ACTIVE

ETG

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Financial year 2025 · closed on 31/12/2025
Net result
12,8 k €
-31.3% YoY
Gross margin
41,5 k €
-19.5% YoY
Equity
112,4 k €
+12.8% YoY

What does ETG do?

ETG is a Private limited company incorporated in 2015. Its main activity is: Raising of horses and other equines. Its registered office is in Oostrozebeke.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0644.841.647
Incorporation
23/12/2015
Legal form
Private limited company
Registered office
Grotstraat 74
8780 Oostrozebeke · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
01430Raising of horses and other equines· main01430Raising of horses and other equines82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin41,5 k €51,6 k €61,1 k €53,2 k €29,3 k €64,1 k €68,5 k €65,2 k €69 k €
EBITDA39,2 k €49 k €58,4 k €51,2 k €25,9 k €16,8 k €16,6 k €14,2 k €19,7 k €
Operating result20 k €29,8 k €39,1 k €35 k €22,9 k €6,7 k €5,6 k €3,8 k €9,2 k €
Net result12,8 k €18,6 k €25,7 k €25,2 k €15,9 k €2 k €2 k €567,4 €5,2 k €
Balance sheet
Equity112,4 k €99,6 k €81 k €55,2 k €30 k €14,2 k €12,2 k €10,2 k €9,6 k €
Total assets145 k €154,7 k €149 k €148,4 k €79,8 k €27,4 k €41,4 k €46,4 k €50,4 k €
Cash99 k €92,8 k €86,7 k €68,6 k €28,7 k €19,2 k €15,7 k €15,9 k €15,1 k €
Debts32,6 k €55,1 k €68,1 k €93,1 k €49,7 k €13,2 k €28,8 k €36,1 k €40,7 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

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

Active mandates

Tom Goeman

Director · since 01 avril 2021

Active
Eline Tack

Director · since 28 décembre 2017

Active

Ended mandates

Eline Tack

Manager · since 28 décembre 2017

Ended
Eline Tack

Director · since 15 décembre 2015

Ended
At this address

Other companies at this address

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0549.963.472
IMMO HOUDA● Active
0541.908.217
IMMONINA● Active
0849.800.073
LOTUS● Active
0536.384.462
TACK INTERIORS● Active
0673.975.794
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/08/202622/07/202527/06/202420/07/202309/07/202229/07/2021
General meeting25/06/202625/06/202525/06/202425/06/202325/06/202225/06/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202525/06/202627/08/2026DutchPDF
Micro model31/12/202425/06/202522/07/2025DutchPDF
Micro model31/12/202325/06/202427/06/2024DutchPDF
Micro model31/12/202225/06/202320/07/2023DutchPDF
Micro model31/12/202125/06/202209/07/2022DutchPDF
Micro model31/12/202025/06/202129/07/2021DutchPDF
Micro model31/12/201925/06/202031/08/2020DutchPDF
Micro model31/12/201825/06/201930/08/2019DutchPDF
Micro model31/12/201725/06/201824/09/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 2 ended

Active mandates

Tom Goeman

Director · since 01 avril 2021

Active
Eline Tack

Director · since 28 décembre 2017

Active

Ended mandates

Eline Tack

Manager · since 28 décembre 2017

Ended
Eline Tack

Director · since 15 décembre 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/04/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office01/04/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates19/01/2018
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Other28/12/2015
    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

Timeline

  1. 2025
    Annual accounts 202512,8 k €↓
  2. 2024
    Annual accounts 202418,6 k €↓
  3. 2023
    Annual accounts 202325,7 k €↑
  4. 2022
    Annual accounts 202225,2 k €↑
  5. 2021
    Annual accounts 202115,9 k €↑
  6. 2020
    Annual accounts 20202 k €↑
  7. 2019
    Annual accounts 20192 k €↑
  8. 2018
    Annual accounts 2018567,4 €↓
  9. 2017
    Annual accounts 20175,2 k €
  10. 23/12/2015
    IncorporationPrivate limited company