ERGOLI

Active

Private limited companyfounded 201016 yrs activeMechelsesteenweg 8, 2840 Rumst, BelgiumKBO/BCE: BE 0823.153.282

ERGOLI has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €525k and a net result of €105k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 68% of 9576 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2024

91 / 100

Excellent▲ +43 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency90▲+14

Growth78=

Stability100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €50k at 30 days acceptable

Liquidity ample (current ratio 1.65 against 1.36 in 2023), and 45% of the assets are financed with debt.

How do we compute the score and the probability?

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

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

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

55%

Return on assets

11%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

45 d early

2023

50 d early

2022

55 d early

2021

40 d early

2020

38 d early

2019

1 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€525k▲ 18.6%

2023 · €443k

2018: €111k 2019: €178k 2020: €285k 2021: €426k 2022: €452k 2023: €443k

2018 → 2024

Total assets

€955k▼ 4.0%

2023 · €996k

2018: €942k 2019: €841k 2020: €803k 2021: €746k 2022: €720k 2023: €996k

2018 → 2024

Net result

€105k

2023 · €-9k

2018: €-92k 2019: €-26k 2020: €108k 2021: €141k 2022: €26k 2023: €-9k

2018 → 2024

Working capital

€258k▲ 47.5%

2023 · €175k

2018: €-131k 2019: €41k 2020: €281k 2021: €421k 2022: €386k 2023: €175k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€285k-€426k▲ 49.6%€452k▲ 6.2%€443k▼ 2.1%€525k▲ 18.6%

Operating result€104k-€198k▲ 89.9%€1k▼ 99.4%€-22k€145k

Net result€108k-€141k▲ 31.1%€26k▼ 81.3%€-9k€105k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €145k after a loss of €22k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €955k

31.8%

68.2%

Fixed assets €303k▼ 10.1%

Current assets €652k▼ 0.9%

Equity and liabilities €955k

55.0%

42.3%

Equity €525k▲ 18.6%

Provisions €26k▼ 13.9%

Debt €404k▼ 22.6%

The debt ratio falls from 52.5% to 42.3%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€192k▲

2023 · €42k

Cash flow

€152k▲

2023 · €54k

Solvency

55.0%▲

2023 · 44.5%

Current ratio

1.65▲

2023 · 1.36

Quick ratio

0.43▲

2023 · 0.40

Debt / equity

0.77▼

2023 · 1.18

ROE

20.0%▲

2023 · -2.1%

ROA

11.0%▲

2023 · -0.9%

Interest coverage

23.78▲

2023 · 4.43

Debt

€404k▼

2023 · €522k

Debt ≤ 1 year

€394k▼

2023 · €483k

Debt > 1 year

€10k▼

2023 · €39k

Income taxes

€53k▲

2023 · €523

Staff costs

€262k▼

2023 · €277k

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€996k€955k▼

Fixed assets21/28€338k€303k▼

Tangible fixed assets22/27€338k€303k▼

Land and buildings22€0-

Plant, machinery and equipment23€270k€261k▼

Furniture and vehicles24€67k€42k▼

Other tangible fixed assets26€0-

Current assets29/58€658k€652k▼

Stocks and contracts in progress3€466k€481k▲

Stocks30/36€466k€481k▲

Amounts receivable within one year40/41€134k€94k▼

Trade receivables40€110k€94k▼

Other amounts receivable41€24k€192▼

Cash at bank and in hand54/58€43k€53k▲

Deferred charges and accrued income490/1€15k€24k▲

Equity and liabilities

Total equity and liabilities10/49€996k€955k▼

Equity10/15€443k€525k▲

Contributions10/11€10k€10k=

Reserves13€433k€515k▲

Tax-exempt reserves132€91k€79k▼

Distributable reserves133€341k€436k▲

Profit (loss) carried forward14-€0

Provisions and deferred taxes16€30k€26k▼

Deferred taxes168€30k€26k▼

Amounts payable17/49€522k€404k▼

Amounts payable after more than one year17€39k€10k▼

Financial debts170/4€39k€10k▼

Amounts payable within one year42/48€483k€394k▼

Current portion of amounts payable after more than one year42€28k€29k▲

Financial debts43€80k€83k▲

Credit institutions430/8€80k€83k▲

Trade debts44€238k€171k▼

Suppliers440/4€238k€171k▼

Taxes, remuneration and social security45€41k€52k▲

Taxes450/3€14k€28k▲

Remuneration and social security454/9€27k€24k▼

Other amounts payable47/48€96k€60k▼

Accrued charges and deferred income492/3€0-

Income statement Code20232024

Remuneration, social security and pensions62€277k€262k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€47k▼

Other operating charges640/8€3k€3k▲

Non-recurring operating charges66A-€11k

Gross operating margin9900€321k€469k▲

Operating profit (loss)9901€-22k€145k▲

Financial income75/76B€20k€17k▼

Recurring financial income75€20k€17k▼

Financial charges65/66B€9k€8k▼

Recurring financial charges65€9k€8k▼

Profit (loss) for the period before taxes9903€-11k€154k▲

Transfer from deferred taxes780€2k€4k▲

Income taxes67/77€523€53k▲

Profit (loss) for the period9904€-9k€105k▲

Transfer from tax-exempt reserves789€6k€13k▲

Profit (loss) for the period to be appropriated9905€-4k€118k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-4k€155k▲

Profit (loss) brought forward from the previous period14P-€37k

Transfer from equity791/2€4k€0▼

Transfer to equity691/2€0€95k▲

To other reserves6921€0€95k▲

Profit to be distributed694/7-€60k

Directors or managers695-€60k

Social balance

Average headcount (FTE)90874.94.6▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Financial 6Filings 10

2025

16-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €105k

Net result €105k after one loss-making year.

31-12

Financial Equity above €500kEq €525k ▲18.6%

Equity rises from €443k to €525k.

11-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

06-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

21-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Highest result since 2018net €141k ▲31.1%

Operating result €198k, net result €141k, both a record.

23-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Back to profitnet €108k

Net result €108k after 2 loss-making years.

31-12

Financial Equity above €200kEq €285k ▲59.9%

Equity rises from €178k to €285k.

30-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

31-12

Financial Equity above €150kEq €178k ▲60.1%

Equity rises from €111k to €178k.

01-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

06-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

06-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

01-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

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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