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ECUHOLD

Active
Public limited companyfounded 199729 yrs activeSchomhoeveweg 15, 2030 Antwerpen, BelgiumKBO/BCE: BE 0460.849.374
Summary

ECUHOLD has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85.5m and a net result of €21.3m. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 39% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysis Watch Report Compare
ECUHOLDActiveChecked score 66/100
Risk analysis Report Compare

Checked score

Score 2025
66 / 100
Healthy
Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67=
Solvency64▼-22
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 2.05 in 2024; short-term debt: 56% and cash: 6.9% of total assets), and 60.5% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · 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
highest failure risk from 2 to 8 years 29 years 0 30 y
lowers risk · 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
39.5%
Return on assets
9.8%
Age of the figures
18 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-08-2025, 78 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
78 d early
2024
43 d late
2023
109 d early
2022
104 d early
2021
121 d early
2020
44 d early
2019
24 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 62 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
neutral · 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

ECUHOLD was incorporated on 12 June 1997.1 The board currently has 4 members; Timothy Tudor has served longest, since 2015.2 Revenue fell from EUR 5.4 million in 2019 to EUR 10,092 in 2025 and headcount from 11.3 to 15.8 full-time equivalents.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 25-02-2019
  3. 3National Bank, annual accounts 2019 and 2025

Go further with this company

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

In the rankings #8 company by total assets in Antwerp, Professional and technical services sector
Turnover
€10,092▼ 63.8%
2024 · €27,841
EBIT margin
29837.1%▲ 28658.4pp
2024 · 1178.6%
Net result
€21.3m▼ 23.9%
2024 · €27.9m
Working capital
€33.0m▼ 59.2%
2024 · €80.9m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€277,523▼ 95.7%€29,108▼ 89.5%€27,836▼ 4.4%€27,841=€10,092▼ 63.8%
Operating result-€3.6m▲ 24.9%€389,429€2.6m▲ 560%€328,149▼ 87.2%€3.0m▲ 818%
Net result€33.5mabove the sector's middle half▲ 395%€48.3mabove the sector's middle half▲ 44.0%€51.2mabove the sector's middle half▲ 6.0%€27.9mabove the sector's middle half▼ 45.5%€21.3mabove the sector's middle half▼ 23.9%
EBIT margin-1306.5%▼ 1231.9pp1337.9%▲ 2644.4pp9231.0%▲ 7893.1pp1178.6%▼ 8052.3pp29837.1%▲ 28658.4pp
Equity€46.8mabove the sector's middle half▲ 1.2%€95.1mabove the sector's middle half▲ 103%€106.3mabove the sector's middle half▲ 11.7%€134.2mabove the sector's middle half▲ 26.2%€85.5mabove the sector's middle half▼ 36.3%
Total assets€143.1mabove the sector's middle half▲ 7.7%€158.6mabove the sector's middle half▲ 10.8%€211.0mabove the sector's middle half▲ 33.1%€221.7mabove the sector's middle half▲ 5.1%€216.5mabove the sector's middle half▼ 2.4%
Debt€94.9m▲ 11.2%€61.8m▼ 34.9%€103.2m▲ 67.0%€86.2m▼ 16.4%€129.4m▲ 50.1%
Working capital-€23.7m▼ 423%€23.4m€45.4m▲ 93.8%€80.9m▲ 78.2%€33.0m▼ 59.2%
Solvency32.7%within the sector's middle half▼ 2.1pp60.0%within the sector's middle half▲ 27.3pp50.4%within the sector's middle half▼ 9.6pp60.5%within the sector's middle half▲ 10.2pp39.5%within the sector's middle half▼ 21.0pp
Staff (FTE)13.9above the sector's middle half▲ 5.3%15.7above the sector's middle half▲ 12.9%14.9above the sector's middle half▼ 5.1%17.9above the sector's middle half▲ 20.1%15.8above the sector's middle half▼ 11.7%
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€20.0m€0€20.0m€40.0m€60.0mOperating result 2021: -€3.6m-€3.6mNet result 2021: €33.5m€33.5mOperating result 2022: €389,429€389,429Net result 2022: €48.3m€48.3mOperating result 2023: €2.6m€2.6mNet result 2023: €51.2m€51.2mOperating result 2024: €328,149€328,149Net result 2024: €27.9m€27.9mOperating result 2025: €3.0m€3.0mNet result 2025: €21.3m€21.3m20212022202320242025€0€20m€40m€60mOperating result 2023: €2.6m€2.6mNet result 2023: €51.2m€51mOperating result 2024: €328,149€328,000Net result 2024: €27.9m€28mOperating result 2025: €3.0m€3mNet result 2025: €21.3m€21m202320242025
The operating result recovers in 2025; 2025 is 818% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216.5m
Fixed assets €62.2m ▼ 2.4%
Current assets €154.2m ▼ 2.4%
Equity and liabilities €216.5m
Equity €85.5m ▼ 36.3%
Provisions €1.5m ▲ 19.7%
Debt €129.4m ▲ 50.1%
Debt's share of the balance-sheet total rises from 38.9% to 59.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5.3m▲
2024 · €2.5m
Cash flow
€23.5m▼
2024 · €30.1m
Current ratio
1.27▼
2024 · 2.05
Debt to equity
1.51▲
2024 · 0.64
ROE
24.9%▲
2024 · 20.8%
ROA
9.8%▼
2024 · 12.6%
Interest coverage
2.27▲
2024 · 1.94
Debt ≤ 1 year
€121.2m▲
2024 · €77.1m
Debt > 1 year
€2.1m▼
2024 · €2.4m
Income taxes
€846,660▲
2024 · €410,114
Staff costs
€2.9m▲
2024 · €2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 81 lines
Balance sheet Code20242025
Assets
Total assets20/58€221.7m€216.5m▼
Fixed assets21/28€63.8m€62.2m▼
Intangible fixed assets21€5.1m€3.1m▼
Tangible fixed assets22/27€566,082€386,881▼
Plant, machinery and equipment23€2,620€12,894▲
Furniture and vehicles24€563,300€373,963▼
Other tangible fixed assets26€162€23▼
Financial fixed assets28€58.1m€58.7m▲
Affiliated companies280/1€58.1m€58.7m▲
Participating interests280€58.1m€58.7m▲
Other financial fixed assets284/8€34,583€34,497▼
Amounts receivable and cash guarantees285/8€34,583€34,497▼
Current assets29/58€158.0m€154.2m▼
Amounts receivable after more than one year29€11.5m€22.5m▲
Other amounts receivable291€11.5m€22.5m▲
Amounts receivable within one year40/41€130.7m€115.7m▼
Trade receivables40€4.8m€5.2m▲
Other amounts receivable41€126.0m€110.5m▼
Cash at bank and in hand54/58€14.6m€14.9m▲
Deferred charges and accrued income490/1€1.1m€1.1m▼
Equity and liabilities
Total equity and liabilities10/49€221.7m€216.5m▼
Equity10/15€134.2m€85.5m▼
Contributions10/11€12.1m€12.1m=
Capital10€3.1m€3.1m=
Issued capital100€3.1m€3.1m=
Outside capital11€9.0m€9.0m=
Share premium1100/10€9.0m€9.0m=
Reserves13€596,526€596,526=
Non-distributable reserves130/1€313,928€313,928=
Legal reserve130€313,928€313,928=
Distributable reserves133€282,599€282,599=
Profit (loss) carried forward14€121.5m€72.8m▼
Provisions and deferred taxes16€1.3m€1.5m▲
Provisions for liabilities and charges160/5€1.3m€1.5m▲
Other liabilities and charges164/5€1.3m€1.5m▲
Amounts payable17/49€86.2m€129.4m▲
Amounts payable after more than one year17€2.4m€2.1m▼
Financial debts170/4€2.4m€2.1m▼
Other loans174€2.4m€2.1m▼
Amounts payable within one year42/48€77.1m€121.2m▲
Financial debts43€15.5m€11.2m▼
Credit institutions430/8€15.5m€11.2m▼
Trade debts44€5.1m€3.6m▼
Suppliers440/4€5.1m€3.6m▼
Taxes, remuneration and social security45€533,882€309,685▼
Taxes450/3€372,790€204,521▼
Remuneration and social security454/9€161,092€105,164▼
Other amounts payable47/48€55.9m€106.1m▲
Accrued charges and deferred income492/3€6.8m€6.1m▼
Income statement Code20242025
Operating income70/76A€15.8m€18.2m▲
Turnover70€27,841€10,092▼
Other operating income74€15.8m€17.6m▲
Non-recurring operating income76A€5,728€591,920▲
Operating charges60/66A€15.5m€15.2m▼
Services and other goods61€6.2m€7.8m▲
Remuneration, social security and pensions62€2.7m€2.9m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.2m€2.3m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€588,973-€434,402▲
Other operating charges640/8€2.7m€2.0m▼
Non-recurring operating charges66A€2.3m€614,527▼
Operating profit (loss)9901€328,149€3.0m▲
Financial income75/76B€31.5m€21.6m▼
Recurring financial income75€31.5m€21.6m▼
Income from financial fixed assets750€28.8m€18.8m▼
Income from current assets751€2.6m€2.5m▼
Other financial income752/9€81,162€328,408▲
Financial charges65/66B€3.5m€2.5m▼
Recurring financial charges65€1.6m€2.5m▲
Debt charges650€1.3m€2.3m▲
Other financial charges652/9€335,425€196,773▼
Non-recurring financial charges66B€1.9m-
Profit (loss) for the period before taxes9903€28.3m€22.1m▼
Income taxes67/77€410,114€846,660▲
Taxes670/3€410,114€846,660▲
Profit (loss) for the period9904€27.9m€21.3m▼
Profit (loss) for the period to be appropriated9905€27.9m€21.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906€121.5m€142.8m▲
Profit (loss) brought forward from the previous period14P€93.6m€121.5m▲
Profit to be distributed694/7-€70.0m
Return on contributions (dividend)694-€70.0m
Social balance
Average headcount (FTE)908717.915.8▼

