ACTIVE

EUROPEAN COMMERCIAL UNION

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Financial year 2025 · Closed on 31/12/2025

Net result26 k €+158,4 %over 1 year
Gross margin27,1 k €+161,1 %over 1 year
Equity106,6 k €+32,2 %over 1 year

Identity

Source · BCE/KBO

EUROPEAN COMMERCIAL UNION is a European economic assoc with registered seat in Belgium incorporated in 1991. Its main activity is: Agents specialised in the sale of other particular products. Its registered office is in Watermael-Boitsfort.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0445.619.186
Incorporation
15/10/1991
Legal form
European economic assoc with registered seat in Belgium
Registered office
Avenue Emile Van Becelaere 28A/44
1170 Watermael-Boitsfort · BruxellesSee on map
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin27,1 k €-44,3 k €17,6 k €5,8 k €17,7 k €
EBITDA27,1 k €-44,3 k €17,6 k €5,8 k €17,7 k €
Operating result27,1 k €-44,3 k €17,6 k €5,8 k €17,6 k €
Net result26 k €-44,5 k €17,2 k €5,5 k €17,6 k €
Balance sheet
Equity106,6 k €80,6 k €125,1 k €107,9 k €102,4 k €
Total assets120,3 k €134,9 k €132,1 k €129,3 k €140,5 k €
Cash64,5 k €86,9 k €77 k €74,2 k €86,6 k €
Debts13,8 k €54,3 k €1,1 k €21,4 k €38,1 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 18 ended

Active mandates

Hervé MUS

Director · since 22 décembre 2020

Active
Magnus ANDERSSON

Director · since 22 décembre 2020

Active

Ended mandates

Christophe ROUX

Director · since 08 novembre 2018 · until 22 décembre 2020

Ended
Christophe ROUX

Director · since 08 novembre 2018

Ended
Christophe ROUX

Manager · since 08 novembre 2018

Ended
Hervé STAMFELJ

Manager · since 05 juin 2013

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
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 date26/06/202602/07/202522/07/202413/07/202312/12/202224/12/2021
General meeting22/06/202623/06/202503/06/202420/06/202302/12/202222/12/2021
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, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202522/06/202626/06/2026FrenchPDF
Micro model31/12/202423/06/202502/07/2025FrenchPDF
Micro model31/12/202303/06/202422/07/2024FrenchPDF
Micro model31/12/202220/06/202313/07/2023FrenchPDF
Micro model31/12/202102/12/202212/12/2022FrenchPDF
Micro model31/12/202022/12/202124/12/2021FrenchPDF
Micro model31/12/201922/12/202023/12/2020FrenchPDF
Micro model31/12/201830/10/201914/11/2019FrenchPDF
Micro model31/12/201708/11/201820/11/2018FrenchPDF
Micro model31/12/201613/10/201707/03/2018FrenchPDF
Abridged model31/12/201518/08/201631/08/2016FrenchPDF
Abridged model31/12/201403/09/201505/08/2016FrenchPDF
Abridged model31/12/201308/10/201403/08/2016FrenchPDF
Abridged model31/12/201205/06/201319/11/2013FrenchPDF
Abridged model31/12/201105/06/201319/11/2013FrenchPDF
Abridged model31/12/201005/06/201319/11/2013FrenchPDF
Abridged model31/12/200811/09/200930/12/2009FrenchPDF
Abridged model31/12/200711/09/200930/12/2009FrenchPDF
Abridged model31/12/200611/09/200930/12/2009FrenchPDF
Abridged model31/12/200523/11/200629/03/2007FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 18 ended

Active mandates

Hervé MUS

Director · since 22 décembre 2020

Active
Magnus ANDERSSON

Director · since 22 décembre 2020

Active

Ended mandates

Christophe ROUX

Director · since 08 novembre 2018 · until 22 décembre 2020

Ended
Christophe ROUX

Director · since 08 novembre 2018

Ended
Christophe ROUX

Manager · since 08 novembre 2018

Ended
Hervé STAMFELJ

Manager · since 05 juin 2013

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates18/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/05/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/05/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office06/01/2022
    SIEGE SOCIAL
    PDF
  • Registered office13/10/2021
    SIEGE SOCIAL
    PDF
  • Mandates30/06/2021
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates08/07/2019
    DEMISSIONS, NOMINATIONS
    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 202526 k €↑
  2. 2024
    Annual accounts 2024-44,5 k €↓
  3. 2023
    Annual accounts 202317,2 k €↑
  4. 2022
    Annual accounts 20225,5 k €↓
  5. 2021
    Annual accounts 202117,6 k €↓
  6. 2020
    Annual accounts 202018,8 k €↑
  7. 2019
    Annual accounts 201915,2 k €↓
  8. 2018
    Annual accounts 201816,4 k €↑
  9. 2017
    Annual accounts 2017-8,7 k €↓
  10. 2016
    Annual accounts 20166,9 k €↑
  11. 2015
    Annual accounts 2015-2,2 k €↓
  12. 2014
    Annual accounts 201411,8 k €↓
  13. 2013
    Annual accounts 201333,7 k €↑
  14. 2012
    Annual accounts 2012-2,5 k €↑
  15. 2011
    Annual accounts 2011-2,9 k €↓
  16. 2010
    Annual accounts 20102,2 k €↑
  17. 2008
    Annual accounts 2008-16,3 k €↓
  18. 2007
    Annual accounts 2007-8,7 k €↓
  19. 2006
    Annual accounts 200615,5 k €
  20. 15/10/1991
    IncorporationEuropean economic assoc with registered seat in Belgium