ACTIVE

ETHIKA

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Financial year 2025 · closed on 31/12/2025
Net result
-3,9 k €
-153.2% YoY
Gross margin
9,8 k €
-47.4% YoY
Equity
59,9 k €
-6.1% YoY

What does ETHIKA do?

ETHIKA is a Private company with limited liability incorporated in 2008. Its main activity is: Retail sale of footwear and leather goods in specialised stores. Its registered office is in Kraainem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0807.153.232
Incorporation
16/10/2008
Legal form
Private company with limited liability
Registered office
Avenue des Pinsons 12
1950 Kraainem · FlandreSee on map
Contributed capital
36 493,70 €
Latest accounts
31/12/2025
Activities (NACE)
47721Retail sale of footwear and leather goods in specialised stores· main47721Retail sale of footwear and leather goods in specialised stores46190Agents involved in the sale of a variety of goods46190Agents involved in the sale of a variety of goods47715Retail sale of clothing in specialised stores47715Retail sale of clothing in specialised stores+2
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross margin9,8 k €18,7 k €5,8 k €-5,5 k €21,9 k €-7,1 k €-18,2 k €48,4 k €2,8 k €-26,7 k €55,7 k €44,6 k €931,9 €-9,8 k €7,3 k €8,2 k €12,8 k €
EBITDA9,6 k €17,4 k €3,5 k €-7,4 k €21,3 k €-7,7 k €-21,2 k €46,4 k €287,8 €-27,6 k €53,9 k €44,2 k €181,2 €-9,9 k €6,9 k €8,1 k €12,7 k €
Operating result-2,4 k €8,7 k €1,4 k €-10 k €18,1 k €-11,5 k €-28,7 k €39,5 k €-7,8 k €-36,8 k €43,5 k €41,5 k €-1,1 k €-10,3 k €3,2 k €6,7 k €10,7 k €
Net result-3,9 k €7,3 k €785,8 €-11,2 k €21,4 k €-7,9 k €-29,1 k €37,5 k €-10,5 k €-39,1 k €32,8 k €25,5 k €-2,4 k €-11,6 k €2,3 k €5 k €6,6 k €
Balance sheet
Equity59,9 k €63,8 k €56,5 k €55,7 k €66,9 k €45,5 k €53,4 k €82,6 k €44,6 k €55,1 k €94,2 k €61,5 k €35,9 k €38,3 k €49,9 k €47,6 k €42,6 k €
Total assets158,7 k €157,1 k €78,9 k €70,7 k €87,9 k €72,7 k €73,7 k €105,5 k €68,3 k €76,2 k €118 k €76,3 k €51,3 k €73,3 k €87,4 k €83,6 k €75,4 k €
Cash28,1 k €17 k €9,4 k €11,5 k €14,7 k €10,4 k €10,1 k €25,3 k €4,9 k €10,4 k €20,3 k €26,7 k €3,9 k €3,5 k €5,9 k €6,8 k €4,1 k €
Debts98,8 k €93,3 k €22,4 k €15 k €21,1 k €27,2 k €20,3 k €22,9 k €23,6 k €19,8 k €23,7 k €14,9 k €15,4 k €34,7 k €37,5 k €32,9 k €32,8 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Rosangela Maia

Manager

Active

Ended mandates

Patrick JAILLARD

Manager · since 16 octobre 2008

Ended
Rosangela MAIA

Manager · since 16 octobre 2008

Ended
Patrick JAILLARD

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/07/202604/07/202520/06/202431/05/202316/09/202206/07/2021
General meeting26/05/202627/05/202528/05/202423/05/202324/06/202225/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202526/05/202608/07/2026FrenchPDF
Micro model31/12/202427/05/202504/07/2025FrenchPDF
Micro model31/12/202328/05/202420/06/2024FrenchPDF
Micro model31/12/202223/05/202331/05/2023FrenchPDF
Micro model31/12/202124/06/202216/09/2022FrenchPDF
Micro model31/12/202025/05/202106/07/2021FrenchPDF
Micro model31/12/201926/05/202004/09/2020FrenchPDF
Micro model31/12/201828/05/201919/07/2019FrenchPDF
Micro model31/12/201722/05/201819/06/2018FrenchPDF
Micro model31/12/201623/05/201706/07/2017FrenchPDF
Abridged model31/12/201524/05/201613/06/2016FrenchPDF
Abridged model31/12/201419/06/201519/06/2015FrenchPDF
Abridged model31/12/201320/06/201404/08/2014FrenchPDF
Abridged model31/12/201224/06/201327/08/2013FrenchPDF
Abridged model31/12/201124/06/201228/09/2012FrenchPDF
Abridged model31/12/201028/06/201130/01/2012FrenchPDF
Abridged model31/12/200920/06/201030/09/2010FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Rosangela Maia

Manager

Active

Ended mandates

Patrick JAILLARD

Manager · since 16 octobre 2008

Ended
Rosangela MAIA

Manager · since 16 octobre 2008

Ended
Patrick JAILLARD

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/08/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/02/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/06/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/10/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office27/01/2014
    SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other24/10/2008
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-3,9 k €↓
  2. 2024
    Annual accounts 20247,3 k €↑
  3. 2023
    Annual accounts 2023785,8 €↑
  4. 2022
    Annual accounts 2022-11,2 k €↓
  5. 2021
    Annual accounts 202121,4 k €↑
  6. 2020
    Annual accounts 2020-7,9 k €↑
  7. 2019
    Annual accounts 2019-29,1 k €↓
  8. 2018
    Annual accounts 201837,5 k €↑
  9. 2017
    Annual accounts 2017-10,5 k €↑
  10. 2016
    Annual accounts 2016-39,1 k €↓
  11. 2015
    Annual accounts 201532,8 k €↑
  12. 2014
    Annual accounts 201425,5 k €↑
  13. 2013
    Annual accounts 2013-2,4 k €↑
  14. 2012
    Annual accounts 2012-11,6 k €↓
  15. 2011
    Annual accounts 20112,3 k €↓
  16. 2010
    Annual accounts 20105 k €↓
  17. 2009
    Annual accounts 20096,6 k €
  18. 16/10/2008
    IncorporationPrivate company with limited liability