Etilux

Active

Public limited companyfounded 197253 yrs activeRue de l'Espérance 42, 4000 Liège, BelgiumKBO/BCE: BE 0412.681.550

Summary

Etilux has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €648,395 and a net result of €130,503. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 17% of 5730 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch Report Compare

EtiluxActiveChecked score 80/100

Risk analysis Report Compare

Activity

Wholesale trade

NACE 46492NACE 51475

1 site

Size

€4.4mtotal assets 2025

Staff: 42 FTE
Equity: €648,395
Profit: €130,503

Financial health

80 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.6%

Structure

Parent: B.B.L.C. · 93.36%
Board: 3 members
Holdings: 1

Auditor: AXYLIUM AUDIT - LIEGEAccounts 42 d early2 of 23 deeds read

Why 80- Equity €648,395 (14.9% of total assets)- Liquidity: current ratio 1.05, cash €280,662- Sector Wholesale trade (NACE 46)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025

80 / 100

Excellent

Probability in this band: under 0.55%

Better than 37% of its sector peers (NACE 46, small)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 40+1

equity 14.9% of total assets

Liquidity 14+5

short-term debt 81.2% · cash 6.4%

Profitability 54+12

return on assets 3.0%

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,373 companies)

Last 24 months 11-2024: 2.5%highest value 12-2024: 2.5%● 0.0% vs 11-2024highest value 01-2025: 2.5%● 0.0% vs 12-2024highest value 02-2025: 2.4%▼ -2.9% vs 01-2025 03-2025: 2.4%● 0.0% vs 02-2025 04-2025: 2.4%● 0.0% vs 03-2025 05-2025: 2.4%▲ +0.3% vs 04-2025 06-2025: 2.5%▲ +1.8% vs 05-2025 07-2025: 1.1%▼ -56.1% vs 06-2025 08-2025: 1.1%● 0.0% vs 07-2025 09-2025: 1.1%● 0.0% vs 08-2025 10-2025: 1.1%● 0.0% vs 09-2025 11-2025: 1.1%● 0.0% vs 10-2025 12-2025: 1.1%● 0.0% vs 11-2025 01-2026: 1.1%● 0.0% vs 12-2025 02-2026: 1.0%▼ -3.3% vs 01-2026 03-2026: 1.1%▲ +1.3% vs 02-2026 04-2026: 1.1%● 0.0% vs 03-2026 05-2026: 1.1%▲ +0.6% vs 04-2026 06-2026: 1.1%▲ +2.2% vs 05-2026 07-2026: 0.6%▼ -49.5% vs 06-2026lowest value 08-2026: 0.6%● 0.0% vs 07-2026lowest value 09-2026: 0.6%● 0.0% vs 08-2026lowest value 10-2026: 0.6%● 0.0% vs 09-2026lowest value

Equity €648,395 (14.9% of total assets) raises the probability
Liquidity: current ratio 1.05, cash €280,662 raises the probability
Sector Wholesale trade (NACE 46) raises the probability
Legal form Public limited company lowers the probability

Credit up to €50,000 at 30 days acceptable

Liquidity tight (current ratio 1.05 against 0.98 in 2024; short-term debt: 81.2% and cash: 6.4% of total assets), and 85.1% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 17%, liquidity 11%, profitability 36%, growth against the median 85%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Equity €648,395 (14.9% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Liquidity: current ratio 1.05, cash €280,662

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Sector Wholesale trade (NACE 46)

In the bankruptcy model this factor raises the probability.

KBO

Legal form Public limited company

In the bankruptcy model this factor lowers the probability.

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5730 sector peers (2025).

NBB · sector comparison

Position among 5730 sector peers

Solvency

better than 17%

← weakest strongest →

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €648,395

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

42 d early

2024

48 d early

2023

29 d late

2022

32 d early

2021

5 d early

2020

47 d early

2019

2 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 June (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

03-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

10-07-26 Resignation: SA TIB (director)Permanent representatives: Jean-Louis Rampen, Benoit…
19-06-26 Annual accounts filedfiscal year 2025 · full…
28-05-26 Resignation: Vincent DOUMIER (director)Appointments: W Conseil SRL (member…

Key points

Positive: Result rose in 2025from €37,710 to €130,503 ▲ 246% View
Caution: Among the weakest 17% on solvencysector median 45.5% · 5,730 companies 14.9% View
Board changedlatest change 10-07-2026 · 3 in office 2 joined · 2 left View
Controlled by B.B.L.C.known shareholders 93.36% 93.36% View
Active since 1972founded 05-10-1972 53 years View