Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2024.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
ECUHOLD from Antwerpen, company number BE0460849374, closed financial year 2025 with a result of € 21.3 million after tax. For that financial year ECUHOLD recorded revenue of € 10,092 and equity of € 85.5 million. Compared with financial year 2024, the result moved from € 27.9 million to € 21.3 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 14, 2025.
€ 85.5 million
▼ 36% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 21.3 million
▼ 24% vs 2024
Profit after tax over the fiscal year.
€ 14.9 million
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 70 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
15.8
▼ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.9 million
▲ 10% vs 2024
€ 186,000 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.
€ 373,963
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13.3 million
▼ 25% vs 2024
Loans from banks and other lenders, long and short.
€ 3.6 million
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 167 days on average.
€ 309,685
▼ 42% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 29,108 | € 27,836 | € 27,841 | € 10,092 | ▼ 64% |
| Profit after taxes | € 48,297,072 | € 51,177,516 | € 27,906,901 | € 21,250,483 | ▼ 24% |
| Equity | € 95,140,491 | € 106,318,007 | € 134,224,908 | € 85,475,391 | ▼ 36% |
| Total debts | € 61,784,463 | € 103,210,355 | € 86,233,292 | € 129,440,735 | ▲ 50% |
| Cash | € 3,939,013 | € 6,438,864 | € 14,612,941 | € 14,912,202 | ▲ 2% |
| Retained profit | € 83,038,024 | € 94,215,539 | € 122,122,440 | € 73,372,923 | ▼ 40% |
| Dividend | € 0 | € 40,000,000 | € 0 | € 70,000,000 | |
| Bank debt | € 7,628,263 | € 5,404,552 | € 17,886,810 | € 13,337,881 | ▼ 25% |
| Balance sheet total | € 158,582,621 | € 211,049,492 | € 221,742,407 | € 216,453,857 | ▼ 2% |
| Employees (FTE) | 15.7 | 14.9 | 17.9 | 15.8 | ▼ 2.1 |
Key figures of ECUHOLD, 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 October 2026.
What happened to ECUHOLD?
What happened at ECUHOLD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Saleem Mohamed Nazir Mohamedhusein stepped down as director. NBB
- Simon Bajada stepped down as director. NBB
- Simon Sachu stepped down as director. NBB
- Hetal Madhukant Gandhi stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 21.3 million (▼ 24% vs 2024). Source: NBB ↗
- Nishil Nath became a director. NBB
- Hetal Madhukant Gandhi became a director. NBB
- Simon Bajada became a director. NBB
In short
From € 48.3 million profit in 2022 to € 21.3 million profit in 2025.
Paid € 1.8 million in corporate taxes since 2022.
Best year ever: 2023, with € 51.2 million profit.
Paid out € 110 million in dividends to the owners in total.
A new publication or filing at ECUHOLD? We notify you, reason included.
Follow ECUHOLDDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
Behind ECUHOLD is Nishil Nath. The shares are held by AGL nv (100%) and Ecu Worldwide NV (0%). It owns 100% of ECU-WORLDWIDE (NETHERLANDS) BV (volgens het consolidatiepackage), 100% of Prism Global Ltd (volgens het consolidatiepackage), 100% of Prism Global LLC (volgens het consolidatiepackage), 100% of ECU WORLDWIDE (GERMANY) Gmbh (volgens het consolidatiepackage), 100% of ECU WORLDWIDE (URUGUAY) S.A. (volgens het consolidatiepackage) and 100% of ECU-WORLDWIDE (UK) Ltd. (volgens het consolidatiepackage) itself.
Directors
According to the 2025 annual accounts
Nishil Nath
Director
since 2025
since 2024 · until 2026
Simon Sachu
Director
since 2024 · until 2026
Hetal Madhukant Gandhi
Director
since 2024 · until 2026
Saleem Mohamed Nazir Mohamedhusein
Director
Also active at: Antwerp Freight Station, AGL, ECU WORLDWIDE
since 2023 · until 2029
Shareholders
100%
Participations
ECU-WORLDWIDE (NETHERLANDS) BV (volgens het consolidatiepackage)
100%
Prism Global Ltd (volgens het consolidatiepackage)
100%
Prism Global LLC (volgens het consolidatiepackage)
100%
ECU WORLDWIDE (GERMANY) Gmbh (volgens het consolidatiepackage)
100%
ECU WORLDWIDE (URUGUAY) S.A. (volgens het consolidatiepackage)
100%
ECU-WORLDWIDE (UK) Ltd. (volgens het consolidatiepackage)
100%
ADMINISTRADORA HOUSE LINE C.A. (volgens het consolidatiepackage)
100%
Eculine Worldwide Logistics Co. LTD Cambodia (volgens het consolidatiepackage)
100%
INTEGRITY ENTERPISES PTY LTD. (volgens het consolidatiepackage)
100%
ECU WORLDWIDE (MALAYSIA) SND. Bhd. (volgens het consolidatiepackage)
100%
ECU WORLDWIDE (COLOMBIA) S.A.S. (volgens het consolidatiepackage)
100%
ECULINE WORLDWIDE LOGISTICS CO. LTD. (volgens het consolidatiepackage)
