ERASMUS GARDENS

Active

Public limited companyfounded 200719 yrs activeEdmond Van Nieuwenhuyselaan 30, 1160 Oudergem, BelgiumKBO/BCE: BE 0891.137.515

ERASMUS GARDENS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.89M and a net result of €1.37M. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 29% of 1301 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2024

55 / 100

Fair▲ +12 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+75

Solvency27▼-5

Growth52▲+17

Stability100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €270k at 30 days acceptable

Liquidity tight (current ratio 1.2 against 1.29 in 2023), and 83.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

16.7%

Return on assets

4.7%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-05-2025, 85 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

85 d early

2023

99 d early

2022

101 d early

2021

46 d early

2020

61 d early

2019

85 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, full schema

Turnover

€4.91M▼ 86.8%

2022 · €37.23M

2021: €13.10M 2022: €37.23M

2021 → 2023

EBIT margin

13.8%▼ 9.8pp

2022 · 23.6%

2021: 16.1% 2022: 23.6%

2021 → 2023

Net result

€1.37M▲ 996%

2023 · €125k

2021: €1.26M 2022: €6.24M 2023: €125k

2021 → 2024

Working capital

€4.91M▼ 13.7%

2023 · €5.68M

2021: €10.65M 2022: €5.00M 2023: €5.68M

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Turnover€13.10M-€37.23M▲ 184%€4.91M▼ 86.8%

Equity€4.76M-€5.00M▲ 4.9%€5.12M▲ 2.5%€4.89M▼ 4.6%

Operating result€2.11M-€8.80M▲ 317%€676k▼ 92.3%€3.04M▲ 350%

Net result€1.26M-€6.24M▲ 396%€125k▼ 98.0%€1.37M▲ 996%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 350% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €29.23M

16.7%

83.3%

Equity €4.89M▼ 4.6%

Debt €24.35M▲ 22.2%

The debt ratio rises from 79.6% to 83.3%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

