 M €
Operating result	2,1 M €	-29.1%	3 M €	+13.9%	2,6 M €	+120%	1,2 M €	-21.3%	1,5 M €	+175%	556,9 k €	-29.5%	789,9 k €	-5.0%	831,6 k €	-27.6%	1,1 M €	+24.2%	924,3 k €	+417%	178,7 k €
Net result	5,6 M €	+50.0%	3,7 M €	+58.0%	2,4 M €	-17.6%	2,9 M €	+457%	512,8 k €	-66.2%	1,5 M €	+8.8%	1,4 M €	+98.1%	703,5 k €	-92.7%	9,7 M €	+110%	4,6 M €	+62.1%	2,8 M €
Balance sheet
Equity	93 M €	+6.4%	87,4 M €	+4.4%	83,7 M €	+2.9%	81,4 M €	+57.2%	51,8 M €	+1.0%	51,2 M €	+11.0%	46,2 M €	+3.1%	44,8 M €	+1.6%	44,1 M €	-51.9%	91,7 M €	+5.3%	87,1 M €
Total assets	105,6 M €	+10.4%	95,7 M €	+2.5%	93,4 M €	+0.2%	93,2 M €	-11.5%	105,3 M €	-1.7%	107,1 M €	-0.5%	107,6 M €	-0.8%	108,5 M €	-3.0%	111,8 M €	-33.3%	167,6 M €	+5.2%	159,4 M €
Cash	–		–		–		–		–		135,2 k €	+26.4%	107 k €	-78.0%	485,2 k €	+187%	169,3 k €	+527%	27 k €	-86.3%	197,9 k €
Debts	9,4 M €	+73.9%	5,4 M €	-27.9%	7,5 M €	-26.3%	10,2 M €	-80.1%	51,3 M €	-3.6%	53,2 M €	-9.9%	59 M €	-4.7%	62 M €	-5.7%	65,7 M €	-11.0%	73,9 M €	+5.2%	70,2 M €
Other
Workforce	94,7 ETP	-0.6%	95,3 ETP	-5.0%	100,3 ETP	-4.7%	105,3 ETP	-2.1%	107,6 ETP	-3.2%	111,1 ETP	-6.3%	118,6 ETP	-2.2%	121,3 ETP	-3.5%	125,7 ETP	+4.0%	120,9 ETP	-1.8%	123,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 4 active · 19 ended

Active mandates

Martijn Jordans

Bestuurder · since 31 janvier 2025

Active

Sebastien Gillig

Bestuurder · since 10 juillet 2024

Active

Benoit Tournier

Bestuurder · since 31 octobre 2022 · until 31 janvier 2025

Active

Regis Massolin

Bestuurder · since 23 août 2022 · until 10 juillet 2024

Active

Ended mandates

Benoit Tournier

Bestuurder · since 31 octobre 2022

Ended

Benoit Tournier

Director · since 31 octobre 2022

Ended

Regis Massolin

Bestuurder · since 23 août 2022

Ended

Regis Massolin

Director · since 23 août 2022

Ended

At this address

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Papyrus Belgium Papier● Active	0426.246.407

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/05/2026	23/06/2025	10/05/2024	28/11/2023	07/06/2022	03/06/2021
General meeting	28/04/2026	30/04/2025	07/05/2024	31/05/2023	31/05/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

29 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/11/2025	28/04/2026	14/05/2026	Dutch	PDF
Full model	30/11/2024	30/04/2025	23/06/2025	Dutch	PDF
Full model	30/11/2023	07/05/2024	10/05/2024	Dutch	PDF
Full modelCorrection	30/11/2022	31/05/2023	28/11/2023	Dutch	PDF
Full modelCorrection	30/11/2022	31/05/2023	24/11/2023	Dutch	PDF
Full model	30/11/2022	31/05/2023	02/06/2023	Dutch	PDF
Full model	30/11/2021	31/05/2022	07/06/2022	Dutch	PDF
Full model	30/11/2020	31/05/2021	03/06/2021	Dutch	PDF
Full model	30/11/2019	02/10/2020	02/10/2020	Dutch	PDF
Full model	30/11/2018	18/06/2020	25/06/2020	Dutch	PDF
Full model	30/11/2017	30/04/2019	12/06/2019	Dutch	PDF
Full model	30/11/2016	26/06/2017	27/06/2017	Dutch	PDF
Full model	30/11/2015	20/06/2016	21/06/2016	Dutch	PDF
Full model	30/11/2014	12/06/2015	16/06/2015	Dutch	PDF
Full model	30/11/2013	28/05/2014	13/06/2014	Dutch	PDF
m121-f-p	31/12/2012	01/01/9999	10/10/2013	Dutch	PDF
Full model	30/11/2012	17/07/2013	25/07/2013	Dutch	PDF
m121-f-p	31/12/2011	01/01/9999	10/10/2013	Dutch	PDF
Full model	30/11/2011	22/03/2013	12/07/2013	Dutch	PDF
m121-f-p	31/12/2010	01/01/9999	29/05/2012	Dutch	PDF
Full model	30/11/2010	02/04/2012	29/05/2012	Dutch	PDF
m121-f-p	31/12/2009	01/01/9999	29/05/2012	Dutch	PDF
Full model	30/11/2009	02/04/2012	29/05/2012	Dutch	PDF
m121-f-p	31/12/2008	01/01/9999	31/08/2009	Dutch	PDF

View all 29 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Governance

Board of directors

Seen on filing of 30/11/2025 · 4 active · 19 ended

Active mandates

Martijn Jordans

Bestuurder · since 31 janvier 2025

Active

Sebastien Gillig

Bestuurder · since 10 juillet 2024

Active

Benoit Tournier

Bestuurder · since 31 octobre 2022 · until 31 janvier 2025

Active

Regis Massolin

Bestuurder · since 23 août 2022 · until 10 juillet 2024

Active

Ended mandates

Benoit Tournier

Bestuurder · since 31 octobre 2022

Ended

Benoit Tournier

Director · since 31 octobre 2022

Ended

Regis Massolin

Bestuurder · since 23 août 2022

Ended

Regis Massolin

Director · since 23 août 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2022
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20255,6 M €↑
21/05/2025
nominationAnnelies Deplancke — commissaris
31/01/2025
nominationMartijn Jordans — bestuurder
2024
Annual accounts 20243,7 M €↑
10/07/2024
nominationSébastien Jean-Marie T. Gillig — bestuurder
2023
Annual accounts 20232,4 M €↓
13/09/2023
nominationEvelien Touquet — volmachthouder
2022
Annual accounts 20222,9 M €↑
22/11/2022
nominationKatrien Van Durme — bijzonder gevolmachtigde
31/10/2022
nominationBenoit Tournier — bestuurder
23/08/2022
nominationRegis Franck Patrice Massolin — bestuurder
08/07/2022
reconductionPwC Bedrijfsrevisoren BV — commissaris
2020
Annual accounts 2020512,8 k €↓
2019
Annual accounts 20191,5 M €↑
2017
Annual accounts 20171,4 M €↑
2016
Annual accounts 2016703,5 k €↓
2015
Annual accounts 20159,7 M €↑
2014
Annual accounts 20144,6 M €↑
2013
Annual accounts 20132,8 M €
01/01/1968
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ECOLAB

Overview

What does ECOLAB do?

Trend over 11 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline