E - TECH
ActiveSummary
E - TECH has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €241,427 and a net result of €126. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 50% of 172 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability55▲+42
Solvency65▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.42 against 0.31 in 2023; short-term debt: 19% and cash: 1.3% of total assets), and 60.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Water transport (NACE 50)
about 39% fewer bankruptcies
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
76 d late
2022
53 d late
2021
29 d late
2020
31 d late
2019
121 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 62 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€241,427▲ 0.1%
2023 · €241,301
Total assets
€609,904▼ 0.5%
2023 · €612,855
Net result
€126
2023 · -€39,077
Working capital
-€67,263▼ 0.3%
2023 · -€67,053
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€13,850€127,987€110,223▼ 13.9%-€28,755€11,218
Net result-€3,225€88,277€67,308▼ 23.8%-€39,077€126
Equity€118,422▼ 3.1%€213,070▲ 79.9%€280,379▲ 31.6%€241,301▼ 13.9%€241,427▲ 0.1%
Total assets€353,638▼ 2.9%€481,493▲ 36.2%€709,384▲ 47.3%€612,855▼ 13.6%€609,904▼ 0.5%
Debt€234,967▼ 2.6%€268,423▲ 14.2%€429,005▲ 59.8%€371,554▼ 13.4%€368,476▼ 0.8%
Working capital-€30,494▲ 18.5%€56,170-€47,239-€67,053▼ 41.9%-€67,263▼ 0.3%
Staff (FTE)0.60.1▼ 83.3%0.6▲ 500%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €11,218 after a loss of €28,755 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €609,904
Fixed assets
€561,175 ▼ 3.7%
Current assets
€48,728 ▲ 62.6%
Equity and liabilities €609,904
Equity
€241,427 ▲ 0.1%
Debt
€368,476 ▼ 0.8%
Debt's share of the balance-sheet total falls from 60.6% to 60.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48,986▲
2023 · €3,272
Cash flow
€37,893▲
2023 · -€7,050
Current ratio
0.42▲
2023 · 0.31
Debt to equity
1.53▼
2023 · 1.54
ROE
0.1%▲
2023 · -16.2%
ROA
0.0%▲
2023 · -6.4%
Interest coverage
4.40▲
2023 · 0.32
Debt ≤ 1 year
€115,991▲
2023 · €97,014
Debt > 1 year
€251,685▼
2023 · €274,540
Staff costs
€10,821▲
2023 · €5,351
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,922 | €18,780 | €4,438 | - | - |
| Remuneration, social security and pensions62 | - | €14,250 | €6,612 | €5,351 | €10,821 | ▲ 102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,549 | €23,275 | €27,593 | €32,027 | €37,767 | ▲ 17.9% |
| Other operating charges640/8 | - | €1,429 | €4,000 | €3,769 | €5,238 | ▲ 39.0% |
| Gross operating margin9900 | €12,518 | €166,941 | €148,428 | €12,392 | €65,044 | ▲ 425% |
| Operating profit (loss)9901 | -€13,850 | €127,987 | €110,223 | -€28,755 | €11,218 | ▲ 139% |
| Financial income75/76B | - | €5,181 | €134 | - | €31 | - |
| Recurring financial income75 | €16,328 | €5,181 | €134 | - | €31 | - |
| Financial charges65/66B | - | €5,762 | €9,612 | €10,246 | €11,124 | ▲ 8.6% |
| Recurring financial charges65 | €6,024 | €5,762 | €9,612 | €10,246 | €11,124 | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | -€4,070 | €127,407 | €100,745 | -€39,000 | €126 | ▲ 100% |
| Transfer from deferred taxes780 | - | €483 | - | - | - | - |
| Income taxes67/77 | €248 | €39,612 | €33,436 | €77 | - | - |
| Profit (loss) for the period9904 | -€3,225 | €88,277 | €67,308 | -€39,077 | €126 | ▲ 100% |
| Transfer from tax-exempt reserves789 | - | €249 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€2,663 | €88,525 | €67,308 | -€39,077 | €126 | ▲ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €353,638 | €481,493 | €709,384 | €612,855 | €609,904 | ▼ 0.5% |
| Fixed assets21/28 | €319,037 | €339,809 | €631,963 | €582,894 | €561,175 | ▼ 3.7% |
| Intangible fixed assets21 | €1,222 | - | - | - | - | - |
| Tangible fixed assets22/27 | €317,639 | €339,634 | €631,788 | €582,794 | €561,075 | ▼ 3.7% |
| Land and buildings22 | - | €285,100 | €504,776 | €470,122 | €458,002 | ▼ 2.6% |
| Plant, machinery and equipment23 | - | €14,698 | €92,113 | €99,357 | €91,221 | ▼ 8.2% |
| Furniture and vehicles24 | - | €34,804 | €32,055 | €10,471 | €9,008 | ▼ 14.0% |
| Other tangible fixed assets26 | - | €5,032 | €2,844 | €2,844 | €2,844 | = |
| Financial fixed assets28 | €175 | €175 | €175 | €100 | €100 | = |
| Current assets29/58 | €34,602 | €141,684 | €77,421 | €29,961 | €48,728 | ▲ 62.6% |
| Amounts receivable within one year40/41 | €3,750 | €23,407 | €8,393 | €25,278 | €27,218 | ▲ 7.7% |
