ERNST IMMO
ActiveSummary
ERNST IMMO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €672k and a net result of €40k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+1
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 9.34 against 4.66 in 2024; short-term debt: 3.6% and cash: 14.7% of total assets), and 7.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
92.5%
Return on assets
5.5%
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 28-08-2026, 28 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 · 4 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
28 d late
2022
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 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
€40k▲ 10.8%
2024 · €36k
Working capital
€217k▲ 50.0%
2024 · €145k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€-672-€25k€53k▲ 116%€63k▲ 17.3%
Net result€-384-€17k€36k▲ 117%€40k▲ 10.8%
Equity€581k-€597k▲ 2.8%€633k▲ 6.0%€672k▲ 6.3%
Total assets€581k-€726k▲ 24.9%€715k▼ 1.5%€727k▲ 1.7%
Debt€120-€129k▲ 107,061%€82k▼ 36.1%€55k▼ 33.6%
Working capital€40k-€69k▲ 73.8%€145k▲ 110%€217k▲ 50.0%
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €727k
Fixed assets
€483k ▼ 8.9%
Current assets
€244k ▲ 31.9%
Equity and liabilities €727k
Equity
€672k ▲ 6.3%
Debt
€55k ▼ 33.6%
Debt's share of the balance-sheet total falls from 11.5% to 7.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€110k▲
2024 · €107k
Cash flow
€87k▼
2024 · €90k
Current ratio
9.34▲
2024 · 4.66
Debt to equity
0.08▼
2024 · 0.13
ROE
5.9%▲
2024 · 5.7%
ROA
5.5%▲
2024 · 5.0%
Interest coverage
45.57▲
2024 · 40.00
Debt ≤ 1 year
€26k▼
2024 · €40k
Debt > 1 year
€28k▼
2024 · €43k
Income taxes
€21k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €42k | €54k | €47k | ▼ 12.6% |
| Other operating charges640/8 | €348 | €46k | €16k | €12k | ▼ 26.5% |
| Gross operating margin9900 | €40k | €113k | €123k | €121k | ▼ 1.4% |
| Operating profit (loss)9901 | €-672 | €25k | €53k | €63k | ▲ 17.3% |
| Financial income75/76B | €305 | €299 | €299 | €299 | = |
| Recurring financial income75 | €305 | €299 | €299 | €299 | = |
| Financial charges65/66B | €17 | €379 | €3k | €2k | ▼ 10.2% |
| Recurring financial charges65 | €17 | €379 | €3k | €2k | ▼ 10.2% |
| Profit (loss) for the period before taxes9903 | €-384 | €25k | €51k | €61k | ▲ 18.6% |
| Income taxes67/77 | - | €8k | €15k | €21k | ▲ 37.3% |
| Profit (loss) for the period9904 | €-384 | €17k | €36k | €40k | ▲ 10.8% |
| Profit (loss) for the period to be appropriated9905 | €-384 | €17k | €36k | €40k | ▲ 10.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €581k | €726k | €715k | €727k | ▲ 1.7% |
| Fixed assets21/28 | €541k | €584k | €530k | €483k | ▼ 8.9% |
| Tangible fixed assets22/27 | €541k | €584k | €530k | €483k | ▼ 8.9% |
| Land and buildings22 | €502k | €474k | €447k | €420k | ▼ 6.1% |
| Plant, machinery and equipment23 | €40k | €27k | €17k | €14k | ▼ 17.1% |
| Furniture and vehicles24 | - | €83k | €66k | €49k | ▼ 25.7% |
| Current assets29/58 | €40k | €142k | €185k | €244k | ▲ 31.9% |
| Amounts receivable within one year40/41 | €145 | €55k | €2k | €43k | ▲ 2,681% |
| Trade receivables40 | €145 | €47k | €1k | €40k | ▲ 2,932% |
| Other amounts receivable41 | - | €8k | €226 | €3k | ▲ 1,210% |
| Cash at bank and in hand54/58 | €40k | €70k | €170k | €107k | ▼ 37.1% |
| Deferred charges and accrued income490/1 | - | €17k | €13k | €93k | ▲ 634% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €581k | €726k | €715k | €727k | ▲ 1.7% |
| Equity10/15 | €581k | €597k | €633k | €672k | ▲ 6.3% |
| Contributions10/11 | €312k | €312k | €312k | €312k | = |
| Revaluation surpluses12 | €33k | €33k | €33k | €33k | = |
| Reserves13 | €235k | €251k | €287k | €327k | ▲ 13.8% |
| Non-distributable reserves130/1 | €1k | €1k | €1k | - | - |
| Reserves not available under the articles1311 | €1k | €1k | €1k | - | - |
| Tax-exempt reserves132 | €15k | €15k | €15k | €14k | ▼ 2.0% |
| Distributable reserves133 | €219k | €235k | €271k | €312k | ▲ 15.2% |
| Profit (loss) carried forward14 | €-384 | - | - | - | - |
| Amounts payable17/49 | €120 | €129k | €82k | €55k | ▼ 33.6% |
| Amounts payable after more than one year17 | - | €56k | €43k | €28k | ▼ 33.0% |
| Financial debts170/4 | - | €56k | €43k | €28k | ▼ 33.0% |
| Amounts payable within one year42/48 | €120 | €73k | €40k | €26k | ▼ 34.2% |
| Current portion of amounts payable after more than one year42 | - | €13k | €21k | €14k | ▼ 34.7% |
| Trade debts44 | €120 | €52k | €1k | €1k | ▼ 2.7% |
| Suppliers440/4 | €120 | €52k | €1k | €1k | ▼ 2.7% |
| Taxes, remuneration and social security45 | - | €8k | €15k | €10k | ▼ 32.9% |
| Taxes450/3 | - | €8k | €15k | €10k | ▼ 32.9% |
| Other amounts payable47/48 | - | - | €2k | €437 | ▼ 71.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-384 | €17k | €36k | €40k | ▲ 10.8% |
| + Depreciation and write-downs630 | €40k | €42k | €54k | €47k | ▼ 12.6% |
| Operating cash flow (approximation) | €40k | €58k | €90k | €87k | ▼ 3.2% |
| Investment in fixed assets (approximation) | - | €-85k | €0 | €0 | - |
| Change in cash | - | €30k | €101k | €-63k | ▼ 163% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Highest result since 2022net €40k ▲10.8%
Operating result €63k, net result €40k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 9.34
Current ratio from 4.66 to 9.34; short-term debt falls from €40k to €26k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 4.66
Current ratio from 1.95 to 4.66; short-term debt falls from €73k to €40k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Blégny · 1 establishment unit since 2022
Ground area
979 m²
Building footprint
103 m²
Volume, LiDAR
739 m³
Parcel 62095D0038/00H000, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ERNST IMMO
since 20222.335.471.275
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62095D0038/00H000 | Wallonia | 979 m² | 1 · 103 m² | 9.5 m · 2 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.
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 4,326 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
Founded08-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.