E2C (0478.007.090): annual accounts, directors and company register

E2C

Tournai ·KBO/BCE: BE 0478.007.090

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	9.8m	9.9m	10.5m	10.4m	10.5m	10.6m	10.6m	12.0m	12.4m	10.1m	10.1m	10.1m	9.2m	9.3m	292,247	289,573	314,760	328,438	718,658	118,798
Fixed assets`21/28`	9.7m	9.7m	9.8m	9.8m	9.9m	9.9m	10.0m	10.0m	10.1m	9.1m	9.1m	9.1m	9.1m	9.1m	110,848	67,848	82,848	22,848	22,848	22,848
Tangible fixed assets`22/27`	628,343	675,194	722,045	768,895	822,323	875,750	929,177	982,605	1.0m	-	-	587	30,173	58,500	88,000	45,000	60,000	-	-	-
Land and buildings`22`	628,343	675,194	722,045	768,895	815,746	862,597	909,448	956,299	1.0m	-	-	-	-	-	-	-	-	-	-	-
Furniture and vehicles`24`	-	-	-	0	6,576	13,153	19,730	26,306	-	-	-	587	30,173	58,500	88,000	45,000	60,000	-	-	-
Financial fixed assets`28`	9.1m	9.1m	9.1m	9.1m	9.1m	9.1m	9.1m	9.1m	9.1m	9.1m	9.1m	9.1m	9.1m	9.1m	22,848	22,848	22,848	22,848	22,848	22,848
Current assets`29/58`	55,346	142,486	688,899	609,506	621,217	633,927	572,502	1.9m	2.3m	968,487	963,165	979,171	114,356	201,107	181,399	221,725	231,912	305,590	695,810	95,950
Amounts receivable within one year`40/41`	4,027	102,682	51,804	53,786	81,938	38,727	5,030	1.4m	1.3m	221,338	227,360	220,833	56,630	38,535	36,581	1,652	1,893	696	350,357	479
Trade receivables`40`	4,027	59,054	51,804	44,178	79,834	36,435	2,073	73,100	500	500	60,500	88,400	36,300	33,151	36,300	342	100	-	300,000	167
Other amounts receivable`41`	0	43,628	0	9,609	2,104	2,291	2,957	1.3m	1.3m	220,838	166,860	132,433	20,330	5,383	281	1,311	1,794	696	50,357	313
Current investments`50/53`	-	0	248,996	248,996	248,996	248,996	248,996	248,996	535,635	528,303	507,781	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	51,318	39,804	388,099	306,724	290,283	346,204	318,476	310,775	443,776	218,846	228,024	758,338	57,725	162,572	144,818	220,073	230,018	304,894	345,453	95,377
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	9.8m	9.9m	10.5m	10.4m	10.5m	10.6m	10.6m	12.0m	12.4m	10.1m	10.1m	10.1m	9.2m	9.3m	292,247	289,573	314,760	328,438	718,658	118,798
Equity`10/15`	9.6m	9.8m	9.7m	9.7m	8.3m	8.3m	9.8m	9.8m	9.8m	9.7m	10.0m	10.0m	9.2m	9.2m	279,457	282,298	304,092	318,141	316,419	80,413
Contributions`10/11`	2.6m	2.6m	2.6m	2.6m	2.6m	2.6m	4.1m	4.1m	4.1m	6.1m	9.1m	9.1m	9.1m	9.1m	18,600	18,600	18,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	-	4.1m	4.1m	4.1m	6.1m	9.1m	9.1m	9.1m	9.1m	18,600	18,600	18,600	18,600	18,600	18,600
Reserves`13`	7.0m	7.2m	7.2m	7.1m	5.7m	5.7m	5.7m	5.7m	5.7m	3.6m	963,150	954,991	115,224	106,896	1,860	1,860	1,860	1,860	1,860	1,860
Non-distributable reserves`130/1`	608,560	608,560	608,560	608,560	608,560	608,560	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	608,560	608,560	608,560	608,560	44,673	44,265	2,276	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	608,560	608,560	608,560	608,560	608,560	608,560	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	6.4m	6.6m	6.5m	6.5m	5.1m	5.1m	5.1m	5.1m	5.1m	3.0m	918,477	910,726	112,947	105,036	-	-	-	-	-	-
Profit (loss) carried forward`14`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	258,997	261,838	283,632	297,681	295,959	59,953
Amounts payable`17/49`	133,948	133,950	737,869	733,694	2.2m	2.3m	809,376	2.2m	2.5m	325,815	4,263	29,015	33,553	156,959	12,791	7,275	10,667	10,297	402,239	38,385
Amounts payable within one year`42/48`	133,948	133,950	737,869	733,694	2.2m	2.3m	809,376	2.2m	2.5m	325,815	4,263	29,015	33,553	156,959	12,791	7,275	10,667	10,297	402,239	38,385
Trade debts`44`	3,651	3,297	-	0	5,340	2,930	930	-	159	-	933	-	797	9,399	-	209	2,008	-	251,370	-
Suppliers`440/4`	3,651	3,297	-	0	5,340	2,930	930	-	159	-	933	-	797	9,399	-	209	2,008	-	251,370	-
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	15,800	30,000	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	86	233	6,067	0	5,546	83,506	0	207,347	530,099	322,485	-	11,159	700	40,985	5,883	802	442	97	141,216	29,450
Taxes`450/3`	86	233	6,067	0	5,546	83,506	0	207,347	530,099	322,485	-	11,159	700	40,985	5,883	802	442	97	141,216	29,450
Other amounts payable`47/48`	130,211	130,420	731,802	733,694	2.2m	2.2m	808,446	2.0m	2.0m	3,329	3,329	2,055	2,055	106,575	6,908	6,264	8,217	10,200	9,652	8,935
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	350,000	-
Non-recurring operating income`76A`	2,000	-	-	-	-	-	-	-	-	3.0m	-	20,587	-	-	-	-	-	-	-	-
Gross operating margin`9900`	-39,666	72,447	83,016	6,676	69,871	63,681	50,060	52,093	-14,538	-8,762	-8,696	-14,705	39,206	26,331	26,566	-6,006	-2,565	-1,479	347,855	49,832
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,435	1,479	2,145	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	46,851	46,851	46,851	53,427	53,427	53,427	53,427	53,427	179,712	-	587	587	30,087	29,500	29,500	15,000	15,000	-	-	-
Other operating charges`640/8`	46,575	39,722	10,880	9,962	9,710	9,646	9,520	10,214	3,490	7,164	868	1,911	1,378	1,351	1,380	1,326	853	348	348	348
Non-recurring operating charges`66A`	-	-	0	500	-	0	0	348	-	-	1,274	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	-133,092	-14,126	25,285	-57,213	6,733	607	-12,887	-11,896	-197,740	-15,926	-10,150	-17,202	7,741	-4,520	-4,314	-22,332	-18,417	-1,827	347,507	49,484
Financial income`75/76B`	0	26,051	4,349	1.5m	4,541	3,960	4,786	12,629	2.5m	3.0m	19,043	836,650	1,543	731	1,874	926	4,846	4,632	36,557	30,768
Recurring financial income`75`	0	26,051	4,349	1.5m	4,541	3,960	4,786	12,629	2.5m	24,396	19,043	836,650	1,543	731	1,874	926	4,846	4,632	36,557	30,768
Non-recurring financial income`76B`	-	-	-	-	-	-	-	-	-	3.0m	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	811	1,037	1,073	796	9,803	5,573	2,418	59,024	305	722	341	118	225	172	402	389	478	1,085	803	116
Recurring financial charges`65`	811	1,037	1,073	796	9,803	5,573	-20,430	36,176	305	722	341	118	225	172	402	389	478	1,085	803	116
Non-recurring financial charges`66B`	-	-	-	-	-	0	22,848	22,848	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	-133,903	10,888	28,562	1.5m	1,471	-1,006	-10,519	-58,291	2.3m	3.0m	7,278	839,917	9,059	-3,961	-2,842	-21,794	-14,049	1,720	383,261	80,136
Income taxes`67/77`	86	233	194	231	195	-1,351	118	1,508	209,722	322,350	-881	150	731	-	-	-	-	-2	144,652	25,427
Profit (loss) for the period`9904`	-133,990	10,655	28,368	1.5m	1,276	345	-10,637	-59,799	2.1m	2.7m	8,159	839,767	8,328	-3,961	-2,842	-21,794	-14,049	1,722	238,609	54,709
Profit (loss) for the period to be appropriated`9905`	-133,990	10,655	28,368	1.5m	1,276	345	-10,637	-59,799	2.1m	2.7m	8,159	839,767	8,328	-3,961	-2,842	-21,794	-14,049	1,722	238,609	54,709
Appropriation of the result
Profit (loss) to be appropriated`9906`	-133,990	10,655	28,368	1.5m	1,276	345	-10,637	-59,799	2.1m	2.7m	8,159	839,767	8,328	255,036	258,997	261,838	283,632	297,681	295,959	59,953
Transfer from equity`791/2`	133,990	-	-	-	-	0	10,637	59,799	-	563,887	-	-	-	150,000	-	-	-	-	-	-
Transfer to equity`691/2`	0	10,655	28,368	1.5m	1,276	345	-	-	2.1m	3.2m	8,159	839,767	8,328	255,036	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	563,887	408	41,988	416	-	-	-	-	-	-	-
To other reserves`6921`	0	10,655	28,368	1.5m	1,276	345	-	-	2.1m	2.7m	7,751	797,779	7,911	255,036	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	-	150,000	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	-	-	-	150,000	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	30-07-2026	2026-00359104	PDF
