Ermis Projects
ActiveErmis Projects has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-51k) and a net result of €-22k. Equity is shrinking by ~123.7% per year across the filed fiscal years. Its solvency ranks better than 13% of 9167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▲+1
Solvency20▼-2
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.72; short-term debt: 12.2% and cash: 0.2% of total assets), but equity is negative.
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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-4.8%
Return on assets
-2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-51k
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 29-07-2026, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
2 d early
2024
60 d late
2023
2 d early
2022
4 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-51k▼ 73.6%
2024 · €-30k
2022: €1k
2023: €2k
2024: €-30k
2022 → 2025
Total assets
€1.08M▲ 10.9%
2024 · €974k
2022: €1.20M
2023: €804k
2024: €974k
2022 → 2025
Net result
€-22k▲ 31.4%
2024 · €-32k
2022: €-2k
2023: €1k
2024: €-32k
2022 → 2025
Working capital
€491k▼ 29.7%
2024 · €699k
2022: €1.10M
2023: €557k
2024: €699k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€1k-€2k▲ 99.2%€-30k€-51k▼ 73.6%
Operating result€-2k-€-8k▼ 338%€-33k▼ 301%€-26k▲ 19.6%
Net result€-2k-€1k€-32k€-22k▲ 31.4%
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 stays negative: a loss of €26k in 2025 against €33k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.08M
Fixed assets
€457k▲ 69.1%
Current assets
€624k▼ 11.4%
Key figures and ratios
EBITDA
€-8k▲
2024 · €-20k
Cash flow
€-3k▲
2024 · €-19k
Solvency
-4.8%▼
2024 · -3.0%
Current ratio
4.72
Quick ratio
4.72
Debt / equity
-22.05▲
2024 · -33.96
ROA
-2.0%▲
2024 · -3.3%
Interest coverage
-85.27▲
2024 · -138.06
Debt
€1.13M▲
2024 · €1.00M
Debt ≤ 1 year
€132k▲
2024 · €4k
Debt > 1 year
€1.00M=
2024 · €1.00M
Income taxes
€-372
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€974k€1.08M▲
Formation expenses20€805€442▼
Fixed assets21/28€270k€457k▲
Tangible fixed assets22/27€270k€457k▲
Land and buildings22€249k€441k▲
Furniture and vehicles24€21k€16k▼
Current assets29/58€703k€624k▼
Amounts receivable within one year40/41€46k€11k▼
Trade receivables40-€136
Other amounts receivable41€46k€10k▼
Current investments50/53€500k€610k▲
Cash at bank and in hand54/58€154k€2k▼
Deferred charges and accrued income490/1€3k€554▼
Equity and liabilities
Total equity and liabilities10/49€974k€1.08M▲
Equity10/15€-30k€-51k▼
Contributions10/11€3k€3k=
Outside capital11€3k€3k=
Other1109/19€3k€3k=
Profit (loss) carried forward14€-33k€-54k▼
Amounts payable17/49€1.00M€1.13M▲
Amounts payable after more than one year17€1.00M€1.00M=
Financial debts170/4€1.00M€1.00M=
Amounts payable within one year42/48€4k€132k▲
Financial debts43-€128k
Other loans439-€128k
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€18k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€-15k€-2k▲
Operating profit (loss)9901€-33k€-26k▲
Financial income75/76B€1k€6k▲
Recurring financial income75€1k€6k▲
Financial charges65/66B€148€1k▲
Recurring financial charges65€148€94▼
Non-recurring financial charges66B-€1k
Profit (loss) for the period before taxes9903€-32k€-22k▲
Income taxes67/77-€-372
Profit (loss) for the period9904€-32k€-22k▲
Profit (loss) for the period to be appropriated9905€-32k€-22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-54k▼
Profit (loss) brought forward from the previous period14P€-841€-33k▼
The notes to these accounts (5 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-32k ▼3051%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 27current ratio 174.34
Current ratio from 6.48 to 174.34; short-term debt falls from €102k to €4k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Antwerpen · 1 establishment unit since 2022
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.
Schulstraat 242018 AntwerpenGround area
218 m²
Building footprint
229 m²
Volume, LiDAR
3,088 m³
Parcel 11810K1598/00L006, Flanders · tallest building 19.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Ermis Projects
since 20222.330.225.060
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1598/00L006 | Flanders | 218 m² | 1 · 229 m² | 19.1 m · 4 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.
Similar companies · same sector, comparable size
IMMOGD
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LES CHÂTAIGNIERS
BE 0681.947.513
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EXPERTS UNITED
BE 0475.954.353
Eeklo · Eq €2k
Buelens-Nijs
BE 0412.961.860
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SAMBAT 3
BE 0749.767.735
Antwerpen · Eq €2k
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 656 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-2022
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
66300Activities auxiliary to financial services and insurance activities
68203Renting and operating of own or leased non-residential real estate, excluding land
74300Other professional, scientific and technical activities
74301Translation services
78100Employment placement agencies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.