ErHo
ActiveSummary
ErHo has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79,102 and a net result of €28,564. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 78% of 3494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 4.2 against 3.32 in 2024; short-term debt: 21.8% and cash: 67.6% of total assets), and 21.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% 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
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
78.2%
Return on assets
28.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €79,102
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-08-2026, 8 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
8 d late
2024
13 d late
2023
27 d late
2022
31 d late
2021
47 d early
2020
5 d early
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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
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
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Financials · fiscal year 2025, micro schema
Equity
€79,102▲ 56.5%
2024 · €50,538
Total assets
€101,191▲ 47.9%
2024 · €68,413
Net result
€28,564▲ 27.8%
2024 · €22,349
Working capital
€70,738▲ 70.3%
2024 · €41,537
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-€10,287€6,561€15,776▲ 140%€31,828▲ 102%€40,993▲ 28.8%
Net result-€10,897€5,973€12,133▲ 103%€22,349▲ 84.2%€28,564▲ 27.8%
Equity€10,083▼ 51.9%€16,056▲ 59.2%€28,189▲ 75.6%€50,538▲ 79.3%€79,102▲ 56.5%
Total assets€17,297▼ 36.6%€30,154▲ 74.3%€48,910▲ 62.2%€68,413▲ 39.9%€101,191▲ 47.9%
Debt€7,214▲ 14.1%€14,098▲ 95.4%€20,720▲ 47.0%€17,874▼ 13.7%€22,089▲ 23.6%
Working capital€8,636▼ 49.1%€14,525▲ 68.2%€25,430▲ 75.1%€41,537▲ 63.3%€70,738▲ 70.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101,191
Fixed assets
€8,364 ▼ 7.1%
Current assets
€92,827 ▲ 56.2%
Equity and liabilities €101,191
Equity
€79,102 ▲ 56.5%
Debt
€22,089 ▲ 23.6%
Debt's share of the balance-sheet total falls from 26.1% to 21.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43,319▲
2024 · €39,218
Cash flow
€30,890▲
2024 · €29,739
Current ratio
4.20▲
2024 · 3.32
Quick ratio
4.17▲
2024 · 3.26
Debt to equity
0.28▼
2024 · 0.35
ROE
36.1%▼
2024 · 44.2%
ROA
28.2%▼
2024 · 32.7%
Interest coverage
117.11▲
2024 · 79.15
Debt ≤ 1 year
€22,089▲
2024 · €17,874
Income taxes
€12,060▲
2024 · €8,985
Staff costs
€5,112▲
2024 · €0
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 | - | €17 | €0 | €0 | €5,112 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,562 | €1,055 | €507 | €7,390 | €2,326 | ▼ 68.5% |
| Other operating charges640/8 | €711 | €973 | €866 | €1,065 | €279 | ▼ 73.8% |
| Gross operating margin9900 | -€7,014 | €8,607 | €17,148 | €40,284 | €48,710 | ▲ 20.9% |
| Operating profit (loss)9901 | -€10,287 | €6,561 | €15,776 | €31,828 | €40,993 | ▲ 28.8% |
| Financial income75/76B | €12 | €0 | €12 | €1 | €0 | ▼ 67.6% |
| Recurring financial income75 | €12 | €0 | €12 | €1 | €0 | ▼ 67.6% |
| Financial charges65/66B | €505 | €469 | €741 | €495 | €370 | ▼ 25.3% |
| Recurring financial charges65 | €505 | €469 | €741 | €495 | €370 | ▼ 25.3% |
| Profit (loss) for the period before taxes9903 | -€10,780 | €6,093 | €15,047 | €31,334 | €40,623 | ▲ 29.6% |
| Income taxes67/77 | €117 | €120 | €2,914 | €8,985 | €12,060 | ▲ 34.2% |
| Profit (loss) for the period9904 | -€10,897 | €5,973 | €12,133 | €22,349 | €28,564 | ▲ 27.8% |
| Profit (loss) for the period to be appropriated9905 | -€10,897 | €5,973 | €12,133 | €22,349 | €28,564 | ▲ 27.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,297 | €30,154 | €48,910 | €68,413 | €101,191 | ▲ 47.9% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €1,446 | €1,531 | €2,759 | €9,002 | €8,364 | ▼ 7.1% |
| Intangible fixed assets21 | - | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €1,446 | €1,531 | €2,759 | €9,002 | €8,364 | ▼ 7.1% |
| Plant, machinery and equipment23 | - | €0 | €1,620 | €1,041 | €463 | ▼ 55.6% |
| Furniture and vehicles24 | €1,336 | €1,531 | €1,140 | €7,960 | €7,901 | ▼ 0.7% |
