Etran
ActiveEtran has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €488k and a net result of €73k. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 7318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-8
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 43.7 against 37.91 in 2024), and 2.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.7%
Return on assets
14.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
55 d early
2023
61 d early
2022
30 d late
2021
31 d early
2020
64 d early
2019
49 d early
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€488k▲ 17.6%
2024 · €415k
2018: €197k
2019: €229k
2020: €278k
2021: €330k
2022: €284k
2023: €346k
2024: €415k
2018 → 2025
Total assets
€500k▲ 17.1%
2024 · €426k
2018: €298k
2019: €252k
2020: €304k
2021: €351k
2022: €314k
2023: €363k
2024: €426k
2018 → 2025
Net result
€73k▲ 5.9%
2024 · €69k
2018: €37k
2019: €32k
2020: €49k
2021: €52k
2022: €62k
2023: €63k
2024: €69k
2018 → 2025
Working capital
€488k▲ 17.7%
2024 · €415k
2018: €188k
2019: €229k
2020: €278k
2021: €330k
2022: €283k
2023: €346k
2024: €415k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€330k-€284k▼ 14.0%€346k▲ 22.0%€415k▲ 19.9%€488k▲ 17.6%
Operating result€73k-€87k▲ 18.7%€86k▼ 1.1%€92k▲ 7.8%€98k▲ 6.4%
Net result€52k-€62k▲ 18.6%€63k▲ 0.6%€69k▲ 10.1%€73k▲ 5.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 6% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €500k
Equity
€488k▲ 17.6%
Debt
€11k▲ 1.7%
The debt ratio falls from 2.6% to 2.3%: equity grows faster than debt.
Key figures and ratios
EBITDA
€98k▲
2024 · €93k
Cash flow
€73k▲
2024 · €69k
Solvency
97.7%▲
2024 · 97.4%
Current ratio
43.70▲
2024 · 37.91
Quick ratio
43.70▲
2024 · 37.91
Debt / equity
0.02▼
2024 · 0.03
ROE
14.9%▼
2024 · 16.6%
ROA
14.6%▼
2024 · 16.1%
Interest coverage
338.94▲
2024 · 324.30
Debt
€11k▲
2024 · €11k
Debt ≤ 1 year
€11k▲
2024 · €11k
Income taxes
€28k▲
2024 · €27k
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€426k€500k▲
Fixed assets21/28€345-
Tangible fixed assets22/27€345-
Furniture and vehicles24€345-
Current assets29/58€426k€500k▲
Amounts receivable within one year40/41€18k€16k▼
Trade receivables40€18k€16k▼
Current investments50/53€402k€480k▲
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€426k€500k▲
Equity10/15€415k€488k▲
Contributions10/11€14k€14k=
Reserves13€401k€474k▲
Distributable reserves133€401k€474k▲
Profit (loss) carried forward14€238€238=
Amounts payable17/49€11k€11k▲
Amounts payable within one year42/48€11k€11k▲
Trade debts44€193€193▲
Suppliers440/4€193€193▲
Taxes, remuneration and social security45€6k€6k▲
Taxes450/3€6k€6k▲
Other amounts payable47/48€5k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€348€345▼
Other operating charges640/8€487€500▲
Gross operating margin9900€93k€99k▲
Operating profit (loss)9901€92k€98k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€286€291▲
Recurring financial charges65€286€291▲
Profit (loss) for the period before taxes9903€96k€101k▲
Income taxes67/77€27k€28k▲
Profit (loss) for the period9904€69k€73k▲
Profit (loss) for the period to be appropriated9905€69k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€69k€73k▲
Profit (loss) brought forward from the previous period14P€238€238=
Transfer to equity691/2€69k€73k▲
To other reserves6921€69k€73k▲
The notes to these accounts (4 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €73k ▲5.9%
Operating result €98k, net result €73k, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 21.94
Current ratio from 10.28 to 21.94; short-term debt falls from €30k to €17k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €32k ▼12.1%
Net result drops to €32k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 10.93
Current ratio from 2.85 to 10.93; short-term debt falls from €101k to €23k.
31-12
Financial
Equity above €200kEq €229k ▲16.4%
2 profitable years in a row build equity to €229k.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Nivelles · 1 establishment unit since 2003
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.
Rue Joseph-Wauters 81400 NivellesGround area
362 m²
Building footprint
109 m²
Volume, LiDAR
635 m³
Parcel 25072B0169/00T000, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ETRAN
since 20032.133.085.131
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25072B0169/00T000 | Wallonia | 361 m² | 1 · 109 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
RPH Associés Immobilières
BE 0807.132.644
Arlon · Eq €488k
WIVESCO
BE 0778.605.439
Zoersel · Eq €488k
Bouwwerken Geens
BE 0444.475.774
Mechelen · Eq €488k
GENTBOUW
BE 0810.782.517
Gent · Eq €488k
DA ISO ESTRICH
BE 0742.739.589
Gent · Eq €487k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 9,238 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-08-2003
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
45212
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.