ACTIVE

ECOSTAL GROUP

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Financial year 2025 · Closed on 31/12/2025

Net result133,4 k €+100,4 %over 1 year

Revenue3,7 M €+159,2 %over 1 year

Equity178,6 M €+0,1 %over 1 year

Workforce6,4 ETP+178,3 %over 1 year

Identity

Source · BCE/KBO

ECOSTAL GROUP is a Public limited company incorporated in 2020. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Soumagne. It employs on average 6,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0757.661.456
Incorporation: 30/10/2020
Legal form: Public limited company
Registered office: Rue du Relais(CER) 1
4632 Soumagne · WallonieSee on map
Contributed capital: 209 541 477,00 €
Latest accounts: 31/12/2025
Average workforce: 6,4 ETP

Activities (NACE)

46500Wholesale of information and communication equipment· main 46520Wholesale of electronic and telecommunications equipment and parts 64200Activities of holding companies 64210Activities of holding companies 43410Specialised construction activities 43910Roofing activities+6

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 5 filings

Trend over 5 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	3,7 M €	+159%	1,4 M €	+575%	212,9 k €		–		–
EBITDA	-548,3 k €	+35.1%	-844,2 k €	-2425%	-33,4 k €	+15.9%	-39,8 k €	-448%	11,4 k €
Operating result	-822,3 k €	+5.2%	-867,5 k €	-2243%	-37 k €	+15.2%	-43,7 k €	-674%	7,6 k €
Net result	133,4 k €	+100%	-31,5 M €	-16291%	194,8 k €	-31.6%	284,6 k €	+1983%	-15,1 k €
Balance sheet
Equity	178,6 M €	+0.1%	178,5 M €	+10.6%	161,4 M €	+30975%	519,5 k €	+121%	234,9 k €
Total assets	193,8 M €	+2.0%	190 M €	+8.4%	175,3 M €	+3925%	4,4 M €	-2.6%	4,5 M €
Cash	458,8 k €	+5.7%	433,9 k €	+157%	168,9 k €	+974%	15,7 k €	-64.4%	44,2 k €
Debts	15 M €	+31.6%	11,4 M €	-18.0%	13,9 M €	+264%	3,8 M €	-9.7%	4,2 M €
Other
Workforce	6,4 ETP	+178%	2,3 ETP	+130%	1,0 ETP	+66.7%	0,6 ETP	-66.7%	1,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
WE Environnement0426.516.918Represented by Renaud Schetter	Director28/03/2025 → 18/06/2030
GTM GROUP0685.452.676Represented by Loïc-Marie Pequignot	Managing director07/02/2025 → 18/06/2030Directorlisted until the 2024 accountsended
ARVEST GROUP0838.550.746Represented by Yves Warnant	Chairman of the board of directors06/12/2023 → 19/06/2029Director06/12/2023 → 2024 accountsended
THEMA INVEST0849.814.327Represented by Stéphane Dauvister	Managing director06/12/2023 → 19/06/2029Chairman of the board of directors01/01/2022 → 2023 accountsendedDirector01/01/2022 → 2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SPARAXIS0452.116.307Represented by Loïc Sacre	Director19/08/2024 → 2024 accounts
CPM-Partners0841.602.088Represented by Christophe Piron	Managing director06/12/2023 → 2023 accounts
ENEVISION0825.752.387Represented by Christophe Degrez	Chairman of the board of directors06/12/2023 → 2024 accountsDirector06/12/2023 → 2023 accounts

Other companies at this address

Rue du Relais(CER) 1 4632 Soumagne

Company	CBE no.
Asotia● Active	0804.293.316
DLG CONSTRUCTION● Active	0746.713.225
DLG IMMO● Active	0664.732.783
DL PROJECT● Active	0642.505.135
ECOSTAL● Active	0806.747.119
SART GARE IMMO● Active	0788.445.296
SIGUESOL● Active	0898.871.680
SOLARECYCLE● Active	0899.286.307
VAL VERT IMMO● Active	0791.155.160

