ETT DISTRIBUTION
ActiveThe file of ETT DISTRIBUTION contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show negative equity (€-1.20M) and a net result of €-360k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8048 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth22=
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.99 against 1.76 in 2024; short-term debt: 100.9% and cash: 2.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-220.9%
Return on assets
-66.2%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1921222425
2019 to 2025 · latest year €-1.20M
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-05-2026, 22 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
22 d late
2024
26 d late
2022
12 d early
2021
51 d early
2019
44 d early
2018
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€567k▼ 97.8%
2024 · €26.28M
2019: €147.49M
2021: €149.10Mhighest value
2022: €40.23M▼ -73.0% vs 2021
2024: €26.28M
2025: €567k▼ -97.8% vs 2024lowest value
2019 → 2025
EBIT margin
-62.1%▼ 55.4pp
2024 · -6.6%
2019: 0.4%
2021: 1.0%highest value
2022: 0.3%▼ -74.3% vs 2021
2024: -6.6%
2025: -62.1%▼ -837% vs 2024lowest value
2019 → 2025
Net result
€-360k▲ 80.6%
2024 · €-1.86M
2019: €1k
2021: €744khighest value
2022: €10k▼ -98.6% vs 2021
2024: €-1.86Mlowest value
2025: €-360k▲ +80.6% vs 2024
2019 → 2025
Working capital
€-7k
2024 · €447k
2019: €3.26Mhighest value
2021: €1.53M
2022: €1.06M▼ -30.5% vs 2021
2024: €447k
2025: €-7k▼ -102% vs 2024lowest value
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220242025Trend
Turnover€147.49M-€149.10M▲ 1.1%€40.23M▼ 73.0%€26.28M▼ 34.7%€567k▼ 97.8%
2019: €147.49M
2021: €149.10Mhighest value
2022: €40.23M▼ -73.0% vs 2021
2024: €26.28M
2025: €567k▼ -97.8% vs 2024lowest value
Equity€325k-€1.00M▲ 209%€1.01M▲ 1.0%€-841k€-1.20M▼ 42.8%
2019: €325k
2021: €1.00M
2022: €1.01M▲ +1.0% vs 2021highest value
2024: €-841k
2025: €-1.20M▼ -42.8% vs 2024lowest value
Operating result€585k-€1.47M▲ 152%€102k▼ 93.1%€-1.74M€-352k▲ 79.8%
2019: €585k
2021: €1.47Mhighest value
2022: €102k▼ -93.1% vs 2021
2024: €-1.74Mlowest value
2025: €-352k▲ +79.8% vs 2024
Net result€1k-€744k▲ 64,309%€10k▼ 98.6%€-1.86M€-360k▲ 80.6%
2019: €1k
2021: €744khighest value
2022: €10k▼ -98.6% vs 2021
2024: €-1.86Mlowest value
2025: €-360k▲ +80.6% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €352k in 2025 against €1.74M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €544k
Fixed assets
€2k ▼ 24.8%
Current assets
€542k ▼ 47.7%
Key figures and ratios
EBITDA
€-351k▲
2024 · €-1.74M
Cash flow
€-359k▲
2024 · €-1.85M
Solvency
-220.9%▼
2024 · -81.0%
Current ratio
0.99▼
2024 · 1.76
Quick ratio
0.97▼
2024 · 1.21
Debt to equity
-1.43▲
2024 · -2.19
ROA
-66.2%▲
2024 · -178.7%
Interest coverage
-118.02▼
2024 · -14.03
Debt
€1.72M▼
2024 · €1.84M
Debt ≤ 1 year
€549k▼
2024 · €588k
Debt > 1 year
€1.17M▼
2024 · €1.25M
Income taxes
€5k▼
2024 · €22k
Staff costs
€463k▼
2024 · €1.12M
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 · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.04M€544k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€40€40=
Current assets29/58€1.04M€542k▼
Stocks and contracts in progress3€322k€10k▼
Stocks30/36€322k€10k▼
Amounts receivable within one year40/41€701k€519k▼
Trade receivables40€660k€499k▼
Other amounts receivable41€41k€20k▼
Cash at bank and in hand54/58€13k€13k▼
Equity and liabilities
Total equity and liabilities10/49€1.04M€544k▼
Equity10/15€-841k€-1.20M▼
Contributions10/11€196k€196k=
Reserves13€166€166=
Non-distributable reserves130/1€166€166=
Reserves not available under the articles1311€166€166=
Profit (loss) carried forward14€-1.04M€-1.40M▼
Provisions and deferred taxes16€40k€25k▼
Provisions for liabilities and charges160/5€40k€25k▼
Other liabilities and charges164/5€40k€25k▼
Amounts payable17/49€1.84M€1.72M▼
Amounts payable after more than one year17€1.25M€1.17M▼
Financial debts170/4€1.25M€1.17M▼
Amounts payable within one year42/48€588k€549k▼
Current portion of amounts payable after more than one year42€8k-
Financial debts43-€16k
Other loans439-€16k
Trade debts44€399k€184k▼
Suppliers440/4€399k€184k▼
Taxes, remuneration and social security45€182k€347k▲
