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Generated 28-06-2026
Active BE 0799.671.364Private limited company

E-THAN SOLUTIONS

Avenue des Dessus de Lives(LO) 2 ·5101 Namur, Belgium· 3 yrs active
Sector: NACE 82920 (82920)
Conclusion Checked

The computed 12-month bankruptcy probability of E-THAN SOLUTIONS is 4.0% (elevated). The 2023 annual accounts show equity of €11k and a net result of €10k. Its solvency ranks better than 83% of 581 sector peers (fiscal year 2023). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €11k
Net result €10k
Better than sector 83%
Active 3 yrs
Snowflake analysis 5 axes · computed by Checked
Health85Profitability99Solvency100Growth50Stability71
81 / 100

Exceptional profile — strong across almost every axis.

Health 85
Profitability 99
Solvency 100
Growth 50
Stability 71
Bankruptcy probability (12 mo) Checked model v1 · free
4.0% Elevated
0%0,5%1,5%4%10%≥25%
Young company +Recent warning signals +Lower-failure-rate sector −

Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
3 / 100
Low risk
Components
· 1 administrative flag (+3)
Trust signals 2 signals
More than 3 years active
Founded in 2023 — past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administrative Flags 1 events
Address struck
Health barometer FY 2023 · computed
85 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 05-09-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 82 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 73.3% 48.2%
better than 83% of 581 sector peers
Net result €10k €18k
better than 38% of 580 sector peers
Equity €11k €26k
better than 28% of 581 sector peers
Gross operating margin €16k €33k
better than 31% of 581 sector peers
Total assets €16k €65k
better than 10% of 582 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2023
Revenue€71k
EBITDA—
Net profit€10k
Cash flow—
Staff costs—
Income taxes€5k
Dividends—
Total assets€16k
Equity€11k
Debt€4k
of which ≤ 1y€4k
of which > 1y—
Working capital€11k
Employees (FTE)—
Ratios (computed)
2023
Current ratio3.75
Quick ratio2.69
Working capital ratio73.3%
Solvency73.3%
Debt / equity0.36
Long-term debt ratio—
Interest coverage—
Gross margin21.9%
Net margin14.6%
ROA66.9%
ROE91.2%
EBITDA margin—
Days sales outstanding4d
Days payable outstanding1d
Inventory turnover12.59
Days inventory (DSI)29d
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet — Assets
TOTAL ASSETS 20/58€16k
Current assets 29/58€16k
Stocks & contracts in progress 3€4k
Amounts receivable within one year 40/41€8k
Cash & bank 54/58€3k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€16k
Equity 10/15€11k
Contributions / capital 10/11€1k
Accumulated profits (losses) 14€10k
Amounts payable 17/49€4k
Amounts payable within one year 42/48€4k
Trade debts payable within one year 44€93
Income statement
Turnover 70€71k
Gross operating margin 9900€16k
Operating result 9901€16k
Financial income 75€9
Financial charges 65€59
Result before taxes 9903€16k
Income taxes 67/77€5k
Net result for the period 9904€10k
Result to be appropriated 9905€10k
Ratios computed by Checked.
Legal Structure
NACE primary 82920
Legal form Private limited company(610)
Incorporation17-03-2023
StatusActive
Postal code5101
Establishment units 1 location
ETS Solutions
Avenue des Dessus de Lives(LO) 2, 5101 NamurVervaardiging van houten emballage
since 20232.342.989.468
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92078A0002/02G002 Wallonia 2,634 m² 1 · 1,021 m² 18.2 m · 5 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates 3 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
04-04-2025
KBO administration Address strikeout main
04-04-2025
KBO administration Address strikeout main
2024
05-09-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
Lifecycle & Insolvency Signals 1 events
04-04-2025
KBO administration Address strikeout main
 · Publications in State Gazette ↗
Time machine — BS events + macro context 2021 — 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-04-04 · KBO administration · Address strikeout main
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023–2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Verpakkingsbedrijven82920Activiteiten van verpakkingsbedrijven82920Vervaardiging van houten emballage16240Vervaardiging van houten emballage16240Handelsbemiddeling in goederen, algemeen assortiment46190Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameFR E-THAN SOLUTIONS
AbbreviationFR E.T.S.
Registered office
Avenue des Dessus de Lives(LO) 2
5101 Namur, Belgium
Registration history
  1. 04-04-2025 Address strikeout main
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative