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 3 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Ethernetics from Lierde, company number BE0695667865, closed financial year 2025 with a result of € -572,982 after tax. For that financial year Ethernetics recorded revenue of € 127,265 and equity of € -1 million. Compared with financial year 2024, the result moved from € -942,696 to € -572,982. 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 July 31, 2026.
€ -1 million
▼ € 572,982 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -572,982
▲ 39 % less loss than in 2024
Profit after tax over the fiscal year.
€ 117,920
▲ 188% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.7 million.
People and assets in 2025
€ 622
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.7 million
▲ 37% vs 2024
Loans from banks and other lenders, long and short.
€ 209,961
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 345
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 127,265 | |
| Gross margin | € -518,284 | € -421,929 | € -502,787 | € -95,595 | ▲ € 407,192 |
| Profit after taxes | € -753,409 | € -726,565 | € -942,696 | € -572,982 | ▲ € 369,714 |
| Equity | € -469,652 | € 486,225 | € -456,471 | € -1,029,453 | ▼ € 572,982 |
| Total debts | € 1,379,749 | € 1,354,449 | € 1,722,258 | € 2,114,586 | ▲ 23% |
| Cash | € 62,825 | € 382,372 | € 41,013 | € 117,920 | ▲ 188% |
| Retained profit | € -1,432,186 | € -2,158,751 | € -3,101,447 | € -3,674,429 | ▼ € 572,982 |
| Bank debt | € 921,379 | € 1,047,045 | € 1,268,546 | € 1,741,108 | ▲ 37% |
| Balance sheet total | € 910,097 | € 1,840,674 | € 1,265,787 | € 1,085,133 | ▼ 14% |
Key figures of Ethernetics, 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 Ethernetics?
What happened at Ethernetics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 572,982. Source: NBB ↗
- Lionel Van Dongen became a director. NBB
- New establishment in Brussel. KBO
- François Schaeken-Willemaers became a director. NBB
- New establishment in Lierde. KBO
- Start of the company according to the CBE. KBO
In short
From € 753,409 loss in 2022 to € 572,982 loss in 2025.
Management
The stake of FUTURE GENERATION, DAB-EMBEDDED, Rokkyo, OPEN PIXEL SYSTEMS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EtherneticsBehind Ethernetics are Lionel Van Dongen and François Schaeken-Willemaers. The shares are held by FUTURE GENERATION (55.5%), DAB-EMBEDDED (5.8%), Rokkyo (1.5%) and OPEN PIXEL SYSTEMS.
Directors
According to the 2025 annual accounts
Lionel Van Dongen
Director
since 2025
François Schaeken-Willemaers
Director
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Steenweg 56
9570 Lierde
Kantersteen 12
1000 Brussel
Active since 15 January 2024
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
- 0695.667.865
- VAT number
- BE 0695.667.865
- Registered office
- Steenweg 56, 9570 Lierde
- Names & denominations
- Ethernetics
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 May 2018
- Peppol
- Active · Active since 4 Jul 2025
- Activities · NACE
Overige diensten op het gebied van informatietechnologie en computer