ETH Europe
ActiveSummary
ETH Europe has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €2k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 24% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▲+4
Solvency43▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.19 in 2024; short-term debt: 82.1% and cash: 6.2% of total assets), and 82.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
17.9%
Return on assets
1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8001 sector peers (2025).
NBB · sector comparisonPosition among 8001 sector peers
Solvency
better than 24%
← weakest
strongest →
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 27-05-2026, 65 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
65 d early
2024
48 d early
2023
56 d early
2022
54 d early
2021
46 d early
2020
36 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€41k▲ 5.7%
2024 · €39k
2018: €26k
2019: €26k
2020: €29k
2021: €33k
2022: €37k
2023: €38k
2024: €39k
2018 → 2025
Total assets
€229k▼ 4.0%
2024 · €238k
2018: €262k
2019: €179k
2020: €175k
2021: €183k
2022: €212k
2023: €207k
2024: €238k
2018 → 2025
Net result
€2k▲ 244%
2024 · €642
2018: €6k
2019: €-238
2020: €3k
2021: €4k
2022: €4k
2023: €713
2024: €642
2018 → 2025
Working capital
€38k▲ 3.4%
2024 · €37k
2018: €25k
2019: €25k
2020: €29k
2021: €33k
2022: €36k
2023: €37k
2024: €37k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€37k▲ 12.3%€38k▲ 1.9%€39k▲ 1.7%€41k▲ 5.7%
Operating result€9k-€9k▲ 9.1%€8k▼ 12.3%€8k▲ 0.1%€8k▼ 5.1%
Net result€4k-€4k▲ 1.8%€713▼ 82.6%€642▼ 9.9%€2k▲ 244%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €229k
Fixed assets
€3k ▲ 54.0%
Current assets
€226k ▼ 4.4%
Equity and liabilities €229k
Equity
€41k ▲ 5.7%
Debt
€188k ▼ 5.9%
Debt's share of the balance-sheet total falls from 83.7% to 82.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▼
2024 · €9k
Cash flow
€3k▲
2024 · €1k
Current ratio
1.20▲
2024 · 1.19
Debt to equity
4.58▼
2024 · 5.15
ROE
5.4%▲
2024 · 1.7%
ROA
1.0%▲
2024 · 0.3%
Interest coverage
3.09▲
2024 · 2.78
Debt ≤ 1 year
€188k▼
2024 · €199k
Income taxes
€3k▼
2024 · €4k
Staff costs
€183k▲
2024 · €163k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€238k€229k▼
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23€661€392▼
Furniture and vehicles24€1k€2k▲
Current assets29/58€236k€226k▼
Amounts receivable within one year40/41€209k€207k▼
Trade receivables40€208k€205k▼
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€24k€14k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€238k€229k▼
Equity10/15€39k€41k▲
Contributions10/11€20k€20k=
Reserves13€6k€6k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€13k€15k▲
Amounts payable17/49€199k€188k▼
Amounts payable within one year42/48€199k€188k▼
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€14k€13k▼
Taxes450/3€9k€9k▲
Remuneration and social security454/9€5k€4k▼
Other amounts payable47/48€183k€168k▼
Income statement
Code20242025
Remuneration, social security and pensions62€163k€183k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€665€956▲
Other operating charges640/8€705€760▲
Gross operating margin9900€173k€192k▲
Operating profit (loss)9901€8k€8k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€5k€5k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€642€2k▲
Profit (loss) for the period to be appropriated9905€642€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€15k▲
Profit (loss) brought forward from the previous period14P€12k€13k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (6 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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-238 ▼104%
Net result drops to €-238, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Antwerpen
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.
Sint-Michielskaai 342000 AntwerpenGround area
93 m²
Building footprint
88 m²
Volume, LiDAR
1,761 m³
Parcel 11804D3488/00V000, Flanders · tallest building 21.9 m, ±7 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D3488/00V000 | Flanders | 93 m² | 1 · 88 m² | 21.9 m · 7 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
EASYFENCE INTERNATIONAL
BE 0781.972.032
Ath · Eq €40,865
Romastyle
BE 0460.623.504
Brakel · Eq €40,375
Pieter Jan Porters
BE 0563.640.670
Bonheiden · Eq €40,044
BOIS - ANTIQUE
BE 0683.955.710
Etterbeek · Eq €39,113
JARDIFOR
BE 0822.431.821
Sprimont · Eq €43,130
Of 857 companies in sector 46832 we hold annual accounts for 588. 228 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46832Wholesale of timber
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.