ERDO
ActiveThe computed 12-month bankruptcy probability of ERDO is 1.8% (moderate). The 2024 annual accounts show negative equity (€-181k) and a net result of €-35k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 6717 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
28
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability22▲+22
Solvency2▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.22 in 2023; short-term debt: 76.5% and cash: 4.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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
Sector 49
higher
← 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 2024Solvency, return and age of the figures
Solvency
-22.9%
Return on assets
-4.4%
Age of the figures
21 mo
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-181k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-09-2025, 52 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
52 d late
2023
71 d late
2022
51 d late
2021
43 d late
2020
40 d late
2019
6 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-181k▼ 24.1%
2023 · €-146k
2018: €2k
2019: €10k
2020: €88k
2021: €87k
2022: €11k
2023: €-146k
2018 → 2024
Total assets
€792k▲ 4.9%
2023 · €755k
2018: €282k
2019: €288k
2020: €435k
2021: €304k
2022: €831k
2023: €755k
2018 → 2024
Net result
€-35k▲ 77.6%
2023 · €-157k
2018: €143k
2019: €8k
2020: €78k
2021: €-1k
2022: €-76k
2023: €-157k
2018 → 2024
Working capital
€-482k▼ 22.0%
2023 · €-395k
2018: €-198k
2019: €-183k
2020: €106k
2021: €105k
2022: €-191k
2023: €-395k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€88k-€87k▼ 1.2%€11k▼ 87.4%€-146k€-181k▼ 24.1%
Operating result€110k-€5k▼ 95.2%€-60k€-154k▼ 158%€-21k▲ 86.3%
Net result€78k-€-1k€-76k▼ 6,930%€-157k▼ 106%€-35k▲ 77.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2024 against €154k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €792k
Fixed assets
€668k▲ 4.0%
Current assets
€124k▲ 10.2%
Key figures and ratios
EBITDA
€17k▲
2023 · €-109k
Cash flow
€3k▲
2023 · €-113k
Solvency
-22.9%▼
2023 · -19.4%
Current ratio
0.20▼
2023 · 0.22
Quick ratio
0.20▼
2023 · 0.22
Debt / equity
-5.27▲
2023 · -6.02
ROA
-4.4%▲
2023 · -20.8%
Interest coverage
1.00▲
2023 · -17.93
Debt
€956k▲
2023 · €880k
Debt ≤ 1 year
€606k▲
2023 · €507k
Debt > 1 year
€350k▼
2023 · €373k
Income taxes
€1k▲
2023 · €639
Staff costs
€231▲
2023 · €5
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€755k€792k▲
Fixed assets21/28€643k€668k▲
Tangible fixed assets22/27€643k€668k▲
Land and buildings22€553k€523k▼
Plant, machinery and equipment23€82k€137k▲
Furniture and vehicles24€7k€8k▲
Current assets29/58€112k€124k▲
Amounts receivable within one year40/41€72k€89k▲
Trade receivables40€17k€19k▲
Other amounts receivable41€55k€70k▲
Cash at bank and in hand54/58€36k€34k▼
Deferred charges and accrued income490/1€4k€536▼
Equity and liabilities
Total equity and liabilities10/49€755k€792k▲
Equity10/15€-146k€-181k▼
Contributions10/11€12k€12k=
Capital10€12k€12k=
Issued capital100€19k€19k=
Uncalled capital101€6k€6k=
Reserves13€63k€52k▼
Tax-exempt reserves132€63k€52k▼
Profit (loss) carried forward14€-221k€-246k▼
Provisions and deferred taxes16€21k€17k▼
Deferred taxes168€21k€17k▼
Amounts payable17/49€880k€956k▲
Amounts payable after more than one year17€373k€350k▼
Financial debts170/4€373k€350k▼
Amounts payable within one year42/48€507k€606k▲
Current portion of amounts payable after more than one year42€20k€23k▲
Trade debts44€203k€209k▲
Suppliers440/4€203k€209k▲
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€281k€370k▲
Income statement
Code20232024
Non-recurring operating income76A-€39k
Remuneration, social security and pensions62€5€231▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€38k▼
Other operating charges640/8€5k€9k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€-104k€29k▲
Operating profit (loss)9901€-154k€-21k▲
Financial income75/76B€590€506▼
Recurring financial income75€590€506▼
Financial charges65/66B€6k€17k▲
Recurring financial charges65€6k€17k▲
Profit (loss) for the period before taxes9903€-159k€-38k▲
Transfer from deferred taxes780€3k€4k▲
Income taxes67/77€639€1k▲
Profit (loss) for the period9904€-157k€-35k▲
Transfer from tax-exempt reserves789€9k€11k▲
Profit (loss) for the period to be appropriated9905€-148k€-25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-221k€-246k▼
Profit (loss) brought forward from the previous period14P€-73k€-221k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 52 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
31-12
Financial
Weakest financial yearnet €-157k
Net result drops to €-157k, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 1.36
Current ratio from 0.34 to 1.36.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
24-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 55 days late
2016
07-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Antwerpen · 1 establishment unit since 2009
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.
Londenstraat 382000 AntwerpenGround area
98 m²
Building footprint
92 m²
Volume, LiDAR
1,110 m³
Parcel 11802B0057/00P004, Flanders · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ERDO - relocation
since 20092.181.974.418
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0057/00P004 | Flanders | 98 m² | 1 · 92 m² | 13.1 m · 4 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.
Similar companies · same sector, comparable size
S.I.M. TRANS
BE 0810.199.824
Evere · Eq €11k
CHAM
BE 0738.809.408
Antwerpen · Eq €11k
PS Lift Service
BE 0769.276.118
Gent · Eq €11k
TRANSPORT MEERSMAN LUDWIG
BE 0475.659.393
Merchtem · Eq €10k
SOLU MULTI TRANSPORT
BE 0802.883.252
Vilvoorde · Eq €12k
Of 997 companies in sector 49420 we hold annual accounts for 451. 245 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-10-2007
Fiscal year end31-12
Activities, NACEBEL
49420Removal services
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.