ACTIVE

ECS

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Financial year 2024 · closed on 31/12/2024

Net result

4,6 k €

-5.0% YoY

Gross margin

124,8 k €

+32.0% YoY

Equity

271,3 k €

+1.7% YoY

What does ECS do?

ECS is a Private limited company incorporated in 1985. Its main activity is: Electrical installation. Its registered office is in Wevelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.115.942

Incorporation

28/02/1985

Legal form

Private limited company

Registered office

Veldstraat 121
8560 Wevelgem · FlandreSee on map

Contributed capital

37 500,00 €

Latest accounts

31/12/2024

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories

Joint committees (2)

14901
200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	124,8 k €	+32.0%	94,5 k €	-23.0%	122,7 k €	-17.8%	149,2 k €	+562%	-32,3 k €	-114%	228,5 k €	+20.0%	190,4 k €	-2.0%	194,3 k €	-13.3%	224,2 k €	+7.0%	209,4 k €	+3.2%	203 k €	-5.2%	214,1 k €	-4.5%	224,3 k €	+3.4%	217 k €	+21.9%	178 k €	-4.4%	186,2 k €	-3.8%	193,7 k €	-30.8%	279,7 k €	+17.2%	238,7 k €
EBITDA	25 k €	-1.0%	25,2 k €	-24.4%	33,3 k €	-37.6%	53,4 k €	+152%	-103,5 k €	-250%	69 k €	+34.8%	51,2 k €	+15.5%	44,3 k €	-19.7%	55,2 k €	+0.4%	55 k €	+2.6%	53,6 k €	-4.6%	56,2 k €	-9.2%	61,8 k €	-2.6%	63,5 k €	-8.4%	69,3 k €	+11.6%	62,1 k €	+29.6%	47,9 k €	-6.8%	51,4 k €	+23.3%	41,7 k €
Operating result	15,6 k €	-1.5%	15,8 k €	-33.7%	23,8 k €	-19.7%	29,7 k €	+125%	-118,3 k €	-464%	32,5 k €	-2.9%	33,5 k €	+37.5%	24,3 k €	-40.0%	40,6 k €	-5.4%	42,9 k €	-6.3%	45,8 k €	-5.2%	48,3 k €	-6.4%	51,6 k €	+13.2%	45,6 k €	-12.0%	51,8 k €	+25.4%	41,3 k €	+54.5%	26,7 k €	-27.2%	36,7 k €	+24.9%	29,4 k €
Net result	4,6 k €	-5.0%	4,8 k €	-64.7%	13,7 k €	+39.1%	9,9 k €	+107%	-136,6 k €	-85093%	160,8 €	-97.3%	6 k €	+47.7%	4,1 k €	-31.9%	6 k €	+17.0%	5,1 k €	-31.9%	7,5 k €	+43.7%	5,2 k €	+27.5%	4,1 k €	-40.8%	6,9 k €	-61.8%	18,1 k €	+19.0%	15,2 k €	+121%	6,9 k €	+21.1%	5,7 k €	+4.4%	5,4 k €
Balance sheet
Equity	271,3 k €	+1.7%	266,7 k €	+1.9%	261,8 k €	+5.5%	248,1 k €	+4.1%	238,2 k €	+12.2%	212,3 k €	+0.1%	212,2 k €	+2.9%	206,2 k €	+2.0%	202,1 k €	+3.1%	196,1 k €	+2.7%	191 k €	+4.1%	183,4 k €	+2.9%	178,2 k €	+2.4%	174,1 k €	+4.1%	167,2 k €	+12.2%	149 k €	+11.4%	133,8 k €	+5.4%	126,9 k €	+4.7%	121,2 k €
Total assets	486,9 k €	-2.4%	499 k €	-7.7%	540,8 k €	+10.5%	489,3 k €	-3.5%	506,8 k €	+14.9%	441,3 k €	-21.5%	562,2 k €	+5.8%	531,6 k €	-12.5%	607,5 k €	-11.4%	685,6 k €	+7.0%	641 k €	-0.2%	642,4 k €	+3.8%	618,9 k €	+3.2%	599,5 k €	+10.1%	544,7 k €	+4.1%	523,2 k €	+22.8%	426 k €	-0.6%	428,5 k €	+18.8%	360,7 k €
Cash	19,2 k €	+156%	7,5 k €	-60.0%	18,8 k €	-3.3%	19,5 k €	+100%	9,7 k €	-58.7%	23,5 k €	-32.5%	34,9 k €	+65.2%	21,1 k €	+19.8%	17,6 k €	-27.9%	24,4 k €	+25.0%	19,5 k €	-2.2%	20 k €	+116%	9,2 k €	+9.9%	8,4 k €	+5.9%	7,9 k €	+67.9%	4,7 k €	-76.3%	19,9 k €	+296%	5 k €	-32.7%	7,5 k €
Debts	214 k €	-7.9%	232,4 k €	-16.7%	279 k €	+15.6%	241,3 k €	-10.2%	268,6 k €	+17.4%	228,9 k €	-34.6%	350 k €	+7.6%	325,4 k €	-19.7%	405,5 k €	-17.2%	489,5 k €	+8.8%	450,1 k €	-1.9%	459 k €	+4.1%	440,7 k €	+3.6%	425,4 k €	+12.7%	377,5 k €	+0.9%	374,2 k €	+28.0%	292,2 k €	-3.1%	301,6 k €	+26.0%	239,4 k €
Other
Workforce	–		–		–		–		–		2,6 ETP	-35.0%	4,0 ETP	0.0%	4,0 ETP	-20.0%	5,0 ETP	+25.0%	4,0 ETP	0.0%	4,0 ETP	+33.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+50.0%	2,0 ETP	-33.3%	3,0 ETP	0.0%	3,0 ETP	-25.0%	4,0 ETP	-20.0%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 4 ended