The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A-€13.7m€14.7m€15.8m€18.2m▲ 14.9%
Turnover70€277,523€29,108€27,836€27,841€10,092▼ 63.8%
Other operating income74-€13.7m€14.6m€15.8m€17.6m▲ 11.4%
Non-recurring operating income76A-€18,827-€5,728€591,920▲ 10,234%
Operating charges60/66A-€13.3m€12.1m€15.5m€15.2m▼ 2.1%
Services and other goods61-€5.4m€6.6m€6.2m€7.8m▲ 26.8%
Remuneration, social security and pensions62-€2.6m€2.0m€2.7m€2.9m▲ 9.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.7m€2.5m€2.7m€2.2m€2.3m▲ 1.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€99,201---
Provisions for liabilities and charges: additions (uses and reversals)635/8-€413,584-€1.2m-€588,973-€434,402▲ 26.2%
Other operating charges640/8-€2.4m€2.1m€2.7m€2.0m▼ 27.2%
Non-recurring operating charges66A-€22,837€12,258€2.3m€614,527▼ 73.4%
Operating profit (loss)9901-€3.6m€389,429€2.6m€328,149€3.0m▲ 818%
Financial income75/76B-€49.5m€50.2m€31.5m€21.6m▼ 31.4%
Recurring financial income75€39.5m€49.5m€50.2m€31.5m€21.6m▼ 31.4%
Income from financial fixed assets750-€49.1m€50.0m€28.8m€18.8m▼ 34.7%
Income from current assets751-€44,124€48,377€2.6m€2.5m▼ 5.0%
Other financial income752/9-€347,563€134,371€81,162€328,408▲ 305%
Financial charges65/66B-€1.7m€1.1m€3.5m€2.5m▼ 28.1%
Recurring financial charges65€825,948€1.7m€1.1m€1.6m€2.5m▲ 52.7%
Debt charges650€719,148€1.3m€968,559€1.3m€2.3m▲ 76.7%
Other financial charges652/9-€418,599€128,821€335,425€196,773▼ 41.3%
Non-recurring financial charges66B---€1.9m--
Profit (loss) for the period before taxes9903€35.0m€48.1m€51.7m€28.3m€22.1m▼ 22.0%
Income taxes67/77€1.5m-€179,034€500,605€410,114€846,660▲ 106%
Taxes670/3-€215,995€630,166€410,114€846,660▲ 106%
Tax adjustments and reversals of tax provisions77-€395,029€129,560---
Profit (loss) for the period9904€33.5m€48.3m€51.2m€27.9m€21.3m▼ 23.9%
Profit (loss) for the period to be appropriated9905€33.5m€48.3m€51.2m€27.9m€21.3m▼ 23.9%
Line20212022202320242025Change
Assets
Total assets20/58€143.1m€158.6m€211.0m€221.7m€216.5m▼ 2.4%
Fixed assets21/28€74.6m€78.2m€70.2m€63.8m€62.2m▼ 2.4%
Intangible fixed assets21€5.9m€6.6m€4.4m€5.1m€3.1m▼ 39.4%
Tangible fixed assets22/27€2.6m€667,369€2.0m€566,082€386,881▼ 31.7%
Plant, machinery and equipment23-€1,504€4,015€2,620€12,894▲ 392%
Furniture and vehicles24-€654,975€533,182€563,300€373,963▼ 33.6%
Leasing and similar rights25-€5,082€5,082---
Other tangible fixed assets26-€5,808€1,534€162€23▼ 85.7%
Assets under construction and advance payments27--€1.4m---
Financial fixed assets28€66.1m€71.0m€63.8m€58.1m€58.7m▲ 1.1%
Affiliated companies280/1-€70.9m€63.8m€58.1m€58.7m▲ 1.1%
Participating interests280-€57.6m€57.6m€58.1m€58.7m▲ 1.1%
Amounts receivable281-€13.3m€6.2m---
Other financial fixed assets284/8-€52,962€54,063€34,583€34,497▼ 0.2%
Amounts receivable and cash guarantees285/8-€52,962€54,063€34,583€34,497▼ 0.2%
Current assets29/58€68.4m€80.4m€140.9m€158.0m€154.2m▼ 2.4%
Amounts receivable after more than one year29--€3.2m€11.5m€22.5m▲ 96.4%
Other amounts receivable291--€3.2m€11.5m€22.5m▲ 96.4%
Amounts receivable within one year40/41€53.5m€74.6m€130.6m€130.7m€115.7m▼ 11.5%
Trade receivables40-€3.3m€3.9m€4.8m€5.2m▲ 9.9%
Other amounts receivable41-€71.2m€126.7m€126.0m€110.5m▼ 12.3%
Cash at bank and in hand54/58€14.3m€3.9m€6.4m€14.6m€14.9m▲ 2.0%
Deferred charges and accrued income490/1-€1.9m€633,648€1.1m€1.1m▼ 6.9%
Equity and liabilities
Total equity and liabilities10/49€143.1m€158.6m€211.0m€221.7m€216.5m▼ 2.4%
Equity10/15€46.8m€95.1m€106.3m€134.2m€85.5m▼ 36.3%
Contributions10/11€3.1m€12.1m€12.1m€12.1m€12.1m=
Capital10-€3.1m€3.1m€3.1m€3.1m=
Issued capital100-€3.1m€3.1m€3.1m€3.1m=
Outside capital11-€9.0m€9.0m€9.0m€9.0m=
Share premium1100/10-€9.0m€9.0m€9.0m€9.0m=
Reserves13€596,526€596,526€596,526€596,526€596,526=
Non-distributable reserves130/1-€313,928€313,928€313,928€313,928=
Legal reserve130-€313,928€313,928€313,928€313,928=
Distributable reserves133-€282,599€282,599€282,599€282,599=
Profit (loss) carried forward14€34.1m€82.4m€93.6m€121.5m€72.8m▼ 40.1%
Provisions and deferred taxes16€1.3m€1.7m€1.5m€1.3m€1.5m▲ 19.7%
Provisions for liabilities and charges160/5-€1.7m€1.5m€1.3m€1.5m▲ 19.7%
Other liabilities and charges164/5-€1.7m€1.5m€1.3m€1.5m▲ 19.7%
Amounts payable17/49€94.9m€61.8m€103.2m€86.2m€129.4m▲ 50.1%
Amounts payable after more than one year17€2.2m€2.3m€2.3m€2.4m€2.1m▼ 9.5%
Financial debts170/4-€2.3m€2.3m€2.4m€2.1m▼ 9.5%
Other loans174-€2.3m€2.3m€2.4m€2.1m▼ 9.5%
Amounts payable within one year42/48€92.1m€57.0m€95.5m€77.1m€121.2m▲ 57.2%
Financial debts43-€5.3m€3.1m€15.5m€11.2m▼ 27.9%
Credit institutions430/8-€61,503€6,782€15.5m€11.2m▼ 27.9%
Other loans439-€5.3m€3.1m---
Trade debts44€4.1m€2.8m€3.3m€5.1m€3.6m▼ 30.1%
Suppliers440/4-€2.8m€3.3m€5.1m€3.6m▼ 30.1%
Taxes, remuneration and social security45-€1.2m€1.7m€533,882€309,685▼ 42.0%
Taxes450/3-€163,507€642,461€372,790€204,521▼ 45.1%
Remuneration and social security454/9-€1.0m€1.1m€161,092€105,164▼ 34.7%
Other amounts payable47/48-€47.6m€87.5m€55.9m€106.1m▲ 89.8%
Accrued charges and deferred income492/3-€2.5m€5.4m€6.8m€6.1m▼ 10.2%
Line20212022202320242025Change
Profit (loss) for the period9904€33.5m€48.3m€51.2m€27.9m€21.3m▼ 23.9%
+ Depreciation and write-downs630€2.7m€2.5m€2.7m€2.2m€2.3m▲ 1.5%
Operating cash flow (approximation)€36.2m€50.8m€53.8m€30.1m€23.5m▼ 22.0%
Investment in fixed assets (approximation)--€6.0m€5.3m€4.2m-€711,525▼ 117%
Change in cash--€10.4m€2.5m€8.2m€299,261▼ 96.3%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2026
24-06
State Gazette act Resignation: Simon Bajada (non-statutory director)
Power of attorney3 facts ▸
  • General meeting, 27-02-2026
  • Director resignation, Simon Bajada (non-statutory director)
  • Power of attorney, BV Boekhoud- en advieskantoor Trivius
21-05
State Gazette act Appointment: Jan Kleine-Lasthues (non-statutory director)
Power of attorney3 facts ▸
  • General meeting, 31/01/2026
  • Director appointment, Jan Kleine-Lasthues (non-statutory director)
  • Power of attorney, BV Boekhoud- en advieskantoor Trivius
10-03
State Gazette act Resignation: Simon Sachu (non-statutory director)
Director discharge · Power of attorney4 facts ▸
  • General meeting, 20/12/2025
  • Director resignation, Simon Sachu (non-statutory director)
  • Director discharge, Simon Sachu
  • Power of attorney, BV Boekhoud- en advieskantoor Trivius
2025
05-12
State Gazette act Resignation: Saleem Mohamed Nazir Mohamedhusein (non-statutory director)
Director discharge · Power of attorney4 facts ▸
  • General meeting, 30/09/2025
  • Director resignation, Saleem Mohamed Nazir Mohamedhusein (non-statutory director)
  • Director discharge, Saleem Mohamed Nazir Mohamedhusein
  • Power of attorney, BV Boekhoud- en advieskantoor Trivius
14-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema
10-07
State Gazette act Appointment: Nishil Nath (non-statutory director)
Mandate compensation · Power of attorney4 facts ▸
  • General meeting, 31/05/2025
  • Director appointment, Nishil Nath (non-statutory director)
  • Mandate compensation, Nishil Nath
  • Power of attorney, BV Boekhoud- en advieskantoor Trivius
07-01
State Gazette act Appointment: Hetal Madhukant Gandhi (non-statutory director)
Mandate compensation · Power of attorney4 facts ▸
  • General meeting, 01/07/2024
  • Director appointment, Hetal Madhukant Gandhi (non-statutory director)
  • Mandate compensation, Hetal Madhukant Gandhi
  • Power of attorney, BV Boekhoud- en advieskantoor Trivius
2024
13-12
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 43 days late
02-10
State Gazette act Resignation: Hetal Gandhi (non-statutory director)
Director discharge · Power of attorney4 facts ▸
  • General meeting, 01/04/2024
  • Director resignation, Hetal Gandhi (non-statutory director)
  • Director discharge, Hetal Gandhi
  • Power of attorney, BV Boekhoud- en advieskantoor Trivius
20-08
State Gazette act Resignation: Hetal Gandhi (non-statutory director)
Director discharge · Power of attorney4 facts ▸
  • General meeting, 01/04/2024
  • Director resignation, Hetal Gandhi (non-statutory director)
  • Director discharge, Hetal Gandhi
  • Power of attorney, BV Boekhoud- en advieskantoor Trivius
02-07
State Gazette act Resignation: Timothy Tudor (non-statutory director)
Appointments: Simon Bajada, Simon Sachu and Hetal Madhukant Gandhi · Director discharge · Mandate compensation10 facts ▸
  • General meeting, 23/02/2024
  • Director resignation, Timothy Tudor (non-statutory director)
  • Director discharge, Timothy Tudor
  • Director appointment, Simon Bajada (non-statutory director)
  • Mandate compensation, Simon Bajada
  • Director appointment, Simon Sachu (non-statutory director)
  • Mandate compensation, Simon Sachu
  • Director appointment, Hetal Madhukant Gandhi (non-statutory director)
  • Mandate compensation, Hetal Madhukant Gandhi
  • Power of attorney, BV Boekhoud- en advieskantoor Trivius
06-03
State Gazette act Resignation: Mr Martin Max Müller (director)
2 facts ▸
  • General meeting, 28/02/2024
  • Director resignation, Mr Martin Max Müller (director)
Show earlier events
2023
13-11
State Gazette act Resignation: Parthasarathy Vankipuram Srinivasa (director)
Shareholding3 facts ▸
  • Director resignation, Parthasarathy Vankipuram Srinivasa (director)
  • Shareholding, 160545
  • Shareholding, 1
25-08
State Gazette act Appointment: Parthasarathy Vankipuram Srinivasa (director)
Shareholding3 facts ▸
  • Director appointment, Parthasarathy Vankipuram Srinivasa (director)
  • Shareholding, 160545
  • Shareholding, 1
23-08
State Gazette act Reappointments: MOHAMEDHUSEIN Saleem Mohamed Nazir, MULLER Martin Max and TUDOR Timothy
Appointment: TURNA Omer (statutory auditor) · Statutes amendment · Capital14 facts ▸
  • General meeting, 2 augustus 2023
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Capital, €3.139.276
  • Director reappointment, MOHAMEDHUSEIN Saleem Mohamed Nazir (non-statutory director)
  • Director reappointment, MULLER Martin Max (non-statutory director)
  • Director reappointment, TUDOR Timothy (non-statutory director)
  • Mandate compensation, MOHAMEDHUSEIN Saleem Mohamed Nazir
  • Mandate compensation, MULLER Martin Max
  • Mandate compensation, TUDOR Timothy
  • +2 further facts in this act
14-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
15-05
State Gazette act Resignations: Kaiwan Kalyaniwalla, Varuna Don Wirasinha and 3 others
Shareholding · Total shares8 facts ▸
  • Director resignation, Kaiwan Kalyaniwalla (director)
  • Director resignation, Varuna Don Wirasinha (director)
  • Director resignation, Eddy Louis Bruyninckx (director)
  • Director resignation, Vankipuram Srinivasa Partasarathy (director)
  • Director resignation, Jitesh Dinkar Shetty (director)
  • Shareholding, 160545
  • Shareholding, 1
  • Total shares, 160546
11-05
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 15/02/2023
  • Power of attorney, Nishil Nath
31-03
Financial Highest result since 2019net €51.2m ▲6%
Net result €51.2m, the highest in the series.
31-03
Financial Equity above €100mEq €106.3m ▲11.7%
5 profitable years in a row build equity to €106.3m.
2022
25-11
State Gazette act Resignation: Udaya Kumar Shetty (director)
1 fact ▸
  • Director resignation, Udaya Kumar Shetty (director)
19-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial Equity above €50mEq €95.1m ▲103%
4 profitable years in a row build equity to €95.1m.
2021
30-09
State Gazette act Appointment: Shetty Jitesh Dinkar (director)
Mandate compensation · Shareholding · Decision type5 facts ▸
  • Director appointment, Shetty Jitesh Dinkar (director)
  • Mandate compensation, Shetty Jitesh Dinkar
  • Shareholding, 160,545
  • Shareholding, 1
  • Decision type, EENPARIGE SCHRIFTELIJKE BESLUITEN VAN DE AANDEELHOUDERS
14-07
State Gazette act Appointment: Parthasarathy Vankipuram Srinivasa (director)
Mandate compensation3 facts ▸
  • General meeting
  • Director appointment, Parthasarathy Vankipuram Srinivasa (director)
  • Mandate compensation, Parthasarathy Vankipuram Srinivasa
02-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
12-05
State Gazette act Resignation: Mathew Cyriac (director)
Appointment: Martin Max Müller (director) · Reappointments: Saleem Mohamed Nazir Mohamedhusein, Udaya Kumar Shetty and 2 others · Mandate compensation12 facts ▸
  • General meeting, 01/04/2021
  • Director resignation, Mathew Cyriac (director)
  • Director appointment, Martin Max Müller (director)
  • Mandate compensation, Martin Max Müller
  • Director reappointment, Saleem Mohamed Nazir Mohamedhusein (director)
  • Director reappointment, Udaya Kumar Shetty (director)
  • Director reappointment, Kaiwan Kalyaniwalla (director)
  • Director reappointment, Don Varuna Wirasinha (director)
  • Mandate compensation, Saleem Mohamed Nazir Mohamedhusein
  • Mandate compensation, Udaya Kumar Shetty
  • Mandate compensation, Kaiwan Kalyaniwalla
  • Mandate compensation, Don Varuna Wirasinha
2020
30-11
State Gazette act Appointment: Omer Turna (statutory auditor)
2 facts ▸
  • General meeting, 31/08/2020
  • Auditor appointment, Omer Turna (statutory auditor)
17-09
NBB filing Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial Weakest financial yearnet €6.8m ▼57.6%
Net result drops to €6.8m, the lowest in the series; recovery starts the following year.
2019
16-12
State Gazette act Appointment: Omer Tuma (statutory auditor)
2 facts ▸
  • General meeting, 31/03/2018
  • Auditor appointment, Omer Tuma (statutory auditor)
07-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema
03-10
State Gazette act Miscellaneous
Filing purpose2 facts ▸
  • Written resolution, 20/09/2019
  • Filing purpose, Neerlegging overeenkomstig artikel 556 van het Wetboek van Vennootschappen
25-04
State Gazette act Appointment: Mathew Cyriac (director)
2 facts ▸
  • Written resolution, 01-04-2019
  • Director appointment, Mathew Cyriac (director)
04-04
State Gazette act Appointment: Eddy Louis Bruyninckx (director)
Mandate compensation3 facts ▸
  • General meeting, 25/02/2019
  • Director appointment, Eddy Louis Bruyninckx (director)
  • Mandate compensation, Eddy Louis Bruyninckx
25-02
State Gazette act Resignations: Claudio Scandella (director) and MLS BVBA (director)
Permanent representative: Marc Stoffelen · Appointment: Timothy Tudor (director) · Mandate compensation6 facts ▸
  • Written decision, 04/02/2019
  • Director resignation, Claudio Scandella (director)
  • Director resignation, MLS BVBA (director)
  • Permanent representative, Marc Stoffelen
  • Director appointment, Timothy Tudor (director)
  • Mandate compensation, Timothy Tudor
2018
27-09
State Gazette act Resignation: Ramachandran Sundaresh Jayaraman (director)
2 facts ▸
  • Written decision, 31/08/2018
  • Director resignation, Ramachandran Sundaresh Jayaraman (director)
11-09
NBB filing Annual accounts filed
fiscal year 2018 · full schema
30-04
State Gazette act Resignations: Suryanarayanan Sivarama Krishnan, Timothy Tudor and 3 others
6 facts ▸
  • Written resolution, 09/04/2018
  • Director resignation, Suryanarayanan Sivarama Krishnan (director)
  • Director resignation, Timothy Tudor (director)
  • Director resignation, John Abisch (director)
  • Director resignation, Thomas Heydorn (director)
  • Director resignation, Simon Bajada (director)
08-02
State Gazette act Appointment: Claudio Scandella (director)
Mandate compensation3 facts ▸
  • General meeting, 15/01/2018
  • Director appointment, Claudio Scandella (director)
  • Mandate compensation, Claudio Scandella
2017
19-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema
20-03
State Gazette act Resignation: Molenhoek bvba (bestuursmandaat)
2 facts ▸
  • General meeting, 24/02/2017
  • Director resignation, Molenhoek bvba (bestuursmandaat)
2016
27-09
State Gazette act Appointment: Suryanarayanan SIVARAMA KRISHNAN (director)
Statutes amendment3 facts ▸
  • General meeting, 30/08/2016
  • Statutes amendment
  • Director appointment, Suryanarayanan SIVARAMA KRISHNAN (director)
15-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema
11-05
State Gazette act Resignation: Shashi Kiran Shetty (director)
2 facts ▸
  • General meeting, 01/12/2015
  • Director resignation, Shashi Kiran Shetty (director)
2015
09-12
State Gazette act Appointment: Omer Turna (statutory auditor)
2 facts ▸
  • General meeting, 20/06/2014
  • Auditor appointment, Omer Turna (statutory auditor)
20-11
State Gazette act Resignation: SALT WATERS (director)
Permanent representatives: CNOPS Philippe and VAN HOECK Bartje Jan Clementina · Appointment: MOLENHOEK (director) · Statutes amendment11 facts ▸
  • General meeting, 16/10/2015
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Director resignation, SALT WATERS (director)
  • Permanent representative, CNOPS Philippe
  • Director discharge, SALT WATERS
  • Director appointment, MOLENHOEK (director)
  • Permanent representative, VAN HOECK Bartje Jan Clementina (permanent representative)
  • Mandate compensation, MOLENHOEK
  • Power of attorney, Osborne Clarke
13-11
State Gazette act Capital & shares
General meeting1 fact ▸
  • General meeting, 30/10/2015
11-06
State Gazette act Resignations: Shashi Kiran Shetty, Kaiwan Kalyaniwalla and 6 others
Reappointments: MLS BVBA, Varuna Wirasinha and 4 others · Appointments: Saleem Mohamed Nazir Mohamedhusein, Udaya Kumar Shetty and 4 others · Permanent representatives: Marc Stoffelen and Philippe Cnops24 facts ▸
  • General meeting, 18/03/2015
  • Director resignation, Shashi Kiran Shetty (director)
  • Director resignation, Kaiwan Kalyaniwalla (director)
  • Director resignation, Suryanarayanan Sivarama Krishnan (director)
  • Director resignation, Umesh Janardhan Shetty (director)
  • Director resignation, Varuna Wirasinha (director)
  • Director resignation, Ramachandran Sundaresh Jayaraman (director)
  • Director resignation, MLS BVBA (director)
  • Director resignation, Salt Waters BVBA (director)
  • Director reappointment, MLS BVBA (director)
  • Director reappointment, Varuna Wirasinha (director)
  • Director reappointment, Ramachandran Sundaresh Jayaraman (director)
  • +12 further facts in this act
2014
29-10
State Gazette act Appointment: Varuna Wirasinha (director)
Mandate compensation3 facts ▸
  • General meeting, 01/09/2014
  • Director appointment, Varuna Wirasinha (director)
  • Mandate compensation, Varuna Wirasinha
14-08
State Gazette act Resignations: Kris De Witte, Shashi Kiran Shetty and 5 others
Reappointments: Shashi Kiran Shetty, Kaiwan Kalyaniwalla and 4 others · Permanent representatives: Marc Stoffelen and Philippe Cnops · Appointment: Ramachandran Sundaresh Jayaraman (director)19 facts ▸
  • Written resolution, 28/07/2014
  • Director resignation, Kris De Witte (director)
  • Director resignation, Shashi Kiran Shetty (director)
  • Director resignation, Kaiwan Kalyaniwalla (director)
  • Director resignation, Suryanarayanan Sivarama Krishnan (director)
  • Director resignation, Umesh Janardhan Shetty (director)
  • Director resignation, MLS BVBA (director)
  • Director resignation, SALT WATERS BVBA (director)
  • Director reappointment, Shashi Kiran Shetty (director)
  • Director reappointment, Kaiwan Kalyaniwalla (director)
  • Director reappointment, Suryanarayanan Sivarama Krishnan (director)
  • Director reappointment, Umesh Janardhan Shetty (director)
  • +7 further facts in this act
30-01
State Gazette act Restructuring
Permanent representatives: Philippe Chops and Marc Stoffelen · Merger · Accounting effect7 facts ▸
  • Merger, 02/01/2014
  • Accounting effect, 01/01/2014
  • Capital, €3.139.276
  • Capital, €4.161.973,38
  • Permanent representative, Philippe Chops
  • Permanent representative, Marc Stoffelen
  • Merger
2012
31-05
State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
Resignation: Rudi Braes (vertegenwoordiger commissaris) · Permanent representative: Omer Tuma4 facts ▸
  • General meeting, 16/04/2012
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
  • Director resignation, Rudi Braes (vertegenwoordiger commissaris)
  • Permanent representative, Omer Tuma (vertegenwoordiger commissaris)
2011
25-10
State Gazette act Resignation: Ashit DESAI (director)
Appointment: ETOSHA (director) · Permanent representative: Philippe J.J. Cnops · Mandate compensation5 facts ▸
  • General meeting, 19/09/2011
  • Director resignation, Ashit DESAI (director)
  • Director appointment, ETOSHA (director)
  • Permanent representative, Philippe J.J. Cnops
  • Mandate compensation, ETOSHA
2007
24-07
State Gazette act Miscellaneous
Statutes amendment1 fact ▸
  • Statutes amendment
2006
25-09
State Gazette act Appointments: Mr. Kalwan Kalyaniwala (director) and Mr. Ashit Shashikant Desai (director)
Permanent representative: Raymond Van Achteren · Mandate compensation5 facts ▸
  • General meeting, 30/06/2006
  • Director appointment, Mr. Kalwan Kalyaniwala (director)
  • Director appointment, Mr. Ashit Shashikant Desai (director)
  • Mandate compensation, ECUHOLD
  • Permanent representative, Raymond Van Achteren
2005
10-10
State Gazette act Miscellaneous
Bond issue · Registration fee · Bond subscribed5 facts ▸
  • General meeting, 14/09/2005
  • Bond issue, obligaties op naam (aangeduid obligaties "C"), 1500
  • Registration fee, 25.00 EUR
  • Bond subscribed, ja
  • Attached document, vier volmachten
11-07
State Gazette act Appointments: Shashi Kiran Shetty (director) and PAL Bansal Mohinder (director)
Capital · Statutes amendment · Loan approval6 facts ▸
  • General meeting, 16/06/2005
  • Capital, €3.139.276
  • Statutes amendment
  • Director appointment, Shashi Kiran Shetty (director)
  • Director appointment, PAL Bansal Mohinder (director)
  • Loan approval, Goedkeuring converteerbare achtergestelde lening
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
44 of 44 acts read