Solvency

16.7%▼

2023 · 20.4%

Current ratio

1.20▼

2023 · 1.29

Quick ratio

0.19▼

2023 · 0.30

Debt / equity

4.98▲

2023 · 3.89

ROE

28.0%▲

2023 · 2.4%

ROA

4.7%▲

2023 · 0.5%

Debt

€24.35M▲

2023 · €19.93M

Debt ≤ 1 year

€24.33M▲

2023 · €19.36M

Income taxes

€507k▲

2023 · €43k

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€25.05M€29.23M▲

Current assets29/58€25.05M€29.23M▲

Amounts receivable after more than one year29€2.11M-

Other amounts receivable291€2.11M-

Stocks and contracts in progress3€19.17M€24.50M▲

Stocks30/36€19.17M€24.50M▲

Property held for sale35€19.17M-

Amounts receivable within one year40/41€2.18M€2.12M▼

Trade receivables40€69k€12k▼

Other amounts receivable41€2.11M€2.11M=

Cash at bank and in hand54/58€1.56M€2.61M▲

Deferred charges and accrued income490/1€33k€9k▼

Equity and liabilities

Total equity and liabilities10/49€25.05M€29.23M▲

Equity10/15€5.12M€4.89M▼

Contributions10/11€4.26M€4.26M=

Capital10€4.26M€4.26M=

Issued capital100€4.26M€4.26M=

Reserves13€426k€426k=

Non-distributable reserves130/1€426k€426k=

Legal reserve130€426k€426k=

Profit (loss) carried forward14€434k€200k▼

Amounts payable17/49€19.93M€24.35M▲

Amounts payable within one year42/48€19.36M€24.33M▲

Financial debts43€14.28M€17.88M▲

Credit institutions430/8€14.28M€17.88M▲

Trade debts44€3.49M€3.91M▲

Suppliers440/4€3.49M€3.91M▲

Advances received on contracts in progress46€36k€33k▼

Taxes, remuneration and social security45€1.56M€910k▼

Taxes450/3€1.56M€910k▼

Other amounts payable47/48-€1.60M

Accrued charges and deferred income492/3€565k€19k▼

Income statement Code20232024

Operating income70/76A€4.91M-

Turnover70€4.91M-

Other operating income74€5k-

Operating charges60/66A€4.24M-

Goods for resale, raw materials and consumables60€4.01M-

Purchases600/8€11.34M-

Change in stocks: decrease (increase)609€-7.33M-

Services and other goods61€218k-

Other operating charges640/8€8k€149k▲

Gross operating margin9900-€3.19M

Operating profit (loss)9901€676k€3.04M▲

Financial income75/76B€117k€1k▼

Recurring financial income75€117k€1k▼

Income from financial fixed assets750€117k-

Financial charges65/66B€626k€1.17M▲

Recurring financial charges65€626k€1.17M▲

Debt charges650€503k-

Other financial charges652/9€122k-

Profit (loss) for the period before taxes9903€168k€1.87M▲

Income taxes67/77€43k€507k▲

Taxes670/3€43k-

Profit (loss) for the period9904€125k€1.37M▲

Profit (loss) for the period to be appropriated9905€125k€1.37M▲

Appropriation of the result

Profit (loss) to be appropriated9906€434k€1.80M▲

Profit (loss) brought forward from the previous period14P€309k€434k▲

Profit to be distributed694/7-€1.60M

Return on contributions (dividend)694-€1.60M

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 3Gazette 1Filings 10

2026

28-07

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Director resignation5 facts ▸

General meeting, 07/04/2026
Auditor appointment, EY Réviseurs d'Entreprises SRL (commissaire)
Director resignation, SG Perf SRL (administrateur A)
Director appointment, Smilestone SRL (administrateur A)
Permanent representative, Béranger Dumont

2025

07-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

23-04

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Weakest financial yearnet €125k ▼98%

Net result drops to €125k, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €5MEq €5.12M ▲2.5%

3 profitable years in a row build equity to €5.12M.

21-04

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Highest result since 2021net €6.24M ▲396%

Operating result €8.80M, net result €6.24M, both a record.

15-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-05

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

07-05

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

04-04

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

31-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

17-05

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

27-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 directors, no change since 2026

Smilestone sprl

Administrateur a · since 07-04-2026 · Legal entity · perm. rep.: Béranger Dumont

Current

07-04-2026 Smilestone sprl: Appointed as Administrateur a

07-04-2026 SG PERF SRL: Resigned as Administrateur a

Location & real-estate footprint

Registered office, Oudergem

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.

Edmond Van Nieuwenhuyselaan 301160 Oudergem

Ground area

5,641 m²

Building footprint

1,517 m²

Volume, LiDAR

16,785 m³

Parcel 21332B0498/00B000, Brussels · tallest building 25.8 m, ±5 floors. Linked by address, not a title deed.

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21332B0498/00B000	Brussels	5,641 m²	1 · 1,517 m²	25.8 m · 5 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.

Statutory auditor

1 auditor

EY Réviseurs d'Entreprises SRLCurrent

Commissaire

28-07-2026 → present

Structure & network

Connections & network

6 connected companies

Shared directors

Network connections

BAVIERE DEVELOPPEMENT

Shared corporate director

→

Europea Housing

Shared corporate director

→

IMMOANGE

Shared corporate director

→

VICTOR BARA

Shared corporate director

→

Show 2 more network connections

VICTOR SPAAK

Shared corporate director

→

WOLIMMO

Shared corporate director

→

Similar companies · same sector, comparable size

Geraardsbergen · Eq €4.90M

ENTREPRISES PIRLOT JACQUES

JOSEPH BAIJOT ET FILS

BE 0426.808.215

Gedinne · Eq €4.92M

Of 29,535 companies in sector 41001 we hold annual accounts for 15,871. 1,967 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded30-07-2007

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

45211

68121Development of residential building projects

68122Development of non-residential building projects

45212

68201Renting and operating of own or leased residential real estate, excluding social housing

68203Renting and operating of own or leased non-residential real estate, excluding land

70111

70113

70201

70203

Sources

Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.