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ERMANUSTE

Active Private limited companyfounded 2023active for 3 yearsRuitjesbosstraat 8, 8820 TorhoutKBO/BCE: BE 0801.051.635
ERMANUSTE
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Overview

Lifetime

3 annual accounts with figures on one time axis
peak €45,591 (2025)
€45,591▲ 29.1%
lowest -€15,168 (2023)
€797▼ 15.6%
peak -€8,426 (2025)
-€8,426▲ €797
€325,329▼ 7.3%
Board2 names since 2023
2 directors and 1 other
Documentsfilings and deeds
19-06-202642 days before the deadline
2025abbreviated format
Gross margin from €35,308 to €45,591Cash from €31,125 to €50,635

Key points

from the 2025 annual accounts

Equity

-€8,426
202320242025

Debts exceed assets in financial year 2025.

Turnover

≈ €160,000 estimated

The abbreviated format states no turnover.

Debts

€325,329 103% of the balance sheet
Financial debts 92%Suppliers 1%Taxes and wages 4%Other 3%

Of this, €27,329 falls due within a year.

Liquidity

4.11 was 7.58 in 2024

Short-term debts rose from €12,861 to €27,329.

Filings

3 annual accounts 1 late
AprilJune31 JulyOctober202320242025

The 2024 accounts came 25 days late. The other two were filed on time.

Position in the sector

-2.7%

Lower solvency than 95% of companies in financial services. Sector median 50.8% · 6,710 companies.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.

Bankruptcy probability within 12 months

The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Daily manager
Director, since 21-04-2023
  • 50 sharesdeed of 25-04-2023
  • 50 sharesdeed of 25-04-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0801051635
New establishment in Torhout Octavie.store, Markt 26b
Incorporation Founders: and · 100 shares · Appointments: (director) and (director) · published on 25-04-2023 · Gazette deed
First establishment Ruitjesbosstraat 8, Torhout
All 9 events

Comparable companies

same main activity, similar in size and age
Company
ERMANUSTE Torhout €316,903 €45,591 -2.7% -
ANIROX Middelkerke €335,513 €43,042 42.4% -
Rafa Invest Bruges €319,963 €56,976 27.1% -
WALLEYN Middelkerke €352,797 €49,945 27.0% -
DH SERVICE Wevelgem €288,251 €44,279 31.0% -
ELJFI Meise €322,582 €47,165 31.2% -
SKAW Asse €320,040 €47,732 31.9% -

These companies have the same main activity as ERMANUSTE: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €288,000 and €353,000, founded in 2023.

Official details

Source: KBO
Status
Active since 21-04-2023Normal situation
Activity
Activities of holding companiesNACE 64210and 5 others
Establishment units
2.344.918.0858820 Torhout, since 21-04-2023
2.352.704.2178820 Torhout, since 06-12-2023
Financial year end
31 December
Peppol
Reachable since 10-11-2025
Company details

Annual accounts 2025

€797▼ 15.6%
-€8,426▲ 8.6%
€316,903▼ 7.2%
Filing
Filed on 19-06-2026, 42 days before the end of the filing period
Financials

Insights on ERMANUSTE

ERMANUSTE files the abbreviated format. That format states no turnover. The gross margin rose from -€9,347 in 2023 to €45,591 in 2025.

The balance sheet grew most in 2024 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 19-06-2026, 42 days before the deadline
-€8,426
▲ €797
€316,903
▼ 7.2%
€797
▼ 15.6%
-2.7%
unchanged
-
0.3%
unchanged

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance sheet

balance sheet total €316,903 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-2.7%

Lower than 95% of 6,710 companies in 2025.

0.3%

Higher than 23% of 6,675 companies in 2025.

ERMANUSTE Middle half of the sector 80% of the sector Abbreviated accounts in financial services (NACE 64)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023
Balance sheet: assets
20/58 316,903341,638100,075
21/28 204,603244,16569,639
21 1,0011,258-
22/27 200,602239,90769,639
23 5,5665,633-
24 136,316168,50769,639
26 58,72065,767-
28 3,0003,000-
29/58 112,30097,47330,436
3 52,17354,1555,257
30/36 52,17354,1555,257
40/41 224,969910
40 04,969908
41 2202
54/58 50,63531,12524,269
490/1 9,4707,223-
Balance sheet: equity and liabilities
10/49 316,903341,638100,075
10/15 -8,426-9,223-10,168
10/11 5,0005,0005,000
14 -13,426-14,223-15,168
17/49 325,329350,861110,243
17 298,000338,000-
170/4 298,000338,000-
42/48 27,32912,861110,243
44 4,5951,253937
440/4 4,5951,253937
46 8,6705,161-
45 12,2125,556243
450/3 12,2125,556243
47/48 1,853892109,063
Income statement
9900 45,59135,308-9,347
630 42,06032,0634,974
640/8 1,6311,497826
9901 1,9001,748-15,147
75/76B 3690-
75 3690-
65/66B 75066120
65 75066120
9903 1,1851,176-15,168
67/77 388232-
9904 797945-15,168
9905 797945-15,168
Appropriation of the result
9906 -13,426-14,223-15,168
14P -14,223-15,168-
Document PDFPDFPDF

The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 19-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 19-06-2026 2026-00176142 PDF
31-12-2024 abbreviated format 25-08-2025 2025-00396330 PDF
31-12-2023 abbreviated format 31-07-2024 2024-00312547 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023
2,498206,58974,613
19,5096,856-
-2.7%-2.7%-10.2%
0.3%0.3%-15.2%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item202520242023
Tangible fixed assets€2,498€202,302€74,613
Intangible fixed assets-€1,287-
Financial fixed assets€0€3,000-
€42,060€32,063€4,974

Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)

Insights on ERMANUSTE

The operating result for 2025 is 9% higher than in 2024 and the highest since 2023. It is the second rise in a row.

