ETHICARE
ActiveSummary
ETHICARE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €-2k. Equity is shrinking by ~11.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-18
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
cash: 97.5% of total assets, and 0% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
100%
Return on assets
-10.6%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
31 d early
2022
29 d early
2021
32 d early
2020
5 d early
2019
16 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▼ 9.6%
2024 · €21k
2019: €46khighest in 7 years
2020: €46k▼ -1.6% vs 2019
2021: €43k▼ -4.7% vs 2020
2022: €43k▼ -1.4% vs 2021
2023: €22k▼ -49.1% vs 2022
2024: €21k▼ -3.2% vs 2023
2025: €19k▼ -9.6% vs 2024lowest in 7 years
2019 → 2025
Total assets
€19k▼ 11.6%
2024 · €22k
2019: €47khighest in 7 years
2020: €46k▼ -1.9% vs 2019
2021: €44k▼ -5.8% vs 2020
2022: €44k▼ -0.2% vs 2021
2023: €22k▼ -50.0% vs 2022
2024: €22k▼ -1.0% vs 2023
2025: €19k▼ -11.6% vs 2024lowest in 7 years
2019 → 2025
Net result
€-2k▼ 189%
2024 · €-699
2019: €-585highest in 7 years
2020: €-726▼ -24.1% vs 2019
2021: €-2k▼ -193% vs 2020lowest in 7 years
2022: €-597▲ +72.0% vs 2021
2023: €-1k▼ -73.8% vs 2022
2024: €-699▲ +32.6% vs 2023
2025: €-2k▼ -189% vs 2024
2019 → 2025
Working capital
€21k▼ 50.7%
2022 · €43k
2019: €46khighest value
2020: €46k▼ -1.6% vs 2019
2021: €43k▼ -4.7% vs 2020
2022: €43k▼ -1.4% vs 2021
2024: €21klowest value
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€43k▼ 1.4%€22k▼ 49.1%€21k▼ 3.2%€19k▼ 9.6%
2021: €43khighest in 5 years
2022: €43k▼ -1.4% vs 2021
2023: €22k▼ -49.1% vs 2022
2024: €21k▼ -3.2% vs 2023
2025: €19k▼ -9.6% vs 2024lowest in 5 years
Operating result€-1k-€-455▲ 65.2%€-786▼ 72.8%€-486▲ 38.1%€-2k▼ 269%
2021: €-1k
2022: €-455▲ +65.2% vs 2021highest in 5 years
2023: €-786▼ -72.8% vs 2022
2024: €-486▲ +38.1% vs 2023
2025: €-2k▼ -269% vs 2024lowest in 5 years
Net result€-2k-€-597▲ 72.0%€-1k▼ 73.8%€-699▲ 32.6%€-2k▼ 189%
2021: €-2klowest in 5 years
2022: €-597▲ +72.0% vs 2021highest in 5 years
2023: €-1k▼ -73.8% vs 2022
2024: €-699▲ +32.6% vs 2023
2025: €-2k▼ -189% 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 stays negative: a loss of €2k in 2025 against €486 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Solvency
100.0%▲
2024 · 97.8%
ROE
-10.6%▼
2024 · -3.3%
ROA
-10.6%▼
2024 · -3.2%
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 · 26 lines
Balance sheet
Code20242025
Assets
Total assets20/58€22k€19k▼
Current assets29/58€22k€19k▼
Amounts receivable within one year40/41€391€471▲
Other amounts receivable41€391€471▲
Cash at bank and in hand54/58€21k€19k▼
Equity and liabilities
Total equity and liabilities10/49€22k€19k▼
Equity10/15€21k€19k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€679€-1k▼
Amounts payable17/49€486-
Amounts payable within one year42/48€486-
Trade debts44€486-
Suppliers440/4€486-
Income statement
Code20242025
Other operating charges640/8€423€387▼
Gross operating margin9900€-64€-1k▼
Operating profit (loss)9901€-486€-2k▼
Financial charges65/66B€212€224▲
Recurring financial charges65€212€224▲
Profit (loss) for the period before taxes9903€-699€-2k▼
Profit (loss) for the period9904€-699€-2k▼
Profit (loss) for the period to be appropriated9905€-699€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€679€-1k▼
Profit (loss) brought forward from the previous period14P€1k€679▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €723 | €423 | €387 | ▼ 8.4% |
| Gross operating margin9900 | €-961 | €-455 | €-64 | €-64 | €-1k | ▼ 2,116% |
| Operating profit (loss)9901 | €-1k | €-455 | €-786 | €-486 | €-2k | ▼ 269% |
| Financial income75/76B | - | €46 | - | - | - | - |
| Recurring financial income75 | - | €46 | - | - | - | - |
| Financial charges65/66B | - | €188 | €251 | €212 | €224 | ▲ 5.5% |
| Recurring financial charges65 | €818 | €188 | €251 | €212 | €224 | ▲ 5.5% |
| Profit (loss) for the period before taxes9903 | €-2k | €-597 | €-1k | €-699 | €-2k | ▼ 189% |
| Profit (loss) for the period9904 | €-2k | €-597 | €-1k | €-699 | €-2k | ▼ 189% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-597 | €-1k | €-699 | €-2k | ▼ 189% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44k | €44k | €22k | €22k | €19k | ▼ 11.6% |
| Current assets29/58 | €44k | €44k | €22k | €22k | €19k | ▼ 11.6% |
| Amounts receivable within one year40/41 | €12k | €785 | €377 | €391 | €471 | ▲ 20.3% |
| Other amounts receivable41 | - | €785 | €377 | €391 | €471 | ▲ 20.3% |
| Cash at bank and in hand54/58 | €32k | €43k | €21k | €21k | €19k | ▼ 12.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44k | €44k | €22k | €22k | €19k | ▼ 11.6% |
| Equity10/15 | €43k | €43k | €22k | €21k | €19k | ▼ 9.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €23k | €22k | €1k | €679 | €-1k | ▼ 298% |
| Amounts payable17/49 | €288 | €781 | - | €486 | - | - |
| Amounts payable within one year42/48 | €288 | €781 | - | €486 | - | - |
| Trade debts44 | €288 | €781 | - | €486 | - | - |
| Suppliers440/4 | - | €781 | - | €486 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-597 | €-1k | €-699 | €-2k | ▼ 189% |
| Operating cash flow (approximation) | €-2k | €-597 | €-1k | €-699 | €-2k | ▼ 189% |
| Change in cash | - | €11k | €-21k | €-227 | €-3k | ▼ 1,040% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity triplescurrent ratio 151.76
Current ratio from 54.08 to 151.76; short-term debt falls from €859 to €288.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Eghezée · 1 establishment unit since 2011
Ground area
2,284 m²
Building footprint
204 m²
2 parcels, Brussels, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Ethicare
since 20112.249.126.924
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92035A0544/00C000 | Wallonia | 2,201 m² | 1 · 204 m² | - |
| 21013B0053/00N003 | Brussels | 84 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded16-03-2011
Fiscal year end30-06
Scores and ratios are computed by Checked and are not a credit decision.