Skip to content

ERNEST 11

Active
Public limited companyfounded 20179 yrs activeTervurenlaan 43, 1040 Etterbeek, BelgiumKBO/BCE: BE 0677.886.973
Summary

ERNEST 11 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.0m and a net result of €404,540. Equity remains stable across the filed fiscal years (±0.5% per year). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
ERNEST 11ActiveChecked score 89/100
Risk analysis ReportCompare

Overview

Activity
Activity not known1 site
Size
€9.8mtotal assets 2025
Equity
€4.0m
Profit
€404,540
Financial health
89 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Board
2 members
Auditor: ERNST & YOUNG (E&Y)Accounts 25 d early1 of 12 deeds read
Why 89- Liquidity: current ratio 0.64, cash €8,920, halved+ Size: total assets €9.8m+ No main activity registered+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Better than 62% of its sector peers (no NACE code, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 66+4
equity 41.4% of total assets
Liquidity 50-4
short-term debt 6.8% · cash 0.1%
Profitability 74+1
return on assets 4.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -8.5% vs 01-2025 03-2025: 0.1%▲ +10.8% vs 02-2025 04-2025: 0.1%▼ -1.4% vs 03-2025 05-2025: 0.1%▲ +8.5% vs 04-2025 06-2025: 0.1%▲ +28.6% vs 05-2025 07-2025: 0.1%▲ +32.3% vs 06-2025 08-2025: < 0.1%▼ -62.6% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%▼ -2.0% vs 10-2025lowest value 12-2025: < 0.1%● 0.0% vs 11-2025lowest value 01-2026: < 0.1%● 0.0% vs 12-2025lowest value 02-2026: < 0.1%● 0.0% vs 01-2026lowest value 03-2026: < 0.1%▲ +2.1% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: 0.1%▲ +6.1% vs 04-2026 06-2026: 0.1%▲ +13.5% vs 05-2026 07-2026: 0.1%▲ +30.5% vs 06-2026 08-2026: 0.2%▲ +218% vs 07-2026highest value 09-2026: 0.2%● 0.0% vs 08-2026highest value 10-2026: 0.2%● 0.0% vs 09-2026highest value
  • Liquidity: current ratio 0.64, cash €8,920, halved raises the probability
  • Size: total assets €9.8m lowers the probability for this profile
  • No main activity registered lowers the probability
  • Legal form Public limited company lowers the probability
Credit up to €360,000 at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.44 in 2024; short-term debt: 6.8% and cash: 0.1% of total assets), and 58.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, small). Better than this share of them on solvency 41%, liquidity 47%, profitability 82%, growth against the median 77%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.64, cash €8,920, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €9.8m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · No main activity registered
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
20232425
2020 to 2025 · latest year €4.0m
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 06-07-2026, 25 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
25 d early
2024
31 d early
2023
19 d early
2022
20 d early
2021
37 d early
2020
45 d early
2019
90 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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. Usually files around 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: Securex Vie (director)Appointment: Joeri Klaykens (director) ·…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Board changedlatest change 29-09-2026 · 2 in office 1 joined · 1 left View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Total assets 20254 fiscal years filed €9.8m View

By topic

Financials

Fiscal year
2025
Total assets
€9.8m
Profit
€404,540
Solvency
41.4%
Go to Financials

Timeline

Events
10
Since
2019
Next accounts
by 31-07-2027
  1. 29-09-2026Resignation: Securex Vie (director)
  2. 06-07-2026Annual accounts filed
  3. 30-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
04-07-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure