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E.T.F.

Active
Private limited companyfounded 2001active for 25 yearsVlaanderenkaai(Kor) 27, 8500 Kortrijk, BelgiumKBO/BCE: BE 0474.572.993
Summary

The computed 12-month bankruptcy probability of E.T.F. is 2.3% (moderate). The 2025 annual accounts show negative equity (-€151,764) and a net result of €31,672. Equity has been growing by about 7.9% per year since 2018. Its solvency ranks better than 5% of 4,798 sector peers (NACE 56, financial year 2025). The company has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 11-04-2001 Normal situation
Activity
Cafés and bars NACE 56301
Establishment unit
2.094.481.210 8500 Kortrijk, since 05-09-2001
Financial year end
31 December
Peppol
Reachable since 11-11-2025

Board and ownership

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.3%
Annual accounts 2025
Gross margin
€36,227
▲ 12×
Turnover
≈ €160,000
estimated
Profit
€31,672
Equity
-€151,764
▲ 17.3%
Total assets
€48,180
▲ 713%
  • Negative equity on 31-12-2025
  • 2025 accounts filed 28 days after the deadline
Filed on 28-08-2026
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Last filed accounts filed 28 days late; 2 of the last 3 accounts latelowers riskFounded in 2001Size: total assets €48,180Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 43% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2024
Weak
Solvency 0=
equity -315.0% of total assets
Liquidity 5+5
short-term debt 415.0% · cash 4.3%
Profitability 100+100
return on assets 65.7%
Bankruptcy probability within 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,778 companies, NACE 56, micro)
Last 24 months 12-2024: 4.2% 01-2025: 4.2%● unchanged vs 12-2024 02-2025: 4.2%● unchanged vs 01-2025 03-2025: 4.2%● unchanged vs 02-2025 04-2025: 4.2%● unchanged vs 03-2025 05-2025: 4.1%▼ -0.1 percentage points vs 04-2025 06-2025: 4.0%▼ -0.1 percentage points vs 05-2025 07-2025: 4.3%▲ +0.3 percentage points vs 06-2025 08-2025: 4.7%▲ +0.4 percentage points vs 07-2025 09-2025: 4.7%● unchanged vs 08-2025 10-2025: 4.7%● unchanged vs 09-2025 11-2025: 5.4%▲ +0.7 percentage points vs 10-2025 12-2025: 5.4%● unchanged vs 11-2025 01-2026: 5.4%● unchanged vs 12-2025 02-2026: 5.4%● unchanged vs 01-2026 03-2026: 5.4%● unchanged vs 02-2026 04-2026: 5.4%● unchanged vs 03-2026 05-2026: 5.3%▼ -0.1 percentage points vs 04-2026 06-2026: 5.2%▼ -0.1 percentage points vs 05-2026 07-2026: 5.4%▲ +0.2 percentage points vs 06-2026 08-2026: 5.9%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 2.3%▼ -3.6 percentage points vs 08-2026lowest value 10-2026: 2.3%● unchanged vs 09-2026lowest value 11-2026: 2.3%● unchanged vs 10-2026lowest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.01 (0.0 in 2024), below 1. Short-term debt is 415% and cash 4.3% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 9% of them on solvency, 6% on liquidity, 93% on profitability and 63% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Last filed accounts filed 28 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 2001
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €48,180
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 4798 sector peers (2025).
NBB · sector comparison
Position among 4798 sector peers
Solvency
better than 5%
← weakest strongest →
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
28 days late
2024
60 days late
2023
92 days late
2022
32 days late
2021
59 days late
2020
60 days late
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 60 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 September (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€151,764 View
  • Caution: Lower solvency than 95% of companies in food and beverage servicesector median 29.8% · 4,798 companies -315.0% View

Recent changes

  1. · Gazette deed Change of role: TOP Emmanuel Gérard, from manager to director
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as E.T.F.: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €40,500 and €52,400, founded between 1999 and 2003.

CompanyTotal assetsGross margin
E.T.F. Kortrijk€48,180€36,227
ABGAR Brussel€45,272€36,209
KIMSA Antwerpen€48,791€35,349
SHKUPJANI Zaventem€44,571€42,360
LE MILLENIUM Liège€49,352€31,177
BUURTHUIS Bierbeek€52,443€39,211
FRACAS Namur€40,528€39,362
Full comparison

Key facts about E.T.F.

What is the company number of E.T.F.?
The company number of E.T.F. is 0474.572.993. The VAT number is the same number with BE in front: BE 0474.572.993.
Where is E.T.F. based?
The registered office is at Vlaanderenkaai(Kor) 27, 8500 Kortrijk.Company details
What does E.T.F. do?
According to the KBO register, the main activity is cafés and bars (NACE 56301).
What is the legal form of E.T.F.?
The legal form of E.T.F. is Private limited company (BV).
When was E.T.F. founded?
E.T.F. was founded on 11-04-2001.
Is E.T.F. still active?
Yes, E.T.F. is an active enterprise in the KBO register.
What is the turnover of E.T.F.?
The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €36,227 and 56 comparable companies (NACE 56301). It probably lies between €110,000 and €200,000.Financials
Is E.T.F. profitable?
In financial year 2025, E.T.F. made a profit of €31,672.
Where can I find the annual accounts of E.T.F.?
E.T.F. filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of E.T.F. due?
E.T.F. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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