ACTIVE

Etna Chocolade

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Financial year 2025 · closed on 31/12/2025

Net result

759 k €

-13.4% YoY

Gross margin

1,9 M €

-5.9% YoY

Equity

2,1 M €

+12.4% YoY

Workforce

8,4 ETP

-5.6% YoY

What does Etna Chocolade do?

Etna Chocolade is a Public limited company incorporated in 1968. Its registered office is in Anderlecht. It employs on average 8,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.212.181

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Rue Victor Rauter 217
1070 Anderlecht · BruxellesSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2025

Average workforce

8,4 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,9 M €	-5.9%	2 M €	-0.8%	2,1 M €	+43.1%	1,4 M €	-7.9%	1,6 M €	+5.4%	1,5 M €	+4.3%	1,4 M €	+1.4%	1,4 M €	+12.8%	1,2 M €	+8.8%	1,1 M €	-9.1%	1,3 M €	+22.8%	1 M €	+16.0%	884,3 k €	+3.9%	851,4 k €	-3.4%	881,3 k €	+9.1%	808 k €	+1.2%	798,7 k €	+49.2%	535,5 k €
EBITDA	1,3 M €	-9.2%	1,4 M €	-2.4%	1,5 M €	+59.8%	916,2 k €	-16.4%	1,1 M €	+16.0%	944,5 k €	+4.8%	901,6 k €	-2.3%	922,7 k €	+12.1%	822,8 k €	+10.2%	746,8 k €	-10.8%	837,1 k €	+35.5%	617,9 k €	+42.1%	434,9 k €	+6.7%	407,4 k €	-17.3%	492,5 k €	+11.8%	440,4 k €	+2.3%	430,6 k €	+129%	188,1 k €
Operating result	1 M €	-10.8%	1,2 M €	-4.2%	1,2 M €	+73.3%	707,7 k €	-18.9%	873 k €	+20.4%	724,9 k €	+15.8%	626 k €	-1.9%	638,2 k €	+1.9%	626,2 k €	+9.2%	573,7 k €	-14.2%	668,3 k €	+37.8%	485,2 k €	+62.2%	299,2 k €	+16.1%	257,6 k €	-25.9%	347,5 k €	+9.9%	316,2 k €	+13.9%	277,5 k €	+849%	29,3 k €
Net result	759 k €	-13.4%	876,1 k €	+1.3%	864,5 k €	+58.7%	544,6 k €	-18.3%	666,6 k €	+25.5%	531,3 k €	+13.5%	468,2 k €	+3.6%	452 k €	+5.1%	430,1 k €	+11.9%	384,3 k €	-14.0%	446,8 k €	+34.4%	332,4 k €	+58.7%	209,5 k €	+13.8%	184,2 k €	-21.4%	234,2 k €	+0.5%	233 k €	-5.2%	245,8 k €	+363%	53,1 k €
Balance sheet
Equity	2,1 M €	+12.4%	1,9 M €	-5.6%	2 M €	+56.0%	1,3 M €	+3.1%	1,2 M €	+14.4%	1,1 M €	+12.4%	955,9 k €	+18.9%	803,7 k €	+26.1%	637,2 k €	+5.8%	602 k €	-17.3%	727,6 k €	-8.0%	791 k €	-9.0%	869,5 k €	-10.5%	971,3 k €	-10.6%	1,1 M €	-6.0%	1,2 M €	+0.2%	1,2 M €	+2.0%	1,1 M €
Total assets	2,6 M €	-3.7%	2,7 M €	+2.0%	2,7 M €	+38.1%	1,9 M €	+0.1%	1,9 M €	+17.2%	1,7 M €	+18.0%	1,4 M €	+8.7%	1,3 M €	+8.2%	1,2 M €	-3.3%	1,2 M €	-14.4%	1,4 M €	+7.6%	1,3 M €	-13.6%	1,5 M €	+2.9%	1,5 M €	-6.0%	1,6 M €	-3.7%	1,7 M €	+11.5%	1,5 M €	+3.4%	1,4 M €
Cash	198,4 k €	-27.2%	272,6 k €	+177%	98,4 k €	-68.6%	313,3 k €	-33.6%	472 k €	+91.7%	246,3 k €	+147%	99,5 k €	-35.8%	155 k €	+69.9%	91,2 k €	-34.6%	139,5 k €	-46.9%	262,4 k €	-23.6%	343,7 k €	-28.8%	482,6 k €	+35.9%	355 k €	+4.7%	339,2 k €	-38.2%	548,5 k €	+46.0%	375,8 k €	+130%	163,2 k €
Debts	533,6 k €	-38.2%	864 k €	+23.5%	699,4 k €	+4.0%	672,7 k €	-5.1%	709,2 k €	+22.7%	578,1 k €	+30.0%	444,7 k €	-8.3%	485,1 k €	-12.4%	554 k €	-12.1%	630,4 k €	-11.5%	712 k €	+30.3%	546,6 k €	-19.4%	678,2 k €	+27.2%	533,1 k €	+3.9%	513,1 k €	+1.7%	504,7 k €	+50.4%	335,5 k €	+8.6%	308,9 k €
Other
Workforce	8,4 ETP	-5.6%	8,9 ETP	+1.1%	8,8 ETP	+4.8%	8,4 ETP	+5.0%	8,0 ETP	0.0%	8,0 ETP	-11.1%	9,0 ETP	+9.8%	8,2 ETP	+9.3%	7,5 ETP	+8.7%	6,9 ETP	-12.7%	7,9 ETP	0.0%	7,9 ETP	-8.1%	8,6 ETP	-3.4%	8,9 ETP	+11.3%	8,0 ETP	0.0%	8,0 ETP	0.0%	8,0 ETP	0.0%	8,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 10 ended

