ETEX SERVICES
0459.431.788 · rovalta.com · 23/09/2026
ACTIVE
ETEX SERVICES
Financial year 2025 · closed on 31/12/2025
Net result
2,2 M €
-40.4% YoY
Revenue
93,1 M €
+11.2% YoY
Equity
30,8 M €
+7.7% YoY
Workforce
209,7 ETP
+3.3% YoY
Overview
What does ETEX SERVICES do?
ETEX SERVICES is a Public limited company incorporated in 1996. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Kapelle-op-den-Bos. It employs on average 209,7 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0459.431.788
Incorporation
12/12/1996
Legal form
Public limited company
Registered office
Kuiermansstraat 1
1880 Kapelle-op-den-Bos · FlandreSee on map
1880 Kapelle-op-den-Bos · FlandreSee on map
Contributed capital
8 000 000,00 €
Latest accounts
31/12/2025
Average workforce
209,7 ETP
Activities (NACE)
Joint committees (3)
- 10603
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Revenue | 93,1 M € | +11.2% | 83,7 M € | +7.7% | 77,7 M € | +2.2% | 76 M € | +36.0% | 55,9 M € | +1.6% | 55 M € | +8.4% | 50,7 M € | +1.2% | 50,1 M € | +813% | 5,5 M € | +9.1% | 5 M € | +12.1% | 4,5 M € | -10.7% | 5 M € | +19.2% | 4,2 M € | +142% | 1,7 M € | – | – | – | – | ||||
| EBITDA | 11,4 M € | +25.8% | 9,1 M € | +53.5% | 5,9 M € | +52.3% | 3,9 M € | -20.4% | 4,9 M € | +80.9% | 2,7 M € | -89.6% | 25,9 M € | +417% | 5 M € | +1796% | -294,8 k € | -346% | 120 k € | +107% | -1,8 M € | -2525% | 75 k € | +130% | -248,9 k € | -19.2% | -208,7 k € | -717% | -25,5 k € | -52.7% | -16,7 k € | -17.2% | -14,3 k € | +73.3% | -53,6 k € |
| Operating result | 3,5 M € | +10.8% | 3,2 M € | +230% | 964,5 k € | +36.5% | 706,7 k € | -29.4% | 1 M € | +337% | -422,3 k € | -102% | 23,1 M € | +980% | 2,1 M € | +789% | -310,1 k € | -389% | 107,4 k € | +106% | -1,8 M € | -2722% | 69,7 k € | +128% | -252 k € | -20.7% | -208,8 k € | -717% | -25,5 k € | -52.7% | -16,7 k € | -17.2% | -14,3 k € | +73.3% | -53,6 k € |
| Net result | 2,2 M € | -40.4% | 3,7 M € | +365% | 799,2 k € | -24.7% | 1,1 M € | -77.8% | 4,8 M € | +623% | -914,8 k € | -105% | 18,8 M € | +815% | 2,1 M € | +763% | -309,1 k € | -372% | 113,5 k € | +106% | -1,8 M € | -2242% | 84,4 k € | +154% | -157,7 k € | -100% | 188,3 M € | +1303% | 13,4 M € | +756% | 1,6 M € | -90.5% | 16,5 M € | +1246% | -1,4 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 30,8 M € | +7.7% | 28,6 M € | +14.9% | 24,9 M € | +3.3% | 24,1 M € | +4.6% | 23 M € | -18.4% | 28,2 M € | -3.1% | 29,2 M € | +180% | 10,4 M € | +54.2% | 6,7 M € | -4.4% | 7,1 M € | +1.6% | 6,9 M € | -20.7% | 8,7 M € | +1.0% | 8,7 M € | -1.8% | 8,8 M € | -93.6% | 138,1 M € | +0.5% | 137,4 M € | -10.2% | 153 M € | +12.1% | 136,5 M € |
| Total assets | 61,2 M € | +5.1% | 58,3 M € | -3.0% | 60,1 M € | -3.9% | 62,5 M € | +14.3% | 54,7 M € | -1.1% | 55,3 M € | -16.2% | 65,9 M € | +66.5% | 39,6 M € | +275% | 10,6 M € | -7.6% | 11,4 M € | -7.8% | 12,4 M € | -37.9% | 20 M € | +74.4% | 11,5 M € | +12.2% | 10,2 M € | -92.8% | 141,5 M € | -0.8% | 142,6 M € | -7.0% | 153,3 M € | -0.6% | 154,2 M € |
| Cash | – | – | – | – | – | – | – | – | – | – | – | – | – | 318,1 k € | +14719% | 2,1 k € | -77.9% | 9,7 k € | +1380% | 655 € | -65.9% | 1,9 k € | |||||||||||||
| Debts | 29,7 M € | +3.1% | 28,8 M € | -14.2% | 33,5 M € | -10.0% | 37,2 M € | +23.8% | 30,1 M € | +15.8% | 26 M € | -27.8% | 35,9 M € | +25.7% | 28,6 M € | +668% | 3,7 M € | -13.0% | 4,3 M € | -20.6% | 5,4 M € | -51.8% | 11,2 M € | +302% | 2,8 M € | +99.9% | 1,4 M € | -59.2% | 3,4 M € | -34.5% | 5,2 M € | +1629% | 301,2 k € | -98.3% | 17,8 M € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 209,7 ETP | +3.3% | 203,0 ETP | +3.8% | 195,6 ETP | +4.2% | 187,7 ETP | +11.9% | 167,7 ETP | +1.6% | 165,0 ETP | -3.8% | 171,6 ETP | +3.7% | 165,4 ETP | +583% | 24,2 ETP | -10.7% | 27,1 ETP | -1.5% | 27,5 ETP | +8.7% | 25,3 ETP | +4.1% | 24,3 ETP | +106% | 11,8 ETP | – | – | – | – | ||||
Estimate
Indicative valuation
As an indication, this company is worth
between 50 M€ and 100 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 71 ended
Active mandates
Didier Staquet
ActiveEric Bertrand
ActiveDirk Altgassen
ActiveMelchior Marie H. de Vogüé
ActiveEnded mandates
Didier Staquet
EndedDidier Staquet
EndedEric Bertrand
EndedEric Bertrand
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0414.167.630 | |
COMPTOIR DU BATIMENT● Active | 0432.263.078 |
ETERNIT● Active | 0466.059.066 |
Eternit Groep● Active | 0899.535.636 |
| 0427.139.993 | |
| 0411.765.691 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 25/05/2026 | 23/06/2025 | 12/06/2024 | 31/05/2023 | 14/06/2022 | 26/05/2021 |
| General meeting | 06/05/2026 | 28/05/2025 | 27/05/2024 | 24/05/2023 | 25/05/2022 | 05/05/2021 |
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 06/05/2026 | 25/05/2026 | Dutch | |
| Full model | 31/12/2024 | 28/05/2025 | 23/06/2025 | Dutch | |
| Full model | 31/12/2023 | 27/05/2024 | 12/06/2024 | Dutch | |
| Full model | 31/12/2022 | 24/05/2023 | 31/05/2023 | Dutch | |
| Full model | 31/12/2021 | 25/05/2022 | 14/06/2022 | Dutch | |
| Full model | 31/12/2020 | 05/05/2021 | 26/05/2021 | Dutch | |
| Full model | 31/12/2019 | 19/06/2020 | 12/08/2020 | Dutch | |
| Full model | 31/12/2018 | 23/05/2019 | 14/06/2019 | Dutch | |
| Full model | 31/12/2017 | 02/05/2018 | 30/05/2018 | Dutch | |
| Full model | 31/12/2016 | 03/05/2017 | 29/05/2017 | Dutch | |
| Full model | 31/12/2015 | 04/05/2016 | 24/05/2016 | Dutch | |
| Full model | 31/12/2014 | 06/05/2015 | 19/05/2015 | Dutch | |
| Full model | 31/12/2013 | 07/05/2014 | 23/05/2014 | Dutch | |
| Full model | 31/12/2012 | 02/05/2013 | 17/05/2013 | Dutch | |
| Full model | 31/12/2011 | 02/05/2012 | 21/05/2012 | Dutch | |
| Full model | 31/12/2010 | 04/05/2011 | 29/06/2011 | Dutch | |
| Full model | 31/12/2009 | 05/05/2010 | 16/06/2010 | French | |
| Full model | 31/12/2008 | 06/05/2009 | 23/06/2009 | French | |
| Full model | 31/12/2007 | 07/05/2008 | 26/06/2008 | French | |
| Full model | 31/12/2006 | 02/05/2007 | 17/07/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 50 M€ and 100 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 71 ended
Active mandates
Didier Staquet
ActiveEric Bertrand
ActiveDirk Altgassen
ActiveMelchior Marie H. de Vogüé
ActiveEnded mandates
Didier Staquet
EndedDidier Staquet
EndedEric Bertrand
EndedEric Bertrand
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other20/08/2026DIVERSEN
- Mandates04/08/2026DEMISSIONS, NOMINATIONS
- Mandates19/06/2026ONTSLAGEN - BENOEMINGEN
- Mandates11/06/2025ONTSLAGEN - BENOEMINGEN
- Mandates02/05/2025ONTSLAGEN - BENOEMINGEN
- Mandates26/03/2025ONTSLAGEN - BENOEMINGEN
- Mandates18/06/2024ONTSLAGEN - BENOEMINGEN
- Mandates10/05/2024ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20252,2 M €↓
- 29/05/2025nominationSofie Van Grieken — commissaris
- 2024Annual accounts 20243,7 M €↑
- 27/05/2024nominationPeter Van den Eynde — commissaris
- 2023Annual accounts 2023799,2 k €↓
- 2022Annual accounts 20221,1 M €↓
- 01/06/2022unknownDirk Altgassen — afgevaardigd-bestuurder
- 01/01/2022reconductionEric Bertrand — afgevaardigd-bestuurder
- 2021Annual accounts 20214,8 M €↑
- 2020Annual accounts 2020-914,8 k €↓
- 2019Annual accounts 201918,8 M €↑
- 2018Annual accounts 20182,1 M €↑
- 2016Annual accounts 2016-309,1 k €↓
- 2015Annual accounts 2015113,5 k €↑
- 2014Annual accounts 2014-1,8 M €↓
- 2013Annual accounts 201384,4 k €↑
- 2012Annual accounts 2012-157,7 k €↓
- 2011Annual accounts 2011188,3 M €↑
- 2010Annual accounts 201013,4 M €↑
- 2009Annual accounts 20091,6 M €↓
- 2008Annual accounts 200816,5 M €↑
- 2007Annual accounts 2007-1,4 M €
- 12/12/1996IncorporationPublic limited company