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ETERNEL

Active
Private limited companyfounded 20215 yrs activeRegina Wautersweg 12, 8800 Roeselare, BelgiumKBO/BCE: BE 0761.690.619
Summary

ETERNEL has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €532,879 and a net result of -€116,667. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 19% of 37965 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability18▼-62
Solvency42▼-8
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.57 in 2023; short-term debt: 25.6% and cash: 0% of total assets), and 82.5% of the assets are financed with debt.
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Signals

Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
17.5%
Return on assets
-3.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 37965 sector peers (2024).
NBB · sector comparison
Position among 37965 sector peers
Solvency
better than 19%
← weakest strongest →
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 17-07-2025, 14 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
14 d early
2023
84 d late
2022
224 d late
2021
499 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 198 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ETERNEL was incorporated on 17 January 2021 as a Private limited company.1 Total assets rose from EUR 2.1 million in 2021 to EUR 3.1 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€532,879▼ 18.0%
2023 · €649,546
Total assets
€3.1m▲ 15.4%
2023 · €2.6m
Net result
-€116,667
2023 · €229,646
Working capital
-€643,910▼ 89.6%
2023 · -€339,686
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Operating result€251,817-€44,318▼ 82.4%€326,788▲ 637%-€63,479
Net result€180,878above the sector's middle half-€10,725within the sector's middle half▼ 94.1%€229,646above the sector's middle half▲ 2,041%-€116,667below the sector's middle half
Equity€409,174above the sector's middle half-€419,900above the sector's middle half▲ 2.6%€649,546above the sector's middle half▲ 54.7%€532,879above the sector's middle half▼ 18.0%
Total assets€2.1mabove the sector's middle half-€2.1mabove the sector's middle half▲ 0.3%€2.6mabove the sector's middle half▲ 25.8%€3.1mabove the sector's middle half▲ 15.4%
Debt€1.7m-€1.7m▼ 0.3%€2.0m▲ 18.6%€2.5m▲ 26.3%
Working capital€37,710within the sector's middle half--€102,254below the sector's middle half-€339,686below the sector's middle half▼ 232%-€643,910below the sector's middle half▼ 89.6%
Solvency19.5%below the sector's middle half-20.0%below the sector's middle half▲ 0.5pp24.6%below the sector's middle half▲ 4.6pp17.5%below the sector's middle half▼ 7.1pp
Current ratio1.13within the sector's middle half-0.73below the sector's middle half▼ 0.390.57below the sector's middle half▼ 0.160.18below the sector's middle half▼ 0.40
Return on assets (ROA)8.6%within the sector's middle half-0.5%below the sector's middle half▼ 8.1pp8.7%within the sector's middle half▲ 8.2pp-3.8%below the sector's middle half▼ 12.5pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000Operating result 2021: €251,817€251,817Net result 2021: €180,878€180,878Operating result 2022: €44,318€44,318Net result 2022: €10,725€10,725Operating result 2023: €326,788€326,788Net result 2023: €229,646€229,646Operating result 2024: -€63,479-€63,479Net result 2024: -€116,667-€116,6672021202220232024-€200,000€0€200,000€400,000Operating result 2022: €44,318€44,300Net result 2022: €10,725€10,700Operating result 2023: €326,788€327,000Net result 2023: €229,646€230,000Operating result 2024: -€63,479-€63,500Net result 2024: -€116,667-€117,000202220232024
The operating result turns negative in 2024: a loss of €63,479 after €326,788 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.1m
Fixed assets €2.9m ▲ 33.1%
Current assets €137,848 ▼ 69.6%
Equity and liabilities €3.1m
