ECHO
Annual accounts 2025
micro format, filed on 22-06-2026, 39 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €130,000 and €220,000.
Balance sheet
balance sheet total €257,363 on 31-12-2025in euro
in euro
Position in the sector
68.9%
Higher than 68% of 9,696 companies in 2025.
3.19
Higher than 68% of 9,314 companies in 2025.
22.5%
Higher than 66% of 9,438 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
257,363 | 235,586 | 213,397 | 255,953 | 224,686 | 199,765 | 116,512 | 72,606 | 132,418 | 113,053 | 128,472 | 156,726 | 137,771 | 107,316 | 164,356 | 140,065 | 81,442 | 60,547 | 59,964 | |
21/28 |
1,714 | 504 | 756 | 1,009 | 1,833 | 3,607 | 3,664 | 2,182 | 3,577 | 2,027 | 882 | 2,274 | 7,906 | 13,677 | 19,311 | 24,202 | 1,106 | 2,573 | 4,978 | |
22/27 |
1,714 | 504 | 756 | 1,009 | 1,833 | 3,607 | 3,664 | 2,182 | 3,577 | 2,027 | 882 | 2,274 | 7,906 | 13,677 | 19,311 | 24,202 | 1,106 | 2,573 | 4,978 | |
23 |
1,462 | - | - | - | 1,833 | 3,607 | 3,664 | 2,182 | 3,577 | 2,027 | 882 | 2,274 | 1,977 | 1,821 | 1,526 | 489 | 1,106 | 2,573 | 4,978 | |
24 |
252 | 504 | 756 | 1,009 | - | - | - | - | - | - | - | - | 5,928 | 11,857 | 17,785 | 23,713 | - | - | - | |
29/58 |
255,650 | 235,082 | 212,641 | 254,944 | 222,852 | 196,158 | 112,848 | 70,424 | 128,841 | 111,027 | 127,590 | 154,452 | 129,865 | 93,638 | 145,045 | 115,863 | 80,336 | 57,974 | 54,986 | |
40/41 |
43,138 | 46,661 | 55,842 | 45,896 | 1,586 | 35,418 | 39,555 | 7,984 | 85,369 | 75,154 | 99,890 | 102,852 | 127,334 | 75,343 | 90,617 | 40,811 | 33,796 | 12,270 | 13,486 | |
40 |
43,138 | 46,661 | 55,842 | 45,896 | 1,586 | 35,418 | 39,555 | 6,694 | 85,369 | 75,042 | 79,628 | 83,055 | 112,468 | 60,851 | 75,281 | 28,193 | 22,143 | - | 378 | |
41 |
- | - | - | - | - | - | - | 1,290 | - | 112 | 20,262 | 19,796 | 14,866 | 14,492 | 15,336 | 12,618 | 11,653 | 12,270 | 13,108 | |
50/53 |
46,000 | 122,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
165,364 | 59,044 | 155,340 | 207,667 | 219,938 | 159,427 | 72,017 | 61,222 | 42,276 | 34,712 | 18,537 | 50,499 | 1,460 | 16,739 | 53,050 | 73,794 | 46,540 | 45,704 | 41,500 | |
490/1 |
1,148 | 7,377 | 1,459 | 1,381 | 1,328 | 1,313 | 1,276 | 1,218 | 1,197 | 1,161 | 9,164 | 1,102 | 1,072 | 1,556 | 1,379 | 1,259 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
257,363 | 235,586 | 213,397 | 255,953 | 224,686 | 199,765 | 116,512 | 72,606 | 132,418 | 113,053 | 128,472 | 156,726 | 137,771 | 107,316 | 164,356 | 140,065 | 81,442 | 60,547 | 59,964 | |
10/15 |
177,222 | 181,716 | 192,045 | 179,740 | 196,780 | 167,921 | 105,612 | 69,874 | 65,375 | 61,578 | 69,326 | 102,379 | 77,302 | 55,221 | 93,241 | 102,326 | 64,544 | 60,489 | 59,964 | |
10/11 |
6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | - | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | |
13 |
171,025 | 175,519 | 185,848 | 173,543 | 227,535 | 198,676 | 136,367 | 100,628 | 96,129 | 96,129 | 96,129 | 96,129 | 96,129 | 96,129 | 96,129 | 96,129 | 58,347 | 54,530 | 54,530 | |
130/1 |
