ERDO
ActiveSummary
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 4,722 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
- Staff
- 7.8 FTE
- Equity
- -€199,893
- Loss
- -€443,485
- Largest shareholder
- BG MANAGEMENT & CONSULT · 50%
- BRUNO GiovanniDirector
- BRUNO Nadia Loria MariaDirector
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
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
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 21-10-2026 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
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)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€443,485
- Resignation: BRUNO Nadia (director)Director discharge
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00446496.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €408,213 after €36,709 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2025 Staff (FTE) -54% on 2024. The accounts now follow the abbreviated format, last year the full format.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.4% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 13.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,621 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €1.1m | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €0.007m | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €0.6m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.1m | €0.3m | €0.2m | €0.5m | €0.6m | ▲ 13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 8.4% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.003m | €0.003m | €0.03m | ▲ 876% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.05m | - |
| Gross operating margin9900 | €0.5m | €0.5m | €0.2m | €0.3m | €0.4m | €0.4m | €0.8m | €0.5m | ▼ 41.8% |
| Operating profit (loss)9901 | €0.05m | €0.08m | €0.06m | €0.05m | €0.04m | €0.01m | €0.04m | -€0.4m | - |
| Financial income75/76B | - | - | - | €0.01m | €0.01m | €0.01m | €0.02m | €0.007m | ▼ 60.8% |
| Recurring financial income75 | €0.02m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | €0.007m | ▼ 60.8% |
| Non-recurring financial income76B | - | - | - | €250 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | €0.04m | ▲ 48.5% |
| Recurring financial charges65 | €0.04m | €0.04m | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | €0.04m | ▲ 48.5% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.05m | €0.05m | €0.05m | €0.04m | €0.001m | €0.03m | -€0.4m | - |
| Income taxes67/77 | €0 | €2 | €2 | €2 | €2 | - | €0.008m | €0.001m | ▼ 91.0% |
| Profit (loss) for the period9904 | €0.02m | €0.05m | €0.05m | €0.05m | €0.04m | €0.001m | €0.02m | -€0.4m | - |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.05m | €0.05m | €0.05m | €0.04m | €0.001m | €0.02m | -€0.4m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | €1.1m | €1.2m | €0.9m | ▼ 23.9% |
| Fixed assets21/28 | €0.6m | €0.5m | €0.4m | €0.3m | €0.3m | €1.0m | €1.0m | €0.8m | ▼ 19.1% |
| Intangible fixed assets21 | €0.02m | €0.02m | €0.01m | €0.01m | €0.006m | €0.2m | €0.3m | €0.2m | ▼ 23.3% |
| Tangible fixed assets22/27 | €0.6m | €0.5m | €0.4m | €0.3m | €0.3m | €0.7m | €0.7m | €0.5m | ▼ 17.3% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.2m | €0.2m | €0.07m | €0.09m | ▲ 29.9% |
| Furniture and vehicles24 | - | - | - | €0.007m | €0.008m | €0.4m | €0.4m | €0.3m | ▼ 26.8% |
| Leasing and similar rights25 | - | - | - | - | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €0.03m | €0.2m | €0.2m | €0.2m | ▼ 13.8% |
| Financial fixed assets28 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Current assets29/58 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 41.6% |
| Amounts receivable after more than one year29 | - | - | - | €0.03m | €0.04m | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0.03m | €0.04m | - | - | - | - |
| Stocks and contracts in progress3 | €0.04m | €0.01m | €0.002m | €0.01m | €0.03m | €0.06m | €0.1m | €0.07m | ▼ 46.0% |
| Stocks30/36 | - | - | - | €0.01m | €0.03m | €0.06m | €0.1m | €0.07m | ▼ 46.0% |
| Amounts receivable within one year40/41 | €0.06m | €0.07m | €0.09m | €0.06m | €0.07m | €0.07m | €0.1m | €0.06m | ▼ 47.1% |
| Trade receivables40 | - | - | - | €0.06m | €0.06m | €0.05m | €0.09m | €0.03m | ▼ 70.8% |
| Other amounts receivable41 | - | - | - | €0.002m | €0.007m | €0.02m | €0.02m | €0.03m | ▲ 45.6% |
| Current investments50/53 | €21 | €21 | €21 | €21 | €21 | €21 | €19 | €19 | ▼ 2.8% |
| Cash at bank and in hand54/58 | €0.01m | €0.02m | €0.03m | €0.07m | €0.1m | €0.03m | €0.004m | €0.02m | ▲ 362% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.003m | €0.003m | €0.005m | €18 | ▼ 99.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | €1.1m | €1.2m | €0.9m | ▼ 23.9% |
| Equity10/15 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | -€0.2m | - |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.03m | €0.06m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.02m | €0.006m | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | -€0.2m | - |
| Investment grants15 | - | - | - | €0.04m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 19.2% |
| Amounts payable17/49 | €0.6m | €0.5m | €0.4m | €0.3m | €0.3m | €0.9m | €1.0m | €1.1m | ▲ 15.5% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.5m | €0.4m | €0.4m | ▲ 0.1% |
| Financial debts170/4 | - | - | - | €0.007m | €0 | €0.2m | €0.2m | €0.2m | ▼ 1.5% |
| Other amounts payable178/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 1.2% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.2m | €0.1m | €0.1m | €0.4m | €0.5m | €0.7m | ▲ 26.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.007m | €0.06m | €0.07m | €0.1m | ▲ 82.9% |
| Financial debts43 | - | - | - | €0.007m | €0 | €0.01m | €0.06m | €0.06m | ▼ 8.9% |