Full financial information

Source · NBB

	2025	2024	2023	2022	2021
Type of account	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	30/10/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Length of the financial year	12 months	12 months	12 months	12 months	15 months
Filing date	23/07/2026	28/07/2025	09/07/2024	29/06/2023	19/07/2022
General meeting	16/07/2026	30/06/2025	28/06/2024	27/06/2023	30/06/2022
Currency of the financial year	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	16/07/2026	23/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	28/07/2025	French	PDF
Full model	31/12/2023	28/06/2024	09/07/2024	French	PDF
Abridged model	31/12/2022	27/06/2023	29/06/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	19/07/2022	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
WE Environnement0426.516.918Represented by Renaud Schetter	Director28/03/2025 → 18/06/2030
GTM GROUP0685.452.676Represented by Loïc-Marie Pequignot	Managing director07/02/2025 → 18/06/2030Directorlisted until the 2024 accountsended
ARVEST GROUP0838.550.746Represented by Yves Warnant	Chairman of the board of directors06/12/2023 → 19/06/2029Director06/12/2023 → 2024 accountsended
THEMA INVEST0849.814.327Represented by Stéphane Dauvister	Managing director06/12/2023 → 19/06/2029Chairman of the board of directors01/01/2022 → 2023 accountsendedDirector01/01/2022 → 2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SPARAXIS0452.116.307Represented by Loïc Sacre	Director19/08/2024 → 2024 accounts
CPM-Partners0841.602.088Represented by Christophe Piron	Managing director06/12/2023 → 2023 accounts
ENEVISION0825.752.387Represented by Christophe Degrez	Chairman of the board of directors06/12/2023 → 2024 accountsDirector06/12/2023 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/09/2026
Nomination en tant que commissaire aux comptes de BDO Réviseurs
PDF
Mandates22/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates25/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates23/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/03/2025
DEMISSIONS, NOMINATIONS
PDF
Capital / shares30/09/2024
CAPITAL, ACTIONS
PDF
Mandates21/08/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Capital / shares23/07/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings5 filings

Mandates

WE Environnement

GTM GROUP

ARVEST GROUP

THEMA INVEST

SPARAXIS

PARGESTION

The Witty Bee

ENEVISION

CPM-Partners

ECOSTAL

ELAN INVEST

Frédéric GODIN

20202021202220232024202520262027202820292030

ECOSTAL GROUPSMARTSOL SYSTEMS

Rue du Relais(CER) 1, 4632 Cerexhe-HeuseuxAllée des Sorbiers 5, 4190 Ferrières

Director

Managing director

Chairman of the board of directors

Managing directorChairman of the board of directorsDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Relais(CER) 1, 4632 Cerexhe-HeuseuxCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00329641
Allée des Sorbiers 5, 4190 Ferrières	accounts 2021 → 2022	Accounts 2022 · 2023-00181923

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ECOSTAL GROUPCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00329641
SMARTSOL SYSTEMS	accounts 2021 → 2022	Accounts 2022 · 2023-00181923

Events

31/12/2025
nominationSA THEMA INVEST · délégué à la gestion journalière
31/12/2025
nominationSRL GTM GROUP · délégué à la gestion journalière
2025
Annual accounts 2025133,4 k €↑
28/03/2025
nominationWE Environnement · administrateur
07/02/2025
nominationGTM GROUP · administrateur
2024
Annual accounts 2024-31,5 M €↓
04/12/2024
nominationThe Witty Bee SRL · administrateur délégué
26/09/2024
augmentation_capital
19/08/2024
augmentation_capital
05/07/2024
augmentation_capitalJ.A.C.-CONSULTING
2023
Annual accounts 2023194,8 k €↓
2023
Name changeECOSTAL GROUP
2022
Annual accounts 2022284,6 k €↑
2021
Annual accounts 2021-15,1 k €
30/10/2020
IncorporationPublic limited company

ECOSTAL GROUP

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events