Active mandates

Frederik Schraepen

Director · since 01 mars 2025 · until 01 mars 2031

Active

Herman Schraepen

Managing director · since 01 mars 2025 · until 01 mars 2031

Active

Martine Houtmeyers

Director · since 01 mars 2025 · until 01 mars 2031

Active

Ended mandates

Frederik Schraepen

Director · since 02 mars 2019 · until 01 mars 2025

Ended

Herman Schraepen

Managing director · since 02 mars 2019 · until 01 mars 2025

Ended

Martha Vincx

Director · since 02 mars 2019 · until 01 mars 2025

Ended

Martine Houtmeyers

Director · since 02 mars 2019 · until 01 mars 2025

Ended

At this address

Other companies at this address

Company	CBE no.
Etna● Active	0402.212.280

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/04/2026	02/04/2025	03/03/2024	04/04/2023	29/03/2022	28/03/2021
General meeting	07/03/2026	01/03/2025	02/03/2024	04/03/2023	05/03/2022	06/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	07/03/2026	09/04/2026	Dutch	PDF
Abridged model	31/12/2024	01/03/2025	02/04/2025	Dutch	PDF
Abridged model	31/12/2023	02/03/2024	03/03/2024	Dutch	PDF
Abridged model	31/12/2022	04/03/2023	04/04/2023	Dutch	PDF
Abridged model	31/12/2021	05/03/2022	29/03/2022	Dutch	PDF
Abridged model	31/12/2020	06/03/2021	28/03/2021	Dutch	PDF
Abridged model	31/12/2019	07/03/2020	06/04/2020	Dutch	PDF
Abridged model	31/12/2018	02/03/2019	02/04/2019	Dutch	PDF
Abridged model	31/12/2017	03/03/2018	27/06/2018	Dutch	PDF
Abridged model	31/12/2016	04/03/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	05/03/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	07/03/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	01/03/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	02/03/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	03/03/2012	19/03/2012	Dutch	PDF
Abridged model	31/12/2010	05/03/2011	23/03/2011	Dutch	PDF
Abridged model	31/12/2009	06/03/2010	10/05/2010	Dutch	PDF
Abridged model	31/12/2008	03/03/2009	04/04/2009	Dutch	PDF
Abridged model	31/12/2007	01/03/2008	01/04/2008	Dutch	PDF
Abridged model	31/12/2006	03/03/2007	02/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 10 ended

Active mandates

Frederik Schraepen

Director · since 01 mars 2025 · until 01 mars 2031

Active

Herman Schraepen

Managing director · since 01 mars 2025 · until 01 mars 2031

Active

Martine Houtmeyers

Director · since 01 mars 2025 · until 01 mars 2031

Active

Ended mandates

Frederik Schraepen

Director · since 02 mars 2019 · until 01 mars 2025

Ended

Herman Schraepen

Managing director · since 02 mars 2019 · until 01 mars 2025

Ended

Martha Vincx

Director · since 02 mars 2019 · until 01 mars 2025

Ended

Martine Houtmeyers

Director · since 02 mars 2019 · until 01 mars 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other21/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/04/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other19/03/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates30/01/2007
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025759 k €↓
2024
Annual accounts 2024876,1 k €↑
2023
Annual accounts 2023864,5 k €↑
2022
Annual accounts 2022544,6 k €↓
2021
Annual accounts 2021666,6 k €↑
2020
Annual accounts 2020531,3 k €↑
2019
Annual accounts 2019468,2 k €↑
2018
Annual accounts 2018452 k €↑
2017
Annual accounts 2017430,1 k €↑
2016
Annual accounts 2016384,3 k €↓
2015
Annual accounts 2015446,8 k €↑
2014
Annual accounts 2014332,4 k €↑
2013
Annual accounts 2013209,5 k €↑
2012
Annual accounts 2012184,2 k €↓
2011
Annual accounts 2011234,2 k €↑
2010
Annual accounts 2010233 k €↓
2009
Annual accounts 2009245,8 k €↑
2008
Annual accounts 200853,1 k €
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Etna Chocolade

Overview

What does Etna Chocolade do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline