ERA La Clé
ActiveSummary
ERA La Clé has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-307k) and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▲+24
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.25 in 2024; short-term debt: 365.3% and cash: 22.9% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-329.2%
Return on assets
-5.2%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-307k
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
2 d early
2023
22 d early
2022
7 d early
2021
2 d late
2020
31 d early
2019
39 d early
← 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
€-307k▼ 1.6%
2024 · €-302k
2018: €-44k
2019: €5k▲ +111% vs 2018
2020: €37k▲ +655% vs 2019highest in 8 years
2021: €-45k▼ -224% vs 2020
2022: €7k▲ +116% vs 2021
2023: €-191k▼ -2753% vs 2022
2024: €-302k▼ -58.3% vs 2023
2025: €-307k▼ -1.6% vs 2024lowest in 8 years
2018 → 2025
Total assets
€93k▼ 30.4%
2024 · €134k
2018: €320k
2019: €373k▲ +16.3% vs 2018highest in 8 years
2020: €234k▼ -37.3% vs 2019
2021: €193k▼ -17.5% vs 2020
2022: €250k▲ +29.7% vs 2021
2023: €99k▼ -60.4% vs 2022
2024: €134k▲ +35.2% vs 2023
2025: €93k▼ -30.4% vs 2024lowest in 8 years
2018 → 2025
Net result
€-5k▲ 95.6%
2024 · €-111k
2018: €-10k
2019: €39k▲ +488% vs 2018
2020: €32k▼ -17.7% vs 2019
2021: €-82k▼ -358% vs 2020
2022: €53k▲ +164% vs 2021highest in 8 years
2023: €-198k▼ -476% vs 2022lowest in 8 years
2024: €-111k▲ +43.8% vs 2023
2025: €-5k▲ +95.6% vs 2024
2018 → 2025
Working capital
€-268k▲ 13.6%
2024 · €-310k
2018: €-62k
2019: €10k▲ +116% vs 2018
2020: €36k▲ +259% vs 2019highest in 8 years
2021: €-56k▼ -256% vs 2020
2022: €32k▲ +157% vs 2021
2023: €-155k▼ -585% vs 2022
2024: €-310k▼ -101% vs 2023lowest in 8 years
2025: €-268k▲ +13.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-45k-€7k€-191k€-302k▼ 58.3%€-307k▼ 1.6%
2021: €-45k
2022: €7k▲ +116% vs 2021highest in 5 years
2023: €-191k▼ -2753% vs 2022
2024: €-302k▼ -58.3% vs 2023
2025: €-307k▼ -1.6% vs 2024lowest in 5 years
Operating result€-77k-€66k€-183k€-78k▲ 57.1%€19k
2021: €-77k
2022: €66k▲ +185% vs 2021highest in 5 years
2023: €-183k▼ -378% vs 2022lowest in 5 years
2024: €-78k▲ +57.1% vs 2023
2025: €19k▲ +125% vs 2024
Net result€-82k-€53k€-198k€-111k▲ 43.8%€-5k▲ 95.6%
2021: €-82k
2022: €53k▲ +164% vs 2021highest in 5 years
2023: €-198k▼ -476% vs 2022lowest in 5 years
2024: €-111k▲ +43.8% vs 2023
2025: €-5k▲ +95.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19k after a loss of €78k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93k
Fixed assets
€21k ▼ 35.7%
Current assets
€72k ▼ 28.6%
Key figures and ratios
EBITDA
€33k▲
2024 · €-63k
Cash flow
€9k▲
2024 · €-96k
Solvency
-329.2%▼
2024 · -225.7%
Current ratio
0.21▼
2024 · 0.25
Debt to equity
-1.30▲
2024 · -1.44
ROA
-5.2%▲
2024 · -83.1%
Interest coverage
1.41▲
2024 · -1.93
Debt
€400k▼
2024 · €436k
Debt ≤ 1 year
€340k▼
2024 · €412k
Debt > 1 year
€42k▲
2024 · €17k
Income taxes
€767
Staff costs
€157k▲
2024 · €95k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€134k€93k▼
Fixed assets21/28€32k€21k▼
Intangible fixed assets21€11k€5k▼
Tangible fixed assets22/27€14k€9k▼
Furniture and vehicles24€8k€6k▼
Other tangible fixed assets26€6k€3k▼
Financial fixed assets28€8k€8k=
Current assets29/58€101k€72k▼
Amounts receivable within one year40/41€55k€36k▼
Trade receivables40€29k€10k▼
Other amounts receivable41€26k€26k=
Cash at bank and in hand54/58€40k€21k▼
