ERGEN BIJOUTERIE
ActiveERGEN BIJOUTERIE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €163k and a net result of €17k. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability52▼-23
Solvency52▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.37 in 2023; short-term debt: 73.4% and cash: 4.7% of total assets), and 73.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
5 d early
2022
39 d early
2021
30 d late
2020
19 d late
2019
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€17k▼ 48.5%
2023 · €32k
2018: €5k
2019: €4k
2020: €29k
2021: €21k
2022: €14k
2023: €32k
2018 → 2024
Working capital
€148k▼ 10.6%
2023 · €165k
2018: €40k
2019: €143k
2020: €155k
2021: €159k
2022: €152k
2023: €165k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€80k-€101k▲ 26.0%€115k▲ 13.7%€147k▲ 28.0%€163k▲ 11.3%
Operating result€37k-€32k▼ 13.9%€23k▼ 26.5%€52k▲ 122%€32k▼ 38.6%
Net result€29k-€21k▼ 28.4%€14k▼ 33.3%€32k▲ 132%€17k▼ 48.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €612k
Fixed assets
€15k▲ 1,129%
Current assets
€597k▼ 2.1%
Equity and liabilities €612k
Equity
€163k▲ 11.3%
Debt
€449k▼ 3.2%
The debt ratio falls from 76.0% to 73.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34k▼
2023 · €53k
Cash flow
€18k▼
2023 · €33k
Solvency
26.6%▲
2023 · 24.0%
Current ratio
1.33▼
2023 · 1.37
Quick ratio
0.07▼
2023 · 0.15
Debt / equity
2.75▼
2023 · 3.17
ROE
10.1%▼
2023 · 21.9%
ROA
2.7%▼
2023 · 5.2%
Interest coverage
3.64▼
2023 · 6.79
Debt
€449k▼
2023 · €464k
Debt ≤ 1 year
€449k▲
2023 · €444k
Income taxes
€6k▼
2023 · €12k
Staff costs
€50k▲
2023 · €41k
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€611k€612k▲
Fixed assets21/28€1k€15k▲
Tangible fixed assets22/27€1,000€15k▲
Furniture and vehicles24€1,000€15k▲
Financial fixed assets28€250€250=
Current assets29/58€609k€597k▼
Stocks and contracts in progress3€542k€564k▲
Stocks30/36€542k€564k▲
Amounts receivable within one year40/41€1k€51▼
Trade receivables40€1k€51▼
Cash at bank and in hand54/58€62k€29k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€611k€612k▲
Equity10/15€147k€163k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€126k€143k▲
Amounts payable17/49€464k€449k▼
Amounts payable after more than one year17€20k-
Financial debts170/4€20k-
Amounts payable within one year42/48€444k€449k▲
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€2k€960▼
Suppliers440/4€2k€960▼
Advances received on contracts in progress46€14k€5k▼
Taxes, remuneration and social security45€28k€43k▲
Taxes450/3€19k€14k▼
Remuneration and social security454/9€8k€29k▲
Other amounts payable47/48€300k€300k=
Income statement
Code20232024
Remuneration, social security and pensions62€41k€50k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Non-recurring operating charges66A-€13k
Gross operating margin9900€94k€97k▲
Operating profit (loss)9901€52k€32k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€44k€23k▼
Income taxes67/77€12k€6k▼
Profit (loss) for the period9904€32k€17k▼
Profit (loss) for the period to be appropriated9905€32k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€126k€143k▲
Profit (loss) brought forward from the previous period14P€94k€126k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Equity above €150kEq €163k ▲11.3%
7 profitable years in a row build equity to €163k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €32k ▲132%
Operating result €52k, net result €32k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Equity above €100kEq €101k ▲26%
4 profitable years in a row build equity to €101k.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
31-12
Financial
Weakest financial yearnet €4k ▼23.8%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Schaarbeek · 1 establishment unit since 2002
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.
Brabantstraat 2541030 SchaarbeekGround area
135 m²
Building footprint
117 m²
Volume, LiDAR
1,266 m³
Parcel 21909E0029/00S006, Brussels · tallest building 17.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Brabantstraat 254, 1030 Schaarbeek
since 20022.093.411.933
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21909E0029/00S006 | Brussels | 135 m² | 1 · 117 m² | 17.9 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
MY GOLD
BE 0763.944.977
Antwerpen · Eq €163k
PEER
BE 0437.262.043
Antwerpen · Eq €164k
TACALI
BE 0508.549.521
La Louvière · Eq €164k
Koral Jewellery
BE 0824.107.050
Antwerpen · Eq €164k
VAN DER STRAETEN
BE 0474.743.734
Opwijk · Eq €164k
Of 2,016 companies in sector 47770 we hold annual accounts for 898. 711 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-01-2002
Fiscal year end31-12
Activities, NACEBEL
47770Retail sale of watches and jewellery
52484
Sources
Crossroads Bank for EnterprisesNational Bank · 23 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.