ECORE BELGIUM
0449.937.765 · rovalta.com · 24/09/2026
ACTIVE
ECORE BELGIUM
Financial year 2025 · closed on 30/09/2025
Net result
3,5 M €
-11.6% YoY
Revenue
90,9 M €
-35.3% YoY
Equity
37,2 M €
+10.4% YoY
Workforce
35,1 ETP
-5.6% YoY
Overview
What does ECORE BELGIUM do?
ECORE BELGIUM is a Public limited company incorporated in 1993. Its registered office is in Aubange. It employs on average 35,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0449.937.765
Incorporation
23/04/1993
Legal form
Public limited company
Registered office
ZONING INDUSTRIEL AUBANGE 0
6790 Aubange · WallonieSee on map
6790 Aubange · WallonieSee on map
Contributed capital
10 628 618,76 €
Latest accounts
30/09/2025
Average workforce
35,1 ETP
Joint committees (4)
- 14201
- 200
- 2000
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 16 financial years
| 2025 | 2024 | 2023 | 2022 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||
| Revenue | 90,9 M € | -35.3% | 140,4 M € | -18.7% | 172,8 M € | -4.0% | 180 M € | +66.2% | 108,3 M € | -3.4% | 112,1 M € | +11.9% | 100,2 M € | +60.4% | 62,5 M € | -19.8% | 77,9 M € | -7.8% | 84,5 M € | -32.4% | 124,9 M € | -21.4% | 158,9 M € | -18.0% | 193,8 M € | +11.1% | 174,5 M € | +123% | 78,4 M € | -32.4% | 116 M € |
| EBITDA | 5,9 M € | -28.5% | 8,3 M € | -26.6% | 11,3 M € | +4.4% | 10,8 M € | +158% | 4,2 M € | -36.2% | 6,6 M € | +13.3% | 5,8 M € | +771% | 663,9 k € | +636% | -123,8 k € | -116% | 766,5 k € | +128% | -2,8 M € | +43.7% | -4,9 M € | +8.4% | -5,4 M € | -190% | 5,9 M € | +168% | 2,2 M € | -4.4% | 2,3 M € |
| Operating result | 3,4 M € | -30.9% | 4,9 M € | -39.0% | 8 M € | -0.6% | 8 M € | +249% | 2,3 M € | -54.8% | 5,1 M € | +95.1% | 2,6 M € | +236% | -1,9 M € | +58.2% | -4,6 M € | -51.5% | -3 M € | +59.6% | -7,5 M € | -16.6% | -6,4 M € | +49.0% | -12,5 M € | -621% | 2,4 M € | +8406% | -28,9 k € | +86.7% | -217,8 k € |
| Net result | 3,5 M € | -11.6% | 4 M € | -44.3% | 7,2 M € | -1.1% | 7,2 M € | +239% | 2,1 M € | -52.9% | 4,5 M € | +725% | 549,9 k € | +121% | -2,6 M € | +50.1% | -5,3 M € | -14.2% | -4,6 M € | +47.4% | -8,8 M € | -49.8% | -5,9 M € | +59.1% | -14,3 M € | -1540% | 995,7 k € | +216% | -860,5 k € | -2088% | -39,3 k € |
| Balance sheet | |||||||||||||||||||||||||||||||
| Equity | 37,2 M € | +10.4% | 33,7 M € | +13.4% | 29,7 M € | +31.7% | 22,6 M € | +136% | 9,6 M € | +28.7% | 7,4 M € | +157% | 2,9 M € | +23.4% | 2,3 M € | -53.1% | 5 M € | -51.4% | 10,3 M € | +179% | -13,1 M € | -205% | -4,3 M € | +61.9% | -11,3 M € | -468% | 3,1 M € | +48.2% | 2,1 M € | -29.4% | 2,9 M € |
| Total assets | 51,7 M € | -10.5% | 57,8 M € | -15.8% | 68,6 M € | +35.2% | 50,8 M € | +59.7% | 31,8 M € | -4.3% | 33,2 M € | +4.1% | 31,9 M € | +17.0% | 27,3 M € | -34.8% | 41,8 M € | +23.1% | 34 M € | -18.3% | 41,6 M € | -31.1% | 60,3 M € | +34.1% | 45 M € | -30.1% | 64,3 M € | +58.4% | 40,6 M € | +30.3% | 31,2 M € |
| Cash | 1,6 M € | -11.2% | 1,8 M € | +101% | 909,9 k € | -50.7% | 1,8 M € | +170% | 683,7 k € | +93.5% | 353,3 k € | -50.6% | 714,8 k € | +20.7% | 592,2 k € | +234% | 177,3 k € | -51.7% | 367,4 k € | +129% | 160,7 k € | -82.3% | 908,8 k € | -63.7% | 2,5 M € | +130% | 1,1 M € | -36.6% | 1,7 M € | +363% | 370,8 k € |
| Debts | 14,5 M € | -39.8% | 24,1 M € | -38.1% | 38,9 M € | +38.0% | 28,2 M € | +27.2% | 22,2 M € | -13.1% | 25,5 M € | -10.3% | 28,4 M € | +26.9% | 22,4 M € | -32.2% | 33,1 M € | +67.1% | 19,8 M € | -59.9% | 49,4 M € | -17.6% | 59,9 M € | +16.1% | 51,6 M € | -15.4% | 61 M € | +59.3% | 38,3 M € | +36.8% | 28 M € |
| Other | |||||||||||||||||||||||||||||||