- | - | 0 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
- | - | 0 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
171,025 | 175,519 | 185,848 | 171,684 | 225,676 | 196,817 | 134,508 | 98,769 | 94,270 | 94,270 | 94,270 | 94,270 | 94,270 | 94,270 | 94,270 | 94,270 | 56,488 | 52,671 | 52,671 | |
14 |
0 | 0 | 0 | - | -36,952 | -36,952 | -36,952 | -36,952 | -36,952 | -40,748 | -33,001 | 52 | -25,024 | -47,105 | -9,086 | - | - | -238 | -763 | |
16 |
- | - | - | - | - | - | - | - | 50,290 | 50,290 | 50,290 | 50,290 | 50,290 | 50,290 | 50,290 | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | - | 50,290 | 50,290 | 50,290 | 50,290 | 50,290 | 50,290 | 50,290 | - | - | - | - | |
164/5 |
- | - | - | - | - | - | - | - | 50,290 | 50,290 | - | - | - | - | - | - | - | - | - | |
17/49 |
80,142 | 53,870 | 21,353 | 76,213 | 27,906 | 31,844 | 10,899 | 2,733 | 16,754 | 1,185 | 8,857 | 4,058 | 10,179 | 1,805 | 20,825 | 37,739 | 16,898 | 58 | - | |
42/48 |
80,142 | 53,870 | 21,353 | 76,213 | 27,906 | 31,844 | 10,229 | 2,063 | 8,404 | 1,185 | 8,857 | 4,058 | 10,179 | 1,805 | 18,825 | 31,739 | 16,898 | 58 | - | |
44 |
11,251 | 12,392 | 1,042 | 6,861 | 20,295 | 6,689 | 997 | 1,398 | 253 | 942 | 3,381 | 308 | 276 | 128 | 15,010 | 1,187 | 145 | 58 | - | |
440/4 |
11,251 | 12,392 | 1,042 | 6,861 | 20,295 | 6,689 | 997 | 1,398 | 253 | 942 | 3,381 | 308 | 276 | 128 | 15,010 | 1,187 | 145 | 58 | - | |
45 |
9,697 | 7,527 | 15,812 | 29,229 | 6,610 | 21,655 | 9,232 | 665 | 8,151 | 243 | 5,476 | 3,750 | 9,903 | 1,677 | 3,816 | 21,552 | 7,753 | - | - | |
450/3 |
9,697 | 7,527 | 15,812 | 29,229 | 6,610 | 21,655 | 9,232 | 665 | 8,151 | 243 | 5,476 | 3,750 | 9,903 | 1,677 | 3,816 | 21,552 | 7,753 | - | - | |
47/48 |
59,193 | 33,952 | 4,499 | 40,123 | 1,000 | 3,500 | - | - | - | - | - | - | - | - | - | 9,000 | 9,000 | - | - | |
492/3 |
- | - | - | - | - | - | 670 | 670 | 8,350 | - | - | - | - | - | 2,000 | 6,000 | - | - | - | |
| Income statement | ||||||||||||||||||||
9900 |
78,942 | 35,901 | 25,109 | 58,171 | 42,697 | 46,421 | 88,139 | -42,694 | 6,370 | -4,527 | -31,805 | 34,593 | 29,786 | -31,330 | 47,216 | 65,239 | 21,803 | 1,924 | 11,812 | |
630 |
279 | 252 | 252 | 825 | 1,774 | 1,774 | 1,366 | 1,395 | 1,466 | 1,788 | 1,392 | 7,849 | 7,873 | 7,220 | 7,180 | 6,636 | 2,874 | 2,405 | 2,405 | |
631/4 |
- | - | - | - | - | -43,438 | 43,438 | -50,290 | - | - | - | - | - | - | 50,290 | - | - | - | - | |
640/8 |
710 | 899 | 870 | 793 | 787 | 785 | 777 | 769 | 761 | 753 | 750 | 749 | 905 | 573 | 801 | 1,952 | 348 | - | - | |
9901 |
77,953 | 34,750 | 23,987 | 56,553 | 40,136 | 87,301 | 42,558 | 5,432 | 4,142 | -7,068 | -33,947 | 25,995 | 21,008 | -39,123 | -11,055 | 56,651 | 18,581 | -481 | 9,407 | |
75/76B |
2,220 | 1,577 | - | - | 208 | - | - | - | - | 11 | 1,397 | 1,471 | 1,315 | 1,665 | 2,089 | 1,338 | 1,386 | 1,208 | 1,171 | |
75 |
2,220 | 1,577 | - | - | 208 | - | - | - | - | 11 | 1,397 | 1,471 | 1,315 | 1,665 | 2,089 | 1,338 | 1,386 | 1,208 | 1,171 | |
65/66B |
123 | 274 | 156 | 197 | 143 | 181 | 100 | 268 | 99 | 446 | 401 | 526 | 114 | 480 | 184 | 490 | 29 | 21 | 25 | |
65 |
123 | 274 | 156 | 197 | 143 | 181 | 100 | 268 | 99 | 446 | 401 | 526 | 114 | 480 | 184 | 490 | 29 | 21 | 25 | |
9903 |
80,050 | 36,054 | 23,831 | 56,356 | 40,201 | 87,119 | 42,458 | 5,164 | 4,043 | -7,502 | -32,952 | 26,940 | 22,209 | -37,939 | -9,150 | 57,498 | 19,938 | 706 | 10,553 | |
67/77 |
22,235 | 10,644 | 7,027 | 16,077 | 11,342 | 24,811 | 6,719 | 665 | 247 | 245 | 101 | 1,863 | 128 | 81 | -64 | 19,716 | 6,883 | 181 | 120 | |
9904 |
57,815 | 25,410 | 16,804 | 40,278 | 28,859 | 62,309 | 35,739 | 4,499 | 3,796 | -7,747 | -33,053 | 25,077 | 22,081 | -38,019 | -9,086 | 37,782 | 13,055 | 525 | 10,433 | |
9905 |
57,815 | 25,410 | 16,804 | 40,278 | 28,859 | 62,309 | 35,739 | 4,499 | 3,796 | -7,747 | -33,053 | 25,077 | 22,081 | -38,019 | -9,086 | 37,782 | 13,055 | 525 | 10,433 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
57,815 | 25,410 | 16,804 | 3,327 | -8,093 | 25,357 | -1,213 | -32,453 | -36,952 | -40,748 | -33,001 | 52 | -25,024 | -47,105 | -9,086 | 37,782 | 12,817 | -238 | -763 | |
14P |
- | - | - | -36,952 | -36,952 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
62,309 | 35,739 | 4,499 | 94,270 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
57,815 | 25,410 | 16,804 | 40,278 | 28,859 | 62,309 | 35,739 | 4,499 | - | - | - | - | - | - | - | 37,782 | 3,817 | - | - | |
6921 |
57,815 | 25,410 | 16,804 | 40,278 | 28,859 | 62,309 | 35,739 | 4,499 | - | - | - | - | - | - | - | 37,782 | 3,817 | - | - | |
694/7 |
62,309 | 35,739 | 4,499 | 57,319 | - | - | - | - | - | - | - | - | - | - | - | - | 9,000 | - | - | |
694 |
62,309 | 35,739 | 4,499 | 57,319 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,000 | - | - | |
| Document | ||||||||||||||||||||
The accounts for 16 older financial years (1991-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00180012 | |
| 31-12-2024 | micro format | 10-06-2025 | 2025-00126965 | |
| 31-12-2023 | micro format | 10-06-2024 | 2024-00117417 | |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00351710 | |
| 31-12-2021 | micro format | 07-06-2022 | 2022-20048801 | |
| 31-12-2020 | micro format | 17-06-2021 | 2021-20900400 | |
| 31-12-2019 | micro format | 09-06-2020 | 2020-15500562 | |
| 31-12-2018 | micro format | 11-06-2019 | 2019-17500590 | |
| 31-12-2017 | micro format | 09-07-2018 | 2018-30700370 | |
| 31-12-2016 | micro format | 12-07-2017 | 2017-31000400 | |
| 31-12-2015 | abbreviated format | 24-06-2016 | 2016-22200188 | |
| 31-12-2014 | abbreviated format | 23-07-2015 | 2015-34300401 | |
| 31-12-2013 | abbreviated format | 09-07-2014 | 2014-29100496 | |
| 31-12-2012 | abbreviated format | 07-08-2013 | 2013-40800399 | |
| 31-12-2011 | abbreviated format | 17-08-2012 | 2012-41900463 | |
| 31-12-2010 | abbreviated format | 26-08-2011 | 2011-46300408 | |
| 31-12-2009 | abbreviated format | 26-08-2010 | 2010-47400509 | |
| 31-12-2008 | abbreviated format | 27-07-2009 | 2009-50100020 | |
| 31-12-2007 | abbreviated format | 31-07-2008 | 2008-49800109 | |
| 31-12-2006 | abbreviated format | 25-09-2007 | 2007-72600361 | |
| 31-12-2005 | abbreviated format | 29-06-2006 | 2006-35804224 | |
| 31-12-2004 | abbreviated format | 12-10-2005 | 2005-82302300 | |
| 31-12-2003 | abbreviated format | 13-10-2004 | 2004-73104469 | |
| 31-12-2002 | abbreviated format | 04-09-2003 | 2003-64704079 | |
| 31-12-2001 | abbreviated format | 08-04-2003 | 2003-10400027 | |
| 31-12-2000 | abbreviated format | 20-07-2001 | 2001-42103435 | |
| 31-12-1999 | abbreviated format | 14-07-2000 | 2000-42600231 | |
| 31-12-1998 | abbreviated format | 15-09-1999 | 1999-46801903 | |
| 31-12-1997 | abbreviated format | 01-09-1998 | 1998-44405339 | |
| 31-12-1996 | abbreviated format | 23-06-1997 | 1997-19804412 | |
| 31-12-1995 | abbreviated format | 21-06-1996 | 1996-21300674 | |
| 31-12-1994 | abbreviated format | 20-06-1995 | 1995-26301031 | |
| 31-12-1993 | abbreviated format | 22-06-1994 | 1994-18204408 | |
| 31-12-1992 | abbreviated format | 26-07-1993 | 1993-28800731 | |
| 31-12-1991 | abbreviated format | 31-08-1992 | 1992-30002651 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 78,232 | 35,002 | 24,239 | 57,378 | 41,909 | 89,074 | 43,924 | 6,827 | 5,608 | -5,280 | -32,555 | 33,844 | 28,881 | -31,903 | -3,875 | 63,287 | 21,455 | 1,924 | 11,812 | ||
| 58,094 | 25,662 | 17,056 | 41,103 | 30,633 | 64,083 | 37,105 | 5,894 | 5,262 | -5,959 | -31,661 | 32,926 | 29,954 | -30,799 | -1,906 | 44,418 | 15,929 | 2,930 | 12,838 | ||
| 1,489 | 0 | 0 | 0 | 0 | 1,717 | 2,848 | 0 | 3,017 | 2,933 | 0 | 2,218 | 2,101 | 1,587 | 2,288 | 29,732 | 1,407 | 0 | 6,326 | ||
| 106,320 | -96,297 | -52,327 | -12,270 | 60,510 | 87,410 | 10,795 | 18,946 | 7,564 | 16,175 | -31,962 | 49,039 | -15,279 | -36,310 | -20,744 | 27,254 | 836 | 4,204 | - | ||
| 175,508 | 181,212 | 191,288 | 178,731 | 194,947 | 164,314 | 102,619 | 68,361 | 120,438 | 109,842 | 118,734 | 150,394 | 119,686 | 91,834 | 126,220 | 84,124 | 63,438 | 57,916 | - | ||
| 68.9% | 77.1% | 90.0% | 70.2% | 87.6% | 84.1% | 90.6% | 96.2% | 49.4% | 54.5% | 54.0% | 65.3% | 56.1% | 51.5% | 56.7% | 73.1% | 79.3% | 99.9% | 100.0% | ||
| 3.19 | 4.36 | 9.96 | 3.35 | 7.99 | 6.16 | 11.03 | 34.14 | 15.33 | 93.69 | 14.41 | 38.06 | 12.76 | 51.89 | 7.70 | 3.65 | 4.75 | - | - | ||
| 0.45 | 0.30 | 0.11 | 0.42 | 0.14 | 0.19 | 0.10 | 0.04 | 0.26 | 0.02 | 0.13 | 0.04 | 0.13 | 0.03 | 0.22 | 0.37 | 0.26 | 0.00 | - | ||
| 32.6% | 14.0% | 8.7% | 22.4% | 14.7% | 37.1% | 33.8% | 6.4% | 5.8% | -12.6% | -47.7% | 24.5% | 28.6% | -68.8% | -9.7% | 36.9% | 20.2% | 0.9% | 17.4% | ||
| 22.5% | 10.8% | 7.9% | 15.7% | 12.8% | 31.2% | 30.7% | 6.2% | 2.9% | -6.9% | -25.7% | 16.0% | 16.0% | -35.4% | -5.5% | 27.0% | 16.0% | 0.9% | 17.4% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,489 | - | - | - | - |
| €279 | €252 | €252 | €825 | €1,774 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ECHO
The operating result for 2025 is 124% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 22.9% to 31.1%. Equity is lower and debt is higher.