ACTIVE

ARROW ECS

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Financial year 2024 · closed on 31/12/2024

Net result

6 M €

+25.8% YoY

Revenue

317,5 M €

+16.7% YoY

Equity

25,5 M €

+30.9% YoY

Workforce

55,3 ETP

-3.3% YoY

What does ARROW ECS do?

ARROW ECS is a Public limited company incorporated in 1998. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Machelen (Brab.). It employs on average 55,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.043.851

Incorporation

14/04/1998

Legal form

Public limited company

Registered office

Culliganlaan 1 A
1831 Machelen (Brab.) · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

55,3 ETP

Activities (NACE)

46500Wholesale of information and communication equipment· main 46510Wholesale of computers, computer peripheral equipment and software 51840Air transport

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	317,5 M €	+16.7%	272,2 M €	+10.3%	246,6 M €	+16.2%	212,2 M €	-4.2%	221,5 M €	+12.0%	197,8 M €	-12.0%	224,8 M €	+20.8%	186,2 M €	+70.2%	109,4 M €	+46.6%	74,6 M €	+32.2%	56,5 M €	-1.2%	57,1 M €	+10.0%	51,9 M €	+30.8%	39,7 M €	+2.5%	38,8 M €	+32.4%	29,3 M €	-14.3%	34,2 M €	-33.8%	51,6 M €	-10.6%	57,7 M €
EBITDA	8 M €	+28.3%	6,2 M €	+12.0%	5,5 M €	+38.9%	4 M €	+7.9%	3,7 M €	+137%	1,6 M €	-35.2%	2,4 M €	-34.7%	3,7 M €	+59.1%	2,3 M €	+370%	493,9 k €	+908%	49 k €	-95.9%	1,2 M €	+170%	438,1 k €	-13.7%	507,5 k €	+286%	-273,4 k €	+59.4%	-672,9 k €	+52.0%	-1,4 M €	-27.7%	-1,1 M €	-157%	1,9 M €
Operating result	7,9 M €	+28.8%	6,1 M €	+12.6%	5,4 M €	+110%	2,6 M €	+7.3%	2,4 M €	+965%	225,7 k €	-81.2%	1,2 M €	-52.6%	2,5 M €	+13.2%	2,2 M €	+591%	323,4 k €	+445%	59,4 k €	-94.6%	1,1 M €	+209%	356,2 k €	-35.9%	555,9 k €	+470%	97,5 k €	+111%	-882 k €	+52.9%	-1,9 M €	-50.4%	-1,2 M €	-170%	1,8 M €
Net result	6 M €	+25.8%	4,8 M €	+3.8%	4,6 M €	+171%	1,7 M €	+28.6%	1,3 M €	+133%	568,6 k €	+858%	59,3 k €	-96.3%	1,6 M €	-20.9%	2 M €	+551%	312,6 k €	+218%	98,2 k €	-91.3%	1,1 M €	+336%	257,6 k €	-49.0%	505,2 k €	+1198%	38,9 k €	+104%	-1 M €	+51.6%	-2,2 M €	-28.8%	-1,7 M €	-269%	992,3 k €
Balance sheet
Equity	25,5 M €	+30.9%	19,4 M €	+32.6%	14,7 M €	+45.7%	10,1 M €	+20.3%	8,4 M €	+18.8%	7 M €	+8.8%	6,5 M €	+0.9%	6,4 M €	+33.5%	4,8 M €	+73.6%	2,8 M €	+12.7%	2,5 M €	+43.1%	1,7 M €	+190%	591,4 k €	+77.2%	333,8 k €	+295%	-171,4 k €	+18.5%	-210,3 k €	-125%	836,1 k €	-72.1%	3 M €	-35.9%	4,7 M €
Total assets	136,9 M €	+32.1%	103,6 M €	+9.2%	94,9 M €	-1.0%	95,9 M €	+6.0%	90,4 M €	+15.8%	78,1 M €	-13.3%	90 M €	+18.5%	76 M €	+3.8%	73,2 M €	+74.7%	41,9 M €	+27.3%	32,9 M €	+27.4%	25,8 M €	+11.6%	23,1 M €	+31.6%	17,6 M €	+17.6%	14,9 M €	+0.8%	14,8 M €	-12.1%	16,9 M €	-26.2%	22,9 M €	-32.1%	33,7 M €
Cash	40,7 k €	+306%	10 k €	-95.1%	203,1 k €	+11040%	1,8 k €	-100.0%	4,9 M €	+21.6%	4,1 M €	+171%	1,5 M €	-84.1%	9,4 M €	+56.6%	6 M €	+71.5%	3,5 M €	+142%	1,5 M €	-74.7%	5,7 M €	+124%	2,6 M €	+54.4%	1,7 M €	+11.8%	1,5 M €	-51.3%	3 M €	-24.9%	4,1 M €	+1457%	260,1 k €	+88.3%	138,1 k €
Debts	111,2 M €	+33.3%	83,4 M €	+4.3%	80 M €	-6.7%	85,7 M €	+7.2%	79,9 M €	+17.3%	68,1 M €	-17.7%	82,7 M €	+19.1%	69,5 M €	+1.7%	68,3 M €	+75.5%	38,9 M €	+28.6%	30,3 M €	+25.8%	24,1 M €	+7.1%	22,5 M €	+30.6%	17,2 M €	+14.2%	15,1 M €	+0.5%	15 M €	-5.4%	15,8 M €	-19.3%	19,6 M €	-32.3%	29 M €
Other
Workforce	55,3 ETP	-3.3%	57,2 ETP	+3.6%	55,2 ETP	+1.3%	54,5 ETP	-0.4%	54,7 ETP	-2.7%	56,2 ETP	-3.8%	58,4 ETP	+4.1%	56,1 ETP	+34.9%	41,6 ETP	+32.5%	31,4 ETP	+85.8%	16,9 ETP	+32.0%	12,8 ETP	-7.9%	13,9 ETP	+2.2%	13,6 ETP	-5.6%	14,4 ETP	-29.8%	20,5 ETP	-33.4%	30,8 ETP	-7.5%	33,3 ETP	-0.3%	33,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 7 active · 27 ended

