E.R.E.
ActiveSummary
E.R.E. has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €-6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 93% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100▲+24
Growth78▲+26
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 ample (current ratio 14.01 against 11.72 in 2024; short-term debt: 7.1% and cash: 79.5% of total assets), and 7.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
92.9%
Return on assets
-38.8%
Age of the figures
15 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
19202122232425
2019 to 2025 · latest year €-6k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
16 d early
2023
1 d late
2022
26 d late
2021
20 d late
2020
11 d early
2019
16 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€14k▼ 29.4%
2024 · €19k
2019: €3klowest in 7 years
2020: €14k▲ +371% vs 2019
2021: €43k▲ +217% vs 2020highest in 7 years
2022: €40k▼ -8.7% vs 2021
2023: €39k▼ -2.3% vs 2022
2024: €19k▼ -50.2% vs 2023
2025: €14k▼ -29.4% vs 2024
2019 → 2025
Total assets
€15k▼ 61.0%
2024 · €37k
2019: €236khighest in 7 years
2020: €100k▼ -57.6% vs 2019
2021: €69k▼ -31.0% vs 2020
2022: €56k▼ -18.9% vs 2021
2023: €54k▼ -3.0% vs 2022
2024: €37k▼ -31.0% vs 2023
2025: €15k▼ -61.0% vs 2024lowest in 7 years
2019 → 2025
Net result
€-6k▲ 70.8%
2024 · €-19k
2019: €-10k
2020: €11k▲ +212% vs 2019highest in 7 years
2021: €3k▼ -72.5% vs 2020
2022: €-4k▼ -248% vs 2021
2023: €-917▲ +79.1% vs 2022
2024: €-19k▼ -2016% vs 2023lowest in 7 years
2025: €-6k▲ +70.8% vs 2024
2019 → 2025
Working capital
€14k▼ 60.4%
2024 · €34k
2019: €-61klowest in 7 years
2020: €-14k▲ +77.4% vs 2019
2021: €10k▲ +175% vs 2020
2022: €14k▲ +32.4% vs 2021
2023: €20k▲ +45.6% vs 2022
2024: €34k▲ +72.7% vs 2023highest in 7 years
2025: €14k▼ -60.4% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€40k▼ 8.7%€39k▼ 2.3%€19k▼ 50.2%€14k▼ 29.4%
2021: €43khighest in 5 years
2022: €40k▼ -8.7% vs 2021
2023: €39k▼ -2.3% vs 2022
2024: €19k▼ -50.2% vs 2023
2025: €14k▼ -29.4% vs 2024lowest in 5 years
Operating result€4k-€-4k€-815▲ 78.5%€-19k▼ 2,269%€-6k▲ 71.1%
2021: €4khighest in 5 years
2022: €-4k▼ -197% vs 2021
2023: €-815▲ +78.5% vs 2022
2024: €-19k▼ -2269% vs 2023lowest in 5 years
2025: €-6k▲ +71.1% vs 2024
Net result€3k-€-4k€-917▲ 79.1%€-19k▼ 2,016%€-6k▲ 70.8%
2021: €3khighest in 5 years
2022: €-4k▼ -248% vs 2021
2023: €-917▲ +79.1% vs 2022
2024: €-19k▼ -2016% vs 2023lowest in 5 years
2025: €-6k▲ +70.8% vs 2024
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 €6k in 2025 against €19k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €15k
Equity
€14k ▼ 29.4%
Debt
€1k ▼ 94.3%
Debt's share of the balance-sheet total falls from 48.6% to 7.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
14.01▲
2024 · 11.72
Debt to equity
0.08▼
2024 · 0.95
ROE
-41.7%▲
2024 · -100.9%
ROA
-38.8%▲
2024 · -51.9%
Debt ≤ 1 year
€1k▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€37k€15k▼
Current assets29/58€37k€15k▼
Amounts receivable within one year40/41€3k€3k▼
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€34k€12k▼
Equity and liabilities
Total equity and liabilities10/49€37k€15k▼
Equity10/15€19k€14k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€30k€30k=
Non-distributable reserves130/1€30k€30k=
Other1319€30k€30k=
Profit (loss) carried forward14€-30k€-35k▼
Amounts payable17/49€18k€1k▼
Amounts payable after more than one year17€15k-
Financial debts170/4€15k-
Amounts payable within one year42/48€3k€1k▼
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€29k-
Other operating charges640/8€851€889▲
Non-recurring operating charges66A€34k-
Gross operating margin9900€15k€-5k▼
Operating profit (loss)9901€-19k€-6k▲
Financial charges65/66B€99€90▼
Recurring financial charges65€99€90▼
Profit (loss) for the period before taxes9903€-19k€-6k▲
Profit (loss) for the period9904€-19k€-6k▲
Profit (loss) for the period to be appropriated9905€-19k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€-35k▼
Profit (loss) brought forward from the previous period14P€-10k€-30k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €29k | - | - |
| Remuneration, social security and pensions62 | - | €2k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €7k | €7k | - | - | - |
| Other operating charges640/8 | - | €763 | €779 | €851 | €889 | ▲ 4.5% |
| Non-recurring operating charges66A | - | - | - | €34k | - | - |
| Gross operating margin9900 | €24k | €6k | €7k | €15k | €-5k | ▼ 130% |
| Operating profit (loss)9901 | €4k | €-4k | €-815 | €-19k | €-6k | ▲ 71.1% |
| Financial charges65/66B | - | €603 | €102 | €99 | €90 | ▼ 9.1% |
| Recurring financial charges65 | €57 | €603 | €102 | €99 | €90 | ▼ 9.1% |
| Profit (loss) for the period before taxes9903 | €3k | €-4k | €-917 | €-19k | €-6k | ▲ 70.8% |
| Profit (loss) for the period9904 | €3k | €-4k | €-917 | €-19k | €-6k | ▲ 70.8% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-4k | €-917 | €-19k | €-6k | ▲ 70.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €69k | €56k | €54k | €37k | €15k | ▼ 61.0% |
| Fixed assets21/28 | €48k | €41k | €34k | - | - | - |
| Tangible fixed assets22/27 | €48k | €41k | €34k | - | - | - |
| Leasing and similar rights25 | - | €41k | €34k | - | - | - |
| Current assets29/58 | €21k | €15k | €20k | €37k | €15k | ▼ 61.0% |
| Amounts receivable within one year40/41 | €11k | €6k | €6k | €3k | €3k | ▼ 13.1% |
| Trade receivables40 | - | - | €3k | - | - | - |
| Other amounts receivable41 | - | €6k | €3k | €3k | €3k | ▼ 13.1% |
| Cash at bank and in hand54/58 | €10k | €9k | €14k | €34k | €12k | ▼ 65.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €69k | €56k | €54k | €37k | €15k | ▼ 61.0% |
| Equity10/15 | €43k | €40k | €39k | €19k | €14k | ▼ 29.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €30k | €30k | €30k | €30k | €30k | = |
| Non-distributable reserves130/1 | - | €30k | €30k | €30k | €30k | = |
| Other1319 | - | €30k | €30k | €30k | €30k | = |
| Profit (loss) carried forward14 | €-5k | €-9k | €-10k | €-30k | €-35k | ▼ 19.1% |
| Amounts payable17/49 | €26k | €16k | €16k | €18k | €1k | ▼ 94.3% |
| Amounts payable after more than one year17 | €15k | €15k | €15k | €15k | - | - |
| Financial debts170/4 | - | €15k | €15k | €15k | - | - |
| Amounts payable within one year42/48 | €11k | €1k | €604 | €3k | €1k | ▼ 67.3% |
| Trade debts44 | €7k | €1k | €604 | €3k | €1k | ▼ 67.3% |
| Suppliers440/4 | - | €1k | €604 | €3k | €1k | ▼ 67.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-4k | €-917 | €-19k | €-6k | ▲ 70.8% |
| + Depreciation and write-downs630 | €16k | €7k | €7k | - | - | - |
| Operating cash flow (approximation) | €19k | €3k | €6k | €-19k | €-6k | ▲ 70.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €-960 | €6k | €20k | €-22k | ▼ 214% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
30-06
Financial
Liquidity triplescurrent ratio 33.81
Current ratio from 10.97 to 33.81; short-term debt falls from €1k to €604.
26-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
30-06
Financial
Liquidity times 6current ratio 10.97
Current ratio from 1.97 to 10.97; short-term debt falls from €11k to €1k.
20-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
2021
30-06
Financial
Liquidity triplescurrent ratio 1.97
Current ratio from 0.72 to 1.97; short-term debt falls from €50k to €11k.
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
16-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 16 days late
Show earlier events
2019
04-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 32 days late
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Aalst · 1 establishment unit since 1991
Ground area
861 m²
Building footprint
102 m²
Volume, LiDAR
552 m³
Parcel 41039B0447/00G000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Huizekensstraat 52, 9310 Aalst
since 19912.051.749.641
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41039B0447/00G000 | Flanders | 861 m² | 1 · 101 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 11,546 companies in sector 71121 we hold annual accounts for 6,561. 3,403 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-01-1991
Fiscal year end30-06
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
77110Renting and leasing of cars and light motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.