EUROPEAN TECHNICAL DEVELOPMENT
ActiveEUROPEAN TECHNICAL DEVELOPMENT has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €256k and a net result of €43k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 70% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+19
Solvency91▼-5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 2.77 against 2.96 in 2024; short-term debt: 34% and cash: 59.9% of total assets), and 34% 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
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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66%
Return on assets
11%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
14 d early
2023
50 d early
2022
29 d late
2021
12 d early
2020
3 d early
2019
19 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€43k
2024 · €-13k
2018: €7k
2019: €-14k
2020: €36k
2021: €33k
2022: €35k
2023: €-6k
2024: €-13k
2018 → 2025
Working capital
€234k▲ 22.5%
2024 · €191k
2018: €133k
2019: €133k
2020: €183k
2021: €170k
2022: €219k
2023: €227k
2024: €191k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€218k-€253k▲ 16.0%€247k▼ 2.4%€234k▼ 5.4%€256k▲ 9.7%
Operating result€44k-€45k▲ 2.7%€-5k€-13k▼ 173%€58k
Net result€33k-€35k▲ 4.4%€-6k€-13k▼ 119%€43k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €58k after a loss of €13k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €388k
Fixed assets
€23k▼ 46.9%
Current assets
€365k▲ 26.8%
Equity and liabilities €388k
Equity
€256k▲ 9.7%
Debt
€132k▲ 35.4%
The debt ratio rises from 29.4% to 34.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78k▲
2024 · €6k
Cash flow
€63k▲
2024 · €6k
Solvency
66.0%▼
2024 · 70.6%
Current ratio
2.77▼
2024 · 2.96
Quick ratio
2.56▼
2024 · 2.69
Debt / equity
0.51▲
2024 · 0.42
ROE
16.7%▲
2024 · -5.7%
ROA
11.0%▲
2024 · -4.0%
Interest coverage
198.36▲
2024 · 10.69
Debt
€132k▲
2024 · €97k
Debt ≤ 1 year
€132k▲
2024 · €97k
Income taxes
€15k▲
2024 · €537
Staff costs
€146k▼
2024 · €220k
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€331k€388k▲
Fixed assets21/28€43k€23k▼
Tangible fixed assets22/27€42k€22k▼
Furniture and vehicles24€42k€22k▼
Financial fixed assets28€377€377=
Current assets29/58€288k€365k▲
Stocks and contracts in progress3€26k€27k▲
Stocks30/36€26k€27k▲
Amounts receivable within one year40/41€110k€98k▼
Trade receivables40€92k€98k▲
Other amounts receivable41€18k-
Cash at bank and in hand54/58€143k€233k▲
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€331k€388k▲
Equity10/15€234k€256k▲
Contributions10/11€21k€21k=
Reserves13€158k€158k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€155k€155k=
Profit (loss) carried forward14€54k€77k▲
Amounts payable17/49€97k€132k▲
Amounts payable within one year42/48€97k€132k▲
Current portion of amounts payable after more than one year42€53k€79k▲
Trade debts44€21k€3k▼
Suppliers440/4€21k€3k▼
Taxes, remuneration and social security45€23k€35k▲
Taxes450/3€1k€24k▲
Remuneration and social security454/9€22k€11k▼
Other amounts payable47/48-€14k
Income statement
Code20242025
Non-recurring operating income76A€493€71▼
Remuneration, social security and pensions62€220k€146k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€20k▲
Other operating charges640/8€6k€9k▲
Non-recurring operating charges66A€680€110▼
Gross operating margin9900€233k€233k▼
Operating profit (loss)9901€-13k€58k▲
Financial income75/76B€703€787▲
Recurring financial income75€703€787▲
Financial charges65/66B€606€391▼
Recurring financial charges65€606€391▼
Profit (loss) for the period before taxes9903€-13k€58k▲
Income taxes67/77€537€15k▲
Profit (loss) for the period9904€-13k€43k▲
Profit (loss) for the period to be appropriated9905€-13k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€97k▲
Profit (loss) brought forward from the previous period14P€67k€54k▼
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
The notes to these accounts (7 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €43k
Net result €43k after 2 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 6.60
Current ratio from 2.60 to 6.60; short-term debt falls from €107k to €39k.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €218k ▲18.2%
2 profitable years in a row build equity to €218k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
31-12
Financial
Equity above €150kEq €184k ▲24.5%
Equity rises from €148k to €184k.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
31-12
Financial
Weakest financial yearnet €-14k ▼291%
Net result drops to €-14k, 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
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 1988
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.
Gatti de Gamondstraat 2021180 UkkelGround area
204 m²
Building footprint
88 m²
Volume, LiDAR
1,026 m³
Parcel 21616A0043/00R007, Brussels · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SYLECTRAL
since 19882.036.493.818
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0043/00R007 | Brussels | 204 m² | 1 · 88 m² | 14.7 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
HearSee
BE 0745.362.648
Geel · Eq €256k
CHAINGED
BE 0869.645.184
Lasne · Eq €257k
ACTIOMENTIS
BE 0827.720.497
Hannut · Eq €257k
KW Solutions
BE 0746.771.029
Dilbeek · Eq €257k
L.A. Elec
BE 0669.937.428
Sombreffe · Eq €257k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 7,860 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-02-1988
Fiscal year end31-12
Abbreviation FR
E.T.D.
Activities, NACEBEL
43211General electrical installation work
45310
26300Manufacture of computer, electronic and optical products
31621
71121Engineering and related technical consultancy, excluding land surveyors
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.