Active mandates

Luc Soubry

Mandate

Active

Rik Cinjaere

Mandate

Active

Ended mandates

Luc Soubry

Manager

Ended

Luc SOUBRY

Director

Ended

Rik Cinjaere

Director

Ended

Rik Cinjaere

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/09/2025	24/06/2024	26/07/2023	01/02/2023	09/12/2021	18/12/2020
General meeting	22/09/2025	24/06/2024	26/06/2023	29/08/2022	29/11/2021	20/11/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	22/09/2025	27/09/2025	Dutch	PDF
Micro model	31/12/2023	24/06/2024	24/06/2024	Dutch	PDF
Micro model	31/12/2022	26/06/2023	26/07/2023	Dutch	PDF
Micro model	31/12/2021	29/08/2022	01/02/2023	Dutch	PDF
Micro model	31/12/2020	29/11/2021	09/12/2021	Dutch	PDF
Abridged model	31/12/2019	20/11/2020	18/12/2020	Dutch	PDF
Abridged model	31/12/2018	22/06/2019	23/12/2019	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	14/12/2018	Dutch	PDF
Abridged model	31/12/2016	17/06/2017	05/02/2018	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	28/09/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	21/10/2015	Dutch	PDF
Abridged model	31/12/2013	21/06/2014	17/11/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	07/10/2013	Dutch	PDF
Abridged model	31/12/2011	23/06/2012	27/11/2012	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	26/06/2010	09/02/2011	Dutch	PDF
Abridged model	31/12/2008	05/09/2009	20/01/2010	Dutch	PDF
Abridged model	31/12/2007	06/09/2008	26/01/2009	Dutch	PDF
Abridged model	31/12/2006	25/08/2007	16/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2024 · 2 active · 4 ended

Active mandates

Luc Soubry

Mandate

Active

Rik Cinjaere

Mandate

Active

Ended mandates

Luc Soubry

Manager

Ended

Luc SOUBRY

Director

Ended

Rik Cinjaere

Director

Ended

Rik Cinjaere

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/09/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/03/2021
MAATSCHAPPELIJKE ZETEL - DIVERSEN
PDF
Registered office22/02/2021
MAATSCHAPPELIJKE ZETEL
PDF
Registered office26/04/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/11/2006
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2024
Annual accounts 20244,6 k €↓
2023
Annual accounts 20234,8 k €↓
2022
Annual accounts 202213,7 k €↑
2021
Annual accounts 20219,9 k €↑
2020
Annual accounts 2020-136,6 k €↓
2019
Annual accounts 2019160,8 €↓
2018
Annual accounts 20186 k €↑
2017
Annual accounts 20174,1 k €↓
2016
Annual accounts 20166 k €↑
2015
Annual accounts 20155,1 k €↓
2014
Annual accounts 20147,5 k €↑
2013
Annual accounts 20135,2 k €↑
2012
Annual accounts 20124,1 k €↓
2011
Annual accounts 20116,9 k €↓
2010
Annual accounts 201018,1 k €↑
2009
Annual accounts 200915,2 k €↑
2008
Annual accounts 20086,9 k €↑
2007
Annual accounts 20075,7 k €↑
2006
Annual accounts 20065,4 k €
28/02/1985
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

ECS

Overview

What does ECS do?

Trend over 19 financial years

Indicative valuation

Board of directors

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