Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
75 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Ethic Transport from Liège, company number BE0805221447, closed financial year 2025 with a result of € -13,103 after tax. For that financial year Ethic Transport recorded a gross margin of € 155,833 and equity of € -1,989. Compared with financial year 2024, the result moved from € 11,113 to € -13,103. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ -1,989
▼ € 13,103 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,103
▼ still € 11,113 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1,990.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 157,303
▼ 5% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,728
▲ € 3,021 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 16,492
Loans from banks and other lenders, long and short.
€ 20,230
▼ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 71,538
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 193,046 | € 155,833 | ▼ 19% |
| Profit after taxes | € 11,113 | € -13,103 | ▼ € 24,216 |
| Equity | € 11,114 | € -1,989 | ▼ € 13,103 |
| Total debts | € 94,759 | € 108,259 | ▲ 14% |
| Cash | € 10,736 | - | |
| Retained profit | € 11,113 | € -1,990 | ▼ € 13,103 |
| Bank debt | € 0 | € 16,492 | |
| Balance sheet total | € 105,873 | € 106,271 |
Key figures of Ethic Transport, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Ethic Transport?
What happened at Ethic Transport in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,103 (▼ € 24,216 vs 2024). filed late Source: NBB ↗
- New establishment in Liège. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- BILAL EL MOUSTAKIM became a director. NBB
In short
From € 11,113 profit in 2024 to € 13,103 loss in 2025.
Paid € 2,793 in corporate taxes since 2024.
Best year ever: 2024, with € 11,113 profit.
Management
Behind Ethic Transport is BILAL EL MOUSTAKIM.
Directors
According to the 2025 annual accounts
BILAL EL MOUSTAKIM
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Rue des Guillemins 139
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 75 companies are registered at this address.
All companies at this address →Marché couvert de Battice
€ 367,913 gross margin · 2025
Association Royale des Médecins diplômés de l'Université de Liège
TILKIN SPORTS
€ -19,715 gross margin · 2025
Immobilière européenne
€ 72,516 gross margin · 2025
GESTION LOISIRS
€ -9,609 gross margin · 2025
+70 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Hosting & Email
Email provider
Google Workspace
Hosting
NETWORK-SOLUTIONS-HOSTING - Network Solutions, LLC, US
Domain
Domain
ethictransport.com
Registered
2020-09-28
Registrar
Domain.com - Network Solutions, LLC
Expires
2028-09-28
Website info
Features
Security
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- El Moustakim, Bilal Aymen Lahcen(oprichter) 100%
Details
- Company number
- 0805.221.447
- VAT number
- BE 0805.221.447
- Registered office
- Rue des Guillemins 139, 4000 Liège
- Names & denominations
- Ethic Transport
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 August 2023
- Peppol
- Active · Active since 22 Feb 2026
- Contact
- ethictransport.com [email protected]
- Activities · NACE
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