ERC

Active

Public limited companyfounded 1990active for 36 yearsIndustrieweg 3, 2390 Malle, BelgiumKBO/BCE: BE 0441.095.721

Summary

ERC has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €15,462. Equity has been stable since 2019 (±2% per year). Its solvency ranks better than 95% of 11,261 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

ERCActiveChecked score 95/100

Risk analysis Report Compare

Overview

Official details

Source: KBO

Status: Active since 26-06-1990 Normal situation
Activity: Development of residential building projects NACE 68121and 2 others
Establishment unit: 2.049.067.689 2390 Malle, since 27-07-1990
Financial year end: 27 June
Peppol: Reachable

Company details

Board and ownership

Board

Jon Edward FerchManaging director
Kristi Lynn PetersonDirector · since 15-03-2021
Renata Ferraiolo PereiraDirector · since 31-10-2024

Auditor: Ernst et Young Reviseurs d'Entreprises

Shareholders

People Against Dirty Holdings Ltd99.95%annual accounts 27-06-2025
S.C. Johnson Netherlands II Cooperatief U.A.0.05%annual accounts 27-06-2025

Board & ownership

Financial position

95 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Annual accounts to 27-06-2025

Gross margin: €35,006; ▼ 37.1%
Turnover: ≈ €96,000; estimated
Profit: €15,462; ▼ 56.2%
Equity: €1.5m; ▲ 1.0%
Total assets: €1.6m; ▲ 0.2%

Financials

Score breakdownlowers riskSize: total assets €1.6mEquity €1.5m (96.0% of total assets)Founded in 1990Figures for financial year 2025 (filed on 25-12-2025)Show the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Financially stronger than 60% of micro companies in real estate (NACE 68)

Every signal that counts is listed under Signals.

Financial strength · tick: 2024

Strong

Solvency 100=

equity 96.0% of total assets

Liquidity 54-4

short-term debt 0.0% · cash 3.4%

Profitability 40-3

return on assets 1.0%

Bankruptcy probability within 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,630 companies, NACE 68, micro)

Last 24 months 12-2024: 0.2%highest value 01-2025: < 0.1%▼ -0.2 percentage points vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Credit of up to €140,000 on 30-day terms is acceptable

Short-term debt is 0% and cash 3.4% of total assets. 4% of the assets are financed with debt and provisions.

Calculation

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 68, micro). It does better than 91% of them on solvency, 64% on liquidity, 36% on profitability and 49% on growth.

The bankruptcy probability was computed on 03-11-2026 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.

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).

Credit check for an amount and term of your choice

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.

Signals

Five signals.

lowers riskneutral

Size: total assets €1.6m

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Equity €1.5m (96.0% of total assets)

NBB · annual accounts

Founded in 1990

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

Figures for financial year 2025 (filed on 25-12-2025)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 27-06-2025 was due by 27-01-2026 and was filed on 24-12-2025, 34 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

34 days early

2024

42 days early

2023

28 days early

2022

40 days early

2021

20 days late

2020

44 days early

2019

50 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Financials

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 24-12-2025 PDF all 35 filings

Turnover

≈ €96,000

Estimated: probably between €53,000 and €200,000

Total assets

€1.6m▲ 0.2%

2024 · €1.6m

Net result

€15,462▼ 56.2%

2024 · €35,267

Working capital

€1.3m▲ 2.4%

2024 · €1.2m

In the rankings #5 company by equity in Malle, Real estate sector #8 oldest company in Malle, Real estate sector

Multi-year overview

2019 to 2025, 7 financial years

Operating result

€16,196

▼ 54.6% 2025

20192025

Net result

€15,462

▼ 56.2% 2025

middle half of the sector

20192025

Equity

€1.5m

▲ 1.0% 2025

highest quarter of the sector

20192025

Total assets

€1.6m

▲ 0.2% 2025

middle half of the sector

20192025

Debt

€61,904

▼ 16.0% 2025

20192025

Working capital

€1.3m

▲ 2.4% 2025

highest quarter of the sector

20192025

Solvency

96.0%

▲ 0.8pp 2025

highest quarter of the sector

20192025

Current ratio

no figure

2025

20192025

Return on assets (ROA)

