E.R. BOUW
ActiveE.R. BOUW has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €70k and a net result of €38k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 7446 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▲+8
Solvency30▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.42 against 0.31 in 2023; short-term debt: 27.7% and cash: 1.6% of total assets), and 94.8% of the assets are financed with debt.
Credit advice for your own amount and term
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 7446 sector peers (2024).
NBB · sector comparisonPosition among 7446 sector peers
Solvency
better than 8%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €70k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
40 d early
2022
35 d early
2021
30 d early
2020
16 d early
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€70k▲ 116%
2023 · €32k
2018: €4k
2019: €4k
2020: €-16k
2021: €-42k
2022: €3k
2023: €32k
2018 → 2024
Total assets
€1.34M▼ 1.9%
2023 · €1.37M
2018: €9k
2019: €10k
2020: €523k
2021: €1.12M
2022: €1.39M
2023: €1.37M
2018 → 2024
Net result
€38k▲ 28.4%
2023 · €29k
2018: €-794
2019: €144
2020: €-20k
2021: €-26k
2022: €45k
2023: €29k
2018 → 2024
Working capital
€-214k▲ 19.1%
2023 · €-264k
2018: €4k
2019: €4k
2020: €-441k
2021: €-202k
2022: €-309k
2023: €-264k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-16k-€-42k▼ 164%€3k€32k▲ 917%€70k▲ 116%
Operating result€-18k-€-12k▲ 37.1%€70k€63k▼ 11.1%€73k▲ 16.6%
Net result€-20k-€-26k▼ 32.5%€45k€29k▼ 34.8%€38k▲ 28.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 17% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.34M
Fixed assets
€1.18M▼ 5.0%
Current assets
€157k▲ 30.1%
Equity and liabilities €1.34M
Equity
€70k▲ 116%
Debt
€1.27M▼ 4.8%
The debt ratio falls from 97.6% to 94.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€137k▲
2023 · €127k
Cash flow
€102k▲
2023 · €93k
Solvency
5.2%▲
2023 · 2.4%
Current ratio
0.42▲
2023 · 0.31
Quick ratio
0.42▲
2023 · 0.31
Debt / equity
18.15▼
2023 · 41.14
ROE
53.7%▼
2023 · 90.2%
ROA
2.8%▲
2023 · 2.1%
Interest coverage
5.72▲
2023 · 4.90
Debt
€1.27M▼
2023 · €1.33M
Debt ≤ 1 year
€371k▼
2023 · €385k
Debt > 1 year
€855k▼
2023 · €926k
Income taxes
€13k▲
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.37M€1.34M▼
Fixed assets21/28€1.25M€1.18M▼
Tangible fixed assets22/27€1.25M€1.18M▼
Land and buildings22€1.22M€1.16M▼
Plant, machinery and equipment23€22k€19k▼
Current assets29/58€121k€157k▲
Amounts receivable within one year40/41€111k€135k▲
Trade receivables40€69k€80k▲
Other amounts receivable41€42k€55k▲
Cash at bank and in hand54/58€10k€22k▲
Equity and liabilities
Total equity and liabilities10/49€1.37M€1.34M▼
Equity10/15€32k€70k▲
Contributions10/11€6k€6k=
Reserves13€26k€64k▲
Distributable reserves133€26k€64k▲
Amounts payable17/49€1.33M€1.27M▼
Amounts payable after more than one year17€926k€855k▼
Financial debts170/4€926k€855k▼
Amounts payable within one year42/48€385k€371k▼
Current portion of amounts payable after more than one year42€75k€76k▲
Trade debts44€24k€30▼
Suppliers440/4€24k€30▼
Taxes, remuneration and social security45€10k€15k▲
Taxes450/3€10k€15k▲
Other amounts payable47/48€276k€280k▲
Accrued charges and deferred income492/3€22k€43k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€64k▲
Other operating charges640/8€2k€187▼
Gross operating margin9900€129k€137k▲
Operating profit (loss)9901€63k€73k▲
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€26k€24k▼
Recurring financial charges65€26k€24k▼
Profit (loss) for the period before taxes9903€38k€50k▲
Income taxes67/77€9k€13k▲
Profit (loss) for the period9904€29k€38k▲
Profit (loss) for the period to be appropriated9905€29k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€38k▲
Profit (loss) brought forward from the previous period14P€-3k-
Transfer to equity691/2€26k€38k▲
To other reserves6921€26k€38k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €45k
Net result €45k after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €144
Net result €144 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Houthalen-Helchteren · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Weg naar Zwartberg 133530 Houthalen-HelchterenGround area
5,329 m²
Building footprint
2,059 m²
Volume, LiDAR
14,744 m³
2 parcels, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
E.R. Bouw
since 20142.229.502.537
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72452E0509/00Z000 | Flanders | 3,157 m² | 1 · 1,150 m² | 10.3 m · 3 fl. |
| 71302A0032/00K035 | Flanders | 2,172 m² | 1 · 909 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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IVO DE BACKER
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Of 7,294 companies in sector 43350 we hold annual accounts for 2,361. 1,999 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-01-2014
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.