Financials
- Fiscal year
- 2025
- Turnover
- €17.3m
- Profit
- €256,376
- Solvency
- 45.3%
Turnover▲ 9.5%
Net result
20182025
ETS ANTOINE
ActiveSummary
ETS ANTOINE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.3m and a net result of €256,376. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 57% of 340 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28299Manufacture of machinery and equipment not elsewhere classified NACE 28930NACE 29530
#4 company by equity in the Brussels-Capital Region, Machinery and equipment sector4 sites
Size
€17.3mturnover 2025
- Staff
- 83.4 FTE
- Equity
- €7.3m
- Profit
- €256,376
Structure
- Largest shareholder
- Antoine Consulting · 43%
- Holdings
- 2
Accounts 50 d early0 of 17 deeds read
Why 85- Liquidity: current ratio 2.40, cash €238,624- 1 of the last 3 late- Size: turnover €17.3m, 83.4 FTE, total assets €16.2m+ Founded in 1990Show the evidence
Checked score
Score 2025
85
/ 100
Excellent
Probability in this band: under 0.55%
Better than 56% of its sector peers (NACE 28, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
70+6
equity 45.3% of total assets
Liquidity
36-6
short-term debt 34.6% · cash 1.5%
Profitability
43-15
return on assets 1.6%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 16 months
07-2025: 0.1%lowest value
08-2025: 0.2%▲ +75.0% vs 07-2025
09-2025: 0.3%▲ +29.0% vs 08-2025
10-2025: 0.5%▲ +75.2% vs 09-2025highest value
11-2025: 0.5%▼ -7.5% vs 10-2025
12-2025: 0.5%● 0.0% vs 11-2025
01-2026: 0.5%● 0.0% vs 12-2025
02-2026: 0.5%▼ -1.0% vs 01-2026
03-2026: 0.5%▲ +0.8% vs 02-2026
04-2026: 0.5%▼ -3.3% vs 03-2026
05-2026: 0.5%▲ +3.6% vs 04-2026
06-2026: 0.5%▲ +2.3% vs 05-2026
07-2026: 0.4%▼ -27.5% vs 06-2026
08-2026: 0.4%● 0.0% vs 07-2026
09-2026: 0.4%● 0.0% vs 08-2026
10-2026: 0.4%● 0.0% vs 09-2026
- Founded in 1990 lowers the probability for this profile
- Liquidity: current ratio 2.40, cash €238,624 raises the probability
- 1 of the last 3 late raises the probability
- Size: turnover €17.3m, 83.4 FTE, total assets €16.2m raises the probability for this profile
Credit up to €600,000 at 30 days acceptable
Liquidity ample (current ratio 2.4 against 2.57 in 2024; short-term debt: 34.6% and cash: 1.5% of total assets), but 54.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 28, medium-sized). Better than this share of them on solvency 64%, liquidity 48%, profitability 28%, growth against the median 85%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
67 d late
2023
9 d early
2022
41 d early
2021
41 d early
2020
33 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 20 June (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Equity above €5mEq €7.3m ▲68%
- Annual accounts filedfiscal year 2024 · full…
Key points
By topic
Board & ownership
- Largest shareholder
- Antoine Consulting · 43%
Network & group
- Subsidiaries
- 2
2 subsidiaries
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 11-06-2026Annual accounts filed
- 31-12-2025Equity above €5m
- 06-10-2025Annual accounts filed
Company details
- Sites
- 4
- Legal form
- Public limited company
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28299
- Founded
- 29-03-1990
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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