Equity
-€29,543
Debts exceed assets in financial year 2025.
ETHYS REALISATION
Lifetime
2 annual accounts with figures on one time axispeak €19,285 (2024)
€5,227▼ 72.9%
lowest -€29,498 (2025)
-€29,498▼ €19,454
peak -€45 (2024)
-€29,543▼ €29,498
€538,811▲ 9.1%
Board2 names since 2023
2 directors and 1 other
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from €19,285 to €5,227Loss of €29,498Equity from -€45 to -€29,543Investments €38,369Cash from €4,621 to €8,782
Key points
from the 2025 annual accountsLosses
-€39,543 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €49,000 estimated
The micro format states no turnover.
Debts
€538,811 106% of the balance sheet
Financial debts 64%Suppliers 2%Taxes and wages 0%Other 33%
Of this, €191,515 falls due within a year.
Investments
€38,658 2.5 × depreciation
Green is investment, beige is depreciation.
Position in the sector
-€29,498
Lower net result than 95% of companies in specialised construction. Sector median €9,997 · 37,222 companies.
2025 accounts filed 27 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,252 companies had the same profile as ETHYS REALISATION has now. Each dot stands for 4 companies, two years later.
96.4%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,252 companies, not a prediction for ETHYS REALISATION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director
Director
- 500 sharesdeed of 21-12-2023
- 500 sharesdeed of 21-12-2023
Recent changes
Registered office moved within Sprimont
New registered office: Rue Bayette 18 à 4140 SPRIMONT · Previous registered office: Rue Vieille Voie de Liège 59 à 4140 SPRIMONT · General meeting of 02-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1003619705
Incorporation
Founding capital of €10,000, 1,000 shares · Founders: and · Appointments: (director) and (director) · published on 21-12-2023 · Gazette deed
First establishment
Rue Vieille Voie de Liège 59, Sprimont
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ETHYS REALISATION Sprimont | €509,268 | €5,227 | -5.8% | - |
| DENKA-INVEST Vilvoorde | €184,434 | €9,941 | 5.9% | - |
| ST.RENOV Tienen | €268,384 | €1,650 | 2.1% | - |
| Calterre Villers-le-Bouillet | €582,703 | -€14,849 | -109.0% | 3 |
| AFBRACO Dentergem | €160,790 | €10,993 | 63.7% | - |
| VERHEYDEN Zemst | €133,814 | €11,946 | 30.3% | - |
| Bouwservice Mere Erpe-Mere | €146,671 | €13,558 | 14.3% | - |
These companies have the same main activity as ETHYS REALISATION: demolition (NACE 43110). They are comparable in size and age: total assets between €134,000 and €583,000, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 19-12-2023Normal situation
- Activity
- DemolitionNACE 43110and 5 others
- Establishment unit
- 2.353.631.6554140 Sprimont, since 19-12-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 06-10-2025
Insights on ETHYS REALISATION
The 2025 annual accounts show negative equity (-€29,543) and a net result of -€29,498. Its solvency ranks better than 9% of 37,240 sector peers (NACE 43, financial year 2025).
The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ETHYS REALISATION
- What is the company number of ETHYS REALISATION?
- The company number of ETHYS REALISATION is 1003.619.705. The VAT number is the same number with BE in front: BE 1003.619.705.
- Where is ETHYS REALISATION based?
- The registered office is at Rue Bayette 18, 4140 Sprimont.Company details
- What does ETHYS REALISATION do?
- According to the KBO register, the main activity is demolition (NACE 43110).
- What is the legal form of ETHYS REALISATION?
- ETHYS REALISATION is a private limited company (BV).
- When was ETHYS REALISATION founded?
- ETHYS REALISATION was founded on 19-12-2023.
- Is ETHYS REALISATION still active?
- Yes, ETHYS REALISATION is an active enterprise in the KBO register.
- How many employees does ETHYS REALISATION have?
- ETHYS REALISATION had an average of 1.1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of ETHYS REALISATION?
- The turnover in financial year 2025 is ≈ €49,000. This figure is estimated from the gross margin of €5,227 and 44 comparable companies (NACE 431). It probably lies between €21,000 and €89,000. It is a rough estimate.
- Is ETHYS REALISATION profitable?
- In financial year 2025, ETHYS REALISATION made a loss of €29,498.
- Where can I find the annual accounts of ETHYS REALISATION?
- ETHYS REALISATION filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ETHYS REALISATION due?
- ETHYS REALISATION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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