ACTIVE

ECES

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Financial year 2025 · closed on 30/09/2025

Net result

66,4 k €

-34.2% YoY

Gross margin

117,9 k €

-25.2% YoY

Equity

913,9 k €

+7.8% YoY

What does ECES do?

ECES is a Private limited company incorporated in 2005. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0874.470.737

Incorporation

15/06/2005

Legal form

Private limited company

Registered office

Torhoutse Steenweg 460
8200 Brugge · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

46190Agents involved in the sale of a variety of goods· main 46190Agents involved in the sale of a variety of goods 51190Passenger air transport 47789Other retail sale of new goods in specialised stores 47789Other retail sale of new goods in specialised stores 52498Warehousing and support activities for transportation+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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
Gross margin	117,9 k €	-25.2%	157,7 k €	+10.3%	143 k €	+113%	67,3 k €	-44.2%	120,5 k €	+25.3%	96,2 k €	-6.8%	103,2 k €	+53.5%	67,2 k €	-16.0%	80 k €	+14.4%	70 k €	-2.0%	71,4 k €	-50.3%	143,9 k €	+81.8%	79,1 k €	+122%	35,6 k €	-32.2%	52,6 k €	-0.2%	52,7 k €	+493%	8,9 k €	-90.7%	95,4 k €	+12.6%	84,8 k €	-6.6%	90,8 k €
EBITDA	115 k €	-25.5%	154,2 k €	+10.4%	139,7 k €	+115%	65,1 k €	-44.9%	118,1 k €	+25.5%	94,2 k €	-7.0%	101,2 k €	+57.5%	64,3 k €	-17.6%	78 k €	+16.6%	66,9 k €	-2.2%	68,4 k €	-51.8%	141,8 k €	+83.7%	77,2 k €	+129%	33,7 k €	-33.3%	50,6 k €	+3.2%	49 k €	+533%	7,7 k €	-91.7%	93,3 k €	+12.0%	83,3 k €	-7.1%	89,7 k €
Operating result	90,9 k €	-30.5%	130,7 k €	+9.8%	119,1 k €	+168%	44,4 k €	-42.2%	76,8 k €	-3.6%	79,6 k €	-8.0%	86,6 k €	+73.6%	49,9 k €	-23.4%	65,1 k €	+14.5%	56,9 k €	-3.8%	59,1 k €	-55.3%	132,3 k €	+104%	64,7 k €	+206%	21,2 k €	-43.2%	37,3 k €	-1.4%	37,8 k €	+623%	-7,2 k €	-109%	80 k €	+44.8%	55,3 k €	-33.5%	83,1 k €
Net result	66,4 k €	-34.2%	101 k €	+29.3%	78,1 k €	+175%	28,4 k €	-4.5%	29,7 k €	-41.9%	51,1 k €	-5.1%	53,8 k €	+78.5%	30,2 k €	-32.7%	44,8 k €	+11.8%	40,1 k €	-6.3%	42,7 k €	-52.1%	89,2 k €	+101%	44,3 k €	+192%	15,2 k €	-38.9%	24,8 k €	-23.2%	32,4 k €	+376%	-11,7 k €	-122%	53,4 k €	+40.9%	37,9 k €	-34.7%	58,1 k €
Balance sheet
Equity	913,9 k €	+7.8%	847,5 k €	+13.5%	746,6 k €	+11.7%	668,5 k €	+4.4%	640,1 k €	+4.9%	610,4 k €	+9.1%	559,4 k €	+10.6%	505,6 k €	+6.3%	475,4 k €	+10.4%	430,6 k €	+10.3%	390,5 k €	+12.3%	347,8 k €	+34.5%	258,6 k €	+20.7%	214,3 k €	+7.6%	199,1 k €	+14.2%	174,3 k €	+22.8%	141,9 k €	-7.6%	153,7 k €	+53.3%	100,2 k €	+55.9%	64,3 k €
Total assets	985,2 k €	+4.8%	940,4 k €	+6.4%	884,1 k €	+8.7%	813 k €	-1.2%	822,7 k €	+20.3%	683,7 k €	+6.3%	643,1 k €	+8.1%	594,7 k €	+5.8%	562 k €	+6.0%	530,4 k €	+4.3%	508,7 k €	+5.7%	481,4 k €	+16.0%	415 k €	+19.2%	348,2 k €	+3.8%	335,5 k €	+9.2%	307,3 k €	+12.2%	273,8 k €	-16.6%	328,3 k €	+24.8%	263,1 k €	+165%	99,2 k €
Cash	50,3 k €	+179%	18 k €	-79.3%	87,2 k €	-82.0%	485,2 k €	+1.4%	478,6 k €	-14.9%	562,6 k €	+12.1%	501,8 k €	+18.0%	425,1 k €	+2.8%	413,6 k €	+9.8%	376,6 k €	+2.5%	367,5 k €	+12.0%	328,2 k €	+18.8%	276,2 k €	+75.5%	157,4 k €	+1.2%	155,5 k €	+13.8%	136,6 k €	+46.3%	93,4 k €	+436%	17,4 k €	+47.6%	11,8 k €	-86.1%	85 k €
Debts	70,9 k €	-22.7%	91,8 k €	-32.9%	136,8 k €	-4.7%	143,6 k €	-19.3%	178 k €	+148%	71,7 k €	-13.6%	83,1 k €	-4.9%	87,4 k €	+3.4%	84,5 k €	-15.2%	99,6 k €	-15.1%	117,3 k €	-11.6%	132,7 k €	-14.7%	155,6 k €	+16.9%	133,1 k €	-1.7%	135,3 k €	+2.5%	132,1 k €	+0.2%	131,8 k €	-24.0%	173,4 k €	+7.0%	162,1 k €	+365%	34,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 5 ended

