Equity
ERCASoft paid out €22,276 in dividends. That is 223% of the 2025 profit.
ERCASoft paid out €22,276 in dividends. That is 223% of the 2025 profit.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts rose from €134,581 to €160,581.
The 2023 accounts came 25 days late. The other nine were filed on time.
Higher gross margin than 82% of companies in head offices and management consultancy. Sector median €52,699 · 41,172 companies.
In July 2024, 10,915 companies had the same profile as ERCASoft has now. Each dot stands for 28 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 10,915 companies, not a prediction for ERCASoft. 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.
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.
| Company | ||||
|---|---|---|---|---|
| ERCASoft Ecaussinnes | €298,298 | €140,871 | 32.9% | - |
| DON'T BLINK Ecaussinnes | €326,509 | €143,715 | 59.6% | - |
| BLISS AGENCY Mons | €351,030 | €145,873 | 70.1% | - |
| Santy Consulting Ellezelles | €266,915 | €128,662 | 10.0% | - |
| NMS CONSULTING Beloeil | €274,847 | €178,256 | 45.9% | - |
| ALTI MANAGEMENT EUROPE Seneffe | €373,654 | €123,971 | 78.5% | - |
| Strubbe Engineering Wingene | €301,175 | €149,467 | 30.9% | - |
These companies have the same main activity as ERCASoft: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €267,000 and €374,000, founded between 2015 and 2017.
ERCASoft files the micro format. That format states no turnover. The gross margin rose from €8,232 in 2016 to €140,871 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €240,000. Estimated: probably between €200,000 and €280,000.
Higher than 32% of 41,211 companies in 2025.
Higher than 33% of 39,782 companies in 2025.
Higher than 28% of 40,303 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
298,298 | 282,674 | 211,809 | 192,451 | 127,669 | 84,236 | 47,955 | 44,652 | 20,320 | 21,841 | |
21/28 |
100,373 | 2,694 | 32,143 | 53,571 | 1,594 | 1,963 | 1,587 | 1,670 | 637 | 1,591 | |
22/27 |
100,373 | 2,694 | 32,143 | 53,571 | 1,514 | 1,883 | 1,506 | 1,590 | 556 | 1,510 | |
24 |
100,373 | 2,694 | 32,143 | 53,571 | 1,514 | 1,883 | 1,506 | 1,590 | 556 | 1,510 | |
28 |
- | - | - | - | 80 | 80 | 80 | 80 | 80 | 80 | |
29/58 |
197,924 | 279,980 | 179,666 | 138,880 | 126,075 | 82,273 | 46,369 | 42,982 | 19,683 | 20,251 | |
40/41 |
37,659 | 39,392 | 34,229 | 37,537 | 19,602 | 27,041 | 25,208 | 12,105 | 12,644 | 11,406 | |
40 |
26,452 | 39,392 | 34,229 | 34,074 | 19,602 | 27,041 | 19,965 | 9,650 | 10,011 | 9,357 | |
41 |
11,207 | - | - | 3,463 | - | - | 5,243 | 2,455 | 2,633 | 2,049 | |
54/58 |
151,667 | 232,997 | 143,760 | 97,226 | 102,796 | 51,976 | 18,954 | 28,961 | 7,039 | 8,844 | |
490/1 |
8,599 | 7,591 | 1,677 | 4,117 | 3,677 | 3,256 | 2,206 | 1,916 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
298,298 | 282,674 | 211,809 | 192,451 | 127,669 | 84,236 | 47,955 | 44,652 | 20,320 | 21,841 | |
10/15 |
98,191 | 110,459 | 65,702 | 51,315 | 76,832 | 46,966 | 26,305 | 21,878 | 14,313 | 10,228 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
