E.C.O. is a heating and ventilation installer in Elsene. Public Limited, started on 3 July 1989, 2 establishments.

What is the address of E.C.O.?

The registered office of E.C.O. is located at Vleurgatse Steenweg 320, 1050 Elsene.

Is E.C.O. still active?

Yes. According to the CBE (15 November 2026) E.C.O. is active, legal situation “Normale toestand”, started on 3 July 1989.

Is E.C.O. registered on Peppol?

Yes, E.C.O. is registered on the Peppol network with ID 0208:0437884229.

What is the enterprise number of E.C.O.?

The enterprise number of E.C.O. is BE0437884229.

When was E.C.O. founded?

E.C.O. was founded on 3 July 1989.

Who are the directors of E.C.O.?

According to the 2025 annual accounts, the directors of E.C.O. are: Mihaela Bobeica, Geoffrey Letizia.

Is E.C.O. a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 3 July 1989; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 2 establishments in the CBE.

How much profit did E.C.O. make in 2025?

E.C.O. posted a profit after taxes of € 76,633 in financial year 2025.

What is the revenue of E.C.O.?

As a small company, E.C.O. is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 218,054.

How much does an employee at E.C.O. earn?

The average wage cost per full-time employee at E.C.O. was € 21,900 in 2025: staff costs of € 72,391 for 3.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does E.C.O. have?

According to the 2025 annual accounts, E.C.O. has 3.3 full-time equivalents (FTE).

E.C.O. (Public Limited) - Elsene - BE0437884229

Dossier E.C.O., printed on 15 November 2026 from databakkes.be/en/0437884229/e-c-o. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

E.C.O. from Elsene, company number BE0437884229, closed financial year 2025 with a result of € 76,633 after tax. For that financial year E.C.O. recorded a gross margin of € 218,054 and equity of € 199,487. Compared with financial year 2024, the result moved from € 146,702 to € 76,633. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2026.

What it is worth Growing

€ 199,487

▲ 62% vs 2024

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

Profit Healthy

€ 76,633

▼ 48% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 388,618

▲ 38% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 137,487.

People and assets in 2025

Full-time equivalents

3.3

▼ 0.3 vs 2024

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

Wage cost

€ 72,391

▲ 16% vs 2024

€ 21,900 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

€ 16,328

▼ 48% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 2,562

▼ 66% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 239,602

▲ 19% vs 2024

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

Taxes and wages

€ 59,700

▼ 5% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 105,018 Gross margin 2022: € 105,018 First fiscal year in the series	€ 203,769 Gross margin 2023: € 203,769 ▲ 94% vs 2022 (€ 105,018) Favourable step	€ 280,960 Gross margin 2024: € 280,960 ▲ 38% vs 2023 (€ 203,769) Favourable step	€ 218,054 Gross margin 2025: € 218,054 ▼ 22% vs 2024 (€ 280,960) Unfavourable step	▼ 22%
Profit after taxes	€ 13,762 Profit after taxes 2022: € 13,762 First fiscal year in the series	€ 89,678 Profit after taxes 2023: € 89,678 ▲ € 75,916 vs 2022 (€ 13,762) Favourable step	€ 146,702 Profit after taxes 2024: € 146,702 ▲ 64% vs 2023 (€ 89,678) Favourable step	€ 76,633 Profit after taxes 2025: € 76,633 ▼ 48% vs 2024 (€ 146,702) Unfavourable step	▼ 48%
Equity	€ 186,474 Equity 2022: € 186,474 First fiscal year in the series	€ 276,152 Equity 2023: € 276,152 ▲ 48% vs 2022 (€ 186,474) Favourable step	€ 122,854 Equity 2024: € 122,854 ▼ 56% vs 2023 (€ 276,152) Unfavourable step	€ 199,487 Equity 2025: € 199,487 ▲ 62% vs 2024 (€ 122,854) Favourable step	▲ 62%
Total debts	€ 503,474 Total debts 2022: € 503,474 First fiscal year in the series	€ 395,570 Total debts 2023: € 395,570 ▼ 21% vs 2022 (€ 503,474) Favourable step	€ 675,884 Total debts 2024: € 675,884 ▲ 71% vs 2023 (€ 395,570) Unfavourable step	€ 464,664 Total debts 2025: € 464,664 ▼ 31% vs 2024 (€ 675,884) Favourable step	▼ 31%
Cash	€ 447,826 Cash 2022: € 447,826 First fiscal year in the series	€ 456,642 Cash 2023: € 456,642 ▲ 2% vs 2022 (€ 447,826) Favourable step	€ 282,034 Cash 2024: € 282,034 ▼ 38% vs 2023 (€ 456,642) Unfavourable step	€ 388,618 Cash 2025: € 388,618 ▲ 38% vs 2024 (€ 282,034) Favourable step	▲ 38%
Land & buildings	€ 11,492 Land & buildings 2022: € 11,492 First fiscal year in the series	€ 9,759 Land & buildings 2023: € 9,759 ▼ 15% vs 2022 (€ 11,492) Unchanged	€ 8,027 Land & buildings 2024: € 8,027 ▼ 18% vs 2023 (€ 9,759) Unchanged	€ 6,295 Land & buildings 2025: € 6,295 ▼ 22% vs 2024 (€ 8,027) Unchanged	▼ 22%
Retained profit	€ 124,474 Retained profit 2022: € 124,474 First fiscal year in the series	€ 214,152 Retained profit 2023: € 214,152 ▲ 72% vs 2022 (€ 124,474) Favourable step	€ 60,854 Retained profit 2024: € 60,854 ▼ 72% vs 2023 (€ 214,152) Unfavourable step	€ 137,487 Retained profit 2025: € 137,487 ▲ 126% vs 2024 (€ 60,854) Favourable step	▲ 126%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 300,000 Dividend 2024: € 300,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 300,000) Unchanged	▼ 100%
Bank debt	€ 24,215 Bank debt 2022: € 24,215 First fiscal year in the series	€ 15,494 Bank debt 2023: € 15,494 ▼ 36% vs 2022 (€ 24,215) Favourable step	€ 7,630 Bank debt 2024: € 7,630 ▼ 51% vs 2023 (€ 15,494) Favourable step	€ 2,562 Bank debt 2025: € 2,562 ▼ 66% vs 2024 (€ 7,630) Favourable step	▼ 66%
Balance sheet total	€ 689,948 Balance sheet total 2022: € 689,948 First fiscal year in the series	€ 671,722 Balance sheet total 2023: € 671,722 ▼ 3% vs 2022 (€ 689,948) Unchanged	€ 798,738 Balance sheet total 2024: € 798,738 ▲ 19% vs 2023 (€ 671,722) Unchanged	€ 664,151 Balance sheet total 2025: € 664,151 ▼ 17% vs 2024 (€ 798,738) Unchanged	▼ 17%
Employees (FTE)	2.7 Employees (FTE) 2022: 2.7 First fiscal year in the series	3.1 Employees (FTE) 2023: 3.1 ▲ 0.4 vs 2022 (2.7) Unchanged	3.6 Employees (FTE) 2024: 3.6 ▲ 0.5 vs 2023 (3.1) Unchanged	3.3 Employees (FTE) 2025: 3.3 ▼ 0.3 vs 2024 (3.6) Unchanged	▼ 0.3

By gross margin, E.C.O. ranks 6th of 16 companies with main activity “Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit” in Elsene that publish figures (fiscal year 2025).

Key figures of E.C.O., 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.

Ask about E.C.O. the way you would ask their accountant.

Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.

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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:

Oct 15, 2026 New annual accounts for financial year 2025: profit of € 76,633 (▼ 48% vs 2024). filed late Source: NBB ↗
Mar 17, 2015 New establishment in Etterbeek. KBO
Nov 23, 1989 New establishment in Elsene. KBO
Jul 3, 1989 Start of the company according to the CBE. KBO

In short

From € 13,762 profit in 2022 to € 76,633 profit in 2025.

Paid € 120,173 in corporate taxes since 2022.

Best year ever: 2024, with € 146,702 profit.

On average € 66,100 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

9RENOZEN 100%

ALEXIMMO 100%

The stake of 9RENOZEN, ALEXIMMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

E.C.O.

Behind E.C.O. are Mihaela Bobeica and Geoffrey Letizia. The shares are held by 9RENOZEN (100%) and ALEXIMMO (100%).

Directors

According to the 2025 annual accounts

Mihaela Bobeica

Director

Also active at: ALEXIMMO

Geoffrey Letizia

Director

Also active at: ALEXIMMO

Shareholders

9RENOZEN

100%

ALEXIMMO

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Vleurgatse Steenweg 320

1050 Elsene

2.242.244.575

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 →

ALEXIMMO same network

€ 109,145 gross margin · 2025

OFUITE

€ 47,054 gross margin · 2025

DOMENICA SG

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

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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

View on CBE Public ↗ Annual accounts (NBB) ↗

E.C.O.

Financials

Ask about E.C.O. the way you would ask their accountant.

What happened to E.C.O.?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Similar companies in Elsene

Details

Frequently asked questions