ETHOM
ActiveSummary
The computed 12-month bankruptcy probability of ETHOM is 3.2% (moderate). The 2025 annual accounts show negative equity (-€164,305) and a net result of -€268,243. Equity is shrinking by ~89.2% per year across the filed fiscal years. Its solvency ranks better than 7% of 4209 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-84
Solvency2▼-39
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.77 against 1.17 in 2024; short-term debt: 115.3% and cash: 19.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-23.1%
Return on assets
-37.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€164,305
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 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
32 d late
2024
28 d late
2023
40 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 33 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€268,243
2024 · €82,821
Working capital
-€184,808
2024 · €81,008
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€15,355-€123,809▲ 706%-€229,981
Net result€1,118within the sector's middle half-€82,821within the sector's middle half▲ 7,308%-€268,243below the sector's middle half
Equity€21,118below the sector's middle half-€103,938within the sector's middle half▲ 392%-€164,305below the sector's middle half
Total assets€642,224within the sector's middle half-€663,051within the sector's middle half▲ 3.2%€709,999within the sector's middle half▲ 7.1%
Debt€621,106-€559,112▼ 10.0%€874,303▲ 56.4%
Working capital-€3,994-€81,008-€184,808
Solvency3.3%below the sector's middle half-15.7%within the sector's middle half▲ 12.4pp-23.1%below the sector's middle half▼ 38.8pp
Staff (FTE)21.1above the sector's middle half-29.5above the sector's middle half▲ 39.8%25.3above the sector's middle half▼ 14.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €229,981 after €123,809 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €708,750
Fixed assets
€75,243 ▼ 25.8%
Current assets
€633,507 ▲ 13.1%
Key figures and ratios
EBITDA
-€201,597▼
2024 · €146,857
Cash flow
-€239,859▼
2024 · €105,869
Current ratio
0.77▼
2024 · 1.17
Quick ratio
0.37▼
2024 · 0.58
Debt to equity
-5.32▼
2024 · 5.38
ROA
-37.8%▼
2024 · 12.5%
Interest coverage
-4.76▼
2024 · 7.40
Debt ≤ 1 year
€818,315▲
2024 · €478,881
Debt > 1 year
€24,348▼
2024 · €34,797
Staff costs
€653,417▲
2024 · €522,092
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 490 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 89% are still going.
- Small
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
6.1%
went bankrupt
3.5%
stopped otherwise
89%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 490 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €393,461 | €522,092 | €653,417 | ▲ 25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,017 | €23,048 | €28,384 | ▲ 23.2% |
| Other operating charges640/8 | €698 | €1,495 | €3,014 | ▲ 102% |
| Non-recurring operating charges66A | €464 | €2,412 | - | - |
| Gross operating margin9900 | €412,995 | €672,857 | €454,834 | ▼ 32.4% |
| Operating profit (loss)9901 | €15,355 | €123,809 | -€229,981 | ▼ 286% |
| Financial income75/76B | €279 | €1,433 | €4,062 | ▲ 183% |
| Recurring financial income75 | €279 | €1,433 | €4,062 | ▲ 183% |
| Financial charges65/66B | €12,858 | €19,840 | €42,324 | ▲ 113% |
| Recurring financial charges65 | €12,858 | €19,840 | €42,324 | ▲ 113% |
| Profit (loss) for the period before taxes9903 | €2,776 | €105,402 | -€268,243 | ▼ 354% |
| Income taxes67/77 | €1,658 | €22,581 | - | - |
| Profit (loss) for the period9904 | €1,118 | €82,821 | -€268,243 | ▼ 424% |
| Profit (loss) for the period to be appropriated9905 | €1,118 | €82,821 | -€268,243 | ▼ 424% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €642,224 | €663,051 | €709,999 | ▲ 7.1% |
| Formation expenses20 | €2,362 | €1,805 | €1,249 | ▼ 30.8% |
| Fixed assets21/28 | €85,701 | €101,356 | €75,243 | ▼ 25.8% |
| Tangible fixed assets22/27 | €84,201 | €99,856 | €73,743 | ▼ 26.2% |
