Equity
€101.4m ▲ 18.7%
ECUHOLD has made a profit in every financial year since 2006.
ECUHOLD
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998peak €221.7m (2024)
€207.1m▼ 4.3%
peak €51.2m (2023)
€15.9m▼ 25.0%
peak €134.2m (2024)
€101.4m▲ 18.7%
€104.3m▼ 19.4%
peak 17.9 FTE (2024)
15.4 FTE▼ 2.5%
Board35 names since 2005all names
3 directorsHetal Madhukant Gandhi and 2 others
Owners4 names in the annual accounts
99.99%AGL and 2 others
Documentsfilings and deeds
05-10-202626 days before the deadline
2026financial year
Turnover from €10,092 to €4,215Resignation: Simon Bajada (director) 24-06Appointment: Jan Kleine-Lasthues (director) 21-05Resignation: Simon Sachu (director) 10-03Equity from €85.5m to €101.4mDebts from €129.4m to €104.3m
Key points
from the 2026 annual accountsInvestments
€255,379 0.3 × depreciation
Green is investment, beige is depreciation.
Payment terms
258 days to suppliers
ECUHOLD pays its suppliers 91 days later than in 2025. Customers pay 468,636 days later.
Subsidiaries
-€15.2m
Subsidiary with negative equity. Prism Global Ltd (volgens… · loss of €17.8m in 2025 · 25 other subsidiaries too.
Board
1 joined · 2 left
Board changed. Latest change 24-06-2026 · 3 in office.
Position in the sector
€15.9m
Higher net result than 95% of companies in head offices and management consultancy. Sector median €135,346 · 179 companies.
Checked score
89
Excellent
Financially stronger than 36% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.37, cash €4.8m, halved
1 of the last 3 accounts late
lowers risk
Size: turnover €4,215, 15.4 FTE, total assets €207.1m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 47% of them on solvency, 13% on liquidity, 44% on profitability and 39% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as ECUHOLD has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of ECUHOLD itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for ECUHOLD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 05-10-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
26 days early
2025
78 days early
2024
43 days late
2023
109 days early
2022
104 days early
2021
121 days early
2020
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 63 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 14 August (4 of the last 5 accounts filed within 52 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
- AGL 99.99%equity €48.6m (2026) · annual accounts 31-03-2026
- ALLCARGO GLOBAL LIMITED consolidatesannual accounts 31-03-2026
- Ecu Global 0.01%equity €87.4m (2026) · annual accounts 31-03-2026
Shares in 72 companies, including ADMINISTRADORA HOUSE LINE C.A. (volgens het consolidatiepackage) and Allcargo Logistics FZE (volgens het consolidatiepackage)
Board & ownershipRecent changes
Resignation: Simon Bajada (director)
General meeting of 27-02-2026 · Gazette deed
Appointment: Jan Kleine-Lasthues (director)
General meeting of 31-01-2026 · Gazette deed
Resignation: Simon Sachu (director)
Director discharge: Simon Sachu (director (not named in the articles)) · General meeting of 20-12-2025 · Gazette deed
Resignation: Saleem Mohamed Nazir Mohamedhusein (director)
Director discharge: Saleem Mohamed Nazir Mohamedhusein (director (not named in the articles)) · General meeting of 30-09-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ECUHOLD Antwerp | €4,215 | - | 49.0% | 15.4 |
| finance&invest.brussels Brussels | €20,250 | - | 96.6% | 18.9 |
| SINGITA Tournai | €0 | - | 35.2% | - |
| POMIN Turnhout | - | - | 85.9% | 9.4 |
| ALEXANDRA INTERNATIONAL Antwerp | - | - | 94.5% | 4 |
| Easyfairs International Woluwe-Saint-Lambert | - | - | 41.4% | 25.2 |
| ArcelorMittal Tailored Blanks Ghent | €29,865 | - | 93.7% | 29.3 |
These companies have the same main activity as ECUHOLD: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €77m and €414m, founded between 1984 and 2007.
Official details
Source: KBO- Status
- Active since 12-06-1997Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Joint committee
- 226White-collar workers in international trade, transport and logistics · annual accounts 31-03-2025
- Establishment unit
- 2.082.819.5332030 Antwerp, since 30-07-1997
- Financial year end
- 31 March
- Peppol
- Reachable
Annual accounts to 31-03-2026
- €17.4m▼ 4.0%
- €207.1m▼ 4.3%
- Employeeson 31-03-2026
- 16▼ 5.9%
- Filing
- Filed on 05-10-2026, 26 days before the end of the filing period
Companies linked to ECUHOLD
Subsidiaries and holdings
- ECU INTERNATIONAL100%
- FCL MARINE AGENCIES BELGIUM100%
- HCL LOGISTICS99.99%
- ECU WORLDWIDE (BELGIUM)99.97%
- FMA-LINE HOLDING99.05%
- Antwerp Freight Station0.01%
Insights on ECUHOLD
ECUHOLD has existed since 1997. The balance sheet total grew from €18.3m in 2006 to €207.1m in 2026.
Solvency rose in 2026 from 39.5% to 49.0% because of the retained profit and lower debts.
AGL holds all the shares. In December 2022, five directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ECUHOLD
- What is the company number of ECUHOLD?
- The company number of ECUHOLD is 0460.849.374. The VAT number is the same number with BE in front: BE 0460.849.374.
- Where is ECUHOLD based?
- The registered office is at Schomhoeveweg 15, 2030 Antwerp.Company details
- What does ECUHOLD do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of ECUHOLD?
- ECUHOLD is a public limited company (NV).
- When was ECUHOLD founded?
- ECUHOLD was founded on 12-06-1997.
- Is ECUHOLD still active?
- Yes, ECUHOLD is an active enterprise in the KBO register.
- How many employees does ECUHOLD have?
- ECUHOLD had an average of 15.4 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does ECUHOLD fall under?
- In its 31-03-2025 annual accounts, ECUHOLD states joint committee 226 (White-collar workers in international trade, transport and logistics).
- What is the turnover of ECUHOLD?
- The turnover of ECUHOLD was €4,215 in financial year 2026, according to the filed annual accounts.
- Is ECUHOLD profitable?
- In financial year 2026, ECUHOLD made a profit of €15.9m.
- Where can I find the annual accounts of ECUHOLD?
- ECUHOLD filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of ECUHOLD due?
- ECUHOLD must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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