Equity €532,879 ▼ 18.0%
Debt €2.5m ▲ 26.3%
Debt's share of the balance-sheet total rises from 75.4% to 82.5%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€25,207▼
2023 · €369,968
Cash flow
-€27,981▼
2023 · €272,827
Quick ratio
0.11▼
2023 · 0.56
Debt to equity
4.73▲
2023 · 3.07
ROE
-21.9%▼
2023 · 35.4%
Interest coverage
0.47▼
2023 · 15.00
Debt ≤ 1 year
€781,757▼
2023 · €793,836
Debt > 1 year
€1.7m▲
2023 · €1.2m
Income taxes
€206▼
2023 · €72,478
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 748 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a small loss
1.3% went bankrupt
1.9% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 748 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet Code20232024
Assets
Total assets20/58€2.6m€3.1m▲
Fixed assets21/28€2.2m€2.9m▲
Tangible fixed assets22/27€1.7m€2.4m▲
Land and buildings22€1.7m€2.4m▲
Financial fixed assets28€475,000€532,900▲
Current assets29/58€454,150€137,848▼
Stocks and contracts in progress3€6,198€55,587▲
Stocks30/36€6,198€55,587▲
Amounts receivable within one year40/41€446,790€79,322▼
Trade receivables40€400,000€20,297▼
Other amounts receivable41€46,790€59,024▲
Cash at bank and in hand54/58€38€6▼
Deferred charges and accrued income490/1€1,123€2,934▲
Equity and liabilities
Total equity and liabilities10/49€2.6m€3.1m▲
Equity10/15€649,546€532,879▼
Contributions10/11€228,296€228,296=
Reserves13€421,250€421,250=
Distributable reserves133€421,250€421,250=
Profit (loss) carried forward14--€116,667
Amounts payable17/49€2.0m€2.5m▲
Amounts payable after more than one year17€1.2m€1.7m▲
Financial debts170/4€1.2m€1.7m▲
Amounts payable within one year42/48€793,836€781,757▼
Current portion of amounts payable after more than one year42€98,473€149,895▲
Financial debts43€60,000€6,627▼
Credit institutions430/8€60,000€6,627▼
Trade debts44€143,721€75,674▼
Suppliers440/4€143,721€75,674▼
Taxes, remuneration and social security45€311,921€419,902▲
Taxes450/3€300,678€419,902▲
Remuneration and social security454/9€11,243€0▼
Other amounts payable47/48€179,721€129,659▼
Accrued charges and deferred income492/3€2,567€0▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43,180€88,686▲
Other operating charges640/8€14,633€10,278▼
Gross operating margin9900€384,602€35,485▼
Operating profit (loss)9901€326,788-€63,479▼
Financial income75/76B€7€410▲
Recurring financial income75€7€410▲
Financial charges65/66B€24,671€53,393▲
Recurring financial charges65€24,671€53,393▲
Profit (loss) for the period before taxes9903€302,124-€116,461▼
Income taxes67/77€72,478€206▼
Profit (loss) for the period9904€229,646-€116,667▼
Profit (loss) for the period to be appropriated9905€229,646-€116,667▼
Appropriation of the result
Profit (loss) to be appropriated9906€229,646-€116,667▼
Transfer to equity691/2€229,646€0▼
To other reserves6921€229,646€0▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70,843€28,641€43,180€88,686▲ 105%
Other operating charges640/8€13,205€10,146€14,633€10,278▼ 29.8%
Gross operating margin9900€335,866€83,105€384,602€35,485▼ 90.8%
Operating profit (loss)9901€251,817€44,318€326,788-€63,479▼ 119%
Financial income75/76B--€7€410▲ 5,545%
Recurring financial income75--€7€410▲ 5,545%
Financial charges65/66B€17,274€29,966€24,671€53,393▲ 116%
Recurring financial charges65€17,274€29,966€24,671€53,393▲ 116%
Profit (loss) for the period before taxes9903€234,543€14,352€302,124-€116,461▼ 139%
Income taxes67/77€53,664€3,627€72,478€206▼ 99.7%
Profit (loss) for the period9904€180,878€10,725€229,646-€116,667▼ 151%
Profit (loss) for the period to be appropriated9905€180,878€10,725€229,646-€116,667▼ 151%
Line2021202220232024Change
Assets
Total assets20/58€2.1m€2.1m€2.6m€3.1m▲ 15.4%
Fixed assets21/28€1.8m€1.8m€2.2m€2.9m▲ 33.1%
Tangible fixed assets22/27€1.3m€1.3m€1.7m€2.4m▲ 38.9%
Land and buildings22€1.3m€1.3m€1.7m€2.4m▲ 38.9%