Directors · office · real estate

Directors
4 directors, no change since 2026

Board 4

Hetal Madhukant Gandhi
Non-statutory director · since 01-04-2024
Current
Nishil Nath
Non-statutory director · since 01-06-2025
Current
Jan Kleine-Lasthues
Non-statutory director · since 03-02-2026
Current
Timothy Tudor
Non-statutory director
Current
5 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.
PAL Bansal Mohinder
Director · since 16-06-2005
Not recently confirmed
Mr. Ashit Shashikant Desai
Director · since 01-07-2006
Not recently confirmed
Mr. Kalwan Kalyaniwala
Director · since 01-07-2006
Not recently confirmed
Salt Waters BVBA
Director · since 18-03-2015 · Legal entity · perm. rep.: Philippe Cnops
Not recently confirmed
Varuna Wirasinha
Director · since 18-03-2015
Not recently confirmed

Permanent representatives 1

Philippe Cnops
Permanent representative · since 18-03-2015 · for Salt Waters BVBA
Not recently confirmed
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 →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1997
seat establishment The establishment unit on the map
Ground area
1.9 ha
Building footprint
1.3 ha
Volume, LiDAR
158,017 m³
Parcel 11815D0272/00H002, Flanders · tallest building 21.9 m, ±4 floors. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
ECUHOLD NV
Schomhoeveweg 15, 2030 AntwerpenInsurance, reinsurance and pension funding, except compulsory social security
since 19972.082.819.533
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11815D0272/00H002 Flanders 1.9 ha 1 · 1.3 ha 21.9 m · 4 fl.
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

38 people since 2005, 9 in office
Show
  • Board
  • Permanent representative
  • Statutory auditor
  • Other function
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Timothy Tudor
  • Director, from 18-03-2015 to 01-03-2018
  • Director, from 01-02-2019 to 22-08-2023
  • Non-statutory director, already before 23-08-2023 to date
Hetal Madhukant Gandhi
  • Non-statutory director, from 01-04-2024 to date
Nishil Nath
  • Non-statutory director, from 01-06-2025 to date
Jan Kleine-Lasthues
  • Non-statutory director, from 03-02-2026 to date
PAL Bansal Mohinder
  • Director, from 16-06-2005 not ended, last confirmed 11-07-2005
Mr. Ashit Shashikant Desai
  • Director, from 01-07-2006 not ended, last confirmed 25-09-2006
Mr. Kalwan Kalyaniwala
  • Director, from 01-07-2006 not ended, last confirmed 25-09-2006
Salt Waters BVBA
  • Director, already before 28-07-2014 not ended, last confirmed 11-06-2015
Varuna Wirasinha
  • Director, from 01-09-2014 not ended, last confirmed 11-06-2015
Simon Bajada
  • Director, from 18-03-2015 to 01-03-2018
  • Non-statutory director, from 23-02-2024 to 28-02-2026
Simon Sachu
  • Non-statutory director, from 23-02-2024 to 24-12-2025
Saleem Mohamed Nazir Mohamedhusein
  • Director, from 18-03-2015 to 01-10-2025
Hetal Gandhi
  • Non-statutory director, until 01-04-2024
  • Non-statutory director, until 01-04-2024
Mr Martin Max Müller
  • Director, from 01-04-2021 to 31-12-2023
Parthasarathy Vankipuram Srinivasa
  • Director, from 11-05-2021 to 30-06-2023
Eddy Louis Bruyninckx
  • Director, from 01-02-2019 to 01-12-2022
Jitesh Dinkar Shetty
  • Director, from 10-08-2021 to 01-12-2022
Kaiwan Kalyaniwalla
  • Director, already before 28-07-2014 to 01-12-2022
Vankipuram Srinivasa Partasarathy
  • Director, until 01-12-2022
Varuna Don Wirasinha
  • Director, already before 18-03-2021 to 01-12-2022
Udaya Kumar Shetty
  • Director, from 18-03-2015 to 01-10-2022
Mr. Mathew Cyriac
  • Director, from 01-04-2019 to 01-04-2021
Omer Tuma
  • Statutory auditor, from 16-12-2019 to 16-12-2019
TURNA Ömer
  • Statutory auditor, from 09-12-2015 to 16-12-2019
Claudio Scandella
  • Director, from 01-01-2018 to 01-02-2019
MLS BVBA
  • Director, already before 28-07-2014 to 01-02-2019
Ramachandran Sundaresh Jayaraman
  • Director, from 28-07-2014 to 10-08-2018
John Abisch
  • Director, from 18-03-2015 to 01-03-2018
Suryanarayanan Sivarama Krishnan
  • Director, already before 28-07-2014 to 18-03-2015
  • Director, from 30-08-2016 to 01-03-2018
Thomas Heydorn
  • Director, from 18-03-2015 to 01-03-2018
MOLENHOEK
  • Director, from 05-11-2015 ended, last mentioned 20-11-2015
  • Bestuursmandaat, until 01-03-2017
Ernst & Young Bedrijfsrevisoren BCVBA
  • Statutory auditor, from 31-05-2012 to 09-12-2015
Shashi Kiran Shetty
  • Director, from 16-06-2005 to 01-12-2015
SALT WATERS
  • Director, from 19-09-2011 to 05-11-2015
Umesh Janardhan Shetty
  • Director, already before 28-07-2014 to 18-03-2015
De Witte, Kris
  • Director, until 28-07-2014
Rudi Braes
  • Vertegenwoordiger commissaris, until 31-05-2012
Ashit DESAI
  • Director, until 19-09-2011
See the board, name and seat on a given date →

Articles of association

Purpose
1) Leiding en de controle uitoefenen ... over, en advies verschaffen aan aanverwante ondernemingen en dochtervennootschappen. ... 2) Het verrichten van werk en het verstrekken van…
Full purpose

1) Leiding en de controle uitoefenen ... over, en advies verschaffen aan aanverwante ondernemingen en dochtervennootschappen. ... 2) Het verrichten van werk en het verstrekken van diensten van intellectuele aard ... 3) Het waarnemen van alle bestuursopdrachten ... 4) De aan- en verkoop ... van onroerende goederen ... 5) Het toestaan van leningen en kredietopeningen ...

according to the deed of 23-08-2023

Structure & network

Part of the group ALLCARGO LOGISTICS LIMITED 10 companies Group, risk and exposure

Owners and holdings

2 owners · 75 holdings · 68 subsidiaries in the tree

Chain of control

  1. ALLCARGO LOGISTICS LIMITEDIN consolidated
  2. Ecu Global 99.99%
  3. AGL 99.99%
  4. ECUHOLD

Highest known parent: ALLCARGO LOGISTICS LIMITED (India). The sources do not say who stands above it.

Owners 2

Holdings 75

Show 65 more holdings
  • ECU WORLDWIDE (PANAMA) SA (volgens het consolidatiepackage)PAsubsidiary
    Sourceown accounts 31-03-2025
    Equity -€109,352Result -€22,600
    100%
  • ECU WORLDWIDE (URUGUAY) S.A. (volgens het consolidatiepackage)UYsubsidiary
    Sourceown accounts 31-03-2025
    Equity €159,859Result €54,201
    100%
  • ECU-LINE PERU S.A. (volgens het consolidatiepackage)PEsubsidiary
    Sourceown accounts 31-03-2025
    Equity €0Result -€491,788
    100%
  • ECU-LINE SPAIN S.L. (volgens het consolidatiepackage)ESsubsidiary
    Sourceown accounts 31-03-2025
    Equity €219,206Result €45,836
    100%
  • ECU-WORLDWIDE (CZ) S.R.O. (volgens het consolidatiepackage)CZsubsidiary
    Sourceown accounts 31-03-2025
    Equity €4,930Result -€136,437
    100%
  • ECU-WORLDWIDE (KENYA) Ltd. (volgens het consolidatiepackage)KEsubsidiary
    Sourceown accounts 31-03-2025
    Equity -€16,785Result -€48,002
    100%
  • ECU-WORLDWIDE (NETHERLANDS) BV (volgens het consolidatiepackage)NLsubsidiary
    Sourceown accounts 31-03-2025
    Equity €969,392Result €111,804
    100%
  • ECU-WORLDWIDE (POLAND) SP Z.O.O. (volgens het consolidatiepackage)PLsubsidiary
    Sourceown accounts 31-03-2025
    Equity €369,689Result €323,524
    100%
  • ECU-WORLDWIDE (SINGAPORE) Pte. Ltd. (volgens het consolidatiepackage)SGsubsidiary
    Sourceown accounts 31-03-2025
    Equity €1.8mResult -€41,975
    100%
  • ECU-WORLDWIDE (UK) Ltd. (volgens het consolidatiepackage)GBsubsidiary
    Sourceown accounts 31-03-2025
    Equity €3.4mResult €2.4m
    100%
  • ECU-WORLDWIDE CANADA Inc. (volgens het consolidatiepackage)CAsubsidiary
    Sourceown accounts 31-03-2025
    Equity -€384,720Result €157,660
    100%
  • ECU-WORLDWIDE COTE D'IVOIRE Sarl (volgens het consolidatiepackage)CIsubsidiary
    Sourceown accounts 31-03-2025
    Equity -€68,184Result -€29,804
    100%
  • ECU-WORLDWIDE ITALIA srl. (volgens het consolidatiepackage )ITsubsidiary
    Sourceown accounts 31-03-2025
    Equity €754,427Result -€672,255
    100%
  • ECU-WORLDWIDE NEW ZEALAND Ltd. (volgens het consolidatiepackage)NZsubsidiary
    Sourceown accounts 31-03-2025
    Equity -€267,561Result -€241,658
    100%
  • ECU-WORLDWIDE SOUTH AFRICA (Pty.) Ltd. (volgens het consolidatiepackage)ZAsubsidiary
    Sourceown accounts 31-03-2025
    Equity €597,071Result €43,699
    100%
  • Eculine Worldwide Logistics Co. LTD Cambodia (volgens het consolidatiepackage)KHsubsidiary
    Sourceown accounts 31-03-2025
    Equity €416,458Result €85,234
    100%
  • ECULINE WORLDWIDE LOGISTICS CO. LTD. (volgens het consolidatiepackage)PYsubsidiary
    Sourceown accounts 31-03-2025
    Equity -€218,410Result -€152,819
    100%
  • ELWA GHANA Ltd. (volgens het consolidatiepackage)GHsubsidiary
    Sourceown accounts 31-03-2025
    Equity €71,799Result €113,892
    100%
  • FCL MARINE AGENCIES BELGIUMsubsidiary
    Sourceown accounts 31-03-2025accounts FCL MARINE AGENCIES BELGIUM 2025
    Equity €718,782Result €156,796
    100%
  • FCL Marine Agencies BV (volgens het consolidatiepackage)NLsubsidiary
    Sourceown accounts 31-03-2025
    Equity €2.6mResult €2.5m
    100%
  • FLAMINGO LINE DEL PERU SA (volgens het consolidatiepackage)PEsubsidiary
    Sourceown accounts 31-03-2025
    Equity €0Result €0
    100%
  • GULDARY S.A. (volgens het consolidatiepackage)UYsubsidiary
    Sourceown accounts 31-03-2025
    Equity €399,209Result €8,145
    100%
  • INTEGRITY ENTERPISES PTY LTD. (volgens het consolidatiepackage)AUsubsidiary
    Sourceown accounts 31-03-2025
    Equity €23,983Result €0
    100%
  • Prism Global LLC (volgens het consolidatiepackage)USsubsidiary
    Sourceown accounts 31-03-2025
    Equity €3.3mResult -€4.6m
    100%
  • Prism Global Ltd (volgens het consolidatiepackage)HKsubsidiary
    Sourceown accounts 31-03-2025
    Equity €2.2mResult -€2.9m
    100%
  • STAR EXPRESS COMPANY LTD. (volgens het consolidatiepackage)AEsubsidiary
    Sourceown accounts 31-03-2025
    Equity €2.6mResult -€4,022
    100%
  • CELM LOGISTICS SA de CV (volgens het consolidatipackage)MXsubsidiary
    Sourceown accounts 31-03-2025
    Equity €0Result €120,625
    99.99%+ 0.01% via subsidiaries
  • Ecu Worldwide Servicios SA de CV (volgens het consolidatiepackage)MXsubsidiary
    Sourceown accounts 31-03-2025
    Equity €90,605Result €119,692
    99.99%
  • ECU-WORLDWIDE (HONG KONG) Ltd. (volgens het consolidatiepackage)HKsubsidiary
    Sourceown accounts 31-03-2025
    Equity €910,309Result €23,352
    99.99%+ 0.01% via subsidiaries
