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E.R.C.

Active
Private limited companyfounded 201313 yrs activeDoorniksesteenweg 22, 8580 Avelgem, BelgiumKBO/BCE: BE 0526.903.604
Summary

E.R.C. has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€131,799) and a net result of €5,515. Equity is shrinking by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 1714 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
E.R.C.ActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Renting and leasing of cars and light motor vehicles
NACE 77110
#6 oldest company in Avelgem, Administrative and support services sector1 site
Size
€121,997total assets 2025
Equity
-€131,799
Profit
€5,515
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2025
Bankruptcy chance 12 m
0.8%
Structure
Accounts on time0 of 4 deeds read
Why 54Capped at 59: negative equity- Negative equity -€131,799- Figures for FY 2025 (filed 31-10-2025)+ Size: total assets €121,997+ Founded in 2013Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 33% of its sector peers (NACE 77, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -108.0% of total assets
Liquidity 8+5
short-term debt 97.2% · cash 6.2%
Profitability 74+4
return on assets 4.5%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (3,142 companies)
Last 24 months 11-2024: 2.3%highest value 12-2024: 0.8%▼ -66.5% vs 11-2024 01-2025: 0.6%▼ -14.5% vs 12-2024 02-2025: 0.6%● 0.0% vs 01-2025 03-2025: 0.6%● 0.0% vs 02-2025 04-2025: 0.6%▼ -1.1% vs 03-2025 05-2025: 0.6%● 0.0% vs 04-2025 06-2025: 0.6%▼ -2.5% vs 05-2025 07-2025: 0.6%▲ +1.8% vs 06-2025 08-2025: 0.6%▼ -4.4% vs 07-2025 09-2025: 0.6%▼ -2.5% vs 08-2025 10-2025: 0.7%▲ +22.7% vs 09-2025 11-2025: 0.6%▼ -15.0% vs 10-2025 12-2025: 0.6%● 0.0% vs 11-2025 01-2026: 0.6%● 0.0% vs 12-2025 02-2026: 0.6%● 0.0% vs 01-2026 03-2026: 0.6%● 0.0% vs 02-2026 04-2026: 0.6%▼ -1.1% vs 03-2026 05-2026: 0.6%▲ +0.8% vs 04-2026 06-2026: 0.6%▼ -2.4% vs 05-2026 07-2026: 0.6%▲ +3.6% vs 06-2026 08-2026: 0.6%▼ -3.8% vs 07-2026 09-2026: 0.6%▼ -3.2% vs 08-2026lowest value 10-2026: 0.8%▲ +30.6% vs 09-2026
  • Size: total assets €121,997 lowers the probability for this profile
  • Negative equity -€131,799 raises the probability
  • Founded in 2013 lowers the probability for this profile
  • Figures for FY 2025 (filed 31-10-2025) raises the probability
No credit on open account
Liquidity short (current ratio 0.43 against 0.43 in 2024; short-term debt: 97.2% and cash: 6.2% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 77, micro). Better than this share of them on solvency 7%, liquidity 10%, profitability 62%, growth against the median 52%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €121,997
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€131,799
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2013
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Figures for FY 2025 (filed 31-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1714 sector peers (2025).
NBB · sector comparison
Position among 1714 sector peers
Solvency
better than 9%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
on the day
2024
on the day
2023
22 d late
2022
10 d late
2021
10 d late
2020
on the day
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 10 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close03-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Highest result since 2019net €5,515 ▲367%
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€131,799 View
  • Caution: Among the weakest 5% on equitysector median €46,528 · 1,719 companies -€131,799 View
  • Total assets 20256 fiscal years filed €121,997 View

By topic

Financials

Fiscal year
2025
Total assets
€121,997
Profit
€5,515
Solvency
-108.0%
Total assets▼ 18.5%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-10-2026
  1. 31-10-2025Annual accounts filed
  2. 31-03-2025Highest result since 2019
  3. 31-10-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Renting and leasing of cars and light motor…NACE 77110
Founded
15-04-2013
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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