E.T.A.
ActiveSummary
E.T.A. has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €160.38M and a net result of €-1.52M. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+2
Solvency100=
Growth39▼-13
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.2 in 2024; short-term debt: 7.1% and cash: 0.1% of total assets), and 17.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.7%
Return on assets
-0.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
7 d late
2023
on the day
2022
on the day
2021
51 d early
2020
1 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€521k▼ 0.2%
2024 · €522k
2023: €593k
2024: €522k
2023 → 2025
EBIT margin
39.9%▼ 174.9pp
2024 · 214.9%
2023: 120.5%
2024: 214.9%
2023 → 2025
Net result
€-1.52M▼ 388%
2024 · €-312k
2018: €-1.38M
2019: €-1.70M
2020: €-1.53M
2021: €-1.07M
2022: €-1.14M
2023: €-417k
2024: €-312k
2018 → 2025
Working capital
€-12.39M▼ 11.8%
2024 · €-11.08M
2018: €-12.14M
2019: €-13.50M
2020: €-12.48M
2021: €-14.47M
2022: €-12.38M
2023: €-11.70M
2024: €-11.08M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€593k€522k▼ 12.0%€521k▼ 0.2%
Equity€96.19M-€103.61M▲ 7.7%€109.21M▲ 5.4%€118.05M▲ 8.1%€160.38M▲ 35.9%
Operating result€-675k-€-1.12M▼ 66.3%€714k€1.12M▲ 57.0%€208k▼ 81.4%
Net result€-1.07M-€-1.14M▼ 6.6%€-417k▲ 63.3%€-312k▲ 25.2%€-1.52M▼ 388%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193.84M
Fixed assets
€192.45M ▲ 27.7%
Current assets
€1.39M ▼ 50.8%
Equity and liabilities €193.84M
Equity
€160.38M ▲ 35.9%
Provisions
€209k ▼ 7.8%
Debt
€33.25M ▼ 5.8%
Debt's share of the balance-sheet total falls from 23.0% to 17.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.48M▼
2024 · €5.04M
Cash flow
€2.75M▼
2024 · €3.60M
Current ratio
0.10▼
2024 · 0.20
Quick ratio
0.03▼
2024 · 0.03
Debt to equity
0.21▼
2024 · 0.30
ROE
-0.9%▼
2024 · -0.3%
ROA
-0.8%▼
2024 · -0.2%
Interest coverage
4.29▲
2024 · 3.82
Debt ≤ 1 year
€13.78M▼
2024 · €13.90M
Debt > 1 year
€18.70M▼
2024 · €20.86M
Income taxes
€702k▲
2024 · €133k
Staff costs
€394k▼
2024 · €406k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet
Code20242025
Assets
Total assets20/58€153.57M€193.84M▲
Fixed assets21/28€150.74M€192.45M▲
Tangible fixed assets22/27€150.74M€192.45M▲
Land and buildings22€150.68M€192.41M▲
Plant, machinery and equipment23€39k€26k▼
Furniture and vehicles24€20k€6k▼
Current assets29/58€2.82M€1.39M▼
Amounts receivable after more than one year29€58k€54k▼
Other amounts receivable291€58k€54k▼
Stocks and contracts in progress3€2.36M€996k▼
Stocks30/36€2.36M€996k▼
Amounts receivable within one year40/41€66k€84k▲
Trade receivables40€61k€80k▲
Other amounts receivable41€5k€5k▼
Cash at bank and in hand54/58€208k€98k▼
Deferred charges and accrued income490/1€129k€158k▲
Equity and liabilities
Total equity and liabilities10/49€153.57M€193.84M▲
Equity10/15€118.05M€160.38M▲
Contributions10/11€131.25M€175.10M▲
Capital10€131.25M€175.10M▲
Issued capital100€131.25M€175.10M▲
Reserves13€1.36M€1.31M▼
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Tax-exempt reserves132€1.31M€1.26M▼
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€-14.56M€-16.03M▼
Provisions and deferred taxes16€227k€209k▼
Deferred taxes168€227k€209k▼
Amounts payable17/49€35.29M€33.25M▼
Amounts payable after more than one year17€20.86M€18.70M▼
Financial debts170/4€20.78M€18.63M▼
Other amounts payable178/9€81k€69k▼
Amounts payable within one year42/48€13.90M€13.78M▼
Current portion of amounts payable after more than one year42€2.31M€2.32M▲
Financial debts43€11.34M€11.11M▼
Credit institutions430/8€11.34M€11.11M▼
Trade debts44€208k€252k▲
Suppliers440/4€208k€252k▲
Taxes, remuneration and social security45€45k€92k▲
Taxes450/3€45k€88k▲
Remuneration and social security454/9-€5k
Accrued charges and deferred income492/3€524k€764k▲
Income statement
Code20242025
Turnover70€522k€521k▼
Goods, raw materials, services and sundry goods60/61€1.85M€1.67M▼
Remuneration, social security and pensions62€406k€394k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.91M€4.27M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€618k▲
Other operating charges640/8€495k€518k▲
Non-recurring operating charges66A€310-
Gross operating margin9900€5.94M€6.01M▲
Operating profit (loss)9901€1.12M€208k▼
Financial income75/76B€53€336▲
Recurring financial income75€53€336▲
Financial charges65/66B€1.32M€1.04M▼
Recurring financial charges65€1.32M€1.04M▼
Profit (loss) for the period before taxes9903€-197k€-837k▼
Transfer from deferred taxes780€18k€18k=
Income taxes67/77€133k€702k▲
Profit (loss) for the period9904€-312k€-1.52M▼
Transfer from tax-exempt reserves789€53k€53k=
Profit (loss) for the period to be appropriated9905€-259k€-1.47M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-14.56M€-16.03M▼
Profit (loss) brought forward from the previous period14P€-14.30M€-14.56M▼
Social balance
Average headcount (FTE)90878.18.0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 7 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100MEq €103.61M ▲7.7%
Equity rises from €96.19M to €103.61M.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-1.70M
Net result drops to €-1.70M, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
20 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herselt · 2 establishment units since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Aarschotsesteenweg 1002230 HerseltGround area
1,530 m²
Building footprint
346 m²
Volume, LiDAR
1,876 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Aarschotsesteenweg 102, 2230 Herselt
since 19912.054.345.083
E 10
since 19992.054.345.182
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13392M1157/00D000 | Flanders | 961 m² | 1 · 220 m² | 8.5 m · 2 fl. |
| 13392K0001/00S000 | Flanders | 569 m² | 1 · 126 m² | 8.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 6,574 EUR awarded · 6,574 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,917 EUR | 1,977 EUR |
| 2024 | 1 | 2,949 EUR | 2,889 EUR |
| 2023 | 1 | 513 EUR | 572 EUR |
| 2022 | 1 | 1,195 EUR | 1,136 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteHerselt2.054.345.083
Similar companies · same sector, comparable size
FINANCIAL ROOSEVELT
BE 0871.060.889
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GROUP MINERVA
BE 0436.440.216
Ukkel · Eq €165.77M
CELSIUS BELGIUM
BE 0635.634.961
Elsene · Eq €139.52M
ATHELEAN
BE 0430.270.521
Knokke-Heist · Eq €133.84M
FUBON ELLIPSE( BELGIUM)
BE 0413.075.686
Sint-Joost-ten-Node · Eq €196.06M
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 191 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-07-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
41001General construction of residential buildings
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
46810Wholesale of solid, liquid and gaseous fuels and related products
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (Her)Benoemingen. Divers. (AOPC-1-12-00059/17.04)