  • ECU-WORLDWIDE VIETNAM JOINT VENTURE COMPANY Ltd. (volgens het consolidatiepackage)VNsubsidiary
    Sourceown accounts 31-03-2025
    Equity €31,055Result -€84,067
    99.99%
  • HCL LOGISTICSsubsidiary
    Sourceown accounts 31-03-2025accounts HCL LOGISTICS 31-03-2025
    Equity €33,066Result -€26,067
    99.99%
  • ECU WORLDWIDE (BELGIUM)subsidiary
    Sourceown accounts 31-03-2025accounts ECU WORLDWIDE (BELGIUM) 31-03-2025
    Equity €9.0mResult -€2.6m
    99.97%+ 0.03% via subsidiaries
  • ECU WORLDWIDE (ECUADOR) S.A. (volgens het consolidatiepackage)ECsubsidiary
    Sourceown accounts 31-03-2025
    Equity €207,382Result €28,531
    99.96%+ 0.04% via subsidiaries
  • ECU-LINE ALGERIE Sarl (volgens het consolidatiepackage)DZsubsidiary
    Sourceown accounts 31-03-2025
    Equity €736,139Result €868,429
    99.9%
  • Ecu Worldwide Logistics Do Brasil Ltda (volgens het consolidatiepackage)BRsubsidiary
    Sourceown accounts 31-03-2025
    Equity -€2.7mResult -€938,645
    99.8%+ 0.02% via subsidiaries
  • ECU-WORLDWIDE (PHILIPINNES) Inc. (volgens het consolidatiepackage)PHsubsidiary
    Sourceown accounts 31-03-2025
    Equity €1.5mResult €180,287
    99.4%
  • FMA-LINE HOLDINGsubsidiary
    Sourceown accounts 31-03-2025accounts FMA-LINE HOLDING 31-03-2025
    Equity -€204,400Result -€15,748
    99.05%+ 0.95% via subsidiaries
  • ECU WORLDWIDE (UGANDA) Ltd. (volgens het consolidatiepackage)UGsubsidiary
    Sourceown accounts 31-03-2025
    Equity -€52,511Result -€27,999
    99%+ 1% via subsidiaries
  • ECU WORLDWIDE TURKEY TASIMACILIK Ltd. Sti. (volgens het consolidatiepackage)TRsubsidiary
    Sourceown accounts 31-03-2025
    Equity -€1.4mResult -€205,239
    99%+ 1% via subsidiaries
  • ECU-LINE ABU DHABI LLC (volgens het consolidatiepackage)AEsubsidiary
    Sourceown accounts 31-03-2025
    Equity €147,169Result €84,682
    99%
  • FLAMINGO LINE DEL ECUADOR SA (volgens het consolidatiepackage)ECsubsidiary
    Sourceown accounts 31-03-2025
    Equity €604Result €4,000
    99%+ 1% via subsidiaries
  • ECU WORLDWIDE MOROCCO S.A. (volgens het consolidatiepackage)MAsubsidiary
    Sourceown accounts 31-03-2025
    Equity €1.3mResult €1.1m
    98.88%+ 0.84% via subsidiaries
  • Ecu Worldwide CEE S.R.L. (volgens het consolidatiepackage)ROsubsidiary
    Sourceown accounts 31-03-2025
    Equity €33,932Result -€72,361
    95%
  • ECU WORLDWIDE (ARGENTINA) SA (volgens het consolidatiepackage)ARsubsidiary
    Sourceown accounts 31-03-2025
    Equity -€134,391Result -€988,568
    90%+ 10% via subsidiaries
  • ECU-LINE MIDDLE EAST LLC (volgens het consolidatiepackage)AEsubsidiary
    Sourceown accounts 31-03-2025
    Equity €36,601Result -€840,645
    86%
  • EUROCENTRE FZCO (volgens het consolidatiepackage)AEsubsidiary
    Sourceown accounts 31-03-2025
    Equity €2.8mResult €1.3m
    84.62%
  • ECU WORLDWIDE (CHILE) S.A. (volgens het consolidatiepackage)CLsubsidiary
    Sourceown accounts 31-03-2025
    Equity €1.5mResult €187,672
    80%+ 20% via subsidiaries
  • Ecu-Line Saudi-Arabia LLC (volgens het consolidatiepackage)SAsubsidiary
    Sourceown accounts 31-03-2025
    Equity €517,778Result -€193,296
    70%
  • Ecu-Line Zimbabwe (Pvt) Ltd. (volgens het consolidatiepackage)ZWsubsidiary
    Sourceown accounts 31-03-2025
    Equity €0Result €0
    70%
  • PT Ecu Worldwide Indonesia (volgens het consolidatiepackage)IDsubsidiary
    Sourceown accounts 31-03-2025
    Equity €719,926Result -€82,004
    67%
  • ECU WORLDWIDE (GUATEMALA) S.A. (volgens het consolidatiepackage)GTsubsidiary
    Sourceown accounts 31-03-2025
    Equity -€95,136Result -€180,579
    66.67%+ 33.33% via subsidiaries
  • ECU WORLDWIDE (EL SALVADOR)S.P.Z.o.o. SA DE CV (volgens het consolidatiepackage)SVsubsidiary
    Sourceown accounts 31-03-2025
    Equity -€120,525Result -€73,107
    66%+ 34% via subsidiaries
  • ECU-WORLDWIDE AUSTRALIA Pty. Ltd. (volgens het consolidatiepackage)AUsubsidiary
    Sourceown accounts 31-03-2025
    Equity -€1.0mResult -€589,219
    60%+ 40% via subsidiaries
  • ECU WORLDWIDE EGYPT Ltd. (volgens het consolidatiepackage)EGsubsidiary
    Sourceown accounts 31-03-2025
    Equity €455,805Result €588,405
    55%+ 45% via subsidiaries
  • ECU-WORLDWIDE (CYPRUS) Ltd. (volgens het consolidatiepackageCYsubsidiary
    Sourceown accounts 31-03-2025
    Equity €42,373Result €33,551
    55%
  • ECU WORLDWIDE PERU S.A.C. (volgens het consolidatiepackage)PE
    Sourceown accounts 31-03-2025
    Equity €1.1mResult €948,162
    50%
  • Fasder SA (volgens het consolidatiepackage)UY
    Sourceown accounts 31-03-2025
    Equity €498,609Result €384,224
    50%
  • FCL Marine Agencies Bremen gmbh (volgens het consolidatiepackage)DE
    Sourceown accounts 31-03-2025
    Equity €438,598Result €12,967
    50%
  • Allcargo Logistics LLC (volgens het consolidatiepackage)AE
    Sourceown accounts 31-03-2025
    Equity €2.6mResult €837,628
    49%
  • Ecu Worldwide (Bahrain) Co. W.L.L. (volgens het consolidatiepackage)BH
    Sourceown accounts 31-03-2025
    Equity €102,055Result €23,397
    49%
  • ECU-LINE DOHA W.L.L. (volgens het consolidatiepackage)QA
    Sourceown accounts 31-03-2025
    Equity €184,898Result -€209,703
    49%
  • ECU-WORLDWIDE (THAILAND) Co. Ltd. (volgens het consolidatiepackage)TH
    Sourceown accounts 31-03-2025
    Equity €808,622Result €498,184
    49%
  • SOCIETE ECU-LINE TUNISIE Sarl (volgens het consolidatiepackage)TN
    Sourceown accounts 31-03-2025
    Equity €1.2mResult €191,601
    49%
  • AGL
    Sourceaccounts AGL 31-03-2025
    0.01%
  • Antwerp Freight Station
    Sourceaccounts Antwerp Freight Station 31-03-2025
    0.01%
All subsidiaries, including indirect ones 68

