ER&AL
ActiveThe computed 12-month bankruptcy probability of ER&AL is 2.4% (moderate). The 2024 annual accounts show equity of €60k and a net result of €423. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 36378 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability60▼-33
Solvency82▼-3
Growth55▼-13
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.43 against 2.48 in 2023; short-term debt: 39.4% and cash: 10.9% of total assets), and 43.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
56.6%
Return on assets
0.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
48 d late
2023
30 d late
2022
13 d early
2021
68 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€230k▼ 3.1%
2023 · €237k
2022: €196k
2023: €237k
2022 → 2024
EBIT margin
2.4%▼ 12.3pp
2023 · 14.7%
2022: -2.2%
2023: 14.7%
2022 → 2024
Net result
€423▼ 97.8%
2023 · €20k
2021: €46k
2022: €-7k
2023: €20k
2021 → 2024
Working capital
€59k▲ 15.2%
2023 · €52k
2021: €39k
2022: €32k
2023: €52k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€196k€237k▲ 21.0%€230k▼ 3.1%
Equity€47k-€40k▼ 15.4%€59k▲ 49.4%€60k▲ 0.7%
Operating result€48k-€-4k€35k€5k▼ 84.4%
Net result€46k-€-7k€20k€423▼ 97.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 84% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €105k
Fixed assets
€4k▼ 62.8%
Current assets
€101k▲ 16.7%
Equity and liabilities €105k
Equity
€60k▲ 0.7%
Debt
€46k▲ 17.0%
The debt ratio rises from 39.7% to 43.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▼
2023 · €42k
Cash flow
€8k▼
2023 · €27k
Solvency
56.6%▼
2023 · 60.3%
Current ratio
2.43▼
2023 · 2.48
Quick ratio
2.43▼
2023 · 2.48
Debt / equity
0.77▲
2023 · 0.66
ROE
0.7%▼
2023 · 33.1%
ROA
0.4%▼
2023 · 19.9%
Interest coverage
6.74▼
2023 · 41.27
Debt
€46k▲
2023 · €39k
Debt ≤ 1 year
€42k▲
2023 · €35k
Debt > 1 year
€4k=
2023 · €4k
Income taxes
€3k▼
2023 · €14k
Staff costs
€4k▼
2023 · €11k
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€98k€105k▲
Fixed assets21/28€12k€4k▼
Tangible fixed assets22/27€12k€4k▼
Plant, machinery and equipment23€562€322▼
Leasing and similar rights25€11k€4k▼
Current assets29/58€86k€101k▲
Amounts receivable within one year40/41€76k€89k▲
Trade receivables40€35k€19k▼
Other amounts receivable41€40k€70k▲
Cash at bank and in hand54/58€11k€12k▲
Equity and liabilities
Total equity and liabilities10/49€98k€105k▲
Equity10/15€59k€60k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€58k€59k▲
Amounts payable17/49€39k€46k▲
Amounts payable after more than one year17€4k€4k=
Financial debts170/4€4k€4k=
Amounts payable within one year42/48€35k€42k▲
Current portion of amounts payable after more than one year42€8k-
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€7k€8k▲
Suppliers440/4€7k€8k▲
Taxes, remuneration and social security45€20k€31k▲
Taxes450/3€20k€31k▲
Income statement
Code20232024
Turnover70€237k€230k▼
Goods, raw materials, services and sundry goods60/61€180k€213k▲
Remuneration, social security and pensions62€11k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€5k€4k▼
Gross operating margin9900€58k€20k▼
Operating profit (loss)9901€35k€5k▼
Financial income75/76B-€7
Recurring financial income75-€7
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€34k€4k▼
Income taxes67/77€14k€3k▼
Profit (loss) for the period9904€20k€423▼
Profit (loss) for the period to be appropriated9905€20k€423▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€59k▲
Profit (loss) brought forward from the previous period14P€39k€58k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-7k ▼116%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waasmunster · 1 establishment unit since 2020
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.
Oudeheerweg-Ruiter 1489250 WaasmunsterGround area
884 m²
Building footprint
182 m²
Volume, LiDAR
514 m³
Parcel 42342C0466/00W000, Flanders · tallest building 4.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Oudeheerweg-Ruiter 148, 9250 Waasmunster
since 20202.302.454.950
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42342C0466/00W000 | Flanders | 884 m² | 1 · 182 m² | 4.1 m · 1 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.
Similar companies · same sector, comparable size
HOENS SEPPE
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BE 0787.651.480
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Antwerps Dak Centrum
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Antwerpen · Eq €59k
LI-JO TRANS
BE 0720.919.242
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AMENAGEMENTS MAXIME DUJARDIN
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Of 8,454 companies in sector 43120 we hold annual accounts for 3,232. 2,556 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-05-2020
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43110Demolition
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.