ETS MANTOVAN - ORELEC
ActiveETS MANTOVAN - ORELEC has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €6k. Equity is shrinking by ~16.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 56% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
93
/ 100
Excellent▲ +31 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency96▼-4
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.03), and 49.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-01-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
13 d late
2023
51 d early
2022
20 d early
2021
41 d early
2020
19 d early
2019
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6k
2024 · €-97k
2019: €-6k
2020: €14k
2021: €-35k
2022: €-5k
2023: €-12k
2024: €-97k
2019 → 2025
Working capital
€26k▲ 30.5%
2024 · €20k
2019: €154k
2020: €168k
2021: €133k
2022: €128k
2023: €117k
2024: €20k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€133k-€129k▼ 3.6%€117k▼ 9.0%€20k▼ 82.8%€26k▲ 30.3%
Operating result€-35k-€-5k▲ 86.7%€-11k▼ 146%€14k€6k▼ 55.2%
Net result€-35k-€-5k▲ 86.4%€-12k▼ 143%€-97k▼ 734%€6k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52k
Fixed assets
€100=
Current assets
€52k▲ 157%
Equity and liabilities €52k
Equity
€26k▲ 30.3%
Debt
€25k▲ 116,469%
The debt ratio rises from 0.1% to 49.2%: debt grows faster than equity.
Key figures and ratios
Solvency
50.8%▼
2024 · 99.9%
Current ratio
2.03
Quick ratio
2.03
Debt / equity
0.97▲
2024 · 0.00
ROE
23.3%▲
2024 · -480.6%
ROA
11.8%▲
2024 · -480.0%
Debt
€25k▲
2024 · €22
Debt ≤ 1 year
€25k▲
2024 · €22
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€20k€52k▲
Fixed assets21/28€100€100=
Financial fixed assets28€100€100=
Current assets29/58€20k€52k▲
Amounts receivable within one year40/41€15k€44k▲
Trade receivables40€8k€37k▲
Other amounts receivable41€7k€7k▲
Cash at bank and in hand54/58€5k€7k▲
Deferred charges and accrued income490/1€280€272▼
Equity and liabilities
Total equity and liabilities10/49€20k€52k▲
Equity10/15€20k€26k▲
Contributions10/11€19k€19k=
Reserves13€2k€7k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€7k
Profit (loss) carried forward14€-308€663▲
Amounts payable17/49€22€25k▲
Amounts payable within one year42/48€22€25k▲
Trade debts44€22€25k▲
Suppliers440/4€22€25k▲
Income statement
Code20242025
Other operating charges640/8€384€437▲
Gross operating margin9900€15k€7k▼
Operating profit (loss)9901€14k€6k▼
Financial income75/76B€3€3▲
Recurring financial income75€3€3▲
Financial charges65/66B€111k€258▼
Recurring financial charges65€205€258▲
Non-recurring financial charges66B€111k-
Profit (loss) for the period before taxes9903€-97k€6k▲
Profit (loss) for the period9904€-97k€6k▲
Profit (loss) for the period to be appropriated9905€-97k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-332k€6k▲
Profit (loss) brought forward from the previous period14P€-235k€-308▲
Transfer from equity791/2€332k€2k▼
Transfer to equity691/2-€7k
To other reserves6921-€7k
The notes to these accounts (4 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
13-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Back to profitnet €6k
Net result €6k after 4 loss-making years.
13-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 13 days late
2024
30-06
Financial
Weakest financial yearnet €-97k
Net result drops to €-97k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 265current ratio 921.28
Current ratio from 3.47 to 921.28; short-term debt falls from €47k to €22.
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
22-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
18-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
05-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 5 days late
2016
25-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 115 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, Mons · 1 establishment unit since 1997
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.
Chaussée du Roi Baudouin 1947030 MonsGround area
1,825 m²
Building footprint
196 m²
Volume, LiDAR
1,510 m³
2 parcels, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Blancart 21, 7030 Mons
since 19972.103.065.809
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53071B0594/00E000 | Wallonia | 1,005 m² | 1 · 109 m² | 11.2 m · 3 fl. |
| 53071B0236/00Y000 | Wallonia | 821 m² | 1 · 87 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,794 companies in sector 46831 we hold annual accounts for 1,390. 501 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-12-1996
Fiscal year end30-06
Activities, NACEBEL
46831Wholesale of construction materials, general range
51532
42220Construction of utility projects for electricity and telecommunications
43222Installation of electric heating, air conditioning, cooling and ventilation
45215
46861Wholesale of diamonds and other precious stones
47521Retail sale of hardware, building materials, paint and glass (general range)
51561
52462
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.