ACTIVE

ETSG

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Financial year 2025 · closed on 30/06/2025

Net result

4,9 k €

-84.3% YoY

Gross margin

78,6 k €

-20.8% YoY

Equity

334,7 k €

-28.5% YoY

What does ETSG do?

ETSG is a Private limited company incorporated in 2005. Its registered office is in Genk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0877.018.372

Incorporation

31/10/2005

Legal form

Private limited company

Registered office

Nieuwpoortlaan 19 box 17
3600 Genk · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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	78,6 k €	-20.8%	99,2 k €	-21.5%	126,3 k €	+53.2%	82,5 k €	-51.8%	170,9 k €	+149%	68,5 k €	-36.4%	107,8 k €	+16.4%	92,6 k €	+40.2%	66 k €	+29.3%	51,1 k €	-36.2%	80,1 k €	+82.3%	43,9 k €	-13.6%	50,8 k €	+45.5%	34,9 k €	-57.4%	82 k €	+3367%	2,4 k €	-91.4%	27,4 k €	-9.7%	30,3 k €	-48.3%	58,6 k €
EBITDA	59,3 k €	-31.2%	86,2 k €	-28.8%	121,1 k €	+94.6%	62,3 k €	-56.8%	144,1 k €	+232%	43,5 k €	-32.0%	63,9 k €	-11.8%	72,5 k €	+186%	25,3 k €	-26.5%	34,5 k €	-34.2%	52,4 k €	+109%	25,1 k €	-44.3%	45,1 k €	+36.5%	33 k €	+35.5%	24,4 k €	+327%	-10,7 k €	-177%	13,9 k €	-40.4%	23,4 k €	-50.5%	47,2 k €
Operating result	21 k €	-55.8%	47,5 k €	-47.1%	89,7 k €	+154%	35,4 k €	-70.9%	121,7 k €	+214%	38,7 k €	-36.6%	61,1 k €	-13.5%	70,7 k €	+243%	20,6 k €	-30.1%	29,5 k €	-36.7%	46,6 k €	+144%	19,1 k €	-51.9%	39,7 k €	+29.8%	30,6 k €	+35.6%	22,6 k €	+276%	-12,8 k €	-209%	11,8 k €	-26.2%	16 k €	-55.7%	36,1 k €
Net result	4,9 k €	-84.3%	31,2 k €	-42.2%	54 k €	+1358%	3,7 k €	-96.3%	100,4 k €	+239%	29,6 k €	-26.5%	40,3 k €	-1.4%	40,9 k €	+322%	9,7 k €	-29.6%	13,8 k €	-54.7%	30,4 k €	+168%	11,3 k €	-55.9%	25,7 k €	+37.5%	18,7 k €	+84.7%	10,1 k €	+171%	-14,2 k €	-323%	6,4 k €	-24.8%	8,5 k €	-63.0%	22,9 k €
Balance sheet
Equity	334,7 k €	-28.5%	468,4 k €	+7.1%	437,2 k €	+14.1%	383,2 k €	+6.3%	360,5 k €	+38.6%	260,1 k €	+12.9%	230,5 k €	+21.2%	190,2 k €	+27.4%	149,3 k €	+6.9%	139,6 k €	+10.9%	125,8 k €	+31.9%	95,4 k €	+13.5%	84,1 k €	+43.9%	58,4 k €	+46.9%	39,8 k €	+34.0%	29,7 k €	-32.3%	43,9 k €	+16.9%	37,5 k €	+29.1%	29,1 k €
Total assets	912,1 k €	-18.0%	1,1 M €	-8.5%	1,2 M €	+10.4%	1,1 M €	+1.5%	1,1 M €	+35.2%	801,9 k €	+122%	360,9 k €	-7.4%	389,6 k €	+65.8%	235 k €	+1.6%	231,3 k €	+2.6%	225,5 k €	+13.3%	199 k €	+24.3%	160,1 k €	+48.4%	107,9 k €	+35.3%	79,7 k €	+79.8%	44,3 k €	-27.7%	61,3 k €	+14.0%	53,8 k €	+1.7%	52,9 k €
Cash	89,7 k €	+1.7%	88,2 k €	+13.7%	77,5 k €	-8.6%	84,8 k €	+3.7%	81,7 k €	+68.0%	48,6 k €	-41.9%	83,7 k €	-2.4%	85,8 k €	+52.3%	56,3 k €	+29.3%	43,6 k €	-38.0%	70,3 k €	+26.6%	55,5 k €	-2.1%	56,8 k €	+24.9%	45,5 k €	+119%	20,8 k €	+172%	7,7 k €	-75.9%	31,8 k €	+58.2%	20,1 k €	+39.9%	14,4 k €
Debts	577,3 k €	-10.3%	643,4 k €	-17.2%	777,2 k €	+8.4%	717,3 k €	-0.8%	723,4 k €	+33.5%	541,8 k €	+316%	130,4 k €	-34.6%	199,4 k €	+133%	85,8 k €	-5.7%	91 k €	-8.7%	99,6 k €	-3.8%	103,6 k €	+36.3%	76 k €	+53.8%	49,4 k €	+23.7%	40 k €	+172%	14,7 k €	-16.0%	17,5 k €	+7.1%	16,3 k €	-31.7%	23,9 k €
Other
Workforce	–		–		–		0,4 ETP	+100%	0,2 ETP		–		–		–		–		0,5 ETP	-44.4%	0,9 ETP	-10.0%	1,0 ETP	+900%	0,1 ETP		–		–		–		0,1 ETP	0.0%	0,1 ETP	-90.0%	1,0 ETP