1.0%

▼ 1.3pp 2025

middle half of the sector

20192025

Every figure per financial year

Every figure with its change against the financial year before

favourable unfavourable

Line2019202020212022202320242025

Operating result-€0.08m--€0.3m▼ 268%€0.2m€0.04m▼ 79.8%€0.03m▼ 19.2%€0.04m▲ 20.1%€0.02m▼ 54.6%

Net result-€0.07m--€0.3m▼ 304%€0.2m€0.04m▼ 79.9%€0.03m▼ 19.2%€0.04m▲ 20.0%€0.02m▼ 56.2%

Equity€1.5m-€1.2m▼ 18.7%€1.4m▲ 15.0%€1.4m▲ 2.6%€1.5m▲ 2.1%€1.5m▲ 2.4%€1.5m▲ 1.0%

Total assets€1.5m-€1.2m▼ 18.4%€1.4m▲ 14.5%€1.5m▲ 2.7%€1.5m▲ 3.3%€1.6m▲ 3.8%€1.6m▲ 0.2%

Debt€0.03m-€0.03m▼ 1.4%€0.03m▼ 5.8%€0.03m▲ 7.6%€0.05m▲ 58.0%€0.07m▲ 44.3%€0.06m▼ 16.0%

Working capital€1.0m-€0.9m▼ 3.8%€1.1m▲ 20.2%€1.1m▲ 3.5%€1.2m▲ 4.2%€1.2m▲ 2.7%€1.3m▲ 2.4%

Solvency97.9%-97.4%▼ 0.4pp97.9%▲ 0.5pp97.8%▼ 0.1pp96.6%▼ 1.2pp95.3%▼ 1.3pp96.0%▲ 0.8pp

Current ratio47.36

Return on assets (ROA)-4.5%--22.5%▼ 17.9pp12.8%▲ 35.3pp2.5%▼ 10.3pp2.0%▼ 0.5pp2.3%▲ 0.3pp1.0%▼ 1.3pp

above within below The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 55% lower than in 2024 and the lowest since 2021.

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.6m

19.9%

80.1%

Fixed assets €312,278 =

Current assets €1.3m ▲ 0.3%

Equity and liabilities €1.6m

96.0%

Equity €1.5m ▲ 1.0%

Debt €61,904 ▼ 16.0%

Debt's share of the balance-sheet total falls from 4.7% to 4.0%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

Debt to equity

0.04▼

2024 · 0.05

ROE

1.0%▼

2024 · 2.4%

Debt ≤ 1 year

€281▼

2024 · €26,415

A ratio outside any meaningful range has been withheld (balance sheet total €1.6m, equity €1.5m).

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.6m€1.6m▲

Fixed assets21/28€0.3m€0.3m=

Tangible fixed assets22/27€0.3m€0.3m=

Land and buildings22€0.3m€0.3m=

Current assets29/58€1.3m€1.3m▲

Amounts receivable within one year40/41€1.2m€1.2m▲

Trade receivables40€0.001m€0.001m=

Other amounts receivable41€1.1m€1.2m▲

Cash at bank and in hand54/58€0.1m€0.05m▼

Deferred charges and accrued income490/1€0-

Equity and liabilities

Total equity and liabilities10/49€1.6m€1.6m▲

Equity10/15€1.5m€1.5m▲

Contributions10/11€1.3m€1.3m=

Capital10€1.3m€1.3m=

Issued capital100€1.3m€1.3m=

Reserves13€0.1m€0.1m=

Non-distributable reserves130/1€0.1m€0.1m=

Legal reserve130€0.1m€0.1m=

Profit (loss) carried forward14€0.1m€0.1m▲

Amounts payable17/49€0.07m€0.06m▼

Amounts payable within one year42/48€0.03m€281▼

Trade debts44€0.002m€120▼

Suppliers440/4€0.002m€120▼

Other amounts payable47/48€0.02m€161▼

Accrued charges and deferred income492/3€0.05m€0.06m▲

Income statement Code20242025

Other operating charges640/8€0.02m€0.02m▼

Gross operating margin9900€0.06m€0.04m▼

Operating profit (loss)9901€0.04m€0.02m▼

Financial charges65/66B€445€0.001m▲

Recurring financial charges65€445€0.001m▲

Profit (loss) for the period before taxes9903€0.04m€0.02m▼

Profit (loss) for the period9904€0.04m€0.02m▼

Profit (loss) for the period to be appropriated9905€0.04m€0.02m▼

Appropriation of the result

Profit (loss) to be appropriated9906€0.1m€0.1m▲

Profit (loss) brought forward from the previous period14P€0.08m€0.1m▲

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 24-12-2025.

