ETABO
ActiveSummary
ETABO has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €577k and a net result of €16k. Equity is growing by ~42.3% per year across the filed fiscal years. Its solvency ranks better than 87% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▼-57
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 4.62 against 7.23 in 2024; short-term debt: 21.7% and cash: 2% of total assets), and 21.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
78.3%
Return on assets
2.2%
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
21 d late
2023
77 d early
2022
82 d early
2021
51 d early
2020
30 d late
2019
122 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€577k▲ 2.9%
2024 · €561k
2018: €-1k
2019: €-6k▼ -466% vs 2018lowest in 8 years
2020: €90k▲ +1571% vs 2019
2021: €195k▲ +116% vs 2020
2022: €221k▲ +13.4% vs 2021
2023: €242k▲ +9.4% vs 2022
2024: €561k▲ +132% vs 2023
2025: €577k▲ +2.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€737k▲ 13.1%
2024 · €651k
2018: €255k
2019: €71k▼ -72.1% vs 2018lowest in 8 years
2020: €164k▲ +129% vs 2019
2021: €252k▲ +54.1% vs 2020
2022: €288k▲ +14.2% vs 2021
2023: €306k▲ +6.2% vs 2022
2024: €651k▲ +113% vs 2023
2025: €737k▲ +13.1% vs 2024highest in 8 years
2018 → 2025
Net result
€16k▼ 95.0%
2024 · €319k
2018: €-69klowest in 8 years
2019: €-5k▲ +92.6% vs 2018
2020: €96k▲ +2008% vs 2019
2021: €105k▲ +9.0% vs 2020
2022: €26k▼ -75.0% vs 2021
2023: €21k▼ -21.0% vs 2022
2024: €319k▲ +1441% vs 2023highest in 8 years
2025: €16k▼ -95.0% vs 2024
2018 → 2025
Working capital
€577k▲ 3.0%
2024 · €560k
2018: €27k
2019: €-10k▼ -137% vs 2018lowest in 8 years
2020: €89k▲ +992% vs 2019
2021: €194k▲ +118% vs 2020
2022: €221k▲ +14.0% vs 2021
2023: €242k▲ +9.4% vs 2022
2024: €560k▲ +131% vs 2023
2025: €577k▲ +3.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€195k-€221k▲ 13.4%€242k▲ 9.4%€561k▲ 132%€577k▲ 2.9%
2021: €195klowest in 5 years
2022: €221k▲ +13.4% vs 2021
2023: €242k▲ +9.4% vs 2022
2024: €561k▲ +132% vs 2023
2025: €577k▲ +2.9% vs 2024highest in 5 years
Operating result€107k-€29k▼ 72.9%€30k▲ 4.2%€434k▲ 1,333%€25k▼ 94.2%
2021: €107k
2022: €29k▼ -72.9% vs 2021
2023: €30k▲ +4.2% vs 2022
2024: €434k▲ +1333% vs 2023highest in 5 years
2025: €25k▼ -94.2% vs 2024lowest in 5 years
Net result€105k-€26k▼ 75.0%€21k▼ 21.0%€319k▲ 1,441%€16k▼ 95.0%
2021: €105k
2022: €26k▼ -75.0% vs 2021
2023: €21k▼ -21.0% vs 2022
2024: €319k▲ +1441% vs 2023highest in 5 years
2025: €16k▼ -95.0% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 94% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €737k
Equity
€577k ▲ 2.9%
Debt
€160k ▲ 77.3%
Debt's share of the balance-sheet total rises from 13.8% to 21.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
4.62▼
2024 · 7.23
Quick ratio
0.73▼
2024 · 7.23
Debt to equity
0.28▲
2024 · 0.16
ROE
2.8%▼
2024 · 56.9%
ROA
2.2%▼
2024 · 49.0%
Debt ≤ 1 year
€160k▲
2024 · €90k
Income taxes
€6k▼
2024 · €111k
Staff costs
€194k▲
2024 · €172k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€651k€737k▲
Fixed assets21/28€900€0▼
Financial fixed assets28€900€0▼
Current assets29/58€650k€737k▲
Stocks and contracts in progress3-€621k
Stocks30/36-€621k
Amounts receivable within one year40/41€58k€101k▲
Trade receivables40€35k€82k▲
Other amounts receivable41€23k€18k▼
Cash at bank and in hand54/58€591k€15k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€651k€737k▲
Equity10/15€561k€577k▲
Contributions10/11€110k€110k=
Reserves13€392k€408k▲
Tax-exempt reserves132€7k€7k=
Distributable reserves133€385k€401k▲
Profit (loss) carried forward14€59k€59k=
Amounts payable17/49€90k€160k▲
