ERGO-LAB
ActiveSummary
ERGO-LAB has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €310k and a net result of €137k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 93% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+2
Solvency100▲+30
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 7.43 against 1.59 in 2024; short-term debt: 11.9% and cash: 27.7% of total assets), and 12.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
87.5%
Return on assets
38.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €310k
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
45 d early
2023
51 d early
2022
45 d early
2021
38 d early
2020
45 d early
2019
45 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€310k▲ 78.8%
2024 · €173k
Total assets
€354k▼ 8.6%
2024 · €387k
Net result
€137k▲ 49.6%
2024 · €91k
Working capital
€271k▲ 116%
2024 · €125k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3k€-25k€123k€130k▲ 5.7%€197k▲ 51.6%
Net result€3k€-26k€106k€91k▼ 13.7%€137k▲ 49.6%
Equity€2k€-24k€82k€173k▲ 111%€310k▲ 78.8%
Total assets€79k▲ 135%€80k▲ 0.9%€527k▲ 562%€387k▼ 26.6%€354k▼ 8.6%
Debt€77k▲ 123%€103k▲ 34.4%€445k▲ 331%€214k▼ 52.0%€44k▼ 79.4%
Working capital€-14k▼ 8.5%€-36k▼ 158%€22k€125k▲ 471%€271k▲ 116%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 52% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €354k
Fixed assets
€41k ▼ 17.5%
Current assets
€313k ▼ 7.2%
Equity and liabilities €354k
Equity
€310k ▲ 78.8%
Debt
€44k ▼ 79.4%
Debt's share of the balance-sheet total falls from 55.2% to 12.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€213k▲
2024 · €146k
Cash flow
€153k▲
2024 · €107k
Current ratio
7.43▲
2024 · 1.59
Quick ratio
7.19▲
2024 · 1.47
Debt to equity
0.14▼
2024 · 1.23
ROE
44.1%▼
2024 · 52.6%
ROA
38.6%▲
2024 · 23.6%
Interest coverage
2453.40▲
2024 · 103.41
Debt ≤ 1 year
€42k▼
2024 · €212k
Income taxes
€66k▲
2024 · €43k
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 | €4k | €5k | €10k | €16k | €16k | ▲ 3.0% |
| Other operating charges640/8 | €621 | €772 | €911 | €912 | €813 | ▼ 10.9% |
| Non-recurring operating charges66A | - | - | - | - | €849 | - |
| Gross operating margin9900 | €7k | €-19k | €135k | €147k | €215k | ▲ 46.6% |
| Operating profit (loss)9901 | €3k | €-25k | €123k | €130k | €197k | ▲ 51.6% |
| Financial income75/76B | €481 | €1 | €8k | €6k | €5k | ▼ 18.1% |
| Recurring financial income75 | €481 | €1 | €8k | €6k | €5k | ▼ 18.1% |
| Financial charges65/66B | €391 | €285 | €137 | €1k | €87 | ▼ 93.8% |
| Recurring financial charges65 | €391 | €285 | €137 | €1k | €87 | ▼ 93.8% |
| Profit (loss) for the period before taxes9903 | €3k | €-26k | €131k | €135k | €202k | ▲ 50.1% |
| Income taxes67/77 | - | - | €25k | €43k | €66k | ▲ 51.1% |
| Profit (loss) for the period9904 | €3k | €-26k | €106k | €91k | €137k | ▲ 49.6% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-26k | €106k | €91k | €137k | ▲ 49.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79k | €80k | €527k | €387k | €354k | ▼ 8.6% |
| Fixed assets21/28 | €16k | €12k | €60k | €50k | €41k | ▼ 17.5% |
| Intangible fixed assets21 | €14k | €11k | €6k | €4k | €2k | ▼ 63.6% |
| Tangible fixed assets22/27 | €2k | €2k | €54k | €46k | €36k | ▼ 21.8% |
| Plant, machinery and equipment23 | - | €334 | €2k | €2k | €1k | ▼ 29.3% |
| Furniture and vehicles24 | €2k | €1k | €52k | €44k | €35k | ▼ 21.5% |
| Financial fixed assets28 | - | - | - | - | €4k | - |
| Current assets29/58 | €63k | €67k | €467k | €337k | €313k | ▼ 7.2% |
| Stocks and contracts in progress3 | €12k | €12k | €49k | €26k | €10k | ▼ 62.7% |
| Stocks30/36 | €12k | €12k | €13k | €13k | €10k | ▼ 23.4% |
| Contracts in progress37 | - | - | €36k | €14k | - | - |
| Amounts receivable within one year40/41 | €8k | €36k | €387k | €181k | €204k | ▲ 12.5% |
| Trade receivables40 | €8k | €36k | €387k | €181k | €196k | ▲ 8.3% |
| Other amounts receivable41 | - | - | €4 | - | €8k | - |
| Cash at bank and in hand54/58 | €39k | €18k | €30k | €129k | €98k | ▼ 23.6% |
| Deferred charges and accrued income490/1 | €4k | €953 | €1k | €1k | €923 | ▼ 10.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79k | €80k | €527k | €387k | €354k | ▼ 8.6% |
| Equity10/15 | €2k | €-24k | €82k | €173k | €310k | ▲ 78.8% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €10k | €10k | €62k | €153k | €290k | ▲ 89.2% |
| Distributable reserves133 | €10k | €10k | €62k | €153k | €290k | ▲ 89.2% |
| Profit (loss) carried forward14 | €-28k | €-54k | - | - | - | - |
| Amounts payable17/49 | €77k | €103k | €445k | €214k | €44k | ▼ 79.4% |
| Amounts payable within one year42/48 | €77k | €103k | €445k | €212k | €42k | ▼ 80.1% |
| Trade debts44 | €9k | €3k | €73k | €19k | €225 | ▼ 98.8% |
| Suppliers440/4 | €9k | €3k | €73k | €19k | €225 | ▼ 98.8% |
| Advances received on contracts in progress46 | - | - | €154k | €124k | - | - |
| Taxes, remuneration and social security45 | €2k | €15k | €68k | €47k | €42k | ▼ 10.8% |
| Taxes450/3 | €2k | €15k | €68k | €47k | €42k | ▼ 10.8% |
| Other amounts payable47/48 | €66k | €85k | €150k | €22k | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-26k | €106k | €91k | €137k | ▲ 49.6% |
| + Depreciation and write-downs630 | €4k | €5k | €10k | €16k | €16k | ▲ 3.0% |
| Operating cash flow (approximation) | €7k | €-20k | €116k | €107k | €153k | ▲ 42.8% |
| Investment in fixed assets (approximation) | - | €-2k | €-58k | €-6k | €-7k | ▼ 29.2% |
| Change in cash | - | €-21k | €12k | €99k | €-30k | ▼ 131% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €137k ▲49.6%
Operating result €197k, net result €137k, both a record.
31-12
Financial
Liquidity times 5current ratio 7.43
Current ratio from 1.59 to 7.43; short-term debt falls from €212k to €42k.
31-12
Financial
Equity above €200kEq €310k ▲78.8%
3 profitable years in a row build equity to €310k.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150kEq €173k ▲111%
2 profitable years in a row build equity to €173k.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €106k
Net result €106k after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
Show earlier events
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Roosdaal · 1 establishment unit since 2001
Ground area
766 m²
Building footprint
207 m²
Volume, LiDAR
978 m³
Parcel 23097E0567/00B000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ergo-Lab
since 20012.103.253.572
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23097E0567/00B000 | Flanders | 766 m² | 1 · 207 m² | 8.9 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 2,819 EUR awarded · 2,819 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 522 EUR | 522 EUR |
| 2022 | 2 | 2,297 EUR | 2,297 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,238 companies in sector 47789 we hold annual accounts for 1,019. 740 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
Founded20-09-2000
Fiscal year end31-12
Trade name NL
Marc-Timmermans.be
Activities, NACEBEL 2025
47789Other retail sale of new goods
Scores and ratios are computed by Checked and are not a credit decision.