Active mandates

Els CREYF

Director · since 07 juin 2005

Active

Ended mandates

ELSJE CREYF

Manager · since 15 juin 2005 · until 01 juillet 2008

Ended

EDWARD SCHUTIJSER

Manager

Ended

Els Creyf

Director

Ended

ELS CREYF

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	30/04/2025	30/04/2024	27/04/2023	25/04/2022	31/03/2021
General meeting	28/03/2026	29/03/2025	30/03/2024	25/03/2023	26/03/2022	27/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	28/03/2026	30/04/2026	Dutch	PDF
Micro model	30/09/2024	29/03/2025	30/04/2025	Dutch	PDF
Micro model	30/09/2023	30/03/2024	30/04/2024	Dutch	PDF
Micro model	30/09/2022	25/03/2023	27/04/2023	Dutch	PDF
Micro model	30/09/2021	26/03/2022	25/04/2022	Dutch	PDF
Micro model	30/09/2020	27/03/2021	31/03/2021	Dutch	PDF
Micro model	30/09/2019	28/03/2020	08/04/2020	Dutch	PDF
Micro model	30/09/2018	30/03/2019	02/04/2019	Dutch	PDF
Micro model	30/09/2017	31/03/2018	17/04/2018	Dutch	PDF
Abridged model	30/09/2016	25/03/2017	27/03/2017	Dutch	PDF
Abridged model	30/09/2015	26/03/2016	29/03/2016	Dutch	PDF
Abridged model	30/09/2014	28/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	29/03/2014	31/03/2014	Dutch	PDF
Abridged model	30/09/2012	30/03/2013	03/04/2013	Dutch	PDF
Abridged model	30/09/2011	31/03/2012	13/04/2012	Dutch	PDF
Abridged model	30/09/2010	26/03/2011	30/03/2011	Dutch	PDF
Abridged model	30/09/2009	27/03/2010	02/04/2010	Dutch	PDF
Abridged model	30/09/2008	28/03/2009	30/03/2009	Dutch	PDF
Abridged model	30/09/2007	29/03/2008	04/04/2008	Dutch	PDF
Abridged model	30/09/2006	31/03/2007	12/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025 · 1 active · 5 ended

Active mandates

Els CREYF

Director · since 07 juin 2005

Active

Ended mandates

ELSJE CREYF

Manager · since 15 juin 2005 · until 01 juillet 2008

Ended

EDWARD SCHUTIJSER

Manager

Ended

Els Creyf

Director

Ended

ELS CREYF

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/07/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/01/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2008
ONTSLAGEN - BENOEMINGEN
PDF
Other23/06/2005
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 202566,4 k €↓
2024
Annual accounts 2024101 k €↑
2023
Annual accounts 202378,1 k €↑
2022
Annual accounts 202228,4 k €↓
2021
Annual accounts 202129,7 k €↓
2020
Annual accounts 202051,1 k €↓
2019
Annual accounts 201953,8 k €↑
2018
Annual accounts 201830,2 k €↓
2017
Annual accounts 201744,8 k €↑
2016
Annual accounts 201640,1 k €↓
2015
Annual accounts 201542,7 k €↓
2014
Annual accounts 201489,2 k €↑
2013
Annual accounts 201344,3 k €↑
2012
Annual accounts 201215,2 k €↓
2011
Annual accounts 201124,8 k €↓
2010
Annual accounts 201032,4 k €↑
2009
Annual accounts 2009-11,7 k €↓
2008
Annual accounts 200853,4 k €↑
2007
Annual accounts 200737,9 k €↓
2006
Annual accounts 200658,1 k €
15/06/2005
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

ECES

Overview

What does ECES do?

Trend over 20 financial years

Indicative valuation

Board of directors

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