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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ECAVEE from Celles (lez-Tournai), company number BE0466768651, closed financial year 2025 with a result of € -583,334 after tax. For that financial year ECAVEE recorded a gross margin of € 411,395 and equity of € 2.1 million. Compared with financial year 2024, the result moved from € -758,561 to € -583,334. 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 September 21, 2026.
€ 2.1 million
▼ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -583,334
▲ 23 % less loss than in 2024
Profit after tax over the fiscal year.
€ 253,213
▲ € 221,386 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.9 million.
People and assets in 2025
4.8
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 451,758
▲ 28% vs 2024
€ 94,100 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.
€ 239,650
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 121,948
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 68,987
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -239,616 | € -20,417 | € 169,606 | € 411,395 | ▲ 143% |
| Profit after taxes | € -643,376 | € -534,228 | € -758,561 | € -583,334 | ▲ € 175,228 |
| Equity | € 4,024,756 | € 3,490,528 | € 2,731,967 | € 2,148,633 | ▼ 21% |
| Total debts | € 4,026,261 | € 5,611,168 | € 5,689,034 | € 5,517,509 | ▼ 3% |
| Cash | € 41,392 | € 28,683 | € 31,827 | € 253,213 | ▲ € 221,386 |
| Land & buildings | € 5,670,542 | € 5,682,822 | € 5,327,345 | € 4,976,368 | ▼ 7% |
| Retained profit | € -121,244 | € -613,472 | € -1,330,033 | € -1,871,367 | ▼ € 541,334 |
| Bank debt | € 615,338 | € 375,177 | € 127,093 | € 0 | ▼ 100% |
| Balance sheet total | € 8,051,017 | € 9,101,696 | € 8,421,001 | € 7,666,142 | ▼ 9% |
| Employees (FTE) | 0.3 | 0.2 | 4.3 | 4.8 | ▲ 0.5 |
Key figures of ECAVEE, 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 ECAVEE?
What happened at ECAVEE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- OLIVIA ADINS stepped down as director. NBB
- 2INVEST SA stepped down as director. NBB
- ANTHONY ADINS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 583,334. filed late Source: NBB ↗
- OLIVIA ADINS became a director. NBB
- 2INVEST SA became a director. NBB
- ANTHONY ADINS became a director. NBB
- New establishment in Celles (lez-Tournai). KBO
In short
From € 643,376 loss in 2022 to € 583,334 loss in 2025.
Paid € 405 in corporate taxes since 2022.
On average € 85,700 of value added per employee in 2025.
Management
The stake of TransUniverse Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ECAVEEThe shares are held by TransUniverse Group (100%).
Directors
According to the 2025 annual accounts
OLIVIA ADINS
Managing director
Also active at: WELPA TRANS, TRANSUNIVERSE Forwarding, APMEX, JOA SERVICES, TransUniverse Group
since 2022 · until 2028
2INVEST SA
Director · represented by FRANK ADINS
since 2022 · until 2028
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Haute (C) 1
7760 Celles (lez-Tournai)
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.768.651
- VAT number
- BE 0466.768.651
- Registered office
- Rue Haute (C) 1, 7760 Celles (lez-Tournai)
- Names & denominations
- ECAVEE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 1999
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Verschaffen van overig logies voor kortstondig verblijf
Gites, vakantiewoningen en -appartementen
Ondersteunende activiteiten in verband met de veeteelt
Diensten in verband met de veeteelt, exclusief veterinaire dienstverlening
Organisatie van congressen en beurzen
Organisatie van salons, tentoonstellingen en beurzen