ETREAC CONSULTING
ActiveSummary
ETREAC CONSULTING has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.57M and a net result of €166k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 3187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-6
Solvency90▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 3.58 in 2024; short-term debt: 26.7% and cash: 24.7% of total assets), and 35% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
65%
Return on assets
6.9%
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
38 d early
2023
54 d early
2022
12 d early
2021
19 d early
2020
17 d early
2019
23 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€166k▼ 31.4%
2024 · €241k
2018: €126k
2019: €138k
2020: €24k
2021: €147k
2022: €186k
2023: €306k
2024: €241k
2018 → 2025
Working capital
€1.40M▲ 12.5%
2024 · €1.25M
2018: €826k
2019: €730k
2020: €682k
2021: €779k
2022: €764k
2023: €1.05M
2024: €1.25M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€990k-€925k▼ 6.6%€1.23M▲ 33.1%€1.47M▲ 19.6%€1.57M▲ 6.7%
Operating result€232k-€315k▲ 35.8%€446k▲ 41.3%€356k▼ 20.1%€210k▼ 41.1%
Net result€147k-€186k▲ 26.9%€306k▲ 64.7%€241k▼ 21.3%€166k▼ 31.4%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 41% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.42M
Fixed assets
€371k ▼ 19.1%
Current assets
€2.05M ▲ 18.3%
Equity and liabilities €2.42M
Equity
€1.57M ▲ 6.7%
Provisions
€16k ▼ 4.3%
Debt
€830k ▲ 18.8%
Debt's share of the balance-sheet total rises from 31.9% to 34.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€234k▼
2024 · €376k
Cash flow
€190k▼
2024 · €260k
Current ratio
3.18▼
2024 · 3.58
Debt to equity
0.53▲
2024 · 0.47
ROE
10.5%▼
2024 · 16.4%
ROA
6.9%▼
2024 · 11.0%
Interest coverage
30.35▼
2024 · 34.11
Debt ≤ 1 year
€644k▲
2024 · €483k
Debt > 1 year
€78k▼
2024 · €117k
Income taxes
€89k▼
2024 · €109k
Staff costs
€2.98M▲
2024 · €2.79M
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 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.19M€2.42M▲
Fixed assets21/28€459k€371k▼
Tangible fixed assets22/27€354k€356k▲
Land and buildings22€348k€338k▼
Furniture and vehicles24€6k€18k▲
Financial fixed assets28€105k€15k▼
Current assets29/58€1.73M€2.05M▲
Amounts receivable within one year40/41€1.13M€1.29M▲
Trade receivables40€963k€1.03M▲
Other amounts receivable41€172k€255k▲
Current investments50/53€145k€145k▲
Cash at bank and in hand54/58€445k€596k▲
Deferred charges and accrued income490/1€3k€17k▲
Equity and liabilities
Total equity and liabilities10/49€2.19M€2.42M▲
Equity10/15€1.47M€1.57M▲
Contributions10/11€19k€19k=
Reserves13€100k€98k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€41k€39k▼
Distributable reserves133€58k€58k=
Profit (loss) carried forward14€1.35M€1.45M▲
Provisions and deferred taxes16€17k€16k▼
Deferred taxes168€17k€16k▼
Amounts payable17/49€699k€830k▲
Amounts payable after more than one year17€117k€78k▼
Financial debts170/4€117k€78k▼
Amounts payable within one year42/48€483k€644k▲
Current portion of amounts payable after more than one year42€39k€39k▲
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€81k€118k▲
Suppliers440/4€81k€118k▲
Taxes, remuneration and social security45€326k€413k▲
Taxes450/3€48k€95k▲
Remuneration and social security454/9€278k€319k▲
Other amounts payable47/48€37k€68k▲
Accrued charges and deferred income492/3€98k€108k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2.79M€2.98M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€24k▲
Other operating charges640/8€7k€4k▼
Non-recurring operating charges66A-€50k
Gross operating margin9900€3.17M€3.27M▲
Operating profit (loss)9901€356k€210k▼
Financial income75/76B€4k€51k▲
Recurring financial income75€4k€51k▲
Financial charges65/66B€11k€8k▼
Recurring financial charges65€11k€8k▼
Profit (loss) for the period before taxes9903€349k€253k▼
Transfer from deferred taxes780€718€718=
Income taxes67/77€109k€89k▼
Profit (loss) for the period9904€241k€166k▼
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€243k€167k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.35M€1.52M▲
Profit (loss) brought forward from the previous period14P€1.11M€1.35M▲
Profit to be distributed694/7-€67k
Return on contributions (dividend)694-€67k
Social balance
Average headcount (FTE)908750.751.6▲
The notes to these accounts (25 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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €306k ▲64.7%
Operating result €446k, net result €306k, both a record.
31-12
Financial
Equity above €1MEq €1.23M ▲33.1%
6 profitable years in a row build equity to €1.23M.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €24k ▼82.9%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Namur · 1 establishment unit since 2010
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.
Rue du Bataillon des Canaris(BU) 125004 NamurGround area
761 m²
Building footprint
120 m²
Volume, LiDAR
848 m³
Parcel 92021F0315/00_000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ETREAC CONSULTING
since 20102.188.306.340
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92021F0315/00_000 | Wallonia | 761 m² | 1 · 120 m² | 8.6 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300FY38YZJOLN5A47
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 22,879 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-1994
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.