ECOSTAL

Active

Public limited companyfounded 200818 yrs activeRue du Relais(CER) 1, 4632 Soumagne, BelgiumKBO/BCE: BE 0806.747.119

Summary

ECOSTAL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27.1m and a net result of -€3.0m. Equity is growing by ~48.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysis Watch Report Compare

ECOSTALActiveChecked score 53/100

Risk analysis Report Compare

Checked score

Score 2025

53 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability22▲+6

Solvency47▼-3

Growth51▼-1

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1,400,000 at 30 days acceptable

Liquidity short (current ratio 0.54 against 0.41 in 2024; short-term debt: 24.8% and cash: 1.3% of total assets), and 77.6% of the assets are financed with debt.

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Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

22.4%

Return on assets

-2.5%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Wholesale trade (NACE 46)

about 21% more bankruptcies

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€3.0m

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 4926 sector peers (2025).

NBB · sector comparison

Position among 4926 sector peers

Solvency

better than 25%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

8 d early

2024

3 d early

2023

27 d early

2022

14 d early

2021

23 d early

2020

18 d early

2019

7 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

27-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

ECOSTAL was incorporated on 22 September 2008.¹ The registered office was moved to Cerexhee-Heuseux in 2020.² Between 2022 and 2024 the capital was increased 3 times, most recently to EUR 18 million.³⁴⁵ The board currently has 2 members; ESSENSIS CONSULT has served longest, since 2021.⁶ Revenue fell from EUR 124 million in 2023 to EUR 33 million in 2025 and headcount from 15.2 to 11.4 full-time equivalents.⁷

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Financials · fiscal year 2025, full schema

In the rankings #1 company by total assets in Soumagne, Wholesale and retail trade sector #1 company by equity in Soumagne, Wholesale and retail trade sector #10 employer in Soumagne, Wholesale and retail trade sector

Turnover

€32.5m▼ 0.1%

2024 · €32.5m

EBIT margin

1.9%▲ 3.8pp

2024 · -1.9%

Net result

-€3.0m▼ 5.3%

2024 · -€2.8m

Working capital

-€13.7m▲ 42.0%

2024 · -€23.5m

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Turnover€48.2m▲ 73.3%€108.3m▲ 125%€123.7m▲ 14.2%€32.5m▼ 73.7%€32.5m▼ 0.1%

Operating result€4.1m▲ 111%€15.9m▲ 288%€16.8m▲ 6.0%-€619,681€602,630

Net result€3.2m▲ 95.2%€11.9m▲ 277%€12.6m▲ 5.8%-€2.8m-€3.0m▼ 5.3%

EBIT margin8.5%▲ 1.5pp14.7%▲ 6.2pp13.6%▼ 1.1pp-1.9%▼ 15.5pp1.9%▲ 3.8pp

Equity€5.1m▲ 29.2%€11.6m▲ 130%€14.9m▲ 28.2%€30.1m▲ 102%€27.1m▼ 9.9%

Total assets€23.6m▲ 97.1%€41.2m▲ 74.4%€66.4m▲ 61.2%€121.7m▲ 83.1%€121.1m▼ 0.5%

Debt€18.6m▲ 130%€29.6m▲ 59.2%€51.5m▲ 74.2%€91.6m▲ 77.7%€93.9m▲ 2.6%

Working capital€2.9m▲ 57.5%€7.8m▲ 169%€6.0m▼ 22.8%-€23.5m-€13.7m▲ 42.0%

Staff (FTE)7▲ 4.5%9.4▲ 34.3%15.2▲ 61.7%11.8▼ 22.4%11.4▼ 3.4%

Why a figure moved sharply

2024 Equity +102%, Total assets +83% on 2023. Capital increase of €18,000,000 (Official Gazette 24-12-2024).
2023 Total assets +61%, Staff (FTE) +62% on 2022. Part of SART GARE IMMO received in a demerger, Official Gazette 09-10-2023.
2022 Net result +277%, Equity +130% on 2021. Demerger to SART GARE IMMO, Official Gazette 19-07-2022.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €602,630 after a loss of €619,681 in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €120.3m

86.4%

13.6%

Fixed assets €104.0m ▼ 0.1%

Current assets €16.3m ▼ 1.7%

Equity and liabilities €121.1m

22.4%

77.6%

Equity €27.1m ▼ 9.9%

Provisions €0 ▼ 100%

Debt €93.9m ▲ 2.6%

Debt's share of the balance-sheet total rises from 75.3% to 77.6%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€955,567▲

