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 7.1 to 2.6.
Financials
Financial year 2025
ECOV from Mechelen, company number BE0452683855, closed financial year 2025 with a result of € 602,854 after tax. For that financial year ECOV recorded revenue of € 17.8 million and equity of € 3.5 million. Compared with financial year 2024, the result moved from € -319,609 to € 602,854. Profitable, and profit is growing. 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 June 5, 2026.
€ 3.5 million
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 602,854
▲ still € 319,609 loss in 2024
Profit after tax over the fiscal year.
€ 2.2 million
▲ 117% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1 million.
People and assets in 2025
2.6
▼ 2.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 43% vs 2024
€ 536,100 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4.3 million
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 78 days on average.
€ 47,832
▼ 69% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,520,823 | € 16,379,820 | € 17,924,359 | € 17,790,403 | ▼ 1% |
| Profit after taxes | € 156,658 | € -157,484 | € -319,609 | € 602,854 | ▲ € 922,464 |
| Equity | € 3,550,338 | € 3,313,795 | € 2,915,418 | € 3,518,272 | ▲ 21% |
| Total debts | € 9,260,810 | € 9,913,818 | € 8,792,800 | € 4,823,506 | ▼ 45% |
| Cash | € 1,814,998 | € 797,483 | € 996,042 | € 2,162,353 | ▲ 117% |
| Retained profit | € 892,511 | € 735,027 | € 415,418 | € 1,018,272 | ▲ 145% |
| Dividend | € 150,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 2,100,000 | € 2,740,000 | € 1,900,000 | € 0 | ▼ 100% |
| Balance sheet total | € 13,003,148 | € 13,611,613 | € 12,284,218 | € 8,823,499 | ▼ 28% |
| Employees (FTE) | 6.1 | 7.1 | 5.4 | 2.6 | ▼ 2.8 |
Key figures of ECOV, 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 ECOV?
What happened at ECOV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alain KONINGS stepped down as director. NBB
- Werner BOSCH stepped down as director. NBB
- STEVEN VERBRAECKEN stepped down as director. NBB
- Mieke HOORENS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 602,854. Source: NBB ↗
- Alain KONINGS became a director. NBB
- Werner BOSCH became a director. NBB
- STEVEN VERBRAECKEN became a director. NBB
In short
From € 156,658 profit in 2022 to € 602,854 profit in 2025.
Paid € 113,436 in corporate taxes since 2022.
Best year ever: 2025, with € 602,854 profit.
Paid out € 150,000 in dividends to the owners in total.
Management
The shares are held by Veolia Environmental Services Belux NV (50%) and Indaver NV (50%).
Directors
According to the 2025 annual accounts
Alain KONINGS
Chairman of the board
Also active at: Slib-en Co - Verwerkings Centrale, E-Wood Energiecentrale
since 2022 · until 2028
since 2022 · until 2028
since 2022 · until 2028
Mieke HOORENS
Director
Also active at: Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken, HYDRO CLEANING INTERNATIONAL, Jacobs, HCO, COMMA
since 2022 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dijle 17A
2800 Mechelen
Dijle 17 A
2800 Mechelen
Active since 3 April 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0452.683.855
- VAT number
- BE 0452.683.855
- Registered office
- Dijle 17A, 2800 Mechelen
- Names & denominations
- ECOV
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 1994
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Groothandel in afval en schroot
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen
Terugwinning van materialen uit afval
Recycling van niet-metaalafval
Terugwinning van inerte afvalstoffen