ETEX

Active Risk: not assessed

Public limited companyfounded 194779 years activeLuchthaven Brussel Nationaal 1 K, 1930 Zaventem, BelgiumKBO/BCE: BE 0400.454.404

Summary

ETEX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.05bn and a net result of €29.2m. Equity is growing by about 11% per year across the filed fiscal years. Its solvency ranks better than 50% of 3,010 sector peers (NACE 64, fiscal year 2025). The company has been active since 1947 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

ETEXActive

Risk analysis Report Compare

Activity

Activities of holding companies

NACE 64210

#1 company by total assets in Zaventem, Finance and insurance sector2 sites

Size

€58.7mturnover 2025

Staff: 100.5 FTE
Equity: €2.05bn
Profit: €29.2m

Net result -82%: mergerStandalone figures, without subsidiaries

Financial health

Financial institution: outside the modelProbability: sector outside the model

Structure

Largest shareholder: Stichting Jekbouw · 42.69%
Board: 26 members
Holdings: 36

JoVBChair · permanent representative Johan Van Biesbroeck
Bernard DelvauxCEO

Auditor: BV PwC BedrijfsrevisorenAccounts 53 days early89 of 90 deeds read

SignalsneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model

Model not applicable to financial institutions

The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.

Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

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Signals

1 signal.

○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 08-06-2026, 53 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

53 days early

2024

43 days early

2023

51 days early

2022

55 days early

2021

38 days early

← before the deadline after the deadline →

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

This company filed its last 5 accounts on average 48 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.

Checked, nothing found (2)

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. Usually files around 11 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

09-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Checked from 2021 on.

KBO publications · our coverage

22-06-2026 Annual accounts filedfiscal year 2025 · consolidated
10-06-2026 Reappointments: MucH (director) and ViaBylity (director)State Gazette act
09-06-2026 Permanent representative: Bernard DelvauxAppointment: BCCONSEIL SRL (uitvoerend bestuurder…

Key points

Positive: Company by total assets in Zaventem, Finance and…in the Checked rankings #1 View
Result fell in 2025merger with ETEXCO ▼ 81.7% View
Heads a groupcompanies controlled · known shareholders 58.92% 44 View
Positive: 8 profitable years in a rowprofit 2025: €29.2m 8 years View
Active since 1947founded 02-06-1947 79 years View
Positive: Always filed on timeaccounts within the deadline every year 5 years View