Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
E&C Group from Kortrijk, company number BE0873401559, closed financial year 2025 with a result of € 918,700 after tax. For that financial year E&C Group recorded revenue of € 13.8 million and equity of € 2 million. Compared with financial year 2024, the result moved from € 494,353 to € 918,700. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 2 million
▲ 84% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 918,700
▲ 86% vs 2024
Profit after tax over the fiscal year.
€ 365,138
▲ 6% 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 € 1.5 million.
People and assets in 2025
15.6
▼ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▼ 1% vs 2024
€ 122,000 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.
€ 41,037
▼ 53% vs 2024
Of which on lease € 30,742.
Debts at end 2025
€ 827,757
▼ 43% vs 2024
€ 56,995 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 334,547
▼ 77% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 11 days on average.
€ 363,697
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 9,220,298 | € 12,495,123 | € 13,787,674 | ▲ 10% |
| Gross margin | € 1,877,222 | € 1,599,202 | - | - | |
| Profit after taxes | € 241,084 | € -576,191 | € 494,353 | € 918,700 | ▲ 86% |
| Equity | € 678,646 | € 102,455 | € 1,096,808 | € 2,015,508 | ▲ 84% |
| Total debts | € 4,298,812 | € 6,363,690 | € 7,027,482 | € 6,427,365 | ▼ 9% |
| Cash | € 320,489 | € 84,940 | € 344,273 | € 365,138 | ▲ 6% |
| Retained profit | € 669,346 | € 93,155 | € 587,508 | € 1,506,208 | ▲ 156% |
| Bank debt | € 306,445 | € 1,388,601 | € 1,440,275 | € 827,757 | ▼ 43% |
| Balance sheet total | € 4,977,458 | € 6,466,144 | € 8,124,290 | € 8,442,874 | ▲ 4% |
| Employees (FTE) | 16.8 | 17 | 18 | 15.6 | ▼ 2.4 |
Key figures of E&C Group, 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.
Ask about E&C Group the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
Connect ChatGPT or Claude for free- ChatGPT
- Claude
Free account, no payment card. Key figures unlimited, the annual accounts and deeds of 10 companies a month. Need more? Get in touch, we are looking for our first pilot users.
What happened to E&C Group?
What happened at E&C Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 918,700 (▲ 86% vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Kortrijk. KBO
In short
From € 241,084 profit in 2022 to € 918,700 profit in 2025.
Paid € 8,831 in corporate taxes since 2022.
Best year ever: 2025, with € 918,700 profit.
On average € 94,100 of value added per employee in 2023.
Management
The stake of M&E Invest, Cost Reduction Organization, FIKA INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
E&C GroupBehind E&C Group are Fika Invest BV and M&E Invest BV. The shares are held by M&E Invest (47.5%), Cost Reduction Organization (29.2%) and FIKA INVEST (20%). It owns 100% of E&C Canada Inc., 100% of E&C London Ltd., 100% of E&C Services Sp. z o.o., 100% of E&C Consultants Hispania S.L., 100% of E&C Deutschland GmbH and 100% of E&C America Inc itself.
Directors
According to the 2025 annual accounts
Director · represented by Jens Lievens
Director · represented by Benedict De Meulemeester
Shareholders
Participations
E&C Canada Inc.
100%
100%
E&C Services Sp. z o.o.
100%
E&C Consultants Hispania S.L.
100%
100%
E&C America Inc
100%
E&C Central Europe Sp. z.o.o.
100%
E&C Asia Pacific
100%
E&C Nederland BV
100%
E&C France SARL
100%
E&C Iberia SL
26%
Establishments
Establishment units
Physical locations of this company
Spinnerijkaai(Kor) 43
8500 Kortrijk
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.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- PATRICK DEBUSSERÉ(oprichter) 50%
- LUC DE LEERSNYDER(oprichter) 25%
- LUC SOUBRY(oprichter) 25%
Details
- Company number
- 0873.401.559
- VAT number
- BE 0873.401.559
- Registered office
- Spinnerijkaai(Kor) 43, 8500 Kortrijk
- Names & denominations
- E&C Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 April 2005
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Markt- en opinieonderzoek
Marktonderzoekbureaus
Overige gespecialiseerde wetenschappelijke en technische activiteiten
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Managementactiviteiten van holdings
+2