Amounts payable within one year42/48€90k€160k▲
Trade debts44€1k€666▼
Suppliers440/4€1k€666▼
Taxes, remuneration and social security45€37k€7k▼
Taxes450/3€32k€2k▼
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€52k€152k▲
Income statement
Code20242025
Non-recurring operating income76A€337€50▼
Remuneration, social security and pensions62€172k€194k▲
Other operating charges640/8€1k€5k▲
Gross operating margin9900€608k€223k▼
Operating profit (loss)9901€434k€25k▼
Financial income75/76B€338€753▲
Recurring financial income75€338€753▲
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€431k€22k▼
Income taxes67/77€111k€6k▼
Profit (loss) for the period9904€319k€16k▼
Profit (loss) for the period to be appropriated9905€319k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€379k€75k▼
Profit (loss) brought forward from the previous period14P€59k€59k=
Transfer to equity691/2€319k€16k▼
To other reserves6921€319k€16k▼
Social balance
Average headcount (FTE)90873.83.1▼
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €10k | €13 | €2k | €337 | €50 | ▼ 85.1% |
| Remuneration, social security and pensions62 | €126k | €135k | €161k | €172k | €194k | ▲ 12.3% |
| Other operating charges640/8 | €633 | €13k | €1k | €1k | €5k | ▲ 339% |
| Non-recurring operating charges66A | - | €282 | - | - | - | - |
| Gross operating margin9900 | €234k | €178k | €193k | €608k | €223k | ▼ 63.2% |
| Operating profit (loss)9901 | €107k | €29k | €30k | €434k | €25k | ▼ 94.2% |
| Financial income75/76B | €325 | €177 | €164 | €338 | €753 | ▲ 123% |
| Recurring financial income75 | €325 | €177 | €164 | €338 | €753 | ▲ 123% |
| Financial charges65/66B | €3k | €2k | €2k | €4k | €4k | ▲ 6.8% |
| Recurring financial charges65 | €3k | €2k | €2k | €4k | €4k | ▲ 6.8% |
| Profit (loss) for the period before taxes9903 | €105k | €27k | €28k | €431k | €22k | ▼ 95.0% |
| Income taxes67/77 | - | €960 | €8k | €111k | €6k | ▼ 95.0% |
| Profit (loss) for the period9904 | €105k | €26k | €21k | €319k | €16k | ▼ 95.0% |
| Profit (loss) for the period to be appropriated9905 | €105k | €26k | €21k | €319k | €16k | ▼ 95.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €252k | €288k | €306k | €651k | €737k | ▲ 13.1% |
| Fixed assets21/28 | €900 | - | - | €900 | €0 | ▼ 100% |
| Financial fixed assets28 | €900 | - | - | €900 | €0 | ▼ 100% |
| Current assets29/58 | €251k | €288k | €306k | €650k | €737k | ▲ 13.3% |
| Amounts receivable after more than one year29 | - | €900 | €900 | - | - | - |
| Other amounts receivable291 | - | €900 | €900 | - | - | - |
| Stocks and contracts in progress3 | €500 | - | - | - | €621k | - |
| Stocks30/36 | €500 | - | - | - | €621k | - |
| Amounts receivable within one year40/41 | €185k | €165k | €77k | €58k | €101k | ▲ 73.4% |
| Trade receivables40 | €173k | €149k | €69k | €35k | €82k | ▲ 136% |
| Other amounts receivable41 | €12k | €15k | €9k | €23k | €18k | ▼ 21.2% |
| Cash at bank and in hand54/58 | €65k | €121k | €227k | €591k | €15k | ▼ 97.5% |
| Deferred charges and accrued income490/1 | €864 | €891 | €975 | €1k | €1k | ▲ 8.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €252k | €288k | €306k | €651k | €737k | ▲ 13.1% |
| Equity10/15 | €195k | €221k | €242k | €561k | €577k | ▲ 2.9% |
| Contributions10/11 | €110k | €110k | €110k | €110k | €110k | = |
| Reserves13 | €73k | €73k | €73k | €392k | €408k | ▲ 4.1% |
| Non-distributable reserves130/1 | €20k | €20k | - | - | - | - |
| Reserves not available under the articles1311 | €20k | €20k | - | - | - | - |
| Tax-exempt reserves132 | €7k | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | €46k | €46k | €66k | €385k | €401k | ▲ 4.2% |
