ACTIVE

IMMO ETUIN

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Financial year 2025 · closed on 31/12/2025

Net result

31,2 k €

+596.5% YoY

Gross margin

50,8 k €

+997.3% YoY

Equity

164,9 k €

+10.9% YoY

What does IMMO ETUIN do?

IMMO ETUIN is a Public limited company incorporated in 1992. Its registered office is in Binche.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.505.549

Incorporation

27/01/1992

Legal form

Public limited company

Registered office

Rue des Pastures(BIN) 82
7130 Binche · WallonieSee on map

Contributed capital

121 500,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	50,8 k €	+997%	4,6 k €	-64.4%	13 k €	+50.1%	8,7 k €	-59.1%	21,2 k €	+8982%	-238,3 €	-101%	25,4 k €	+4.7%	24,2 k €	+28.8%	18,8 k €	+3.0%	18,3 k €	-31.5%	26,6 k €	+4.4%	25,5 k €	+13.6%	22,5 k €	+8.4%	20,7 k €	-17.8%	25,2 k €	-12.6%	28,8 k €	-32.7%	42,9 k €	+104%	21 k €	-2.9%	21,7 k €	+30.5%	16,6 k €
EBITDA	42,5 k €	+1327%	-3,5 k €	-159%	5,8 k €	+145%	2,4 k €	-83.8%	14,8 k €	+450%	2,7 k €	-74.1%	10,4 k €	-43.5%	18,3 k €	+40.5%	13,1 k €	+4.3%	12,5 k €	-40.9%	21,2 k €	+4.4%	20,3 k €	+17.3%	17,3 k €	+10.0%	15,7 k €	-21.2%	20 k €	-15.8%	23,7 k €	-36.7%	37,5 k €	+127%	16,5 k €	-4.2%	17,2 k €	+41.2%	12,2 k €
Operating result	39,7 k €	+739%	-6,2 k €	-301%	3,1 k €	+91.8%	1,6 k €	-82.0%	9 k €	+462%	-2,5 k €	-162%	4 k €	-57.0%	9,3 k €	+186%	3,3 k €	+15.1%	2,8 k €	-75.0%	11,3 k €	+8.5%	10,4 k €	-1.2%	10,6 k €	+55.8%	6,8 k €	-28.1%	9,4 k €	-28.5%	13,2 k €	-52.3%	27,6 k €	+288%	7,1 k €	+11.1%	6,4 k €	+1587%	-430,8 €
Net result	31,2 k €	+596%	-6,3 k €	-409%	2 k €	+11.4%	1,8 k €	-73.2%	6,8 k €	+366%	-2,6 k €	-205%	2,4 k €	-63.3%	6,6 k €	+206%	2,2 k €	-2.6%	2,2 k €	-70.6%	7,6 k €	-5.4%	8 k €	-3.7%	8,3 k €	+138%	3,5 k €	-54.4%	7,6 k €	-45.2%	13,9 k €	-50.1%	27,9 k €	+267%	7,6 k €	+9.6%	6,9 k €	+1530%	-485,3 €
Balance sheet
Equity	164,9 k €	+10.9%	148,7 k €	-4.1%	155 k €	-1.9%	158 k €	+1.2%	156,1 k €	+4.6%	149,3 k €	-1.7%	151,9 k €	+1.6%	149,5 k €	+0.0%	149,4 k €	+1.5%	147,3 k €	+1.5%	145 k €	+5.5%	137,5 k €	+6.2%	129,5 k €	+6.8%	121,2 k €	-2.0%	123,7 k €	-1.9%	126 k €	+5.0%	120,1 k €	+5.2%	114,2 k €	-0.3%	114,6 k €	+6.4%	107,6 k €
Total assets	188,9 k €	+27.0%	148,7 k €	-8.1%	161,9 k €	+0.3%	161,5 k €	+0.1%	161,2 k €	+6.9%	150,9 k €	-9.7%	167 k €	+3.0%	162,1 k €	-5.5%	171,6 k €	-3.3%	177,5 k €	-4.9%	186,6 k €	-5.8%	198,1 k €	+49.0%	132,9 k €	+4.4%	127,3 k €	-4.9%	133,8 k €	-0.3%	134,2 k €	+11.4%	120,5 k €	+3.3%	116,7 k €	+1.4%	115,1 k €	-1.4%	116,6 k €
Cash	56,4 k €	+16277%	344,4 €	-86.2%	2,5 k €	+385%	512,5 €	-75.8%	2,1 k €	+44.5%	1,5 k €	-43.5%	2,6 k €	+127%	1,1 k €	-28.6%	1,6 k €	+56.3%	1 k €	+115%	476,4 €	-76.9%	2,1 k €	+28.1%	1,6 k €	+14.4%	1,4 k €	-17.9%	1,7 k €	-1.3%	1,7 k €	-31.6%	2,5 k €	-48.9%	5 k €	-17.6%	6 k €	+33.2%	4,5 k €
Debts	24,1 k €		–		6,9 k €	+95.8%	3,5 k €	+34.8%	2,6 k €	+70.9%	1,5 k €	-64.5%	4,3 k €	-65.8%	12,6 k €	-43.0%	22,1 k €	-26.8%	30,2 k €	-27.3%	41,6 k €	-31.4%	60,6 k €	+1656%	3,5 k €	-43.9%	6,2 k €	-39.4%	10,2 k €	+24.5%	8,2 k €	+1869%	414,1 €	-83.4%	2,5 k €	+400%	500 €	-94.5%	9 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 31/12/2025 · 3 active · 3 ended

