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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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ECG Clinics from Lummen, company number BE0537228956, closed financial year 2025 with a result of € -2.1 million after tax. For that financial year ECG Clinics recorded revenue of € 1.3 million and equity of € 25.1 million. Compared with financial year 2024, the result moved from € -382,980 to € -2.1 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 25.1 million
▲ 91% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.1 million
▼ 457 % more loss than in 2024
Profit after tax over the fiscal year.
€ 836,689
▲ 233% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.7 million.
People and assets in 2025
2.8
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 128,422
▲ 41% vs 2024
€ 45,900 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.
€ 1,159
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 62.6 million
▲ 106% vs 2024
Loans from banks and other lenders, long and short.
€ 93,492
▲ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 21 days on average.
€ 28,052
▲ 108% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 1,209,343 | € 1,247,413 | € 1,274,648 | ▲ 2% |
| Gross margin | € 209,535 | - | - | - | |
| Profit after taxes | € 556,091 | € 476,970 | € -382,980 | € -2,132,584 | ▼ € 1.7 million |
| Equity | € 10,493,019 | € 13,515,989 | € 13,133,008 | € 25,133,896 | ▲ 91% |
| Total debts | € 31,307,415 | € 31,823,882 | € 32,633,232 | € 64,900,034 | ▲ 99% |
| Cash | € 65,120 | € 495,094 | € 251,222 | € 836,689 | ▲ 233% |
| Retained profit | € 381,954 | € 858,924 | € 475,944 | € -1,656,640 | ▼ € 2.1 million |
| Bank debt | € 30,479,167 | € 29,601,190 | € 30,298,334 | € 62,565,097 | ▲ 106% |
| Balance sheet total | € 41,800,434 | € 45,339,870 | € 45,766,240 | € 90,033,930 | ▲ 97% |
| Employees (FTE) | 2.1 | 2.2 | 2 | 2.8 | ▲ 0.8 |
Key figures of ECG Clinics, 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 ECG Clinics?
What happened at ECG Clinics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.1 million. Source: NBB ↗
- T&K Partners BV became a director. NBB
- Shatal BV stepped down as director. NBB
- Shatal BV became a director. NBB
- New establishment in Lummen. KBO
- Start of the company according to the CBE. KBO
In short
From € 556,091 profit in 2022 to € 2.1 million loss in 2025.
Best year ever: 2022, with € 556,091 profit.
On average € 99,800 of value added per employee in 2022.
Pays suppliers within 21 days on average.
Management
The stake of ECG Medical Care, EQUINE CARE GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ECG ClinicsBehind ECG Clinics is T&K Partners BV. The shares are held by ECG Medical Care (99.4%) and EQUINE CARE GROUP (0.6%). It owns 100% of Cedevet Veterinaria S.L.P., 100% of Michael Meulyzer, 100% of Equiception Holdings B.V., 100% of Saito Servico Veterinarios, 100% of Equitom and 100% of Equitom Immmobilier France itself.
Directors
According to the 2025 annual accounts
Director · represented by Tom Mariën
Also active at: SHATAL, EQUINE CARE GROUP, ECG Labs, ECG Medical Care, ECG Nutrition and Supplements, EQUITOM
since 2025
Director · represented by Tom Mariën
Also active at: Michèle Clarysse, DAP SEIFERT CHARLOTTE, EF EQUINE LAMENESS INVESTIGATION & PARTNERS, DESMEDT JEF, ECG Ambulatory Care
since 2021 · until 2025
Shareholders
99.4%
0.6%
Participations
Cedevet Veterinaria S.L.P.
100%
100%
Equiception Holdings B.V.
100%
Saito Servico Veterinarios
100%
100%
Clinica San Biago SRL
100%
Establishments
Establishment units
Physical locations of this company
Paalstraat 8
3560 Lummen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →Equine Vets
€ 158,265 gross margin · 2025
EQUINE CARE GROUP same network
€ 8.4 million revenue · 2025
EC-eenheid
ECG Labs same network
€ 686,126 revenue · 2025
ECG Medical Care same network
€ 6.2 million revenue · 2025
+9 more
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
Online SAS, FR
Domain
Domain
equinecaregroup.com
Registered
2021-07-30
Registrar
Nomeo BV
Expires
2026-07-30
Website info
Features
Security
Details
- Company number
- 0537.228.956
- VAT number
- BE 0537.228.956
- Registered office
- Paalstraat 8, 3560 Lummen
- Names & denominations
- ECG Clinics
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 July 2013
- Peppol
- Active · Active since 6 Oct 2026
- Contact
- equinecaregroup.com
- Activities · NACE
Verhuur en lease van andere machines en werktuigen en andere materiële goederen
Activiteiten van holdings
Holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Diverse administratieve activiteiten ten behoeve van kantoren