Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ECO BELGIUM from Maasmechelen, company number BE0460488001, closed financial year 2025 with a result of € 392,184 after tax. For that financial year ECO BELGIUM recorded a gross margin of € 3.3 million and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 318,245 to € 392,184. 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 July 1, 2026.
€ 2.2 million
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 392,184
▲ 23% vs 2024
Profit after tax over the fiscal year.
€ 201,974
▲ € 185,591 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 € 1.7 million.
People and assets in 2025
20.7
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▲ 14% vs 2024
€ 111,000 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
€ 399,582
▼ 48% vs 2024
Loans from banks and other lenders, long and short.
€ 405,172
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 172,570
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,193,294 | € 2,843,516 | € 2,867,552 | € 3,263,190 | ▲ 14% |
| Profit after taxes | € 59,571 | € 361,973 | € 318,245 | € 392,184 | ▲ 23% |
| Equity | € 1,168,179 | € 1,530,153 | € 1,848,398 | € 2,240,582 | ▲ 21% |
| Total debts | € 3,275,700 | € 2,835,121 | € 2,727,223 | € 2,747,478 | ▲ 1% |
| Cash | € 100,994 | € 166,655 | € 16,383 | € 201,974 | ▲ € 185,591 |
| Land & buildings | € 1,423,120 | € 1,488,075 | € 1,391,955 | € 1,314,111 | ▼ 6% |
| Retained profit | € 593,179 | € 955,153 | € 1,273,398 | € 1,665,582 | ▲ 31% |
| Bank debt | € 588,078 | € 796,869 | € 773,413 | € 399,582 | ▼ 48% |
| Balance sheet total | € 4,443,879 | € 4,365,274 | € 4,575,621 | € 4,988,060 | ▲ 9% |
| Employees (FTE) | 19.1 | 20 | 19.3 | 20.7 | ▲ 1.4 |
Key figures of ECO BELGIUM, 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 ECO BELGIUM?
What happened at ECO BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Turgay Altan stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 392,184 (▲ 23% vs 2024). Source: NBB ↗
- Turgay Altan became a director. NBB
- New establishment in Maasmechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,571 profit in 2022 to € 392,184 profit in 2025.
Paid € 361,724 in corporate taxes since 2022.
Best year ever: 2025, with € 392,184 profit.
On average € 157,600 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Turgay Altan
Director
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Slakweidestraat(M) 37
3630 Maasmechelen
Oude Bunders 2023
3630 Maasmechelen
Active since 30 May 1997
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.488.001
- VAT number
- BE 0460.488.001
- Registered office
- Slakweidestraat(M) 37, 3630 Maasmechelen
- Names & denominations
- ECO BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 April 1997
- Peppol
- Active · Active since 18 Nov 2025
- Activities · NACE
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