ER - BE
ActiveSummary
ER - BE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €472,986 and a net result of €458,511. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 80% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+97
Solvency96▲+61
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 17.14 against 0.65 in 2024; short-term debt: 5.7% of total assets), and 28.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more 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
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
71.1%
Return on assets
68.9%
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
30 d early
2023
23 d late
2022
52 d late
2021
26 d early
2020
24 d late
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 5 July (4 of the last 5 filed years within 50 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
Turnover
€364,770
EBIT margin
15.9%
Net result
€458,511
2024 · -€23,249
Working capital
€613,474
2024 · -€51,104
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Turnover
Operating result€20,875▼ 4.4%€7,450▼ 64.3%€9,176▲ 23.2%-€18,391€623,559
Net result€10,554within the sector's middle half▼ 16.0%€329below the sector's middle half▼ 96.9%€586within the sector's middle half▲ 77.7%-€23,249below the sector's middle half€458,511above the sector's middle half
EBIT margin
Equity€65,810within the sector's middle half▲ 19.1%€66,139within the sector's middle half▲ 0.5%€66,725within the sector's middle half▲ 0.9%€18,476below the sector's middle half▼ 72.3%€472,986within the sector's middle half▲ 2,460%
Total assets€206,586within the sector's middle half▲ 11.6%€263,364within the sector's middle half▲ 27.5%€162,974within the sector's middle half▼ 38.1%€181,395within the sector's middle half▲ 11.3%€665,343within the sector's middle half▲ 267%
Debt€140,777▲ 8.4%€197,225▲ 40.1%€96,250▼ 51.2%€162,919▲ 69.3%€38,011▼ 76.7%
Working capital€28,427within the sector's middle half▲ 50.0%€17,906within the sector's middle half▼ 37.0%-€4,989below the sector's middle half-€51,104below the sector's middle half▼ 924%€613,474above the sector's middle half
Solvency31.9%within the sector's middle half▲ 2.0pp25.1%within the sector's middle half▼ 6.7pp40.9%within the sector's middle half▲ 15.8pp10.2%below the sector's middle half▼ 30.8pp71.1%above the sector's middle half▲ 60.9pp
Current ratio1.33within the sector's middle half▲ 0.041.11below the sector's middle half▼ 0.220.94below the sector's middle half▼ 0.180.65below the sector's middle half▼ 0.2817.14above the sector's middle half▲ 16.48
Return on assets (ROA)5.1%within the sector's middle half▼ 1.7pp0.1%below the sector's middle half▼ 5.0pp0.4%below the sector's middle half▲ 0.2pp-12.8%below the sector's middle half▼ 13.2pp68.9%above the sector's middle half▲ 81.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 returns to profit in 2025: €623,559 after a loss of €18,391 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €665,343
Fixed assets
€13,858 ▼ 83.6%
Current assets
€651,485 ▲ 572%
Equity and liabilities €665,343
Equity
€472,986 ▲ 2,460%
Provisions
€154,346
Debt
€38,011 ▼ 76.7%
Debt's share of the balance-sheet total falls from 89.8% to 5.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€628,132▲
2024 · -€11,730
Cash flow
€463,083▲
2024 · -€16,588
Quick ratio
16.96▲
2024 · 0.60
Debt to equity
0.08▼
2024 · 8.82
ROE
96.9%▲
2024 · -125.8%
Interest coverage
58.69▲
2024 · -1.27
Debt ≤ 1 year
€38,011▼
2024 · €148,103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 20,129 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €155 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,451 | €9,451 | €6,322 | €6,661 | €4,573 | ▼ 31.4% |
| Other operating charges640/8 | €3,323 | €4,430 | €4,989 | €4,384 | €4,101 | ▼ 6.5% |
| Gross operating margin9900 | €33,649 | €21,331 | €20,643 | -€7,345 | €632,233 | ▲ 8,707% |
| Operating profit (loss)9901 | €20,875 | €7,450 | €9,176 | -€18,391 | €623,559 | ▲ 3,491% |
| Financial income75/76B | €9 | €1,047 | €62 | €4,518 | €0 | ▼ 100.0% |
| Recurring financial income75 | €9 | €1,047 | €62 | €4,518 | €0 | ▼ 100.0% |
| Financial charges65/66B | €5,031 | €5,630 | €6,853 | €9,203 | €10,703 | ▲ 16.3% |
| Recurring financial charges65 | €5,031 | €5,630 | €6,853 | €9,203 | €10,703 | ▲ 16.3% |
| Profit (loss) for the period before taxes9903 | €15,854 | €2,867 | €2,386 | -€23,076 | €612,857 | ▲ 2,756% |
| Transfer to deferred taxes680 | - | - | - | - | €154,346 | - |
| Income taxes67/77 | €5,300 | €2,538 | €1,800 | €173 | - | - |
| Profit (loss) for the period9904 | €10,554 | €329 | €586 | -€23,249 | €458,511 | ▲ 2,072% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €463,038 | - |
