ACTIVE

ECOFROST

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Financial year 2024 · closed on 31/03/2024

Net result

102,5 M €

+5869.4% YoY

Revenue

582,1 M €

+210.6% YoY

Equity

158,1 M €

+181.4% YoY

Workforce

147,2 ETP

+36.8% YoY

What does ECOFROST do?

ECOFROST is a Public limited company incorporated in 2001. Its registered office is in Péruwelz. It employs on average 147,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.512.410

Incorporation

23/08/2001

Legal form

Public limited company

Registered office

Rue de l'Europe(PER) 34
7600 Péruwelz · WallonieSee on map

Contributed capital

1 860 000,00 €

Latest accounts

31/03/2024

Average workforce

147,2 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 3 financial years

	2024		2022		2007
Income statement
Revenue	582,1 M €	+211%	187,4 M €	+394%	37,9 M €
EBITDA	154,3 M €	+2456%	6 M €	+26.3%	4,8 M €
Operating result	141,1 M €	+56609%	-249,8 k €	-139%	632,6 k €
Net result	102,5 M €	+5869%	1,7 M €	+132%	739,1 k €
Balance sheet
Equity	158,1 M €	+181%	56,2 M €	+1607%	3,3 M €
Total assets	279,1 M €	+156%	109 M €	+360%	23,7 M €
Cash	44,4 M €	+276%	11,8 M €	+766%	1,4 M €
Debts	120,2 M €	+133%	51,7 M €	+158%	20 M €
Other
Workforce	147,2 ETP	+36.8%	107,6 ETP	+374%	22,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2024 · 2 active · 17 ended

Active mandates

D & P VERVAEKE

Managing director · since 29 avril 2020 · until 20 septembre 2029 · 0862.345.341

Represented by Pol VERVAEKE

Active

LUC & MARC INVEST

Managing director · since 29 avril 2020 · until 20 septembre 2029 · 0841.024.543

Represented by Marc HOFLACK

Active

Ended mandates

D & P VERVAEKE

Managing director · since 29 avril 2020 · until 29 avril 2026 · 0862.345.341

Represented by Vervaeke Pol

Ended

LUC & MARC INVEST

Managing director · since 29 avril 2020 · until 29 avril 2026 · 0841.024.543

Represented by Hoflack Marc

Ended

D & P VERVAEKE

Managing director · since 16 décembre 2016 · until 17 décembre 2021 · 0862.345.341

Represented by Vervaeke Pol

Ended

D & P VERVAEKE

Managing director · since 16 décembre 2016 · until 17 décembre 2021 · 0862.345.341

Represented by Pol Vervaeke

Ended

At this address

Other companies at this address

Company	CBE no.
LUC & MARC INVEST● Active	0841.024.543

Annual accounts

Full financial information

	2024	2022	2021	2019	2018	2017
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/06/2022	01/06/2021	01/07/2019	01/07/2018	01/07/2017	01/07/2016
Closing of the financial year	31/03/2024	31/05/2022	31/05/2021	30/06/2019	30/06/2018	30/06/2017
Length of the financial year	22 months	12 months	23 months	12 months	12 months	12 months
Filing date	14/11/2024	29/12/2022	29/12/2021	31/01/2020	31/01/2019	31/01/2018
General meeting	30/10/2024	23/12/2022	22/12/2021	24/01/2020	21/12/2018	15/01/2018
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2024	30/10/2024	14/11/2024	French	PDF
Full model	31/05/2022	23/12/2022	29/12/2022	French	PDF
Full model	31/05/2021	22/12/2021	29/12/2021	French	PDF
Full model	30/06/2019	24/01/2020	31/01/2020	French	PDF
Full model	30/06/2018	21/12/2018	31/01/2019	French	PDF
Full model	30/06/2017	15/01/2018	31/01/2018	French	PDF
Full model	30/06/2016	16/12/2016	26/01/2017	French	PDF
Full model	30/06/2015	18/12/2015	15/01/2016	French	PDF
Full model	30/09/2013	14/03/2014	15/05/2014	French	PDF
Full model	31/12/2011	08/06/2012	21/08/2012	French	PDF
Full model	31/12/2010	30/06/2011	04/07/2011	French	PDF
Full model	31/12/2009	11/06/2010	25/06/2010	French	PDF
Full model	31/12/2008	12/06/2009	16/06/2009	French	PDF
Full model	31/05/2007	16/11/2007	14/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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 31/03/2024 · 2 active · 17 ended

Active mandates

D & P VERVAEKE

Managing director · since 29 avril 2020 · until 20 septembre 2029 · 0862.345.341

Represented by Pol VERVAEKE

Active

LUC & MARC INVEST

Managing director · since 29 avril 2020 · until 20 septembre 2029 · 0841.024.543

Represented by Marc HOFLACK

Active

Ended mandates

D & P VERVAEKE

Managing director · since 29 avril 2020 · until 29 avril 2026 · 0862.345.341

Represented by Vervaeke Pol

Ended

LUC & MARC INVEST

Managing director · since 29 avril 2020 · until 29 avril 2026 · 0841.024.543

Represented by Hoflack Marc

Ended

D & P VERVAEKE

Managing director · since 16 décembre 2016 · until 17 décembre 2021 · 0862.345.341

Represented by Vervaeke Pol

Ended

D & P VERVAEKE

Managing director · since 16 décembre 2016 · until 17 décembre 2021 · 0862.345.341

Represented by Pol Vervaeke

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other04/04/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates13/04/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates12/08/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates08/05/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates19/02/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2017
DEMISSIONS, NOMINATIONS
PDF
Other04/05/2015
OBJET
PDF
Other08/09/2014
ANNEE COMPTABLE
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

2024
Annual accounts 2024102,5 M €↑
30/03/2023
nominationLUC & MARC INVEST — administrateur non statutaire
30/03/2023
nominationD & P VERVAEKE — administrateur non statutaire
30/03/2023
nominationLUC & MARC INVEST — administrateur-délégué
30/03/2023
nominationD & P VERVAEKE — administrateur-délégué
2022
Annual accounts 20221,7 M €↑
24/01/2020
nominationV.G.D. Bedrijfsrevisoren — commissaire
2007
Annual accounts 2007739,1 k €
23/08/2001
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

ECOFROST

Overview

What does ECOFROST do?

Trend over 3 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