What does ECETIA FINANCES do?

ECETIA FINANCES is filed with the CBE under the catch-all “Overige financiële dienstverlening”, a code that says little about what the company actually does. Cooperative, started on 30 December 1929, 1 establishment.

What is the address of ECETIA FINANCES?

The registered office of ECETIA FINANCES is located at Rue du Vertbois 11, 4000 Liège.

Is ECETIA FINANCES still active?

Yes. According to the CBE (29 October 2026) ECETIA FINANCES is active, legal situation “Normale toestand”, started on 30 December 1929.

Is ECETIA FINANCES registered on Peppol?

Yes, ECETIA FINANCES is registered on the Peppol network with ID 0208:0203978726.

What is the enterprise number of ECETIA FINANCES?

The enterprise number of ECETIA FINANCES is BE0203978726.

When was ECETIA FINANCES founded?

ECETIA FINANCES was founded on 30 December 1929.

Who are the directors of ECETIA FINANCES?

According to the 2025 annual accounts, the directors of ECETIA FINANCES are: Ecetia Intercommunale SC, Nadine Lach, Elisabeth Callegari, Nermin Cetin, Ahmed Rasilli, Robert Rouzeeuw, Irwin Guckel, Géraldine Closset.

Is ECETIA FINANCES a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 30 December 1929; 5 annual accounts filed, latest fiscal year 2025; 19 directors known from the annual account.

How much profit did ECETIA FINANCES make in 2025?

ECETIA FINANCES recorded a loss after taxes of € 242,842 in financial year 2025.

What is the revenue of ECETIA FINANCES?

As a small company, ECETIA FINANCES is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -516,288.

ECETIA FINANCES (Cooperative) - Liège - BE0203978726

Dossier ECETIA FINANCES, printed on 29 October 2026 from databakkes.be/en/0203978726/ecetia-finances. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Board fully replaced NBB

No director from three years ago is still active according to annual account 2025.
Busy address KBO

15 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

ECETIA FINANCES from Liège, company number BE0203978726, closed financial year 2025 with a result of € -242,842 after tax. For that financial year ECETIA FINANCES recorded a gross margin of € -516,288 and equity of € 3.3 million. Compared with financial year 2024, the result moved from € -281,887 to € -242,842. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.

What it is worth Healthy

€ 3.3 million

▼ 16% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -242,842

▲ 14 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2.5 million

▲ 84% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 104,071.

