ACTIVE

ETH CONCEPT

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Financial year 2025 · closed on 31/12/2025
Net result
-126,8 k €
-278.2% YoY
Gross margin
-24,1 k €
-115.3% YoY
Equity
-16,2 k €
-114.6% YoY

What does ETH CONCEPT do?

ETH CONCEPT is a Private limited company incorporated in 2022. Its main activity is: Specialised construction activities. Its registered office is in Grez-Doiceau.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0785.566.673
Incorporation
29/04/2022
Legal form
Private limited company
Registered office
Chaussée de Wavre 431
1390 Grez-Doiceau · WallonieSee on map
Contributed capital
3 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
43410Specialised construction activities· main43910Roofing activities43310Plastering43310Plastering43331Floor and wall covering43331Floor and wall covering+2
Joint committees (1)
  • 12400
Signals
Healthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin-24,1 k €157,6 k €58,1 k €71,7 k €
EBITDA-101,4 k €111,4 k €12,6 k €48,3 k €
Operating result-125,8 k €90,8 k €121,5 €45 k €
Net result-126,8 k €71,2 k €-699 €36,7 k €
Balance sheet
Equity-16,2 k €110,7 k €39,5 k €40,2 k €
Total assets198,7 k €190 k €67,6 k €112,4 k €
Cash4,6 k €33,3 €6,9 k €15,3 k €
Debts213,5 k €79,3 k €28,1 k €72,1 k €
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

Ramzi HASNAOUI

Director · since 27 avril 2022

Active
Annual accounts

Full financial information

2025202420232022
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202329/04/2022
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months9 months
Filing date28/08/202619/11/202531/10/202412/12/2023
General meeting28/08/202620/06/202521/06/202416/06/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202528/08/202628/08/2026FrenchPDF
Micro model31/12/202420/06/202519/11/2025FrenchPDF
Micro model31/12/202321/06/202431/10/2024FrenchPDF
Micro model31/12/202216/06/202312/12/2023FrenchPDF
Estimate

Indicative valuation

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 · 1 active

Active mandates

Ramzi HASNAOUI

Director · since 27 avril 2022

Active
Shareholders

Ownership and network

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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 2025-126,8 k €↓
  2. 2024
    Annual accounts 202471,2 k €↑
  3. 2023
    Annual accounts 2023-699 €↓
  4. 2022
    Annual accounts 202236,7 k €
  5. 29/04/2022
    IncorporationPrivate limited company