ETCI CONCEPT
ActiveETCI CONCEPT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €50k and a net result of €20k. Equity is growing by ~68.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability94=
Solvency75▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 3.13 against 2.86 in 2023; short-term debt: 26.7% and cash: 58.3% of total assets), and 49.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
50.2%
Return on assets
20%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
42 d early
2022
35 d early
2021
33 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€50k▲ 66.2%
2023 · €30k
2021: €10k
2022: €17k
2023: €30k
2021 → 2024
Total assets
€99k▲ 52.1%
2023 · €65k
2021: €19k
2022: €39k
2023: €65k
2021 → 2024
Net result
€20k▲ 50.2%
2023 · €13k
2021: €3k
2022: €6k
2023: €13k
2021 → 2024
Working capital
€56k▲ 51.2%
2023 · €37k
2021: €8k
2022: €22k
2023: €37k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€10k-€17k▲ 60.5%€30k▲ 78.8%€50k▲ 66.2%
Operating result€5k-€8k▲ 65.3%€17k▲ 105%€26k▲ 50.5%
Net result€3k-€6k▲ 83.5%€13k▲ 109%€20k▲ 50.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 50% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €99k
Fixed assets
€16k▲ 107%
Current assets
€83k▲ 44.4%
Equity and liabilities €99k
Equity
€50k▲ 66.2%
Debt
€49k▲ 40.1%
The debt ratio falls from 54.1% to 49.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29k▲
2023 · €20k
Cash flow
€22k▲
2023 · €16k
Solvency
50.2%▲
2023 · 45.9%
Current ratio
3.13▲
2023 · 2.86
Quick ratio
3.13▲
2023 · 2.86
Debt / equity
0.99▼
2023 · 1.18
ROE
39.8%▼
2023 · 44.1%
ROA
20.0%▼
2023 · 20.2%
Interest coverage
145.87▼
2023 · 241.31
Debt
€49k▲
2023 · €35k
Debt ≤ 1 year
€26k▲
2023 · €20k
Debt > 1 year
€6k
Income taxes
€6k▲
2023 · €4k
Staff costs
€138
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€65k€99k▲
Fixed assets21/28€8k€16k▲
Tangible fixed assets22/27€7k€15k▲
Furniture and vehicles24€7k€4k▼
Leasing and similar rights25-€10k
Other tangible fixed assets26-€1k
Financial fixed assets28€1k€1k=
Current assets29/58€57k€83k▲
Amounts receivable within one year40/41€24k€23k▼
Trade receivables40€24k€21k▼
Other amounts receivable41-€3k
Cash at bank and in hand54/58€32k€58k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€65k€99k▲
Equity10/15€30k€50k▲
Contributions10/11€7k€7k=
Profit (loss) carried forward14€23k€43k▲
Amounts payable17/49€35k€49k▲
Amounts payable after more than one year17-€6k
Financial debts170/4-€6k
Amounts payable within one year42/48€20k€26k▲
Current portion of amounts payable after more than one year42-€3k
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€15k€15k▲
Taxes450/3€13k€13k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€196€2k▲
Accrued charges and deferred income492/3€15k€17k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€138
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€494€530▲
Gross operating margin9900€20k€29k▲
Operating profit (loss)9901€17k€26k▲
Financial income75/76B€3€5▲
Recurring financial income75€3€5▲
Financial charges65/66B€82€197▲
Recurring financial charges65€82€197▲
Profit (loss) for the period before taxes9903€17k€26k▲
Income taxes67/77€4k€6k▲
Profit (loss) for the period9904€13k€20k▲
Profit (loss) for the period to be appropriated9905€13k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€43k▲
Profit (loss) brought forward from the previous period14P€10k€23k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €20k ▲50.2%
Operating result €26k, net result €20k, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Flémalle · 2 establishment units since 2020
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.
Rue de la Colline(IVR) 214400 FlémalleGround area
7,920 m²
Building footprint
2,295 m²
Volume, LiDAR
648 m³
2 parcels, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ETCI CONCEPT
since 20202.306.502.424
Rue de l'Aéroport 50, 4460 Grâce-Hollogne
since 20232.344.851.571
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62016B0287/00Z000 | Wallonia | 7,809 m² | 1 · 2,184 m² | - |
| 62083C0113/00P002 | Wallonia | 111 m² | 1 · 111 m² | 8.2 m · 2 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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PROCESS SAFETY HANDLING
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Of 11,553 companies in sector 71121 we hold annual accounts for 6,558. 4,891 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2020
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
28250Manufacture of machinery and equipment not elsewhere classified
33200Installation of industrial machinery and equipment
46190Agents in non-specialised wholesale trade
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.