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.
-
Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ECOSTAL from Soumagne, company number BE0806747119, closed financial year 2025 with a result of € -3 million after tax. For that financial year ECOSTAL recorded revenue of € 32.5 million and equity of € 27.1 million. Compared with financial year 2024, the result moved from € -2.8 million to € -3 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 July 23, 2026.
€ 27.1 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3 million
▼ 5 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.5 million
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 8.9 million.
People and assets in 2025
11.4
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 782,266
▲ 9% vs 2024
€ 68,600 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.
€ 149,993
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 67.2 million
€ 129,061 is repaid this year. At this pace the long-term loan is gone in ≈ 483 years.
€ 4.1 million
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 48 days on average.
€ 391,959
▼ 23% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 48,151,400 | € 108,313,465 | € 32,486,151 | € 32,468,030 | |
| Profit after taxes | € 3,158,502 | € 11,922,845 | € -2,823,028 | € -2,971,440 | ▼ € 148,412 |
| Equity | € 5,059,406 | € 11,634,234 | € 30,085,619 | € 27,111,838 | ▼ 10% |
| Total debts | € 18,582,582 | € 29,589,546 | € 91,576,386 | € 93,944,440 | ▲ 3% |
| Cash | € 649,445 | € 786,467 | € 1,752,723 | € 1,525,957 | ▼ 13% |
| Land & buildings | € 2,496,938 | € 3,603,838 | - | - | |
| Retained profit | € 4,810,948 | € 11,420,161 | € 11,907,086 | € 8,935,646 | ▼ 25% |
| Dividend | € 2,000,000 | € 5,000,000 | € 0 | € 0 | |
| Bank debt | € 11,339,187 | € 13,523,749 | € 67,401,238 | € 67,241,516 | |
| Balance sheet total | € 23,641,987 | € 41,223,780 | € 121,670,728 | € 121,056,278 | ▼ 1% |
| Employees (FTE) | 7 | 9.4 | 11.8 | 11.4 | ▼ 0.4 |
Key figures of ECOSTAL, fiscal years 2021 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 ECOSTAL?
What happened at ECOSTAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ecostal Group SA stepped down as director. NBB
- Thema Invest SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3 million. Source: NBB ↗
- Ecostal Group SA became a director. NBB
- Thema Invest SA became a director. NBB
- New establishment in Soumagne. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.2 million profit in 2021 to € 3 million loss in 2025.
Paid € 5.2 million in corporate taxes since 2021.
Best year ever: 2022, with € 11.9 million profit.
Paid out € 7 million in dividends to the owners in total.
A new publication or filing at ECOSTAL? We notify you, reason included.
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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
The stake of ECOSTAL GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ECOSTALThe shares are held by ECOSTAL GROUP (100%). It owns 100% of Project 0, 100% of ECOSTAL FRANCE, 100% of ReXGen SA and 100% of YOMATEC SAS itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Loic-Marie Pequignot
Also active at: PROJECT 0, SIGUESOL, SOLARECYCLE
since 2024 · until 2030
Director · represented by Dauvister Stéphane
Also active at: AMECAM, VANCOINVEST, CARGO LIFTING, IMMOFIDES, VAN CONVERSION, DL PROJECT, DLG IMMO, BRONROMME +19 more
since 2023 · until 2029
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Rue du Relais(CER) 1
4632 Soumagne
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 →DL PROJECT same network
€ 7,821 gross margin · 2025
DLG IMMO same network
€ 26,484 gross margin · 2025
DLG CONSTRUCTION same network
€ 77,014 gross margin · 2025
ECOSTAL GROUP same network
€ 3.7 million revenue · 2025
SART GARE IMMO same network
€ 1.1 million gross margin · 2025
+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
- 0806.747.119
- VAT number
- BE 0806.747.119
- Registered office
- Rue du Relais(CER) 1, 4632 Soumagne
- Names & denominations
- ECOSTAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 September 2008
- Peppol
- Active · Active since 20 Nov 2020
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