ETINCEL
ActiveSummary
ETINCEL has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€82,142) and a net result of -€7,000. Equity is shrinking by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 2610 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€82,142
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
18 d late
2023
30 d late
2022
21 d early
2021
51 d early
2020
17 d late
2019
28 d late
← 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 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · 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 10 July (4 of the last 5 filed years within 51 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#7 oldest company in Ohey
Equity
-€82,142▼ 9.3%
2024 · -€75,142
Total assets
€4,613▼ 12.1%
2024 · €5,251
Net result
-€7,000▲ 16.4%
2024 · -€8,378
Working capital
-€82,142▼ 9.3%
2024 · -€75,142
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,105▼ 164%-€6,413▼ 25.6%-€20,468▼ 219%-€8,204▲ 59.9%-€6,837▲ 16.7%
Net result-€5,078below the sector's middle half▼ 147%-€6,546below the sector's middle half▼ 28.9%-€20,598below the sector's middle half▼ 215%-€8,378below the sector's middle half▲ 59.3%-€7,000below the sector's middle half▲ 16.4%
Equity-€39,619below the sector's middle half▼ 14.7%-€46,166below the sector's middle half▼ 16.5%-€66,764below the sector's middle half▼ 44.6%-€75,142below the sector's middle half▼ 12.5%-€82,142below the sector's middle half▼ 9.3%
Total assets€20,124below the sector's middle half▲ 1.1%€21,605below the sector's middle half▲ 7.4%€9,493below the sector's middle half▼ 56.1%€5,251below the sector's middle half▼ 44.7%€4,613below the sector's middle half▼ 12.1%
Debt€59,744▲ 9.7%€67,771▲ 13.4%€76,257▲ 12.5%€80,392▲ 5.4%€86,755▲ 7.9%
Working capital-€39,619below the sector's middle half▼ 14.7%-€46,166below the sector's middle half▼ 16.5%-€66,764below the sector's middle half▼ 44.6%-€75,142below the sector's middle half▼ 12.5%-€82,142below the sector's middle half▼ 9.3%
Solvency-196.9%below the sector's middle half▼ 23.4pp-213.7%below the sector's middle half▼ 16.8pp-703.3%below the sector's middle half▼ 489.6pp
Current ratio0.34below the sector's middle half▼ 0.030.32below the sector's middle half▼ 0.020.12below the sector's middle half▼ 0.190.07below the sector's middle half▼ 0.06
Return on assets (ROA)-25.2%below the sector's middle half▼ 14.9pp-30.3%below the sector's middle half▼ 5.1pp-217.0%below the sector's middle half▼ 186.7pp-159.6%below the sector's middle half▲ 57.4pp
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,837 in 2025 against €8,204 in 2024; the loss shrinks.
Key figures and ratios
Debt ≤ 1 year
€86,755▲
2024 · €80,392
Ratios withheld: a balance sheet total of €4,613 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,621 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €15,613 | - | - | - |
| Other operating charges640/8 | €1,520 | €175 | €175 | €175 | €175 | = |
| Gross operating margin9900 | -€3,585 | -€6,238 | -€4,681 | -€8,029 | -€6,662 | ▲ 17.0% |
| Operating profit (loss)9901 | -€5,105 | -€6,413 | -€20,468 | -€8,204 | -€6,837 | ▲ 16.7% |
| Financial income75/76B | €147 | €1 | - | - | - | - |
| Recurring financial income75 | €147 | €1 | - | - | - | - |
| Financial charges65/66B | €120 | €134 | €130 | €173 | €163 | ▼ 6.0% |
| Recurring financial charges65 | €120 | €134 | €130 | €173 | €163 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | -€5,078 | -€6,546 | -€20,598 | -€8,378 | -€7,000 | ▲ 16.4% |
| Profit (loss) for the period9904 | -€5,078 | -€6,546 | -€20,598 | -€8,378 | -€7,000 | ▲ 16.4% |
| Profit (loss) for the period to be appropriated9905 | -€5,078 | -€6,546 | -€20,598 | -€8,378 | -€7,000 | ▲ 16.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,124 | €21,605 | €9,493 | €5,251 | €4,613 | ▼ 12.1% |
| Current assets29/58 | €20,124 | €21,605 | €9,493 | €5,251 | €4,613 | ▼ 12.1% |
| Stocks and contracts in progress3 | €18,341 | €17,711 | €1,562 | €1,562 | €1,562 | = |
| Stocks30/36 | €18,341 | €17,711 | €1,562 | €1,562 | €1,562 | = |
| Amounts receivable within one year40/41 | €825 | €2,250 | €4,163 | €2,653 | €2,158 | ▼ 18.7% |
| Trade receivables40 | €801 | €1,662 | €3,260 | €1,200 | - | - |
| Other amounts receivable41 | €24 | €588 | €903 | €1,453 | €2,158 | ▲ 48.5% |
| Cash at bank and in hand54/58 | €958 | €1,644 | €2,953 | €1,036 | €893 | ▼ 13.8% |
| Deferred charges and accrued income490/1 | - | - | €815 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,124 | €21,605 | €9,493 | €5,251 | €4,613 | ▼ 12.1% |
| Equity10/15 | -€39,619 | -€46,166 | -€66,764 | -€75,142 | -€82,142 | ▼ 9.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €3,718 | €3,718 | €3,718 | €3,718 | €3,718 | = |
| Non-distributable reserves130/1 | €744 | €744 | €744 | €744 | €744 | = |
| Reserves not available under the articles1311 | €744 | €744 | €744 | €744 | €744 | = |
| Distributable reserves133 | €2,975 | €2,975 | €2,975 | €2,975 | €2,975 | = |
| Profit (loss) carried forward14 | -€61,930 | -€68,476 | -€89,074 | -€97,452 | -€104,452 | ▼ 7.2% |
| Amounts payable17/49 | €59,744 | €67,771 | €76,257 | €80,392 | €86,755 | ▲ 7.9% |
| Amounts payable within one year42/48 | €59,744 | €67,771 | €76,257 | €80,392 | €86,755 | ▲ 7.9% |
| Trade debts44 | €248 | €2,858 | €3,762 | €539 | €52 | ▼ 90.4% |
| Suppliers440/4 | €248 | €2,858 | €3,762 | €539 | €52 | ▼ 90.4% |
| Other amounts payable47/48 | €59,496 | €64,913 | €72,495 | €79,853 | €86,703 | ▲ 8.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,078 | -€6,546 | -€20,598 | -€8,378 | -€7,000 | ▲ 16.4% |
| Operating cash flow (approximation) | -€5,078 | -€6,546 | -€20,598 | -€8,378 | -€7,000 | ▲ 16.4% |
| Change in cash | - | €686 | €1,309 | -€1,917 | -€143 | ▲ 92.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
State Gazette act
Appointments: Nancy GRAINDORGE (non-statutory director) and Vincent PIOT (non-statutory director)Registered-office move5 facts ▸
State Gazette act
Appointments: Nancy GRAINDORGE (non-statutory director) and Vincent PIOT (non-statutory director)
Registered-office move5 facts ▸
- Other statement, nature des modifications, Modifications non statutaires
- General meeting, 08-07-2026
- Director appointment, Nancy GRAINDORGE (non-statutory director)
- Director appointment, Vincent PIOT (non-statutory director)
- Registered-office move, Rue Gasnière 6a,4530 Vieux-Waleffe
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€20,598
Net result drops to -€20,598, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 1 act read
Directors · office · real estate
Directors
2 directors, no change since 2026
Nancy GRAINDORGE
CurrentNon-statutory director · since 08-07-2026
Vincent PIOT
CurrentNon-statutory director · since 08-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ohey · 1 establishment unit since 1986
Ground area
1,960 m²
Building footprint
317 m²
Volume, LiDAR
534 m³
2 parcels, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Nicolas Jadot 1 4, 4500 Huy
since 19862.036.476.693
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92099A0099/00T000 | Wallonia | 1,443 m² | 1 · 256 m² | - |
| 61007A0046/00F000 | Wallonia | 516 m² | 1 · 61 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Nancy GRAINDORGE |
|
| Vincent PIOT |
|
Articles of association
Other statement
Responsable technique à la gestion journalière, définition du rôle de Bernard WILMET
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,378 companies in sector 95311 we hold annual accounts for 2,963. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-07-1986
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429129285
Also
9925:BE0429129285
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.