Active BE 0479.728.247Private limited company

ETIMAR

Kerselarenlaan 17 ·1770 Liedekerke, Belgium· 23 yrs active

Sector: Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen (68203)

Conclusion Checked

The computed 12-month bankruptcy probability of ETIMAR is 0.2% (very low). The 2025 annual accounts show equity of €3.90M and a net result of €745k. The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€3.90M
Net result	€745k
Active	23 yrs
Locations	1

Financial profile 4 of 5 axes measured · computed by Checked

80 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 63

Profitability 95

Solvency 78

Growth -

Stability 85

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2003, 23 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

63 / 100 Healthy

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 08-06-2026 with the NBB · fiscal year 2025 · verkort

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€-22k
Net profit	€745k
Cash flow	€768k
Staff costs	-
Income taxes	€304k
Dividends	€0
Total assets	€8.66M
Equity	€3.90M
Debt	€4.76M
of which ≤ 1y	€4.51M
of which > 1y	€18k
Working capital	€2.16M
Employees (FTE)	0.0

Ratios (computed)

	2025
Current ratio	1.48
Quick ratio	1.48
Working capital ratio	24.9%
Solvency	45.1%
Debt / equity	1.22
Long-term debt ratio	0.00
Interest coverage	-1.69
Gross margin	-
Net margin	-
ROA	8.6%
ROE	19.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €2.00M · 23.1% Current assets €6.66M · 76.9%

Equity & liabilities

Equity €3.90M · 45.1% Debt €4.76M · 54.9%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€8.66M
Fixed assets	21/28	€2.00M
Tangible fixed assets	22/27	€1.33M
Financial fixed assets	28	€665k
Current assets	29/58	€6.66M
Amounts receivable within one year	40/41	€675k
Investments	50/53	€5.71M
Cash & bank	54/58	€105k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€8.66M
Equity	10/15	€3.90M
Contributions / capital	10/11	€20k
Reserves	13	€2.78M
Accumulated profits (losses)	14	€1.10M
Amounts payable	17/49	€4.76M
Amounts payable after one year	17	€18k
Amounts payable within one year	42/48	€4.51M
Trade debts payable within one year	44	€7k
Income statement
Gross operating margin	9900	€-5k
Operating result	9901	€-44k
Financial income	75	€1.11M
Financial charges	65	€13k
Result before taxes	9903	€1.05M
Income taxes	67/77	€304k
Net result for the period	9904	€745k
Result to be appropriated	9905	€745k

Ratios computed by Checked.

Legal Structure

NACE primary	Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen(68203)
Legal form	Private limited company(610)
Incorporation	10-03-2003
Status	Active
Postal code	1770

Establishment units 1 location

Kerselarenlaan 17, 1770 Liedekerke

het verlenen van advies en praktische hulp aan de bedrijven i.v.m. public relations en communicatie

since 20032.127.162.290

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23762E0004/00Z006	Flanders	756 m²	1 · 164 m²	8.4 m · 2 fl.

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.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

08-06-2026