ERKASON
InactiveERKASON was declared bankrupt on 21-10-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 07-04-2025, published in the Belgian State Gazette on 14-04-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three 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 31-12-2023, 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 · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-06-2024, 330 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
330 d late
2021
313 d late
2020
496 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 380 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
€26,750▲ 2.3%
2021 · €26,161
Total assets
€51,105▲ 38.1%
2021 · €36,996
Net result
€589▼ 97.0%
2021 · €19,554
Working capital
€4,059▼ 21.1%
2021 · €5,143
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
Line202020212022
Operating result-€11,473-€19,715€15,644▼ 20.6%
Net result-€11,993-€19,554€589▼ 97.0%
Equity€6,607-€26,161▲ 296%€26,750▲ 2.3%
Total assets€73,715-€36,996▼ 49.8%€51,105▲ 38.1%
Debt€67,108-€10,835▼ 83.9%€24,355▲ 125%
Working capital-€17,012-€5,143€4,059▼ 21.1%
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 2022; 2022 is 21% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €51,105
Fixed assets
€22,691 ▲ 8.0%
Current assets
€28,414 ▲ 77.8%
Equity and liabilities €51,105
Equity
€26,750 ▲ 2.3%
Debt
€24,355 ▲ 125%
Debt's share of the balance-sheet total rises from 29.3% to 47.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18,372▼
2021 · €22,315
Cash flow
€3,317▼
2021 · €22,154
Current ratio
1.17▼
2021 · 1.47
Quick ratio
0.73▲
2021 · 0.05
Debt to equity
0.91▲
2021 · 0.41
ROE
2.2%▼
2021 · 74.7%
ROA
1.2%▼
2021 · 52.9%
Interest coverage
389.57▲
2021 · 139.14
Debt ≤ 1 year
€24,355▲
2021 · €10,835
Income taxes
€15,557
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,600 | €2,600 | €2,728 | ▲ 4.9% |
| Other operating charges640/8 | €823 | €1,608 | €5,513 | ▲ 243% |
| Gross operating margin9900 | -€8,050 | €23,923 | €23,885 | ▼ 0.2% |
| Operating profit (loss)9901 | -€11,473 | €19,715 | €15,644 | ▼ 20.6% |
| Financial income75/76B | - | €0 | €550 | ▲ 5,496,500% |
| Recurring financial income75 | - | €0 | €550 | ▲ 5,496,500% |
| Financial charges65/66B | €521 | €160 | €47 | ▼ 70.6% |
| Recurring financial charges65 | €521 | €160 | €47 | ▼ 70.6% |
| Profit (loss) for the period before taxes9903 | -€11,993 | €19,554 | €16,147 | ▼ 17.4% |
| Income taxes67/77 | - | - | €15,557 | - |
| Profit (loss) for the period9904 | -€11,993 | €19,554 | €589 | ▼ 97.0% |
| Profit (loss) for the period to be appropriated9905 | -€11,993 | €19,554 | €589 | ▼ 97.0% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €73,715 | €36,996 | €51,105 | ▲ 38.1% |
| Fixed assets21/28 | €23,618 | €21,018 | €22,691 | ▲ 8.0% |
| Intangible fixed assets21 | €23,400 | €20,800 | €18,200 | ▼ 12.5% |
| Tangible fixed assets22/27 | - | - | €4,273 | - |
| Land and buildings22 | - | - | €4,273 | - |
| Financial fixed assets28 | €218 | €218 | €218 | = |
| Current assets29/58 | €50,096 | €15,978 | €28,414 | ▲ 77.8% |
| Stocks and contracts in progress3 | €32,975 | €15,460 | €10,603 | ▼ 31.4% |
| Stocks30/36 | €32,975 | €15,460 | €10,603 | ▼ 31.4% |
| Amounts receivable within one year40/41 | €16,938 | - | €9,061 | - |
| Trade receivables40 | €15,667 | - | - | - |
| Other amounts receivable41 | €1,271 | - | €9,061 | - |
| Cash at bank and in hand54/58 | €184 | €518 | €8,750 | ▲ 1,589% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €73,715 | €36,996 | €51,105 | ▲ 38.1% |
| Equity10/15 | €6,607 | €26,161 | €26,750 | ▲ 2.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€11,993 | €7,561 | €8,150 | ▲ 7.8% |
| Amounts payable17/49 | €67,108 | €10,835 | €24,355 | ▲ 125% |
| Amounts payable within one year42/48 | €67,108 | €10,835 | €24,355 | ▲ 125% |
| Trade debts44 | €67,023 | €8,193 | €15,981 | ▲ 95.1% |
| Suppliers440/4 | €67,023 | €8,193 | €15,981 | ▲ 95.1% |
| Taxes, remuneration and social security45 | - | €2,556 | €8,322 | ▲ 226% |
| Taxes450/3 | - | €2,556 | €8,322 | ▲ 226% |
| Other amounts payable47/48 | €85 | €86 | €51 | ▼ 40.2% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,993 | €19,554 | €589 | ▼ 97.0% |
| + Depreciation and write-downs630 | €2,600 | €2,600 | €2,728 | ▲ 4.9% |
| Operating cash flow (approximation) | -€9,393 | €22,154 | €3,317 | ▼ 85.0% |
| Investment in fixed assets (approximation) | - | €0 | -€4,401 | - |
| Change in cash | - | €335 | €8,232 | ▲ 2,361% |
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
2025
14-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 07-04-2025
2024
25-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 21-10-2024
25-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 330 days late
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 313 days late
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 496 days late
2021
31-12
Financial
Back to profitnet €19,554
Net result €19,554 after one loss-making year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ERIC CREYTENS CENTRUMLAAN 48, 9400 NINOVE- |
21-10-2024 → 07-04-2025 |