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ERDO

Active Risk: moderate
Private limited companyfounded 20233 yrs activeMarcel Windelsstraat 17, 8790 Waregem, BelgiumKBO/BCE: BE 0800.212.584
Summary

The computed 12-month bankruptcy probability of ERDO is 3.7% (moderate). The 2023 annual accounts show equity of €37,750 and a net result of €36,750. Its solvency ranks better than 48% of 33680 sector peers (fiscal year 2023). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Axes, FY 2023
Profitability100
Solvency69
Growth-
Track record79
Bankruptcy probability, 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023
Solvency, return and age of the figures
Solvency
43.6%
Return on assets
42.5%
Age of the figures
33 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2023
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2023 accounts 61 days after the deadline; the sector median for financial year 2023 is 1 day before the deadline, and 44% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 31 March 2023, ERDO was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023

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Financials · fiscal year 2023, micro schema

Equity
€37,750
Total assets
€86,516
Net result
€36,750
Working capital
€21,424

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €86,516
Fixed assets €16,326
Current assets €70,190
Equity and liabilities €86,516
Equity €37,750
Debt €48,766
Debt finances 56.4% of the balance-sheet total.
Key figures and ratios
2023 value
EBITDA
€54,394
Cash flow
€45,066
Current ratio
1.44
Debt to equity
1.29
ROE
97.4%
ROA
42.5%
Interest coverage
18131.24
Debt ≤ 1 year
€48,766
Income taxes
€9,324
Annual accounts
Filed annual accounts As filed with the NBB · 2023 · 33 lines
Balance sheet Code2023
Assets
Total assets20/58€86,516
Fixed assets21/28€16,326
Intangible fixed assets21€1,038
Tangible fixed assets22/27€15,288
Plant, machinery and equipment23€3,681
Furniture and vehicles24€11,607
Current assets29/58€70,190
Amounts receivable within one year40/41€26,567
Trade receivables40€14,927
Other amounts receivable41€11,640
Cash at bank and in hand54/58€41,623
Deferred charges and accrued income490/1€2,000
Equity and liabilities
Total equity and liabilities10/49€86,516
Equity10/15€37,750
Contributions10/11€1,000
Profit (loss) carried forward14€36,750
Amounts payable17/49€48,766
Amounts payable within one year42/48€48,766
Trade debts44€39,386
Suppliers440/4€39,386
Taxes, remuneration and social security45€9,380
Taxes450/3€9,380
Income statement Code2023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,316
Other operating charges640/8€27,760
Gross operating margin9900€82,154
Operating profit (loss)9901€46,078
Financial charges65/66B€3
Recurring financial charges65€3
Profit (loss) for the period before taxes9903€46,075
Income taxes67/77€9,324
Profit (loss) for the period9904€36,750
Profit (loss) for the period to be appropriated9905€36,750
Appropriation of the result
Profit (loss) to be appropriated9906€36,750

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,316
Other operating charges640/8€27,760
Gross operating margin9900€82,154
Operating profit (loss)9901€46,078
Financial charges65/66B€3
Recurring financial charges65€3
Profit (loss) for the period before taxes9903€46,075
Income taxes67/77€9,324
Profit (loss) for the period9904€36,750
Profit (loss) for the period to be appropriated9905€36,750
Line2023
Assets
Total assets20/58€86,516
Fixed assets21/28€16,326
Intangible fixed assets21€1,038
Tangible fixed assets22/27€15,288
Plant, machinery and equipment23€3,681
Furniture and vehicles24€11,607
Current assets29/58€70,190
Amounts receivable within one year40/41€26,567
Trade receivables40€14,927
Other amounts receivable41€11,640
Cash at bank and in hand54/58€41,623
Deferred charges and accrued income490/1€2,000
Equity and liabilities
Total equity and liabilities10/49€86,516
Equity10/15€37,750
Contributions10/11€1,000
Profit (loss) carried forward14€36,750
Amounts payable17/49€48,766
Amounts payable within one year42/48€48,766
Trade debts44€39,386
Suppliers440/4€39,386
Taxes, remuneration and social security45€9,380
Taxes450/3€9,380
Line2023
Profit (loss) for the period9904€36,750
+ Depreciation and write-downs630€8,316
Operating cash flow (approximation)€45,066

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
NBB filing
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, Waregem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,850 m²
Building footprint
470 m²
Volume, LiDAR
1,386 m³
Parcel 34040C0274/00B002, Flanders · tallest building 9.6 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
ERDO
Marcel Windelsstraat 17, 8790 WaregemConstruction of residential and non-residential buildings
since 20232.343.557.513
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34040C0274/00B002 Flanders 1,850 m² 1 · 470 m² 9.6 m
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.

Similar companies · same sector, comparable size

Of 11,141 companies in sector 43910 we hold annual accounts for 5,493. 4,539 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
Founded31-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43221Plumbing work
43990Other specialised construction activities
46831Wholesale of construction materials, general range
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.