ACTIVE

ETIWARAGRI

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Financial year 2025 · closed on 31/12/2025

Net result

203,9 k €

+102.8% YoY

Gross margin

71,1 k €

-20.7% YoY

Equity

607,6 k €

+23.8% YoY

What does ETIWARAGRI do?

ETIWARAGRI is a Private limited company incorporated in 2009. Its registered office is in Ramillies.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0816.751.480

Incorporation

23/06/2009

Legal form

Private limited company

Registered office

Rue du Piroy 37
1367 Ramillies · WallonieSee on map

Contributed capital

3 918,59 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	71,1 k €	-20.7%	89,6 k €	+14.9%	78 k €	-9.0%	85,7 k €	+25.0%	68,6 k €	+38.5%	49,5 k €	+5.3%	47 k €	+37.2%	34,3 k €	-42.8%	60 k €	+7.7%	55,7 k €	+8.8%	51,2 k €	+2.4%	50 k €	+22.6%	40,8 k €	-6.2%	43,5 k €	-19.7%	54,2 k €	+14.6%	47,3 k €
EBITDA	69,5 k €	-21.6%	88,7 k €	+15.2%	77 k €	-9.4%	84,9 k €	+25.3%	67,8 k €	+42.5%	47,6 k €	+2.4%	46,5 k €	+37.8%	33,7 k €	-43.3%	59,4 k €	+7.8%	55,1 k €	+8.9%	50,6 k €	+2.4%	49,4 k €	+23.3%	40,1 k €	-7.1%	43,2 k €	-20.4%	54,2 k €	+14.6%	47,3 k €
Operating result	69,2 k €	-21.7%	88,3 k €	+28.4%	68,8 k €	-10.7%	77 k €	+30.2%	59,2 k €	+51.7%	39 k €	+3.2%	37,8 k €	+12.1%	33,7 k €	-39.0%	55,2 k €	+8.9%	50,7 k €	+9.7%	46,2 k €	+2.5%	45,1 k €	+25.2%	36 k €	-16.6%	43,2 k €	-20.4%	54,2 k €	+14.6%	47,3 k €
Net result	203,9 k €	+103%	100,6 k €	-14.9%	118,1 k €	+22.6%	96,3 k €	+4.9%	91,9 k €	+75.3%	52,4 k €	+51.2%	34,6 k €	+79.6%	19,3 k €	-40.8%	32,6 k €	+19.6%	27,3 k €	+33.0%	20,5 k €	-15.9%	24,4 k €	+15.1%	21,2 k €	-18.5%	26 k €	-26.4%	35,3 k €	+16.0%	30,5 k €
Balance sheet
Equity	607,6 k €	+23.8%	490,8 k €	+0.2%	489,8 k €	-5.2%	516,9 k €	+22.9%	420,6 k €	+24.5%	337,7 k €	+18.4%	285,3 k €	+13.8%	250,7 k €	+8.3%	231,4 k €	+16.4%	198,8 k €	+15.9%	171,5 k €	+13.6%	151 k €	+116%	69,9 k €	-37.4%	111,8 k €	+30.3%	85,8 k €	+70.0%	50,5 k €
Total assets	1,3 M €	+28.9%	1 M €	+13.1%	892,1 k €	+15.9%	769,8 k €	+14.8%	670,3 k €	+17.6%	570 k €	+11.3%	512,2 k €	-1.1%	517,6 k €	+1.6%	509,6 k €	+68.0%	303,4 k €	+11.4%	272,4 k €	-0.8%	274,5 k €	+6.1%	258,7 k €	-1.3%	262,2 k €	-4.6%	274,8 k €	+10.2%	249,4 k €
Cash	811 k €	+40.1%	579 k €	+25.4%	461,8 k €	+25.9%	366,8 k €	+41.0%	260,1 k €	+72.1%	151,2 k €	+76.7%	85,6 k €	-30.5%	123,2 k €	+156%	48,1 k €	-29.5%	68,2 k €	+108%	32,9 k €	+8.7%	30,2 k €	+179%	10,8 k €	-65.3%	31,2 k €	-28.8%	43,8 k €	+138%	18,4 k €
Debts	692,6 k €	+33.7%	518,2 k €	+28.8%	402,3 k €	+59.0%	253 k €	+1.3%	249,7 k €	+7.5%	232,3 k €	+2.4%	226,8 k €	-15.0%	266,9 k €	-4.1%	278,2 k €	+166%	104,6 k €	+3.7%	100,9 k €	-18.3%	123,5 k €	-34.6%	188,7 k €	+25.5%	150,4 k €	-20.4%	189 k €	-5.0%	198,9 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 31/12/2025 · 1 active · 3 ended