Taxes450/3€6k€187k▲
Remuneration and social security454/9€176k€160k▼
Other amounts payable47/48€20€2k▲
Income statement
Code20242025
Turnover70€26.28M€567k▼
Non-recurring operating income76A€1k€749k▲
Goods, raw materials, services and sundry goods60/61€27.10M€673k▼
Remuneration, social security and pensions62€1.12M€463k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€741▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€154k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-82k-
Other operating charges640/8€41k€12k▼
Non-recurring operating charges66A€1k€6k▲
Gross operating margin9900€-503k€129k▲
Operating profit (loss)9901€-1.74M€-352k▲
Financial income75/76B€31k€422▼
Recurring financial income75€31k€422▼
Financial charges65/66B€124k€3k▼
Recurring financial charges65€124k€3k▼
Profit (loss) for the period before taxes9903€-1.83M€-354k▲
Income taxes67/77€22k€5k▼
Profit (loss) for the period9904€-1.86M€-360k▲
Profit (loss) for the period to be appropriated9905€-1.86M€-360k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.86M€-1.40M▲
Profit (loss) brought forward from the previous period14P-€-1.04M
Transfer from equity791/2€819k-
Social balance
Average headcount (FTE)90878.95.7▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €147.49M | €149.10M | €40.23M | €26.28M | €567k | ▼ 97.8% |
| Non-recurring operating income76A | - | - | - | €1k | €749k | ▲ 68,214% |
| Goods, raw materials, services and sundry goods60/61 | - | €145.58M | €39.75M | €27.10M | €673k | ▼ 97.5% |
| Remuneration, social security and pensions62 | - | €1.48M | €761k | €1.12M | €463k | ▼ 58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €13k | €6k | €2k | €741 | ▼ 66.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €79k | €181k | €154k | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €604k | €-482k | €-82k | - | - |
| Other operating charges640/8 | - | €21k | €7k | €41k | €12k | ▼ 72.0% |
| Non-recurring operating charges66A | - | - | - | €1k | €6k | ▲ 451% |
| Gross operating margin9900 | €1.01M | €3.66M | €576k | €-503k | €129k | ▲ 126% |
| Operating profit (loss)9901 | €585k | €1.47M | €102k | €-1.74M | €-352k | ▲ 79.8% |
| Financial income75/76B | - | €27k | €27k | €31k | €422 | ▼ 98.6% |
| Recurring financial income75 | €49k | €27k | €27k | €31k | €422 | ▼ 98.6% |
| Financial charges65/66B | - | €479k | €37k | €124k | €3k | ▼ 97.6% |
| Recurring financial charges65 | €614k | €479k | €37k | €124k | €3k | ▼ 97.6% |
| Profit (loss) for the period before taxes9903 | €20k | €1.02M | €93k | €-1.83M | €-354k | ▲ 80.7% |
| Income taxes67/77 | €19k | €274k | €83k | €22k | €5k | ▼ 75.0% |
| Profit (loss) for the period9904 | €1k | €744k | €10k | €-1.86M | €-360k | ▲ 80.6% |
| Profit (loss) for the period to be appropriated9905 | €1k | €744k | €10k | €-1.86M | €-360k | ▲ 80.6% |
| Line | 2019 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.75M | €2.85M | €2.43M | €1.04M | €544k | ▼ 47.6% |
| Fixed assets21/28 | €101k | €79k | €73k | €3k | €2k | ▼ 24.8% |
| Tangible fixed assets22/27 | €6k | €8k | €1k | €3k | €2k | ▼ 25.1% |
| Plant, machinery and equipment23 | - | €2k | €900 | - | - | - |
| Furniture and vehicles24 | - | €6k | €568 | €3k | €2k | ▼ 25.1% |
| Financial fixed assets28 | €95k | €72k | €72k | €40 | €40 | = |
| Current assets29/58 | €3.65M | €2.77M | €2.36M | €1.04M | €542k | ▼ 47.7% |
| Stocks and contracts in progress3 | €2.02M | €551k | €1.43M | €322k | €10k | ▼ 96.9% |
| Stocks30/36 | - | €551k | €1.43M | €322k | €10k | ▼ 96.9% |
| Amounts receivable within one year40/41 | €1.25M | €1.96M | €440k | €701k | €519k | ▼ 26.0% |
| Trade receivables40 | - | €1.49M | €265k | €660k | €499k | ▼ 24.5% |
| Other amounts receivable41 | - | €476k | €174k | €41k | €20k | ▼ 50.7% |
| Cash at bank and in hand54/58 | €380k | €211k | €490k | €13k | €13k | ▼ 0.4% |
| Deferred charges and accrued income490/1 | - | €43k | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.75M | €2.85M | €2.43M | €1.04M | €544k | ▼ 47.6% |
| Equity10/15 | €325k | €1.00M | €1.01M | €-841k | €-1.20M | ▼ 42.8% |
| Contributions10/11 | €0 | €196k | €196k | €196k | €196k | = |