| Trade receivables40 | - | €23,407 | €8,200 | - | €1,787 | - |
| Other amounts receivable41 | - | - | €192 | €25,278 | €25,431 | ▲ 0.6% |
| Cash at bank and in hand54/58 | €27,544 | €117,082 | €66,157 | €3,528 | €7,646 | ▲ 117% |
| Deferred charges and accrued income490/1 | - | €1,195 | €2,871 | €1,156 | €13,864 | ▲ 1,099% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €353,638 | €481,493 | €709,384 | €612,855 | €609,904 | ▼ 0.5% |
| Equity10/15 | €118,422 | €213,070 | €280,379 | €241,301 | €241,427 | ▲ 0.1% |
| Contributions10/11 | - | €6,205 | €6,205 | €6,205 | €6,205 | = |
| Outside capital11 | - | €6,205 | €6,205 | €6,205 | - | - |
| Other1109/19 | - | €6,205 | €6,205 | €6,205 | - | - |
| Reserves13 | €112,217 | €206,865 | €274,173 | €274,173 | €274,173 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €205,005 | €272,313 | €272,313 | €272,313 | = |
| Profit (loss) carried forward14 | - | - | - | -€39,077 | -€38,951 | ▲ 0.3% |
| Provisions and deferred taxes16 | €249 | - | - | - | - | - |
| Amounts payable17/49 | €234,967 | €268,423 | €429,005 | €371,554 | €368,476 | ▼ 0.8% |
| Amounts payable after more than one year17 | €169,872 | €174,592 | €304,162 | €274,540 | €251,685 | ▼ 8.3% |
| Financial debts170/4 | - | €174,592 | €304,162 | €274,540 | €251,685 | ▼ 8.3% |
| Amounts payable within one year42/48 | €65,095 | €85,515 | €124,660 | €97,014 | €115,991 | ▲ 19.6% |
| Current portion of amounts payable after more than one year42 | - | €19,628 | €28,965 | €29,622 | €22,854 | ▼ 22.8% |
| Financial debts43 | - | €15,000 | €25,000 | €25,000 | - | - |
| Credit institutions430/8 | - | €15,000 | €25,000 | €25,000 | - | - |
| Trade debts44 | €9,494 | €5,078 | €34,445 | €15,202 | €10,999 | ▼ 27.6% |
| Suppliers440/4 | - | €5,078 | €34,445 | €15,202 | €10,999 | ▼ 27.6% |
| Advances received on contracts in progress46 | - | - | - | €2,500 | €2,500 | = |
| Taxes, remuneration and social security45 | - | €34,398 | €16,171 | €14,093 | €6,080 | ▼ 56.9% |
| Taxes450/3 | - | €34,398 | €16,171 | €14,093 | €6,080 | ▼ 56.9% |
| Other amounts payable47/48 | - | €11,410 | €20,079 | €10,597 | €73,558 | ▲ 594% |
| Accrued charges and deferred income492/3 | - | €8,317 | €183 | - | €800 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,225 | €88,277 | €67,308 | -€39,077 | €126 | ▲ 100% |
| + Depreciation and write-downs630 | €24,549 | €23,275 | €27,593 | €32,027 | €37,767 | ▲ 17.9% |
| Operating cash flow (approximation) | €21,323 | €111,552 | €94,902 | -€7,050 | €37,893 | ▲ 637% |
| Investment in fixed assets (approximation) | - | -€44,048 | -€319,747 | €17,042 | -€16,049 | ▼ 194% |
| Change in cash | - | €89,538 | -€50,924 | -€62,630 | €4,118 | ▲ 107% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €126
Net result €126 after one loss-making year.
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
2023
31-12
Financial
Weakest financial yearnet -€39,077
Net result drops to -€39,077, the lowest in the series; recovery starts the following year.
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 53 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €88,277
Net result €88,277 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.66
Current ratio from 0.53 to 1.66.
31-12
Financial
Equity above €200,000Eq €213,070 ▲79.9%
Equity rises from €118,422 to €213,070.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 121 days late
2019
31-12
Financial
Back to profitnet €24,052
Net result €24,052 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €100,000Eq €122,177 ▲23.8%
Equity rises from €98,655 to €122,177.
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Geel · 1 establishment unit since 1997
Ground area
1,431 m²
Building footprint
254 m²
Volume, LiDAR
910 m³
Parcel 13372A0955/00L012, Flanders · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
E-Tech
since 19972.103.086.296
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13372A0955/00L012 | Flanders | 1,431 m² | 1 · 253 m² | 5.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,783 companies in sector 50200 we hold annual accounts for 2,185. 1,810 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded06-06-1997
Fiscal year end31-12
Activities, NACEBEL 2025
50200Water transport
Contact
Scores and ratios are computed by Checked and are not a credit decision.