ERIC CHARLIER
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00492467.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 30 filings
Turnover
≈ €730,000
Estimated: probably between €440,000 and €1.2m
EBIT margin
Not included in this filing
Net result
-€3,687▲ 55.9%
2024 · -€8,360
Working capital
€175,000▲ 17.7%
2024 · €148,621
In the rankings
#4 company by equity in the province of Namur, Furniture sector#6 company by total assets in the province of Namur, Furniture sector#10 oldest company in the province of Namur, Furniture sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€12,725
▲ 16.0%
2025
20182025
Net result
-€3,687
▲ 55.9%
2025
middle half of the sector
20182025
Equity
€646,249
▼ 0.6%
2025
middle half of the sector
20182025
Total assets
€689,803
▼ 49.4%
2025
middle half of the sector
20182025
Debt
€43,554
▼ 93.9%
2025
20182025
Working capital
€175,000
▲ 17.7%
2025
middle half of the sector
20182025
Solvency
93.7%
▲ 46.1pp
2025
highest quarter of the sector
20182025
Current ratio
5.02
▲ 3.81
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-0.5%
▲ 0.1pp
2025
middle half of the sector
20182025
Staff (FTE)
5
▲ 8.7%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.007m-€1.6m▲ 249×-€0.07m-€0.02m▲ 64.1%-€0.02m▲ 11.4%-€0.03m▼ 49.0%-€0.02m▲ 53.8%-€0.01m▲ 16.0%
Net result-€0.001m-€1.1m-€0.07mbelow the sector's middle half-€0.01mbelow the sector's middle half▲ 78.3%-€0.02mbelow the sector's middle half▼ 51.6%-€0.03mwithin the sector's middle half▼ 25.9%-€0.008mwithin the sector's middle half▲ 70.2%-€0.004mwithin the sector's middle half▲ 55.9%
Equity€0.4m-€1.4m▲ 306%€1.4mabove the sector's middle half▼ 5.4%€1.3mabove the sector's middle half▼ 1.1%€1.3mwithin the sector's middle half▼ 2.8%€1.3mwithin the sector's middle half▼ 3.7%€0.6mwithin the sector's middle half▼ 48.3%€0.6mwithin the sector's middle half▼ 0.6%
Total assets€0.5m-€1.6m▲ 212%€1.5mabove the sector's middle half▼ 5.7%€1.5mabove the sector's middle half▼ 2.3%€1.4mwithin the sector's middle half▼ 3.4%€1.3mwithin the sector's middle half▼ 5.0%€1.4mwithin the sector's middle half▲ 1.9%€0.7mwithin the sector's middle half▼ 49.4%
Debt€0.2m-€0.1m▼ 4.9%€0.1m▼ 8.1%€0.1m▼ 15.1%€0.1m▼ 9.2%€0.08m▼ 22.0%€0.7m▲ 780%€0.04m▼ 93.9%
Working capital€0.2m-€0.6m▲ 189%€0.6mabove the sector's middle half=€0.7mabove the sector's middle half▲ 9.2%€0.7mwithin the sector's middle half▲ 2.6%€0.7mwithin the sector's middle half▲ 0.5%€0.1mwithin the sector's middle half▼ 78.8%€0.2mwithin the sector's middle half▲ 17.7%
Solvency69.6%-90.7%▲ 21.1pp91.0%above the sector's middle half▲ 0.2pp92.1%above the sector's middle half▲ 1.2pp92.6%above the sector's middle half▲ 0.5pp93.9%above the sector's middle half▲ 1.3pp47.6%within the sector's middle half▼ 46.3pp93.7%above the sector's middle half▲ 46.1pp
Current ratio3.75-8.44▲ 4.698.30above the sector's middle half▼ 0.149.62above the sector's middle half▲ 1.329.56above the sector's middle half▼ 0.0610.70above the sector's middle half▲ 1.141.21within the sector's middle half▼ 9.495.02above the sector's middle half▲ 3.81
Return on assets (ROA)-0.3%-69.2%▲ 69.5pp-4.5%below the sector's middle half▼ 73.8pp-1.0%below the sector's middle half▲ 3.5pp-1.6%below the sector's middle half▼ 0.6pp-2.1%within the sector's middle half▼ 0.5pp-0.6%within the sector's middle half▲ 1.5pp-0.5%within the sector's middle half▲ 0.1pp
Staff (FTE)6.4-6.9▲ 7.8%5.8above the sector's middle half▼ 15.9%4.8▼ 17.2%4.6within the sector's middle half4.6within the sector's middle half=5within the sector's middle half▲ 8.7%
above
within
below
The sector band is the middle half of the companies in Manufacture of furniture (NACE 31). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €12,725, smaller than the loss of €15,154 in 2024.
