Equity
ATELIER D'ARCHITECTURE BRUNO ERPICUM & PARTENAIRES has made a profit without a break since 2023.
ATELIER D'ARCHITECTURE BRUNO ERPICUM & PARTENAIRES has made a profit without a break since 2023.
The result fell in 2025: different schema filed.
The accounts state no turnover.
Five of the last ten came late. The 2023 accounts came latest: 30 days after the end of the period.
More equity than 86% of companies in architecture and engineering. Sector median €194,129 · 2,568 companies.
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 40% of them on solvency, 48% on liquidity, 31% on profitability and 47% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 17,041 companies had the same profile as ATELIER D'ARCHITECTURE BRUNO ERPICUM & PARTENAIRES has now. Each dot stands for 43 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ATELIER D'ARCHITECTURE BRUNO ERPICUM & PARTENAIRES itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for ATELIER D'ARCHITECTURE BRUNO ERPICUM & PARTENAIRES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 11.54 (10.79 in 2024), above the usual 1.5. Short-term debt is 7.7% and cash 8.7% of total assets. However, 58.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 9 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ATELIER D'ARCHITECTURE BRUNO ERPICUM & PARTENAIRES Wavre | €2.7m | €270,304 | 41.8% | 1 |
| SYNTAXE- BUREAU D'ARCHITECTES Ittre | €2.6m | €346,342 | 53.3% | 1.1 |
| MERTENS-ARCHITECTEN Stabroek | €2.2m | €258,432 | 45.9% | 1 |
| VIZZION EUROPE Woluwe-Saint-Pierre | €3.2m | €217,536 | -163.8% | 1.8 |
| SYMOENS GEERT ARCHITECTENBUREAU Zele | €1.6m | €292,937 | 91.2% | 1 |
| PROJECTSTUDIE- EN COORDINATIE Turnhout | €2.6m | €401,171 | 70.1% | 1 |
| Kegels Expertenbureau Antwerp | €1.9m | €197,360 | 84.0% | 0.8 |
These companies have the same main activity as ATELIER D'ARCHITECTURE BRUNO ERPICUM & PARTENAIRES: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €1.6m and €3.2m, founded between 1987 and 2004.
ATELIER D'ARCHITECTURE BRUNO ERPICUM & PARTENAIRES files the abbreviated format. That format states no turnover. The gross margin rose from €141,759 in 2006 to €270,304 in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets.
ERPICUM holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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