100%
Asia Line Ltd. (volgens het consolidatiepackage)
100%
ELWA GHANA Ltd. (volgens het consolidatiepackage)
100%
Allcargo Logistics FZE (volgens het consolidatiepackage)
100%
ECU INTERNATIONAL FAR EAST Ltd. (volgens het consolidatiepackage)
100%
ECU-WORLDWIDE CANADA Inc. (volgens het consolidatiepackage)
100%
ECU-WORLDWIDE ITALIA srl. (volgens het consolidatiepackage )
100%
ECU WORLDWIDE (JAPAN) Ltd. (volgens het consolidatiepackage)
100%
FLAMINGO LINE DEL PERU SA (volgens het consolidatiepackage)
100%
FCL Marine Agencies BV (volgens het consolidatiepackage)
100%
ECU-WORLDWIDE (CZ) S.R.O. (volgens het consolidatiepackage)
100%
ECU WORLDWIDE (PANAMA) SA (volgens het consolidatiepackage)
100%
ECU-WORLDWIDE COTE D'IVOIRE Sarl (volgens het consolidatiepackage)
100%
ECU-WORLDWIDE (POLAND) SP Z.O.O. (volgens het consolidatiepackage)
100%
GULDARY S.A. (volgens het consolidatiepackage)
100%
ECU-WORLDWIDE NEW ZEALAND Ltd. (volgens het consolidatiepackage)
100%
ECU-WORLDWIDE SOUTH AFRICA (Pty.) Ltd. (volgens het consolidatiepackage)
100%
STAR EXPRESS COMPANY LTD. (volgens het consolidatiepackage)
100%
ECU-WORLDWIDE (KENYA) Ltd. (volgens het consolidatiepackage)
100%
ECU-LINE SPAIN S.L. (volgens het consolidatiepackage)
100%
ECU-WORLDWIDE (SINGAPORE) Pte. Ltd. (volgens het consolidatiepackage)
100%
ECU-LINE PERU S.A. (volgens het consolidatiepackage)
100%
ECU WORLDWIDE (MAURITIUS) Ltd. (volgens het consolidatiepackage)
100%
ECU-WORLDWIDE VIETNAM JOINT VENTURE COMPANY Ltd. (volgens het consolidatiepackage)
100%
Ecu Worldwide Servicios SA de CV (volgens het consolidatiepackage)
100%
ECU-WORLDWIDE (HONG KONG) Ltd. (volgens het consolidatiepackage)
100%
CELM LOGISTICS SA de CV (volgens het consolidatipackage)
100%
ECU WORLDWIDE (ECUADOR) S.A. (volgens het consolidatiepackage)
100%
ECU-LINE ALGERIE Sarl (volgens het consolidatiepackage)
99.9%
Ecu Worldwide Logistics Do Brasil Ltda (volgens het consolidatiepackage)
99.8%
ECU-WORLDWIDE (PHILIPINNES) Inc. (volgens het consolidatiepackage)
99.4%
ECU WORLDWIDE TURKEY TASIMACILIK Ltd. Sti. (volgens het consolidatiepackage)
99%
FLAMINGO LINE DEL ECUADOR SA (volgens het consolidatiepackage)
99%
ECU WORLDWIDE (UGANDA) Ltd. (volgens het consolidatiepackage)
99%
ECU-LINE ABU DHABI LLC (volgens het consolidatiepackage)
99%
ECU WORLDWIDE MOROCCO S.A. (volgens het consolidatiepackage)
98.9%
Ecu Worldwide CEE S.R.L. (volgens het consolidatiepackage)
95%
ECU WORLDWIDE (ARGENTINA) SA (volgens het consolidatiepackage)
90%
ECU-LINE MIDDLE EAST LLC (volgens het consolidatiepackage)
86%
EUROCENTRE FZCO (volgens het consolidatiepackage)
84.6%
ECU WORLDWIDE (CHILE) S.A. (volgens het consolidatiepackage)
80%
Ecu-Line Saudi-Arabia LLC (volgens het consolidatiepackage)
70%
Ecu-Line Zimbabwe (Pvt) Ltd. (volgens het consolidatiepackage)
70%
PT Ecu Worldwide Indonesia (volgens het consolidatiepackage)
67%
ECU WORLDWIDE (GUATEMALA) S.A. (volgens het consolidatiepackage)
66.7%
ECU WORLDWIDE (EL SALVADOR)S.P.Z.o.o. SA DE CV (volgens het consolidatiepackage)
66%
ECU-WORLDWIDE AUSTRALIA Pty. Ltd. (volgens het consolidatiepackage)
60%
ECU WORLDWIDE EGYPT Ltd. (volgens het consolidatiepackage)
55%
ECU-WORLDWIDE (CYPRUS) Ltd. (volgens het consolidatiepackage
55%
FCL Marine Agencies Bremen gmbh (volgens het consolidatiepackage)
50%
Fasder SA (volgens het consolidatiepackage)
50%
ECU WORLDWIDE PERU S.A.C. (volgens het consolidatiepackage)
50%
SOCIETE ECU-LINE TUNISIE Sarl (volgens het consolidatiepackage)
49%
ECU-LINE DOHA W.L.L. (volgens het consolidatiepackage)
49%
Allcargo Logistics LLC (volgens het consolidatiepackage)
49%
Ecu Worldwide (Bahrain) Co. W.L.L. (volgens het consolidatiepackage)
49%
ECU-WORLDWIDE (THAILAND) Co. Ltd. (volgens het consolidatiepackage)
49%
Establishments
Establishment units
Physical locations of this company
Schomhoeveweg 15
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →FMA-LINE HOLDING same network
ECU WORLDWIDE (BELGIUM) same network
€ 75.1 million revenue · 2025
Antwerp Freight Station same network
€ 6.3 million revenue · 2025
ECU INTERNATIONAL same network
FCL MARINE AGENCIES BELGIUM same network
€ 1.2 million gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.849.374
- VAT number
- BE 0460.849.374
- Registered office
- Schomhoeveweg 15, 2030 Antwerpen
- Names & denominations
- ECUHOLD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 June 1997
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Logistieke diensten
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige vervoerondersteunende activiteiten
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering