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ERLYBO

Active
Private limited companyfounded 198739 yrs activeDuinenlaan 85A, 8434 Middelkerke, BelgiumKBO/BCE: BE 0430.912.897
Summary

ERLYBO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €329,605 and a net result of -€20,287. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 58% of 1562 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
ERLYBOActiveChecked score 86/100
Risk analysis ReportCompare

Overview

Activity
Holiday cottages, homes and apartments
NACE 55203
1 site
Size
€1.2mtotal assets 2025
Equity
€329,605
Loss
-€20,287
Turnover not published (abridged schema)
Financial health
86 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Accounts filed 25 d late0 of 7 deeds read
Why 86- Liquidity: current ratio 9.04, cash €684+ Founded in 1987+ Size: total assets €1.2m+ Figures for FY 2025 (filed 25-08-2026)Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Better than 42% of its sector peers (NACE 55, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 54-7
equity 28.6% of total assets
Liquidity 50+13
short-term debt 7.7% · cash 0.1%
Profitability 17-4
return on assets -1.8%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,510 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● 0.0% vs 11-2024lowest value 01-2025: 0.1%● 0.0% vs 12-2024lowest value 02-2025: 0.1%▲ +3.4% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.3%▲ +251% vs 03-2025 05-2025: 0.3%● 0.0% vs 04-2025 06-2025: 0.3%● 0.0% vs 05-2025 07-2025: 0.3%● 0.0% vs 06-2025 08-2025: 0.3%● 0.0% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%● 0.0% vs 12-2025 02-2026: 0.3%● 0.0% vs 01-2026 03-2026: 0.3%● 0.0% vs 02-2026 04-2026: 0.3%▲ +6.3% vs 03-2026 05-2026: 0.3%▲ +0.3% vs 04-2026 06-2026: 0.4%▲ +11.0% vs 05-2026 07-2026: 0.4%▲ +6.7% vs 06-2026 08-2026: 1.0%▲ +145% vs 07-2026highest value 09-2026: 0.3%▼ -73.8% vs 08-2026 10-2026: 0.3%● 0.0% vs 09-2026
  • Liquidity: current ratio 9.04, cash €684 raises the probability
  • Founded in 1987 lowers the probability for this profile
  • Size: total assets €1.2m lowers the probability for this profile
  • Figures for FY 2025 (filed 25-08-2026) lowers the probability
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 9.04 against 2.57 in 2024; short-term debt: 7.7% and cash: 0.1% of total assets), but 71.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 55, micro). Better than this share of them on solvency 55%, liquidity 56%, profitability 21%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 9.04, cash €684
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1987
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: total assets €1.2m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 25-08-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€20,287
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filings
Deviation from the deadline
2025
25 d late
2024
150 d early
2023
26 d early
2022
28 d late
2021
30 d late
2020
27 d late
2019
69 d late
← 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 on the deadline day; the sector median for financial year 2024 is 1 day before the deadline, and 45% 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. Usually files around 25 August (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Weakest financial yearnet -€20,287
  3. Liquidity quadruplescurrent ratio 9.04

Key points

  • Risk: 5 loss-making years in a rowloss fiscal year 2025 -€20,287 View
  • Positive: Among the best 17% on equitysector median €47,054 · 1,564 companies €329,605 View
  • Active since 1987founded 02-04-1987 39 years View

By topic

Financials

Fiscal year
2025
Total assets
€1.2m
Loss
-€20,287
Solvency
28.6%
Total assets▲ 16.9%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 25-08-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 31-12-2025Liquidity quadruples
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Holiday cottages, homes and apartmentsNACE 55203
Founded
02-04-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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