2024 · -€370,324

Cash flow

-€2.6m▼

2024 · -€2.6m

Current ratio

0.54▲

2024 · 0.41

Quick ratio

0.32▲

2024 · 0.20

Debt to equity

3.47▲

2024 · 3.04

ROE

-11.0%▼

2024 · -9.4%

ROA

-2.5%▼

2024 · -2.3%

Interest coverage

0.26▲

2024 · -0.14

Debt ≤ 1 year

€30.0m▼

2024 · €40.1m

Debt > 1 year

€62.2m▲

2024 · €51.1m

Income taxes

€20,309▲

2024 · €1,511

Staff costs

€782,266▲

2024 · €716,859

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 91 lines

Balance sheet Code20242025

Assets

Total assets20/58€121.7m€121.1m▼

Formation expenses20€931,979€728,847▼

Fixed assets21/28€104.1m€104.0m▼

Intangible fixed assets21€39,301€19,346▼

Tangible fixed assets22/27€322,053€212,681▼

Plant, machinery and equipment23€83,316€52,309▼

Furniture and vehicles24€231,722€149,993▼

Other tangible fixed assets26€7,015€10,379▲

Financial fixed assets28€103.8m€103.8m=

Affiliated companies280/1€103.8m€103.8m=

Participating interests280€103.8m€103.8m=

Other financial fixed assets284/8€98€98=

Amounts receivable and cash guarantees285/8€98€98=

Current assets29/58€16.6m€16.3m▼

Stocks and contracts in progress3€8.4m€6.7m▼

Stocks30/36€8.4m€6.7m▼

Goods purchased for resale34€8.4m€6.7m▼

Advance payments36€0-

Amounts receivable within one year40/41€6.4m€8.0m▲

Trade receivables40€4.6m€4.6m▼

Other amounts receivable41€1.7m€3.4m▲

Current investments50/53-€95

Other investments51/53-€95

Cash at bank and in hand54/58€1.8m€1.5m▼

Deferred charges and accrued income490/1€80,190€50,030▼

Equity and liabilities

Total equity and liabilities10/49€121.7m€121.1m▼

Equity10/15€30.1m€27.1m▼

Contributions10/11€18.1m€18.1m=

Capital10€18.1m€18.1m=

Issued capital100€18.1m€18.1m=

Reserves13€10,000€10,000=

Non-distributable reserves130/1€10,000€10,000=

Reserves not available under the articles1311€10,000€10,000=

Profit (loss) carried forward14€11.9m€8.9m▼

Investment grants15€78,533€76,192▼

Provisions and deferred taxes16€8,724€0▼

Provisions for liabilities and charges160/5€8,724€0▼

Other liabilities and charges164/5€8,724€0▼

Amounts payable17/49€91.6m€93.9m▲

Amounts payable after more than one year17€51.1m€62.2m▲

Financial debts170/4€51.1m€62.2m▲

Subordinated loans170€21.3m€21.6m▲

Credit institutions173€29.8m€40.6m▲

Amounts payable within one year42/48€40.1m€30.0m▼

Current portion of amounts payable after more than one year42€5.0m€129,061▼

Financial debts43€11.4m€4.9m▼

Credit institutions430/8€11.4m€4.9m▼

Trade debts44€3.5m€4.1m▲

Suppliers440/4€3.5m€4.1m▲

Advances received on contracts in progress46€92,579€17,313▼

Taxes, remuneration and social security45€508,169€391,959▼

Taxes450/3€445,344€313,766▼

Remuneration and social security454/9€62,825€78,193▲

Other amounts payable47/48€19.7m€20.5m▲

Accrued charges and deferred income492/3€362,147€1.8m▲

Income statement Code20242025

Operating income70/76A€32.9m€32.7m▼

Turnover70€32.5m€32.5m▼

Other operating income74€427,258€274,785▼

Operating charges60/66A€33.5m€32.1m▼

Goods for resale, raw materials and consumables60€30.1m€28.6m▼

Purchases600/8€24.6m€26.7m▲

Change in stocks: decrease (increase)609€5.4m€1.9m▼

Services and other goods61€2.3m€2.5m▲

Remuneration, social security and pensions62€716,859€782,266▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€249,357€352,936▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€67,433-€280,598▼

Provisions for liabilities and charges: additions (uses and reversals)635/8€8,724-€8,724▼

