Age2 yrs
Real estate1 parcel · 350 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of ET Group is 2.0% (moderate). The 2024 annual accounts show equity of €8k and a net result of €3k. Its solvency ranks better than 18% of 555 sector peers (fiscal year 2024). 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 2 annual accounts.
Signals
2 signals · with evidenceWeak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 555 sector peers (2024).
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsYoung company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.0%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€3k-11.9%
Working capital€-12k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 31-07-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 42 · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 13.2% | 44.8% | |
| Net result | €3k | €14k | |
| Equity | €8k | €34k | |
| Gross operating margin | €12k | €43k | |
| Total assets | €60k | €89k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€8k
-
-86% vs sector
€3k
-11.9%
-75% vs sector
€5k
-
-91% vs sector
€60k
+177.5%
-71% vs sector
€8k
+36.0%
-90% vs sector
€-12k
-
far below sector median
€3k
+171.1%
-66% vs sector
€833
-
23-24
€52k
+229.6%
-74% vs sector
€52k
+226.6%
-59% vs sector
€481
-
-100% vs sector
0.76
-44.6%
-41% vs sector
0.76
-44.6%
-32% vs sector
13.2%
-51.0%
-65% vs sector
6.58
+142.4%
+61% vs sector
37.0%
-35.2%
+145% vs sector
4.9%
-68.2%
-14% vs sector
10.26
-
+5% vs sector
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €8k |
| Net profit | €3k |
| Cash flow | €5k |
| Staff costs | - |
| Income taxes | €3k |
| Dividends | €833 |
| Total assets | €60k |
| Equity | €8k |
| Debt | €52k |
| of which ≤ 1y | €52k |
| of which > 1y | €481 |
| Working capital | €-12k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.76 |
| Quick ratio | 0.76 |
| Working capital ratio | -20.8% |
| Solvency | 13.2% |
| Debt / equity | 6.58 |
| Long-term debt ratio | 0.06 |
| Interest coverage | 10.26 |
| Gross margin | - |
| Net margin | - |
| ROA | 4.9% |
| ROE | 37.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €60k |
| Fixed assets | 21/28 | €21k |
| Tangible fixed assets | 22/27 | €21k |
| Current assets | 29/58 | €39k |
| Amounts receivable within one year | 40/41 | €33k |
| Cash & bank | 54/58 | €6k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €60k |
| Equity | 10/15 | €8k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €5k |
| Amounts payable | 17/49 | €52k |
| Amounts payable after one year | 17 | €481 |
| Amounts payable within one year | 42/48 | €52k |
| Trade debts payable within one year | 44 | €21k |
| Income statement | ||
| Gross operating margin | 9900 | €12k |
| Operating result | 9901 | €6k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €792 |
| Result before taxes | 9903 | €5k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €3k |
| Result to be appropriated | 9905 | €3k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2024 · computed48
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Locations & real estate
Establishment units
1 locationET Group
since 20232.351.285.938
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area350 m²
Buildings1
Building footprint153 m²
Volume (LiDAR)1,119 m³
Tallest building9.6 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0126/00N011 | Flanders | 350 m² | 1 · 153 m² | 9.6 m · 3 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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgian State Gazette · acts
No structured acts for this company yet
That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.
Analysis
Snowflake analysis
financial profile on 5 axes59
/ 100
Mixed profile: strong on profitability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Health
48
Profitability
100
Solvency
14
Growth
52
Stability
82
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
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Primary activity highlighted.
Names & trade names
| Legal nameNL | ET Group |
Registered office
Frans Adriaenssensstraat 32
2170 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.