ETHICOMPUTING
InactiveOverview
Activity
Activity not known
Size
≈ €130,000turnover 2025, estimated
- Equity
- €151,906
- Profit
- €28,845
Turnover estimated from the gross margin
Financial health
Inactive: no score
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
30 days early
2024
on the day
2023
on the day
2022
2 days late
2021
1 day early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Resignations & appointments · End &…Dissolution · Liquidation closure ·…
- Annual accounts filedfinancial year 2025 · micro…
- Equity above €150,000equity €151,906 ▲23.4%
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
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 27% below 2024.
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
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€167,967
2025
Equity€151,906
2025
Debt€16,060
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€151,856
2025
Use the arrow keys on the chart for the figures per year.
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
Fixed assets
€50 =
Current assets
€167,917 ▲ 10.9%
Equity and liabilities €167,967
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
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
| 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.
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
ANALYST/CONSULTANT/ARCHITECT/EXPERT/WEBMASTER/ENGINEER FOR INFORMATION TECHNOLOGIES SYSTEMS AND/OR SERVICES COVERING INFORMATION SYSTEMS SUPPORT AND MAINTENANCE AND OTHER RELATED DOMAINS
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2024
FERRERO Thomas
CurrentDirector (not named in the articles)
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
4 of this company's 6 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2024, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FERRERO Thomas |
|
Owners and capital
Capital and shareholders
Capital over the years
- 10-07-2024 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
25-08
Gazette deed
Resignations & appointments · End & cessationDissolution · Liquidation closure · Custody of records11 facts ▸
Gazette deed
Resignations & appointments · End & cessation
Dissolution · Liquidation closure · Custody of records11 facts ▸
- General meeting, 11-06-2026
- Dissolution, 11-06-2026
- Liquidation closure, 11-06-2026
- Custody of records, “rue Victor Lefevre 29, 1030 Schaerbeek”, 11-06-2026 (deed in French)
- Declaration, “absence de biens immobiliers, la société ne possède à ce jour aucun bien immobilier” (deed in French)
- Liquidation distribution, “libération de l'actif net, boni de liquidation” (deed in French)
- Other provision, “les créances de la société ainsi que les charges notamment fiscales et sociales seront supportées par les actionnaires prénommés” (deed in French)
- Power of attorney
- Auditor report, “discontinuité, Opinion sans réserve” (deed in French)
- Other provision, “administrateurs”, director discharge (deed in French)
- Other provision, “Réviseur d'Entreprise” (deed in French)
31-03
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
30-09
Financial
Equity above €150,000equity €151,906 ▲23.4%
A profit in every financial year since 2019 builds equity to €151,906.
30-04
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
10-07
Gazette deed
Resignation: FERRERO Thomas (manager)Reappointment: FERRERO Thomas (director) · Amendment of the articles · Capital conversion4 facts ▸
Gazette deed
Resignation: FERRERO Thomas (manager)
Reappointment: FERRERO Thomas (director) · Amendment of the articles · Capital conversion4 facts ▸
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Director resignation, FERRERO Thomas (manager)
- Director reappointment, FERRERO Thomas (director (not named in the articles))
30-04
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
02-05
NBB filing
Annual accounts filed
financial year 2022 · micro format · 2 days late
2022
30-09
Financial
Weakest financial yearnet €9,705 ▼74.2%
Net result drops to €9,705, the lowest in the series.
30-09
Financial
Liquidity more than triplescurrent ratio 10.22
Current ratio from 2.89 to 10.22; short-term debt falls from €47,032 to €10,793.
30-09
Financial
Equity above €100,000equity €100,007 ▲10.7%
A profit in every financial year since 2019 builds equity to €100,007.
29-04
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
30-09
Financial
Highest result from 2019 to 2025net €37,677 ▲203%
Operating result €52,834, net result €37,677, both a record.
Show earlier events
30-04
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
30-04
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
30-04
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
30-04
NBB filing
Annual accounts filed
financial year 2017 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
2 of 6 deeds read
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Etterbeek
Ground area
3,919 m²
Building footprint
1,800 m²
Building volume
72,028 m³
Parcel 21805E0283/00C000, Brussels · tallest building 58.6 m. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21805E0283/00C000 | Brussels | 3,919 m² | 1 · 1,800 m² | 58.6 m · 15 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, ARTICLE 2” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- “Jour fixé par la loi comme point de départ, ARTICLE 6” (deed in French)
- Membership ruleWho can become a member or partner, and on what terms.
- “ARTICLE 8, assemblée générale pour justes motifs” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of March at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution et clôture liquidation en un seul acte possibles dans respect article 2:80 CSA” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Administrateur(s) en exercice ou à défaut un ou plusieurs liquidateurs nommés par assemblée générale, assemblée détermine…” (deed in French)