Debts at end 2025

Bank debt ≈ 7 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 22.3 million

▼ 6% vs 2024

€ 3.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 7,679

▲ € 6,956 vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 5,391

▼ 92% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -516,341 Gross margin 2022: € -516,341 First fiscal year in the series	€ -499,547 Gross margin 2023: € -499,547 ▲ € 16,795 vs 2022 (€ -516,341) Favourable step	€ -512,805 Gross margin 2024: € -512,805 ▼ € 13,258 vs 2023 (€ -499,547) Unfavourable step	€ -516,288 Gross margin 2025: € -516,288 ▼ € 3,483 vs 2024 (€ -512,805) Unfavourable step	▼ € 3,483
Profit after taxes	€ 296,384 Profit after taxes 2022: € 296,384 First fiscal year in the series	€ -12,966 Profit after taxes 2023: € -12,966 ▼ € 309,350 vs 2022 (€ 296,384) Unfavourable step	€ -281,887 Profit after taxes 2024: € -281,887 ▼ € 268,921 vs 2023 (€ -12,966) Unfavourable step	€ -242,842 Profit after taxes 2025: € -242,842 ▲ € 39,045 vs 2024 (€ -281,887) Favourable step	▲ € 39,045
Equity	€ 10,315,594 Equity 2022: € 10,315,594 First fiscal year in the series	€ 9,786,511 Equity 2023: € 9,786,511 ▼ 5% vs 2022 (€ 10,315,594) Unfavourable step	€ 3,889,671 Equity 2024: € 3,889,671 ▼ 60% vs 2023 (€ 9,786,511) Unfavourable step	€ 3,276,684 Equity 2025: € 3,276,684 ▼ 16% vs 2024 (€ 3,889,671) Unfavourable step	▼ 16%
Total debts	€ 40,147,644 Total debts 2022: € 40,147,644 First fiscal year in the series	€ 37,243,976 Total debts 2023: € 37,243,976 ▼ 7% vs 2022 (€ 40,147,644) Favourable step	€ 24,508,214 Total debts 2024: € 24,508,214 ▼ 34% vs 2023 (€ 37,243,976) Favourable step	€ 22,958,129 Total debts 2025: € 22,958,129 ▼ 6% vs 2024 (€ 24,508,214) Favourable step	▼ 6%
Cash	€ 1,318,931 Cash 2022: € 1,318,931 First fiscal year in the series	€ 3,784,683 Cash 2023: € 3,784,683 ▲ 187% vs 2022 (€ 1,318,931) Favourable step	€ 1,374,787 Cash 2024: € 1,374,787 ▼ 64% vs 2023 (€ 3,784,683) Unfavourable step	€ 2,525,993 Cash 2025: € 2,525,993 ▲ 84% vs 2024 (€ 1,374,787) Favourable step	▲ 84%
Retained profit	€ 931,089 Retained profit 2022: € 931,089 First fiscal year in the series	€ 882,990 Retained profit 2023: € 882,990 ▼ 5% vs 2022 (€ 931,089) Unfavourable step	€ 346,913 Retained profit 2024: € 346,913 ▼ 61% vs 2023 (€ 882,990) Unfavourable step	€ 104,071 Retained profit 2025: € 104,071 ▼ 70% vs 2024 (€ 346,913) Unfavourable step	▼ 70%
Dividend	€ 345,217 Dividend 2022: € 345,217 First fiscal year in the series	€ 35,133 Dividend 2023: € 35,133 ▼ 90% vs 2022 (€ 345,217) Unchanged	€ 254,189 Dividend 2024: € 254,189 ▲ € 219,056 vs 2023 (€ 35,133) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 254,189) Unchanged	▼ 100%
Bank debt	€ 39,237,100 Bank debt 2022: € 39,237,100 First fiscal year in the series	€ 36,702,187 Bank debt 2023: € 36,702,187 ▼ 6% vs 2022 (€ 39,237,100) Favourable step	€ 23,765,065 Bank debt 2024: € 23,765,065 ▼ 35% vs 2023 (€ 36,702,187) Favourable step	€ 22,324,792 Bank debt 2025: € 22,324,792 ▼ 6% vs 2024 (€ 23,765,065) Favourable step	▼ 6%
Balance sheet total	€ 50,463,237 Balance sheet total 2022: € 50,463,237 First fiscal year in the series	€ 47,030,487 Balance sheet total 2023: € 47,030,487 ▼ 7% vs 2022 (€ 50,463,237) Unchanged	€ 28,397,885 Balance sheet total 2024: € 28,397,885 ▼ 40% vs 2023 (€ 47,030,487) Unchanged	€ 26,234,813 Balance sheet total 2025: € 26,234,813 ▼ 8% vs 2024 (€ 28,397,885) Unchanged	▼ 8%

Key figures of ECETIA FINANCES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to ECETIA FINANCES?

What happened at ECETIA FINANCES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 1, 2026 New annual accounts for financial year 2025: loss of € 242,842. Source: NBB ↗
2025 Ecetia Intercommunale SC became a director. NBB
2025 Nadine Lach stepped down as director. NBB
2025 Nermin Cetin stepped down as director. NBB
2025 Ahmed Rasilli stepped down as director. NBB
2025 Robert Rouzeeuw stepped down as director. NBB
2025 Irwin Guckel stepped down as director. NBB
2025 Géraldine Closset stepped down as director. NBB

In short

From € 296,384 profit in 2022 to € 242,842 loss in 2025.

Best year ever: 2022, with € 296,384 profit.

Paid out € 634,539 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

ECETIA INTERCOMMUNALE 16.1%

NETHYS 11.1%

The stake of ECETIA INTERCOMMUNALE, NETHYS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

ECETIA FINANCES

Behind ECETIA FINANCES is Ecetia Intercommunale SC. The shares are held by ECETIA INTERCOMMUNALE (16.1%) and NETHYS (11.1%).

