ELECTRO TECHNISCH CENTER
ActiveSummary
ELECTRO TECHNISCH CENTER has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.31M and a net result of €141k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 35% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▲+14
Solvency55▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.22 in 2024; short-term debt: 36.5% and cash: 5.8% of total assets), and 70.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
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
29.8%
Return on assets
3.2%
Age of the figures
9 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
30 d early
2023
29 d early
2022
19 d early
2021
25 d early
2020
23 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.31M▲ 1.3%
2024 · €1.29M
2018: €476k
2019: €568k
2020: €739k
2021: €907k
2022: €1.00M
2023: €1.28M
2024: €1.29M
2018 → 2025
Total assets
€4.39M▲ 0.4%
2024 · €4.37M
2018: €1.94M
2019: €2.34M
2020: €2.72M
2021: €3.07M
2022: €4.59M
2023: €4.67M
2024: €4.37M
2018 → 2025
Net result
€141k▲ 1,152%
2024 · €11k
2018: €32k
2019: €92k
2020: €171k
2021: €168k
2022: €157k
2023: €276k
2024: €11k
2018 → 2025
Working capital
€756k▲ 93.4%
2024 · €391k
2018: €248k
2019: €255k
2020: €331k
2021: €451k
2022: €274k
2023: €441k
2024: €391k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€907k-€1.00M▲ 10.4%€1.28M▲ 27.5%€1.29M▲ 0.9%€1.31M▲ 1.3%
Operating result€273k-€252k▼ 7.5%€488k▲ 93.7%€114k▼ 76.6%€302k▲ 165%
Net result€168k-€157k▼ 6.6%€276k▲ 75.6%€11k▼ 95.9%€141k▲ 1,152%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 165% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.39M
Fixed assets
€2.03M ▼ 7.0%
Current assets
€2.36M ▲ 7.9%
Equity and liabilities €4.39M
Equity
€1.31M ▲ 1.3%
Debt
€3.08M ▲ 0.1%
Debt's share of the balance-sheet total falls from 70.5% to 70.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€454k▲
2024 · €266k
Cash flow
€293k▲
2024 · €163k
Current ratio
1.47▲
2024 · 1.22
Quick ratio
0.69▲
2024 · 0.60
Debt to equity
2.36▼
2024 · 2.39
ROE
10.8%▲
2024 · 0.9%
ROA
3.2%▲
2024 · 0.3%
Interest coverage
3.15▲
2024 · 1.90
Debt ≤ 1 year
€1.60M▼
2024 · €1.79M
Debt > 1 year
€1.47M▲
2024 · €1.28M
Income taxes
€75k▲
2024 · €15k
Staff costs
€539k▼
2024 · €614k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.37M€4.39M▲
Fixed assets21/28€2.19M€2.03M▼
Tangible fixed assets22/27€2.18M€2.03M▼
Land and buildings22€1.73M€1.66M▼
Plant, machinery and equipment23€338k€296k▼
Furniture and vehicles24€111k€71k▼
Financial fixed assets28€9k-
Current assets29/58€2.19M€2.36M▲
Stocks and contracts in progress3€1.11M€1.25M▲
Stocks30/36€1.11M€1.25M▲
Amounts receivable within one year40/41€1.00M€798k▼
Trade receivables40€957k€788k▼
Other amounts receivable41€45k€10k▼
Current investments50/53-€36k
Cash at bank and in hand54/58€60k€256k▲
Deferred charges and accrued income490/1€17k€17k▼
Equity and liabilities
Total equity and liabilities10/49€4.37M€4.39M▲
Equity10/15€1.29M€1.31M▲
Contributions10/11€50k€50k=
Reserves13€1.22M€1.23M▲
Distributable reserves133€1.22M€1.23M▲
Profit (loss) carried forward14€23k€23k=
Amounts payable17/49€3.08M€3.08M▲
Amounts payable after more than one year17€1.28M€1.47M▲
Financial debts170/4€1.28M€1.47M▲
Amounts payable within one year42/48€1.79M€1.60M▼
Current portion of amounts payable after more than one year42€189k€193k▲
Financial debts43€1.11M€900k▼
Credit institutions430/8€900k€900k=
Other loans439€214k-
Trade debts44€299k€448k▲
Suppliers440/4€299k€448k▲
Taxes, remuneration and social security45€191k€61k▼
Taxes450/3€134k€20k▼
Remuneration and social security454/9€58k€42k▼
Accrued charges and deferred income492/3€12k€14k▲
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€614k€539k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€152k€152k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€42k€-16k▼
Other operating charges640/8€17k€53k▲
Gross operating margin9900€939k€1.03M▲
Operating profit (loss)9901€114k€302k▲
Financial income75/76B€52k€58k▲
Recurring financial income75€52k€58k▲
Financial charges65/66B€140k€144k▲
Recurring financial charges65€140k€144k▲
Profit (loss) for the period before taxes9903€26k€216k▲
Income taxes67/77€15k€75k▲
Profit (loss) for the period9904€11k€141k▲
Profit (loss) for the period to be appropriated9905€11k€141k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€164k▲
Profit (loss) brought forward from the previous period14P€23k€23k=
Transfer from equity791/2-€124k
Transfer to equity691/2€11k€141k▲
To other reserves6921€11k€141k▲
Profit to be distributed694/7-€124k
Return on contributions (dividend)694-€124k
Social balance
Average headcount (FTE)908710.08.1▼
The notes to these accounts (21 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €11k ▼95.9%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €276k ▲75.6%
Operating result €488k, net result €276k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.00M ▲10.4%
5 profitable years in a row build equity to €1.00M.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €568k ▲19.3%
2 profitable years in a row build equity to €568k.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Izegem · 1 establishment unit since 1995
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.
Prins Albertlaan 958870 IzegemGround area
2,959 m²
Building footprint
1,173 m²
Volume, LiDAR
6,090 m³
Parcel 36494D0019/00G000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ETC BVBA
since 19952.074.046.179
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0019/00G000 | Flanders | 2,959 m² | 1 · 1,173 m² | 7.4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 750 EUR awarded · 750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 750 EUR | 750 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
894500NVMMZH2CT5KN89
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Asfales
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Of 977 companies in sector 46431 we hold annual accounts for 705. 438 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-11-1995
Fiscal year end31-12
Abbreviation NL
E.T.C.
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
43211General electrical installation work
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.