ERGO SUM
ActiveSummary
ERGO SUM has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €83,278 and a net result of €3,702. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 82% of 2546 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.66 in 2023; short-term debt: 12.7% and cash: 5.7% of total assets), and 19% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
146 d late
2022
59 d late
2021
30 d late
2020
11 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 66 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€83,278▼ 4.0%
2023 · €86,719
Total assets
€102,793▼ 6.5%
2023 · €109,914
Net result
€3,702▼ 49.9%
2023 · €7,386
Working capital
€13,597▲ 25.3%
2023 · €10,851
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€13,283▲ 24.0%€7,868▼ 40.8%€8,294▲ 5.4%€10,868▲ 31.0%€5,445▼ 49.9%
Net result€8,323within the sector's middle half▲ 65.2%€4,204within the sector's middle half▼ 49.5%€4,999within the sector's middle half▲ 18.9%€7,386within the sector's middle half▲ 47.8%€3,702within the sector's middle half▼ 49.9%
Equity€84,129within the sector's middle half▲ 11.0%€88,333within the sector's middle half▲ 5.0%€93,332within the sector's middle half▲ 5.7%€86,719within the sector's middle half▼ 7.1%€83,278within the sector's middle half▼ 4.0%
Total assets€137,979within the sector's middle half▼ 4.1%€130,225within the sector's middle half▼ 5.6%€122,861within the sector's middle half▼ 5.7%€109,914within the sector's middle half▼ 10.5%€102,793within the sector's middle half▼ 6.5%
Debt€51,214▼ 21.5%€39,417▼ 23.0%€27,216▼ 31.0%€21,044▼ 22.7%€17,525▼ 16.7%
Working capital€20,597within the sector's middle half▲ 19.2%€19,148within the sector's middle half▼ 7.0%€17,809within the sector's middle half▼ 7.0%€10,851within the sector's middle half▼ 39.1%€13,597within the sector's middle half▲ 25.3%
Solvency61.0%within the sector's middle half▲ 8.3pp67.8%within the sector's middle half▲ 6.9pp76.0%above the sector's middle half▲ 8.1pp78.9%above the sector's middle half▲ 2.9pp81.0%above the sector's middle half▲ 2.1pp
Current ratio2.30within the sector's middle half▲ 0.382.21within the sector's middle half▼ 0.092.10within the sector's middle half▼ 0.111.66within the sector's middle half▼ 0.442.04within the sector's middle half▲ 0.39
Return on assets (ROA)6.0%within the sector's middle half▲ 2.5pp3.2%within the sector's middle half▼ 2.8pp4.1%within the sector's middle half▲ 0.8pp6.7%within the sector's middle half▲ 2.7pp3.6%within the sector's middle half▼ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, 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
The operating result falls in 2024; 2024 is 50% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €102,793
Fixed assets
€76,171 ▼ 7.7%
Current assets
€26,622 ▼ 2.8%
Equity and liabilities €102,793
Equity
€83,278 ▼ 4.0%
Provisions
€1,990 ▼ 7.5%
Debt
€17,525 ▼ 16.7%
Debt's share of the balance-sheet total falls from 19.1% to 17.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,793▼
2023 · €17,215
Cash flow
€10,050▼
2023 · €13,734
Debt to equity
0.21▼
2023 · 0.24
ROE
4.4%▼
2023 · 8.5%
Interest coverage
35.12▲
2023 · 16.87
Debt ≤ 1 year
€13,025▼
2023 · €16,544
Debt > 1 year
€4,500=
2023 · €4,500
Income taxes
€1,568▼
2023 · €2,623
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,040 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,348 | €6,348 | €6,348 | €6,348 | €6,348 | = |
| Other operating charges640/8 | - | €1,395 | €1,778 | €1,758 | €3,126 | ▲ 77.8% |
| Gross operating margin9900 | €21,363 | €15,611 | €16,419 | €18,974 | €14,918 | ▼ 21.4% |
| Operating profit (loss)9901 | €13,283 | €7,868 | €8,294 | €10,868 | €5,445 | ▼ 49.9% |
| Financial charges65/66B | - | €2,361 | €1,703 | €1,020 | €336 | ▼ 67.1% |
| Recurring financial charges65 | €3,068 | €2,361 | €1,703 | €1,020 | €336 | ▼ 67.1% |
| Profit (loss) for the period before taxes9903 | €10,215 | €5,507 | €6,591 | €9,847 | €5,109 | ▼ 48.1% |
| Transfer from deferred taxes780 | - | €161 | €161 | €161 | €161 | = |
| Income taxes67/77 | €2,053 | €1,464 | €1,753 | €2,623 | €1,568 | ▼ 40.2% |
| Profit (loss) for the period9904 | €8,323 | €4,204 | €4,999 | €7,386 | €3,702 | ▼ 49.9% |
| Transfer from tax-exempt reserves789 | - | €485 | €485 | €485 | €485 | = |
| Profit (loss) for the period to be appropriated9905 | €8,807 | €4,689 | €5,483 | €7,871 | €4,187 | ▼ 46.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137,979 | €130,225 | €122,861 | €109,914 | €102,793 | ▼ 6.5% |
| Fixed assets21/28 | €101,561 | €95,214 | €88,866 | €82,518 | €76,171 | ▼ 7.7% |
| Tangible fixed assets22/27 | €101,561 | €95,214 | €88,866 | €82,518 | €76,171 | ▼ 7.7% |
| Land and buildings22 | - | €95,214 | €88,866 | €82,518 | €76,171 | ▼ 7.7% |
| Current assets29/58 | €36,418 | €35,011 | €33,995 | €27,395 | €26,622 | ▼ 2.8% |
| Amounts receivable within one year40/41 | €35,386 | €34,407 | €33,357 | €27,206 | €20,757 | ▼ 23.7% |
| Trade receivables40 | - | €9,185 | €1,271 | - | €1,271 | - |
| Other amounts receivable41 | - | €25,222 | €32,086 | €27,206 | €19,486 | ▼ 28.4% |
| Cash at bank and in hand54/58 | €1,032 | €604 | €638 | €189 | €5,865 | ▲ 3,003% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137,979 | €130,225 | €122,861 | €109,914 | €102,793 | ▼ 6.5% |
| Equity10/15 | €84,129 | €88,333 | €93,332 | €86,719 | €83,278 | ▼ 4.0% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Other1109/19 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €9,774 | €9,290 | €8,805 | €8,320 | €7,836 | ▼ 5.8% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Tax-exempt reserves132 | - | €7,430 | €6,946 | €6,461 | €5,977 | ▼ 7.5% |
| Distributable reserves133 | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €55,763 | €60,452 | €65,935 | €59,806 | €56,850 | ▼ 4.9% |
| Provisions and deferred taxes16 | €2,635 | €2,474 | €2,313 | €2,151 | €1,990 | ▼ 7.5% |
| Deferred taxes168 | - | €2,474 | €2,313 | €2,151 | €1,990 | ▼ 7.5% |
| Amounts payable17/49 | €51,214 | €39,417 | €27,216 | €21,044 | €17,525 | ▼ 16.7% |
| Amounts payable after more than one year17 | €35,393 | €23,554 | €11,030 | €4,500 | €4,500 | = |
| Financial debts170/4 | - | €19,054 | €6,530 | - | - | - |
| Other amounts payable178/9 | - | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Amounts payable within one year42/48 | €15,821 | €15,863 | €16,185 | €16,544 | €13,025 | ▼ 21.3% |
| Current portion of amounts payable after more than one year42 | - | €11,839 | €12,524 | €6,530 | - | - |
| Trade debts44 | €76 | €236 | €176 | €507 | €427 | ▼ 15.9% |
| Suppliers440/4 | - | €236 | €176 | €507 | €427 | ▼ 15.9% |
| Taxes, remuneration and social security45 | - | €3,658 | €3,356 | €8,576 | €6,487 | ▼ 24.4% |
| Taxes450/3 | - | €3,658 | €3,356 | €8,576 | €6,487 | ▼ 24.4% |
| Other amounts payable47/48 | - | €130 | €130 | €930 | €6,112 | ▲ 557% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,323 | €4,204 | €4,999 | €7,386 | €3,702 | ▼ 49.9% |
| + Depreciation and write-downs630 | €6,348 | €6,348 | €6,348 | €6,348 | €6,348 | = |
| Operating cash flow (approximation) | €14,670 | €10,552 | €11,346 | €13,734 | €10,050 | ▼ 26.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€427 | €34 | -€449 | €5,676 | ▲ 1,364% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 146 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Highest result since 2018net €8,323 ▲65.2%
Net result €8,323, the highest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Back to profitnet €5,037
Net result €5,037 after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 1998
Ground area
263 m²
Building footprint
101 m²
Volume, LiDAR
949 m³
Parcel 25386B0088/00C007, Wallonia · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Emile Verhaeren 14, 1348 Ottignies-Louvain-la-Neuve
since 19982.086.244.821
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0088/00C007 | Wallonia | 263 m² | 1 · 101 m² | 13.0 m · 3 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 152 companies in sector 85409 we hold annual accounts for 16. 7 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
Founded11-03-1998
Fiscal year end31-12
Activities, NACEBEL 2025
85409Education
69109Other legal services
69209Other tax advisory services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462852623
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.