ERMIJADE
ActiveERMIJADE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.59M and a net result of €33k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 53% of 3276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-15
Solvency73▼-27
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 2.82 against 7.77 in 2024; short-term debt: 14.5% and cash: 2.1% of total assets), but 51.8% 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 · 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
48.2%
Return on assets
0.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
26 d late
2023
43 d early
2022
41 d early
2021
39 d early
2020
15 d early
2019
27 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€33k▼ 93.5%
2024 · €505k
2018: €264k
2019: €405k
2020: €385k
2021: €271k
2022: €366k
2023: €402k
2024: €505k
2018 → 2025
Working capital
€1.42M▼ 42.1%
2024 · €2.45M
2018: €910k
2019: €1.17M
2020: €1.26M
2021: €1.37M
2022: €1.53M
2023: €1.75M
2024: €2.45M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.28M-€2.53M▲ 11.1%€2.73M▲ 8.0%€3.07M▲ 12.3%€2.59M▼ 15.6%
Operating result€301k-€483k▲ 60.4%€536k▲ 10.9%€661k▲ 23.4%€-13k
Net result€271k-€366k▲ 35.0%€402k▲ 10.0%€505k▲ 25.7%€33k▼ 93.5%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13k after €661k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.37M
Fixed assets
€3.18M▲ 216%
Current assets
€2.20M▼ 21.9%
Equity and liabilities €5.37M
Equity
€2.59M▼ 15.6%
Provisions
€0▼ 100%
Debt
€2.79M▲ 320%
The debt ratio rises from 17.4% to 51.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€309k▼
2024 · €801k
Cash flow
€355k▼
2024 · €646k
Solvency
48.2%▼
2024 · 80.3%
Current ratio
2.82▼
2024 · 7.77
Quick ratio
2.82▼
2024 · 7.77
Debt / equity
1.08▲
2024 · 0.22
ROE
1.3%▼
2024 · 16.5%
ROA
0.6%▼
2024 · 13.2%
Interest coverage
31.19▼
2024 · 179.42
Debt
€2.79M▲
2024 · €663k
Debt ≤ 1 year
€779k▲
2024 · €362k
Debt > 1 year
€2.01M▲
2024 · €300k
Income taxes
€103k▼
2024 · €253k
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€3.82M€5.37M▲
Fixed assets21/28€1.01M€3.18M▲
Tangible fixed assets22/27€555k€2.73M▲
Land and buildings22€444k€2.64M▲
Furniture and vehicles24€110k€92k▼
Financial fixed assets28€452k€452k=
Current assets29/58€2.81M€2.20M▼
Amounts receivable after more than one year29€613k€651k▲
Other amounts receivable291€613k€651k▲
Amounts receivable within one year40/41€2.01M€1.36M▼
Trade receivables40€18k-
Other amounts receivable41€1.99M€1.36M▼
Cash at bank and in hand54/58€131k€113k▼
Deferred charges and accrued income490/1€54k€70k▲
Equity and liabilities
Total equity and liabilities10/49€3.82M€5.37M▲
Equity10/15€3.07M€2.59M▼
Contributions10/11€13k€13k=
Reserves13€3.05M€2.57M▼
Tax-exempt reserves132€177k-
Distributable reserves133€2.88M€2.57M▼
Profit (loss) carried forward14€328€336▲
Provisions and deferred taxes16€87k-
Deferred taxes168€87k-
Amounts payable17/49€663k€2.79M▲
Amounts payable after more than one year17€300k€2.01M▲
Financial debts170/4-€2.01M
Other amounts payable178/9€300k€200▼
Amounts payable within one year42/48€362k€779k▲
Current portion of amounts payable after more than one year42€53k€189k▲
Trade debts44€60k€4k▼
Suppliers440/4€60k€4k▼
Taxes, remuneration and social security45€81k€74k▼
Taxes450/3€81k€74k▼
Other amounts payable47/48€169k€511k▲
Accrued charges and deferred income492/3€880€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€140k€322k▲
Other operating charges640/8€14k€16k▲
Gross operating margin9900€815k€325k▼
Operating profit (loss)9901€661k€-13k▼
Financial income75/76B€80k€71k▼
Recurring financial income75€80k€71k▼
Financial charges65/66B€4k€10k▲
Recurring financial charges65€4k€10k▲
Profit (loss) for the period before taxes9903€737k€48k▼
Transfer from deferred taxes780€22k€87k▲
Income taxes67/77€253k€103k▼
Profit (loss) for the period9904€505k€33k▼
Transfer from tax-exempt reserves789€44k€177k▲
Profit (loss) for the period to be appropriated9905€550k€210k▼
Appropriation of the result
Profit (loss) to be appropriated9906€550k€210k▼
Profit (loss) brought forward from the previous period14P€316€328▲
Transfer from equity791/2€169k€511k▲
Transfer to equity691/2€550k€210k▼
To other reserves6921€550k€210k▼
Profit to be distributed694/7€169k€511k▲
Return on contributions (dividend)694€169k€511k▲
The notes to these accounts (12 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €33k ▼93.5%
Net result drops to €33k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Highest result since 2018net €505k ▲25.7%
Operating result €661k, net result €505k, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity triplescurrent ratio 4.93
Current ratio from 1.63 to 4.93; short-term debt falls from €1.98M to €348k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
31-12
Financial
Equity above €2MEq €2.09M ▲16.4%
2 profitable years in a row build equity to €2.09M.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
03-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 34 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Namur
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.
Chaussée de Louvain(BU) 3835004 NamurGround area
2,071 m²
Building footprint
251 m²
Volume, LiDAR
1,850 m³
Parcel 92021F0182/00A000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92021F0182/00A000 | Wallonia | 2,071 m² | 1 · 251 m² | 10.2 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.
Recognitions · licences · registrations
Legal Entity Identifier
5493000D9OHRH9TN6063
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Of 2,258 companies in sector 69102 we hold annual accounts for 1,754. 860 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2002
Fiscal year end31-12
Activities, NACEBEL
69102Activities of notaries
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.