ACTIVE

ECW

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Financial year 2025 · closed on 31/12/2025

Net result

282,3 k €

+266.3% YoY

Gross margin

1 M €

+52.4% YoY

Equity

1,6 M €

+21.6% YoY

Workforce

4,7 ETP

-14.5% YoY

What does ECW do?

ECW is a Private limited company incorporated in 2005. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Hulshout. It employs on average 4,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.152.084

Incorporation

23/12/2005

Legal form

Private limited company

Registered office

Nijverheidsstraat 11
2235 Hulshout · FlandreSee on map

Contributed capital

364 000,00 €

Latest accounts

31/12/2025

Average workforce

4,7 ETP

Activities (NACE)

42220Construction of utility projects for electricity and telecommunications· main 42220Construction of utility projects for electricity and telecommunications 45215Maintenance and repair of motor vehicles 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy

Joint committees (3)

14901
200
218

Signals

ProfitableSolid 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 M €	+52.4%	682,3 k €	+3.8%	657,1 k €	-14.4%	767,7 k €	+54.4%	497,2 k €	+45.4%	342 k €	-0.0%	342 k €	-2.7%	351,7 k €	-8.8%	385,6 k €	-11.5%	435,5 k €	+66.2%	262,1 k €	-23.5%	342,7 k €	+17.9%	290,6 k €	+70.3%	170,7 k €	-25.4%	228,7 k €	+261%	63,4 k €	+17.5%	54 k €	+32.4%	40,8 k €	-52.9%	86,5 k €	+47.6%	58,6 k €
EBITDA	643,9 k €	+94.2%	331,6 k €	+8.6%	305,4 k €	-3.0%	314,7 k €	+102%	156,1 k €	+58.9%	98,3 k €	-22.2%	126,3 k €	-27.8%	174,8 k €	-1.9%	178,3 k €	-23.7%	233,6 k €	+50.9%	154,7 k €	+12.0%	138,2 k €	-34.1%	209,6 k €	+163%	79,5 k €	-50.2%	159,8 k €	+352%	35,4 k €	-29.2%	50 k €	+42.3%	35,1 k €	-57.2%	82,1 k €	+54.1%	53,3 k €
Operating result	470,9 k €	+159%	182,1 k €	-4.9%	191,4 k €	-22.1%	245,6 k €	+187%	85,7 k €	+416%	16,6 k €	-67.4%	50,9 k €	-49.9%	101,6 k €	+11.2%	91,3 k €	-47.5%	174,1 k €	+101%	86,8 k €	+2.1%	85 k €	-48.4%	164,7 k €	+362%	35,7 k €	-71.4%	124,8 k €	+1401%	8,3 k €	-70.2%	27,9 k €	+113%	13,1 k €	-76.2%	55,1 k €	+135%	23,5 k €
Net result	282,3 k €	+266%	77,1 k €	-26.5%	104,9 k €	-35.1%	161,7 k €	+193%	55,2 k €	+714%	6,8 k €	-82.4%	38,6 k €	-46.7%	72,5 k €	+29.3%	56,1 k €	-47.2%	106,2 k €	+105%	51,8 k €	-2.0%	52,8 k €	-51.5%	108,9 k €	+372%	23,1 k €	-73.9%	88,5 k €	+2372%	3,6 k €	-83.5%	21,7 k €	+228%	6,6 k €	-82.6%	37,9 k €	+156%	14,8 k €
Balance sheet
Equity	1,6 M €	+21.6%	1,3 M €	+6.3%	1,2 M €	+9.3%	1,1 M €	+16.8%	960,6 k €	+6.1%	905,4 k €	+0.8%	898,6 k €	+4.5%	860 k €	+8.4%	793,5 k €	+7.6%	737,4 k €	+16.8%	631,2 k €	+8.9%	579,4 k €	+10.0%	526,6 k €	+21.4%	433,7 k €	+5.6%	410,6 k €	+27.5%	322,1 k €	+1.1%	318,5 k €	+7.3%	296,8 k €	+2.3%	290,2 k €	+15.0%	252,3 k €
Total assets	3 M €	+15.0%	2,6 M €	-16.9%	3,1 M €	+44.8%	2,1 M €	+33.1%	1,6 M €	+20.6%	1,3 M €	+4.6%	1,3 M €	+11.6%	1,1 M €	+5.4%	1,1 M €	+8.2%	1 M €	+9.2%	916,3 k €	+0.0%	915,8 k €	+1.8%	899,5 k €	+22.6%	733,9 k €	+9.3%	671,2 k €	+17.2%	572,8 k €	+2.2%	560,8 k €	+10.3%	508,3 k €	+13.8%	446,8 k €	-1.4%	453,1 k €
Cash	407,4 k €	+103%	200,5 k €	+102%	99 k €	-75.2%	399,2 k €	+193%	136,2 k €	+378%	28,5 k €	-19.1%	35,2 k €	+50.9%	23,4 k €	-71.8%	82,7 k €	-70.9%	283,9 k €	+106%	137,7 k €	-40.3%	230,7 k €	+111%	109,3 k €	-8.7%	119,7 k €	-22.8%	155 k €	+55.6%	99,6 k €	+719%	12,2 k €	-79.5%	59,3 k €	-15.2%	70 k €	-5.3%	73,9 k €
Debts	1,4 M €	+8.2%	1,3 M €	-32.2%	1,9 M €	+83.9%	1 M €	+57.3%	646,2 k €	+51.3%	427,1 k €	+13.9%	374,8 k €	+33.4%	281 k €	-2.1%	287,1 k €	+9.2%	262,9 k €	-7.8%	285 k €	-15.3%	336,3 k €	-9.8%	372,8 k €	+24.2%	300,1 k €	+15.2%	260,4 k €	+3.9%	250,8 k €	+3.6%	242,2 k €	+14.5%	211,5 k €	+35.1%	156,6 k €	-22.1%	200,9 k €
Other
Workforce	4,7 ETP	-14.5%	5,5 ETP	+7.8%	5,1 ETP	-21.5%	6,5 ETP	+51.2%	4,3 ETP	+30.3%	3,3 ETP	+6.5%	3,1 ETP	+47.6%	2,1 ETP	-30.0%	3,0 ETP	0.0%	3,0 ETP	+25.0%	2,4 ETP	+50.0%	1,6 ETP	+14.3%	1,4 ETP	-33.3%	2,1 ETP	+16.7%	1,8 ETP	+260%	0,5 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Marcel Laeremans

