ACTIVE

E.C.B.

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Financial year 2025 · closed on 31/12/2025

Net result

-6,3 k €

+88.4% YoY

Gross margin

102 k €

+59.0% YoY

Equity

1,4 M €

-4.4% YoY

Workforce

0,0 ETP

What does E.C.B. do?

E.C.B. is a Public limited company incorporated in 1994. Its registered office is in Seraing.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.234.775

Incorporation

12/08/1994

Legal form

Public limited company

Registered office

Route du Condroz 24 box 5
4100 Seraing · WallonieSee on map

Contributed capital

81 804,87 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Joint committees (2)

14901
201

Signals

Solid 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	102 k €	+59.0%	64,2 k €	-92.1%	817,4 k €	-17.8%	994,1 k €	+53.3%	648,6 k €	+22.4%	529,9 k €	+6.3%	498,2 k €	-16.8%	598,8 k €	-0.4%	601,4 k €	-4.9%	632,5 k €	+15.2%	549,1 k €	+42.1%	386,3 k €	-33.5%	581,3 k €	-31.1%	843,2 k €	-41.7%	1,4 M €	-19.3%	1,8 M €	+3.0%	1,7 M €	+35.8%	1,3 M €	-6.0%	1,4 M €	+33.8%	1 M €
EBITDA	58,5 k €	+194%	19,9 k €	-96.9%	642,9 k €	+18.3%	543,5 k €	+220%	169,7 k €	-21.3%	215,6 k €	+53.6%	140,4 k €	-32.5%	207,9 k €	-19.2%	257,1 k €	-1.7%	261,7 k €	+127%	115,1 k €	+203%	-111,9 k €	-310%	-27,3 k €	+78.9%	-129,1 k €	-144%	295,4 k €	-54.0%	642,6 k €	+2.1%	629,3 k €	+44.4%	435,7 k €	-32.8%	648,5 k €	+20.0%	540,4 k €
Operating result	13 k €	+127%	-48 k €	-108%	600 k €	+20.6%	497,5 k €	+822%	54 k €	-55.7%	121,9 k €	+109%	58,3 k €	-53.4%	125 k €	-27.9%	173,4 k €	+4.3%	166,2 k €	+752%	19,5 k €	+109%	-223,9 k €	-4.9%	-213,5 k €	+21.9%	-273,5 k €	-542%	61,9 k €	-85.1%	414,1 k €	+1.2%	409,3 k €	+98.5%	206,1 k €	-55.0%	457,9 k €	+14.3%	400,6 k €
Net result	-6,3 k €	+88.4%	-54,8 k €	-112%	466,6 k €	+28.1%	364,3 k €	+329%	84,8 k €	-34.7%	129,9 k €	+111%	61,7 k €	-45.7%	113,6 k €	-19.5%	141,2 k €	-5.7%	149,7 k €	+80.8%	82,8 k €	+153%	-155,3 k €	-205%	148,2 k €	+278%	39,2 k €	-69.0%	126,6 k €	-64.7%	358,3 k €	-0.9%	361,7 k €	+211%	116,5 k €	-68.1%	364,9 k €	+58.3%	230,5 k €
Balance sheet
Equity	1,4 M €	-4.4%	1,5 M €	-10.0%	1,7 M €	+39.4%	1,2 M €	+32.0%	897,6 k €	+10.4%	812,8 k €	+19.0%	682,8 k €	+9.9%	621,1 k €	+22.4%	507,5 k €	-62.9%	1,4 M €	+12.3%	1,2 M €	+7.3%	1,1 M €	-12.0%	1,3 M €	-1.7%	1,3 M €	-7.8%	1,4 M €	+9.7%	1,3 M €	+18.7%	1,1 M €	+48.7%	734,4 k €	+1.7%	721,9 k €	+109%	344,8 k €
Total assets	2,4 M €	-4.9%	2,5 M €	+15.6%	2,2 M €	-1.8%	2,2 M €	+0.7%	2,2 M €	+11.9%	2 M €	+23.0%	1,6 M €	-6.8%	1,7 M €	-32.2%	2,6 M €	+11.0%	2,3 M €	+3.4%	2,2 M €	-3.7%	2,3 M €	-8.0%	2,5 M €	-12.7%	2,9 M €	-12.8%	3,3 M €	-1.5%	3,3 M €	+17.4%	2,9 M €	+1.8%	2,8 M €	+15.8%	2,4 M €	+14.8%	2,1 M €
Cash	196,7 k €	-20.9%	248,9 k €	-28.4%	347,6 k €	-20.4%	436,5 k €	-25.2%	583,8 k €	+48.6%	392,8 k €	+13.6%	345,9 k €	+61.4%	214,3 k €	-28.2%	298,3 k €	-12.8%	342,2 k €	+11.3%	307,6 k €	-28.2%	428,5 k €	-21.9%	548,3 k €	-16.8%	659,3 k €	+5.0%	627,8 k €	+30.7%	480,3 k €	-12.7%	550,4 k €	+40.6%	391,6 k €	+5.8%	370 k €	+22.1%	303 k €
Debts	924,6 k €	-5.6%	979,8 k €	+108%	471 k €	-54.9%	1 M €	-20.9%	1,3 M €	+13.1%	1,2 M €	+25.3%	930,7 k €	-16.0%	1,1 M €	-45.6%	2 M €	+120%	924,7 k €	-6.9%	993,5 k €	-15.5%	1,2 M €	-3.8%	1,2 M €	-21.9%	1,6 M €	-16.3%	1,9 M €	-8.9%	2,1 M €	+16.9%	1,8 M €	-15.1%	2,1 M €	+22.0%	1,7 M €	-4.1%	1,8 M €
Other
Workforce	0,0 ETP		0,0 ETP	-100%	2,5 ETP	-68.4%	7,9 ETP	-4.8%	8,3 ETP	-2.4%	8,5 ETP	-2.3%	8,7 ETP	-5.4%	9,2 ETP	+16.5%	7,9 ETP	+3.9%	7,6 ETP	-29.0%	10,7 ETP	+0.9%	10,6 ETP	-15.9%	12,6 ETP	-39.1%	20,7 ETP	-16.5%	24,8 ETP	-5.7%	26,3 ETP	+3.1%	25,5 ETP	+33.5%	19,1 ETP	+1.6%	18,8 ETP	+33.3%	14,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

