ERBIVO
ActiveERBIVO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €765k and a net result of €124k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 78% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83=
Solvency96▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.87 against 2.83 in 2024; short-term debt: 25.1% and cash: 34.8% of total assets), and 28.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
71.5%
Return on assets
11.6%
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
Sector 46
higher
← 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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
87 d early
2023
16 d late
2022
52 d early
2021
41 d early
2020
32 d early
2019
37 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€124k▲ 7.0%
2024 · €116k
2018: €60k
2019: €91k
2020: €134k
2021: €-97k
2022: €249k
2023: €-111k
2024: €116k
2018 → 2025
Working capital
€501k▲ 19.0%
2024 · €421k
2018: €495k
2019: €626k
2020: €585k
2021: €260k
2022: €542k
2023: €419k
2024: €421k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€602k-€826k▲ 37.1%€714k▼ 13.5%€741k▲ 3.7%€765k▲ 3.3%
Operating result€-102k-€279k€-108k€129k€166k▲ 29.1%
Net result€-97k-€249k€-111k€116k€124k▲ 7.0%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.07M
Fixed assets
€300k▼ 19.6%
Current assets
€770k▲ 18.2%
Equity and liabilities €1.07M
Equity
€765k▲ 3.3%
Debt
€305k▲ 7.5%
The debt ratio rises from 27.7% to 28.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€239k▲
2024 · €202k
Cash flow
€197k▲
2024 · €190k
Solvency
71.5%▼
2024 · 72.3%
Current ratio
2.87▲
2024 · 2.83
Quick ratio
2.32▲
2024 · 2.16
Debt / equity
0.40▲
2024 · 0.38
ROE
16.3%▲
2024 · 15.7%
ROA
11.6%▲
2024 · 11.3%
Interest coverage
34.92▲
2024 · 31.90
Debt
€305k▲
2024 · €284k
Debt ≤ 1 year
€269k▲
2024 · €230k
Debt > 1 year
€36k▼
2024 · €54k
Income taxes
€36k▲
2024 · €8k
Staff costs
€243k▼
2024 · €246k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.02M€1.07M▲
Fixed assets21/28€373k€300k▼
Intangible fixed assets21€6k€1k▼
Tangible fixed assets22/27€367k€299k▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€143k€105k▼
Other tangible fixed assets26€215k€187k▼
Financial fixed assets28€131€131=
Current assets29/58€652k€770k▲
Stocks and contracts in progress3€155k€146k▼
Stocks30/36€155k€146k▼
Amounts receivable within one year40/41€329k€243k▼
Trade receivables40€319k€242k▼
Other amounts receivable41€10k€1k▼
Cash at bank and in hand54/58€158k€372k▲
Deferred charges and accrued income490/1€10k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.02M€1.07M▲
Equity10/15€741k€765k▲
Contributions10/11€83k€83k=
Capital10€83k€83k=
Issued capital100€83k€83k=
Reserves13€631k€631k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€621k€621k=
Profit (loss) carried forward14€26k€51k▲
Amounts payable17/49€284k€305k▲
Amounts payable after more than one year17€54k€36k▼
Financial debts170/4€54k€36k▼
Amounts payable within one year42/48€230k€269k▲
Current portion of amounts payable after more than one year42€30k€17k▼
Financial debts43€142€142=
Credit institutions430/8€142€142=
Trade debts44€43k€111k▲
Suppliers440/4€43k€111k▲
Taxes, remuneration and social security45€60k€46k▼
Taxes450/3€31k€26k▼
Remuneration and social security454/9€29k€20k▼
Other amounts payable47/48€97k€95k▼
Income statement
Code20242025
Non-recurring operating income76A€36k-
Remuneration, social security and pensions62€246k€243k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€73k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€28€355▲
Gross operating margin9900€450k€485k▲
Operating profit (loss)9901€129k€166k▲
Financial income75/76B€2k€676▼
Recurring financial income75€2k€676▼
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€124k€160k▲
Income taxes67/77€8k€36k▲
Profit (loss) for the period9904€116k€124k▲
Profit (loss) for the period to be appropriated9905€116k€124k▲
Appropriation of the result
Profit (loss) to be appropriated9906€116k€151k▲
Profit (loss) brought forward from the previous period14P-€26k
Profit to be distributed694/7€90k€100k▲
Return on contributions (dividend)694€60k€65k▲
Directors or managers695€30k€35k▲
Social balance
Average headcount (FTE)90873.53.1▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €116k
Net result €116k after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 16 days late
2023
31-12
Financial
Weakest financial yearnet €-111k ▼145%
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €249k
Net result €249k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Opwijk · 3 establishment units since 1988
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 Vlaamse Staak 61745 OpwijkGround area
4,880 m²
Building footprint
1,293 m²
Volume, LiDAR
2,544 m³
3 parcels, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
De Vlaamse Staak 6, 1745 Opwijk
since 19882.039.674.131
Groenstraat 32, 1702 Dilbeek
since 20202.302.596.985
Lepelstraat 45, 1730 Asse
since 20202.302.597.084
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23752H0628/00A000 | Flanders | 2,004 m² | 1 · 947 m² | 11.2 m |
| 23002K0385/00W000 | Flanders | 1,730 m² | 1 · 217 m² | 10.6 m · 2 fl. |
| 23026C0144/00C000 | Flanders | 1,145 m² | 1 · 129 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 5,550 EUR awarded · 5,550 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 4,500 EUR |
| 2022 | 2 | 5,550 EUR | 1,050 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 432 companies in sector 46869 we hold annual accounts for 244. 175 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-08-1988
Fiscal year end31-12
Activities, NACEBEL
46851Wholesale of industrial chemicals
46869Wholesale trade
51550
51562
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.