ACTIVE

ETICS

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Financial year 2023 · closed on 31/12/2023

Net result

37,4 k €

+250.7% YoY

Gross margin

54,1 k €

+150.7% YoY

Equity

54,5 k €

+87.7% YoY

What does ETICS do?

ETICS is a Private limited company incorporated in 1990. Its main activity is: Electrical installation. Its registered office is in Berchem-Sainte-Agathe.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.355.857

Incorporation

16/01/1990

Legal form

Private limited company

Registered office

Rue Kasterlinden 50
1082 Berchem-Sainte-Agathe · BruxellesSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2023

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories

Joint committees (1)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	54,1 k €	+151%	21,6 k €	-21.1%	27,3 k €	+58.2%	17,3 k €	+99.2%	8,7 k €	-74.1%	33,5 k €	+815%	3,7 k €	+371%	-1,3 k €	-2071%	-62,2 €	+96.9%	-2 k €	-106%	-988,2 €	-154%	1,8 k €	+165%	-2,8 k €	+50.6%	-5,7 k €	-119%	29,9 k €	+556%	-6,6 k €	-155%	12 k €
EBITDA	53,3 k €	+157%	20,8 k €	-20.5%	26,1 k €	+60.0%	16,3 k €	+119%	7,5 k €	-77.4%	33 k €	+1069%	-3,4 k €	-77.8%	-1,9 k €	-228%	-583,7 €	+77.1%	-2,6 k €	-26.7%	-2 k €	-254%	1,3 k €	+135%	-3,8 k €	+40.3%	-6,3 k €	-122%	29,1 k €	+511%	-7,1 k €	-164%	11 k €
Operating result	37,4 k €	+192%	12,8 k €	-31.3%	18,7 k €	+270%	5 k €	+808%	-713 €	-103%	25 k €	+835%	-3,4 k €	+61.2%	-8,8 k €	-1166%	-692,8 €	+87.1%	-5,4 k €	-4.8%	-5,1 k €	-21.0%	-4,2 k €	+63.7%	-11,7 k €	+18.5%	-14,3 k €	-167%	21,4 k €	+239%	-15,4 k €	-405%	5 k €
Net result	37,4 k €	+251%	10,7 k €	-41.9%	18,4 k €	+324%	4,3 k €	+490%	-1,1 k €	-104%	24,8 k €	+812%	-3,5 k €	+25.3%	-4,7 k €	-466%	-825,8 €	+85.1%	-5,5 k €	-7.4%	-5,2 k €	-2.0%	-5,1 k €	+44.0%	-9 k €	+15.0%	-10,6 k €	-144%	23,9 k €	+251%	-15,8 k €	-508%	3,9 k €
Balance sheet
Equity	54,5 k €	+87.7%	29 k €	+19.2%	24,4 k €	+103%	12 k €	-2.9%	12,3 k €	-8.3%	13,5 k €	+218%	-11,4 k €	-44.2%	-7,9 k €	-145%	-3,2 k €	-34.4%	-2,4 k €	-176%	3,1 k €	-62.2%	8,3 k €	-37.9%	13,3 k €	-40.3%	22,4 k €	-32.2%	33 k €	+262%	9,1 k €	-63.5%	24,9 k €
Total assets	85,7 k €	+115%	39,9 k €	-1.0%	40,3 k €	+18.0%	34,2 k €	-16.0%	40,7 k €	-10.8%	45,6 k €	+599%	6,5 k €	-76.1%	27,3 k €	+4.9%	26 k €	+567%	3,9 k €	-57.8%	9,3 k €	-28.2%	12,9 k €	-46.4%	24 k €	-0.5%	24,1 k €	-48.4%	46,8 k €	+71.7%	27,3 k €	-47.8%	52,2 k €
Cash	1,5 k €	-84.6%	9,9 k €	-35.5%	15,3 k €	+162%	5,8 k €	-46.5%	10,9 k €		–		6,5 k €	+550%	1 k €	-95.0%	19,9 k €	+635%	2,7 k €	+163%	1 k €	-66.0%	3 k €	-41.3%	5,2 k €	+109%	2,5 k €	-82.6%	14,2 k €	+1972%	686,3 €	-89.0%	6,2 k €
Debts	22,4 k €	+165%	8,5 k €	-47.0%	16 k €	-25.4%	21,4 k €	-24.4%	28,3 k €	-11.9%	32,1 k €	+79.5%	17,9 k €	-49.1%	35,2 k €	+20.3%	29,3 k €	+364%	6,3 k €	+3.0%	6,1 k €	+37.3%	4,5 k €	-57.9%	10,6 k €	+495%	1,8 k €	-77.3%	7,8 k €	-53.8%	17 k €	-37.6%	27,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

