ERMA
ActiveSummary
ERMA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €170,543. Equity is growing by ~9.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-7
Solvency96▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity short (current ratio 0.24 against 0.3 in 2024; short-term debt: 5.3% and cash: 1.1% of total assets), and 29.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
70.5%
Return on assets
8.4%
Age of the figures
9 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 27-07-2026, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 d early
2024
28 d early
2023
27 d early
2022
6 d early
2021
32 d early
2020
2 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.4m▲ 1.5%
2024 · €1.4m
Total assets
€2.0m▼ 1.2%
2024 · €2.0m
Net result
€170,543▼ 40.5%
2024 · €286,846
Working capital
-€81,036▼ 1.3%
2024 · -€80,012
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€33,387▼ 1,157%-€1,214▲ 96.4%-€29,324▼ 2,316%€6,765€640▼ 90.5%
Net result€155,623▲ 30.9%€286,355▲ 84.0%-€43,661€286,846€170,543▼ 40.5%
Equity€1.1m▲ 15.7%€1.4m▲ 22.4%€1.2m▼ 17.4%€1.4m▲ 21.3%€1.4m▲ 1.5%
Total assets€1.7m▲ 27.7%€1.7m▲ 3.0%€2.1m▲ 23.2%€2.0m▼ 3.4%€2.0m▼ 1.2%
Debt€523,156▲ 32.3%€317,285▼ 39.4%€959,837▲ 203%€641,863▼ 33.1%€596,023▼ 7.1%
Working capital-€187,438▲ 17.4%€59,701-€307,304-€80,012▲ 74.0%-€81,036▼ 1.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€2.0m ▼ 0.8%
Current assets
€25,493 ▼ 24.8%
Equity and liabilities €2.0m
Equity
€1.4m ▲ 1.5%
Debt
€596,023 ▼ 7.1%
Debt's share of the balance-sheet total falls from 31.3% to 29.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,358▼
2024 · €27,459
Cash flow
€191,262▼
2024 · €307,540
Current ratio
0.24▼
2024 · 0.30
Debt to equity
0.42▼
2024 · 0.46
ROE
12.0%▼
2024 · 20.4%
ROA
8.4%▼
2024 · 14.0%
Interest coverage
1.23▼
2024 · 1.25
Debt ≤ 1 year
€106,528▼
2024 · €113,895
Debt > 1 year
€488,497▼
2024 · €526,913
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,466 | €10,649 | €31,722 | €20,694 | €20,718 | ▲ 0.1% |
| Other operating charges640/8 | €1,179 | €2,068 | €2,525 | €3,540 | €3,652 | ▲ 3.2% |
| Gross operating margin9900 | -€17,743 | €11,503 | €4,923 | €30,999 | €25,010 | ▼ 19.3% |
| Operating profit (loss)9901 | -€33,387 | -€1,214 | -€29,324 | €6,765 | €640 | ▼ 90.5% |
| Financial income75/76B | €202,230 | €299,600 | €239 | €301,984 | €187,307 | ▼ 38.0% |
| Recurring financial income75 | €202,230 | €299,600 | €239 | €301,984 | €187,307 | ▼ 38.0% |
| Financial charges65/66B | €13,220 | €12,032 | €14,576 | €21,903 | €17,404 | ▼ 20.5% |
| Recurring financial charges65 | €13,220 | €12,032 | €14,576 | €21,903 | €17,404 | ▼ 20.5% |
| Profit (loss) for the period before taxes9903 | €155,623 | €286,355 | -€43,661 | €286,846 | €170,543 | ▼ 40.5% |
| Profit (loss) for the period9904 | €155,623 | €286,355 | -€43,661 | €286,846 | €170,543 | ▼ 40.5% |
| Profit (loss) for the period to be appropriated9905 | €155,623 | €286,355 | -€43,661 | €286,846 | €170,543 | ▼ 40.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.7m | €2.1m | €2.0m | €2.0m | ▼ 1.2% |
| Fixed assets21/28 | €1.6m | €1.6m | €2.0m | €2.0m | €2.0m | ▼ 0.8% |
| Tangible fixed assets22/27 | €411,493 | €400,844 | €815,700 | €796,069 | €779,163 | ▼ 2.1% |
| Land and buildings22 | €411,493 | €400,844 | €815,700 | €796,069 | €779,163 | ▼ 2.1% |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €40,213 | €101,345 | €85,380 | €33,884 | €25,493 | ▼ 24.8% |
| Amounts receivable within one year40/41 | €15,131 | €29,817 | €25,116 | - | €2,235 | - |
