ERCIYES
ActiveSummary
ERCIYES has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €183,291 and a net result of -€36,122. Equity is growing by ~17.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability4▼-7
Solvency95▼-2
Growth54▼-4
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.97 against 3.76 in 2023; short-term debt: 29.4% and cash: 16.7% of total assets), and 30.1% of the assets are financed with debt.
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Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
69.9%
Return on assets
-13.8%
Age of the figures
21 mo
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
47 d early
2023
30 d early
2022
39 d early
2021
39 d early
2020
63 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 22 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
€815,873▼ 9.1%
2023 · €897,179
EBIT margin
-4.2%▼ 1.8pp
2023 · -2.3%
Net result
-€36,122▼ 52.1%
2023 · -€23,749
Working capital
€152,113▼ 27.4%
2023 · €209,388
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€857,156▲ 33.0%€906,849▲ 5.8%€1.1m▲ 17.7%€897,179▼ 16.0%€815,873▼ 9.1%
Operating result€91,912▲ 133%€37,104▼ 59.6%€45,095▲ 21.5%-€20,802-€33,900▼ 63.0%
Net result€71,657above the sector's middle half▲ 108%€33,934within the sector's middle half▼ 52.6%€32,054within the sector's middle half▼ 5.5%-€23,749below the sector's middle half-€36,122below the sector's middle half▼ 52.1%
EBIT margin10.7%▲ 4.6pp4.1%▼ 6.6pp4.2%▲ 0.1pp-2.3%▼ 6.5pp-4.2%▼ 1.8pp
Equity€177,174above the sector's middle half▲ 67.9%€211,108within the sector's middle half▲ 19.2%€243,162within the sector's middle half▲ 15.2%€219,413within the sector's middle half▼ 9.8%€183,291within the sector's middle half▼ 16.5%
Total assets€403,527above the sector's middle half▲ 76.5%€437,808within the sector's middle half▲ 8.5%€340,670below the sector's middle half▼ 22.2%€303,092below the sector's middle half▼ 11.0%€262,327below the sector's middle half▼ 13.4%
Debt€226,354▲ 83.8%€226,700▲ 0.2%€97,508▼ 57.0%€83,679▼ 14.2%€79,036▼ 5.5%
Working capital€187,491above the sector's middle half▲ 62.8%€205,988within the sector's middle half▲ 9.9%€234,084within the sector's middle half▲ 13.6%€209,388within the sector's middle half▼ 10.6%€152,113within the sector's middle half▼ 27.4%
Solvency43.9%within the sector's middle half▼ 2.2pp48.2%within the sector's middle half▲ 4.3pp71.4%above the sector's middle half▲ 23.2pp72.4%above the sector's middle half▲ 1.0pp69.9%above the sector's middle half▼ 2.5pp
Current ratio1.89within the sector's middle half▼ 0.242.00within the sector's middle half▲ 0.113.65above the sector's middle half▲ 1.653.76above the sector's middle half▲ 0.112.97above the sector's middle half▼ 0.79
Return on assets (ROA)17.8%above the sector's middle half▲ 2.7pp7.8%within the sector's middle half▼ 10.0pp9.4%within the sector's middle half▲ 1.7pp-7.8%below the sector's middle half▼ 17.2pp-13.8%below the sector's middle half▼ 5.9pp
Staff (FTE)2within the sector's middle half=2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=4within the sector's middle half▲ 100%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33,900 in 2024 against €20,802 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €262,327
Fixed assets
€32,986 ▲ 85.0%
Current assets
€229,341 ▼ 19.6%
Equity and liabilities €262,327
Equity
€183,291 ▼ 16.5%
Debt
€79,036 ▼ 5.5%
Debt's share of the balance-sheet total rises from 27.6% to 30.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€24,639▼
2023 · -€12,676
Cash flow
-€26,861▼
2023 · -€15,623
Quick ratio
2.16▼
2023 · 2.55
Debt to equity
0.43▲
2023 · 0.38
ROE
-19.7%▼
2023 · -10.8%
Interest coverage
-11.09▼
2023 · -5.09
Debt ≤ 1 year
€77,228▲
2023 · €75,871
Staff costs
€73,301▲
2023 · €69,328
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,834 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €857,156 | €906,849 | €1.1m | €897,179 | €815,873 | ▼ 9.1% |
| Goods, raw materials, services and sundry goods60/61 | - | €803,983 | €958,583 | €831,515 | €735,921 | ▼ 11.5% |
| Remuneration, social security and pensions62 | - | €47,854 | €55,989 | €69,328 | €73,301 | ▲ 5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,685 | €6,879 | €7,822 | €8,126 | €9,261 | ▲ 14.0% |
| Other operating charges640/8 | - | €640 | - | €558 | €538 | ▼ 3.6% |
| Non-recurring operating charges66A | - | €10,388 | - | €8,454 | €30,752 | ▲ 264% |
| Gross operating margin9900 | €148,482 | €102,866 | €108,906 | €65,664 | €79,952 | ▲ 21.8% |
| Operating profit (loss)9901 | €91,912 | €37,104 | €45,095 | -€20,802 | -€33,900 | ▼ 63.0% |
| Financial income75/76B | - | €4,132 | €250 | €158 | - | - |
| Recurring financial income75 | - | €4,132 | €250 | €158 | - | - |
| Non-recurring financial income76B | - | €4,132 | - | - | - | - |
| Financial charges65/66B | - | €1,899 | €2,992 | €2,490 | €2,222 | ▼ 10.8% |
| Recurring financial charges65 | €1,774 | €1,899 | €2,992 | €2,490 | €2,222 | ▼ 10.8% |
