E.R.V.E.R.
ActiveSummary
E.R.V.E.R. has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €455k and a net result of €164k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 47% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+4
Solvency79=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 2.31 in 2024; short-term debt: 42.7% and cash: 3.8% of total assets), and 46.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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
53.8%
Return on assets
19.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
31 d early
2024
13 d late
2023
23 d late
2022
25 d early
2021
5 d early
2019
118 d late
2018
62 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€455k=
2024 · €455k
2018: €85klowest value
2019: €110k▲ +28.9% vs 2018
2021: €275k
2022: €383k▲ +39.3% vs 2021
2023: €318k▼ -17.0% vs 2022
2024: €455k▲ +43.2% vs 2023highest value
2025: €455k● 0.0% vs 2024highest value
2018 → 2025
Total assets
€845k▲ 0.4%
2024 · €842k
2018: €104klowest value
2019: €139k▲ +33.3% vs 2018
2021: €319k
2022: €407k▲ +27.8% vs 2021
2023: €615k▲ +51.0% vs 2022
2024: €842k▲ +36.8% vs 2023
2025: €845k▲ +0.4% vs 2024highest value
2018 → 2025
Net result
€164k▲ 19.7%
2024 · €137k
2018: €47k
2019: €25k▼ -45.7% vs 2018lowest value
2021: €89k
2022: €108k▲ +21.5% vs 2021
2023: €125k▲ +16.2% vs 2022
2024: €137k▲ +9.3% vs 2023
2025: €164k▲ +19.7% vs 2024highest value
2018 → 2025
Working capital
€350k▼ 21.9%
2024 · €448k
2018: €66klowest value
2019: €95k▲ +45.1% vs 2018
2021: €267k
2022: €380k▲ +42.2% vs 2021
2023: €310k▼ -18.2% vs 2022
2024: €448k▲ +44.2% vs 2023highest value
2025: €350k▼ -21.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€275k-€383k▲ 39.3%€318k▼ 17.0%€455k▲ 43.2%€455k=
2021: €275klowest in 5 years
2022: €383k▲ +39.3% vs 2021
2023: €318k▼ -17.0% vs 2022
2024: €455k▲ +43.2% vs 2023highest in 5 years
2025: €455k● 0.0% vs 2024highest in 5 years
Operating result€126k-€152k▲ 20.3%€148k▼ 2.3%€184k▲ 24.2%€196k▲ 6.7%
2021: €126klowest in 5 years
2022: €152k▲ +20.3% vs 2021
2023: €148k▼ -2.3% vs 2022
2024: €184k▲ +24.2% vs 2023
2025: €196k▲ +6.7% vs 2024highest in 5 years
Net result€89k-€108k▲ 21.5%€125k▲ 16.2%€137k▲ 9.3%€164k▲ 19.7%
2021: €89klowest in 5 years
2022: €108k▲ +21.5% vs 2021
2023: €125k▲ +16.2% vs 2022
2024: €137k▲ +9.3% vs 2023
2025: €164k▲ +19.7% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €845k
Fixed assets
€135k ▲ 157%
Current assets
€711k ▼ 9.9%
Equity and liabilities €845k
Equity
€455k =
Debt
€390k ▲ 0.9%
Debt's share of the balance-sheet total rises from 46.0% to 46.2%. Debt is higher.
Key figures and ratios
EBITDA
€217k▲
2024 · €199k
Cash flow
€184k▲
2024 · €152k
Current ratio
1.97▼
2024 · 2.31
Debt to equity
0.86▲
2024 · 0.85
ROE
36.1%▲
2024 · 30.2%
ROA
19.4%▲
2024 · 16.3%
Interest coverage
28.25▼
2024 · 38.89
Debt ≤ 1 year
€361k▲
2024 · €342k
Debt > 1 year
€28k▼
2024 · €43k
Income taxes
€46k▼
2024 · €60k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€842k€845k▲
Fixed assets21/28€52k€135k▲
Tangible fixed assets22/27€52k€135k▲
Plant, machinery and equipment23€945€97k▲
Furniture and vehicles24€51k€37k▼
Current assets29/58€789k€711k▼
Amounts receivable after more than one year29€616k€636k▲
Other amounts receivable291€616k€636k▲
Amounts receivable within one year40/41€16k€39k▲
Trade receivables40-€116
Other amounts receivable41€16k€39k▲
Cash at bank and in hand54/58€157k€32k▼
Deferred charges and accrued income490/1€46€3k▲
Equity and liabilities
Total equity and liabilities10/49€842k€845k▲
Equity10/15€455k€455k=
Contributions10/11€19k€19k=
Reserves13€436k€436k=
Distributable reserves133€436k€436k=
Amounts payable17/49€387k€390k▲
Amounts payable after more than one year17€43k€28k▼
Financial debts170/4€43k€28k▼
Amounts payable within one year42/48€342k€361k▲
Current portion of amounts payable after more than one year42€115k€166k▲
Trade debts44€5k€5k=
Suppliers440/4€5k€5k=
Taxes, remuneration and social security45€26k€26k▲
Taxes450/3€26k€26k▲
Other amounts payable47/48€196k€164k▼
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€20k▲
Other operating charges640/8€392€520▲
Gross operating margin9900€199k€217k▲
Operating profit (loss)9901€184k€196k▲
Financial income75/76B€18k€21k▲
Recurring financial income75€18k€21k▲
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€197k€210k▲
Income taxes67/77€60k€46k▼
Profit (loss) for the period9904€137k€164k▲
Profit (loss) for the period to be appropriated9905€137k€164k▲
Appropriation of the result
Profit (loss) to be appropriated9906€137k€164k▲
Transfer to equity691/2€137k-
To other reserves6921€137k-
Profit to be distributed694/7-€164k
Return on contributions (dividend)694-€164k
The notes to these accounts (6 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 | - | - | €9k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €6k | €6k | €15k | €20k | ▲ 37.5% |
| Other operating charges640/8 | €1k | €1k | €1k | €392 | €520 | ▲ 32.7% |
| Gross operating margin9900 | €132k | €158k | €155k | €199k | €217k | ▲ 9.1% |
| Operating profit (loss)9901 | €126k | €152k | €148k | €184k | €196k | ▲ 6.7% |
| Financial income75/76B | €526 | €2k | €14k | €18k | €21k | ▲ 17.9% |
| Recurring financial income75 | €526 | €2k | €14k | €18k | €21k | ▲ 17.9% |
| Financial charges65/66B | €414 | €418 | €2k | €5k | €8k | ▲ 50.1% |
| Recurring financial charges65 | €414 | €418 | €2k | €5k | €8k | ▲ 50.1% |
| Profit (loss) for the period before taxes9903 | €126k | €153k | €161k | €197k | €210k | ▲ 6.6% |
| Income taxes67/77 | €37k | €45k | €35k | €60k | €46k | ▼ 23.2% |
| Profit (loss) for the period9904 | €89k | €108k | €125k | €137k | €164k | ▲ 19.7% |
| Profit (loss) for the period to be appropriated9905 | €89k | €108k | €125k | €137k | €164k | ▲ 19.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €319k | €407k | €615k | €842k | €845k | ▲ 0.4% |
| Fixed assets21/28 | €8k | €3k | €67k | €52k | €135k | ▲ 157% |
| Tangible fixed assets22/27 | €8k | €3k | €67k | €52k | €135k | ▲ 157% |
| Plant, machinery and equipment23 | €3k | €2k | €2k | €945 | €97k | ▲ 10,185% |
| Furniture and vehicles24 | €5k | €913 | €66k | €51k | €37k | ▼ 27.5% |
| Current assets29/58 | €311k | €404k | €548k | €789k | €711k | ▼ 9.9% |
| Amounts receivable after more than one year29 | €63k | €130k | €503k | €616k | €636k | ▲ 3.2% |
| Other amounts receivable291 | €63k | €130k | €503k | €616k | €636k | ▲ 3.2% |
| Amounts receivable within one year40/41 | €35k | - | €16k | €16k | €39k | ▲ 146% |
| Trade receivables40 | €24k | - | - | - | €116 | - |
| Other amounts receivable41 | €12k | - | €16k | €16k | €39k | ▲ 146% |
| Cash at bank and in hand54/58 | €212k | €274k | €26k | €157k | €32k | ▼ 79.3% |
| Deferred charges and accrued income490/1 | €26 | - | €2k | €46 | €3k | ▲ 6,891% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €319k | €407k | €615k | €842k | €845k | ▲ 0.4% |
| Equity10/15 | €275k | €383k | €318k | €455k | €455k | = |
| Contributions10/11 | €12k | €12k | €19k | €19k | €19k | = |
| Reserves13 | €262k | €370k | €299k | €436k | €436k | = |
| Distributable reserves133 | €262k | €370k | €299k | €436k | €436k | = |
| Amounts payable17/49 | €44k | €25k | €297k | €387k | €390k | ▲ 0.9% |
| Amounts payable after more than one year17 | - | - | €58k | €43k | €28k | ▼ 36.2% |
| Financial debts170/4 | - | - | €58k | €43k | €28k | ▼ 36.2% |
| Amounts payable within one year42/48 | €44k | €25k | €238k | €342k | €361k | ▲ 5.7% |
| Current portion of amounts payable after more than one year42 | - | - | €14k | €115k | €166k | ▲ 44.0% |
| Trade debts44 | - | €1k | €2k | €5k | €5k | = |
| Suppliers440/4 | - | €1k | €2k | €5k | €5k | = |
| Taxes, remuneration and social security45 | €42k | €23k | €23k | €26k | €26k | ▲ 2.1% |
| Taxes450/3 | €42k | €23k | €23k | €26k | €26k | ▲ 2.1% |
| Other amounts payable47/48 | €2k | €695 | €199k | €196k | €164k | ▼ 16.2% |
| Accrued charges and deferred income492/3 | - | - | €2k | €2k | €2k | ▼ 14.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €89k | €108k | €125k | €137k | €164k | ▲ 19.7% |
| + Depreciation and write-downs630 | €5k | €6k | €6k | €15k | €20k | ▲ 37.5% |
| Operating cash flow (approximation) | €94k | €114k | €131k | €152k | €184k | ▲ 21.4% |
| Investment in fixed assets (approximation) | - | €-913 | €-70k | €0 | €-102k | - |
| Change in cash | - | €62k | €-247k | €131k | €-125k | ▼ 195% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €164k ▲19.7%
Operating result €196k, net result €164k, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 16.39
Current ratio from 7.06 to 16.39; short-term debt falls from €44k to €25k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €275k ▲150%
3 profitable years in a row build equity to €275k.
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-12
Financial
Weakest financial yearnet €25k ▼45.7%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €110k ▲28.9%
2 profitable years in a row build equity to €110k.
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2017
Ground area
3,724 m²
Building footprint
1,306 m²
Volume, LiDAR
98,133 m³
Parcel 21009A0769/00S002, Brussels · tallest building 99.0 m, ±27 floors. Linked by address, not a title deed.
406
companies at this address
See who is registered here
1 establishment unit
E.R.V.E.R.
since 20172.266.068.369
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0769/00S002 | Brussels | 3,724 m² | 1 · 1,306 m² | 99.0 m · 27 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 22,056 companies in sector 69101 we hold annual accounts for 9,055. 6,084 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
Founded20-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.