Active BE 0778.335.918Private limited company

EREBOR

Herrmann-Debrouxlaan 40 ·1160 Oudergem, Belgium· 4 yrs active

Sector: Computer programming & consultancy (62200)

Conclusion Checked

The computed 12-month bankruptcy probability of EREBOR is 1.1% (low). The 2025 annual accounts show equity of €15k and a net result of €-11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 563 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€15k
Net result	€-11k
Better than sector	25%
Active	4 yrs

Snowflake analysis 5 axes · computed by Checked

42 / 100

Fragile profile — watch profitability in particular.

Health 17

Profitability 0

Solvency 45

Growth 52

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

1.1% Low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Higher-failure-rate region +

Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

More than 3 years active

Founded in 2021 — past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2025 · computed

17 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 05-05-2026 with the NBB · fiscal year 2025 · volledig

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 62 — Computer programming & consultancy · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	28.8%	67.2%	better than 25% of 563 sector peers
Net result	€-11k	€37k	better than 7% of 563 sector peers
Equity	€15k	€68k	better than 25% of 564 sector peers
Gross operating margin	€-4k	€58k	better than 5% of 561 sector peers
Total assets	€54k	€125k	better than 20% of 563 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-4k

— 22–25

Net profit

€-11k

— 22–25

Cash flow

€-5k

— 22–25

Total assets

€54k

-17.2% 22–25

Equity

€15k

-72.8% 22–25

Working capital

€-513

— 22–25

Employees (FTE)

0

— 22–25

Staff costs

€17

— 22–25

Income taxes

€388

-90.5% 22–25

Dividends

€30k

+3392.4% 22–25

Debt

€38k

+375.0% 22–25

Debt ≤ 1y

€38k

+375.0% 22–25

Current ratio

0.99

-81.2% 22–25

Quick ratio

0.99

-81.2% 22–25

Solvency

28.8%

-67.1% 22–25

Debt / equity

2.47

+1645.6% 22–25

ROE

-73.0%

— 22–25

ROA

-21.0%

— 22–25

Interest coverage

-54.01

— 22–25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	—
EBITDA	€-4k
Net profit	€-11k
Cash flow	€-5k
Staff costs	—
Income taxes	€388
Dividends	€30k
Total assets	€54k
Equity	€15k
Debt	€38k
of which ≤ 1y	€38k
of which > 1y	—
Working capital	€-513
Employees (FTE)	0.0

Ratios (computed)

	2025
Current ratio	0.99
Quick ratio	0.99
Working capital ratio	-1.0%
Solvency	28.8%
Debt / equity	2.47
Long-term debt ratio	—
Interest coverage	-54.01
Gross margin	—
Net margin	—
ROA	-21.0%
ROE	-73.0%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2025

Assets

Fixed assets €16k · 29.8% Current assets €38k · 70.3%

Equity & liabilities

Equity €15k · 28.8% Debt €38k · 71.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet — Assets
TOTAL ASSETS	20/58	€54k
Fixed assets	21/28	€16k
Tangible fixed assets	22/27	€11k
Financial fixed assets	28	€5k
Current assets	29/58	€38k
Amounts receivable within one year	40/41	€20k
Cash & bank	54/58	€11k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€54k
Equity	10/15	€15k
Contributions / capital	10/11	€2k
Reserves	13	€14k
Accumulated profits (losses)	14	€0
Amounts payable	17/49	€38k
Amounts payable within one year	42/48	€38k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€-4k
Operating result	9901	€-11k
Financial income	75	€0
Financial charges	65	€76
Result before taxes	9903	€-11k
Income taxes	67/77	€388
Net result for the period	9904	€-11k
Result to be appropriated	9905	€-11k

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Ratios computed by Checked.

Legal Structure

NACE primary	Computer programming & consultancy(62200)
Legal form	Private limited company(610)
Incorporation	07-12-2021
Status	Active
Postal code	1160

Connections & network 1 connected companies

Group structure

SQUAREFLOW

Subsidiary · 3 locations

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Establishment units 1 location

GALAADH

Herrmann-Debrouxlaan 40, 1160 OudergemUitgeven van overige software

since 20212.324.953.309

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21332B0424/00D008	Brussels	5,192 m²	1 · 2,419 m²	27.6 m · 7 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 4 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

05-05-2026

NBB filing Annual accounts filed

fiscal year 2025 · volledig

2025

11-06-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

2024

17-06-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

23-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank

Activities

Computerconsultancy-activiteiten62020Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Holdings64200Activiteiten van holdings64210

Primary activity highlighted.

Names & trade names

Legal nameFR

EREBOR

Registered office

Herrmann-Debrouxlaan 40

1160 Oudergem, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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