ETANIMMO
ActiveSummary
ETANIMMO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105,725 and a net result of €29,528. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+5
Solvency46▲+4
Growth50▲+1
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.48 against 0.39 in 2024; short-term debt: 27.9% and cash: 8.7% of total assets), and 79.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
20.6%
Return on assets
5.8%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
30 d late
2023
30 d late
2022
29 d late
2021
29 d late
2020
29 d late
2019
on the day
← 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 25 days after 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 (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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€132,767▲ 8.6%
2024 · €122,232
EBIT margin
32.2%▲ 16.3pp
2024 · 15.9%
Net result
€29,528▲ 178%
2024 · €10,612
Working capital
-€74,379▲ 4.5%
2024 · -€77,903
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€127,188▲ 7.5%€130,724▲ 2.8%€137,512▲ 5.2%€122,232▼ 11.1%€132,767▲ 8.6%
Operating result€35,526▲ 63.2%€28,472▼ 19.9%€13,991▼ 50.9%€19,416▲ 38.8%€42,769▲ 120%
Net result€21,487▲ 92.0%€14,877▼ 30.8%€5,799▼ 61.0%€10,612▲ 83.0%€29,528▲ 178%
EBIT margin27.9%▲ 9.5pp21.8%▼ 6.2pp10.2%▼ 11.6pp15.9%▲ 5.7pp32.2%▲ 16.3pp
Equity€53,409▲ 67.3%€68,287▲ 27.9%€74,085▲ 8.5%€82,697▲ 11.6%€105,725▲ 27.8%
Total assets€515,358▲ 4.1%€512,988▼ 0.5%€511,379▼ 0.3%€480,897▼ 6.0%€512,037▲ 6.5%
Debt€461,949▼ 0.3%€444,702▼ 3.7%€402,294▼ 9.5%€398,200▼ 1.0%€406,312▲ 2.0%
Working capital-€62,741▲ 3.0%-€71,332▼ 13.7%-€45,342▲ 36.4%-€77,903▼ 71.8%-€74,379▲ 4.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 120% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €512,037
Fixed assets
€443,336 ▲ 2.9%
Current assets
€68,701 ▲ 36.9%
Equity and liabilities €512,037
Equity
€105,725 ▲ 27.8%
Debt
€406,312 ▲ 2.0%
Debt's share of the balance-sheet total falls from 82.8% to 79.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73,828▲
2024 · €43,485
Cash flow
€60,587▲
2024 · €34,681
Current ratio
0.48▲
2024 · 0.39
Debt to equity
3.84▼
2024 · 4.82
ROE
27.9%▲
2024 · 12.8%
ROA
5.8%▲
2024 · 2.2%
Interest coverage
10.20▲
2024 · 5.70
Debt ≤ 1 year
€143,081▲
2024 · €128,076
Debt > 1 year
€263,231▼
2024 · €270,125
Income taxes
€6,000▲
2024 · €1,179
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,602 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 2,602 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €127,188 | €130,724 | €137,512 | €122,232 | €132,767 | ▲ 8.6% |
| Goods, raw materials, services and sundry goods60/61 | €70,514 | €80,459 | €97,129 | €75,926 | €56,063 | ▼ 26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,664 | €19,550 | €23,858 | €24,070 | €31,059 | ▲ 29.0% |
| Other operating charges640/8 | €2,485 | €2,243 | €2,534 | €2,822 | €2,876 | ▲ 1.9% |
| Gross operating margin9900 | €56,674 | €50,265 | €40,384 | €46,307 | €76,704 | ▲ 65.6% |
| Operating profit (loss)9901 | €35,526 | €28,472 | €13,991 | €19,416 | €42,769 | ▲ 120% |
| Financial income75/76B | - | €0 | - | €1 | - | - |
| Recurring financial income75 | - | €0 | - | €1 | - | - |
| Financial charges65/66B | €8,189 | €9,136 | €6,692 | €7,626 | €7,241 | ▼ 5.1% |
| Recurring financial charges65 | €8,189 | €9,136 | €6,692 | €7,626 | €7,241 | ▼ 5.1% |
| Profit (loss) for the period before taxes9903 | €27,337 | €19,336 | €7,299 | €11,790 | €35,528 | ▲ 201% |
| Income taxes67/77 | €5,850 | €4,458 | €1,500 | €1,179 | €6,000 | ▲ 409% |
| Profit (loss) for the period9904 | €21,487 | €14,877 | €5,799 | €10,612 | €29,528 | ▲ 178% |
| Profit (loss) for the period to be appropriated9905 | €21,487 | €14,877 | €5,799 | €10,612 | €29,528 | ▲ 178% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €515,358 | €512,988 | €511,379 | €480,897 | €512,037 | ▲ 6.5% |
| Fixed assets21/28 | €472,617 | €467,381 | €452,670 | €430,725 | €443,336 | ▲ 2.9% |
| Tangible fixed assets22/27 | €472,617 | €467,381 | €452,670 | €430,725 | €443,336 | ▲ 2.9% |
