ETMG
Open bankruptcyA bankruptcy procedure is open for ETMG according to publications in the Belgian State Gazette; curator: FRANCOISE HANSSENS-ENSCH. The 2025 annual accounts show equity of €427k and a net result of €162k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
28 d late
2024
27 d late
2023
44 d late
2022
65 d late
2021
24 d late
2020
25 d late
2019
13 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€427k▲ 61.1%
2024 · €265k
2018: €69k
2019: €111k
2020: €149k
2021: €217k
2022: €218k
2023: €233k
2024: €265k
2018 → 2025
Total assets
€496k▲ 40.4%
2024 · €353k
2018: €413k
2019: €348k
2020: €319k
2021: €365k
2022: €275k
2023: €281k
2024: €353k
2018 → 2025
Net result
€162k▲ 403%
2024 · €32k
2018: €203k
2019: €49k
2020: €50k
2021: €76k
2022: €457
2023: €23k
2024: €32k
2018 → 2025
Working capital
€409k▲ 67.7%
2024 · €244k
2018: €-33k
2019: €12k
2020: €64k
2021: €59k
2022: €172k
2023: €209k
2024: €244k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€217k-€218k▲ 0.2%€233k▲ 6.8%€265k▲ 13.8%€427k▲ 61.1%
Operating result€112k-€13k▼ 88.4%€71k▲ 450%€106k▲ 49.5%€228k▲ 114%
Net result€76k-€457▼ 99.4%€23k▲ 4,902%€32k▲ 40.7%€162k▲ 403%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 114% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €496k
Fixed assets
€17k▼ 22.5%
Current assets
€479k▲ 44.7%
Equity and liabilities €496k
Equity
€427k▲ 61.1%
Debt
€70k▼ 21.3%
The debt ratio falls from 25.0% to 14.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€242k▲
2024 · €122k
Cash flow
€176k▲
2024 · €48k
Solvency
86.0%▲
2024 · 75.0%
Current ratio
6.87▲
2024 · 3.80
Quick ratio
6.87▲
2024 · 3.80
Debt / equity
0.16▼
2024 · 0.33
ROE
37.9%▲
2024 · 12.2%
ROA
32.6%▲
2024 · 9.1%
Interest coverage
41.86▲
2024 · 3.37
Debt
€70k▼
2024 · €89k
Debt ≤ 1 year
€70k▼
2024 · €87k
Income taxes
€60k▲
2024 · €38k
Staff costs
€2k▼
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€353k€496k▲
Fixed assets21/28€22k€17k▼
Tangible fixed assets22/27€21k€16k▼
Plant, machinery and equipment23€6k€12k▲
Furniture and vehicles24€15k€4k▼
Financial fixed assets28€1k€1k=
Current assets29/58€331k€479k▲
Amounts receivable within one year40/41€307k€459k▲
Trade receivables40€900-
Other amounts receivable41€306k€459k▲
Cash at bank and in hand54/58€24k€20k▼
Equity and liabilities
Total equity and liabilities10/49€353k€496k▲
Equity10/15€265k€427k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€257k€418k▲
Amounts payable17/49€89k€70k▼
Amounts payable after more than one year17€1k-
Financial debts170/4€1k-
Amounts payable within one year42/48€87k€70k▼
Current portion of amounts payable after more than one year42€7k€1k▼
Trade debts44€16k€1k▼
Suppliers440/4€16k€1k▼
Taxes, remuneration and social security45€63k€67k▲
Taxes450/3€58k€67k▲
Remuneration and social security454/9€5k-
Income statement
Code20242025
Remuneration, social security and pensions62€22k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€15k▼
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€5k-
Gross operating margin9900€151k€247k▲
Operating profit (loss)9901€106k€228k▲
Financial charges65/66B€36k€6k▼
Recurring financial charges65€36k€6k▼
Profit (loss) for the period before taxes9903€70k€222k▲
Income taxes67/77€38k€60k▲
Profit (loss) for the period9904€32k€162k▲
Profit (loss) for the period to be appropriated9905€32k€162k▲
Appropriation of the result
Profit (loss) to be appropriated9906€257k€418k▲
Profit (loss) brought forward from the previous period14P€225k€257k▲
The notes to these accounts (6 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
31-12
Financial
Weakest financial yearnet €457 ▼99.4%
Net result drops to €457, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 5.17
Current ratio from 1.48 to 5.17; short-term debt falls from €124k to €41k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
29-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · LTMG SPRL AVENUE LOUISE 200, 1050 IXELLES · event 22-07-2022
2021
31-12
Financial
Equity above €200kEq €217k ▲45.6%
4 profitable years in a row build equity to €217k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-12
Financial
Equity above €100kEq €111k ▲60.6%
2 profitable years in a row build equity to €111k.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-11-2020
Resigned as Managing director
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2017
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.
Postiljonstraat 131180 UkkelGround area
1,596 m²
Building footprint
1,237 m²
Volume, LiDAR
25,396 m³
2 parcels, Brussels · tallest building 30.6 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
LTMG SPRL
since 20172.263.638.223
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0121/00B008 | Brussels | 1,451 m² | 1 · 1,103 m² | 30.6 m · 7 fl. |
| 21016B0024/00S000 | Brussels | 145 m² | 1 · 134 m² | 14.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOISE HANSSENS-ENSCH AVENUE LOUISE 349
BTE 17, 1050 FR BRUXELLES 5 |
22-07-2022 → present |
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 7,248 companies in sector 43350 we hold annual accounts for 2,334. 1,396 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-04-2017
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
43410Roofing work
43230Insulation installation
43291Specialised construction activities
43992Specialised construction activities
81220Other building cleaning and industrial cleaning
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.