ETyMO
ActiveSummary
ETyMO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €56k and a net result of €10k. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 60% of 541 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+1
Solvency74▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 1.74 against 1.29 in 2023; short-term debt: 51.1% and cash: 22.6% of total assets), but 51.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
48.9%
Return on assets
8.8%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-04-2026, 264 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
264 d late
2023
19 d late
2022
105 d late
2021
124 d late
2020
31 d late
2019
31 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
€10k▼ 13.4%
2023 · €12k
2018: €5k
2019: €-15k▼ -405% vs 2018lowest in 7 years
2020: €15k▲ +200% vs 2019highest in 7 years
2021: €12k▼ -18.4% vs 2020
2022: €-3k▼ -122% vs 2021
2023: €12k▲ +517% vs 2022
2024: €10k▼ -13.4% vs 2023
2018 → 2024
Working capital
€43k▲ 51.7%
2023 · €28k
2018: €19k
2019: €3k▼ -83.0% vs 2018
2020: €-2k▼ -167% vs 2019lowest in 7 years
2021: €16k▲ +869% vs 2020
2022: €19k▲ +15.4% vs 2021
2023: €28k▲ +49.3% vs 2022
2024: €43k▲ +51.7% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€24k-€37k▲ 51.2%€34k▼ 7.5%€46k▲ 34.0%€56k▲ 22.0%
2020: €24klowest in 5 years
2021: €37k▲ +51.2% vs 2020
2022: €34k▼ -7.5% vs 2021
2023: €46k▲ +34.0% vs 2022
2024: €56k▲ +22.0% vs 2023highest in 5 years
Operating result€17k-€14k▼ 18.9%€-1k€17k€17k▼ 2.2%
2020: €17k
2021: €14k▼ -18.9% vs 2020
2022: €-1k▼ -111% vs 2021lowest in 5 years
2023: €17k▲ +1265% vs 2022highest in 5 years
2024: €17k▼ -2.2% vs 2023
Net result€15k-€12k▼ 18.4%€-3k€12k€10k▼ 13.4%
2020: €15khighest in 5 years
2021: €12k▼ -18.4% vs 2020
2022: €-3k▼ -122% vs 2021lowest in 5 years
2023: €12k▲ +517% vs 2022
2024: €10k▼ -13.4% vs 2023
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 2% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €114k
Fixed assets
€13k ▼ 26.8%
Current assets
€101k ▼ 20.7%
Equity and liabilities €114k
Equity
€56k ▲ 22.0%
Debt
€58k ▼ 41.4%
Debt's share of the balance-sheet total falls from 68.5% to 51.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▲
2023 · €24k
Cash flow
€18k▼
2023 · €19k
Current ratio
1.74▲
2023 · 1.29
Quick ratio
1.69▲
2023 · 1.24
Debt to equity
1.05▼
2023 · 2.18
ROE
18.0%▼
2023 · 25.4%
ROA
8.8%▲
2023 · 8.0%
Interest coverage
18.64▼
2023 · 20.35
Debt ≤ 1 year
€58k▼
2023 · €100k
Income taxes
€6k▲
2023 · €5k
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€145k€114k▼
Fixed assets21/28€17k€13k▼
Tangible fixed assets22/27€17k€13k▼
Plant, machinery and equipment23€13k€13k▼
Furniture and vehicles24€4k€92▼
Financial fixed assets28€5€5=
Current assets29/58€128k€101k▼
Stocks and contracts in progress3€5k€3k▼
Stocks30/36€5k€3k▼
Amounts receivable within one year40/41€123k€72k▼
Trade receivables40€119k€72k▼
Other amounts receivable41€3k€10▼
Cash at bank and in hand54/58€38€26k▲
Deferred charges and accrued income490/1€471€490▲
Equity and liabilities
Total equity and liabilities10/49€145k€114k▼
Equity10/15€46k€56k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€-19k€-9k▲
Amounts payable17/49€100k€58k▼
Amounts payable within one year42/48€100k€58k▼
Current portion of amounts payable after more than one year42€5k€350▼
Financial debts43€11k€78▼
Credit institutions430/8€11k€78▼
Trade debts44€12k€6k▼
Suppliers440/4€12k€6k▼
Advances received on contracts in progress46-€14k
Taxes, remuneration and social security45€5k€11k▲
Taxes450/3€5k€11k▲
Other amounts payable47/48€68k€27k▼
Income statement
Code20232024
Non-recurring operating income76A€72€37▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€832€955▲
Non-recurring operating charges66A€50€433▲
Gross operating margin9900€25k€26k▲
Operating profit (loss)9901€17k€17k▼
Financial income75/76B€50€184▲
Recurring financial income75€50€184▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€16k€16k▼
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€12k€10k▼
Profit (loss) for the period to be appropriated9905€12k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-9k▲
Profit (loss) brought forward from the previous period14P€-31k€-19k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €19 | €72 | €37 | ▼ 49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €13k | €12k | €7k | €8k | ▲ 8.5% |
| Other operating charges640/8 | - | €701 | €788 | €832 | €955 | ▲ 14.8% |
| Non-recurring operating charges66A | - | €156 | €245 | €50 | €433 | ▲ 765% |
| Gross operating margin9900 | €30k | €27k | €12k | €25k | €26k | ▲ 3.0% |
| Operating profit (loss)9901 | €17k | €14k | €-1k | €17k | €17k | ▼ 2.2% |
| Financial income75/76B | - | €441 | €4 | €50 | €184 | ▲ 271% |
| Recurring financial income75 | €73 | €441 | €4 | €50 | €184 | ▲ 271% |
| Financial charges65/66B | - | €1k | €1k | €1k | €1k | ▲ 10.3% |
| Recurring financial charges65 | €1k | €1k | €1k | €1k | €1k | ▲ 10.3% |
| Profit (loss) for the period before taxes9903 | €15k | €12k | €-3k | €16k | €16k | ▼ 2.2% |
| Income taxes67/77 | - | - | - | €5k | €6k | ▲ 26.5% |
| Profit (loss) for the period9904 | €15k | €12k | €-3k | €12k | €10k | ▼ 13.4% |
| Profit (loss) for the period to be appropriated9905 | €15k | €12k | €-3k | €12k | €10k | ▼ 13.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94k | €88k | €113k | €145k | €114k | ▼ 21.4% |
| Fixed assets21/28 | €33k | €22k | €15k | €17k | €13k | ▼ 26.8% |
| Tangible fixed assets22/27 | €33k | €22k | €15k | €17k | €13k | ▼ 26.8% |
| Plant, machinery and equipment23 | - | €4k | €7k | €13k | €13k | ▼ 3.5% |
| Furniture and vehicles24 | - | €18k | €8k | €4k | €92 | ▼ 97.9% |
| Financial fixed assets28 | €5 | €5 | €5 | €5 | €5 | = |
| Current assets29/58 | €61k | €66k | €98k | €128k | €101k | ▼ 20.7% |
| Stocks and contracts in progress3 | €4k | €3k | €6k | €5k | €3k | ▼ 35.9% |
| Stocks30/36 | - | €3k | €6k | €5k | €3k | ▼ 35.9% |
| Amounts receivable within one year40/41 | €56k | €61k | €90k | €123k | €72k | ▼ 41.2% |
| Trade receivables40 | - | €60k | €88k | €119k | €72k | ▼ 39.5% |
| Other amounts receivable41 | - | €2k | €2k | €3k | €10 | ▼ 99.7% |
| Cash at bank and in hand54/58 | €34 | €34 | €34 | €38 | €26k | ▲ 67,984% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €471 | €490 | ▲ 3.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94k | €88k | €113k | €145k | €114k | ▼ 21.4% |
| Equity10/15 | €24k | €37k | €34k | €46k | €56k | ▲ 22.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Legal reserve130 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-41k | €-28k | €-31k | €-19k | €-9k | ▲ 52.2% |
| Amounts payable17/49 | €70k | €51k | €79k | €100k | €58k | ▼ 41.4% |
| Amounts payable after more than one year17 | €7k | €1k | - | - | - | - |
| Financial debts170/4 | - | €1k | - | - | - | - |
| Amounts payable within one year42/48 | €63k | €50k | €79k | €100k | €58k | ▼ 41.4% |
| Current portion of amounts payable after more than one year42 | - | €18k | €10k | €5k | €350 | ▼ 92.3% |
| Financial debts43 | - | €6k | €8k | €11k | €78 | ▼ 99.3% |
| Credit institutions430/8 | - | €6k | €8k | €11k | €78 | ▼ 99.3% |
| Trade debts44 | €2k | €13k | €5k | €12k | €6k | ▼ 52.7% |
| Suppliers440/4 | - | €13k | €5k | €12k | €6k | ▼ 52.7% |
| Advances received on contracts in progress46 | - | - | - | - | €14k | - |
| Taxes, remuneration and social security45 | - | - | - | €5k | €11k | ▲ 142% |
| Taxes450/3 | - | - | - | €5k | €11k | ▲ 142% |
| Other amounts payable47/48 | - | €13k | €56k | €68k | €27k | ▼ 59.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €12k | €-3k | €12k | €10k | ▼ 13.4% |
| + Depreciation and write-downs630 | €12k | €13k | €12k | €7k | €8k | ▲ 8.5% |
| Operating cash flow (approximation) | €27k | €25k | €10k | €19k | €18k | ▼ 5.0% |
| Investment in fixed assets (approximation) | - | €-1k | €-6k | €-9k | €-3k | ▲ 66.3% |
| Change in cash | - | €0 | €0 | €3 | €26k | ▲ 746,347% |
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
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 264 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
13-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 105 days late
2022
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 124 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Fernelmont · 1 establishment unit since 1996
Ground area
853 m²
Building footprint
84 m²
Volume, LiDAR
525 m³
2 parcels, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ETYMO
since 19962.076.397.737
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92047A0370/00D002 | Wallonia | 781 m² | 1 · 7 m² | - |
| 25091C0362/02_000 | Wallonia | 72 m² | 1 · 76 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 446 companies in sector 31001 we hold annual accounts for 208. 144 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
31001Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
Scores and ratios are computed by Checked and are not a credit decision.