ET&C
ActiveSummary
ET&C has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1k and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 34 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100▲+32
Solvency28▼-1
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 34 sector peers (2026).
NBB · sector comparisonPosition among 34 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 08-09-2026, 145 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2026
145 d early
2025
135 d early
2024
79 d early
2023
155 d early
2022
73 d early
2021
73 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 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-06-2027 close31-01-2028 deadline
Financials · fiscal year 2026, micro schema
Equity
€1k▲ 24.8%
2025 · €1k
2021: €8k
2022: €19k▲ +143% vs 2021highest in 6 years
2023: €15k▼ -23.5% vs 2022
2024: €1k▼ -91.4% vs 2023
2025: €1k▼ -19.9% vs 2024lowest in 6 years
2026: €1k▲ +24.8% vs 2025
2021 → 2026
Total assets
€38k▲ 42.5%
2025 · €27k
2021: €17klowest in 6 years
2022: €25k▲ +41.5% vs 2021
2023: €34k▲ +37.1% vs 2022
2024: €41k▲ +21.9% vs 2023highest in 6 years
2025: €27k▼ -34.7% vs 2024
2026: €38k▲ +42.5% vs 2025
2021 → 2026
Net result
€11k
2025 · €-248
2021: €7k
2022: €11k▲ +52.2% vs 2021
2023: €13k▲ +18.7% vs 2022
2024: €16k▲ +21.1% vs 2023highest in 6 years
2025: €-248▼ -102% vs 2024lowest in 6 years
2026: €11k▲ +4423% vs 2025
2021 → 2026
Working capital
€-613▲ 79.2%
2025 · €-3k
2021: €5k
2022: €17k▲ +211% vs 2021highest in 6 years
2023: €11k▼ -34.6% vs 2022
2024: €3k▼ -74.5% vs 2023
2025: €-3k▼ -205% vs 2024lowest in 6 years
2026: €-613▲ +79.2% vs 2025
2021 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€19k-€15k▼ 23.5%€1k▼ 91.4%€1k▼ 19.9%€1k▲ 24.8%
2022: €19khighest in 5 years
2023: €15k▼ -23.5% vs 2022
2024: €1k▼ -91.4% vs 2023
2025: €1k▼ -19.9% vs 2024lowest in 5 years
2026: €1k▲ +24.8% vs 2025
Operating result€15k-€18k▲ 19.2%€22k▲ 21.4%€-136€14k
2022: €15k
2023: €18k▲ +19.2% vs 2022
2024: €22k▲ +21.4% vs 2023highest in 5 years
2025: €-136▼ -101% vs 2024lowest in 5 years
2026: €14k▲ +10636% vs 2025
Net result€11k-€13k▲ 18.7%€16k▲ 21.1%€-248€11k
2022: €11k
2023: €13k▲ +18.7% vs 2022
2024: €16k▲ +21.1% vs 2023highest in 5 years
2025: €-248▼ -102% vs 2024lowest in 5 years
2026: €11k▲ +4423% vs 2025
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 2026: €14k after a loss of €136 in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €38k
Fixed assets
€2k ▼ 52.9%
Current assets
€36k ▲ 59.0%
Equity and liabilities €38k
Equity
€1k ▲ 24.8%
Debt
€37k ▲ 43.2%
Debt's share of the balance-sheet total rises from 96.3% to 96.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▲
2025 · €2k
Cash flow
€13k▲
2025 · €2k
Current ratio
0.98▲
2025 · 0.89
Debt to equity
29.56▲
2025 · 25.76
ROE
859.1%▲
2025 · -24.8%
ROA
28.1%▲
2025 · -0.9%
Interest coverage
144.12▲
2025 · 21.58
Debt ≤ 1 year
€37k▲
2025 · €26k
Income taxes
€4k
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 · 2026 against 2025 · 34 lines
Balance sheet
Code20252026
Assets
Total assets20/58€27k€38k▲
Fixed assets21/28€4k€2k▼
Intangible fixed assets21€1k€1k▼
Tangible fixed assets22/27€3k€738▼
Plant, machinery and equipment23€3k€738▼
Current assets29/58€23k€36k▲
Amounts receivable within one year40/41€10k€9k▼
Trade receivables40€3k€5k▲
Other amounts receivable41€7k€3k▼
Cash at bank and in hand54/58€10k€27k▲
Deferred charges and accrued income490/1€2k€379▼
Equity and liabilities
Total equity and liabilities10/49€27k€38k▲
Equity10/15€1k€1k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€-248-
Amounts payable17/49€26k€37k▲
Amounts payable within one year42/48€26k€37k▲
Trade debts44€759€1k▲
Suppliers440/4€759€1k▲
Other amounts payable47/48€25k€36k▲
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€20€125▲
Gross operating margin9900€2k€17k▲
Operating profit (loss)9901€-136€14k▲
Financial charges65/66B€112€114▲
Recurring financial charges65€112€114▲
Profit (loss) for the period before taxes9903€-248€14k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€-248€11k▲
Profit (loss) for the period to be appropriated9905€-248€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-248€10k▲
Profit (loss) brought forward from the previous period14P-€-248
Profit to be distributed694/7-€10k
