ERELEN
ActiveSummary
ERELEN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.3m and a net result of €22,414. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 95% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500,000 at 30 days acceptable
Liquidity ample (current ratio 61.2 against 73.92 in 2024; short-term debt: 0.1% and cash: 4.3% of total assets), and 0.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.9%
Return on assets
0.4%
Age of the figures
15 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-12-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
52 d early
2023
48 d early
2022
42 d early
2021
55 d early
2020
47 d early
2019
45 d early
← 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 49 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#3 company by equity in Nivelles, Real estate sector#5 company by total assets in Nivelles, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22,414▼ 6.5%
2024 · €23,973
Working capital
€300,426▲ 9.1%
2024 · €275,393
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€34,718▼ 36.0%€10,134▼ 70.8%€8,955▼ 11.6%€15,015▲ 67.7%€29,087▲ 93.7%
Net result€2.5m▼ 4.6%€2.0m▼ 20.3%€3.6m▲ 80.0%€23,973▼ 99.3%€22,414▼ 6.5%
Equity€6.2m▲ 0.3%€6.7m▲ 8.1%€10.3m▲ 54.0%€6.3m▼ 38.7%€6.3m▲ 0.4%
Total assets€8.7m▼ 1.3%€8.2m▼ 5.9%€10.3m▲ 25.6%€6.3m▼ 38.8%€6.3m▲ 0.4%
Debt€2.5m▼ 5.0%€1.5m▼ 40.0%€13,608▼ 99.1%€3,776▼ 72.2%€4,991▲ 32.2%
Working capital€123,932▲ 20.6%€633,561▲ 411%€4.2m▲ 570%€275,393▼ 93.5%€300,426▲ 9.1%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 94% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.3m
Fixed assets
€6.0m =
Current assets
€305,417 ▲ 9.4%
Equity and liabilities €6.3m
Equity
€6.3m ▲ 0.4%
Debt
€4,991 ▲ 32.2%
Debt's share of the balance-sheet total stays at 0.1%.
Key figures and ratios
EBITDA
€31,706▲
2024 · €17,500
Cash flow
€25,033▼
2024 · €26,458
Current ratio
61.20▼
2024 · 73.92
Debt to equity
0.00▲
2024 · 0.00
ROE
0.4%▼
2024 · 0.4%
ROA
0.4%▼
2024 · 0.4%
Interest coverage
98.32▲
2024 · 58.66
Debt ≤ 1 year
€4,991▲
2024 · €3,776
Income taxes
€6,356▲
2024 · -€9,253
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,795 | €2,138 | €1,901 | €2,485 | €2,620 | ▲ 5.4% |
| Other operating charges640/8 | - | €2,696 | €2,730 | €3,003 | €3,475 | ▲ 15.7% |
| Operating charges capitalised as restructuring costs649 | - | - | - | €0 | €0 | - |
| Gross operating margin9900 | €40,043 | €14,968 | €13,586 | €20,504 | €35,181 | ▲ 71.6% |
| Operating profit (loss)9901 | €34,718 | €10,134 | €8,955 | €15,015 | €29,087 | ▲ 93.7% |
| Financial income75/76B | - | €2.0m | €3.6m | €4 | €6 | ▲ 43.2% |
| Recurring financial income75 | €2.5m | €2.0m | €3.6m | €4 | €6 | ▲ 43.2% |
| Financial charges65/66B | - | €2,542 | €1,419 | €298 | €322 | ▲ 8.1% |
| Recurring financial charges65 | €488 | €2,542 | €1,419 | €298 | €322 | ▲ 8.1% |
| Profit (loss) for the period before taxes9903 | €2.5m | €2.0m | €3.6m | €14,720 | €28,770 | ▲ 95.4% |
| Income taxes67/77 | €15,501 | €7,134 | €6,740 | -€9,253 | €6,356 | ▲ 169% |
| Profit (loss) for the period9904 | €2.5m | €2.0m | €3.6m | €23,973 | €22,414 | ▼ 6.5% |
| Profit (loss) for the period to be appropriated9905 | €2.5m | €2.0m | €3.6m | €23,973 | €22,414 | ▼ 6.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.7m | €8.2m | €10.3m | €6.3m | €6.3m | ▲ 0.4% |
| Fixed assets21/28 | €6.1m | €6.0m | €6.0m | €6.0m | €6.0m | = |
| Tangible fixed assets22/27 | €40,505 | €25,443 | €15,313 | €8,470 | €5,850 | ▼ 30.9% |
| Plant, machinery and equipment23 | - | - | €1,109 | €660 | €211 | ▼ 68.1% |
| Furniture and vehicles24 | - | €19,156 | €9,578 | €0 | €0 | - |
| Other tangible fixed assets26 | - | €6,288 | €4,626 | €7,810 | €5,639 | ▼ 27.8% |
| Financial fixed assets28 | €6.0m | €6.0m | €6.0m | €6.0m | €6.0m | = |
| Current assets29/58 | €2.6m | €2.2m | €4.3m | €279,170 | €305,417 | ▲ 9.4% |
