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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Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2026; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2026
Ecu Global from Antwerpen, company number BE0880356756, closed financial year 2026 with a result of € -8.3 million after tax. For that financial year Ecu Global recorded revenue of € 12,000 and equity of € 87.4 million. Compared with financial year 2025, the result moved from € 68.2 million to € -8.3 million. 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 5, 2026.
€ 87.4 million
▼ 9% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8.3 million
▼ still € 68.2 million profit in 2025
Profit after tax over the fiscal year.
€ 1.1 million
▼ 79% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 75.9 million.
Debts at end 2026
€ 56.5 million
▼ 11% vs 2025
Loans from banks and other lenders, long and short.
€ 478,354
▼ 57% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 239 days on average.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 9,000 | € 11,250 | € 12,000 | € 12,000 | |
| Profit after taxes | € 43,595,507 | € 1,246,456 | € 68,169,263 | € -8,282,563 | ▼ € 76.5 million |
| Equity | € 49,156,270 | € 27,504,759 | € 95,674,022 | € 87,391,459 | ▼ 9% |
| Total debts | € 112,687,877 | € 90,370,212 | € 84,942,776 | € 58,680,969 | ▼ 31% |
| Cash | € 1,224,325 | € 160,098 | € 5,087,381 | € 1,072,881 | ▼ 79% |
| Retained profit | € 37,656,270 | € 16,004,759 | € 84,174,022 | € 75,891,459 | ▼ 10% |
| Dividend | € 9,409,305 | € 22,897,967 | € 0 | € 0 | |
| Bank debt | € 42,000,000 | € 30,400,000 | € 63,753,638 | € 56,520,279 | ▼ 11% |
| Balance sheet total | € 161,844,146 | € 117,874,971 | € 180,616,798 | € 146,072,428 | ▼ 19% |
Key figures of Ecu Global, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Ecu Global?
What happened at Ecu Global in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Niels Nielsen stepped down as director. NBB
- Jan Kleine-Lasthues stepped down as director. NBB
- Jayesh Tanna stepped down as director. NBB
- Territory 5 BV stepped down as director. NBB
- Hetal Gandhi stepped down as director. NBB
- EuroInvest Management NV stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 8.3 million (▼ € 76.5 million vs 2025). Source: NBB ↗
- Simon Bajada stepped down as director. NBB
In short
From € 43.6 million profit in 2023 to € 8.3 million loss in 2026.
Paid € 26,727 in corporate taxes since 2023.
Best year ever: 2025, with € 68.2 million profit.
Paid out € 32.3 million in dividends to the owners in total.
Management
The shares are held by Allcargo Global Limited (100%) and Shashi Kiran Shetty (0%). It owns 100% of East Total Logistics B.V. (volgens het consolidatiepackage), 100% of AGL (geauditeerd maar nog niet goedgekeurd door de AV), 90% of Ecunordicon AB (volgens het consolidatiepackage), 75% of Fair Trade Gmbh (volgens het consolidatiepackage), 75% of Pak Da (HK) Logistics Limited (volgens het consolidatiepackage) and 75% of Gati Asia Pacific Pte Ltd (volgens het consolidatiepackage) itself.
Directors
According to the 2026 annual accounts
Hetal Gandhi
Director
since 2025 · until 2031
Director · represented by Michel Gantois
since 2026 · until 2032
Niels Nielsen
Director
since 2026 · until 2032
Simon Sachu
Director
since 2024 · until 2026
Saleem Mohamed Nazir Mohamedhusein
Director
since 2023 · until 2026
Jan Kleine-Lasthues
Director
since 2026 · until 2032
Mohinder Pal Bansal
Director
since 2023 · until 2025
Adarsh Sudhakar Hegde
Director
since 2023 · until 2025
Vaishnavkiran Shashikiran Shetty
Director
since 2023 · until 2025
Director · represented by Philippe Haspeslagh
Also active at: ZUIDERPARK, HAKOGEL
since 2025 · until 2031
Jayesh Tanna
Director
since 2026 · until 2032
Eddy Bruyninckx
Director
Also active at: AERTSSEN GROUP, SEA-TANK 700 B, Waterstreet, SEA-TANK 510, ANTWERP CONTAINER TERMINAL
since 2025 · until 2026
Shareholders
Allcargo Global Limited
100%
Shashi Kiran Shetty
0%
Participations
East Total Logistics B.V. (volgens het consolidatiepackage)
100%
Ecunordicon AB (volgens het consolidatiepackage)
90%
Fair Trade Gmbh (volgens het consolidatiepackage)
75%
Pak Da (HK) Logistics Limited (volgens het consolidatiepackage)
75%
Gati Asia Pacific Pte Ltd (volgens het consolidatiepackage)
75%
Allcargo Logistics Korea Co. Ltd. (volgens het consolidatiepackage)
49%
ALC Shipping Agency LC (volgens het consolidatiepackage)
49%
Ecu Worldwide (Korea) Co. Ltd. (volgens het consolidatiepackage)
49%
Spechem Supply Chain Management (Asia) Pte. (volgens het consolidatiepackage)
41.3%
Ecu Worldwide BD Limited (volgens het consolidatiepackage)
40%
Trade Xcelerators LLC. (volgens het consolidatiepackage)
20%
Aladin Express DMCC (volgens het consolidatiepackage)
Establishments
Establishment units
Physical locations of this company
Schomhoeveweg 15
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →FMA-LINE HOLDING
ECU WORLDWIDE (BELGIUM)
€ 60.1 million revenue · 2026
Antwerp Freight Station
€ 6.4 million revenue · 2026
ECUHOLD same network
€ 4,215 revenue · 2026
ECU INTERNATIONAL
+3 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
- 0880.356.756
- VAT number
- BE 0880.356.756
- Registered office
- Schomhoeveweg 15, 2030 Antwerpen
- Names & denominations
- Ecu Global
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 2006
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van holdings
Financiële holdings
Holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Diverse administratieve activiteiten ten behoeve van kantoren