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ERGEN IMMO

Active
Private limited company (pre-2019)founded 2013active for 13 yearsLouizalaan 445, 1050 Elsene, BelgiumKBO/BCE: BE 0502.552.149
Summary

The computed 12-month bankruptcy probability of ERGEN IMMO is 1.9% (moderate). The 2024 annual accounts show negative equity (-€713,860) and a net result of -€80,911. Equity has been shrinking by about 49% per year since 2018. Its solvency ranks better than 5% of 4,796 sector peers (NACE 68, financial year 2024). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 17-01-2013 Normal situation
Registered office
11 active companies are registered at this address Source: KBO register, as of 2 November 2026.
Activity
Buying and selling of own real estate NACE 68110and 4 others
Establishment unit
2.215.712.602 1050 Brussel, since 17-01-2013
Financial year end
31 December
Peppol
Reachable since 22-12-2025

Board and ownership

Board
  • ERGEN GabrielDirector

Financial position

53 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.9%
Annual accounts 2024
Gross margin
€2,578
Turnover
≈ €9,900
estimated
Loss
€80,911
▼ 45.3%
Equity
-€713,860
▼ 12.8%
Total assets
€779,415
▼ 3.3%
  • Negative equity on 31-12-2024
  • 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 31-08-2025)Liquidity: current ratio 0.36, cash €23,907Negative equity -€713,860lowers riskSize: total assets €779,415Show the evidence

Checked score

Score 2024
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 26% of micro companies in real estate (NACE 68)
Financial strength · tick: 2023
Weak
Solvency 0=
equity -91.6% of total assets
Liquidity 54+3
short-term debt 9.6% · cash 3.1%
Profitability 6+6
return on assets -10.4%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,630 companies, NACE 68, micro)
Last 24 months 12-2024: 2.1% 01-2025: 2.1%● unchanged vs 12-2024 02-2025: 2.1%● unchanged vs 01-2025 03-2025: 2.0%▼ -0.1 percentage points vs 02-2025 04-2025: 2.0%● unchanged vs 03-2025 05-2025: 2.0%● unchanged vs 04-2025 06-2025: 2.0%● unchanged vs 05-2025 07-2025: 2.2%▲ +0.2 percentage points vs 06-2025 08-2025: 2.3%▲ +0.1 percentage points vs 07-2025highest value 09-2025: 1.3%▼ -1.0 percentage point vs 08-2025 10-2025: 1.3%● unchanged vs 09-2025 11-2025: 1.3%● unchanged vs 10-2025 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.2%▼ -0.1 percentage points vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.3%▲ +0.1 percentage points vs 04-2026 06-2026: 1.2%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 1.3%▲ +0.1 percentage points vs 06-2026 08-2026: 1.5%▲ +0.2 percentage points vs 07-2026 09-2026: 1.6%▲ +0.1 percentage points vs 08-2026 10-2026: 1.9%▲ +0.3 percentage points vs 09-2026 11-2026: 1.9%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.36 (0.14 in 2023), below 1. Short-term debt is 9.6% and cash 3.1% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 63% on liquidity, 11% on profitability and 26% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
lowers risk · Size: total assets €779,415
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Figures for financial year 2024 (filed on 31-08-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.36, cash €23,907
NBB · annual accounts
raises risk · Negative equity -€713,860
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€713,860
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 95 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline03-11-2026 today
raises risk · 2024 accounts filed 31 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
31 days late
2023
61 days late
2022
2 days early
2021
31 days late
2020
60 days late
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 45 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2024 -€713,860 View
  • Risk: 6 loss-making years in a rowloss in financial year 2024 -€80,911 View
  • Caution: Lower solvency than 95% of companies in real estatesector median 30.7% · 4,796 companies -91.6% View
  • Positive: Result rose in 2024from -€147,966 to -€80,911 ▲ 45.3% View

Recent changes

  1. · Gazette deed Incorporation
All 12 events

Comparable companies

These companies have the same main activity as ERGEN IMMO: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €540,000 and €907,000, founded between 2009 and 2015.

CompanyTotal assetsGross margin
ERGEN IMMO Elsene€779,415€2,578
ALPHA CAPITAL Brussel€751,440€3,156
DORINI CONCEPT Charleroi€691,797€4,376
JONCKERHOF Zedelgem€539,590€2,279
Pascual Invest Speelhallen Gent€907,390€1,422
GUALIMA Gembloux€586,811€4,627
V251 Elsene€815,223-€32,944
Full comparison

Key facts about ERGEN IMMO

What is the company number of ERGEN IMMO?
The company number of ERGEN IMMO is 0502.552.149. The VAT number is the same number with BE in front: BE 0502.552.149.
Where is ERGEN IMMO based?
The registered office is at Louizalaan 445, 1050 Elsene.Company details
What does ERGEN IMMO do?
According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of ERGEN IMMO?
The legal form of ERGEN IMMO is Private limited company (pre-2019) (BVBA).
When was ERGEN IMMO founded?
ERGEN IMMO was founded on 17-01-2013.
Is ERGEN IMMO still active?
Yes, ERGEN IMMO is an active enterprise in the KBO register.
What is the turnover of ERGEN IMMO?
The turnover in financial year 2024 is ≈ €9,900. This figure is estimated from the gross margin of €2,578 and 30 comparable companies (NACE 68110). It probably lies between €5,400 and €25,000. It is a rough estimate.Financials
Is ERGEN IMMO profitable?
In financial year 2024, ERGEN IMMO made a loss of €80,911.
Where can I find the annual accounts of ERGEN IMMO?
ERGEN IMMO filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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