Other operating charges640/8€72,495€168,998▲

Non-recurring operating charges66A€61,005€0▼

Operating profit (loss)9901-€619,681€602,630▲

Financial income75/76B€467,257€246,746▼

Recurring financial income75€467,257€246,746▼

Income from current assets751€139,502€78,297▼

Other financial income752/9€327,755€168,449▼

Financial charges65/66B€2.7m€3.8m▲

Recurring financial charges65€2.7m€3.8m▲

Debt charges650€2.6m€3.7m▲

Other financial charges652/9€68,411€96,475▲

Profit (loss) for the period before taxes9903-€2.8m-€3.0m▼

Income taxes67/77€1,511€20,309▲

Taxes670/3€1,535€20,309▲

Tax adjustments and reversals of tax provisions77€24€0▼

Profit (loss) for the period9904-€2.8m-€3.0m▼

Profit (loss) for the period to be appropriated9905-€2.8m-€3.0m▼

Appropriation of the result

Profit (loss) to be appropriated9906€11.9m€8.9m▼

Profit (loss) brought forward from the previous period14P€14.7m€11.9m▼

Transfer to equity691/2€0-

To other reserves6921€0-

Profit to be distributed694/7€0-

Return on contributions (dividend)694€0-

Social balance

Average headcount (FTE)908711.811.4▼

The notes to these accounts (83 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Operating income70/76A	€48.2m	€108.5m	€124.2m	€32.9m	€32.7m	▼ 0.5%
Turnover70	€48.2m	€108.3m	€123.7m	€32.5m	€32.5m	▼ 0.1%
Other operating income74	€78,558	€200,744	€529,025	€427,258	€274,785	▼ 35.7%
Operating charges60/66A	€44.1m	€92.6m	€107.4m	€33.5m	€32.1m	▼ 4.2%
Goods for resale, raw materials and consumables60	€42.7m	€89.4m	€102.9m	€30.1m	€28.6m	▼ 4.9%
Purchases600/8	€49.8m	€100.9m	€93.7m	€24.6m	€26.7m	▲ 8.4%
Change in stocks: decrease (increase)609	-€7.1m	-€11.5m	€9.2m	€5.4m	€1.9m	▼ 65.1%
Services and other goods61	€760,143	€2.2m	€3.2m	€2.3m	€2.5m	▲ 10.5%
Remuneration, social security and pensions62	€337,107	€444,084	€765,704	€716,859	€782,266	▲ 9.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€342,958	€538,267	€284,103	€249,357	€352,936	▲ 41.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	€0	€32,979	€166,847	€67,433	-€280,598	▼ 516%
Provisions for liabilities and charges: additions (uses and reversals)635/8	-	-	-	€8,724	-€8,724	▼ 200%
Other operating charges640/8	€34,868	€45,657	€27,184	€72,495	€168,998	▲ 133%
Non-recurring operating charges66A	-	-	€5,523	€61,005	€0	▼ 100%
Operating profit (loss)9901	€4.1m	€15.9m	€16.8m	-€619,681	€602,630	▲ 197%
Financial income75/76B	€299,950	€455,314	€757,614	€467,257	€246,746	▼ 47.2%
Recurring financial income75	€299,950	€455,314	€757,614	€467,257	€246,746	▼ 47.2%
Income from current assets751	-	€689	€66,104	€139,502	€78,297	▼ 43.9%
