ERCAN 58

Active

Private limited companyfounded 20214 yrs activeBrederodestraat 169, 2018 Antwerpen, BelgiumKBO/BCE: BE 0778.877.237

The computed 12-month bankruptcy probability of ERCAN 58 is 2.7% (moderate). The 2025 annual accounts show negative equity (€-24k) and a net result of €-10k. Equity is shrinking by ~101.3% per year across the filed fiscal years. Its solvency ranks better than 11% of 4610 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

23 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency0=

Growth58▲+26

Track record94

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.22 against 0.25 in 2024; short-term debt: 244.9% and cash: 18.1% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

-144.9%

Return on assets

-63.4%

Age of the figures

9 mo

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

22232425

2022 to 2025 · latest year €-24k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

32 d early

2024

13 d early

2023

71 d late

2022

47 d late

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-24k▼ 77.8%

2024 · €-13k

2022: €4k 2023: €6k 2024: €-13k

2022 → 2025

Total assets

€17k▼ 16.2%

2024 · €20k

2022: €17k 2023: €25k 2024: €20k

2022 → 2025

Net result

€-10k▲ 46.6%

2024 · €-20k

2022: €-11k 2023: €2k 2024: €-20k

2022 → 2025

Working capital

€-31k▼ 25.8%

2024 · €-25k

2022: €-5k 2023: €-442 2024: €-25k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€4k-€6k▲ 44.3%€-13k€-24k▼ 77.8%

Operating result€-11k-€2k€-19k€-10k▲ 49.2%

Net result€-11k-€2k€-20k€-10k▲ 46.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €10k in 2025 against €19k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €17k

45.0%

55.0%

Fixed assets €7k▼ 35.2%

Current assets €9k▲ 10.3%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-6k▲

2024 · €-14k

Cash flow

€-6k▲

2024 · €-15k

Solvency

-144.9%▼

2024 · -68.3%

Current ratio

0.22▼

2024 · 0.25

Quick ratio

0.22▼

2024 · 0.25

Debt / equity

-1.69▲

2024 · -2.46

ROA

-63.4%▲

2024 · -99.5%

Interest coverage

-14.59▲

2024 · -41.45

Debt

€40k▲

2024 · €33k

Debt ≤ 1 year

€40k▲

2024 · €33k

Income taxes

€323▲

2024 · €72

Staff costs

€88▼

2024 · €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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€20k€17k▼

Formation expenses20€0€0=

Fixed assets21/28€11k€7k▼

Tangible fixed assets22/27€11k€7k▼

Plant, machinery and equipment23€8k€6k▼

Furniture and vehicles24€3k€2k▼

Current assets29/58€8k€9k▲

Amounts receivable within one year40/41€5k€5k▲

Trade receivables40€5k€4k▼

Other amounts receivable41€308€834▲

Cash at bank and in hand54/58€2k€3k▲

Deferred charges and accrued income490/1€1k€862▼

Equity and liabilities

Total equity and liabilities10/49€20k€17k▼

Equity10/15€-13k€-24k▼

Contributions10/11€15k€15k=

Profit (loss) carried forward14€-28k€-39k▼

Amounts payable17/49€33k€40k▲

Amounts payable within one year42/48€33k€40k▲

Trade debts44€9k€9k▼

Suppliers440/4€9k€9k▼

Taxes, remuneration and social security45€11k€9k▼

Taxes450/3€5k€4k▼

Remuneration and social security454/9€7k€5k▼

Other amounts payable47/48€13k€23k▲

Income statement Code20242025

Remuneration, social security and pensions62€4k€88▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼

Other operating charges640/8€1k€1k▼

Gross operating margin9900€-9k€-5k▲

Operating profit (loss)9901€-19k€-10k▲

Financial charges65/66B€344€392▲

Recurring financial charges65€344€392▲

Profit (loss) for the period before taxes9903€-20k€-10k▲

Income taxes67/77€72€323▲

Profit (loss) for the period9904€-20k€-10k▲

Profit (loss) for the period to be appropriated9905€-20k€-10k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-28k€-39k▼

Profit (loss) brought forward from the previous period14P€-9k€-28k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

18-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-20k ▼1139%

Net result drops to €-20k, the lowest in the series; recovery starts the following year.

10-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 71 days late

2023

31-12

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

16-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 47 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Antwerpen · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Brederodestraat 1692018 Antwerpen

Ground area

124 m²

Building footprint

124 m²

Volume, LiDAR

1,701 m³

Parcel 11811L3807/00X000, Flanders · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

Kapsalon Class

Brederodestraat 169, 2018 AntwerpenRetail sale of cosmetics and toilet articles

since 20212.326.425.333

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11811L3807/00X000	Flanders	124 m²	1 · 124 m²	16.8 m · 5 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

Of 21,750 companies in sector 96210 we hold annual accounts for 2,832. 2,079 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded21-12-2021

Fiscal year end31-12

Activities, NACEBEL

96021Hairdressing

96210Hairdressing and barber services

47750Retail sale of cosmetics and toilet articles

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.