ACTIVE

ETEX BUILDING PERFORMANCE

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Financial year 2025 · closed on 31/12/2025

Net result

13,6 M €

-84.5% YoY

Revenue

145,4 M €

+3.6% YoY

Equity

136,6 M €

+11.1% YoY

Workforce

256,0 ETP

-6.2% YoY

What does ETEX BUILDING PERFORMANCE do?

ETEX BUILDING PERFORMANCE is a Public limited company incorporated in 1999. Its registered office is in Willebroek. It employs on average 256,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.061.145

Incorporation

14/05/1999

Legal form

Public limited company

Registered office

Bormstraat 24
2830 Willebroek · FlandreSee on map

Contributed capital

9 927 000,00 €

Latest accounts

31/12/2025

Average workforce

256,0 ETP

Joint committees (3)

10603
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	145,4 M €	+3.6%	140,4 M €	-1.9%	143,1 M €	+6.6%	134,2 M €	+20.8%	111,2 M €	+5.4%	105,5 M €	-9.5%	116,5 M €	+7.2%	108,7 M €	+11.0%	97,9 M €	+3.3%	94,8 M €	+3.6%	91,4 M €	-3.5%	94,8 M €	+3.1%	91,9 M €	-11.1%	103,4 M €	+14.5%	90,3 M €	+1.8%	88,7 M €	-5.5%	93,8 M €
EBITDA	17,4 M €	+24.5%	14 M €	-28.0%	19,4 M €	+38.4%	14 M €	-12.3%	16 M €	+4.0%	15,4 M €	+18.3%	13 M €	+7.7%	12,1 M €	-34.4%	18,4 M €	+8.5%	17 M €	-12.2%	19,3 M €	+0.7%	19,2 M €	+16.1%	16,5 M €	-3.4%	17,1 M €	+14.0%	15 M €	-2.2%	15,3 M €	-16.1%	18,3 M €
Operating result	14,1 M €	+22.0%	11,6 M €	-32.9%	17,2 M €	+48.7%	11,6 M €	-13.6%	13,4 M €	+6.5%	12,6 M €	+87.6%	6,7 M €	+0.2%	6,7 M €	-17.8%	8,2 M €	-24.3%	10,8 M €	-4.9%	11,3 M €	-11.9%	12,9 M €	+18.1%	10,9 M €	-12.0%	12,4 M €	+2.2%	12,1 M €	-4.8%	12,7 M €	-16.7%	15,3 M €
Net result	13,6 M €	-84.5%	87,8 M €	+346%	19,7 M €	+1749%	1,1 M €	-92.5%	14,3 M €	-28.0%	19,8 M €	+70.3%	11,6 M €	-80.6%	60 M €	+1990%	-3,2 M €	+85.8%	-22,3 M €	-180%	28 M €	+122%	12,6 M €	-64.3%	35,4 M €	+185%	12,4 M €	-85.3%	84,5 M €	+483%	14,5 M €	-43.7%	25,7 M €
Balance sheet
Equity	136,6 M €	+11.1%	123 M €	+13.6%	108,2 M €	0.0%	108,2 M €	+1.0%	107,2 M €	-45.9%	197,9 M €	+11.1%	178,1 M €	+7.0%	166,5 M €	+57.5%	105,7 M €	-2.9%	108,9 M €	-43.1%	191,2 M €	+17.2%	163,2 M €	+8.4%	150,5 M €	-3.0%	155,2 M €	+1.6%	152,8 M €	+124%	68,3 M €	+2.3%	66,8 M €
Total assets	296,3 M €	+1.2%	292,8 M €	+5.2%	278,3 M €	+6.4%	261,7 M €	+0.3%	260,9 M €	-29.1%	367,9 M €	+1.2%	363,5 M €	-3.9%	378,3 M €	+4.1%	363,3 M €	-5.8%	385,7 M €	-17.3%	466,4 M €	+21.3%	384,6 M €	+6.2%	362,3 M €	-14.9%	425,7 M €	+9.5%	388,8 M €	+115%	181,1 M €	+1.6%	178,2 M €
Cash	–		–		–		–		–		–		–		13,7 k €	+15.7%	11,8 k €	+6475%	179,5 €	-99.0%	18 k €		–		29,3 k €		–		1,4 M €	-40.2%	2,3 M €	+43989%	5,3 k €
Debts	157,4 M €	-6.2%	167,9 M €	-0.1%	168 M €	+11.1%	151,2 M €	-0.3%	151,7 M €	-9.9%	168,5 M €	-8.0%	183,2 M €	-12.6%	209,7 M €	-18.0%	255,8 M €	-7.0%	275 M €	+0.6%	273,3 M €	+24.7%	219,2 M €	+4.7%	209,5 M €	-22.1%	269 M €	+14.8%	234,3 M €	+110%	111,8 M €	+1.2%	110,5 M €
Other
Workforce	256,0 ETP	-6.2%	272,8 ETP	+2.7%	265,5 ETP	-1.6%	269,8 ETP	+0.5%	268,5 ETP	-0.3%	269,3 ETP	+2.4%	263,0 ETP	-5.1%	277,0 ETP	+26.4%	219,2 ETP	+6.0%	206,8 ETP	+0.0%	206,7 ETP	+2.0%	202,7 ETP	-4.4%	212,0 ETP	-2.6%	217,7 ETP	+8.8%	200,1 ETP	+4.7%	191,1 ETP	-7.6%	206,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 52 ended