| Reserves13 | €7k | €809k | €819k | €166 | €166 | = |
| Non-distributable reserves130/1 | - | €166 | €166 | €166 | €166 | = |
| Reserves not available under the articles1311 | - | €166 | €166 | €166 | €166 | = |
| Distributable reserves133 | - | €809k | €819k | - | - | - |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €-1.04M | €-1.40M | ▼ 34.7% |
| Provisions and deferred taxes16 | - | €604k | €122k | €40k | €25k | ▼ 37.5% |
| Provisions for liabilities and charges160/5 | - | €604k | €122k | €40k | €25k | ▼ 37.5% |
| Other liabilities and charges164/5 | - | €604k | €122k | €40k | €25k | ▼ 37.5% |
| Amounts payable17/49 | €3.42M | €1.24M | €1.29M | €1.84M | €1.72M | ▼ 6.5% |
| Amounts payable after more than one year17 | €3.03M | €0 | - | €1.25M | €1.17M | ▼ 6.4% |
| Financial debts170/4 | - | €0 | - | €1.25M | €1.17M | ▼ 6.4% |
| Amounts payable within one year42/48 | €385k | €1.24M | €1.29M | €588k | €549k | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8k | - | - |
| Financial debts43 | - | - | - | - | €16k | - |
| Other loans439 | - | - | - | - | €16k | - |
| Trade debts44 | €281k | €378k | €919k | €399k | €184k | ▼ 53.9% |
| Suppliers440/4 | - | €378k | €919k | €399k | €184k | ▼ 53.9% |
| Advances received on contracts in progress46 | - | - | €52k | - | - | - |
| Taxes, remuneration and social security45 | - | €478k | €319k | €182k | €347k | ▲ 90.7% |
| Taxes450/3 | - | €385k | €244k | €6k | €187k | ▲ 3,183% |
| Remuneration and social security454/9 | - | €93k | €76k | €176k | €160k | ▼ 9.2% |
| Other amounts payable47/48 | - | €380k | €1k | €20 | €2k | ▲ 8,235% |
| Accrued charges and deferred income492/3 | - | €753 | €0 | - | - | - |
| Line | 2019 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €744k | €10k | €-1.86M | €-360k | ▲ 80.6% |
| + Depreciation and write-downs630 | €3k | €13k | €6k | €2k | €741 | ▼ 66.7% |
| Operating cash flow (approximation) | €4k | €757k | €16k | €-1.85M | €-359k | ▲ 80.6% |
| Investment in fixed assets (approximation) | - | - | €-40 | - | €0 | - |
| Change in cash | - | - | €279k | - | €-57 | - |
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
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 22 days late
16-01
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · event 13-01-2026
2025
27-10
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collective agreement (SME) · event 21-10-2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
30-09
Financial
Weakest financial yearnet €-1.86M
Net result drops to €-1.86M, the lowest in the series; recovery starts the following year.
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-12
Financial
Highest result since 2019net €744k ▲64,309%
Operating result €1.47M, net result €744k, both a record.
30-12
Financial
Equity above €1MEq €1.00M ▲209%
2 profitable years in a row build equity to €1.00M.
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Gent · 1 establishment unit since 2017
Ground area
2,561 m²
Building footprint
1,242 m²
Volume, LiDAR
8,450 m³
Parcel 44017D0816/00G000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ETT DISTRIBUTION
since 20172.266.913.952
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0816/00G000 | Flanders | 2,561 m² | 1 · 1,242 m² | 7.6 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.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 6,377 EUR awarded · 6,377 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 6,377 EUR | 6,377 EUR |
Schemes
Subsidies voor internationaal ondernemen
Vlaams opleidingsverlof (VOV)
Similar companies · same sector, comparable size
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ARPACA
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ABIOM COMMUNICATION SYSTEMS BVBA
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Sint-Niklaas · Eq €1,031,790
Of 2,121 companies in sector 46500 we hold annual accounts for 1,403. 896 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
Founded29-06-2017
Fiscal year end30-09
Abbreviation NL
ETT
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
46170Agents in the wholesale of food, beverages and tobacco
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.