ETAX
ActiveETAX has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €222k and a net result of €56k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 33% of 12690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81=
Solvency62▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.93 against 1.18 in 2024; short-term debt: 12.9% and cash: 4.1% of total assets), and 62.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
37.5%
Return on assets
9.5%
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
31 d early
2023
31 d early
2022
27 d late
2021
117 d early
2020
88 d early
2019
30 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€56k▼ 2.0%
2024 · €57k
2018: €26k
2019: €22k
2020: €41k
2021: €93k
2022: €-48k
2023: €82k
2024: €57k
2018 → 2025
Working capital
€-5k
2024 · €14k
2018: €690
2019: €-53k
2020: €4k
2021: €140k
2022: €-28k
2023: €-50k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€230k-€182k▼ 20.9%€184k▲ 1.1%€191k▲ 3.9%€222k▲ 16.3%
Operating result€123k-€-41k€102k€80k▼ 21.4%€79k▼ 1.4%
Net result€93k-€-48k€82k€57k▼ 30.3%€56k▼ 2.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €592k
Fixed assets
€521k▲ 4.2%
Current assets
€71k▼ 22.5%
Equity and liabilities €592k
Equity
€222k▲ 16.3%
Debt
€370k▼ 7.6%
The debt ratio falls from 67.7% to 62.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€126k▲
2024 · €118k
Cash flow
€103k▲
2024 · €95k
Solvency
37.5%▲
2024 · 32.3%
Current ratio
0.93▼
2024 · 1.18
Quick ratio
0.93▼
2024 · 1.18
Debt / equity
1.67▼
2024 · 2.10
ROE
25.3%▼
2024 · 30.0%
ROA
9.5%▼
2024 · 9.7%
Interest coverage
17.37▲
2024 · 14.68
Debt
€370k▼
2024 · €401k
Debt ≤ 1 year
€76k▼
2024 · €77k
Debt > 1 year
€294k▼
2024 · €323k
Income taxes
€16k▲
2024 · €16k
Staff costs
€46k▼
2024 · €48k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€591k€592k▲
Fixed assets21/28€500k€521k▲
Tangible fixed assets22/27€500k€521k▲
Land and buildings22€470k€501k▲
Plant, machinery and equipment23€17k€14k▼
Furniture and vehicles24€12k€5k▼
Financial fixed assets28€130€130=
Current assets29/58€91k€71k▼
Amounts receivable within one year40/41€45k€47k▲
Trade receivables40€35k€41k▲
Other amounts receivable41€9k€6k▼
Cash at bank and in hand54/58€46k€24k▼
Deferred charges and accrued income490/1€371€62▼
Equity and liabilities
Total equity and liabilities10/49€591k€592k▲
Equity10/15€191k€222k▲
Contributions10/11€40k€40k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€149k€180k▲
Amounts payable17/49€401k€370k▼
Amounts payable after more than one year17€323k€294k▼
Financial debts170/4€323k€294k▼
Amounts payable within one year42/48€77k€76k▼
Current portion of amounts payable after more than one year42€28k€29k▲
Financial debts43€13k€13k=
Credit institutions430/8€13k€13k=
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45€14k€24k▲
Taxes450/3€4k€17k▲
Remuneration and social security454/9€10k€8k▼
Other amounts payable47/48€16k€8k▼
Accrued charges and deferred income492/3€93-
Income statement
Code20242025
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€48k€46k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€47k▲
Other operating charges640/8€12k€16k▲
Non-recurring operating charges66A-€44k
Gross operating margin9900€178k€232k▲
Operating profit (loss)9901€80k€79k▼
Financial income75/76B€466€57▼
Recurring financial income75€466€57▼
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€73k€72k▼
Income taxes67/77€16k€16k▲
Profit (loss) for the period9904€57k€56k▼
Profit (loss) for the period to be appropriated9905€57k€56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€199k€205k▲
Profit (loss) brought forward from the previous period14P€142k€149k▲
Profit to be distributed694/7€50k€25k▼
Return on contributions (dividend)694€50k€25k▼
The notes to these accounts (11 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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €222k ▲16.3%
3 profitable years in a row build equity to €222k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 1.18
Current ratio from 0.55 to 1.18; short-term debt falls from €112k to €77k.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €82k
Net result €82k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
31-12
Financial
Weakest financial yearnet €-48k ▼151%
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €93k ▲126%
Operating result €123k, net result €93k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 4.07
Current ratio from 1.08 to 4.07; short-term debt falls from €50k to €46k.
31-12
Financial
Equity above €200kEq €230k ▲68.4%
4 profitable years in a row build equity to €230k.
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.08
Current ratio from 0.45 to 1.08; short-term debt falls from €96k to €50k.
31-12
Financial
Equity above €100kEq €136k ▲43.3%
3 profitable years in a row build equity to €136k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Nivelles · 2 establishment units since 2001
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.
Avenue d'Allemagne 2/21400 NivellesGround area
3,155 m²
Building footprint
764 m²
Volume, LiDAR
8,459 m³
2 parcels, Wallonia · tallest building 16.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
ETAX
since 20012.251.912.408
Etax
since 20242.354.709.246
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25007E0008/00M003 | Wallonia | 1,845 m² | 1 · 145 m² | 7.7 m · 2 fl. |
| 25072B0385/00Y015 | Wallonia | 1,310 m² | 1 · 619 m² | 16.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BLUE RICE
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Comptalys
BE 0799.596.833
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BUCOBA
BE 0862.966.537
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WKG Groep België
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 6,288 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-11-1989
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:philippe.nieus@etax.be
Phone:+3267557525