ACTIVE

E.C.O.

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Financial year 2024 · closed on 31/12/2024

Net result

146,7 k €

+63.6% YoY

Gross margin

281 k €

+37.9% YoY

Equity

122,9 k €

-55.5% YoY

Workforce

3,6 ETP

+16.1% YoY

What does E.C.O. do?

E.C.O. is a Public limited company incorporated in 1989. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Ixelles. It employs on average 3,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.884.229

Incorporation

03/07/1989

Legal form

Public limited company

Registered office

Chaussée de Vleurgat 320
1050 Ixelles · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

3,6 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 51190Passenger air transport 43221Plumbing, heat and air-conditioning installation+4

Contacts

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Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2009		2008		2007		2006
Income statement
Gross margin	281 k €	+37.9%	203,8 k €	+94.0%	105 k €	-14.2%	122,4 k €	+7.8%	113,6 k €	+92.5%	59 k €	+40.2%	42,1 k €	+7.1%	39,3 k €	-69.2%	127,4 k €	+291%	32,6 k €	-49.3%	64,3 k €	+1374%	4,4 k €	-63.0%	11,8 k €	+3906%	-309,7 €	+87.3%	-2,4 k €
EBITDA	214,5 k €	+54.6%	138,8 k €	+185%	48,8 k €	-30.1%	69,8 k €	+61.8%	43,2 k €	-5.7%	45,8 k €	+148%	18,5 k €	+13.2%	16,3 k €	-83.2%	97,3 k €	+671%	12,6 k €	-78.2%	57,9 k €	+1282%	4,2 k €	-63.9%	11,6 k €	+2314%	-524,5 €	+81.8%	-2,9 k €
Operating result	197 k €	+66.4%	118,4 k €	+365%	25,5 k €	-51.9%	53 k €	+40.1%	37,8 k €	-0.7%	38,1 k €	+314%	9,2 k €	+88.6%	4,9 k €	-94.5%	88 k €	+2450%	3,5 k €	-92.9%	48,7 k €	+3169%	1,5 k €	-83.3%	8,9 k €	+343%	-3,7 k €	+39.8%	-6,1 k €
Net result	146,7 k €	+63.6%	89,7 k €	+552%	13,8 k €	-67.5%	42,3 k €	+69.9%	24,9 k €	-11.8%	28,2 k €	+362%	6,1 k €	+329%	1,4 k €	-98.4%	87,6 k €	+5382%	1,6 k €	-94.2%	27,3 k €	+1775%	1,5 k €	-84.3%	9,3 k €	+354%	-3,7 k €	+65.9%	-10,7 k €
Balance sheet
Equity	122,9 k €	-55.5%	276,2 k €	+48.1%	186,5 k €	+8.0%	172,7 k €	+32.4%	130,4 k €	+23.6%	105,5 k €	+36.5%	77,3 k €	+8.6%	71,1 k €	-50.4%	143,4 k €	+157%	55,8 k €	+2.9%	54,2 k €	+67.9%	32,3 k €	+4.7%	30,8 k €	+43.0%	21,6 k €	-14.5%	25,2 k €
Total assets	798,7 k €	+18.9%	671,7 k €	-2.6%	689,9 k €	-37.5%	1,1 M €	+190%	380,8 k €	-9.6%	421,3 k €	+49.9%	281,1 k €	-5.3%	297 k €	+15.2%	257,7 k €	+39.4%	184,8 k €	-12.6%	211,5 k €	+246%	61,1 k €	+96.1%	31,2 k €	+16.1%	26,8 k €	-66.7%	80,6 k €
Cash	282 k €	-38.2%	456,6 k €	+2.0%	447,8 k €	+84.0%	243,3 k €	+58.4%	153,7 k €	+25.0%	122,9 k €	-8.5%	134,3 k €	+88.0%	71,4 k €	+173%	26,2 k €	+9.6%	23,9 k €	+55.4%	15,4 k €	+37627%	40,8 €	+66.3%	24,5 €	-68.8%	78,6 €	-76.6%	335,5 €
Debts	664,1 k €	+67.9%	395,6 k €	-21.4%	503,5 k €	-45.9%	931,1 k €	+272%	250,4 k €	-19.1%	309,7 k €	+59.4%	194,3 k €	-11.1%	218,6 k €	+91.2%	114,3 k €	-11.4%	129,1 k €	-5.3%	136,3 k €	+373%	28,8 k €	+8409%	338,8 €	-93.6%	5,3 k €	-90.4%	55,4 k €
Other
Workforce	3,6 ETP	+16.1%	3,1 ETP	+14.8%	2,7 ETP		–		–		–		–		–		–		1,0 ETP	+900%	0,1 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 7 ended

