ERMI CONSTRUCT
ActiveERMI CONSTRUCT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €537k and a net result of €182k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 7415 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▲+27
Solvency46▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 1.0 against 0.56 in 2024; short-term debt: 5.4% and cash: 3.7% of total assets), and 79.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
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
20.7%
Return on assets
7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-04-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
42 d early
2023
1 d early
2022
3 d early
2021
40 d early
2020
3 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€537k▲ 51.1%
2024 · €356k
2018: €285k
2019: €330k
2020: €362k
2021: €334k
2022: €373k
2023: €425k
2024: €356k
2018 → 2025
Total assets
€2.59M▲ 17.6%
2024 · €2.20M
2018: €880k
2019: €1.01M
2020: €992k
2021: €857k
2022: €1.20M
2023: €1.24M
2024: €2.20M
2018 → 2025
Net result
€182k
2024 · €-69k
2018: €-71k
2019: €45k
2020: €34k
2021: €-28k
2022: €39k
2023: €52k
2024: €-69k
2018 → 2025
Working capital
€-373▲ 99.6%
2024 · €-98k
2018: €138k
2019: €192k
2020: €144k
2021: €39k
2022: €-42k
2023: €87k
2024: €-98k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€334k-€373k▲ 11.5%€425k▲ 13.9%€356k▼ 16.2%€537k▲ 51.1%
Operating result€21k-€108k▲ 410%€133k▲ 22.5%€-18k€152k
Net result€-28k-€39k€52k▲ 34.8%€-69k€182k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €152k after a loss of €18k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.59M
Fixed assets
€2.45M▲ 17.9%
Current assets
€139k▲ 12.6%
Equity and liabilities €2.59M
Equity
€537k▲ 51.1%
Debt
€2.06M▲ 11.2%
The debt ratio falls from 83.9% to 79.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€229k▲
2024 · €27k
Cash flow
€258k▲
2024 · €-23k
Solvency
20.7%▲
2024 · 16.1%
Current ratio
1.00▲
2024 · 0.56
Quick ratio
0.90▲
2024 · 0.56
Debt / equity
3.83▼
2024 · 5.20
ROE
33.8%▲
2024 · -19.4%
ROA
7.0%▲
2024 · -3.1%
Interest coverage
2.18▲
2024 · 0.54
Debt
€2.06M▲
2024 · €1.85M
Debt ≤ 1 year
€140k▼
2024 · €221k
Debt > 1 year
€1.92M▲
2024 · €1.62M
Income taxes
€18k▲
2024 · €271
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€2.20M€2.59M▲
Fixed assets21/28€2.08M€2.45M▲
Tangible fixed assets22/27€2.08M€2.00M▼
Land and buildings22€2.04M€1.97M▼
Plant, machinery and equipment23€36k€30k▼
Furniture and vehicles24€5k€2k▼
Financial fixed assets28€2k€452k▲
Current assets29/58€124k€139k▲
Stocks and contracts in progress3-€14k
Stocks30/36-€14k
Amounts receivable within one year40/41€13k€24k▲
Trade receivables40€1k€22k▲
Other amounts receivable41€12k€2k▼
Cash at bank and in hand54/58€46k€96k▲
Deferred charges and accrued income490/1€65k€4k▼
Equity and liabilities
Total equity and liabilities10/49€2.20M€2.59M▲
Equity10/15€356k€537k▲
Contributions10/11€20k€20k=
Reserves13€336k€517k▲
Distributable reserves133€336k€517k▲
Amounts payable17/49€1.85M€2.06M▲
Amounts payable after more than one year17€1.62M€1.92M▲
Financial debts170/4€1.62M€1.92M▲
Amounts payable within one year42/48€221k€140k▼
Current portion of amounts payable after more than one year42€81k€83k▲
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Advances received on contracts in progress46€82k-
Taxes, remuneration and social security45€42k€14k▼
Taxes450/3€42k€13k▼
Remuneration and social security454/9-€300
Other amounts payable47/48€9k€38k▲
Accrued charges and deferred income492/3€3k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€77k▲
Other operating charges640/8€238k€4k▼
Gross operating margin9900€266k€232k▼
Operating profit (loss)9901€-18k€152k▲
Financial income75/76B€56€153k▲
Recurring financial income75€56€153k▲
Financial charges65/66B€50k€105k▲
Recurring financial charges65€50k€105k▲
Profit (loss) for the period before taxes9903€-69k€200k▲
Income taxes67/77€271€18k▲
Profit (loss) for the period9904€-69k€182k▲
Profit (loss) for the period to be appropriated9905€-69k€182k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-60k€182k▲
Profit (loss) brought forward from the previous period14P€9k-
Transfer from equity791/2€60k-
Transfer to equity691/2-€182k
To other reserves6921-€182k
The notes to these accounts (8 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
2026
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €182k
Net result €182k after one loss-making year.
30-09
Financial
Equity above €500kEq €537k ▲51.1%
Equity rises from €356k to €537k.
19-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 2.14
Current ratio from 0.66 to 2.14; short-term debt falls from €123k to €77k.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Pieters-Leeuw · 1 establishment unit since 2002
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.
Lenniksebaan 10751602 Sint-Pieters-LeeuwGround area
812 m²
Building footprint
148 m²
Volume, LiDAR
792 m³
Parcel 23089B0423/00D000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ERMIBOUW BVBA
since 20022.096.255.221
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23089B0423/00D000 | Flanders | 812 m² | 1 · 148 m² | 8.0 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300NZQHTH5SZY8K50
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,041. 8,954 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-05-2002
Fiscal year end30-09
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.