ETHILONA
ActiveETHILONA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €4k. Equity is growing by ~32.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 31642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-3
Solvency74▲+13
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.38 in 2024; short-term debt: 34.9% and cash: 46.5% of total assets), but 51.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.8%
Return on assets
11%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
21 d late
2024
51 d late
2023
23 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k▲ 29.0%
2024 · €15k
2023: €10k
2024: €15k
2023 → 2025
Total assets
€41k▼ 5.7%
2024 · €43k
2023: €49k
2024: €43k
2023 → 2025
Net result
€4k▼ 18.2%
2024 · €5k
2023: €7k
2024: €5k
2023 → 2025
Working capital
€9k▲ 81.3%
2024 · €5k
2023: €12
2024: €5k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€10k-€15k▲ 54.9%€20k▲ 29.0%
Operating result€11k-€9k▼ 24.7%€7k▼ 18.4%
Net result€7k-€5k▼ 21.4%€4k▼ 18.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 18% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€18k▼ 31.0%
Current assets
€23k▲ 32.3%
Equity and liabilities €41k
Equity
€20k▲ 29.0%
Debt
€21k▼ 25.0%
The debt ratio falls from 64.3% to 51.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▼
2024 · €17k
Cash flow
€13k▼
2024 · €14k
Solvency
48.8%▲
2024 · 35.7%
Current ratio
1.61▲
2024 · 1.38
Quick ratio
1.61▲
2024 · 1.38
Debt / equity
1.05▼
2024 · 1.80
ROE
22.5%▼
2024 · 35.4%
ROA
11.0%▼
2024 · 12.7%
Interest coverage
30.67▲
2024 · 22.41
Debt
€21k▼
2024 · €28k
Debt ≤ 1 year
€14k▲
2024 · €12k
Debt > 1 year
€7k▼
2024 · €15k
Income taxes
€2k▼
2024 · €2k
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€43k€41k▼
Fixed assets21/28€26k€18k▼
Tangible fixed assets22/27€26k€18k▼
Furniture and vehicles24€26k€18k▼
Current assets29/58€17k€23k▲
Amounts receivable within one year40/41€2k€4k▲
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€15k€19k▲
Deferred charges and accrued income490/1€210€220▲
Equity and liabilities
Total equity and liabilities10/49€43k€41k▼
Equity10/15€15k€20k▲
Contributions10/11€3k€3k=
Reserves13€12k€17k▲
Distributable reserves133€12k€17k▲
Amounts payable17/49€28k€21k▼
Amounts payable after more than one year17€15k€7k▼
Financial debts170/4€15k€7k▼
Amounts payable within one year42/48€12k€14k▲
Current portion of amounts payable after more than one year42€8k€9k▲
Trade debts44€438€2k▲
Suppliers440/4€438€2k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€1k€888▼
Income statement
Code20242025
Non-recurring operating income76A€611€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€791€965▲
Gross operating margin9900€18k€17k▼
Operating profit (loss)9901€9k€7k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€758€510▼
Recurring financial charges65€758€510▼
Profit (loss) for the period before taxes9903€8k€6k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€5k€4k▼
Profit (loss) for the period to be appropriated9905€5k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€4k▼
Transfer to equity691/2€5k€4k▼
To other reserves6921€5k€4k▼
The notes to these accounts (9 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet €4k ▼18.2%
Net result drops to €4k, the lowest in the series.
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 51 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Dison · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Rechain 294820 DisonGround area
1,118 m²
Building footprint
172 m²
Volume, LiDAR
1,371 m³
2 parcels, Wallonia · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ETHILONA
since 20222.334.517.014
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63035A0199/00F002indicative | Wallonia | 926 m² | 1 · 106 m² | 7.2 m · 2 fl. |
| 63020A0980/00G006 | Wallonia | 192 m² | 1 · 66 m² | 13.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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ELIPSE, RESEAU HOSPITALIER UNIVERSITAIRE
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GRANT THORNTON BELGIUM
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Of 5,700 companies in sector 70100 we hold annual accounts for 3,494. 1,577 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-08-2022
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.