Financials
- Financial year
- 2023
- Total assets
- €85,726
- Profit
- €37,447
- Solvency
- 63.5%
Total assets▲ 115%
Net result
20182023
ETICS
ActiveSummary
The computed 12-month bankruptcy probability of ETICS is 13.6% (high). For ETICS, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €54,475 and a net result of €37,447. Equity is growing by about 35% per year across the filed financial years. Its solvency ranks better than 79% of 3,576 sector peers (NACE 43, financial year 2023). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries (see administrative flags).
Overview
Activity
General electrical installation work
NACE 43211
1 site
Size
€85,726total assets 2023
- Equity
- €54,475
- Profit
- €37,447
Financial health
- Bankruptcy probabilitywithin 12 months
- 13.6%
2023 figures too old to score
Structure
Accounts 440 days overdue0 of 5 deeds read
Signalsraises riskFigures for financial year 2023 (filed 26-09-2024)2 financial years not filed after the legal deadline; latest accounts 49 days late; 3 of the last 3 lateSize: total assets €85,726Ex-officio strike-off in the KBOTwo or more financial years not filedAdministrative warnings in the KBO publicationsneutralFiled after the deadlineShow the evidence
Bankruptcy probability
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Strong
Solvency
89-9
equity 63.5% of total assets
Liquidity
42-32
short-term debt 26.1% · cash 1.8%
Profitability
100=
return on assets 43.7%
Bankruptcy probability, 12 months
13.6%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.3%
12-2024: 2.3%● unchanged vs 11-2024
01-2025: 2.2%▼ -0.1 percentage points vs 12-2024
02-2025: 2.2%● unchanged vs 01-2025
03-2025: 2.2%● unchanged vs 02-2025
04-2025: 2.2%● unchanged vs 03-2025
05-2025: 2.2%● unchanged vs 04-2025
06-2025: 2.2%● unchanged vs 05-2025lowest value
07-2025: 2.5%▲ +0.3 percentage points vs 06-2025
08-2025: 3.2%▲ +0.7 percentage points vs 07-2025
09-2025: 3.5%▲ +0.3 percentage points vs 08-2025
10-2025: 3.9%▲ +0.4 percentage points vs 09-2025
11-2025: 4.0%▲ +0.1 percentage points vs 10-2025
12-2025: 5.1%▲ +1.1 percentage points vs 11-2025
01-2026: 10.0%▲ +4.9 percentage points vs 12-2025
02-2026: 10.0%● unchanged vs 01-2026
03-2026: 10.2%▲ +0.2 percentage points vs 02-2026
04-2026: 9.5%▼ -0.7 percentage points vs 03-2026
05-2026: 9.5%● unchanged vs 04-2026
06-2026: 9.5%● unchanged vs 05-2026
07-2026: 9.5%● unchanged vs 06-2026
08-2026: 12.4%▲ +2.9 percentage points vs 07-2026
09-2026: 12.4%● unchanged vs 08-2026
10-2026: 13.6%▲ +1.2 percentage points vs 09-2026highest value
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Signals
Seven signals.
raises riskneutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline14-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 18-09-2024, 49 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
49 days late
2022
31 days late
2021
463 days late
2020
830 days late
2018
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 275 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Late accounts filingStrikeout withdrawn
- Annual accounts filedfinancial year 2023 · full…
- Highest result from 2018 to 2023net €37,447 ▲251%
- Strikeout withdrawnKBO administration
Key points
By topic
Timeline
- Events
- 38
- Since
- 1991
- 08-11-2023Annual accounts filed
- 06-11-2023Annual accounts filed
- 15-09-2023Late accounts filing
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General electrical installation workNACE 43211
- Founded
- 16-01-1990
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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