ETHOM
Annual accounts 2025
abbreviated format, filed on 01-09-2026, 32 days lateThe turnover shown is an estimate from the gross margin.
Turnover ≈ €4.3m. Estimated: probably between €3.6m and €5.8m.
Balance sheet
balance sheet total €709,999 on 31-12-2025in euro
in euro
Position in the sector
-23.1%
Higher than 7% of 13,246 companies in 2025.
0.77
Higher than 15% of 13,105 companies in 2025.
-37.8%
Lower than 95% of 13,168 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: top quarter
Staff
€25,827
Staff costs divided by the average number of full-time equivalents.
+6 people
In 2025, 83 people joined and 77 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
709,999 | 663,051 | 642,224 | |
20 |
1,249 | 1,805 | 2,362 | |
21/28 |
75,243 | 101,356 | 85,701 | |
22/27 |
73,743 | 99,856 | 84,201 | |
22 |
1,840 | 2,090 | 2,340 | |
23 |
14,820 | 21,374 | 6,248 | |
24 |
15,921 | 21,203 | 6,396 | |
25 |
41,162 | 55,190 | 69,217 | |
28 |
1,500 | 1,500 | 1,500 | |
29/58 |
633,507 | 559,889 | 554,161 | |
3 |
333,242 | 281,288 | 283,153 | |
30/36 |
333,242 | 281,288 | 283,153 | |
40/41 |
151,461 | 137,411 | 96,313 | |
40 |
95,410 | 73,943 | 77,834 | |
41 |
56,052 | 63,468 | 18,479 | |
54/58 |
136,553 | 123,325 | 172,355 | |
490/1 |
12,251 | 17,865 | 2,340 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
709,999 | 663,051 | 642,224 | |
10/15 |
-164,305 | 103,938 | 21,118 | |
10/11 |
20,000 | 20,000 | 20,000 | |
10 |
- | - | 20,000 | |
100 |
- | - | 20,000 | |
11 |
20,000 | 20,000 | - | |
1109/19 |
20,000 | 20,000 | - | |
13 |
83,938 | 83,938 | 1,118 | |
130/1 |
2,000 | 2,000 | 56 | |
130 |
- | - | 56 | |
1311 |
2,000 | 2,000 | - | |
133 |
81,938 | 81,938 | 1,062 | |
14 |
-268,243 | - | - | |
17/49 |
874,303 | 559,112 | 621,106 | |
17 |
24,348 | 34,797 | 44,484 | |
170/4 |
24,348 | 34,797 | 44,484 | |
42/48 |
818,315 | 478,881 | 558,155 | |
42 |
10,449 | 9,687 | 9,687 | |
44 |
628,580 | 311,532 | 442,020 | |
440/4 |
628,580 | 311,532 | 442,020 | |
45 |
179,286 | 157,662 | 106,448 | |
450/3 |
39,726 | 27,829 | 1,658 | |
454/9 |
139,560 | 129,833 | 104,790 | |
492/3 |
31,640 | 45,434 | 18,467 | |
| Income statement | ||||
9900 |
454,834 | 672,857 | 412,995 | |
62 |
653,417 | 522,092 | 393,461 | |
630 |
28,384 | 23,048 | 3,017 | |
640/8 |
3,014 | 1,495 | 698 | |
66A |
- | 2,412 | 464 | |
9901 |
-229,981 | 123,809 | 15,355 | |
75/76B |
4,062 | 1,433 | 279 | |
75 |
4,062 | 1,433 | 279 | |
65/66B |
42,324 | 19,840 | 12,858 | |
65 |
42,324 | 19,840 | 12,858 | |
9903 |
-268,243 | 105,402 | 2,776 | |
67/77 |
- | 22,581 | 1,658 | |
9904 |
-268,243 | 82,821 | 1,118 | |
9905 |
-268,243 | 82,821 | 1,118 | |
| Appropriation of the result | ||||
9906 |
-268,243 | 82,821 | 1,118 | |
691/2 |
- | 82,821 | 1,118 | |
6920 |
- | - | 56 | |
6921 |
- | 82,821 | 1,062 | |
| Social balance sheet | ||||
9087 |
25.3 | 29.5 | 21.1 | |
Hours worked1013 |
31,924 | 31,128 | 19,940 | |
| Document | ||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 01-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 32 days after the deadline. Filed on 1 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00496828.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -201,597 | 146,857 | 18,372 | ||
| -239,859 | 105,869 | 4,135 | ||
| 1,714 | 38,146 | 88,297 | ||
| 13,228 | -49,030 | - | ||
| -184,808 | 81,008 | -3,994 | ||
| -23.1% | 15.7% | 3.3% | ||
| 0.77 | 1.17 | 0.99 | ||
| 0.37 | 0.58 | 0.49 | ||
| - | 5.38 | 29.41 | ||
| - | 79.7% | 5.3% | ||
| -37.8% | 12.5% | 0.2% | ||
| -4.76 | 7.40 | 1.43 |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 35 | 29 | 33 |
| full-time | 6 | 5 | 5 |
| part-time | 29 | 24 | 28 |
| in full-time equivalents | 25.2 | 26 | 30.6 |
| 25.3 | 29.5 | 21.1 | |
| On a permanent contract | 10 | 12 | 12 |
| Joined | 83 | 67 | 54 |
| Left | 77 | 71 | 21 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €1,714 | €38,146 | €86,797 |
| Financial fixed assets | - | - | €1,500 |
| €28,384 | €23,048 | €3,017 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on ETHOM
The operating result for 2025 is a loss of €229,981, after a profit of €123,809 in 2024. It is the lowest result since 2023.
Equity is negative. Debt (€874,303) exceeds the balance-sheet total (€709,999).