Financials
Financial year 2026
Ethlinn from Damme, company number BE0838187193, closed financial year 2026 with a result of € 74,189 after tax. For that financial year Ethlinn recorded a gross margin of € 119,573 and equity of € 407,022. Compared with financial year 2025, the result moved from € 93,677 to € 74,189. The company is profitable. 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 October 30, 2026.
€ 407,022
▲ 21% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 74,189
▼ 21% vs 2025
Profit after tax over the fiscal year.
€ 4,168
▼ 83% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 4,500 paid out
6 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2026
€ 18,542
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9
▼ 97% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 101,035
€ 19,248 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 75,890
▲ 215% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 24,769
▼ 62% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 104,315 | € 139,590 | € 132,206 | € 119,573 | ▼ 10% |
| Profit after taxes | € 86,528 | € 87,401 | € 93,677 | € 74,189 | ▼ 21% |
| Equity | € 156,256 | € 243,656 | € 337,333 | € 407,022 | ▲ 21% |
| Total debts | € 76,868 | € 86,295 | € 89,620 | € 206,195 | ▲ 130% |
| Cash | € 15,565 | € 10 | € 23,998 | € 4,168 | ▼ 83% |
| Retained profit | € 81,256 | € 168,656 | € 262,333 | € 332,022 | ▲ 27% |
| Dividend | € 0 | € 0 | € 0 | € 4,500 | |
| Bank debt | € 0 | € 2,390 | € 0 | € 101,035 | |
| Balance sheet total | € 233,124 | € 329,951 | € 426,953 | € 613,217 | ▲ 44% |
Key figures of Ethlinn, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Ethlinn?
What happened at Ethlinn in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 74,189 (▼ 21% vs 2025). Source: NBB ↗
- New establishment in Damme. KBO
- Start of the company according to the CBE. KBO
- Xavier BOURGOIS became a director. NBB
In short
From € 86,528 profit in 2023 to € 74,189 profit in 2026.
Paid € 134,978 in corporate taxes since 2023.
Best year ever: 2025, with € 93,677 profit.
Paid out € 4,500 in dividends to the owners in total.
Management
Behind Ethlinn is Xavier BOURGOIS.
Directors
According to the 2026 annual accounts
Xavier BOURGOIS
Director
since 2011
Establishments
Establishment units
Physical locations of this company
Legeweg 29
8340 Damme
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0838.187.193
- VAT number
- BE 0838.187.193
- Registered office
- Legeweg 29, 8340 Damme
- Names & denominations
- Ethlinn
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 July 2011
- Peppol
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