ERARD
ActiveSummary
ERARD has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €182,222. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 47% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+14
Solvency66▲+4
Growth53=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.6 in 2024; short-term debt: 49.8% and cash: 0.6% of total assets), but 58.7% 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
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
41.3%
Return on assets
3.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
59 d early
2023
36 d early
2022
32 d early
2021
59 d early
2020
60 d early
2019
35 d early
← 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 48 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 8 June (5 of the last 5 filed years within 30 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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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
Turnover
€8.0m▼ 9.1%
2018 · €8.8m
EBIT margin
2.1%▲ 0.6pp
2018 · 1.5%
Net result
€182,222▲ 117%
2024 · €84,023
Working capital
€1.7m▲ 13.9%
2024 · €1.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€1.0m▲ 46.8%€328,168▼ 68.4%€342,627▲ 4.4%€285,765▼ 16.6%€388,179▲ 35.8%
Net result€740,149above the sector's middle half▲ 60.7%€326,476above the sector's middle half▼ 55.9%€67,029within the sector's middle half▼ 79.5%€84,023within the sector's middle half▲ 25.4%€182,222above the sector's middle half▲ 117%
EBIT margin
Equity€1.5mabove the sector's middle half▲ 6.7%€1.6mabove the sector's middle half▲ 6.2%€1.7mabove the sector's middle half▲ 4.1%€1.8mabove the sector's middle half▲ 5.0%€2.0mabove the sector's middle half▲ 10.3%
Total assets€4.7mabove the sector's middle half▲ 39.7%€5.0mabove the sector's middle half▲ 6.3%€4.0mabove the sector's middle half▼ 19.4%€4.7mabove the sector's middle half▲ 16.6%€4.7mabove the sector's middle half▲ 0.1%
Debt€3.2m▲ 63.7%€3.4m▲ 6.4%€2.4m▼ 30.6%€3.0m▲ 24.8%€2.8m▼ 6.1%
Working capital€1.2mabove the sector's middle half▼ 4.9%€1.3mabove the sector's middle half▲ 3.5%€1.4mabove the sector's middle half▲ 6.8%€1.5mabove the sector's middle half▲ 8.0%€1.7mabove the sector's middle half▲ 13.9%
Solvency32.2%within the sector's middle half▼ 10.0pp32.2%within the sector's middle half=41.6%within the sector's middle half▲ 9.4pp37.5%within the sector's middle half▼ 4.1pp41.3%within the sector's middle half▲ 3.8pp
Current ratio1.42within the sector's middle half▼ 0.251.46within the sector's middle half▲ 0.041.76within the sector's middle half▲ 0.291.60within the sector's middle half▼ 0.161.72within the sector's middle half▲ 0.12
Return on assets (ROA)15.7%above the sector's middle half▲ 2.0pp6.5%within the sector's middle half▼ 9.2pp1.7%within the sector's middle half▼ 4.8pp1.8%within the sector's middle half▲ 0.1pp3.9%within the sector's middle half▲ 2.1pp
Staff (FTE)10.8above the sector's middle half▲ 1.9%11.7above the sector's middle half▲ 8.3%12.6above the sector's middle half▲ 7.7%12.8above the sector's middle half▲ 1.6%12.4above the sector's middle half▼ 3.1%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 36% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€688,150 ▼ 9.4%
Current assets
€4.0m ▲ 1.9%
Equity and liabilities €4.7m
Equity
€2.0m ▲ 10.3%
Debt
€2.8m ▼ 6.1%
Debt's share of the balance-sheet total falls from 62.5% to 58.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€518,110▲
2024 · €424,269
Cash flow
€312,153▲
2024 · €222,527
Quick ratio
0.28▼
2024 · 0.53
Debt to equity
1.42▼
2024 · 1.67
ROE
9.3%▲
2024 · 4.8%
Interest coverage
4.01▲
2024 · 2.65
Debt ≤ 1 year
€2.4m▼
2024 · €2.5m
Debt > 1 year
€420,673▼
2024 · €469,309
Income taxes
€76,911▲
2024 · €41,592
Staff costs
€1.2m▼
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 14,733 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €18,076 | €2,225 | €1,880 | €38,549 | €1,810 | ▼ 95.3% |
| Remuneration, social security and pensions62 | €807,630 | €1.0m | €1.1m | €1.2m | €1.2m | ▼ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,160 | €108,401 | €137,055 | €138,504 | €129,931 | ▼ 6.2% |
| Other operating charges640/8 | €22,590 | €20,873 | €19,969 | €20,842 | €24,192 | ▲ 16.1% |
| Non-recurring operating charges66A | €18,612 | €3,397 | €10,352 | €9,057 | €8,053 | ▼ 11.1% |
| Gross operating margin9900 | €2.0m | €1.5m | €1.6m | €1.7m | €1.8m | ▲ 5.5% |
| Operating profit (loss)9901 | €1.0m | €328,168 | €342,627 | €285,765 | €388,179 | ▲ 35.8% |
| Financial income75/76B | €60,426 | €195,890 | €23,112 | €89 | - | - |
| Recurring financial income75 | €2 | €6 | €0 | €89 | - | - |
| Non-recurring financial income76B | €60,424 | €195,884 | €23,112 | - | - | - |
| Financial charges65/66B | €95,351 | €91,646 | €260,361 | €160,239 | €129,046 | ▼ 19.5% |
| Recurring financial charges65 | €95,351 | €91,646 | €183,685 | €160,239 | €129,046 | ▼ 19.5% |
| Non-recurring financial charges66B | - | - | €76,676 | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.0m | €432,412 | €105,378 | €125,615 | €259,133 | ▲ 106% |
| Income taxes67/77 | €264,934 | €105,936 | €38,349 | €41,592 | €76,911 | ▲ 84.9% |
| Profit (loss) for the period9904 | €740,149 | €326,476 | €67,029 | €84,023 | €182,222 | ▲ 117% |
| Profit (loss) for the period to be appropriated9905 | €740,149 | €326,476 | €67,029 | €84,023 | €182,222 | ▲ 117% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.7m | €5.0m | €4.0m | €4.7m | €4.7m | ▲ 0.1% |
| Fixed assets21/28 | €559,020 | €971,979 | €870,842 | €759,467 | €688,150 | ▼ 9.4% |
| Tangible fixed assets22/27 | €558,747 | €971,706 | €862,842 | €759,467 | €688,150 | ▼ 9.4% |
| Plant, machinery and equipment23 | €514,405 | €907,437 | €802,209 | €706,785 | €602,542 | ▼ 14.7% |
| Furniture and vehicles24 | €40,242 | €60,169 | €56,533 | €48,582 | €35,914 | ▼ 26.1% |
| Leasing and similar rights25 | - | - | - | - | €45,594 | - |
| Other tangible fixed assets26 | €4,100 | €4,100 | €4,100 | €4,100 | €4,100 | = |
| Financial fixed assets28 | €273 | €273 | €8,000 | - | - | - |
| Current assets29/58 | €4.2m | €4.1m | €3.2m | €4.0m | €4.0m | ▲ 1.9% |
| Stocks and contracts in progress3 | €2.0m | €3.7m | €2.4m | €2.7m | €3.4m | ▲ 27.3% |
| Stocks30/36 | €2.0m | €3.7m | €2.4m | €2.7m | €3.4m | ▲ 27.3% |
| Amounts receivable within one year40/41 | €2.1m | €336,440 | €758,053 | €1.2m | €605,318 | ▼ 50.6% |
| Trade receivables40 | €966,697 | €186,281 | €628,147 | €663,065 | €529,218 | ▼ 20.2% |
| Other amounts receivable41 | €1.1m | €150,159 | €129,906 | €561,137 | €76,100 | ▼ 86.4% |
| Cash at bank and in hand54/58 | €147,054 | €10,980 | €16,478 | €56,462 | €26,423 | ▼ 53.2% |
| Deferred charges and accrued income490/1 | €1,474 | €29,336 | €30,663 | €22,376 | €20,925 | ▼ 6.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.7m | €5.0m | €4.0m | €4.7m | €4.7m | ▲ 0.1% |
| Equity10/15 | €1.5m | €1.6m | €1.7m | €1.8m | €2.0m | ▲ 10.3% |
| Contributions10/11 | €658,241 | €658,241 | €658,241 | €658,241 | €658,241 | = |
| Capital10 | €658,241 | €658,241 | €658,241 | €658,241 | €658,241 | = |
| Issued capital100 | €658,241 | €658,241 | €658,241 | €658,241 | €658,241 | = |
| Reserves13 | €70,253 | €70,253 | €70,253 | €70,253 | €70,253 | = |
