ERLY
ActiveThe computed 12-month bankruptcy probability of ERLY is 1.8% (moderate). The 2025 annual accounts show equity of €35k and a net result of €22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 74% of 3609 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
100
/ 100
Excellent▲ +6 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency95▲+8
Growth58=
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 1.84 in 2023), and 45.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Equity grew over 2022-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
18192021222325
2018 to 2025 · latest year €35k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2023
56 d late
2022
87 d late
2021
88 d late
2020
25 d late
2019
89 d late
2018
56 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Equity
€35k▲ 178%
2023 · €12k
2018: €35k
2019: €21k
2020: €14k
2021: €-8k
2022: €2k
2023: €12k
2018 → 2025
Total assets
€64k▲ 137%
2023 · €27k
2018: €93k
2019: €74k
2020: €52k
2021: €16k
2022: €28k
2023: €27k
2018 → 2025
Net result
€22k▲ 115%
2023 · €10k
2018: €6k
2019: €-14k
2020: €-7k
2021: €-22k
2022: €10k
2023: €10k
2018 → 2025
Working capital
€27k▲ 125%
2023 · €12k
2018: €13k
2019: €6k
2020: €12k
2021: €322
2022: €4k
2023: €12k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€14k-€-8k€2k€12k▲ 482%€35k▲ 178%
Operating result€-5k-€-21k▼ 275%€11k€11k▲ 0.8%€23k▲ 109%
Net result€-7k-€-22k▼ 242%€10k€10k▲ 2.6%€22k▲ 115%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2025 is 109% above 2023 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €64k
Fixed assets
€7k▲ 2,635%
Current assets
€57k▲ 112%
Equity and liabilities €64k
Equity
€35k▲ 178%
Debt
€29k▲ 102%
The debt ratio falls from 53.8% to 45.9%: equity grows faster than debt.
Key figures and ratios
EBITDA
€24k▲
2023 · €12k
Cash flow
€24k▲
2023 · €11k
Solvency
54.1%▲
2023 · 46.2%
Current ratio
1.94▲
2023 · 1.84
Quick ratio
1.94▲
2023 · 1.84
Debt / equity
0.85▼
2023 · 1.17
ROE
64.0%▼
2023 · 82.8%
ROA
34.7%▼
2023 · 38.2%
Interest coverage
53.94▲
2023 · 22.99
Debt
€29k▲
2023 · €15k
Debt ≤ 1 year
€29k▲
2023 · €15k
Staff costs
€15k▼
2023 · €27k
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€27k€64k▲
Formation expenses20-€0
Fixed assets21/28€270€7k▲
Tangible fixed assets22/27€20€7k▲
Plant, machinery and equipment23€20€7k▲
Furniture and vehicles24-€0
Financial fixed assets28€250€250=
Current assets29/58€27k€57k▲
Amounts receivable within one year40/41€10k€693▼
Other amounts receivable41€10k€693▼
Cash at bank and in hand54/58€17k€50k▲
Deferred charges and accrued income490/1€138€6k▲
Equity and liabilities
Total equity and liabilities10/49€27k€64k▲
Equity10/15€12k€35k▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€-2k€20k▲
Amounts payable17/49€15k€29k▲
Amounts payable within one year42/48€15k€29k▲
Current portion of amounts payable after more than one year42€2k-
Trade debts44€8k€22k▲
Suppliers440/4€8k€22k▲
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€49€1k▲
Remuneration and social security454/9€4k€6k▲
Other amounts payable47/48-€314
Accrued charges and deferred income492/3-€126
Income statement
Code20232025
Remuneration, social security and pensions62€27k€15k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€4k€6k▲
Gross operating margin9900€44k€46k▲
Operating profit (loss)9901€11k€23k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€516€450▼
Recurring financial charges65€516€450▼
Profit (loss) for the period before taxes9903€10k€22k▲
Profit (loss) for the period9904€10k€22k▲
Profit (loss) for the period to be appropriated9905€10k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€20k▲
Profit (loss) brought forward from the previous period14P€-12k€-2k▲
Social balance
Average headcount (FTE)90870.80.5▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2018net €22k ▲115%
Operating result €23k, net result €22k, both a record.
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 87 days late
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 88 days late
2021
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 56 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
Nguyen Thuy Nhu Tram
CurrentDirector · since 01-05-2024
01-05-2024
Appointed as Director
Location & real-estate footprint
Registered office, De Haan · 1 establishment unit since 2017
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.
Zwaluwenlaan 5A8420 De HaanGround area
776 m²
Building footprint
249 m²
Volume, LiDAR
1,307 m³
Parcel 35007A0520/00K000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Frituur Erly
since 20172.260.913.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007A0520/00K000 | Flanders | 776 m² | 1 · 249 m² | 8.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDe Haan2.260.913.612
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BILJARTPALACE - MERODECENTER
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RC-LG
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Of 21,633 companies in sector 56112 we hold annual accounts for 9,658. 8,319 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2016
Fiscal year end31-03
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.