Other financial income752/9	€299,950	€454,625	€691,509	€327,755	€168,449	▼ 48.6%
Non-recurring financial income76B	€0	-	-	-	-	-
Financial charges65/66B	€168,512	€306,161	€749,177	€2.7m	€3.8m	▲ 42.4%
Recurring financial charges65	€168,512	€306,161	€749,177	€2.7m	€3.8m	▲ 42.4%
Debt charges650	€119,088	€232,520	€727,319	€2.6m	€3.7m	▲ 42.4%
Other financial charges652/9	€49,424	€73,642	€21,858	€68,411	€96,475	▲ 41.0%
Non-recurring financial charges66B	€0	-	-	-	-	-
Profit (loss) for the period before taxes9903	€4.2m	€16.0m	€16.8m	-€2.8m	-€3.0m	▼ 4.6%
Income taxes67/77	€1.1m	€4.1m	€4.2m	€1,511	€20,309	▲ 1,244%
Taxes670/3	€1.1m	€4.1m	€4.2m	€1,535	€20,309	▲ 1,223%
Tax adjustments and reversals of tax provisions77	€6,811	€0	-	€24	€0	▼ 100%
Profit (loss) for the period9904	€3.2m	€11.9m	€12.6m	-€2.8m	-€3.0m	▼ 5.3%
Profit (loss) for the period to be appropriated9905	€3.2m	€11.9m	€12.6m	-€2.8m	-€3.0m	▼ 5.3%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€23.6m	€41.2m	€66.4m	€121.7m	€121.1m	▼ 0.5%
Formation expenses20	-	-	-	€931,979	€728,847	▼ 21.8%
Fixed assets21/28	€4.5m	€5.7m	€27.5m	€104.1m	€104.0m	▼ 0.1%
Intangible fixed assets21	€43,170	€36,218	€41,621	€39,301	€19,346	▼ 50.8%
Tangible fixed assets22/27	€4.0m	€5.2m	€420,320	€322,053	€212,681	▼ 34.0%
Land and buildings22	€2.5m	€3.6m	€0	-	-	-
Plant, machinery and equipment23	€1.3m	€1.2m	€147,446	€83,316	€52,309	▼ 37.2%
Furniture and vehicles24	€177,066	€367,774	€270,622	€231,722	€149,993	▼ 35.3%
Other tangible fixed assets26	€0	-	€2,252	€7,015	€10,379	▲ 48.0%
Financial fixed assets28	€449,138	€516,907	€27.0m	€103.8m	€103.8m	=
Affiliated companies280/1	€438,442	€500,000	€27.0m	€103.8m	€103.8m	=
Participating interests280	€438,442	€500,000	€27.0m	€103.8m	€103.8m	=
Other financial fixed assets284/8	€10,696	€16,907	€6,248	€98	€98	=
Amounts receivable and cash guarantees285/8	€10,696	€16,907	€6,248	€98	€98	=
Current assets29/58	€19.2m	€35.5m	€39.0m	€16.6m	€16.3m	▼ 1.7%
Stocks and contracts in progress3	€11.7m	€23.2m	€15.8m	€8.4m	€6.7m	▼ 20.1%
Stocks30/36	€11.7m	€23.2m	€15.8m	€8.4m	€6.7m	▼ 20.1%
Goods purchased for resale34	€11.7m	€23.2m	€13.9m	€8.4m	€6.7m	▼ 20.1%
Advance payments36	-	-	€2.0m	€0	-	-
Amounts receivable within one year40/41	€6.8m	€11.5m	€15.2m	€6.4m	€8.0m	▲ 25.9%
Trade receivables40	€6.5m	€11.1m	€13.2m	€4.6m	€4.6m	▼ 0.1%
Other amounts receivable41	€371,651	€304,122	€2.0m	€1.7m	€3.4m	▲ 95.3%
Current investments50/53	-	-	-	-	€95	-
Other investments51/53	-	-	-	-	€95	-
Cash at bank and in hand54/58	€649,445	€786,467	€7.8m	€1.8m	€1.5m	▼ 12.9%
Deferred charges and accrued income490/1	€550	€28,444	€128,808	€80,190	€50,030	▼ 37.6%
Equity and liabilities