Active mandates

Rick van Hattem

Director · since 19 juillet 2025 · until 19 juillet 2031

Active

Jes Kongsmark

Director · since 03 juillet 2024 · until 03 juillet 2030

Active

Ilias Khomsi El Haddad

Persoon belast met dagelijks bestuur · since 17 avril 2024 · until 17 avril 2030

Active

Frederik Stolwijk

Director · since 20 juillet 2022 · until 19 juillet 2025

Active

Henrik Resting-Jeppesen

Chairman of the board of directors · since 20 juillet 2022 · until 20 juillet 2028

Active

Pierre-Louis Furnal

Director · since 20 juillet 2022 · until 30 mars 2024

Active

Eric Nowak

Chairman of the board of directors · since 10 juillet 2020 · until 03 juillet 2024

Active

Ended mandates

Ilias Khomsi El Haddad

Director · since 17 avril 2024 · until 17 avril 2030

Ended

Frederik Stolwijk

Director · since 20 juillet 2022 · until 20 juillet 2028

Ended

Henrik Resting-Jeppesen

Director · since 20 juillet 2022 · until 20 juillet 2028

Ended

Pierre-Louis Furnal

Director · since 20 juillet 2022 · until 20 juillet 2028

Ended

At this address

Other companies at this address

Company	CBE no.
prodata systems - prodata mobility systems - fabricom GDF suez● Active	0839.257.559

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Consolidated accounts	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2025	31/08/2024	31/08/2023	26/07/2022	14/12/2021	24/07/2020
General meeting	28/08/2025	23/08/2024	31/08/2023	20/07/2022	30/06/2021	10/07/2020
Currency of the financial year	EUR	EUR	EUR	EUR	USD	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

25 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	28/08/2025	28/08/2025	Dutch	PDF
Consolidated accounts	31/12/2024	28/08/2025	28/08/2025	Dutch	PDF
Full model	31/12/2023	23/08/2024	31/08/2024	Dutch	PDF
Consolidated accounts	31/12/2023	19/07/2024	31/08/2024	Dutch	PDF
Full model	31/12/2022	31/08/2023	31/08/2023	Dutch	PDF
Consolidated accounts	31/12/2022	20/07/2023	29/08/2023	Dutch	PDF
Full model	31/12/2021	20/07/2022	26/07/2022	Dutch	PDF
Consolidated accounts	31/12/2021	20/07/2022	14/11/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	20/07/2021	Dutch	PDF
Consolidated accounts	31/12/2020	30/06/2021	14/12/2021	Dutch	PDF
Full model	31/12/2019	10/07/2020	24/07/2020	Dutch	PDF
Full model	31/12/2018	16/12/2019	20/12/2019	Dutch	PDF
Full model	31/12/2017	21/01/2019	11/03/2019	Dutch	PDF
Full model	31/12/2016	31/08/2018	21/09/2018	Dutch	PDF
Full model	31/12/2015	16/12/2016	26/01/2017	Dutch	PDF
Full model	31/12/2014	14/09/2015	20/10/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	25/09/2014	Dutch	PDF
Full model	31/12/2012	13/09/2013	17/12/2013	Dutch	PDF
Full model	31/12/2011	01/10/2012	14/11/2012	French	PDF
Full model	31/12/2010	15/06/2012	17/07/2012	French	PDF
Full model	31/12/2009	19/12/2011	06/07/2012	French	PDF
Full model	31/12/2008	12/06/2009	28/03/2011	French	PDF
Full modelCorrection	31/12/2007	05/06/2009	24/08/2009	French	PDF
Full model	31/12/2007	22/08/2008	29/08/2008	French	PDF

