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
Ecu Global from Antwerpen, company number BE0880356756, closed financial year 2025 with a result of € 68.2 million after tax. For that financial year Ecu Global recorded revenue of € 12,000 and equity of € 95.7 million. Compared with financial year 2024, the result moved from € 1.2 million to € 68.2 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 14, 2025.
€ 95.7 million
▲ 248% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 68.2 million
▲ € 66.9 million vs 2024
Profit after tax over the fiscal year.
€ 5.1 million
▲ € 4.9 million 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 € 84.2 million.
Debts at end 2025
€ 63.8 million
▲ 110% vs 2024
Loans from banks and other lenders, long and short.
€ 1.1 million
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 480 days on average.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,250 | € 9,000 | € 11,250 | € 12,000 | ▲ 7% |
| Profit after taxes | € -371,588 | € 43,595,507 | € 1,246,456 | € 68,169,263 | ▲ € 66.9 million |
| Equity | € 14,970,067 | € 49,156,270 | € 27,504,759 | € 95,674,022 | ▲ 248% |
| Total debts | € 70,853,715 | € 112,687,877 | € 90,370,212 | € 84,942,776 | ▼ 6% |
| Cash | € 3,841,881 | € 1,224,325 | € 160,098 | € 5,087,381 | ▲ € 4.9 million |
| Retained profit | € 3,470,067 | € 37,656,270 | € 16,004,759 | € 84,174,022 | ▲ € 68.2 million |
| Dividend | € 0 | € 9,409,305 | € 22,897,967 | € 0 | ▼ 100% |
| Bank debt | € 57,768,915 | € 42,000,000 | € 30,400,000 | € 63,753,638 | ▲ 110% |
| Balance sheet total | € 85,823,782 | € 161,844,146 | € 117,874,971 | € 180,616,798 | ▲ 53% |
Key figures of Ecu Global, 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 Ecu Global?
What happened at Ecu Global in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vaishnavkiran Shashikiran Shetty stepped down as director. NBB
- Mohinder Pal Bansal stepped down as director. NBB
- Saleem Mohamed Nazir Mohamedhusein stepped down as director. NBB
- Eddy Bruyninckx stepped down as director. NBB
- Simon Bajada stepped down as director. NBB
- Simon Sachu stepped down as director. NBB
- Adarsh Sudhakar Hegde stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 68.2 million (▲ € 66.9 million vs 2024). Source: NBB ↗
In short
From € 371,588 loss in 2022 to € 68.2 million profit in 2025.
Paid € 12,688 in corporate taxes since 2022.
Best year ever: 2025, with € 68.2 million profit.
Paid out € 32.3 million in dividends to the owners in total.
A new publication or filing at Ecu Global? 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 shares are held by Allcargo Global Logistics Ltd. (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 Pak Da (HK) Logistics Limited (volgens het consolidatiepackage), 75% of Gati Asia Pacific Pte Ltd (volgens het consolidatiepackage) and 75% of Fair Trade Gmbh (volgens het consolidatiepackage) itself.
Directors
According to the 2025 annual accounts
Vaishnavkiran Shashikiran Shetty
Director
since 2023 · until 2029
Mohinder Pal Bansal
Director
since 2023 · until 2029
Simon Sachu
Director
since 2024 · until 2026
Adarsh Sudhakar Hegde
Director
since 2023 · until 2026
since 2023 · until 2029
Eddy Bruyninckx
Director
Also active at: AERTSSEN GROUP, SEA-TANK 700 B, Waterstreet, SEA-TANK 510, ANTWERP CONTAINER TERMINAL
since 2023 · until 2029
Shareholders
Allcargo Global Logistics Ltd.
100%
Shashi Kiran Shetty
0%
Participations
East Total Logistics B.V. (volgens het consolidatiepackage)
100%
Ecunordicon AB (volgens het consolidatiepackage)
90%
Pak Da (HK) Logistics Limited (volgens het consolidatiepackage)
75%
Gati Asia Pacific Pte Ltd (volgens het consolidatiepackage)
75%
Fair Trade Gmbh (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
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€ 75.1 million revenue · 2025
Antwerp Freight Station same network
€ 6.3 million revenue · 2025
ECUHOLD same network
€ 10,092 revenue · 2025
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