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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
Financials
Financial year 2025
ETECH from Bernissart, company number BE0466922465, closed financial year 2025 with a result of € 89,898 after tax. For that financial year ETECH recorded a gross margin of € 756,226 and equity of € -48,271. Compared with financial year 2024, the result moved from € -819,053 to € 89,898. Profitable, and profit is growing. 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 August 18, 2026.
€ -48,271
▲ € 989,898 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 89,898
▲ still € 819,053 loss in 2024
Profit after tax over the fiscal year.
€ 61,713
▼ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -969,171.
People and assets in 2025
11.3
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 896,636
▲ 7% vs 2024
€ 79,300 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.
€ 19,024
▲ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 842,387
▼ 16% vs 2024
€ 160,965 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.7 million
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 83,125
▼ 40% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,189,792 | € 393,528 | € 555,218 | € 756,226 | ▲ 36% |
| Profit after taxes | € 164,564 | € -642,508 | € -819,053 | € 89,898 | ▲ € 908,951 |
| Equity | € 423,392 | € -219,116 | € -1,038,169 | € -48,271 | ▲ € 989,898 |
| Total debts | € 2,887,228 | € 2,995,830 | € 4,087,129 | € 2,973,425 | ▼ 27% |
| Cash | € 282,218 | € 77,849 | € 296,435 | € 61,713 | ▼ 79% |
| Retained profit | € 404,392 | € -240,016 | € -1,059,069 | € -969,171 | ▲ € 89,898 |
| Bank debt | € 644,678 | € 716,526 | € 999,485 | € 842,387 | ▼ 16% |
| Balance sheet total | € 3,310,620 | € 2,776,714 | € 3,466,072 | € 2,950,783 | ▼ 15% |
| Employees (FTE) | 11.8 | 11.4 | 10.8 | 11.3 | ▲ 0.5 |
Key figures of ETECH, 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 ETECH?
What happened at ETECH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 89,898. filed late Source: NBB ↗
- Hainaut Technologies SA became a director. NBB
- New establishment in Bernissart. KBO
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 164,564 profit in 2022 to € 89,898 profit in 2025.
Paid € 51,362 in corporate taxes since 2022.
Best year ever: 2022, with € 164,564 profit.
On average € 66,900 of value added per employee in 2025.
Management
The stake of HIVAG, Hainaut Technologies comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ETECHBehind ETECH is Hainaut Technologies SA. The shares are held by HIVAG (100%) and Hainaut Technologies (75.6%).
Directors
According to the 2025 annual accounts
since 2025
Shareholders
100%
75.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Buissonnet(HAR) 63
7321 Bernissart
Chemin de la Vieille-Cour 63
1400 Nivelles
Active since 26 October 1999
Rue du Calvaire(HAR) 22 box B
7321 Bernissart
Active since 1 April 2009
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0466.922.465
- VAT number
- BE 0466.922.465
- Registered office
- Rue Buissonnet(HAR) 63, 7321 Bernissart
- Names & denominations
- ETECH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 September 1999
- Peppol
- Active · Active since 1 Jan 2001
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