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Complete company report
Generated 21-07-2026
Active BE 0402.212.280Public limited company

Etna

Victor Rauterstraat 217 ·1070 Anderlecht, Belgium· 58 yrs active
Sector: Wholesale trade (46360)
Conclusion Checked

The computed 12-month bankruptcy probability of Etna is 0.4% (very low). The 2025 annual accounts show equity of €2.24M and a net result of €117k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 322 sector peers (fiscal year 2025). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.
Key figures
Equity €2.24M
Net result €117k
Staff (FTE) 9
Better than sector 86%
Snowflake analysis 5 axes · computed by Checked
Health94Profitability26Solvency100Growth52Stability100
74 / 100

Strong profile, led by solvency.

Health 94
Profitability 26
Solvency 100
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.4% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Higher-failure-rate region +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1968, 58 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
94 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 02-06-2026 with the NBB · fiscal year 2025 · verkort
€0€50k€100k€150k€200kOperating result 2021: €149k€149kNet result 2021: €82k€82kOperating result 2022: €147k€147kNet result 2022: €80k€80kOperating result 2023: €148k€148kNet result 2023: €79k€79kOperating result 2024: €194k€194kNet result 2024: €112k€112kOperating result 2025: €196k€196kNet result 2025: €117k€117k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~4.5%/year over 8 fiscal years, indicative, assuming unchanged policy.
€1.50M€2.00M€2.50M2026: €2.31M (€2.13M - €2.49M)2027: €2.41M (€2.23M - €2.59M)2028: €2.52M (€2.34M - €2.70M)2018: €1.64M2019: €1.70M2020: €1.77M2021: €1.86M2022: €1.93M2023: €2.01M2024: €2.13M2025: €2.24M20182019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 79.6% 35.1%
better than 86% of 322 sector peers
Net result €117k €44k
better than 67% of 322 sector peers
Equity €2.24M €275k
better than 91% of 322 sector peers
Gross operating margin €597k €238k
better than 75% of 321 sector peers
Staff costs €369k €171k
higher than 72% of 203 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€215k
+7.5% 18-25
Net profit
€117k
+4.8% 18-25
Cash flow
€135k
+15.7% 18-25
Total assets
€2.82M
-4.6% 18-25
Equity
€2.24M
+5.5% 18-25
Working capital
€2.13M
+1.2% 18-25
Employees (FTE)
9
+7.1% 18-25
Staff costs
€369k
-11.8% 18-25
Income taxes
€55k
-4.4% 18-25
Debt
€572k
-30.8% 18-25
Debt ≤ 1y
€572k
-30.8% 18-25
Current ratio
4.72
+33.2% 18-25
Quick ratio
4.72
+33.2% 18-25
Solvency
79.6%
+10.6% 18-25
Debt / equity
0.26
-34.4% 18-25
ROE
5.2%
-0.7% 18-25
ROA
4.2%
+9.9% 18-25
Interest coverage
7.53
-3.7% 18-25
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€215k
Net profit€117k
Cash flow€135k
Staff costs€369k
Income taxes€55k
Dividends-
Total assets€2.82M
Equity€2.24M
Debt€572k
of which ≤ 1y€572k
of which > 1y-
Working capital€2.13M
Employees (FTE)9.0
Ratios (computed)
2025
Current ratio4.72
Quick ratio4.72
Working capital ratio75.6%
Solvency79.6%
Debt / equity0.26
Long-term debt ratio-
Interest coverage7.53
Gross margin-
Net margin-
ROA4.2%
ROE5.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€2.82M
Fixed assets 21/28€116k
Tangible fixed assets 22/27€108k
Financial fixed assets 28€7k
Current assets 29/58€2.70M
Amounts receivable within one year 40/41€139k
Investments 50/53€1.50M
Cash & bank 54/58€1.06M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.82M
Equity 10/15€2.24M
Contributions / capital 10/11€62k
Reserves 13€737k
Accumulated profits (losses) 14€1.44M
Provisions & deferred taxes 16€1k
Amounts payable 17/49€572k
Amounts payable within one year 42/48€572k
Trade debts payable within one year 44€529k
Income statement
Gross operating margin 9900€597k
Operating result 9901€196k
Financial income 75€5k
Financial charges 65€29k
Result before taxes 9903€173k
Income taxes 67/77€55k
Net result for the period 9904€117k
Result to be appropriated 9905€114k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Wholesale trade(46360)
Legal form Public limited company(014)
Incorporation01-01-1968
StatusActive
Postal code1070
Establishment units 1 location
Victor Rauterstraat 217, 1070 Anderlecht
Groothandel in suiker, chocolade en suikerwerk
since 19462.004.891.119
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21308H0519/00T004 Brussels 1,095 m² 1 · 751 m² 19.8 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
02-06-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
19-08-2025
State Gazette act Director changes
04-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
07-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
15-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
23-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
23-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
27-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
29-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
27-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
27-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 11 months ago
2025
19-08-2025 1 director appointed, 4 reappointed Director changes
  • Yoeri Libaers, Bestuurder
  • Herman Schraepen, Niet-statutair bestuurder
  • Martine Houtmeyers, Niet-statutair bestuurder
  • Frederik Schraepen, Niet-statutair bestuurder
  • Herman Schraepen, Gedelegeerd bestuurder
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Groothandel in suiker, chocolade en suikerwerk46360Groothandel in suiker, chocolade en suikerwerk46360Groothandel in suiker, chocolade en suikerwerk51360
Primary activity highlighted.
Names & trade names
Legal nameNL Etna
Registered office
Victor Rauterstraat 217
1070 Anderlecht, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative