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ERCOVE

Active Private limited companyfounded 2014active for 12 yearsHof Leeuwergem 41, 9300 AalstKBO/BCE: BE 0544.366.374
ERCOVE
Financial year 2025
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Annual accounts 2025

micro format, filed on 24-02-2026, 65 days before the deadline
€142,511
▲ 36.0%
€123,701
▲ 43.2%
€89,196
▲ 35.0%
-€225,843
▼ €26,307
12.2%
▼ 2.1 percentage points
0.42
▲ 0.10

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 €290,000.

Balance sheet

balance sheet total €620,282 on 30-09-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

12.2%

Higher than 18% of 39,360 companies in 2025.

0.42

Higher than 10% of 38,044 companies in 2025.

14.4%

Higher than 50% of 38,516 companies in 2025.

ERCOVE Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162014
Balance sheet: assets
20/58 620,282569,736614,333582,167552,071568,387550,184383,913401,036432,23062,760
21/28 458,804475,068491,333507,597523,862537,252513,660336,763332,159271,847-
22/27 458,804475,068491,333507,597523,862537,252513,660336,763332,159271,847-
22 458,409474,177489,946505,715521,484537,252513,660336,763332,159271,847-
24 3958911,3871,8822,378------
29/58 161,47894,668123,00074,57028,20931,13436,52447,15068,877160,38362,760
40/41 123,17619,9531,0351,34317717,59318,86115,52315,30915,446
40 --16,9401,0351,158-17,46118,78115,51815,30215,446
41 123,1763,013-18617713380570
50/53 125,00070,107-----21,00046,000140,000-
54/58 33,30217,872100,44071,88325,21824,90614,0807,2895,1323,29547,314
490/1 3,1653,5122,6071,6511,6486,0514,851-2,2221,779-
Balance sheet: equity and liabilities
10/49 620,282569,736614,333582,167552,071568,387550,184383,913401,036432,23062,760
10/15 75,77681,580245,520169,874102,06777,68357,17882,60683,50594,50733,310
10/11 68,60068,60068,60056,20056,20056,20056,20056,20056,20056,2006,200
100 ------68,60068,60068,60068,60018,600
101 ------12,40012,40012,40012,40012,400
13 6,8606,8606,8606,8606,8606,8606,8606,8606,8606,8601,860
130/1 ---6,8606,8606,860-----
130 ------6,8606,8606,8606,8601,860
1311 ---6,8606,8606,860-----
133 6,8606,8606,860--------
14 3166,120170,060106,81439,00714,623-5,88219,54620,44531,44725,250
17/49 544,507488,157368,813412,293450,004490,704493,006301,308317,531337,72329,450
17 156,277193,952231,063267,618303,625339,094374,032195,597210,257224,667-
170/4 156,277193,952231,063267,618303,625339,094374,032195,597210,257224,667-
42/48 387,322294,205136,899143,875120,480150,715118,520105,276106,820112,63829,450
42 37,67537,11136,55536,00835,46934,93829,56514,66014,41014,164-
43 32422320------
430/8 32422320------
44 6242,07218,8261,2209765475405252,2351,794500
440/4 6242,07218,8261,2209765475405252,2351,794500
45 29,39916,04216,84528,2235,99321,07313,02814,94611,43718,41024,887
450/3 29,39916,04216,84528,2235,99321,07310,02811,9468,43715,41021,687
454/9 ------3,0003,0003,0003,0003,200
47/48 319,593238,97664,65178,42178,02494,15775,38875,14478,73978,2714,063
492/3 908-85280125,898895454435454418-
Income statement
76A --3,707--------
9900 142,511104,766110,840115,33756,94963,21445,02024,42924,02797,16046,963
630 16,26416,26416,26416,26415,86923,71556,04912,10823,25055,2351,285
631/4 ------3,283--11,398-
640/8 2,5462,0953,1382,1862,1972,4731,9038821,9522,7831,980
9901 123,70186,40691,43896,88738,88237,025-16,21511,439-1,17427,74343,698
75/76B 1,1621,46910-3608532059-
75 1,1621,46910-3608532059-
65/66B 3,9044,55110,1298,3515,7217,8148,5748,3719,2918,9642,178
65 3,9044,55110,1298,3515,7217,8148,5748,3719,2918,9642,178
9903 120,95883,32581,30988,53533,16129,247-24,7883,154-10,14518,83941,519
67/77 31,76217,26517,00119,6667,7147,6806404,0538567,64214,409
9904 89,19666,06064,30968,86925,44721,567-25,428-899-11,00211,19627,110
9905 89,19666,06064,30968,86925,44721,567-25,428-899-11,00211,19627,110
Appropriation of the result
9906 95,316236,120171,123107,87740,07015,685-5,88219,54620,44536,44727,110
14P 6,120170,060106,81439,00714,623------
691/2 ---------5,0001,860
6920 ---------5,0001,860
694/7 95,000230,0001,0631,0631,0631,063-----
694 95,000230,0001,0631,0631,0631,063-----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 24-02-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 24-02-2026 2026-00042532 PDF
30-09-2024 micro format 28-04-2025 2025-00077044 PDF
30-09-2023 micro format 11-04-2024 2024-00061265 PDF
30-09-2022 micro format 19-04-2023 2023-00061287 PDF
30-09-2021 micro format 03-05-2022 2022-20017796 PDF
30-09-2020 micro format 04-05-2021 2021-13100373 PDF
30-09-2019 micro format 02-04-2020 2020-08400003 PDF
30-09-2018 micro format 02-05-2019 2019-11900413 PDF
30-09-2017 micro format 03-04-2018 2018-08700302 PDF
30-09-2016 abbreviated format 02-05-2017 2017-10900420 PDF
31-12-2014 abbreviated format 18-08-2015 2015-43500551 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162014
139,965102,671107,702113,15154,75260,74039,83423,54822,07682,97844,983
105,46082,32480,57385,13441,31745,28330,62111,20912,24866,43128,395
00002,47947,308236,22916,71283,562338,4801,285
15,429-82,56828,55746,66531210,8266,7912,1581,837--
-225,843-199,537-13,899-69,305-92,271-119,581-81,996-58,126-37,94347,74433,310
12.2%14.3%40.0%29.2%18.5%13.7%10.4%21.5%20.8%21.9%53.1%
0.420.320.900.520.230.210.310.450.641.422.13
7.195.981.502.434.416.328.623.653.803.570.88
117.7%81.0%26.2%40.5%24.9%27.8%-44.5%-1.1%-13.2%11.8%81.4%
14.4%11.6%10.5%11.8%4.6%3.8%-4.6%-0.2%-2.7%2.6%43.2%
35.8522.5610.6313.559.57------

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.

Investments

fixed assets acquired
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Tangible fixed assets----€2,479
Intangible fixed assets€0----
€16,264€16,264€16,264€16,264€15,869

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on ERCOVE

The operating result for 2025 is 43% higher than in 2024 and the highest since 2014. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total rises from 85.7% to 87.8%. Equity is lower and debt is higher.

Next steps

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