Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 114 to 75.2.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ECA from Assenede, company number BE0421923670, closed financial year 2025 with a result of € 2.1 million after tax. For that financial year ECA recorded revenue of € 14.4 million and equity of € 140.2 million. Compared with financial year 2024, the result moved from € 12.8 million to € 2.1 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 140.2 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.1 million
▼ 84% vs 2024
Profit after tax over the fiscal year.
€ 7.8 million
▲ € 6.6 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.3 million paid out
63 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
75.2
▼ 16.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.7 million
▼ 17% vs 2024
€ 49,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 226,771
▼ 16% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1 million
▲ 148% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 6.6 million
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,990,618 | € 13,721,193 | € 10,653,969 | € 14,417,024 | ▲ 35% |
| Profit after taxes | € -7,038,971 | € -4,963,475 | € 12,820,426 | € 2,052,814 | ▼ 84% |
| Equity | € 136,601,615 | € 131,638,140 | € 139,458,566 | € 140,211,380 | ▲ 1% |
| Total debts | € 13,851,466 | € 12,884,516 | € 7,503,836 | € 9,323,890 | ▲ 24% |
| Cash | € 3,991,784 | € 2,585,622 | € 1,175,894 | € 7,821,623 | ▲ € 6.6 million |
| Land & buildings | € 6,903,294 | € 6,880,220 | € 6,965,149 | € 7,026,790 | ▲ 1% |
| Retained profit | € 79,473,323 | € 74,509,848 | € 87,330,274 | € 88,083,088 | ▲ 1% |
| Dividend | € 0 | € 0 | € 0 | € 1,300,000 | |
| Balance sheet total | € 150,471,080 | € 144,766,961 | € 146,980,400 | € 149,553,268 | ▲ 2% |
| Employees (FTE) | 126.2 | 114 | 91.8 | 75.2 | ▼ 16.6 |
Key figures of ECA, 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 ECA?
What happened at ECA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Martine Christiaen stepped down as director. NBB
- NICHRI BV stepped down as director. NBB
- ELCA NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.1 million (▼ 84% vs 2024). Source: NBB ↗
- NICHRI BV became a director. NBB
- ELCA NV became a director. NBB
- Martine Christiaen became a director. NBB
- New establishment in Assenede. KBO
In short
From € 7 million loss in 2022 to € 2.1 million profit in 2025.
Paid € 46,215 in corporate taxes since 2022.
Best year ever: 2024, with € 12.8 million profit.
Paid out € 1.3 million in dividends to the owners in total.
Management
It owns 100% of I M Kelly Holdings Limited, 100% of Berco Holding BV and 99% of TISCO itself.
Establishments
Establishment units
Physical locations of this company
Trieststraat 38
9960 Assenede
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →VZW RESTO MEETJESLAND
€ 43,945 gross margin · 2025
HASIMMO
Lippens Projects
€ 2,743 gross margin · 2025
QBC
€ 232,229 gross margin · 2024
Buro Benton
€ 33,701 gross margin · 2025
+7 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
- 0421.923.670
- VAT number
- BE 0421.923.670
- Registered office
- Trieststraat 38, 9960 Assenede
- Names & denominations
- ECA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 1981
- Peppol
- Active · Active since 19 Oct 2025
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