ACTIVE

E2C

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-134 k €

-1357.5% YoY

Gross margin

-39,7 k €

-154.8% YoY

Equity

9,6 M €

-1.4% YoY

What does E2C do?

E2C is a Private limited company incorporated in 2002. Its registered office is in Tournai.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.007.090

Incorporation

16/07/2002

Legal form

Private limited company

Registered office

R. de l'Eglise Sainte-Agathe(OR) 12
7501 Tournai · Wallonie

Contributed capital

2 585 600,00 €

Latest accounts

31/12/2025

Signals

Solid equity

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-39,7 k €	-155%	72,4 k €	-12.7%	83 k €	+1143%	6,7 k €	-90.4%	69,9 k €	+34.1%	52,1 k €	+458%	-14,5 k €	-65.9%	-8,8 k €	-0.8%	-8,7 k €	+40.9%	-14,7 k €	-138%	39,2 k €	+48.9%	26,3 k €	-0.9%	26,6 k €	+542%	-6 k €	-134%	-2,6 k €	-73.4%	-1,5 k €	-100%	347,9 k €	+598%	49,8 k €
EBITDA	-86,2 k €	-364%	32,7 k €	-54.6%	72,1 k €	+2005%	-3,8 k €	-106%	60,2 k €	+44.9%	41,5 k €	+330%	-18 k €	-13.2%	-15,9 k €	-66.5%	-9,6 k €	+42.4%	-16,6 k €	-144%	37,8 k €	+51.4%	25 k €	-0.8%	25,2 k €	+444%	-7,3 k €	-115%	-3,4 k €	-87.1%	-1,8 k €	-101%	347,5 k €	+602%	49,5 k €
Operating result	-133,1 k €	-842%	-14,1 k €	-156%	25,3 k €	+144%	-57,2 k €	-950%	6,7 k €	+157%	-11,9 k €	+94.0%	-197,7 k €	-1142%	-15,9 k €	-56.9%	-10,2 k €	+41.0%	-17,2 k €	-322%	7,7 k €	+271%	-4,5 k €	-4.8%	-4,3 k €	+80.7%	-22,3 k €	-21.3%	-18,4 k €	-908%	-1,8 k €	-101%	347,5 k €	+602%	49,5 k €
Net result	-134 k €	-1358%	10,7 k €	-62.4%	28,4 k €	-98.0%	1,5 M €	+113605%	1,3 k €	+102%	-59,8 k €	-103%	2,1 M €	-21.9%	2,7 M €	+32795%	8,2 k €	-99.0%	839,8 k €	+9984%	8,3 k €	+310%	-4 k €	-39.4%	-2,8 k €	+87.0%	-21,8 k €	-55.1%	-14 k €	-916%	1,7 k €	-99.3%	238,6 k €	+336%	54,7 k €
Balance sheet
Equity	9,6 M €	-1.4%	9,8 M €	+0.1%	9,7 M €	+0.3%	9,7 M €	+17.6%	8,3 M €	-15.4%	9,8 M €	-0.6%	9,8 M €	+1.0%	9,7 M €	-3.1%	10 M €	+0.1%	10 M €	+9.1%	9,2 M €	+0.1%	9,2 M €	+3189%	279,5 k €	-1.0%	282,3 k €	-7.2%	304,1 k €	-4.4%	318,1 k €	+0.5%	316,4 k €	+293%	80,4 k €
Total assets	9,8 M €	-1.4%	9,9 M €	-5.7%	10,5 M €	+0.3%	10,4 M €	-0.6%	10,5 M €	-12.3%	12 M €	-3.1%	12,4 M €	+23.0%	10,1 M €	+0.1%	10,1 M €	-0.2%	10,1 M €	+9.0%	9,2 M €	-1.2%	9,3 M €	+3099%	292,2 k €	+0.9%	289,6 k €	-8.0%	314,8 k €	-4.2%	328,4 k €	-54.3%	718,7 k €	+505%	118,8 k €
Cash	51,3 k €	+28.9%	39,8 k €	-89.7%	388,1 k €	+26.5%	306,7 k €	+5.7%	290,3 k €	-6.6%	310,8 k €	-30.0%	443,8 k €	+103%	218,8 k €	-4.0%	228 k €	-69.9%	758,3 k €	+1214%	57,7 k €	-64.5%	162,6 k €	+12.3%	144,8 k €	-34.2%	220,1 k €	-4.3%	230 k €	-24.6%	304,9 k €	-11.7%	345,5 k €	+262%	95,4 k €
Debts	133,9 k €	-0.0%	134 k €	-81.8%	737,9 k €	+0.6%	733,7 k €	-67.4%	2,2 M €	+1.6%	2,2 M €	-12.9%	2,5 M €	+680%	325,8 k €	+7543%	4,3 k €	-85.3%	29 k €	-13.5%	33,6 k €	-78.6%	157 k €	+1127%	12,8 k €	+75.8%	7,3 k €	-31.8%	10,7 k €	+3.6%	10,3 k €	-97.4%	402,2 k €	+948%	38,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Jean-Jacques Fourmaux

