ET CETERA
ActiveSummary
ET CETERA has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of €111,667. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 86% of 1537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-7
Solvency100=
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days acceptable
Liquidity ample (current ratio 5.02 against 24.3 in 2024; short-term debt: 16.6% and cash: 10.5% of total assets), and 16.6% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
83.4%
Return on assets
4.1%
Age of the figures
9 mo
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
44 d early
2023
58 d early
2022
67 d early
2021
53 d early
2020
14 d early
2019
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 51 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€268,198▲ 0.8%
2019 · €266,101
EBIT margin
42.3%▲ 25.2pp
2019 · 17.1%
Net result
€111,667▼ 58.6%
2024 · €269,784
Working capital
€1.8m▼ 13.1%
2024 · €2.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€380,499▲ 236%€154,866▼ 59.3%-€4,136€360,061€140,997▼ 60.8%
Net result€289,290▲ 214%€105,781▼ 63.4%-€5,176€269,784€111,667▼ 58.6%
EBIT margin
Equity€2.3m▲ 0.2%€2.3m▲ 2.0%€2.3m▼ 0.2%€2.6m▲ 11.6%€2.3m▼ 12.2%
Total assets€2.4m▲ 3.7%€2.5m▲ 2.1%€2.5m▼ 1.0%€2.7m▲ 8.7%€2.7m▲ 1.8%
Debt€157,974▲ 108%€164,369▲ 4.0%€144,551▼ 12.1%€90,442▼ 37.4%€455,785▲ 404%
Working capital€1.8m▼ 4.8%€1.8m▼ 0.9%€1.8m▲ 0.8%€2.1m▲ 17.7%€1.8m▼ 13.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€454,167 ▼ 8.2%
Current assets
€2.3m ▲ 4.0%
Equity and liabilities €2.7m
Equity
€2.3m ▼ 12.2%
Debt
€455,785 ▲ 404%
Debt's share of the balance-sheet total rises from 3.4% to 16.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€188,196▼
2024 · €408,695
Cash flow
€158,866▼
2024 · €318,418
Current ratio
5.02▼
2024 · 24.30
Debt to equity
0.20▲
2024 · 0.03
ROE
4.9%▼
2024 · 10.4%
ROA
4.1%▼
2024 · 10.0%
Interest coverage
348.03▼
2024 · 3019.99
Debt ≤ 1 year
€455,785▲
2024 · €90,442
Income taxes
€40,841▼
2024 · €105,135
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,593 | €68,611 | €56,477 | €48,634 | €47,199 | ▼ 3.0% |
| Other operating charges640/8 | €4,476 | €4,463 | €4,746 | €4,716 | €5,468 | ▲ 15.9% |
| Gross operating margin9900 | €441,569 | €227,940 | €57,087 | €413,411 | €193,664 | ▼ 53.2% |
| Operating profit (loss)9901 | €380,499 | €154,866 | -€4,136 | €360,061 | €140,997 | ▼ 60.8% |
| Financial income75/76B | €10,801 | €0 | €2,463 | €14,993 | €12,052 | ▼ 19.6% |
| Recurring financial income75 | €10,801 | €0 | €2,463 | €14,993 | €12,052 | ▼ 19.6% |
| Financial charges65/66B | €4,782 | €122 | €1,850 | €135 | €541 | ▲ 300% |
| Recurring financial charges65 | €4,782 | €122 | €1,850 | €135 | €541 | ▲ 300% |
| Profit (loss) for the period before taxes9903 | €386,519 | €154,744 | -€3,522 | €374,919 | €152,508 | ▼ 59.3% |
| Income taxes67/77 | €97,229 | €48,963 | €1,654 | €105,135 | €40,841 | ▼ 61.2% |
| Profit (loss) for the period9904 | €289,290 | €105,781 | -€5,176 | €269,784 | €111,667 | ▼ 58.6% |
| Transfer from tax-exempt reserves789 | - | €9,563 | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | €42,100 | - | €42,100 | - |
| Profit (loss) for the period to be appropriated9905 | €289,290 | €115,344 | -€47,276 | €269,784 | €69,567 | ▼ 74.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.5m | €2.5m | €2.7m | €2.7m | ▲ 1.8% |
| Fixed assets21/28 | €497,804 | €560,341 | €541,604 | €494,507 | €454,167 | ▼ 8.2% |
| Intangible fixed assets21 | €40,000 | €30,000 | €20,000 | €10,000 | - | - |
| Tangible fixed assets22/27 | €457,715 | €530,252 | €521,515 | €484,418 | €454,077 | ▼ 6.3% |
| Land and buildings22 | €268,027 | €251,235 | €234,444 | €217,653 | €200,861 | ▼ 7.7% |
| Plant, machinery and equipment23 | €1,880 | €6,032 | €4,357 | €1,611 | €1,874 | ▲ 16.3% |
| Furniture and vehicles24 | €4,476 | - | €23,629 | €17,959 | €17,288 | ▼ 3.7% |
| Other tangible fixed assets26 | €183,332 | €272,985 | €259,085 | €247,195 | €234,054 | ▼ 5.3% |
