E.R.C.
ActiveE.R.C. has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €-9k. Equity is shrinking by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 888 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency68▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.95 in 2024; short-term debt: 55.7% and cash: 4.1% of total assets), and 56.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.1%
Return on assets
-19.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-9k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
6 d late
2024
6 d early
2023
22 d early
2022
8 d late
2021
2 d late
2020
3 d early
2019
28 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-9k▲ 41.1%
2024 · €-16k
2018: €-9k
2019: €3k
2020: €-7k
2021: €18k
2022: €-12k
2023: €-11k
2024: €-16k
2018 → 2025
Working capital
€11k▼ 47.3%
2024 · €20k
2018: €50k
2019: €53k
2020: €44k
2021: €64k
2022: €53k
2023: €43k
2024: €20k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€68k-€57k▼ 17.0%€45k▼ 20.1%€29k▼ 34.9%€20k▼ 31.6%
Operating result€25k-€-10k€-10k▲ 1.0%€-15k▼ 47.0%€-9k▲ 43.1%
Net result€18k-€-12k€-11k▲ 1.9%€-16k▼ 38.4%€-9k▲ 41.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €15k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€10k▼ 23.8%
Current assets
€37k▼ 11.7%
Equity and liabilities €47k
Equity
€20k▼ 31.6%
Debt
€27k▲ 5.1%
The debt ratio rises from 46.2% to 56.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▲
2024 · €-12k
Cash flow
€-6k▲
2024 · €-13k
Solvency
43.1%▼
2024 · 53.8%
Current ratio
1.41▼
2024 · 1.95
Quick ratio
0.15▼
2024 · 0.21
Debt / equity
1.32▲
2024 · 0.86
ROE
-46.1%▲
2024 · -53.6%
ROA
-19.9%▲
2024 · -28.8%
Interest coverage
-6.35▲
2024 · -14.64
Debt
€27k▲
2024 · €25k
Debt ≤ 1 year
€26k▲
2024 · €21k
Debt > 1 year
€569▼
2024 · €4k
Income taxes
€144▼
2024 · €149
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€55k€47k▼
Fixed assets21/28€13k€10k▼
Tangible fixed assets22/27€7k€3k▼
Furniture and vehicles24€7k€3k▼
Financial fixed assets28€7k€7k=
Current assets29/58€41k€37k▼
Stocks and contracts in progress3€37k€33k▼
Stocks30/36€37k€33k▼
Amounts receivable within one year40/41€2k€2k▼
Trade receivables40€2k€2k▼
Cash at bank and in hand54/58€2k€2k▲
Deferred charges and accrued income490/1€826€186▼
Equity and liabilities
Total equity and liabilities10/49€55k€47k▼
Equity10/15€29k€20k▼
Contributions10/11€19k€19k=
Reserves13€9k€9k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€1k€-8k▼
Amounts payable17/49€25k€27k▲
Amounts payable after more than one year17€4k€569▼
Financial debts170/4€4k€569▼
Amounts payable within one year42/48€21k€26k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€8k€9k▲
Suppliers440/4€8k€9k▲
Taxes, remuneration and social security45€896€565▼
Taxes450/3€896€565▼
Other amounts payable47/48€9k€13k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-11k€-4k▲
Operating profit (loss)9901€-15k€-9k▲
Financial income75/76B€247€281▲
Recurring financial income75€247€281▲
Financial charges65/66B€806€855▲
Recurring financial charges65€806€855▲
Profit (loss) for the period before taxes9903€-16k€-9k▲
Income taxes67/77€149€144▼
Profit (loss) for the period9904€-16k€-9k▲
Profit (loss) for the period to be appropriated9905€-16k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-8k▲
Profit (loss) brought forward from the previous period14P€-752€1k▲
Transfer from equity791/2€18k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 8 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
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, La Louvière · 1 establishment unit since 1997
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.
Chaussée Paul Houtart(H-G) 2517110 La LouvièreGround area
283 m²
Building footprint
109 m²
Volume, LiDAR
1,010 m³
Parcel 55020C0817/00N002, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
E.R.C.
since 19972.010.621.245
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55020C0817/00N002 | Wallonia | 283 m² | 1 · 109 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BUBBLES JUMP ATH
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Of 298 companies in sector 93293 we hold annual accounts for 190. 78 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-10-1974
Fiscal year end31-12
Activities, NACEBEL
92722
93293Sports, amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.