| Profit (loss) carried forward14 | €12k | €39k | €59k | €59k | €59k | = |
| Amounts payable17/49 | €57k | €66k | €63k | €90k | €160k | ▲ 77.3% |
| Amounts payable within one year42/48 | €57k | €66k | €63k | €90k | €160k | ▲ 77.3% |
| Trade debts44 | €3k | €14k | €4k | €1k | €666 | ▼ 51.7% |
| Suppliers440/4 | €3k | €14k | €4k | €1k | €666 | ▼ 51.7% |
| Taxes, remuneration and social security45 | €653 | €2k | €8k | €37k | €7k | ▼ 80.5% |
| Taxes450/3 | €653 | €2k | €8k | €32k | €2k | ▼ 93.9% |
| Remuneration and social security454/9 | - | €100 | - | €5k | €5k | ▲ 9.2% |
| Other amounts payable47/48 | €54k | €51k | €51k | €52k | €152k | ▲ 191% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105k | €26k | €21k | €319k | €16k | ▼ 95.0% |
| Operating cash flow (approximation) | €105k | €26k | €21k | €319k | €16k | ▼ 95.0% |
| Investment in fixed assets (approximation) | - | - | - | - | €900 | - |
| Change in cash | - | €56k | €105k | €365k | €-577k | ▼ 258% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
31-12
Financial
Highest result since 2018net €319k ▲1,441%
Operating result €434k, net result €319k, both a record.
31-12
Financial
Equity above €500kEq €561k ▲132%
5 profitable years in a row build equity to €561k.
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €221k ▲13.4%
3 profitable years in a row build equity to €221k.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €195k ▲116%
2 profitable years in a row build equity to €195k.
08-09
State Gazette act
General meeting · Member resignation
Member admission · Board composition
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
25-01
State Gazette act
General meeting · Director resignation
Director reappointment · Permanent representative
Show earlier events
2020
31-12
Financial
Back to profitnet €96k
Net result €96k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.22
Current ratio from 0.87 to 2.22; short-term debt falls from €75k to €73k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
24-07
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
30-07
State Gazette act
General meeting · Member resignation
Member admission · Permanent representative
18-05
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Director resignation
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
22-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2015
13-08
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2012
23-11
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Gillis-Waas · 1 establishment unit since 1955
Ground area
8,056 m²
Building footprint
6,014 m²
Parcel 46020C1754/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
ETABO BV
since 19552.003.416.422
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020C1754/00B000 | Flanders | 8,056 m² | 1 · 6,014 m² | - |
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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 32 EUR awarded · 32 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 32 EUR |
| 2022 | 1 | 32 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesEtienne AUDENAERT en Zoon BV07083
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VANDEZANDE
BE 0474.287.240
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VEVA BOUWPROJECTEN
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DE PELSMAEKER - VAN OSSELAER ALGEMENE BOUWONDERNEMING
BE 0444.881.590
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 8,666 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
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
Scores and ratios are computed by Checked and are not a credit decision.