Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
ECOTYS from Herstal, company number BE0807665847, closed financial year 2025 with a result of € 764,673 after tax. For that financial year ECOTYS recorded a gross margin of € -61,471 and equity of € 7.1 million. Compared with financial year 2024, the result moved from € 5.8 million to € 764,673. The company is profitable. 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 May 27, 2026.
€ 7.1 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 764,673
▼ 87% vs 2024
Profit after tax over the fiscal year.
€ 994,295
▲ € 991,640 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 7 million.
Debts at end 2025
€ 6 million
€ 797,437 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 25,305
▲ 228% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 786
▼ 97% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 172,395 | € 114,239 | € -5,631 | € -61,471 | ▼ € 55,840 |
| Profit after taxes | € 99,516 | € 192,420 | € 5,816,987 | € 764,673 | ▼ 87% |
| Equity | € 566,832 | € 509,252 | € 6,326,239 | € 7,090,912 | ▲ 12% |
| Total debts | € 308,388 | € 352,540 | € 6,046,031 | € 6,255,984 | ▲ 3% |
| Cash | € 61,079 | € 47,434 | € 2,655 | € 994,295 | ▲ € 991,640 |
| Retained profit | € 516,372 | € 458,792 | € 6,275,779 | € 7,040,452 | ▲ 12% |
| Dividend | € 160,000 | € 250,000 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 6,000,000 | € 6,000,000 | |
| Balance sheet total | € 875,220 | € 861,792 | € 12,372,270 | € 13,346,895 | ▲ 8% |
Key figures of ECOTYS, 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 ECOTYS?
What happened at ECOTYS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- WHITESTONE GROUP SA stepped down as director. NBB
- SPARAXIS SA stepped down as director. NBB
- Antoine DUCHATEAU stepped down as director. NBB
- MA MA THO MANAGEMENT SRL stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. Source: NBB ↗
- WHITESTONE GROUP SA became a director. NBB
- SPARAXIS SA became a director. NBB
- Antoine DUCHATEAU became a director. NBB
In short
From € 99,516 profit in 2022 to € 764,673 profit in 2025.
Paid € 124,650 in corporate taxes since 2022.
Best year ever: 2024, with € 5.8 million profit.
Paid out € 410,000 in dividends to the owners in total.
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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
Behind ECOTYS is TREESTONE SRL. The shares are held by TREESTONE SRL (90%) and WALLONIE ENTREPRENDRE SA (10%). It owns 100% of TKM INDUSTRIES and PARMECANIQUE itself.
Directors
According to the 2025 annual accounts
Director · represented by Naji EL-MASRI
Also active at: ISO - TECH BELGIUM, PARMECANIQUE, TKM INDUSTRIES
since 2019
Director · represented by Sandro ARDIZZONE
Owns 65.3% via TREESTONE SRL
Also active at: ATIMA-TPIM, TILMAN, NEWTREE, ISO - TECH BELGIUM, Emulco, EMAsphere, TREESTONE, WHITESTONE PROPERTIES +7 more
since 2025 · until 2028
Director · represented by Renaud SCHETTER
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +224 more
since 2025 · until 2028
since 2025 · until 2028
Director · represented by Alain GENARD
Owns 9.9% via TREESTONE SRL
Also active at: ATIMA-TPIM, ISO - TECH BELGIUM, PARMECANIQUE, TKM INDUSTRIES, TREESTONE
since 2025 · until 2028
Shareholders
TREESTONE SRL · holding of MA MA THO MANAGEMENT SRL
90%
Participations
Establishments
Establishment units
Physical locations of this company
Rue des Alouettes 90
4041 Herstal
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0807.665.847
- VAT number
- BE 0807.665.847
- Registered office
- Rue des Alouettes 90, 4041 Herstal
- Names & denominations
- ECOTYS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 November 2008
- Peppol
- Active · Active since 27 Oct 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Installatie van isolatie
Isolatiewerkzaamheden