ACTIVE

ECA

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Financial year 2025 · Closed on 31/12/2025

Net result2,1 M €-84,0 %over 1 year
Revenue14,4 M €+35,3 %over 1 year
Equity140,2 M €+0,5 %over 1 year
Workforce75,2 ETP-18,1 %over 1 year

Identity

Source · BCE/KBO

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)
  • 109
  • 215
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 39 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue14,4 M €10,7 M €13,7 M €19 M €14,4 M €
EBITDA-846 k €-1,3 M €-1,8 M €-3,5 M €-3,6 M €
Operating result-2,1 M €-3,7 M €-4,9 M €-7 M €-5,6 M €
Net result2,1 M €12,8 M €-5 M €-7 M €-5,5 M €
Balance sheet
Equity140,2 M €139,5 M €131,6 M €136,6 M €143,6 M €
Total assets149,6 M €147 M €144,8 M €150,5 M €155,9 M €
Cash7,8 M €1,2 M €2,6 M €4 M €6,5 M €
Debts8,9 M €7,1 M €12,5 M €13,5 M €12 M €
Other
Workforce75,2 ETP91,8 ETP114,0 ETP126,2 ETP128,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 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

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Trieststraat 38 9960 Assenede
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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
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 date14/07/202605/08/202515/07/202431/08/202322/06/202215/09/2021
General meeting19/06/202604/07/202527/06/202431/08/202323/05/202216/08/2021
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, 39 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202519/06/202614/07/2026DutchPDF
Full model31/12/202404/07/202505/08/2025DutchPDF
Consolidated accounts31/12/202404/07/202529/08/2025DutchPDF
Full model31/12/202327/06/202415/07/2024DutchPDF
Consolidated accounts31/12/202327/06/202415/07/2024DutchPDF
Full model31/12/202231/08/202331/08/2023DutchPDF
Consolidated accounts31/12/202219/10/202330/11/2023DutchPDF
Full model31/12/202123/05/202222/06/2022DutchPDF
Consolidated accounts31/12/202128/06/202209/09/2022DutchPDF
Full model31/12/202025/05/202123/06/2021DutchPDF
Consolidated accounts31/12/202016/08/202115/09/2021DutchPDF
Full model31/12/201925/05/202025/06/2020DutchPDF
Consolidated accounts31/12/201930/10/202017/12/2020DutchPDF
Full model31/12/201821/05/201920/06/2019DutchPDF
Consolidated accounts31/12/201821/05/201920/06/2019DutchPDF
Full model31/12/201728/05/201821/06/2018DutchPDF
Consolidated accounts31/12/201728/05/201825/06/2018DutchPDF
Full model31/12/201622/05/201729/05/2017DutchPDF
Consolidated accounts31/12/201622/05/201730/05/2017DutchPDF
Full model31/12/201513/06/201611/07/2016DutchPDF
Consolidated accounts31/12/201513/06/201611/07/2016DutchPDF
Full model31/12/201426/05/201524/06/2015DutchPDF
Consolidated accounts31/12/201426/05/201524/06/2015DutchPDF
Full model31/12/201326/05/201425/06/2014DutchPDF
Consolidated accounts31/12/201326/05/201426/06/2014DutchPDF
Full model31/12/201227/05/201312/06/2013DutchPDF
Consolidated accounts31/12/201227/05/201312/06/2013DutchPDF
Full model31/12/201129/05/201222/06/2012DutchPDF
Consolidated accounts31/12/201129/05/201225/06/2012DutchPDF
Full model31/12/201023/05/201117/06/2011DutchPDF
Consolidated accounts31/12/201023/05/201120/06/2011DutchPDF
Full model31/12/200925/05/201021/06/2010DutchPDF
Consolidated accounts31/12/200925/05/201021/06/2010DutchPDF
Full model31/12/200825/05/200923/06/2009DutchPDF
Consolidated accounts31/12/200825/05/200923/06/2009DutchPDF
Full model31/12/200726/05/200816/06/2008DutchPDF
Consolidated accounts31/12/200726/05/200825/06/2008DutchPDF
Full model31/12/200629/05/200725/06/2007DutchPDF
Consolidated accounts31/12/200601/01/999922/06/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 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

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates04/08/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • 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

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 20252,1 M €↓
  2. 2024
    Annual accounts 202412,8 M €↑
  3. 28/08/2024
    reduction_capital
  4. 16/04/2024
    nominationChristiaen Martine — Bestuurder
  5. 16/04/2024
    nominationLuc Christiaen — Bestuurder
  6. 16/04/2024
    nominationNicky Christiaen — Bestuurder
  7. 2023
    Annual accounts 2023-5 M €↑
  8. 2022
    Annual accounts 2022-7 M €↓
  9. 2021
    Annual accounts 2021-5,5 M €↓
  10. 2020
    Annual accounts 2020518,1 k €↓
  11. 2019
    Annual accounts 20192,1 M €↑
  12. 2018
    Annual accounts 20182 M €↓
  13. 2017
    Annual accounts 20178,6 M €↑
  14. 2016
    Annual accounts 2016739,7 k €↓
  15. 2015
    Annual accounts 201514,3 M €↑
  16. 2014
    Annual accounts 20142,2 M €↓
  17. 2013
    Annual accounts 20133,3 M €↓
  18. 2011
    Annual accounts 20117,9 M €↓
  19. 2010
    Annual accounts 20108,4 M €↓
  20. 2009
    Annual accounts 200918,3 M €↑
  21. 2008
    Annual accounts 2008-18,4 M €↓
  22. 2007
    Annual accounts 20075,8 M €↑
  23. 2006
    Annual accounts 20064,5 M €
  24. 30/09/1981
    IncorporationPublic limited company