The turnover shown is an estimate from the gross margin.
Staff figure correction
- 2022 The accounts state 232,449.5 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure is therefore left out.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €689,803
Fixed assets
€471,250 ▼ 7.4%
Current assets
€218,554 ▼ 74.5%
Equity and liabilities €689,803
Equity
€646,249 ▼ 0.6%
Debt
€43,554 ▼ 93.9%
Debt's share of the balance-sheet total falls from 52.4% to 6.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€43,747▼
2024 · €44,496
Cash flow
€52,785▲
2024 · €51,290
Quick ratio
2.97▲
2024 · 1.07
Debt to equity
0.07▼
2024 · 1.10
ROE
-0.6%▲
2024 · -1.3%
Interest coverage
96.72▲
2024 · 65.71
Debt ≤ 1 year
€43,554▼
2024 · €706,893
Income taxes
€184▲
2024 · -€179
Staff costs
€255,779▲
2024 · €253,851
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 5 | 6 |
| full-time | 4 | 4 | 4 | 5 |
| part-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 4.6 | 4.6 | 4.6 | 5.6 |
| Average over the year, in full-time equivalents | 4.8 | 4.6 | 4.6 | 5 |
| On a permanent contract | 5 | 5 | 5 | 5 |
| Joined | 1 | - | - | 1 |
| Left | 2 | - | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,388 | €4,080 | €2,996 | €1,223 | €18,692 |
| Depreciation and write-downs of the year | €89,128 | €73,368 | €68,352 | €59,650 | €56,472 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.2m | €0.1m | €0.09m | €0.07m | €0.07m | €0.06m | €0.06m | ▼ 5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €0.01m | - | - | - |
| Other operating charges640/8 | - | - | - | €0.01m | €0.009m | €0.009m | €0.01m | €0.01m | ▲ 0.3% |
| Gross operating margin9900 | €0.3m | €2.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 0.4% |
| Operating profit (loss)9901 | €0.007m | €1.6m | -€0.07m | -€0.02m | -€0.02m | -€0.03m | -€0.02m | -€0.01m | ▲ 16.0% |
| Financial income75/76B | - | - | - | €0.01m | €95 | €0.009m | €0.007m | €0.01m | ▲ 32.7% |
| Recurring financial income75 | €0.002m | €0.001m | €0.005m | €0.01m | €95 | €0.009m | €0.007m | €0.01m | ▲ 32.7% |
| Financial charges65/66B | - | - | - | €0.003m | €0.002m | €0.001m | €0.001m | €452 | ▼ 33.2% |
| Recurring financial charges65 | €0.004m | €0.007m | €0.004m | €0.003m | €0.002m | €0.001m | €0.001m | €452 | ▼ 33.2% |
| Profit (loss) for the period before taxes9903 | €0.004m | €1.6m | -€0.07m | -€0.01m | -€0.02m | -€0.03m | -€0.009m | -€0.004m | ▲ 59.0% |
| Income taxes67/77 | €0.005m | €0.5m | €84 | €149 | -€0.002m | €0.003m | -€179 | €184 | - |
| Profit (loss) for the period9904 | -€0.001m | €1.1m | -€0.07m | -€0.01m | -€0.02m | -€0.03m | -€0.008m | -€0.004m | ▲ 55.9% |
| Profit (loss) for the period to be appropriated9905 | -€0.001m | €1.1m | -€0.07m | -€0.01m | -€0.02m | -€0.03m | -€0.008m | -€0.004m | ▲ 55.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €1.6m | €1.5m | €1.5m | €1.4m | €1.3m | €1.4m | €0.7m | ▼ 49.4% |
| Fixed assets21/28 | €0.2m | €0.9m | €0.8m | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | ▼ 7.4% |
| Tangible fixed assets22/27 | €0.2m | €0.9m | €0.8m | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | ▼ 7.4% |
| Land and buildings22 | - | - | - | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 8.5% |
| Plant, machinery and equipment23 | - | - | - | €0.08m | €0.06m | €0.05m | €0.04m | €0.03m | ▼ 28.6% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.01m | €0.007m | €0.006m | €0.02m | ▲ 215% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | - | - | - |
| Current assets29/58 | €0.3m | €0.7m | €0.7m | €0.8m | €0.8m | €0.8m | €0.9m | €0.2m | ▼ 74.5% |
| Stocks and contracts in progress3 | €0.09m | €0.06m | €0.09m | €0.1m | €0.1m | €0.09m | €0.1m | €0.09m | ▼ 11.0% |
| Stocks30/36 | - | - | - | €0.1m | €0.1m | €0.09m | €0.1m | €0.09m | ▼ 11.0% |
