ACTIVE

ECOFORAGE

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result402,1 k €+3,2 %over 1 year

Gross margin2 M €+2,1 %over 1 year

Equity950,6 k €-0,9 %over 1 year

Workforce15,7 ETP-3,1 %over 1 year

Identity

Source · BCE/KBO

ECOFORAGE is a Public limited company incorporated in 1998. Its main activity is: Test drilling and boring. Its registered office is in Somme-Leuze. It employs on average 15,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0464.304.455
Incorporation: 12/10/1998
Legal form: Public limited company
Registered office: Zone d'activités Nord, Bail. 29
5377 Somme-Leuze · WallonieSee on map
Contributed capital: 575 000,00 €
Latest accounts: 31/12/2025
Average workforce: 15,7 ETP

Activities (NACE)

43130Test drilling and boring· main 43130Test drilling and boring 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.45120Sale of motor vehicles 45250Maintenance and repair of motor vehicles+3

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2 M €	+2.1%	2 M €	+0.2%	2 M €	+16.5%	1,7 M €	+21.1%	1,4 M €
EBITDA	978,1 k €	+4.1%	939,6 k €	+1.9%	922,2 k €	+10.1%	838 k €	+40.8%	595,1 k €
Operating result	556,8 k €	+1.9%	546,3 k €	+4.9%	521 k €	+13.5%	459,1 k €	+157%	178,6 k €
Net result	402,1 k €	+3.2%	389,6 k €	+1.9%	382,4 k €	+4.7%	365,1 k €	+198%	122,7 k €
Balance sheet
Equity	950,6 k €	-0.9%	959,7 k €	-0.7%	966 k €	+1.7%	949,9 k €	+11.6%	851,5 k €
Total assets	3,1 M €	+4.2%	2,9 M €	-6.8%	3,1 M €	-1.4%	3,2 M €	+17.5%	2,7 M €
Cash	313,2 k €	+3.1%	303,9 k €	+242%	88,8 k €	-48.8%	173,5 k €	-15.5%	205,4 k €
Debts	2,1 M €	+7.2%	2 M €	-9.3%	2,2 M €	-3.0%	2,2 M €	+20.5%	1,8 M €
Other
Workforce	15,7 ETP	-3.1%	16,2 ETP	-5.8%	17,2 ETP	+16.2%	14,8 ETP	+0.7%	14,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ALFAFIN0722.865.378Represented by Alexandre Grandjean	MandateManaging director2021 accountsended
FLS INVEST1008.745.758Represented by Florent Spote	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexandre Grandjean	Managing director2018 accountsManager2006 accounts
Fabienne Maîtrejean	Director2018 accounts
Frédéric Vandesande	Mandate2022 accounts

Full financial information

Source · NBB

	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	22/06/2026	24/06/2025	24/06/2024	21/08/2023	31/08/2022	01/09/2021
General meeting	11/06/2026	06/06/2025	02/05/2024	02/06/2023	10/06/2022	02/07/2021
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/06/2026	22/06/2026	French	PDF
Abridged model	31/12/2024	06/06/2025	24/06/2025	French	PDF
Abridged model	31/12/2023	02/05/2024	24/06/2024	French	PDF
Abridged model	31/12/2022	02/06/2023	21/08/2023	French	PDF
Abridged model	31/12/2021	10/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	02/07/2021	01/09/2021	French	PDF
Abridged model	31/12/2019	03/07/2020	26/08/2020	French	PDF
Abridged model	31/12/2018	12/07/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	22/06/2018	30/08/2018	French	PDF
Micro model	31/12/2016	06/06/2017	09/08/2017	French	PDF
Abridged model	31/12/2015	02/06/2016	21/06/2016	French	PDF
Abridged model	31/12/2014	22/05/2015	29/06/2015	French	PDF
Abridged model	31/12/2013	15/05/2014	07/07/2014	French	PDF
Abridged model	31/12/2012	10/06/2013	03/07/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	08/08/2012	French	PDF
Abridged model	31/12/2010	26/05/2011	28/06/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	24/08/2010	French	PDF
Abridged model	31/12/2008	18/05/2009	13/08/2009	French	PDF
Abridged model	31/12/2007	16/05/2008	16/06/2008	French	PDF
Abridged model	31/12/2006	12/05/2007	16/05/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ALFAFIN0722.865.378Represented by Alexandre Grandjean	MandateManaging director2021 accountsended
FLS INVEST1008.745.758Represented by Florent Spote	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexandre Grandjean	Managing director2018 accountsManager2006 accounts
Fabienne Maîtrejean	Director2018 accounts
Frédéric Vandesande	Mandate2022 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates20/06/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates22/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates24/09/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates10/01/2017
Modification de la dénomination - Modification de l'objet social
PDF
Mandates26/11/2013
DEMISSIONS, NOMINATIONS
PDF
Capital / shares27/08/2007
AUGMENTATION DE CAPITAL-MODIFICATIONS DES STATUTS
PDF
Capital / shares13/07/2007
AUGMENTATION DE CAPITAL
PDF
Other13/07/2007
MODIFICATION DES STATUTS-TRANSFORMATION EN SOCIETE ANONYME
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

ALFAFIN

FLS INVEST

Fabienne Maîtrejean

Frédéric Vandesande

Alexandre Grandjean

19981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ECOFORAGEMoors-Ecoforage

Zone d'activités Nord, Bail. 29, 5377 Somme-LeuzeRoute de Williers 11, 6820 Florenville

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Zone d'activités Nord, Bail. 29, 5377 Somme-LeuzeCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00183375
Route de Williers 11, 6820 Florenville	accounts 2021 → 2023	Accounts 2023 · 2024-00162071

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ECOFORAGECurrent	accounts 2016 → 2025	Accounts 2025 · 2026-00183375
Moors-Ecoforage	accounts 2008 → 2015	Accounts 2015 · 2016-20100427
Ecoforage	accounts 2006	Accounts 2006 · 2007-14800035

Events

2025
Annual accounts 2025402,1 k €↑
2024
Annual accounts 2024389,6 k €↑
2023
Annual accounts 2023382,4 k €↑
2022
Annual accounts 2022365,1 k €↑
2021
Annual accounts 2021122,7 k €↓
2020
Annual accounts 2020341 k €↑
2019
Annual accounts 2019147,7 k €↓
2018
Annual accounts 2018155 k €↑
2017
Annual accounts 201761,3 k €↑
2016
Annual accounts 201641,3 k €↑
2016
Name changeECOFORAGE
2015
Annual accounts 2015-40,1 k €↓
2014
Annual accounts 2014112,7 k €↑
2013
Annual accounts 2013-45,2 k €↓
2012
Annual accounts 2012144,1 k €↑
2011
Annual accounts 2011-112 k €↓
2010
Annual accounts 2010-62,3 k €↓
2009
Annual accounts 200958,6 k €↑
2008
Annual accounts 20083 k €↓
2008
Name changeMoors-Ecoforage
2006
Annual accounts 200639 k €
12/10/1998
IncorporationPublic limited company

ECOFORAGE

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events