| Profit (loss) for the period to be appropriated9905 | €10,554 | €329 | €586 | -€23,249 | -€4,528 | ▲ 80.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €206,586 | €263,364 | €162,974 | €181,395 | €665,343 | ▲ 267% |
| Fixed assets21/28 | €93,194 | €83,743 | €91,057 | €84,396 | €13,858 | ▼ 83.6% |
| Tangible fixed assets22/27 | €93,194 | €83,743 | €91,057 | €84,396 | €13,858 | ▼ 83.6% |
| Land and buildings22 | €90,496 | €83,743 | €89,068 | €82,616 | - | - |
| Plant, machinery and equipment23 | - | - | €1,989 | €1,781 | €1,572 | ▼ 11.7% |
| Furniture and vehicles24 | €2,699 | €0 | - | - | €12,286 | - |
| Current assets29/58 | €113,392 | €179,621 | €71,917 | €96,999 | €651,485 | ▲ 572% |
| Amounts receivable after more than one year29 | - | - | - | - | €280,000 | - |
| Other amounts receivable291 | - | - | - | - | €280,000 | - |
| Stocks and contracts in progress3 | €7,000 | €72,386 | €16,265 | €8,000 | €7,000 | ▼ 12.5% |
| Stocks30/36 | €7,000 | €72,386 | €16,265 | €8,000 | €7,000 | ▼ 12.5% |
| Amounts receivable within one year40/41 | €99,603 | €87,367 | €49,529 | €88,999 | €14,490 | ▼ 83.7% |
| Trade receivables40 | €60,875 | €57,839 | €13,766 | €23,391 | €9,755 | ▼ 58.3% |
| Other amounts receivable41 | €38,728 | €29,528 | €35,764 | €65,608 | €4,735 | ▼ 92.8% |
| Current investments50/53 | - | - | - | - | €349,995 | - |
| Cash at bank and in hand54/58 | €6,178 | €16,528 | €5,558 | - | - | - |
| Deferred charges and accrued income490/1 | €611 | €3,340 | €565 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €206,586 | €263,364 | €162,974 | €181,395 | €665,343 | ▲ 267% |
| Equity10/15 | €65,810 | €66,139 | €66,725 | €18,476 | €472,986 | ▲ 2,460% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €43,007 | €43,007 | €43,007 | €18,007 | €477,045 | ▲ 2,549% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | - | - | - | €463,038 | - |
| Distributable reserves133 | €41,148 | €41,148 | €41,148 | €16,148 | €12,148 | ▼ 24.8% |
| Profit (loss) carried forward14 | €4,211 | €4,541 | €5,126 | -€18,123 | -€22,651 | ▼ 25.0% |
| Provisions and deferred taxes16 | - | - | - | - | €154,346 | - |
| Deferred taxes168 | - | - | - | - | €154,346 | - |
| Amounts payable17/49 | €140,777 | €197,225 | €96,250 | €162,919 | €38,011 | ▼ 76.7% |
| Amounts payable after more than one year17 | €55,811 | €35,510 | €19,344 | €14,817 | - | - |
| Financial debts170/4 | €55,811 | €35,510 | €19,344 | €14,817 | - | - |
| Amounts payable within one year42/48 | €84,965 | €161,714 | €76,906 | €148,103 | €38,011 | ▼ 74.3% |
| Current portion of amounts payable after more than one year42 | €25,892 | €34,811 | €23,297 | €23,315 | €2,333 | ▼ 90.0% |
| Financial debts43 | €17,404 | €17,306 | €29,408 | €34,164 | €15,103 | ▼ 55.8% |
| Credit institutions430/8 | €17,404 | €17,306 | €29,408 | €34,164 | €15,103 | ▼ 55.8% |
| Trade debts44 | €30,356 | €100,495 | €14,786 | €59,146 | €13,517 | ▼ 77.1% |
| Suppliers440/4 | €30,356 | €100,495 | €14,786 | €59,146 | €13,517 | ▼ 77.1% |
| Taxes, remuneration and social security45 | €11,314 | €9,102 | €9,415 | €6,478 | - | - |
| Taxes450/3 | €11,314 | €9,102 | €6,878 | €3,901 | - | - |
| Remuneration and social security454/9 | €0 | - | €2,538 | €2,577 | - | - |
| Other amounts payable47/48 | €0 | - | - | €25,000 | €7,057 | ▼ 71.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,554 | €329 | €586 | -€23,249 | €458,511 | ▲ 2,072% |
| + Depreciation and write-downs630 | €9,451 | €9,451 | €6,322 | €6,661 | €4,573 | ▼ 31.4% |
| Operating cash flow (approximation) | €20,005 | €9,780 | €6,908 | -€16,588 | €463,083 | ▲ 2,892% |
| Investment in fixed assets (approximation) | - | €0 | -€13,636 | €0 | €65,966 | - |
| Change in cash | - | €10,349 | -€10,970 | - | - | - |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €458,511
Net result €458,511 after one loss-making year.
31-12
Financial
Liquidity times 26current ratio 17.14
Current ratio from 0.65 to 17.14; short-term debt falls from €148,103 to €38,011.
31-12
Financial
Equity above €200,000Eq €472,986 ▲2,460%
Equity rises from €18,476 to €472,986.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€23,249
Net result drops to -€23,249, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Braine-le-Château · 1 establishment unit since 1994
Ground area
3,125 m²
Building footprint
574 m²
Parcel 25015D0042/00L003, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ER.BE
since 19942.068.992.083
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25015D0042/00L003 | Wallonia | 3,125 m² | 1 · 574 m² | - |
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 20,026 companies in sector 43320 we hold annual accounts for 9,139. 6,091 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
Founded10-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453598130
Registered
25-11-2025
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.