Line	2019	2020	2021	2022	2023	2024	2025	Change
Non-recurring operating income76A	-	-	-	€0	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€47,486	€0	-	-	-	-	-	-
Other operating charges640/8	-	-	-	€14,502	€18,000	€19,909	€18,810	▼ 5.5%
Non-recurring operating charges66A	-	-	-	€0	-	-	-	-
Gross operating margin9900	-€5,050	-€17,577	€199,396	€51,279	€47,731	€55,621	€35,006	▼ 37.1%
Operating profit (loss)9901	-€75,569	-€278,087	€181,750	€36,777	€29,731	€35,712	€16,196	▼ 54.6%
Recurring financial income75	€7,200	€0	-	-	-	-	-	-
Financial charges65/66B	-	-	-	€387	€332	€445	€734	▲ 65.1%
Recurring financial charges65	€531	€456	€417	€387	€332	€445	€734	▲ 65.1%
Profit (loss) for the period before taxes9903	-€68,901	-€278,543	€181,333	€36,390	€29,398	€35,267	€15,462	▼ 56.2%
Profit (loss) for the period9904	-€68,901	-€278,543	€181,333	€36,390	€29,398	€35,267	€15,462	▼ 56.2%
Profit (loss) for the period to be appropriated9905	-€68,901	-€278,543	€181,333	€36,390	€29,398	€35,267	€15,462	▼ 56.2%

Line	2019	2020	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€1.5m	€1.2m	€1.4m	€1.5m	€1.5m	€1.6m	€1.6m	▲ 0.2%
Fixed assets21/28	€0.6m	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	=
Tangible fixed assets22/27	€0.6m	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	=
Land and buildings22	-	-	-	€0.3m	€0.3m	€0.3m	€0.3m	=
Current assets29/58	€1.0m	€0.9m	€1.1m	€1.1m	€1.2m	€1.3m	€1.3m	▲ 0.3%
Amounts receivable within one year40/41	€1.0m	€0.9m	€1.1m	€1.1m	€1.2m	€1.2m	€1.2m	▲ 4.3%
Trade receivables40	-	-	-	€0.001m	€0.001m	€0.001m	€0.001m	=
Other amounts receivable41	-	-	-	€1.1m	€1.2m	€1.1m	€1.2m	▲ 4.3%
Cash at bank and in hand54/58	-	-	-	-	-	€0.1m	€0.05m	▼ 46.3%
Deferred charges and accrued income490/1	-	-	-	-	€0.005m	€0	-	-
Equity and liabilities
Total equity and liabilities10/49	€1.5m	€1.2m	€1.4m	€1.5m	€1.5m	€1.6m	€1.6m	▲ 0.2%
Equity10/15	€1.5m	€1.2m	€1.4m	€1.4m	€1.5m	€1.5m	€1.5m	▲ 1.0%
Contributions10/11	€1.3m	€1.3m	€1.3m	€1.3m	€1.3m	€1.3m	€1.3m	=
Capital10	-	-	-	€1.3m	€1.3m	€1.3m	€1.3m	=
Issued capital100	-	-	-	€1.3m	€1.3m	€1.3m	€1.3m	=
Reserves13	€0.1m	€0.1m	€0.1m	€0.1m	€0.1m	€0.1m	€0.1m	=
Non-distributable reserves130/1	-	-	-	€0.1m	€0.1m	€0.1m	€0.1m	=
Legal reserve130	-	-	-	€0.1m	€0.1m	€0.1m	€0.1m	=
Profit (loss) carried forward14	€0.1m	-€0.2m	€0.01m	€0.05m	€0.08m	€0.1m	€0.1m	▲ 13.8%
Amounts payable17/49	€0.03m	€0.03m	€0.03m	€0.03m	€0.05m	€0.07m	€0.06m	▼ 16.0%
Amounts payable within one year42/48	€0.004m	€0.007m	€0.001m	€0.001m	€0.001m	€0.03m	€281	▼ 98.9%
Trade debts44	€0.004m	€0.007m	€0.001m	€0.001m	€0.001m	€0.002m	€120	▼ 93.4%
Suppliers440/4	-	-	-	€0.001m	€0.001m	€0.002m	€120	▼ 93.4%
Other amounts payable47/48	-	-	-	-	-	€0.02m	€161	▼ 99.3%
Accrued charges and deferred income492/3	-	-	-	€0.03m	€0.05m	€0.05m	€0.06m	▲ 30.3%

Line	2019	2020	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	-€68,901	-€278,543	€181,333	€36,390	€29,398	€35,267	€15,462	▼ 56.2%
+ Depreciation and write-downs630	€47,486	€0	-	-	-	-	-	-
Operating cash flow (approximation)	-€21,415	-€278,543	€181,333	€36,390	€29,398	€35,267	€15,462	▼ 56.2%
Investment in fixed assets (approximation)	-	€246,148	€0	€0	€0	€0	€0	-
Change in cash	-	-	-	-	-	-	-€46,315	-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 14,766 companies had the same profile as ERC has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.

Small
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

96.2% was still going

3.5% stopped otherwise

0.2% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of ERC itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 14,766 companies, not a prediction for ERC. 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.

Latest 10 of 35 filings with the National Bank

Financial year	Type	Filed	Reference	Document
27-06-2025	abbreviated format	24-12-2025	2025-00590230	PDF
28-06-2024	abbreviated format	17-12-2024	2024-00619268	PDF
30-06-2023	abbreviated format	03-01-2024	2024-00543110	PDF
01-07-2022	abbreviated format	23-12-2022	2022-20546554	PDF
02-07-2021	abbreviated format	22-02-2022	2022-06200123	PDF
03-07-2020	abbreviated format	21-12-2020	2020-76600182	PDF
30-06-2019	abbreviated format	12-12-2019	2019-75900354	PDF
31-12-2017	abbreviated format	27-07-2018	2018-38300546	PDF
31-12-2016	abbreviated format	26-07-2017	2017-36700361	PDF
31-12-2015	full format	29-11-2016	2016-69200044	PDF

Show all 35 filings

Board & ownership

Directors

3 directors, 1 in day-to-day management, no change since 2026

Act of 28-01-2026Reappointment: Ernst en Young Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Carlo-Sébastien D'Addario

Board 3

Kristi Lynn Peterson

Director · since 15-03-2021 · term until the 2026 general meeting · listed in the 2025 annual accounts, filed on 24-12-2025

Current

Jon Edward Ferch

Director · since 31-10-2024 · listed in the 2025 annual accounts, filed on 24-12-2025

Current

Renata Ferraiolo Pereira

Director · since 31-10-2024 · listed in the 2025 annual accounts, filed on 24-12-2025

Current

Day-to-day management 1

Jon Edward Ferch

Managing director · appointed in the act of 29-11-2024 · term without a fixed end

Current

Statutory auditor 1

Ernst et Young Reviseurs d'Entreprises

Statutory auditor · current term since 26-06-2025 · 3-year term from 2026 · permanent representative: Carlo-Sébastien D'Addario · listed in the 2025 annual accounts, filed on 24-12-2025

Current

Office holders in the KBO →

Owners and capital

Shareholders

2 owners

Chain of control

People Against Dirty Holdings LtdGB 99.95%
ERC

People Against Dirty Holdings LtdGBparent
Sourceown accounts 27-06-2025

99.95%
S.C. Johnson Netherlands II Cooperatief U.A.NL
Sourceown accounts 27-06-2025

