ERLI
ActiveSummary
ERLI has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58,370 and a net result of -€1,983. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▲+29
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
short-term debt: 0.5% and cash: 88.7% of total assets, and 0.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1,983
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
87 d early
2023
65 d early
2022
67 d early
2021
59 d early
2020
80 d early
2019
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 68 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€58,370▼ 3.3%
2024 · €60,354
Total assets
€58,684▼ 4.6%
2024 · €61,496
Net result
-€1,983▲ 82.2%
2024 · -€11,148
Working capital
€58,370▼ 3.3%
2024 · €60,354
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€286▲ 87.3%-€7,640▼ 2,573%-€15,504▼ 103%-€11,629▲ 25.0%-€2,591▲ 77.7%
Net result-€1,403within the sector's middle half▲ 61.4%-€8,598below the sector's middle half▼ 513%-€15,435below the sector's middle half▼ 79.5%-€11,148below the sector's middle half▲ 27.8%-€1,983within the sector's middle half▲ 82.2%
Equity€95,536within the sector's middle half▼ 1.4%€86,937within the sector's middle half▼ 9.0%€71,502within the sector's middle half▼ 17.8%€60,354within the sector's middle half▼ 15.6%€58,370within the sector's middle half▼ 3.3%
Total assets€126,830within the sector's middle half▲ 0.4%€122,774within the sector's middle half▼ 3.2%€72,306within the sector's middle half▼ 41.1%€61,496within the sector's middle half▼ 14.9%€58,684within the sector's middle half▼ 4.6%
Debt€31,294▲ 6.5%€35,836▲ 14.5%€804▼ 97.8%€1,143▲ 42.2%€313▼ 72.6%
Working capital€95,536above the sector's middle half▼ 0.6%€86,937above the sector's middle half▼ 9.0%€71,502within the sector's middle half▼ 17.8%€60,354within the sector's middle half▼ 15.6%€58,370within the sector's middle half▼ 3.3%
Solvency75.3%above the sector's middle half▼ 1.4pp70.8%above the sector's middle half▼ 4.5pp98.9%above the sector's middle half▲ 28.1pp98.1%above the sector's middle half▼ 0.7pp99.5%above the sector's middle half▲ 1.3pp
Current ratio4.05above the sector's middle half▼ 0.223.43above the sector's middle half▼ 0.6389.95above the sector's middle half▲ 86.5253.81above the sector's middle half▼ 36.14
Return on assets (ROA)-1.1%within the sector's middle half▲ 1.8pp-7.0%below the sector's middle half▼ 5.9pp-21.3%below the sector's middle half▼ 14.3pp-18.1%below the sector's middle half▲ 3.2pp-3.4%within the sector's middle half▲ 14.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,591 in 2025 against €11,629 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €58,684
Equity
€58,370 ▼ 3.3%
Debt
€313 ▼ 72.6%
Debt's share of the balance-sheet total falls from 1.9% to 0.5%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.01▼
2024 · 0.02
ROE
-3.4%▲
2024 · -18.5%
Debt ≤ 1 year
€313▼
2024 · €1,143
A ratio outside any meaningful range has been withheld (balance sheet total €58,684, equity €58,370).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6,833 | - | - | €2,686 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €847 | - | - | - | - | - |
| Other operating charges640/8 | €348 | €348 | €384 | €391 | €400 | ▲ 2.3% |
| Gross operating margin9900 | €908 | -€7,293 | -€15,120 | -€11,239 | -€2,191 | ▲ 80.5% |
| Operating profit (loss)9901 | -€286 | -€7,640 | -€15,504 | -€11,629 | -€2,591 | ▲ 77.7% |
| Financial income75/76B | €81 | €68 | €111 | €567 | €608 | ▲ 7.1% |
| Recurring financial income75 | €81 | €68 | €111 | €567 | €608 | ▲ 7.1% |
| Financial charges65/66B | €1,198 | €1,026 | €42 | €86 | - | - |
| Recurring financial charges65 | €1,198 | €1,026 | €42 | €86 | - | - |
| Profit (loss) for the period before taxes9903 | -€1,403 | -€8,598 | -€15,435 | -€11,148 | -€1,983 | ▲ 82.2% |