Deferred charges and accrued income490/1€6k€15k▲
Equity and liabilities
Total equity and liabilities10/49€134k€93k▼
Equity10/15€-302k€-307k▼
Contributions10/11€40k€40k=
Profit (loss) carried forward14€-342k€-347k▼
Amounts payable17/49€436k€400k▼
Amounts payable after more than one year17€17k€42k▲
Financial debts170/4€17k€1k▼
Other amounts payable178/9-€40k
Amounts payable within one year42/48€412k€340k▼
Current portion of amounts payable after more than one year42€16k€15k▼
Financial debts43-€22k
Credit institutions430/8-€22k
Trade debts44€107k€137k▲
Suppliers440/4€107k€137k▲
Advances received on contracts in progress46€31k€2k▼
Taxes, remuneration and social security45€44k€38k▼
Taxes450/3€9k€22k▲
Remuneration and social security454/9€35k€17k▼
Other amounts payable47/48€213k€125k▼
Accrued charges and deferred income492/3€7k€18k▲
Income statement
Code20242025
Remuneration, social security and pensions62€95k€157k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Other operating charges640/8€6k€4k▼
Non-recurring operating charges66A€70k-
Gross operating margin9900€108k€194k▲
Operating profit (loss)9901€-78k€19k▲
Financial charges65/66B€33k€24k▼
Recurring financial charges65€33k€24k▼
Profit (loss) for the period before taxes9903€-111k€-4k▲
Income taxes67/77-€767
Profit (loss) for the period9904€-111k€-5k▲
Profit (loss) for the period to be appropriated9905€-111k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-342k€-347k▼
Profit (loss) brought forward from the previous period14P€-231k€-342k▼
The notes to these accounts (11 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 | €15k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €247k | €293k | €286k | €95k | €157k | ▲ 64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €16k | €21k | €15k | €14k | ▼ 8.8% |
| Other operating charges640/8 | €5k | €3k | €2k | €6k | €4k | ▼ 30.0% |
| Non-recurring operating charges66A | €30k | - | €20k | €70k | - | - |
| Gross operating margin9900 | €217k | €378k | €147k | €108k | €194k | ▲ 80.6% |
| Operating profit (loss)9901 | €-77k | €66k | €-183k | €-78k | €19k | ▲ 125% |
| Financial income75/76B | €12 | €15 | €133 | - | - | - |
| Recurring financial income75 | €12 | €15 | €133 | - | - | - |
| Financial charges65/66B | €5k | €5k | €16k | €33k | €24k | ▼ 28.2% |
| Recurring financial charges65 | €5k | €5k | €16k | €33k | €24k | ▼ 28.2% |
| Profit (loss) for the period before taxes9903 | €-82k | €60k | €-198k | €-111k | €-4k | ▲ 96.3% |
| Income taxes67/77 | - | €8k | - | - | €767 | - |
| Profit (loss) for the period9904 | €-82k | €53k | €-198k | €-111k | €-5k | ▲ 95.6% |
| Profit (loss) for the period to be appropriated9905 | €-82k | €53k | €-198k | €-111k | €-5k | ▲ 95.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193k | €250k | €99k | €134k | €93k | ▼ 30.4% |
| Fixed assets21/28 | €74k | €58k | €51k | €32k | €21k | ▼ 35.7% |
| Intangible fixed assets21 | €31k | €25k | €18k | €11k | €5k | ▼ 59.6% |
| Tangible fixed assets22/27 | €35k | €25k | €26k | €14k | €9k | ▼ 35.5% |
| Furniture and vehicles24 | €12k | €9k | €15k | €8k | €6k | ▼ 28.3% |
| Other tangible fixed assets26 | €22k | €16k | €11k | €6k | €3k | ▼ 45.8% |
| Financial fixed assets28 | €8k | €8k | €8k | €8k | €8k | = |
| Current assets29/58 | €119k | €192k | €48k | €101k | €72k | ▼ 28.6% |
| Amounts receivable within one year40/41 | €78k | €85k | €19k | €55k | €36k | ▼ 34.7% |
