ET GROEP
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-06-2024, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
33 d early
2022
31 d early
2021
17 d early
2020
30 d late
2019
31 d late
2018
90 d late
2017
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€158k▼ 42.4%
2022 · €275k
2018: €1.72M
2019: €1.64M
2021: €1.00M
2022: €275k
2018 → 2023
EBIT margin
3.1%▲ 2.3pp
2022 · 0.9%
2018: 3.0%
2019: 6.1%
2021: 19.8%
2022: 0.9%
2018 → 2023
Net result
€2.48M
2022 · €-26k
2018: €-106k
2019: €80k
2021: €127k
2022: €-26k
2018 → 2023
Working capital
€4.38M
2022 · €-3.07M
2018: €-482k
2019: €-450k
2021: €-2.79M
2022: €-3.07M
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202120222023Trend
Turnover€1.72M-€1.64M▼ 4.7%€1.00M▼ 38.8%€275k▼ 72.6%€158k▼ 42.4%
Equity€2.66M-€2.74M▲ 3.0%€2.69M▼ 1.8%€2.67M▼ 1.0%€5.15M▲ 93.1%
Operating result€52k-€101k▲ 92.1%€199k▲ 97.4%€2k▼ 98.8%€5k▲ 108%
Net result€-106k-€80k€127k▲ 59.2%€-26k€2.48M
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 108% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €5.67M
Fixed assets
€764k ▼ 86.7%
Current assets
€4.91M ▲ 202%
Equity and liabilities €5.67M
Equity
€5.15M ▲ 93.1%
Provisions
€0 ▼ 100%
Debt
€528k ▼ 88.8%
Debt's share of the balance-sheet total falls from 63.6% to 9.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▼
2022 · €30k
Cash flow
€2.50M▲
2022 · €2k
Current ratio
9.30▲
2022 · 0.35
Debt to equity
0.10▼
2022 · 1.76
ROE
48.2%▲
2022 · -1.0%
ROA
43.7%▲
2022 · -0.4%
Interest coverage
0.23▼
2022 · 0.94
Debt ≤ 1 year
€528k▼
2022 · €4.69M
Income taxes
€106▼
2022 · €573
Staff costs
€176k▼
2022 · €230k
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 · 2023 against 2022 · 76 lines
Balance sheet
Code20222023
Assets
Total assets20/58€7.38M€5.67M▼
Fixed assets21/28€5.76M€764k▼
Intangible fixed assets21€240k€758k▲
Tangible fixed assets22/27€28k€6k▼
Plant, machinery and equipment23€19k€1k▼
Furniture and vehicles24€9k€5k▼
Leasing and similar rights25€399-
Other tangible fixed assets26€157€56▼
Financial fixed assets28€5.49M-
Affiliated companies280/1€5.49M-
Participating interests280€5.49M-
Current assets29/58€1.62M€4.91M▲
Amounts receivable within one year40/41€1.62M€4.91M▲
Trade receivables40€1.53M€43k▼
Other amounts receivable41€92k€4.87M▲
Cash at bank and in hand54/58€309-
Deferred charges and accrued income490/1€309€257▼
Equity and liabilities
Total equity and liabilities10/49€7.38M€5.67M▼
Equity10/15€2.67M€5.15M▲
Contributions10/11€1.15M€1.15M=
Reserves13€1.52M€4.00M▲
Non-distributable reserves130/1€85k€85k=
Reserves not available under the articles1311€85k€85k=
Distributable reserves133€1.43M€3.91M▲
Provisions and deferred taxes16€23k-
Provisions for liabilities and charges160/5€23k-
Other liabilities and charges164/5€23k-
Amounts payable17/49€4.69M€528k▼
Amounts payable within one year42/48€4.69M€528k▼
Current portion of amounts payable after more than one year42€5k-
Financial debts43€3.99M-
Other loans439€3.99M-
Trade debts44€655k€508k▼
Suppliers440/4€655k€508k▼
Advances received on contracts in progress46€17k-
Taxes, remuneration and social security45€24k€20k▼
Taxes450/3€12k€4k▼
Remuneration and social security454/9€12k€16k▲
Other amounts payable47/48€4k-
Income statement
Code20222023
Operating income70/76A€1.93M€1.47M▼
Turnover70€275k€158k▼
Other operating income74€1.65M€1.29M▼
Non-recurring operating income76A€6k€17k▲
Operating charges60/66A€1.93M€1.46M▼
Goods for resale, raw materials and consumables60€207k€100k▼
Purchases600/8€207k€100k▼
Services and other goods61€1.48M€1.14M▼
Remuneration, social security and pensions62€230k€176k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€15k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-10k€11k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-17k€-23k▼
Other operating charges640/8€5k€11k▲
Non-recurring operating charges66A-€36k
Operating profit (loss)9901€2k€5k▲
Financial income75/76B€11k€2.63M▲
Recurring financial income75€11k€12k▲
Income from current assets751€4k-
Other financial income752/9€7k€12k▲
Non-recurring financial income76B-€2.62M
Financial charges65/66B€39k€155k▲
Recurring financial charges65€39k€98k▲
Debt charges650€32k€89k▲
Other financial charges652/9€7k€9k▲
Non-recurring financial charges66B-€57k
Profit (loss) for the period before taxes9903€-25k€2.48M▲
Income taxes67/77€573€106▼
Taxes670/3€573€106▼
Profit (loss) for the period9904€-26k€2.48M▲
Profit (loss) for the period to be appropriated9905€-26k€2.48M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-100k€2.48M▲
Profit (loss) brought forward from the previous period14P€-74k-
Transfer from equity791/2€100k-
From reserves792€100k-
Transfer to equity691/2-€2.48M
To other reserves6921-€2.48M
Social balance
Average headcount (FTE)90874.32.3▼
The notes to these accounts (67 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
22-01
State Gazette act
General meeting · Merger
Dissolution · Accounting effect · Patrick COPPIETERS 't WALLANT
2023
31-12
Financial
Back to profitnet €2.48M
Net result €2.48M after one loss-making year.
31-12
Financial
Liquidity times 27current ratio 9.30
Current ratio from 0.35 to 9.30; short-term debt falls from €4.69M to €528k.
31-12
Financial
Equity above €5MEq €5.15M ▲93.1%
Equity rises from €2.67M to €5.15M.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 90 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
Show earlier events
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
12-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 12 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:AVEVE
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 426 EUR awarded · 426 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 426 EUR | 426 EUR |
Schemes
Vlaams opleidingsverlof (VOV)