Total equity and liabilities10/49	€23.6m	€41.2m	€66.4m	€121.7m	€121.1m	▼ 0.5%
Equity10/15	€5.1m	€11.6m	€14.9m	€30.1m	€27.1m	▼ 9.9%
Contributions10/11	€100,000	€100,000	€100,000	€18.1m	€18.1m	=
Capital10	€100,000	€100,000	€100,000	€18.1m	€18.1m	=
Issued capital100	€100,000	€100,000	€100,000	€18.1m	€18.1m	=
Outside capital11	€0	-	-	-	-	-
Other1109/19	€0	-	-	-	-	-
Reserves13	€10,000	€10,000	€10,000	€10,000	€10,000	=
Non-distributable reserves130/1	€10,000	€10,000	€10,000	€10,000	€10,000	=
Reserves not available under the articles1311	€10,000	€10,000	€10,000	€10,000	€10,000	=
Profit (loss) carried forward14	€4.8m	€11.4m	€14.7m	€11.9m	€8.9m	▼ 25.0%
Investment grants15	€148,458	€114,073	€81,337	€78,533	€76,192	▼ 3.0%
Provisions and deferred taxes16	-	-	-	€8,724	€0	▼ 100%
Provisions for liabilities and charges160/5	-	-	-	€8,724	€0	▼ 100%
Other liabilities and charges164/5	-	-	-	€8,724	€0	▼ 100%
Amounts payable17/49	€18.6m	€29.6m	€51.5m	€91.6m	€93.9m	▲ 2.6%
Amounts payable after more than one year17	€2.3m	€1.8m	€18.5m	€51.1m	€62.2m	▲ 21.8%
Financial debts170/4	€2.3m	€1.8m	€18.5m	€51.1m	€62.2m	▲ 21.8%
Subordinated loans170	-	-	€10.0m	€21.3m	€21.6m	▲ 1.4%
Credit institutions173	€2.3m	€1.8m	€8.5m	€29.8m	€40.6m	▲ 36.4%
Amounts payable within one year42/48	€16.3m	€27.7m	€32.9m	€40.1m	€30.0m	▼ 25.3%
Current portion of amounts payable after more than one year42	€563,895	€634,084	€1.2m	€5.0m	€129,061	▼ 97.4%
Financial debts43	€8.5m	€11.1m	€18.4m	€11.4m	€4.9m	▼ 56.7%
Credit institutions430/8	€8.5m	€11.1m	€18.4m	€11.4m	€4.9m	▼ 56.7%
Trade debts44	€3.8m	€7.8m	€6.9m	€3.5m	€4.1m	▲ 16.5%
Suppliers440/4	€3.8m	€7.8m	€6.9m	€3.5m	€4.1m	▲ 16.5%
Advances received on contracts in progress46	€198,528	€0	€191,167	€92,579	€17,313	▼ 81.3%
Taxes, remuneration and social security45	€1.3m	€3.2m	€1.6m	€508,169	€391,959	▼ 22.9%
Taxes450/3	€1.2m	€3.1m	€1.5m	€445,344	€313,766	▼ 29.5%
Remuneration and social security454/9	€29,407	€55,556	€83,787	€62,825	€78,193	▲ 24.5%
Other amounts payable47/48	€2.0m	€5.0m	€4.7m	€19.7m	€20.5m	▲ 3.7%
Accrued charges and deferred income492/3	€23,986	€59,687	€91,315	€362,147	€1.8m	▲ 389%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€3.2m	€11.9m	€12.6m	-€2.8m	-€3.0m	▼ 5.3%
+ Depreciation and write-downs630	€342,958	€538,267	€284,103	€249,357	€352,936	▲ 41.5%
Operating cash flow (approximation)	€3.5m	€12.5m	€12.9m	-€2.6m	-€2.6m	▼ 1.7%
Investment in fixed assets (approximation)	-	-€1.8m	-€22.0m	-€76.9m	-€223,609	▲ 99.7%
Change in cash	-	€137,022	€7.0m	-€6.0m	-€226,765	▲ 96.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 31Financial 5Gazette 16Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

