ERGOX
ActiveSummary
ERGOX has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €417k and a net result of €322k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 484 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+6
Solvency48▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 2.92 in 2024; short-term debt: 36.3% and cash: 26.1% of total assets), but 76.9% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.1%
Return on assets
17.8%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
6 d late
2023
on the day
2022
4 d early
2021
31 d late
2020
23 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, abbreviated schema
In the rankings
#10 company by total assets in Maaseik, Manufacturing sector
Equity
€417k▼ 22.3%
2024 · €537k
Total assets
€1.81M▲ 8.6%
2024 · €1.66M
Net result
€322k▲ 48.6%
2024 · €217k
Working capital
€453k▼ 34.1%
2024 · €687k
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
Line20212022202320242025
Operating result€136k▼ 43.2%€174k▲ 27.6%€173k▼ 0.5%€275k▲ 58.7%€427k▲ 55.1%
Net result€108k▼ 47.0%€132k▲ 21.8%€146k▲ 11.2%€217k▲ 48.1%€322k▲ 48.6%
Equity€449k▼ 29.3%€580k▲ 29.3%€726k▲ 25.2%€537k▼ 26.1%€417k▼ 22.3%
Total assets€1.14M▼ 14.8%€1.17M▲ 2.6%€1.37M▲ 17.8%€1.66M▲ 21.0%€1.81M▲ 8.6%
Debt€688k▼ 1.6%€586k▼ 14.8%€647k▲ 10.5%€1.13M▲ 73.8%€1.39M▲ 23.4%
Working capital€578k▼ 14.1%€617k▲ 6.8%€744k▲ 20.6%€687k▼ 7.7%€453k▼ 34.1%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.79M
Fixed assets
€677k ▲ 13.9%
Current assets
€1.11M ▲ 6.2%
Equity and liabilities €1.81M
Equity
€417k ▼ 22.3%
Debt
€1.39M ▲ 23.4%
Debt's share of the balance-sheet total rises from 67.7% to 76.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€494k▲
2024 · €356k
Cash flow
€389k▲
2024 · €298k
Current ratio
1.69▼
2024 · 2.92
Quick ratio
1.26▼
2024 · 1.79
Debt to equity
3.33▲
2024 · 2.10
ROE
77.2%▲
2024 · 40.4%
ROA
17.8%▲
2024 · 13.0%
Interest coverage
18.04▲
2024 · 15.45
Debt ≤ 1 year
€656k▲
2024 · €358k
Debt > 1 year
€452k▼
2024 · €470k
Income taxes
€78k▲
2024 · €64k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €118 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €87k | €65k | €61k | €81k | €67k | ▼ 17.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €107k | - | €-107k | - | - | - |
| Other operating charges640/8 | €3k | €4k | €4k | €6k | €3k | ▼ 58.2% |
| Non-recurring operating charges66A | - | - | - | €11k | - | - |
| Gross operating margin9900 | €334k | €243k | €132k | €374k | €496k | ▲ 32.8% |
| Operating profit (loss)9901 | €136k | €174k | €173k | €275k | €427k | ▲ 55.1% |
| Financial income75/76B | €1k | €1k | €16k | €31k | €817 | ▼ 97.3% |
| Recurring financial income75 | €1k | €1k | €16k | €16k | €817 | ▼ 94.9% |
| Non-recurring financial income76B | - | - | - | €15k | - | - |
| Financial charges65/66B | €15k | €15k | €10k | €25k | €27k | ▲ 10.2% |
| Recurring financial charges65 | €15k | €15k | €10k | €23k | €27k | ▲ 18.7% |
| Non-recurring financial charges66B | - | - | - | €2k | - | - |
| Profit (loss) for the period before taxes9903 | €122k | €161k | €179k | €281k | €400k | ▲ 42.4% |
| Income taxes67/77 | €15k | €29k | €33k | €64k | €78k | ▲ 21.5% |
| Profit (loss) for the period9904 | €108k | €132k | €146k | €217k | €322k | ▲ 48.6% |
| Profit (loss) for the period to be appropriated9905 | €108k | €132k | €146k | €217k | €322k | ▲ 48.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.14M | €1.17M | €1.37M | €1.66M | €1.81M | ▲ 8.6% |
| Formation expenses20 | €2k | - | - | €23k | €20k | ▼ 14.8% |
| Fixed assets21/28 | €326k | €288k | €327k | €594k | €677k | ▲ 13.9% |
| Intangible fixed assets21 | - | - | €27k | €28k | €60k | ▲ 111% |
| Tangible fixed assets22/27 | €318k | €288k | €300k | €566k | €617k | ▲ 9.0% |
| Land and buildings22 | €152k | €154k | €200k | €489k | €470k | ▼ 3.9% |
| Plant, machinery and equipment23 | €19k | €19k | €25k | €29k | €43k | ▲ 47.6% |
| Furniture and vehicles24 | €55k | €42k | €21k | €7k | €75k | ▲ 1,016% |
| Leasing and similar rights25 | €13k | €6k | - | - | - | - |
| Other tangible fixed assets26 | €79k | €67k | €54k | €41k | €29k | ▼ 29.9% |
| Financial fixed assets28 | €8k | - | - | - | - | - |
| Current assets29/58 | €809k | €878k | €1.05M | €1.04M | €1.11M | ▲ 6.2% |
