ACTIVE

ECOPOWER

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Financial year 2025 · closed on 31/12/2025

Net result

5,4 M €

+703.5% YoY

Revenue

71,9 M €

+30.8% YoY

Equity

66,1 M €

+4.7% YoY

Workforce

48,2 ETP

+1.9% YoY

What does ECOPOWER do?

ECOPOWER is a Cooperative society incorporated in 1991. Its main activity is: Production of electricity. Its registered office is in Antwerpen. It employs on average 48,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.389.356

Incorporation

18/10/1991

Legal form

Cooperative society

Registered office

Posthoflei 3 box 3
2600 Antwerpen · FlandreSee on map

Contributed capital

61 338 000,00 €

Latest accounts

31/12/2025

Average workforce

48,2 ETP

Activities (NACE)

35110Production of electricity· main 35120Transmission of electricity 64999Other financial service activities, except insurance and pension funding n.e.c.64999Other financial service activities, except insurance and pension funding n.e.c.65236Reinsurance

Joint committees (3)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	71,9 M €	+30.8%	55 M €	-15.0%	64,7 M €	-17.6%	78,4 M €	+81.6%	43,2 M €	+21.2%	35,6 M €	-2.2%	36,4 M €	+0.2%	36,3 M €	-4.4%	38 M €	+2.4%	37,1 M €	+27.0%	29,2 M €	+19.7%	24,4 M €	-5.0%	25,7 M €	+6.8%	24,1 M €	+24.0%	19,4 M €	+33.1%	14,6 M €	-12.7%	16,7 M €	+67.3%	10 M €	+32.6%	7,5 M €	+20.3%	6,3 M €
EBITDA	12,9 M €	+245%	3,7 M €	-56.5%	8,6 M €	+51.5%	5,7 M €	+243%	1,7 M €	-81.8%	9,1 M €	+23.2%	7,4 M €	+31.3%	5,6 M €	-20.6%	7,1 M €	-11.5%	8 M €	+21.9%	6,6 M €	+32.5%	5 M €	+16.3%	4,3 M €	+31.4%	3,2 M €	+32.4%	2,5 M €	+10.6%	2,2 M €	+13.7%	1,9 M €	-14.9%	2,3 M €	+1.0%	2,3 M €	+39.1%	1,6 M €
Operating result	5,4 M €	+466%	-1,5 M €	-171%	2,1 M €	+198%	700,8 k €	+116%	-4,3 M €	-239%	3,1 M €	+123%	1,4 M €	+195%	-1,5 M €	-229%	1,1 M €	-50.0%	2,3 M €	+30.5%	1,7 M €	+28.0%	1,4 M €	+152%	538,5 k €	+1474%	34,2 k €	-94.7%	644,8 k €	-28.2%	897,6 k €	+15.2%	779,3 k €	-33.8%	1,2 M €	-4.0%	1,2 M €	+56.4%	783,8 k €
Net result	5,4 M €	+704%	-894,2 k €	-135%	2,6 M €	+153%	1 M €	+125%	-4,1 M €	-226%	3,3 M €	+118%	1,5 M €	+220%	-1,3 M €	-194%	1,3 M €	-45.5%	2,4 M €	+25.6%	1,9 M €	+14.0%	1,7 M €	+71.7%	990,3 k €	+315%	238,6 k €	-77.8%	1,1 M €	-19.1%	1,3 M €	+5.0%	1,3 M €	-13.9%	1,5 M €	+4.3%	1,4 M €	+39.0%	1 M €
Balance sheet
Equity	66,1 M €	+4.7%	63,1 M €	-1.7%	64,2 M €	+1.0%	63,6 M €	+3.8%	61,2 M €	-2.7%	62,9 M €	+2.9%	61,1 M €	+3.4%	59,1 M €	+0.8%	58,6 M €	+3.8%	56,5 M €	+2.6%	55,1 M €	+1.3%	54,4 M €	+2.3%	53,2 M €	+3.2%	51,5 M €	+17.7%	43,8 M €	+26.4%	34,7 M €	+38.1%	25,1 M €	+49.5%	16,8 M €	+36.3%	12,3 M €	+40.9%	8,7 M €
Total assets	94,8 M €	+8.6%	87,3 M €	+2.4%	85,2 M €	+8.5%	78,5 M €	+8.0%	72,7 M €	-1.5%	73,8 M €	-1.4%	74,8 M €	-0.2%	75 M €	-3.6%	77,8 M €	-5.9%	82,7 M €	-1.5%	83,9 M €	+25.7%	66,8 M €	+0.9%	66,2 M €	+5.8%	62,6 M €	+15.9%	53,9 M €	+21.0%	44,6 M €	+35.4%	32,9 M €	+38.9%	23,7 M €	+47.7%	16,1 M €	+26.7%	12,7 M €
Cash	1,2 M €	+15.0%	1 M €	+15.1%	879,5 k €	+25.9%	698,3 k €	-89.0%	6,4 M €	+442%	1,2 M €	-38.5%	1,9 M €	-71.1%	6,6 M €	+323%	1,6 M €	-42.6%	2,7 M €	+5663%	47,4 k €	-14.4%	55,3 k €	-76.7%	237,9 k €	-50.6%	481,1 k €	+65.7%	290,4 k €	-96.3%	7,8 M €	+1958%	379,5 k €	-63.7%	1 M €	+585%	152,6 k €	-82.8%	885 k €
Debts	24,8 M €	+17.6%	21,1 M €	+16.6%	18,1 M €	+38.7%	13 M €	+27.0%	10,3 M €	+6.1%	9,7 M €	-23.7%	12,7 M €	-17.5%	15,4 M €	-15.0%	18,1 M €	-25.2%	24,2 M €	-8.1%	26,3 M €	+133%	11,3 M €	-8.4%	12,3 M €	+20.9%	10,2 M €	+6.4%	9,6 M €	+3.2%	9,3 M €	+30.0%	7,1 M €	+9.7%	6,5 M €	+103%	3,2 M €	-4.4%	3,3 M €
Other
Workforce	48,2 ETP	+1.9%	47,3 ETP	-10.6%	52,9 ETP	+10.4%	47,9 ETP	+5.3%	45,5 ETP	+7.6%	42,3 ETP	+3.9%	40,7 ETP	+7.1%	38,0 ETP	+9.8%	34,6 ETP	+6.1%	32,6 ETP	+7.2%	30,4 ETP	+20.2%	25,3 ETP	+8.6%	23,3 ETP	+12.0%	20,8 ETP	+11.8%	18,6 ETP	+11.4%	16,7 ETP	+25.6%	13,3 ETP	+23.1%	10,8 ETP	+11.3%	9,7 ETP	+44.8%	6,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 36 ended

Active mandates

Antony Van der Hauwaert

Director · since 29 avril 2023 · until 28 avril 2029

Active

Bram Leys

Chairman of the board of directors · since 29 avril 2023 · until 28 avril 2029

Active

Gabriëlle Van Zoeren

Director · since 29 avril 2023 · until 28 avril 2029

Active

Greet De Gueldre

Director · since 29 avril 2023 · until 28 avril 2029

Active

Kathleen Markey

Director · since 29 avril 2023 · until 28 avril 2029

Active

Tom Willems

Director · since 29 avril 2023 · until 28 avril 2029

Active

Ended mandates

Heleen Schockaert

Director · since 29 avril 2023 · until 28 avril 2029

Ended

Gabrielle Van Zoeren

Director · since 25 janvier 2022 · until 08 avril 2023

Ended

Greet De Geuldre

Director · since 25 janvier 2022 · until 08 avril 2023

Ended

Greet De Gueldre

Director · since 25 janvier 2022 · until 08 avril 2023

Ended

At this address

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De Maatschap Coöperatieve zonnepanelen Vlaams-Brabant via VEB● Active	0799.631.178
De Maatschap Ecopower-Brupower (VEB)● Active	0799.634.643
De Maatschap Ecopower - PajoPower PV Tervuren● Active	0753.541.827
De Maatschap Ecopower- PajoPower PV via VEB’● Active	0753.543.807
Ecopower - Bronsgroen PV via VEB● Active	0766.785.889
Ecopower - ECoOB● Active	0745.649.985
Ecopower - ZuidtrAnt - Zonnewind - Campina Energie● Active	0766.786.087
EnergieID● Active	0562.861.306
LEE HECHT HARRISON● Active	0427.150.980
Maatschap Burgerenergie Antwerpen VEB● Active	1039.246.914
Maatschap Burgerenergie Limburg VEB● Active	1039.238.697
Maatschap Burgerenergie Vlaams-Brabant VEB● Active	1039.246.617
REScoop.Vlaanderen● Active	0629.767.055
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Van Ameyde Services Belgium● Active	0827.610.532

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	01/01/2025	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	05/05/2026	09/05/2025	21/05/2024	01/09/2023	19/05/2022	07/06/2021
General meeting	25/04/2026	26/04/2025	27/04/2024	29/04/2023	30/04/2022	10/04/2021
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?

