ETIVOET
ActiveSummary
ETIVOET has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.03M and a net result of €400k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 54% of 310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+3
Solvency71▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.36 in 2024; short-term debt: 30% and cash: 5.3% of total assets), but 54.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
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
45.7%
Return on assets
6%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
9 d early
2023
28 d early
2022
38 d early
2021
27 d early
2020
24 d early
2019
43 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.03M▲ 15.2%
2024 · €2.63M
2018: €1.07M
2019: €1.17M
2020: €1.32M
2021: €1.65M
2022: €2.17M
2023: €2.40M
2024: €2.63M
2018 → 2025
Total assets
€6.62M▼ 5.2%
2024 · €6.99M
2018: €4.51M
2019: €4.91M
2020: €5.96M
2021: €5.65M
2022: €7.79M
2023: €7.41M
2024: €6.99M
2018 → 2025
Net result
€400k▲ 78.0%
2024 · €225k
2018: €63k
2019: €100k
2020: €145k
2021: €333k
2022: €523k
2023: €234k
2024: €225k
2018 → 2025
Working capital
€1.36M▲ 37.6%
2024 · €989k
2018: €761k
2019: €761k
2020: €758k
2021: €670k
2022: €1.17M
2023: €1.05M
2024: €989k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.65M-€2.17M▲ 31.7%€2.40M▲ 10.8%€2.63M▲ 9.3%€3.03M▲ 15.2%
Operating result€303k-€530k▲ 74.9%€340k▼ 35.8%€362k▲ 6.5%€529k▲ 46.2%
Net result€333k-€523k▲ 56.9%€234k▼ 55.2%€225k▼ 4.0%€400k▲ 78.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 46% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.62M
Fixed assets
€3.28M ▲ 1.3%
Current assets
€3.34M ▼ 10.9%
Equity and liabilities €6.62M
Equity
€3.03M ▲ 15.2%
Debt
€3.59M ▼ 17.5%
Debt's share of the balance-sheet total falls from 62.4% to 54.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.19M▲
2024 · €1.01M
Cash flow
€1.06M▲
2024 · €871k
Current ratio
1.69▲
2024 · 1.36
Quick ratio
1.12▲
2024 · 0.94
Debt to equity
1.19▼
2024 · 1.66
ROE
13.2%▲
2024 · 8.5%
ROA
6.0%▲
2024 · 3.2%
Interest coverage
11.67▲
2024 · 7.07
Debt ≤ 1 year
€1.98M▼
2024 · €2.76M
Debt > 1 year
€1.58M▼
2024 · €1.60M
Income taxes
€97k▲
2024 · €65k
Staff costs
€2.37M▲
2024 · €2.03M
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.99M€6.62M▼
Fixed assets21/28€3.24M€3.28M▲
Intangible fixed assets21€33k€23k▼
Tangible fixed assets22/27€3.15M€3.21M▲
Plant, machinery and equipment23€804k€1.44M▲
Furniture and vehicles24€192k€304k▲
Other tangible fixed assets26€209k€173k▼
Assets under construction and advance payments27€1.94M€1.29M▼
Financial fixed assets28€56k€49k▼
Current assets29/58€3.75M€3.34M▼
Amounts receivable after more than one year29-€7k
Other amounts receivable291-€7k
Stocks and contracts in progress3€1.16M€1.13M▼
Stocks30/36€1.16M€1.13M▼
Amounts receivable within one year40/41€1.77M€1.85M▲
Trade receivables40€1.48M€1.57M▲
Other amounts receivable41€300k€281k▼
Cash at bank and in hand54/58€791k€350k▼
Deferred charges and accrued income490/1€22k€10k▼
Equity and liabilities
Total equity and liabilities10/49€6.99M€6.62M▼
Equity10/15€2.63M€3.03M▲
Contributions10/11€300k€300k=
Reserves13€610k€610k=
Tax-exempt reserves132€53k€53k=
Distributable reserves133€557k€557k=
Profit (loss) carried forward14€1.72M€2.12M▲
Amounts payable17/49€4.36M€3.59M▼
Amounts payable after more than one year17€1.60M€1.58M▼
Financial debts170/4€1.60M€1.58M▼
Amounts payable within one year42/48€2.76M€1.98M▼
Current portion of amounts payable after more than one year42€587k€646k▲
Financial debts43€1.03M€581k▼
Credit institutions430/8€1.03M€581k▼
Trade debts44€793k€449k▼
Suppliers440/4€793k€449k▼
Taxes, remuneration and social security45€296k€277k▼
Taxes450/3€165-
Remuneration and social security454/9€295k€277k▼
Other amounts payable47/48€57k€32k▼
Accrued charges and deferred income492/3-€27k
Income statement
Code20242025
Non-recurring operating income76A€45k€181k▲
Remuneration, social security and pensions62€2.03M€2.37M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€646k€663k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€8k
Other operating charges640/8€7k€5k▼
Gross operating margin9900€3.05M€3.57M▲
Operating profit (loss)9901€362k€529k▲
Financial income75/76B€70k€70k=
Recurring financial income75€70k€70k=
Financial charges65/66B€142k€102k▼
Recurring financial charges65€142k€102k▼
Profit (loss) for the period before taxes9903€289k€497k▲
Income taxes67/77€65k€97k▲
Profit (loss) for the period9904€225k€400k▲
Profit (loss) for the period to be appropriated9905€225k€400k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.72M€2.12M▲
Profit (loss) brought forward from the previous period14P€1.49M€1.72M▲
Social balance
Average headcount (FTE)908730.834.4▲
The notes to these accounts (22 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
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €523k ▲56.9%
Operating result €530k, net result €523k, both a record.
31-12
Financial
Equity above €2MEq €2.17M ▲31.7%
5 profitable years in a row build equity to €2.17M.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-05
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
10 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, Deinze · 1 establishment unit since 1984
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.
E 3 laan 439800 DeinzeGround area
5,067 m²
Building footprint
2,771 m²
Volume, LiDAR
13,139 m³
Parcel 44054B0820/00L000, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
E 3 laan 43, 9800 Deinze
since 19842.009.902.059
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054B0820/00L000 | Flanders | 5,067 m² | 1 · 2,771 m² | 6.9 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 13 entries · 123,769 EUR awarded · 117,587 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 34,901 EUR | 33,270 EUR |
| 2024 | 3 | 31,606 EUR | 29,026 EUR |
| 2023 | 3 | 28,240 EUR | 28,879 EUR |
| 2022 | 3 | 29,022 EUR | 26,412 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies voor internationaal ondernemen
Premie kwalificerend werkplekleren
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Dual-learning approval
1 live approvalFlexodrukker duaal (so)
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Of 1,600 companies in sector 18120 we hold annual accounts for 808. 270 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
Founded24-05-1984
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.