ERCON
InactiveFinancials · financial year 2025, micro format
Equity
€788,084▲ 6.8%
2024 · €737,706
Total assets
€812,967▲ 6.0%
2024 · €766,957
Net result
€138,378▼ 5.3%
2024 · €146,077
Working capital
€788,084▲ 14.0%
2024 · €691,418
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 18% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€176,675
2025
Net result€138,378
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€812,967
2025
Equity€788,084
2025
Debt€24,883
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€788,084
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€113,557-€145,375▲ 28.0%€176,347▲ 21.3%€174,515▼ 1.0%€203,362▲ 16.5%€214,625▲ 5.5%€176,675▼ 17.7%
Net result€88,456-€101,981▲ 15.3%€123,434▲ 21.0%€122,000▼ 1.2%€137,158▲ 12.4%€146,077▲ 6.5%€138,378▼ 5.3%
Equity€94,656-€202,837▲ 114%€332,471▲ 63.9%€454,471▲ 36.7%€591,630▲ 30.2%€737,706▲ 24.7%€788,084▲ 6.8%
Total assets€101,687-€222,082▲ 118%€348,057▲ 56.7%€463,701▲ 33.2%€614,871▲ 32.6%€766,957▲ 24.7%€812,967▲ 6.0%
Debt€7,031-€19,245▲ 174%€15,585▼ 19.0%€9,230▼ 40.8%€23,241▲ 152%€29,251▲ 25.9%€24,883▼ 14.9%
Working capital€93,213-€201,770▲ 116%€331,781▲ 64.4%€454,157▲ 36.9%€588,587▲ 29.6%€691,418▲ 17.5%€788,084▲ 14.0%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €812,967
Equity
€788,084 ▲ 6.8%
Debt
€24,883 ▼ 14.9%
Debt's share of the balance-sheet total falls from 3.8% to 3.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
32.67▲
2024 · 24.64
Debt to equity
0.03▼
2024 · 0.04
ROE
17.6%▼
2024 · 19.8%
ROA
17.0%▼
2024 · 19.0%
Debt ≤ 1 year
€24,883▼
2024 · €29,251
Income taxes
€63,553▼
2024 · €68,537
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €439 | €376 | €376 | €376 | €844 | €7,735 | - | - |
| Other operating charges640/8 | - | - | €905 | €914 | €1,213 | €13,360 | €726 | ▼ 94.6% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €15,263 | - |
| Gross operating margin9900 | €116,136 | €146,653 | €177,629 | €175,805 | €205,420 | €235,720 | €192,664 | ▼ 18.3% |
| Operating profit (loss)9901 | €113,557 | €145,375 | €176,347 | €174,515 | €203,362 | €214,625 | €176,675 | ▼ 17.7% |
| Financial income75/76B | - | - | €149 | - | €83 | - | €25,408 | - |
| Recurring financial income75 | €6 | €0 | €149 | - | €83 | - | €25,408 | - |
| Financial charges65/66B | - | - | €57 | €124 | €255 | €11 | €153 | ▲ 1,248% |
| Recurring financial charges65 | €24 | €60 | €57 | €124 | €255 | €11 | €153 | ▲ 1,248% |
| Profit (loss) for the period before taxes9903 | €113,540 | €145,316 | €176,440 | €174,391 | €203,190 | €214,614 | €201,930 | ▼ 5.9% |
| Income taxes67/77 | €25,084 | €43,335 | €53,005 | €52,391 | €66,031 | €68,537 | €63,553 | ▼ 7.3% |
| Profit (loss) for the period9904 | €88,456 | €101,981 | €123,434 | €122,000 | €137,158 | €146,077 | €138,378 | ▼ 5.3% |
| Profit (loss) for the period to be appropriated9905 | €88,456 | €101,981 | €123,434 | €122,000 | €137,158 | €146,077 | €138,378 | ▼ 5.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €101,687 | €222,082 | €348,057 | €463,701 | €614,871 | €766,957 | €812,967 | ▲ 6.0% |
| Fixed assets21/28 | €1,443 | €1,067 | €690 | €314 | €3,042 | €46,288 | - | - |
