ETEXCO
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
43 d early
2023
51 d early
2022
55 d early
2021
39 d early
2020
40 d early
2019
44 d early
2018
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€18.56M▲ 27.6%
2023 · €14.54M
2018: €1.16M
2019: €-7.66M
2020: €-2.05M
2021: €2.06M
2022: €2.41M
2023: €14.54M
2018 → 2024
Working capital
€32.72M
2023 · €-1.90M
2018: €745.58M
2019: €21.02M
2020: €55.33M
2021: €360.41M
2022: €103.16M
2023: €-1.90M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€551.81M-€553.87M▲ 0.4%€556.29M▲ 0.4%€570.83M▲ 2.6%€589.39M▲ 3.3%
Operating result€-2.24M-€-4.81M▼ 114%€-3.89M▲ 19.1%€-8.20M▼ 111%€-2.80M▲ 65.9%
Net result€-2.05M-€2.06M€2.41M▲ 17.1%€14.54M▲ 503%€18.56M▲ 27.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.80M in 2024 against €8.20M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €676.74M
Fixed assets
€557.71M ▼ 3.1%
Current assets
€119.03M ▼ 13.1%
Equity and liabilities €676.74M
Equity
€589.39M ▲ 3.3%
Provisions
€1.03M ▼ 61.1%
Debt
€86.32M ▼ 37.9%
Debt's share of the balance-sheet total falls from 19.5% to 12.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.38▲
2023 · 0.99
Debt to equity
0.15▼
2023 · 0.24
ROE
3.1%▲
2023 · 2.5%
ROA
2.7%▲
2023 · 2.0%
Debt ≤ 1 year
€86.31M▼
2023 · €138.86M
Income taxes
€5.75M▲
2023 · €2.40M
Staff costs
€3.67M▲
2023 · €3.46M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 66 lines
Balance sheet
Code20232024
Assets
Total assets20/58€712.40M€676.74M▼
Fixed assets21/28€575.44M€557.71M▼
Financial fixed assets28€575.44M€557.71M▼
Affiliated companies280/1€575.44M€557.71M▼
Participating interests280€90.03M€90.03M=
Amounts receivable281€485.42M€467.68M▼
Current assets29/58€136.96M€119.03M▼
Amounts receivable within one year40/41€133.17M€116.78M▼
Trade receivables40€40k€146k▲
Other amounts receivable41€133.13M€116.64M▼
Cash at bank and in hand54/58€269€347▲
Deferred charges and accrued income490/1€3.79M€2.24M▼
Equity and liabilities
Total equity and liabilities10/49€712.40M€676.74M▼
Equity10/15€570.83M€589.39M▲
Contributions10/11€548.78M€548.78M=
Capital10€548.78M€548.78M=
Issued capital100€548.78M€548.78M=
Reserves13€22.01M€40.57M▲
Non-distributable reserves130/1€11.61M€12.54M▲
Legal reserve130€11.61M€12.54M▲
Tax-exempt reserves132€2.24M€2.24M=
Distributable reserves133€8.15M€25.78M▲
Profit (loss) carried forward14€39k€39k=
Provisions and deferred taxes16€2.66M€1.03M▼
Provisions for liabilities and charges160/5€2.66M€1.03M▼
Pensions and similar obligations160€18k€16k▼
Other liabilities and charges164/5€2.64M€1.02M▼
Amounts payable17/49€138.92M€86.32M▼
Amounts payable within one year42/48€138.86M€86.31M▼
Financial debts43€134.28M€85.23M▼
Credit institutions430/8€134.28M€85.23M▼
Trade debts44€2.89M€100k▼
Suppliers440/4€2.89M€100k▼
Taxes, remuneration and social security45€1.68M€986k▼
Taxes450/3€609k€96k▼
Remuneration and social security454/9€1.07M€890k▼
Other amounts payable47/48€11k-
Accrued charges and deferred income492/3€57k€6k▼
Income statement
Code20232024
Operating income70/76A€815k€968k▲
Other operating income74€815k€968k▲
Operating charges60/66A€9.02M€3.77M▼
Services and other goods61€4.88M€1.71M▼
Remuneration, social security and pensions62€3.46M€3.67M▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€113k€-1.62M▼
Other operating charges640/8€559k€6k▼
Operating profit (loss)9901€-8.20M€-2.80M▲
Financial income75/76B€33.39M€34.00M▲
Recurring financial income75€33.39M€34.00M▲
Income from current assets751€33.33M€33.60M▲
Other financial income752/9€61k€396k▲
Financial charges65/66B€8.24M€6.90M▼
Recurring financial charges65€8.24M€6.90M▼
Debt charges650€7.47M€6.17M▼
Other financial charges652/9€769k€731k▼
Profit (loss) for the period before taxes9903€16.94M€24.31M▲
Income taxes67/77€2.40M€5.75M▲
Taxes670/3€2.40M€5.75M▲
Tax adjustments and reversals of tax provisions77€118€158▲
Profit (loss) for the period9904€14.54M€18.56M▲
Profit (loss) for the period to be appropriated9905€14.54M€18.56M▲
Appropriation of the result
Profit (loss) to be appropriated9906€6.97M€18.60M▲
Profit (loss) brought forward from the previous period14P€-7.58M€39k▲
Transfer to equity691/2€6.93M€18.56M▲
To the legal reserve6920€728k€929k▲
To other reserves6921€6.20M€17.63M▲
Social balance
Average headcount (FTE)90875.14.8▼
The notes to these accounts (35 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-08
State Gazette act
Board meeting · Merger
Accounting effect · Peter Van Melkebeke
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
06-06
State Gazette act
Merger · Accounting effect
Proposal date · Shareholding
2024
31-12
Financial
Highest result since 2018net €18.56M ▲27.6%
Net result €18.56M, the highest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €2.06M
Net result €2.06M after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.59
Current ratio from 1.50 to 3.59.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-7.66M ▼758%
Net result drops to €-7.66M, the lowest in the series.
Show earlier events
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:ETEX
Recognitions · licences · registrations
Legal Entity Identifier
549300VO7PUETX031S03