0.05%

Capital transactions

Capital over time

26-06-2020 Capital stated in the deed · €1,252,690.57 · 1,891 shares

Mandate history

24 people, 4 in office

All 24 In office 4 Ended 20

Board
Day-to-day management
Statutory auditor
began earlier
end not dated

Mandates per person, with start and end dates
Name	Functions and periods
Kristi Lynn Peterson	Director, from 15-03-2021 to date
Jon Edward Ferch	Director, appointed in the act of 29-11-2024, still in office Managing director, appointed in the act of 29-11-2024, still in office
Renata Ferraiolo Pereira	Director, appointed in the act of 29-11-2024, still in office
Ernst et Young Reviseurs d'Entreprises	Statutory auditor, appointed in the act of 07-11-2019, still in office
Guillermo Hugo Beade	Director, appointed in the act of 11-03-2021, until 29-11-2024
James Jeffrey Bezzo	Director, appointed in the act of 07-01-2021, until 29-11-2024 Managing director, appointed in the act of 07-01-2021, until 29-11-2024
Timothy Bailey	Director, until 15-03-2021
Christoph Wolfgang Schulze - Melander	Director, appointed in the act of 09-01-2017, until 12-02-2021
Audrey Ditter	Managing director, appointed in the act of 13-02-2019, until 18-11-2020 Director, until 17-11-2020
BDO Bedrijfsrevisoren Burg CV	Statutory auditor, appointed in the act of 03-01-2017, until 10-10-2019
Philip Malmberg	Director, appointed in the act of 27-06-2013, until 28-02-2015 Managing director, appointed in the act of 18-07-2013, until 10-07-2018
Audrey S. Ditter	Director, appointed in the act of 01-03-2018, no longer listed in the 2025 annual accounts
Timothy E. Bailey	Director, appointed in the act of 01-03-2018, no longer listed in the 2025 annual accounts
Andrew Fraser	Director, appointed in the act of 30-04-2015, until 16-01-2018 Afgevaardigde bestuurder, appointed in the act of 30-04-2015, until 16-01-2018
Mark Burton	Director, appointed in the act of 09-01-2017, until 16-01-2018
Paul Yee	Director, appointed in the act of 09-01-2017, until 27-06-2017
PWC Bedrijfsrevisoren BCVBA	Auditor, appointed in the act of 25-06-2003, until 01-12-2016
Jonathon Bond	Director, appointed in the act of 22-06-2016, until 03-11-2016
Ignace Bogaert	Director, appointed in the act of 25-06-2003, until 29-06-2015
Michael Bremans	Managing director, appointed in the act of 25-06-2003, ended, last mentioned on 15-03-2011 Director, appointed in the act of 25-06-2003, until 06-05-2013
Jørgen Philip-Sørensen	Board, until 18-01-2010
EcoHolding	Director, appointed in the act of 25-06-2003, no longer listed in the 2025 annual accounts
Jorgen Philip-Sorensen	Director, appointed in the act of 25-06-2003, no longer listed in the 2025 annual accounts
Philip Louis Malmberg	Director, until 01-01-2001

Show all 24 people Show the first 12See the board, name and registered office on a given date →

Network & group

Companies at the same address

5 other companies

Connections & network

3 current directors

Depth

The network starts from the directors of ERC. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet

Timeline

Acts, filings and financial milestones

All 40Financial 4Gazette 26Filings 10

2026

28-01

Gazette deed Reappointment: Ernst en Young Bedrijfsrevisoren BV (statutory auditor)

Permanent representative: Carlo-Sébastien D'Addario3 points ▸

General meeting, 13-11-2025
Auditor reappointment, Ernst en Young Bedrijfsrevisoren BV (statutory auditor)
Permanent representative, Carlo-Sébastien D'Addario

Open the act in the Belgian Official Gazette

2025

24-12

NBB filing Annual accounts 2025 filedPDF

abbreviated format · 34 days before the deadline

27-06

Financial Liquidity more than 94 timescurrent ratio 4459.15

The current ratio rises from 47.36 to 4459.15. Short-term debt falls from €26,415 to €281.

2024

17-12

NBB filing Annual accounts 2024 filedPDF

abbreviated format · 42 days before the deadline

29-11

Gazette deed 3 directors appointed, 3 directors resigning

Resignations: James Jeffrey Bezzo (director) and Guillermo Hugo Beade (director) · Appointments: Jon Edward Ferch (director) and Renata Ferraiolo Pereira (director)8 points ▸

General meeting, 31-10-2024
Director resignation, James Jeffrey Bezzo (director)
Director resignation, Guillermo Hugo Beade (director)
Director appointment, Jon Edward Ferch (director)
Director appointment, Renata Ferraiolo Pereira (director)
Board meeting, 31-10-2024
Director resignation, James Jeffrey Bezzo (managing director)
Director appointment, Jon Edward Ferch (managing director)

Open the act in the Belgian Official Gazette

03-01

NBB filing Annual accounts 2023 filedPDF

abbreviated format · 28 days before the deadline

2022

23-12

NBB filing Annual accounts 2022 filedPDF

abbreviated format · 40 days before the deadline

22-02

NBB filing Annual accounts 2021 filedPDF

abbreviated format · 20 days late

16-02

Gazette deed Reappointment: Ernst en Young Bedrijfsrevisoren BV (statutory auditor)

Permanent representative: Carlo-Sébastien D'Addario3 points ▸

General meeting, 10-12-2021
Auditor reappointment, Ernst en Young Bedrijfsrevisoren BV (statutory auditor)
Permanent representative, Carlo-Sébastien D'Addario

Open the act in the Belgian Official Gazette

2021

02-07

Financial Back to profitnet €181,333

The net result is €181,333, after 2 loss-making years.