Return on contributions (dividend)694-€10k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €250 | €819 | €2k | €3k | €2k | ▼ 18.2% |
| Other operating charges640/8 | €20 | €20 | €20 | €20 | €125 | ▲ 524% |
| Gross operating margin9900 | €15k | €19k | €24k | €2k | €17k | ▲ 580% |
| Operating profit (loss)9901 | €15k | €18k | €22k | €-136 | €14k | ▲ 10,636% |
| Financial charges65/66B | €18 | €98 | €114 | €112 | €114 | ▲ 1.9% |
| Recurring financial charges65 | €18 | €98 | €114 | €112 | €114 | ▲ 1.9% |
| Profit (loss) for the period before taxes9903 | €15k | €18k | €22k | €-248 | €14k | ▲ 5,839% |
| Income taxes67/77 | €4k | €4k | €5k | - | €4k | - |
| Profit (loss) for the period9904 | €11k | €13k | €16k | €-248 | €11k | ▲ 4,423% |
| Profit (loss) for the period to be appropriated9905 | €11k | €13k | €16k | €-248 | €11k | ▲ 4,423% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25k | €34k | €41k | €27k | €38k | ▲ 42.5% |
| Fixed assets21/28 | €2k | €4k | €5k | €4k | €2k | ▼ 52.9% |
| Intangible fixed assets21 | €2k | €2k | €2k | €1k | €1k | ▼ 18.2% |
| Tangible fixed assets22/27 | - | €2k | €4k | €3k | €738 | ▼ 71.4% |
| Plant, machinery and equipment23 | - | €2k | €4k | €3k | €738 | ▼ 71.4% |
| Current assets29/58 | €22k | €30k | €36k | €23k | €36k | ▲ 59.0% |
| Stocks and contracts in progress3 | - | €4k | - | - | - | - |
| Stocks30/36 | - | €4k | - | - | - | - |
| Amounts receivable within one year40/41 | €3k | €18k | €14k | €10k | €9k | ▼ 16.0% |
| Trade receivables40 | €3k | €18k | €5k | €3k | €5k | ▲ 47.1% |
| Other amounts receivable41 | - | - | €9k | €7k | €3k | ▼ 48.6% |
| Cash at bank and in hand54/58 | €18k | €7k | €21k | €10k | €27k | ▲ 165% |
| Deferred charges and accrued income490/1 | €1k | €1k | €420 | €2k | €379 | ▼ 83.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25k | €34k | €41k | €27k | €38k | ▲ 42.5% |
| Equity10/15 | €19k | €15k | €1k | €1k | €1k | ▲ 24.8% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €18k | €13k | - | €-248 | - | - |
| Amounts payable17/49 | €6k | €19k | €40k | €26k | €37k | ▲ 43.2% |
| Amounts payable within one year42/48 | €6k | €19k | €33k | €26k | €37k | ▲ 43.2% |
| Trade debts44 | €731 | - | - | €759 | €1k | ▲ 86.1% |
| Suppliers440/4 | €731 | - | - | €759 | €1k | ▲ 86.1% |
| Taxes, remuneration and social security45 | €5k | €5k | €3k | - | - | - |
| Taxes450/3 | €5k | €5k | €3k | - | - | - |
| Other amounts payable47/48 | €55 | €14k | €29k | €25k | €36k | ▲ 41.9% |
| Accrued charges and deferred income492/3 | - | - | €7k | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €13k | €16k | €-248 | €11k | ▲ 4,423% |
| + Depreciation and write-downs630 | €250 | €819 | €2k | €3k | €2k | ▼ 18.2% |
| Operating cash flow (approximation) | €11k | €14k | €18k | €2k | €13k | ▲ 456% |
| Investment in fixed assets (approximation) | - | €-2k | €-4k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-12k | €15k | €-11k | €17k | ▲ 257% |
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
Next filing, fiscal year 2027, expected by
2026
08-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
30-06
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-248
Net result drops to €-248, the lowest in the series; recovery starts the following year.
2024
13-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2021net €16k ▲21.1%
Operating result €22k, net result €16k, both a record.
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
19-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 4.05
Current ratio from 1.57 to 4.05; short-term debt falls from €10k to €6k.
2021
19-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Wavre · 1 establishment unit since 2020
Ground area
295 m²
Building footprint
72 m²
Volume, LiDAR
564 m³
Parcel 25112L0037/00N003, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ET&C
since 20202.309.076.585
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112L0037/00N003 | Wallonia | 295 m² | 1 · 72 m² | 9.5 m · 3 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 4,564 companies in sector 74999 we hold annual accounts for 1,936. 261 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
Founded07-10-2020
Fiscal year end30-06
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
Scores and ratios are computed by Checked and are not a credit decision.