ACTIVE

ECA

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

2,1 M €

-84.0% YoY

Revenue

14,4 M €

+35.3% YoY

Equity

140,2 M €

+0.5% YoY

Workforce

75,2 ETP

-18.1% YoY

What does ECA do?

ECA is a Public limited company incorporated in 1981. Its registered office is in Assenede. It employs on average 75,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.923.670

Incorporation

30/09/1981

Legal form

Public limited company

Registered office

Trieststraat 38
9960 Assenede · FlandreSee on map

Contributed capital

52 128 291,96 €

Latest accounts

31/12/2025

Average workforce

75,2 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Revenue	14,4 M €	+35.3%	10,7 M €	-22.4%	13,7 M €	-27.7%	19 M €	+31.4%	14,4 M €	+24.4%	11,6 M €	+3.5%	11,2 M €	+1.0%	11,1 M €	-6.5%	11,9 M €	+0.5%	11,8 M €	+18.8%	10 M €	+29.8%	7,7 M €	+13.6%	6,8 M €	-14.4%	7,9 M €	+6.0%	7,4 M €	+26.2%	5,9 M €		–		–		6,5 M €
EBITDA	-846 k €	+33.5%	-1,3 M €	+29.9%	-1,8 M €	+47.8%	-3,5 M €	+3.6%	-3,6 M €	-283%	2 M €	-34.5%	3 M €	-3.4%	3,1 M €	-66.2%	9,2 M €	+325%	2,2 M €	+41.0%	1,5 M €	+2.9%	1,5 M €	-26.7%	2 M €	+24.0%	1,6 M €	+35.2%	1,2 M €	-19.6%	1,5 M €	+63.6%	920,8 k €	+11.3%	827,2 k €	-17.9%	1 M €
Operating result	-2,1 M €	+44.7%	-3,7 M €	+24.1%	-4,9 M €	+29.6%	-7 M €	-25.5%	-5,6 M €	-1479%	403 k €	-56.9%	935,4 k €	-18.4%	1,1 M €	-83.6%	7 M €	+2881%	233,8 k €	+217%	-200,3 k €	-456%	-36 k €	-106%	636,4 k €	+27.2%	500,3 k €	+31.9%	379,2 k €	-59.3%	930,9 k €	+58.9%	586 k €	+103%	289,3 k €	-66.5%	863,3 k €
Net result	2,1 M €	-84.0%	12,8 M €	+358%	-5 M €	+29.5%	-7 M €	-26.9%	-5,5 M €	-1170%	518,1 k €	-75.3%	2,1 M €	+7.2%	2 M €	-77.2%	8,6 M €	+1058%	739,7 k €	-94.8%	14,3 M €	+559%	2,2 M €	-33.7%	3,3 M €	-58.6%	7,9 M €	-6.1%	8,4 M €	-53.9%	18,3 M €	+199%	-18,4 M €	-419%	5,8 M €	+28.6%	4,5 M €
Balance sheet
Equity	140,2 M €	+0.5%	139,5 M €	+5.9%	131,6 M €	-3.6%	136,6 M €	-4.9%	143,6 M €	-3.7%	149,2 M €	+0.3%	148,7 M €	+1.4%	146,6 M €	+1.4%	144,6 M €	+3.4%	139,9 M €	-5.3%	147,7 M €	-34.2%	224,5 M €	+0.4%	223,5 M €	+2.4%	218,3 M €	+1.8%	214,5 M €	+3.5%	207,3 M €	+11.4%	186,1 M €	+16.5%	159,7 M €	+3.6%	154,2 M €
Total assets	149,6 M €	+1.8%	147 M €	+1.5%	144,8 M €	-3.8%	150,5 M €	-3.5%	155,9 M €	-3.5%	161,5 M €	-0.1%	161,7 M €	+1.3%	159,6 M €	-2.9%	164,4 M €	+0.9%	162,9 M €	-2.1%	166,4 M €	-28.3%	232,1 M €	+0.4%	231,1 M €	+4.1%	222 M €	+0.6%	220,7 M €	+3.3%	213,5 M €	+10.7%	192,8 M €	+16.6%	165,4 M €	+3.3%	160,2 M €
Cash	7,8 M €	+565%	1,2 M €	-54.5%	2,6 M €	-35.2%	4 M €	-38.5%	6,5 M €	+18.1%	5,5 M €	-76.7%	23,6 M €	+271%	6,3 M €	+183%	2,2 M €	-67.7%	6,9 M €	+379%	1,4 M €	-82.3%	8,2 M €	+18.0%	6,9 M €	+1085%	586,5 k €	+19.6%	490,2 k €	-54.9%	1,1 M €	+2884%	36,4 k €	-99.9%	29,8 M €	-58.5%	71,9 M €
Debts	8,9 M €	+25.4%	7,1 M €	-42.9%	12,5 M €	-7.1%	13,5 M €	+12.5%	12 M €	+0.4%	11,9 M €	-6.1%	12,7 M €	-0.3%	12,7 M €	-34.4%	19,4 M €	-14.6%	22,7 M €	+24.2%	18,3 M €	+160%	7 M €	+1.0%	7 M €	+126%	3,1 M €	-44.5%	5,5 M €	-1.4%	5,6 M €	+15.4%	4,9 M €	+23.1%	4 M €	-6.0%	4,2 M €
Other
Workforce	75,2 ETP	-18.1%	91,8 ETP	-19.5%	114,0 ETP	-9.7%	126,2 ETP	-2.0%	128,8 ETP	+4.2%	123,6 ETP	+0.2%	123,4 ETP	-3.5%	127,9 ETP	-2.1%	130,7 ETP	+15.6%	113,1 ETP	+4.3%	108,4 ETP	+6.8%	101,5 ETP	-2.4%	104,0 ETP	-11.8%	117,9 ETP	-6.5%	126,1 ETP	-12.4%	143,9 ETP	+1655%	8,2 ETP	0.0%	8,2 ETP	-91.3%	94,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 22 ended

