Equity
-€30,471
Debts exceed assets in financial year 2025.
ETHIKOS
Lifetime
6 annual accounts with figures on one time axispeak €48,951 (2022)
-€34,082▼ €37,203
lowest -€39,842 (2025)
-€39,842▼ €38,558
peak €31,745 (2022)
-€30,471▼ €39,842
€900,677▲ 14.8%
Board10 names since 2019
-
Documentsfilings and deeds
31-03-2026122 days before the deadline
2025financial year
Gross margin from €3,121 to -€34,082Loss of €39,842Equity from €9,372 to -€30,471Investments €18,240
Key points
from the 2025 annual accountsLosses
-€62,216 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€900,677 104% of the balance sheet
After one year 2%Within one year 98%
Of this, €882,778 falls due within a year.
Payment terms
115 days to suppliers
ETHIKOS pays its suppliers 26 days later than in 2024. Customers pay 26 days later.
At the same address
24 companies
Position in the sector
-3.5%
Lower solvency than 95% of companies in legal and accounting. Sector median 26.7% · 806 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,167 companies had the same profile as ETHIKOS has now. Each dot stands for 3 companies, two years later.
94.9%
were still trading
2.8%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,167 companies, not a prediction for ETHIKOS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
last known boardDirector, until 2024
Director, until 2024
Director, until 2024
Director, until 2024
Director, until 2024
- 250 sharesdeed of 25-07-2019
- 250 sharesdeed of 25-07-2019
- 250 sharesdeed of 25-07-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0730976063
5 directors resigning
, , , and · Permanent representatives: and · General meeting of 17-10-2024 · Gazette deed
3 directors appointed
., . and . · Permanent representatives: , and · General meeting of 28-01-2022 · Gazette deed
2 directors appointed, 2 resignations
Resignations: and · Appointments: and · Permanent representative: · General meeting of 04-03-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ETHIKOS Brussels | €870,207 | -€34,082 | -3.5% | - |
| FVZ Sint-Gillis (bij-Brussel) | €853,708 | -€8,607 | 0.2% | - |
| VC – WDS Ixelles | €730,453 | -€15,984 | 2.6% | 1 |
| Da Wo Law Firm Ixelles | €499,787 | -€52,276 | 99.2% | - |
| INGENIUS Law Firm Ixelles | €431,190 | -€33,828 | 9.1% | - |
| Ashurst Perkins Coie Europe Brussels | €384,897 | -€152,928 | -29.2% | - |
| DOMINIQUE DEVILLERS - AVOCAT Uccle | €619,528 | -€22,408 | -7.7% | - |
These companies have the same main activity as ETHIKOS: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €385,000 and €854,000, founded between 2012 and 2021.
Official details
Source: KBO- Status
- Active since 23-07-2019Normal situation
- Registered office
- 26 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 14 November 2026.
- Activity
- Activities of lawyersNACE 69101
- Establishment unit
- 2.291.649.0511050 Brussels, since 31-07-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2025
- €870,207▲ 9.6%
- Filing
- Filed on 31-03-2026, 122 days before the end of the filing period
Insights on ETHIKOS
ETHIKOS has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€30,471) and a net result of -€39,842.
Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 806 sector peers (NACE 69, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ETHIKOS
- What is the company number of ETHIKOS?
- The company number of ETHIKOS is 0730.976.063. The VAT number is the same number with BE in front: BE 0730.976.063.
- Where is ETHIKOS based?
- The registered office is at Louizalaan 66, 1050 Brussels.Company details
- What does ETHIKOS do?
- According to the KBO register, the main activity is activities of lawyers (NACE 69101).
- What is the legal form of ETHIKOS?
- ETHIKOS is a private limited company (BV).
- When was ETHIKOS founded?
- ETHIKOS was founded on 23-07-2019.
- Is ETHIKOS still active?
- Yes, ETHIKOS is an active enterprise in the KBO register.
- What is the turnover of ETHIKOS?
- The turnover of ETHIKOS was €2.7m in financial year 2025, according to the filed annual accounts.Financials
- Is ETHIKOS profitable?
- In financial year 2025, ETHIKOS made a loss of €39,842.
- Where can I find the annual accounts of ETHIKOS?
- ETHIKOS filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ETHIKOS due?
- ETHIKOS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.