91,991 | 104,259 | 64,374 | 68,374 | 70,524 | 40,658 | 19,997 | 15,570 | 8,010 | 4,010 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | |
132 |
5,277 | 5,277 | 5,277 | 5,277 | 5,277 | 5,277 | 6,893 | 2,680 | - | - | |
133 |
86,714 | 98,982 | 59,097 | 61,237 | 63,387 | 33,521 | 11,245 | 11,030 | 6,150 | 2,150 | |
14 |
0 | 0 | -4,872 | -23,259 | 108 | 108 | 108 | 108 | 103 | 18 | |
16 |
38,955 | 37,633 | 38,673 | 35,236 | - | - | - | - | - | - | |
160/5 |
38,955 | 37,633 | 38,673 | 35,236 | - | - | - | - | - | - | |
164/5 |
38,955 | 37,633 | 38,673 | 35,236 | - | - | - | - | - | - | |
17/49 |
161,151 | 134,581 | 107,434 | 105,900 | 50,838 | 37,270 | 21,650 | 22,774 | 6,006 | 11,613 | |
42/48 |
160,581 | 134,581 | 107,434 | 91,666 | 50,598 | 37,270 | 21,650 | 22,774 | 6,006 | 11,188 | |
44 |
11,031 | 21,596 | 3,065 | 4,521 | 6,423 | 10,860 | 4,219 | 5,432 | 1,895 | 4,157 | |
440/4 |
11,031 | 21,596 | 3,065 | 4,521 | 6,423 | 10,860 | 4,219 | 5,432 | 1,895 | 4,157 | |
45 |
27,384 | 23,501 | 23,066 | 24,358 | 25,165 | 7,578 | 4,157 | 3,989 | 3,078 | 3,970 | |
450/3 |
11,331 | 8,776 | 8,573 | 11,110 | 12,282 | 3,229 | 2,148 | 2,010 | 1,006 | 770 | |
454/9 |
16,054 | 14,725 | 14,493 | 13,249 | 12,883 | 4,349 | 2,009 | 1,978 | 2,072 | 3,200 | |
47/48 |
122,166 | 89,484 | 81,303 | 62,786 | 19,010 | 18,833 | 13,273 | 13,353 | 1,033 | 3,061 | |
492/3 |
570 | - | - | 14,234 | 240 | - | - | - | - | 425 | |
| Income statement | |||||||||||
9900 |
140,871 | 187,612 | 160,258 | 95,067 | 115,178 | 52,202 | 10,460 | 14,162 | 8,471 | 8,232 | |
62 |
70,680 | 69,334 | 67,539 | 60,943 | 64,201 | 13,767 | - | - | - | - | |
630 |
16,024 | 821 | 22,738 | 15,296 | 1,194 | 1,239 | 831 | 832 | 548 | 1,140 | |
635/8 |
1,322 | -1,040 | 3,437 | 35,236 | - | - | - | - | - | - | |
640/8 |
509 | 387 | 384 | 348 | 348 | 348 | 348 | 348 | 83 | 78 | |
66A |
0 | 5,108 | - | - | - | - | - | - | - | - | |
9901 |
52,336 | 113,001 | 66,161 | -16,756 | 49,435 | 36,848 | 9,282 | 12,982 | 7,839 | 7,014 | |
75/76B |
0 | 0 | - | - | - | - | - | - | 35 | 1 | |
75 |
0 | 0 | - | - | - | - | - | - | 35 | 1 | |
65/66B |
36,535 | 45,467 | 39,231 | 1,751 | 3,620 | 3,300 | 3,770 | 2,683 | 965 | 35 | |
65 |
36,535 | 45,467 | 39,231 | 1,751 | 3,620 | 3,300 | 3,770 | 2,683 | 38 | 35 | |
66B |
- | - | - | - | - | - | - | - | 927 | - | |
9903 |
15,801 | 67,534 | 26,929 | -18,506 | 45,815 | 33,548 | 5,512 | 10,299 | 6,909 | 6,981 | |
67/77 |
5,793 | 17,682 | 8,543 | 4,860 | 12,849 | 9,834 | 1,084 | 2,734 | 2,824 | 2,953 | |
9904 |
10,008 | 49,852 | 18,387 | -23,367 | 32,966 | 23,714 | 4,428 | 7,564 | 4,085 | 4,028 | |
789 |
- | - | - | - | - | 1,616 | - | - | - | - | |
689 |
- | - | - | - | - | - | 4,213 | 2,680 | - | - | |
9905 |
10,008 | 49,852 | 18,387 | -23,367 | 32,966 | 25,330 | 215 | 4,885 | 4,085 | 4,028 | |
| Appropriation of the result | |||||||||||
9906 |
10,008 | 44,980 | -4,872 | -23,259 | 33,074 | 25,438 | 322 | 4,988 | 4,103 | 4,028 | |
14P |
0 | -4,872 | -23,259 | 108 | 108 | - | - | - | - | - | |
791/2 |
22,276 | 5,095 | 4,000 | 2,150 | - | - | - | - | - | - | |
691/2 |
