ACTIVE

ECG Clinics

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Financial year 2025 · closed on 31/12/2025

Net result

-2,1 M €

-456.8% YoY

Revenue

1,3 M €

+2.2% YoY

Equity

25,1 M €

+91.4% YoY

Workforce

2,8 ETP

+40.0% YoY

What does ECG Clinics do?

ECG Clinics is a Private limited company incorporated in 2013. Its main activity is: Activities of holding companies. Its registered office is in Lummen. It employs on average 2,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0537.228.956

Incorporation

26/07/2013

Legal form

Private limited company

Registered office

Paalstraat 8
3560 Lummen · FlandreSee on map

Contributed capital

26 790 536,24 €

Latest accounts

31/12/2025

Average workforce

2,8 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.+2

Signals

Healthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Revenue	1,3 M €	+2.2%	1,2 M €	+3.1%	1,2 M €		–		–		–		–		–		–		–		–		–
EBITDA	-478,8 k €	-228%	375 k €	+64.8%	227,6 k €	+95.1%	116,7 k €	-67.1%	354,6 k €	+294%	90 k €	-76.6%	384,1 k €	+47.0%	261,2 k €	-8.6%	286 k €	+9.5%	261,1 k €	+18.3%	220,6 k €	+62.0%	136,2 k €
Operating result	-586,9 k €	-293%	303,4 k €	+70.0%	178,5 k €	+176%	64,6 k €	-78.7%	302,6 k €	+410%	59,3 k €	-83.4%	358,4 k €	+83.3%	195,5 k €	+4.1%	187,8 k €	+5.0%	178,8 k €	+29.8%	137,8 k €	+494%	23,2 k €
Net result	-2,1 M €	-457%	-383 k €	-180%	477 k €	-14.2%	556,1 k €	+328%	-243,6 k €	-528%	56,9 k €	-77.3%	251,3 k €	+88.6%	133,3 k €	+11.5%	119,5 k €	+7.4%	111,3 k €	+34.1%	83 k €	+898%	8,3 k €
Balance sheet
Equity	25,1 M €	+91.4%	13,1 M €	-2.8%	13,5 M €	+28.8%	10,5 M €	+60.9%	6,5 M €	+5361%	119,4 k €	+91.1%	62,5 k €	0.0%	62,5 k €	0.0%	62,5 k €	0.0%	62,5 k €	0.0%	62,5 k €	+7.2%	58,3 k €
Total assets	90 M €	+96.7%	45,8 M €	+0.9%	45,3 M €	+8.5%	41,8 M €	+71.2%	24,4 M €	+3027%	780,8 k €	+39.0%	561,6 k €	+23.9%	453,3 k €	-26.9%	620,4 k €	+17.0%	530,3 k €	+0.5%	527,5 k €	+10.2%	478,5 k €
Cash	836,7 k €	+233%	251,2 k €	-49.3%	495,1 k €	+660%	65,1 k €	+39.6%	46,7 k €	-84.2%	295,4 k €	-14.9%	347,2 k €	+147%	140,7 k €	-50.5%	284,4 k €	+43.9%	197,7 k €	-15.3%	233,4 k €	+113%	109,8 k €
Debts	63,9 M €	+96.4%	32,5 M €	+3.3%	31,5 M €	+2.2%	30,8 M €	+72.4%	17,9 M €	+2606%	660,8 k €	+32.4%	499,1 k €	+27.7%	390,8 k €	-30.0%	557,9 k €	+19.3%	467,8 k €	+0.6%	465 k €	+11.2%	418,2 k €
Other
Workforce	2,8 ETP	+40.0%	2,0 ETP	-9.1%	2,2 ETP	+4.8%	2,1 ETP	+133%	0,9 ETP	-55.0%	2,0 ETP	+5.3%	1,9 ETP	-5.0%	2,0 ETP		–		–		1,6 ETP	+700%	0,2 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 · 13 ended

Active mandates

T&K Partners

Director · since 15 octobre 2025 · 1027.642.744

Represented by Tom Mariën

Active

ECG Ambulatory Care

Director · since 02 février 2021 · until 15 octobre 2025 · 0895.598.525

Represented by Tom Mariën

Active

Ended mandates

ECG Ambulatory Care

Director · since 02 février 2021 · 0895.598.525

Represented by Tom Mariën

Ended

SHATAL

Director · since 02 février 2021 · 0476.699.768

Represented by Tom Mariën

Ended

SHATAL

Director · since 02 février 2021 · 0476.699.768

Represented by Tom Mariën

Ended

SHATAL

Manager · since 01 janvier 2016 · 0476.699.768

Represented by Tom Mariën

Ended

At this address

Other companies at this address

Company	CBE no.
EC-eenheid● Active	0765.367.117
ECG BidCo● Active	1025.444.111
ECG Fertility● Active	1035.420.263
ECG FinCo● Active	1028.062.022
ECG International● Active	1025.443.517
ECG KM Partnership● Active	1033.566.375
ECG Labs● Active	0799.561.793
ECG Medical Care● Active	0803.058.248
ECG Partnership● Active	1033.565.385
EQUINE CARE GROUP● Active	0762.699.617
Equine Vets● Active	0762.642.902
EQUITOM● Active	0891.645.378
EQUITOM FOUNDATION● Active	1019.854.040
TM Partnership● Active	1032.700.305

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full 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	01/07/2026	26/06/2025	24/07/2024	12/07/2023	29/06/2022	26/07/2021
General meeting	18/06/2026	19/06/2025	12/07/2024	15/06/2023	16/06/2022	17/06/2021
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

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Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	19/06/2025	26/06/2025	Dutch	PDF
Full model	31/12/2023	12/07/2024	24/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	12/07/2023	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	17/06/2021	26/07/2021	Dutch	PDF
Abridged model	31/12/2019	18/06/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	06/08/2019	Dutch	PDF
Micro model	31/12/2017	21/06/2018	31/07/2018	Dutch	PDF
Micro model	31/12/2016	15/06/2017	14/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	19/07/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	13/08/2015	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 · 13 ended

Active mandates

T&K Partners

Director · since 15 octobre 2025 · 1027.642.744

Represented by Tom Mariën

Active

ECG Ambulatory Care

Director · since 02 février 2021 · until 15 octobre 2025 · 0895.598.525

Represented by Tom Mariën

Active

Ended mandates

ECG Ambulatory Care

Director · since 02 février 2021 · 0895.598.525

Represented by Tom Mariën

Ended

SHATAL

Director · since 02 février 2021 · 0476.699.768

Represented by Tom Mariën

Ended

SHATAL

Director · since 02 février 2021 · 0476.699.768

Represented by Tom Mariën

Ended

SHATAL

Manager · since 01 janvier 2016 · 0476.699.768

Represented by Tom Mariën

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/08/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares29/07/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates09/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares02/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares03/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - KAPITAAL - AANDELEN
PDF
Capital / shares26/08/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
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 2025-2,1 M €↓
15/10/2025
nominationT&K Partners BV — bestuurder
17/07/2025
apport
17/07/2025
apport
17/07/2025
apport
15/07/2025
augmentation_capital
2024
Annual accounts 2024-383 k €↓
30/10/2024
nominationMichel Dupont — commissaris
30/10/2024
nominationGert Maris — commissaris
2023
Annual accounts 2023477 k €↓
06/12/2023
augmentation_capital
25/07/2023
augmentation_capital
2022
Annual accounts 2022556,1 k €↑
23/09/2022
augmentation_capital
18/08/2022
augmentation_capital
18/08/2022
augmentation_capital
2021
Annual accounts 2021-243,6 k €↓
2021
Name changeECG Clinics
2020
Annual accounts 202056,9 k €↓
2019
Annual accounts 2019251,3 k €↑
2018
Annual accounts 2018133,3 k €↑
2017
Annual accounts 2017119,5 k €↑
2016
Annual accounts 2016111,3 k €↑
2015
Annual accounts 201583 k €↑
2014
Annual accounts 20148,3 k €
2014
Name changeEQUINE DIAGNOSTIC CENTRE
26/07/2013
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

ECG Clinics

Overview

What does ECG Clinics do?

Trend over 12 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