ERDENIZ
ActiveSummary
The computed 12-month bankruptcy probability of ERDENIZ is 2.7% (moderate). The 2025 annual accounts show equity of €63k and a net result of €9k. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 4654 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+1
Solvency40=
Growth78=
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.12 in 2024; short-term debt: 44.6% and cash: 12.2% of total assets), and 84.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
15.4%
Return on assets
2.3%
Age of the figures
9 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 28-05-2026, 64 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
64 d early
2024
70 d early
2023
175 d early
2022
55 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€63k▲ 17.4%
2024 · €53k
2022: €27klowest in 4 years
2023: €46k▲ +67.9% vs 2022
2024: €53k▲ +15.9% vs 2023
2025: €63k▲ +17.4% vs 2024highest in 4 years
2022 → 2025
Total assets
€407k▲ 15.0%
2024 · €354k
2022: €176klowest in 4 years
2023: €379k▲ +116% vs 2022
2024: €354k▼ -6.7% vs 2023
2025: €407k▲ +15.0% vs 2024highest in 4 years
2022 → 2025
Net result
€9k▲ 26.9%
2024 · €7k
2022: €4klowest in 4 years
2023: €19k▲ +320% vs 2022highest in 4 years
2024: €7k▼ -60.6% vs 2023
2025: €9k▲ +26.9% vs 2024
2022 → 2025
Working capital
€67k▲ 350%
2024 · €15k
2022: €2k
2023: €-40k▼ -1772% vs 2022lowest in 4 years
2024: €15k▲ +137% vs 2023
2025: €67k▲ +350% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€27k-€46k▲ 67.9%€53k▲ 15.9%€63k▲ 17.4%
2022: €27klowest in 4 years
2023: €46k▲ +67.9% vs 2022
2024: €53k▲ +15.9% vs 2023
2025: €63k▲ +17.4% vs 2024highest in 4 years
Operating result€9k-€33k▲ 250%€29k▼ 10.5%€27k▼ 8.7%
2022: €9klowest in 4 years
2023: €33k▲ +250% vs 2022highest in 4 years
2024: €29k▼ -10.5% vs 2023
2025: €27k▼ -8.7% vs 2024
Net result€4k-€19k▲ 320%€7k▼ 60.6%€9k▲ 26.9%
2022: €4klowest in 4 years
2023: €19k▲ +320% vs 2022highest in 4 years
2024: €7k▼ -60.6% vs 2023
2025: €9k▲ +26.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €407k
Fixed assets
€158k ▼ 27.7%
Current assets
€249k ▲ 84.5%
Equity and liabilities €407k
Equity
€63k ▲ 17.4%
Debt
€344k ▲ 14.6%
Debt's share of the balance-sheet total falls from 84.9% to 84.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€88k▲
2024 · €69k
Cash flow
€71k▲
2024 · €47k
Current ratio
1.37▲
2024 · 1.12
Debt to equity
5.49▼
2024 · 5.62
ROE
14.8%▲
2024 · 13.7%
ROA
2.3%▲
2024 · 2.1%
Interest coverage
5.05▲
2024 · 4.94
Debt ≤ 1 year
€181k▲
2024 · €120k
Debt > 1 year
€163k▼
2024 · €181k
Staff costs
€238k▲
2024 · €155k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€354k€407k▲
Fixed assets21/28€219k€158k▼
Tangible fixed assets22/27€205k€144k▼
Furniture and vehicles24€1k€900▼
Leasing and similar rights25€204k€143k▼
Financial fixed assets28€14k€14k=
Current assets29/58€135k€249k▲
Amounts receivable within one year40/41€85k€199k▲
Trade receivables40€76k€196k▲
Other amounts receivable41€9k€3k▼
Cash at bank and in hand54/58€49k€50k▲
Equity and liabilities
Total equity and liabilities10/49€354k€407k▲
Equity10/15€53k€63k▲
Contributions10/11€23k€23k=
Capital10€23k€23k=
Issued capital100€23k€23k=
Profit (loss) carried forward14€30k€40k▲
Amounts payable17/49€300k€344k▲
Amounts payable after more than one year17€181k€163k▼
Financial debts170/4€181k€163k▼
Amounts payable within one year42/48€120k€181k▲
Current portion of amounts payable after more than one year42€95k€130k▲
Trade debts44€6k€43k▲
Suppliers440/4€6k€43k▲
Taxes, remuneration and social security45€19k€8k▼
Taxes450/3€19k€8k▼
Income statement
Code20242025
Remuneration, social security and pensions62€155k€238k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€61k▲
Other operating charges640/8€52k€88k▲
Non-recurring operating charges66A€13k-
Gross operating margin9900€289k€414k▲
Operating profit (loss)9901€29k€27k▼
Financial charges65/66B€14k€17k▲
Recurring financial charges65€14k€17k▲
Profit (loss) for the period before taxes9903€15k€9k▼
Income taxes67/77€8k-
Profit (loss) for the period9904€7k€9k▲
Profit (loss) for the period to be appropriated9905€7k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€40k▲
Profit (loss) brought forward from the previous period14P€23k€30k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €18k | €104k | €155k | €238k | ▲ 53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €56k | €40k | €61k | ▲ 54.9% |
| Other operating charges640/8 | €23k | €34k | €52k | €88k | ▲ 67.7% |
| Non-recurring operating charges66A | - | - | €13k | - | - |
| Gross operating margin9900 | €78k | €227k | €289k | €414k | ▲ 43.3% |
| Operating profit (loss)9901 | €9k | €33k | €29k | €27k | ▼ 8.7% |
| Financial charges65/66B | €5k | €11k | €14k | €17k | ▲ 25.1% |
| Recurring financial charges65 | €5k | €11k | €14k | €17k | ▲ 25.1% |
| Profit (loss) for the period before taxes9903 | €4k | €22k | €15k | €9k | ▼ 39.3% |
| Income taxes67/77 | - | €3k | €8k | - | - |
| Profit (loss) for the period9904 | €4k | €19k | €7k | €9k | ▲ 26.9% |
| Profit (loss) for the period to be appropriated9905 | €4k | €19k | €7k | €9k | ▲ 26.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €176k | €379k | €354k | €407k | ▲ 15.0% |
| Fixed assets21/28 | €117k | €294k | €219k | €158k | ▼ 27.7% |
| Tangible fixed assets22/27 | €108k | €280k | €205k | €144k | ▼ 29.6% |
| Furniture and vehicles24 | €862 | €431 | €1k | €900 | ▼ 25.0% |
| Leasing and similar rights25 | €107k | €279k | €204k | €143k | ▼ 29.6% |
| Financial fixed assets28 | €9k | €14k | €14k | €14k | = |
| Current assets29/58 | €59k | €85k | €135k | €249k | ▲ 84.5% |
| Amounts receivable within one year40/41 | €43k | €50k | €85k | €199k | ▲ 133% |
| Trade receivables40 | €32k | €50k | €76k | €196k | ▲ 158% |
| Other amounts receivable41 | €11k | - | €9k | €3k | ▼ 71.7% |
| Cash at bank and in hand54/58 | €16k | €35k | €49k | €50k | ▲ 0.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €176k | €379k | €354k | €407k | ▲ 15.0% |
| Equity10/15 | €27k | €46k | €53k | €63k | ▲ 17.4% |
| Contributions10/11 | €23k | €23k | €23k | €23k | = |
| Capital10 | €23k | €23k | €23k | €23k | = |
| Issued capital100 | €23k | €23k | €23k | €23k | = |
| Profit (loss) carried forward14 | €4k | €23k | €30k | €40k | ▲ 30.6% |
| Amounts payable17/49 | €148k | €333k | €300k | €344k | ▲ 14.6% |
| Amounts payable after more than one year17 | €92k | €208k | €181k | €163k | ▼ 9.8% |
| Financial debts170/4 | €92k | €208k | €181k | €163k | ▼ 9.8% |
| Amounts payable within one year42/48 | €56k | €125k | €120k | €181k | ▲ 51.4% |
| Current portion of amounts payable after more than one year42 | €47k | €101k | €95k | €130k | ▲ 37.0% |
| Trade debts44 | €8k | €14k | €6k | €43k | ▲ 643% |
| Suppliers440/4 | €8k | €14k | €6k | €43k | ▲ 643% |
| Taxes, remuneration and social security45 | €959 | €11k | €19k | €8k | ▼ 56.5% |
| Taxes450/3 | €959 | €11k | €19k | €8k | ▼ 56.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €19k | €7k | €9k | ▲ 26.9% |
| + Depreciation and write-downs630 | €27k | €56k | €40k | €61k | ▲ 54.9% |
| Operating cash flow (approximation) | €32k | €75k | €47k | €71k | ▲ 50.5% |
| Investment in fixed assets (approximation) | - | €-233k | €35k | €-633 | ▼ 102% |
| Change in cash | - | €19k | €14k | €153 | ▼ 98.9% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €19k ▲320%
Operating result €33k, net result €19k, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Vilvoorde · 1 establishment unit since 2021
Ground area
161 m²
Building footprint
65 m²
Volume, LiDAR
414 m³
Parcel 23088A0175/00H004, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Warandelaan 322, 1800 Vilvoorde
since 20212.318.354.438
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23088A0175/00H004 | Flanders | 161 m² | 1 · 64 m² | 9.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 3,520 EUR awarded · 3,520 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,465 EUR | 1,465 EUR |
| 2022 | 1 | 2,055 EUR | 2,055 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteVilvoorde2.318.354.438
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,198. 6,141 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
Founded15-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.