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ER

Open bankruptcy
Private limited company (pre-2019)founded 2003Monplaisirlaan 107, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0861.853.908

A bankruptcy procedure is open for ER according to publications in the Belgian State Gazette; curator: MéLANIE VALLES RUIS.

Summary

The 2022 annual accounts show equity of €24,410 and a net result of €15,712.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
French-language Enterprise Court of Brussels
Declared bankrupt
14 August 2025
Supervising judge
Xavier Leloup
Official Gazette
22-08-2025 (pdf) ↗search the document for 2025/134527

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 20-09-2023, 51 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 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
51 d late
2021
44 d early
2020
31 d late
2019
200 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 60 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
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

History

On 26 November 2003, ER was incorporated.1 Total assets went from EUR 17,092 in 2018 to EUR 29,922 in 2022.2 The company was declared bankrupt on 14 August 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2022
  3. 3Belgian State Gazette, 22-08-2025

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, micro schema

Turnover
€323,628
EBIT margin
0.4%
Net result
€15,712
2021 · -€9,239
Working capital
€20,536▲ 448%
2021 · €3,749
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20182019202020212022
Turnover€323,628-
Operating result€1,180-€3,089▲ 162%€426▼ 86.2%-€8,758€15,719
Net result€1,180-€3,089▲ 162%€426▼ 86.2%-€9,239€15,712
EBIT margin0.4%-
Equity€14,422-€17,511▲ 21.4%€17,937▲ 2.4%€8,698▼ 51.5%€24,410▲ 181%
Total assets€17,092-€19,056▲ 11.5%€19,187▲ 0.7%€24,754▲ 29.0%€29,922▲ 20.9%
Debt€2,670-€1,545▼ 42.1%€1,250▼ 19.1%€16,056▲ 1,184%€5,512▼ 65.7%
Working capital€13,771-€11,488▼ 16.6%€11,914▲ 3.7%€3,749▼ 68.5%€20,536▲ 448%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2018: €1,180€1,180Net result 2018: €1,180€1,180Operating result 2019: €3,089€3,089Net result 2019: €3,089€3,089Operating result 2020: €426€426Net result 2020: €426€426Operating result 2021: -€8,758-€8,758Net result 2021: -€9,239-€9,239Operating result 2022: €15,719€15,719Net result 2022: €15,712€15,71220182019202020212022-€10,000€0€10,000€20,000Operating result 2020: €426€426Net result 2020: €426€426Operating result 2021: -€8,758-€8,760Net result 2021: -€9,239-€9,240Operating result 2022: €15,719€15,700Net result 2022: €15,712€15,700202020212022
The operating result returns to profit in 2022: €15,719 after a loss of €8,758 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €29,922
Fixed assets €3,874 ▼ 21.7%
Current assets €26,048 ▲ 31.5%
Equity and liabilities €29,922
Equity €24,410 ▲ 181%
Debt €5,512 ▼ 65.7%
Debt's share of the balance-sheet total falls from 64.9% to 18.4%. Equity is higher and debt is lower.
Key figures and ratios
2022 value · change against 2021
EBITDA
€16,793▲
2021 · -€7,684
Cash flow
€16,787▲
2021 · -€8,164
Current ratio
4.73▲
2021 · 1.23
Debt to equity
0.23▼
2021 · 1.85
ROE
64.4%▲
2021 · -106.2%
ROA
52.5%▲
2021 · -37.3%
Interest coverage
179.26▲
2021 · -15.98
Debt ≤ 1 year
€5,512▼
2021 · €16,056
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 39 lines
Balance sheet Code20212022
Assets
Total assets20/58€24,754€29,922▲
Fixed assets21/28€4,949€3,874▼
Tangible fixed assets22/27€4,298€3,223▼
Furniture and vehicles24€4,298€3,223▼
Financial fixed assets28€651€651=
Current assets29/58€19,805€26,048▲
Amounts receivable within one year40/41€4,244€4,699▲
Trade receivables40€4,207€164▼
Other amounts receivable41€37€4,535▲
Cash at bank and in hand54/58€14,735€21,349▲
Deferred charges and accrued income490/1€826-
Equity and liabilities
Total equity and liabilities10/49€24,754€29,922▲
Equity10/15€8,698€24,410▲
Contributions10/11€25,000€25,000=
Capital10€25,000€25,000=
Issued capital100€25,000€25,000=
Reserves13€216€216=
Non-distributable reserves130/1€216€216=
Legal reserve130€216€216=
Profit (loss) carried forward14-€16,518-€806▲
Amounts payable17/49€16,056€5,512▼
Amounts payable within one year42/48€16,056€5,512▼
Trade debts44€15,085€5,382▼
Suppliers440/4€15,085€5,382▼
Taxes, remuneration and social security45€971€130▼
Taxes450/3€971€130▼
Income statement Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,074€1,074=
Other operating charges640/8€529-
Gross operating margin9900-€7,155€16,793▲
Operating profit (loss)9901-€8,758€15,719▲
Financial income75/76B-€87
Recurring financial income75-€87
Financial charges65/66B€481€94▼
Recurring financial charges65€481€94▼
Profit (loss) for the period before taxes9903-€9,239€15,712▲
Profit (loss) for the period9904-€9,239€15,712▲
