ACTIVE

L.ECL

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Financial year 2025 · closed on 31/12/2025

Net result

-29,1 k €

-128.2% YoY

Gross margin

1,8 M €

-1.8% YoY

Equity

1,4 M €

-2.1% YoY

Workforce

14,7 ETP

+14.0% YoY

What does L.ECL do?

L.ECL is a Private limited company incorporated in 2005. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Zemst. It employs on average 14,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0877.469.027

Incorporation

24/11/2005

Legal form

Private limited company

Registered office

Brusselsesteenweg 30
1980 Zemst · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Average workforce

14,7 ETP

Activities (NACE)

43990Other specialised construction activities n.e.c.· main 43999Other specialised construction activities n.e.c.71320Architectural and engineering activities; technical testing and analysis 77320Rental and leasing of construction and civil engineering machinery and equipment 77320Rental and leasing of construction and civil engineering machinery and equipment 45113Sale of cars and light motor vehicles+5

Joint committees (4)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	1,8 M €	-1.8%	1,8 M €	+10.3%	1,7 M €	+11.4%	1,5 M €	-13.2%	1,7 M €	+8.1%	1,6 M €	+12.8%	1,4 M €	-3.1%	1,5 M €	-10.1%	1,6 M €	+20.4%	1,3 M €	+14.9%	1,2 M €	-2.0%	1,2 M €	-6.5%	1,3 M €	+17.3%	1,1 M €	+9.6%	997,8 k €	+16.0%	860,2 k €	+11.1%	774,2 k €	+26.3%	613,2 k €	-3.8%	637,1 k €	+74.6%	364,9 k €
EBITDA	404,3 k €	-28.4%	564,7 k €	-14.4%	659,3 k €	+29.5%	509,3 k €	-30.6%	733,6 k €	-15.8%	871 k €	+16.6%	746,8 k €	-3.5%	773,7 k €	-23.1%	1 M €	+40.3%	717,4 k €	+16.5%	615,7 k €	-2.7%	633,1 k €	-9.7%	701,5 k €	+10.3%	635,8 k €	+16.2%	547,2 k €	+0.0%	546,9 k €	+13.7%	480,9 k €	+38.1%	348,3 k €	-10.0%	386,8 k €	+62.9%	237,4 k €
Operating result	-7,1 k €	-105%	153,3 k €	-31.3%	223,2 k €	+447%	40,8 k €	-84.1%	257,6 k €	-39.3%	424,3 k €	+97.9%	214,5 k €	-7.2%	231 k €	-53.6%	497,8 k €	+93.8%	256,8 k €	+42.7%	180 k €	-8.1%	195,9 k €	-22.8%	253,9 k €	+4.8%	242,2 k €	+149%	97,2 k €	-24.1%	128,1 k €	+85.1%	69,2 k €	+14.0%	60,7 k €	-49.4%	120 k €	+385%	24,7 k €
Net result	-29,1 k €	-128%	103,2 k €	-36.9%	163,7 k €	+2561%	6,2 k €	-96.6%	180,5 k €	-32.2%	266,2 k €	+156%	103,8 k €	-22.8%	134,4 k €	-53.0%	286,1 k €	+119%	130,6 k €	-77.6%	583,9 k €	+274%	156,1 k €	-51.6%	322,7 k €	+66.5%	193,8 k €	+198%	64,9 k €	-28.4%	90,7 k €	+134%	38,8 k €	-53.7%	83,7 k €	-19.9%	104,6 k €	+237%	31 k €
Balance sheet
Equity	1,4 M €	-2.1%	1,4 M €	-7.7%	1,5 M €	+5.9%	1,4 M €	-49.5%	2,8 M €	+6.8%	2,6 M €	+11.2%	2,4 M €	+4.4%	2,3 M €	+6.3%	2,1 M €	+15.4%	1,9 M €	+7.6%	1,7 M €	+51.3%	1,1 M €	+15.9%	981,5 k €	+49.0%	658,8 k €	+41.7%	465,1 k €	+16.2%	400,2 k €	+29.3%	309,4 k €	+30.1%	237,9 k €	+54.3%	154,2 k €	+211%	49,6 k €
Total assets	2,5 M €	-5.8%	2,7 M €	-9.6%	3 M €	-26.5%	4,1 M €	-7.1%	4,4 M €	+7.7%	4,1 M €	-2.1%	4,1 M €	-2.5%	4,3 M €	-6.5%	4,5 M €	+12.4%	4 M €	+55.1%	2,6 M €	+24.0%	2,1 M €	-1.1%	2,1 M €	+18.5%	1,8 M €	-1.0%	1,8 M €	+27.3%	1,4 M €	+10.5%	1,3 M €	+28.4%	1 M €	-12.9%	1,2 M €	+16.7%	987,8 k €
Cash	512 k €	+115%	238,6 k €	-44.9%	433,2 k €	-64.1%	1,2 M €	+53.8%	784,2 k €	+20.8%	649 k €	-22.1%	832,7 k €	-16.6%	998,7 k €	+2.4%	975,6 k €	+52.7%	638,9 k €	-47.1%	1,2 M €	+532%	191 k €	+105%	93,3 k €	-50.7%	189,4 k €	+91.7%	98,8 k €	-37.1%	157 k €	+6.9%	146,8 k €	+523%	23,6 k €	-78.7%	110,5 k €	+58.2%	69,8 k €
Debts	1,1 M €	-9.8%	1,2 M €	-11.9%	1,3 M €	-46.1%	2,5 M €	+78.1%	1,4 M €	+11.3%	1,3 M €	-21.5%	1,6 M €	-10.8%	1,8 M €	-18.8%	2,2 M €	+11.4%	2 M €	+197%	668,5 k €	-29.7%	950,7 k €	-15.4%	1,1 M €	+0.8%	1,1 M €	-17.2%	1,3 M €	+31.6%	1 M €	+4.5%	979,5 k €	+27.9%	766 k €	-23.3%	998,4 k €	+6.4%	938,2 k €
Other
Workforce	14,7 ETP	+14.0%	12,9 ETP	+19.4%	10,8 ETP	-16.3%	12,9 ETP	-6.5%	13,8 ETP	+26.6%	10,9 ETP	+6.9%	10,2 ETP	0.0%	10,2 ETP	+3.0%	9,9 ETP	+3.1%	9,6 ETP	-4.0%	10,0 ETP	+3.1%	9,7 ETP	-3.0%	10,0 ETP	+7.5%	9,3 ETP	+20.8%	7,7 ETP	+20.3%	6,4 ETP	+28.0%	5,0 ETP	-5.7%	5,3 ETP	0.0%	5,3 ETP	+76.7%	3,0 ETP

