ETRD
ActiveSummary
ETRD has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €272k and a net result of €252k. Equity is shrinking by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 19908 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
99
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 11.16 against 13.15 in 2023; short-term debt: 8.9% and cash: 93.7% of total assets), and 8.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.1%
Return on assets
84.3%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-08-2025, 2 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
2 d late
2023
8 d late
2022
5 d early
2021
32 d late
2020
74 d late
2019
78 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€272k▲ 46.8%
2023 · €186k
2019: €300k
2020: €463k
2021: €714k
2022: €378k
2023: €186k
2019 → 2024
Total assets
€299k▲ 49.5%
2023 · €200k
2019: €369k
2020: €550k
2021: €744k
2022: €408k
2023: €200k
2019 → 2024
Net result
€252k▲ 52.6%
2023 · €165k
2019: €288k
2020: €163k
2021: €245k
2022: €112k
2023: €165k
2019 → 2024
Working capital
€270k▲ 54.4%
2023 · €175k
2019: €299k
2020: €423k
2021: €684k
2022: €357k
2023: €175k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€463k-€714k▲ 54.3%€378k▼ 47.1%€186k▼ 50.9%€272k▲ 46.8%
Operating result€212k-€315k▲ 48.8%€139k▼ 55.9%€215k▲ 54.4%€333k▲ 55.1%
Net result€163k-€245k▲ 50.8%€112k▼ 54.4%€165k▲ 47.6%€252k▲ 52.6%
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 two years in a row; 2024 is 55% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €299k
Fixed assets
€3k ▼ 75.8%
Current assets
€296k ▲ 56.6%
Equity and liabilities €299k
Equity
€272k ▲ 46.8%
Debt
€27k ▲ 84.5%
Debt's share of the balance-sheet total rises from 7.2% to 8.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€343k▲
2023 · €224k
Cash flow
€262k▲
2023 · €175k
Current ratio
11.16▼
2023 · 13.15
Debt to equity
0.10▲
2023 · 0.08
ROE
92.5%▲
2023 · 89.0%
ROA
84.3%▲
2023 · 82.6%
Interest coverage
2387.30▲
2023 · 1698.60
Debt ≤ 1 year
€27k▲
2023 · €14k
Income taxes
€81k▲
2023 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€200k€299k▲
Fixed assets21/28€11k€3k▼
Tangible fixed assets22/27€11k€3k▼
Furniture and vehicles24€11k€3k▼
Current assets29/58€189k€296k▲
Amounts receivable within one year40/41€44k€15k▼
Other amounts receivable41€44k€15k▼
Cash at bank and in hand54/58€145k€280k▲
Deferred charges and accrued income490/1€540€1k▲
Equity and liabilities
Total equity and liabilities10/49€200k€299k▲
Equity10/15€186k€272k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€165k€252k▲
Amounts payable17/49€14k€27k▲
Amounts payable within one year42/48€14k€27k▲
Trade debts44€3k€17k▲
Suppliers440/4€3k€17k▲
Taxes, remuneration and social security45€5k€6k▲
Taxes450/3€5k€6k▲
Other amounts payable47/48€7k€4k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€833€903▲
Gross operating margin9900€225k€343k▲
Operating profit (loss)9901€215k€333k▲
Financial income75/76B€2k€170▼
Recurring financial income75€2k€170▼
Financial charges65/66B€132€144▲
Recurring financial charges65€132€144▲
Profit (loss) for the period before taxes9903€216k€333k▲
Income taxes67/77€51k€81k▲
Profit (loss) for the period9904€165k€252k▲
Profit (loss) for the period to be appropriated9905€165k€252k▲
Appropriation of the result
Profit (loss) to be appropriated9906€522k€417k▼
Profit (loss) brought forward from the previous period14P€357k€165k▼
Profit to be distributed694/7€357k€165k▼
Return on contributions (dividend)694€357k€165k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
31-12
Financial
Equity above €200kEq €272k ▲46.8%
6 profitable years in a row build equity to €272k.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €112k ▼54.4%
Net result drops to €112k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 24.19
Current ratio from 5.85 to 24.19; short-term debt falls from €87k to €30k.
31-12
Financial
Equity above €500kEq €714k ▲54.3%
3 profitable years in a row build equity to €714k.
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 74 days late
2020
17-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Heist-op-den-Berg · 1 establishment unit since 2018
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.
Minksbossenstraat 232220 Heist-op-den-BergGround area
1,035 m²
Building footprint
197 m²
Volume, LiDAR
1,287 m³
Parcel 12322I1006/00M002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Minksbossenstraat 23, 2220 Heist-op-den-Berg
since 20182.281.543.928
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322I1006/00M002 | Flanders | 1,035 m² | 1 · 197 m² | 9.6 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,489 EUR awarded · 2,489 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,489 EUR | 2,489 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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DOCTEUR FREDERIC NIVELLE
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C&C Medical
BE 1004.969.290
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Dokter Stijn Geeurickx Orthopedie
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Of 16,627 companies in sector 86220 we hold annual accounts for 7,974. 6,690 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.