Equity
Equity fell by 77% in 11 years.
Equity fell by 77% in 11 years.
From profit to loss in 2025, after a profit of €21,150 in 2024.
Short-term debts rose from €30,383 to €53,414.
The 2021 accounts came 1 day late. The other nine of the last ten were filed on time.
New director. Latest change 15-12-2025 · 3 in office.
Lower net result than 95% of companies in advertising and market research. Sector median €14,755 · 8,618 companies.
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
The dashed line is the sector median: 0.2% across 11,231 companies (NACE 73, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 38% of them on solvency, 10% on liquidity, 6% on profitability and 13% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 5,831 companies had the same profile as ERAXIS has now. Each dot stands for 15 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ERAXIS itself: 0.6% within 12 months.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for ERAXIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.04 (2.11 in 2024), below the usual 1.5. Short-term debt is 64.6% and cash 1.3% of total assets. 64.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Shares in 1 company, ERAXIS INVEST
Board & ownership| Company | ||||
|---|---|---|---|---|
| ERAXIS Anderlecht | €82,650 | -€563 | 35.4% | - |
| Austerlitz Consulting Brussels | €75,340 | -€1,378 | 95.9% | - |
| EIFFEL SERVICES Forest | €90,811 | -€2,648 | 71.0% | - |
| DIVEDIA Andenne | €79,676 | -€8,311 | -47.0% | - |
| STRAK Services Ghent | €81,470 | -€1,396 | -57.0% | - |
| My Radiant Life Academy Boom | €71,276 | -€5,114 | -80.3% | - |
| S.I. MANAGEMENT AND STUDIES Farciennes | €84,446 | -€7,093 | 99.8% | - |
These companies have the same main activity as ERAXIS: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €71,300 and €90,800, founded between 2003 and 2008.
ERAXIS files the micro format. That format states no turnover. The gross margin rose from -€6,813 in 2007 to -€563 in 2025.
FINANCIERE DE L'ORANGER holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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