Director · since 16 juillet 2002

Active

Ended mandates

Jean-Jacques Fourmaux

Manager · since 16 juillet 2002

Ended

Jean Jacques Fourmaux

Manager

Ended

Jean-Jacques Fourmaux

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
HD BIKE● Active	0478.007.288
PREMIUM● Active	0892.164.626
SERTHI● Active	0885.714.819
SERVIT MANAGEMENT● Active	0756.598.020

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	30/07/2026	13/08/2025	11/07/2024	13/07/2023	13/06/2022	15/07/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	01/06/2026	30/07/2026	French	PDF
Micro model	31/12/2024	02/06/2025	13/08/2025	French	PDF
Micro model	31/12/2023	03/06/2024	11/07/2024	French	PDF
Abridged model	31/12/2022	05/06/2023	13/07/2023	French	PDF
Abridged model	31/12/2021	07/06/2022	13/06/2022	French	PDF
Abridged model	31/12/2020	07/06/2021	15/07/2021	French	PDF
Abridged model	31/12/2019	02/06/2020	27/08/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	08/07/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	23/07/2018	French	PDF
Abridged model	31/12/2016	05/06/2017	14/07/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	11/07/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	20/08/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	17/05/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	26/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 3 ended

Active mandates

Jean-Jacques Fourmaux

Director · since 16 juillet 2002

Active

Ended mandates

Jean-Jacques Fourmaux

Manager · since 16 juillet 2002

Ended

Jean Jacques Fourmaux

Manager

Ended

Jean-Jacques Fourmaux

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other28/03/2025
DIVERS
PDF
Registered office22/04/2021
SIEGE SOCIAL
PDF
Mandates11/01/2021
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates30/11/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares08/11/2017
CAPITAL, ACTIONS
PDF
Capital / shares01/07/2016
CAPITAL, ACTIONS
PDF
Registered office09/01/2013
SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025-134 k €↓
2024
Annual accounts 202410,7 k €↓
2023
Annual accounts 202328,4 k €↓
2022
Annual accounts 20221,5 M €↑
2021
Annual accounts 20211,3 k €↑
2018
Annual accounts 2018-59,8 k €↓
2017
Annual accounts 20172,1 M €↓
2016
Annual accounts 20162,7 M €↑
2015
Annual accounts 20158,2 k €↓
2014
Annual accounts 2014839,8 k €↑
2013
Annual accounts 20138,3 k €↑
2012
Annual accounts 2012-4 k €↓
2011
Annual accounts 2011-2,8 k €↑
2010
Annual accounts 2010-21,8 k €↓
2009
Annual accounts 2009-14 k €↓
2008
Annual accounts 20081,7 k €↓
2007
Annual accounts 2007238,6 k €↑
2006
Annual accounts 200654,7 k €
16/07/2002
IncorporationPrivate 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

E2C

Overview

What does E2C do?

Trend over 18 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