ERLIN
ActiveERLIN has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.32M and a net result of €271k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 85% of 8578 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▼-18
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €370k at 30 days acceptable
Liquidity ample (current ratio 8.34 against 7.46 in 2024), and 10.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
89.4%
Return on assets
5.6%
Age of the figures
8 mo
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
16 d early
2023
39 d early
2022
7 d early
2021
16 d early
2020
9 d early
2019
7 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.32M▲ 6.0%
2024 · €4.07M
2018: €1.48M
2019: €1.54M
2020: €2.00M
2021: €2.31M
2022: €3.12M
2023: €3.71M
2024: €4.07M
2018 → 2025
Total assets
€4.83M▲ 4.2%
2024 · €4.64M
2018: €2.31M
2019: €2.27M
2020: €2.57M
2021: €2.91M
2022: €3.76M
2023: €4.66M
2024: €4.64M
2018 → 2025
Net result
€271k▼ 32.1%
2024 · €400k
2018: €499k
2019: €394k
2020: €459k
2021: €744k
2022: €874k
2023: €977k
2024: €400k
2018 → 2025
Working capital
€3.77M▲ 11.1%
2024 · €3.39M
2018: €1.30M
2019: €1.38M
2020: €1.87M
2021: €2.13M
2022: €2.83M
2023: €3.03M
2024: €3.39M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.31M-€3.12M▲ 35.1%€3.71M▲ 18.8%€4.07M▲ 9.7%€4.32M▲ 6.0%
Operating result€974k-€1.10M▲ 13.2%€1.23M▲ 11.3%€473k▼ 61.5%€313k▼ 33.8%
Net result€744k-€874k▲ 17.4%€977k▲ 11.8%€400k▼ 59.1%€271k▼ 32.1%
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 has fallen two years in a row; 2025 is 34% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.83M
Fixed assets
€552k▼ 23.6%
Current assets
€4.28M▲ 9.3%
Equity and liabilities €4.83M
Equity
€4.32M▲ 6.0%
Debt
€513k▼ 9.0%
The debt ratio falls from 12.2% to 10.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€540k▼
2024 · €678k
Cash flow
€499k▼
2024 · €605k
Solvency
89.4%▲
2024 · 87.8%
Current ratio
8.34▲
2024 · 7.46
Quick ratio
6.78▲
2024 · 6.36
Debt / equity
0.12▼
2024 · 0.14
ROE
6.3%▼
2024 · 9.8%
ROA
5.6%▼
2024 · 8.6%
Interest coverage
62.37▼
2024 · 116.01
Debt
€513k▼
2024 · €564k
Debt ≤ 1 year
€513k▼
2024 · €525k
Income taxes
€92k▼
2024 · €131k
Staff costs
€2.31M▲
2024 · €2.11M
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€4.64M€4.83M▲
Fixed assets21/28€722k€552k▼
Tangible fixed assets22/27€708k€529k▼
Plant, machinery and equipment23€115k€110k▼
Furniture and vehicles24€493k€336k▼
Other tangible fixed assets26€101k€83k▼
Financial fixed assets28€13k€23k▲
Current assets29/58€3.92M€4.28M▲
Stocks and contracts in progress3€575k€801k▲
Stocks30/36€575k€801k▲
Amounts receivable within one year40/41€1.55M€1.54M▼
Trade receivables40€1.23M€1.39M▲
Other amounts receivable41€324k€151k▼
Current investments50/53€717k€1.02M▲
Cash at bank and in hand54/58€1.00M€868k▼
Deferred charges and accrued income490/1€67k€54k▼
Equity and liabilities
Total equity and liabilities10/49€4.64M€4.83M▲
Equity10/15€4.07M€4.32M▲
Contributions10/11€19k€19k=
Reserves13€4.06M€4.30M▲
Tax-exempt reserves132€70k€70k=
Distributable reserves133€3.98M€4.23M▲
Amounts payable17/49€564k€513k▼
Amounts payable within one year42/48€525k€513k▼
Trade debts44€335k€249k▼
Suppliers440/4€335k€249k▼
Taxes, remuneration and social security45€190k€238k▲
Taxes450/3€302-
Remuneration and social security454/9€190k€238k▲
Other amounts payable47/48-€26k
Accrued charges and deferred income492/3€39k-
Income statement
Code20242025
Remuneration, social security and pensions62€2.11M€2.31M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€205k€227k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€34k€-17k▼
Other operating charges640/8€19k€66k▲
Non-recurring operating charges66A€8k-
Gross operating margin9900€2.85M€2.90M▲
Operating profit (loss)9901€473k€313k▼
Financial income75/76B€64k€60k▼
Recurring financial income75€64k€60k▼
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€531k€364k▼
Income taxes67/77€131k€92k▼
Profit (loss) for the period9904€400k€271k▼
Profit (loss) for the period to be appropriated9905€400k€271k▼
Appropriation of the result
Profit (loss) to be appropriated9906€400k€271k▼
Transfer to equity691/2€362k€246k▼
To other reserves6921€362k€246k▼
Profit to be distributed694/7€38k€25k▼
Directors or managers695€38k€25k▼
Social balance
Average headcount (FTE)908733.136.3▲
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
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €271k ▼32.1%
Net result drops to €271k, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €977k ▲11.8%
Operating result €1.23M, net result €977k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €2MEq €2.00M ▲29.8%
3 profitable years in a row build equity to €2.00M.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Genk · 1 establishment unit since 1996
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.
Marcel Habetslaan 383600 GenkGround area
3,351 m²
Building footprint
1,541 m²
Volume, LiDAR
9,545 m³
Parcel 71302A0032/00B032, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hotec
since 19962.079.056.032
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0032/00B032 | Flanders | 3,351 m² | 1 · 1,541 m² | 8.9 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
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BATISUD
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Of 19,948 companies in sector 43320 we hold annual accounts for 9,082. 1,497 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-1996
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
70200Business and other management consultancy
70220Business consulting
74142
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 28 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.