EGETRA
ActiveSummary
EGETRA has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.1m and a net result of €791,513. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 73% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▼-12
Solvency91▲+1
Growth48▼-16
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330,000 at 30 days acceptable
Liquidity ample (current ratio 3.04 against 2.89 in 2023; short-term debt: 32.2% and cash: 25.9% of total assets), and 33.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
66.3%
Return on assets
12.9%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
19 d late
2023
30 d early
2022
12 d early
2021
16 d early
2020
31 d early
2019
27 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 7 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€10.2m▼ 22.6%
2022 · €13.1m
EBIT margin
17.7%▲ 3.9pp
2022 · 13.7%
Net result
€791,513▼ 41.2%
2023 · €1.3m
Working capital
€4.0m▲ 9.8%
2023 · €3.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€9.9m=€10.9m▲ 10.2%€13.1m▲ 21.0%€10.2m▼ 22.6%
Operating result€835,816▲ 15.9%€1.2m▲ 44.9%€1.8m▲ 49.0%€1.8m▼ 0.4%€962,043▼ 46.5%
Net result€659,173▲ 38.4%€918,774above the sector's middle half▲ 39.4%€1.4mabove the sector's middle half▲ 52.3%€1.3mabove the sector's middle half▼ 3.8%€791,513above the sector's middle half▼ 41.2%
EBIT margin8.5%▲ 1.2pp11.1%▲ 2.7pp13.7%▲ 2.6pp17.7%▲ 3.9pp
Equity€4.1m▲ 19.4%€3.2mwithin the sector's middle half▼ 21.7%€4.6mabove the sector's middle half▲ 44.0%€3.7mwithin the sector's middle half▼ 18.6%€4.1mabove the sector's middle half▲ 9.2%
Total assets€5.0m▲ 0.4%€6.8mwithin the sector's middle half▲ 35.4%€7.9mwithin the sector's middle half▲ 15.0%€5.7mwithin the sector's middle half▼ 27.4%€6.1mabove the sector's middle half▲ 7.6%
Debt€1.6m=€3.6m▲ 125%€3.3m▼ 10.3%€2.0m▼ 39.6%€2.1m▲ 4.8%
Working capital€3.4m▲ 0.4%€3.1m▼ 8.2%€4.7m▲ 49.6%€3.7m▼ 21.1%€4.0m▲ 9.8%
Solvency80.6%▲ 12.8pp46.6%within the sector's middle half▼ 34.0pp58.4%within the sector's middle half▲ 11.7pp65.4%above the sector's middle half▲ 7.0pp66.3%within the sector's middle half▲ 0.9pp
Staff (FTE)8.3=7.5within the sector's middle half▼ 9.6%7.5within the sector's middle half=7.5within the sector's middle half=7.3within the sector's middle half▼ 2.7%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 46% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.1m
Fixed assets
€123,705 ▲ 63.5%
Current assets
€6.0m ▲ 6.9%
Equity and liabilities €6.1m
Equity
€4.1m ▲ 9.2%
Debt
€2.1m ▲ 4.8%
Debt's share of the balance-sheet total falls from 34.6% to 33.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€998,509▼
2023 · €1.8m
Cash flow
€827,978▼
2023 · €1.4m
Current ratio
3.04▲
2023 · 2.89
Quick ratio
1.67▲
2023 · 1.47
Debt to equity
0.51▼
2023 · 0.53
ROE
19.4%▼
2023 · 36.1%
ROA
12.9%▼
2023 · 23.6%
Interest coverage
5.93▼
2023 · 445.45
Debt ≤ 1 year
€2.0m▲
2023 · €1.9m
Debt > 1 year
€45,699▲
2023 · €21,241
Income taxes
€115,925▼
2023 · €466,839
Staff costs
€638,598▲
2023 · €618,176
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €10.9m | €13.3m | €10.3m | - | - |
| Turnover70 | €9.9m | €10.9m | €13.1m | €10.2m | - | - |
| Other operating income74 | - | €64,966 | €159,801 | €79,009 | - | - |
| Non-recurring operating income76A | - | - | €5,665 | - | €5,000 | - |
| Operating charges60/66A | - | €9.7m | €11.5m | €8.5m | - | - |
| Goods for resale, raw materials and consumables60 | - | €8.6m | €10.3m | €7.2m | - | - |
| Purchases600/8 | - | €9.3m | €11.2m | €6.1m | - | - |
| Change in stocks: decrease (increase)609 | - | -€744,908 | -€902,635 | €1.1m | - | - |