Active mandates

MARCEL ETUIN

Managing director · since 03 avril 2024 · until 03 avril 2030

Active

NOELLA DELHAUVE

Director · since 03 avril 2024 · until 03 avril 2030

Active

PHILIPPE ETUIN

Director · since 03 avril 2024 · until 03 avril 2030

Active

Ended mandates

MARCEL ETUIN

Managing director

Ended

NOELLA DELHAUVE

Director

Ended

NOELLA DELHAUVE

Managing director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	21/06/2026	26/06/2025	18/06/2024	23/06/2023	24/06/2022	30/07/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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
Micro model	31/12/2025	16/06/2026	21/06/2026	French	PDF
Micro model	31/12/2024	17/06/2025	26/06/2025	French	PDF
Micro model	31/12/2023	18/06/2024	18/06/2024	French	PDF
Micro model	31/12/2022	20/06/2023	23/06/2023	French	PDF
Micro model	31/12/2021	21/06/2022	24/06/2022	French	PDF
Micro model	31/12/2020	15/06/2021	30/07/2021	French	PDF
Micro model	31/12/2019	16/06/2020	14/08/2020	French	PDF
Micro model	31/12/2018	18/06/2019	22/07/2019	French	PDF
Micro model	31/12/2017	19/06/2018	14/08/2018	French	PDF
Micro model	31/12/2016	20/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	21/06/2016	16/08/2016	French	PDF
Abridged model	31/12/2014	16/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	17/06/2014	14/08/2014	French	PDF
Abridged model	31/12/2012	18/06/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	19/06/2012	13/08/2012	French	PDF
Abridged model	31/12/2010	21/06/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	16/06/2009	25/08/2009	French	PDF
Abridged model	31/12/2007	17/06/2008	26/08/2008	French	PDF
Abridged model	31/12/2006	19/06/2007	22/08/2007	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 31/12/2025 · 3 active · 3 ended

Active mandates

MARCEL ETUIN

Managing director · since 03 avril 2024 · until 03 avril 2030

Active

NOELLA DELHAUVE

Director · since 03 avril 2024 · until 03 avril 2030

Active

PHILIPPE ETUIN

Director · since 03 avril 2024 · until 03 avril 2030

Active

Ended mandates

MARCEL ETUIN

Managing director

Ended

NOELLA DELHAUVE

Director

Ended

NOELLA DELHAUVE

Managing director

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

2025
Annual accounts 202531,2 k €↑
2024
Annual accounts 2024-6,3 k €↓
2023
Annual accounts 20232 k €↑
2022
Annual accounts 20221,8 k €↓
2021
Annual accounts 20216,8 k €↑
2020
Annual accounts 2020-2,6 k €↓
2019
Annual accounts 20192,4 k €↓
2018
Annual accounts 20186,6 k €↑
2017
Annual accounts 20172,2 k €↓
2016
Annual accounts 20162,2 k €↓
2015
Annual accounts 20157,6 k €↓
2014
Annual accounts 20148 k €↓
2013
Annual accounts 20138,3 k €↑
2012
Annual accounts 20123,5 k €↓
2011
Annual accounts 20117,6 k €↓
2010
Annual accounts 201013,9 k €↓
2009
Annual accounts 200927,9 k €↑
2008
Annual accounts 20087,6 k €↑
2007
Annual accounts 20076,9 k €↑
2006
Annual accounts 2006-485,3 €
27/01/1992
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

IMMO ETUIN

Overview

What does IMMO ETUIN do?

Trend over 20 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