Skip to content

ERGOS

Active
Private limited companyfounded 199036 yrs activeKortrijksestraat 41, 8520 Kuurne, BelgiumKBO/BCE: BE 0440.998.919
Summary

ERGOS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €107,777 and a net result of €8,068. Equity remains stable across the filed fiscal years (±0.5% per year). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability77▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.64 against 0.95 in 2023; short-term debt: 17.2% and cash: 7% of total assets), and 17.2% of the assets are financed with debt.
Credit check for your own amount and term

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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · 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
highest failure risk from 2 to 8 years 36 years 0 40 y
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €107,777
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
38 d early
2023
37 d early
2022
33 d early
2021
17 d late
2020
33 d early
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

ERGOS was incorporated on 30 May 1990.1 Total assets fell from EUR 199,852 in 2018 to EUR 130,096 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
€107,777▲ 8.1%
2023 · €99,708
Total assets
€130,096▼ 1.2%
2023 · €131,619
Net result
€8,068▲ 49.6%
2023 · €5,395
Working capital
€14,270
2023 · -€1,450
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
Line20202021202220232024
Operating result-€3,012▼ 202%-€1,054▲ 65.0%€864€5,523▲ 539%€8,194▲ 48.4%
Net result-€3,094▼ 158%-€1,150▲ 62.8%€762€5,395▲ 608%€8,068▲ 49.6%
Equity€94,702▼ 3.2%€93,552▼ 1.2%€94,314▲ 0.8%€99,708▲ 5.7%€107,777▲ 8.1%
Total assets€165,028▼ 8.3%€156,801▼ 5.0%€147,295▼ 6.1%€131,619▼ 10.6%€130,096▼ 1.2%
Debt€70,326▼ 14.5%€63,250▼ 10.1%€52,981▼ 16.2%€31,911▼ 39.8%€22,320▼ 30.1%
Working capital-€41,902▲ 19.6%-€34,979▲ 16.5%-€18,688▲ 46.6%-€1,450▲ 92.2%€14,270
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000Operating result 2020: -€3,012-€3,012Net result 2020: -€3,094-€3,094Operating result 2021: -€1,054-€1,054Net result 2021: -€1,150-€1,150Operating result 2022: €864€864Net result 2022: €762€762Operating result 2023: €5,523€5,523Net result 2023: €5,395€5,395Operating result 2024: €8,194€8,194Net result 2024: €8,068€8,06820202021202220232024€0€2,500€5,000€7,500Operating result 2022: €864€864Net result 2022: €762€762Operating result 2023: €5,523€5,520Net result 2023: €5,395€5,390Operating result 2024: €8,194€8,190Net result 2024: €8,068€8,070202220232024
The operating result has risen four years in a row; 2024 is 48% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €130,096
Fixed assets €93,506 ▼ 7.6%
Current assets €36,590 ▲ 20.1%
Equity and liabilities €130,096
Equity €107,777 ▲ 8.1%
Debt €22,320 ▼ 30.1%
Debt's share of the balance-sheet total falls from 24.2% to 17.2%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€15,846▼
2023 · €17,367
Cash flow
€15,720▼
2023 · €17,239
Current ratio
1.64▲
2023 · 0.95
Debt to equity
0.21▼
2023 · 0.32
ROE
7.5%▲
2023 · 5.4%
ROA
6.2%▲
2023 · 4.1%
Interest coverage
125.65▼
2023 · 134.63
Debt ≤ 1 year
€22,320▼
2023 · €31,911
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 31,324 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 30 lines
Balance sheet Code20232024
Assets
Total assets20/58€131,619€130,096▼
Fixed assets21/28€101,158€93,506▼
Tangible fixed assets22/27€101,158€93,506▼
Land and buildings22€75,466€67,814▼
Plant, machinery and equipment23€25,692€25,692=
Current assets29/58€30,461€36,590▲
Cash at bank and in hand54/58€3,977€9,078▲
Deferred charges and accrued income490/1€26,484€27,512▲
Equity and liabilities
Total equity and liabilities10/49€131,619€130,096▼
Equity10/15€99,708€107,777▲
Contributions10/11€111,552€111,552=
Profit (loss) carried forward14-€11,844-€3,776▲
Amounts payable17/49€31,911€22,320▼
Amounts payable within one year42/48€31,911€22,320▼
Trade debts44-€876
Suppliers440/4-€876
