ACTIVE

ECOSTAL GROUP

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
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 5 filings

Trend over 5 financial years

20252024202320222021
Income statement
Revenue3,7 M €1,4 M €212,9 k €––
EBITDA-548,3 k €-844,2 k €-33,4 k €-39,8 k €11,4 k €
Operating result-822,3 k €-867,5 k €-37 k €-43,7 k €7,6 k €
Net result133,4 k €-31,5 M €194,8 k €284,6 k €-15,1 k €
Balance sheet
Equity178,6 M €178,5 M €161,4 M €519,5 k €234,9 k €
Total assets193,8 M €190 M €175,3 M €4,4 M €4,5 M €
Cash458,8 k €433,9 k €168,9 k €15,7 k €44,2 k €
Debts15 M €11,4 M €13,9 M €3,8 M €4,2 M €
Other
Workforce6,4 ETP2,3 ETP1,0 ETP0,6 ETP1,8 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

DirectorMandates in this companyPeriodOther 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

DirectorMandates in this companyPeriodOther 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
CompanyCBE no.
Asotia● Active
0804.293.316
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
20252024202320222021
Type of accountFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202230/10/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months15 months
Filing date23/07/202628/07/202509/07/202429/06/202319/07/2022
General meeting16/07/202630/06/202528/06/202427/06/202330/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202516/07/202623/07/2026FrenchPDF
Full model31/12/202430/06/202528/07/2025FrenchPDF
Full model31/12/202328/06/202409/07/2024FrenchPDF
Abridged model31/12/202227/06/202329/06/2023FrenchPDF
Abridged model31/12/202130/06/202219/07/2022FrenchPDF

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

DirectorMandates in this companyPeriodOther 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

DirectorMandates in this companyPeriodOther 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
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
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
NamePeriodSource
ECOSTAL GROUPCurrent
accounts 2023 → 2025
Accounts 2025 · 2026-00329641
SMARTSOL SYSTEMS
accounts 2021 → 2022
Accounts 2022 · 2023-00181923

Events

  1. 31/12/2025
    nominationSA THEMA INVEST · délégué à la gestion journalière
  2. 31/12/2025
    nominationSRL GTM GROUP · délégué à la gestion journalière
  3. 2025
    Annual accounts 2025133,4 k €↑
  4. 28/03/2025
    nominationWE Environnement · administrateur
  5. 07/02/2025
    nominationGTM GROUP · administrateur
  6. 2024
    Annual accounts 2024-31,5 M €↓
  7. 04/12/2024
    nominationThe Witty Bee SRL · administrateur délégué
  8. 26/09/2024
    augmentation_capital
  9. 19/08/2024
    augmentation_capital
  10. 05/07/2024
    augmentation_capitalJ.A.C.-CONSULTING
  11. 2023
    Annual accounts 2023194,8 k €↓
  12. 2023
    Name changeECOSTAL GROUP
  13. 2022
    Annual accounts 2022284,6 k €↑
  14. 2021
    Annual accounts 2021-15,1 k €
  15. 30/10/2020
    IncorporationPublic limited company