ETHICOMPUTING

Inactive

Private limited companyKBO/BCE: BE 0647.851.617

Inactive since 22-08-2026; last annual accounts for financial year 2025. Dissolved and wound up in a single deed on 11-06-2026; books and records kept by CORA Emiliano in Schaerbeek (5 years).

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ETHICOMPUTINGInactive

Report

Financials · financial year 2025, micro format

Turnover

≈ €130,000

Estimated: probably between €75,000 and €220,000

Total assets

€167,967▲ 10.9%

2024 · €151,427

Net result

€28,845▼ 4.2%

2024 · €30,122

Working capital

€151,856▲ 23.4%

2024 · €123,012

Trend over the years

Last 5 years All years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result falls in 2025; 2025 is 27% below 2024.

Turnover and resultEquity and debtWorking capital

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€31,047 2025 Net result€28,845 2025

Every figure with its change against the financial year before

favourable unfavourable

Line2019202020212022202320242025

Operating result€17,402-€17,802▲ 2.3%€52,834▲ 197%€13,747▼ 74.0%€27,215▲ 98.0%€42,578▲ 56.5%€31,047▼ 27.1%

Net result€12,243-€12,421▲ 1.5%€37,677▲ 203%€9,705▼ 74.2%€19,290▲ 98.8%€30,122▲ 56.2%€28,845▼ 4.2%

Equity€40,203-€52,624▲ 30.9%€90,301▲ 71.6%€100,007▲ 10.7%€104,540▲ 4.5%€123,062▲ 17.7%€151,906▲ 23.4%

Total assets€55,232-€62,976▲ 14.0%€137,334▲ 118%€110,800▼ 19.3%€137,186▲ 23.8%€151,427▲ 10.4%€167,967▲ 10.9%

Debt€15,029-€10,352▼ 31.1%€47,032▲ 354%€10,793▼ 77.1%€32,646▲ 202%€28,365▼ 13.1%€16,060▼ 43.4%

Working capital€40,153-€51,555▲ 28.4%€88,978▲ 72.6%€99,520▲ 11.8%€104,381▲ 4.9%€123,012▲ 17.8%€151,856▲ 23.4%

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €167,967

100.0%

Fixed assets €50 =

Current assets €167,917 ▲ 10.9%

Equity and liabilities €167,967

90.4%

10%

Equity €151,906 ▲ 23.4%

Debt €16,060 ▼ 43.4%

Debt's share of the balance-sheet total falls from 18.7% to 9.6%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

Current ratio

10.46▲

2024 · 5.34

Debt to equity

0.11▼

2024 · 0.23

ROE

19.0%▼

2024 · 24.5%

ROA

17.2%▼

2024 · 19.9%

Debt ≤ 1 year

€16,060▼

2024 · €28,365

Income taxes

€11,845▼

2024 · €12,134

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines

Balance sheet Code20242025

Assets

Total assets20/58€151,427€167,967▲

Fixed assets21/28€50€50=

Tangible fixed assets22/27€0€0=

Furniture and vehicles24€0€0=

Financial fixed assets28€50€50=

Current assets29/58€151,377€167,917▲

Amounts receivable within one year40/41€127,966€150,456▲

Trade receivables40€45€18▼

Other amounts receivable41€127,922€150,438▲

Cash at bank and in hand54/58€23,411€17,461▼

Equity and liabilities

Total equity and liabilities10/49€151,427€167,967▲

Equity10/15€123,062€151,906▲

Contributions10/11€12,400€12,400=

Reserves13€109,567€137,567▲

Distributable reserves133€109,567€137,567▲

Profit (loss) carried forward14€1,094€1,939▲

Amounts payable17/49€28,365€16,060▼

Amounts payable within one year42/48€28,365€16,060▼

Trade debts44€2,688€1,187▼

Suppliers440/4€2,688€1,187▼

Taxes, remuneration and social security45€14,077€14,874▲

Taxes450/3€14,077€14,874▲

Other amounts payable47/48€11,600-

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109-

Other operating charges640/8€304€20▼

Gross operating margin9900€42,992€31,067▼

Operating profit (loss)9901€42,578€31,047▼

Financial income75/76B€0€9,827▲

Recurring financial income75€0€9,827▲

Financial charges65/66B€323€183▼

Recurring financial charges65€323€183▼

Profit (loss) for the period before taxes9903€42,255€40,690▼

Income taxes67/77€12,134€11,845▼

Profit (loss) for the period9904€30,122€28,845▼

Profit (loss) for the period to be appropriated9905€30,122€28,845▼

Appropriation of the result

Profit (loss) to be appropriated9906€31,094€29,939▼

Profit (loss) brought forward from the previous period14P€972€1,094▲

Transfer from equity791/2€11,600-

Transfer to equity691/2€30,000€28,000▼

To other reserves6921€30,000€28,000▼

Profit to be distributed694/7€11,600-

Return on contributions (dividend)694€11,600-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2019	2020	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	-	€510	€728	€837	€327	€109	-	-
Other operating charges640/8	-	-	€42	€133	€57	€304	€20	▼ 93.4%
Gross operating margin9900	€17,480	€18,311	€53,604	€14,717	€27,599	€42,992	€31,067	▼ 27.7%
Operating profit (loss)9901	€17,402	€17,802	€52,834	€13,747	€27,215	€42,578	€31,047	▼ 27.1%
Financial income75/76B	-	-	-	€0	€0	€0	€9,827	▲ 49,134×
Recurring financial income75	€0	€1	-	€0	€0	€0	€9,827	▲ 49,134×
Financial charges65/66B	-	-	€154	€123	€136	€323	€183	▼ 43.2%
Recurring financial charges65	€100	€184	€154	€123	€136	€323	€183	▼ 43.2%
Profit (loss) for the period before taxes9903	€17,302	€17,618	€52,680	€13,624	€27,079	€42,255	€40,690	▼ 3.7%
Income taxes67/77	€5,059	€5,197	€15,003	€3,919	€7,789	€12,134	€11,845	▼ 2.4%
Profit (loss) for the period9904	€12,243	€12,421	€37,677	€9,705	€19,290	€30,122	€28,845	▼ 4.2%
Profit (loss) for the period to be appropriated9905	€12,243	€12,421	€37,677	€9,705	€19,290	€30,122	€28,845	▼ 4.2%