| Profit (loss) for the period9904 | -€1,403 | -€8,598 | -€15,435 | -€11,148 | -€1,983 | ▲ 82.2% |
| Transfer from tax-exempt reserves789 | - | - | €7,908 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€1,403 | -€8,598 | -€7,527 | -€11,148 | -€1,983 | ▲ 82.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126,830 | €122,774 | €72,306 | €61,496 | €58,684 | ▼ 4.6% |
| Current assets29/58 | €126,830 | €122,774 | €72,306 | €61,496 | €58,684 | ▼ 4.6% |
| Stocks and contracts in progress3 | €22,329 | €8,521 | €1,037 | €1,009 | €804 | ▼ 20.3% |
| Stocks30/36 | €10,329 | €8,521 | €1,037 | €1,009 | €804 | ▼ 20.3% |
| Contracts in progress37 | €12,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €5,164 | €16,751 | €10,591 | €3,615 | €5,798 | ▲ 60.4% |
| Trade receivables40 | €4,030 | €15,356 | €9,868 | €1,415 | €4,498 | ▲ 218% |
| Other amounts receivable41 | €1,134 | €1,395 | €724 | €2,199 | €1,301 | ▼ 40.9% |
| Cash at bank and in hand54/58 | €99,337 | €97,502 | €60,678 | €55,893 | €52,081 | ▼ 6.8% |
| Deferred charges and accrued income490/1 | - | - | - | €980 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126,830 | €122,774 | €72,306 | €61,496 | €58,684 | ▼ 4.6% |
| Equity10/15 | €95,536 | €86,937 | €71,502 | €60,354 | €58,370 | ▼ 3.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €33,536 | €24,937 | €9,502 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €7,908 | €7,908 | - | - | - | - |
| Distributable reserves133 | €19,427 | €10,829 | €3,302 | - | - | - |
| Profit (loss) carried forward14 | - | - | - | -€7,846 | -€9,830 | ▼ 25.3% |
| Amounts payable17/49 | €31,294 | €35,836 | €804 | €1,143 | €313 | ▼ 72.6% |
| Amounts payable within one year42/48 | €31,294 | €35,836 | €804 | €1,143 | €313 | ▼ 72.6% |
| Trade debts44 | €1,963 | €2,113 | €546 | €1,041 | €313 | ▼ 69.9% |
| Suppliers440/4 | €1,963 | €2,113 | €546 | €1,041 | €313 | ▼ 69.9% |
| Other amounts payable47/48 | €29,331 | €33,723 | €258 | €102 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,403 | -€8,598 | -€15,435 | -€11,148 | -€1,983 | ▲ 82.2% |
| + Depreciation and write-downs630 | €847 | - | - | - | - | - |
| Operating cash flow (approximation) | -€556 | -€8,598 | -€15,435 | -€11,148 | -€1,983 | ▲ 82.2% |
| Change in cash | - | -€1,835 | -€36,824 | -€4,785 | -€3,812 | ▲ 20.3% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 187.20
Current ratio from 53.81 to 187.20; short-term debt falls from €1,143 to €313.
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€15,435
Net result drops to -€15,435, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 26current ratio 89.95
Current ratio from 3.43 to 89.95; short-term debt falls from €35,836 to €804.
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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
Registered office, Oudenaarde · 1 establishment unit since 1988
Ground area
1,359 m²
Building footprint
255 m²
Volume, LiDAR
1,048 m³
Parcel 45508A0218/00M007, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ERLI ELECTRONICS
since 19882.040.412.024
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45508A0218/00M007 | Flanders | 1,359 m² | 1 · 255 m² | 6.0 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.
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Of 765 companies in sector 47552 we hold annual accounts for 444. 339 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-10-1988
Fiscal year end31-12
Activities, NACEBEL 2025
47552Retail sale of lighting equipment
43211General electrical installation work
47784Retail sale of souvenirs and religious articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435372523
Also
9925:BE0435372523
Registered
30-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.