What does ETINCEL do?

ETINCEL is a commercial agency in Waterloo. Private Limited, started on 27 December 1994, 1 establishment.

What is the address of ETINCEL?

The registered office of ETINCEL is located at Avenue Fructidor 8, 1410 Waterloo.

Is ETINCEL still active?

Yes. According to the CBE (31 October 2026) ETINCEL is active, legal situation “Normale toestand”, started on 27 December 1994.

Is ETINCEL registered on Peppol?

Yes, ETINCEL is registered on the Peppol network with ID 0208:0454158255.

What is the enterprise number of ETINCEL?

The enterprise number of ETINCEL is BE0454158255.

When was ETINCEL founded?

ETINCEL was founded on 27 December 1994.

Is ETINCEL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 27 December 1994; 5 annual accounts filed, latest fiscal year 2025.

How much profit did ETINCEL make in 2025?

ETINCEL posted a profit after taxes of € 3,922 in financial year 2025.

What is the revenue of ETINCEL?

As a small company, ETINCEL is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 4,876.

ETINCEL (Private Limited) - Waterloo - BE0454158255

Dossier ETINCEL, printed on 31 October 2026 from databakkes.be/en/0454158255/etincel. 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.

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.
Tight liquidity NBB

Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

ETINCEL from Waterloo, company number BE0454158255, closed financial year 2025 with a result of € 3,922 after tax. For that financial year ETINCEL recorded a gross margin of € 4,876 and equity of € -5,534. Compared with financial year 2024, the result moved from € 7,430 to € 3,922. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.

What it is worth Caution

€ -5,534

▲ € 3,922 vs 2024

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

Profit Healthy

€ 3,922

▼ 47% vs 2024

Profit after tax over the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € -24,126.

Debts at end 2025

Bank debt

€ 3,303

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 10,157

▲ 132% vs 2024

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

Taxes

€ 5,198

▼ 28% 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	€ 3,701 Gross margin 2022: € 3,701 First fiscal year in the series	€ -1,649 Gross margin 2023: € -1,649 ▼ € 5,350 vs 2022 (€ 3,701) Unfavourable step	€ 8,363 Gross margin 2024: € 8,363 ▲ € 10,011 vs 2023 (€ -1,649) Favourable step	€ 4,876 Gross margin 2025: € 4,876 ▼ 42% vs 2024 (€ 8,363) Unfavourable step	▼ 42%
Profit after taxes	€ 1,750 Profit after taxes 2022: € 1,750 First fiscal year in the series	€ -2,586 Profit after taxes 2023: € -2,586 ▼ € 4,336 vs 2022 (€ 1,750) Unfavourable step	€ 7,430 Profit after taxes 2024: € 7,430 ▲ € 10,016 vs 2023 (€ -2,586) Favourable step	€ 3,922 Profit after taxes 2025: € 3,922 ▼ 47% vs 2024 (€ 7,430) Unfavourable step	▼ 47%
Equity	€ -14,301 Equity 2022: € -14,301 First fiscal year in the series	€ -16,887 Equity 2023: € -16,887 ▼ € 2,586 vs 2022 (€ -14,301) Unfavourable step	€ -9,456 Equity 2024: € -9,456 ▲ € 7,430 vs 2023 (€ -16,887) Favourable step	€ -5,534 Equity 2025: € -5,534 ▲ € 3,922 vs 2024 (€ -9,456) Favourable step	▲ € 3,922
Total debts	€ 31,609 Total debts 2022: € 31,609 First fiscal year in the series	€ 26,527 Total debts 2023: € 26,527 ▼ 16% vs 2022 (€ 31,609) Favourable step	€ 19,912 Total debts 2024: € 19,912 ▼ 25% vs 2023 (€ 26,527) Favourable step	€ 18,658 Total debts 2025: € 18,658 ▼ 6% vs 2024 (€ 19,912) Favourable step	▼ 6%
Cash	-	-	€ 3,312 Cash 2024: € 3,312 First fiscal year in the series	-
Land & buildings	€ 160 Land & buildings 2022: € 160 First fiscal year in the series	-	-	-
Retained profit	€ -32,893 Retained profit 2022: € -32,893 First fiscal year in the series	€ -35,479 Retained profit 2023: € -35,479 ▼ € 2,586 vs 2022 (€ -32,893) Unfavourable step	€ -28,049 Retained profit 2024: € -28,049 ▲ € 7,430 vs 2023 (€ -35,479) Favourable step	€ -24,126 Retained profit 2025: € -24,126 ▲ € 3,922 vs 2024 (€ -28,049) Favourable step	▲ € 3,922
Bank debt	€ 3,394 Bank debt 2022: € 3,394 First fiscal year in the series	€ 4,331 Bank debt 2023: € 4,331 ▲ 28% vs 2022 (€ 3,394) Unfavourable step	€ 0 Bank debt 2024: € 0 ▼ 100% vs 2023 (€ 4,331) Favourable step	€ 3,303 Bank debt 2025: € 3,303 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 17,308 Balance sheet total 2022: € 17,308 First fiscal year in the series	€ 9,640 Balance sheet total 2023: € 9,640 ▼ 44% vs 2022 (€ 17,308) Unchanged	€ 10,455 Balance sheet total 2024: € 10,455 ▲ 8% vs 2023 (€ 9,640) Unchanged	€ 13,123 Balance sheet total 2025: € 13,123 ▲ 26% vs 2024 (€ 10,455) Unchanged	▲ 26%

Key figures of ETINCEL, 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 ETINCEL?

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

Jul 29, 2026 New annual accounts for financial year 2025: profit of € 3,922 (▼ 47% vs 2024). Source: NBB ↗
Feb 19, 1997 New establishment in Braine-l'Alleud. KBO
Dec 27, 1994 Start of the company according to the CBE. KBO

In short

From € 1,750 profit in 2022 to € 3,922 profit in 2025.

Best year ever: 2024, with € 7,430 profit.

Original PDFs at the National Bank ↗

Establishments

Establishment units

Physical locations of this company

Registered office

Avenue Fructidor 8

1410 Waterloo

2.069.842.418

Avenue Chantecler 37

1420 Braine-l'Alleud

Active since 19 February 1997

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

Details

Company number

0454.158.255

VAT number

BE 0454.158.255

Registered office

Avenue Fructidor 8, 1410 Waterloo

Names & denominations

ETINCEL

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

27 December 1994

Peppol

Active · Active since 20 Nov 2020

Activities · NACE

Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren

Handelsbemiddeling in meubels, huishoudelijke artikelen en ijzerwaren

View on CBE Public ↗ Annual accounts (NBB) ↗