Etex New Ways

Active

Public limited companyfounded 1977active for 49 yearsLuchthaven Brussel Nationaal 1K, 1930 Zaventem, Belgium34 active companies are registered at this addressKBO/BCE: BE 0416.906.988

Summary

The annual accounts of Etex New Ways for financial year 2025 show a net loss of 144% of total assets and of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €49.4m and a net result of -€81.7m. Equity is growing by about 59% per year across the filed financial years. Its solvency ranks better than 93% of 1,675 sector peers (NACE 62, financial year 2025). The company has been active since 1977 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow Report Compare

Etex New WaysActiveChecked score 55/100

Risk analysis Report Compare

Activity

Computer consultancy and computer facilities management

NACE 62200Other information technology and computer services NACE 62900

4th largest company by equity in Zaventem, Telecoms and IT sector1 site

Size

€681,631turnover 2025

Staff: 4.5 FTE
Equity: €49.4m
Loss: -€81.7m

Financial health

55 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.7%

Structure

Parent: Eternit Investment SARL · 100%
Holdings: 4

Giulio PollinaDirector

Auditor: BV PwC BedrijfsrevisorenAccounts 63 days early3 of 40 deeds read

Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €81.7m, the second in a row (financial year 2025)Liquidity: current ratio 0.21lowers riskSize: turnover €681,631, 4.5 FTE, total assets €56.6mSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2025

55 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 47% of its sector peers (NACE 62, micro)

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 100=

equity 87.3% of total assets

Liquidity 99-1

short-term debt 11.1%

Profitability 0=

return on assets -144.3%

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,870 companies, NACE 62, micro)

Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.5%▲ +0.1 percentage points vs 04-2025 06-2025: 0.4%▼ -0.1 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026lowest value 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.7%▲ +0.3 percentage points vs 06-2026highest value 08-2026: 0.7%● unchanged vs 07-2026highest value 09-2026: 0.7%● unchanged vs 08-2026highest value 10-2026: 0.7%● unchanged vs 09-2026highest value

Credit of up to €65,000 on 30-day terms, only on tighter conditions

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity insufficient (current ratio 0.21, compared with 2.49 in 2024, below 1; short-term debt: 11.1% of total assets), and 12.7% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 85% on solvency, 90% on liquidity, 5% on profitability and 9% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Loss of €81.7m, the second in a row (financial year 2025)

NBB · annual accounts

Liquidity: current ratio 0.21

NBB · annual accounts

Size: turnover €681,631, 4.5 FTE, total assets €56.6m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Sector: Computer programming, consultancy and related activities (NACE 62)

KBO

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€81.7m

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

63 days early

2024

36 days early

2023

48 days early

2022

46 days early

2021

46 days early

2020

30 days early

2019

3 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 39 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

10-06-2026 Resignation: Melchior de Vogüé (director)Gazette deed
29-05-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Weakest financial yearnet -€81.7m

Key points

Risk: 7 loss-making years in a rowloss financial year 2025 -€81.7m View
Caution: Among the weakest 5% on net resultsector median €36,859 · 1,677 companies -€81.7m View
Caution: Turnover fell in 2025from €1.5m to €681,631 ▼ 53.9% View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Caution: A director leftlatest change 28-05-2026 · 1 in office 1 left View
Controlled by Eternit Investment SARLultimately: ETEX NV 100% View
Active since 1977founded 28-01-1977 49 years View

By topic

Financials

Financial year: 2025
Turnover: €681,631
Loss: -€81.7m
Solvency: 87.3%

Turnover▼ 53.9%

Net result

20212025

Go to Financials

Board & ownership

Board: 1 member
Parent: Eternit Investment SARL · 100%
Auditor: BV PwC Bedrijfsrevisoren

Giulio PollinaDirector

Go to Board & ownership

Network & group

Group: ETEX NV
Subsidiaries: 4

4 subsidiaries

Go to Network & group

Timeline

Events: 57
Since: 1978
Next accounts: by 31-07-2027

25-06-2025Annual accounts filed
11-06-2025Permanent representatives: Sofie Van Grieken and Peter…
31-12-2024Liquidity more than 566 times

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Computer consultancy and computer facilities managementNACE 62200
Founded: 28-01-1977
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 1

See the provisions in the deeds

Go to Articles of association

Key facts about Etex New Ways

What is the company number of Etex New Ways?: 0416.906.988. In Belgium the VAT number is the company number with BE in front: BE 0416.906.988.
Where is Etex New Ways based?: The registered office is at Luchthaven Brussel Nationaal 1K, 1930 Zaventem.Company details
What does Etex New Ways do?: According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
What is the legal form of Etex New Ways?: Public limited company (NV).
When was Etex New Ways founded?: On 28-01-1977.
Is Etex New Ways still active?: Yes, Etex New Ways is an active enterprise in the KBO register.
How many employees does Etex New Ways have?: On average 4.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Etex New Ways?: €681,631 in financial year 2025, according to the filed annual accounts.
Is Etex New Ways profitable?: In financial year 2025, Etex New Ways made a loss of €81.7m.
Where can I find the annual accounts of Etex New Ways?: Etex New Ways filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Etex New Ways due?: By 31-07-2027, for financial year 2026.Timeline