ERGON
ActiveSummary
ERGON has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €363,876 and a net result of €123,633. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 46% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+29
Solvency59▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.33 in 2023; short-term debt: 60.4% and cash: 0.5% of total assets), and 66% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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
54 d late
2023
26 d late
2022
29 d late
2021
19 d late
2020
26 d late
2019
1 d early
← 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 26 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€363,876▲ 51.5%
2023 · €240,243
Total assets
€1.1m▲ 17.3%
2023 · €912,008
Net result
€123,633▲ 216%
2023 · €39,146
Working capital
-€254,179▲ 38.4%
2023 · -€412,650
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result€886-€19,328-€34,871▼ 80.4%€68,236€147,123▲ 116%
Net result€716within the sector's middle half-€19,533below the sector's middle half-€55,251below the sector's middle half▼ 183%€39,146above the sector's middle half€123,633above the sector's middle half▲ 216%
Equity€275,881above the sector's middle half▲ 0.3%€256,348above the sector's middle half▼ 7.1%€201,096above the sector's middle half▼ 21.6%€240,243above the sector's middle half▲ 19.5%€363,876above the sector's middle half▲ 51.5%
Total assets€939,665above the sector's middle half▲ 0.5%€910,416above the sector's middle half▼ 3.1%€839,930above the sector's middle half▼ 7.7%€912,008above the sector's middle half▲ 8.6%€1.1mabove the sector's middle half▲ 17.3%
Debt€663,784▲ 0.5%€654,069▼ 1.5%€638,833▼ 2.3%€671,765▲ 5.2%€705,860▲ 5.1%
Working capital-€425,906below the sector's middle half▲ 10.4%-€423,585below the sector's middle half▲ 0.5%-€486,635below the sector's middle half▼ 14.9%-€412,650below the sector's middle half▲ 15.2%-€254,179below the sector's middle half▲ 38.4%
Solvency29.4%within the sector's middle half▼ 0.1pp28.2%within the sector's middle half▼ 1.2pp23.9%within the sector's middle half▼ 4.2pp26.3%within the sector's middle half▲ 2.4pp34.0%within the sector's middle half▲ 7.7pp
Current ratio0.22below the sector's middle half▲ 0.070.23below the sector's middle half▲ 0.010.16below the sector's middle half▼ 0.070.33below the sector's middle half▲ 0.170.61below the sector's middle half▲ 0.28
Return on assets (ROA)0.1%within the sector's middle half▲ 4.6pp-2.1%below the sector's middle half▼ 2.2pp-6.6%below the sector's middle half▼ 4.4pp4.3%within the sector's middle half▲ 10.9pp11.6%within the sector's middle half▲ 7.3pp
Staff (FTE)2.2within the sector's middle half▼ 40.5%2.1▼ 4.5%1.8▼ 14.3%1.3▼ 27.8%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 2022 the operating result has climbed two years in a row; 2024 is 116% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€678,116 ▼ 4.9%
Current assets
€391,619 ▲ 96.7%
Equity and liabilities €1.1m
Equity
€363,876 ▲ 51.5%
Debt
€705,860 ▲ 5.1%
Debt's share of the balance-sheet total falls from 73.7% to 66.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€181,961▲
2023 · €103,074
Cash flow
€158,471▲
2023 · €73,985
Debt to equity
1.94▼
2023 · 2.80
ROE
34.0%▲
2023 · 16.3%
Interest coverage
9.41▲
2023 · 3.54
Debt ≤ 1 year
€645,798▲
2023 · €611,704
Debt > 1 year
€60,062=
2023 · €60,062
Income taxes
€4,158
Staff costs
-€109▼
2023 · €65,265
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 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% | 1.9% |
| 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 20,134 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €112,724 | €100,583 | €65,265 | -€109 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,165 | €35,165 | €34,898 | €34,838 | €34,838 | = |
| Other operating charges640/8 | - | €4,131 | €12,039 | €12,130 | €12,679 | ▲ 4.5% |
| Gross operating margin9900 | €162,494 | €132,691 | €112,650 | €180,469 | €194,531 | ▲ 7.8% |
| Operating profit (loss)9901 | €886 | -€19,328 | -€34,871 | €68,236 | €147,123 | ▲ 116% |
| Financial charges65/66B | - | €205 | €20,380 | €29,089 | €19,332 | ▼ 33.5% |
| Recurring financial charges65 | €170 | €205 | €20,380 | €29,089 | €19,332 | ▼ 33.5% |
| Profit (loss) for the period before taxes9903 | €716 | -€19,533 | -€55,251 | €39,146 | €127,791 | ▲ 226% |
| Income taxes67/77 | - | - | - | - | €4,158 | - |
| Profit (loss) for the period9904 | €716 | -€19,533 | -€55,251 | €39,146 | €123,633 | ▲ 216% |
| Profit (loss) for the period to be appropriated9905 | €716 | -€19,533 | -€55,251 | €39,146 | €123,633 | ▲ 216% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €939,665 | €910,416 | €839,930 | €912,008 | €1.1m | ▲ 17.3% |
| Fixed assets21/28 | €817,856 | €782,691 | €747,793 | €712,954 | €678,116 | ▼ 4.9% |
| Tangible fixed assets22/27 | €817,856 | €782,691 | €747,793 | €712,954 | €678,116 | ▼ 4.9% |
| Land and buildings22 | - | €782,691 | €747,793 | €712,954 | €678,116 | ▼ 4.9% |
| Current assets29/58 | €121,809 | €127,725 | €92,137 | €199,054 | €391,619 | ▲ 96.7% |
| Amounts receivable within one year40/41 | €119,332 | €122,999 | €87,658 | €193,338 | €386,315 | ▲ 99.8% |
| Trade receivables40 | - | €79,601 | €87,158 | €115,987 | €384,772 | ▲ 232% |
| Other amounts receivable41 | - | €43,398 | €500 | €77,351 | €1,543 | ▼ 98.0% |
| Cash at bank and in hand54/58 | €2,065 | €4,393 | €4,479 | €5,312 | €4,880 | ▼ 8.1% |
| Deferred charges and accrued income490/1 | - | €333 | - | €404 | €424 | ▲ 4.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €939,665 | €910,416 | €839,930 | €912,008 | €1.1m | ▲ 17.3% |
| Equity10/15 | €275,881 | €256,348 | €201,096 | €240,243 | €363,876 | ▲ 51.5% |
| Contributions10/11 | €336,487 | €336,487 | €336,487 | €336,487 | €336,487 | = |
| Capital10 | - | €336,487 | €336,487 | €336,487 | €336,487 | = |
| Issued capital100 | - | €336,487 | €336,487 | €336,487 | €336,487 | = |
| Reserves13 | €3,099 | €3,099 | €3,099 | €3,099 | €27,389 | ▲ 784% |
| Non-distributable reserves130/1 | - | €3,099 | €3,099 | €3,099 | €4,313 | ▲ 39.2% |
| Legal reserve130 | - | €3,099 | €3,099 | €3,099 | €4,313 | ▲ 39.2% |
| Distributable reserves133 | - | - | - | - | €23,076 | - |
| Profit (loss) carried forward14 | -€63,704 | -€83,238 | -€138,489 | -€99,343 | - | - |
| Amounts payable17/49 | €663,784 | €654,069 | €638,833 | €671,765 | €705,860 | ▲ 5.1% |
| Amounts payable after more than one year17 | €102,759 | €102,759 | €60,062 | €60,062 | €60,062 | = |
| Financial debts170/4 | - | €102,759 | €60,062 | €60,062 | €60,062 | = |
| Amounts payable within one year42/48 | €547,715 | €551,310 | €578,771 | €611,704 | €645,798 | ▲ 5.6% |
| Trade debts44 | €15,076 | €28,840 | €40,544 | €32,528 | €32,485 | ▼ 0.1% |
| Suppliers440/4 | - | €28,840 | €40,544 | €32,528 | €32,485 | ▼ 0.1% |
| Advances received on contracts in progress46 | - | - | - | €34,792 | €32,444 | ▼ 6.7% |
| Taxes, remuneration and social security45 | - | €23,454 | €24,994 | €16,792 | €45,791 | ▲ 173% |
| Taxes450/3 | - | €5,795 | €8,574 | €14,818 | €45,791 | ▲ 209% |
| Remuneration and social security454/9 | - | €17,659 | €16,420 | €1,974 | - | - |
| Other amounts payable47/48 | - | €499,016 | €513,233 | €527,591 | €535,078 | ▲ 1.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €716 | -€19,533 | -€55,251 | €39,146 | €123,633 | ▲ 216% |
| + Depreciation and write-downs630 | €35,165 | €35,165 | €34,898 | €34,838 | €34,838 | = |
| Operating cash flow (approximation) | €35,881 | €15,631 | -€20,353 | €73,985 | €158,471 | ▲ 114% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,329 | €86 | €833 | -€432 | ▼ 152% |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Highest result since 2018net €123,633 ▲216%
Operating result €147,123, net result €123,633, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €39,146
Net result €39,146 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€55,251
Net result drops to -€55,251, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €716
Net result €716 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200,000Eq €275,165 ▲2,216%
Equity rises from €11,880 to €275,165.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
03-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 3 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, Antwerpen · 1 establishment unit since 1989
Ground area
1,058 m²
Building footprint
274 m²
Volume, LiDAR
1,657 m³
2 parcels, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rotsartlaan 21, 1852 Grimbergen
since 19892.043.670.828
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23005B0430/00E007 | Flanders | 955 m² | 1 · 187 m² | 7.0 m · 2 fl. |
| 11303B0425/00N016 | Flanders | 103 m² | 1 · 87 m² | 13.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,173 companies in sector 46499 we hold annual accounts for 743. 565 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-12-1988
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
47640Retail sale of games and toys
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436089531
Registered
08-01-2026
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.