Equity is negative. Debt (€325,329) exceeds the balance-sheet total (€316,903).

Board & ownership

Board

2 directors, 1 in day-to-day management, since incorporation
Director (not named in the articles) and day-to-day manager
director (not named in the articles) since 21-04-2023 day-to-day manager appointed by deed of 25-04-2023 term for the life of the company
listed in the 2025 annual accounts, filed on 19-06-2026
Director (not named in the articles)
since 21-04-2023 term for the life of the company
listed in the 2025 annual accounts, filed on 19-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“afzonderlijk, ook wanneer er meerdere zijn, vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Binnen…”
deed of 25-04-2023

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Director (not named in the articles), Day-to-day manager

Director (not named in the articles)
LeadershipBoard
Mandates as a list
    • Director (not named in the articles), from 21-04-2023 to date
    • Day-to-day manager, appointed by deed of 25-04-2023, still in office
    • Director (not named in the articles), from 21-04-2023 to date

See the board, name and registered office on a given date →

Control

Founders
,
This company
ERMANUSTE
Equity -€8,426
Profit €797 in 2025

Capital

Contribution
€5,000
Shares
100
Contribution per share
€50
Equity per share
-€84.26 in 2025
Source
2025 annual accounts

Articles of association

deed of 25-04-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
“Alle handelingen nodig of dienstig tot verwezenlijking voorwerp,behoudens alleen algemene vergadering bevoegd volgens Wetboek van…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
15 June at 18:00

Shareholders

At incorporation deed of 25-04-2023 ↗
  • 50 shares (50%)
  • 50 shares (50%)

Network & group

No group

ERMANUSTE has no parent and no holdings in its annual accounts. ERMANUSTE shares no director with another company.

Timeline

Timeline

9 events since 2023

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 42 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0801051635
Annual accounts 2024 filed PDFabbreviated format · 25 days late
2024
Back to profit net €945 The net result is €945, after one loss-making year.
Liquidity more than 27 times current ratio 7.58 The current ratio rises from 0.28 to 7.58. Short-term debt falls from €110,243 to €12,861.
Annual accounts 2023 filed PDFabbreviated format · on the deadline day
2023
New establishment in Torhout Octavie.store, Markt 26b
IncorporationFounders: and · 100 shares · Appointments: (director) and (director) · published on 25-04-20237 points ▸
  • Founder,
  • Founder,
  • 100 shares
  • Registered office clause, Ruitjesbosstraat8
  • Director appointment, (director (not named in the articles))
  • Director appointment, (director (not named in the articles))
  • Director appointment, (day-to-day manager)
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment Ruitjesbosstraat 8, Torhout

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

ERMANUSTE was incorporated on 21 April 2023 as a private limited company by two natural persons.12 The board currently has 2 members, 2 of whom have served since 2023.3 Total assets rose from €100,075 in 2023 to €316,903 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 25-04-2023
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2023 and 2025

Company details

Identity

Enterprise number
0801.051.635
VAT number
BE 0801.051.635
Peppol ID
0208:0801051635
Legal form
Private limited company
Status
Active, normal situation
Founded
21-04-2023
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
15 June at 18:00
deed of 25-04-2023 (in Dutch)
Peppol
Reachable since 10-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ERMANUSTE in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 25-04-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 25-04-2023 (in Dutch)

Activities

NACEBEL 2025
64210 Activities of holding companies main activity
47789 Other retail sale of new goods
70100 Activities of head offices
71121 Engineering and related technical consultancy, excluding land surveyors
82100 Office administrative and support services
85599 Other education
Codes under NACEBEL 2008
64200 Holdings main activity
47789 Retail trade
70100 Activities of head offices
71121 Engineering activities
82110 Office administrative, office support and other business support activities
85599 Other education

Registered office and establishments

2 establishments
Establishment Since Unit numberFASFC approval
Ruitjesbosstraat 8 registered office 8820 Torhout 31009 Manufacture of furniture 21-04-2023 2.344.918.085
Octavie.store Markt 26b, 8820 Torhout 47110 Non-specialised retail sale with food, beverages or tobacco predominating 06-12-2023 2.352.704.217 Retailer of food >3 months

Buildings and parcels at the addresses

Ground area
2,170 m²
Buildings
475 m²
Volume, LiDAR
2,453 m³
Tallest building
12.2 m
Buildings to scale, each on its own parcel
312 m², 7.5 m 163 m², 12.2 m 312 m², 7.5 m 163 m², 12.2 m

Location

registered office establishment All 2 establishment units on the map

Parcels

Cadastral parcelArea Buildings Height / floors
31522D0232/00M0001,958 m² 1 · 312 m² 7.5 m · 1
31033K0306/00L000212 m² 1 · 163 m² 12.2 m · 3

Recognitions

Food safety, FASFC

1 site
Torhoutunit number 2.352.704.217
1 permission
Retailer of food >3 months · since 06-12-2023

Source: FAVV-AFSCA, open data, updated on 02-11-2026

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