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 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ETIMAR from Liedekerke, company number BE0479728247, closed financial year 2025 with a result of € 745,321 after tax. For that financial year ETIMAR recorded a gross margin of € -5,005 and equity of € 3.9 million. Compared with financial year 2024, the result moved from € 382,265 to € 745,321. 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 June 8, 2026.
€ 3.9 million
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 745,321
▲ 95% vs 2024
Profit after tax over the fiscal year.
€ 104,520
▲ 256% 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 € 3.9 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 167,062
▼ 30% vs 2024
€ 70,000 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 7,496
Supplier invoices still open on the last day of the fiscal year.
€ 34,140
▼ 11% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -48,547 | € 663,920 | € -24,758 | € -5,005 | ▲ € 19,754 |
| Profit after taxes | € -567,589 | € 803,083 | € 382,265 | € 745,321 | ▲ 95% |
| Equity | € 2,655,140 | € 3,458,224 | € 3,158,977 | € 3,904,298 | ▲ 24% |
| Total debts | € 4,368,153 | € 4,124,008 | € 4,978,074 | € 4,757,287 | ▼ 4% |
| Cash | € 194,056 | € 49,714 | € 29,372 | € 104,520 | ▲ 256% |
| Land & buildings | € 1,670,194 | € 1,298,039 | € 1,356,223 | € 1,334,165 | ▼ 2% |
| Retained profit | € 2,635,140 | € 3,438,224 | € 3,138,977 | € 3,884,298 | ▲ 24% |
| Dividend | € 0 | € 0 | € 681,512 | € 0 | ▼ 100% |
| Bank debt | € 641,037 | € 339,665 | € 238,571 | € 167,062 | ▼ 30% |
| Balance sheet total | € 7,023,293 | € 7,582,231 | € 8,137,051 | € 8,661,585 | ▲ 6% |
Key figures of ETIMAR, 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 ETIMAR?
What happened at ETIMAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 745,321 (▲ 95% vs 2024). Source: NBB ↗
- Etienne Schouppe became a director. NBB
- Maria Van den Bossche became a director. NBB
- New establishment in Liedekerke. KBO
- Start of the company according to the CBE. KBO
In short
From € 567,589 loss in 2022 to € 745,321 profit in 2025.
Paid € 604,638 in corporate taxes since 2022.
Best year ever: 2023, with € 803,083 profit.
Paid out € 681,512 in dividends to the owners in total.
Management
Behind ETIMAR are Etienne Schouppe and Maria Van den Bossche. Etienne Schouppe is also behind WEGENIS- EN RIOLERINGSWERKEN DE DENDER, GEBOUWEN DE DENDER, Creat, Creat Services and SCHOUPPE PIETER JAN. Maria Van den Bossche is also behind MARETI.
Directors
According to the 2025 annual accounts
Etienne Schouppe
Director
Also active at: WEGENIS- EN RIOLERINGSWERKEN DE DENDER, GEBOUWEN DE DENDER, Creat, Creat Services, SCHOUPPE PIETER JAN, Caisse de Retraite des Sénateurs, Plant A Flag
since 2011
since 2008
Establishments
Establishment units
Physical locations of this company
Kerselarenlaan 17
1770 Liedekerke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0479.728.247
- VAT number
- BE 0479.728.247
- Registered office
- Kerselarenlaan 17, 1770 Liedekerke
- Names & denominations
- ETIMAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 March 2003
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
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