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ERMD

Active Private limited companyfounded 2020active for 6 yearsRue du Résolu 24, 6061 CharleroiKBO/BCE: BE 0743.758.980
ERMD
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €17,222 (2021)
-€5,976▼ €12,671
lowest -€11,236 (2025)
-€11,236▼ €13,320
peak €16,701 (2021)
-€5,177▼ €11,236
€13,086▲ 4.7%
peak 0.8 FTE (2024)
-not published
Board1 name since 2020
1 directorERKHA, Mouloud
Documentsfilings and deeds
07-07-202624 days before the deadline
2025micro format
Gross margin from €6,695 to -€5,976Loss of €11,236Equity from €6,059 to -€5,177Cash from €6,119 to €4,253

Key points

from the 2025 annual accounts

Equity

-€5,177
202020212022202320242025

Debts exceed assets in financial year 2025.

Debts

€13,086 165% of the balance sheet
Suppliers 3%Taxes and wages 3%Other 94%

Liquidity

0.60 was 1.48 in 2024

Short-term debts rose from €12,495 to €13,086.

Checked score

53
Fair
Financially stronger than 16% of micro companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.5% 01-2025: 1.4%▼ -0.1 percentage points vs 12-2024 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.5%▲ +0.1 percentage points vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.7%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 1.2%▼ -0.5 percentage points vs 07-2025 09-2025: 1.3%▲ +0.1 percentage points vs 08-2025 10-2025: 1.2%▼ -0.1 percentage points vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025lowest value 02-2026: 1.4%▲ +0.2 percentage points vs 01-2026 03-2026: 1.4%● unchanged vs 02-2026 04-2026: 1.6%▲ +0.2 percentage points vs 03-2026 05-2026: 1.4%▼ -0.2 percentage points vs 04-2026 06-2026: 1.3%▼ -0.1 percentage points vs 05-2026 07-2026: 1.5%▲ +0.2 percentage points vs 06-2026 08-2026: 1.6%▲ +0.1 percentage points vs 07-2026 09-2026: 1.6%● unchanged vs 08-2026 10-2026: 1.6%● unchanged vs 09-2026 11-2026: 1.6%● unchanged vs 10-2026

Financial strength
Weak

0-58equity -65.5% of total assets
50-5short-term debt 165.5% · cash 53.8%
0-66return on assets -142.1%

Score breakdown

raises risk
Sector: Land transport and transport via pipelines (NACE 49)
Negative equity -€5,177
lowers risk
Size: total assets €7,908
Liquidity: current ratio 0.60, cash €4,253
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 5% of them on solvency, 52% on liquidity, 6% on profitability and 3% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 6,008 companies had the same profile as ERMD has now. Each dot stands for 16 companies, two years later.

83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 0.7% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of ERMD itself: 1.6% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,008 companies, not a prediction for ERMD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

No credit on open account

Liquidity is insufficient, with a current ratio of 0.6 (1.48 in 2024), below 1. Short-term debt is 165.5% and cash 53.8% of total assets. Equity is negative.

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

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €7,908
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Liquidity: current ratio 0.60, cash €4,253
NBB · annual accounts
raises risk · Negative equity -€5,177
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year -€5,177
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 07-07-2026, 24 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
24 days early
2024
3 days early
2023
33 days early
2022
38 days early
2021
32 days early
2020
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 22 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

EM
ERKHA, Mouloud
Director, since 17-02-2020
  • ERKHA, Mouloud founderdeed of 19-02-2020
Board & ownership

Recent changes

Purpose change “La société a pour objet, tant en Belgique qu’à l’étranger, pour compte propre ou compte de tiers ou en…” (deed in French) · General meeting of 11-02-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0743758980
New establishment in Charleroi FRITA'BELLA, Sentier des Mineurs 31
First establishment Rue du Résolu 24, Charleroi
All 13 events