View all 25 filings

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.

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 31/12/2024 · 7 active · 27 ended

Active mandates

Rick van Hattem

Director · since 19 juillet 2025 · until 19 juillet 2031

Active

Jes Kongsmark

Director · since 03 juillet 2024 · until 03 juillet 2030

Active

Ilias Khomsi El Haddad

Persoon belast met dagelijks bestuur · since 17 avril 2024 · until 17 avril 2030

Active

Frederik Stolwijk

Director · since 20 juillet 2022 · until 19 juillet 2025

Active

Henrik Resting-Jeppesen

Chairman of the board of directors · since 20 juillet 2022 · until 20 juillet 2028

Active

Pierre-Louis Furnal

Director · since 20 juillet 2022 · until 30 mars 2024

Active

Eric Nowak

Chairman of the board of directors · since 10 juillet 2020 · until 03 juillet 2024

Active

Ended mandates

Ilias Khomsi El Haddad

Director · since 17 avril 2024 · until 17 avril 2030

Ended

Frederik Stolwijk

Director · since 20 juillet 2022 · until 20 juillet 2028

Ended

Henrik Resting-Jeppesen

Director · since 20 juillet 2022 · until 20 juillet 2028

Ended

Pierre-Louis Furnal

Director · since 20 juillet 2022 · until 20 juillet 2028

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2022
DEMISSIONS, NOMINATIONS
PDF
Other18/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

19/07/2025
nominationRick van Hattem — bestuurder
2024
Annual accounts 20246 M €↑
03/07/2024
nominationJes KONGSMARK — bestuurder
03/07/2024
nominationHenrik RESTING-JEPPESEN — Voorzitter van de raad van bestuur
17/04/2024
nominationIlias KHOMSI EL HADDAD — bestuurder
01/01/2024
reconductionBV Ernst & Young Bedrijfsrevisoren — commissaris
01/01/2024
nominationFrédéric DE MEE — vaste vertegenwoordiger commissarismandaat
2023
Annual accounts 20234,8 M €↑
17/05/2023
nominationIlias Khomsi — bijzonder gevolmachtigde
2022
Annual accounts 20224,6 M €↑
10/10/2022
nominationEric NOWAK — Voorzitter van de Raad van Bestuur
10/10/2022
nominationPierre-Louis FURNAL — Dagelijks Bestuurder
20/07/2022
nominationHenrik RESTING-JEPPESEN — bestuurder
20/07/2022
nominationPierre-Louis FURNAL — bestuurder
20/07/2022
nominationFrederik STOLWIJK — bestuurder
2021
Annual accounts 20211,7 M €↑
2020
Annual accounts 20201,3 M €↑
2019
Annual accounts 2019568,6 k €↑
2018
Annual accounts 201859,3 k €↓
2017
Annual accounts 20171,6 M €↓
2016
Annual accounts 20162 M €↑
2015
Annual accounts 2015312,6 k €↑
2014
Annual accounts 201498,2 k €↓
2013
Annual accounts 20131,1 M €↑
2012
Annual accounts 2012257,6 k €↓
2011
Annual accounts 2011505,2 k €↑
2010
Annual accounts 201038,9 k €↑
2009
Annual accounts 2009-1 M €↑
2008
Annual accounts 2008-2,2 M €↓
2007
Annual accounts 2007-1,7 M €↓
2006
Annual accounts 2006992,3 k €
14/04/1998
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

ARROW ECS

Overview

What does ARROW ECS do?

Trend over 19 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