Christiane RONVEAUX

Director · since 11 décembre 2023 · until 11 décembre 2028

Active

Olivier BURNIAUX

Director · since 11 décembre 2023 · until 11 décembre 2028

Active

Ended mandates

Christiane RONVEAUX

Director · since 21 décembre 2017 · until 21 décembre 2023

Ended

Olivier BURNIAUX

Administrator - manager · since 21 décembre 2017 · until 21 décembre 2023

Ended

Christiane Ronveaux

Director · since 29 décembre 2011 · until 29 décembre 2017

Ended

Olivier BURNIAUX

Managing director · since 29 décembre 2011 · until 29 décembre 2017

Ended

At this address

Other companies at this address

Company	CBE no.
B.M.O.● Active	0801.598.003
B.T.M.● Active	0801.598.102
I.B.B.T.● Active	0800.525.261

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	29/06/2026	15/07/2025	21/08/2024	03/07/2023	22/08/2022	10/08/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	21/06/2023	15/04/2022	15/04/2021
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

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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	25/06/2026	29/06/2026	French	PDF
Abridged model	31/12/2024	26/06/2025	15/07/2025	French	PDF
Abridged model	31/12/2023	27/06/2024	21/08/2024	French	PDF
Abridged model	31/12/2022	21/06/2023	03/07/2023	French	PDF
Abridged model	31/12/2021	15/04/2022	22/08/2022	French	PDF
Abridged model	31/12/2020	15/04/2021	10/08/2021	French	PDF
Abridged model	31/12/2019	15/04/2020	07/07/2020	French	PDF
Abridged model	31/12/2018	15/04/2019	31/07/2019	French	PDF
Abridged model	31/12/2017	15/04/2018	03/08/2018	French	PDF
Abridged model	31/12/2016	15/04/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	15/04/2016	01/08/2016	French	PDF
Abridged model	31/12/2014	15/04/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	24/07/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	07/08/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	09/07/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	29/07/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	01/07/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	24/06/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	28/07/2008	French	PDF
Abridged model	31/12/2006	30/05/2007	27/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 12 ended

Active mandates

Christiane RONVEAUX

Director · since 11 décembre 2023 · until 11 décembre 2028

Active

Olivier BURNIAUX

Director · since 11 décembre 2023 · until 11 décembre 2028

Active

Ended mandates

Christiane RONVEAUX

Director · since 21 décembre 2017 · until 21 décembre 2023

Ended

Olivier BURNIAUX

Administrator - manager · since 21 décembre 2017 · until 21 décembre 2023

Ended

Christiane Ronveaux

Director · since 29 décembre 2011 · until 29 décembre 2017

Ended

Olivier BURNIAUX

Managing director · since 29 décembre 2011 · until 29 décembre 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Capital / shares04/01/2018
REDUCTION DE CAPITAL - COORDINATION DES STATUTS - POUVOIRS
PDF
Capital / shares18/12/2013
Augmentation de capital par apport de créance - Modification des statuts
PDF
Mandates30/01/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates23/01/2012
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates23/10/2006
DEMISSIONS, NOMINATIONS
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 2025-6,3 k €↑
2024
Annual accounts 2024-54,8 k €↓
2024
Name changeECB
2023
Annual accounts 2023466,6 k €↑
2022
Annual accounts 2022364,3 k €↑
2021
Annual accounts 202184,8 k €↓
2020
Annual accounts 2020129,9 k €↑
2019
Annual accounts 201961,7 k €↓
2018
Annual accounts 2018113,6 k €↓
2017
Annual accounts 2017141,2 k €↓
2016
Annual accounts 2016149,7 k €↑
2015
Annual accounts 201582,8 k €↑
2014
Annual accounts 2014-155,3 k €↓
2013
Annual accounts 2013148,2 k €↑
2012
Annual accounts 201239,2 k €↓
2011
Annual accounts 2011126,6 k €↓
2010
Annual accounts 2010358,3 k €↓
2009
Annual accounts 2009361,7 k €↑
2008
Annual accounts 2008116,5 k €↓
2007
Annual accounts 2007364,9 k €↑
2006
Annual accounts 2006230,5 k €
2006
Name changeE.C.B.
12/08/1994
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

E.C.B.

Overview

What does E.C.B. 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