Equity
€19,798 from €59,740 in 2023
Equity fell by 67% in 2 years.
ERGIN
Lifetime
19 annual accounts with figures on one time axispeak €79,164 (2025)
€79,164▲ 28.4%
lowest -€57,826 (2024)
€17,884▲ €75,710
peak €59,740 (2023)
€19,798▲ 934%
€477,686▲ 14.4%
Board2 names since 2020
1 directorNaeyaert Jonas
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €61,674 to €79,164Back to profit: €17,884Equity from €1,914 to €19,798
Key points
from the 2025 annual accountsResult
€17,884 €17,884
Back in profit in 2025, after a loss of €57,826 in 2024.
Debts
€477,686 96% of the balance sheet
Financial debts 64%Suppliers 9%Taxes and wages 1%Other 26%
Of this, €172,348 falls due within a year.
Investments
€45,765 1.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 247.2% higher than in 2024.
Filings
19 annual accounts since 2007
Seven of the last ten came late. The 2017 accounts came latest: 31 days after the end of the period.
Position in the sector
4.0%
Lower solvency than 89% of companies in specialised construction. Sector median 46.7% · 35,156 companies.
Checked score
67
Healthy
Financially stronger than 50% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.7%
01-2025: 2.7%● unchanged vs 12-2024
02-2025: 2.8%▲ +0.1 percentage points vs 01-2025
03-2025: 2.8%● unchanged vs 02-2025
04-2025: 2.8%● unchanged vs 03-2025
05-2025: 3.2%▲ +0.4 percentage points vs 04-2025highest value
06-2025: 3.1%▼ -0.1 percentage points vs 05-2025
07-2025: 1.5%▼ -1.6 percentage points vs 06-2025
08-2025: 1.8%▲ +0.3 percentage points vs 07-2025
09-2025: 1.8%● unchanged vs 08-2025
10-2025: 1.8%● unchanged vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.8%● unchanged vs 03-2026
05-2026: 1.7%▼ -0.1 percentage points vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 0.9%▼ -0.8 percentage points vs 06-2026lowest value
08-2026: 0.9%● unchanged vs 07-2026lowest value
09-2026: 0.9%● unchanged vs 08-2026lowest value
10-2026: 0.9%● unchanged vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.64
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €497,484
Founded in 2006
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 43, micro). It does better than 10% of them on solvency, 68% on liquidity, 23% on profitability and 99% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,217 companies had the same profile as ERGIN has now. Each dot stands for 4 companies, two years later.
96.0%
were still trading
2.5%
stopped another way
1.5%
went bankrupt
That fits the bankruptcy probability of ERGIN itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,217 companies, not a prediction for ERGIN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.64 (0.49 in 2024), below 1. Short-term debt is 34.6% of total assets. 96% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 35156 sector peers (2025).
NBB · sector comparisonPosition among 35156 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
7 days early
2023
27 days late
2022
31 days early
2021
31 days late
2020
24 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0881142357
Registered office moved from Zomergem to Oeselgem
New registered office: Staatsbaan 2 8720 Oeselgem (Dentergem) · Previous registered office: Spinhoutstraat 14 te 9930 Zomergem · Resignation: Naeyaert Jonas (director, formerly manager) · General meeting of 02-06-2023 · Gazette deed
Resignation: Naeyaert Cedric (director)
General meeting of 15-10-2020 · Gazette deed
Registered office moved within Zomergem
New registered office: Spinhoutstraat 14 te 9930 Zomergem · Previous registered office: Mispelare 7 te 9930 Zomergem · General meeting of 02-05-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ERGIN Dentergem | €497,484 | €79,164 | 4.0% | - |
| KINGCONS Genappe | €528,335 | €76,663 | 29.0% | - |
| E.KA Schaerbeek | €551,709 | €74,879 | 48.7% | 0.4 |
| SOCIETE DE TRAVAUX ET DE GESTION Brussels | €628,842 | €80,247 | 27.9% | - |
| S.I.M.S. TECHNOLOGIE Evere | €470,435 | €61,737 | 67.6% | - |
| GUIDO-GROND-EN AFBRAAKWERKEN Deinze | €579,882 | €89,080 | 53.8% | - |
| R.C.B. Oudenaarde | €416,215 | €85,403 | 54.9% | - |
These companies have the same main activity as ERGIN: demolition (NACE 43110). They are comparable in size and age: total assets between €416,000 and €629,000, founded between 2004 and 2007.
Official details
Source: KBO- Status
- Active since 05-05-2006Normal situation
- Activity
- DemolitionNACE 43110and 2 others
- Establishment unit
- 2.169.452.3129930 Lievegem, since 14-03-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 14-05-2025
Annual accounts 2025
- ≈ €330,000estimated
- €497,484▲ 18.6%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on ERGIN
ERGIN files the micro format. That format states no turnover. The gross margin rose from €20,026 in 2007 to €79,164 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ERGIN
- What is the company number of ERGIN?
- The company number of ERGIN is 0881.142.357. The VAT number is the same number with BE in front: BE 0881.142.357.
- Where is ERGIN based?
- The registered office is at Staatsbaan 2, 8720 Dentergem.Company details
- What does ERGIN do?
- According to the KBO register, the main activity is demolition (NACE 43110).
- What is the legal form of ERGIN?
- ERGIN is a private limited company (BV).
- When was ERGIN founded?
- ERGIN was founded on 05-05-2006.
- Is ERGIN still active?
- Yes, ERGIN is an active enterprise in the KBO register.
- What is the turnover of ERGIN?
- The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €79,164 and 34 comparable companies (NACE 431). It probably lies between €240,000 and €570,000.Financials
- Is ERGIN profitable?
- In financial year 2025, ERGIN made a profit of €17,884.
- Where can I find the annual accounts of ERGIN?
- ERGIN filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ERGIN due?
- ERGIN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.