ACTIVE

ECSOR

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Financial year 2025 · closed on 31/12/2025
Net result
-15,2 k €
-110.6% YoY
Gross margin
40,1 k €
-84.1% YoY
Equity
120 k €
-11.3% YoY

What does ECSOR do?

ECSOR is a Public limited company incorporated in 2010. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Chastre.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0823.372.523
Incorporation
24/02/2010
Legal form
Public limited company
Registered office
Rue Tienne-Galop 7
1450 Chastre · WallonieSee on map
Contributed capital
75 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
72109Research and experimental development on natural sciences and engineering· main72190Other research and experimental development on natural sciences and engineering74909Other professional, scientific and technical activities n.e.c.74999Other professional, scientific and technical activities n.e.c.72109Research and experimental development on natural sciences and engineering72190Other research and experimental development on natural sciences and engineering+2
Joint committees (1)
  • 218
Signals
Healthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021201820172016201520142013201220112010
Income statement
Gross margin40,1 k €252,1 k €163,8 k €170,8 k €176,8 k €154,5 k €140 k €161,7 k €93,6 k €56,6 k €72,6 k €44 k €67,4 k €-12,8 k €
EBITDA-8,4 k €150,1 k €-13,8 k €11,7 k €14,5 k €27,1 k €25,6 k €28,4 k €27,8 k €16,5 k €28,9 k €33,5 k €67 k €-13,1 k €
Operating result-14,4 k €144,1 k €-19,1 k €8,5 k €14,3 k €19,4 k €16,8 k €19,3 k €23,5 k €11,5 k €24 k €32,6 k €67 k €-13,1 k €
Net result-15,2 k €143,4 k €-21,4 k €6,9 k €-6,2 k €10,9 k €8,3 k €9,2 k €10,3 k €7,7 k €13,2 k €22 k €50,1 k €-13,2 k €
Balance sheet
Equity120 k €135,2 k €-8,3 k €13,2 k €6,3 k €193,7 k €182,8 k €174,4 k €165,3 k €154,9 k €147,2 k €134 k €112 k €50,6 k €
Total assets456,1 k €415,6 k €312,8 k €301,8 k €453,7 k €529,5 k €443,7 k €737,1 k €484,4 k €395,3 k €434,2 k €462,7 k €300 k €134,6 k €
Cash64,1 k €11,8 k €40 k €14,6 k €103,4 k €36,1 k €61,6 k €109,9 k €241,7 k €168,5 k €239 k €239,7 k €191,7 k €5 k €
Debts336,2 k €280,4 k €320,7 k €288,6 k €442 k €330,4 k €251,2 k €510,3 k €241,3 k €240,4 k €286,1 k €328,7 k €188 k €84,1 k €
Other
Workforce––3,0 ETP2,5 ETP2,8 ETP1,9 ETP1,8 ETP2,2 ETP1,0 ETP0,9 ETP0,7 ETP0,3 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

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

Active mandates

Marc DEMEULEMEESTER

Director · since 20 décembre 2023 · until 20 décembre 2026

Active
Isabelle COUPIENNE

Managing director · since 30 juin 2022 · until 20 décembre 2026

Active
Jacques BRUHWYLER

Managing director · since 30 juin 2022 · until 20 décembre 2026

Active

Ended mandates

Isabelle COUPIENNE

Director · since 30 juin 2022 · until 30 juin 2025

Ended
Isabelle COUPIENNE

Managing director · since 30 juin 2022 · until 30 juin 2025

Ended
Jacques BRUHWYLER

Director · since 30 juin 2022 · until 30 juin 2025

Ended
Jacques BRUHWYLER

Managing director · since 30 juin 2022 · until 30 juin 2025

Ended
At this address

Other companies at this address

CompanyCBE no.
HEALTHCARE CONSULTING● Active
0882.551.332
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/07/202617/07/202511/10/202417/10/202331/08/202228/10/2021
General meeting01/06/202630/06/202530/06/202430/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202501/06/202609/07/2026FrenchPDF
Micro model31/12/202430/06/202517/07/2025FrenchPDF
Abridged model31/12/202330/06/202411/10/2024FrenchPDF
Abridged model31/12/202230/06/202317/10/2023FrenchPDF
Abridged model31/12/202130/06/202231/08/2022FrenchPDF
Abridged model31/12/202030/06/202128/10/2021FrenchPDF
Abridged model31/12/201923/09/202030/09/2020FrenchPDF
Abridged model31/12/201829/08/201929/08/2019FrenchPDF
Abridged model31/12/201730/06/201831/08/2018FrenchPDF
Abridged model31/12/201621/06/201712/07/2017FrenchPDF
Abridged model31/12/201523/09/201628/09/2016FrenchPDF
Abridged model31/12/201422/06/201516/07/2015FrenchPDF
Abridged model31/12/201323/06/201415/07/2014FrenchPDF
Abridged model31/12/201210/06/201305/07/2013FrenchPDF
Abridged model31/12/201104/06/201204/07/2012FrenchPDF
Abridged model31/12/201006/06/201117/06/2011FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 3 active · 31 ended

Active mandates

Marc DEMEULEMEESTER

Director · since 20 décembre 2023 · until 20 décembre 2026

Active
Isabelle COUPIENNE

Managing director · since 30 juin 2022 · until 20 décembre 2026

Active
Jacques BRUHWYLER

Managing director · since 30 juin 2022 · until 20 décembre 2026

Active

Ended mandates

Isabelle COUPIENNE

Director · since 30 juin 2022 · until 30 juin 2025

Ended
Isabelle COUPIENNE

Managing director · since 30 juin 2022 · until 30 juin 2025

Ended
Jacques BRUHWYLER

Director · since 30 juin 2022 · until 30 juin 2025

Ended
Jacques BRUHWYLER

Managing director · since 30 juin 2022 · until 30 juin 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/01/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/09/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/09/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/10/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office29/04/2015
    SIEGE SOCIAL
    PDF
  • Mandates30/05/2012
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/05/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Other08/03/2010
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025-15,2 k €↓
  2. 2024
    Annual accounts 2024143,4 k €↑
  3. 2023
    Annual accounts 2023-21,4 k €↓
  4. 2022
    Annual accounts 20226,9 k €↑
  5. 2021
    Annual accounts 2021-6,2 k €↓
  6. 2018
    Annual accounts 201810,9 k €↑
  7. 2017
    Annual accounts 20178,3 k €↓
  8. 2016
    Annual accounts 20169,2 k €↓
  9. 2015
    Annual accounts 201510,3 k €↑
  10. 2014
    Annual accounts 20147,7 k €↓
  11. 2013
    Annual accounts 201313,2 k €↓
  12. 2012
    Annual accounts 201222 k €↓
  13. 2011
    Annual accounts 201150,1 k €↑
  14. 2010
    Annual accounts 2010-13,2 k €
  15. 24/02/2010
    IncorporationPublic limited company