Other amounts payable47/48€31,911€21,443▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,844€7,651▼
Other operating charges640/8€2,568€2,679▲
Gross operating margin9900€19,936€18,524▼
Operating profit (loss)9901€5,523€8,194▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€129€126▼
Recurring financial charges65€129€126▼
Profit (loss) for the period before taxes9903€5,395€8,068▲
Profit (loss) for the period9904€5,395€8,068▲
Profit (loss) for the period to be appropriated9905€5,395€8,068▲
Appropriation of the result
Profit (loss) to be appropriated9906-€11,844-€3,776▲
Profit (loss) brought forward from the previous period14P-€17,238-€11,844▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,095€15,360€15,529€11,844€7,651▼ 35.4%
Other operating charges640/8-€2,593€2,356€2,568€2,679▲ 4.3%
Gross operating margin9900€14,655€16,899€18,749€19,936€18,524▼ 7.1%
Operating profit (loss)9901-€3,012-€1,054€864€5,523€8,194▲ 48.4%
Financial income75/76B---€0€0▼ 100%
Recurring financial income75---€0€0▼ 100%
Financial charges65/66B-€96€102€129€126▼ 2.2%
Recurring financial charges65€82€96€102€129€126▼ 2.2%
Profit (loss) for the period before taxes9903-€3,094-€1,150€762€5,395€8,068▲ 49.6%
Profit (loss) for the period9904-€3,094-€1,150€762€5,395€8,068▲ 49.6%
Profit (loss) for the period to be appropriated9905-€3,094-€1,150€762€5,395€8,068▲ 49.6%
Line20202021202220232024Change
Assets
Total assets20/58€165,028€156,801€147,295€131,619€130,096▼ 1.2%
Fixed assets21/28€136,604€128,531€113,002€101,158€93,506▼ 7.6%
Tangible fixed assets22/27€136,604€128,531€113,002€101,158€93,506▼ 7.6%
Land and buildings22-€102,839€87,310€75,466€67,814▼ 10.1%
Plant, machinery and equipment23-€25,692€25,692€25,692€25,692=
Current assets29/58€28,424€28,270€34,293€30,461€36,590▲ 20.1%
Cash at bank and in hand54/58€2,533€2,865€8,850€3,977€9,078▲ 128%
Deferred charges and accrued income490/1-€25,405€25,443€26,484€27,512▲ 3.9%
Equity and liabilities
Total equity and liabilities10/49€165,028€156,801€147,295€131,619€130,096▼ 1.2%
Equity10/15€94,702€93,552€94,314€99,708€107,777▲ 8.1%
Contributions10/11-€111,552€111,552€111,552€111,552=
Profit (loss) carried forward14-€16,850-€18,000-€17,238-€11,844-€3,776▲ 68.1%
Amounts payable17/49€70,326€63,250€52,981€31,911€22,320▼ 30.1%
Amounts payable within one year42/48€70,326€63,250€52,981€31,911€22,320▼ 30.1%
Trade debts44€707€111€0-€876-
Suppliers440/4-€111€0-€876-
Other amounts payable47/48-€63,139€52,981€31,911€21,443▼ 32.8%
Line20202021202220232024Change
Profit (loss) for the period9904-€3,094-€1,150€762€5,395€8,068▲ 49.6%
+ Depreciation and write-downs630€15,095€15,360€15,529€11,844€7,651▼ 35.4%
Operating cash flow (approximation)€12,001€14,210€16,291€17,239€15,720▼ 8.8%
Investment in fixed assets (approximation)--€7,288€0€0€0-
Change in cash-€333€5,984-€4,873€5,101▲ 205%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Equity above €100,000Eq €107,777 ▲8.1%
3 profitable years in a row build equity to €107,777.
24-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €762
Net result €762 after 3 loss-making years.
17-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
28-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Weakest financial yearnet -€3,094
Net result drops to -€3,094, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
02-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
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 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Kuurne · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
152 m²
Building footprint
135 m²
Volume, LiDAR
932 m³
Parcel 34023C0344/00Z008, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kortrijksestraat 41, 8520 Kuurne
Insurance, reinsurance and pension funding, except compulsory social security
since 19902.050.336.510
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34023C0344/00Z008 Flanders 152 m² 1 · 135 m² 11.8 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded30-05-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.