ACTIVE

ETM CONSTRUCT

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Financial year 2023 · closed on 31/12/2023

Net result

-8,4 k €

-181.9% YoY

Gross margin

1,4 k €

-93.2% YoY

Equity

60,5 k €

-12.2% YoY

What does ETM CONSTRUCT do?

ETM CONSTRUCT is a Private limited company incorporated in 1984. Its main activity is: Construction of buildings. Its registered office is in Tubize.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.135.153

Incorporation

23/08/1984

Legal form

Private limited company

Registered office

Rue de Bruxelles 16
1480 Tubize · WallonieSee on map

Contributed capital

18 592,00 €

Latest accounts

31/12/2023

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.

Signals

Solid equityLow riskGood liquidityPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2009		2008		2007
Income statement
Gross margin	1,4 k €	-93.2%	21,1 k €	+1338%	-1,7 k €	-114%	12,2 k €	-72.5%	44,4 k €	+52.5%	29,1 k €	+103%	14,4 k €	+3479%	401 €	-98.0%	19,6 k €	+1407%	-1,5 k €	-49.3%	-1 k €	+9.5%	-1,1 k €	+50.2%	-2,2 k €
EBITDA	987 €	-95.0%	19,6 k €	+374%	-7,2 k €	-159%	12,2 k €	-72.4%	44,1 k €	+51.3%	29,1 k €	+113%	13,7 k €	+3305%	401 €	-98.0%	19,6 k €	+1407%	-1,5 k €	-49.3%	-1 k €	-104%	26,8 k €	+1257%	-2,3 k €
Operating result	-2,6 k €	-117%	14,8 k €	+294%	-7,7 k €	-173%	10,5 k €	-68.1%	32,9 k €	+70.7%	19,3 k €	+44.7%	13,3 k €	+3227%	401 €	-97.7%	17,5 k €	+1269%	-1,5 k €	-49.3%	-1 k €	-104%	26,8 k €	+1257%	-2,3 k €
Net result	-8,4 k €	-182%	10,3 k €	+197%	-10,6 k €	-234%	7,9 k €	-71.3%	27,6 k €	+67.7%	16,5 k €	+24.4%	13,2 k €	+31383%	42 €	-99.8%	17 k €	+901%	-2,1 k €	-93.9%	-1,1 k €	-104%	28 k €	+1258%	-2,4 k €
Balance sheet
Equity	60,5 k €	-12.2%	69 k €	+17.6%	58,7 k €	-15.3%	69,3 k €	+12.9%	61,4 k €	+81.6%	33,8 k €	+94.9%	17,3 k €	+322%	4,1 k €	+6.7%	3,9 k €	+168%	-5,7 k €	+59.0%	-13,8 k €	-8.6%	-12,7 k €	+68.8%	-40,7 k €
Total assets	171,2 k €	+35.8%	126,1 k €	+60.9%	78,4 k €	-3.5%	81,2 k €	+4.9%	77,4 k €	+76.7%	43,8 k €	+84.1%	23,8 k €	+46.4%	16,3 k €	-2.8%	16,7 k €		–		22 k €	-14.4%	25,7 k €	-41.3%	43,8 k €
Cash	72,1 k €	+89.3%	38,1 k €	+85.1%	20,6 k €	-56.8%	47,7 k €	+6.1%	44,9 k €	+277%	11,9 k €	+476%	2,1 k €	+968%	194 €	-96.3%	5,3 k €		–		122 €	-33.0%	182 €		–
Debts	110,7 k €	+93.7%	57,2 k €	+190%	19,7 k €	+65.3%	11,9 k €	-25.6%	16 k €	+60.0%	10 k €	+55.1%	6,5 k €	-46.8%	12,1 k €	-5.6%	12,9 k €	+127%	5,7 k €	-84.2%	35,8 k €	-6.8%	38,4 k €	-9.6%	42,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2023 · 1 active · 4 ended

Active mandates

PIETRO BELLIA

Director · since 07 février 2014

Active

Ended mandates

PIETRO BELLIA

Manager · since 07 février 2014

Ended

Claude MICHIELS

Manager

Ended

JEAN PAUL MICHIELS

Manager · until 03 février 2014

Ended

Jean-Paul MICHIELS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Association des copropriétaires de la "Résidence rue de Bruxelles, 16" à 1480 Tubize, rue de Bruxelles, 16● Active	0682.679.466
BELLIA FAMILY INVEST● Active	0805.983.688
BF INVESTIMENTO● Active	1024.626.539
BN PARTNERS● Bankrupt	0680.481.724
CREDHYP● Active	0879.057.352
DMX-MANAGEMENT● Active	0568.581.732
GROUP CICI● Liquidation	0712.825.383
LOZA INVEST● Active	1003.205.276
MUGANGA● Active	1014.355.922
NOLDIM● Active	0561.906.647
STONE DESIGN LIMITED● Bankrupt	0472.379.211

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/03/2025	22/12/2023	18/11/2022	16/12/2021	08/10/2020	30/12/2019
General meeting	13/02/2025	06/10/2023	17/10/2022	26/05/2021	27/05/2020	29/05/2019
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2023	13/02/2025	07/03/2025	French	PDF
Micro model	31/12/2022	06/10/2023	22/12/2023	French	PDF
Abridged model	31/12/2021	17/10/2022	18/11/2022	French	PDF
Abridged model	31/12/2020	26/05/2021	16/12/2021	French	PDF
Abridged model	31/12/2019	27/05/2020	08/10/2020	French	PDF
Abridged model	31/12/2018	29/05/2019	30/12/2019	French	PDF
Abridged model	31/12/2017	30/05/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	30/09/2017	French	PDF
Abridged model	31/12/2014	27/05/2015	30/09/2015	French	PDF
Abridged model	31/12/2013	28/05/2014	31/08/2014	French	PDF
Abridged model	31/12/2009	30/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	16/09/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	28/11/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	27/09/2007	French	PDF
Abridged model	31/12/2005	30/06/2006	27/02/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2023 · 1 active · 4 ended

Active mandates

PIETRO BELLIA

Director · since 07 février 2014

Active

Ended mandates

PIETRO BELLIA

Manager · since 07 février 2014

Ended

Claude MICHIELS

Manager

Ended

JEAN PAUL MICHIELS

Manager · until 03 février 2014

Ended

Jean-Paul MICHIELS

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office29/01/2019
SIEGE SOCIAL
PDF
Mandates05/03/2014
DENOMINATION - SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates21/06/2007
DEMISSIONS, NOMINATIONS
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

2023
Annual accounts 2023-8,4 k €↓
2022
Annual accounts 202210,3 k €↑
2021
Annual accounts 2021-10,6 k €↓
2020
Annual accounts 20207,9 k €↓
2019
Annual accounts 201927,6 k €↑
2018
Annual accounts 201816,5 k €↑
2017
Annual accounts 201713,2 k €↑
2016
Annual accounts 201642 €↓
2014
Annual accounts 201417 k €↑
2013
Annual accounts 2013-2,1 k €↓
2013
Name changeETM CONSTRUCT
2009
Annual accounts 2009-1,1 k €↓
2008
Annual accounts 200828 k €↑
2007
Annual accounts 2007-2,4 k €
2007
Name changeMeubles Michiels
23/08/1984
IncorporationPrivate 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

ETM CONSTRUCT

Overview

What does ETM CONSTRUCT do?

Trend over 13 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