ACTIVE

E T C - ETUDES ET TECHNIQUES SPECIALES DE CONSTRUCTION

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Financial year 2025 · Closed on 31/12/2025

Net result-46,1 k €-180,0 %over 1 year

Gross margin2,3 M €+5,3 %over 1 year

Equity594,4 k €-10,6 %over 1 year

Workforce38,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

E T C - ETUDES ET TECHNIQUES SPECIALES DE CONSTRUCTION is a Public limited company incorporated in 1986. Its registered office is in Couvin. It employs on average 38,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0428.917.667
Incorporation: 26/04/1986
Legal form: Public limited company
Registered office: Route Charlemagne 25
5660 Couvin · WallonieSee on map
Contributed capital: 400 000,00 €
Latest accounts: 31/12/2025
Average workforce: 38,0 ETP

Joint committees (3)

Signals

Positive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,3 M €	+5.3%	2,2 M €	-4.5%	2,3 M €	+3.3%	2,2 M €	+9.0%	2,1 M €
EBITDA	37,5 k €	-71.6%	132,2 k €	-14.1%	153,8 k €	-21.1%	195 k €	+10.0%	177,3 k €
Operating result	-12,9 k €	-114%	94,9 k €	-14.4%	110,8 k €	-38.7%	180,7 k €	+45.9%	123,8 k €
Net result	-46,1 k €	-180%	57,6 k €	-13.4%	66,5 k €	-49.6%	132,1 k €	+53.9%	85,8 k €
Balance sheet
Equity	594,4 k €	-10.6%	665,1 k €	+1.3%	656,5 k €	-1.2%	664,2 k €	-9.2%	731,5 k €
Total assets	2,5 M €	+12.0%	2,2 M €	-5.7%	2,3 M €	-5.9%	2,5 M €	-3.0%	2,6 M €
Cash	456,1 k €	+30.5%	349,6 k €	+10.3%	317 k €	-52.4%	665,5 k €	+53.6%	433,4 k €
Debts	1,9 M €	+22.6%	1,5 M €	-7.8%	1,7 M €	-8.7%	1,8 M €	+2.4%	1,8 M €
Other
Workforce	38,0 ETP	0.0%	38,0 ETP	-7.1%	40,9 ETP	+6.2%	38,5 ETP	-5.2%	40,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 15 ended

Active mandates

SOLUTIONS MAINTENANCE ENGINEERING

Director · since 30 mars 2018 · 0693.842.978

Represented by Emmanuel SALENDRES

Active

Pierre MINET

Managing director

Active

Ended mandates

Pierre Minet

Director · since 05 avril 2018

Ended

Pierre Minet

Managing director · since 05 avril 2018

Ended

SOLUTIONS MAINTENANCE ENGINEERING

Director · since 05 avril 2018 · 0693.842.978

Represented by Emmanuel SALENDRES

Ended

SOLUTIONS MAINTENANCE ENGINEERING

Director · since 05 avril 2018 · 0693.842.978

Represented by Emmanuel Salendres

Ended

Full financial information

Source · NBB

	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	26/05/2026	26/06/2025	20/06/2024	15/06/2023	05/07/2022	21/06/2021
General meeting	22/05/2026	23/05/2025	17/05/2024	17/05/2023	27/05/2022	27/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/05/2026	26/05/2026	French	PDF
Abridged model	31/12/2024	23/05/2025	26/06/2025	French	PDF
Abridged model	31/12/2023	17/05/2024	20/06/2024	French	PDF
Abridged model	31/12/2022	17/05/2023	15/06/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	05/07/2022	French	PDF
Abridged model	31/12/2020	27/05/2021	21/06/2021	French	PDF
Abridged model	31/12/2019	27/05/2020	29/06/2020	French	PDF
Abridged model	31/12/2018	01/04/2019	03/06/2019	French	PDF
Abridged model	31/12/2017	05/04/2018	22/06/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	19/06/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	07/07/2016	French	PDF
Abridged model	31/12/2014	22/05/2015	20/08/2015	French	PDF
Abridged model	31/12/2013	23/05/2014	18/06/2014	French	PDF
Abridged model	31/12/2012	23/05/2013	16/07/2013	French	PDF
Abridged model	31/12/2011	24/05/2012	06/06/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	27/06/2011	French	PDF
Abridged model	31/12/2009	14/04/2010	12/07/2010	French	PDF
Abridged model	31/12/2008	24/06/2009	29/06/2009	French	PDF
Abridged model	31/12/2007	23/05/2008	03/06/2008	French	PDF
Abridged modelCorrection	31/12/2006	11/06/2007	27/08/2007	French	PDF
Abridged model	31/12/2006	11/06/2007	06/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 15 ended

Active mandates

SOLUTIONS MAINTENANCE ENGINEERING

Director · since 30 mars 2018 · 0693.842.978

Represented by Emmanuel SALENDRES

Active

Pierre MINET

Managing director

Active

Ended mandates

Pierre Minet

Director · since 05 avril 2018

Ended

Pierre Minet

Managing director · since 05 avril 2018

Ended

SOLUTIONS MAINTENANCE ENGINEERING

Director · since 05 avril 2018 · 0693.842.978

Represented by Emmanuel SALENDRES

Ended

SOLUTIONS MAINTENANCE ENGINEERING

Director · since 05 avril 2018 · 0693.842.978

Represented by Emmanuel Salendres

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates25/10/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates16/05/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates29/06/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates30/07/2013
DEMISSIONS, NOMINATIONS
PDF
Capital / shares18/12/2006
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates12/10/2005
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates12/01/2004
DEMISSIONS, NOMINATIONS
PDF
Mandates21/05/2003
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025-46,1 k €↓
2024
Annual accounts 202457,6 k €↓
2023
Annual accounts 202366,5 k €↓
2022
Annual accounts 2022132,1 k €↑
2021
Annual accounts 202185,8 k €↑
2020
Annual accounts 202041,7 k €↓
2019
Annual accounts 201949,1 k €↑
2018
Annual accounts 201842,3 k €↑
2017
Annual accounts 2017141,8 €↓
2016
Annual accounts 20166,3 k €↓
2015
Annual accounts 201532,5 k €↓
2014
Annual accounts 201477,3 k €↑
2013
Annual accounts 201333,1 k €↓
2012
Annual accounts 201249,1 k €↑
2011
Annual accounts 201111,3 k €↑
2010
Annual accounts 20109,3 k €↑
2009
Annual accounts 2009-3,8 k €↓
2008
Annual accounts 2008-163,2 €↓
2007
Annual accounts 200773,2 k €↑
2006
Annual accounts 2006-133,6 k €
26/04/1986
IncorporationPublic limited company

E T C - ETUDES ET TECHNIQUES SPECIALES DE CONSTRUCTION

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline