Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
ETEX BUILDING PERFORMANCE from Willebroek, company number BE0466061145, closed financial year 2025 with a result of € 13.6 million after tax. For that financial year ETEX BUILDING PERFORMANCE recorded revenue of € 145.4 million and equity of € 136.6 million. Compared with financial year 2024, the result moved from € 87.8 million to € 13.6 million. The company is profitable. 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 May 20, 2026.
€ 136.6 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13.6 million
▼ 85% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 126.7 million.
People and assets in 2025
256
▼ 16.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 28.5 million
▲ 1% vs 2024
€ 111,300 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.
€ 510,447
▲ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 125.2 million
▼ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 25.5 million
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 82 days on average.
€ 5.7 million
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 134,232,650 | € 143,132,712 | € 140,419,717 | € 145,432,014 | ▲ 4% |
| Profit after taxes | € 1,063,735 | € 19,665,933 | € 87,760,259 | € 13,599,455 | ▼ 85% |
| Equity | € 108,222,302 | € 108,222,302 | € 122,982,561 | € 136,582,016 | ▲ 11% |
| Total debts | € 152,238,285 | € 169,037,027 | € 168,891,660 | € 158,496,094 | ▼ 6% |
| Retained profit | € 98,295,302 | € 98,295,302 | € 113,055,561 | € 126,655,016 | ▲ 12% |
| Dividend | € 0 | € 19,665,933 | € 73,000,000 | € 0 | ▼ 100% |
| Bank debt | € 128,480,220 | € 125,538,487 | € 126,899,404 | € 125,221,192 | ▼ 1% |
| Balance sheet total | € 261,674,168 | € 278,345,975 | € 292,826,199 | € 296,269,308 | ▲ 1% |
| Employees (FTE) | 269.8 | 265.5 | 272.8 | 256 | ▼ 16.8 |
Key figures of ETEX BUILDING PERFORMANCE, 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 BUILDING PERFORMANCE?
What happened at ETEX BUILDING PERFORMANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Timmy Melotte stepped down as director. NBB
- Vanderborght Tanguy stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 13.6 million (▼ 85% vs 2024). Source: NBB ↗
- Damien Lombart stepped down as director. NBB
- Timmy Melotte became a director. NBB
- Damien Lombart became a director. NBB
- Vanderborght Tanguy became a director. NBB
- New establishment in Zaventem. KBO
In short
From € 1.1 million profit in 2022 to € 13.6 million profit in 2025.
Paid € 8 million in corporate taxes since 2022.
Best year ever: 2024, with € 87.8 million profit.
Paid out € 92.7 million in dividends to the owners in total.
Management
The stake of ETEX comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ETEX BUILDING PERFORMANCEThe shares are held by ETEX (100%). It owns 100% of Promat d.o.o., 100% of Promat Research and Technology Centre, 100% of Promat (UK) Holdings Ltd, 100% of Etex Bulgaria EOOD, 100% of Promat Ibérica S.A. and 100% of Promat UK Ltd itself.
Directors
According to the 2025 annual accounts
Vanderborght Tanguy
Director
since 2023 · until 2029
Damien Lombart
Managing director
since 2024 · until 2025
since 2025 · until 2031
Shareholders
100%
Participations
Promat d.o.o.
100%
Promat (UK) Holdings Ltd
100%
Etex Bulgaria EOOD
100%
Promat Ibérica S.A.
100%
Promat UK Ltd
100%
Promat International Asia Pacific ltd
100%
Promat Japan Corporation
100%
Promat S.p.A.
100%
Promat Inc
100%
99.9%
Promat SRO
98%
Drumarkon International B.V.
82.5%
Promat AG
26%
Etex Building Performance International
15%
Etex Poland SP. Z O.O.
7.9%
Establishments
Establishment units
Physical locations of this company
Bormstraat 24
2830 Willebroek
Luchthaven Brussel Nationaal 1K
1930 Zaventem
Active since 1 July 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.061.145
- VAT number
- BE 0466.061.145
- Registered office
- Bormstraat 24, 2830 Willebroek
- Names & denominations
- ETEX BUILDING PERFORMANCE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 May 1999
- Peppol
- Active · Active since 30 Sept 2025
- Activities · NACE
Vervaardiging van producten van vezelcement
Vervaardiging van artikelen van beton voor de bouw
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Groothandel in bouwmaterialen, algemeen assortiment