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 30/06/2025 · 1 active · 1 ended

Active mandates

Luc HOESSELS

Director

Active

Ended mandates

Luc Hoessels

Manager

Ended

At this address

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MK KLIMA● Active	0667.574.190
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Vereniging van mede-eigenaars Businesspark Zuiderpark Genk - Fase 4 te Genk, Nieuwpoortlaan● Active	0735.954.242

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	04/02/2025	31/01/2024	31/01/2023	31/01/2022	26/02/2021
General meeting	05/12/2025	06/12/2024	01/12/2023	02/12/2022	03/12/2021	04/12/2020
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	05/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	06/12/2024	04/02/2025	Dutch	PDF
Abridged model	30/06/2023	01/12/2023	31/01/2024	Dutch	PDF
Abridged model	30/06/2022	02/12/2022	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	03/12/2021	31/01/2022	Dutch	PDF
Micro model	30/06/2020	04/12/2020	26/02/2021	Dutch	PDF
Micro model	30/06/2019	06/12/2019	30/01/2020	Dutch	PDF
Micro model	30/06/2018	07/12/2018	31/01/2019	Dutch	PDF
Micro model	30/06/2017	01/12/2017	01/02/2018	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	04/12/2015	16/02/2016	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	16/02/2015	Dutch	PDF
Abridged model	30/06/2013	06/12/2013	27/02/2014	Dutch	PDF
Abridged model	30/06/2012	07/12/2012	28/02/2013	Dutch	PDF
Abridged model	30/06/2011	02/12/2011	21/02/2012	Dutch	PDF
Abridged model	30/06/2010	03/12/2010	28/02/2011	Dutch	PDF
Abridged model	30/06/2009	04/12/2009	15/02/2010	Dutch	PDF
Abridged model	30/06/2008	05/12/2008	13/02/2009	Dutch	PDF
Abridged model	30/06/2007	07/12/2007	02/04/2008	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 30/06/2025 · 1 active · 1 ended

Active mandates

Luc HOESSELS

Director

Active

Ended mandates

Luc Hoessels

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/05/2022
MAATSCHAPPELIJKE ZETEL
PDF
Other21/01/2014
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other09/11/2005
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 20254,9 k €↓
2024
Annual accounts 202431,2 k €↓
2023
Annual accounts 202354 k €↑
2022
Annual accounts 20223,7 k €↓
2021
Annual accounts 2021100,4 k €↑
2020
Annual accounts 202029,6 k €↓
2019
Annual accounts 201940,3 k €↓
2018
Annual accounts 201840,9 k €↑
2017
Annual accounts 20179,7 k €↓
2016
Annual accounts 201613,8 k €↓
2015
Annual accounts 201530,4 k €↑
2014
Annual accounts 201411,3 k €↓
2013
Annual accounts 201325,7 k €↑
2012
Annual accounts 201218,7 k €↑
2011
Annual accounts 201110,1 k €↑
2010
Annual accounts 2010-14,2 k €↓
2009
Annual accounts 20096,4 k €↓
2008
Annual accounts 20088,5 k €↓
2007
Annual accounts 200722,9 k €
31/10/2005
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

ETSG

Overview

What does ETSG 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