Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 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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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ETUDE TRANSPORT INTERNATIONAL from Ukkel, company number BE0869473851, closed financial year 2025 with a result of € -7,608 after tax. For that financial year ETUDE TRANSPORT INTERNATIONAL recorded a gross margin of € 311,659 and equity of € -1.1 million. Compared with financial year 2024, the result moved from € -123,306 to € -7,608. 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 June 24, 2026.
€ -1.1 million
▼ € 7,608 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,608
▲ 94 % less loss than in 2024
Profit after tax over the fiscal year.
€ 95,629
▲ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
People and assets in 2025
€ 62,541
▲ 4% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,175
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▼ 10% vs 2024
€ 132,007 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 25,725
▲ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,480
▲ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 313,827 | € 283,551 | € 240,148 | € 311,659 | ▲ 30% |
| Profit after taxes | € 102,752 | € -27,128 | € -123,306 | € -7,608 | ▲ € 115,698 |
| Equity | € -910,451 | € -937,578 | € -1,060,885 | € -1,068,493 | ▼ € 7,608 |
| Total debts | € 4,176,192 | € 4,134,008 | € 4,033,331 | € 3,983,355 | ▼ 1% |
| Cash | € 470,830 | € 160,224 | € 61,970 | € 95,629 | ▲ 54% |
| Land & buildings | € 2,646,911 | € 2,558,540 | € 2,472,039 | € 2,373,595 | ▼ 4% |
| Retained profit | € -971,951 | € -999,078 | € -1,122,385 | € -1,129,993 | ▼ € 7,608 |
| Bank debt | € 1,560,020 | € 1,436,437 | € 1,310,107 | € 1,180,970 | ▼ 10% |
| Balance sheet total | € 3,265,741 | € 3,196,430 | € 2,972,447 | € 2,914,862 | ▼ 2% |
| Employees (FTE) | - | - | 1 | - |
Key figures of ETUDE TRANSPORT INTERNATIONAL, 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 ETUDE TRANSPORT INTERNATIONAL?
What happened at ETUDE TRANSPORT INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vanina FABIANI stepped down as director. NBB
- Jacques FABIANI stepped down as director. NBB
- JC FINVEST SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 7,608. Source: NBB ↗
- MUSESTREIZE SA stepped down as director. NBB
- Vanina FABIANI became a director. NBB
- Jacques FABIANI became a director. NBB
- New establishment in Elsene. KBO
In short
From € 102,752 profit in 2022 to € 7,608 loss in 2025.
Paid € 664 in corporate taxes since 2022.
Best year ever: 2022, with € 102,752 profit.
On average € 240,100 of value added per employee in 2024.
A new publication or filing at ETUDE TRANSPORT INTERNATIONAL? 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
The stake of JC-FINVEST, MUSESTREIZE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ETUDE TRANSPORT INTERNATIONALThe shares are held by JC-FINVEST (50%) and MUSESTREIZE (50%).
Directors
According to the 2025 annual accounts
Managing director · represented by Jean-Luc Vanhoutte
Also active at: HOMELOG, Laetit-B, Waterlol, JC-FINVEST, VISIO PRODUCTIONS, VERSA\VERSA, MONALIZA
since 2013 · until 2026
since 2026 · until 2031
since 2026 · until 2031
Director · represented by Jean-Claude FABIANI
since 2013 · until 2031
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hamoirlaan 39 box A
1180 Ukkel
Livornostraat 97A
1050 Elsene
Active since 1 October 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →J&J GROUP
€ -3,770 gross margin · 2024
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€ -5,432 gross margin · 2025
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€ -14,962 gross margin · 2025
FDB PARTNERS
€ 529,586 gross margin · 2025
GALAX Inc.
€ 211,894 gross margin · 2024
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0869.473.851
- VAT number
- BE 0869.473.851
- Registered office
- Hamoirlaan 39 bus A, 1180 Ukkel
- Names & denominations
- ETUDE TRANSPORT INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 October 2004
- Peppol
- Active · Active since 14 May 2025
- Activities · NACE
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Vakantieverblijven en andere accommodatie voor kort verblijf, neg
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van terreinen
Handel in eigen onroerend goed