Financials · financial year 2025, full format
Annual accounts 2025 filed on 16-06-2026 at the NBB all 33 filings
2020 to 2025, 5 financial years 2020 to 2025, 5 financial years
The operating result for 2025 is a loss of €419,183, smaller than the loss of €773,865 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as EthiasCo: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €82m and €956m, founded between 1876 and 1971.
| Company | Founded | Total assets | Equity | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| EthiasCo Liège | 1924 | €247.0m | €242.8m | €0.003m | €10.4m | - | 2025 |
| FININDUS Zelzate | 1926 | €181.0m | €180.4m | - | -€3.4m | - | 2025 |
| De Eik Dilbeek | 1971 | €216.4m | €194.5m | €0.01m | €2.0m | 3.5 | 2025 |
| Bloemmolens van Geel Deinze | 1929 | €82.5m | €82.4m | - | €2.4m | - | 2025 |
| Compagnie Internationale des Wagons-Lits et du Tourisme Brussel | 1876 | €547.4m | €195.6m | - | €18.7m | 5.9 | 2025 |
| Peltzer & Fils SA Dison | 1968 | €81.9m | €80.1m | - | €7.0m | - | 2025 |
| VPK Group Dendermonde | 1935 | €956.3m | €719.4m | - | €86.3m | 76 | 2025 |
They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €0.003m | €0.002m | €0.003m | ▲ 28.6% |
| Turnover70 | - | - | €0.003m | €0.002m | €0.003m | ▲ 28.6% |
| Operating charges60/66A | - | - | €0.7m | €0.8m | €0.4m | ▼ 45.6% |
| Services and other goods61 | - | - | €0.6m | €0.7m | €0.4m | ▼ 46.8% |
| Other operating charges640/8 | - | - | €0.05m | €0.04m | €0.03m | ▼ 1.7% |
| Non-recurring operating charges66A | - | - | - | €0.01m | - | - |
| Operating profit (loss)9901 | - | - | -€0.7m | -€0.8m | -€0.4m | ▲ 45.8% |
| Financial income75/76B | - | - | €10.1m | €11.1m | €10.8m | ▼ 2.8% |
| Recurring financial income75 | - | - | €10.1m | €11.1m | €10.8m | ▼ 2.8% |
| Income from financial fixed assets750 | - | - | €9.8m | €10.3m | €10.6m | ▲ 3.5% |
| Income from current assets751 | - | - | €0.3m | €0.3m | €0.2m | ▼ 38.6% |
| Other financial income752/9 | - | - | - | €0.6m | - | - |
| Financial charges65/66B | - | - | -€0.08m | €0.006m | €0.004m | ▼ 40.2% |
| Recurring financial charges65 | - | - | -€0.08m | €0.006m | €0.004m | ▼ 40.2% |
| Debt charges650 | - | - | €0.003m | €0.002m | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | -€0.09m | €0 | - | - |
| Other financial charges652/9 | - | - | €0.004m | €0.004m | €0.004m | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | - | - | €9.5m | €10.3m | €10.4m | ▲ 0.5% |
| Income taxes67/77 | - | - | €338 | -€0.004m | - | - |
| Taxes670/3 | - | - | €338 | €214 | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.004m | - | - |
| Profit (loss) for the period9904 | - | - | €9.5m | €10.3m | €10.4m | ▲ 0.4% |
| Profit (loss) for the period to be appropriated9905 | - | - | €9.5m | €10.3m | €10.4m | ▲ 0.4% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €210.2m | €218.7m | €233.5m | €240.4m | €247.0m | ▲ 2.7% |
| Fixed assets21/28 | - | - | €208.1m | €220.7m | €221.3m | ▲ 0.3% |
| Financial fixed assets28 | - | - | €208.1m | €220.7m | €221.3m | ▲ 0.3% |
| Companies linked by participating interests282/3 | - | - | €199.0m | €210.7m | €211.0m | ▲ 0.1% |
