ACTIVE

ECORES

Financial year 2025 · closed on 31/12/2025
Net result
4,5 k €
+108.9% YoY
Revenue
1,1 M €
-26.3% YoY
Equity
67 k €
+10.7% YoY
Workforce
9,2 ETP
-22.0% YoY

What does ECORES do?

ECORES is a Cooperative society incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Saint-Gilles. It employs on average 9,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0473.134.425
Incorporation
26/10/2000
Legal form
Cooperative society
Registered office
Rue Fernand Bernier 15
1060 Saint-Gilles · BruxellesSee on map
Contributed capital
43 604,46 €
Latest accounts
31/12/2025
Average workforce
9,2 ETP
Joint committees (2)
  • 200
  • 218
Contacts
4 public details availableLog in to view
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Revenue1,1 M €1,5 M €
EBITDA16,9 k €-41,3 k €12,5 k €25 k €68,2 k €39,3 k €5,1 k €9,8 k €17,6 k €22,8 k €17,4 k €18,6 k €25,3 k €26 k €30,7 k €27,1 k €3,3 k €6,7 k €1,1 k €
Operating result16,5 k €-41,5 k €12,5 k €24,3 k €67,7 k €36,8 k €-1,8 k €8,5 k €17,6 k €22,2 k €16,1 k €17,6 k €19 k €20,1 k €25,9 k €22,7 k €-1,3 k €5,5 k €742 €
Net result4,5 k €-50,7 k €1,4 k €2,5 k €45,7 k €27,1 k €-5,2 k €169,8 €4,5 k €-2,4 k €314,1 €1,6 k €897,4 €-3,8 k €10,9 k €10,9 k €-8,3 k €-1,1 k €-22 €
Balance sheet
Equity67 k €60,5 k €109,3 k €104,5 k €97,3 k €81,6 k €51,7 k €56,8 k €56,7 k €52,2 k €52,2 k €51,9 k €50,3 k €49,4 k €59,7 k €49,7 k €13,7 k €9,6 k €10,7 k €
Total assets775,6 k €626 k €1,1 M €1,2 M €1,3 M €1,1 M €468,6 k €627,2 k €820,9 k €775,6 k €835,4 k €462,5 k €611,5 k €567,7 k €649,3 k €499,7 k €417,9 k €177,6 k €117,1 k €
Cash81 k €7,5 k €44,2 k €154,4 k €168,3 k €152,2 k €53 k €34,5 k €6,3 k €648,6 €1 k €5,3 k €15,3 k €24,3 k €304,3 k €41,8 k €60,5 k €18,3 k €12,3 k €
Debts592 k €547,5 k €759,5 k €730,7 k €873,8 k €625,1 k €199,5 k €201,2 k €212,1 k €461,7 k €461,3 k €378 k €477,1 k €443,1 k €589,1 k €405,6 k €382,3 k €167,9 k €106,3 k €
Other
Workforce9,2 ETP11,8 ETP13,8 ETP12,2 ETP11,8 ETP7,9 ETP7,7 ETP7,2 ETP7,0 ETP6,8 ETP7,0 ETP6,5 ETP7,0 ETP7,4 ETP6,7 ETP5,6 ETP7,1 ETP4,0 ETP2,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 40 ended

Active mandates

Marc LEMAIRE

Chairman of the board of directors · since 23 février 2023 · until 28 mars 2024

Active
Anne-Sophie Ansenne

Director · since 27 juin 2022 · until 26 juin 2025

Active
GROUPE ONE

Director · since 27 juin 2022 · until 26 juin 2025 · 0461.788.294

Represented by Géraldine Yernaux

Active
Xavier Pouria

Director · since 27 juin 2022 · until 26 juin 2025

Active
Marc LEMAIRE

Director · since 29 mars 2018 · until 28 mars 2024

Active
Bertrand Merckx

Director

Active

Ended mandates

Thomas Moreau

Director · since 09 juillet 2024 · until 08 juillet 2027

Ended
Bertrand Merckx

Director · since 27 juin 2023 · until 09 juillet 2024

Ended
Marc LEMAIRE

Chairman of the board of directors · since 23 février 2023 · until 08 juillet 2027

