E-TECH BAJO
ActiveThe computed 12-month bankruptcy probability of E-TECH BAJO is 1.9% (moderate). The 2025 annual accounts show equity of €53k and a net result of €39k. Equity is growing by ~108% per year across the filed fiscal years. Its solvency ranks better than 13% of 27619 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+24
Solvency34▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.63 in 2024; short-term debt: 18.2% and cash: 4.5% of total assets), and 91.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
8.7%
Return on assets
6.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 27619 sector peers (2025).
NBB · sector comparisonPosition among 27619 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 5 filingsDeviation from the deadline
2025
18 d late
2024
25 d late
2023
20 d late
2022
31 d late
2021
31 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€53k▲ 283%
2024 · €14k
2021: €-6k
2022: €-12k
2023: €1k
2024: €14k
2021 → 2025
Total assets
€607k▲ 14.0%
2024 · €532k
2021: €562k
2022: €535k
2023: €504k
2024: €532k
2021 → 2025
Net result
€39k▲ 211%
2024 · €13k
2021: €-7k
2022: €-7k
2023: €14k
2024: €13k
2021 → 2025
Working capital
€-20k▲ 17.1%
2024 · €-24k
2021: €-41k
2022: €-55k
2023: €-46k
2024: €-24k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-6k-€-12k▼ 117%€1k€14k▲ 1,009%€53k▲ 283%
Operating result€594-€3k▲ 321%€23k▲ 819%€34k▲ 47.2%€58k▲ 72.4%
Net result€-7k-€-7k▲ 0.6%€14k€13k▼ 7.5%€39k▲ 211%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 72% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €607k
Fixed assets
€517k▲ 5.3%
Current assets
€90k▲ 118%
Equity and liabilities €607k
Equity
€53k▲ 283%
Debt
€554k▲ 6.8%
The debt ratio falls from 97.4% to 91.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€99k▲
2024 · €59k
Cash flow
€80k▲
2024 · €38k
Solvency
8.7%▲
2024 · 2.6%
Current ratio
0.82▲
2024 · 0.63
Quick ratio
0.82▲
2024 · 0.63
Debt / equity
10.43▼
2024 · 37.36
ROE
73.9%▼
2024 · 91.0%
ROA
6.5%▲
2024 · 2.4%
Interest coverage
9.67▲
2024 · 3.73
Debt
€554k▲
2024 · €518k
Debt ≤ 1 year
€110k▲
2024 · €66k
Debt > 1 year
€443k▼
2024 · €452k
Income taxes
€9k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€532k€607k▲
Fixed assets21/28€491k€517k▲
Tangible fixed assets22/27€491k€517k▲
Land and buildings22€363k€355k▼
Plant, machinery and equipment23€64k€83k▲
Furniture and vehicles24€3k€6k▲
Leasing and similar rights25€62k€73k▲
Current assets29/58€41k€90k▲
Amounts receivable within one year40/41€23k€62k▲
Trade receivables40€14k€40k▲
Other amounts receivable41€8k€22k▲
Cash at bank and in hand54/58€18k€28k▲
Deferred charges and accrued income490/1€285€120▼
Equity and liabilities
Total equity and liabilities10/49€532k€607k▲
Equity10/15€14k€53k▲
Contributions10/11€1k€1k=
Reserves13€13k€52k▲
Distributable reserves133€13k€52k▲
Amounts payable17/49€518k€554k▲
Amounts payable after more than one year17€452k€443k▼
Financial debts170/4€452k€443k▼
Amounts payable within one year42/48€66k€110k▲
Current portion of amounts payable after more than one year42€46k€54k▲
Trade debts44€11k€48k▲
Suppliers440/4€11k€48k▲
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€8k€5k▼
Other amounts payable47/48€1k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€40k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€19k€0▼
Gross operating margin9900€79k€100k▲
Operating profit (loss)9901€34k€58k▲
Financial income75/76B€458€301▼
Recurring financial income75€458€301▼
Financial charges65/66B€19k€10k▼
Recurring financial charges65€16k€10k▼
Non-recurring financial charges66B€4k€0▼
Profit (loss) for the period before taxes9903€15k€48k▲
Income taxes67/77€2k€9k▲
Profit (loss) for the period9904€13k€39k▲
Profit (loss) for the period to be appropriated9905€13k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€39k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€13k€39k▲
To other reserves6921€13k€39k▲
The notes to these accounts (7 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Highest result since 2021net €39k ▲211%
Operating result €58k, net result €39k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Kluisbergen · 1 establishment unit since 2020
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.
Beiaardstraat 99690 KluisbergenGround area
460 m²
Building footprint
350 m²
Volume, LiDAR
1,817 m³
Parcel 45058A0370/00G000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
E-TECH BAJO
since 20202.303.809.584
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45058A0370/00G000 | Flanders | 460 m² | 1 · 349 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 8,454 companies in sector 43120 we hold annual accounts for 3,232. 2,514 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-06-2020
Fiscal year end31-12
Abbreviation NL
BV E-TECH
Activities, NACEBEL
43120Site preparation
43212Electrical installation work in industrial facilities
43221Plumbing work
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.