ETHICO
ActiveETHICO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.46M and a net result of €755k. Equity is growing by ~106.8% per year across the filed fiscal years. Its solvency ranks better than 68% of 7954 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 · 6 filingsDeviation from the deadline
2025
2 d early
2024
2 d early
2023
2 d early
2022
1 d early
2021
5 d early
2020
33 d early
← before the deadline
after the deadline →
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 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.46M▲ 107%
2024 · €707k
2020: €64k
2021: €67k
2022: €97k
2023: €268k
2024: €707k
2020 → 2025
Net result
€755k▲ 72.1%
2024 · €439k
2020: €62k
2021: €3k
2022: €30k
2023: €171k
2024: €439k
2020 → 2025
Total assets
€2.04M▲ 56.5%
2024 · €1.31M
2020: €95k
2021: €73k
2022: €231k
2023: €1.03M
2024: €1.31M
2020 → 2025
Solvency
71.6%▲ 17.4pp
2024 · 54.2%
2020: 66.7%
2021: 90.7%
2022: 42.0%
2023: 26.1%
2024: 54.2%
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€97k▲ 45.5%€268k▲ 177%€707k▲ 164%€1.46M▲ 107%
Operating result€8k-€49k▲ 482%€118k▲ 139%€131k▲ 11.0%€146k▲ 11.7%
Net result€3k-€30k▲ 918%€171k▲ 466%€439k▲ 156%€755k▲ 72.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 12% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.04M
Fixed assets
€828k▲ 1.4%
Current assets
€1.21M▲ 149%
Equity and liabilities €2.04M
Equity
€1.46M▲ 107%
Provisions
€20k=
Debt
€559k▼ 3.2%
The debt ratio falls from 44.3% to 27.4%: equity grows while debt is paid down.
Key figures and ratios
Solvency
71.6%▲
2024 · 54.2%
ROE
51.7%▼
2024 · 62.1%
ROA
37.0%▲
2024 · 33.6%
Debt
€559k▼
2024 · €578k
Debt ≤ 1 year
€204k▲
2024 · €140k
Debt > 1 year
€354k▼
2024 · €438k
Income taxes
€114k▲
2024 · €89k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.31M€2.04M▲
Fixed assets21/28€817k€828k▲
Tangible fixed assets22/27€3k€15k▲
Plant, machinery and equipment23€3k€797▼
Furniture and vehicles24€599€14k▲
Financial fixed assets28€814k€814k=
Current assets29/58€488k€1.21M▲
Amounts receivable after more than one year29-€730k
Other amounts receivable291-€730k
Amounts receivable within one year40/41€55k€9k▼
Trade receivables40€26k€8k▼
Other amounts receivable41€29k€1k▼
Current investments50/53€20k€20k=
Cash at bank and in hand54/58€301k€455k▲
Deferred charges and accrued income490/1€112k€127▼
Equity and liabilities
Total equity and liabilities10/49€1.31M€2.04M▲
Equity10/15€707k€1.46M▲
Contributions10/11€2k€2k=
Reserves13€684k€1.44M▲
Distributable reserves133€684k€1.44M▲
Profit (loss) carried forward14€21k€21k=
Provisions and deferred taxes16€20k€20k=
Provisions for liabilities and charges160/5€20k€20k=
Environmental obligations163€20k€20k=
Amounts payable17/49€578k€559k▼
Amounts payable after more than one year17€438k€354k▼
Financial debts170/4€438k€354k▼
Amounts payable within one year42/48€140k€204k▲
Current portion of amounts payable after more than one year42€82k€98k▲
Trade debts44€102€5k▲
Suppliers440/4€102€5k▲
Taxes, remuneration and social security45€58k€100k▲
Taxes450/3€58k€100k▲
Accrued charges and deferred income492/3-€891
Income statement
Code20242025
Non-recurring operating income76A€32k€31k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€20k-
Other operating charges640/8€3k€1k▼
Gross operating margin9900€158k€152k▼
Operating profit (loss)9901€131k€146k▲
Financial income75/76B€415k€736k▲
Recurring financial income75€415k€736k▲
Financial charges65/66B€18k€12k▼
Recurring financial charges65€18k€12k▼
Profit (loss) for the period before taxes9903€528k€870k▲
Income taxes67/77€89k€114k▲
Profit (loss) for the period9904€439k€755k▲
Profit (loss) for the period to be appropriated9905€439k€755k▲
Appropriation of the result
Profit (loss) to be appropriated9906€460k€777k▲
Profit (loss) brought forward from the previous period14P€21k€21k=
Transfer to equity691/2€439k€755k▲
To other reserves6921€439k€755k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
State Gazette act
General meeting · Director appointment
Permanent representative · Purpose change · ODEURS, Philip
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2020net €755k ▲72.1%
Operating result €146k, net result €755k, both a record.
30-06
Financial
Equity above €1MEq €1.46M ▲107%
6 profitable years in a row build equity to €1.46M.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity quadruplescurrent ratio 3.49
Current ratio from 0.84 to 3.49; short-term debt falls from €245k to €140k.
30-06
Financial
Equity above €500kEq €707k ▲164%
5 profitable years in a row build equity to €707k.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €200kEq €268k ▲177%
4 profitable years in a row build equity to €268k.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €3k ▼95.2%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity quadruplescurrent ratio 9.80
Current ratio from 2.75 to 9.80; short-term debt falls from €32k to €7k.
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Truiden · 1 establishment unit since 2018
Ground area
558 m²
Building footprint
115 m²
Volume, LiDAR
635 m³
Parcel 71021A0222/00D002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ETHICO
since 20182.282.961.019
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71021A0222/00D002 | Flanders | 558 m² | 1 · 115 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partyETHICOBE 0716.671.236
controls
Where this company holds controlthis company sits on their board1
1 location
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Of 24,641 companies in sector 64210 we hold annual accounts for 19,693. 11,784 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2018
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.