E.R.C.
ActiveThe computed 12-month bankruptcy probability of E.R.C. is 2.0% (moderate). The 2024 annual accounts show negative equity (€-48k) and a net result of €-5k. Equity is shrinking by ~46.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 9982 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability48▼-52
Solvency67=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 7.23 against 4.86 in 2023), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-86.4%
Return on assets
-8.3%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
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 · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€48k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
57 d late
2022
60 d late
2021
87 d late
2020
90 d late
2019
3 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-48k▼ 10.6%
2023 · €-43k
2018: €-5k
2019: €-6k
2020: €-16k
2021: €-21k
2022: €-7k
2023: €-43k
2018 → 2024
Total assets
€55k▼ 20.8%
2023 · €70k
2018: €38k
2019: €35k
2020: €68k
2021: €57k
2022: €101k
2023: €70k
2018 → 2024
Net result
€-5k▲ 87.3%
2023 · €-36k
2018: €-10k
2019: €-443
2020: €-10k
2021: €-5k
2022: €14k
2023: €-36k
2018 → 2024
Working capital
€15k▲ 41.1%
2023 · €10k
2018: €-13k
2019: €-13k
2020: €-53k
2021: €-51k
2022: €-83k
2023: €10k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-16k-€-21k▼ 31.2%€-7k▲ 66.4%€-43k▼ 506%€-48k▼ 10.6%
Operating result€-10k-€-5k▲ 53.2%€14k€-36k€-4k▲ 88.0%
Net result€-10k-€-5k▲ 51.4%€14k€-36k€-5k▲ 87.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2024 against €36k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55k
Fixed assets
€38k▼ 32.6%
Current assets
€17k▲ 30.1%
Key figures and ratios
EBITDA
€16k▲
2023 · €-15k
Cash flow
€16k▲
2023 · €-15k
Solvency
-86.4%▼
2023 · -61.8%
Current ratio
7.23▲
2023 · 4.86
Quick ratio
4.24▲
2023 · 2.25
Debt / equity
-2.16▲
2023 · -2.62
ROE
9.6%▼
2023 · 83.5%
ROA
-8.3%▲
2023 · -51.6%
Interest coverage
121.09▲
2023 · -148.68
Debt
€103k▼
2023 · €113k
Debt ≤ 1 year
€2k▼
2023 · €3k
Debt > 1 year
€101k▼
2023 · €110k
Income taxes
€174▲
2023 · €102
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€70k€55k▼
Fixed assets21/28€57k€38k▼
Tangible fixed assets22/27€57k€38k▼
Plant, machinery and equipment23€35k€27k▼
Furniture and vehicles24€19k€10k▼
Other tangible fixed assets26€2k€2k▼
Current assets29/58€13k€17k▲
Stocks and contracts in progress3€7k€7k▲
Stocks30/36€7k€7k▲
Amounts receivable within one year40/41€1k€7k▲
Trade receivables40€121€6k▲
Other amounts receivable41€1k€1k▼
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€70k€55k▼
Equity10/15€-43k€-48k▼
Contributions10/11€7k€7k=
Capital10€7k€7k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Profit (loss) carried forward14€-50k€-55k▼
Amounts payable17/49€113k€103k▼
Amounts payable after more than one year17€110k€101k▼
Other amounts payable178/9€110k€101k▼
Amounts payable within one year42/48€3k€2k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€251€294▲
Taxes450/3€251€294▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▼
Other operating charges640/8€876€1k▲
Non-recurring operating charges66A-€3
Gross operating margin9900€-14k€18k▲
Operating profit (loss)9901€-36k€-4k▲
Financial income75/76B-€58
Recurring financial income75-€58
Financial charges65/66B€102€135▲
Recurring financial charges65€102€135▲
Profit (loss) for the period before taxes9903€-36k€-4k▲
Income taxes67/77€102€174▲
Profit (loss) for the period9904€-36k€-5k▲
Profit (loss) for the period to be appropriated9905€-36k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-50k€-55k▼
Profit (loss) brought forward from the previous period14P€-14k€-50k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Weakest financial yearnet €-36k ▼356%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 21current ratio 4.86
Current ratio from 0.23 to 4.86; short-term debt falls from €108k to €3k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €14k
Net result €14k after 4 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 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, Jodoigne · 1 establishment unit since 2013
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.
Rue de la Ramée(Jauch.) 351370 JodoigneGround area
1,465 m²
Building footprint
117 m²
Volume, LiDAR
729 m³
Parcel 25047B0045/00Z000, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Ramée(Jauch.) 35, 1370 Jodoigne
since 20132.220.833.608
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25047B0045/00Z000 | Wallonia | 1,465 m² | 1 · 117 m² | 9.5 m · 2 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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Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 6,200 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-08-2013
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:e-r-c.be