| Amounts receivable within one year40/41 | €0.05m | €0.04m | €0.06m | €0.02m | €0.01m | €0.008m | €0.05m | €0.01m | ▼ 76.0% |
| Trade receivables40 | - | - | - | €0.02m | €0.003m | €0.004m | €0.05m | €0.01m | ▼ 81.2% |
| Other amounts receivable41 | - | - | - | €0.006m | €0.01m | €0.005m | €158 | €0.003m | ▲ 17× |
| Current investments50/53 | - | - | - | - | €0.3m | €0.3m | €0.3m | - | - |
| Cash at bank and in hand54/58 | €0.1m | €0.6m | €0.6m | €0.6m | €0.3m | €0.4m | €0.4m | €0.1m | ▼ 70.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.001m | €0.006m | €0.006m | €0.001m | ▼ 90.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €1.6m | €1.5m | €1.5m | €1.4m | €1.3m | €1.4m | €0.7m | ▼ 49.4% |
| Equity10/15 | €0.4m | €1.4m | €1.4m | €1.3m | €1.3m | €1.3m | €0.6m | €0.6m | ▼ 0.6% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.3m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €0.8m | €0.8m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | - | €1.4m | €1.4m | €1.3m | €0.7m | €0.7m | = |
| Profit (loss) carried forward14 | - | - | -€0.07m | -€0.08m | -€0.1m | -€0.1m | -€0.1m | -€0.1m | ▼ 2.6% |
| Amounts payable17/49 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.7m | €0.04m | ▼ 93.9% |
| Amounts payable after more than one year17 | €0.08m | €0.06m | €0.05m | €0.04m | €0.02m | €0.008m | €0.008m | - | - |
| Financial debts170/4 | - | - | - | €0.04m | €0.02m | €0.008m | €0.008m | - | - |
| Amounts payable within one year42/48 | €0.08m | €0.08m | €0.09m | €0.08m | €0.08m | €0.07m | €0.7m | €0.04m | ▼ 93.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.01m | €0.01m | - | - | - |
| Trade debts44 | €0.02m | €0.03m | €0.02m | €0.03m | €0.002m | €0.005m | €0.02m | €0.02m | ▲ 19.0% |
| Suppliers440/4 | - | - | - | €0.03m | €0.002m | €0.005m | €0.02m | €0.02m | ▲ 19.0% |
| Advances received on contracts in progress46 | - | - | - | - | €0.03m | €0.01m | €0.04m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.02m | €0.02m | €0.03m | €0.02m | ▼ 36.1% |
| Taxes450/3 | - | - | - | €0.003m | €0.001m | €0.001m | €0.006m | - | - |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.02m | €0.02m | €0.03m | €0.02m | ▼ 22.1% |
| Other amounts payable47/48 | - | - | - | - | €0.02m | €0.02m | €0.6m | €0.001m | ▼ 99.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.001m | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.001m | €1.1m | -€0.07m | -€0.01m | -€0.02m | -€0.03m | -€0.008m | -€0.004m | ▲ 55.9% |
| + Depreciation and write-downs630 | €0.02m | €0.2m | €0.1m | €0.09m | €0.07m | €0.07m | €0.06m | €0.06m | ▼ 5.3% |
| Operating cash flow (approximation) | €0.02m | €1.3m | €0.03m | €0.07m | €0.05m | €0.04m | €0.05m | €0.05m | ▲ 2.9% |
| Investment in fixed assets (approximation) | - | -€0.9m | -€0.006m | -€0.003m | -€0.004m | -€0.003m | -€0.001m | -€0.02m | ▼ 1,493% |
| Change in cash | - | €0.5m | -€0.04m | €0.08m | -€0.3m | €0.05m | €0.03m | -€0.3m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as ERIC CHARLIER has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ERIC CHARLIER itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for ERIC CHARLIER. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-08-2026 | 2026-00492467 | |
| 31-12-2024 | full format | 17-06-2025 | 2025-00146871 | |
| 31-12-2023 | full format | 24-06-2024 | 2024-00155186 | |
| 31-12-2022 | full format | 27-06-2023 | 2023-00163710 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20077576 | |
| 31-12-2020 | micro format | 16-08-2021 | 2021-48800484 | |
| 31-12-2019 | micro format | 15-07-2020 | 2020-30100544 | |
| 31-12-2018 | micro format | 14-08-2019 | 2019-46400483 | |
| 31-12-2017 | micro format | 22-08-2018 | 2018-48500551 | |
| 31-12-2016 | micro format | 02-06-2017 | 2017-14800225 |