| Land and buildings22 | €454,348 | €448,365 | €433,862 | €418,394 | €402,431 | ▼ 3.8% |
| Plant, machinery and equipment23 | €11,018 | €9,182 | €7,345 | €6,575 | €4,525 | ▼ 31.2% |
| Furniture and vehicles24 | €7,251 | €9,835 | €11,462 | €5,756 | €36,379 | ▲ 532% |
| Current assets29/58 | €42,741 | €45,607 | €58,709 | €50,172 | €68,701 | ▲ 36.9% |
| Amounts receivable within one year40/41 | €30,988 | €37,716 | €36,099 | €24,251 | €24,203 | ▼ 0.2% |
| Trade receivables40 | €12,088 | €18,816 | €17,200 | €5,352 | €5,304 | ▼ 0.9% |
| Other amounts receivable41 | €18,899 | €18,899 | €18,899 | €18,899 | €18,899 | = |
| Cash at bank and in hand54/58 | €11,753 | €7,677 | €22,395 | €25,921 | €44,498 | ▲ 71.7% |
| Deferred charges and accrued income490/1 | - | €214 | €214 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €515,358 | €512,988 | €511,379 | €480,897 | €512,037 | ▲ 6.5% |
| Equity10/15 | €53,409 | €68,287 | €74,085 | €82,697 | €105,725 | ▲ 27.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,695 | €1,695 | €1,695 | €1,695 | €1,695 | = |
| Non-distributable reserves130/1 | €1,695 | €1,695 | €1,695 | €1,695 | €1,695 | = |
| Reserves not available under the articles1311 | €1,695 | €1,695 | €1,695 | €1,695 | €1,695 | = |
| Profit (loss) carried forward14 | €45,514 | €60,392 | €66,190 | €74,802 | €97,830 | ▲ 30.8% |
| Provisions and deferred taxes16 | - | - | €35,000 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €35,000 | - | - | - |
| Other liabilities and charges164/5 | - | - | €35,000 | - | - | - |
| Amounts payable17/49 | €461,949 | €444,702 | €402,294 | €398,200 | €406,312 | ▲ 2.0% |
| Amounts payable after more than one year17 | €356,467 | €327,763 | €298,242 | €270,125 | €263,231 | ▼ 2.6% |
| Financial debts170/4 | €356,467 | €327,763 | €298,242 | €270,125 | €263,231 | ▼ 2.6% |
| Amounts payable within one year42/48 | €105,482 | €116,939 | €104,051 | €128,076 | €143,081 | ▲ 11.7% |
| Current portion of amounts payable after more than one year42 | €76,882 | €26,434 | €29,444 | €28,223 | €35,671 | ▲ 26.4% |
| Trade debts44 | €2,766 | €17,050 | €8,292 | €13,570 | €27,805 | ▲ 105% |
| Suppliers440/4 | €2,766 | €17,050 | €8,292 | €13,570 | €15,100 | ▲ 11.3% |
| Bills of exchange payable441 | - | - | - | - | €12,705 | - |
| Taxes, remuneration and social security45 | €10,333 | €12,215 | €11,475 | €3,831 | €12,263 | ▲ 220% |
| Taxes450/3 | €10,333 | €12,215 | €11,475 | €3,831 | €12,263 | ▲ 220% |
| Other amounts payable47/48 | €15,500 | €61,240 | €54,840 | €82,452 | €67,342 | ▼ 18.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,487 | €14,877 | €5,799 | €10,612 | €29,528 | ▲ 178% |
| + Depreciation and write-downs630 | €18,664 | €19,550 | €23,858 | €24,070 | €31,059 | ▲ 29.0% |
| Operating cash flow (approximation) | €40,151 | €34,428 | €29,657 | €34,681 | €60,587 | ▲ 74.7% |
| Investment in fixed assets (approximation) | - | -€14,314 | -€9,147 | -€2,125 | -€43,670 | ▼ 1,955% |
| Change in cash | - | -€4,077 | €14,719 | €3,526 | €18,577 | ▲ 427% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Equity above €100,000Eq €105,725 ▲27.8%
8 profitable years in a row build equity to €105,725.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €1,010 ▼96.9%
Net result drops to €1,010, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Pajottegem · 1 establishment unit since 2013
Ground area
4,044 m²
Building footprint
254 m²
Volume, LiDAR
1,470 m³
Parcel 23076B0226/00K000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Steyvekaitse(SPK) 2, 1541 Pajottegem
since 20132.224.324.915
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23076B0226/00K000 | Flanders | 4,044 m² | 1 · 254 m² | 8.2 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.
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Of 1,173 companies in sector 46499 we hold annual accounts for 743. 487 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
Founded14-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
47783Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0540767575
Registered
23-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.