ETM CONSTRUCT
ActiveThe file of ETM CONSTRUCT contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.
Summary
For ETM CONSTRUCT, at least two filing cycles of the annual accounts are missing. The computed 12-month bankruptcy probability is 8.7% (elevated). The 2023 annual accounts show equity of €60,542 and a net result of -€8,440. Equity is growing by about 4.2% per year across the filed financial years. Its solvency ranks better than 39% of 33,181 sector peers (NACE 43, financial year 2023).
Financials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 26 October 2026.
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result turns negative in 2023: a loss of €2,554 after €14,828 in 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,500 | €117 | ▼ 95.3% |
| Remuneration, social security and pensions62 | - | - | - | €3,611 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,812 | €11,112 | €1,678 | €493 | €4,768 | €3,541 | ▼ 25.7% |
| Other operating charges640/8 | - | - | - | €347 | €1,518 | €439 | ▼ 71.1% |
| Non-recurring operating charges66A | - | - | - | €1,500 | - | - | - |
| Gross operating margin9900 | €29,134 | €44,420 | €12,234 | -€1,706 | €21,114 | €1,426 | ▼ 93.2% |
| Operating profit (loss)9901 | €19,307 | €32,948 | €10,502 | -€7,657 | €14,828 | -€2,554 | - |
| Financial income75/76B | - | - | - | €1 | - | €74 | - |
| Recurring financial income75 | - | €1 | €46 | €1 | - | €74 | - |
| Financial charges65/66B | - | - | - | €2,946 | €1,609 | €8,119 | ▲ 405% |
| Recurring financial charges65 | €2,214 | €296 | €208 | €2,479 | €1,364 | €7,419 | ▲ 444% |
| Non-recurring financial charges66B | - | - | - | €467 | €245 | €700 | ▲ 186% |
| Profit (loss) for the period before taxes9903 | €16,453 | €32,653 | €9,365 | -€10,602 | €13,219 | -€10,599 | - |
| Income taxes67/77 | - | €5,066 | €1,458 | - | €2,917 | -€2,159 | - |
| Profit (loss) for the period9904 | €16,453 | €27,587 | €7,907 | -€10,602 | €10,302 | -€8,440 | - |
| Profit (loss) for the period to be appropriated9905 | €16,453 | €27,587 | €7,907 | -€10,602 | €10,302 | -€8,440 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €43,808 | €77,404 | €81,213 | €78,402 | €126,137 | €171,237 | ▲ 35.8% |
| Fixed assets21/28 | €9,500 | €1,612 | €515 | €4,623 | €9,355 | €3,038 | ▼ 67.5% |
| Tangible fixed assets22/27 | €9,500 | €1,612 | €515 | €4,623 | €9,355 | €3,038 | ▼ 67.5% |
| Plant, machinery and equipment23 | - | - | - | - | €773 | €22 | ▼ 97.2% |
| Furniture and vehicles24 | - | - | - | €4,623 | €8,582 | €3,016 | ▼ 64.9% |
| Current assets29/58 | €34,308 | €75,792 | €80,698 | €73,779 | €116,782 | €168,199 | ▲ 44.0% |
| Amounts receivable within one year40/41 | €22,378 | €30,848 | €32,990 | €52,591 | €78,049 | €96,079 | ▲ 23.1% |
| Trade receivables40 | - | - | - | €36,236 | €25,212 | €44,971 | ▲ 78.4% |
| Other amounts receivable41 | - | - | - | €16,355 | €52,837 | €51,108 | ▼ 3.3% |
| Cash at bank and in hand54/58 | €11,930 | €44,944 | €47,708 | €20,592 | €38,107 | €72,120 | ▲ 89.3% |
| Deferred charges and accrued income490/1 | - | - | - | €596 | €626 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €43,808 | €77,404 | €81,213 | €78,402 | €126,137 | €171,237 | ▲ 35.8% |
| Equity10/15 | €33,788 | €61,375 | €69,282 | €58,680 | €68,982 | €60,542 | ▼ 12.2% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €15,196 | €42,783 | €50,690 | €40,088 | €50,390 | €41,950 | ▼ 16.7% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €38,229 | €48,531 | €40,091 | ▼ 17.4% |
| Amounts payable17/49 | €10,020 | €16,029 | €11,931 | €19,722 | €57,155 | €110,695 | ▲ 93.7% |
| Amounts payable within one year42/48 | €10,020 | €16,029 | €11,931 | €19,722 | €57,155 | €110,695 | ▲ 93.7% |
| Trade debts44 | €8,403 | €9,345 | €5,840 | €12,426 | €44,768 | €100,927 | ▲ 125% |
| Suppliers440/4 | - | - | - | €12,426 | €44,768 | €100,927 | ▲ 125% |
| Taxes, remuneration and social security45 | - | - | - | €7,296 | €12,387 | €9,768 | ▼ 21.1% |
| Taxes450/3 | - | - | - | €7,296 | €12,387 | €9,768 | ▼ 21.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,453 | €27,587 | €7,907 | -€10,602 | €10,302 | -€8,440 | - |
| + Depreciation and write-downs630 | €9,812 | €11,112 | €1,678 | €493 | €4,768 | €3,541 | ▼ 25.7% |
| Operating cash flow (approximation) | €26,265 | €38,699 | €9,585 | -€10,109 | €15,070 | -€4,899 | - |
| Investment in fixed assets (approximation) | - | -€3,224 | -€581 | -€4,601 | -€9,500 | €2,776 | - |
| Change in cash | - | €33,014 | €2,764 | -€27,116 | €17,515 | €34,013 | ▲ 94.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 07-03-2025 | 2025-00044947 |
| 31-12-2022 | micro format | 22-12-2023 | 2023-00536473 |
| 31-12-2021 | full format | 18-11-2022 | 2022-20522047 |
| 31-12-2020 | full format | 16-12-2021 | 2021-80400440 |
| 31-12-2019 | full format | 08-10-2020 | 2020-60300155 |
| 31-12-2018 | full format | 30-12-2019 | 2019-77800562 |
| 31-12-2017 | full format | 31-08-2018 | 2018-60800438 |
| 31-12-2016 | full format | 30-09-2017 | 2017-65600565 |
| 31-12-2014 | full format | 30-09-2015 | 2015-63300407 |
| 31-12-2013 | full format | 31-08-2014 | 2014-57400272 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.