ERKO CONSTRUCT
ActiveERKO CONSTRUCT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €160k and a net result of €262k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 22% of 1885 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
76
/ 100
Excellent▲ +20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency24▼-10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.0 in 2024), and 81.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
18.7%
Return on assets
30.6%
Age of the figures
14 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1885 sector peers (2025).
NBB · sector comparisonPosition among 1885 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
12 d late
2023
1 d early
2022
on the day
2021
4 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€160k▲ 16.1%
2024 · €138k
2019: €86k
2020: €105k
2021: €118k
2022: €103k
2023: €117k
2024: €138k
2019 → 2025
Total assets
€856k▲ 47.1%
2024 · €582k
2019: €276k
2020: €315k
2021: €321k
2022: €435k
2023: €650k
2024: €582k
2019 → 2025
Net result
€262k▲ 62.4%
2024 · €161k
2019: €79k
2020: €60k
2021: €83k
2022: €135k
2023: €108k
2024: €161k
2019 → 2025
Working capital
€25k
2024 · €-677
2019: €25k
2020: €14k
2021: €46k
2022: €-6k
2023: €-55k
2024: €-677
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€118k-€103k▼ 12.7%€117k▲ 13.0%€138k▲ 18.4%€160k▲ 16.1%
Operating result€110k-€183k▲ 66.1%€146k▼ 20.1%€219k▲ 49.7%€361k▲ 64.9%
Net result€83k-€135k▲ 62.6%€108k▼ 19.6%€161k▲ 48.8%€262k▲ 62.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 65% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €856k
Fixed assets
€221k▲ 11.0%
Current assets
€635k▲ 65.9%
Equity and liabilities €856k
Equity
€160k▲ 16.1%
Debt
€695k▲ 56.8%
The debt ratio rises from 76.3% to 81.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€425k▲
2024 · €283k
Cash flow
€326k▲
2024 · €226k
Solvency
18.7%▼
2024 · 23.7%
Current ratio
1.04▲
2024 · 1.00
Quick ratio
1.04▲
2024 · 1.00
Debt / equity
4.34▲
2024 · 3.21
ROE
163.6%▲
2024 · 116.9%
ROA
30.6%▲
2024 · 27.8%
Interest coverage
72.32▼
2024 · 105.32
Debt
€695k▲
2024 · €444k
Debt ≤ 1 year
€610k▲
2024 · €383k
Debt > 1 year
€86k▲
2024 · €60k
Income taxes
€94k▲
2024 · €56k
Staff costs
€78k▲
2024 · €50k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€582k€856k▲
Fixed assets21/28€199k€221k▲
Tangible fixed assets22/27€199k€221k▲
Land and buildings22€33k€27k▼
Plant, machinery and equipment23€65k€41k▼
Furniture and vehicles24€101k€154k▲
Current assets29/58€382k€635k▲
Amounts receivable within one year40/41€237k€467k▲
Trade receivables40€237k€466k▲
Other amounts receivable41€708€1k▲
Cash at bank and in hand54/58€145k€167k▲
Equity and liabilities
Total equity and liabilities10/49€582k€856k▲
Equity10/15€138k€160k▲
Contributions10/11€19k€19k=
Reserves13€82k€82k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€80k€80k=
Profit (loss) carried forward14€38k€60k▲
Amounts payable17/49€444k€695k▲
Amounts payable after more than one year17€60k€86k▲
Financial debts170/4€60k€86k▲
Amounts payable within one year42/48€383k€610k▲
Current portion of amounts payable after more than one year42€27k€33k▲
Trade debts44€102k€270k▲
Suppliers440/4€102k€270k▲
Taxes, remuneration and social security45€54k€102k▲
Taxes450/3€41k€87k▲
Remuneration and social security454/9€13k€16k▲
Other amounts payable47/48€201k€204k▲
Income statement
Code20242025
Remuneration, social security and pensions62€50k€78k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€64k▼
Other operating charges640/8€141€144▲
Gross operating margin9900€334k€503k▲
Operating profit (loss)9901€219k€361k▲
Financial income75/76B€1k€146▼
Recurring financial income75€1k€146▼
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€218k€356k▲
Income taxes67/77€56k€94k▲
Profit (loss) for the period9904€161k€262k▲
Profit (loss) for the period to be appropriated9905€161k€262k▲
Appropriation of the result
Profit (loss) to be appropriated9906€178k€300k▲
Profit (loss) brought forward from the previous period14P€16k€38k▲
Profit to be distributed694/7€140k€240k▲
Return on contributions (dividend)694€140k€240k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director discharge3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge3 facts ▸
- General meeting, 23/02/2026
- Director resignation, Verstappen Erik (bestuurder)
- Director discharge, Verstappen Erik
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €262k ▲62.4%
Operating result €361k, net result €262k, both a record.
30-06
Financial
Equity above €150kEq €160k ▲16.1%
7 profitable years in a row build equity to €160k.
12-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €60k ▼24.6%
Net result drops to €60k, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €100kEq €105k ▲22.8%
2 profitable years in a row build equity to €105k.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
19-03-2026
VERSTAPPEN Erik: Resigned as Director
26-05-2023
VERSTAPPEN Erik: Resigned as Director
26-05-2023
VERSTAPPEN Koen: Resigned as Director
Location & real-estate footprint
Registered office, Buggenhout · 1 establishment unit since 2014
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.
Reigersweg 79255 BuggenhoutGround area
155 m²
Building footprint
92 m²
Volume, LiDAR
591 m³
Parcel 42004E0818/00S000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ERKO CONSTRUCT
since 20142.232.853.886
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004E0818/00S000 | Flanders | 155 m² | 1 · 92 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
VERSTRAETE METAALCONSTRUCTIE
BE 0897.831.406
Roeselare · Eq €160k
F.M. INDUSTRIES
BE 0894.096.708
Lokeren · Eq €161k
SWICO VERSPANING
BE 0780.930.766
Bree · Eq €160k
SJC3D PIPING & CONSTRUCT
BE 0801.567.616
Fléron · Eq €159k
Gecar Constructie
BE 0692.723.223
Staden · Eq €161k
Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,646 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-06-2014
Fiscal year end30-06
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25530Machining of metals
77310Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.