02-07

Financial Liquidity more than 7 timescurrent ratio 913.37

The current ratio rises from 127.90 to 913.37. Short-term debt falls from €7,248 to €1,211.

28-04

Gazette deed Resignation: Timothy Bailey (director)

Appointment: Kristi Lynn Peterson (director) · Mandate compensation4 points ▸

General meeting, 15-03-2021
Director resignation, Timothy Bailey (director)
Director appointment, Kristi Lynn Peterson (director)
Mandate compensation, Kristi Lynn Peterson

Open the act in the Belgian Official Gazette

Show earlier events

11-03

Gazette deed Resignation: Christoph Wolfgang Schulze-Melander (director)

Appointment: Guillermo Hugo Beade (director) · Mandate compensation4 points ▸

General meeting, 12-02-2021
Director resignation, Christoph Wolfgang Schulze-Melander (director)
Director appointment, Guillermo Hugo Beade (director)
Mandate compensation, Guillermo Hugo Beade

Open the act in the Belgian Official Gazette

07-01

Gazette deed Resignation: Audrey Ditter (director)

Appointment: James Jeffrey Bezzo (director) · Mandate compensation7 points ▸

General meeting, 17-11-2020
Director resignation, Audrey Ditter (director)
Director appointment, James Jeffrey Bezzo (director)
Mandate compensation, James Jeffrey Bezzo, mentioned 2 times in the deed
Board meeting, 18-11-2020
Director resignation, Audrey Ditter (managing director)
Director appointment, James Jeffrey Bezzo (managing director)

Open the act in the Belgian Official Gazette

2020

21-12

NBB filing Annual accounts 2020 filedPDF

abbreviated format · 44 days before the deadline

03-07

Financial Weakest financial yearnet -€278,543

The net result drops to -€278,543, the lowest from 2019 to 2025. It recovers the following year.

26-06

Gazette deed Amendment of the articles

Capital3 points ▸

General meeting, 17-06-2020
Amendment of the articles, mentioned 4 times in the deed
Capital, €1,252,690.57

Open the act in the Belgian Official Gazette

2019

12-12

NBB filing Annual accounts 2019 filedPDF

abbreviated format · 50 days before the deadline

07-11

Gazette deed Appointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)

Permanent representative: Carlo-Sébastien D'Addario · Auditor removal4 points ▸

General meeting, 10-10-2019
Auditor removal, “commissaris”, 10-10-2019 (deed in Dutch)
Auditor appointment, Ernst & Young Bedrijfsrevisoren (statutory auditor)
Permanent representative, Carlo-Sébastien D'Addario

Open the act in the Belgian Official Gazette

13-02

Gazette deed Appointment: Audrey Ditter (managing director)

2 points ▸

Board meeting, 07-01-2019
Director appointment, Audrey Ditter (managing director)

Open the act in the Belgian Official Gazette

21-01

Gazette deed Algemene Vergadering - Boekjaar

Amendment of the articles2 points ▸

General meeting, 28-12-2018
Amendment of the articles, mentioned 3 times in the deed

Open the act in the Belgian Official Gazette

2018

27-07

NBB filing Annual accounts 2017 filedPDF

abbreviated format · 4 days before the deadline

10-07

Gazette deed Resignation: Philip Malmberg (managing director)

Power of attorney · Establishment name change4 points ▸

Board meeting, 31-05-2018
Director resignation, Philip Malmberg (managing director)
Power of attorney, ERC
Establishment name change, “ERC” (deed in Dutch)

Open the act in the Belgian Official Gazette

01-03

Gazette deed 2 directors appointed, 2 directors resigning

Resignations: Andrew Fraser (director and managing director) and Mark Burton (director) · Appointments: Timothy E. Bailey (director) and Audrey S. Ditter (director)5 points ▸

General meeting, 16-01-2018
Director resignation, Andrew Fraser (director and managing director)
Director resignation, Mark Burton (director)
Director appointment, Timothy E. Bailey (director)
Director appointment, Audrey S. Ditter (director)

