Result
-€90,196 -€90,196
From profit to loss in 2025, after a profit of €284,092 in 2024.
Etnodis
Lifetime
2 annual accounts with figures on one time axispeak €376,369 (2024)
-€139,501▼ €515,870
lowest -€90,196 (2025)
-€90,196▼ €374,288
peak €292,092 (2024)
€201,897▼ 30.9%
€3.5m▲ 8.7%
Board2 names since 2023
2 directorsTARRAHI Nourden and 1 other
Documentsfilings and deeds
22-07-20269 days before the deadline
2025abbreviated format
Gross margin from €376,369 to -€139,501Loss of €90,196Appointment: Pardeep HEER (director) 27-08Equity from €292,092 to €201,897Investments €28,335Cash from €22,385 to €759
Key points
from the 2025 annual accountsDebts
€3.5m 95% of the balance sheet
Financial debts 40%Suppliers 56%Taxes and wages 4%
Of this, €2.1m falls due within a year.
Investments
€21,735 3.2 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.75 was 2.87 in 2024
Short-term debts rose from €1.2m to €2.1m.
At the same address
41 companies
Position in the sector
-€90,196
Lower net result than 94% of companies in financial services. Sector median €51,427 · 6,707 companies.
Financial institution: outside the modelBankruptcy probability: sector outside the model
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
Three signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 6708 sector peers (2025).
NBB · sector comparisonPosition among 6708 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · Young company
Founded in 2023, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
9 days early
2024
272 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 132 days after 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointment: Pardeep HEER (director)
General meeting of 25-02-2025 · Gazette deed
Incorporation
Founding capital of €8,000, 1,000 shares · Founder: TARRAHI Nourden · Appointment: TARRAHI Nourden (director) · published on 01-12-2023 · Gazette deed
First establishment
Meir 78, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Etnodis Antwerp | €3.7m | -€139,501 | 5.5% | - |
| Aqcelerator Aartselaar | €4.1m | -€19,592 | 99.4% | - |
| Bnewable Assetco Mechelen | €3.5m | -€34,674 | -1.6% | - |
| Automobi Financial Services Herentals | €2.7m | -€3,099 | 1.1% | - |
| AIM HOLDCO Ghent | €3.8m | -€7,969 | 97.5% | - |
| SASIMMO Roeselare | €4.1m | -€1,856 | 99.5% | - |
| MediaXpert Watermael-Boitsfort | €3.7m | -€6,664 | -2.1% | - |
These companies have the same main activity as Etnodis: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €2.7m and €4.1m, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 29-11-2023Normal situation
- Registered office
- 42 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Activities of holding companiesNACE 64210and 5 others
- Establishment unit
- 2.353.040.9452000 Antwerp, since 29-11-2023
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €3.7m▲ 5.4%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on Etnodis
Etnodis 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 €201,897 and a net result of -€90,196.
Its solvency ranks better than 10% of 6,708 sector peers (NACE 64, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
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 Etnodis
- What is the company number of Etnodis?
- The company number of Etnodis is 1002.768.083. The VAT number is the same number with BE in front: BE 1002.768.083.
- Where is Etnodis based?
- The registered office is at Meir 78, 2000 Antwerp.Company details
- What does Etnodis do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of Etnodis?
- Etnodis is a private limited company (BV).
- When was Etnodis founded?
- Etnodis was founded on 29-11-2023.
- Is Etnodis still active?
- Yes, Etnodis is an active enterprise in the KBO register.
- What is the turnover of Etnodis?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is Etnodis profitable?
- In financial year 2025, Etnodis made a loss of €90,196.
- Where can I find the annual accounts of Etnodis?
- Etnodis filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Etnodis due?
- Etnodis must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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