ETP TECHNICS
ActiveSummary
The computed 12-month bankruptcy probability of ETP TECHNICS is 3.5% (moderate). The 2024 annual accounts show equity of €22,914 and a net result of -€7,666. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 36386 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability7▼-88
Solvency53▼-12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.38 against 1.66 in 2023; short-term debt: 72.4% and cash: 1.7% of total assets), and 72.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
27.6%
Return on assets
-9.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2026, 392 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
392 d late
2023
190 d late
2022
100 d late
2021
86 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 192 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€22,914▼ 25.1%
2023 · €30,580
Total assets
€83,056▲ 7.6%
2023 · €77,167
Net result
-€7,666
2023 · €16,378
Working capital
€22,914▼ 24.9%
2023 · €30,522
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€7,407-€8,660▲ 16.9%€22,769▲ 163%-€9,007
Net result€5,488within the sector's middle half-€6,715within the sector's middle half▲ 22.4%€16,378within the sector's middle half▲ 144%-€7,666below the sector's middle half
Equity€7,488below the sector's middle half-€14,202below the sector's middle half▲ 89.7%€30,580within the sector's middle half▲ 115%€22,914within the sector's middle half▼ 25.1%
Total assets€26,895below the sector's middle half-€52,762below the sector's middle half▲ 96.2%€77,167within the sector's middle half▲ 46.3%€83,056within the sector's middle half▲ 7.6%
Debt€19,407-€38,560▲ 98.7%€46,587▲ 20.8%€60,143▲ 29.1%
Working capital€6,043within the sector's middle half-€13,451within the sector's middle half▲ 123%€30,522within the sector's middle half▲ 127%€22,914within the sector's middle half▼ 24.9%
Solvency27.8%within the sector's middle half-26.9%within the sector's middle half▼ 0.9pp39.6%within the sector's middle half▲ 12.7pp27.6%within the sector's middle half▼ 12.0pp
Current ratio1.31within the sector's middle half-1.35within the sector's middle half▲ 0.041.66within the sector's middle half▲ 0.311.38within the sector's middle half▼ 0.27
Return on assets (ROA)20.4%above the sector's middle half-12.7%within the sector's middle half▼ 7.7pp21.2%above the sector's middle half▲ 8.5pp-9.2%below the sector's middle half▼ 30.5pp
Staff (FTE)1.41▼ 28.6%0.3▼ 70.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €9,007 after €22,769 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €83,056
Equity
€22,914 ▼ 25.1%
Debt
€60,143 ▲ 29.1%
Debt's share of the balance-sheet total rises from 60.4% to 72.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€8,949▼
2023 · €23,462
Cash flow
-€7,608▼
2023 · €17,071
Quick ratio
1.31▼
2023 · 1.66
Debt to equity
2.62▲
2023 · 1.52
ROE
-33.5%▼
2023 · 53.6%
Interest coverage
-29.29▼
2023 · 23.06
Debt ≤ 1 year
€60,143▲
2023 · €46,587
Income taxes
-€516▼
2023 · €5,390
Staff costs
€3,178▼
2023 · €6,077
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,549 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,549 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €16,190 | €6,077 | €3,178 | ▼ 47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €636 | €694 | €694 | €58 | ▼ 91.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €6,985 | - | - |
| Other operating charges640/8 | €879 | €642 | €13,650 | €7,418 | ▼ 45.7% |
| Gross operating margin9900 | €8,922 | €26,186 | €50,174 | €1,647 | ▼ 96.7% |
| Operating profit (loss)9901 | €7,407 | €8,660 | €22,769 | -€9,007 | ▼ 140% |
| Financial income75/76B | €221 | €573 | €16 | €1,130 | ▲ 6,801% |
| Recurring financial income75 | €221 | €573 | €16 | €1,130 | ▲ 6,801% |
| Financial charges65/66B | €301 | €640 | €1,017 | €306 | ▼ 70.0% |
| Recurring financial charges65 | €301 | €640 | €1,017 | €306 | ▼ 70.0% |
| Profit (loss) for the period before taxes9903 | €7,328 | €8,594 | €21,768 | -€8,182 | ▼ 138% |
| Income taxes67/77 | €1,840 | €1,879 | €5,390 | -€516 | ▼ 110% |
| Profit (loss) for the period9904 | €5,488 | €6,715 | €16,378 | -€7,666 | ▼ 147% |
| Profit (loss) for the period to be appropriated9905 | €5,488 | €6,715 | €16,378 | -€7,666 | ▼ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €26,895 | €52,762 | €77,167 | €83,056 | ▲ 7.6% |
| Fixed assets21/28 | €1,445 | €751 | €58 | - | - |
| Tangible fixed assets22/27 | €1,445 | €751 | €58 | - | - |
| Plant, machinery and equipment23 | €547 | €274 | €0 | - | - |
| Furniture and vehicles24 | €898 | €478 | €58 | - | - |
| Current assets29/58 | €25,450 | €52,011 | €77,109 | €83,056 | ▲ 7.7% |
| Amounts receivable after more than one year29 | €14,639 | €29,450 | €50,000 | €50,071 | ▲ 0.1% |
| Other amounts receivable291 | €14,639 | €29,450 | €50,000 | €50,071 | ▲ 0.1% |
| Stocks and contracts in progress3 | €1,392 | €1,582 | - | €4,237 | - |
| Stocks30/36 | €1,392 | €1,582 | - | €4,237 | - |
| Amounts receivable within one year40/41 | €5,534 | €18,477 | €24,404 | €27,370 | ▲ 12.2% |
| Trade receivables40 | €5,293 | €18,445 | €2,427 | €9,779 | ▲ 303% |
| Other amounts receivable41 | €241 | €32 | €21,977 | €17,591 | ▼ 20.0% |
| Cash at bank and in hand54/58 | €2,157 | €498 | €2,023 | €1,377 | ▼ 31.9% |
| Deferred charges and accrued income490/1 | €1,727 | €2,004 | €682 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €26,895 | €52,762 | €77,167 | €83,056 | ▲ 7.6% |
| Equity10/15 | €7,488 | €14,202 | €30,580 | €22,914 | ▼ 25.1% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €5,488 | €12,202 | €28,580 | €20,914 | ▼ 26.8% |
| Amounts payable17/49 | €19,407 | €38,560 | €46,587 | €60,143 | ▲ 29.1% |
| Amounts payable within one year42/48 | €19,407 | €38,560 | €46,587 | €60,143 | ▲ 29.1% |
| Financial debts43 | - | - | - | €708 | - |
| Credit institutions430/8 | - | - | - | €708 | - |
| Trade debts44 | €9,378 | €24,978 | €30,285 | €53,735 | ▲ 77.4% |
| Suppliers440/4 | €9,378 | €24,978 | €30,285 | €53,735 | ▲ 77.4% |
| Advances received on contracts in progress46 | €8,059 | €8,059 | €8,059 | - | - |
| Taxes, remuneration and social security45 | €1,970 | €5,523 | €8,243 | €5,700 | ▼ 30.9% |
| Taxes450/3 | €1,970 | €4,109 | €7,247 | €5,700 | ▼ 21.3% |
| Remuneration and social security454/9 | - | €1,414 | €996 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,488 | €6,715 | €16,378 | -€7,666 | ▼ 147% |
| + Depreciation and write-downs630 | €636 | €694 | €694 | €58 | ▼ 91.7% |
| Operating cash flow (approximation) | €6,124 | €7,408 | €17,071 | -€7,608 | ▼ 145% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | -€1,660 | €1,525 | -€645 | ▼ 142% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 392 days late
2025
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 190 days late
2024
31-12
Financial
Weakest financial yearnet -€7,666
Net result drops to -€7,666, the lowest in the series.
2023
31-12
Financial
Highest result since 2021net €16,378 ▲144%
Operating result €22,769, net result €16,378, both a record.
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 100 days late
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brunehaut · 1 establishment unit since 2020
Ground area
2,765 m²
Building footprint
129 m²
Volume, LiDAR
786 m³
Parcel 57039A0290/00G000, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ETP TECHNICS
since 20202.307.861.612
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57039A0290/00G000 | Wallonia | 2,765 m² | 1 · 129 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 3,718 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754541620
Registered
13-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.