Director

Active

Ended mandates

Marcel Laeremans

Administrator - manager

Ended

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	29/07/2026	23/08/2025	25/08/2024	05/07/2023	21/08/2022	14/06/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	02/05/2023	02/05/2022	03/05/2021
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	04/05/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	05/05/2025	23/08/2025	Dutch	PDF
Abridged model	31/12/2023	06/05/2024	25/08/2024	Dutch	PDF
Abridged model	31/12/2022	02/05/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	02/05/2022	21/08/2022	Dutch	PDF
Abridged model	31/12/2020	03/05/2021	14/06/2021	Dutch	PDF
Abridged model	31/12/2019	04/05/2020	24/07/2020	Dutch	PDF
Abridged model	31/12/2018	06/05/2019	13/08/2019	Dutch	PDF
Abridged model	31/12/2017	07/05/2018	19/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/05/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	27/05/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	10/06/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	08/06/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	27/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	27/07/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	28/07/2008	Dutch	PDF
Abridged model	31/12/2006	07/05/2007	09/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 1 ended

Active mandates

Marcel Laeremans

Director

Active

Ended mandates

Marcel Laeremans

Administrator - manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/01/2018
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares20/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other05/01/2006
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 2025282,3 k €↑
2024
Annual accounts 202477,1 k €↓
2023
Annual accounts 2023104,9 k €↓
2022
Annual accounts 2022161,7 k €↑
2021
Annual accounts 202155,2 k €↑
2020
Annual accounts 20206,8 k €↓
2019
Annual accounts 201938,6 k €↓
2018
Annual accounts 201872,5 k €↑
2017
Annual accounts 201756,1 k €↓
2016
Annual accounts 2016106,2 k €↑
2015
Annual accounts 201551,8 k €↓
2014
Annual accounts 201452,8 k €↓
2013
Annual accounts 2013108,9 k €↑
2012
Annual accounts 201223,1 k €↓
2011
Annual accounts 201188,5 k €↑
2010
Annual accounts 20103,6 k €↓
2009
Annual accounts 200921,7 k €↑
2008
Annual accounts 20086,6 k €↓
2007
Annual accounts 200737,9 k €↑
2006
Annual accounts 200614,8 k €
23/12/2005
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

ECW

Overview

What does ECW 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