ERDECEE
ActiveERDECEE has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140k and a net result of €259k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 39% of 796 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency19▼-12
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.84 in 2024), and 80.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.5%
Return on assets
36.1%
Age of the figures
8 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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
2 d early
2023
9 d early
2022
on the day
2021
31 d late
2020
33 d late
2019
92 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€259k▼ 5.9%
2024 · €275k
2018: €-20k
2019: €133k
2020: €260k
2021: €449k
2022: €226k
2023: €270k
2024: €275k
2018 → 2025
Working capital
€-137k▼ 45.5%
2024 · €-94k
2018: €-111k
2019: €38k
2020: €399k
2021: €-74k
2022: €-149k
2023: €-90k
2024: €-94k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€155k-€156k▲ 0.9%€231k▲ 48.3%€206k▼ 10.8%€140k▼ 32.1%
Operating result€582k-€277k▼ 52.4%€313k▲ 13.1%€382k▲ 21.9%€362k▼ 5.2%
Net result€449k-€226k▼ 49.6%€270k▲ 19.4%€275k▲ 1.7%€259k▼ 5.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €717k
Fixed assets
€283k▼ 24.7%
Current assets
€434k▼ 9.9%
Equity and liabilities €717k
Equity
€140k▼ 32.1%
Debt
€577k▼ 11.4%
The debt ratio rises from 75.9% to 80.5%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€495k▼
2024 · €513k
Cash flow
€392k▼
2024 · €406k
Solvency
19.5%▼
2024 · 24.1%
Current ratio
0.76▼
2024 · 0.84
Quick ratio
0.73▼
2024 · 0.80
Debt / equity
4.12▲
2024 · 3.16
ROE
184.8%▲
2024 · 133.3%
ROA
36.1%▲
2024 · 32.1%
Interest coverage
51.24▼
2024 · 56.66
Debt
€577k▼
2024 · €651k
Debt ≤ 1 year
€571k▼
2024 · €576k
Debt > 1 year
€6k▼
2024 · €73k
Income taxes
€95k▼
2024 · €98k
Staff costs
€1.31M▲
2024 · €1.28M
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€857k€717k▼
Fixed assets21/28€376k€283k▼
Tangible fixed assets22/27€375k€282k▼
Plant, machinery and equipment23€134k€112k▼
Furniture and vehicles24€2k€606▼
Other tangible fixed assets26€239k€170k▼
Financial fixed assets28€695€695=
Current assets29/58€482k€434k▼
Stocks and contracts in progress3€20k€19k▼
Stocks30/36€20k€19k▼
Amounts receivable within one year40/41€24k€106k▲
Trade receivables40€24k€33k▲
Other amounts receivable41€23€74k▲
Cash at bank and in hand54/58€417k€292k▼
Deferred charges and accrued income490/1€21k€17k▼
Equity and liabilities
Total equity and liabilities10/49€857k€717k▼
Equity10/15€206k€140k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€118k€43k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€109k€34k▼
Profit (loss) carried forward14€26k€35k▲
Amounts payable17/49€651k€577k▼
Amounts payable after more than one year17€73k€6k▼
Financial debts170/4€73k€6k▼
Amounts payable within one year42/48€576k€571k▼
Current portion of amounts payable after more than one year42€102k€68k▼
Financial debts43-€12k
Credit institutions430/8-€12k
Trade debts44€306k€343k▲
Suppliers440/4€306k€343k▲
Taxes, remuneration and social security45€169k€147k▼
Taxes450/3€19k€11k▼
Remuneration and social security454/9€149k€136k▼
Other amounts payable47/48€0€2k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.28M€1.31M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€133k▲
Other operating charges640/8€5k€5k▼
Gross operating margin9900€1.80M€1.81M▲
Operating profit (loss)9901€382k€362k▼
Financial income75/76B€512€1k▲
Recurring financial income75€512€1k▲
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€373k€353k▼
Income taxes67/77€98k€95k▼
Profit (loss) for the period9904€275k€259k▼
Profit (loss) for the period to be appropriated9905€275k€259k▼
Appropriation of the result
Profit (loss) to be appropriated9906€276k€285k▲
Profit (loss) brought forward from the previous period14P€929€26k▲
Transfer from equity791/2€50k€75k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€300k€325k▲
Return on contributions (dividend)694€300k€325k▲
Directors or managers695€0-
Social balance
Average headcount (FTE)908728.226.6▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €231k ▲48.3%
5 profitable years in a row build equity to €231k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €449k ▲72.7%
Operating result €582k, net result €449k, both a record.
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 33 days late
2020
31-12
Financial
Equity above €500kEq €517k ▲145%
2 profitable years in a row build equity to €517k.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
31-12
Financial
Back to profitnet €133k
Net result €133k after one loss-making year.
31-12
Financial
Equity above €200kEq €211k ▲210%
Equity rises from €68k to €211k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are 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, Maldegem · 1 establishment unit since 1996
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.
Koning Leopoldlaan 29990 MaldegemGround area
8,983 m²
Building footprint
2,667 m²
Volume, LiDAR
15,722 m³
Parcel 43010C0094/00X000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ERDECEE NV
since 19962.075.755.953
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010C0094/00X000 | Flanders | 8,983 m² | 1 · 2,666 m² | 7.5 m · 2 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.
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BRASSERIE TERMINUS
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,308. 9,054 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-03-1996
Fiscal year end31-12
Activities, NACEBEL
55301
55302
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.