ACTIVE

ETEC

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Financial year 2025 · closed on 30/06/2025

Net result

230 k €

+1.3% YoY

Gross margin

775,1 k €

-1.0% YoY

Equity

1,4 M €

+20.2% YoY

Workforce

5,1 ETP

+2.0% YoY

What does ETEC do?

ETEC is a Public limited company incorporated in 1960. Its registered office is in Antwerpen. It employs on average 5,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.297.978

Incorporation

03/10/1960

Legal form

Public limited company

Registered office

Terbekehofdreef 50-52
2610 Antwerpen · FlandreSee on map

Contributed capital

109 073,15 €

Latest accounts

30/06/2025

Average workforce

5,1 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	775,1 k €	-1.0%	782,7 k €	-3.6%	811,8 k €	+40.2%	579 k €	+6.7%	542,6 k €	-1.3%	549,5 k €	-12.6%	628,6 k €	+1.2%	621,2 k €	-11.0%	698,1 k €	+39.4%	500,8 k €	-10.4%	558,6 k €	-18.8%	687,7 k €	+24.3%	553,1 k €	-32.6%	820,2 k €	+17.8%	696,6 k €	+8.2%	643,5 k €	-4.3%	672,3 k €	-10.3%	749,1 k €	+24.8%	600,1 k €
EBITDA	309,8 k €	+0.7%	307,6 k €	-1.8%	313,3 k €	+233%	94,1 k €	+33.9%	70,3 k €	-22.8%	91,1 k €	+17.4%	77,6 k €	+57.8%	49,2 k €	-68.0%	153,6 k €	+1316%	10,8 k €	-83.5%	65,7 k €	-60.6%	166,7 k €	+1127%	13,6 k €	-95.9%	330,8 k €	+17.9%	280,6 k €	-0.7%	282,6 k €	+1.6%	278,1 k €	+7.7%	258,2 k €	+77.2%	145,7 k €
Operating result	281,4 k €	-1.7%	286,2 k €	-2.3%	292,9 k €	+305%	72,4 k €	+36.5%	53 k €	-18.7%	65,2 k €	+62.8%	40,1 k €	+401%	8 k €	-82.9%	46,7 k €	+291%	-24,4 k €	-172%	34,1 k €	-74.8%	135 k €	+1064%	-14 k €	-105%	260,5 k €	+33.2%	195,6 k €	+11.1%	176,1 k €	+48.7%	118,4 k €	-14.7%	138,9 k €	+87.8%	73,9 k €
Net result	230 k €	+1.3%	226,9 k €	-4.4%	237,4 k €	+265%	65,1 k €	+22.9%	53 k €	-11.9%	60,1 k €	+26.7%	47,5 k €	+153%	18,7 k €	-58.5%	45,1 k €	+54.0%	29,3 k €	-43.9%	52,2 k €	-59.3%	128,5 k €	+520%	20,7 k €	-89.2%	192,4 k €	+43.7%	133,8 k €	+9.9%	121,8 k €	+29.0%	94,4 k €	+2.3%	92,3 k €	+109%	44,2 k €
Balance sheet
Equity	1,4 M €	+20.2%	1,1 M €	+7.3%	1,1 M €	+9.0%	972,9 k €	+1.6%	957,8 k €	+0.3%	954,9 k €	-4.0%	994,7 k €	+5.0%	947,3 k €	+2.0%	928,5 k €	-10.1%	1 M €	-10.5%	1,2 M €	-7.8%	1,3 M €	+11.4%	1,1 M €	+1.9%	1,1 M €	+21.1%	910,3 k €	+17.2%	776,5 k €	+18.6%	654,7 k €	+16.9%	560,2 k €	+19.7%	467,9 k €
Total assets	2,2 M €	-8.6%	2,4 M €	+21.3%	2 M €	+31.1%	1,5 M €	+36.7%	1,1 M €	-45.7%	2 M €	+42.3%	1,4 M €	-4.7%	1,5 M €	-2.4%	1,5 M €	-11.1%	1,7 M €	+1.8%	1,7 M €	+0.2%	1,7 M €	+12.5%	1,5 M €	-13.5%	1,7 M €	-39.4%	2,9 M €	+44.7%	2 M €	+37.4%	1,4 M €	-24.4%	1,9 M €	+47.5%	1,3 M €
Cash	993,3 k €	+45.0%	685,2 k €	+143%	281,9 k €	+1.6%	277,4 k €	+418%	53,5 k €	-91.4%	619,2 k €	+22.6%	505,2 k €	+164%	191,2 k €	+87.2%	102,2 k €	-72.2%	367 k €	+142%	151,8 k €	+83.5%	82,7 k €	-21.4%	105,2 k €	-79.2%	505 k €	+161%	193,4 k €	+272%	52 k €	+103%	25,6 k €	-91.1%	287,7 k €	+121%	130,4 k €
Debts	819,9 k €	-34.8%	1,3 M €	+37.7%	912,7 k €	+71.5%	532,2 k €	+271%	143,6 k €	-71.4%	502,1 k €	+16.8%	430,1 k €	-21.5%	547,8 k €	-0.9%	552,5 k €	-19.8%	689,1 k €	+28.1%	537,8 k €	+30.7%	411,5 k €	+48.3%	277,4 k €	-56.2%	632,6 k €	-67.6%	1,9 M €	+66.0%	1,2 M €	+49.6%	785,1 k €	-41.4%	1,3 M €	+62.6%	823,2 k €
Other
Workforce	5,1 ETP	+2.0%	5,0 ETP	-9.1%	5,5 ETP	-11.3%	6,2 ETP	-11.4%	7,0 ETP		–		10,0 ETP	+6.4%	9,4 ETP		–		8,6 ETP	-6.5%	9,2 ETP	-16.4%	11,0 ETP	+6.8%	10,3 ETP	+4.0%	9,9 ETP	+22.2%	8,1 ETP	-1.2%	8,2 ETP	-13.7%	9,5 ETP	-9.5%	10,5 ETP	+11.7%	9,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 20 ended

Active mandates

Michaël De Neef

Managing director · since 21 octobre 2013

Active

Barbara De Neef

Director · since 02 décembre 2008

Active

Marguerite Beckers

Managing director · since 18 décembre 2001

Active

Ended mandates

DIRK DE NEEF

Director · since 21 octobre 2013 · until 05 décembre 2017

Ended

MICHAEL DE NEEF

Managing director · since 21 octobre 2013 · until 05 décembre 2017

Ended

MICHAEL DE NEEF

Managing director · since 21 octobre 2013 · until 06 décembre 2022

Ended

MICHAEL DE NEEF

Managing director · since 21 octobre 2013 · until 05 décembre 2028

Ended

At this address

Other companies at this address

Company	CBE no.
Emergo Chemical Coating● Active	0406.921.532
Immo Emergo● Active	0420.780.555
IMMO FERDINAND● Active	0437.282.235
ISIDORA● Active	0506.675.441
SINCKVAL● Active	0871.452.255
TRADECC● Active	0442.368.005

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/12/2025	06/12/2024	11/12/2023	09/12/2022	12/01/2022	08/01/2021
General meeting	02/12/2025	03/12/2024	05/12/2023	06/12/2022	07/12/2021	01/12/2020
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	30/06/2025	02/12/2025	15/12/2025	Dutch	PDF
Abridged model	30/06/2024	03/12/2024	06/12/2024	Dutch	PDF
Abridged model	30/06/2023	05/12/2023	11/12/2023	Dutch	PDF
Abridged model	30/06/2022	06/12/2022	09/12/2022	Dutch	PDF
Abridged model	30/06/2021	07/12/2021	12/01/2022	Dutch	PDF
Abridged model	30/06/2020	01/12/2020	08/01/2021	Dutch	PDF
Abridged model	30/06/2019	03/12/2019	18/12/2019	Dutch	PDF
Abridged model	30/06/2018	04/12/2018	06/12/2018	Dutch	PDF
Micro model	30/06/2017	05/12/2017	08/12/2017	Dutch	PDF
Abridged model	30/06/2016	06/12/2016	13/12/2016	Dutch	PDF
Abridged model	30/06/2015	01/12/2015	02/12/2015	Dutch	PDF
Abridged model	30/06/2014	02/12/2014	17/12/2014	Dutch	PDF
Abridged model	30/06/2013	03/12/2013	20/01/2014	Dutch	PDF
Abridged model	30/06/2012	04/12/2012	15/02/2013	Dutch	PDF
Abridged model	30/06/2011	06/12/2011	15/02/2012	Dutch	PDF
Abridged model	30/06/2010	07/12/2010	14/02/2011	Dutch	PDF
Abridged model	30/06/2009	01/12/2009	30/12/2009	Dutch	PDF
Abridged model	30/06/2008	02/12/2008	12/02/2009	Dutch	PDF
Abridged model	30/06/2007	04/12/2007	28/12/2007	Dutch	PDF
Abridged model	30/06/2006	05/12/2006	04/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 30/06/2025 · 3 active · 20 ended

Active mandates

Michaël De Neef

Managing director · since 21 octobre 2013

Active

Barbara De Neef

Director · since 02 décembre 2008

Active

Marguerite Beckers

Managing director · since 18 décembre 2001

Active

Ended mandates

DIRK DE NEEF

Director · since 21 octobre 2013 · until 05 décembre 2017

Ended

MICHAEL DE NEEF

Managing director · since 21 octobre 2013 · until 05 décembre 2017

Ended

MICHAEL DE NEEF

Managing director · since 21 octobre 2013 · until 06 décembre 2022

Ended

MICHAEL DE NEEF

Managing director · since 21 octobre 2013 · until 05 décembre 2028

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other31/07/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other25/06/2014
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/11/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/01/2012
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other01/03/2010
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025230 k €↑
2024
Annual accounts 2024226,9 k €↓
2023
Annual accounts 2023237,4 k €↑
2022
Annual accounts 202265,1 k €↑
2021
Annual accounts 202153 k €↓
2020
Annual accounts 202060,1 k €↑
2019
Annual accounts 201947,5 k €↑
2018
Annual accounts 201818,7 k €↓
2017
Annual accounts 201745,1 k €↑
2016
Annual accounts 201629,3 k €↓
2015
Annual accounts 201552,2 k €↓
2014
Annual accounts 2014128,5 k €↑
2013
Annual accounts 201320,7 k €↓
2012
Annual accounts 2012192,4 k €↑
2011
Annual accounts 2011133,8 k €↑
2010
Annual accounts 2010121,8 k €↑
2009
Annual accounts 200994,4 k €↑
2008
Annual accounts 200892,3 k €↑
2007
Annual accounts 200744,2 k €
03/10/1960
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

ETEC

Overview

What does ETEC do?

Trend over 19 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