Summary
Ethos is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €63,327 and a net result of €63,336. Equity has been growing by about 66% per year since 2020. Its solvency ranks better than 30% of 6,692 sector peers (NACE 64, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-01-2020 Normal situation
- Activity
- Activities of holding companies NACE 64210and 4 others
- Establishment unit
- 2.297.939.403 2970 Schilde, since 02-01-2020
- Financial year end
- 30 September
- Peppol
- Reachable since 01-10-2025
Board and ownership
Board
- Annelies BeddegenoodtsDaily manager
- Bergen DavidDirector · since 30-12-2019
- Holdings
- Shares in 2 companies Bergenboomverzorging and TREEXPERT
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts to 30-09-2025
- Profit
- €63,336
- ▲ 32.0%
- Equity
- €63,327
- ▼ 41.4%
- Total assets
- €225,024
- ▲ 5.4%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
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 09-04-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 days early
2024
51 days early
2023
57 days early
2022
47 days early
2021
37 days early
2020
53 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 44 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 14 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end03-11-2026 today30-04-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-04-2026 PDF all 6 filings
Equity
€63,327▼ 41.4%
2024 · €107,991
Net result
€63,336▲ 32.0%
2024 · €47,991
Total assets
€225,024▲ 5.4%
2024 · €213,451
Solvency
28.1%▼ 22.5pp
2024 · 50.6%
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€82,274
▲ 34.8%
2025
20202025
Net result
€63,336
▲ 32.0%
2025
middle half of the sector
20202025
Equity
€63,327
▼ 41.4%
2025
lowest quarter of the sector
20202025
Total assets
€225,024
▲ 5.4%
2025
lowest quarter of the sector
20202025
Debt
€161,697
▲ 53.3%
2025
20202025
Working capital
-€14,030
2025
middle half of the sector
20202025
Solvency
28.1%
▼ 22.5pp
2025
middle half of the sector
20202025
Current ratio
0.85
▼ 1.19
2025
middle half of the sector
20202025
Return on assets (ROA)
28.1%
▲ 5.7pp
2025
highest quarter of the sector
20202025
Staff (FTE)
no figure
2025
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€10,520-€13,270▲ 26.1%€33,355▲ 151%€65,190▲ 95.4%€61,029▼ 6.4%€82,274▲ 34.8%
Net result€7,895within the sector's middle half-€7,810within the sector's middle half▼ 1.1%€50,063within the sector's middle half▲ 541%€55,232within the sector's middle half▲ 10.3%€47,991within the sector's middle half▼ 13.1%€63,336within the sector's middle half▲ 32.0%
Equity€11,895below the sector's middle half-€19,705below the sector's middle half▲ 65.7%€69,768below the sector's middle half▲ 254%€60,000below the sector's middle half▼ 14.0%€107,991below the sector's middle half▲ 80.0%€63,327below the sector's middle half▼ 41.4%
Total assets€34,984below the sector's middle half-€161,254below the sector's middle half▲ 361%€202,786below the sector's middle half▲ 25.8%€182,725below the sector's middle half▼ 9.9%€213,451below the sector's middle half▲ 16.8%€225,024below the sector's middle half▲ 5.4%
Debt€23,088-€141,549▲ 513%€133,018▼ 6.0%€122,724▼ 7.7%€105,460▼ 14.1%€161,697▲ 53.3%
Working capital€5,080within the sector's middle half--€8,745within the sector's middle half€29,703within the sector's middle half€1,079within the sector's middle half▼ 96.4%€32,024within the sector's middle half▲ 30×-€14,030within the sector's middle half
Solvency34.0%within the sector's middle half-12.2%below the sector's middle half▼ 21.8pp34.4%within the sector's middle half▲ 22.2pp32.8%within the sector's middle half▼ 1.6pp50.6%within the sector's middle half▲ 17.8pp28.1%within the sector's middle half▼ 22.5pp
Current ratio1.23within the sector's middle half-0.67within the sector's middle half▼ 0.561.95within the sector's middle half▲ 1.281.03within the sector's middle half▼ 0.922.03within the sector's middle half▲ 1.000.85within the sector's middle half▼ 1.19
Return on assets (ROA)22.6%above the sector's middle half-4.8%within the sector's middle half▼ 17.7pp24.7%above the sector's middle half▲ 19.8pp30.2%above the sector's middle half▲ 5.5pp22.5%above the sector's middle half▼ 7.7pp28.1%above the sector's middle half▲ 5.7pp
Staff (FTE)0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 35% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated 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 €225,024
Fixed assets
€148,276 ▼ 1.4%
Current assets
€76,748 ▲ 21.6%
Equity and liabilities €225,024
Equity
€63,327 ▼ 41.4%
Debt
€161,697 ▲ 53.3%
Debt's share of the balance-sheet total rises from 49.4% to 71.9%. Equity is lower and debt is higher.
