ERMAROCO
ActiveERMAROCO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.16M and a net result of €117k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 95% of 1003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+2
Solvency100=
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 3.91 against 1.33 in 2024; short-term debt: 4.8% and cash: 16% of total assets), and 5.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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
94.3%
Return on assets
9.6%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
43 d early
2023
20 d early
2022
20 d early
2021
42 d early
2020
20 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€117k▲ 10.2%
2024 · €106k
2019: €158k
2020: €-10k
2021: €22k
2022: €628
2023: €6k
2024: €106k
2019 → 2025
Working capital
€169k▲ 180%
2024 · €61k
2019: €151k
2020: €143k
2021: €140k
2022: €142k
2023: €101k
2024: €61k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.15M-€1.15M▲ 0.1%€1.11M▼ 3.6%€1.06M▼ 3.9%€1.16M▲ 9.0%
Operating result€33k-€4k▼ 88.5%€11k▲ 190%€-12k€-3k▲ 71.2%
Net result€22k-€628▼ 97.1%€6k▲ 834%€106k▲ 1,715%€117k▲ 10.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €12k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.23M
Fixed assets
€999k▼ 1.8%
Current assets
€228k▼ 7.3%
Equity and liabilities €1.23M
Equity
€1.16M▲ 9.0%
Debt
€70k▼ 65.3%
The debt ratio falls from 15.9% to 5.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▲
2024 · €10k
Cash flow
€140k▲
2024 · €128k
Solvency
94.3%▲
2024 · 84.1%
Current ratio
3.91▲
2024 · 1.33
Quick ratio
3.91▲
2024 · 1.33
Debt / equity
0.06▼
2024 · 0.19
ROE
10.1%▲
2024 · 10.0%
ROA
9.6%▲
2024 · 8.4%
Interest coverage
16.25▲
2024 · 8.10
Debt
€70k▼
2024 · €201k
Debt ≤ 1 year
€58k▼
2024 · €185k
Debt > 1 year
€11k▼
2024 · €16k
Income taxes
€13k▲
2024 · €11k
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€1.26M€1.23M▼
Fixed assets21/28€1.02M€999k▼
Tangible fixed assets22/27€49k€31k▼
Furniture and vehicles24€49k€31k▼
Financial fixed assets28€968k€968k=
Current assets29/58€246k€228k▼
Amounts receivable within one year40/41€3k€17k▲
Trade receivables40€583€4k▲
Other amounts receivable41€2k€13k▲
Cash at bank and in hand54/58€230k€196k▼
Deferred charges and accrued income490/1€13k€15k▲
Equity and liabilities
Total equity and liabilities10/49€1.26M€1.23M▼
Equity10/15€1.06M€1.16M▲
Contributions10/11€502k€502k=
Reserves13€148k€243k▲
Non-distributable reserves130/1€14k€14k=
Reserves not available under the articles1311€14k€14k=
Distributable reserves133€134k€229k▲
Profit (loss) carried forward14€411k€411k=
Amounts payable17/49€201k€70k▼
Amounts payable after more than one year17€16k€11k▼
Financial debts170/4€16k€11k▼
Amounts payable within one year42/48€185k€58k▼
Current portion of amounts payable after more than one year42€14k€4k▼
Financial debts43€284€3k▲
Credit institutions430/8€0-
Other loans439€284€3k▲
Trade debts44€20k€25k▲
Suppliers440/4€20k€25k▲
Taxes, remuneration and social security45€891€6k▲
Taxes450/3€891€6k▲
Other amounts payable47/48€150k€20k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€23k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€11k€23k▲
Operating profit (loss)9901€-12k€-3k▲
Financial income75/76B€130k€135k▲
Recurring financial income75€130k€135k▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€117k€130k▲
Income taxes67/77€11k€13k▲
Profit (loss) for the period9904€106k€117k▲
Profit (loss) for the period to be appropriated9905€106k€117k▲
Appropriation of the result
Profit (loss) to be appropriated9906€518k€529k▲
Profit (loss) brought forward from the previous period14P€411k€411k=
Transfer from equity791/2€150k€22k▼
Transfer to equity691/2€106k€117k▲
To other reserves6921€106k€117k▲
Profit to be distributed694/7€150k€22k▼
Return on contributions (dividend)694€150k€22k▼
The notes to these accounts (16 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
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Liquidity triplescurrent ratio 3.91
Current ratio from 1.33 to 3.91; short-term debt falls from €185k to €58k.
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
11-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €-10k ▼106%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Comblain-au-Pont
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.
Grand Enclos 544171 Comblain-au-PontGround area
1,799 m²
Building footprint
186 m²
Volume, LiDAR
1,500 m³
Parcel 61051D0290/00G000, Wallonia · tallest building 16.5 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61051D0290/00G000 | Wallonia | 1,799 m² | 1 · 186 m² | 16.5 m · 3 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.
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FCMX
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GDW M. HONORE
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Of 1,021 companies in sector 69103 we hold annual accounts for 611. 342 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2007
Fiscal year end30-06
Activities, NACEBEL
69103Activities of bailiffs
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.