Active mandates

Nichri

Director · since 16 avril 2024 · until 21 juin 2030 · 1006.685.004

Represented by Nicky Christiaen

Active

ELCA

Managing director · since 02 juin 2020 · until 21 juin 2030 · 0452.374.148

Represented by Luc Christiaen

Active

Martine Christiaen

Managing director · since 29 mai 2018 · until 21 juin 2030

Active

Ended mandates

ELCA

Managing director · since 02 juin 2020 · until 27 mai 2024 · 0452.374.148

Represented by Luc Christiaen

Ended

Luc Christiaen

Managing director · since 29 mai 2018 · until 02 juin 2020

Ended

Luc Christiaen

Managing director · since 29 mai 2018 · until 27 mai 2024

Ended

Martine Christiaen

Managing director · since 29 mai 2018 · until 27 mai 2024

Ended

At this address

Other companies at this address

Company	CBE no.
Buro Benton● Active	0757.904.649
CHOKKA● Active	0835.893.243
FIGURE COMPANY● Active	0847.691.710
HASIMMO● Bankrupt	0476.000.378
LICA LOGISTICS & SERVICES● Bankrupt	0825.348.155
Lippens Projects● Active	0659.683.241
PLASSCHAERT - DE SMET PROJECTS● Active	0805.300.730
QBC● Bankrupt	0669.673.548
Qbis● Active	1032.047.336
Sport Level● Active	1020.319.640
TAILOR MADE SERVICES● Active	0879.481.875
VZW RESTO MEETJESLAND● Active	0475.141.632

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	m120-f-p
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/07/2026	05/08/2025	15/07/2024	31/08/2023	22/06/2022	15/09/2021
General meeting	19/06/2026	04/07/2025	27/06/2024	31/08/2023	23/05/2022	16/08/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

