ETCI
ActiveSummary
ETCI has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €537k and a net result of €11k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 88% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability21▼-18
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 66.71 against 8.25 in 2024; short-term debt: 1.4% and cash: 51.9% of total assets), and 19.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
80.6%
Return on assets
1.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 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
39 d late
2024
53 d early
2023
2 d early
2022
19 d early
2021
59 d early
2020
48 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11k▲ 97.7%
2024 · €5k
2019: €28k
2020: €29k
2021: €-34k
2022: €28k
2023: €-2k
2024: €5k
2019 → 2025
Working capital
€616k▼ 1.8%
2024 · €628k
2019: €591k
2020: €618k
2021: €599k
2022: €627k
2023: €622k
2024: €628k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€599k-€627k▲ 4.7%€625k▼ 0.3%€630k▲ 0.9%€537k▼ 14.8%
Operating result€-37k-€34k€-3k€6k€-8k
Net result€-34k-€28k€-2k€5k€11k▲ 97.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8k after €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €666k
Fixed assets
€40k ▲ 1,625%
Current assets
€626k ▼ 12.4%
Equity and liabilities €666k
Equity
€537k ▼ 14.8%
Debt
€129k ▲ 49.4%
Debt's share of the balance-sheet total rises from 12.1% to 19.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-935
Cash flow
€17k
Current ratio
66.71▲
2024 · 8.25
Quick ratio
60.09▲
2024 · 8.25
Debt to equity
0.24▲
2024 · 0.14
ROE
2.0%▲
2024 · 0.8%
ROA
1.6%▲
2024 · 0.7%
Interest coverage
-0.24
Debt ≤ 1 year
€9k▼
2024 · €87k
Debt > 1 year
€120k
Income taxes
€1k▲
2024 · €357
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€717k€666k▼
Fixed assets21/28€2k€40k▲
Tangible fixed assets22/27-€38k
Plant, machinery and equipment23-€3k
Furniture and vehicles24-€35k
Financial fixed assets28€2k€2k=
Current assets29/58€714k€626k▼
Stocks and contracts in progress3-€62k
Stocks30/36-€19k
Contracts in progress37-€43k
Amounts receivable within one year40/41€241k€9k▼
Trade receivables40€241k-
Other amounts receivable41€39€9k▲
Current investments50/53€103k€209k▲
Cash at bank and in hand54/58€370k€346k▼
Deferred charges and accrued income490/1-€100
Equity and liabilities
Total equity and liabilities10/49€717k€666k▼
Equity10/15€630k€537k▼
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€139k€45k▼
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€132k€39k▼
Profit (loss) carried forward14€426k€426k=
Amounts payable17/49€87k€129k▲
Amounts payable after more than one year17-€120k
Other amounts payable178/9-€120k
Amounts payable within one year42/48€87k€9k▼
Trade debts44€87k€9k▼
Suppliers440/4€87k€9k▼
Other amounts payable47/48-€633
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€7k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€5
Other operating charges640/8-€355
Gross operating margin9900€6k€-575▼
Operating profit (loss)9901€6k€-8k▼
Financial income75/76B€2k€23k▲
Recurring financial income75€2k€23k▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€6k€12k▲
Income taxes67/77€357€1k▲
Profit (loss) for the period9904€5k€11k▲
Profit (loss) for the period to be appropriated9905€5k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€426k€437k▲
Profit (loss) brought forward from the previous period14P€421k€426k▲
Transfer from equity791/2-€104k
Transfer to equity691/2-€11k
To other reserves6921-€11k
Profit to be distributed694/7-€104k
Return on contributions (dividend)694-€104k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
08-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 39 days late
2025
31-12
Financial
Liquidity times 8current ratio 66.71
Current ratio from 8.25 to 66.71; short-term debt falls from €87k to €9k.
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Liquidity times 6current ratio 137.38
Current ratio from 22.17 to 137.38; short-term debt falls from €30k to €5k.
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 14current ratio 94.44
Current ratio from 6.78 to 94.44; short-term debt falls from €107k to €6k.
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
30-06
Financial
Highest result since 2019net €29k ▲3.6%
Operating result €51k, net result €29k, both a record.
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
06-01
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.
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, Büllingen · 1 establishment unit since 1993
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.
Malmedyer Strasse 624760 Büllingen1 establishment unit
Malmedyer Strasse 62, 4760 Büllingen
since 19932.062.956.804
Recognitions · licences · registrations
Recognised contractor
3 categoriesETCI SA23416
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 6,304 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-06-1993
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
47540Retail sale of electrical household appliances
47551Retail sale of household furniture
47552Retail sale of lighting equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filings
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:080/647707