| Services and other goods61 | - | €540,516 | €574,614 | €614,404 | - | - |
| Remuneration, social security and pensions62 | - | €560,273 | €574,282 | €618,176 | €638,598 | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €74,084 | €49,878 | €43,693 | €42,421 | €36,466 | ▼ 14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€28,154 | - | - | -€23,702 | - |
| Other operating charges640/8 | - | €32,946 | €9,080 | €3,775 | €27,682 | ▲ 633% |
| Gross operating margin9900 | - | - | - | - | €1.6m | - |
| Operating profit (loss)9901 | €835,816 | €1.2m | €1.8m | €1.8m | €962,043 | ▼ 46.5% |
| Financial income75/76B | - | €130,985 | €489,770 | €304,950 | €113,780 | ▼ 62.7% |
| Recurring financial income75 | €140,726 | €130,985 | €489,770 | €304,950 | €113,780 | ▼ 62.7% |
| Income from current assets751 | - | €328 | €6,053 | €18,283 | - | - |
| Other financial income752/9 | - | €130,658 | €483,717 | €286,667 | - | - |
| Financial charges65/66B | - | €107,065 | €406,147 | €288,570 | €168,386 | ▼ 41.6% |
| Recurring financial charges65 | €96,943 | €107,065 | €406,147 | €288,570 | €168,386 | ▼ 41.6% |
| Debt charges650 | €962 | €584 | €1,911 | €4,130 | - | - |
| Other financial charges652/9 | - | €106,481 | €404,235 | €284,440 | - | - |
| Profit (loss) for the period before taxes9903 | €889,848 | €1.2m | €1.9m | €1.8m | €907,437 | ▼ 50.0% |
| Income taxes67/77 | €230,676 | €316,325 | €488,685 | €466,839 | €115,925 | ▼ 75.2% |
| Taxes670/3 | - | €316,325 | €488,685 | €466,839 | - | - |
| Profit (loss) for the period9904 | €659,173 | €918,774 | €1.4m | €1.3m | €791,513 | ▼ 41.2% |
| Profit (loss) for the period to be appropriated9905 | €659,173 | €918,774 | €1.4m | €1.3m | €791,513 | ▼ 41.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.0m | €6.8m | €7.9m | €5.7m | €6.1m | ▲ 7.6% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €145,697 | €112,748 | €117,044 | €75,668 | €123,705 | ▲ 63.5% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €145,642 | €112,693 | €116,990 | €75,613 | €123,651 | ▲ 63.5% |
| Plant, machinery and equipment23 | - | - | €2,089 | €1,245 | €402 | ▼ 67.7% |
| Furniture and vehicles24 | - | €96,263 | €94,993 | €58,316 | €86,493 | ▲ 48.3% |
| Other tangible fixed assets26 | - | €16,430 | €19,908 | €16,052 | €36,756 | ▲ 129% |
| Financial fixed assets28 | €55 | €55 | €55 | €55 | €55 | = |
| Other financial fixed assets284/8 | - | €55 | €55 | €55 | - | - |
| Amounts receivable and cash guarantees285/8 | - | €55 | €55 | €55 | - | - |
| Current assets29/58 | €4.9m | €6.7m | €7.7m | €5.6m | €6.0m | ▲ 6.9% |
| Stocks and contracts in progress3 | €2.6m | €2.9m | €3.8m | €2.8m | €2.7m | ▼ 1.5% |
| Stocks30/36 | - | €2.9m | €3.8m | €2.8m | €2.7m | ▼ 1.5% |
| Goods purchased for resale34 | - | €2.9m | €3.8m | €2.8m | - | - |
| Amounts receivable within one year40/41 | €1.7m | €2.4m | €1.5m | €1.4m | €1.7m | ▲ 21.4% |
| Trade receivables40 | - | €2.4m | €1.5m | €1.4m | €1.5m | ▲ 4.9% |
| Other amounts receivable41 | - | - | - | - | €230,497 | - |
| Cash at bank and in hand54/58 | €1.7m | €1.4m | €2.4m | €1.5m | €1.6m | ▲ 8.9% |
| Deferred charges and accrued income490/1 | - | €49,903 | €15,107 | €14,993 | €14,603 | ▼ 2.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.0m | €6.8m | €7.9m | €5.7m | €6.1m | ▲ 7.6% |
| Equity10/15 | €4.1m | €3.2m | €4.6m | €3.7m | €4.1m | ▲ 9.2% |
| Contributions10/11 | €322,500 | €322,500 | €322,500 | €322,500 | €322,500 | = |
| Capital10 | - | €322,500 | €322,500 | €322,500 | €322,500 | = |
| Issued capital100 | - | €322,500 | €322,500 | €322,500 | €322,500 | = |
| Reserves13 | €126,405 | €126,405 | €126,405 | €126,405 | €126,405 | = |
| Non-distributable reserves130/1 | - | €123,000 | €123,000 | €123,000 | €123,000 | = |
| Legal reserve130 | - | €123,000 | €123,000 | €123,000 | €123,000 | = |
| Tax-exempt reserves132 | - | €3,405 | €3,405 | €3,405 | €3,405 | = |
| Profit (loss) carried forward14 | €3.6m | €2.7m | €4.1m | €3.3m | €3.6m | ▲ 10.4% |
| Amounts payable17/49 | €1.6m | €3.6m | €3.3m | €2.0m | €2.1m | ▲ 4.8% |
| Amounts payable after more than one year17 | - | - | €30,214 | €21,241 | €45,699 | ▲ 115% |
| Financial debts170/4 | - | - | €30,214 | €21,241 | €45,699 | ▲ 115% |
| Credit institutions173 | - | - | €30,214 | €21,241 | - | - |
| Amounts payable within one year42/48 | €1.5m | €3.6m | €3.1m | €1.9m | €2.0m | ▲ 1.4% |
| Current portion of amounts payable after more than one year42 | - | - | €8,897 | €8,974 | €18,590 | ▲ 107% |
| Financial debts43 | - | €62,582 | €83,436 | - | - | - |
| Other loans439 | - | €62,582 | €83,436 | - | - | - |
| Trade debts44 | €1.3m | €3.4m | €2.6m | €1.4m | €1.2m | ▼ 13.9% |
| Suppliers440/4 | - | €3.4m | €2.6m | €1.4m | €1.2m | ▼ 13.9% |
| Taxes, remuneration and social security45 | - | €160,573 | €350,788 | €500,980 | €267,506 | ▼ 46.6% |
| Taxes450/3 | - | €104,012 | €284,382 | €417,613 | €202,126 | ▼ 51.6% |
| Remuneration and social security454/9 | - | €56,562 | €66,406 | €83,367 | €65,380 | ▼ 21.6% |
| Other amounts payable47/48 | - | - | - | - | €450,000 | - |
| Accrued charges and deferred income492/3 | - | €47,850 | €168,221 | €4,102 | €47,773 | ▲ 1,065% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €659,173 | €918,774 | €1.4m | €1.3m | €791,513 | ▼ 41.2% |
| + Depreciation and write-downs630 | €74,084 | €49,878 | €43,693 | €42,421 | €36,466 | ▼ 14.0% |
| Operating cash flow (approximation) | €733,257 | €968,653 | €1.4m | €1.4m | €827,978 | ▼ 40.4% |
| Investment in fixed assets (approximation) | - | -€16,929 | -€47,990 | -€1,045 | -€84,503 | ▼ 7,986% |
| Change in cash | - | -€301,650 | €1.0m | -€910,284 | €129,889 | ▲ 114% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.4m ▲52.3%
Operating result €1.8m, net result €1.4m, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet €476,109 ▼46.6%
Net result drops to €476,109, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 38 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Waregem · 1 establishment unit since 1989
Ground area
6,431 m²
Building footprint
5,359 m²
Volume, LiDAR
32,099 m³
Parcel 34006A0117/00C004, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
NV EGETRA
since 19892.024.774.238
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0117/00C004 | Flanders | 6,430 m² | 1 · 5,359 m² | 11.2 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- ISSOLO
- EGETRA
Highest known parent: ISSOLO. The sources do not say who stands above it.
Owners 1
- ISSOLOparentSourceaccounts ISSOLO 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 4,714 EUR awarded · 347 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,500 EUR | 0 EUR |
| 2024 | 1 | 80 EUR | 80 EUR |
| 2023 | 1 | 134 EUR | 267 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
5493003YP08K4DE8X987
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Of 505 companies in sector 46841 we hold annual accounts for 365. 222 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-03-1984
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46820
46841
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425763979
Also
9925:BE0425763979
Registered
21-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.