1. Belgium Stocks

  2. •

    Industrial services

  3. •

    Environmental services
Ekopak NV

Ekopak NV

EEURONEXT:EKOP
2.60
EUR
+0.10
(+4.00%)
66.25MMarket Cap
Mar 03Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
0.61
0.95
0.88
0.81
1.19
2.43
3.21
2.92
- -
Basic EPS, GAAP
- -
- -
0.03
-0.01
-0.05
-0.13
-0.21
-0.83
-0.79
- -
Free Cash Flow per Basic Share
- -
-0.01
-0.17
-0.17
-0.78
-0.96
-0.81
-2.1
-1.13
- -
Dividend per Share
- -
- -
- -
0.03
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
0.5
0.47
3.95
3.82
3.61
2.78
2.41
2.35
Tangible Book Value per Share
- -
- -
0.5
0.46
3.87
3.37
0.06
-0.61
-0.3
-0.29
Basic Weighted Avg Shares
11
11
11
11
14
15
15
15
18
18
Sales/Revenue/Turnover
- -
7
10
9
11
18
36
48
51
- -
Operating Margin (%)
- -
3.37
6.21
1.35
-5.72
-12.64
-9.38
-27.41
-26.86
- -
Depreciation Expense
- -
- -
- -
1
1
2
7
8
9
- -
Net Income, GAAP
- -
- -
- -
- -
-1
-2
-3
-12
-14
- -
Effective Tax Rate (%)
- -
57.14
33.61
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
0.77
3.12
-0.98
-6.22
-11.21
-8.54
-25.68
-27.05
- -
Working Capital
- -
- -
5
3
45
37
12
-11
-15
-23
LT Debt
2
2
3
3
3
12
37
53
54
54
Total Equity
- -
- -
5
5
59
57
54
41
42
41
Return on Invested Capital (%)
- -
3.17
6.37
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
3.06
6.18
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
11.7
-1.78
-2.2
-3.45
-5.58
-25.83
-33.15
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
27
29
31
LT Borrowings
49
49
50
LT Finance Leases
6
5
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
18
18
Market Capitalization
110
93
66

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
40
39
37
Cash, Cash Equivalents & STI
6
8
6
Accounts Receivable, Net
12
14
13
Inventories
8
8
9
Total Current Liabilities
48
55
60
Payables & Accruals
- -
- -
- -
ST Debt
27
29
31
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
207.76%
2.46%
Free Cash Flow
- -
125.56%
-36.25%
Net Income, GAAP
- -
240.39%
13.03%
Sales/Revenue/Turnover
- -
43.81%
7.31%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
48
2025
- -
- -
51
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.83
2025
- -
- -
-0.79
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Wim Bert R. Messiaen
Full Time Employees
282
Sector
Industrial services
Industry
Environmental services
Address
Souverainestraat 13 Tielt VLG Belgium 9800
IPO Date
Mar 31, 2021
Website
ekopak.be
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Business
Ekopak NV (EKOP.BR) designs, builds, finances, maintains, and operates sustainable industrial water and wastewater treatment solutions worldwide; the company specializes in optimizing water usage through containerized purification units that transform rainwater, surface water, and wastewater into reusable process water via its proprietary Water-as-a-Service (WaaS) model, which offers pay-per-use on-site services minimizing client capital expenditure. Core offerings encompass water treatment for process and drinking water production; wastewater treatment including primary, anaerobic, and aerobic processes with Zero Liquid Discharge (ZLD) technology for 100% reuse; operational services such as maintenance, water analyses, disinfection, pump and chemical services, corrosion control, and resins/ion exchange; green energy and biogas valorization from bio-waste; and REUSE solutions converting municipal effluent into industrial process water. Ekopak serves water-intensive sectors including food and beverage, pharmaceuticals, chemicals, beer, pulp and paper, textiles, and general industry; it operates globally across Europe, Asia Pacific (with offices in Philippines, Thailand, Singapore, India, Indonesia), Africa (Morocco), and the Americas (Mexico, US), employing approximately 285 staff. Founded in 1997 and headquartered in Deinze, Belgium, following a 2025 relocation from Tielt to a new energy-neutral facility, Ekopak listed on Euronext Brussels in 2021. Recent developments include the acquisition of industry peer Global Water & Energy to bolster capabilities; a major capital increase completed in May 2025 with significant share purchases by investors such as Alychlo and Marc Coucke; appointment of Jean-Baptiste De Cuyper as CEO in July 2025, with Pieter Loose transitioning to Chief Strategy & Growth Officer; launch of WaaS Asia and a ZLD contract with Agristo Masa in India in March 2025; and new projects like Closed Circuit Reverse Osmosis for Top Bronnen and installations for Vynova, Prayon, and FrieslandCampina.