Active mandates

Geoffrey LETIZIA

Managing director · since 01 janvier 2012

Active

Mihaela BOBEICA

Director · since 15 avril 2011

Active

Ended mandates

Geoffrey LETIZIA

Managing director · since 01 janvier 2012 · until 01 janvier 2024

Ended

GEOFFREY LETIZIA

Manager · since 01 janvier 2012

Ended

GEOFFREY LETIZIA

Manager · since 01 janvier 2010

Ended

ALEXIS CUPER

Director

Ended

At this address

Other companies at this address

Company	CBE no.
ALEXIMMO● Active	0452.306.446
DOMENICA SG● Active	1038.429.540
OFUITE● Active	0629.914.535

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	26/09/2025	31/08/2024	31/08/2023	29/12/2022	31/08/2021	30/11/2020
General meeting	23/09/2025	30/08/2024	31/08/2023	17/10/2022	30/06/2021	09/10/2020
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
Abridged model	31/12/2024	23/09/2025	26/09/2025	French	PDF
Abridged model	31/12/2023	30/08/2024	31/08/2024	French	PDF
Abridged model	31/12/2022	31/08/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	17/10/2022	29/12/2022	French	PDF
Micro model	31/12/2020	30/06/2021	31/08/2021	French	PDF
Micro model	31/12/2019	09/10/2020	30/11/2020	French	PDF
Micro model	31/12/2018	31/07/2019	29/08/2019	French	PDF
Micro model	31/12/2017	31/07/2018	30/09/2018	French	PDF
Micro model	31/12/2016	31/05/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	30/09/2016	French	PDF
Abridged model	31/12/2014	31/07/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	22/08/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	06/09/2013	French	PDF
Abridged model	31/12/2011	31/07/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	28/06/2011	26/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	08/07/2009	29/07/2009	French	PDF
Abridged model	31/12/2007	24/07/2008	26/08/2008	French	PDF
Abridged model	31/12/2006	31/07/2007	29/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 7 ended

Active mandates

Geoffrey LETIZIA

Managing director · since 01 janvier 2012

Active

Mihaela BOBEICA

Director · since 15 avril 2011

Active

Ended mandates

Geoffrey LETIZIA

Managing director · since 01 janvier 2012 · until 01 janvier 2024

Ended

GEOFFREY LETIZIA

Manager · since 01 janvier 2012

Ended

GEOFFREY LETIZIA

Manager · since 01 janvier 2010

Ended

ALEXIS CUPER

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates30/05/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates05/09/2012
DEMISSIONS, NOMINATIONS
PDF
Restructuring22/03/2012
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring23/12/2011
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Mandates06/07/2011
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates18/06/2010
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
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 2024146,7 k €↑
2023
Annual accounts 202389,7 k €↑
2022
Annual accounts 202213,8 k €↓
2021
Annual accounts 202142,3 k €↑
2020
Annual accounts 202024,9 k €↓
2019
Annual accounts 201928,2 k €↑
2018
Annual accounts 20186,1 k €↑
2017
Annual accounts 20171,4 k €↓
2016
Annual accounts 201687,6 k €↑
2015
Annual accounts 20151,6 k €↓
2014
Annual accounts 201427,3 k €↑
2009
Annual accounts 20091,5 k €↓
2008
Annual accounts 20089,3 k €↑
2007
Annual accounts 2007-3,7 k €↑
2006
Annual accounts 2006-10,7 k €
03/07/1989
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

E.C.O.

Overview

What does E.C.O. do?

Trend over 15 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