Summary
ERGL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €98,513 and a net result of €66,564. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 8094 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
8 d early
2023
1 d early
2022
3 d early
2021
2 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€98,513▼ 37.3%
2024 · €157,013
Net result
€66,564▼ 11.2%
2024 · €74,973
Total assets
€168,172▲ 2.2%
2024 · €164,562
Solvency
58.6%▼ 36.8pp
2024 · 95.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€77,789▲ 100%€77,014▼ 1.0%-€47,120€83,910€84,652▲ 0.9%
Net result€53,666within the sector's middle half▲ 104%€58,302within the sector's middle half▲ 8.6%-€47,566below the sector's middle half€74,973within the sector's middle half€66,564within the sector's middle half▼ 11.2%
Equity€117,206within the sector's middle half▲ 84.5%€117,206within the sector's middle half=€82,040within the sector's middle half▼ 30.0%€157,013within the sector's middle half▲ 91.4%€98,513within the sector's middle half▼ 37.3%
Total assets€156,345within the sector's middle half▲ 68.6%€181,766within the sector's middle half▲ 16.3%€86,555below the sector's middle half▼ 52.4%€164,562within the sector's middle half▲ 90.1%€168,172within the sector's middle half▲ 2.2%
Debt€39,139▲ 34.2%€64,560▲ 64.9%€4,515▼ 93.0%€7,549▲ 67.2%€69,659▲ 823%
Working capital€111,766within the sector's middle half▲ 93.9%€116,916within the sector's middle half▲ 4.6%€80,468within the sector's middle half▼ 31.2%€155,193within the sector's middle half▲ 92.9%€97,669within the sector's middle half▼ 37.1%
Solvency75.0%within the sector's middle half▲ 6.4pp64.5%within the sector's middle half▼ 10.5pp94.8%above the sector's middle half▲ 30.3pp95.4%above the sector's middle half▲ 0.6pp58.6%within the sector's middle half▼ 36.8pp
Current ratio4.07above the sector's middle half▲ 0.232.82within the sector's middle half▼ 1.2519.75above the sector's middle half▲ 16.9322.14above the sector's middle half▲ 2.402.40within the sector's middle half▼ 19.74
Return on assets (ROA)34.3%above the sector's middle half▲ 6.0pp32.1%above the sector's middle half▼ 2.3pp-55.0%below the sector's middle half▼ 87.0pp45.6%above the sector's middle half▲ 100.5pp39.6%above the sector's middle half▼ 6.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €168,172
Fixed assets
€950 ▼ 53.2%
Current assets
€167,222 ▲ 2.9%
Equity and liabilities €168,172
Equity
€98,513 ▼ 37.3%
Debt
€69,659 ▲ 823%
Debt's share of the balance-sheet total rises from 4.6% to 41.4%. Equity is lower and debt is higher.
Key figures and ratios
ROE
67.6%▲
2024 · 47.7%
Debt ≤ 1 year
€69,553▲
2024 · €7,339
Income taxes
€18,010▲
2024 · €8,889
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,383 | €7,558 | €852 | €918 | €1,079 | ▲ 17.6% |
| Other operating charges640/8 | €1,660 | €1,705 | €94,961 | €951 | €1,160 | ▲ 22.0% |
| Gross operating margin9900 | €86,832 | €86,277 | €48,693 | €85,779 | €86,891 | ▲ 1.3% |
| Operating profit (loss)9901 | €77,789 | €77,014 | -€47,120 | €83,910 | €84,652 | ▲ 0.9% |
| Financial income75/76B | - | - | - | €35 | - | - |
| Recurring financial income75 | - | - | - | €35 | - | - |
| Financial charges65/66B | €557 | €334 | €111 | €83 | €78 | ▼ 6.0% |
| Recurring financial charges65 | €557 | €334 | €111 | €83 | €78 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €77,232 | €76,681 | -€47,232 | €83,862 | €84,574 | ▲ 0.8% |
| Income taxes67/77 | €23,565 | €18,379 | €334 | €8,889 | €18,010 | ▲ 103% |
| Profit (loss) for the period9904 | €53,666 | €58,302 | -€47,566 | €74,973 | €66,564 | ▼ 11.2% |
| Profit (loss) for the period to be appropriated9905 | €53,666 | €58,302 | -€47,566 | €74,973 | €66,564 | ▼ 11.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €156,345 | €181,766 | €86,555 | €164,562 | €168,172 | ▲ 2.2% |
| Fixed assets21/28 | €8,120 | €562 | €1,795 | €2,030 | €950 | ▼ 53.2% |
| Tangible fixed assets22/27 | €8,120 | €562 | €1,795 | €2,030 | €950 | ▼ 53.2% |
| Furniture and vehicles24 | €949 | €562 | €1,795 | €2,030 | €950 | ▼ 53.2% |
| Leasing and similar rights25 | €7,170 | €0 | €0 | - | - | - |
| Current assets29/58 | €148,226 | €181,204 | €84,760 | €162,532 | €167,222 | ▲ 2.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €35,000 | - |
| Other amounts receivable291 | - | - | - | - | €35,000 | - |
| Amounts receivable within one year40/41 | €14,087 | €9,089 | €31,271 | €19,117 | €39,891 | ▲ 109% |
| Trade receivables40 | €13,915 | - | €20,368 | - | €17,158 | - |
| Other amounts receivable41 | €172 | €9,089 | €10,903 | €19,117 | €22,734 | ▲ 18.9% |
| Cash at bank and in hand54/58 | €133,427 | €172,115 | €53,489 | €143,415 | €92,330 | ▼ 35.6% |
| Deferred charges and accrued income490/1 | €711 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €156,345 | €181,766 | €86,555 | €164,562 | €168,172 | ▲ 2.2% |
| Equity10/15 | €117,206 | €117,206 | €82,040 | €157,013 | €98,513 | ▼ 37.3% |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €99,333 | €99,333 | €99,333 | €138,413 | €79,913 | ▼ 42.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €97,473 | €97,473 | €99,333 | €138,413 | €79,913 | ▼ 42.3% |
| Profit (loss) carried forward14 | €11,674 | €11,674 | -€35,892 | - | - | - |
| Amounts payable17/49 | €39,139 | €64,560 | €4,515 | €7,549 | €69,659 | ▲ 823% |
| Amounts payable after more than one year17 | €2,231 | - | - | - | - | - |
| Financial debts170/4 | €2,231 | - | - | - | - | - |
| Amounts payable within one year42/48 | €36,460 | €64,288 | €4,292 | €7,339 | €69,553 | ▲ 848% |
| Current portion of amounts payable after more than one year42 | €6,531 | €2,231 | - | - | - | - |
| Trade debts44 | €1,344 | €1,507 | €1,840 | €1,943 | €214 | ▼ 89.0% |
| Suppliers440/4 | €1,344 | €1,507 | €1,840 | €1,943 | €214 | ▼ 89.0% |
| Taxes, remuneration and social security45 | €28,584 | €2,248 | €2,452 | €5,397 | €2,775 | ▼ 48.6% |
| Taxes450/3 | €28,584 | €2,248 | €2,452 | €2,997 | €2,775 | ▼ 7.4% |
| Remuneration and social security454/9 | - | - | - | €2,400 | - | - |
| Other amounts payable47/48 | - | €58,302 | - | - | €66,564 | - |
| Accrued charges and deferred income492/3 | €448 | €272 | €223 | €209 | €106 | ▼ 49.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,666 | €58,302 | -€47,566 | €74,973 | €66,564 | ▼ 11.2% |
| + Depreciation and write-downs630 | €7,383 | €7,558 | €852 | €918 | €1,079 | ▲ 17.6% |
| Operating cash flow (approximation) | €61,050 | €65,860 | -€46,714 | €75,891 | €67,643 | ▼ 10.9% |
| Investment in fixed assets (approximation) | - | €0 | -€2,085 | -€1,153 | €0 | ▲ 100% |
| Change in cash | - | €38,688 | -€118,627 | €89,927 | -€51,085 | ▼ 157% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €74,973
Net result €74,973 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €157,013 ▲91.4%
Equity rises from €82,040 to €157,013.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€47,566
Net result drops to -€47,566, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 7current ratio 19.75
Current ratio from 2.82 to 19.75; short-term debt falls from €64,288 to €4,292.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €117,206 ▲84.5%
4 profitable years in a row build equity to €117,206.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
15-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Heusden-Zolder · 1 establishment unit since 2014
Ground area
3,928 m²
Building footprint
1,202 m²
Volume, LiDAR
7,692 m³
Parcel 71065A0205/00A019, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Mijnwerkerslaan 4, 3550 Heusden-Zolder
since 20142.235.254.142
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A0205/00A019 | Flanders | 3,928 m² | 1 · 1,202 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 12,305 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0562820130
Registered
01-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.