15-09

State Gazette act Appointment: BDO Réviseurs d'entreprises SRL (commissaire aux comptes)

2 facts ▸

General meeting, 16-07-2026
Auditor appointment, BDO Réviseurs d'entreprises SRL (commissaire aux comptes)

23-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Weakest financial yearnet -€3.0m

Net result drops to -€3.0m, the lowest in the series.

28-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

19-05

State Gazette act Restructuring

Merger · Accounting effect · Net-asset statement8 facts ▸

Board meeting, 30-04-2025
Merger, fusion par absorption
Accounting effect, 01-01-2025
Net-asset statement, 31-12-2024
Real estate, Immeuble sis à: parc d'activité < Transvaal », module d'entreprise 29, selon le cadastre « magasin >, avec les dépendances sur et dans le sol, situé WINDHOEK 29…
Real estate, Droit d'usage sur une parcelle de terrain dans le parc d'activités «Transvaal», situé WINDHOEK 29 A, cadastré selon le titre et l'extrait cadastral actuel: sect…
Power of attorney, DELOITTE ACCOUNTANCY SRL
Articles modification, englober l'objet et les activités de la Société Absorbée

2024

31-12

Financial Equity above €25mEq €30.1m ▲102%

Equity rises from €14.9m to €30.1m.

24-12

State Gazette act Resignation: CPMPartners (director)

Appointment: ECOSTAL GROUP (director) · Permanent representatives: PIRON Christophe and Alexander de Wit · Capital increase12 facts ▸

General meeting, 19-12-2024
Board meeting, 04-12-2024
Board meeting, 19-12-2024
Capital increase, €18.000.000
Capital, €18.100.000
Statutes amendment
Director resignation, CPMPartners (director)
Director resignation, CPMPartners (daily management delegate)
Director appointment, ECOSTAL GROUP (director)
Director appointment, ECOSTAL GROUP (daily management delegate)
Permanent representative, PIRON Christophe
Permanent representative, Alexander de Wit

04-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

20-03

State Gazette act Resignation: Rewise SRL (statutory auditor)

Appointment: BDO Réviseurs d'entreprises (statutory auditor) · Permanent representative: Christophe PELZER · Mandate compensation5 facts ▸

General meeting, 31-12-2023
Director resignation, Rewise SRL (statutory auditor)
Auditor appointment, BDO Réviseurs d'entreprises (statutory auditor)
Permanent representative, Christophe PELZER (permanent representative)
Mandate compensation, BDO Réviseurs d'entreprises

2023

31-12

Financial Highest result since 2018net €12.6m ▲5.8%

Operating result €16.8m, net result €12.6m, both a record.

13-11

State Gazette act Resignations & appointments · Miscellaneous

Board meeting1 fact ▸

Board meeting, 03-10-2023

09-10

State Gazette act Capital & shares · Statutes amendment · Resignations & appointments · Restructuring

Permanent representatives: Yves WARNANT, Stéphane DAUVISTER and Christophe PIRON · Demerger · Share issue17 facts ▸

General meeting, 25-09-2023
Demerger, partial split by absorption, patrimoine immobilier
Share issue, 13421
Real estate, La pleine propriété d'un terrain situé à Alleur
Real estate, Le droit d'emphytéose sur un terrain situé à Cerexhe-Heuseux, ainsi que la pleine propriété des constructions y érigées, à savoir un bâtiment industriel.
Accounting effect, 01-07-2023
Capital decrease, €25.167,18
Capital increase, €25.167,18
Capital, €100.000
Power of attorney, Yves WARNANT
Permanent representative, Yves WARNANT
Permanent representative, Stéphane DAUVISTER
+5 further facts in this act

Show earlier events

23-08

State Gazette act Restructuring

Demerger1 fact ▸

Demerger, scission partielle par absorption

17-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Equity above €10mEq €11.6m ▲130%

5 profitable years in a row build equity to €11.6m.

16-11

State Gazette act Reappointment: REWISE (statutory auditor)

2 facts ▸

General meeting, 21-06-2022
Auditor reappointment, REWISE (statutory auditor)

19-07

State Gazette act Capital & shares · Restructuring

Demerger · Capital decrease · Capital increase11 facts ▸

General meeting, 29-06-2022
Demerger, scission sans dissolution, gestion patrimoniale et immobilière
Capital decrease, €6.386,37
Capital increase, €6.386,37
Capital, €100.000
Power of attorney, LOT Claudio
Power of attorney, LOT Claudio
Scission project, 06-05-2022, 16-05-2022
Expert report, 27-06-2022
Asset transfer, immeuble en pleine propriété
Suspensive condition, approbation par la société bénéficiaire de la présente opération de scission partielle

08-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

16-05

State Gazette act Restructuring

Demerger1 fact ▸

Demerger, scission partielle par constitution d'une société nouvelle

2021

31-12

Financial Equity above €5mEq €5.1m ▲29.2%

4 profitable years in a row build equity to €5.1m.

13-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

21-04

State Gazette act Resignation: ESSENSIS CONSULT (manager)

Appointment: ESSENSIS CONSULT (sole director) · Permanent representative: LOT Claudio · Legal-form conversion9 facts ▸

General meeting, 25-03-2021
Legal-form conversion, SRL to SA
Net-asset statement, 31-12-2020
Capital, €100.000
Director resignation, ESSENSIS CONSULT (manager)
Director appointment, ESSENSIS CONSULT (sole director)
Permanent representative, LOT Claudio
Mandate compensation, ESSENSIS CONSULT
Capital conversion, EUR, 100000

2020

11-12

State Gazette act Registered office · Legal-form change

Registered-office move2 facts ▸

Board meeting, 13-10-2020
Registered-office move, Rue du Relais, 1 à 4632 CEREXHEE-HEUSEUX

24-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

18-10

State Gazette act Appointment: S.C.P.R.L. PASCAL CELEN, REVISEUR D'ENTREPRISES (statutory auditor)

Permanent representative: Pascal CELEN3 facts ▸

General meeting, 20-08-2019
Auditor appointment, S.C.P.R.L. PASCAL CELEN, REVISEUR D'ENTREPRISES (statutory auditor)
Permanent representative, Pascal CELEN

27-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 27 days late

2018

13-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 13 days late

2017

02-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 2 days late

2016

29-02

State Gazette act Resignations: Thema Invest SA (manager) and Aldadeal, SPRL (manager)