Comparable companies

same main activity, similar in size and age
Company
ERMD Charleroi €7,908 -€5,976 -65.5% -
GOODPHIL Charleroi €9,161 -€10,755 -35.6% -
AMS SERVICES Sint-Pieters-Leeuw €7,029 -€4,374 -451.2% -
Fast & Satisfied Anderlecht €7,336 -€5,682 -136.7% -
RPH INVEST Brussels €9,098 -€1,810 -155.8% -
WADHA TRANSPORT Molenbeek-Saint-Jean €9,120 -€800 -47.4% -
BRACE TRANSPORT Machelen (Brab.) €6,830 €614 49.6% -

These companies have the same main activity as ERMD: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €6,830 and €9,160, founded between 2018 and 2021.

Official details

Source: KBO
Status
Active since 17-02-2020Normal situation
Activity
Freight transport by roadNACE 49410and 2 others
Establishment units
2.299.513.5736061 Charleroi, since 02-03-2020
2.383.380.7636061 Charleroi, since 08-01-2026
Financial year end
31 December
Peppol
Reachable since 09-01-2026
Company details

Annual accounts 2025

-€5,976
€11,236
-€5,177
€7,908▼ 57.4%
≈ 0.1 FTEestimated
Filing
Filed on 07-07-2026, 24 days before the end of the filing period
Financials

Insights on ERMD

ERMD files the micro format. That format states no turnover. The gross margin fell from €11,045 in 2020 to -€5,976 in 2025.

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

Financials

Annual accounts 2025

micro format, filed on 07-07-2026, 24 days before the deadline
-€5,976
▼ €12,671
-€11,080
▼ €13,337
-
-
-65.5%
▼ 98.1 percentage points
0.60
▼ 0.88

Money flows

no detail for 2025

Balance sheet

balance sheet total €7,908 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with 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.

ERMD Middle half of the sector 80% of the sector Micro accounts in land transport (NACE 49)

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

people who joined people who left

In 2025, 1 person joined and 1 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 7,90818,55414,25024,56040,59334,163
21/28 ---5,46812,76820,067
22/27 ---5,46812,76820,067
24 ---5,46812,76820,067
29/58 7,90818,55414,25019,09227,82614,096
40/41 1,13112,4119,19813,62412,86612,522
40 1,10712,4119,09513,62412,86610,588
41 24-103--1,934
54/58 4,2536,1195,0275,38414,9361,550
490/1 2,5252424842425
Balance sheet: equity and liabilities
10/49 7,90818,55414,25024,56040,59334,163
10/15 -5,1776,0593,97610,94516,7019,909
10/11 3,0003,0003,0003,0003,0003,000
11 -3,0003,0003,0003,0003,000
1109/19 -3,0003,0003,0003,0003,000
14 -8,1773,0599767,94513,7016,909
17/49 13,08612,49510,27413,61523,89224,254
17 ----5,19010,276
170/4 ----5,19010,276
42/48 13,08612,49510,27413,61518,70213,978
42 ---5,1905,0864,984
44 4354852,8965531,214777
440/4 4354852,8965531,214777
46 9,5589,558----
45 3731,0375,7493,6875,5963,077
450/3 3739213,3473,6874,2461,727
454/9 01172,402-1,3501,350
47/48 2,7191,4141,6294,1856,8065,139
Income statement
70 ---61,98067,630-
9900 -5,9766,6951713,14117,22211,045
60/61 ---61,51653,602-
62 2,8982,2321,133460--
630 --5,4687,2997,2991,883
640/8 2,2062,206357238298124
9901 -11,0802,257-6,787-4,8579,6249,038
75/76B 0011-2
75 0011-2
65/66B 156174183900988404
65 156174183900988404
9903 -11,2362,083-6,969-5,7568,6368,637
67/77 ----1,8441,727
9904 -11,2362,083-6,969-5,7566,7926,909
9905 -11,2362,083-6,969-5,7566,7926,909
Appropriation of the result
9906 -8,1773,0599767,94513,7016,909
14P 3,0599767,94513,7016,909-
Social balance sheet
9087 -0.80.4---
Hours worked1013 129694515--
Document PDFPDFPDFPDFPDFPDF

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.

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 micro format 07-07-2026 2026-00275195 PDF
31-12-2024 full format 28-07-2025 2025-00324181 PDF
31-12-2023 full format 28-06-2024 2024-00197836 PDF
31-12-2022 full format 23-06-2023 2023-00158164 PDF
31-12-2021 full format 29-06-2022 2022-20129589 PDF
31-12-2020 full format 29-07-2021 2021-42100459 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
---1,3192,44316,92310,921
---1,5011,54314,0918,792
0-00021,950
-1,8661,092-357-9,55213,386-
-5,1776,0593,9765,4779,123118
----7.8%14.2%-
-65.5%32.7%27.9%44.6%41.1%29.0%
0.601.481.391.401.491.01
-2.062.581.241.432.45
-34.4%-175.3%-52.6%40.7%69.7%
-142.1%11.2%-48.9%-23.4%16.7%20.2%
---7.202.7117.12-
---80 days69 days-
---3 days8 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

Item31-12-202531-12-202431-12-202331-12-2022
Employees at the balance-sheet date---1
part-time---1
in full-time equivalents---0.4
-0.10.1-
Joined1-11
Left1-11

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
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).

Board & ownership

Board

1 director, since incorporation
ERKHA, Mouloud
Director (not named in the articles)
since 17-02-2020 term without a fixed end
listed in the 2025 annual accounts, filed on 07-07-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
ERKHA, Mouloud
Director (not named in the articles)
Board
Mandates as a list
  • ERKHA, Mouloud
    • Director (not named in the articles), from 17-02-2020 to date

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

Control

Founder
ERKHA, Mouloud
This company
ERMD
Equity -€5,177
Loss €11,236 in 2025

Capital

Contribution
€3,000
Source
2025 annual accounts

Articles of association

deed of 19-02-2020 (in French)
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
“Portée aux frais généraux,indépendamment des frais de représentation,voyages et déplacements, assemblée générale à la majorité absolue ou…”
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Founder

At incorporation deed of 19-02-2020 ↗
  • ERKHA, Mouloud sole founder · 100% at incorporation

Network & group

No group

ERMD has no parent and no holdings in its annual accounts. ERKHA, Mouloud is the only director. ERMD shares no director with another company.

Timeline

Timeline

13 events since 2020

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 24 days before the deadline
Purpose change“La société a pour objet, tant en Belgique qu’à l’étranger, pour compte propre ou compte de tiers ou en…” (deed in French) · General meeting of 11-02-20263 points ▸
  • General meeting, 11-02-2026
  • Purpose change, “La société a pour objet, tant en Belgique qu’à l’étranger, pour compte propre ou compte de tiers ou en participation avec ceux-ci. La société a pour objet, tant…” (deed in French)
  • Amendment of the articles, article 3

Open the deed in the Belgian Official Gazette

Registered in the Peppol Directory Reachable for e-invoices through 0208:0743758980
New establishment in Charleroi FRITA'BELLA, Sentier des Mineurs 31
2025
Weakest financial year net -€11,236 The net result drops to -€11,236, the lowest from 2020 to 2025.
Annual accounts 2024 filed PDFfull format · 3 days before the deadline
2024
Back to profit net €2,083 The net result is €2,083, after 2 loss-making years.
Annual accounts 2023 filed PDFfull format · 33 days before the deadline
2023
Annual accounts 2022 filed PDFfull format · 38 days before the deadline
2022
Annual accounts 2021 filed PDFfull format · 32 days before the deadline
2021
Annual accounts 2020 filed PDFfull format · 2 days before the deadline
2020
First establishment Rue du Résolu 24, Charleroi
IncorporationFounder: ERKHA, Mouloud · Founding capital of €3,000, 100 shares · Appointment: ERKHA, Mouloud (director) · published on 19-02-20204 points ▸
  • Founder, ERKHA, Mouloud
  • Founding capital, €3,000, 100 shares
  • Board rule, 1
  • Director appointment, ERKHA, Mouloud (director (not named in the articles))
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