Key figures and ratios
ROE
100.0%▲
2024 · 44.4%
Debt ≤ 1 year
€90,778▲
2024 · €31,076
Debt > 1 year
€70,000▼
2024 · €73,465
Income taxes
€21,159▲
2024 · €16,490
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €17,229 | €3,465 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €7,204 | €6,183 | - |
| Depreciation and write-downs of the year | €1,846 | €1,959 | €2,901 | €2,074 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,213 | €1,846 | €1,846 | €1,959 | €2,901 | €2,074 | ▼ 28.5% |
| Other operating charges640/8 | - | - | €1,050 | €763 | €1,191 | €1,219 | ▲ 2.4% |
| Gross operating margin9900 | €12,625 | €16,907 | €36,251 | €67,911 | €65,121 | €85,567 | ▲ 31.4% |
| Operating profit (loss)9901 | €10,520 | €13,270 | €33,355 | €65,190 | €61,029 | €82,274 | ▲ 34.8% |
| Financial income75/76B | - | - | €27,609 | €9,155 | €5,160 | €3,740 | ▼ 27.5% |
| Recurring financial income75 | - | - | €27,609 | €9,155 | €5,160 | €3,740 | ▼ 27.5% |
| Financial charges65/66B | - | - | €2,000 | €1,864 | €1,708 | €1,519 | ▼ 11.1% |
| Recurring financial charges65 | €48 | €1,686 | €2,000 | €1,864 | €1,708 | €1,519 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €10,472 | €11,584 | €58,965 | €72,481 | €64,481 | €84,495 | ▲ 31.0% |
| Income taxes67/77 | €2,577 | €3,774 | €8,902 | €17,249 | €16,490 | €21,159 | ▲ 28.3% |
| Profit (loss) for the period9904 | €7,895 | €7,810 | €50,063 | €55,232 | €47,991 | €63,336 | ▲ 32.0% |
| Profit (loss) for the period to be appropriated9905 | €7,895 | €7,810 | €50,063 | €55,232 | €47,991 | €63,336 | ▲ 32.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €34,984 | €161,254 | €202,786 | €182,725 | €213,451 | €225,024 | ▲ 5.4% |
| Fixed assets21/28 | €8,016 | €143,670 | €141,824 | €147,069 | €150,351 | €148,276 | ▼ 1.4% |
| Tangible fixed assets22/27 | €8,016 | €6,170 | €4,324 | €9,569 | €12,851 | €10,776 | ▼ 16.1% |
| Furniture and vehicles24 | - | - | €4,324 | €2,478 | €1,640 | €802 | ▼ 51.1% |
| Other tangible fixed assets26 | - | - | - | €7,091 | €11,210 | €9,975 | ▼ 11.0% |
| Financial fixed assets28 | - | €137,500 | €137,500 | €137,500 | €137,500 | €137,500 | = |
| Current assets29/58 | €26,968 | €17,584 | €60,961 | €35,655 | €63,100 | €76,748 | ▲ 21.6% |
| Amounts receivable within one year40/41 | - | - | €35,029 | €2,420 | €26,973 | €2,420 | ▼ 91.0% |
| Trade receivables40 | - | - | €7,420 | €2,420 | €24,553 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €27,609 | €0 | €2,420 | €2,420 | = |
| Cash at bank and in hand54/58 | €26,968 | €17,563 | €25,932 | €33,235 | €36,105 | €74,223 | ▲ 106% |
| Deferred charges and accrued income490/1 | - | - | €0 | - | €22 | €105 | ▲ 370% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €34,984 | €161,254 | €202,786 | €182,725 | €213,451 | €225,024 | ▲ 5.4% |
| Equity10/15 | €11,895 | €19,705 | €69,768 | €60,000 | €107,991 | €63,327 | ▼ 41.4% |
| Contributions10/11 | - | - | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €7,895 | €15,705 | €65,768 | €56,000 | €103,991 | €59,327 | ▼ 42.9% |
| Amounts payable17/49 | €23,088 | €141,549 | €133,018 | €122,724 | €105,460 | €161,697 | ▲ 53.3% |
| Amounts payable after more than one year17 | - | €114,302 | €100,841 | €87,229 | €73,465 | €70,000 | ▼ 4.7% |
| Financial debts170/4 | - | - | €100,841 | €87,229 | €73,465 | €70,000 | ▼ 4.7% |
| Amounts payable within one year42/48 | €21,888 | €26,329 | €31,258 | €34,576 | €31,076 | €90,778 | ▲ 192% |
| Current portion of amounts payable after more than one year42 | - | - | €13,461 | €13,612 | €13,764 | €3,465 | ▼ 74.8% |
| Trade debts44 | €7,230 | €3,726 | €2,704 | €4,242 | €4,157 | €2,990 | ▼ 28.1% |
| Suppliers440/4 | - | - | €2,704 | €4,242 | €4,157 | €2,990 | ▼ 28.1% |
| Taxes, remuneration and social security45 | - | - | €14,833 | €16,463 | €12,895 | €14,463 | ▲ 12.2% |
| Taxes450/3 | - | - | €14,833 | €12,122 | €12,895 | €14,463 | ▲ 12.2% |
| Remuneration and social security454/9 | - | - | - | €4,341 | €0 | - | - |
| Other amounts payable47/48 | - | - | €260 | €260 | €260 | €69,860 | ▲ 269× |
| Accrued charges and deferred income492/3 | - | - | €919 | €919 | €919 | €919 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,895 | €7,810 | €50,063 | €55,232 | €47,991 | €63,336 | ▲ 32.0% |