| Trade receivables40 | €56k | €65k | €3k | €29k | €10k | ▼ 65.6% |
| Other amounts receivable41 | €22k | €20k | €16k | €26k | €26k | = |
| Cash at bank and in hand54/58 | €41k | €106k | €28k | €40k | €21k | ▼ 46.4% |
| Deferred charges and accrued income490/1 | - | €932 | €521 | €6k | €15k | ▲ 137% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193k | €250k | €99k | €134k | €93k | ▼ 30.4% |
| Equity10/15 | €-45k | €7k | €-191k | €-302k | €-307k | ▼ 1.6% |
| Contributions10/11 | €40k | €40k | €40k | €40k | €40k | = |
| Profit (loss) carried forward14 | €-85k | €-33k | €-231k | €-342k | €-347k | ▼ 1.4% |
| Amounts payable17/49 | €238k | €243k | €290k | €436k | €400k | ▼ 8.2% |
| Amounts payable after more than one year17 | €63k | €82k | €84k | €17k | €42k | ▲ 148% |
| Financial debts170/4 | €63k | €82k | €84k | €17k | €1k | ▼ 91.5% |
| Other amounts payable178/9 | - | - | - | - | €40k | - |
| Amounts payable within one year42/48 | €175k | €160k | €202k | €412k | €340k | ▼ 17.3% |
| Current portion of amounts payable after more than one year42 | €29k | €15k | €19k | €16k | €15k | ▼ 6.1% |
| Financial debts43 | - | - | - | - | €22k | - |
| Credit institutions430/8 | - | - | - | - | €22k | - |
| Trade debts44 | €65k | €60k | €56k | €107k | €137k | ▲ 28.0% |
| Suppliers440/4 | €65k | €60k | €56k | €107k | €137k | ▲ 28.0% |
| Advances received on contracts in progress46 | - | - | - | €31k | €2k | ▼ 94.7% |
| Taxes, remuneration and social security45 | €80k | €83k | €128k | €44k | €38k | ▼ 12.5% |
| Taxes450/3 | €40k | €40k | €49k | €9k | €22k | ▲ 132% |
| Remuneration and social security454/9 | €39k | €44k | €79k | €35k | €17k | ▼ 51.6% |
| Other amounts payable47/48 | €1k | €2k | - | €213k | €125k | ▼ 41.3% |
| Accrued charges and deferred income492/3 | - | - | €4k | €7k | €18k | ▲ 152% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-82k | €53k | €-198k | €-111k | €-5k | ▲ 95.6% |
| + Depreciation and write-downs630 | €12k | €16k | €21k | €15k | €14k | ▼ 8.8% |
| Operating cash flow (approximation) | €-70k | €69k | €-177k | €-96k | €9k | ▲ 109% |
| Investment in fixed assets (approximation) | - | €0 | €-14k | €4k | €-2k | ▼ 161% |
| Change in cash | - | €66k | €-78k | €11k | €-18k | ▼ 263% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-198k
Net result drops to €-198k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €53k
Net result €53k after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
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Directors · office · real estate
Directors
7 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, Namur · 2 establishment units since 2009
Ground area
2,101 m²
Building footprint
202 m²
Volume, LiDAR
2,301 m³
2 parcels, Wallonia · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
ERA La Clé
since 20092.176.024.160
ERA La Clé
since 20212.322.837.224
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92021E0053/00_000 | Wallonia | 1,982 m² | 1 · 115 m² | 9.4 m · 3 fl. |
| 92094C0848/00G000 | Wallonia | 119 m² | 1 · 88 m² | 18.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 2,490 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
Founded29-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
85592Vocational training
Contact
Website
www.era.be/fr/era-la-cle
E-mail
lacle@era.be
Scores and ratios are computed by Checked and are not a credit decision.