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ERDO

Active
Private limited companyfounded 1991active for 35 yearsKleine Zavel 1, 1000 Brussel, BelgiumKBO/BCE: BE 0444.217.636
Summary

The computed 12-month bankruptcy probability of ERDO is 13.2% (high). The 2025 annual accounts show negative equity (-€199,893) and a net result of -€443,485. Equity is growing by about 8.3% per year across the filed financial years. Its solvency ranks better than 16% of 4,606 sector peers (NACE 56, financial year 2025). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Full-service restaurants
NACE 56111
2 sites
Size
€944,872total assets 2025
Staff
7.8 FTE
Equity
-€199,893
Loss
-€443,485
Staff (FTE) -54%: other schema
Financial health
27 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
13.2%
Structure
Largest shareholder
BG MANAGEMENT & CONSULT · 50%
Accounts filed 28 days late1 of 4 deeds read
Why 27raises riskNegative equity -€199,893Loss of €443,485 (financial year 2025)Sector: Food and beverage service activities (NACE 56)Latest accounts 28 days late; 1 of the last 3 lateShow the evidence

Checked score

Score 2025
27 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 11% of its sector peers (NACE 56, micro)
Financial strength · tick = 2024
Weak
Solvency 4-41
equity -21.2% of total assets
Liquidity 13-16
short-term debt 72.7% · cash 1.9%
Profitability 0-71
return on assets -46.9%
Bankruptcy probability, 12 months
13.2% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,718 companies, NACE 56, micro)
Last 24 months 11-2024: 1.4% 12-2024: 1.9%▲ +0.5 percentage points vs 11-2024 01-2025: 1.4%▼ -0.5 percentage points vs 12-2024 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.4%● unchanged vs 03-2025 05-2025: 1.4%● unchanged vs 04-2025 06-2025: 1.3%▼ -0.1 percentage points vs 05-2025lowest value 07-2025: 1.5%▲ +0.2 percentage points vs 06-2025 08-2025: 1.9%▲ +0.4 percentage points vs 07-2025 09-2025: 2.2%▲ +0.3 percentage points vs 08-2025 10-2025: 1.5%▼ -0.7 percentage points vs 09-2025 11-2025: 1.5%● unchanged vs 10-2025 12-2025: 1.5%● unchanged vs 11-2025 01-2026: 1.5%● unchanged vs 12-2025 02-2026: 1.5%● unchanged vs 01-2026 03-2026: 1.5%● unchanged vs 02-2026 04-2026: 1.5%● unchanged vs 03-2026 05-2026: 1.5%● unchanged vs 04-2026 06-2026: 1.5%● unchanged vs 05-2026 07-2026: 1.6%▲ +0.1 percentage points vs 06-2026 08-2026: 2.4%▲ +0.8 percentage points vs 07-2026 09-2026: 13.2%▲ +10.8 percentage points vs 08-2026highest value 10-2026: 13.2%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.22, compared with 0.48 in 2024; short-term debt: 72.7% and cash: 1.9% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 19% on solvency, 12% on liquidity, 8% on profitability and 5% on growth.

The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · Negative equity -€199,893
NBB · annual accounts
raises risk · Loss of €443,485 (financial year 2025)
NBB · annual accounts
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Latest accounts 28 days late; 1 of the last 3 late
NBB · filings
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€199,893
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
28 days late
2024
27 days late
2023
146 days late
2022
65 days late
2021
4 days late
2020
30 days early
2019
32 days late
← 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 39 days after the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Weakest financial yearnet -€443,485
  3. Resignation: BRUNO Nadia (director)Director discharge

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€199,893 View
  • Caution: From profit to loss in 2025after €17,981 in 2024 -€443,485 View
  • Caution: Among the weakest 5% on net resultsector median €10,391 · 4,601 companies -€443,485 View
  • A director leftlatest change 31-12-2025 · 0 in office 1 left View

By topic

Financials

Financial year
2025
Total assets
€944,872
Loss
-€443,485
Solvency
-21.2%
Go to Financials

Timeline

Events
36
Since
1996
Next accounts
by 31-07-2027
  1. 27-08-2025Annual accounts filed
  2. 24-12-2024Annual accounts filed
  3. 04-10-2023Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Full-service restaurantsNACE 56111
Founded
21-05-1991
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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