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.
-
Shrinking team NBB
FTE fell two years in a row, from 9.8 to 3.6.
-
Busy address KBO
88 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
EconCore from Leuven, company number BE0878425664, closed financial year 2025 with a result of € -515,450 after tax. For that financial year EconCore recorded a gross margin of € 913,637 and equity of € 2.5 million. Compared with financial year 2024, the result moved from € -582,801 to € -515,450. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 21, 2025.
€ 2.5 million
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -515,450
▲ 12 % less loss than in 2024
Profit after tax over the fiscal year.
€ 341,590
▼ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 119,646.
People and assets in 2025
3.6
▼ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 484,519
▼ 27% vs 2024
€ 134,600 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.
€ 372,598
▼ 46% vs 2024
Of which on lease € 369,131.
Debts at end 2025
€ 403,191
▼ 40% vs 2024
€ 225,809 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 87,059
▼ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 56,390
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,630,986 | € 966,930 | € 1,069,980 | € 913,637 | ▼ 15% |
| Profit after taxes | € -98,097 | € -959,032 | € -582,801 | € -515,450 | ▲ € 67,351 |
| Equity | € 5,047,676 | € 4,365,546 | € 3,345,176 | € 2,503,392 | ▼ 25% |
| Total debts | € 1,521,615 | € 2,110,718 | € 1,406,865 | € 1,111,672 | ▼ 21% |
| Cash | € 424,384 | € 242,422 | € 413,068 | € 341,590 | ▼ 17% |
| Retained profit | € 2,176,929 | € 1,217,898 | € 635,097 | € 119,646 | ▼ 81% |
| Bank debt | € 630,714 | € 924,931 | € 667,259 | € 403,191 | ▼ 40% |
| Balance sheet total | € 6,569,292 | € 6,592,766 | € 4,832,381 | € 3,674,456 | ▼ 24% |
| Employees (FTE) | 10.2 | 9.8 | 6 | 3.6 | ▼ 2.4 |
Key figures of EconCore, 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 October 2026.
What happened to EconCore?
What happened at EconCore in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Fritz Schaumann stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 515,450. Source: NBB ↗
- Fritz Schaumann became a director. NBB
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 98,097 loss in 2022 to € 515,450 loss in 2025.
On average € 253,800 of value added per employee in 2025.
A new publication or filing at EconCore? 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 Allegro Investment Fund comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EconCoreBehind EconCore are Bram Perdu, Jochen Pflug, Jan Balcke and Walter Van de Weyer. The shares are held by Allegro Investment Fund (13.7%). It owns 100% of ThermHex Waben GmbH itself.
Directors
According to the 2025 annual accounts
Jochen Pflug
Managing director
Jan Balcke
Director
Walter Van de Weyer
Director
Fritz Schaumann
Director
since 2025 · until 2026
Shareholders
13.7%
Participations
ThermHex Waben GmbH
100%
Establishments
Establishment units
Physical locations of this company
Philipssite 5 box 1
3001 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 88 companies are registered at this address.
All companies at this address →Norgine
€ 19.1 million revenue · 2024
DRAKA BELGIUM
€ 3.4 million revenue · 2025
LOFMA
€ 1.8 million gross margin · 2025
G.I.M. - GEOGRAPHIC INFORMATION MANAGEMENT
€ 7.1 million revenue · 2025
ADVOCATENASSOCIATIE NELISSEN GRADE
€ 477,864 gross margin · 2025
+83 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
econcore.com
Registered
2003-09-19
Registrar
Cronon GmbH
Expires
2026-09-19
Website info
Features
Security
Network
Details
- Company number
- 0878.425.664
- VAT number
- BE 0878.425.664
- Registered office
- Philipssite 5 bus 1, 3001 Leuven
- Names & denominations
- EconCore
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2005
- Peppol
- Active · Active since 12 Dec 2025
- Contact
- econcore.com
- Activities · NACE
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