| + Depreciation and write-downs630 | €1,213 | €1,846 | €1,846 | €1,959 | €2,901 | €2,074 | ▼ 28.5% |
| Operating cash flow (approximation) | €9,108 | €9,655 | €51,909 | €57,191 | €50,892 | €65,411 | ▲ 28.5% |
| Investment in fixed assets (approximation) | - | -€137,500 | €0 | -€7,204 | -€6,183 | €0 | - |
| Change in cash | - | -€9,405 | €8,369 | €7,303 | €2,869 | €38,118 | ▲ 13× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 09-04-2026 | 2026-00077339 | |
| 30-09-2024 | abbreviated format | 10-03-2025 | 2025-00046456 | |
| 30-09-2023 | abbreviated format | 04-03-2024 | 2024-00039088 | |
| 30-09-2022 | abbreviated format | 14-03-2023 | 2023-00039971 | |
| 30-09-2021 | abbreviated format | 24-03-2022 | 2022-08400078 | |
| 30-09-2020 | abbreviated format | 08-03-2021 | 2021-07000284 |
Board & ownership
Directors
Directors
1 director, 1 in day-to-day management, last change in 2024
Board 1
Bergen David
Current
Day-to-day management 1
Annelies Beddegenoodts
Current
Day-to-day manager · appointed in the act of 08-01-2025 · term without a fixed end
Owners and capital
Owners
Mandate history
2 people, 2 in office
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Bergen David |
|
| Annelies Beddegenoodts |
|
Network & group
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 30-09-2025
- Equity €631,604 Profit of €101,104 in 2025 (profit of €159,466 in 2024) Checked score 8924.93%
- Equity €88,201 Profit of €45,793 in 2025 (profit of €18,481 in 2024) Checked score 9524.73%
Connections & network
1 current directorThe network starts from the directors of Ethos. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
09-04
abbreviated format · 21 days before the deadline
2025
30-09
Financial
Highest result from 2020 to 2025net €63,336 ▲32%
The operating result of €82,274 and the net result of €63,336 are both a record.
10-03
abbreviated format · 51 days before the deadline
08-01
Gazette deed
Appointment: Annelies Beddegenoodts (day-to-day manager)2 points ▸
Gazette deed
Appointment: Annelies Beddegenoodts (day-to-day manager)
2 points ▸
- Board meeting, 07-11-2024
- Director appointment, Annelies Beddegenoodts (day-to-day manager)
2024
30-09
Financial
Equity above €100,000equity €107,991 ▲80%
With a profit in every financial year since 2020, equity grows to €107,991.
04-03
abbreviated format · 57 days before the deadline
2023
14-03
abbreviated format · 47 days before the deadline
2022
30-09
Financial
Liquidity more than doubledcurrent ratio 1.95
The current ratio rises from 0.67 to 1.95.
24-03
abbreviated format · 37 days before the deadline
2021
08-03
abbreviated format · 53 days before the deadline
2020
06-01
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Ethos in Dutch
Enterprise number
0740.649.834
Legal form
Private limited company
Status
Active, normale toestand
Founded
02-01-2020
Entity type
Legal entity
Registered office and establishments
Registered office
Goorstraat 33, 2970 Schilde, Belgium
Establishment unit
Ethos, Goorstraat 33, 2970 Schilde since 02-01-2020 · unit number 2.297.939.40301610 Support activities for crop production
Activities
NACEBEL 202564210
Activities of holding companies main activity
63920
Other information service activities
68201
Renting and operating of own or leased residential real estate, excluding social housing
71113
Urban planning and landscape architecture
82990
Other business support services
Codes under NACEBEL 2008
64200
Holdings main activity
63990
Computing infrastructure, data processing, hosting and other information service activities
68201
Real estate activities
71113
Architectural and engineering activities; technical testing and analysis
82990
Other business support services
Invoicing and payment
VAT number
BE 0740.649.834
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Sites & property
Location
Buildings and parcels at the address
Ground area
1,761 m²
Building footprint
306 m²
Building volume
1,475 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11922B0270/02E000 | Flanders | 1,761 m² | 1 · 306 m² | 6.9 m · 2 |