What does ETMA AG do?

ETMA AG is registered with the CBE as active in: Activiteiten van holdings. Public Limited, started on 25 March 1989, 1 establishment.

What is the address of ETMA AG?

The registered office of ETMA AG is located at Rosenweg 8, 4700 Eupen.

Is ETMA AG still active?

Yes. According to the CBE (29 October 2026) ETMA AG is active, legal situation “Normale toestand”, started on 25 March 1989.

Is ETMA AG registered on Peppol?

Yes, ETMA AG is registered on the Peppol network with ID 0208:0437102190.

What is the enterprise number of ETMA AG?

The enterprise number of ETMA AG is BE0437102190.

When was ETMA AG founded?

ETMA AG was founded on 25 March 1989.

Who are the directors of ETMA AG?

According to the 2025 annual accounts, the directors of ETMA AG are: Anne Thönnes, Erich Thönnes, Peter Thönnes, Paul Thönnes.

Is ETMA AG a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 25 March 1989; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did ETMA AG make in 2025?

ETMA AG posted a profit after taxes of € 140,404 in financial year 2025.

What is the revenue of ETMA AG?

As a small company, ETMA AG is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -35,873.

How many employees does ETMA AG have?

According to the 2025 annual accounts, ETMA AG has 0 full-time equivalents (FTE).

ETMA AG (Public Limited) - Eupen - BE0437102190

Dossier ETMA AG, printed on 29 October 2026 from databakkes.be/en/0437102190/etma-ag. 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 60 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

ETMA AG from Eupen, company number BE0437102190, closed financial year 2025 with a result of € 140,404 after tax. For that financial year ETMA AG recorded a gross margin of € -35,873 and equity of € 2.6 million. Compared with financial year 2024, the result moved from € 69,486 to € 140,404. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.

What it is worth Growing

€ 2.6 million

▲ 1% vs 2024

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

Profit Growing

€ 140,404

▲ 102% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 15,443

▼ 71% vs 2024

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

Where the profit goes Pays out

€ 122,387 paid out

87 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

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

Debts at end 2025

Bank debt

€ 65,000

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 10,173

▲ 87% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 5,332

▼ 47% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -19,953 Gross margin 2022: € -19,953 First fiscal year in the series	€ -27,544 Gross margin 2023: € -27,544 ▼ € 7,591 vs 2022 (€ -19,953) Unfavourable step	€ -30,607 Gross margin 2024: € -30,607 ▼ € 3,063 vs 2023 (€ -27,544) Unfavourable step	€ -35,873 Gross margin 2025: € -35,873 ▼ € 5,266 vs 2024 (€ -30,607) Unfavourable step	▼ € 5,266
Profit after taxes	€ 126,079 Profit after taxes 2022: € 126,079 First fiscal year in the series	€ 95,800 Profit after taxes 2023: € 95,800 ▼ 24% vs 2022 (€ 126,079) Unfavourable step	€ 69,486 Profit after taxes 2024: € 69,486 ▼ 27% vs 2023 (€ 95,800) Unfavourable step	€ 140,404 Profit after taxes 2025: € 140,404 ▲ 102% vs 2024 (€ 69,486) Favourable step	▲ 102%
Equity	€ 2,667,610 Equity 2022: € 2,667,610 First fiscal year in the series	€ 2,659,647 Equity 2023: € 2,659,647 Unchanged (€ 2,667,610) Unfavourable step	€ 2,606,745 Equity 2024: € 2,606,745 ▼ 2% vs 2023 (€ 2,659,647) Unfavourable step	€ 2,624,762 Equity 2025: € 2,624,762 ▲ 1% vs 2024 (€ 2,606,745) Favourable step	▲ 1%
Total debts	€ 118,178 Total debts 2022: € 118,178 First fiscal year in the series	€ 118,577 Total debts 2023: € 118,577 Unchanged (€ 118,178) Unfavourable step	€ 137,945 Total debts 2024: € 137,945 ▲ 16% vs 2023 (€ 118,577) Unfavourable step	€ 202,892 Total debts 2025: € 202,892 ▲ 47% vs 2024 (€ 137,945) Unfavourable step	▲ 47%
Cash	€ 238,151 Cash 2022: € 238,151 First fiscal year in the series	€ 218,990 Cash 2023: € 218,990 ▼ 8% vs 2022 (€ 238,151) Unfavourable step	€ 53,618 Cash 2024: € 53,618 ▼ 76% vs 2023 (€ 218,990) Unfavourable step	€ 15,443 Cash 2025: € 15,443 ▼ 71% vs 2024 (€ 53,618) Unfavourable step	▼ 71%
Land & buildings	€ 267,961 Land & buildings 2022: € 267,961 First fiscal year in the series	€ 261,508 Land & buildings 2023: € 261,508 ▼ 2% vs 2022 (€ 267,961) Unchanged	€ 255,987 Land & buildings 2024: € 255,987 ▼ 2% vs 2023 (€ 261,508) Unchanged	€ 251,261 Land & buildings 2025: € 251,261 ▼ 2% vs 2024 (€ 255,987) Unchanged	▼ 2%
Retained profit	€ 1,560,250 Retained profit 2022: € 1,560,250 First fiscal year in the series	€ 1,552,287 Retained profit 2023: € 1,552,287 ▼ 1% vs 2022 (€ 1,560,250) Unfavourable step	€ 1,499,385 Retained profit 2024: € 1,499,385 ▼ 3% vs 2023 (€ 1,552,287) Unfavourable step	€ 1,517,402 Retained profit 2025: € 1,517,402 ▲ 1% vs 2024 (€ 1,499,385) Favourable step	▲ 1%
Dividend	€ 103,763 Dividend 2022: € 103,763 First fiscal year in the series	€ 103,763 Dividend 2023: € 103,763 Unchanged (€ 103,763) Unchanged	€ 122,387 Dividend 2024: € 122,387 ▲ 18% vs 2023 (€ 103,763) Unchanged	€ 122,387 Dividend 2025: € 122,387 Unchanged (€ 122,387) Unchanged
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 0 Bank debt 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 65,000 Bank debt 2025: € 65,000 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 2,785,788 Balance sheet total 2022: € 2,785,788 First fiscal year in the series	€ 2,778,224 Balance sheet total 2023: € 2,778,224 Unchanged (€ 2,785,788) Unchanged	€ 2,744,690 Balance sheet total 2024: € 2,744,690 ▼ 1% vs 2023 (€ 2,778,224) Unchanged	€ 2,827,654 Balance sheet total 2025: € 2,827,654 ▲ 3% vs 2024 (€ 2,744,690) Unchanged	▲ 3%

