Etirol
ActiveSummary
Etirol has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233k and a net result of €35k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 90% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-14
Solvency100=
Growth66=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 9.83 against 15.47 in 2024; short-term debt: 9.2% and cash: 54.5% of total assets), and 9.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.4%
Return on assets
13.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-12-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
49 d early
2023
118 d early
2022
46 d early
2021
46 d early
2020
60 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€264k▲ 10.1%
2022 · €240k
2019: €233k
2020: €213k
2021: €207k
2022: €240k
2019 → 2023
EBIT margin
17.0%▼ 4.1pp
2022 · 21.1%
2019: 15.5%
2020: 17.9%
2021: 17.0%
2022: 21.1%
2019 → 2023
Net result
€35k▼ 36.3%
2024 · €54k
2019: €24k
2020: €29k
2021: €25k
2022: €40k
2023: €31k
2024: €54k
2019 → 2025
Working capital
€210k▲ 8.4%
2024 · €194k
2019: €93k
2020: €71k
2021: €102k
2022: €144k
2023: €175k
2024: €194k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€207k-€240k▲ 15.7%€264k▲ 10.1%
Equity€110k-€150k▲ 36.3%€181k▲ 20.6%€198k▲ 9.5%€233k▲ 17.5%
Operating result€35k-€51k▲ 43.3%€45k▼ 11.1%€64k▲ 41.5%€52k▼ 17.7%
Net result€25k-€40k▲ 60.4%€31k▼ 22.5%€54k▲ 76.1%€35k▼ 36.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €257k
Fixed assets
€23k ▲ 394%
Current assets
€234k ▲ 12.8%
Equity and liabilities €257k
Equity
€233k ▲ 17.5%
Debt
€25k ▲ 75.2%
Debt's share of the balance-sheet total rises from 6.6% to 9.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€59k▼
2024 · €65k
Cash flow
€41k▼
2024 · €56k
Current ratio
9.83▼
2024 · 15.47
Quick ratio
7.59▼
2024 · 11.04
Debt to equity
0.11▲
2024 · 0.07
ROE
14.9%▼
2024 · 27.5%
ROA
13.5%▼
2024 · 25.7%
Interest coverage
151.86▼
2024 · 154.83
Debt ≤ 1 year
€24k▲
2024 · €13k
Income taxes
€19k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€212k€257k▲
Fixed assets21/28€5k€23k▲
Intangible fixed assets21-€0
Tangible fixed assets22/27€3k€21k▲
Land and buildings22€3k€1k▼
Furniture and vehicles24-€20k
Financial fixed assets28€2k€2k=
Current assets29/58€207k€234k▲
Stocks and contracts in progress3€59k€53k▼
Stocks30/36€59k€53k▼
Amounts receivable within one year40/41€23k€40k▲
Trade receivables40€23k€34k▲
Other amounts receivable41-€6k
Current investments50/53€40k-
Cash at bank and in hand54/58€85k€140k▲
Equity and liabilities
Total equity and liabilities10/49€212k€257k▲
Equity10/15€198k€233k▲
Reserves13€45k€232k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€43k€230k▲
Profit (loss) carried forward14€153k€721▼
Amounts payable17/49€14k€25k▲
Amounts payable within one year42/48€13k€24k▲
Trade debts44€374€10k▲
Suppliers440/4€374€10k▲
Taxes, remuneration and social security45€13k€14k▲
Taxes450/3€13k€14k▲
Accrued charges and deferred income492/3€700€902▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€6k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€290€489▲
Other operating charges640/8€730€3k▲
Gross operating margin9900€66k€62k▼
Operating profit (loss)9901€64k€52k▼
Financial income75/76B€718€1k▲
Recurring financial income75€718€1k▲
Financial charges65/66B€420€387▼
Recurring financial charges65€420€387▼
Profit (loss) for the period before taxes9903€64k€53k▼
Income taxes67/77€10k€19k▲
Profit (loss) for the period9904€54k€35k▼
Profit (loss) for the period to be appropriated9905€54k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€153k€188k▲
Profit (loss) brought forward from the previous period14P€99k€153k▲
Transfer from equity791/2€19k-
Transfer to equity691/2-€187k
To other reserves6921-€187k
Profit to be distributed694/7€19k-
Return on contributions (dividend)694€19k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Equity above €200kEq €233k ▲17.5%
7 profitable years in a row build equity to €233k.
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €54k ▲76.1%
Operating result €64k, net result €54k, both a record.
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €150kEq €181k ▲20.6%
5 profitable years in a row build equity to €181k.
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €100kEq €110k ▲29.2%
3 profitable years in a row build equity to €110k.
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
12-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zwevegem · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gauwelstraat(H) 1438551 ZwevegemGround area
6,531 m²
Building footprint
827 m²
Volume, LiDAR
4,566 m³
Parcel 34014B1548/00A000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ETIROL
since 20002.097.055.272
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34014B1548/00A000 | Flanders | 6,531 m² | 1 · 827 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PRODUKTS MARC ROMMEL
BE 0444.211.993
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EYTAN PACK
BE 0836.455.051
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HINOA
BE 0712.888.731
Hoogstraten · Eq €243,232
BRON CORPORATION
BE 0802.958.575
Beveren-Kruibeke-Zwijndrecht · Eq €249,923
PRESS, INK & PAPER
BE 0898.161.008
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Of 192 companies in sector 46493 we hold annual accounts for 85. 63 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-11-1999
Fiscal year end30-06
Activities, NACEBEL 2025
46493Wholesale trade
17250Manufacture of paper and paper products
46499Wholesale of other household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.