| Financial fixed assets28 | €89 | €89 | €89 | €89 | €89 | = |
| Current assets29/58 | €2.0m | €1.9m | €1.9m | €2.2m | €2.3m | ▲ 4.0% |
| Amounts receivable within one year40/41 | €6,000 | €26,181 | €41,349 | €128,735 | €13,795 | ▼ 89.3% |
| Trade receivables40 | €4,000 | €9,738 | €10,917 | €128,735 | €8,951 | ▼ 93.0% |
| Other amounts receivable41 | €2,000 | €16,444 | €30,433 | - | €4,844 | - |
| Current investments50/53 | €1.0m | €1.0m | €1.5m | €1.6m | €2.0m | ▲ 22.5% |
| Cash at bank and in hand54/58 | €934,620 | €903,604 | €420,706 | €457,469 | €288,693 | ▼ 36.9% |
| Deferred charges and accrued income490/1 | €3,613 | €4,087 | €15,560 | €4,227 | €14,723 | ▲ 248% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.5m | €2.5m | €2.7m | €2.7m | ▲ 1.8% |
| Equity10/15 | €2.3m | €2.3m | €2.3m | €2.6m | €2.3m | ▼ 12.2% |
| Contributions10/11 | €19,831 | €19,831 | €19,831 | €19,831 | €19,831 | = |
| Reserves13 | €789,206 | €839,643 | €881,743 | €881,743 | €923,843 | ▲ 4.8% |
| Non-distributable reserves130/1 | €11,546 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,983 | - | - | - | - | - |
| Financial assistance1313 | €3,587 | - | - | - | - | - |
| Other1319 | €5,976 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | €42,100 | €42,100 | €84,200 | ▲ 100% |
| Distributable reserves133 | €777,660 | €839,643 | €839,643 | €839,643 | €839,643 | = |
| Profit (loss) carried forward14 | €1.5m | €1.5m | €1.4m | €1.7m | €1.3m | ▼ 21.1% |
| Amounts payable17/49 | €157,974 | €164,369 | €144,551 | €90,442 | €455,785 | ▲ 404% |
| Amounts payable within one year42/48 | €157,974 | €164,369 | €144,551 | €90,442 | €455,785 | ▲ 404% |
| Trade debts44 | €1,142 | €5,265 | €3,244 | €1,145 | €1,424 | ▲ 24.4% |
| Suppliers440/4 | €1,142 | €5,265 | €3,244 | €1,145 | €1,424 | ▲ 24.4% |
| Taxes, remuneration and social security45 | €21,470 | €3,494 | €3,433 | €47,067 | €25,074 | ▼ 46.7% |
| Taxes450/3 | €21,470 | €3,494 | €3,433 | €47,067 | €25,074 | ▼ 46.7% |
| Other amounts payable47/48 | €135,361 | €155,610 | €137,875 | €42,230 | €429,286 | ▲ 917% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €289,290 | €105,781 | -€5,176 | €269,784 | €111,667 | ▼ 58.6% |
| + Depreciation and write-downs630 | €56,593 | €68,611 | €56,477 | €48,634 | €47,199 | ▼ 3.0% |
| Operating cash flow (approximation) | €345,883 | €174,392 | €51,300 | €318,418 | €158,866 | ▼ 50.1% |
| Investment in fixed assets (approximation) | - | -€131,148 | -€37,739 | -€1,537 | -€6,859 | ▼ 346% |
| Change in cash | - | -€31,017 | -€482,898 | €36,763 | -€168,776 | ▼ 559% |
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 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €269,784
Net result €269,784 after one loss-making year.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€5,176
Net result drops to -€5,176, the lowest in the series; recovery starts the following year.
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €289,290 ▲214%
Operating result €380,499, net result €289,290, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 6current ratio 142.10
Current ratio from 24.31 to 142.10; short-term debt falls from €90,831 to €13,466.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Liège · 1 establishment unit since 1998
Ground area
340 m²
Building footprint
56 m²
Volume, LiDAR
813 m³
Parcel 62808A0952/00M011, Wallonia · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Liberté 31, 4020 Liège
since 19982.085.187.818
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62808A0952/00M011 | Wallonia | 340 m² | 1 · 56 m² | 16.1 m · 5 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 484 companies in sector 59112 we hold annual accounts for 248. 54 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
Founded24-11-1997
Fiscal year end31-12
Activities, NACEBEL 2025
59112Motion picture, video and television programme production, sound recording and music publishing activities
Scores and ratios are computed by Checked and are not a credit decision.