ERGU
ActiveSummary
The computed 12-month bankruptcy probability of ERGU is 2.0% (moderate). The 2025 annual accounts show equity of €65,726 and a net result of €4,927. Equity is growing by ~39.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 7564 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-25
Solvency94▼-6
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 3.19 against 4.38 in 2024; short-term debt: 31.2% and cash: 13% of total assets), and 31.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
68.8%
Return on assets
5.2%
Age of the figures
9 mo
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 19-07-2026, 12 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
12 d early
2024
27 d late
2023
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 13 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 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 trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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 2025, micro schema
Equity
€65,726▲ 8.1%
2024 · €60,798
Total assets
€95,550▲ 21.4%
2024 · €78,718
Net result
€4,927▼ 88.6%
2024 · €43,269
Working capital
€65,433▲ 9.8%
2024 · €59,598
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
Line202320242025
Operating result€20,418-€53,148▲ 160%€6,943▼ 86.9%
Net result€16,030-€43,269▲ 170%€4,927▼ 88.6%
Equity€17,530-€60,798▲ 247%€65,726▲ 8.1%
Total assets€60,555-€78,718▲ 30.0%€95,550▲ 21.4%
Debt€43,025-€17,920▼ 58.4%€29,824▲ 66.4%
Working capital€14,382-€59,598▲ 314%€65,433▲ 9.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 87% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,550
Fixed assets
€293 ▼ 80.5%
Current assets
€95,257 ▲ 23.4%
Equity and liabilities €95,550
Equity
€65,726 ▲ 8.1%
Debt
€29,824 ▲ 66.4%
Debt's share of the balance-sheet total rises from 22.8% to 31.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8,150▼
2024 · €54,795
Cash flow
€6,135▼
2024 · €44,915
Current ratio
3.19▼
2024 · 4.38
Debt to equity
0.45▲
2024 · 0.29
ROE
7.5%▼
2024 · 71.2%
ROA
5.2%▼
2024 · 55.0%
Interest coverage
18.17▼
2024 · 127.59
Debt ≤ 1 year
€29,824▲
2024 · €17,620
Income taxes
€1,594▼
2024 · €10,851
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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 39,275 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,871 | €1,646 | €1,208 | ▼ 26.7% |
| Other operating charges640/8 | €1,540 | - | €1,001 | - |
| Gross operating margin9900 | €23,829 | €54,795 | €9,151 | ▼ 83.3% |
| Operating profit (loss)9901 | €20,418 | €53,148 | €6,943 | ▼ 86.9% |
| Financial income75/76B | €8 | €1,401 | €27 | ▼ 98.0% |
| Recurring financial income75 | €8 | €1,401 | €27 | ▼ 98.0% |
| Financial charges65/66B | €356 | €429 | €449 | ▲ 4.5% |
| Recurring financial charges65 | €356 | €429 | €449 | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | €20,070 | €54,120 | €6,522 | ▼ 87.9% |
| Income taxes67/77 | €4,041 | €10,851 | €1,594 | ▼ 85.3% |
| Profit (loss) for the period9904 | €16,030 | €43,269 | €4,927 | ▼ 88.6% |
| Profit (loss) for the period to be appropriated9905 | €16,030 | €43,269 | €4,927 | ▼ 88.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €60,555 | €78,718 | €95,550 | ▲ 21.4% |
| Fixed assets21/28 | €3,147 | €1,501 | €293 | ▼ 80.5% |
| Tangible fixed assets22/27 | €3,069 | €1,423 | €215 | ▼ 84.9% |
| Furniture and vehicles24 | €3,069 | €1,423 | €215 | ▼ 84.9% |
| Financial fixed assets28 | €78 | €78 | €78 | = |
| Current assets29/58 | €57,407 | €77,217 | €95,257 | ▲ 23.4% |
| Amounts receivable within one year40/41 | €56,704 | €68,401 | €82,845 | ▲ 21.1% |
| Trade receivables40 | €20,157 | €4,856 | €7,089 | ▲ 46.0% |
| Other amounts receivable41 | €36,546 | €63,545 | €75,756 | ▲ 19.2% |
| Cash at bank and in hand54/58 | €17 | €8,816 | €12,412 | ▲ 40.8% |
| Deferred charges and accrued income490/1 | €687 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €60,555 | €78,718 | €95,550 | ▲ 21.4% |
| Equity10/15 | €17,530 | €60,798 | €65,726 | ▲ 8.1% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €16,030 | €59,298 | €64,226 | ▲ 8.3% |
| Amounts payable17/49 | €43,025 | €17,920 | €29,824 | ▲ 66.4% |
| Amounts payable within one year42/48 | €43,025 | €17,620 | €29,824 | ▲ 69.3% |
| Trade debts44 | €4,934 | €1,414 | €3,479 | ▲ 146% |
| Suppliers440/4 | €4,934 | €1,414 | €3,479 | ▲ 146% |
| Advances received on contracts in progress46 | €32,500 | - | - | - |
| Taxes, remuneration and social security45 | €4,041 | €14,905 | €12,445 | ▼ 16.5% |
| Taxes450/3 | €4,041 | €14,905 | €12,445 | ▼ 16.5% |
| Other amounts payable47/48 | €1,550 | €1,300 | €13,900 | ▲ 969% |
| Accrued charges and deferred income492/3 | - | €300 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,030 | €43,269 | €4,927 | ▼ 88.6% |
| + Depreciation and write-downs630 | €1,871 | €1,646 | €1,208 | ▼ 26.7% |
| Operating cash flow (approximation) | €17,900 | €44,915 | €6,135 | ▼ 86.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €8,799 | €3,596 | ▼ 59.1% |
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
19-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €4,927 ▼88.6%
Net result drops to €4,927, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2023net €43,269 ▲170%
Operating result €53,148, net result €43,269, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.38
Current ratio from 1.33 to 4.38; short-term debt falls from €43,025 to €17,620.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has 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
2 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, Zaventem · 1 establishment unit since 2022
Ground area
461 m²
Building footprint
192 m²
Volume, LiDAR
1,492 m³
Parcel 23078A0472/00L000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
666
companies at this address
See who is registered here
1 establishment unit
ERGU
since 20222.328.527.065
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 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.
Similar companies · same sector, comparable size
CASEVIL
BE 0740.447.916
Beloeil · Eq €65,708
BARTA CONSTRUCT
BE 1008.557.795
Anzegem · Eq €65,749
ELECTRICITE ECLAIR & RENOV
BE 0809.251.402
Sint-Gillis (bij-Brussel) · Eq €65,698
FEDEMO Construct
BE 0759.454.372
Hamme (Vl.) · Eq €65,698
MDC CONCEPT
BE 0758.951.259
Sint-Pieters-Leeuw · Eq €65,694
Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,203 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
Founded07-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43230Insulation installation
43341Painting of buildings
43350Other building finishing work
43410Roofing work
43910Bricklaying and masonry work
81220Other building cleaning and industrial cleaning
95314Bodywork repair (including spraying and painting)
Contact
E-mail
ercan.gurtekin@live.be
Phone
0466287951
E-invoicing
Reachable via Peppol
Peppol ID
0208:0782939656
Also
9925:BE0782939656
Registered
30-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.