Line	2019	2020	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€55,232	€62,976	€137,334	€110,800	€137,186	€151,427	€167,967	▲ 10.9%
Fixed assets21/28	€50	€1,069	€1,324	€486	€159	€50	€50	=
Tangible fixed assets22/27	-	€1,019	€1,274	€436	€109	€0	€0	-
Furniture and vehicles24	-	-	€1,274	€436	€109	€0	€0	-
Financial fixed assets28	€50	€50	€50	€50	€50	€50	€50	=
Current assets29/58	€55,182	€61,907	€136,010	€110,314	€137,027	€151,377	€167,917	▲ 10.9%
Amounts receivable within one year40/41	€54,418	€61,631	€135,889	€106,164	€130,669	€127,966	€150,456	▲ 17.6%
Trade receivables40	-	-	€44,570	-	€13,110	€45	€18	▼ 59.7%
Other amounts receivable41	-	-	€91,319	€106,164	€117,559	€127,922	€150,438	▲ 17.6%
Cash at bank and in hand54/58	€764	€109	€121	€4,150	€6,358	€23,411	€17,461	▼ 25.4%
Equity and liabilities
Total equity and liabilities10/49	€55,232	€62,976	€137,334	€110,800	€137,186	€151,427	€167,967	▲ 10.9%
Equity10/15	€40,203	€52,624	€90,301	€100,007	€104,540	€123,062	€151,906	▲ 23.4%
Contributions10/11	€12,400	-	€12,400	€12,400	€12,400	€12,400	€12,400	=
Reserves13	€27,803	€40,224	€77,224	€86,924	€91,167	€109,567	€137,567	▲ 25.6%
Non-distributable reserves130/1	-	-	€1,446	€1,446	€1,446	-	-	-
Reserves not available under the articles1311	-	-	€1,446	€1,446	€1,446	-	-	-
Distributable reserves133	-	-	€75,778	€85,478	€89,721	€109,567	€137,567	▲ 25.6%
Profit (loss) carried forward14	-	-	€677	€683	€972	€1,094	€1,939	▲ 77.2%
Amounts payable17/49	€15,029	€10,352	€47,032	€10,793	€32,646	€28,365	€16,060	▼ 43.4%
Amounts payable within one year42/48	€15,029	€10,352	€47,032	€10,793	€32,646	€28,365	€16,060	▼ 43.4%
Financial debts43	-	-	€513	€301	-	-	-	-
Credit institutions430/8	-	-	€513	€301	-	-	-	-
Trade debts44	€3,002	€4,296	€26,319	€2,917	€6,282	€2,688	€1,187	▼ 55.9%
Suppliers440/4	-	-	€26,319	€2,917	€6,282	€2,688	€1,187	▼ 55.9%
Taxes, remuneration and social security45	-	-	€20,200	€7,576	€11,608	€14,077	€14,874	▲ 5.7%
Taxes450/3	-	-	€20,200	€7,576	€11,608	€14,077	€14,874	▲ 5.7%
Other amounts payable47/48	-	-	-	-	€14,757	€11,600	-	-

Line	2019	2020	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€12,243	€12,421	€37,677	€9,705	€19,290	€30,122	€28,845	▼ 4.2%
+ Depreciation and write-downs630	-	€510	€728	€837	€327	€109	-	-
Operating cash flow (approximation)	€12,243	€12,931	€38,405	€10,543	€19,617	€30,231	€28,845	▼ 4.6%
Investment in fixed assets (approximation)	-	-€1,529	-€982	€0	€0	€0	€0	-
Change in cash	-	-€655	€12	€4,029	€2,208	€17,052	-€5,950	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (9)

Financial year	Type	Filed	Reference
30-09-2025	micro format	31-03-2026	2026-00073008
30-09-2024	micro format	30-04-2025	2025-00083236
30-09-2023	micro format	30-04-2024	2024-00075715
30-09-2022	micro format	02-05-2023	2023-00083166
30-09-2021	micro format	29-04-2022	2022-20020877
30-09-2020	micro format	30-04-2021	2021-13400287
30-09-2019	micro format	30-04-2020	2020-11200436
30-09-2018	micro format	30-04-2019	2019-12300556
30-09-2017	micro format	30-04-2018	2018-11100257

Subsidies and aid

European Union, budget

2021 to 2025 · 10 entries · €350,175 in total

Year	Entries	Awarded
2025	1	€29,325
2024	4	€134,550
2023	2	€55,200
2022	2	€89,700
2021	1	€41,400

Projects

ANALYST/CONSULTANT/ARCHITECT/EXPERT/WEBMASTER/ENGINEER FOR INFORMATION TECHNOLOGIES SYSTEMS AND/OR SERVICES

Information and communication technology · 25-11-2021 to 24-11-2025 · €320,850

ANALYST/CONSULTANT/ARCHITECT/EXPERT/WEBMASTER/ENGINEER FOR INFORMATION TECHNOLOGIES SYSTEMS AND/OR SERVICES COVERING INFORMATION SYSTEMS SUPPORT AND MAINTENANCE AND OTHER RELATED DOMAINS

Information and communication technology · 25-06-2025 to 20-11-2025 · €29,325

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.