Financials
Financial year 2025
E-Therm from Pajottegem, company number BE0527961694, closed financial year 2025 with a result of € 116,547 after tax. For that financial year E-Therm recorded a gross margin of € 402,369 and equity of € 827,568. Compared with financial year 2024, the result moved from € 69,284 to € 116,547. 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 September 30, 2026.
€ 827,568
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 116,547
▲ 68% vs 2024
Profit after tax over the fiscal year.
€ 456,760
▲ 33% 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 € 809,018.
People and assets in 2025
2.4
Average over the fiscal year, from the social balance sheet.
€ 136,529
▲ 10% vs 2024
€ 56,900 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.
€ 85,896
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 332,429
▼ 12% vs 2024
€ 58,754 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 12,171
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 56,681
▲ 27% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 260,457 | € 357,634 | € 320,323 | € 402,369 | ▲ 26% |
| Profit after taxes | € 73,790 | € 90,175 | € 69,284 | € 116,547 | ▲ 68% |
| Equity | € 631,928 | € 722,103 | € 711,021 | € 827,568 | ▲ 16% |
| Total debts | € 693,049 | € 641,698 | € 620,483 | € 552,928 | ▼ 11% |
| Cash | € 182,793 | € 313,194 | € 342,703 | € 456,760 | ▲ 33% |
| Land & buildings | € 477,596 | € 451,825 | € 426,054 | € 400,283 | ▼ 6% |
| Retained profit | € 613,378 | € 703,553 | € 692,471 | € 809,018 | ▲ 17% |
| Dividend | € 0 | € 0 | € 80,366 | € 0 | ▼ 100% |
| Bank debt | € 478,986 | € 417,957 | € 376,103 | € 332,429 | ▼ 12% |
| Balance sheet total | € 1,324,977 | € 1,363,801 | € 1,331,504 | € 1,380,496 | ▲ 4% |
| Employees (FTE) | 2 | 2.3 | 0 | 2.4 |
Key figures of E-Therm, 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 E-Therm?
What happened at E-Therm in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 116,547 (▲ 68% vs 2024). filed late Source: NBB ↗
- New establishment in Pajottegem. KBO
- New establishment in Pajottegem. KBO
- New establishment in Pajottegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 73,790 profit in 2022 to € 116,547 profit in 2025.
Paid € 146,990 in corporate taxes since 2022.
Best year ever: 2025, with € 116,547 profit.
On average € 167,700 of value added per employee in 2025.
Management
Behind E-Therm are Bart Ellast and Mario Ellast. The shares are held by Bart Ellast and Mario Ellast.
Directors
According to the 2025 annual accounts
Bart Ellast
Director
Is a shareholder
Mario Ellast
Director
Is a shareholder
Shareholders
Bart Ellast · director
Mario Ellast · director
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hernestraat 45A
1570 Pajottegem
Vollezeelsesteenweg 39
1570 Pajottegem
Active since 29 June 2016
Hernestraat 43
1570 Pajottegem
Active since 1 October 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Website info
Features
Security
Network
Details
- Company number
- 0527.961.694
- VAT number
- BE 0527.961.694
- Registered office
- Hernestraat 45A, 1570 Pajottegem
- Names & denominations
- E-Therm
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 April 2013
- Peppol
- Active · Active since 20 Mar 2025
- Contact
- etherm.be [email protected] +3254699960
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Activiteiten van webportalen
Webportalen
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Elektrotechnische installatiewerken van nijverheidsinrichtingen
Catering van evenementen
Overige dienstverlenende activiteiten op het gebied van informatie
Sanitaire werkzaamheden
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