ECMW
Annual accounts 2025
micro format, filed on 24-06-2026, 37 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 ≈ €56,000. Estimated: probably between €40,000 and €89,000.
Balance sheet
balance sheet total €115,087 on 31-12-2025in euro
in euro
Position in the sector
87.2%
Higher than 86% of 16,416 companies in 2025.
6.78
Higher than 84% of 16,156 companies in 2025.
3.4%
Higher than 18% of 16,293 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
115,087 | 271,985 | 134,507 | 144,512 | 237,703 | 260,784 | 259,561 | 261,699 | 269,143 | 249,289 | |
20 |
- | - | - | - | - | - | - | - | - | 425 | |
21/28 |
15,124 | 21,289 | - | - | 226,560 | 216,745 | 229,937 | 245,375 | 260,814 | 213,359 | |
22/27 |
15,124 | 21,289 | - | - | 226,560 | 216,745 | 229,937 | 245,375 | 260,814 | 213,359 | |
22 |
- | - | - | - | 201,499 | 211,905 | 220,257 | 230,855 | 241,454 | 213,359 | |
24 |
15,124 | 21,289 | - | - | 25,061 | 4,840 | 9,680 | 14,520 | 19,360 | - | |
29/58 |
99,963 | 250,696 | 134,507 | 144,512 | 11,143 | 44,039 | 29,624 | 16,324 | 8,329 | 35,505 | |
40/41 |
11,336 | 15,190 | 1,302 | 4,026 | 4,089 | 5,472 | 7,989 | 3,281 | 5,670 | 31,830 | |
40 |
1,949 | 3,367 | 1,302 | 1,306 | 2,477 | 5,472 | 6,420 | 3,180 | 3,170 | - | |
41 |
9,387 | 11,823 | - | 2,720 | 1,612 | - | 1,569 | 101 | 2,500 | 31,830 | |
50/53 |
78,700 | 230,155 | - | - | - | - | - | - | - | - | |
54/58 |
7,757 | 4,473 | 133,205 | 140,486 | 7,054 | 38,567 | 21,635 | 13,043 | 2,659 | 3,675 | |
490/1 |
2,170 | 878 | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
115,087 | 271,985 | 134,507 | 144,512 | 237,703 | 260,784 | 259,561 | 261,699 | 269,143 | 249,289 | |
10/15 |
100,347 | 96,428 | 130,167 | 130,662 | 94,853 | 61,805 | 61,687 | 63,845 | 42,144 | 30,721 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
100 |
- | - | - | - | - | - | 25,000 | 25,000 | 25,000 | 25,000 | |
13 |
71,308 | 71,308 | 105,158 | 105,158 | 69,350 | 36,350 | 36,350 | 36,350 | 13,900 | 2,500 | |
130/1 |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,500 | 2,500 | 2,500 | 2,500 | |
1311 |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | - | - | - | - | |
133 |
68,808 | 68,808 | 102,658 | 102,658 | 66,850 | 33,850 | 33,850 | 33,850 | 11,400 | - | |
14 |
4,039 | 120 | 9 | 504 | 503 | 455 | 337 | 2,495 | 3,244 | 3,221 | |
16 |
- | - | - | 2,600 | - | - | - | - | - | - | |
168 |
- | - | - | 2,600 | - | - | - | - | - | - | |
17/49 |
14,740 | 175,557 | 4,340 | 11,250 | 142,850 | 198,979 | 197,874 | 197,854 | 226,999 | 218,568 | |
17 |
- | - | - | - | 99,578 | 110,495 | 129,039 | 147,961 | 165,585 | 162,983 | |
170/4 |
- | - | - | - | 96,578 | 107,495 | 126,039 | 144,961 | 163,585 | 162,983 | |
178/9 |
- | - | - | - | 3,000 | 3,000 | 3,000 | 3,000 | 2,000 | - | |
42/48 |
14,740 | 175,557 | 4,340 | 10,704 | 42,080 | 87,289 | 68,544 | 49,675 | 61,304 | 55,585 | |
42 |
- | - | - | - | 10,518 | 18,544 | 18,922 | 18,624 | 18,323 | 13,586 | |
44 |
- | 877 | 1,377 | 1,148 | 130 | 953 | 120 | 3,154 | 1,275 | 3,707 | |
440/4 |
- | 877 | 1,377 | 1,148 | 130 | 953 | 120 | 3,154 | 1,275 | 3,707 | |
45 |
2,041 | 5,884 | 563 | 3,007 | 4,179 | 1,345 | 8,002 | 5,456 | 6,537 | 38,292 | |
450/3 |
2,041 | 5,884 | 563 | 3,007 | 4,179 | 1,345 | 8,002 | 5,456 | 6,537 | 12,527 | |
454/9 |
- | - | - | - | - | - | - | - | - | 25,765 | |
47/48 |
12,699 | 168,796 | 2,400 | 6,549 | 27,253 | 66,447 | 41,500 | 22,441 | 35,169 | - | |
492/3 |
- | - | - | 546 | 1,192 | 1,195 | 291 | 218 | 110 | - | |
| Income statement | |||||||||||
9900 |
11,625 | 223,543 | 533 | 59,730 | 62,524 | 54,550 | 48,546 | 52,259 | 39,177 | 17,457 | |
630 |
6,165 | 3,368 | - | - | 11,645 | 15,577 | 15,438 | 15,439 | 15,863 | 5,958 | |
635/8 |
