Ethernetics
ActiveFrom the official registers: KBO 7 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Ethernetics has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.0m) and a net result of -€572,982. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 3,387 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Official details
KBO- Status
- Active since 03-05-2018 Normal situation
- Legal form
- Private limited company
- Registered office
- Steenweg 56, 9570 Lierde
- Activity
- Other information technology and computer services NACE 62900
- Establishment units
- 2.276.027.695 9570 Lierde, since 07-05-2018
- 2.357.402.381 1000 Brussel, since 15-01-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 04-07-2025
Who decides
- SCHAEKEN-WILLEMAERS FrançoisDirector · since 03-03-2023
- Lionel Van DongenDirector · since 30-05-2025
- Vincent CharlierDirector
- Kristof SymonsDirector
- François MouffletDirector
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Turnover
- €127,265
- Loss
- €572,982
- ▼ 39.2%
- Equity
- -€1.0m
- ▼ 126%
- Total assets
- €1.1m
- ▼ 14.3%
Why 53raises riskCapped at 59: negative equityLoss of €572,982, the second in a row (financial year 2025)Negative equity -€1.0mlowers riskSize: turnover €127,265, total assets €1.1mSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 3% on solvency, 40% on liquidity, 5% on profitability and 2% on growth.
The bankruptcy probability was computed on 31-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 8 days after 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)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 31-07-2026
- Format
- abbreviated format
- Reference
- 2026-00361525
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €495,737 in 2025 against €872,541 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
- 2023 Total assets +102% on 2022. Capital increase of €1,682,431 (Official Gazette 06-06-2023).
Peer companies
Historical observationOf the 562 companies that looked in July 2024 the way this one looks now, 7.1% went bankrupt within 24 months and 86.8% are still going.
- Small
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 562 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | €127,265 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €222,860 | - |
| Remuneration, social security and pensions62 | - | - | €169 | - | €194 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,885 | €8,445 | €71,494 | €164,888 | €268,980 | €369,533 | €399,143 | ▲ 8.0% |
| Other operating charges640/8 | - | - | €175 | €623 | €282 | €221 | €999 | ▲ 352% |
| Gross operating margin9900 | -€4,615 | -€280,309 | -€251,962 | -€518,284 | -€421,929 | -€502,787 | -€95,595 | ▲ 81.0% |
| Operating profit (loss)9901 | -€19,550 | -€288,929 | -€323,801 | -€683,795 | -€691,384 | -€872,541 | -€495,737 | ▲ 43.2% |
| Financial income75/76B | - | - | €115 | €190 | €76 | - | - | - |
| Recurring financial income75 | €107 | €12 | €115 | €190 | €76 | - | - | - |
| Financial charges65/66B | - | - | €45,374 | €69,804 | €35,257 | €70,155 | €77,245 | ▲ 10.1% |
| Recurring financial charges65 | €505 | €853 | €45,374 | €69,804 | €35,257 | €70,155 | €77,245 | ▲ 10.1% |
| Profit (loss) for the period before taxes9903 | -€19,948 | -€289,770 | -€369,059 | -€753,409 | -€726,565 | -€942,696 | -€572,982 | ▲ 39.2% |
| Profit (loss) for the period9904 | -€19,948 | -€289,770 | -€369,059 | -€753,409 | -€726,565 | -€942,696 | -€572,982 | ▲ 39.2% |
| Profit (loss) for the period to be appropriated9905 | -€19,948 | -€289,770 | -€369,059 | -€753,409 | -€726,565 | -€942,696 | -€572,982 | ▲ 39.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.3m | €0.7m | €0.8m | €0.9m | €1.8m | €1.3m | €1.1m | ▼ 14.3% |
| Formation expenses20 | €0 | €0 | €0 | €0 | - | - | - | - |
| Fixed assets21/28 | €0.04m | €0.03m | €0.6m | €0.8m | €1.2m | €1.1m | €0.8m | ▼ 27.6% |
| Intangible fixed assets21 | €0.03m | €0.03m | €0.6m | €0.8m | €1.1m | €1.1m | €0.8m | ▼ 27.5% |
| Tangible fixed assets22/27 | €0.005m | €0.004m | €0.004m | €0.001m | €0.04m | €0.03m | €0.02m | ▼ 29.7% |