Ended
Anne Sopie Ansenne

Director · since 27 juin 2022 · until 26 juin 2025

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/08/202621/01/202622/07/202424/07/202309/08/202216/07/2021
General meeting29/06/202623/06/202509/07/202427/06/202327/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/06/202618/08/2026FrenchPDF
Abridged model31/12/202423/06/202521/01/2026FrenchPDF
Abridged model31/12/202309/07/202422/07/2024FrenchPDF
Abridged model31/12/202227/06/202324/07/2023FrenchPDF
Abridged model31/12/202127/06/202209/08/2022FrenchPDF
Abridged model31/12/202030/06/202116/07/2021FrenchPDF
Abridged model31/12/201923/06/202023/07/2020FrenchPDF
Abridged model31/12/201825/06/201918/07/2019FrenchPDF
Abridged model31/12/201729/03/201829/03/2018FrenchPDF
Abridged model31/12/201630/06/201716/07/2017FrenchPDF
Abridged model31/12/201514/11/201630/06/2017FrenchPDF
Abridged model31/12/201429/06/201503/07/2015FrenchPDF
Abridged model31/12/201320/06/201403/07/2015FrenchPDF
Abridged model31/12/201226/10/201311/12/2013FrenchPDF
Abridged model31/12/201126/10/201227/06/2013FrenchPDF
Abridged model31/12/201008/09/201107/12/2011FrenchPDF
Abridged model31/12/200923/08/201027/08/2010FrenchPDF
Abridged model31/12/200818/08/200921/08/2009FrenchPDF
Abridged model31/12/200710/07/200822/07/2008FrenchPDF
Abridged model30/09/200627/03/200730/03/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 6 active · 40 ended

Active mandates

Marc LEMAIRE

Chairman of the board of directors · since 23 février 2023 · until 28 mars 2024

Active
Anne-Sophie Ansenne

Director · since 27 juin 2022 · until 26 juin 2025

Active
GROUPE ONE

Director · since 27 juin 2022 · until 26 juin 2025 · 0461.788.294

Represented by Géraldine Yernaux

Active
Xavier Pouria

Director · since 27 juin 2022 · until 26 juin 2025

Active
Marc LEMAIRE

Director · since 29 mars 2018 · until 28 mars 2024

Active
Bertrand Merckx

Director

Active

Ended mandates

Thomas Moreau

Director · since 09 juillet 2024 · until 08 juillet 2027

Ended
Bertrand Merckx

Director · since 27 juin 2023 · until 09 juillet 2024

Ended
Marc LEMAIRE

Chairman of the board of directors · since 23 février 2023 · until 08 juillet 2027

Ended
Anne Sopie Ansenne

Director · since 27 juin 2022 · until 26 juin 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares26/08/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - CAPITAL, ACTIONS
    PDF
  • Registered office24/11/2023
    SIEGE SOCIAL
    PDF
  • Mandates27/01/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/01/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/10/2020
    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

Timeline

  1. 2025
    Annual accounts 20254,5 k €
  2. 2024
    Annual accounts 2024-50,7 k €
  3. 2023
    Annual accounts 20231,4 k €
  4. 2022
    Annual accounts 20222,5 k €
  5. 2021
    Annual accounts 202145,7 k €
  6. 2020
    Annual accounts 202027,1 k €
  7. 2019
    Annual accounts 2019-5,2 k €
  8. 2018
    Annual accounts 2018169,8 €
  9. 2017
    Annual accounts 20174,5 k €
  10. 2016
    Annual accounts 2016-2,4 k €
  11. 2015
    Annual accounts 2015314,1 €
  12. 2014
    Annual accounts 20141,6 k €
  13. 2013
    Annual accounts 2013897,4 €
  14. 2012
    Annual accounts 2012-3,8 k €
  15. 2011
    Annual accounts 201110,9 k €
  16. 2010
    Annual accounts 201010,9 k €
  17. 2009
    Annual accounts 2009-8,3 k €
  18. 2008
    Annual accounts 2008-1,1 k €
  19. 2007
    Annual accounts 2007-22 €
  20. 26/10/2000
    IncorporationCooperative society