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

Active mandates

MICHAL CHRONOWSKI

Mandate

Active

Ended mandates

Marcin CHRONOWSKI

Manager · since 01 avril 2011

Ended

Kevin BRAIBANT

Manager · since 23 septembre 2004 · until 11 décembre 2013

Ended

Kevin BRAIBANT

Manager · since 23 septembre 2004

Ended

Philippe HELLEBAUT

Manager · since 23 septembre 2004

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2018	2017
Type of account	Abridged model	Abridged model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2018	01/01/2017
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/09/2024	31/08/2023	06/11/2023	08/11/2023	31/07/2019	24/09/2018
General meeting	13/06/2024	15/06/2023	27/05/2022	28/05/2021	31/05/2019	31/05/2018
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	13/06/2024	18/09/2024	French	PDF
Abridged model	31/12/2022	15/06/2023	31/08/2023	French	PDF
Micro model	31/12/2021	27/05/2022	06/11/2023	French	PDF
Abridged model	31/12/2020	28/05/2021	08/11/2023	French	PDF
Abridged model	31/12/2018	31/05/2019	31/07/2019	French	PDF
Abridged model	31/12/2017	31/05/2018	24/09/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	21/09/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	19/07/2016	French	PDF
Abridged model	31/12/2014	18/06/2015	17/07/2015	French	PDF
Abridged model	31/12/2013	19/06/2014	26/06/2014	French	PDF
Abridged model	31/12/2012	20/06/2013	05/07/2013	French	PDF
Abridged model	31/12/2011	21/06/2012	11/07/2012	French	PDF
Abridged model	31/12/2010	16/06/2011	08/07/2011	French	PDF
Abridged model	31/12/2009	17/06/2010	26/07/2010	French	PDF
Abridged model	31/12/2008	18/06/2009	17/07/2009	French	PDF
Abridged model	31/12/2007	19/06/2008	23/06/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	27/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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

MICHAL CHRONOWSKI

Mandate

Active

Ended mandates

Marcin CHRONOWSKI

Manager · since 01 avril 2011

Ended

Kevin BRAIBANT

Manager · since 23 septembre 2004 · until 11 décembre 2013

Ended

Kevin BRAIBANT

Manager · since 23 septembre 2004

Ended

Philippe HELLEBAUT

Manager · since 23 septembre 2004

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2023
Annual accounts 202337,4 k €↑
2022
Annual accounts 202210,7 k €↓
2021
Annual accounts 202118,4 k €↑
2020
Annual accounts 20204,3 k €↑
2018
Annual accounts 2018-1,1 k €↓
2017
Annual accounts 201724,8 k €↑
2016
Annual accounts 2016-3,5 k €↑
2015
Annual accounts 2015-4,7 k €↓
2014
Annual accounts 2014-825,8 €↑
2013
Annual accounts 2013-5,5 k €↓
2012
Annual accounts 2012-5,2 k €↓
2011
Annual accounts 2011-5,1 k €↑
2010
Annual accounts 2010-9 k €↑
2009
Annual accounts 2009-10,6 k €↓
2008
Annual accounts 200823,9 k €↑
2007
Annual accounts 2007-15,8 k €↓
2006
Annual accounts 20063,9 k €
16/01/1990
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

ETICS

Overview

What does ETICS do?

Trend over 17 financial years

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

Similar companies

Similar companies

Timeline