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 31/12/2025 · 1 active · 5 ended

Active mandates

MAERLANT GROUP

Director · 0553.479.525

Represented by KATHY VAN DAMME

Active

Ended mandates

MAERLANT GROUP

Director · since 28 octobre 2022 · 0553.479.525

Represented by KATHY VAN DAMME

Ended

GEERT REYNIERS

Director · until 28 octobre 2022

Ended

LUC EECKELEERS

Director · until 28 octobre 2022

Ended

LUC EECKELEERS

Director

Ended

At this address

Other companies at this address

Company	CBE no.
MAERLANT GROUP● Active	0553.479.525
Maerlant Zilte● Active	1023.720.479
TEGENWIND● Active	0864.461.129

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	31/07/2026	31/08/2025	29/07/2024	31/08/2023	30/08/2022	30/08/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	12/06/2023	13/06/2022	14/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	31/08/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	29/07/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	30/09/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	12/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	27/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	29/08/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	28/08/2007	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 31/12/2025 · 1 active · 5 ended

Active mandates

MAERLANT GROUP

Director · 0553.479.525

Represented by KATHY VAN DAMME

Active

Ended mandates

MAERLANT GROUP

Director · since 28 octobre 2022 · 0553.479.525

Represented by KATHY VAN DAMME

Ended

GEERT REYNIERS

Director · until 28 octobre 2022

Ended

LUC EECKELEERS

Director · until 28 octobre 2022

Ended

LUC EECKELEERS

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other06/02/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL
PDF
Mandates10/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other05/12/2005
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 2025-29,1 k €↓
2024
Annual accounts 2024103,2 k €↓
2023
Annual accounts 2023163,7 k €↑
2022
Annual accounts 20226,2 k €↓
2021
Annual accounts 2021180,5 k €↓
2020
Annual accounts 2020266,2 k €↑
2019
Annual accounts 2019103,8 k €↓
2018
Annual accounts 2018134,4 k €↓
2017
Annual accounts 2017286,1 k €↑
2016
Annual accounts 2016130,6 k €↓
2015
Annual accounts 2015583,9 k €↑
2014
Annual accounts 2014156,1 k €↓
2013
Annual accounts 2013322,7 k €↑
2012
Annual accounts 2012193,8 k €↑
2011
Annual accounts 201164,9 k €↓
2010
Annual accounts 201090,7 k €↑
2009
Annual accounts 200938,8 k €↓
2008
Annual accounts 200883,7 k €↓
2007
Annual accounts 2007104,6 k €↑
2006
Annual accounts 200631 k €
24/11/2005
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

L.ECL

Overview

What does L.ECL do?

Trend over 20 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