| Amounts receivable within one year40/41 | €30,335 | €15,125 | €15,449 | €17,275 | €32,828 | ▲ 90.0% |
| Trade receivables40 | - | €15,125 | €15,449 | €5,275 | €15,184 | ▲ 188% |
| Other amounts receivable41 | - | - | - | €12,000 | €17,644 | ▲ 47.0% |
| Current investments50/53 | €1,420 | €1,420 | €1,420 | €1,421 | €1,422 | ▲ 0.1% |
| Cash at bank and in hand54/58 | €2.6m | €2.1m | €640,774 | €259,470 | €270,450 | ▲ 4.2% |
| Deferred charges and accrued income490/1 | - | €576 | €3.6m | €1,004 | €717 | ▼ 28.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.7m | €8.2m | €10.3m | €6.3m | €6.3m | ▲ 0.4% |
| Equity10/15 | €6.2m | €6.7m | €10.3m | €6.3m | €6.3m | ▲ 0.4% |
| Contributions10/11 | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Capital10 | - | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Issued capital100 | - | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Reserves13 | €401,706 | €401,706 | €401,706 | €401,706 | €401,706 | = |
| Non-distributable reserves130/1 | - | €401,706 | €401,706 | €401,706 | €401,706 | = |
| Legal reserve130 | - | €401,706 | €401,706 | €401,706 | €401,706 | = |
| Profit (loss) carried forward14 | €1.8m | €2.3m | €5.9m | €1.9m | €1.9m | ▲ 1.2% |
| Amounts payable17/49 | €2.5m | €1.5m | €13,608 | €3,776 | €4,991 | ▲ 32.2% |
| Amounts payable after more than one year17 | €5,852 | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.5m | €1.5m | €13,608 | €3,776 | €4,991 | ▲ 32.2% |
| Current portion of amounts payable after more than one year42 | - | €5,852 | - | - | - | - |
| Trade debts44 | - | €197 | €745 | €0 | €2,604 | - |
| Suppliers440/4 | - | €197 | €745 | €0 | €2,604 | - |
| Taxes, remuneration and social security45 | - | €2,536 | €4,481 | €1,537 | €2,161 | ▲ 40.6% |
| Taxes450/3 | - | €2,536 | €4,481 | €1,537 | €2,161 | ▲ 40.6% |
| Other amounts payable47/48 | - | €1.5m | €8,382 | €2,239 | €225 | ▼ 90.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.5m | €2.0m | €3.6m | €23,973 | €22,414 | ▼ 6.5% |
| + Depreciation and write-downs630 | €2,795 | €2,138 | €1,901 | €2,485 | €2,620 | ▲ 5.4% |
| Operating cash flow (approximation) | €2.5m | €2.0m | €3.6m | €26,458 | €25,033 | ▼ 5.4% |
| Investment in fixed assets (approximation) | - | €12,923 | €8,230 | €4,358 | €0 | ▼ 100% |
| Change in cash | - | -€479,629 | -€1.5m | -€381,305 | €10,980 | ▲ 103% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Weakest financial yearnet €22,414 ▼6.5%
Net result drops to €22,414, the lowest in the series.
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Highest result since 2019net €3.6m ▲80%
Net result €3.6m, the highest in the series.
30-06
Financial
Liquidity times 221current ratio 312.91
Current ratio from 1.42 to 312.91; short-term debt falls from €1.5m to €13,608.
30-06
Financial
Equity above €10mEq €10.3m ▲54%
5 profitable years in a row build equity to €10.3m.
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
18-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Nivelles · 1 establishment unit since 2002
Ground area
6,507 m²
Building footprint
3,649 m²
Volume, LiDAR
27,260 m³
2 parcels, Wallonia · tallest building 8.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Jean-Baptiste Stouffs 1, 1332 Rixensart
since 20022.094.643.833
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099D0012/00A003 | Wallonia | 6,295 m² | 1 · 3,553 m² | 8.3 m · 3 fl. |
| 25033B1423/00_000 | Wallonia | 212 m² | 1 · 95 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
No owner stated in the accounts, acts or LEI register we read.
Holdings 2
- ACEMAL InternationalLUsubsidiarySourceown accounts 30-06-2025100%
-
99.6%
According to the annual accounts to 30-06-2025 of ERELEN and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,907. 1,419 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-03-2002
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477113504
Registered
05-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.