ACTIVE

ECOSEARCH

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Financial year 2025 · closed on 31/12/2025

Net result

3,6 M €

-35.5% YoY

Revenue

1,6 M €

-33.4% YoY

Equity

58,4 M €

+6.6% YoY

Workforce

3,1 ETP

+3.3% YoY

What does ECOSEARCH do?

ECOSEARCH is a Private limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Huldenberg. It employs on average 3,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.297.892

Incorporation

09/09/2002

Legal form

Private limited company

Registered office

V. Philipsstraat 22
3040 Huldenberg · FlandreSee on map

Contributed capital

5 508 600,00 €

Latest accounts

31/12/2025

Average workforce

3,1 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 93053Sports activities and amusement and recreation activities 96099Other personal service activities n.e.c.96999Other personal service activities

Joint committees (5)

140
14003
14004
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,6 M €	-33.4%	2,5 M €	-48.7%	4,8 M €	-9.1%	5,3 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		2,1 M €	-38.1%	3,3 M €	-20.0%	4,1 M €
EBITDA	316,5 k €	-14.7%	371 k €	-25.8%	500,2 k €	+68.2%	297,4 k €	-5.6%	315,1 k €	-14.7%	369,5 k €	+18.2%	312,6 k €	-15.9%	371,5 k €	-24.1%	489,7 k €	-2.7%	503,4 k €	+90.6%	264,1 k €	-19.7%	328,9 k €	-8.4%	358,9 k €	-55.2%	801,5 k €	+69.5%	472,8 k €	+21.0%	390,7 k €	-13.9%	454 k €	+73.9%	261 k €	-58.7%	632,6 k €	-41.1%	1,1 M €
Operating result	278,8 k €	-15.6%	330,1 k €	-30.6%	475,9 k €	+75.5%	271,1 k €	-7.9%	294,5 k €	-16.8%	354,1 k €	+27.6%	277,5 k €	-16.8%	333,7 k €	-26.2%	452 k €	-1.5%	458,9 k €	+96.0%	234,1 k €	-21.4%	297,8 k €	-12.3%	339,5 k €	-55.2%	757,1 k €	+83.7%	412,3 k €	+28.9%	319,8 k €	-20.1%	400 k €	+93.5%	206,8 k €	-66.7%	621,4 k €	-41.5%	1,1 M €
Net result	3,6 M €	-35.5%	5,6 M €	+136%	2,4 M €	+190%	815,7 k €	-89.8%	8 M €	-61.5%	20,7 M €	+4477%	453,3 k €	-62.5%	1,2 M €	-41.4%	2,1 M €	-49.1%	4 M €	+80.0%	2,3 M €	+187%	783 k €	+98.2%	395,1 k €	-36.6%	622,8 k €	+80.9%	344,2 k €	+5.9%	324,9 k €	-0.3%	325,9 k €	-8.6%	356,6 k €	-48.5%	692 k €	-4.0%	721 k €
Balance sheet
Equity	58,4 M €	+6.6%	54,8 M €	+11.3%	49,2 M €	+5.0%	46,9 M €	+1.7%	46,1 M €	+21.0%	38,1 M €	+120%	17,3 M €	+2.7%	16,9 M €	+7.7%	15,7 M €	+15.1%	13,6 M €	+42.3%	9,6 M €	+107%	4,6 M €	+20.4%	3,8 M €	+2.3%	3,7 M €	+19.9%	3,1 M €	+11.4%	2,8 M €	+12.0%	2,5 M €	+13.9%	2,2 M €	+18.1%	1,9 M €	+56.5%	1,2 M €
Total assets	58,6 M €	+6.6%	55 M €	+11.0%	49,5 M €	+4.7%	47,3 M €	+1.7%	46,5 M €	+20.7%	38,5 M €	+104%	18,9 M €	-2.7%	19,4 M €	-6.3%	20,7 M €	-8.1%	22,5 M €	+24.6%	18,1 M €	-8.2%	19,7 M €	+405%	3,9 M €	+0.3%	3,9 M €	+4.1%	3,7 M €	+12.2%	3,3 M €	+11.9%	3 M €	+7.7%	2,8 M €	+11.5%	2,5 M €	+1.2%	2,4 M €
Cash	10,2 M €	+4405%	227,3 k €	-98.4%	14,5 M €	+131%	6,3 M €	-78.2%	28,7 M €	+41.2%	20,3 M €	+1567%	1,2 M €	-28.9%	1,7 M €	-49.4%	3,4 M €	-27.4%	4,7 M €	+663%	611,6 k €	-62.6%	1,6 M €	+120%	742,1 k €	-34.8%	1,1 M €	-58.9%	2,8 M €	+6.8%	2,6 M €	+13.9%	2,3 M €	+12.9%	2 M €	+18.7%	1,7 M €	+195%	575,7 k €
Debts	222,5 k €	+11.5%	199,6 k €	-34.7%	305,8 k €	-27.3%	420,7 k €	+1.0%	416,7 k €	-6.9%	447,6 k €	-69.9%	1,5 M €	-39.2%	2,4 M €	-49.6%	4,9 M €	-43.6%	8,6 M €	+4.7%	8,2 M €	-45.6%	15,1 M €	+21563%	69,7 k €	-50.1%	139,7 k €	-57.1%	325,4 k €	+35.9%	239,3 k €	+27.7%	187,5 k €	-33.3%	281 k €	+111%	133,3 k €	-82.8%	774,6 k €
Other
Workforce	3,1 ETP	+3.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+3.4%	2,9 ETP	-3.3%	3,0 ETP	-23.1%	3,9 ETP	0.0%	3,9 ETP	+2.6%	3,8 ETP	+31.0%	2,9 ETP	0.0%	2,9 ETP	+52.6%	1,9 ETP	+90.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-16.7%	1,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

Michel Vande Voorde

Director · since 21 mars 2022

Active

Sofie Vanden Eynde

Director · since 21 mars 2022

Active

Ended mandates

Sofie Vanden Eynde

Director · since 01 avril 2008

Ended

Sofie Vanden Eynde

Manager · since 01 avril 2008

Ended

Michel Vande Voorde

Director · since 02 décembre 2002

Ended

Michel Vande Voorde

Manager · since 02 décembre 2002

Ended

At this address

Other companies at this address

Company	CBE no.
NEGOTIE en VALORISATIE van MATERIALEN● Active	0440.876.876

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full 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	15/06/2026	21/05/2025	24/05/2024	05/10/2023	22/06/2022	08/06/2021
General meeting	18/05/2026	19/05/2025	21/05/2024	15/05/2023	16/05/2022	17/05/2021
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

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Filings

Annual accounts filings

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/05/2026	15/06/2026	Dutch	PDF
Full model	31/12/2024	19/05/2025	21/05/2025	Dutch	PDF
Full model	31/12/2023	21/05/2024	24/05/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	05/10/2023	Dutch	PDF
Abridged model	31/12/2021	16/05/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	17/05/2021	08/06/2021	Dutch	PDF
Abridged model	31/12/2019	24/08/2020	03/09/2020	Dutch	PDF
Abridged model	31/12/2018	20/05/2019	21/06/2019	Dutch	PDF
Abridged model	31/12/2017	22/05/2018	12/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	21/06/2016	Dutch	PDF
Abridged model	31/12/2014	18/05/2015	03/06/2015	Dutch	PDF
Abridged model	31/12/2013	19/05/2014	22/05/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	24/05/2013	Dutch	PDF
Abridged model	31/12/2011	21/05/2012	30/05/2012	Dutch	PDF
Abridged model	31/12/2010	16/05/2011	08/06/2011	Dutch	PDF
Abridged model	31/12/2009	17/05/2010	04/06/2010	Dutch	PDF
Abridged model	31/12/2008	18/05/2009	05/06/2009	Dutch	PDF
Abridged model	31/12/2007	19/05/2008	17/06/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	04/07/2007	Dutch	PDF
Abridged model	31/12/2005	15/05/2006	16/06/2006	Dutch	PDF
Abridged model	31/12/2004	17/05/2005	08/07/2005	Dutch	PDF
Abridged model	31/12/2003	17/05/2004	28/06/2004	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 2 active · 8 ended

Active mandates

Michel Vande Voorde

Director · since 21 mars 2022

Active

Sofie Vanden Eynde

Director · since 21 mars 2022

Active

Ended mandates

Sofie Vanden Eynde

Director · since 01 avril 2008

Ended

Sofie Vanden Eynde

Manager · since 01 avril 2008

Ended

Michel Vande Voorde

Director · since 02 décembre 2002

Ended

Michel Vande Voorde

Manager · since 02 décembre 2002

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/03/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/01/2016
KAPITAAL - AANDELEN
PDF
Capital / shares06/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/05/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/02/2006
MAATSCHAPPELIJKE ZETEL
PDF
Other23/12/2002
DOEL
PDF
Other17/09/2002
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 20253,6 M €↓
2024
Annual accounts 20245,6 M €↑
2023
Annual accounts 20232,4 M €↑
2022
Annual accounts 2022815,7 k €↓
2021
Annual accounts 20218 M €↓
2020
Annual accounts 202020,7 M €↑
2019
Annual accounts 2019453,3 k €↓
2018
Annual accounts 20181,2 M €↓
2017
Annual accounts 20172,1 M €↓
2016
Annual accounts 20164 M €↑
2015
Annual accounts 20152,3 M €↑
2014
Annual accounts 2014783 k €↑
2013
Annual accounts 2013395,1 k €↓
2012
Annual accounts 2012622,8 k €↑
2011
Annual accounts 2011344,2 k €↑
2010
Annual accounts 2010324,9 k €↓
2009
Annual accounts 2009325,9 k €↓
2008
Annual accounts 2008356,6 k €↓
2007
Annual accounts 2007692 k €↓
2006
Annual accounts 2006721 k €
09/09/2002
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

ECOSEARCH

Overview

What does ECOSEARCH do?

Trend over 20 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