Open the act in the Belgian Official Gazette

2017

28-07

Gazette deed Resignation: Paul Yee (director)

2 points ▸

General meeting, 27-06-2017
Director resignation, Paul Yee (director)

Open the act in the Belgian Official Gazette

26-07

NBB filing Annual accounts 2016 filedPDF

abbreviated format · 5 days before the deadline

09-01

Gazette deed 3 directors appointed, 1 director resigning

Resignation: Jonathon Bond (director) · Appointments: Paul Yee, Christoph Wolfgang Schulze - Melander and Mark Burton5 points ▸

General meeting, 07-12-2016
Director resignation, Jonathon Bond (director)
Director appointment, Paul Yee (director)
Director appointment, Christoph Wolfgang Schulze - Melander (director)
Director appointment, Mark Burton (director)

Open the act in the Belgian Official Gazette

03-01

Gazette deed Resignation: PwC Bedrijfsrevisoren Burg. CVBA (statutory auditor)

Appointment: BDO Bedrijfsrevisoren Burg CV (statutory auditor)3 points ▸

General meeting, 01-12-2016
Director resignation, PwC Bedrijfsrevisoren Burg. CVBA (statutory auditor)
Auditor appointment, BDO Bedrijfsrevisoren Burg CV (statutory auditor)

Open the act in the Belgian Official Gazette

2016

29-11

NBB filing Annual accounts 2015 filedPDF

full format · 121 days late

22-06

Gazette deed Appointment: Jonathon BOND (director)

2 points ▸

General meeting, 15-03-2016
Director appointment, Jonathon BOND (director)

Open the act in the Belgian Official Gazette

2015

19-10

Gazette deed Resignation: Ignace Bogaert (director)

2 points ▸

General meeting, 29-06-2015
Director resignation, Ignace Bogaert (director)

Open the act in the Belgian Official Gazette

25-06

Gazette deed Reappointment: BCVBA PWC Bedrijfsrevisoren (statutory auditor)

Permanent representative: Filip Lozie3 points ▸

General meeting, 31-07-2014
Auditor reappointment, BCVBA PWC Bedrijfsrevisoren
Permanent representative, Filip Lozie

Open the act in the Belgian Official Gazette

30-04

Gazette deed Resignation: Philip Malmberg (director)

Appointment: Andrew Fraser (director)5 points ▸

General meeting, 28-02-2015
Director resignation, Philip Malmberg (director)
Director appointment, Andrew Fraser (director)
Board meeting, 28-02-2015
Director appointment, Andrew Fraser (afgevaardigde bestuurder)

Open the act in the Belgian Official Gazette

2013

18-07

Gazette deed Appointment: Philip MALMBERG (managing director)

2 points ▸

Board meeting, 30-05-2013
Director appointment, Philip MALMBERG (managing director)

Open the act in the Belgian Official Gazette

27-06

Gazette deed 1 director appointed, 1 director resigning, 1 reappointed

Resignation: Michael BREMANS (director) · Reappointment: Ignace Bogaert (director) · Appointment: Philip MALMBERG (director)4 points ▸

General meeting, 06-05-2013
Director resignation, Michael BREMANS (director)
Director reappointment, Ignace Bogaert (director)
Director appointment, Philip MALMBERG (director)

Open the act in the Belgian Official Gazette

2012

02-01

Gazette deed Reappointment: PricewaterhouseCoopers (statutory auditor)

2 points ▸

General meeting, 17-05-2011
Auditor reappointment, PricewaterhouseCoopers (statutory auditor)

Open the act in the Belgian Official Gazette

2011

15-03

Gazette deed Reappointment: Michaël Bremans (managing director)

Resignation: Jørgen Philip-Sørensen (director)3 points ▸

General meeting, 30-11-2010
Director reappointment, Michaël Bremans (managing director)
Director resignation, Jørgen Philip-Sørensen

Open the act in the Belgian Official Gazette

2004

31-12

Gazette deed Company renamed from ECOVER RESEARCH & CONSULTANCY to ERC

Amendment of the articles · Power of attorney5 points ▸

General meeting, 23-11-2004
Name change, ERC
Amendment of the articles
Power of attorney, Johan LAGAE
Power of attorney, Els BRULS