Active mandates

Etienne Warnier

Director · since 22 mai 2023

Active

Ended mandates

Etienne Warnier

Director · since 23 juin 2009

Ended

Etienne Warnier

Manager · since 23 juin 2009

Ended

ETIENNE WARNIER

Administrator - manager · since 23 juin 2009

Ended

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	01/01/2020
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	12/05/2026	28/05/2025	29/05/2024	15/05/2023	27/06/2022	21/06/2021
General meeting	31/01/2026	28/02/2025	09/05/2024	11/05/2023	12/05/2022	13/05/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/01/2026	12/05/2026	French	PDF
Abridged model	31/12/2024	28/02/2025	28/05/2025	French	PDF
Abridged model	31/12/2023	09/05/2024	29/05/2024	French	PDF
Abridged model	31/12/2022	11/05/2023	15/05/2023	French	PDF
Abridged model	31/12/2021	12/05/2022	27/06/2022	French	PDF
Abridged model	31/12/2020	13/05/2021	21/06/2021	French	PDF
Abridged model	31/12/2019	14/05/2020	22/05/2020	French	PDF
Abridged model	31/12/2018	09/05/2019	14/06/2019	French	PDF
Abridged model	31/12/2017	10/05/2018	19/06/2018	French	PDF
Abridged model	31/12/2016	11/05/2017	15/06/2017	French	PDF
Abridged model	31/12/2015	12/05/2016	24/05/2016	French	PDF
Abridged model	31/12/2014	14/05/2015	29/06/2015	French	PDF
Abridged model	31/12/2013	08/05/2014	10/06/2014	French	PDF
Abridged model	31/12/2012	10/05/2013	16/05/2013	French	PDF
Abridged model	31/12/2011	10/05/2012	04/06/2012	French	PDF
Abridged model	31/12/2010	12/05/2011	08/06/2011	French	PDF

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 31/12/2025 · 1 active · 3 ended

Active mandates

Etienne Warnier

Director · since 22 mai 2023

Active

Ended mandates

Etienne Warnier

Director · since 23 juin 2009

Ended

Etienne Warnier

Manager · since 23 juin 2009

Ended

ETIENNE WARNIER

Administrator - manager · since 23 juin 2009

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/05/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates30/01/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Other15/07/2009
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

2025
Annual accounts 2025203,9 k €↑
2024
Annual accounts 2024100,6 k €↓
2023
Annual accounts 2023118,1 k €↑
2022
Annual accounts 202296,3 k €↑
2021
Annual accounts 202191,9 k €↑
2020
Annual accounts 202052,4 k €↑
2019
Annual accounts 201934,6 k €↑
2018
Annual accounts 201819,3 k €↓
2017
Annual accounts 201732,6 k €↑
2016
Annual accounts 201627,3 k €↑
2015
Annual accounts 201520,5 k €↓
2014
Annual accounts 201424,4 k €↑
2013
Annual accounts 201321,2 k €↓
2012
Annual accounts 201226 k €↓
2011
Annual accounts 201135,3 k €↑
2010
Annual accounts 201030,5 k €
23/06/2009
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

ETIWARAGRI

Overview

What does ETIWARAGRI do?

Trend over 16 financial years

Indicative valuation

Board of directors

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