Active · per the CBE, 29 October 2026

ECA

BE0421923670

Rechtspersoon Public limited company 1 establishment

ECA is a water company in Assenede. Public Limited, started on 30 September 1981, 1 establishment.

Trieststraat 38, 9960 Assenede

Active for

45 year

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.

  • 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.

What it is worth Growing

€ 140.2 million

▲ 1% vs 2024

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

Profit Healthy

€ 2.1 million

▼ 84% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 7.8 million

▲ € 6.6 million vs 2024

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

Where the profit goes Pays out

€ 1.3 million paid out

63 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

75.2

▼ 16.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 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.

Vehicles and equipment

€ 226,771

▼ 16% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 1 million

▲ 148% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.

Taxes and wages

€ 6.6 million

▼ 1% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
2022202320242025Change 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

ECA
I M Kelly Holdings Limited 100%
Berco Holding BV 100%
TISCO 99%

It owns 100% of I M Kelly Holdings Limited, 100% of Berco Holding BV and 99% of TISCO itself.

Directors

According to the 2025 annual accounts

Martine Christiaen

Managing director

Also active at: TISCO

since 2018 · until 2030

NICHRI BV

Director · represented by Nicky Christiaen

since 2024 · until 2030

ELCA NV

Managing director · represented by Nicky Christiaen

since 2020 · until 2030

Establishments

Establishment units

Physical locations of this company

Registered office

Trieststraat 38

9960 Assenede

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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Frequently asked questions

What does ECA do?
ECA is a water company in Assenede. Public Limited, started on 30 September 1981, 1 establishment.
What is the address of ECA?
The registered office of ECA is located at Trieststraat 38, 9960 Assenede.
Is ECA still active?
Yes. According to the CBE (29 October 2026) ECA is active, legal situation “Normale toestand”, started on 30 September 1981.
Is ECA registered on Peppol?
Yes, ECA is registered on the Peppol network with ID 0208:0421923670.
What is the enterprise number of ECA?
The enterprise number of ECA is BE0421923670.
When was ECA founded?
ECA was founded on 30 September 1981.