ERGIN
ActiveThe annual accounts of ERGIN for fiscal year 2024 show a net loss of 97% of the equity at the start of that year. The 2024 annual accounts show equity of €2k and a net result of €-58k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 36373 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
35
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability2▼-66
Solvency25▼-11
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.49 against 0.93 in 2023; short-term debt: 23.5% and cash: 0.1% of total assets), and 99.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
0.5%
Return on assets
-13.8%
Age of the figures
21 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36373 sector peers (2024).
NBB · sector comparisonPosition among 36373 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
27 d late
2022
31 d early
2021
31 d late
2020
24 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€2k▼ 96.8%
2023 · €60k
2018: €21k
2019: €21k
2020: €13k
2021: €40k
2022: €53k
2023: €60k
2018 → 2024
Total assets
€420k▼ 22.5%
2023 · €541k
2018: €64k
2019: €65k
2020: €58k
2021: €97k
2022: €139k
2023: €541k
2018 → 2024
Net result
€-58k
2023 · €16k
2018: €-7k
2019: €122
2020: €-8k
2021: €27k
2022: €13k
2023: €16k
2018 → 2024
Working capital
€-50k▼ 328%
2023 · €-12k
2018: €21k
2019: €21k
2020: €13k
2021: €14k
2022: €60k
2023: €-12k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€13k-€40k▲ 201%€53k▲ 32.8%€60k▲ 13.3%€2k▼ 96.8%
Operating result€-8k-€33k€13k▼ 60.5%€27k▲ 103%€-30k
Net result€-8k-€27k€13k▼ 50.8%€16k▲ 26.2%€-58k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €30k after €27k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €420k
Fixed assets
€371k▼ 5.0%
Current assets
€48k▼ 67.9%
Equity and liabilities €420k
Equity
€2k▼ 96.8%
Debt
€418k▼ 13.3%
The debt ratio rises from 89.0% to 99.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-9k▼
2023 · €47k
Cash flow
€-37k▼
2023 · €37k
Solvency
0.5%▼
2023 · 11.0%
Current ratio
0.49▼
2023 · 0.93
Quick ratio
0.37▼
2023 · 0.42
ROA
-13.8%▼
2023 · 3.0%
Interest coverage
-0.37▼
2023 · 5.50
Debt
€418k▼
2023 · €482k
Debt ≤ 1 year
€99k▼
2023 · €162k
Debt > 1 year
€298k▼
2023 · €319k
Income taxes
€-505▼
2023 · €4k
Staff costs
€727▲
2023 · €279
A ratio outside any meaningful range has been withheld (balance sheet total €420k, equity €2k).
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€541k€420k▼
Fixed assets21/28€391k€371k▼
Tangible fixed assets22/27€359k€340k▼
Land and buildings22€334k€323k▼
Plant, machinery and equipment23€19k€14k▼
Furniture and vehicles24€7k€2k▼
Financial fixed assets28€32k€32k=
Current assets29/58€150k€48k▼
Stocks and contracts in progress3€83k€12k▼
Stocks30/36€83k€12k▼
Amounts receivable within one year40/41€63k€32k▼
Trade receivables40€46k€26k▼
Other amounts receivable41€17k€6k▼
Cash at bank and in hand54/58€600€432▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€541k€420k▼
Equity10/15€60k€2k▼
Contributions10/11€6k€6k=
Reserves13€30k€30k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€8k€8k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€24k€-34k▼
Amounts payable17/49€482k€418k▼
Amounts payable after more than one year17€319k€298k▼
Financial debts170/4€319k€298k▼
Amounts payable within one year42/48€162k€99k▼
Current portion of amounts payable after more than one year42€26k€22k▼
Financial debts43€28k€40k▲
Credit institutions430/8€28k€40k▲
Trade debts44€96k€9k▼
Suppliers440/4€96k€9k▼
Taxes, remuneration and social security45€3k-
Taxes450/3€3k-
Other amounts payable47/48€9k€28k▲
Accrued charges and deferred income492/3-€21k
Income statement
Code20232024
Remuneration, social security and pensions62€279€727▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€66k
Other operating charges640/8€3k€5k▲
Gross operating margin9900€51k€62k▲
Operating profit (loss)9901€27k€-30k▼
Financial income75/76B€2k€1▼
Recurring financial income75€213€1▼
Non-recurring financial income76B€2k-
Financial charges65/66B€9k€28k▲
Recurring financial charges65€9k€25k▲
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€20k€-58k▼
Income taxes67/77€4k€-505▼
Profit (loss) for the period9904€16k€-58k▼
Profit (loss) for the period to be appropriated9905€16k€-58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€-34k▼
Profit (loss) brought forward from the previous period14P€17k€24k▲
Profit to be distributed694/7€9k-
Directors or managers695€9k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-58k ▼451%
Net result drops to €-58k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €122
Net result €122 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Dentergem · 1 establishment unit since 2008
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.
Staatsbaan(Oes) 28720 DentergemGround area
2,495 m²
Building footprint
580 m²
Volume, LiDAR
2,766 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Spinhoutstraat 14, 9930 Lievegem
since 20082.169.452.312
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080F0288/00C000 | Flanders | 1,303 m² | 1 · 309 m² | 8.4 m · 2 fl. |
| 37008A0095/00N000 | Flanders | 1,192 m² | 1 · 271 m² | 8.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 7,500 EUR awarded · 7,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,365 companies in sector 43110 we hold annual accounts for 632. 93 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-05-2006
Fiscal year end31-12
Activities, NACEBEL
43110Demolition
41001General construction of residential buildings
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:+32472868905