ACTIVE

ETHIMMO

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Financial year 2025 · closed on 31/12/2025

Net result

-27,5 k €

-11.7% YoY

Gross margin

112,7 k €

-4.8% YoY

Equity

507,9 k €

-6.1% YoY

What does ETHIMMO do?

ETHIMMO is a Cooperative partnership with limited liability with a social purpose incorporated in 2005. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0873.551.514

Incorporation

29/04/2005

Legal form

Cooperative partnership with limited liability with a social purpose

Registered office

Spinnerijstraat(Kor) 107
8500 Kortrijk · FlandreSee on map

Contributed capital

192 500,00 €

Latest accounts

31/12/2025

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	112,7 k €	-4.8%	118,4 k €	-75.6%	485,9 k €	+175%	176,7 k €	+51.2%	116,9 k €	+13.8%	102,8 k €	+19.6%	86 k €	-38.2%	139 k €	+176%	50,4 k €	+1.6%	49,6 k €	+4.9%	47,3 k €	+0.7%	47 k €	+4.1%	45,1 k €	-8.5%	49,3 k €	+11.0%	44,4 k €	+2.5%	43,3 k €	-2.4%	44,4 k €	+16.9%	37,9 k €	+52.1%	24,9 k €	+86.3%	13,4 k €
EBITDA	105,1 k €	-4.9%	110,6 k €	-76.7%	474,3 k €	+182%	168,5 k €	+60.1%	105,2 k €	+9.2%	96,3 k €	+19.2%	80,8 k €	-6.7%	86,6 k €	+86.0%	46,6 k €	+3.9%	44,8 k €	+0.8%	44,4 k €	+5.1%	42,3 k €	+5.3%	40,2 k €	-12.4%	45,9 k €	+11.3%	41,2 k €	+2.9%	40 k €	-1.3%	40,6 k €	+16.1%	34,9 k €	+52.0%	23 k €	+115%	10,7 k €
Operating result	2,4 k €	-74.4%	9,5 k €	-97.6%	399,5 k €	+327%	93,6 k €	+259%	26 k €	+18.2%	22 k €	-1.9%	22,5 k €	-14.4%	26,2 k €	+55.2%	16,9 k €	-10.6%	18,9 k €	-11.7%	21,4 k €	+4.8%	20,4 k €	-1.5%	20,8 k €	-26.1%	28,1 k €	+11.9%	25,1 k €	+2.4%	24,5 k €	-5.8%	26 k €	+23.1%	21,1 k €	+65.0%	12,8 k €	+269%	-7,6 k €
Net result	-27,5 k €	-11.7%	-24,6 k €	-109%	269 k €	+472%	47 k €	+604%	-9,3 k €	-3309%	290,6 €	+68.6%	172,3 €	-96.0%	4,3 k €	+90.8%	2,3 k €	-22.4%	2,9 k €	-40.1%	4,8 k €	+195%	1,6 k €	+58.6%	1 k €	-89.4%	9,8 k €	+20.0%	8,1 k €	-9.4%	9 k €	-0.8%	9,1 k €	+66.6%	5,4 k €	+1262%	-468,1 €	+97.1%	-16,1 k €
Balance sheet
Equity	507,9 k €	-6.1%	540,7 k €	-8.1%	588,4 k €	+81.2%	324,7 k €	+14.7%	283 k €	-4.9%	297,7 k €	-0.0%	297,8 k €	+25.3%	237,7 k €	+7.4%	221,4 k €	+21.8%	181,8 k €	+1.2%	179,7 k €	+2.3%	175,6 k €	+4.1%	168,7 k €	+0.7%	167,5 k €	+13.1%	148,2 k €	+5.5%	140,5 k €	+7.0%	131,3 k €	+12.3%	116,9 k €	+15.2%	101,4 k €	+17.0%	86,7 k €
Total assets	2,5 M €	-0.3%	2,5 M €	+0.2%	2,5 M €	+36.9%	1,9 M €	-1.1%	1,9 M €	+0.4%	1,9 M €	+12.9%	1,7 M €	+3.7%	1,6 M €	+44.6%	1,1 M €	+35.4%	817,1 k €	+22.7%	665,9 k €	-1.4%	675,7 k €	-4.0%	703,5 k €	+0.4%	700,8 k €	+18.0%	593,8 k €	+13.6%	522,9 k €	-3.9%	543,9 k €	+2.6%	529,9 k €	+5.7%	501,4 k €	+11.2%	450,9 k €
Cash	63,9 k €	-69.3%	208 k €	+5.6%	196,9 k €	+425%	37,5 k €	+12.0%	33,5 k €	-13.7%	38,8 k €	+350%	8,6 k €	+28.7%	6,7 k €	-87.5%	53,7 k €	+162%	20,5 k €	+3950%	507,2 €	-74.1%	2 k €	-70.1%	6,6 k €	+584%	958,8 €	-87.2%	7,5 k €	+7.9%	6,9 k €	+12.9%	6,1 k €	-24.9%	8,2 k €	+105%	4 k €	-81.5%	21,5 k €
Debts	1,9 M €	+1.8%	1,8 M €	+2.8%	1,8 M €	+21.4%	1,5 M €	-5.8%	1,6 M €	+0.5%	1,6 M €	+15.7%	1,4 M €	-0.1%	1,4 M €	+53.5%	881,2 k €	+39.6%	631,5 k €	+30.8%	482,7 k €	-3.3%	499,1 k €	-6.7%	534,8 k €	+0.3%	533 k €	+19.6%	445,6 k €	+16.5%	382,4 k €	-7.3%	412,6 k €	-0.1%	412,9 k €	+3.2%	399,9 k €	+9.8%	364,2 k €
Other
Workforce	–		–		0,0 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 · 7 active · 36 ended

Active mandates

ACS GROUP

Director · 0872.439.576

Represented by Geert Dauwe

Active

CLARUS

Director · 0466.349.967

Represented by Rik Desmet

Active

Constructief

Director · 0465.225.262

Represented by Bart Vandenbussche

Active

De Poort vzw, voor wonen en werk

Director · 0432.220.320

Active

Hefboom

Director · 0428.036.254

Represented by Piet Callens

Active

PATRIWESOL

Director · 0753.390.189

Represented by Gaëlle Beeusaert

Active

Zusters van de Bermhertigheid Jesu

Director · 0409.896.264

Represented by Dirk Dalle

Active

Ended mandates

Accommo

Director · since 10 juillet 2019 · 0405.566.403

Represented by Lieven Van Belle

Ended

BERM

Director · since 10 juillet 2019 · 0468.716.668

Represented by Drik Dalle

Ended

ACS GROUP

Director · since 19 janvier 2011 · 0872.439.576

Represented by Geert DAUWE

Ended

CLARUS

Director · since 19 janvier 2011 · 0466.349.967

Represented by Rik Desmet

Ended

At this address

Other companies at this address

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CLARUS● Active	0466.349.967
De Stuyverij● Active	0845.525.541
DUO-EXPRESS● Bankrupt	0827.681.303
KANAAL 127● Active	0460.937.169
KARWEIBEDRIJF● Active	0463.621.396
Starterslabo West-Vlaanderen● Active	0810.881.792
Twins Garage● Active	0536.989.525

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	17/07/2026	09/07/2025	20/02/2025	14/05/2024	15/07/2022	15/11/2021
General meeting	23/06/2026	27/05/2025	11/06/2024	01/06/2023	27/06/2022	30/06/2021
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
Abridged model	31/12/2025	23/06/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/05/2025	09/07/2025	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	20/02/2025	Dutch	PDF
Micro model	31/12/2022	01/06/2023	14/05/2024	Dutch	PDF
Micro model	31/12/2021	27/06/2022	15/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	15/11/2021	Dutch	PDF
Micro model	31/12/2019	10/07/2020	30/07/2020	Dutch	PDF
Micro model	31/12/2018	10/07/2019	20/08/2019	Dutch	PDF
Micro model	31/12/2017	06/06/2018	19/07/2018	Dutch	PDF
Abridged model	31/12/2016	14/06/2017	14/06/2017	Dutch	PDF
Abridged model	31/12/2015	02/06/2016	10/06/2016	Dutch	PDF
Abridged model	31/12/2014	03/06/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	08/07/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	06/06/2013	12/06/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	12/07/2010	23/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	13/07/2009	Dutch	PDF
Abridged model	31/12/2007	24/06/2008	20/08/2008	Dutch	PDF
Abridged model	31/12/2006	14/06/2007	06/07/2007	Dutch	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 · 7 active · 36 ended

Active mandates

ACS GROUP

Director · 0872.439.576

Represented by Geert Dauwe

Active

CLARUS

Director · 0466.349.967

Represented by Rik Desmet

Active

Constructief

Director · 0465.225.262

Represented by Bart Vandenbussche

Active

De Poort vzw, voor wonen en werk

Director · 0432.220.320

Active

Hefboom

Director · 0428.036.254

Represented by Piet Callens

Active

PATRIWESOL

Director · 0753.390.189

Represented by Gaëlle Beeusaert

Active

Zusters van de Bermhertigheid Jesu

Director · 0409.896.264

Represented by Dirk Dalle

Active

Ended mandates

Accommo

Director · since 10 juillet 2019 · 0405.566.403

Represented by Lieven Van Belle

Ended

BERM

Director · since 10 juillet 2019 · 0468.716.668

Represented by Drik Dalle

Ended

ACS GROUP

Director · since 19 janvier 2011 · 0872.439.576

Represented by Geert DAUWE

Ended

CLARUS

Director · since 19 janvier 2011 · 0466.349.967

Represented by Rik Desmet

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2016
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares20/11/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/09/2012
ALGEMENE VERGADERING - ONTSLAGEN - BENOEMINGEN
PDF
Other17/11/2010
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates30/07/2008
ONTSLAGEN - BENOEMINGEN
PDF
Other10/05/2005
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

2025
Annual accounts 2025-27,5 k €↓
2024
Annual accounts 2024-24,6 k €↓
2023
Annual accounts 2023269 k €↑
2022
Annual accounts 202247 k €↑
2021
Annual accounts 2021-9,3 k €↓
2020
Annual accounts 2020290,6 €↑
2019
Annual accounts 2019172,3 €↓
2018
Annual accounts 20184,3 k €↑
2017
Annual accounts 20172,3 k €↓
2016
Annual accounts 20162,9 k €↓
2015
Annual accounts 20154,8 k €↑
2014
Annual accounts 20141,6 k €↑
2013
Annual accounts 20131 k €↓
2012
Annual accounts 20129,8 k €↑
2011
Annual accounts 20118,1 k €↓
2010
Annual accounts 20109 k €↓
2009
Annual accounts 20099,1 k €↑
2008
Annual accounts 20085,4 k €↑
2007
Annual accounts 2007-468,1 €↑
2006
Annual accounts 2006-16,1 k €
29/04/2005
IncorporationCooperative partnership with limited liability with a social purpose

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

ETHIMMO

Overview

What does ETHIMMO do?

Trend over 20 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