| Non-recurring financial charges66B | - | €1,899 | €2,992 | - | - | - |
| Profit (loss) for the period before taxes9903 | €90,145 | €39,338 | €42,353 | -€23,134 | -€36,122 | ▼ 56.1% |
| Income taxes67/77 | €18,488 | €5,404 | €10,299 | €615 | - | - |
| Profit (loss) for the period9904 | €71,657 | €33,934 | €32,054 | -€23,749 | -€36,122 | ▼ 52.1% |
| Profit (loss) for the period to be appropriated9905 | €71,657 | €33,934 | €32,054 | -€23,749 | -€36,122 | ▼ 52.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €403,527 | €437,808 | €340,670 | €303,092 | €262,327 | ▼ 13.4% |
| Fixed assets21/28 | €4,886 | €26,194 | €18,373 | €17,833 | €32,986 | ▲ 85.0% |
| Tangible fixed assets22/27 | €4,626 | €25,934 | €18,113 | €17,573 | €32,726 | ▲ 86.2% |
| Plant, machinery and equipment23 | - | €1,001 | €500 | €5,846 | €28,513 | ▲ 388% |
| Furniture and vehicles24 | - | €24,934 | €17,613 | €11,727 | €4,213 | ▼ 64.1% |
| Financial fixed assets28 | €260 | €260 | €260 | €260 | €260 | = |
| Current assets29/58 | €398,642 | €411,613 | €322,297 | €285,259 | €229,341 | ▼ 19.6% |
| Stocks and contracts in progress3 | €156,455 | €150,378 | €73,477 | €92,157 | €62,364 | ▼ 32.3% |
| Stocks30/36 | - | €150,378 | €73,477 | €92,157 | €62,364 | ▼ 32.3% |
| Amounts receivable within one year40/41 | €94,806 | €133,828 | €99,060 | €115,424 | €123,133 | ▲ 6.7% |
| Trade receivables40 | - | €132,042 | €98,158 | €114,583 | €123,133 | ▲ 7.5% |
| Other amounts receivable41 | - | €1,786 | €902 | €841 | - | - |
| Cash at bank and in hand54/58 | €104,937 | €127,213 | €149,760 | €75,827 | €43,844 | ▼ 42.2% |
| Deferred charges and accrued income490/1 | - | €194 | - | €1,851 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €403,527 | €437,808 | €340,670 | €303,092 | €262,327 | ▼ 13.4% |
| Equity10/15 | €177,174 | €211,108 | €243,162 | €219,413 | €183,291 | ▼ 16.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €21,191 | €21,191 | = |
| Reserves13 | - | €2,591 | €2,591 | - | - | - |
| Non-distributable reserves130/1 | - | €2,591 | €2,591 | - | - | - |
| Reserves not available under the articles1311 | - | €2,591 | €2,591 | - | - | - |
| Profit (loss) carried forward14 | €155,983 | €189,917 | €221,971 | €198,222 | €162,100 | ▼ 18.2% |
| Amounts payable17/49 | €226,354 | €226,700 | €97,508 | €83,679 | €79,036 | ▼ 5.5% |
| Amounts payable after more than one year17 | - | €11,872 | €3,513 | - | - | - |
| Financial debts170/4 | - | €11,872 | €3,513 | - | - | - |
| Amounts payable within one year42/48 | €211,151 | €205,626 | €88,213 | €75,871 | €77,228 | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | - | €8,258 | €8,359 | €3,513 | - | - |
| Trade debts44 | €161,812 | €150,847 | €36,508 | €36,222 | €38,976 | ▲ 7.6% |
| Suppliers440/4 | - | €150,847 | €36,508 | €36,222 | €38,976 | ▲ 7.6% |
| Taxes, remuneration and social security45 | - | €46,521 | €43,346 | €36,136 | €38,252 | ▲ 5.9% |
| Taxes450/3 | - | €34,596 | €28,546 | €20,541 | €19,095 | ▼ 7.0% |
| Remuneration and social security454/9 | - | €11,924 | €14,800 | €15,595 | €19,157 | ▲ 22.8% |
| Accrued charges and deferred income492/3 | - | €9,202 | €5,782 | €7,808 | €1,808 | ▼ 76.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71,657 | €33,934 | €32,054 | -€23,749 | -€36,122 | ▼ 52.1% |
| + Depreciation and write-downs630 | €6,685 | €6,879 | €7,822 | €8,126 | €9,261 | ▲ 14.0% |
| Operating cash flow (approximation) | €78,342 | €40,813 | €39,876 | -€15,623 | -€26,861 | ▼ 71.9% |
| Investment in fixed assets (approximation) | - | -€28,188 | -€1 | -€7,586 | -€24,414 | ▼ 222% |
| Change in cash | - | €22,276 | €22,547 | -€73,933 | -€31,983 | ▲ 56.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€36,122
Net result drops to -€36,122, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200,000Eq €211,108 ▲19.2%
4 profitable years in a row build equity to €211,108.
29-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €71,657 ▲108%
Operating result €91,912, net result €71,657, both a record.
31-12
Financial
Equity above €150,000Eq €177,174 ▲67.9%
3 profitable years in a row build equity to €177,174.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €105,517 ▲48.4%
2 profitable years in a row build equity to €105,517.
Show earlier events
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2002
Ground area
150 m²
Building footprint
56 m²
Volume, LiDAR
518 m³
Parcel 62042B0355/00G029, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
ERCIYES - HOME SANIT
since 20022.067.058.023
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62042B0355/00G029 | Wallonia | 150 m² | 1 · 56 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 4,308 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-05-1994
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47559Retail sale of other household articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452531625
Also
9925:BE0452531625
Registered
21-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.