Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
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
ETHIMMO from Kortrijk, company number BE0873551514, closed financial year 2025 with a result of € -27,482 after tax. For that financial year ETHIMMO recorded a gross margin of € 112,711 and equity of € 507,911. Compared with financial year 2024, the result moved from € -24,605 to € -27,482. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 507,911
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -27,482
▼ 12 % more loss than in 2024
Profit after tax over the fiscal year.
€ 63,945
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 287,538.
Debts at end 2025
€ 1.8 million
▲ 2% vs 2024
€ 55,527 is repaid this year. At this pace the long-term loan is gone in ≈ 33 years.
€ 38,221
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 102,363 | € 96,197 | - | - | |
| Gross margin | € 176,737 | € 485,896 | € 118,404 | € 112,711 | ▼ 5% |
| Profit after taxes | € 47,026 | € 269,029 | € -24,605 | € -27,482 | ▼ € 2,877 |
| Equity | € 324,717 | € 588,413 | € 540,725 | € 507,911 | ▼ 6% |
| Total debts | € 1,494,352 | € 1,815,181 | € 1,871,218 | € 1,900,512 | ▲ 2% |
| Cash | € 37,479 | € 196,906 | € 207,961 | € 63,945 | ▼ 69% |
| Land & buildings | € 1,597,961 | € 1,713,777 | € 2,333,510 | € 2,472,280 | ▲ 6% |
| Retained profit | € 70,596 | € 339,625 | € 315,020 | € 287,538 | ▼ 9% |
| Bank debt | € 1,378,701 | € 1,719,536 | € 1,785,729 | € 1,829,281 | ▲ 2% |
| Balance sheet total | € 1,857,205 | € 2,542,874 | € 2,547,693 | € 2,539,598 |
Key figures of ETHIMMO, 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 ETHIMMO?
What happened at ETHIMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 27,482. Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 47,026 profit in 2022 to € 27,482 loss in 2025.
Best year ever: 2023, with € 269,029 profit.
A new publication or filing at ETHIMMO? 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 CLARUS, Hefboom, BERM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ETHIMMOBehind ETHIMMO are De poort vzw voor wonen en werk VZW, Constructief VZW, Zusters van de Bermhertigheid Jesu VZW, Hefboom CV, Patriwesol BV and ACS Group BV. The shares are held by CLARUS (20%), Hefboom (13%) and BERM.
Directors
According to the 2025 annual accounts
Director · represented by Piet Callens
Also active at: BEDRIJVENCENTRUM DE PUNT, TRIVIDEND - VLAAMS PARTICIPATIEFONDS VOOR DE SOCIALE ECONOMIE, FEDERATION EUROPEENNE DE FINANCES ET BANQUES ETHIQUES ET ALTERNATIVES, TAMA EUROPEAN COOPERATIVE, De Landgenoten, De Landgenoten, COLLECTIEF.coop, WIND VOOR "A" +5 more
Director · represented by Gaëlle Beeusaert
Director · represented by Geert Dauwe
Director · represented by Rik Desmet
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Spinnerijstraat(Kor) 107
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →KANAAL 127
€ 67,146 gross margin · 2025
KARWEIBEDRIJF
CLARUS same network
€ 851,810 gross margin · 2025
Twins Garage
Starterslabo West-Vlaanderen
€ 425,547 gross margin · 2025
+1 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
- 0873.551.514
- VAT number
- BE 0873.551.514
- Registered office
- Spinnerijstraat(Kor) 107, 8500 Kortrijk
- Names & denominations
- ETHIMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Coöperatieve vennootschap met beperkte aansprakelijkheid met een sociaal oogmerk
- Legal situation
- Normale toestand
- Start date
- 29 April 2005
- Peppol
- Active · Active since 14 Dec 2025