ERNEST
Open bankruptcyA bankruptcy procedure is open for ERNEST according to publications in the Belgian State Gazette; curator: DEAN BRAECKMAN.
Summary
The 2024 annual accounts show negative equity (€-4k) and a net result of €10k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 29-11-2024, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
63 d early
2023
on the day
2022
46 d early
2021
32 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-4k▲ 72.0%
2023 · €-14k
2019: €-24klowest in 6 years
2020: €-23k▲ +2.7% vs 2019
2021: €13k▲ +156% vs 2020highest in 6 years
2022: €48▼ -99.6% vs 2021
2023: €-14k▼ -30139% vs 2022
2024: €-4k▲ +72.0% vs 2023
2019 → 2024
Total assets
€7k▼ 48.9%
2023 · €13k
2019: €37khighest in 6 years
2020: €27k▼ -26.2% vs 2019
2021: €22k▼ -20.7% vs 2020
2022: €16k▼ -25.3% vs 2021
2023: €13k▼ -18.2% vs 2022
2024: €7k▼ -48.9% vs 2023lowest in 6 years
2019 → 2024
Net result
€10k
2023 · €-14k
2019: €38khighest in 6 years
2020: €662▼ -98.3% vs 2019
2021: €37k▲ +5449% vs 2020
2022: €-13k▼ -136% vs 2021
2023: €-14k▼ -9.2% vs 2022lowest in 6 years
2024: €10k▲ +172% vs 2023
2019 → 2024
Working capital
€-2k▲ 72.3%
2023 · €-6k
2019: €18khighest in 6 years
2020: €11k▼ -38.8% vs 2019
2021: €13k▲ +19.7% vs 2020
2022: €4k▼ -71.3% vs 2021
2023: €-6k▼ -259% vs 2022lowest in 6 years
2024: €-2k▲ +72.3% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-23k-€13k€48▼ 99.6%€-14k€-4k▲ 72.0%
2020: €-23klowest in 5 years
2021: €13k▲ +156% vs 2020highest in 5 years
2022: €48▼ -99.6% vs 2021
2023: €-14k▼ -30139% vs 2022
2024: €-4k▲ +72.0% vs 2023
Operating result€3k-€41k▲ 1,385%€-6k€-12k▼ 84.1%€13k
2020: €3k
2021: €41k▲ +1385% vs 2020highest in 5 years
2022: €-6k▼ -116% vs 2021
2023: €-12k▼ -84.1% vs 2022lowest in 5 years
2024: €13k▲ +208% vs 2023
Net result€662-€37k▲ 5,449%€-13k€-14k▼ 9.2%€10k
2020: €662
2021: €37k▲ +5449% vs 2020highest in 5 years
2022: €-13k▼ -136% vs 2021
2023: €-14k▼ -9.2% vs 2022lowest in 5 years
2024: €10k▲ +172% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €13k after a loss of €12k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7k
Fixed assets
€3k ▲ 47.9%
Current assets
€4k ▼ 67.8%
Key figures and ratios
EBITDA
€14k▲
2023 · €-11k
Cash flow
€12k▲
2023 · €-13k
Solvency
-59.1%▲
2023 · -108.0%
Current ratio
0.68▲
2023 · 0.65
Quick ratio
0.18▲
2023 · 0.01
Debt to equity
-2.69▼
2023 · -1.93
ROA
152.1%▲
2023 · -108.3%
Interest coverage
5.64▲
2023 · -4.35
Debt
€11k▼
2023 · €28k
Debt ≤ 1 year
€5k▼
2023 · €17k
Debt > 1 year
€6k▼
2023 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€13k€7k▼
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23€2k€3k▲
Current assets29/58€11k€4k▼
Stocks and contracts in progress3€11k€3k▼
Stocks30/36€11k€3k▼
Amounts receivable within one year40/41-€929
Other amounts receivable41-€929
Cash at bank and in hand54/58€148-
Equity and liabilities
Total equity and liabilities10/49€13k€7k▼
Equity10/15€-14k€-4k▲
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Profit (loss) carried forward14€-33k€-23k▲
Amounts payable17/49€28k€11k▼
Amounts payable after more than one year17€11k€6k▼
Financial debts170/4€11k€6k▼
Amounts payable within one year42/48€17k€5k▼
Financial debts43€3k€3k▲
Credit institutions430/8€3k€3k▲
Trade debts44€9k€539▼
Suppliers440/4€9k€539▼
Taxes, remuneration and social security45€4k-
Taxes450/3€4k-
Other amounts payable47/48€1k€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€654€978▲
Gross operating margin9900€-10k€15k▲
Operating profit (loss)9901€-12k€13k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-14k€10k▲
Profit (loss) for the period9904€-14k€10k▲
Profit (loss) for the period to be appropriated9905€-14k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-23k▲
Profit (loss) brought forward from the previous period14P€-19k€-33k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €1k | €1k | ▲ 10.0% |
| Other operating charges640/8 | - | - | €917 | €654 | €978 | ▲ 49.6% |
| Gross operating margin9900 | €25k | €47k | €-4k | €-10k | €15k | ▲ 248% |
| Operating profit (loss)9901 | €3k | €41k | €-6k | €-12k | €13k | ▲ 208% |
| Financial charges65/66B | - | - | €7k | €2k | €2k | ▲ 0.4% |
| Recurring financial charges65 | €2k | €4k | €7k | €2k | €2k | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €662 | €37k | €-13k | €-14k | €10k | ▲ 172% |
| Profit (loss) for the period9904 | €662 | €37k | €-13k | €-14k | €10k | ▲ 172% |
| Profit (loss) for the period to be appropriated9905 | €662 | €37k | €-13k | €-14k | €10k | ▲ 172% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27k | €22k | €16k | €13k | €7k | ▼ 48.9% |
| Fixed assets21/28 | €3k | €5k | €3k | €2k | €3k | ▲ 47.9% |
| Tangible fixed assets22/27 | €3k | €5k | €3k | €2k | €3k | ▲ 47.9% |
| Plant, machinery and equipment23 | - | - | €3k | €2k | €3k | ▲ 47.9% |
| Current assets29/58 | €25k | €17k | €13k | €11k | €4k | ▼ 67.8% |
| Stocks and contracts in progress3 | €11k | €10k | €12k | €11k | €3k | ▼ 75.8% |
| Stocks30/36 | - | - | €12k | €11k | €3k | ▼ 75.8% |
| Amounts receivable within one year40/41 | - | €650 | - | - | €929 | - |
| Other amounts receivable41 | - | - | - | - | €929 | - |
| Cash at bank and in hand54/58 | €13k | €4k | €734 | €148 | - | - |
| Deferred charges and accrued income490/1 | - | - | €270 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27k | €22k | €16k | €13k | €7k | ▼ 48.9% |
| Equity10/15 | €-23k | €13k | €48 | €-14k | €-4k | ▲ 72.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | - | €19k | €19k | - | - |
| Issued capital100 | - | - | €19k | €19k | - | - |
| Profit (loss) carried forward14 | €-42k | €-5k | €-19k | €-33k | €-23k | ▲ 31.4% |
| Amounts payable17/49 | €51k | €9k | €16k | €28k | €11k | ▼ 60.9% |
| Amounts payable after more than one year17 | €37k | €5k | €7k | €11k | €6k | ▼ 47.2% |
| Financial debts170/4 | - | - | €7k | €11k | €6k | ▼ 47.2% |
| Amounts payable within one year42/48 | €14k | €4k | €9k | €17k | €5k | ▼ 69.4% |
| Financial debts43 | - | - | - | €3k | €3k | ▲ 6.8% |
| Credit institutions430/8 | - | - | - | €3k | €3k | ▲ 6.8% |
| Trade debts44 | €8k | €234 | €5k | €9k | €539 | ▼ 94.0% |
| Suppliers440/4 | - | - | €5k | €9k | €539 | ▼ 94.0% |
| Taxes, remuneration and social security45 | - | - | €4k | €4k | - | - |
| Taxes450/3 | - | - | €4k | €4k | - | - |
| Other amounts payable47/48 | - | - | €357 | €1k | €2k | ▲ 20.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €662 | €37k | €-13k | €-14k | €10k | ▲ 172% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €1k | €1k | ▲ 10.0% |
| Operating cash flow (approximation) | €3k | €39k | €-11k | €-13k | €12k | ▲ 187% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €0 | €-2k | - |
| Change in cash | - | €-9k | €-3k | €-586 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
28-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 21-04-2026
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 4.70
Current ratio from 1.79 to 4.70; short-term debt falls from €14k to €4k.
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
22-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2009
Ground area
36 m²
Building footprint
36 m²
Volume, LiDAR
400 m³
Parcel 44021A0632/00B000, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ERNEST
since 20092.179.573.073
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A0632/00B000 | Flanders | 36 m² | 1 · 36 m² | 13.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DEAN BRAECKMAN DURMSTRAAT 29, 9030 MARIA-
KERKE (GENT) |
21-04-2026 → present |
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Of 6,502 companies in sector 47716 we hold annual accounts for 2,440. 24 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-07-2009
Fiscal year end30-06
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.