Directors

According to the 2025 annual accounts

Ecetia Intercommunale SC

Director · represented by Bertrand Demonceau

since 2025

Nadine Lach

Director

since 2019 · until 2025

Elisabeth Callegari

Director

since 2012 · until 2025

Nermin Cetin

Director

Also active at: CENTRE HOSPITALIER BOIS DE L'ABBAYE, SOCIETE REGIONALE DU LOGEMENT DE HERSTAL

since 2018 · until 2025

Ahmed Rasilli

Director

since 2018 · until 2025

Robert Rouzeeuw

Director

Also active at: Compagnie Intercommunale Liégeoise des Eaux, CENTRE HOSPITALIER BOIS DE L'ABBAYE

since 2019 · until 2025

Irwin Guckel

Director

Also active at: Orchestre philharmonique Royal de Liège, CHATEAU D'OUPEYE, SOCIETE D'INTEGRATION PAR LE TRAVAIL EN ENVIRONNEMENT EN REGION LIEGEOISE, AL POPULAIRE FESTIVITES

since 2019 · until 2025

Géraldine Closset

Director

since 2025 · until 2025

Marcel Petry

Director

since 2018 · until 2025

Isabelle Thomsin

Director

Also active at: CENTRE HOSPITALIER REGIONAL DE LA CITADELLE, INTERCOMMUNALE DE SOINS SPECIALISES DE LIEGE, PARKING 4040, Régie Immobilière Autonome de Herstal

since 2025 · until 2025

Julien Woolf

Director

since 2019 · until 2025

Giuseppe Maniglia

Chairman of the board

Also active at: Agence Immobilière Sociale Liège Logement

since 2019 · until 2025

Ethias SA

Director · represented by Jean-Michel Bourdoux

Also active at: BEDRIJVENCENTRUM DE PUNT, DATASSUR, BEDRIJVENCENTRUM REGIO GERAARDSBERGEN, AQUALIS, ASSURCARD, EPIMEDE, UKOT Liège, ONDERNEMERSCENTRUM RONSE +1 more

since 2018 · until 2025

Jean-Claude Peeters

Director

since 2013 · until 2025

Cécile Firket

Vice-chairman of the board

Also active at: INTERCOMMUNALE DE SOINS SPECIALISES DE LIEGE

since 2025 · until 2025

SPI + SA

Director · represented by Laurence Simon

Also active at: Wirtschaftsförderungsgesellschaft Ostbelgiens VoG, WALLONIE DEVELOPPEMENT

since 2018 · until 2025

Thomas Cialone

Director

Also active at: ASSOCIATION INTERCOMMUNALE POUR LE DEMERGEMENT ET L'EPURATION DES COMMUNES DE LA PROVINCE DE LIEGE

since 2025 · until 2025

Arnaud Frippiat

Director

Also active at: PUBLIPART

since 2020 · until 2025

Fabien Beltran

Director

Also active at: ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGEOIS

since 2019 · until 2025

Shareholders

ECETIA INTERCOMMUNALE

16.1%

NETHYS

11.1%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue du Vertbois 11

4000 Liège

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.

All companies at this address →

SPI same network

€ 20.8 million revenue · 2025

ECETIA INTERCOMMUNALE same network

€ 2.9 million revenue · 2025

SOCIETE DE RENOVATION ET D'ASSAINISSEMENT DES SITES INDUSTRIELS

€ 43,520 revenue · 2025

Maison de l'Urbanité

SOCIETE DE DEVELOPPEMENT DE LIEGE GUILLEMINS

€ -35,866 gross margin · 2025

+10 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0203.978.726
VAT number: BE 0203.978.726
Registered office: Rue du Vertbois 11, 4000 Liège
Names & denominations: ECETIA FINANCES · ST-NICOLAS ENVIRONS
Enterprise type: Rechtspersoon
Legal form: Cooperative company
Legal situation: Normale toestand
Start date: 30 December 1929
Peppol: Active · Active since 1 Dec 2025
Contact: [email protected]
Activities · NACE: Overige financiële dienstverlening, neg

View on CBE Public ↗ Annual accounts (NBB) ↗

ECETIA FINANCES

Warning lights

Financials

What happened to ECETIA FINANCES?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions