ACTIVE

ETILEC

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Financial year 2025 · closed on 31/12/2025
Net result
108,3 k €
+23.5% YoY
Gross margin
501,8 k €
-4.3% YoY
Equity
534,2 k €
+25.4% YoY
Workforce
4,4 ETP

What does ETILEC do?

ETILEC is a Private limited company incorporated in 1992. Its registered office is in Gent. It employs on average 4,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0448.008.752
Incorporation
14/08/1992
Legal form
Private limited company
Registered office
Traktaatweg 13
9000 Gent · FlandreSee on map
Contributed capital
229 100,00 €
Latest accounts
31/12/2025
Average workforce
4,4 ETP
Joint committees (3)
  • 14901
  • 20000
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin501,8 k €524,1 k €208,5 k €306,8 k €224,8 k €245 k €123,9 k €249,6 k €151,1 k €146 k €178,8 k €254,6 k €188 k €199,3 k €177,5 k €156,4 k €174,2 k €229,7 k €213,7 k €154,1 k €
EBITDA190,9 k €168,7 k €111,4 k €70,5 k €10,7 k €48,6 k €-68,6 k €56,8 k €26,8 k €25,7 k €29,6 k €70,6 k €29,8 k €47,9 k €41,6 k €22,5 k €38,6 k €59,6 k €81 k €43,1 k €
Operating result155 k €137,7 k €98,8 k €36,7 k €-22,6 k €16,1 k €-100,2 k €-4,3 k €22,7 k €19,9 k €19,6 k €52,6 k €20,9 k €35,3 k €25,8 k €1,8 k €10,8 k €34 k €55 k €30 k €
Net result108,3 k €87,7 k €88,9 k €26,5 k €-31,9 k €7,4 k €-108,5 k €-6,1 k €15,6 k €14,5 k €10,2 k €34,7 k €17 k €29,5 k €21,1 k €1,4 k €8,9 k €26 k €39,2 k €16,6 k €
Balance sheet
Equity534,2 k €425,9 k €338,2 k €249,3 k €204,4 k €236,3 k €228,9 k €337,4 k €343,5 k €327,9 k €313,3 k €303,1 k €268,4 k €275,4 k €249,9 k €232,7 k €231,4 k €222,4 k €196,4 k €157,2 k €
Total assets1,2 M €948,5 k €874,5 k €869,5 k €714,9 k €708 k €729,6 k €867,3 k €440,6 k €373,2 k €413,4 k €417,9 k €354,7 k €397,2 k €358,8 k €386,4 k €363,4 k €357,7 k €412,5 k €362,9 k €
Cash63 k €81,3 k €173,5 k €64,5 k €60,5 k €100,5 k €65,1 k €217,1 k €239,3 k €246 k €205 k €167,5 k €157,1 k €223 k €205,7 k €137,7 k €166,7 k €109 k €108,5 k €40,5 k €
Debts700,9 k €522,6 k €536,3 k €616,8 k €504,4 k €466,2 k €495 k €525,7 k €93,5 k €42,7 k €96,1 k €112,6 k €85,9 k €121,6 k €108,6 k €153,4 k €131,5 k €134,3 k €214,7 k €205,1 k €
Other
Workforce4,4 ETP0,0 ETP––––––––3,0 ETP3,8 ETP3,0 ETP3,0 ETP3,1 ETP3,0 ETP3,5 ETP4,9 ETP3,7 ETP2,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

Allround Services & Consulting

Director · since 01 avril 2025 · 0719.904.702

Represented by Jens DE KERF

Active
Arvitech

Director · since 01 avril 2025 · 1021.769.591

Represented by Arvid BOUTERS

Active
Kodemation

Director · since 01 avril 2025 · 1021.792.060

Represented by Gilles Kodeck

Active

Ended mandates

Arvitech

Director · since 01 avril 2025 · 1021.769.591

Represented by Gilles KODECK

Ended
Jens DE KERF

Director · since 30 octobre 2023

Ended
Etienne Kodeck

Director · since 14 août 1992

Ended
Etienne KODECK

Manager · since 14 août 1992

Ended
Annual accounts

Full financial information

202520242023202320222021
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/07/202301/07/202201/07/202101/07/2020
Closing of the financial year31/12/202531/12/202431/12/202330/06/202330/06/202230/06/2021
Length of the financial year12 months12 months6 months12 months12 months12 months
Filing date06/08/202625/07/202517/07/202412/01/202418/01/202331/01/2022
General meeting20/06/202621/06/202515/06/202430/12/202329/12/202223/12/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202520/06/202606/08/2026DutchPDF
Abridged model31/12/202421/06/202525/07/2025DutchPDF
Abridged model31/12/202315/06/202417/07/2024DutchPDF
Micro model30/06/202330/12/202312/01/2024DutchPDF
Micro model30/06/202229/12/202218/01/2023DutchPDF
Micro model30/06/202123/12/202131/01/2022DutchPDF
Micro model30/06/202004/12/202022/01/2021DutchPDF
Micro model30/06/201906/12/201903/02/2020DutchPDF
Micro model30/06/201817/12/201828/01/2019DutchPDF
Micro model30/06/201721/12/201729/01/2018DutchPDF
Abridged model30/06/201620/12/201624/01/2017DutchPDF
Abridged model30/06/201504/12/201508/01/2016DutchPDF
Abridged model30/06/201405/12/201415/12/2014DutchPDF
Abridged model30/06/201328/12/201311/02/2014DutchPDF
Abridged model30/06/201221/12/201223/01/2013DutchPDF
Abridged model30/06/201130/12/201113/02/2012DutchPDF
Abridged model30/06/201030/12/201031/01/2011DutchPDF
Abridged model30/06/200904/12/200921/12/2009DutchPDF
Abridged model30/06/200805/12/200818/02/2009DutchPDF
Abridged model30/06/200707/12/200707/12/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2025 · 3 active · 6 ended

Active mandates

Allround Services & Consulting

Director · since 01 avril 2025 · 0719.904.702

Represented by Jens DE KERF

Active
Arvitech

Director · since 01 avril 2025 · 1021.769.591

Represented by Arvid BOUTERS

Active
Kodemation

Director · since 01 avril 2025 · 1021.792.060

Represented by Gilles Kodeck

Active

Ended mandates

Arvitech

Director · since 01 avril 2025 · 1021.769.591

Represented by Gilles KODECK

Ended
Jens DE KERF

Director · since 30 octobre 2023

Ended
Etienne Kodeck

Director · since 14 août 1992

Ended
Etienne KODECK

Manager · since 14 août 1992

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Registered office30/12/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares11/06/2014
    KAPITAAL - AANDELEN
    PDF
  • Mandates09/07/2007
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office09/06/2006
    MAATSCHAPPELIJKE ZETEL
    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

Timeline

  1. 2025
    Annual accounts 2025108,3 k €↑
  2. 2024
    Annual accounts 202487,7 k €↓
  3. 2023
    Annual accounts 202388,9 k €↑
  4. 2023
    Annual accounts 202326,5 k €↑
  5. 2022
    Annual accounts 2022-31,9 k €↓
  6. 2021
    Annual accounts 20217,4 k €↑
  7. 2020
    Annual accounts 2020-108,5 k €↓
  8. 2019
    Annual accounts 2019-6,1 k €↓
  9. 2018
    Annual accounts 201815,6 k €↑
  10. 2017
    Annual accounts 201714,5 k €↑
  11. 2016
    Annual accounts 201610,2 k €↓
  12. 2015
    Annual accounts 201534,7 k €↑
  13. 2014
    Annual accounts 201417 k €↓
  14. 2013
    Annual accounts 201329,5 k €↑
  15. 2012
    Annual accounts 201221,1 k €↑
  16. 2011
    Annual accounts 20111,4 k €↓
  17. 2010
    Annual accounts 20108,9 k €↓
  18. 2009
    Annual accounts 200926 k €↓
  19. 2008
    Annual accounts 200839,2 k €↑
  20. 2007
    Annual accounts 200716,6 k €
  21. 14/08/1992
    IncorporationPrivate limited company