ACTIVE

ECO 2

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Financial year 2025 · closed on 31/12/2025

Net result

238 k €

+217.6% YoY

Gross margin

754,2 k €

+19.9% YoY

Equity

855,2 k €

+15.9% YoY

Workforce

7,3 ETP

-23.2% YoY

What does ECO 2 do?

ECO 2 is a Public limited company incorporated in 1992. Its registered office is in Geraardsbergen. It employs on average 7,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.867.993

Incorporation

04/12/1992

Legal form

Public limited company

Registered office

Hasseltkouter(Oph) 51
9500 Geraardsbergen · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

31/12/2025

Average workforce

7,3 ETP

Joint committees (5)

116
1160
200
207
2070

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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
Gross margin	754,2 k €	+19.9%	629,3 k €	+6.7%	589,8 k €	+80.8%	326,2 k €	-17.7%	396,2 k €	-4.0%	412,8 k €	+37.8%	299,6 k €	-6.9%	321,7 k €	+4.6%	307,5 k €	-31.3%	447,4 k €	+9.0%	410,4 k €	+20.9%	339,5 k €	+4.4%	325,2 k €	+23.2%	264 k €	-8.3%	287,9 k €	-4.5%	301,5 k €	+8.5%	277,9 k €	-4.9%	292,2 k €	-25.7%	393 k €	+3.2%	380,7 k €
EBITDA	413 k €	+107%	199,6 k €	+61.0%	124 k €	+374%	-45,3 k €	-129%	155,6 k €	-27.2%	213,7 k €	+159%	82,4 k €	-25.7%	111 k €	-6.3%	118,5 k €	-49.4%	234,3 k €	+11.7%	209,7 k €	+57.2%	133,4 k €	-6.2%	142,2 k €	+42.3%	100 k €	-28.8%	140,3 k €	-26.6%	191,1 k €	+15.4%	165,7 k €	-1.2%	167,6 k €	-38.0%	270,3 k €	-10.5%	302 k €
Operating result	282,5 k €	+172%	103,9 k €	+64.1%	63,3 k €	+155%	-115,8 k €	-235%	85,8 k €	-42.4%	148,9 k €	+622%	20,6 k €	-59.0%	50,3 k €	-46.7%	94,4 k €	-34.3%	143,6 k €	+17.1%	122,7 k €	+144%	50,2 k €	-12.6%	57,5 k €	+36.3%	42,2 k €	-30.0%	60,3 k €	-38.0%	97,3 k €	+63.7%	59,4 k €	-10.3%	66,3 k €	-47.3%	125,7 k €	-20.5%	158 k €
Net result	238 k €	+218%	74,9 k €	+41.0%	53,1 k €	+150%	-107 k €	-262%	66 k €	-48.8%	129,1 k €	+656%	17,1 k €	-67.5%	52,5 k €	+147%	-110,9 k €	-205%	105,8 k €	+9.6%	96,6 k €	+190%	33,3 k €	+21.9%	27,3 k €	-12.7%	31,3 k €	-22.1%	40,2 k €	+118%	-220,6 k €	-7196%	3,1 k €	-51.1%	6,4 k €	-90.4%	66 k €	-28.6%	92,4 k €
Balance sheet
Equity	855,2 k €	+15.9%	738,1 k €	+11.2%	664 k €	+8.5%	611,7 k €	-15.0%	719,5 k €	+10.0%	654,4 k €	+8.9%	601,1 k €	+2.8%	584,9 k €	+9.7%	533,2 k €	-17.3%	645 k €	+18.6%	544 k €	+21.4%	448,3 k €	+7.8%	415,9 k €	+6.8%	389,4 k €	+8.5%	359 k €	+12.3%	319,7 k €	-40.9%	541,2 k €	+0.4%	538,9 k €	+3.8%	519,1 k €	+14.3%	454 k €
Total assets	1,5 M €	-5.0%	1,6 M €	+81.7%	878,3 k €	-2.2%	897,7 k €	-10.3%	1 M €	+3.2%	969,6 k €	+12.9%	858,7 k €	-6.4%	917,9 k €	+10.7%	829,3 k €	-44.0%	1,5 M €	+2.7%	1,4 M €	-1.8%	1,5 M €	-5.0%	1,5 M €	+60.0%	964,9 k €	+15.9%	832,3 k €	-2.9%	857 k €	-29.6%	1,2 M €	-2.9%	1,3 M €	-6.0%	1,3 M €	+26.9%	1,1 M €
Cash	395,3 k €	-10.6%	442,3 k €	+83.7%	240,8 k €	+2126%	10,8 k €	-84.2%	68,5 k €	-50.7%	139 k €	+43.6%	96,8 k €	+83.6%	52,7 k €	-21.3%	67 k €	-16.4%	80,1 k €	+93.4%	41,4 k €	+3135%	1,3 k €	-91.0%	14,1 k €	-80.4%	72,2 k €	-36.8%	114,1 k €	+37.3%	83,1 k €	+57.9%	52,6 k €	+41.7%	37,1 k €	-45.0%	67,5 k €	-29.7%	96 k €
Debts	660,5 k €	-23.0%	857,9 k €	+300%	214,3 k €	-25.0%	285,8 k €	+1.8%	280,8 k €	-10.9%	315,3 k €	+22.4%	257,6 k €	-22.6%	333 k €	+12.5%	296,1 k €	-64.5%	834,8 k €	-6.9%	896,7 k €	-12.0%	1 M €	-9.7%	1,1 M €	+96.1%	575,5 k €	+21.6%	473,3 k €	-11.9%	537,3 k €	-20.5%	676,2 k €	-5.4%	715,1 k €	-12.2%	814,9 k €	+36.4%	597,4 k €
Other
Workforce	7,3 ETP	-23.2%	9,5 ETP	-16.7%	11,4 ETP	+17.5%	9,7 ETP	+51.6%	6,4 ETP	+23.1%	5,2 ETP	-18.8%	6,4 ETP	0.0%	6,4 ETP	+1.6%	6,3 ETP	+6.8%	5,9 ETP	-7.8%	6,4 ETP	+1.6%	6,3 ETP	+14.5%	5,5 ETP	+5.8%	5,2 ETP	+33.3%	3,9 ETP	+14.7%	3,4 ETP	-24.4%	4,5 ETP	+9.8%	4,1 ETP	0.0%	4,1 ETP	+17.1%	3,5 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 31/12/2025 · 2 active · 13 ended

