ACTIVE

ETIMAR

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Financial year 2025 · closed on 31/12/2025

Net result

745,3 k €

+95.0% YoY

Gross margin

-5 k €

+79.8% YoY

Equity

3,9 M €

+23.6% YoY

Workforce

0,0 ETP

What does ETIMAR do?

ETIMAR is a Private limited company incorporated in 2003. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Liedekerke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.728.247

Incorporation

10/03/2003

Legal form

Private limited company

Registered office

Kerselarenlaan 17
1770 Liedekerke · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 74141Specialised design activities 70200Management consultancy activities 70210Public relations and communication activities 70220Business and other management consultancy activities+2

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2010		2009		2008		2007
Income statement
Gross margin	-5 k €	+79.8%	-24,8 k €	-104%	663,9 k €	+1468%	-48,5 k €	-114%	347,8 k €	+86.1%	186,9 k €	-29.1%	263,7 k €	+90.9%	138,2 k €	-0.1%	138,4 k €
EBITDA	-22,1 k €	+55.3%	-49,6 k €	-141%	121,3 k €	+159%	-205,2 k €	-172%	286,6 k €	+54.7%	185,2 k €	-29.4%	262,2 k €	+91.3%	137,1 k €	+0.5%	136,4 k €
Operating result	-44,5 k €	+37.9%	-71,6 k €	-195%	75,3 k €	+110%	-717,7 k €	-642%	132,4 k €	-26.8%	180,8 k €	-29.8%	257,4 k €	+93.5%	133 k €	-1.6%	135,2 k €
Net result	745,3 k €	+95.0%	382,3 k €	-52.4%	803,1 k €	+241%	-567,6 k €	-85.0%	-306,9 k €	-219%	258,9 k €	-37.2%	412,2 k €	+74.3%	236,5 k €	+1.1%	233,8 k €
Balance sheet
Equity	3,9 M €	+23.6%	3,2 M €	-8.7%	3,5 M €	+30.2%	2,7 M €	-17.6%	3,2 M €	+117%	1,5 M €	+21.1%	1,2 M €	+50.5%	815,5 k €	+40.8%	579,1 k €
Total assets	8,7 M €	+6.4%	8,1 M €	+7.3%	7,6 M €	+8.0%	7 M €	-9.2%	7,7 M €	+333%	1,8 M €	+16.2%	1,5 M €	+38.8%	1,1 M €	-1.0%	1,1 M €
Cash	104,5 k €	+256%	29,4 k €	-40.9%	49,7 k €	-74.4%	194,1 k €	+138%	81,5 k €	+112%	38,4 k €	+44.0%	26,6 k €	-27.0%	36,5 k €	-81.0%	192,5 k €
Debts	4,5 M €	-3.7%	4,7 M €	+18.3%	4 M €	-6.6%	4,3 M €	-4.6%	4,5 M €	+1391%	299,1 k €	-3.0%	308,5 k €	+6.5%	289,6 k €	-46.1%	537,3 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Etienne Schouppe

Director · since 06 décembre 2011

Active

Maria Van den Bossche

Director · since 13 mai 2008

Active

Ended mandates

Etienne Schouppe

Manager · since 06 décembre 2011

Ended

Maria Van den Bossche

Manager · since 13 mai 2008

Ended

Etienne Schouppe

Administrator - manager

Ended

Etienne Schouppe

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
MARETI● Active	0450.618.349
SCHOUPPE PIETER JAN● Active	0759.974.511

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/07/2019
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	18 months
Filing date	08/06/2026	08/08/2025	19/08/2024	31/08/2023	29/08/2022	27/08/2021
General meeting	05/06/2026	31/07/2025	09/08/2024	30/08/2023	23/08/2022	28/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	08/06/2026	Dutch	PDF
Abridged model	31/12/2024	31/07/2025	08/08/2025	Dutch	PDF
Abridged model	31/12/2023	09/08/2024	19/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/08/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	23/08/2022	29/08/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	27/08/2021	Dutch	PDF
Abridged model	30/06/2019	07/12/2019	29/01/2020	Dutch	PDF
Micro model	30/06/2018	15/01/2019	07/02/2019	Dutch	PDF
Micro model	30/06/2017	15/01/2018	30/01/2018	Dutch	PDF
Abridged model	30/06/2016	03/01/2017	30/01/2017	Dutch	PDF
Abridged model	30/06/2015	11/01/2016	02/02/2016	Dutch	PDF
Abridged model	30/06/2014	13/01/2015	23/01/2015	Dutch	PDF
Abridged model	30/06/2013	20/01/2014	20/02/2014	Dutch	PDF
Abridged model	30/06/2012	31/12/2012	31/01/2013	Dutch	PDF
Abridged model	30/06/2011	30/12/2011	20/01/2012	Dutch	PDF
Abridged modelCorrection	30/06/2010	04/01/2011	18/02/2011	Dutch	PDF
Abridged model	30/06/2010	04/01/2011	31/01/2011	Dutch	PDF
Abridged model	30/06/2009	13/01/2010	12/02/2010	Dutch	PDF
Abridged model	30/06/2008	30/12/2008	29/01/2009	Dutch	PDF
Abridged model	30/06/2007	01/12/2007	11/12/2007	Dutch	PDF
Abridged model	30/06/2006	22/12/2006	18/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 2 active · 4 ended

Active mandates

Etienne Schouppe

Director · since 06 décembre 2011

Active

Maria Van den Bossche

Director · since 13 mai 2008

Active

Ended mandates

Etienne Schouppe

Manager · since 06 décembre 2011

Ended

Maria Van den Bossche

Manager · since 13 mai 2008

Ended

Etienne Schouppe

Administrator - manager

Ended

Etienne Schouppe

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other16/06/2020
BENAMING - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates12/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2008
ONTSLAGEN - BENOEMINGEN
PDF
Other18/03/2003
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025745,3 k €↑
2024
Annual accounts 2024382,3 k €↓
2023
Annual accounts 2023803,1 k €↑
2022
Annual accounts 2022-567,6 k €↓
2021
Annual accounts 2021-306,9 k €↓
2010
Annual accounts 2010258,9 k €↓
2009
Annual accounts 2009412,2 k €↑
2008
Annual accounts 2008236,5 k €↑
2007
Annual accounts 2007233,8 k €
10/03/2003
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

ETIMAR

Overview

What does ETIMAR do?

Trend over 9 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