ETHICAL DYNAMICS
ActiveSummary
ETHICAL DYNAMICS has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €5k. Its solvency ranks better than 69% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-20
Solvency100▲+1
Growth52
Track record82
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 4.11 against 3.67 in 2024; short-term debt: 23.6% and cash: 0.9% of total assets), and 23.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.4%
Return on assets
9.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-05-2026, 86 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
86 d early
2024
67 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▲ 13.8%
2024 · €36k
2024: €36k
2025: €41k▲ +13.8% vs 2024
2024 → 2025
Total assets
€54k▲ 10.6%
2024 · €49k
2024: €49k
2025: €54k▲ +10.6% vs 2024
2024 → 2025
Net result
€5k▼ 85.1%
2024 · €34k
2024: €34k
2025: €5k▼ -85.1% vs 2024
2024 → 2025
Working capital
€39k▲ 17.8%
2024 · €33k
2024: €33k
2025: €39k▲ +17.8% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€36k-€41k▲ 13.8%
2024: €36k
2025: €41k▲ +13.8% vs 2024
Operating result€43k-€5k▼ 87.8%
2024: €43k
2025: €5k▼ -87.8% vs 2024
Net result€34k-€5k▼ 85.1%
2024: €34k
2025: €5k▼ -85.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 88% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54k
Fixed assets
€2k ▼ 35.5%
Current assets
€52k ▲ 13.3%
Equity and liabilities €54k
Equity
€41k ▲ 13.8%
Debt
€13k ▲ 1.1%
Debt's share of the balance-sheet total falls from 25.8% to 23.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▼
2024 · €43k
Cash flow
€6k▼
2024 · €34k
Current ratio
4.11▲
2024 · 3.67
Debt to equity
0.31▼
2024 · 0.35
ROE
12.2%▼
2024 · 93.1%
ROA
9.3%▼
2024 · 69.1%
Interest coverage
153.00▼
2024 · 1066.24
Debt ≤ 1 year
€13k▲
2024 · €12k
Income taxes
€2k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€49k€54k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€46k€52k▲
Amounts receivable within one year40/41€44k€51k▲
Trade receivables40€22k-
Other amounts receivable41€22k€51k▲
Cash at bank and in hand54/58€2k€480▼
Equity and liabilities
Total equity and liabilities10/49€49k€54k▲
Equity10/15€36k€41k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€34k€38k▲
Amounts payable17/49€12k€13k▲
Amounts payable within one year42/48€12k€13k▲
Trade debts44€2k€10k▲
Suppliers440/4€2k€10k▲
Taxes, remuneration and social security45€10k€2k▼
Taxes450/3€10k€2k▼
Remuneration and social security454/9€593-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€175€958▲
Other operating charges640/8€292€127▼
Gross operating margin9900€43k€6k▼
Operating profit (loss)9901€43k€5k▼
Financial income75/76B€616€2k▲
Recurring financial income75€616€2k▲
Financial charges65/66B€40€40▲
Recurring financial charges65€40€40▲
Profit (loss) for the period before taxes9903€43k€7k▼
Income taxes67/77€10k€2k▼
Profit (loss) for the period9904€34k€5k▼
Profit (loss) for the period to be appropriated9905€34k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€38k▲
Profit (loss) brought forward from the previous period14P-€34k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €175 | €958 | ▲ 446% |
| Other operating charges640/8 | €292 | €127 | ▼ 56.6% |
| Gross operating margin9900 | €43k | €6k | ▼ 85.4% |
| Operating profit (loss)9901 | €43k | €5k | ▼ 87.8% |
| Financial income75/76B | €616 | €2k | ▲ 215% |
| Recurring financial income75 | €616 | €2k | ▲ 215% |
| Financial charges65/66B | €40 | €40 | ▲ 0.4% |
| Recurring financial charges65 | €40 | €40 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €43k | €7k | ▼ 83.6% |
| Income taxes67/77 | €10k | €2k | ▼ 78.2% |
| Profit (loss) for the period9904 | €34k | €5k | ▼ 85.1% |
| Profit (loss) for the period to be appropriated9905 | €34k | €5k | ▼ 85.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €49k | €54k | ▲ 10.6% |
| Fixed assets21/28 | €3k | €2k | ▼ 35.5% |
| Tangible fixed assets22/27 | €3k | €2k | ▼ 35.5% |
| Furniture and vehicles24 | €3k | €2k | ▼ 35.5% |
| Current assets29/58 | €46k | €52k | ▲ 13.3% |
| Amounts receivable within one year40/41 | €44k | €51k | ▲ 17.2% |
| Trade receivables40 | €22k | - | - |
| Other amounts receivable41 | €22k | €51k | ▲ 137% |
| Cash at bank and in hand54/58 | €2k | €480 | ▼ 75.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €49k | €54k | ▲ 10.6% |
| Equity10/15 | €36k | €41k | ▲ 13.8% |
| Contributions10/11 | €3k | €3k | = |
| Profit (loss) carried forward14 | €34k | €38k | ▲ 14.9% |
| Amounts payable17/49 | €12k | €13k | ▲ 1.1% |
| Amounts payable within one year42/48 | €12k | €13k | ▲ 1.1% |
| Trade debts44 | €2k | €10k | ▲ 400% |
| Suppliers440/4 | €2k | €10k | ▲ 400% |
| Taxes, remuneration and social security45 | €10k | €2k | ▼ 79.4% |
| Taxes450/3 | €10k | €2k | ▼ 78.2% |
| Remuneration and social security454/9 | €593 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €5k | ▼ 85.1% |
| + Depreciation and write-downs630 | €175 | €958 | ▲ 446% |
| Operating cash flow (approximation) | €34k | €6k | ▼ 82.4% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €-1k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2024
Ground area
264 m²
Building footprint
106 m²
Volume, LiDAR
1,000 m³
Parcel 21019A0148/00W003, Brussels · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ETHICAL DYNAMICS
since 20242.358.808.782
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0148/00W003 | Brussels | 264 m² | 1 · 106 m² | 14.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,010 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.