31-12-2024	micro format	13-08-2025	2025-00373953	PDF
31-12-2023	micro format	11-07-2024	2024-00242214	PDF
31-12-2022	full format	13-07-2023	2023-00253648	PDF
31-12-2021	full format	13-06-2022	2022-20063256	PDF
31-12-2020	full format	15-07-2021	2021-36200284	PDF
31-12-2019	full format	27-08-2020	2020-50100336	PDF
31-12-2018	full format	08-07-2019	2019-31100565	PDF
31-12-2017	full format	23-07-2018	2018-37100014	PDF
31-12-2016	full format	14-07-2017	2017-32600107	PDF
31-12-2015	full format	11-07-2016	2016-30000400	PDF
31-12-2014	full format	20-08-2015	2015-46600554	PDF
31-12-2013	full format	29-08-2014	2014-53700421	PDF
31-12-2012	full format	29-08-2013	2013-51600256	PDF
31-12-2011	full format	31-07-2012	2012-37000597	PDF
31-12-2010	full format	31-08-2011	2011-50200524	PDF
31-12-2009	full format	27-08-2010	2010-46800257	PDF
31-12-2008	full format	31-08-2009	2009-72300271	PDF
31-12-2007	full format	29-08-2008	2008-69800068	PDF
31-12-2006	full format	26-07-2007	2007-50500064	PDF
31-12-2005	full format	10-07-2006	2006-43803933	PDF
31-12-2004	full format	15-07-2005	2005-49700777	PDF
31-12-2003	full format	14-07-2004	2004-45504891	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-86,242	32,725	72,136	-3,786	60,161	54,034	40,541	41,531	-18,028	-	-9,564	-16,616	37,827	24,980	25,186	-7,332	-3,417	-	-	-
Cash flow	-87,139	57,506	75,218	1.5m	54,703	53,772	42,790	-6,372	2.3m	-	8,745	840,354	38,414	25,539	26,658	-6,794	951	-	-	-
Investment in fixed assets (approximation)	0	0	0	0	0	0	-0	32,883	1.2m	-	0	-29,000	1,760	9.1m	72,500	0	75,000	-	-	-
Change in cash	11,514	-348,295	81,376	16,441	-55,921	27,728	7,701	-133,001	224,929	-9,178	-530,314	700,613	-104,847	17,754	-75,255	-9,945	-74,876	-40,559	250,076	-
Working capital	-78,603	8,536	-48,970	-124,188	-1.6m	-1.7m	-236,874	-279,664	-263,258	642,673	958,902	950,157	80,803	44,148	168,609	214,450	221,244	295,293	293,571	57,565
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	99.3%	-
Solvency	98.6%	98.6%	93.0%	93.0%	78.6%	78.1%	92.3%	81.5%	79.5%	96.8%	100.0%	99.7%	99.6%	98.3%	95.6%	97.5%	96.6%	96.9%	44.0%	67.7%
Current ratio	0.41	1.06	0.93	0.83	0.28	0.27	0.71	0.87	0.90	2.97	-	33.75	3.41	1.28	14.18	30.48	21.74	29.68	1.73	2.50
Debt to equity	0.01	0.01	0.08	0.08	0.27	0.28	0.08	0.23	0.26	0.03	0.00	0.00	0.00	0.02	0.05	0.03	0.04	0.03	1.27	0.48
ROE	-1.4%	0.1%	0.3%	14.9%	0.0%	0.0%	-0.1%	-0.6%	21.3%	27.6%	0.1%	8.4%	0.1%	0.0%	-1.0%	-7.7%	-4.6%	0.5%	75.4%	68.0%
ROA	-1.4%	0.1%	0.3%	13.9%	0.0%	0.0%	-0.1%	-0.5%	17.0%	26.7%	0.1%	8.3%	0.1%	0.0%	-1.0%	-7.5%	-4.5%	0.5%	33.2%	46.1%
Interest coverage	-106.36	31.57	67.23	-4.75	6.14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	313 days	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	165 days	-	42772 days	-

Name	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
CEC InvestFR 2012 to 2025: 100%							100%
FICHAUTOFR 2006 to 2017: 7.5%	7.5%

Overview

Lifetime

Key points

Result

Liquidity

Filings

Checked score

Score breakdown

Credit verdict

Signals

Board and ownership

Recent changes

Official details

Annual accounts 2025

Insights on E2C

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Filed annual accounts

Filings

Key figures and ratios

Insights on E2C

Board & ownership

Board

Mandates through the years

Control

Capital

Shareholders

Capital transactions

Network & group

Holdings

Europe 1 Equity Result

Holdings and subsidiaries

Holdings 1

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

Invoicing and payment