Profit (loss) for the period to be appropriated9905-€9,239€15,712▲
Appropriation of the result
Profit (loss) to be appropriated9906-€16,518-€806▲
Profit (loss) brought forward from the previous period14P-€7,280-€16,518▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Turnover70€323,628-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€1,074€1,074=
Other operating charges640/8---€529--
Gross operating margin9900€1,951€3,722€574-€7,155€16,793▲ 335%
Operating profit (loss)9901€1,180€3,089€426-€8,758€15,719▲ 279%
Financial income75/76B----€87-
Recurring financial income75----€87-
Financial charges65/66B---€481€94▼ 80.5%
Recurring financial charges65---€481€94▼ 80.5%
Profit (loss) for the period before taxes9903€1,180€3,089€426-€9,239€15,712▲ 270%
Profit (loss) for the period9904€1,180€3,089€426-€9,239€15,712▲ 270%
Profit (loss) for the period to be appropriated9905€1,180€3,089€426-€9,239€15,712▲ 270%
Line20182019202020212022Change
Assets
Total assets20/58€17,092€19,056€19,187€24,754€29,922▲ 20.9%
Fixed assets21/28€651€6,023€6,023€4,949€3,874▼ 21.7%
Tangible fixed assets22/27-€5,372€5,372€4,298€3,223▼ 25.0%
Furniture and vehicles24---€4,298€3,223▼ 25.0%
Financial fixed assets28€651€651€651€651€651=
Current assets29/58€16,441€13,033€13,164€19,805€26,048▲ 31.5%
Amounts receivable within one year40/41€6,796€4,129€2,934€4,244€4,699▲ 10.7%
Trade receivables40---€4,207€164▼ 96.1%
Other amounts receivable41---€37€4,535▲ 12,229%
Cash at bank and in hand54/58€7,578€8,078€8,162€14,735€21,349▲ 44.9%
Deferred charges and accrued income490/1---€826--
Equity and liabilities
Total equity and liabilities10/49€17,092€19,056€19,187€24,754€29,922▲ 20.9%
Equity10/15€14,422€17,511€17,937€8,698€24,410▲ 181%
Contributions10/11€25,000€25,000€25,000€25,000€25,000=
Capital10---€25,000€25,000=
Issued capital100---€25,000€25,000=
Reserves13€216€216€216€216€216=
Non-distributable reserves130/1---€216€216=
Legal reserve130---€216€216=
Profit (loss) carried forward14-€10,794-€7,705-€7,280-€16,518-€806▲ 95.1%
Amounts payable17/49€2,670€1,545€1,250€16,056€5,512▼ 65.7%
Amounts payable within one year42/48€2,670€1,545€1,250€16,056€5,512▼ 65.7%
Trade debts44€1,420€1,545-€15,085€5,382▼ 64.3%
Suppliers440/4---€15,085€5,382▼ 64.3%
Taxes, remuneration and social security45---€971€130▼ 86.6%
Taxes450/3---€971€130▼ 86.6%
Line20182019202020212022Change
Profit (loss) for the period9904€1,180€3,089€426-€9,239€15,712▲ 270%
+ Depreciation and write-downs630---€1,074€1,074=
Operating cash flow (approximation)€1,180€3,089€426-€8,164€16,787▲ 306%
Investment in fixed assets (approximation)--€5,372€0€0€0-
Change in cash-€500€85€6,573€6,614▲ 0.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
22-08
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · event 14-08-2025
2023
20-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
31-12
Financial Back to profitnet €15,712
Net result €15,712 after one loss-making year.
31-12
Financial Liquidity quadruplescurrent ratio 4.73
Current ratio from 1.23 to 4.73; short-term debt falls from €16,056 to €5,512.
17-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Weakest financial yearnet -€9,239
Net result drops to -€9,239, the lowest in the series.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
16-02
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 200 days late
2019
04-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 126 days late
12-02
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 196 days late
2017
02-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 2 days late
2016
16-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 16 days late
2015
31-07
NBB filing Annual accounts filed
fiscal year 2014 · full schema
2014
29-08
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
9 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, Schaarbeek · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
111 m²
Building footprint
111 m²
Volume, LiDAR
1,337 m³
Parcel 21015A0091/00D000, Brussels · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
Monplaisirlaan 107, 1030 Schaarbeek
Limited-service restaurants
since 20232.343.381.230
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21015A0091/00D000 Brussels 111 m² 1 · 111 m² 17.6 m · 5 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator MéLANIE VALLES RUIS
DREVE DES RENARDS 8, 1180 UCCLE
14-08-2025 → present

Recognitions · licences · registrations

Food safety, FASFC

1 site
Schaarbeek2.343.381.230
1 permission
Drankgelegenheid · since 04-04-2023

Similar companies · same sector, comparable size

Of 10,510 companies in sector 47110 we hold annual accounts for 5,847. 4,279 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 (pre-2019)
Founded26-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating

Scores and ratios are computed by Checked and are not a credit decision.