ACTIVE

ECHO ALFA NOVEMBER (SA)

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Financial year 2026 · closed on 28/02/2026

Net result

6,6 k €

-94.0% YoY

Gross margin

15,2 k €

-86.5% YoY

Equity

-187,7 k €

+3.4% YoY

What does ECHO ALFA NOVEMBER do?

ECHO ALFA NOVEMBER is a Public limited company incorporated in 1992. Its main activity is: Passenger air transport. Its registered office is in Erpe-Mere.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.774.575

Incorporation

01/03/1992

Legal form

Public limited company

Registered office

Ottergemdorp 56
9420 Erpe-Mere · FlandreSee on map

Contributed capital

61 999,51 €

Latest accounts

28/02/2026

Activities (NACE)

51100Passenger air transport· main 51100Passenger air transport 62200Computer programming, consultancy and related activities

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	15,2 k €	-86.5%	112,8 k €	+582%	-23,4 k €	-1487%	1,7 k €	-95.7%	39,5 k €	+1303%	-3,3 k €	-110%	31,3 k €	-16.9%	37,7 k €	+48.9%	25,3 k €	+38.4%	18,3 k €	-61.6%	47,7 k €	+84.1%	25,9 k €	+396%	-8,8 k €	-155%	16,1 k €	-2.8%	16,5 k €	-62.5%	44 k €	+405%	8,7 k €	-76.6%	37,3 k €	+41.7%	26,3 k €	+64.0%	16 k €
EBITDA	15,1 k €	-86.6%	112,2 k €	+564%	-24,2 k €	-2322%	1,1 k €	-97.2%	39,5 k €	+1154%	-3,8 k €	-112%	30,6 k €	-16.7%	36,8 k €	+46.0%	25,2 k €	+41.8%	17,8 k €	-62.5%	47,4 k €	+86.4%	25,4 k €	+368%	-9,5 k €	-159%	15,9 k €	-2.8%	16,4 k €	-61.8%	42,9 k €	+399%	8,6 k €	-76.9%	37,2 k €	+44.3%	25,7 k €	+60.6%	16 k €
Operating result	15,1 k €	-86.6%	112,2 k €	+436%	-33,4 k €	-5.4%	-31,7 k €	-447%	9,1 k €	+128%	-32,3 k €	-1628%	2,1 k €	-85.9%	15 k €	+292%	3,8 k €	+243%	-2,7 k €	-169%	3,9 k €	+176%	1,4 k €	+104%	-32,5 k €	-561%	-4,9 k €	-178%	6,3 k €	+114%	-44 k €	-260%	-12,2 k €	-175%	16,3 k €	+259%	4,6 k €	+3005%	146,6 €
Net result	6,6 k €	-94.0%	109,5 k €	+424%	-33,8 k €	-4.1%	-32,4 k €	-733%	5,1 k €	+116%	-32,5 k €	-11661%	281 €	-97.8%	12,9 k €	+1899%	647 €	+112%	-5,2 k €	-571%	1,1 k €	+154%	-2 k €	+94.4%	-36,4 k €	-355%	-8 k €	-277%	4,5 k €	+110%	-45,9 k €	-214%	-14,6 k €	-208%	13,6 k €	+1848%	696,6 €	-94.1%	11,8 k €
Balance sheet
Equity	-187,7 k €	+3.4%	-194,3 k €	-394%	66,2 k €	-33.8%	99,9 k €	-24.5%	132,4 k €	+4.0%	127,2 k €	-20.3%	159,7 k €	+0.2%	159,5 k €	+8.8%	146,5 k €	+0.4%	145,9 k €	-3.5%	151,1 k €	+0.7%	150 k €	-1.3%	152 k €	-19.3%	188,5 k €	-4.1%	196,5 k €	+2.4%	192 k €	-19.3%	237,9 k €	-5.8%	252,5 k €	+5.7%	238,9 k €	+0.3%	238,2 k €
Total assets	278,4 €	-96.1%	7,2 k €	-98.5%	468,2 k €	-4.0%	488 k €	-7.8%	529,1 k €	+3.2%	512,6 k €	-9.7%	568 k €	-3.7%	589,8 k €	+1.0%	583,9 k €	+12.6%	518,7 k €	-3.3%	536,1 k €	-0.6%	539,1 k €	-0.8%	543,2 k €	-4.2%	567,3 k €	+23.7%	458,5 k €	-0.4%	460,5 k €	-18.3%	563,4 k €	-3.8%	585,6 k €	-7.4%	632,1 k €	+24.7%	506,8 k €
Cash	17,3 €	-94.6%	320,6 €	-92.3%	4,2 k €	+986%	385,5 €	-77.9%	1,7 k €	+14.5%	1,5 k €	-89.3%	14,3 k €	+1851%	730,9 €	-25.7%	984,1 €	+109%	471,8 €	-65.9%	1,4 k €	-82.8%	8,1 k €	+141%	3,3 k €	-82.8%	19,5 k €	+1892%	979,1 €	-35.2%	1,5 k €	-43.2%	2,7 k €	-85.3%	18,1 k €	-25.1%	24,2 k €	+13.5%	21,3 k €
Debts	188 k €	-6.7%	201,5 k €	-49.9%	402 k €	+3.6%	388 k €	-2.2%	396,8 k €	+3.0%	385,4 k €	-5.6%	408,2 k €	-5.1%	430,4 k €	-1.6%	437,3 k €	+17.3%	372,8 k €	-3.2%	385 k €	-1.0%	389,1 k €	-0.5%	391,1 k €	+3.3%	378,8 k €	+44.5%	262,1 k €	-2.4%	268,5 k €	-17.5%	325,5 k €	-2.3%	333,1 k €	-15.3%	393,1 k €	+46.4%	268,6 k €

