ERKO Service
ActiveSummary
The computed 12-month bankruptcy probability of ERKO Service is 2.3% (moderate). The 2025 annual accounts show equity of €10k and a net result of €17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-12
Solvency34▼-59
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
9.2%
Return on assets
15.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 4 filingsDeviation from the deadline
2025
19 d late
2024
30 d late
2023
2 d early
2022
27 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▼ 78.5%
2024 · €46k
2022: €10k
2023: €28k▲ +168% vs 2022
2024: €46k▲ +66.4% vs 2023highest in 4 years
2025: €10k▼ -78.5% vs 2024lowest in 4 years
2022 → 2025
Total assets
€108k▲ 58.4%
2024 · €68k
2022: €31klowest in 4 years
2023: €52k▲ +69.7% vs 2022
2024: €68k▲ +30.9% vs 2023
2025: €108k▲ +58.4% vs 2024highest in 4 years
2022 → 2025
Net result
€17k▼ 10.3%
2024 · €18k
2022: €7klowest in 4 years
2023: €17k▲ +137% vs 2022
2024: €18k▲ +5.8% vs 2023highest in 4 years
2025: €17k▼ -10.3% vs 2024
2022 → 2025
Working capital
€-25k
2024 · €38k
2022: €7k
2023: €18k▲ +166% vs 2022
2024: €38k▲ +111% vs 2023highest in 4 years
2025: €-25k▼ -165% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€10k-€28k▲ 168%€46k▲ 66.4%€10k▼ 78.5%
2022: €10k
2023: €28k▲ +168% vs 2022
2024: €46k▲ +66.4% vs 2023highest in 4 years
2025: €10k▼ -78.5% vs 2024lowest in 4 years
Operating result€9k-€22k▲ 142%€23k▲ 4.8%€21k▼ 9.6%
2022: €9klowest in 4 years
2023: €22k▲ +142% vs 2022
2024: €23k▲ +4.8% vs 2023highest in 4 years
2025: €21k▼ -9.6% vs 2024
Net result€7k-€17k▲ 137%€18k▲ 5.8%€17k▼ 10.3%
2022: €7klowest in 4 years
2023: €17k▲ +137% vs 2022
2024: €18k▲ +5.8% vs 2023highest in 4 years
2025: €17k▼ -10.3% vs 2024
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 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108k
Fixed assets
€35k ▲ 312%
Current assets
€73k ▲ 22.7%
Equity and liabilities €108k
Equity
€10k ▼ 78.5%
Debt
€98k ▲ 348%
Debt's share of the balance-sheet total rises from 32.1% to 90.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27k▲
2024 · €27k
Cash flow
€23k▲
2024 · €22k
Current ratio
0.75▼
2024 · 2.73
Debt to equity
9.85▲
2024 · 0.47
ROE
166.4%▲
2024 · 39.9%
ROA
15.3%▼
2024 · 27.1%
Interest coverage
6.53▼
2024 · 15.98
Debt ≤ 1 year
€98k▲
2024 · €22k
Income taxes
€4k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€68k€108k▲
Fixed assets21/28€8k€35k▲
Tangible fixed assets22/27€8k€35k▲
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€3k€5k▲
Other tangible fixed assets26€4k€27k▲
Current assets29/58€60k€73k▲
Amounts receivable within one year40/41€58k€71k▲
Trade receivables40€14k€25k▲
Other amounts receivable41€44k€46k▲
Cash at bank and in hand54/58€241€0▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€68k€108k▲
Equity10/15€46k€10k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€43k€7k▼
Amounts payable17/49€22k€98k▲
Amounts payable within one year42/48€22k€98k▲
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€8k€32k▲
Suppliers440/4€8k€32k▲
Taxes, remuneration and social security45€13k€11k▼
Taxes450/3€13k€11k▼
Other amounts payable47/48€0€53k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8€744€1k▲
Gross operating margin9900€27k€29k▲
Operating profit (loss)9901€23k€21k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€23k€21k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€18k€17k▼
Profit (loss) for the period to be appropriated9905€18k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€60k▲
Profit (loss) brought forward from the previous period14P€25k€43k▲
Profit to be distributed694/7-€53k
Return on contributions (dividend)694-€53k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €359 | €3k | €3k | €6k | ▲ 86.8% |
| Other operating charges640/8 | €348 | €1k | €744 | €1k | ▲ 74.5% |
