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 annual filings 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 has been growing by about 4.2% per year since 2018. Its solvency ranks better than 39% of 33,168 sector peers (NACE 43, financial year 2023).
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-08-1984 Normal situation
- Registered office
- 14 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Other specialised construction activities NACE 43990and 1 other
- Establishment unit
- 2.025.269.334 1480 Tubize, since 12-09-1984
- Financial year end
- 31 December
- Peppol
- Reachable since 08-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 8.7%
- Gross margin
- €1,426
- ▼ 93.2%
- Turnover
- ≈ €20,000
- estimated
- Loss
- €8,440
- Equity
- €60,542
- ▼ 12.2%
- Total assets
- €171,237
- ▲ 35.8%
- 2024 accounts not filed, 459 days past the deadline
Signalsraises riskFigures for financial year 2023 (filed on 07-03-2025)2 financial years not filed after the legal deadline; last filed accounts filed 219 days late; 3 of the last 3 accounts lateSize: total assets €171,237Two or more financial years not filed2023 accounts filed 219 days latelowers riskFounded in 1984neutralPrior bankruptcyShow the evidence
Bankruptcy probability
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
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Signals
The company filed its last 5 accounts on average 136 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
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Financials
Financials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are 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 2 November 2026.
Annual accounts 2023 filed on 07-03-2025 PDF all 35 filings
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is a loss of €2,554, after a profit of €14,828 in 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €4,600 | €9,500 | €826 |
| Depreciation and write-downs of the year | €493 | €4,768 | €3,541 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as ETM CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €128,000 and €197,000, founded between 1977 and 1991.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| ETM CONSTRUCT Tubize | 1984 | €171,237 | €60,542 | €1,426 | -€8,440 | - | 2023 |
| Alpha Création Oudergem | 1978 | €163,128 | €54,070 | €1,317 | -€8,779 | - | 2025 |
| BOUW EN PROMOTIONS Brugge | 1987 | €184,092 | €55 | -€9,807 | -€13,237 | - | 2025 |
| PRIMUSZ Kontich | 1989 | €197,139 | -€176,098 | -€14,988 | -€42,992 | - | 2025 |
| SHOP DESIGN Gent | 1977 | €155,248 | €99,190 | -€59,069 | -€117,797 | 0.7 | 2025 |
| DEWITTE POMPSERVICE Waasmunster | 1979 | €140,238 | €85,502 | -€13,108 | -€13,660 | - | 2025 |
| Rubara Beheer & Management Schoten | 1991 | €127,627 | €43,596 | €1,328 | -€6,788 | - | 2025 |
They were chosen from the 7,011 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
| 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% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 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 |
Board & ownership
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Clementine Malschalck Off.Park Green,Rue Du Panier Vert 70, 1400 Nivelles |
12-12-2024 → 06-02-2025 |
Owners and capital
Capital transactions
- 07-02-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BELLIA Pietro |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Assemblée majorité absolue ou actionnaire unique, frais généraux”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs, cessions entre vifs onéreux gratuit volontaires forcées”
Articles of association, deed of 07-02-2024 (in French)
Network & group
ETM CONSTRUCT shares no director with another company.
Companies at the same address
13 other companies- VALT CORPORATION Establishment · since 2025 1025756687
- BF INVESTIMENTO Registered office · since 2025 1024626539
- MUGANGA Registered office · since 2024 1014355922
- CLAUDI, NORMAN (sole trader) Establishment · since 2024 0525753955
- LE HENAFF, ISAAC (sole trader) Establishment · since 2024 0848338937
- LOZA INVEST Registered office · since 2023 1003205276
- BELLIA FAMILY INVEST Registered office · since 2023 0805983688
- Ndum Mbah, Elvis (sole trader) Establishment · since 2023 0801806156
- GROUP CICI Registered office · since 2018 0712825383
- Association des copropriétaires de la "Résidence rue de Bruxelles, 16" à 1480 Tubize, rue de Bruxelles, 16 Registered office · since 2017 0682679466
Connections & network
1 current directorThe network starts from the directors of ETM CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
07-02
Gazette deed
Change of role: BELLIA Pietro, from manager to directorAmendment of the articles · Capital conversion · Director discharge13 points ▸
- Amendment of the articles
- Other provision, “Apports, Chaque action donne un droit égal dans la répartition des bénéfices et des produits de la liquidation” (deed in French)
- General meeting, 25-01-2024
- Other provision, “adaptation_statuts_CSA, adapter” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible et apports non appelés” (deed in French)
- Other provision, “suppression compte indisponible, supprimer et rendre disponible pour distribution” (deed in French)
- Other provision, 25-01-2024
- Director resignation, BELLIA Pietro (manager)
- Director discharge, BELLIA Pietro (gérant démissionnaire)
- Director appointment, BELLIA Pietro (director (not named in the articles))
- Registered office clause, “1480 Tubize,Rue de Bruxelles,16” (deed in French)
- Other provision, “site_internet_adresse_électronique” (deed in French)
- The act holds 1 more point.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0426.135.153
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25105A0121/00E000 | Wallonia | 205 m² | 1 · 103 m² | - |