| Plant, machinery and equipment23 | - | - | €0.001m | €179 | €0.04m | €0.03m | €0.02m | ▼ 29.7% |
| Furniture and vehicles24 | - | - | €0.003m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 30.3% |
| Financial fixed assets28 | - | - | - | - | - | €0.001m | - | - |
| Current assets29/58 | €0.3m | €0.7m | €0.1m | €0.1m | €0.7m | €0.1m | €0.3m | ▲ 95.0% |
| Stocks and contracts in progress3 | €0.003m | €0.003m | €0.003m | €0.003m | €0.1m | €0.08m | €0.1m | ▲ 66.2% |
| Stocks30/36 | - | - | €0.003m | €0.003m | €0.1m | €0.08m | €0.1m | ▲ 66.2% |
| Amounts receivable within one year40/41 | €0.08m | €0.05m | €0.02m | €0.04m | €0.2m | €0.01m | €0.01m | ▼ 8.0% |
| Trade receivables40 | - | - | €0.005m | - | - | €0.009m | - | - |
| Other amounts receivable41 | - | - | €0.01m | €0.04m | €0.2m | €0.004m | €0.01m | ▲ 194% |
| Cash at bank and in hand54/58 | €0.2m | €0.6m | €0.1m | €0.06m | €0.4m | €0.04m | €0.1m | ▲ 188% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.01m | €37 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.3m | €0.7m | €0.8m | €0.9m | €1.8m | €1.3m | €1.1m | ▼ 14.3% |
| Equity10/15 | €52 | -€0.3m | -€0.06m | -€0.5m | €0.5m | -€0.5m | -€1.0m | ▼ 126% |
| Contributions10/11 | €0.02m | - | €0.6m | €1.0m | €2.6m | €2.6m | €2.6m | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.3m | -€0.7m | -€1.4m | -€2.2m | -€3.1m | -€3.7m | ▼ 18.5% |
| Amounts payable17/49 | €0.3m | €1.0m | €0.8m | €1.4m | €1.4m | €1.7m | €2.1m | ▲ 22.8% |
| Amounts payable after more than one year17 | €0.2m | €0.9m | €0.6m | €0.9m | €0.8m | €1.3m | €1.7m | ▲ 37.3% |
| Financial debts170/4 | - | - | €0.6m | €0.9m | €0.8m | €1.3m | €1.7m | ▲ 37.3% |
| Amounts payable within one year42/48 | €0.06m | €0.05m | €0.2m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 21.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.2m | - | - | - |
| Trade debts44 | €0.06m | €0.05m | €0.2m | €0.4m | €0.2m | €0.3m | €0.2m | ▼ 21.2% |
| Suppliers440/4 | - | - | €0.2m | €0.4m | €0.2m | €0.3m | €0.2m | ▼ 21.2% |
| Taxes, remuneration and social security45 | - | - | €0.006m | - | - | - | €345 | - |
| Taxes450/3 | - | - | €0.006m | - | - | - | €345 | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.07m | €0.07m | €0.2m | €0.2m | ▼ 12.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,948 | -€289,770 | -€369,059 | -€753,409 | -€726,565 | -€942,696 | -€572,982 | ▲ 39.2% |
| + Depreciation and write-downs630 | €14,885 | €8,445 | €71,494 | €164,888 | €268,980 | €369,533 | €399,143 | ▲ 8.0% |
| Operating cash flow (approximation) | -€5,063 | -€281,325 | -€297,565 | -€588,521 | -€457,585 | -€573,163 | -€173,839 | ▲ 69.7% |
| Investment in fixed assets (approximation) | - | €0 | -€678,661 | -€326,809 | -€624,678 | -€342,516 | -€87,696 | ▲ 74.4% |
| Change in cash | - | €444,296 | -€516,014 | -€36,530 | €319,547 | -€341,359 | €76,907 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00361525 | NBB |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00475512 | |
| 31-12-2023 | abbreviated format | 02-07-2024 | 2024-00195287 | |
| 31-12-2022 | abbreviated format | 02-07-2023 | 2023-00187958 | |
| 31-12-2021 | abbreviated format | 21-07-2022 | 2022-20209982 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-61200230 | |
| 31-12-2019 | abbreviated format | 30-09-2020 | 2020-57100445 |
Similar companies · same sector and region
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €298,936 awarded · €300,736 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €0 | €60,936 |
| 2024 | 1 | €0 | €119,000 |
| 2023 | 2 | €0 | €120,800 |
| 2022 | 1 | €298,936 | €0 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| SCHAEKEN-WILLEMAERS François |
|
| Lionel Van Dongen |
|
| Vincent Charlier |
|
| Kristof Symons |
|
| François Moufflet |
|
| Future Generation BV |
|
| Bert Heyens |
|
| VARIOZA |
|
| Adriaan Debruyne |
|
| SOMERHAUSEN Michaël |
|
| CORNELIS Gunthram |
|
| Bonus Eventus |
|
| Rokkyo |
|
| François-Xavier Schaeken |
|
Owners and capital
Owners
4 ownersChain of control
- FUTURE GENERATION
- Ethernetics
Owners 4
- FUTURE GENERATIONparent55.45%
-
5.77%
-
1.52%
-
29,399 shares
Capital and shareholders
- 06-06-2023 Capital increase of €1,682,430.75 · 747,747 new shares · in kind
- 06-06-2023 Capital increase of €11 · 38,556 new shares · in cash
Group and network
Connections & network
5 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
17-09
Gazette deed
Appointments: Vincent Charlier, François Moufflet and Kristof Symons4 facts ▸
- General meeting, 24-06-2026
- Director appointment, Vincent Charlier (independent director)
- Director appointment, François Moufflet (independent director)
- Director appointment, Kristof Symons (independent director)
14-08
Gazette deed
Resignations: Adriaan Debruyne, Future Generation BV and Bert HeyensPermanent representative: Gert De Spiegeleer · Appointment: Lionel Van Dongen (independent director)7 facts ▸
- Director resignation, Adriaan Debruyne (director)
- General meeting, 17-07-2025
- Director resignation, Future Generation BV (director)
- Permanent representative, Gert De Spiegeleer
- Director appointment, Lionel Van Dongen (independent director)
- Director resignation, Bert Heyens (director)
- Director in office, Lionel Van Dongen (director)
25-03
Gazette deed
Resignation: VARIOZA BV (director)Permanent representative: Christian Vermeiren3 facts ▸
- Director resignation, VARIOZA BV (director)
- Permanent representative, Christian Vermeiren
- Other provision, 25039970, “publicatiecode” (deed in Dutch)
06-06
Gazette deed
Resignations: CORNELIS Gunthram (director) and SOMERHAUSEN Michaël (director)Appointments: VARIOZA (director) and SCHAEKEN-WILLEMAERS François (director) · Permanent representative: VERMEIREN Christian · Auditor report29 facts ▸
- General meeting, 26-05-2023
- Auditor report, “Berchem-Antwerpen”, EUR (deed in Dutch)
- Capital increase, €1,682,430.75
- Share issue, “inbreng van schuldvorderingen in vennootschap, zekere,vaststaande en opeisbare schuldvorderingen ten laste van vennootschap zoals beschreven in verslagen” (deed in Dutch)
- Other provision, “vaststelling verwezenlijking bijkomende inbreng in natura en verzoek aan notaris akte te nemen, beschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles, 5 (3 times)
- Other provision, “verzaking aan het opstellen van de uitgifteverslaggeving” (deed in Dutch)
- Capital increase, €11
- Other provision, “afstand van het voorkeurrecht” (deed in Dutch)
- Share issue, “nieuwe aandelen”, 38556 (deed in Dutch)
- Bank account, “vennootschap, BE60 7430 9403 7470” (deed in Dutch)
- Capital contribution, €11
- +17 further facts in this act
Show earlier events
24-11
Gazette deed
Resignations: BV BONUS EVENTUS (director) and BV ROKKYO (director)Permanent representatives: DEZUTTER Jan and LEUNE Robert · Appointments: Bert Heyens, Michael Somerhausen and 2 others · Director discharge11 facts ▸
- General meeting, 24-08-2022
- Director resignation, BV BONUS EVENTUS (director)
- Director resignation, BV ROKKYO (director)
- Permanent representative, DEZUTTER Jan
- Permanent representative, LEUNE Robert
- Director discharge, BV BONUS EVENTUS
- Director discharge, BV ROKKYO
- Director appointment, Bert Heyens (director)
- Director appointment, Michael Somerhausen (director)
- Director appointment, Adriaan Debruyne (director)
- Director appointment, Gunthram Cornelis (director)
03-06
Gazette deed
Appointments: Michaël Somerhausen (class A director) and François-Xavier Schaeken (class B director)6 facts ▸
- Director appointment, Michaël Somerhausen (class A director)
- Director appointment, François-Xavier Schaeken (class B director)
- General meeting, “bijzondere algemene vergadering, benoeming van 4 B-bestuurders” (deed in Dutch)
- Director in office, Bonus Eventus BV (director)
- Director in office, Rokkyo BV (director)
- Director in office, Future Generation BV (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
2 establishment units
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21804D1049/00D002 | Brussels | 4,348 m² | 1 · 4,347 m² | 26.2 m · 7 |
| 45050B0421/00K000 | Flanders | 1,757 m² | 1 · 207 m² | 6.2 m · 1 |
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.