ETEX is registered with the CBE as active in: Managementactiviteiten van holdings. Public Limited, started on 2 June 1947, 2 establishments.

What is the address of ETEX?

The registered office of ETEX is located at Luchthaven Brussel Nationaal 1 K, 1930 Zaventem.

Is ETEX still active?

Yes. According to the CBE (29 October 2026) ETEX is active, legal situation “Normale toestand”, started on 2 June 1947.

Is ETEX registered on Peppol?

Yes, ETEX is registered on the Peppol network with ID 0208:0400454404.

What is the enterprise number of ETEX?

The enterprise number of ETEX is BE0400454404.

When was ETEX founded?

ETEX was founded on 2 June 1947.

Who are the directors of ETEX?

According to the 2025 annual accounts, the directors of ETEX are: JoVB BV, BCConseil SRL, MucH BV, ViaBylity BV, Yves Kerstens, ARGALI CAPITAL BV, OSICS BV , FFGP Holding BV.

Is ETEX a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 2 June 1947; 5 annual accounts filed, latest fiscal year 2025; 11 directors known from the annual account; 2 establishments in the CBE.

How much profit did ETEX make in 2025?

ETEX posted a profit after taxes of € 29,210,572 in financial year 2025.

What is the revenue of ETEX?

In its most recent annual accounts (2025), ETEX reported revenue of € 58,655,320.

How much does an employee at ETEX earn?

The average wage cost per full-time employee at ETEX was € 357,600 in 2025: staff costs of € 35.9 million for 100.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does ETEX have?

According to the 2025 annual accounts, ETEX has 100.5 full-time equivalents (FTE).

ETEX (Public Limited) - Zaventem - BE0400454404

Dossier ETEX, printed on 29 October 2026 from databakkes.be/en/0400454404/etex. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

ETEX from Zaventem, company number BE0400454404, closed financial year 2025 with a result of € 29.2 million after tax. For that financial year ETEX recorded revenue of € 58.7 million and equity of € 2.1 billion. Compared with financial year 2024, the result moved from € 159.2 million to € 29.2 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.

What it is worth Healthy

€ 2.1 billion

▼ 1% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 29.2 million

▼ 82% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 112,101

▼ 32% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 85.3 million paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

100.5

▼ 2.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 40.2 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 35.9 million

▲ 14% vs 2024

€ 357,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 274,158

▼ 19% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 1.2 billion

▼ 2% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 6.5 million

▼ 34% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 59 days on average.

