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 34 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 97.1 to 82.6.
Financials
Financial year 2025
ETHNICRAFT from Boom, company number BE0458213251, closed financial year 2025 with a result of € -8.5 million after tax. For that financial year ETHNICRAFT recorded revenue of € 38.8 million and equity of € 6.8 million. Compared with financial year 2024, the result moved from € 1.8 million to € -8.5 million. The company made a loss. The buffer shrank hard: equity is 56 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 6.8 million
▼ 56% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8.5 million
▼ still € 1.8 million profit in 2024
Profit after tax over the fiscal year.
€ 320,373
▲ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6.6 million.
People and assets in 2025
82.6
▼ 12.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.1 million
▼ 4% vs 2024
€ 74,200 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.
€ 126,597
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.2 million
▲ 11% vs 2024
€ 103,636 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 3.1 million
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 33 days on average.
€ 1.5 million
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 48,885,653 | € 40,887,490 | € 39,757,393 | € 38,800,460 | ▼ 2% |
| Profit after taxes | € 3,170,337 | € 1,748,888 | € 1,783,648 | € -8,531,970 | ▼ € 10.3 million |
| Equity | € 11,785,848 | € 13,534,736 | € 15,318,384 | € 6,786,414 | ▼ 56% |
| Total debts | € 10,275,637 | € 7,520,297 | € 12,432,661 | € 15,354,629 | ▲ 24% |
| Cash | € 739,256 | € 896,143 | € 291,981 | € 320,373 | ▲ 10% |
| Retained profit | € 11,635,848 | € 13,384,736 | € 15,168,384 | € 6,636,414 | ▼ 56% |
| Bank debt | € 4,402,562 | € 3,779,939 | € 5,575,157 | € 6,174,317 | ▲ 11% |
| Balance sheet total | € 22,061,485 | € 21,055,033 | € 27,751,045 | € 22,141,043 | ▼ 20% |
| Employees (FTE) | 85.1 | 97.1 | 95.1 | 82.6 | ▼ 12.5 |
Key figures of ETHNICRAFT, 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 ETHNICRAFT?
What happened at ETHNICRAFT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8.5 million (▼ € 10.3 million vs 2024). Source: NBB ↗
- D&L Invest NV became a director. NBB
- New establishment in Boom. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.2 million profit in 2022 to € 8.5 million loss in 2025.
Paid € 2.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 3.2 million profit.
Pays suppliers within 33 days on average.
Management
The stake of D&L INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ETHNICRAFTBehind ETHNICRAFT is D&L Invest NV. The shares are held by D&L INVEST (99.6%).
Directors
According to the 2025 annual accounts
Managing director · represented by Benoit Loos
Also active at: C.A.P.T., live light, Sparkx Sportainment Group, MODERN SHAPES GROUP, STUDIO ETHNICRAFT
since 2024
Shareholders
99.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Scheldeweg 5
2850 Boom
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →live light same network
€ 1.8 million gross margin · 2025
Antwerp Design and Decovalley
D&L INVEST same network
€ 893,118 revenue · 2025
STUDIO ETHNICRAFT same network
€ 1.1 million gross margin · 2025
IMMOCRAFT
€ 508,353 gross margin · 2026
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0458.213.251
- VAT number
- BE 0458.213.251
- Registered office
- Scheldeweg 5, 2850 Boom
- Names & denominations
- ETHNICRAFT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 June 1996
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in huismeubilair
Groothandel in meubels, niet-elektrische huishoudapparaten en vloerbedekking inclusief tapijten
Detailhandel in meubels
Detailhandel in artikelen voor verlichting en woninginrichting
Detailhandel in antiquiteiten
Detailhandel in verlichtingsartikelen
Detailhandel in huismeubilair
Detailhandel in huismeubilair in gespecialiseerde winkels
+1