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 55 % of short-term debt in 2026; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2026
Ecorus Invest III from Gent, company number BE0654849176, closed financial year 2026 with a result of € 87,651 after tax. For that financial year Ecorus Invest III recorded a gross margin of € 209,153 and equity of € 593,251. Compared with financial year 2025, the result moved from € 53,176 to € 87,651. 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 October 2, 2026.
€ 593,251
▲ 17% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 87,651
▲ 65% vs 2025
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 574,651.
Debts at end 2026
€ 10,294
▼ 88% vs 2025
Loans from banks and other lenders, long and short.
€ 91,895
Supplier invoices still open on the last day of the fiscal year.
€ 5,567
▼ 69% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 249,420 | € 134,597 | € 156,391 | € 209,153 | ▲ 34% |
| Profit after taxes | € 98,841 | € 35,041 | € 53,176 | € 87,651 | ▲ 65% |
| Equity | € 417,384 | € 452,424 | € 505,600 | € 593,251 | ▲ 17% |
| Total debts | € 840,135 | € 679,889 | € 567,672 | € 284,164 | ▼ 50% |
| Cash | € 71,920 | € 20,087 | - | - | |
| Retained profit | € 398,784 | € 433,824 | € 487,000 | € 574,651 | ▲ 18% |
| Bank debt | € 356,047 | € 221,863 | € 87,679 | € 10,294 | ▼ 88% |
| Balance sheet total | € 1,259,588 | € 1,132,314 | € 1,073,272 | € 877,415 | ▼ 18% |
Key figures of Ecorus Invest III, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Ecorus Invest III?
What happened at Ecorus Invest III in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 87,651 (▲ 65% vs 2025). Source: NBB ↗
- Eneco Solar BV became a director. NBB
- Eneco Solar Belgium NV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 98,841 profit in 2023 to € 87,651 profit in 2026.
Paid € 94,702 in corporate taxes since 2023.
Best year ever: 2023, with € 98,841 profit.
Management
Behind Ecorus Invest III are Eneco Solar Belgium NV and Eneco Solar BV. The shares are held by Eneco Solar Belgium (100%).
Directors
According to the 2026 annual accounts
Director · represented by Paul Minjauw
Also active at: ENECO SOLAR INVEST 2, Organisatie voor Duurzame Energie-Vlaanderen, SOLAR PANELS BRUSSELS, SMART ENERGY INVEST, SMART HOLDING, CORDEEL-ENECO-SOLAR, ENECO SOLAR ENERGY, SOLAERCO ANTWERPEN +1 more
since 2020
Eneco Solar BV
Director · represented by Erwin Leeuwis
Also active at: ENECO SOLAR INVEST 2, SOLAR PANELS BRUSSELS, SMART ENERGY INVEST, SMART HOLDING, ENECO SOLAR ENERGY, SOLAERCO ANTWERPEN
since 2020
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Poortakkerstraat 25
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →ENECO SOLAR INVEST 2 same network
€ 2.3 million gross margin · 2026
SOLAR PANELS BRUSSELS same network
€ 10,352 gross margin · 2026
SMART ENERGY INVEST same network
€ 1.2 million gross margin · 2026
SMART HOLDING same network
€ -4,254 gross margin · 2026
CORDEEL-ENECO-SOLAR same network
€ 196,377 gross margin · 2026
+4 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
- 0654.849.176
- VAT number
- BE 0654.849.176
- Registered office
- Poortakkerstraat 25, 9051 Gent
- Names & denominations
- Ecorus Invest III
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 May 2016
- Peppol
- Not registered
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen
Handel in elektriciteit