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.
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| 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.
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 ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. 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.
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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 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.
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 27 Mar 2026
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