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

ERMD was incorporated on 17 February 2020 as a private limited company.1 Since 2020, ERKHA, Mouloud has served as director.2 Total assets fell from €34,163 in 2020 to €7,908 in 2025.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2025
  3. 3National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0743.758.980
VAT number
BE 0743.758.980
Peppol ID
0208:0743758980
Other Peppol ID
9925:BE0743758980
Legal form
Private limited company
Status
Active, normal situation
Founded
17-02-2020
Financial year
ends on 31 December
Peppol
Reachable since 09-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ERMD in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 19-02-2020 (in French)

Activities

NACEBEL 2025
VAT activities
49410 Freight transport by road main activity
56112 Limited-service restaurants, excluding mobile food services
Social security (RSZ) activities
52250 Logistics services main activity
Codes under NACEBEL 2008
VAT activities
49410 Road freight transport main activity
Social security (RSZ) activities
52290 Warehousing and support activities for transportation main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'achat,la vente,l'échange,la construction,la reconstruction,la démolition,la transformation,l'exploitation,la location et la gérance de…”
13 activities
  1. L'achat,la vente,l'échange,la construction,la reconstruction,la démolition,la transformation,l'exploitation,la location et la gérance de tous immeubles bâtis,meublés ou non.
  2. L'achat,la vente,l'échange,la mise en valeur,le lotissement,l'exploitation,la location et l'affermage de tous immeubles non bâtis.
  3. Elle peut donner à bail ses installations et exploitations ou les donner à gérer à des tiers,en tout ou en partie.
  4. Le transport routier national et international de marchandises,colis,y compris le transport de produits dangereux,l’import–export en général.
  5. Toutes activités d’affrètement,de stockage,d’entreposage de marchandises,de gestion de dépôt de marchandises et de centre de logistique ainsi que les manutentions de chargement-déchargement.
  6. Toutes activités de déménagement et de transport de personnes.
  7. L’achat,la vente et la location de tout matériel et véhicules.
  8. Les livraisons en tout genre (courriers,matériel,colis…)
  9. La messagerie,l’agence d’expédition
  10. L’activité de commissionnaire en transport
  11. Transport de marchandises par route : transport de bois de sciage,de bétail,de voitures,de déchets,transports frigorifique,transport lourd international,transport en vrac,y compris par camions-citernes
  12. Entreposage et stockage,y compris frigorifique
  13. Toute activité de poste et de courrier.
deed of 19-02-2020 (in French)

Registered office and establishments

2 establishments
Establishment Since Unit numberFASFC approval
Rue du Résolu 24 registered office 6061 Charleroi 52250 Logistics services 02-03-2020 2.299.513.573
FRITA'BELLA Sentier des Mineurs 31, 6061 Charleroi 56112 Limited-service restaurants, excluding mobile food services 08-01-2026 2.383.380.763 Chip shop

Buildings and parcels at the address

Ground area
154 m²
Buildings
45 m²
Volume, LiDAR
386 m³
Tallest building
10.6 m
Buildings to scale, each on its own parcel
45 m², 10.6 m 45 m², 10.6 m

Location

registered office establishment approximate All 2 establishment units on the map

Parcels

Cadastral parcelArea Buildings Height / floors
52412A0572/00Y000154 m² 1 · 45 m² 10.6 m · 3

Recognitions

Food safety, FASFC

1 site
Charleroiunit number 2.383.380.763
1 permission
Authorisation · Chip shop · since 14-01-2026

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

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