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/04/2026	05/05/2026	Dutch	PDF
Full model	31/12/2024	26/04/2025	09/05/2025	Dutch	PDF
Full model	31/12/2023	27/04/2024	21/05/2024	Dutch	PDF
Full modelCorrection	31/12/2022	29/04/2023	01/09/2023	Dutch	PDF
Full model	31/12/2022	29/04/2023	22/05/2023	Dutch	PDF
Full model	31/12/2021	30/04/2022	19/05/2022	Dutch	PDF
Full model	31/12/2020	10/04/2021	07/06/2021	Dutch	PDF
Full model	31/12/2019	11/04/2020	19/05/2020	Dutch	PDF
Full model	31/12/2018	13/04/2019	30/04/2019	Dutch	PDF
Full model	31/12/2017	14/04/2018	30/04/2018	Dutch	PDF
Full model	31/12/2016	08/04/2017	05/05/2017	Dutch	PDF
Full model	31/12/2015	09/04/2016	10/05/2016	Dutch	PDF
Full model	31/12/2014	11/04/2015	30/04/2015	Dutch	PDF
Full model	31/12/2013	12/04/2014	12/05/2014	Dutch	PDF
Full model	31/12/2012	13/04/2013	03/05/2013	Dutch	PDF
Full model	31/12/2011	14/04/2012	16/05/2012	Dutch	PDF
Full model	31/12/2010	09/04/2011	04/05/2011	Dutch	PDF
Full model	31/12/2009	10/04/2010	07/05/2010	Dutch	PDF
Full model	31/12/2008	11/04/2009	11/05/2009	Dutch	PDF
Full model	31/12/2007	12/04/2008	16/05/2008	Dutch	PDF
Abridged model	31/12/2006	14/04/2007	10/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 6 active · 36 ended

Active mandates

Antony Van der Hauwaert

Director · since 29 avril 2023 · until 28 avril 2029

Active

Bram Leys

Chairman of the board of directors · since 29 avril 2023 · until 28 avril 2029

Active

Gabriëlle Van Zoeren

Director · since 29 avril 2023 · until 28 avril 2029

Active

Greet De Gueldre

Director · since 29 avril 2023 · until 28 avril 2029

Active

Kathleen Markey

Director · since 29 avril 2023 · until 28 avril 2029

Active

Tom Willems

Director · since 29 avril 2023 · until 28 avril 2029

Active

Ended mandates

Heleen Schockaert

Director · since 29 avril 2023 · until 28 avril 2029

Ended

Gabrielle Van Zoeren

Director · since 25 janvier 2022 · until 08 avril 2023

Ended

Greet De Geuldre

Director · since 25 janvier 2022 · until 08 avril 2023

Ended

Greet De Gueldre

Director · since 25 janvier 2022 · until 08 avril 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other21/05/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL
PDF
Mandates07/02/2020
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 20255,4 M €↑
26/04/2025
reconductionMOORE AUDIT — commissaris
2024
Annual accounts 2024-894,2 k €↓
2023
Annual accounts 20232,6 M €↑
29/04/2023
nominationGreet De Gueldre — bestuurder
29/04/2023
nominationAntony Van der Hauwaert — bestuurder
29/04/2023
nominationBram Leys — bestuurder
29/04/2023
nominationKathleen Markey — bestuurder
29/04/2023
nominationHeleen Schockaert — bestuurder
29/04/2023
nominationErwin Storms — bestuurder
29/04/2023
nominationTom Willems — bestuurder
29/04/2023
nominationGabriëlle van Zoeren — bestuurder
2022
Annual accounts 20221 M €↑
30/04/2022
nominationMOORE AUDIT — commissaris
2021
Annual accounts 2021-4,1 M €↓
02/12/2021
nominationGreet De Gueldre — bestuurder
02/12/2021
nominationGabrielle Van Zoeren — bestuurder
28/09/2021
nominationMarie Bossyns — bestuurder
28/09/2021
nominationBram Leys — bestuurder
2020
Annual accounts 20203,3 M €↑
2019
Annual accounts 20191,5 M €↑
2018
Annual accounts 2018-1,3 M €↓
2017
Annual accounts 20171,3 M €↓
18/09/2017
nominationLuc Vermeeren — voorzitter van het bestuursorgaan
2016
Annual accounts 20162,4 M €↑
2015
Annual accounts 20151,9 M €↑
2014
Annual accounts 20141,7 M €↑
2013
Annual accounts 2013990,3 k €↑
2012
Annual accounts 2012238,6 k €↓
2011
Annual accounts 20111,1 M €↓
2010
Annual accounts 20101,3 M €↑
2009
Annual accounts 20091,3 M €↓
2008
Annual accounts 20081,5 M €↑
2007
Annual accounts 20071,4 M €↑
2006
Annual accounts 20061 M €
18/10/1991
IncorporationCooperative society

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

ECOPOWER

Overview

What does ECOPOWER do?

Trend over 20 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