ACTIVE

ETIMA

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Financial year 2025 · closed on 31/12/2025

Net result

-2,4 k €

+75.6% YoY

Gross margin

27,6 k €

-14.5% YoY

Equity

235,7 k €

-1.0% YoY

What does ETIMA do?

ETIMA is a Private limited company incorporated in 2003. Its registered office is in Namur.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.735.150

Incorporation

23/07/2003

Legal form

Private limited company

Registered office

Rue Pierre Depoortere(CH) 60
5020 Namur · WallonieSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

Solid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	27,6 k €	-14.5%	32,2 k €	-5.2%	34 k €	+3.3%	32,9 k €	+12.6%	29,2 k €	-33.4%	43,9 k €	+10.6%	39,7 k €	-44.5%	71,5 k €	+98.3%	36 k €	+81.6%	19,8 k €	-73.1%	73,9 k €	-8.5%	80,7 k €	+118%	37,1 k €	+1.5%	36,5 k €	-32.1%	53,8 k €	+204%	17,7 k €	-19.8%	22,1 k €	+260%	6,1 k €	+428%	-1,9 k €
EBITDA	22,1 k €	-15.7%	26,2 k €	+72.7%	15,2 k €	+107%	7,3 k €	+20.0%	6,1 k €	-83.3%	36,6 k €	-2.8%	37,7 k €	-45.9%	69,5 k €	+112%	32,9 k €	+595%	4,7 k €	-91.8%	57,5 k €	-15.0%	67,6 k €	+154%	26,6 k €	-25.2%	35,5 k €	-32.7%	52,8 k €	+223%	16,3 k €	-22.8%	21,2 k €	+317%	5,1 k €	+127%	-18,9 k €
Operating result	2,9 k €	+165%	-4,4 k €	+23.2%	-5,7 k €	+27.3%	-7,8 k €	+13.5%	-9,1 k €	-142%	21,6 k €	+0.5%	21,5 k €	-57.9%	51 k €	+317%	12,2 k €	+171%	-17,1 k €	-300%	8,6 k €	-83.4%	51,6 k €	+299%	12,9 k €	-13.1%	14,9 k €	-40.0%	24,8 k €	+145%	10,1 k €	+1.9%	9,9 k €	+225%	-7,9 k €	+79.9%	-39,4 k €
Net result	-2,4 k €	+75.6%	-9,9 k €	+15.2%	-11,6 k €	+10.4%	-13 k €	+16.9%	-15,6 k €	-224%	12,6 k €	+7.6%	11,7 k €	-70.3%	39,4 k €	+1880%	2 k €	+107%	-26,7 k €	-917%	3,3 k €	-92.5%	43,7 k €	+2322%	1,8 k €	-71.1%	6,2 k €	-69.2%	20,2 k €	+519%	3,3 k €	+21.0%	2,7 k €	+117%	-15,6 k €	-189%	17,4 k €
Balance sheet
Equity	235,7 k €	-1.0%	238,1 k €	+3332%	6,9 k €	-62.7%	18,6 k €	-41.1%	31,6 k €	-33.1%	47,2 k €	+36.3%	34,6 k €	+13.8%	30,4 k €	+2794%	1,1 k €	+212%	-937,4 €	-104%	25,7 k €	+14.5%	22,5 k €	+156%	8,8 k €	-75.6%	36 k €	+21.0%	29,7 k €	+212%	9,5 k €	-55.2%	21,3 k €	+14.6%	18,6 k €	-45.7%	34,1 k €
Total assets	426,7 k €	-2.9%	439,4 k €	-4.3%	459,1 k €	-2.0%	468,6 k €	-7.3%	505,8 k €	+1.2%	499,9 k €	-2.5%	512,5 k €	-5.4%	541,8 k €	-0.6%	545,1 k €	+8.2%	503,6 k €	+70.0%	296,3 k €	+103%	145,9 k €	+21.0%	120,6 k €	-18.4%	147,8 k €	-10.3%	164,8 k €	+12.7%	146,3 k €	-3.9%	152,3 k €	-7.2%	164,1 k €	-17.1%	197,9 k €
Cash	637,2 €	-59.1%	1,6 k €	-82.9%	9,1 k €	+64.0%	5,6 k €	-19.5%	6,9 k €	-55.0%	15,4 k €	+169%	5,7 k €	-75.8%	23,7 k €	+178%	8,5 k €	-49.7%	16,9 k €	-33.6%	25,5 k €	-68.5%	80,9 k €	+152%	32,2 k €	-61.2%	83 k €	-9.2%	91,4 k €	+96.4%	46,5 k €	+2005%	2,2 k €	+23.2%	1,8 k €	-45.7%	3,3 k €
Debts	190,7 k €	-4.9%	200,5 k €	-55.6%	451,7 k €	+0.5%	449,5 k €	-5.1%	473,6 k €	+4.8%	452 k €	-5.3%	477,1 k €	-6.6%	510,7 k €	-6.0%	543,2 k €	+8.0%	503 k €	+87.1%	268,9 k €	+125%	119,4 k €	+7.1%	111,5 k €	-0.0%	111,6 k €	-17.4%	135,1 k €	-1.0%	136,5 k €	+12.8%	121 k €	-16.8%	145,5 k €	-11.1%	163,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,4 ETP	0.0%	0,4 ETP	+100%	0,2 ETP		–		–		–		–		–		0,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Martine DUSSART

Director · since 01 janvier 2011

Active

Etienne POLET

Director · since 17 juillet 2003

Active

Ended mandates

Martine DUSSART

Manager · since 01 janvier 2011

Ended

Etienne POLET

Manager · since 17 juillet 2003

Ended

Martine DUSSART

Manager · since 17 juillet 2003

Ended

Etienne POLET

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
EQUANIME● Active	0713.554.863

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	30/06/2026	28/08/2025	28/08/2024	31/08/2023	30/08/2022	31/08/2021
General meeting	26/06/2026	27/06/2025	10/06/2024	30/06/2023	24/06/2022	25/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	30/06/2026	French	PDF
Micro model	31/12/2024	27/06/2025	28/08/2025	French	PDF
Micro model	31/12/2023	10/06/2024	28/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	31/08/2023	French	PDF
Micro model	31/12/2021	24/06/2022	30/08/2022	French	PDF
Micro model	31/12/2020	25/06/2021	31/08/2021	French	PDF
Micro model	31/12/2019	26/06/2020	30/09/2020	French	PDF
Micro model	31/12/2018	27/06/2019	30/09/2019	French	PDF
Micro model	31/12/2017	29/06/2018	31/08/2018	French	PDF
Micro model	31/12/2016	29/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	29/06/2016	28/09/2016	French	PDF
Abridged model	31/12/2014	29/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	29/06/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	27/09/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	30/08/2012	French	PDF
Abridged model	31/05/2010	18/10/2010	21/12/2010	French	PDF
Abridged model	31/05/2009	19/10/2009	09/12/2009	French	PDF
Abridged model	31/05/2008	05/01/2009	30/01/2009	French	PDF
Abridged model	31/05/2007	15/10/2007	21/12/2007	French	PDF
Abridged model	31/05/2006	04/12/2006	11/01/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 4 ended

Active mandates

Martine DUSSART

Director · since 01 janvier 2011

Active

Etienne POLET

Director · since 17 juillet 2003

Active

Ended mandates

Martine DUSSART

Manager · since 01 janvier 2011

Ended

Etienne POLET

Manager · since 17 juillet 2003

Ended

Martine DUSSART

Manager · since 17 juillet 2003

Ended

Etienne POLET

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring30/07/2024
SIEGE SOCIAL - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring24/04/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates19/05/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DIVERS - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office08/03/2017
SIEGE SOCIAL
PDF
Mandates09/03/2011
OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates08/10/2007
DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE - CAPITAL, ACTIONS
PDF
Other30/07/2003
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 2025-2,4 k €↑
2024
Annual accounts 2024-9,9 k €↑
2023
Annual accounts 2023-11,6 k €↑
2022
Annual accounts 2022-13 k €↑
2021
Annual accounts 2021-15,6 k €↓
2020
Annual accounts 202012,6 k €↑
2019
Annual accounts 201911,7 k €↓
2018
Annual accounts 201839,4 k €↑
2017
Annual accounts 20172 k €↑
2016
Annual accounts 2016-26,7 k €↓
2015
Annual accounts 20153,3 k €↓
2014
Annual accounts 201443,7 k €↑
2013
Annual accounts 20131,8 k €↓
2012
Annual accounts 20126,2 k €↓
2011
Annual accounts 201120,2 k €↑
2010
Annual accounts 20103,3 k €↑
2009
Annual accounts 20092,7 k €↑
2008
Annual accounts 2008-15,6 k €↓
2007
Annual accounts 200717,4 k €
23/07/2003
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

ETIMA

Overview

What does ETIMA do?

Trend over 19 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