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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
49 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
ECARSA SA from Namur, company number BE0873488364, closed financial year 2024 with a result of € -18,572 after tax. For that financial year ECARSA SA recorded a gross margin of € -2,119 and equity of € -2.2 million. Compared with financial year 2023, the result moved from € -9,558 to € -18,572. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ -2.2 million
▼ € 18,572 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -18,572
▼ 94 % more loss than in 2023
Profit after tax over the fiscal year.
€ 583
▼ 63% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3 million.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 2,434
▲ € 2,026 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 2,700
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 61,791 | € -23,973 | € -1,152 | € -2,119 | ▼ € 967 |
| Profit after taxes | € 54,433 | € -26,778 | € -9,558 | € -18,572 | ▼ € 9,014 |
| Equity | € -2,135,056 | € -2,161,835 | € -2,171,392 | € -2,189,964 | ▼ € 18,572 |
| Total debts | € 2,150,818 | € 2,176,155 | € 2,173,197 | € 2,190,547 | ▲ 1% |
| Cash | € 5,896 | € 1,910 | € 1,565 | € 583 | ▼ 63% |
| Retained profit | € -2,956,886 | € -2,983,665 | € -2,993,223 | € -3,011,794 | ▼ € 18,572 |
| Balance sheet total | € 15,761 | € 14,321 | € 1,805 | € 583 | ▼ 68% |
Key figures of ECARSA SA, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ECARSA SA?
What happened at ECARSA SA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- VC Crescendo Holding SA stepped down as director. NBB
- Holding Van Pelt SA stepped down as director. NBB
- Prinvest-B SA stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 18,572. filed late Source: NBB ↗
- VC Crescendo Holding SA became a director. NBB
- Holding Van Pelt SA became a director. NBB
- Prinvest-B SA became a director. NBB
- New establishment in Namur. KBO
In short
From € 54,433 profit in 2021 to € 18,572 loss in 2024.
Best year ever: 2021, with € 54,433 profit.
Management
The stake of V.C. CRESCENDO HOLDING, Prinvest - B, HOLDING VAN PELT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ECARSA SAThe shares are held by V.C. CRESCENDO HOLDING (33.3%), Prinvest - B (33.3%) and HOLDING VAN PELT (33%).
Directors
According to the 2024 annual accounts
Director · represented by Gert VAN CAUWENBERGH
since 2024 · until 2030
since 2024 · until 2030
since 2018 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Joseph Saintraint 1
5000 Namur
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 49 companies are registered at this address.
All companies at this address →PRO HOMEOPATHIA
DRIVEX
€ -1,724 gross margin · 2022
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€ 65,709 gross margin · 2025
CREEL-ARCHITECTES
€ 26,457 gross margin · 2024
Droconcept
€ -19,732 gross margin · 2025
+44 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
- 0873.488.364
- VAT number
- BE 0873.488.364
- Registered office
- Rue Joseph Saintraint 1, 5000 Namur
- Names & denominations
- ECARSA SA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 April 2005
- Peppol
- Active · Active since 21 Oct 2026