ETxE
ActiveETxE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €265 and a net result of €-92k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 13905 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency33▼-30
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.58 against 9.94 in 2024), but 99.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
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
0.1%
Return on assets
-22.3%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 13905 sector peers (2025).
NBB · sector comparisonPosition among 13905 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 10 filingsDeviation from the deadline
2025
41 d late
2024
29 d late
2023
65 d late
2022
30 d late
2021
31 d late
2020
39 d late
2019
68 d late
← 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
€265▼ 99.7%
2024 · €93k
2018: €157k
2019: €-125k
2020: €-106k
2021: €-20k
2022: €28k
2023: €71k
2024: €93k
2018 → 2025
Total assets
€415k▲ 19.9%
2024 · €346k
2018: €639k
2019: €701k
2020: €718k
2021: €417k
2022: €116k
2023: €304k
2024: €346k
2018 → 2025
Net result
€-92k
2024 · €22k
2018: €117k
2019: €-282k
2020: €18k
2021: €87k
2022: €48k
2023: €43k
2024: €22k
2018 → 2025
Working capital
€298k▲ 7.6%
2024 · €277k
2018: €276k
2019: €-52k
2020: €129k
2021: €25k
2022: €30k
2023: €198k
2024: €277k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-20k-€28k€71k▲ 152%€93k▲ 30.7%€265▼ 99.7%
Operating result€94k-€50k▼ 46.5%€48k▼ 5.0%€25k▼ 48.8%€-51k
Net result€87k-€48k▼ 44.4%€43k▼ 10.9%€22k▼ 49.1%€-92k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €51k after €25k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €415k
Fixed assets
€1k▼ 96.4%
Current assets
€413k▲ 34.2%
Equity and liabilities €415k
Equity
€265▼ 99.7%
Debt
€415k▲ 63.6%
The debt ratio rises from 73.2% to 99.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-50k▼
2024 · €25k
Cash flow
€-92k▼
2024 · €22k
Solvency
0.1%▼
2024 · 26.8%
Current ratio
3.58▼
2024 · 9.94
Quick ratio
1.12▼
2024 · 3.96
ROA
-22.3%▼
2024 · 6.3%
Interest coverage
-5.13▼
2024 · 4.61
Debt
€415k▲
2024 · €253k
Debt ≤ 1 year
€115k▲
2024 · €31k
Debt > 1 year
€299k▲
2024 · €222k
Income taxes
€516▼
2024 · €612
Equity ratios withheld: equity of €265 is too small for a meaningful ratio.
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€346k€415k▲
Fixed assets21/28€38k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€2k€1k▼
Financial fixed assets28€36k-
Current assets29/58€308k€413k▲
Amounts receivable after more than one year29€92k€63k▼
Other amounts receivable291€92k€63k▼
Stocks and contracts in progress3€185k€284k▲
Stocks30/36€185k€284k▲
Amounts receivable within one year40/41€29k€18k▼
Trade receivables40€15k€7k▼
Other amounts receivable41€14k€11k▼
Cash at bank and in hand54/58€198€47k▲
Deferred charges and accrued income490/1€2k€900▼
Equity and liabilities
Total equity and liabilities10/49€346k€415k▲
Equity10/15€93k€265▼
Contributions10/11€19k€19k=
Reserves13€161k€161k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€160k€160k=
Profit (loss) carried forward14€-87k€-180k▼
Amounts payable17/49€253k€415k▲
Amounts payable after more than one year17€222k€299k▲
Financial debts170/4€222k€299k▲
Amounts payable within one year42/48€31k€115k▲
Current portion of amounts payable after more than one year42€12k-
Trade debts44€14k€13k▼
Suppliers440/4€14k€13k▼
Advances received on contracts in progress46-€99k
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€1k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48-€300
Accrued charges and deferred income492/3€387€400▲
Income statement
Code20242025
Non-recurring operating income76A€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€395€882▲
Other operating charges640/8€991€727▼
Gross operating margin9900€26k€-50k▼
Operating profit (loss)9901€25k€-51k▼
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€5k€43k▲
Recurring financial charges65€5k€10k▲
Non-recurring financial charges66B-€33k
Profit (loss) for the period before taxes9903€22k€-92k▼
Income taxes67/77€612€516▼
Profit (loss) for the period9904€22k€-92k▼
Profit (loss) for the period to be appropriated9905€22k€-92k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-87k€-180k▼
Profit (loss) brought forward from the previous period14P€-109k€-87k▲
The notes to these accounts (9 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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 9.94
Current ratio from 3.80 to 9.94; short-term debt falls from €71k to €31k.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 3.80
Current ratio from 1.66 to 3.80.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
08-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 39 days late
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial
Weakest financial yearnet €-282k ▼341%
Net result drops to €-282k, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 198 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 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, Kalmthout · 1 establishment unit since 2007
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.
Noordeind (Dp) 972920 KalmthoutGround area
14.0 ha
Building footprint
188 m²
Volume, LiDAR
2,326 m³
Parcel 11022B0499/00A000, Flanders · tallest building 17.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
EtxE
since 20072.163.518.979
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11022B0499/00A000 | Flanders | 14.0 ha | 1 · 188 m² | 17.9 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
Private Deals
BE 1020.187.107
Montigny-le-Tilleul · Eq €263
Ge-Grond Construct
BE 1000.668.331
Brecht · Eq €263
EMD Elektro
BE 0808.058.401
Izegem · Eq €269
BOLD INVEST
BE 1002.200.832
Frameries · Eq €260
IMMO-TION
BE 0797.113.633
Rixensart · Eq €275
Of 9,633 companies in sector 68121 we hold annual accounts for 7,327. 302 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-03-2007
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
51476
68122Development of non-residential building projects
46496Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.