Active mandates

Timmy Melotte

Managing director · since 15 juillet 2025 · until 07 mai 2031

Active

Damien Lombart

Managing director · since 01 août 2024 · until 15 juillet 2025

Active

Vanderborght Tanguy

Director · since 11 décembre 2023 · until 02 mai 2029

Active

Ended mandates

Damien Lombart

Managing director · since 01 août 2024 · until 01 mai 2030

Ended

Erik Spillemaeckers

Managing director · since 11 décembre 2023 · until 01 août 2024

Ended

Erik Spillemaeckers

Managing director · since 11 décembre 2023 · until 02 mai 2029

Ended

Vanderborght Tanguy

Director · since 05 mai 2021 · until 05 mai 2027

Ended

At this address

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PROMAT RESEARCH AND TECHNOLOGY CENTRE● Active	0441.829.654

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	20/05/2026	25/06/2025	18/06/2024	19/10/2023	13/06/2022	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

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	06/05/2026	20/05/2026	Dutch	PDF
Full model	31/12/2024	28/05/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	27/05/2024	18/06/2024	Dutch	PDF
Full modelCorrection	31/12/2022	24/05/2023	19/10/2023	Dutch	PDF
Full model	31/12/2022	24/05/2023	15/06/2023	Dutch	PDF
Full model	31/12/2021	25/05/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	05/05/2021	26/05/2021	Dutch	PDF
Full model	31/12/2019	06/05/2020	11/08/2020	Dutch	PDF
Full model	31/12/2018	23/05/2019	20/06/2019	Dutch	PDF
Full model	31/12/2017	02/05/2018	30/05/2018	Dutch	PDF
Full model	31/12/2016	03/05/2017	12/05/2017	Dutch	PDF
Full model	31/12/2015	04/05/2016	23/05/2016	Dutch	PDF
Full model	31/12/2014	06/05/2015	22/05/2015	Dutch	PDF
Full model	31/12/2013	07/05/2014	23/05/2014	Dutch	PDF
Full model	31/12/2012	02/05/2013	22/05/2013	Dutch	PDF
Full model	31/12/2011	02/05/2012	25/05/2012	Dutch	PDF
Full model	31/12/2010	04/05/2011	26/05/2011	Dutch	PDF
Full model	31/12/2009	05/05/2010	18/05/2010	Dutch	PDF
Full model	31/12/2008	06/05/2009	18/05/2009	Dutch	PDF
Full model	31/12/2007	07/05/2008	22/05/2008	Dutch	PDF
Full model	31/12/2006	02/05/2007	04/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 52 ended

Active mandates

Timmy Melotte

Managing director · since 15 juillet 2025 · until 07 mai 2031

Active

Damien Lombart

Managing director · since 01 août 2024 · until 15 juillet 2025

Active

Vanderborght Tanguy

Director · since 11 décembre 2023 · until 02 mai 2029

Active

Ended mandates

Damien Lombart

Managing director · since 01 août 2024 · until 01 mai 2030

Ended

Erik Spillemaeckers

Managing director · since 11 décembre 2023 · until 01 août 2024

Ended

Erik Spillemaeckers

Managing director · since 11 décembre 2023 · until 02 mai 2029

Ended

Vanderborght Tanguy

Director · since 05 mai 2021 · until 05 mai 2027

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other07/10/2024
DIVERSEN
PDF
Mandates14/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2022
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 202513,6 M €↓
18/07/2025
nominationTimmy Melotte — bestuurder
15/07/2025
demissionDamien Lombart — bestuurder en afgevaardigd-bestuurder
15/07/2025
nominationTimmy Melotte — afgevaardigd-bestuurder
29/05/2025
nominationSofie Van Grieken — commissaris
2024
Annual accounts 202487,8 M €↑
01/08/2024
nominationDamien Lombart — bestuurder
01/08/2024
demissionErik Spillemaeckers — bestuurder en afgevaardigd-bestuurder
27/05/2024
nominationPeter Van den Eynde — commissaris
2023
Annual accounts 202319,7 M €↑
2022
Annual accounts 20221,1 M €↓
2021
Annual accounts 202114,3 M €↓
2020
Annual accounts 202019,8 M €↑
2019
Annual accounts 201911,6 M €↓
2018
Annual accounts 201860 M €↑
2016
Annual accounts 2016-3,2 M €↑
2015
Annual accounts 2015-22,3 M €↓
2014
Annual accounts 201428 M €↑
2013
Annual accounts 201312,6 M €↓
2012
Annual accounts 201235,4 M €↑
2011
Annual accounts 201112,4 M €↓
2010
Annual accounts 201084,5 M €↑
2009
Annual accounts 200914,5 M €↓
2008
Annual accounts 200825,7 M €
14/05/1999
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

ETEX BUILDING PERFORMANCE

Overview

What does ETEX BUILDING PERFORMANCE do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

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