10,008 | 44,980 | - | - | 29,866 | 22,276 | 215 | 4,880 | 4,000 | 4,010 | |
6920 |
- | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
10,008 | 44,980 | - | - | 29,866 | 22,276 | 215 | 4,880 | 4,000 | 2,150 | |
694/7 |
22,276 | 5,095 | 4,000 | 2,150 | 3,100 | 3,054 | - | - | - | - | |
694 |
22,276 | 5,095 | 4,000 | 2,150 | - | - | - | - | - | - | |
696 |
- | - | - | - | 3,100 | 3,054 | - | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
1 | 1 | 1 | 1 | 1 | 0.3 | - | - | - | - | |
Hours worked1013 |
1,760 | 1 | 1,728 | 1,784 | 1,864 | 464 | - | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00220335 | |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00347863 | |
| 31-12-2023 | micro format | 25-08-2024 | 2024-00366530 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00293027 | |
| 31-12-2021 | micro format | 02-07-2022 | 2022-20121468 | |
| 31-12-2020 | micro format | 21-06-2021 | 2021-21800424 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-23100063 | |
| 31-12-2018 | micro format | 30-06-2019 | 2019-25900401 | |
| 31-12-2017 | micro format | 05-07-2018 | 2018-30100187 | |
| 31-12-2016 | full format | 04-07-2017 | 2017-27000569 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 68,360 | 113,821 | 88,898 | -1,459 | 50,630 | 38,087 | 10,112 | 13,814 | 8,387 | 8,154 | ||
| 26,032 | 50,673 | 41,124 | -8,070 | 34,160 | 24,954 | 5,258 | 8,397 | 4,634 | 5,167 | ||
| 113,704 | 2,480 | 1,309 | 67,354 | 825 | 1,616 | 747 | 1,866 | 521 | 2,730 | ||
| -81,330 | 89,236 | 46,534 | -5,570 | 50,820 | 33,022 | -10,007 | 21,922 | -1,806 | - | ||
| 37,343 | 145,399 | 72,232 | 47,214 | 75,477 | 45,002 | 24,718 | 20,207 | 13,677 | 9,062 | ||
| 32.9% | 39.1% | 31.0% | 26.7% | 60.2% | 55.8% | 54.9% | 49.0% | 70.4% | 46.8% | ||
| 1.23 | 2.08 | 1.67 | 1.52 | 2.49 | 2.21 | 2.14 | 1.89 | 3.28 | 1.81 | ||
| 1.64 | 1.22 | 1.64 | 2.06 | 0.66 | 0.79 | 0.82 | 1.04 | 0.42 | 1.14 | ||
| 10.2% | 45.1% | 28.0% | -45.5% | 42.9% | 50.5% | 16.8% | 34.6% | 28.5% | 39.4% | ||
| 3.4% | 17.6% | 8.7% | -12.1% | 25.8% | 28.2% | 9.2% | 16.9% | 20.1% | 18.4% | ||
| 1.87 | 2.50 | 2.27 | -0.83 | 13.99 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 1 | 1 | - |
| full-time | - | 1 | 1 | 1 | - |
| part-time | - | 0 | - | - | - |
| in full-time equivalents | - | 1 | 1 | 1 | - |
| 1 | 1 | 1 | 1 | 1 | |
| On a permanent contract | - | 1 | 1 | 1 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €113,704 | €2,480 | €1,309 | €67,354 | €825 |
| €16,024 | €821 | €22,738 | €15,296 | €1,194 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 54% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 47.6% to 54.0%. Equity is lower and debt is higher.
ERCASoft has no parent and no holdings in its annual accounts. is the only director. ERCASoft shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue Max Elskamp 7 registered office 7190 Ecaussinnes | 03-08-2015 | 2.244.176.855 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 55008B0055/00B002 | 790 m² | 1 · 108 m² | 8.1 m · 2 |
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