Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 10.5 to 5.7.
Financials
Financial year 2025
ETT DISTRIBUTION from Gent, company number BE0677702574, closed financial year 2025 with a result of € -359,883 after tax. For that financial year ETT DISTRIBUTION recorded revenue of € 567,033 and equity of € -1.2 million. Compared with financial year 2024, the result moved from € -1.9 million to € -359,883. The company made a loss. 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 May 22, 2026.
€ -1.2 million
▼ € 359,883 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -359,883
▲ 81 % less loss than in 2024
Profit after tax over the fiscal year.
€ 12,932
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2025
5.7
▼ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 462,717
▼ 59% vs 2024
€ 81,200 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.
€ 2,208
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▼ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 183,685
▼ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 347,044
▲ 91% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 149,098,532 | € 40,231,130 | € 26,279,490 | € 567,033 | ▼ 98% |
| Gross margin | € 3,663,232 | € 575,771 | € -502,528 | € 129,203 | ▲ € 631,731 |
| Profit after taxes | € 744,011 | € 10,156 | € -1,856,225 | € -359,883 | ▲ € 1.5 million |
| Equity | € 1,004,771 | € 1,014,927 | € -841,298 | € -1,201,181 | ▼ € 359,883 |
| Total debts | € 1,236,887 | € 1,291,551 | € 1,839,894 | € 1,720,069 | ▼ 7% |
| Cash | € 210,550 | € 490,019 | € 12,989 | € 12,932 | |
| Retained profit | € 808,728 | € 818,884 | € -1,037,341 | € -1,397,224 | ▼ € 359,883 |
| Bank debt | € 0 | € 0 | € 1,259,273 | € 1,187,672 | ▼ 6% |
| Balance sheet total | € 2,845,658 | € 2,428,843 | € 1,038,597 | € 543,888 | ▼ 48% |
| Employees (FTE) | 14 | 10.5 | 8.9 | 5.7 | ▼ 3.2 |
Key figures of ETT DISTRIBUTION, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to ETT DISTRIBUTION?
What happened at ETT DISTRIBUTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 359,883. filed late Source: NBB ↗
- Tom De Geetere became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 744,011 profit in 2021 to € 359,883 loss in 2025.
Paid € 383,284 in corporate taxes since 2021.
Best year ever: 2021, with € 744,011 profit.
On average € 22,700 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of TIMELESS VALUE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ETT DISTRIBUTIONBehind ETT DISTRIBUTION is Tom De Geetere. The shares are held by TIMELESS VALUE.
Directors
According to the 2025 annual accounts
since 2021
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Booiebos 24
9031 Gent
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
- 0677.702.574
- VAT number
- BE 0677.702.574
- Registered office
- Booiebos 24, 9031 Gent
- Names & denominations
- ETT DISTRIBUTION · ETT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 2017
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
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