ERGES
ActiveERGES has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €427k and a net result of €2k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 95% of 679 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
77
/ 100
Excellent▼ -1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▲+21
Solvency76▼-24
Growth43▲+2
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.91 against 17.38 in 2024), and 8.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
91.3%
Return on assets
0.4%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €427k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
15 d early
2023
5 d late
2022
29 d late
2021
16 d late
2020
31 d late
2019
18 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€59k▲ 12.9%
2024 · €52k
2018: €71k
2019: €71k
2020: €60k
2021: €68k
2022: €73k
2023: €73k
2024: €52k
2018 → 2025
EBIT margin
1.8%▲ 39.3pp
2024 · -37.4%
2018: 9.7%
2019: 2.4%
2020: -0.4%
2021: 2.5%
2022: 11.2%
2023: 9.8%
2024: -37.4%
2018 → 2025
Net result
€2k
2024 · €-20k
2018: €14k
2019: €9k
2020: €7k
2021: €9k
2022: €7k
2023: €6k
2024: €-20k
2018 → 2025
Working capital
€-629
2024 · €34k
2021: €31k
2022: €37k
2023: €36k
2024: €34k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€68k-€73k▲ 7.6%€73k▼ 0.6%€52k▼ 28.0%€59k▲ 12.9%
Equity€320k-€327k▲ 2.2%€333k▲ 1.8%€313k▼ 6.0%€427k▲ 36.4%
Operating result€2k-€8k▲ 374%€7k▼ 13.2%€-20k€1k
Net result€9k-€7k▼ 18.1%€6k▼ 18.4%€-20k€2k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1k after a loss of €20k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €467k
Fixed assets
€461k▼ 5.2%
Current assets
€7k▼ 81.4%
Equity and liabilities €467k
Equity
€427k▲ 36.4%
Provisions
€33k▼ 17.3%
Debt
€7k▼ 95.6%
The debt ratio falls from 32.4% to 1.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€27k▲
2024 · €9k
Cash flow
€28k▲
2024 · €8k
Solvency
91.3%▲
2024 · 59.9%
Current ratio
0.91▼
2024 · 17.38
Quick ratio
0.91▼
2024 · 17.38
Debt / equity
0.02▼
2024 · 0.54
ROE
0.5%▲
2024 · -6.4%
ROA
0.4%▲
2024 · -3.8%
Interest coverage
589.81▲
2024 · 32.04
Debt
€7k▼
2024 · €169k
Debt ≤ 1 year
€7k▲
2024 · €2k
Income taxes
€6k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€522k€467k▼
Fixed assets21/28€486k€461k▼
Tangible fixed assets22/27€486k€461k▼
Land and buildings22€49k€38k▼
Other tangible fixed assets26€437k€423k▼
Current assets29/58€36k€7k▼
Cash at bank and in hand54/58€36k€7k▼
Equity and liabilities
Total equity and liabilities10/49€522k€467k▼
Equity10/15€313k€427k▲
Contributions10/11€353k€465k▲
Capital10€353k€465k▲
Issued capital100€353k€465k▲
Reserves13€82k€68k▼
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Tax-exempt reserves132€78k€64k▼
Profit (loss) carried forward14€-122k€-106k▲
Provisions and deferred taxes16€40k€33k▼
Deferred taxes168€40k€33k▼
Amounts payable17/49€169k€7k▼
Amounts payable after more than one year17€167k-
Other amounts payable178/9€167k-
Amounts payable within one year42/48€2k€7k▲
Trade debts44€2k-
Suppliers440/4€2k-
Taxes, remuneration and social security45-€6k
Taxes450/3-€6k
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3€352€0▼
Income statement
Code20242025
Turnover70€52k€59k▲
Goods, raw materials, services and sundry goods60/61€38k€26k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€25k▼
Other operating charges640/8€6k€7k▲
Gross operating margin9900€15k€33k▲
Operating profit (loss)9901€-20k€1k▲
Financial charges65/66B€268€45▼
Recurring financial charges65€268€45▼
Profit (loss) for the period before taxes9903€-20k€1k▲
Transfer from deferred taxes780-€7k
Income taxes67/77-€6k
Profit (loss) for the period9904€-20k€2k▲
Transfer from tax-exempt reserves789€13k€13k=
Profit (loss) for the period to be appropriated9905€-6k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-122k€-106k▲
Profit (loss) brought forward from the previous period14P€-115k€-122k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-20k ▼447%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 17.38
Current ratio from 3.70 to 17.38; short-term debt falls from €13k to €2k.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 5 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 18 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
17-02-2021
Anne-Michèle GESSLER: Resigned as Director
17-02-2021
Michel RENDERS: Resigned as Director
17-02-2021
Nicolas RENDERS: Resigned as Director
Location & real-estate footprint
Registered office, Ternat · 1 establishment unit since 1990
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.
Baron Liebaertstraat 71740 TernatGround area
723 m²
Building footprint
716 m²
Volume, LiDAR
5,915 m³
Parcel 23086D0030/00C000, Flanders · tallest building 17.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ETIENNE RENDERS & CO
since 19902.048.864.781
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086D0030/00C000 | Flanders | 723 m² | 1 · 716 m² | 17.0 m · 3 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.
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RECAM
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Aux Beaux Rivages
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AUSTIN
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Of 2,384 companies in sector 55100 we hold annual accounts for 1,507. 1,085 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-06-1990
Fiscal year end31-12
Legal name FR
ERGES CONSULT
Abbreviation FR
Etienne Renders et compagnie
Activities, NACEBEL
55100Hotels and similar accommodation
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.