Financials
Financial year 2024
E.C.O. from Elsene, company number BE0437884229, closed financial year 2024 with a result of € 146,702 after tax. For that financial year E.C.O. recorded a gross margin of € 280,960 and equity of € 122,854. Compared with financial year 2023, the result moved from € 89,678 to € 146,702. Profitable, and profit is growing. The buffer shrank hard: equity is 56 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 26, 2025.
€ 122,854
▼ 56% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 146,702
▲ 64% vs 2023
Profit after tax over the fiscal year.
€ 282,034
▼ 38% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 300,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
3.6
▲ 0.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 62,332
€ 17,300 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.
€ 31,397
▼ 29% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 7,630
▼ 51% vs 2023
€ 5,068 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 201,304
▲ 5% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 62,740
▲ 58% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 122,438 | € 105,018 | € 203,769 | € 280,960 | ▲ 38% |
| Profit after taxes | € 42,313 | € 13,762 | € 89,678 | € 146,702 | ▲ 64% |
| Equity | € 172,712 | € 186,474 | € 276,152 | € 122,854 | ▼ 56% |
| Total debts | € 931,115 | € 503,474 | € 395,570 | € 675,884 | ▲ 71% |
| Cash | € 243,336 | € 447,826 | € 456,642 | € 282,034 | ▼ 38% |
| Land & buildings | € 9,877 | € 11,492 | € 9,759 | € 8,027 | ▼ 18% |
| Retained profit | € 110,712 | € 124,474 | € 214,152 | € 60,854 | ▼ 72% |
| Dividend | € 0 | € 0 | € 0 | € 300,000 | |
| Bank debt | € 32,815 | € 24,215 | € 15,494 | € 7,630 | ▼ 51% |
| Balance sheet total | € 1,103,827 | € 689,948 | € 671,722 | € 798,738 | ▲ 19% |
| Employees (FTE) | - | 2.7 | 3.1 | 3.6 | ▲ 0.5 |
Key figures of E.C.O., fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to E.C.O.?
What happened at E.C.O. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 146,702 (▲ 64% vs 2023). filed late Source: NBB ↗
- New establishment in Etterbeek. KBO
- Geoffrey LETIZIA became a director. NBB
- Mihaela BOBEICA became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 42,313 profit in 2021 to € 146,702 profit in 2024.
Paid € 95,629 in corporate taxes since 2021.
Best year ever: 2024, with € 146,702 profit.
On average € 78,000 of value added per employee in 2024.
A new publication or filing at E.C.O.? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ALEXIMMO, 9RENOZEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
E.C.O.Behind E.C.O. are Geoffrey LETIZIA and Mihaela BOBEICA. The shares are held by ALEXIMMO (100%) and 9RENOZEN (100%).
Establishments
Establishment units
Physical locations of this company
Vleurgatse Steenweg 320
1050 Elsene
Morgenlandstraat 61
1040 Etterbeek
Active since 17 March 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.884.229
- VAT number
- BE 0437.884.229
- Registered office
- Vleurgatse Steenweg 320, 1050 Elsene
- Names & denominations
- E.C.O.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 1989
- Peppol
- Active · Active since 18 Sept 2025
- Contact
- [email protected]
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Handelsbemiddeling in goederen, algemeen assortiment
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Sanitaire werkzaamheden
Overig loodgieterswerk