| Land and buildings22 | €2,340 | €2,090 | €1,840 | ▼ 12.0% |
| Plant, machinery and equipment23 | €6,248 | €21,374 | €14,820 | ▼ 30.7% |
| Furniture and vehicles24 | €6,396 | €21,203 | €15,921 | ▼ 24.9% |
| Leasing and similar rights25 | €69,217 | €55,190 | €41,162 | ▼ 25.4% |
| Financial fixed assets28 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €554,161 | €559,889 | €633,507 | ▲ 13.1% |
| Stocks and contracts in progress3 | €283,153 | €281,288 | €333,242 | ▲ 18.5% |
| Stocks30/36 | €283,153 | €281,288 | €333,242 | ▲ 18.5% |
| Amounts receivable within one year40/41 | €96,313 | €137,411 | €151,461 | ▲ 10.2% |
| Trade receivables40 | €77,834 | €73,943 | €95,410 | ▲ 29.0% |
| Other amounts receivable41 | €18,479 | €63,468 | €56,052 | ▼ 11.7% |
| Cash at bank and in hand54/58 | €172,355 | €123,325 | €136,553 | ▲ 10.7% |
| Deferred charges and accrued income490/1 | €2,340 | €17,865 | €12,251 | ▼ 31.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €642,224 | €663,051 | €709,999 | ▲ 7.1% |
| Equity10/15 | €21,118 | €103,938 | -€164,305 | ▼ 258% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | €20,000 | - | - | - |
| Issued capital100 | €20,000 | - | - | - |
| Outside capital11 | - | €20,000 | €20,000 | = |
| Other1109/19 | - | €20,000 | €20,000 | = |
| Reserves13 | €1,118 | €83,938 | €83,938 | = |
| Non-distributable reserves130/1 | €56 | €2,000 | €2,000 | = |
| Legal reserve130 | €56 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | = |
| Distributable reserves133 | €1,062 | €81,938 | €81,938 | = |
| Profit (loss) carried forward14 | - | - | -€268,243 | - |
| Amounts payable17/49 | €621,106 | €559,112 | €874,303 | ▲ 56.4% |
| Amounts payable after more than one year17 | €44,484 | €34,797 | €24,348 | ▼ 30.0% |
| Financial debts170/4 | €44,484 | €34,797 | €24,348 | ▼ 30.0% |
| Amounts payable within one year42/48 | €558,155 | €478,881 | €818,315 | ▲ 70.9% |
| Current portion of amounts payable after more than one year42 | €9,687 | €9,687 | €10,449 | ▲ 7.9% |
| Trade debts44 | €442,020 | €311,532 | €628,580 | ▲ 102% |
| Suppliers440/4 | €442,020 | €311,532 | €628,580 | ▲ 102% |
| Taxes, remuneration and social security45 | €106,448 | €157,662 | €179,286 | ▲ 13.7% |
| Taxes450/3 | €1,658 | €27,829 | €39,726 | ▲ 42.8% |
| Remuneration and social security454/9 | €104,790 | €129,833 | €139,560 | ▲ 7.5% |
| Accrued charges and deferred income492/3 | €18,467 | €45,434 | €31,640 | ▼ 30.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,118 | €82,821 | -€268,243 | ▼ 424% |
| + Depreciation and write-downs630 | €3,017 | €23,048 | €28,384 | ▲ 23.2% |
| Operating cash flow (approximation) | €4,135 | €105,869 | -€239,859 | ▼ 327% |
| Investment in fixed assets (approximation) | - | -€38,703 | -€2,271 | ▲ 94.1% |
| Change in cash | - | -€49,030 | €13,228 | ▲ 127% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 32 days late
2025
31-12
Financial
Weakest financial yearnet -€268,243
Net result drops to -€268,243, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Highest result since 2023net €82,821 ▲7,308%
Operating result €123,809, net result €82,821, both a record.
31-12
Financial
Equity above €100,000Eq €103,938 ▲392%
2 profitable years in a row build equity to €103,938.
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 40 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Virton · 1 establishment unit since 2023
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.
Faubourg-d'Arival 326760 Virton1 establishment unit
ETHOM
since 20232.343.659.263
Recognitions · licences · registrations
Food safety, FASFC
1 siteVirton2.343.659.263
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,623 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Contact
E-mail
carrefour.virton@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0800241486
Also
9925:BE0800241486
Registered
04-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.