| Amounts receivable after more than one year29 | - | €8k | €8k | €8k | €8k | = |
| Other amounts receivable291 | - | €8k | €8k | €8k | €8k | = |
| Stocks and contracts in progress3 | €235k | €455k | €404k | €404k | €284k | ▼ 29.8% |
| Stocks30/36 | €235k | €455k | €404k | €404k | €284k | ▼ 29.8% |
| Amounts receivable within one year40/41 | €211k | €145k | €414k | €306k | €310k | ▲ 1.3% |
| Trade receivables40 | €176k | €92k | €335k | €290k | €231k | ▼ 20.2% |
| Other amounts receivable41 | €35k | €52k | €80k | €16k | €79k | ▲ 385% |
| Current investments50/53 | €25k | €25k | €25k | €25k | €25k | = |
| Cash at bank and in hand54/58 | €334k | €241k | €187k | €292k | €472k | ▲ 61.4% |
| Deferred charges and accrued income490/1 | €3k | €4k | €8k | €10k | €11k | ▲ 16.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.14M | €1.17M | €1.37M | €1.66M | €1.81M | ▲ 8.6% |
| Equity10/15 | €449k | €580k | €726k | €537k | €417k | ▼ 22.3% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | €10k | €10k | €10k | €10k | €10k | = |
| Reserves not available under the articles1311 | €10k | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €289k | €420k | €566k | €377k | €257k | ▼ 31.7% |
| Investment grants15 | €50k | €50k | €50k | €50k | €50k | = |
| Amounts payable17/49 | €688k | €586k | €647k | €1.13M | €1.39M | ▲ 23.4% |
| Amounts payable after more than one year17 | €205k | €157k | €123k | €470k | €452k | ▼ 3.7% |
| Financial debts170/4 | €205k | €157k | €123k | €470k | €452k | ▼ 3.7% |
| Amounts payable within one year42/48 | €231k | €261k | €303k | €358k | €656k | ▲ 83.4% |
| Current portion of amounts payable after more than one year42 | €61k | €41k | €33k | €69k | €75k | ▲ 8.2% |
| Financial debts43 | €2k | €8k | €8k | €8k | €8k | = |
| Credit institutions430/8 | €2k | €8k | €8k | €8k | €8k | = |
| Trade debts44 | €113k | €182k | €248k | €257k | €299k | ▲ 16.2% |
| Suppliers440/4 | €113k | €182k | €248k | €257k | €299k | ▲ 16.2% |
| Taxes, remuneration and social security45 | - | €7k | €12k | €7k | - | - |
| Taxes450/3 | - | €7k | €12k | €7k | - | - |
| Other amounts payable47/48 | €55k | €22k | €985 | €16k | €274k | ▲ 1,648% |
| Accrued charges and deferred income492/3 | €253k | €168k | €222k | €298k | €280k | ▼ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €108k | €132k | €146k | €217k | €322k | ▲ 48.6% |
| + Depreciation and write-downs630 | €87k | €65k | €61k | €81k | €67k | ▼ 17.5% |
| Operating cash flow (approximation) | €195k | €197k | €208k | €298k | €389k | ▲ 30.6% |
| Investment in fixed assets (approximation) | - | €-28k | €-100k | €-348k | €-149k | ▲ 57.0% |
| Change in cash | - | €-93k | €-54k | €105k | €179k | ▲ 70.5% |
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
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €322k ▲48.6%
Operating result €427k, net result €322k, both a record.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500kEq €580k ▲29.3%
5 profitable years in a row build equity to €580k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €108k ▼47%
Net result drops to €108k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500kEq €635k ▲28%
3 profitable years in a row build equity to €635k.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 6 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Maaseik · 1 establishment unit since 2014
Ground area
3,172 m²
Parcel 72021B0238/00P000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ERGOX
since 20142.226.544.928
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021B0238/00P000 | Flanders | 3,172 m² | - | - |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 52,088 EUR awarded · 2,088 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 50,000 EUR | 0 EUR |
| 2024 | 1 | 2,088 EUR | 2,088 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
254900W00B9IIOFUVS49
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Of 1,226 companies in sector 33200 we hold annual accounts for 677. 472 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
Founded13-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
26400Manufacture of computer, electronic and optical products
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.