ETEC ENGINEERING
ActiveETEC ENGINEERING has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €55k. Equity is growing by ~46.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 9386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
83
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency50▼-47
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 2.38 in 2024), and 69.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
30.7%
Return on assets
13.9%
Age of the figures
8 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 27-04-2026, 95 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
95 d early
2024
39 d early
2023
36 d early
2022
39 d early
2021
37 d early
2020
33 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€122k=
2024 · €122k
2020: €24k
2021: €38k
2022: €65k
2023: €111k
2024: €122k
2020 → 2025
Total assets
€397k▲ 75.8%
2024 · €226k
2020: €95k
2021: €84k
2022: €97k
2023: €211k
2024: €226k
2020 → 2025
Net result
€55k▲ 34.9%
2024 · €41k
2020: €21k
2021: €15k
2022: €27k
2023: €54k
2024: €41k
2020 → 2025
Working capital
€7k▼ 92.4%
2024 · €87k
2020: €6k
2021: €19k
2022: €46k
2023: €68k
2024: €87k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€65k▲ 68.0%€111k▲ 71.7%€122k▲ 9.9%€122k=
Operating result€23k-€39k▲ 72.2%€75k▲ 92.8%€58k▼ 23.2%€75k▲ 29.9%
Net result€15k-€27k▲ 79.4%€54k▲ 99.7%€41k▼ 23.9%€55k▲ 34.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 30% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €397k
Fixed assets
€299k▲ 294%
Current assets
€98k▼ 34.5%
Equity and liabilities €397k
Equity
€122k=
Debt
€275k▲ 165%
The debt ratio rises from 46.0% to 69.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€97k▲
2024 · €78k
Cash flow
€77k▲
2024 · €61k
Solvency
30.7%▼
2024 · 54.0%
Current ratio
1.07▼
2024 · 2.38
Quick ratio
1.07▼
2024 · 2.38
Debt / equity
2.26▲
2024 · 0.85
ROE
45.3%▲
2024 · 33.6%
ROA
13.9%▼
2024 · 18.1%
Interest coverage
24.86▼
2024 · 26.25
Debt
€275k▲
2024 · €104k
Debt ≤ 1 year
€92k▲
2024 · €63k
Debt > 1 year
€181k▲
2024 · €39k
Income taxes
€16k▲
2024 · €14k
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€226k€397k▲
Fixed assets21/28€76k€299k▲
Tangible fixed assets22/27€76k€299k▲
Land and buildings22-€241k
Plant, machinery and equipment23-€863
Furniture and vehicles24€76k€57k▼
Financial fixed assets28€45€45=
Current assets29/58€150k€98k▼
Amounts receivable within one year40/41€21k€20k▼
Trade receivables40€18k€19k▲
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€125k€75k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€226k€397k▲
Equity10/15€122k€122k=
Contributions10/11€4k€4k=
Reserves13€118k€118k=
Distributable reserves133€118k€118k=
Amounts payable17/49€104k€275k▲
Amounts payable after more than one year17€39k€181k▲
Financial debts170/4€39k€181k▲
Amounts payable within one year42/48€63k€92k▲
Current portion of amounts payable after more than one year42€18k€22k▲
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€12k€11k▼
Taxes450/3€12k€11k▼
Other amounts payable47/48€30k€55k▲
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€22k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€79k€98k▲
Operating profit (loss)9901€58k€75k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€55k€71k▲
Income taxes67/77€14k€16k▲
Profit (loss) for the period9904€41k€55k▲
Profit (loss) for the period to be appropriated9905€41k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€55k▲
Transfer from equity791/2€30k€55k▲
Transfer to equity691/2€41k€55k▲
To other reserves6921€41k€55k▲
Profit to be distributed694/7€30k€55k▲
Return on contributions (dividend)694€30k€55k▲
The notes to these accounts (12 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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €55k ▲34.9%
Net result €55k, the highest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €111k ▲71.7%
4 profitable years in a row build equity to €111k.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €15k ▼28.6%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lokeren · 1 establishment unit since 2019
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.
Weehaagstraat 429160 LokerenGround area
1,078 m²
Building footprint
212 m²
Volume, LiDAR
973 m³
Parcel 46007B0454/00K000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Etec Engineering
since 20192.294.537.869
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46007B0454/00K000 | Flanders | 1,078 m² | 1 · 212 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
M.C.O. INFRA
BE 0845.947.490
Hasselt · Eq €122k
Creosum
BE 0842.118.861
Linter · Eq €122k
OP INGENIEURS CONSEILS
BE 1002.166.782
Bastogne · Eq €122k
DLE ENGINEERING
BE 0808.198.852
Beringen · Eq €122k
EDT ENGINEERING
BE 0865.132.310
Courcelles · Eq €122k
Of 11,508 companies in sector 71121 we hold annual accounts for 6,527. 5,208 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-2019
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.