| Credit institutions430/8 | - | - | - | €0.005m | €0 | €0.01m | €0.06m | €0.06m | ▼ 8.9% |
| Other loans439 | - | - | - | €0.001m | €0 | - | - | - | - |
| Trade debts44 | €0.07m | €0.06m | €0.03m | €0.06m | €0.08m | €0.2m | €0.08m | €0.09m | ▲ 3.2% |
| Suppliers440/4 | - | - | - | €0.06m | €0.08m | €0.2m | €0.08m | €0.09m | ▲ 3.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.03m | €0.1m | €0.3m | €0.4m | ▲ 31.3% |
| Taxes450/3 | - | - | - | €0.008m | €0.008m | €0.01m | €0.1m | €0.2m | ▲ 83.8% |
| Remuneration and social security454/9 | - | - | - | €0.009m | €0.02m | €0.09m | €0.2m | €0.2m | ▲ 1.4% |
| Other amounts payable47/48 | - | - | - | €0.007m | €0.007m | €0.05m | €0.03m | €0.02m | ▼ 20.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €0.01m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,139 | €53,767 | €53,587 | €46,319 | €41,008 | €656 | €17,981 | -€443,485 | - |
| + Depreciation and write-downs630 | €116,369 | €132,777 | €99,761 | €102,447 | €105,044 | €163,997 | €253,493 | €232,137 | ▼ 8.4% |
| Operating cash flow (approximation) | €140,508 | €186,544 | €153,348 | €148,766 | €146,052 | €164,653 | €271,474 | -€211,348 | - |
| Investment in fixed assets (approximation) | - | -€59,666 | -€10,080 | -€15,264 | -€60,750 | -€835,609 | -€270,775 | -€45,230 | ▲ 83.3% |
| Change in cash | - | €7,680 | €12,546 | €33,473 | €33,375 | -€69,368 | -€27,551 | €13,884 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-08-2026 | 2026-00446496 |
| 31-12-2024 | full format | 27-08-2025 | 2025-00463496 |
| 31-12-2023 | full format | 24-12-2024 | 2024-00625322 |
| 31-12-2022 | full format | 04-10-2023 | 2023-00474639 |
| 31-12-2021 | full format | 04-08-2022 | 2022-20281607 |
| 31-12-2020 | full format | 01-07-2021 | 2021-30300293 |
| 31-12-2019 | full format | 01-09-2020 | 2020-49800179 |
| 31-12-2018 | full format | 02-09-2019 | 2019-62500339 |
| 31-12-2017 | full format | 31-08-2018 | 2018-60800183 |
| 31-12-2016 | full format | 31-08-2017 | 2017-57100124 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BRUNO Giovanni |
|
| BRUNO Nadia Loria Maria |
|
| BRUNO Nadia |
|
Owners and capital
Owners
1 ownerOwners 1
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
31-12
Gazette deed
Resignation: BRUNO Nadia (director)Director discharge3 facts ▸
- General meeting, 08-09-2025
- Director resignation, BRUNO Nadia (director)
- Director discharge, BRUNO Nadia
10-04
Gazette deed
Resignations: BRUNO Giovanni (manager) and BRUNO Nadia Loria Maria (manager)Appointments: BRUNO Giovanni (director) and BRUNO Nadia Loria Maria (director) · Power of attorney · Registered office clause12 facts ▸
- Power of attorney, Laurent VANNESTE
- Director resignation, BRUNO Giovanni (manager)
- Director resignation, BRUNO Nadia Loria Maria (manager)
- Director appointment, BRUNO Giovanni (director (not named in the articles))
- Director appointment, BRUNO Nadia Loria Maria (director (not named in the articles))
- Other provision, “décharge gérants démissionnaires pour exécution mandat, prochaine assemblée générale annuelle décidera” (deed in French)
- Registered office clause, “1000 Bruxelles, Place du Petit Sablon 1” (deed in French)
- Other provision, “unanimité voix pour toutes décisions” (deed in French)
- Amendment of the articles (2 times)
- Capital conversion, “de plein droit, constatation” (deed in French)
- Reserve release, “supprimer, fonds disponibles pour distribution” (deed in French)
- Other provision, “compte de capitaux propres statutairement indisponible, Pas d'application” (deed in French)
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21808H0880/00D004 | Brussels | 2,153 m² | 1 · 1,978 m² | 30.9 m · 8 |
| 21808H1590/00_000 | Brussels | 101 m² | 1 · 42 m² | 18.0 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La gestion et l’exploitation de cafés,cafétarias,restaurants salon de consommation,snack-bars,fast-food snack,hôtels et motels; L'achat,la…” (deed in French)
4 activities (deed in French)
- La gestion et l’exploitation de cafés,cafétarias,restaurants salon de consommation,snack-bars,fast-food snack,hôtels et motels ;
- L'achat,la vente ou la mise en location de tous équipements et matières premières relatifs à la restauration,ainsi que la conception,la réalisation et la décoration de tous lieux exploités comme restaurants et/ou hôtels ;
- Le commerce sous toutes ses formes,l'importation,l'exportation,la représentation de toutes nourritures,bières,vins,eaux minérales et gazeuses,crèmes glacées et autres produits d'alimentation ;
- L’organisation de tous services,traiteur,de tous banquets et dîners.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ERDO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, sièges administratifs,agences,ateliers,dépôts,succursales,tant en Belgique qu'à l'étranger par simple décision…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “1, assemblée fixe nombre,durée,et pouvoirs en cas de pluralité” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, cessions effet vis-à-vis société et tiers à dater inscription registre” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement nombre actions acquises, toutes cessions entre vifs onéreux gratuit volontaires…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Personnes librement cessibles selon loi ou article 10 ou tiers moyennant agrément moitié au moins actionnaires possédant trois quart au…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of May at 11:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision assemblée générale formes modifications statuts, tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Quelque cause et moment, désigner un ou plusieurs liquidateurs, déterminer pouvoirs et émoluments” (deed in French)