Active mandates

JOVAMO

Director · since 13 janvier 2023 · until 10 mai 2028 · 0668.730.074

Represented by John Van Moeseke

Active

SYVAMO

Director · since 13 janvier 2023 · until 10 mai 2028 · 0668.726.809

Represented by Sylvie VAN MOESEKE

Active

Ended mandates

JOVAMO

Managing director · since 13 janvier 2023 · until 10 mai 2028 · 0668.730.074

Represented by Van MOESEKE JOHN

Ended

JOVAMO

Director · since 13 janvier 2023 · until 10 mai 2028 · 0668.730.074

Represented by John VAN MOESEKE

Ended

SYVAMO

Managing director · since 13 janvier 2023 · until 10 mai 2028 · 0668.726.809

Represented by Van MOESEKE SYLVIE

Ended

SYVAMO

Director · since 13 janvier 2023 · until 10 mai 2028 · 0668.726.809

Represented by Sylvie VAN MOESEKE

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	10/07/2026	08/07/2025	31/07/2024	01/09/2023	09/06/2022	22/06/2021
General meeting	03/07/2026	04/07/2025	30/06/2024	31/07/2023	11/05/2022	26/05/2021
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
Abridged model	31/12/2025	03/07/2026	10/07/2026	Dutch	PDF
Abridged model	31/12/2024	04/07/2025	08/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	31/07/2023	01/09/2023	Dutch	PDF
Abridged model	31/12/2021	11/05/2022	09/06/2022	Dutch	PDF
Abridged model	31/12/2020	26/05/2021	22/06/2021	Dutch	PDF
Abridged model	31/12/2019	27/05/2020	21/06/2020	Dutch	PDF
Abridged model	31/12/2018	08/05/2019	09/05/2019	Dutch	PDF
Abridged model	31/12/2017	09/05/2018	04/06/2018	Dutch	PDF
Abridged model	31/12/2016	10/05/2017	31/05/2017	Dutch	PDF
Abridged model	31/12/2015	11/05/2016	23/05/2016	Dutch	PDF
Abridged model	31/12/2014	13/05/2015	26/05/2015	Dutch	PDF
Abridged model	31/12/2013	14/05/2014	04/06/2014	Dutch	PDF
Abridged model	31/12/2012	08/05/2013	17/05/2013	Dutch	PDF
Abridged model	31/12/2011	09/05/2012	04/06/2012	Dutch	PDF
Abridged model	31/12/2010	11/05/2011	08/06/2011	Dutch	PDF
Abridged model	31/12/2009	12/05/2010	08/06/2010	Dutch	PDF
Abridged model	31/12/2008	13/05/2009	22/06/2009	Dutch	PDF
Abridged model	31/12/2007	14/05/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	09/05/2007	31/05/2007	Dutch	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 31/12/2025 · 2 active · 13 ended

Active mandates

JOVAMO

Director · since 13 janvier 2023 · until 10 mai 2028 · 0668.730.074

Represented by John Van Moeseke

Active

SYVAMO

Director · since 13 janvier 2023 · until 10 mai 2028 · 0668.726.809

Represented by Sylvie VAN MOESEKE

Active

Ended mandates

JOVAMO

Managing director · since 13 janvier 2023 · until 10 mai 2028 · 0668.730.074

Represented by Van MOESEKE JOHN

Ended

JOVAMO

Director · since 13 janvier 2023 · until 10 mai 2028 · 0668.730.074

Represented by John VAN MOESEKE

Ended

SYVAMO

Managing director · since 13 janvier 2023 · until 10 mai 2028 · 0668.726.809

Represented by Van MOESEKE SYLVIE

Ended

SYVAMO

Director · since 13 janvier 2023 · until 10 mai 2028 · 0668.726.809

Represented by Sylvie VAN MOESEKE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/03/2013
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/10/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2003
ONTSLAGEN - BENOEMINGEN - BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN
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 2025238 k €↑
2024
Annual accounts 202474,9 k €↑
2023
Annual accounts 202353,1 k €↑
2022
Annual accounts 2022-107 k €↓
2021
Annual accounts 202166 k €↓
2020
Annual accounts 2020129,1 k €↑
2019
Annual accounts 201917,1 k €↓
2018
Annual accounts 201852,5 k €↑
2017
Annual accounts 2017-110,9 k €↓
2016
Annual accounts 2016105,8 k €↑
2015
Annual accounts 201596,6 k €↑
2014
Annual accounts 201433,3 k €↑
2013
Annual accounts 201327,3 k €↓
2012
Annual accounts 201231,3 k €↓
2011
Annual accounts 201140,2 k €↑
2010
Annual accounts 2010-220,6 k €↓
2009
Annual accounts 20093,1 k €↓
2008
Annual accounts 20086,4 k €↓
2007
Annual accounts 200766 k €↓
2006
Annual accounts 200692,4 k €
04/12/1992
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

ECO 2

Overview

What does ECO 2 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