| Other amounts receivable41 | €15,131 | €29,817 | €25,116 | - | €2,235 | - |
| Cash at bank and in hand54/58 | €25,082 | €71,528 | €59,166 | €32,762 | €21,694 | ▼ 33.8% |
| Deferred charges and accrued income490/1 | - | - | €1,098 | €1,121 | €1,564 | ▲ 39.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €2.1m | €2.0m | €2.0m | ▼ 1.2% |
| Equity10/15 | €1.1m | €1.4m | €1.2m | €1.4m | €1.4m | ▲ 1.5% |
| Contributions10/11 | €131,400 | €131,400 | €131,400 | €131,400 | €131,400 | = |
| Reserves13 | €1.0m | €1.3m | €1.0m | €1.3m | €1.3m | ▲ 1.6% |
| Non-distributable reserves130/1 | €13,140 | €13,140 | - | - | - | - |
| Reserves not available under the articles1311 | €13,140 | €13,140 | - | - | - | - |
| Distributable reserves133 | €1.0m | €1.3m | €1.0m | €1.3m | €1.3m | ▲ 1.6% |
| Amounts payable17/49 | €523,156 | €317,285 | €959,837 | €641,863 | €596,023 | ▼ 7.1% |
| Amounts payable after more than one year17 | €295,506 | €275,641 | €564,390 | €526,913 | €488,497 | ▼ 7.3% |
| Financial debts170/4 | €295,506 | €275,641 | €564,390 | €526,913 | €488,497 | ▼ 7.3% |
| Amounts payable within one year42/48 | €227,651 | €41,644 | €392,684 | €113,895 | €106,528 | ▼ 6.5% |
| Current portion of amounts payable after more than one year42 | €19,625 | €19,865 | €37,912 | €38,874 | €39,868 | ▲ 2.6% |
| Financial debts43 | €188,276 | - | - | - | - | - |
| Other loans439 | €188,276 | - | - | - | - | - |
| Trade debts44 | €146 | €776 | €2,342 | €1,644 | €88 | ▼ 94.7% |
| Suppliers440/4 | €146 | €776 | €2,342 | €1,644 | €88 | ▼ 94.7% |
| Other amounts payable47/48 | €19,603 | €21,003 | €352,430 | €73,377 | €66,572 | ▼ 9.3% |
| Accrued charges and deferred income492/3 | - | - | €2,762 | €1,055 | €997 | ▼ 5.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €155,623 | €286,355 | -€43,661 | €286,846 | €170,543 | ▼ 40.5% |
| + Depreciation and write-downs630 | €14,466 | €10,649 | €31,722 | €20,694 | €20,718 | ▲ 0.1% |
| Operating cash flow (approximation) | €170,089 | €297,004 | -€11,939 | €307,540 | €191,262 | ▼ 37.8% |
| Investment in fixed assets (approximation) | - | €0 | -€446,578 | -€1,063 | -€3,812 | ▼ 259% |
| Change in cash | - | €46,446 | -€12,362 | -€26,404 | -€11,068 | ▲ 58.1% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €286,846
Net result €286,846 after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€43,661
Net result drops to -€43,661, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 14current ratio 2.43
Current ratio from 0.18 to 2.43; short-term debt falls from €227,651 to €41,644.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1mEq €1.1m ▲15.7%
4 profitable years in a row build equity to €1.1m.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Dilbeek · 1 establishment unit since 2016
Ground area
6,104 m²
Building footprint
915 m²
Volume, LiDAR
5,694 m³
Parcel 23070A0454/00B000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ERMA
since 20162.255.873.768
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23070A0454/00B000 | Flanders | 6,103 m² | 1 · 915 m² | 8.4 m · 2 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.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
- Sourceaccounts EVDW 202520%
Holdings 1
-
99.87%
According to the 2025 annual accounts of ERMA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company
Founded18-08-2016
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0660982546
Registered
28-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.