ERIN
InactiveERIN was declared bankrupt on 22-08-2023 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 07-11-2024, published in the Belgian State Gazette on 18-11-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2023 close30-04-2024 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 30-05-2023, 30 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
not filed
2024
not filed
2023
not filed
2022
30 d late
2021
24 d late
2020
31 d late
2019
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Turnover
€76k
EBIT margin
8.4%
Net result
€16k▲ 159%
2021 · €6k
2018: €367
2019: €-4k
2020: €11k
2021: €6k
2018 → 2022
Working capital
€2k
2021 · €-11k
2018: €-12k
2019: €-16k
2020: €-14k
2021: €-11k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€76k
Equity€-8k-€-12k▼ 49.0%€-1k▲ 89.7%€5k€21k▲ 323%
Operating result€535-€-4k€11k€6k▼ 42.3%€18k▲ 177%
Net result€367-€-4k€11k€6k▼ 42.7%€16k▲ 159%
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 recovers in 2022; 2022 is 177% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €62k
Fixed assets
€43k▲ 173%
Current assets
€20k▲ 27.4%
Equity and liabilities €62k
Equity
€21k▲ 323%
Debt
€41k▲ 57.5%
The debt ratio falls from 83.7% to 65.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▲
2021 · €9k
Cash flow
€26k▲
2021 · €9k
Solvency
34.4%▲
2021 · 16.3%
Current ratio
1.11▲
2021 · 0.59
Quick ratio
1.00▲
2021 · 0.52
Debt / equity
1.91▼
2021 · 5.12
ROE
76.4%▼
2021 · 125.0%
ROA
26.3%▲
2021 · 20.4%
Interest coverage
53.97
Debt
€41k▲
2021 · €26k
Debt ≤ 1 year
€18k▼
2021 · €26k
Debt > 1 year
€23k
Income taxes
€944▲
2021 · €112
Staff costs
€11k▲
2021 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€31k€62k▲
Fixed assets21/28€16k€43k▲
Tangible fixed assets22/27€12k€39k▲
Land and buildings22-€2k
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€12k€4k▼
Leasing and similar rights25-€33k
Financial fixed assets28€4k€4k=
Current assets29/58€15k€20k▲
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€2k€2k▲
Trade receivables40€806€380▼
Other amounts receivable41€712€1k▲
Cash at bank and in hand54/58€11k€15k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€31k€62k▲
Equity10/15€5k€21k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-14k€3k▲
Amounts payable17/49€26k€41k▲
Amounts payable after more than one year17-€23k
Financial debts170/4-€23k
Amounts payable within one year42/48€26k€18k▼
Current portion of amounts payable after more than one year42-€4k
Financial debts43€2k€0▼
Credit institutions430/8€2k€0▼
Trade debts44€15k€11k▼
Suppliers440/4€15k€11k▼
Taxes, remuneration and social security45€0€0=
Taxes450/3€0€0=
Remuneration and social security454/9€0€0=
Other amounts payable47/48€9k€3k▼
Income statement
Code20212022
Turnover70€76k-
Goods, raw materials, services and sundry goods60/61€62k-
Remuneration, social security and pensions62€7k€11k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€10k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€19k€41k▲
Operating profit (loss)9901€6k€18k▲
Financial charges65/66B-€516
Recurring financial charges65-€516
Profit (loss) for the period before taxes9903€6k€17k▲
Income taxes67/77€112€944▲
Profit (loss) for the period9904€6k€16k▲
Profit (loss) for the period to be appropriated9905€6k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€3k▲
Profit (loss) brought forward from the previous period14P€-20k€-14k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
18-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · ERIN BV LEUVENSESTRAAT 39, 3200 AARSCHOT · event 07-11-2024
2023
29-08
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · ERIN BV LEUVENSESTRAAT 39, 3200 AARSCHOT · event 22-08-2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-09
Financial
Highest result since 2018net €16k ▲159%
Operating result €18k, net result €16k, both a record.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-09
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 29 days late
2019
30-09
Financial
Weakest financial yearnet €-4k ▼1201%
Net result drops to €-4k, the lowest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
28-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
27-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ANOUK DE VLEESHOUWER ENGELANDSTRAAT 61,
3290 DIEST |
22-08-2023 → present |
| Curator | ELS VAN ERUM ENGELAND-
STRAAT 61, 3290 DIEST |
22-08-2023 → present |