ERMD
Annual accounts 2025
micro format, filed on 07-07-2026, 24 days before the deadlineMoney flows
no detail for 2025Balance sheet
balance sheet total €7,908 on 31-12-2025in euro
in euro
Position in the sector
-65.5%
Higher than 6% of 5,940 companies in 2025.
0.60
Higher than 19% of 5,694 companies in 2025.
-142.1%
Lower than 95% of 5,757 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 1 person joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
7,908 | 18,554 | 14,250 | 24,560 | 40,593 | 34,163 | |
21/28 |
- | - | - | 5,468 | 12,768 | 20,067 | |
22/27 |
- | - | - | 5,468 | 12,768 | 20,067 | |
24 |
- | - | - | 5,468 | 12,768 | 20,067 | |
29/58 |
7,908 | 18,554 | 14,250 | 19,092 | 27,826 | 14,096 | |
40/41 |
1,131 | 12,411 | 9,198 | 13,624 | 12,866 | 12,522 | |
40 |
1,107 | 12,411 | 9,095 | 13,624 | 12,866 | 10,588 | |
41 |
24 | - | 103 | - | - | 1,934 | |
54/58 |
4,253 | 6,119 | 5,027 | 5,384 | 14,936 | 1,550 | |
490/1 |
2,525 | 24 | 24 | 84 | 24 | 25 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
7,908 | 18,554 | 14,250 | 24,560 | 40,593 | 34,163 | |
10/15 |
-5,177 | 6,059 | 3,976 | 10,945 | 16,701 | 9,909 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
11 |
- | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
1109/19 |
- | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
14 |
-8,177 | 3,059 | 976 | 7,945 | 13,701 | 6,909 | |
17/49 |
13,086 | 12,495 | 10,274 | 13,615 | 23,892 | 24,254 | |
17 |
- | - | - | - | 5,190 | 10,276 | |
170/4 |
- | - | - | - | 5,190 | 10,276 | |
42/48 |
13,086 | 12,495 | 10,274 | 13,615 | 18,702 | 13,978 | |
42 |
- | - | - | 5,190 | 5,086 | 4,984 | |
44 |
435 | 485 | 2,896 | 553 | 1,214 | 777 | |
440/4 |
435 | 485 | 2,896 | 553 | 1,214 | 777 | |
46 |
9,558 | 9,558 | - | - | - | - | |
45 |
373 | 1,037 | 5,749 | 3,687 | 5,596 | 3,077 | |
450/3 |
373 | 921 | 3,347 | 3,687 | 4,246 | 1,727 | |
454/9 |
0 | 117 | 2,402 | - | 1,350 | 1,350 | |
47/48 |
2,719 | 1,414 | 1,629 | 4,185 | 6,806 | 5,139 | |
| Income statement | |||||||
70 |
- | - | - | 61,980 | 67,630 | - | |
9900 |
-5,976 | 6,695 | 171 | 3,141 | 17,222 | 11,045 | |
60/61 |
- | - | - | 61,516 | 53,602 | - | |
62 |
2,898 | 2,232 | 1,133 | 460 | - | - | |
630 |
- | - | 5,468 | 7,299 | 7,299 | 1,883 | |
640/8 |
2,206 | 2,206 | 357 | 238 | 298 | 124 | |
9901 |
-11,080 | 2,257 | -6,787 | -4,857 | 9,624 | 9,038 | |
75/76B |
0 | 0 | 1 | 1 | - | 2 | |
75 |
0 | 0 | 1 | 1 | - | 2 | |
65/66B |
156 | 174 | 183 | 900 | 988 | 404 | |
65 |
156 | 174 | 183 | 900 | 988 | 404 | |
9903 |
-11,236 | 2,083 | -6,969 | -5,756 | 8,636 | 8,637 | |
67/77 |
- | - | - | - | 1,844 | 1,727 | |
9904 |
-11,236 | 2,083 | -6,969 | -5,756 | 6,792 | 6,909 | |
9905 |
-11,236 | 2,083 | -6,969 | -5,756 | 6,792 | 6,909 | |
| Appropriation of the result | |||||||
9906 |
-8,177 | 3,059 | 976 | 7,945 | 13,701 | 6,909 | |
14P |
3,059 | 976 | 7,945 | 13,701 | 6,909 | - | |
| Social balance sheet | |||||||
9087 |
- | 0.8 | 0.4 | - | - | - | |
Hours worked1013 |
129 | 69 | 45 | 15 | - | - | |
| Document | |||||||
The notes to these accounts have 7 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 07-07-2026.
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 | micro format | 07-07-2026 | 2026-00275195 | |
| 31-12-2024 | full format | 28-07-2025 | 2025-00324181 | |
| 31-12-2023 | full format | 28-06-2024 | 2024-00197836 | |
| 31-12-2022 | full format | 23-06-2023 | 2023-00158164 | |
| 31-12-2021 | full format | 29-06-2022 | 2022-20129589 | |
| 31-12-2020 | full format | 29-07-2021 | 2021-42100459 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| - | - | -1,319 | 2,443 | 16,923 | 10,921 | ||
| - | - | -1,501 | 1,543 | 14,091 | 8,792 | ||
| 0 | - | 0 | 0 | 0 | 21,950 | ||
| -1,866 | 1,092 | -357 | -9,552 | 13,386 | - | ||
| -5,177 | 6,059 | 3,976 | 5,477 | 9,123 | 118 | ||
| - | - | - | -7.8% | 14.2% | - | ||
| -65.5% | 32.7% | 27.9% | 44.6% | 41.1% | 29.0% | ||
| 0.60 | 1.48 | 1.39 | 1.40 | 1.49 | 1.01 | ||
| - | 2.06 | 2.58 | 1.24 | 1.43 | 2.45 | ||
| - | 34.4% | -175.3% | -52.6% | 40.7% | 69.7% | ||
| -142.1% | 11.2% | -48.9% | -23.4% | 16.7% | 20.2% | ||
| - | - | -7.20 | 2.71 | 17.12 | - | ||
| - | - | - | 80 days | 69 days | - | ||
| - | - | - | 3 days | 8 days | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | - | - | 1 |
| part-time | - | - | - | 1 |
| in full-time equivalents | - | - | - | 0.4 |
| - | 0.1 | 0.1 | - | |
| Joined | 1 | - | 1 | 1 |
| Left | 1 | - | 1 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | €0 | - | - | - | - |
| - | - | €5,468 | €7,299 | €7,299 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ERMD
The operating result for 2025 is a loss of €11,080, after a profit of €2,257 in 2024. It is the lowest result since 2020.
Equity is negative. Debt (€13,086) exceeds the balance-sheet total (€7,908).