Key figures of ETMA AG, 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 ETMA AG?

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

2031 Anne Thönnes stepped down as director. NBB
2031 Erich Thönnes stepped down as director. NBB
2031 Peter Thönnes stepped down as director. NBB
2031 Paul Thönnes stepped down as director. NBB
Aug 31, 2026 New annual accounts for financial year 2025: profit of € 140,404 (▲ 102% vs 2024). filed late Source: NBB ↗
2025 Anne Thönnes became a director. NBB
2025 Erich Thönnes became a director. NBB
2025 Peter Thönnes became a director. NBB

In short

From € 126,079 profit in 2022 to € 140,404 profit in 2025.

Paid € 43,145 in corporate taxes since 2022.

Best year ever: 2025, with € 140,404 profit.

Paid out € 452,301 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

ETMA AG

Ethmap 100%

Gutmann Schaumstoffe 38%

Schaffer Schaum 25%

Diroy 10.7%

It owns 100% of Ethmap, 38% of Gutmann Schaumstoffe, 25% of Schaffer Schaum, 10.7% of Diroy and 10.4% of Serpo itself.

Directors

According to the 2025 annual accounts

Anne Thönnes

Director

since 2025 · until 2031

Erich Thönnes

Managing director

Also active at: Serpo, Formafoam België, Eupendis, THÖNNES-CREMER

since 2025 · until 2031

Peter Thönnes

Director

since 2025 · until 2031

Paul Thönnes

Director

Also active at: SÄGEWERK UND HOLZHANDEL GmbH Paul Pankert – Axel Thönnes Nachf., EUPEN HOLZ, THÖNNES IMMOBILIEN, NISPATH

since 2025 · until 2031

Establishments

Establishment units

Physical locations of this company

Registered office

Rosenweg 8

4700 Eupen

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

Details

Company number

0437.102.190

VAT number

BE 0437.102.190

Registered office

Rosenweg 8, 4700 Eupen

Names & denominations

ETMA AG

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

25 March 1989

Peppol

Active · Active since 9 Dec 2025

Activities · NACE

Activiteiten van holdings

Holdings

Activiteiten van hoofdkantoren

View on CBE Public ↗ Annual accounts (NBB) ↗

ETMA AG

Warning lights

Financials

What happened to ETMA AG?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions