ERGOSTAR
ActiveSummary
ERGOSTAR has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€4,432) and a net result of €819. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 15372 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability46▲+21
Solvency6▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.84 against 0.96 in 2023; short-term debt: 119.3% and cash: 100% of total assets), and equity is negative.
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Signals
Six 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-19.3%
Return on assets
3.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 15372 sector peers (2024).
NBB · sector comparisonPosition among 15372 sector peers
Solvency
better than 5%
← weakest
strongest →
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 03-06-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
57 d early
2022
46 d early
2021
51 d early
2020
32 d early
2019
53 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 50 days before the deadline; the sector median for financial year 2024 is 9 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
-€4,432▲ 15.6%
2023 · -€5,252
Total assets
€23,025▼ 4.4%
2023 · €24,096
Net result
€819
2023 · -€1,206
Working capital
-€4,432▼ 326%
2023 · -€1,041
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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€2,759€458▼ 83.4%-€672€64€859▲ 1,233%
Net result€2,720below the sector's middle half-€341below the sector's middle half-€1,577below the sector's middle half▼ 363%-€1,206below the sector's middle half▲ 23.5%€819below the sector's middle half
Equity-€2,128below the sector's middle half▲ 56.1%-€2,469below the sector's middle half▼ 16.0%-€4,046below the sector's middle half▼ 63.9%-€5,252below the sector's middle half▼ 29.8%-€4,432below the sector's middle half▲ 15.6%
Total assets€21,910below the sector's middle half▲ 21.4%€23,648below the sector's middle half▲ 7.9%€23,810below the sector's middle half▲ 0.7%€24,096below the sector's middle half▲ 1.2%€23,025below the sector's middle half▼ 4.4%
Debt€24,038▲ 5.0%€26,117▲ 8.6%€27,856▲ 6.7%€29,348▲ 5.4%€27,458▼ 6.4%
Working capital€1,698below the sector's middle half€1,357below the sector's middle half▼ 20.1%-€220below the sector's middle half-€1,041below the sector's middle half▼ 374%-€4,432below the sector's middle half▼ 326%
Solvency-9.7%below the sector's middle half▲ 17.2pp-10.4%below the sector's middle half▼ 0.7pp-17.0%below the sector's middle half▼ 6.6pp-21.8%below the sector's middle half▼ 4.8pp-19.3%below the sector's middle half▲ 2.5pp
Current ratio1.08below the sector's middle half▲ 0.141.06below the sector's middle half▼ 0.020.99below the sector's middle half▼ 0.070.96below the sector's middle half▼ 0.030.84below the sector's middle half▼ 0.12
Return on assets (ROA)12.4%within the sector's middle half▲ 17.5pp-1.4%below the sector's middle half▼ 13.9pp-6.6%below the sector's middle half▼ 5.2pp-5.0%below the sector's middle half▲ 1.6pp3.6%below the sector's middle half▲ 8.6pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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 1,233% above 2023.
Key figures and ratios
Debt to equity
-6.19▼
2023 · -5.59
Debt ≤ 1 year
€27,458▲
2023 · €25,138
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.5%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,338 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 1,448 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €695 | €495 | €652 | €737 | ▲ 13.1% |
| Non-recurring operating charges66A | - | - | - | €43 | - | - |
| Gross operating margin9900 | €3,157 | €1,153 | -€177 | €760 | €1,596 | ▲ 110% |
| Operating profit (loss)9901 | €2,759 | €458 | -€672 | €64 | €859 | ▲ 1,233% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | - | €799 | €905 | €1,270 | €40 | ▼ 96.9% |
| Recurring financial charges65 | €39 | €799 | €905 | €1,270 | €40 | ▼ 96.9% |
| Profit (loss) for the period before taxes9903 | €2,720 | -€341 | -€1,577 | -€1,206 | €819 | ▲ 168% |
| Profit (loss) for the period9904 | €2,720 | -€341 | -€1,577 | -€1,206 | €819 | ▲ 168% |
| Profit (loss) for the period to be appropriated9905 | €2,720 | -€341 | -€1,577 | -€1,206 | €819 | ▲ 168% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,910 | €23,648 | €23,810 | €24,096 | €23,025 | ▼ 4.4% |
| Current assets29/58 | €21,910 | €23,648 | €23,810 | €24,096 | €23,025 | ▼ 4.4% |
| Amounts receivable within one year40/41 | €2,541 | €1,031 | €242 | €242 | - | - |
| Trade receivables40 | - | €968 | €242 | €242 | - | - |
| Other amounts receivable41 | - | €63 | - | - | - | - |
| Cash at bank and in hand54/58 | €19,369 | €22,617 | €23,568 | €23,854 | €23,025 | ▼ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,910 | €23,648 | €23,810 | €24,096 | €23,025 | ▼ 4.4% |
| Equity10/15 | -€2,128 | -€2,469 | -€4,046 | -€5,252 | -€4,432 | ▲ 15.6% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €8,848 | €8,848 | €8,848 | €8,848 | €8,848 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €6,988 | €6,988 | €6,988 | €6,988 | = |
| Profit (loss) carried forward14 | -€29,568 | -€29,909 | -€31,486 | -€32,691 | -€31,872 | ▲ 2.5% |
| Amounts payable17/49 | €24,038 | €26,117 | €27,856 | €29,348 | €27,458 | ▼ 6.4% |
| Amounts payable after more than one year17 | €3,826 | €3,826 | €3,826 | €3,826 | - | - |
| Other amounts payable178/9 | - | €3,826 | €3,826 | €3,826 | - | - |
| Amounts payable within one year42/48 | €20,212 | €22,291 | €24,030 | €25,138 | €27,458 | ▲ 9.2% |
| Trade debts44 | €2,108 | €1,815 | €2,025 | €2,173 | €363 | ▼ 83.3% |
| Suppliers440/4 | - | €1,815 | €2,025 | €2,173 | €363 | ▼ 83.3% |
| Taxes, remuneration and social security45 | - | €227 | €341 | €578 | €292 | ▼ 49.5% |
| Taxes450/3 | - | €227 | €341 | €578 | €292 | ▼ 49.5% |
| Other amounts payable47/48 | - | €20,249 | €21,664 | €22,387 | €26,803 | ▲ 19.7% |
| Accrued charges and deferred income492/3 | - | - | - | €384 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,720 | -€341 | -€1,577 | -€1,206 | €819 | ▲ 168% |
| Operating cash flow (approximation) | €2,720 | -€341 | -€1,577 | -€1,206 | €819 | ▲ 168% |
| Change in cash | - | €3,248 | €951 | €287 | -€829 | ▼ 389% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €819
Net result €819 after 3 loss-making years.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2,720
Net result €2,720 after 2 loss-making years.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Lasne · 1 establishment unit since 1987
Ground area
764 m²
Building footprint
130 m²
Volume, LiDAR
717 m³
Parcel 25076D0165/00Y000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ERGOSTAR
since 19872.031.981.833
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076D0165/00Y000 ProtectedSite or landscape |
Wallonia | 764 m² | 1 · 130 m² | 7.9 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-12-1987
Fiscal year end31-12
Abbreviation FR
ERGO
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432675527
Registered
03-11-2025
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.