Taxes and wages

€ 10.3 million

▼ 7% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 57,574,958 Revenue 2022: € 57,574,958 First fiscal year in the series	€ 59,977,938 Revenue 2023: € 59,977,938 ▲ 4% vs 2022 (€ 57,574,958) Favourable step	€ 53,168,276 Revenue 2024: € 53,168,276 ▼ 11% vs 2023 (€ 59,977,938) Unfavourable step	€ 58,655,320 Revenue 2025: € 58,655,320 ▲ 10% vs 2024 (€ 53,168,276) Favourable step	▲ 10%
Profit after taxes	€ 663,164,759 Profit after taxes 2022: € 663,164,759 First fiscal year in the series	€ 77,689,278 Profit after taxes 2023: € 77,689,278 ▼ 88% vs 2022 (€ 663,164,759) Unfavourable step	€ 159,188,922 Profit after taxes 2024: € 159,188,922 ▲ 105% vs 2023 (€ 77,689,278) Favourable step	€ 29,210,572 Profit after taxes 2025: € 29,210,572 ▼ 82% vs 2024 (€ 159,188,922) Unfavourable step	▼ 82%
Equity	€ 2,003,495,405 Equity 2022: € 2,003,495,405 First fiscal year in the series	€ 1,995,861,729 Equity 2023: € 1,995,861,729 Unchanged (€ 2,003,495,405) Unfavourable step	€ 2,069,727,697 Equity 2024: € 2,069,727,697 ▲ 4% vs 2023 (€ 1,995,861,729) Favourable step	€ 2,054,220,634 Equity 2025: € 2,054,220,634 ▼ 1% vs 2024 (€ 2,069,727,697) Unfavourable step	▼ 1%
Total debts	€ 1,025,652,756 Total debts 2022: € 1,025,652,756 First fiscal year in the series	€ 1,090,514,866 Total debts 2023: € 1,090,514,866 ▲ 6% vs 2022 (€ 1,025,652,756) Unfavourable step	€ 1,295,637,842 Total debts 2024: € 1,295,637,842 ▲ 19% vs 2023 (€ 1,090,514,866) Unfavourable step	€ 1,263,782,811 Total debts 2025: € 1,263,782,811 ▼ 2% vs 2024 (€ 1,295,637,842) Favourable step	▼ 2%
Cash	€ 75,203 Cash 2022: € 75,203 First fiscal year in the series	€ 54,641 Cash 2023: € 54,641 ▼ 27% vs 2022 (€ 75,203) Unfavourable step	€ 165,490 Cash 2024: € 165,490 ▲ 203% vs 2023 (€ 54,641) Favourable step	€ 112,101 Cash 2025: € 112,101 ▼ 32% vs 2024 (€ 165,490) Unfavourable step	▼ 32%
Retained profit	€ 2,000,219,381 Retained profit 2022: € 2,000,219,381 First fiscal year in the series	€ 1,992,585,705 Retained profit 2023: € 1,992,585,705 Unchanged (€ 2,000,219,381) Unfavourable step	€ 2,066,451,673 Retained profit 2024: € 2,066,451,673 ▲ 4% vs 2023 (€ 1,992,585,705) Favourable step	€ 2,050,944,610 Retained profit 2025: € 2,050,944,610 ▼ 1% vs 2024 (€ 2,066,451,673) Unfavourable step	▼ 1%
Dividend	€ 77,039,172 Dividend 2022: € 77,039,172 First fiscal year in the series	€ 85,322,954 Dividend 2023: € 85,322,954 ▲ 11% vs 2022 (€ 77,039,172) Unchanged	€ 85,322,954 Dividend 2024: € 85,322,954 Unchanged (€ 85,322,954) Unchanged	€ 85,322,954 Dividend 2025: € 85,322,954 Unchanged (€ 85,322,954) Unchanged
Bank debt	€ 919,704,264 Bank debt 2022: € 919,704,264 First fiscal year in the series	€ 973,745,785 Bank debt 2023: € 973,745,785 ▲ 6% vs 2022 (€ 919,704,264) Unfavourable step	€ 1,178,529,814 Bank debt 2024: € 1,178,529,814 ▲ 21% vs 2023 (€ 973,745,785) Unfavourable step	€ 1,151,708,614 Bank debt 2025: € 1,151,708,614 ▼ 2% vs 2024 (€ 1,178,529,814) Favourable step	▼ 2%
Balance sheet total	€ 3,049,625,506 Balance sheet total 2022: € 3,049,625,506 First fiscal year in the series	€ 3,109,576,784 Balance sheet total 2023: € 3,109,576,784 ▲ 2% vs 2022 (€ 3,049,625,506) Unchanged	€ 3,381,078,816 Balance sheet total 2024: € 3,381,078,816 ▲ 9% vs 2023 (€ 3,109,576,784) Unchanged	€ 3,330,505,023 Balance sheet total 2025: € 3,330,505,023 ▼ 1% vs 2024 (€ 3,381,078,816) Unchanged	▼ 1%
Employees (FTE)	83.5 Employees (FTE) 2022: 83.5 First fiscal year in the series	93.6 Employees (FTE) 2023: 93.6 ▲ 10.1 vs 2022 (83.5) Unchanged	102.6 Employees (FTE) 2024: 102.6 ▲ 9 vs 2023 (93.6) Unchanged	100.5 Employees (FTE) 2025: 100.5 ▼ 2.1 vs 2024 (102.6) Unchanged	▼ 2.1

Key figures of ETEX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to ETEX?

What happened at ETEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 BCConseil SRL stepped down as director. NBB
2028 Yves Kerstens stepped down as director. NBB
2028 Ines Kolmsee stepped down as director. NBB
2028 Inge Boets BV stepped down as director. NBB
2027 JoVB BV stepped down as director. NBB
2027 ARGALI CAPITAL BV stepped down as director. NBB
2027 OSICS BV stepped down as director. NBB
2027 FFGP Holding BV stepped down as director. NBB

In short

From € 663.2 million profit in 2022 to € 29.2 million profit in 2025.