Financial fixed assets28€475,000€475,000€475,000€532,900▲ 12.2%
Current assets29/58€330,908€283,485€454,150€137,848▼ 69.6%
Stocks and contracts in progress3-€6,198€6,198€55,587▲ 797%
Stocks30/36-€6,198€6,198€55,587▲ 797%
Amounts receivable within one year40/41€328,160€273,000€446,790€79,322▼ 82.2%
Trade receivables40€328,160€83,549€400,000€20,297▼ 94.9%
Other amounts receivable41-€189,451€46,790€59,024▲ 26.1%
Cash at bank and in hand54/58€2,748€1,212€38€6▼ 85.0%
Deferred charges and accrued income490/1-€3,075€1,123€2,934▲ 161%
Equity and liabilities
Total equity and liabilities10/49€2.1m€2.1m€2.6m€3.1m▲ 15.4%
Equity10/15€409,174€419,900€649,546€532,879▼ 18.0%
Contributions10/11€228,296€228,296€228,296€228,296=
Reserves13€180,878€191,604€421,250€421,250=
Distributable reserves133€180,878€191,604€421,250€421,250=
Profit (loss) carried forward14----€116,667-
Amounts payable17/49€1.7m€1.7m€2.0m€2.5m▲ 26.3%
Amounts payable after more than one year17€1.4m€1.3m€1.2m€1.7m▲ 45.1%
Financial debts170/4€1.4m€1.3m€1.2m€1.7m▲ 45.1%
Amounts payable within one year42/48€293,198€385,739€793,836€781,757▼ 1.5%
Current portion of amounts payable after more than one year42€95,231€96,869€98,473€149,895▲ 52.2%
Financial debts43-€16,453€60,000€6,627▼ 89.0%
Credit institutions430/8-€16,453€60,000€6,627▼ 89.0%
Trade debts44€3,161€37,539€143,721€75,674▼ 47.3%
Suppliers440/4€3,161€37,539€143,721€75,674▼ 47.3%
Taxes, remuneration and social security45€73,006€180,357€311,921€419,902▲ 34.6%
Taxes450/3€73,006€180,357€300,678€419,902▲ 39.7%
Remuneration and social security454/9--€11,243€0▼ 100%
Other amounts payable47/48€121,799€54,521€179,721€129,659▼ 27.9%
Accrued charges and deferred income492/3--€2,567€0▼ 100%
Line2021202220232024Change
Profit (loss) for the period9904€180,878€10,725€229,646-€116,667▼ 151%
+ Depreciation and write-downs630€70,843€28,641€43,180€88,686▲ 105%
Operating cash flow (approximation)€251,722€39,366€272,827-€27,981▼ 110%
Investment in fixed assets (approximation)--€82,462-€414,353-€813,270▼ 96.3%
Change in cash--€1,536-€1,174-€33▲ 97.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
29-09
State Gazette act General meeting · Director resignation
Director appointment · Permanent representative
2025
17-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€116,667
Net result drops to -€116,667, the lowest in the series.
23-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
11-03
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 224 days late
2023
31-12
Financial Highest result since 2021net €229,646 ▲2,041%
Operating result €326,788, net result €229,646, both a record.
31-12
Financial Equity above €500,000Eq €649,546 ▲54.7%
3 profitable years in a row build equity to €649,546.
12-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 499 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Roeselare · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
3,142 m²
Building footprint
841 m²
Volume, LiDAR
6,434 m³
Parcel 36505C1024/00E002, Flanders · tallest building 27.3 m, ±3 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
ETERNEL
Regina Wautersweg 12, 8800 RoeselareFinancial service activities, except insurance and pension funding
since 20212.312.243.735
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36505C1024/00E002 Flanders 3,142 m² 1 · 841 m² 27.3 m · 3 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.

Structure & network

Owners and holdings

2 holdings

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 2

According to the 2024 annual accounts of ETERNEL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 34,166 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
Founded17-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID 0208:0761690619
Also 9925:BE0761690619
Registered 30-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.