| Workforce | 35,1 ETP | -5.6% | 37,2 ETP | -2.6% | 38,2 ETP | -6.1% | 40,7 ETP | +14.6% | 35,5 ETP | +4.1% | 34,1 ETP | +18.8% | 28,7 ETP | -1.7% | 29,2 ETP | -11.2% | 32,9 ETP | +10.4% | 29,8 ETP | -18.6% | 36,6 ETP | -17.0% | 44,1 ETP | -7.0% | 47,4 ETP | +61.2% | 29,4 ETP | -33.8% | 44,4 ETP | -9.9% | 49,3 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 50 M€ and 100 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 3 active · 23 ended
Active mandates
Ended mandates
Abderrahmane El Aoufir
EndedAbderrahmane El Aoufir
EndedEcore Luxembourg
EndedEcore Luxembourg
EndedFinancials
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 | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 02/02/2026 | 28/02/2025 | 12/06/2024 | 03/02/2023 | 11/01/2022 | 24/02/2021 |
| General meeting | 16/01/2026 | 24/02/2025 | 31/05/2024 | 20/01/2023 | 16/12/2021 | 12/02/2021 |
| 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?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 30/09/2025 | 16/01/2026 | 02/02/2026 | French | |
| Full model | 30/09/2024 | 24/02/2025 | 28/02/2025 | French | |
| Full model | 30/09/2023 | 31/05/2024 | 12/06/2024 | French | |
| Full model | 30/09/2022 | 20/01/2023 | 03/02/2023 | French | |
| Full model | 30/09/2021 | 16/12/2021 | 11/01/2022 | French | |
| Full model | 30/09/2020 | 12/02/2021 | 24/02/2021 | French | |
| Full model | 30/09/2019 | 17/01/2020 | 03/02/2020 | French | |
| Full model | 30/09/2018 | 08/02/2019 | 05/03/2019 | French | |
| Full model | 30/09/2017 | 21/03/2018 | 29/03/2018 | French | |
| Full model | 30/09/2016 | 20/01/2017 | 20/01/2017 | French | |
| Full modelCorrection | 30/09/2015 | 15/01/2016 | 30/11/2016 | French | |
| Full model | 30/09/2015 | 15/01/2016 | 21/01/2016 | French | |
| Full model | 30/09/2014 | 09/01/2015 | 14/01/2015 | French | |
| Full model | 30/09/2013 | 17/01/2014 | 29/01/2014 | French | |
| Full model | 30/09/2012 | 26/03/2013 | 26/04/2013 | French | |
| Full model | 31/12/2011 | 08/05/2012 | 12/07/2012 | French | |
| Full model | 31/12/2010 | 20/06/2011 | 19/07/2011 | French | |
| Full model | 31/12/2009 | 18/05/2010 | 22/07/2010 | French | |
| Full model | 31/12/2008 | 19/05/2009 | 19/08/2009 | French | |
| Full model | 31/12/2007 | 20/05/2008 | 29/10/2008 | French | |
| Full model | 31/12/2006 | 15/05/2007 | 18/06/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 3 active · 23 ended
Active mandates
Ended mandates
Abderrahmane El Aoufir
EndedAbderrahmane El Aoufir
EndedEcore Luxembourg
EndedEcore Luxembourg
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates09/04/2026DEMISSIONS, NOMINATIONS
- Mandates23/10/2023DEMISSIONS, NOMINATIONS
- Mandates11/01/2023DEMISSIONS, NOMINATIONS
- Mandates24/03/2022DEMISSIONS, NOMINATIONS
- Capital / shares26/04/2021CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates15/10/2020DEMISSIONS, NOMINATIONS
- Capital / shares28/12/2018CAPITAL, ACTIONS
- Other26/11/2018STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 23/10/2025nominationSA Derichebourg Belgium — administrateur
- 2025Annual accounts 20253,5 M €↓
- 2024Annual accounts 20244 M €↓
- 2023Annual accounts 20237,2 M €↓
- 12/09/2023nominationEY Réviseurs d'Entreprises SRL — commissaire
- 12/09/2023nominationEmilie Van Callemont — représentant permanent
- 01/10/2022nominationJean-François Bernard — représentant permanent du commissaire aux comptes
- 2022Annual accounts 20227,2 M €↑
- 2019Annual accounts 20192,1 M €↓
- 2018Annual accounts 20184,5 M €↑
- 2017Annual accounts 2017549,9 k €↑
- 2016Annual accounts 2016-2,6 M €↑
- 2015Annual accounts 2015-5,3 M €↓
- 2014Annual accounts 2014-4,6 M €↑
- 2013Annual accounts 2013-8,8 M €↓
- 2012Annual accounts 2012-5,9 M €↑
- 2011Annual accounts 2011-14,3 M €↓
- 2010Annual accounts 2010995,7 k €↑
- 2009Annual accounts 2009-860,5 k €↓
- 2008Annual accounts 2008-39,3 k €
- 23/04/1993IncorporationPublic limited company