Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2023, 2024.
Financials
Financial year 2024
ETSB from Ukkel, company number BE0748883352, closed financial year 2024 with a result of € 155,174 after tax. For that financial year ETSB recorded a gross margin of € 449,248 and equity of € 209,681. Compared with financial year 2023, the result moved from € 89,930 to € 155,174. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 31, 2025.
€ 209,681
▼ 18% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 155,174
▲ 73% vs 2023
Profit after tax over the fiscal year.
€ 154,080
▼ 33% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 200,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
€ 2,132
▲ 293% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 14,728
▼ 12% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 756,835
▲ 128% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 47,193
▲ 14% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 75,007 | - | € 356,697 | € 449,248 | ▲ 26% |
| Profit after taxes | € 22,544 | € 0 | € 89,930 | € 155,174 | ▲ 73% |
| Equity | € 28,544 | € 28,544 | € 254,507 | € 209,681 | ▼ 18% |
| Total debts | € 288,557 | € 288,557 | € 378,310 | € 804,227 | ▲ 113% |
| Cash | € 106,489 | € 106,489 | € 231,245 | € 154,080 | ▼ 33% |
| Retained profit | € 22,544 | € 22,544 | € 248,507 | € 203,681 | ▼ 18% |
| Dividend | € 0 | € 0 | € 0 | € 200,000 | |
| Bank debt | € 0 | € 0 | € 5,071 | € 0 | ▼ 100% |
| Balance sheet total | € 317,101 | € 317,101 | € 632,816 | € 1,013,909 | ▲ 60% |
Key figures of ETSB, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ETSB?
What happened at ETSB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2024. filed late Source: NBB ↗
- New establishment in Ukkel. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,544 profit in 2021 to € 155,174 profit in 2024.
Paid € 67,021 in corporate taxes since 2021.
Best year ever: 2024, with € 155,174 profit.
Paid out € 200,000 in dividends to the owners in total.
A new publication or filing at ETSB? We notify you, reason included.
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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
Behind ETSB are ADRIAN RATIU, CHRISTIAN VAN PESTEL and ADRIAN MARINESCU.
Directors
According to the 2024 annual accounts
ADRIAN RATIU
Director
CHRISTIAN VAN PESTEL
Director
ADRIAN MARINESCU
Director
Establishments
Establishment units
Physical locations of this company
Vanderkinderestraat 18
1180 Ukkel
Vanderkinderestraat 20
1180 Ukkel
Active since 2 July 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0748.883.352
- VAT number
- BE 0748.883.352
- Registered office
- Vanderkinderestraat 18, 1180 Ukkel
- Names & denominations
- ETSB
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 2020
- Peppol
- Active · Active since 13 Jan 2026
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