| Non-distributable reserves130/1 | €68,500 | €68,500 | €68,500 | €68,500 | €68,500 | = |
| Legal reserve130 | €68,500 | €68,500 | €68,500 | €68,500 | €68,500 | = |
| Distributable reserves133 | €1,753 | €1,753 | €1,753 | €1,753 | €1,753 | = |
| Profit (loss) carried forward14 | €795,069 | €889,215 | €956,244 | €1.0m | €1.2m | ▲ 17.5% |
| Amounts payable17/49 | €3.2m | €3.4m | €2.4m | €3.0m | €2.8m | ▼ 6.1% |
| Amounts payable after more than one year17 | €274,167 | €636,868 | €555,359 | €469,309 | €420,673 | ▼ 10.4% |
| Financial debts170/4 | €274,167 | €636,868 | €555,359 | €469,309 | €420,673 | ▼ 10.4% |
| Amounts payable within one year42/48 | €2.9m | €2.8m | €1.8m | €2.5m | €2.4m | ▼ 5.2% |
| Current portion of amounts payable after more than one year42 | €35,000 | €85,937 | €85,992 | €86,050 | €94,443 | ▲ 9.8% |
| Financial debts43 | €1.0m | €900,000 | €300,000 | €900,000 | €700,000 | ▼ 22.2% |
| Credit institutions430/8 | €1.0m | €900,000 | €300,000 | €900,000 | €700,000 | ▼ 22.2% |
| Trade debts44 | €1.1m | €697,488 | €1.3m | €1.3m | €1.3m | ▲ 4.2% |
| Suppliers440/4 | €1.1m | €697,488 | €1.3m | €1.3m | €1.3m | ▲ 4.2% |
| Taxes, remuneration and social security45 | €127,355 | €115,589 | €116,376 | €214,169 | €221,427 | ▲ 3.4% |
| Taxes450/3 | €43,378 | €12,761 | €349 | €95,856 | €101,248 | ▲ 5.6% |
| Remuneration and social security454/9 | €83,977 | €102,828 | €116,027 | €118,313 | €120,179 | ▲ 1.6% |
| Other amounts payable47/48 | €644,640 | €972,914 | €26,213 | - | €352 | - |
| Accrued charges and deferred income492/3 | €49 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €740,149 | €326,476 | €67,029 | €84,023 | €182,222 | ▲ 117% |
| + Depreciation and write-downs630 | €63,160 | €108,401 | €137,055 | €138,504 | €129,931 | ▼ 6.2% |
| Operating cash flow (approximation) | €803,309 | €434,877 | €204,084 | €222,527 | €312,153 | ▲ 40.3% |
| Investment in fixed assets (approximation) | - | -€521,360 | -€35,918 | -€27,129 | -€58,614 | ▼ 116% |
| Change in cash | - | -€136,074 | €5,498 | €39,984 | -€30,039 | ▼ 175% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €740,149 ▲60.7%
Operating result €1.0m, net result €740,149, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Lokeren · 1 establishment unit since 1983
Ground area
1.1 ha
Building footprint
6,740 m²
Parcel 46382B1283/00A000, Flanders. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
ERARD
since 19832.022.822.261
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1283/00A000 | Flanders | 1.1 ha | 1 · 6,740 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.
Structure & network
Owners and holdings
1 ownerChain of control
- DISTRIFUND
- ERARD
Highest known parent: DISTRIFUND. The sources do not say who stands above it.
Owners 1
- DISTRIFUNDparentSourceaccounts DISTRIFUND 202599.99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 31,099 EUR awarded · 31,099 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 3,270 EUR | 3,270 EUR |
| 2024 | 1 | 9,583 EUR | 9,583 EUR |
| 2023 | 2 | 15,913 EUR | 15,913 EUR |
| 2022 | 1 | 2,333 EUR | 2,333 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300GELEZPUTBTM403
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Of 1,173 companies in sector 46499 we hold annual accounts for 743. 430 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-08-1983
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
46150Agents in the wholesale of furniture, household goods and hardware
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424446462
Also
9925:BE0424446462
Registered
08-07-2025
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.