ACTIVE

ETECS

Export PDF

Financial year 2024 · closed on 31/12/2024

Net result

4,3 k €

-92.5% YoY

Gross margin

60,5 k €

-63.8% YoY

Equity

204,6 k €

+2.2% YoY

What does ETECS do?

ETECS is a Private limited company incorporated in 2010. Its main activity is: Electrical installation. Its registered office is in Maldegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0824.404.681

Incorporation

29/03/2010

Legal form

Private limited company

Registered office

Stationsstraat 55
9990 Maldegem · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2024

Activities (NACE)

43211Electrical installation· main 43211Electrical installation

Joint committees (2)

14901
200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	60,5 k €	-63.8%	167,1 k €	-42.4%	290,2 k €	+933%	28,1 k €	+142%	11,6 k €	-79.1%	55,5 k €	+309%	-26,5 k €	-189%	29,6 k €	+35.3%	21,9 k €	+182%	7,8 k €	-61.4%	20,1 k €	-31.5%	29,4 k €	+23.8%	23,7 k €	+35.4%	17,5 k €
EBITDA	36,3 k €	-66.6%	108,7 k €	-58.8%	263,8 k €	+918%	25,9 k €	+158%	10 k €	-81.2%	53,5 k €	+252%	-35,3 k €	-228%	27,5 k €	+51.0%	18,2 k €	+185%	6,4 k €	-67.1%	19,4 k €	-32.4%	28,8 k €	+24.8%	23,1 k €	+37.1%	16,8 k €
Operating result	10,9 k €	-87.3%	85,9 k €	-66.5%	256,4 k €	+3660%	6,8 k €	+183%	-8,2 k €	-123%	35,3 k €	+150%	-70,9 k €	-571%	15,1 k €	+34.6%	11,2 k €	+2209%	-530,2 €	-103%	19 k €	-22.7%	24,6 k €	+29.4%	19 k €	+47.6%	12,9 k €
Net result	4,3 k €	-92.5%	57,5 k €	-72.0%	205,2 k €	+7287%	2,8 k €	+122%	-12,9 k €	-143%	30,1 k €	+134%	-89,6 k €	-1214%	8 k €	-61.0%	20,6 k €	+540%	3,2 k €	-80.0%	16,1 k €	-16.3%	19,2 k €	+34.3%	14,3 k €	+48.3%	9,7 k €
Balance sheet
Equity	204,6 k €	+2.2%	200,3 k €	+16.1%	172,4 k €	+753%	-26,4 k €	+9.5%	-29,2 k €	-79.4%	-16,3 k €	+64.9%	-46,3 k €	-207%	43,3 k €	-14.0%	50,3 k €	+5.9%	47,5 k €	-33.8%	71,8 k €	+29.0%	55,7 k €	+52.9%	36,4 k €	+65.0%	22,1 k €
Total assets	506,4 k €	+42.8%	354,6 k €	-9.2%	390,4 k €	+96.6%	198,6 k €	-7.9%	215,7 k €	-17.7%	262,1 k €	+6.1%	247 k €	+153%	97,7 k €	-6.3%	104,4 k €	+8.5%	96,2 k €	+4.4%	92,1 k €	+6.3%	86,7 k €	-1.1%	87,6 k €	+53.2%	57,2 k €
Cash	–		99,3 k €	-14.8%	116,5 k €	+6935%	1,7 k €	-81.7%	9 k €	+92.0%	4,7 k €	-48.3%	9,1 k €	+101%	4,5 k €	-65.6%	13,2 k €	-48.9%	25,8 k €	+180%	9,2 k €	-48.6%	17,9 k €	+28.1%	14 k €	+208%	4,5 k €
Debts	301,8 k €	+95.5%	154,4 k €	-28.0%	214,3 k €	-4.7%	224,9 k €	-8.0%	244,4 k €	-12.0%	277,7 k €	-5.3%	293,3 k €	+439%	54,4 k €	+0.7%	54 k €	+11.0%	48,7 k €	+139%	20,3 k €	-34.4%	31 k €	-39.5%	51,2 k €	+45.8%	35,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 3 ended

Active mandates

Ellen Vanryckeghem

Director · since 01 janvier 2020

Active

Frederiek Mortier

Director · since 29 mars 2010

Active

Ended mandates

Frederiek Mortier

Director

Ended

Frederiek Mortier

Manager

Ended

Frederik Mortier

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Inmova● Active	0802.427.253

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/07/2025	27/08/2024	03/05/2023	31/08/2022	23/08/2021	24/07/2020
General meeting	28/06/2025	29/06/2024	17/04/2023	25/06/2022	26/06/2021	27/06/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	28/06/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	27/08/2024	Dutch	PDF
Micro model	31/12/2022	17/04/2023	03/05/2023	Dutch	PDF
Micro model	31/12/2021	25/06/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	26/06/2021	23/08/2021	Dutch	PDF
Micro model	31/12/2019	27/06/2020	24/07/2020	Dutch	PDF
Micro model	31/12/2018	29/06/2019	26/08/2019	Dutch	PDF
Micro model	31/03/2017	29/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	24/09/2016	28/11/2016	Dutch	PDF
Abridged model	31/03/2015	25/09/2015	30/10/2015	Dutch	PDF
Abridged model	31/03/2014	26/09/2014	23/10/2014	Dutch	PDF
Abridged model	31/03/2013	27/09/2013	25/10/2013	Dutch	PDF
Abridged model	31/03/2012	28/09/2012	19/11/2012	Dutch	PDF
Abridged model	31/03/2011	30/09/2011	15/12/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2024 · 2 active · 3 ended

Active mandates

Ellen Vanryckeghem

Director · since 01 janvier 2020

Active

Frederiek Mortier

Director · since 29 mars 2010

Active

Ended mandates

Frederiek Mortier

Director

Ended

Frederiek Mortier

Manager

Ended

Frederik Mortier

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other29/12/2025
BOEKJAAR, ALGEMENE VERGADERING, STATUTEN
PDF
Other03/12/2024
BENAMING
PDF
Mandates12/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/11/2019
MAATSCHAPPELIJKE ZETEL
PDF
Other23/04/2018
ALGEMENE VERGADERING - BOEKJAAR
PDF
Other09/04/2010
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

2024
Annual accounts 20244,3 k €↓
2024
Name changeEtecs
2023
Annual accounts 202357,5 k €↓
2022
Annual accounts 2022205,2 k €↑
2021
Annual accounts 20212,8 k €↑
2021
Name changeElectro Frederiek
2020
Annual accounts 2020-12,9 k €↓
2019
Annual accounts 201930,1 k €↑
2018
Annual accounts 2018-89,6 k €↓
2017
Annual accounts 20178 k €↓
2016
Annual accounts 201620,6 k €↑
2015
Annual accounts 20153,2 k €↓
2014
Annual accounts 201416,1 k €↓
2013
Annual accounts 201319,2 k €↑
2012
Annual accounts 201214,3 k €↑
2011
Annual accounts 20119,7 k €
29/03/2010
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

ETECS

Overview

What does ETECS do?

Trend over 14 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