Open the act in the Belgian Official Gazette

2003

25-06

Gazette deed 5 directors appointed, 1 director resigning

Resignation: Philip Louis Malmberg (director) · Appointments: Ignace Bogaert, Michael Bremans and 2 others · Permanent representative: Michael Bremans24 points ▸

General meeting, 13-03-2003
Director resignation, Philip Louis Malmberg (director)
Director appointment, Ignace Bogaert (director)
Director appointment, Michael Bremans (director)
Director appointment, Jorgen Philip-Sorensen (director)
Director appointment, EcoHolding (director)
Permanent representative, Michael Bremans
Mandate compensation, Ignace Bogaert
Mandate compensation, Michael Bremans, mentioned 2 times in the deed
Mandate compensation, Jorgen Philip-Sorensen
Mandate compensation, EcoHolding
Auditor reappointment, PricewaterhouseCoopers, mentioned 3 times in the deed
The act holds 12 more points.

Open the act in the Belgian Official Gazette

1990

21-07

Gazette deed Incorporation

Show all 35 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official Gazette Filings with the National Bank

History

ERC was incorporated on 26 June 1990.¹ Since 2004 the company has been called ERC.² The board currently has 3 members. Kristi Lynn Peterson has served longest, since 2021.³ Total assets went from €1.5m in 2019 to €1.6m in 2025.⁴

Company details

Register details

Identity

KBO record

Name ERC in Dutch

Former name ECOVER RESEARCH & CONSULTANCY until 23-11-2004 · act of 31-12-2004

Enterprise number 0441.095.721

Legal form Public limited company

Status Active, normale toestand

Founded 26-06-1990

Entity type Legal entity

Registered office and establishments

Registered office Industrieweg 3, 2390 Malle, Belgium

Establishment unit ERC, Industrieweg 3, 2390 Malle since 27-07-1990 · unit number 2.049.067.68964210 Activities of holding companies

Activities

NACEBEL 2025

68121 Development of residential building projects main activity

46499 Wholesale of other household goods

70200 Business and other management consultancy

Codes under NACEBEL 2008

41101 Real estate development main activity

46499 Wholesale of other household goods

70220 Business consulting

Codes under NACEBEL 2003

70111 main activity

51478

74142

Purpose

“Het verlenen van diensten ten behoeve van gelieerde, groepsmaatschappijen of derden; het besturen van ondernemingen; het nemen en beheren…”

Text of the purpose

“Het verlenen van diensten ten behoeve van gelieerde, groepsmaatschappijen of derden; het besturen van ondernemingen; het nemen en beheren van belangen; het overnemen van vennootschappen; het verwerven, vervreemden en beheren van materiële of immateriële vaste activa; het verhandelen, uitbaten en in leasing geven van onroerende goederen; het verkopen van professionele was-, reinigingsmiddelen, toebehoren, cosmetica en aanverwante producten; het aankopen, importeren en exporteren van deze producten; het verrichten of uitbesteden van onderzoek en ontwikkeling; het voeren van alle commerciële en marketingactiviteiten.”

deed of 26-06-2020 (in Dutch)

Invoicing and payment

VAT number BE 0441.095.721

E-invoicing via Peppol

Reachable via Peppol

Peppol ID 0208:0441095721

Other Peppol ID 9925:BE0441095721

Follow this company and you will hear the next morning if it leaves the Peppol register.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0441.095.721

Financial year and general meeting

Accounts at the NBB

Financial year end 27-06

Sites & property

Location

registered office establishment The establishment unit on the map

6 companies at this address See who is registered here

Buildings and parcels at the address

Ground area

4,408 m²

Building footprint

183 m²

Building volume

39 m³

Cadastral parcel	Region	Area	Buildings	Height / floors
11032D0059/00C000	Flanders	4,408 m²	1 · 183 m²	2.2 m

Overview

Overview

Official details

Board and ownership

Financial position

Checked score

Signals

Financials

Financials · financial year 2025, abbreviated format

Historical observation

Board & ownership

Directors

Board 3

Day-to-day management 1

Statutory auditor 1

Owners and capital

Shareholders

Owners 2

Capital transactions

Mandate history

Network & group

Companies at the same address

Connections & network

Timeline

Acts, filings and financial milestones

History

Company details

Register details

Identity

Registered office and establishments

Activities

Invoicing and payment

Financial year and general meeting

Sites & property

Buildings and parcels at the address