Ethercentrum

Active

Non-profit associationfounded 200520 yrs activeHolstraat 21, 9000 Gent, BelgiumKBO/BCE: BE 0877.091.618

Ethercentrum has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2017 annual accounts show negative equity (€-28k) and a net result of €14k. Equity is growing by ~33.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).

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Checked score

No current score

Figures too old

The available figures for FY 2017 are too old to assess current financial health.

Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.

Axes, FY 2017 · tick = 2016

Profitability64▼-7

Solvency3▲+3

Growth78=

Track record100

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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 2017

Solvency, return and age of the figures

Solvency

-21.9%

Return on assets

10.8%

Age of the figures

105 mo

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 71

Relative position

BE, all sectors

reference

Sector 71

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

No filing for years

The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2018 close31-07-2019 deadline22-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 12-04-2018, 110 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

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

Financials · fiscal year 2017, abbreviated schema

Equity

€-28k▲ 33.0%

2016 · €-42k

2013: €-106k 2014: €-81k 2015: €-59k 2016: €-42k

2013 → 2017

Total assets

€129k▲ 1.9%

2016 · €126k

2013: €154k 2014: €221k 2015: €200k 2016: €126k

2013 → 2017

Net result

€14k▼ 17.1%

2016 · €17k

2013: €12k 2014: €25k 2015: €22k 2016: €17k

2013 → 2017

Working capital

€27k▼ 6.3%

2016 · €29k

2013: €-50k 2014: €100k 2015: €89k 2016: €29k

2013 → 2017

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20132014201520162017Trend

Equity€-106k-€-81k▲ 23.7%€-59k▲ 27.6%€-42k▲ 28.5%€-28k▲ 33.0%

Operating result€21k-€33k▲ 59.8%€24k▼ 28.4%€19k▼ 21.5%€15k▼ 17.4%

Net result€12k-€25k▲ 104%€22k▼ 10.9%€17k▼ 25.3%€14k▼ 17.1%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2017 is 17% below 2016 and is the lowest result in the available series.

Balance-sheet composition

2017 in colour, 2016 as the grey bar beneath

Assets €129k

96.8%

Fixed assets €4k▲ 73.2%

Current assets €125k▲ 0.5%

Key figures and ratios

2017 value · change against 2016

EBITDA

€18k▼

2016 · €23k

Cash flow

€16k▼

2016 · €21k

Solvency

-21.9%▲

2016 · -33.3%

Current ratio

1.27▼

2016 · 1.30

Quick ratio

1.27▼

2016 · 1.30

Debt / equity

-1.78▼

2016 · -1.19

ROA

10.8%▼

2016 · 13.2%

Debt

€157k▼

2016 · €168k

Debt ≤ 1 year

€98k▲

2016 · €95k

Debt > 1 year

€50k=

2016 · €50k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2017 against 2016

Balance sheet Code20162017

Assets

Total assets20/58€126k€129k▲

Fixed assets21/28€2k€4k▲

Tangible fixed assets22/27€2k-

Financial fixed assets28€100€4k▲

Current assets29/58€124k€125k▲

Amounts receivable within one year40/41€93k€70k▼

Cash at bank and in hand54/58€27k€46k▲

Equity and liabilities

Total equity and liabilities10/49€126k€129k▲

Equity10/15€-42k€-28k▲

Profit (loss) carried forward14€-45k€-32k▲

Amounts payable17/49€168k€157k▼

Amounts payable after more than one year17€50k€50k=

Amounts payable within one year42/48€95k€98k▲

Trade debts44€15k€60k▲

Income statement Code20162017

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼

Gross operating margin9900€373k€230k▼

Operating profit (loss)9901€19k€15k▼

Recurring financial income75€29€6▼

Recurring financial charges65€2k€2k▼

Profit (loss) for the period before taxes9903€17k€14k▼

Profit (loss) for the period9904€17k€14k▼

Profit (loss) for the period to be appropriated9905€17k€14k▼

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2018

12-04

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

11-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

24-05

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2015

20-04

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

2014

31-12

Financial Highest result since 2013net €25k ▲104%

Operating result €33k, net result €25k, both a record.

31-12

Financial Liquidity triplescurrent ratio 1.86

Current ratio from 0.72 to 1.86; short-term debt falls from €180k to €117k.

01-07

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema

2013

29-04

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema

2012

24-04

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated schema

2011

26-04

NBB filing Annual accounts filed

fiscal year 2010 · abbreviated schema

2010

28-06

NBB filing Annual accounts filed

fiscal year 2009 · abbreviated schema

26-03

NBB filing Annual accounts filed

fiscal year 2008 · abbreviated schema · 238 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

8 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, Gent

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.

Holstraat 219000 Gent

Ground area

472 m²

Building footprint

227 m²

Volume, LiDAR

2,454 m³

Parcel 44815F1554/00M000, Flanders · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44815F1554/00M000 ProtectedTownscape or village viewHerenhuis: koetspoort en tuinSource ↗	Flanders	472 m²	1 · 227 m²	15.5 m · 4 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.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Public money · subsidies and aid

Flemish government

2022 to 2025 · 11 entries · 516,194 EUR awarded · 505,905 EUR paid

Year	Entries	awarded	paid
2025	2	128,388 EUR	127,818 EUR
2024	3	119,691 EUR	124,961 EUR
2023	3	97,332 EUR	117,988 EUR
2022	3	170,783 EUR	135,138 EUR

Schemes

Jeugdwerk: Werkingssubsidie voor een erkende vereniging informatie en participatie (Jeugddecreet 2012)

2 entries · 205,277 EUR · 194,988 EUR paid · Departement Cultuur, Jeugd en Media

Jeugd: Werkingssubsidie voor een erkende jeugdvereniging (Jeugddecreet 2012)

2 entries · 168,574 EUR · 168,574 EUR paid · Departement Cultuur, Jeugd en Media

Jeugdwerk: Projectsubsidie voor een initiatief van een erkende landelijk georganiseerde jeugdvereniging, cultuureducatieve vereniging of vereniging informatie en participatie (Jeugddecreet 2012)

2 entries · 74,946 EUR · 74,946 EUR paid · Departement Cultuur, Jeugd en Media

Cultuur: Tewerkstellingssubsidie voor een organisatie in het culturele veld volgens de Vlaamse Intersectorale Akkoorden (VIA) (Decreet Vlaamse Intersectorale Akkoorden 2004)

4 entries · 65,182 EUR · 65,182 EUR paid · Departement Cultuur, Jeugd en Media

Jeugd: Tussenkomst in de energiekosten van een organisatie voor landelijk jeugdwerk die een werkingssubsidie ontvangt (Uitgavendecreet)

1 entry · 2,215 EUR · 2,215 EUR paid · Departement Cultuur, Jeugd en Media