Paid € 10.3 million in corporate taxes since 2022.

Best year ever: 2022, with € 663.2 million profit.

Paid out € 333 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Stichting Jekbouw 42.7%

ABDEN AG c/o Fundationsanstalt 10.6%

Eternit NV 5.3%

Etex Finance S.A. 0.3%

The stake of FAJAC, AGEMAR, MARINVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

ETEX

Eternit Investment 100%

Etex Holding UK Insulation Ltd - known as Superglass Holdings Ltd 100%

URSA (Insmat) Holdings GmbH 100%

Etex Holding Denmark ApS 100%

The shares are held by Stichting Jekbouw (42.7%), ABDEN AG c/o Fundationsanstalt (10.6%), Eternit NV (5.3%), Etex Finance S.A. (0.3%), FAJAC (0.5%) and AGEMAR (0%). It owns 100% of Eternit Investment, 100% of Etex Holding UK Insulation Ltd - known as Superglass Holdings Ltd, 100% of URSA (Insmat) Holdings GmbH, 100% of Etex Holding Denmark ApS, 100% of Etex Holding GmbH and 100% of Etex Building Performance itself.

Directors

According to the 2025 annual accounts

JoVB BV

Director

Also active at: MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN, PURATOS GROUP, INNO.COM, MATEXI GROUP

since 2024 · until 2027

BCConseil SRL

Managing director

Also active at: MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN, Meuse Midco

since 2025 · until 2028

MucH BV

Director

Also active at: Ion Beam Applications

since 2023 · until 2026

ViaBylity BV

Director

Also active at: ONTEX GROUP

since 2023 · until 2026

Yves Kerstens

Director

since 2025 · until 2028

ARGALI CAPITAL BV

Director

Also active at: SCR - SIBELCO

since 2024 · until 2027

OSICS BV

Director

since 2024 · until 2027

FFGP Holding BV

Director

Also active at: BIO4FARM, Stack Food

since 2024 · until 2027

Ines Kolmsee

Director

since 2025 · until 2028

CT IMPACT BV

Director

Also active at: VP Capital, SEEWHY PARTNERS

since 2024 · until 2027

Inge Boets BV

Director

Also active at: ONTEX GROUP, ECS LOGISTICS GROUP

since 2025 · until 2028

Shareholders

Stichting Jekbouw

42.7%

ABDEN AG c/o Fundationsanstalt

10.6%

Eternit NV

5.3%

Etex Finance S.A.

0.3%

FAJAC

0.5%

AGEMAR

MARINVEST

Participations

Eternit Investment

100%

Etex Holding UK Insulation Ltd - known as Superglass Holdings Ltd

100%

URSA (Insmat) Holdings GmbH

100%

Etex Holding Denmark ApS

100%

Etex Holding GmbH

100%

Etex Building Performance

100%

Merilux

100%

Inversiones Etex Chile Ltda

89.6%

Etex Services

84.1%

Empresas Pizareno

45.2%

Etex Building Performance International SAS

27%

Establishments

Establishment units

Physical locations of this company

Registered office

Luchthaven Brussel Nationaal 1 K

1930 Zaventem

2.004.692.070

Luchthaven Brussel Nationaal 1K

1930 Zaventem

Active since 1 August 1947

2.269.831.078

Bormstraat 24

2830 Willebroek

Active since 3 November 2017

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.

All companies at this address →

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€ 22.7 million revenue · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0400.454.404

VAT number

BE 0400.454.404

Registered office

Luchthaven Brussel Nationaal 1 K, 1930 Zaventem

Names & denominations

ETEX

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

2 June 1947

Peppol

Active · Active since 2 Oct 2025

Activities · NACE

Managementactiviteiten van holdings

Activiteiten van holdings

Overige adviesbureaus op het gebied van bedrijfsvoering en beheer

Holdings

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗

ETEX

Warning lights

Financials

What happened to ETEX?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions