ERCAL

The computed 12-month bankruptcy probability of ERCAL is 2.0% (moderate). The annual accounts of ERCAL for financial year 2025 show a net loss of 80% of the equity at the start of that year. The 2025 annual accounts show equity of €1,895 and a net result of -€7,463. Equity is shrinking by about 41% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 14% of 34,143 sector peers (NACE 43, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.