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Nutri-Ethic

Active
Public limited companyfounded 200620 yrs activeJachtmeestersstraat 57, 7850 Enghien, BelgiumKBO/BCE: BE 0880.655.179
Summary

Nutri-Ethic has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92,110 and a net result of €580. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 4209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability44▼-26
Solvency52▼-26
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 2.07 in 2024; short-term debt: 72.7% and cash: 19.9% of total assets), and 72.7% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
27.3%
Return on assets
0.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
27 d late
2024
56 d early
2023
58 d early
2022
54 d early
2021
46 d early
2020
25 d late
2019
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 19 days before 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Nutri-Ethic was incorporated on 31 March 2006.1 Total assets rose from EUR 87,693 in 2018 to EUR 337,135 in 2025 and headcount from 0.8 full-time equivalents in 2018 to 0.6 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2024 and 2025

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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
€580▼ 72.5%
2024 · €2,109
Working capital
€89,339▲ 4.4%
2024 · €85,539
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
Line20212022202320242025
Operating result€55,868▲ 286%€6,145▼ 89.0%€6,953▲ 13.1%€2,465▼ 64.6%€5,434▲ 120%
Net result€38,424above the sector's middle half▲ 334%€3,364within the sector's middle half▼ 91.2%€4,706within the sector's middle half▲ 39.9%€2,109within the sector's middle half▼ 55.2%€580within the sector's middle half▼ 72.5%
Equity€84,715within the sector's middle half▲ 39.8%€84,715within the sector's middle half=€89,421within the sector's middle half▲ 5.6%€91,530within the sector's middle half▲ 2.4%€92,110below the sector's middle half▲ 0.6%
Total assets€157,965within the sector's middle half▲ 5.5%€159,461within the sector's middle half▲ 0.9%€149,179within the sector's middle half▼ 6.4%€171,421below the sector's middle half▲ 14.9%€337,135below the sector's middle half▲ 96.7%
Debt€73,250▼ 17.8%€74,746▲ 2.0%€59,758▼ 20.1%€79,891▲ 33.7%€245,025▲ 207%
Working capital€81,069▲ 40.4%€81,403▲ 0.4%€81,665▲ 0.3%€85,539▲ 4.7%€89,339▲ 4.4%
Solvency53.6%within the sector's middle half▲ 13.2pp53.1%within the sector's middle half▼ 0.5pp59.9%within the sector's middle half▲ 6.8pp53.4%within the sector's middle half▼ 6.5pp27.3%within the sector's middle half▼ 26.1pp
Staff (FTE)1▲ 11.1%1=1=0.6below the sector's middle half▼ 40.0%0below the sector's middle half▼ 100%
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
€0€20,000€40,000€60,000Operating result 2021: €55,868€55,868Net result 2021: €38,424€38,424Operating result 2022: €6,145€6,145Net result 2022: €3,364€3,364Operating result 2023: €6,953€6,953Net result 2023: €4,706€4,706Operating result 2024: €2,465€2,465Net result 2024: €2,109€2,109Operating result 2025: €5,434€5,434Net result 2025: €580€58020212022202320242025€0€2,000€4,000€6,000Operating result 2023: €6,953€6,950Net result 2023: €4,706€4,710Operating result 2024: €2,465€2,460Net result 2024: €2,109€2,110Operating result 2025: €5,434€5,430Net result 2025: €580€580202320242025
The operating result recovers in 2025; 2025 is 120% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €337,135
Fixed assets €2,771 ▼ 53.8%
Current assets €334,364 ▲ 102%
Equity and liabilities €337,135
Equity €92,110 ▲ 0.6%
Debt €245,025 ▲ 207%
Debt's share of the balance-sheet total rises from 46.6% to 72.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€6,710▲
2024 · €4,229
Cash flow
€1,856▼
2024 · €3,873
Current ratio
1.36▼
2024 · 2.07
Quick ratio
0.44▼
2024 · 1.10
Debt to equity
2.66▲
2024 · 0.87
ROE
0.6%▼
2024 · 2.3%
ROA
0.2%▼