| Other tangible fixed assets26 | €110 | €0 | €0 | €0 | €0 | - |
| Current assets29/58 | €15,851 | €28,623 | €46,150 | €59,411 | €92,827 | ▲ 56.2% |
| Stocks and contracts in progress3 | €1,022 | €2,736 | €3,509 | €1,081 | €625 | ▼ 42.2% |
| Stocks30/36 | €1,022 | €2,736 | €3,509 | €1,081 | €625 | ▼ 42.2% |
| Amounts receivable within one year40/41 | €8,024 | €5,333 | €11,102 | €27,866 | €18,671 | ▼ 33.0% |
| Trade receivables40 | €6,102 | €2,360 | €5,876 | €19,580 | €13,071 | ▼ 33.2% |
| Other amounts receivable41 | €1,922 | €2,973 | €5,227 | €8,286 | €5,600 | ▼ 32.4% |
| Cash at bank and in hand54/58 | €4,536 | €6,201 | €17,446 | €25,624 | €68,433 | ▲ 167% |
| Deferred charges and accrued income490/1 | €2,269 | €14,352 | €14,094 | €4,840 | €5,099 | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,297 | €30,154 | €48,910 | €68,413 | €101,191 | ▲ 47.9% |
| Equity10/15 | €10,083 | €16,056 | €28,189 | €50,538 | €79,102 | ▲ 56.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €23,860 | €52,360 | ▲ 119% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Other1319 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €22,000 | €50,500 | ▲ 130% |
| Profit (loss) carried forward14 | €2,023 | €7,996 | €20,129 | €20,478 | €20,542 | ▲ 0.3% |
| Amounts payable17/49 | €7,214 | €14,098 | €20,720 | €17,874 | €22,089 | ▲ 23.6% |
| Amounts payable within one year42/48 | €7,214 | €14,098 | €20,720 | €17,874 | €22,089 | ▲ 23.6% |
| Trade debts44 | €4,416 | €11,053 | €8,056 | €3,906 | €5,212 | ▲ 33.4% |
| Suppliers440/4 | €4,416 | €11,053 | €8,056 | €3,906 | €5,212 | ▲ 33.4% |
| Taxes, remuneration and social security45 | €2,798 | €3,045 | €12,665 | €13,968 | €16,877 | ▲ 20.8% |
| Taxes450/3 | €1,598 | €1,845 | €8,665 | €9,940 | €12,793 | ▲ 28.7% |
| Remuneration and social security454/9 | €1,200 | €1,200 | €4,000 | €4,028 | €4,084 | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,897 | €5,973 | €12,133 | €22,349 | €28,564 | ▲ 27.8% |
| + Depreciation and write-downs630 | €2,562 | €1,055 | €507 | €7,390 | €2,326 | ▼ 68.5% |
| Operating cash flow (approximation) | -€8,335 | €7,029 | €12,640 | €29,739 | €30,890 | ▲ 3.9% |
| Investment in fixed assets (approximation) | - | -€1,140 | -€1,736 | -€13,632 | -€1,688 | ▲ 87.6% |
| Change in cash | - | €1,665 | €11,244 | €8,179 | €42,808 | ▲ 423% |
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
08-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 8 days late
2025
31-12
Financial
Highest result since 2018net €28,564 ▲27.8%
Operating result €40,993, net result €28,564, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €5,973
Net result €5,973 after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€10,897
Net result drops to -€10,897, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-07
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 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, Wommelgem · 1 establishment unit since 2008
Ground area
401 m²
Building footprint
93 m²
Volume, LiDAR
823 m³
Parcel 11052C0490/00X000, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ErHo
since 20082.173.815.827
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0490/00X000 | Flanders | 401 m² | 1 · 92 m² | 11.1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 69 EUR awarded · 138 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 69 EUR | 138 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteWommelgem2.173.815.827
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Of 4,563 companies in sector 74999 we hold annual accounts for 1,935. 1,564 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
Founded24-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46411Wholesale trade
46425Wholesale trade
46450Wholesale of perfume and cosmetics
46720Wholesale of motor vehicle parts and accessories
Contact
E-mail
erik.vincke@pandora.beWommelgem
Phone
0479 293 495Wommelgem
Scores and ratios are computed by Checked and are not a credit decision.