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 28/02/2026 · 1 active · 8 ended

Active mandates

Stef Verhegge

Director

Active

Ended mandates

Stef Verhegge

Director · since 20 septembre 2010 · until 20 septembre 2016

Ended

Greta Everaert

Mandate

Ended

Greta Everaert

Director · until 28 février 2014

Ended

Greta Everaert

Director

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/03/2025	01/03/2024	01/03/2023	01/03/2022	01/03/2021	29/02/2020
Closing of the financial year	28/02/2026	28/02/2025	29/02/2024	28/02/2023	28/02/2022	28/02/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	13 months
Filing date	26/06/2026	16/06/2025	03/09/2024	06/09/2023	27/06/2022	02/09/2021
General meeting	15/06/2026	15/06/2025	18/06/2024	18/06/2023	18/06/2022	18/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	28/02/2026	15/06/2026	26/06/2026	Dutch	PDF
Micro model	28/02/2025	15/06/2025	16/06/2025	Dutch	PDF
Abridged model	29/02/2024	18/06/2024	03/09/2024	Dutch	PDF
Abridged model	28/02/2023	18/06/2023	06/09/2023	Dutch	PDF
Abridged model	28/02/2022	18/06/2022	27/06/2022	Dutch	PDF
Abridged model	28/02/2021	18/06/2021	02/09/2021	Dutch	PDF
Abridged model	29/02/2020	18/06/2020	30/06/2020	Dutch	PDF
Abridged model	28/02/2019	18/06/2019	23/07/2019	Dutch	PDF
Abridged model	28/02/2018	08/06/2018	19/07/2018	Dutch	PDF
Abridged model	28/02/2017	09/06/2017	14/07/2017	Dutch	PDF
Abridged model	29/02/2016	10/06/2016	09/08/2016	Dutch	PDF
Abridged model	28/02/2015	28/09/2015	01/10/2015	Dutch	PDF
Abridged model	28/02/2014	28/09/2015	01/10/2015	Dutch	PDF
Abridged model	28/02/2013	14/06/2013	26/06/2013	Dutch	PDF
Abridged model	28/02/2012	18/08/2012	07/09/2012	Dutch	PDF
Abridged model	28/02/2011	02/09/2011	26/09/2011	Dutch	PDF
Abridged model	28/02/2010	30/07/2010	20/08/2010	Dutch	PDF
Abridged model	28/02/2009	24/09/2009	01/12/2009	Dutch	PDF
Abridged model	29/02/2008	28/06/2008	14/08/2008	Dutch	PDF
Abridged model	28/02/2007	30/08/2007	28/09/2007	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 28/02/2026 · 1 active · 8 ended

Active mandates

Stef Verhegge

Director

Active

Ended mandates

Stef Verhegge

Director · since 20 septembre 2010 · until 20 septembre 2016

Ended

Greta Everaert

Mandate

Ended

Greta Everaert

Director · until 28 février 2014

Ended

Greta Everaert

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/05/2020
MAATSCHAPPELIJKE ZETEL
PDF
Registered office30/08/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/03/2017
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates10/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2010
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office23/10/2007
MAATSCHAPPELIJKE ZETEL
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

2026
Annual accounts 20266,6 k €↓
2025
Annual accounts 2025109,5 k €↑
2024
Annual accounts 2024-33,8 k €↓
2023
Annual accounts 2023-32,4 k €↓
2022
Annual accounts 20225,1 k €↑
2022
Name changeECHO ALFA NOVEMBER NV E.A.N. NV
2021
Annual accounts 2021-32,5 k €↓
2020
Annual accounts 2020281 €↓
2019
Annual accounts 201912,9 k €↑
2018
Annual accounts 2018647 €↑
2017
Annual accounts 2017-5,2 k €↓
2016
Annual accounts 20161,1 k €↑
2015
Annual accounts 2015-2 k €↑
2014
Annual accounts 2014-36,4 k €↓
2013
Annual accounts 2013-8 k €↓
2012
Annual accounts 20124,5 k €↑
2011
Annual accounts 2011-45,9 k €↓
2010
Annual accounts 2010-14,6 k €↓
2009
Annual accounts 200913,6 k €↑
2008
Annual accounts 2008696,6 €↓
2007
Annual accounts 200711,8 k €
2007
Name changeECHO ALFA NOVEMBER
01/03/1992
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

ECHO ALFA NOVEMBER (SA)

Overview

What does ECHO ALFA NOVEMBER do?

Trend over 20 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