2024 · 1.2%
Interest coverage
3.06▼
2024 · 14.35
Debt ≤ 1 year
€245,025▲
2024 · €79,891
Income taxes
€2,924▲
2024 · €1,923
Staff costs
€0▼
2024 · €14,621
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,972 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.2% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 3,972 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet Code20242025
Assets
Total assets20/58€171,421€337,135▲
Fixed assets21/28€5,991€2,771▼
Tangible fixed assets22/27€4,046€2,771▼
Furniture and vehicles24€4,046€2,771▼
Financial fixed assets28€1,945€0▼
Current assets29/58€165,430€334,364▲
Stocks and contracts in progress3€77,375€227,139▲
Stocks30/36€77,375€227,139▲
Amounts receivable within one year40/41€60,890€37,298▼
Trade receivables40€55,282€23,844▼
Other amounts receivable41€5,608€13,453▲
Cash at bank and in hand54/58€26,461€67,130▲
Deferred charges and accrued income490/1€704€2,797▲
Equity and liabilities
Total equity and liabilities10/49€171,421€337,135▲
Equity10/15€91,530€92,110▲
Contributions10/11€80,000€80,000=
Capital10€80,000€80,000=
Issued capital100€80,000€80,000=
Reserves13€9,527€9,556▲
Non-distributable reserves130/1€105€134▲
Legal reserve130€105€134▲
Distributable reserves133€9,421€9,421=
Profit (loss) carried forward14€2,003€2,554▲
Amounts payable17/49€79,891€245,025▲
Amounts payable within one year42/48€79,891€245,025▲
Financial debts43-€5,877
Credit institutions430/8-€5,877
Trade debts44€69,339€236,019▲
Suppliers440/4€69,339€236,019▲
Taxes, remuneration and social security45€7,672€2,024▼
Taxes450/3€5,099€2,024▼
Remuneration and social security454/9€2,573€0▼
Other amounts payable47/48€2,880€1,105▼
Income statement Code20242025
Remuneration, social security and pensions62€14,621€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,764€1,276▼
Other operating charges640/8€387€2,515▲
Non-recurring operating charges66A-€1,809
Gross operating margin9900€19,238€11,034▼
Operating profit (loss)9901€2,465€5,434▲
Financial income75/76B€1,862€266▼
Recurring financial income75€1,862€266▼
Financial charges65/66B€295€2,196▲
Recurring financial charges65€295€2,196▲
Profit (loss) for the period before taxes9903€4,032€3,504▼
Income taxes67/77€1,923€2,924▲
Profit (loss) for the period9904€2,109€580▼
Profit (loss) for the period to be appropriated9905€2,109€580▼
Appropriation of the result
Profit (loss) to be appropriated9906€2,109€2,583▲
Profit (loss) brought forward from the previous period14P-€2,003
Transfer to equity691/2€105€29▼
To the legal reserve6920€105€29▼
Social balance
Average headcount (FTE)90870.60.0▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€43,672€44,165€43,728€14,621€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€644€1,132€960€1,764€1,276▼ 27.7%
Other operating charges640/8€348€348€384€387€2,515▲ 549%
Non-recurring operating charges66A----€1,809-
Gross operating margin9900€100,532€51,790€52,025€19,238€11,034▼ 42.6%
Operating profit (loss)9901€55,868€6,145€6,953€2,465€5,434▲ 120%
Financial income75/76B€3€9€1,059€1,862€266▼ 85.7%
Recurring financial income75€3€9€1,059€1,862€266▼ 85.7%
Financial charges65/66B€185€169€130€295€2,196▲ 645%
Recurring financial charges65€185€169€130€295€2,196▲ 645%
Profit (loss) for the period before taxes9903€55,686€5,985€7,882€4,032€3,504▼ 13.1%
Income taxes67/77€17,262€2,621€3,176€1,923€2,924▲ 52.0%
Profit (loss) for the period9904€38,424€3,364€4,706€2,109€580▼ 72.5%
Profit (loss) for the period to be appropriated9905€38,424€3,364€4,706€2,109€580▼ 72.5%
Line20212022202320242025Change
Assets
Total assets20/58€157,965€159,461€149,179€171,421€337,135▲ 96.7%
Fixed assets21/28€3,646€3,312€7,756€5,991€2,771▼ 53.8%
Tangible fixed assets22/27€1,701€1,367€5,811€4,046€2,771▼ 31.5%
Furniture and vehicles24€1,701€1,367€5,811€4,046€2,771▼ 31.5%
Financial fixed assets28€1,945€1,945€1,945€1,945€0▼ 100%
Current assets29/58€154,319€156,149€141,423€165,430€334,364▲ 102%
Stocks and contracts in progress3€82,978€74,092€82,839€77,375€227,139▲ 194%
Stocks30/36€82,978€74,092€82,839€77,375€227,139▲ 194%
Amounts receivable within one year40/41€40,879€48,076€47,461€60,890€37,298▼ 38.7%
Trade receivables40€34,890€45,938€44,408€55,282€23,844▼ 56.9%
Other amounts receivable41€5,989€2,138€3,053€5,608€13,453▲ 140%
Cash at bank and in hand54/58€28,765€33,981€11,123€26,461€67,130▲ 154%
Deferred charges and accrued income490/1€1,697--€704€2,797▲ 297%
Equity and liabilities
Total equity and liabilities10/49€157,965€159,461€149,179€171,421€337,135▲ 96.7%
Equity10/15€84,715€84,715€89,421€91,530€92,110▲ 0.6%
Contributions10/11€80,000€80,000€80,000€80,000€80,000=
Capital10€80,000€80,000€80,000€80,000€80,000=
Issued capital100€80,000€80,000€80,000€80,000€80,000=
Reserves13€4,715€4,715€9,421€9,527€9,556▲ 0.3%
Non-distributable reserves130/1---€105€134▲ 27.5%
Legal reserve130---€105€134▲ 27.5%
Distributable reserves133€4,715€4,715€9,421€9,421€9,421=
Profit (loss) carried forward14---€2,003€2,554▲ 27.5%
Amounts payable17/49€73,250€74,746€59,758€79,891€245,025▲ 207%
Amounts payable within one year42/48€73,250€74,746€59,758€79,891€245,025▲ 207%
Financial debts43----€5,877-
Credit institutions430/8----€5,877-
Trade debts44€30,208€38,730€39,436€69,339€236,019▲ 240%
Suppliers440/4€30,208€38,730€39,436€69,339€236,019▲ 240%
Taxes, remuneration and social security45€28,607€30,802€17,091€7,672€2,024▼ 73.6%
Taxes450/3€21,665€21,063€7,094€5,099€2,024▼ 60.3%
Remuneration and social security454/9€6,942€9,739€9,997€2,573€0▼ 100%
Other amounts payable47/48€14,435€5,214€3,231€2,880€1,105▼ 61.6%
Line20212022202320242025Change
Profit (loss) for the period9904€38,424€3,364€4,706€2,109€580▼ 72.5%
+ Depreciation and write-downs630€644€1,132€960€1,764€1,276▼ 27.7%
Operating cash flow (approximation)€39,068€4,496€5,666€3,873€1,856▼ 52.1%
Investment in fixed assets (approximation)--€798-€5,404€0€1,945▲ 883,991%
Change in cash-€5,216-€22,858€15,338€40,670▲ 165%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
05-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
03-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Highest result since 2018net €38,424 ▲334%
Operating result €55,868, net result €38,424, both a record.
25-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
28-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial Back to profitnet €26,213
Net result €26,213 after one loss-making year.
06-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
07-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
25-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Enghien · 1 establishment unit since 2019
seat establishment approximate The establishment unit on the map
Ground area
1.6 ha
Building footprint
4,770 m²
2 parcels, Wallonia. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Nutri-Ethic
Avenue des Artisans(GHI) 51, 7822 AthWholesale trade
since 20192.290.471.292
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
51024A0444/00H003 Wallonia 1.1 ha 1 · 4,570 m² -
55025D0652/00W004 Wallonia 4,996 m² 1 · 199 m² -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. STRATESCENCE 100%
  2. Nutri-Ethic

Highest known parent: STRATESCENCE. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of Nutri-Ethic and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 2,474 companies in sector 47279 we hold annual accounts for 949. 774 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded31-03-2006
Fiscal year end31-12
Activities, NACEBEL 2025
47279Other retail sale of food
10860Manufacture of food products
47639Retail sale of other sporting goods
Contact
E-mail yvan.leclercq@nutri-ethic.comAth
E-invoicing
Reachable via Peppol
Peppol ID 0208:0880655179
Also 9925:BE0880655179
Registered 29-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.