Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Ekopak from Deinze, company number BE0461377728, closed financial year 2025 with a result of € -18.2 million after tax. For that financial year Ekopak recorded revenue of € 17.7 million and equity of € 30.3 million. Compared with financial year 2024, the result moved from € -17 million to € -18.2 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 19, 2026.
€ 30.3 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -18.2 million
▼ 7 % more loss than in 2024
Profit after tax over the fiscal year.
€ 154,266
▼ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -47.2 million.
People and assets in 2025
121.5
▲ 7.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11.6 million
▲ 35% vs 2024
€ 95,800 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.
€ 11.8 million
▲ 36% vs 2024
Of which on lease € 11.4 million.
Debts at end 2025
€ 68.7 million
▲ 4% vs 2024
€ 7.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 7.4 million
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 136 days on average.
€ 1.7 million
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,605,709 | € 16,974,645 | € 17,408,447 | € 17,729,679 | ▲ 2% |
| Profit after taxes | € -2,628,326 | € -5,773,109 | € -16,984,368 | € -18,166,321 | ▼ € 1.2 million |
| Equity | € 55,489,772 | € 49,787,912 | € 33,062,294 | € 30,341,555 | ▼ 8% |
| Total debts | € 19,462,045 | € 49,944,401 | € 82,653,961 | € 84,039,691 | ▲ 2% |
| Cash | € 22,161,603 | € 4,429,351 | € 1,252,086 | € 154,266 | ▼ 88% |
| Land & buildings | € 4,739,513 | € 7,692,007 | € 13,332,859 | € 29,223,622 | ▲ 119% |
| Retained profit | € -6,297,216 | € -12,070,326 | € -29,054,694 | € -47,221,015 | ▼ € 18.2 million |
| Bank debt | € 12,342,741 | € 38,695,526 | € 65,988,185 | € 68,693,641 | ▲ 4% |
| Balance sheet total | € 75,202,783 | € 100,023,146 | € 116,112,021 | € 114,495,500 | ▼ 1% |
| Employees (FTE) | 87.9 | 105.9 | 113.8 | 121.5 | ▲ 7.7 |
Key figures of Ekopak, 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 Ekopak?
What happened at Ekopak in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- REGINE SLAGMULDER BV stepped down as director. NBB
- QUILAUDEM BV stepped down as director. NBB
- CRESCEMUS BV stepped down as director. NBB
- MARFA CONSULT BV stepped down as director. NBB
- Tim De Maet stepped down as director. NBB
- DEVUMA BV stepped down as director. NBB
- PILOVAN BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 18.2 million. Source: NBB ↗
In short
From € 2.6 million loss in 2022 to € 18.2 million loss in 2025.
Paid € 11,838 in corporate taxes since 2022.
Pays suppliers within 136 days on average.
Management
The stake of CRESCEMUS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EkopakThe shares are held by Alychlo (57.6%), PILOVAN BV (25.5%) and CRESCEMUS. It owns 100% of Covalente sarl, 100% of GLOBAL WATER ENGINEERING, 100% of CIRCEAULAIR MAROC, 100% of Ekopak France sas, 100% of Ekopak Iberia S.L. and 51% of Water-as-a-service Asia PTE LTD itself.
Directors
According to the 2025 annual accounts
Director · represented by De Keukelaere Els
Also active at: KINEPOLIS GROUP, Global Water & Energy
since 2021 · until 2025
since 2025 · until 2029
Director · represented by Van Den Haute Nathalie
Also active at: PAIRI DAIZA, LEDAP, LIZY Belgium, STOETEL, DUMA SPORTS, PADELWORLD, Comate Holding, Comate Ventures +4 more
since 2025 · until 2029
Director · represented by Pieter Bourgeois
Also active at: Immo Sanglier des Ardennes, EnergyVision, ARE², ARE³, OKU Leisure Group, Triginta, SnowWorld International, Désirée Durbuy +6 more
since 2025 · until 2029
Director · represented by Dejaeghere Valerie
since 2025 · until 2029
Tim De Maet
Director
since 2025 · until 2029
Director · represented by De Vuyst Jos
Also active at: STOW INTERNATIONAL, REYNAERS ALUMINIUM, STEELCO INVEST, Stow, MOVU, Stow Belgium
since 2025 · until 2029
Managing director · represented by Pieter Loose
Also active at: ENERGY SAVING SERVICES, Global Water & Energy, EcoFuturInvest
since 2025 · until 2029
Shareholders
Participations
Covalente sarl
100%
CIRCEAULAIR MAROC
100%
Ekopak France sas
100%
Ekopak Iberia S.L.
100%
Water-as-a-service Asia PTE LTD
51%
51%
Establishments
Establishment units
Physical locations of this company
Souverainestraat 13
9800 Deinze
Zuiderring 45
3600 Genk
Active since 1 January 2022
Voortstraat 27
2400 Mol
Active since 1 February 2024
Koningin Astridlaan 29 box 6e verdiep
8200 Brugge
Active since 1 May 2025
Vosveld 17
2110 Wijnegem
Active since 1 May 2025
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
ekopakwater.com
Registered
2021-02-11
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2027-02-11
Website info
Features
Security
Network
Details
- Company number
- 0461.377.728
- VAT number
- BE 0461.377.728
- Registered office
- Souverainestraat 13, 9800 Deinze
- Names & denominations
- Ekopak
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 September 1997
- Peppol
- Active · Active since 27 Oct 2025
- Contact
- ekopakwater.com
- Activities · NACE
Afvalwaterafvoer
Afvalwaterinzameling en -behandeling
Vervaardiging van filtreertoestellen
Overige zakelijke dienstverlening, n.e.g.
Vervaardiging van overige machines voor algemeen gebruik, n.e.g.
Vervaardiging van hogedrukreinigers, zandstraalapparaten en dergelijk reinigingsmaterieel
Overige groothandel
Waterbouw, muv baggerwerken
+9