Permanent representatives: Stéphane DAUVISTER, Alexandre DAUVISTER and Claudio LOT · Appointment: Essensis Consult SPRL (manager)7 facts ▸

General meeting, 21-01-2016
Director resignation, Thema Invest SA (manager)
Permanent representative, Stéphane DAUVISTER
Director resignation, Aldadeal, SPRL (manager)
Permanent representative, Alexandre DAUVISTER
Director appointment, Essensis Consult SPRL (manager)
Permanent representative, Claudio LOT

2012

12-12

State Gazette act Resignation: Stéphane Dauvister (manager)

Appointment: Théma Invest S.A. (manager) · Permanent representative: Stéphane Dauvister · Director discharge5 facts ▸

General meeting, 05/11/2012
Director resignation, Stéphane Dauvister (manager)
Director discharge, Stéphane Dauvister
Director appointment, Théma Invest S.A. (manager)
Permanent representative, Stéphane Dauvister

22-08

State Gazette act Resignation: Alexandre Dauvister (manager)

Appointment: Aldadeal SPRL (manager) · Permanent representative: Alexandre Dauvister4 facts ▸

General meeting, 25-06-2012
Director resignation, Alexandre Dauvister (manager)
Director appointment, Aldadeal SPRL (manager)
Permanent representative, Alexandre Dauvister

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

16 of 17 acts read

About the unread acts

Of the 17 Belgian State Gazette acts we know for this company, 16 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 directors, 1 in day-to-day management, last change in 2024

Board 2

ESSENSIS CONSULT

Sole director · since 25-03-2021 · Private limited company · perm. rep.: LOT Claudio

Current

ECOSTAL GROUP

Director · since 19-12-2024 · Public limited company · perm. rep.: Alexander de Wit

Current

3 not recently confirmed

Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.

Dauvister Consulting

Manager · since 25-06-2012 · Private limited company · perm. rep.: Alexandre Dauvister

Not recently confirmed

THEMA INVEST

Manager · since 05-11-2012 · Public limited company · perm. rep.: Stéphane Dauvister

Not recently confirmed

Essensis Consult SPRL

Manager · since 21-01-2016 · Legal entity · perm. rep.: Claudio LOT

Not recently confirmed

Day-to-day management 1

ECOSTAL GROUP

Daily management delegate · since 19-12-2024 · Public limited company · perm. rep.: Alexander de Wit

Current

Permanent representatives 2

LOT Claudio

Permanent representative · since 25-03-2021 · for ESSENSIS CONSULT

Current

Alexander de Wit

Permanent representative · since 19-12-2024 · for ECOSTAL GROUP

Current

2 not recently confirmed

Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.

Alexandre Dauvister

Permanent representative · since 25-06-2012 · for Dauvister Consulting

Not recently confirmed

Stéphane Dauvister

Permanent representative · since 05-11-2012 · for THEMA INVEST

Not recently confirmed

Statutory auditor 2

REWISE

Statutory auditor · since 01-01-2023

Current

BDO Réviseurs d'Entreprises SRL

Commissaire aux comptes · since 31-12-2023 · perm. rep.: Christophe Pelzer

Current

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Not every act has been read: a resignation may be missing here

1 of this company's 17 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Soumagne · 1 establishment unit since 2008

seat establishment The establishment unit on the map

Ground area

1.1 ha

Parcel 62021A0212/00A000, Wallonia. Linked by address, not a title deed.

1 establishment unit

ECOSTAL

Rue du Relais(CER) 1, 4632 SoumagneWholesale trade

since 20082.173.536.012

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62021A0212/00A000	Wallonia	1.1 ha	-	-

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Mandate history

13 people since 2012, 7 in office

All 13 In office 7 Ended 6

Board
Day-to-day management
Statutory auditor
not recently confirmed
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
ESSENSIS CONSULT	Manager, until 25-03-2021 Sole director, from 25-03-2021 to date
ECOSTAL GROUP	Director, from 19-12-2024 to date Daily management delegate, from 19-12-2024 to date
REWISE	Statutory auditor, from 01-01-2023 to date
BDO Réviseurs d'Entreprises SRL	Commissaire aux comptes, from 31-12-2023 to date
Dauvister Consulting	Manager, from 25-06-2012 not ended, last confirmed 22-08-2012
THEMA INVEST	Manager, from 05-11-2012 not ended, last confirmed 12-12-2012
Essensis Consult SPRL	Manager, from 21-01-2016 not ended, last confirmed 29-02-2016
CPMPartners	Director, until 19-12-2024 Daily management delegate, until 19-12-2024
S.C.P.R.L. PASCAL CELEN. REVISEUR D'ENTREPRISES	Statutory auditor, from 20-08-2019 to 01-01-2023
Aldadeal, SPRL	Manager, until 21-01-2016
SA THEMA INVEST	Manager, until 21-01-2016
Stéphane DAUVISTER	Manager, until 01-11-2012
Alexandre Dauvister	Manager, until 01-01-2012

Show all 13 people Show the first 12See the board, name and seat on a given date →

Articles of association

Purpose

La société a pour objet, tant pour son propre compte que pour compte de tiers, en Belgique ou à l'étranger, la commercialisation, au gros ou au détail, de tous les produits…

Full purpose

La société a pour objet, tant pour son propre compte que pour compte de tiers, en Belgique ou à l'étranger, la commercialisation, au gros ou au détail, de tous les produits utilisés dans le secteur des énergies renouvelables, des produits de chauffage et de sanitaires. D'une manière générale, elle peut accomplir toutes les opérations généralement quelconques, commerciales, industrielles, financières, mobilières et immobilières se rapportant directement ou indirectement à son objet social. Elle pourra s'intéresser par toutes voies dans toutes affaires, entreprises ou sociétés ayant un objet identique, analogue, similaire ou connexe ou qui sont de nature à favoriser le développement de son entreprise, à lui procurer des matières premières ou à faciliter l'écoulement de ses produits.

according to the deed of 23-08-2023

Structure & network

Owners and holdings

1 owner · 4 holdings

Chain of control

ECOSTAL GROUP 100%
ECOSTAL

Highest known parent: ECOSTAL GROUP. The sources do not say who stands above it.

Owners 1

ECOSTAL GROUPparent

Sourceaccounts ECOSTAL GROUP 2025

100%

Holdings 4

ECOSTAL FRANCEFRsubsidiary

Sourceown accounts 2025
Equity €1.6mResult -€3.9m

100%
PROJECT 0subsidiary

Sourceown accounts 2025
Equity €4.9mResult €86,178

100%
ReXGen SACHsubsidiary

Sourceown accounts 2025
Equity CHF 3.9mResult CHF 2.1m

100%
YOMATEC SASFRsubsidiary

Sourceown accounts 2025
Equity €5.9mResult €864,988

100%

According to the 2025 annual accounts of ECOSTAL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

1 connected company

Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Linked via shared directors

SIGUESOL

Shared corporate director

→

Ownership & control

1 board mandate

Board mandates of this companythis company sits on their board1

ECOSTAL GROUP

1 location

Acquisitions and mergers

4 transactions

Took over:PROJECT 0 SRL

BE 0817.284.287merger by absorption · proposal · State Gazette act of 19-05-2025

Received in a demerger part of:SART GARE IMMO

BE 0788.445.296partial demerger · State Gazette act of 09-10-2023 (2 acts)

Split off to:SART GARE IMMO

BE 0788.445.296State Gazette act of 19-07-2022

Split off to:ESSENSIS CONSULT SRL

partial demerger · proposal · State Gazette act of 16-05-2022

Capital and shareholders

Capital over the years

24-12-2024 Capital increase of 18,000,000 EUR · to 18,100,000 EUR · 180,000 new shares · in kind
09-10-2023 Capital reduction of 25,167.18 EUR · to 74,832.82 EUR
09-10-2023 Capital increase of 25,167.18 EUR · to 100,000 EUR
19-07-2022 Capital reduction of 6,386.37 EUR · to 93,613.63 EUR
19-07-2022 Capital increase of 6,386.37 EUR · from reserves
21-04-2021 Capital stated in the act · 100,000 EUR · 1,000 shares

Recognitions · licences · registrations

Legal Entity Identifier

549300LV6B0B31JDQD50

live in the LEI register

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BE 0417.530.659

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TP VISION BELGIUM

BE 0837.960.234

Gent · Eq €21.1m

Of 1,244 companies in sector 46643 we hold annual accounts for 953. 160 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded22-09-2008

Fiscal year end31-12

Activities, NACEBEL 2025

46643Wholesale of electrical equipment, including installation materials

46836Wholesale trade

46842Wholesale trade

47527Retail trade

E-invoicing

Reachable via Peppol

Peppol ID 0208:0806747119

Registered 20-11-2020

Scores and ratios are computed by Checked and are not a credit decision.