ERBA Cooling
ActiveThe computed 12-month bankruptcy probability of ERBA Cooling is 3.0% (moderate). The 2024 annual accounts show equity of €27k and a net result of €530. Its solvency ranks better than 25% of 36373 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▼-25
Solvency48▼-10
Growth52
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.92 in 2023; short-term debt: 70.9% and cash: 14.5% of total assets), and 76.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
23.5%
Return on assets
0.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 36373 sector peers (2024).
NBB · sector comparisonPosition among 36373 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
34 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€27k▲ 2.0%
2023 · €26k
2023: €26k
2023 → 2024
Total assets
€113k▲ 45.0%
2023 · €78k
2023: €78k
2023 → 2024
Net result
€530▼ 96.7%
2023 · €16k
2023: €16k
2023 → 2024
Working capital
€-47k▼ 1,005%
2023 · €-4k
2023: €-4k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€26k-€27k▲ 2.0%
Operating result€20k-€450▼ 97.8%
Net result€16k-€530▼ 96.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 98% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €113k
Fixed assets
€80k▲ 164%
Current assets
€33k▼ 30.6%
Equity and liabilities €113k
Equity
€27k▲ 2.0%
Debt
€87k▲ 66.5%
The debt ratio rises from 66.7% to 76.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▼
2023 · €25k
Cash flow
€9k▼
2023 · €21k
Solvency
23.5%▼
2023 · 33.3%
Current ratio
0.41▼
2023 · 0.92
Quick ratio
0.30▼
2023 · 0.88
Debt / equity
3.26▲
2023 · 2.00
ROE
2.0%▼
2023 · 61.6%
ROA
0.5%▼
2023 · 20.5%
Interest coverage
17.66▼
2023 · 46.34
Debt
€87k▲
2023 · €52k
Debt ≤ 1 year
€80k▲
2023 · €52k
Debt > 1 year
€6k
Income taxes
€237▼
2023 · €4k
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€78k€113k▲
Fixed assets21/28€30k€80k▲
Tangible fixed assets22/27€30k€80k▲
Land and buildings22€8k€7k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€18k€70k▲
Current assets29/58€48k€33k▼
Stocks and contracts in progress3€2k€9k▲
Stocks30/36€2k€4k▲
Contracts in progress37-€5k
Amounts receivable within one year40/41€6k€8k▲
Trade receivables40€3k€3k▼
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€40k€16k▼
Equity and liabilities
Total equity and liabilities10/49€78k€113k▲
Equity10/15€26k€27k▲
Contributions10/11€10k€10k=
Outside capital11€10k€10k=
Other1109/19€10k€10k=
Reserves13€16k€17k▲
Distributable reserves133€16k€17k▲
Amounts payable17/49€52k€87k▲
Amounts payable after more than one year17-€6k
Financial debts170/4-€6k
Amounts payable within one year42/48€52k€80k▲
Current portion of amounts payable after more than one year42€5k€7k▲
Trade debts44€10k€6k▼
Suppliers440/4€10k€6k▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€750€3k▲
Taxes450/3€750€3k▲
Other amounts payable47/48€36k€64k▲
Income statement
Code20232024
Non-recurring operating income76A-€350
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€9k▲
Other operating charges640/8€807€1k▲
Gross operating margin9900€26k€10k▼
Operating profit (loss)9901€20k€450▼
Financial income75/76B€248€831▲
Recurring financial income75€248€831▲
Financial charges65/66B€547€514▼
Recurring financial charges65€547€514▼
Profit (loss) for the period before taxes9903€20k€766▼
Income taxes67/77€4k€237▼
Profit (loss) for the period9904€16k€530▼
Profit (loss) for the period to be appropriated9905€16k€530▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€530▼
Transfer to equity691/2€16k€530▼
To other reserves6921€16k€530▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Genk · 1 establishment unit since 2023
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.
De Roten 83600 GenkGround area
811 m²
Building footprint
138 m²
Volume, LiDAR
720 m³
Parcel 71306G0221/00D135, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ERBA Cooling
since 20232.341.082.528
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71306G0221/00D135 | Flanders | 811 m² | 1 · 138 m² | 6.9 m · 2 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.
Similar companies · same sector, comparable size
BC THERM
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Tom Gadeyne Koeltechniek
BE 0773.871.344
Blankenberge · Eq €27k
ELECTRIS SOLUTIONS
BE 0825.644.006
Marche-en-Famenne · Eq €27k
Qube
BE 0671.680.161
Westerlo · Eq €27k
ASPISIMMO
BE 0748.494.263
Tubize · Eq €27k
Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 3,886 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-2023
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.