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

  • ADMINISTRADORA HOUSE LINE C.A. (volgens het consolidatiepackage)VE 100%
  • Allcargo Logistics FZE (volgens het consolidatiepackage)AE 100%
  • Asia Line Ltd. (volgens het consolidatiepackage)AE 100%
  • ECU INTERNATIONAL 100%
  • ECU INTERNATIONAL FAR EAST Ltd. (volgens het consolidatiepackage)HK 100%
  • ECU WORLDWIDE (COLOMBIA) S.A.S. (volgens het consolidatiepackage)CO 100%
  • ECU WORLDWIDE (GERMANY) Gmbh (volgens het consolidatiepackage)DE 100%
  • ECU WORLDWIDE (JAPAN) Ltd. (volgens het consolidatiepackage)JP 100%
  • ECU WORLDWIDE (MALAYSIA) SND. Bhd. (volgens het consolidatiepackage)MY 100%
  • ECU WORLDWIDE (MAURITIUS) Ltd. (volgens het consolidatiepackage)MU 100%
  • ECU WORLDWIDE (PANAMA) SA (volgens het consolidatiepackage)PA 100%
  • ECU WORLDWIDE (URUGUAY) S.A. (volgens het consolidatiepackage)UY 100%
  • ECU-LINE PERU S.A. (volgens het consolidatiepackage)PE 100%
  • ECU-LINE SPAIN S.L. (volgens het consolidatiepackage)ES 100%
  • ECU-WORLDWIDE (CZ) S.R.O. (volgens het consolidatiepackage)CZ 100%
  • ECU-WORLDWIDE (KENYA) Ltd. (volgens het consolidatiepackage)KE 100%
  • ECU-WORLDWIDE (NETHERLANDS) BV (volgens het consolidatiepackage)NL 100%
  • ECU-WORLDWIDE (POLAND) SP Z.O.O. (volgens het consolidatiepackage)PL 100%
  • ECU-WORLDWIDE (SINGAPORE) Pte. Ltd. (volgens het consolidatiepackage)SG 100%
  • ECU-WORLDWIDE (UK) Ltd. (volgens het consolidatiepackage)GB 100%
  • ECU-WORLDWIDE CANADA Inc. (volgens het consolidatiepackage)CA 100%
  • ECU-WORLDWIDE COTE D'IVOIRE Sarl (volgens het consolidatiepackage)CI 100%
  • ECU-WORLDWIDE ITALIA srl. (volgens het consolidatiepackage )IT 100%
  • ECU-WORLDWIDE NEW ZEALAND Ltd. (volgens het consolidatiepackage)NZ 100%
  • ECU-WORLDWIDE SOUTH AFRICA (Pty.) Ltd. (volgens het consolidatiepackage)ZA 100%
  • Eculine Worldwide Logistics Co. LTD Cambodia (volgens het consolidatiepackage)KH 100%
  • ECULINE WORLDWIDE LOGISTICS CO. LTD. (volgens het consolidatiepackage)PY 100%
  • ELWA GHANA Ltd. (volgens het consolidatiepackage)GH 100%
  • FCL MARINE AGENCIES BELGIUM 100%
  • FCL Marine Agencies BV (volgens het consolidatiepackage)NL 100%
  • FLAMINGO LINE DEL PERU SA (volgens het consolidatiepackage)PE 100%
  • GULDARY S.A. (volgens het consolidatiepackage)UY 100%
  • INTEGRITY ENTERPISES PTY LTD. (volgens het consolidatiepackage)AU 100%
  • Prism Global LLC (volgens het consolidatiepackage)US 100%
  • Prism Global Ltd (volgens het consolidatiepackage)HK 100%
  • STAR EXPRESS COMPANY LTD. (volgens het consolidatiepackage)AE 100%
  • CELM LOGISTICS SA de CV (volgens het consolidatipackage)MX 99.99%
  • Ecu Worldwide Servicios SA de CV (volgens het consolidatiepackage)MX 99.99%
  • ECU-WORLDWIDE (HONG KONG) Ltd. (volgens het consolidatiepackage)HK 99.99%
  • ECU-WORLDWIDE VIETNAM JOINT VENTURE COMPANY Ltd. (volgens het consolidatiepackage)VN 99.99%
  • HCL LOGISTICS 99.99%
  • ECU WORLDWIDE (BELGIUM) 99.97%3 subsidiaries
    • Antwerp Freight Station 99.99%2 subsidiaries
      • Rotterdam Freight Station (volgens het consolidatiepackage)NL 100%
      • Ecu Worldwide Mexico, SA de CV (volgens het consolidatiepackage)MX 99.99%
  • ECU WORLDWIDE (ECUADOR) S.A. (volgens het consolidatiepackage)EC 99.96%
  • ECU-LINE ALGERIE Sarl (volgens het consolidatiepackage)DZ 99.9%
  • Ecu Worldwide Logistics Do Brasil Ltda (volgens het consolidatiepackage)BR 99.8%
  • ECU-WORLDWIDE (PHILIPINNES) Inc. (volgens het consolidatiepackage)PH 99.4%
  • FMA-LINE HOLDING 99.05%
  • ECU WORLDWIDE (UGANDA) Ltd. (volgens het consolidatiepackage)UG 99%
  • ECU WORLDWIDE TURKEY TASIMACILIK Ltd. Sti. (volgens het consolidatiepackage)TR 99%
  • ECU-LINE ABU DHABI LLC (volgens het consolidatiepackage)AE 99%
  • FLAMINGO LINE DEL ECUADOR SA (volgens het consolidatiepackage)EC 99%
  • ECU WORLDWIDE MOROCCO S.A. (volgens het consolidatiepackage)MA 98.88%
  • Ecu Worldwide CEE S.R.L. (volgens het consolidatiepackage)RO 95%
  • ECU WORLDWIDE (ARGENTINA) SA (volgens het consolidatiepackage)AR 90%
  • ECU-LINE MIDDLE EAST LLC (volgens het consolidatiepackage)AE 86%
  • EUROCENTRE FZCO (volgens het consolidatiepackage)AE 84.62%
  • ECU WORLDWIDE (CHILE) S.A. (volgens het consolidatiepackage)CL 80%
  • Ecu-Line Saudi-Arabia LLC (volgens het consolidatiepackage)SA 70%
  • Ecu-Line Zimbabwe (Pvt) Ltd. (volgens het consolidatiepackage)ZW 70%
  • PT Ecu Worldwide Indonesia (volgens het consolidatiepackage)ID 67%
  • ECU WORLDWIDE (GUATEMALA) S.A. (volgens het consolidatiepackage)GT 66.67%
  • ECU WORLDWIDE (EL SALVADOR)S.P.Z.o.o. SA DE CV (volgens het consolidatiepackage)SV 66%
  • ECU-WORLDWIDE AUSTRALIA Pty. Ltd. (volgens het consolidatiepackage)AU 60%
  • ECU WORLDWIDE EGYPT Ltd. (volgens het consolidatiepackage)EG 55%
  • ECU-WORLDWIDE (CYPRUS) Ltd. (volgens het consolidatiepackageCY 55%

According to the annual accounts to 31-03-2025 of ECUHOLD 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

2 connected companies
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
Karel de Grote Hogeschool, Katholieke Hogeschool Antwerpen
Shared director
→
Port of Antwerp-Bruges International
Shared director
→

Acquisitions and mergers

1 transaction
BE 0461.336.255proposal · State Gazette act of 30-01-2014 · effective 02-01-2014

Capital and shareholders

Shareholders according to the acts
Stated in the act act of 13-11-2023 ↗
  • AGL NV 160,545 shares
  • Allcargo Belgium NV 1 share
Stated in the act act of 25-08-2023 ↗
  • AGL NV 160,545 shares
  • Allcargo Belgium NV 1 share
Stated in the act act of 15-05-2023 ↗
  • AGL NV 160,545 shares
  • Allcargo Belgium NV 1 share
Stated in the act act of 30-09-2021 ↗
  • AGL NV
  • Allcargo Belgium NV

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 23-08-2023 Capital stated in 3 acts · 3,139,276 EUR · 160,546 shares

Recognitions · licences · registrations

Legal Entity Identifier

5493003INYEWXN5FOI61
no longer live in the LEI register

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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 1,286 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
Founded12-06-1997
Fiscal year end31-03
Activities, NACEBEL 2025
52250Logistics services
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0460849374

Register as of 27 September 2026 · Peppol Directory

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