E & R Group
ActiveSummary
The computed 12-month bankruptcy probability of E & R Group is 1.6% (moderate). The 2025 annual accounts show equity of €42,842 and a net result of €12,392. Equity is growing by ~50.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 406 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-3
Solvency73▲+21
Growth78=
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.53 in 2024; short-term debt: 51.5% and cash: 0.5% of total assets), and 51.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.5%
Return on assets
14%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 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 · 3 filingsDeviation from the deadline
2025
22 d late
2024
33 d early
2023
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 22 August (3 of the last 3 filed years within 55 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€42,842▲ 40.7%
2024 · €30,450
Total assets
€88,392▼ 20.6%
2024 · €111,342
Net result
€12,392▼ 32.9%
2024 · €18,461
Working capital
-€25,720▲ 32.3%
2024 · -€37,970
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€7,311-€32,060▲ 338%€16,553▼ 48.4%
Net result€5,789within the sector's middle half-€18,461within the sector's middle half▲ 219%€12,392within the sector's middle half▼ 32.9%
Equity€11,989below the sector's middle half-€30,450within the sector's middle half▲ 154%€42,842below the sector's middle half▲ 40.7%
Total assets€66,377within the sector's middle half-€111,342within the sector's middle half▲ 67.7%€88,392below the sector's middle half▼ 20.6%
Debt€54,388-€80,893▲ 48.7%€45,550▼ 43.7%
Working capital-€50,151below the sector's middle half--€37,970below the sector's middle half▲ 24.3%-€25,720below the sector's middle half▲ 32.3%
Solvency18.1%below the sector's middle half-27.3%within the sector's middle half▲ 9.3pp48.5%within the sector's middle half▲ 21.1pp
Current ratio0.08below the sector's middle half-0.53below the sector's middle half▲ 0.450.44below the sector's middle half▼ 0.10
Return on assets (ROA)8.7%within the sector's middle half-16.6%within the sector's middle half▲ 7.9pp14.0%within the sector's middle half▼ 2.6pp
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88,392
Fixed assets
€68,561 ▲ 0.2%
Current assets
€19,831 ▼ 53.8%
Equity and liabilities €88,392
Equity
€42,842 ▲ 40.7%
Debt
€45,550 ▼ 43.7%
Debt's share of the balance-sheet total falls from 72.7% to 51.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42,326▼
2024 · €51,240
Cash flow
€38,166▲
2024 · €37,640
Debt to equity
1.06▼
2024 · 2.66
ROE
28.9%▼
2024 · 60.6%
Interest coverage
96.48▲
2024 · 15.81
Debt ≤ 1 year
€45,550▼
2024 · €80,893
Income taxes
€3,722▼
2024 · €4,853
Staff costs
€6,157▼
2024 · €41,965
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €41,965 | €6,157 | ▼ 85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,211 | €19,179 | €25,774 | ▲ 34.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €9,360 | - |
| Other operating charges640/8 | €741 | €1,677 | €3,817 | ▲ 128% |
| Gross operating margin9900 | €14,263 | €94,882 | €61,660 | ▼ 35.0% |
| Operating profit (loss)9901 | €7,311 | €32,060 | €16,553 | ▼ 48.4% |
| Financial charges65/66B | €75 | €8,746 | €439 | ▼ 95.0% |
| Recurring financial charges65 | €75 | €3,242 | €439 | ▼ 86.5% |
| Non-recurring financial charges66B | - | €5,504 | - | - |
| Profit (loss) for the period before taxes9903 | €7,236 | €23,314 | €16,114 | ▼ 30.9% |
| Income taxes67/77 | €1,447 | €4,853 | €3,722 | ▼ 23.3% |
| Profit (loss) for the period9904 | €5,789 | €18,461 | €12,392 | ▼ 32.9% |
| Profit (loss) for the period to be appropriated9905 | €5,789 | €18,461 | €12,392 | ▼ 32.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €66,377 | €111,342 | €88,392 | ▼ 20.6% |
| Formation expenses20 | €895 | - | - | - |
| Fixed assets21/28 | €61,246 | €68,420 | €68,561 | ▲ 0.2% |
| Tangible fixed assets22/27 | €61,246 | €64,070 | €68,561 | ▲ 7.0% |
| Plant, machinery and equipment23 | €14,556 | €20,566 | €28,875 | ▲ 40.4% |
| Furniture and vehicles24 | €46,689 | €43,504 | €39,686 | ▼ 8.8% |
| Financial fixed assets28 | - | €4,350 | - | - |
| Current assets29/58 | €4,237 | €42,922 | €19,831 | ▼ 53.8% |
| Amounts receivable within one year40/41 | €1,749 | €22,760 | €19,404 | ▼ 14.7% |
| Trade receivables40 | €1,749 | €22,760 | €15,163 | ▼ 33.4% |
| Other amounts receivable41 | - | - | €4,241 | - |
| Cash at bank and in hand54/58 | €2,488 | €18,712 | €427 | ▼ 97.7% |
| Deferred charges and accrued income490/1 | - | €1,450 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €66,377 | €111,342 | €88,392 | ▼ 20.6% |
| Equity10/15 | €11,989 | €30,450 | €42,842 | ▲ 40.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | - |
| Issued capital100 | - | - | €6,200 | - |
| Profit (loss) carried forward14 | €5,789 | €24,250 | €36,642 | ▲ 51.1% |
| Amounts payable17/49 | €54,388 | €80,893 | €45,550 | ▼ 43.7% |
| Amounts payable within one year42/48 | €54,388 | €80,893 | €45,550 | ▼ 43.7% |
| Trade debts44 | €11,731 | €3,930 | €2,639 | ▼ 32.8% |
| Suppliers440/4 | €11,731 | €3,930 | €2,639 | ▼ 32.8% |
| Taxes, remuneration and social security45 | €11,260 | €20,389 | €8,570 | ▼ 58.0% |
| Taxes450/3 | €11,260 | €20,389 | €8,570 | ▼ 58.0% |
| Other amounts payable47/48 | €31,397 | €56,574 | €34,341 | ▼ 39.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,789 | €18,461 | €12,392 | ▼ 32.9% |
| + Depreciation and write-downs630 | €6,211 | €19,179 | €25,774 | ▲ 34.4% |
| Operating cash flow (approximation) | €12,000 | €37,640 | €38,166 | ▲ 1.4% |
| Investment in fixed assets (approximation) | - | -€26,354 | -€25,915 | ▲ 1.7% |
| Change in cash | - | €16,224 | -€18,285 | ▼ 213% |
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
22-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 22 days late
2025
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €18,461 ▲219%
Operating result €32,060, net result €18,461, both a record.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
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, Aarschot · 1 establishment unit since 2023
Ground area
1.7 ha
Building footprint
3,255 m²
Volume, LiDAR
9,348 m³
Parcel 24001B0344/00D000, Flanders · tallest building 9.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
E & R Group
since 20232.341.214.962
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24001B0344/00D000 | Flanders | 1.7 ha | 1 · 3,255 m² | 9.1 m · 1 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.
Recognitions · licences · registrations
Recognised contractor
19 categoriesE & R Group BV43793
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Maes Rijplaten
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CURCA IONUT
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Of 2,325 companies in sector 42110 we hold annual accounts for 1,096. 640 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
Founded26-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
E-invoicing
Reachable via Peppol
Peppol ID
0208:0797634859
Also
9925:BE0797634859
Registered
21-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.