39 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	14/07/2026	Dutch	PDF
Full model	31/12/2024	04/07/2025	05/08/2025	Dutch	PDF
m120-f-p	31/12/2024	04/07/2025	29/08/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	15/07/2024	Dutch	PDF
m120-f-p	31/12/2023	27/06/2024	15/07/2024	Dutch	PDF
Full model	31/12/2022	31/08/2023	31/08/2023	Dutch	PDF
m120-f-p	31/12/2022	19/10/2023	30/11/2023	Dutch	PDF
Full model	31/12/2021	23/05/2022	22/06/2022	Dutch	PDF
m120-f-p	31/12/2021	28/06/2022	09/09/2022	Dutch	PDF
Full model	31/12/2020	25/05/2021	23/06/2021	Dutch	PDF
m120-f-p	31/12/2020	16/08/2021	15/09/2021	Dutch	PDF
Full model	31/12/2019	25/05/2020	25/06/2020	Dutch	PDF
m120-f-p	31/12/2019	30/10/2020	17/12/2020	Dutch	PDF
Full model	31/12/2018	21/05/2019	20/06/2019	Dutch	PDF
m120-f-p	31/12/2018	21/05/2019	20/06/2019	Dutch	PDF
Full model	31/12/2017	28/05/2018	21/06/2018	Dutch	PDF
m120-f-p	31/12/2017	28/05/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	22/05/2017	29/05/2017	Dutch	PDF
m120-f-p	31/12/2016	22/05/2017	30/05/2017	Dutch	PDF
Full model	31/12/2015	13/06/2016	11/07/2016	Dutch	PDF
m120-f-p	31/12/2015	13/06/2016	11/07/2016	Dutch	PDF
Full model	31/12/2014	26/05/2015	24/06/2015	Dutch	PDF
m120-f-p	31/12/2014	26/05/2015	24/06/2015	Dutch	PDF
Full model	31/12/2013	26/05/2014	25/06/2014	Dutch	PDF

View all 39 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/12/2025 · 3 active · 22 ended

Active mandates

Nichri

Director · since 16 avril 2024 · until 21 juin 2030 · 1006.685.004

Represented by Nicky Christiaen

Active

ELCA

Managing director · since 02 juin 2020 · until 21 juin 2030 · 0452.374.148

Represented by Luc Christiaen

Active

Martine Christiaen

Managing director · since 29 mai 2018 · until 21 juin 2030

Active

Ended mandates

ELCA

Managing director · since 02 juin 2020 · until 27 mai 2024 · 0452.374.148

Represented by Luc Christiaen

Ended

Luc Christiaen

Managing director · since 29 mai 2018 · until 02 juin 2020

Ended

Luc Christiaen

Managing director · since 29 mai 2018 · until 27 mai 2024

Ended

Martine Christiaen

Managing director · since 29 mai 2018 · until 27 mai 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares18/09/2024
KAPITAAL - AANDELEN
PDF
Mandates17/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ALGEMENE VERGADERING
PDF
Mandates16/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2018
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 20252,1 M €↓
2024
Annual accounts 202412,8 M €↑
28/08/2024
reduction_capital
16/04/2024
nominationChristiaen Martine — Bestuurder
16/04/2024
nominationLuc Christiaen — Bestuurder
16/04/2024
nominationNicky Christiaen — Bestuurder
2023
Annual accounts 2023-5 M €↑
2022
Annual accounts 2022-7 M €↓
2021
Annual accounts 2021-5,5 M €↓
2020
Annual accounts 2020518,1 k €↓
2019
Annual accounts 20192,1 M €↑
2018
Annual accounts 20182 M €↓
2017
Annual accounts 20178,6 M €↑
2016
Annual accounts 2016739,7 k €↓
2015
Annual accounts 201514,3 M €↑
2014
Annual accounts 20142,2 M €↓
2013
Annual accounts 20133,3 M €↓
2011
Annual accounts 20117,9 M €↓
2010
Annual accounts 20108,4 M €↓
2009
Annual accounts 200918,3 M €↑
2008
Annual accounts 2008-18,4 M €↓
2007
Annual accounts 20075,8 M €↑
2006
Annual accounts 20064,5 M €
30/09/1981
IncorporationPublic 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

ECA

Overview

What does ECA do?

Trend over 19 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