| Participating interests282 | - | - | €199.0m | €210.7m | €211.0m | ▲ 0.1% |
| Other financial fixed assets284/8 | - | - | €9.1m | €10.0m | €10.4m | ▲ 3.9% |
| Shares284 | - | - | €9.1m | €10.0m | €10.4m | ▲ 3.9% |
| Current assets29/58 | - | - | €25.4m | €19.7m | €25.6m | ▲ 30.0% |
| Amounts receivable after more than one year29 | - | - | €1.9m | €1.6m | €1.7m | ▲ 6.5% |
| Other amounts receivable291 | - | - | €1.9m | €1.6m | €1.7m | ▲ 6.5% |
| Amounts receivable within one year40/41 | - | - | €2.2m | €2.3m | €4.6m | ▲ 102% |
| Trade receivables40 | - | - | - | €0.01m | €0.005m | ▼ 47.3% |
| Other amounts receivable41 | - | - | €2.2m | €2.3m | €4.6m | ▲ 103% |
| Current investments50/53 | - | - | €17.5m | €11.8m | €11.8m | = |
| Other investments51/53 | - | - | €17.5m | €11.8m | €11.8m | = |
| Cash at bank and in hand54/58 | - | - | €3.8m | €4.0m | €7.4m | ▲ 87.9% |
| Deferred charges and accrued income490/1 | - | - | €0.002m | €0.002m | €0.02m | ▲ 943% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €210.2m | €218.7m | €233.5m | €240.4m | €247.0m | ▲ 2.7% |
| Equity10/15 | - | - | €230.1m | €236.8m | €242.8m | ▲ 2.6% |
| Contributions10/11 | - | - | €99.8m | €99.7m | €99.5m | ▼ 0.2% |
| Reserves13 | - | - | €91.6m | €91.6m | €91.6m | = |
| Non-distributable reserves130/1 | - | - | €10.0m | €10.0m | €10.0m | = |
| Reserves not available under the articles1311 | - | - | €10.0m | €10.0m | €10.0m | = |
| Distributable reserves133 | - | - | €81.6m | €81.6m | €81.6m | = |
| Profit (loss) carried forward14 | - | - | €38.7m | €45.4m | €51.6m | ▲ 13.7% |
| Amounts payable17/49 | - | - | €3.3m | €3.6m | €4.1m | ▲ 14.5% |
| Amounts payable within one year42/48 | - | - | €3.3m | €3.6m | €4.1m | ▲ 14.5% |
| Trade debts44 | - | - | €0.03m | €0.007m | €0.005m | ▼ 20.6% |
| Suppliers440/4 | - | - | €0.03m | €0.007m | €0.005m | ▼ 20.6% |
| Taxes, remuneration and social security45 | - | - | €0.007m | €0.005m | €0.005m | ▲ 2.4% |
| Taxes450/3 | - | - | €0.007m | €0.005m | €0.005m | ▲ 2.4% |
| Other amounts payable47/48 | - | - | €3.3m | €3.6m | €4.1m | ▲ 14.6% |
| Accrued charges and deferred income492/3 | - | - | - | €302 | €65 | ▼ 78.5% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | - | €9.5m | €10.3m | €10.4m | ▲ 0.4% |
| Operating cash flow (approximation) | - | - | €9.5m | €10.3m | €10.4m | ▲ 0.4% |
| Investment in fixed assets (approximation) | - | - | - | -€12.6m | -€0.7m | ▲ 94.8% |
| Change in cash | - | - | - | €0.1m | €3.5m | ▲ 27× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 16-06-2026 | 2026-00185129 | NBB |
| 31-12-2024 | unclassified schema | 17-06-2025 | 2025-00159049 | |
| 31-12-2023 | unclassified schema | 14-06-2024 | 2024-00138886 | |
| 31-12-2022 | unclassified schema | 13-06-2023 | 2023-00137662 | |
| 31-12-2021 | full format | 13-06-2022 | 2022-20070353 | |
| 31-12-2020 | full format | 06-07-2021 | 2021-31800398 | |
| 31-12-2019 | full format | 06-07-2020 | 2020-27200509 | |
| 31-12-2018 | full format | 25-06-2019 | 2019-24200140 | |
| 31-12-2017 | full format | 05-07-2018 | 2018-30600553 | |
| 31-12-2016 | unclassified schema | 18-07-2017 | 2017-35000432 |