ETSB
ActiveSummary
The computed 12-month bankruptcy probability of ETSB is 4.1% (elevated). The 2024 annual accounts show equity of €255k. Equity is growing by ~96.5% per year across the filed fiscal years. Its solvency ranks better than 43% of 36375 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
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability.
Bankruptcy probability: Elevated
Axes · tick = 2023
Profitability-
Solvency65▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
121 d late
2022
28 d late
2021
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€79k▲ 252%
2021 · €23k
2021: €23k
2021 → 2023
Working capital
€234k▲ 75.5%
2023 · €133k
2021: €163k
2022: €163k
2023: €133k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€29k-€29k=€154k▲ 439%€255k▲ 65.4%
Operating result€27k-€100k
Net result€23k-€79k
Result per fiscal year
Operating resultNet result
The operating result is €100k in 2023, compared with €27k in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €633k
Fixed assets
€20k =
Current assets
€612k ▲ 5.2%
Equity and liabilities €633k
Equity
€255k ▲ 65.4%
Debt
€378k ▼ 15.7%
Debt's share of the balance-sheet total falls from 74.5% to 59.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.62▲
2023 · 1.30
Quick ratio
1.62▲
2023 · 1.30
Debt to equity
1.49▼
2023 · 2.92
Debt ≤ 1 year
€378k▼
2023 · €449k
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 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€602k€633k▲
Fixed assets21/28€20k€20k=
Tangible fixed assets22/27€20k€20k=
Plant, machinery and equipment23€4k€4k=
Furniture and vehicles24€17k€17k=
Current assets29/58€582k€612k▲
Amounts receivable after more than one year29-€20k
Trade receivables290-€20k
Stocks and contracts in progress3€21€21=
Stocks30/36€21€21=
Amounts receivable within one year40/41€349k€359k▲
Trade receivables40€250k€250k=
Other amounts receivable41€98k€109k▲
Cash at bank and in hand54/58€231k€231k=
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€602k€633k▲
Equity10/15€154k€255k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€148k€249k▲
Amounts payable17/49€449k€378k▼
Amounts payable within one year42/48€449k€378k▼
Current portion of amounts payable after more than one year42€5k€5k=
Trade debts44€332k€332k=
Suppliers440/4€332k€332k=
Taxes, remuneration and social security45€55k€41k▼
Taxes450/3€50k€37k▼
Remuneration and social security454/9€5k€5k=
Other amounts payable47/48€57k-
Income statement
Code20232024
Remuneration, social security and pensions62€543-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€237k-
Other operating charges640/8€677-
Gross operating margin9900€343k-
Operating profit (loss)9901€100k-
Financial income75/76B€635-
Recurring financial income75€635-
Financial charges65/66B€1k-
Recurring financial charges65€1k-
Profit (loss) for the period before taxes9903€99k-
Income taxes67/77€20k-
Profit (loss) for the period9904€79k-
Profit (loss) for the period to be appropriated9905€79k-
Appropriation of the result
Profit (loss) to be appropriated9906€238k€249k▲
Profit (loss) brought forward from the previous period14P€159k€249k▲
Profit to be distributed694/7€90k-
Return on contributions (dividend)694€90k-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
13-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 05/05/2026
- Registered-office move, Rue Vanderkindere 18 à 1180 Uccle
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Equity above €200kEq €255k ▲65.4%
Equity rises from €154k to €255k.
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 121 days late
2023
31-12
Financial
Equity above €150kEq €154k ▲439%
Equity rises from €29k to €154k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2020
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.
Vanderkinderestraat 181180 UkkelGround area
445 m²
Building footprint
161 m²
Volume, LiDAR
1,983 m³
Parcel 21016B0121/00R000, Brussels · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Vanderkinderestraat 20, 1180 Ukkel
since 20202.307.035.429
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0121/00R000 | Brussels | 444 m² | 1 · 161 m² | 13.6 m · 4 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
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CHAUFFAGE DUFOUR Daniel
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,665 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
Founded23-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43212Electrical installation work in industrial facilities
43221Plumbing work
46150Agents in the wholesale of furniture, household goods and hardware
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@etsb.be
Phone:0489273318