ACTIVE

ETSB

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Financial year 2024 · closed on 31/12/2024
Net result
155,2 k €
+72.6% YoY
Gross margin
449,2 k €
+25.9% YoY
Equity
209,7 k €
-17.6% YoY

What does ETSB do?

ETSB is a Private limited company incorporated in 2020. Its registered office is in Uccle.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0748.883.352
Incorporation
23/06/2020
Legal form
Private limited company
Registered office
Rue Vanderkindere 18
1180 Uccle · BruxellesSee on map
Contributed capital
6 000,00 €
Latest accounts
31/12/2024
Contacts
2 public details availableLog in to view
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2024202320222021
Income statement
Gross margin449,2 k €356,7 k €–75 k €
EBITDA446,6 k €355,5 k €–74,3 k €
Operating result193,6 k €113,1 k €–27,4 k €
Net result155,2 k €89,9 k €–22,5 k €
Balance sheet
Equity209,7 k €254,5 k €28,5 k €28,5 k €
Total assets1 M €632,8 k €317,1 k €317,1 k €
Cash154,1 k €231,2 k €106,5 k €106,5 k €
Debts804,2 k €378,3 k €144,3 k €144,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active

Active mandates

ADRIAN MARINESCU

Director

Active
ADRIAN RATIU

Director

Active
CHRISTIAN VAN PESTEL

Director

Active
Annual accounts

Full financial information

2024202320222021
Type of accountMicro modelMicro modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202223/06/2020
Closing of the financial year31/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months19 months
Filing date31/12/202529/11/202428/08/202329/08/2022
General meeting15/05/202516/05/202419/05/202319/05/2022
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro modelCorrection31/12/202415/05/202531/12/2025FrenchPDF
Micro model31/12/202415/05/202531/08/2025FrenchPDF
Micro modelCorrection31/12/202316/05/202429/11/2024FrenchPDF
Micro model31/12/202316/05/202430/08/2024FrenchPDF
Abridged model31/12/202219/05/202328/08/2023FrenchPDF
Abridged model31/12/202119/05/202229/08/2022FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 3 active

Active mandates

ADRIAN MARINESCU

Director

Active
ADRIAN RATIU

Director

Active
CHRISTIAN VAN PESTEL

Director

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office13/08/2026
    Déménagement du siège social
    PDF
  • Other25/06/2020
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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. 2024
    Annual accounts 2024155,2 k €↑
  2. 2023
    Annual accounts 202389,9 k €↑
  3. 2022
    Annual accounts 2022
  4. 2021
    Annual accounts 202122,5 k €
  5. 23/06/2020
    IncorporationPrivate limited company