- | - | -2,600 | 2,600 | - | - | - | - | - | - | |
640/8 |
887 | 1,643 | 384 | 4,496 | 2,060 | 1,837 | 1,814 | 1,785 | 2,252 | 839 | |
9901 |
4,573 | 218,532 | 2,749 | 52,634 | 48,819 | 37,136 | 31,294 | 35,035 | 21,062 | 10,660 | |
75/76B |
2,638 | 3,234 | - | - | - | - | - | - | - | - | |
75 |
2,638 | 3,234 | - | - | - | - | - | - | - | - | |
65/66B |
90 | 175 | 38 | 2,545 | 2,592 | 2,894 | 2,919 | 3,135 | 3,548 | 2,833 | |
65 |
90 | 175 | 38 | 2,545 | 2,592 | 2,894 | 2,919 | 3,135 | 3,548 | 2,833 | |
9903 |
7,121 | 221,591 | 2,711 | 50,089 | 46,227 | 34,242 | 28,375 | 31,900 | 17,514 | 7,827 | |
67/77 |
3,202 | 53,480 | 806 | 14,280 | 13,179 | 7,624 | 6,533 | 9,399 | 6,091 | 2,106 | |
9904 |
3,919 | 168,111 | 1,905 | 35,809 | 33,048 | 26,618 | 21,842 | 22,501 | 11,423 | 5,721 | |
9905 |
3,919 | 168,111 | 1,905 | 35,809 | 33,048 | 26,618 | 21,842 | 22,501 | 11,423 | 5,721 | |
| Appropriation of the result | |||||||||||
9906 |
4,039 | 168,120 | 2,409 | 36,312 | 33,503 | 26,955 | 24,337 | 25,745 | 14,644 | 5,721 | |
14P |
120 | 9 | 504 | 503 | 455 | - | - | - | - | - | |
791/2 |
- | 33,850 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 35,808 | 33,000 | - | - | 22,450 | 11,400 | 2,500 | |
6920 |
- | - | - | - | - | - | - | - | - | 2,500 | |
6921 |
- | - | - | 35,808 | 33,000 | - | - | 22,450 | 11,400 | - | |
694/7 |
- | 201,850 | 2,400 | - | - | 26,500 | 24,000 | 800 | - | - | |
694 |
- | 201,850 | 2,400 | - | - | 26,500 | 24,000 | 800 | - | - | |
| Document | |||||||||||
The notes to these accounts have 4 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 24-06-2026.
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 | 24-06-2026 | 2026-00192078 | |
| 31-12-2024 | micro format | 25-06-2025 | 2025-00173198 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00303594 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00172551 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20233243 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-24800436 | |
| 31-12-2019 | micro format | 26-06-2020 | 2020-20700421 | |
| 31-12-2018 | micro format | 26-06-2019 | 2019-22200383 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-24700049 | |
| 31-12-2016 | micro format | 27-06-2017 | 2017-21200116 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10,738 | 221,900 | - | - | 60,464 | 52,713 | 46,732 | 50,474 | 36,925 | 16,618 | ||
| 10,084 | 171,479 | - | - | 44,693 | 42,195 | 37,280 | 37,940 | 27,286 | 11,679 | ||
| 0 | 24,657 | - | 850 | 26,300 | 2,385 | 0 | 0 | 62,893 | 218,468 | ||
| 3,284 | -128,732 | -7,281 | 133,432 | -31,513 | 16,932 | 8,592 | 10,384 | -1,016 | - | ||
| 85,223 | 75,139 | 130,167 | 133,808 | -30,937 | -43,250 | -38,920 | -33,351 | -52,975 | -20,080 | ||
| 87.2% | 35.5% | 96.8% | 90.4% | 39.9% | 23.7% | 23.8% | 24.4% | 15.7% | 12.3% | ||
| 6.78 | 1.43 | 30.99 | 13.50 | 0.26 | 0.50 | 0.43 | 0.33 | 0.14 | 0.64 | ||
| 0.15 | 1.82 | 0.03 | 0.09 | 1.51 | 3.22 | 3.21 | 3.10 | 5.39 | 7.11 | ||
| 3.9% | 174.3% | 1.5% | 27.4% | 34.8% | 43.1% | 35.4% | 35.2% | 27.1% | 18.6% | ||
| 3.4% | 61.8% | 1.4% | 24.8% | 13.9% | 10.2% | 8.4% | 8.6% | 4.2% | 2.3% | ||
| over 100 | over 100 | - | - | 23.33 | - | - | - | - | - |
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.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | - | - | €25,000 |
| Carrying value of the mortgaged assets | - | - | - | - | €201,499 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €24,657 | - | €850 | €26,300 |
| €6,165 | €3,368 | - | - | €11,645 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ECMW
The operating result for 2025 is 98% lower than in 2024.
Debt's share of the balance-sheet total falls from 64.5% to 12.8%. Equity is higher and debt is lower.