| Tangible fixed assets22/27 | €1,443 | €1,067 | €690 | €314 | €3,042 | €46,288 | - | - |
| Plant, machinery and equipment23 | - | - | €690 | €314 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €3,042 | €46,288 | - | - |
| Current assets29/58 | €100,244 | €221,015 | €347,366 | €463,387 | €611,829 | €720,669 | €812,967 | ▲ 12.8% |
| Amounts receivable within one year40/41 | €17,169 | €26,292 | €24,132 | €30,047 | €42,943 | €41,101 | €31,247 | ▼ 24.0% |
| Trade receivables40 | - | - | €19,387 | €16,880 | €21,458 | €19,470 | €23,128 | ▲ 18.8% |
| Other amounts receivable41 | - | - | €4,745 | €13,167 | €21,485 | €21,632 | €8,119 | ▼ 62.5% |
| Current investments50/53 | - | - | - | - | - | €550,000 | - | - |
| Cash at bank and in hand54/58 | €83,075 | €194,658 | €321,532 | €433,207 | €568,885 | €129,427 | €781,720 | ▲ 504% |
| Deferred charges and accrued income490/1 | - | - | €1,702 | €134 | - | €140 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €101,687 | €222,082 | €348,057 | €463,701 | €614,871 | €766,957 | €812,967 | ▲ 6.0% |
| Equity10/15 | €94,656 | €202,837 | €332,471 | €454,471 | €591,630 | €737,706 | €788,084 | ▲ 6.8% |
| Contributions10/11 | €6,200 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €88,000 | €189,900 | €312,900 | €434,900 | €571,900 | €717,900 | €768,278 | ▲ 7.0% |
| Distributable reserves133 | - | - | €312,900 | €434,900 | €571,900 | €717,900 | €768,278 | ▲ 7.0% |
| Profit (loss) carried forward14 | €456 | €537 | €971 | €971 | €1,130 | €1,206 | €1,206 | = |
| Amounts payable17/49 | €7,031 | €19,245 | €15,585 | €9,230 | €23,241 | €29,251 | €24,883 | ▼ 14.9% |
| Amounts payable within one year42/48 | €7,031 | €19,245 | €15,585 | €9,230 | €23,241 | €29,251 | €24,883 | ▼ 14.9% |
| Trade debts44 | - | €1,076 | €2,802 | €183 | €1,172 | €1,127 | - | - |
| Suppliers440/4 | - | - | €2,802 | €183 | €1,172 | €1,127 | - | - |
| Taxes, remuneration and social security45 | - | - | €12,784 | €9,047 | €22,069 | €28,124 | €12,039 | ▼ 57.2% |
| Taxes450/3 | - | - | €12,784 | €9,047 | €22,069 | €28,124 | €12,039 | ▼ 57.2% |
| Other amounts payable47/48 | - | - | - | - | - | - | €12,844 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,456 | €101,981 | €123,434 | €122,000 | €137,158 | €146,077 | €138,378 | ▼ 5.3% |
| + Depreciation and write-downs630 | €439 | €376 | €376 | €376 | €844 | €7,735 | - | - |
| Operating cash flow (approximation) | €88,895 | €102,357 | €123,811 | €122,376 | €138,003 | €153,812 | €138,378 | ▼ 10.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€3,573 | -€50,981 | - | - |
| Change in cash | - | €111,583 | €126,874 | €111,675 | €135,678 | -€439,458 | €652,292 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00271760 |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00169889 |
| 31-12-2023 | micro format | 26-06-2024 | 2024-00167694 |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00162424 |
| 31-12-2021 | micro format | 12-07-2022 | 2022-20196417 |
| 31-12-2020 | micro format | 21-06-2021 | 2021-22900409 |
| 31-12-2019 | micro format | 08-07-2020 | 2020-28800423 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.