| Gross operating margin9900 | €10k | €26k | €27k | €29k | ▲ 4.6% |
| Operating profit (loss)9901 | €9k | €22k | €23k | €21k | ▼ 9.6% |
| Financial income75/76B | €73 | €2k | €2k | €4k | ▲ 138% |
| Recurring financial income75 | €73 | €2k | €2k | €4k | ▲ 138% |
| Financial charges65/66B | €59 | €2k | €2k | €4k | ▲ 151% |
| Recurring financial charges65 | €59 | €2k | €2k | €4k | ▲ 151% |
| Profit (loss) for the period before taxes9903 | €9k | €22k | €23k | €21k | ▼ 9.8% |
| Income taxes67/77 | €2k | €5k | €5k | €4k | ▼ 7.7% |
| Profit (loss) for the period9904 | €7k | €17k | €18k | €17k | ▼ 10.3% |
| Profit (loss) for the period to be appropriated9905 | €7k | €17k | €18k | €17k | ▼ 10.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €31k | €52k | €68k | €108k | ▲ 58.4% |
| Fixed assets21/28 | €4k | €10k | €8k | €35k | ▲ 312% |
| Tangible fixed assets22/27 | €4k | €10k | €8k | €35k | ▲ 312% |
| Plant, machinery and equipment23 | €1k | €870 | €2k | €3k | ▲ 52.6% |
| Furniture and vehicles24 | €3k | €4k | €3k | €5k | ▲ 84.1% |
| Other tangible fixed assets26 | - | €5k | €4k | €27k | ▲ 586% |
| Current assets29/58 | €27k | €42k | €60k | €73k | ▲ 22.7% |
| Amounts receivable within one year40/41 | €16k | €41k | €58k | €71k | ▲ 22.2% |
| Trade receivables40 | €11k | €27k | €14k | €25k | ▲ 78.6% |
| Other amounts receivable41 | €5k | €14k | €44k | €46k | ▲ 4.5% |
| Cash at bank and in hand54/58 | €11k | €695 | €241 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €53 | €477 | €1k | €2k | ▲ 63.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €31k | €52k | €68k | €108k | ▲ 58.4% |
| Equity10/15 | €10k | €28k | €46k | €10k | ▼ 78.5% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €7k | €25k | €43k | €7k | ▼ 83.9% |
| Amounts payable17/49 | €20k | €24k | €22k | €98k | ▲ 348% |
| Amounts payable within one year42/48 | €20k | €24k | €22k | €98k | ▲ 348% |
| Financial debts43 | - | - | - | €2k | - |
| Credit institutions430/8 | - | - | - | €2k | - |
| Trade debts44 | €13k | €15k | €8k | €32k | ▲ 280% |
| Suppliers440/4 | €13k | €15k | €8k | €32k | ▲ 280% |
| Taxes, remuneration and social security45 | €7k | €8k | €13k | €11k | ▼ 16.1% |
| Taxes450/3 | €7k | €8k | €13k | €11k | ▼ 16.1% |
| Other amounts payable47/48 | - | €760 | €0 | €53k | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €17k | €18k | €17k | ▼ 10.3% |
| + Depreciation and write-downs630 | €359 | €3k | €3k | €6k | ▲ 86.8% |
| Operating cash flow (approximation) | €8k | €20k | €22k | €23k | ▲ 4.6% |
| Investment in fixed assets (approximation) | - | €-9k | €-2k | €-33k | ▼ 1,627% |
| Change in cash | - | €-11k | €-454 | €-241 | ▲ 46.9% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Highest result since 2022net €18k ▲5.8%
Operating result €23k, net result €18k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
Financial 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
Registered office, Tielt-Winge · 1 establishment unit since 2022
Ground area
1,026 m²
Building footprint
151 m²
Volume, LiDAR
692 m³
Parcel 24106B0404/00L000, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ERKO Service
since 20222.330.795.380
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24106B0404/00L000 | Flanders | 1,026 m² | 1 · 151 m² | 7.1 m · 1 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
2024 · 1 entry · 399 EUR awarded · 346 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 399 EUR | 346 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 1,774 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
Founded21-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
33110Repair and maintenance of fabricated metal products
41001General construction of residential buildings
47527Retail trade
Scores and ratios are computed by Checked and are not a credit decision.