Erogal
ActiveErogal has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.10M and a net result of €53k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 669 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
79
/ 100
Excellent▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-12
Solvency71▲+2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.71 in 2024), but 65.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
34.2%
Return on assets
0.9%
Age of the figures
8 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
29 d early
2023
26 d early
2022
13 d early
2021
25 d early
2020
4 d late
2019
15 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€53k▼ 47.6%
2024 · €102k
2018: €129k
2019: €175k
2020: €322k
2021: €468k
2022: €60k
2023: €288k
2024: €102k
2018 → 2025
Working capital
€1.22M▲ 20.2%
2024 · €1.01M
2018: €1.63M
2019: €1.42M
2020: €1.52M
2021: €1.58M
2022: €1.03M
2023: €1.29M
2024: €1.01M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.17M-€2.06M▼ 5.2%€2.12M▲ 2.8%€2.04M▼ 3.5%€2.10M▲ 2.6%
Operating result€626k-€7k▼ 98.9%€179k▲ 2,602%€60k▼ 66.3%€140k▲ 133%
Net result€468k-€60k▼ 87.1%€288k▲ 376%€102k▼ 64.5%€53k▼ 47.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 133% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.14M
Fixed assets
€3.42M▼ 3.5%
Current assets
€2.71M▲ 11.4%
Equity and liabilities €6.14M
Equity
€2.10M▲ 2.6%
Debt
€4.04M▲ 2.6%
The debt ratio stays at 65.8%.
Key figures and ratios
EBITDA
€518k▲
2024 · €423k
Cash flow
€432k▼
2024 · €465k
Solvency
34.2%=
2024 · 34.2%
Current ratio
1.81▲
2024 · 1.71
Quick ratio
1.76▲
2024 · 1.65
Debt / equity
1.93=
2024 · 1.93
ROE
2.5%▼
2024 · 5.0%
ROA
0.9%▼
2024 · 1.7%
Interest coverage
3.17▼
2024 · 3.85
Debt
€4.04M▲
2024 · €3.94M
Debt ≤ 1 year
€1.50M▲
2024 · €1.42M
Debt > 1 year
€2.54M▲
2024 · €2.51M
Income taxes
€71k▲
2024 · €53k
Staff costs
€2.02M▲
2024 · €1.96M
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€5.98M€6.14M▲
Fixed assets21/28€3.55M€3.42M▼
Tangible fixed assets22/27€3.55M€3.42M▼
Land and buildings22€2.63M€2.44M▼
Plant, machinery and equipment23€849k€934k▲
Furniture and vehicles24€67k€53k▼
Financial fixed assets28€198€198=
Current assets29/58€2.43M€2.71M▲
Stocks and contracts in progress3€89k€83k▼
Stocks30/36€89k€83k▼
Amounts receivable within one year40/41€582k€909k▲
Trade receivables40€581k€695k▲
Other amounts receivable41€1k€214k▲
Current investments50/53€1.53M€1.30M▼
Cash at bank and in hand54/58€152k€396k▲
Deferred charges and accrued income490/1€76k€22k▼
Equity and liabilities
Total equity and liabilities10/49€5.98M€6.14M▲
Equity10/15€2.04M€2.10M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.32M€1.38M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€1.31M€1.37M▲
Profit (loss) carried forward14€657k€657k=
Amounts payable17/49€3.94M€4.04M▲
Amounts payable after more than one year17€2.51M€2.54M▲
Financial debts170/4€1.98M€2.00M▲
Other amounts payable178/9€539k€539k=
Amounts payable within one year42/48€1.42M€1.50M▲
Current portion of amounts payable after more than one year42€349k€362k▲
Financial debts43€242k€397k▲
Credit institutions430/8€242k€397k▲
Trade debts44€291k€334k▲
Suppliers440/4€291k€334k▲
Taxes, remuneration and social security45€331k€276k▼
Taxes450/3€116k€62k▼
Remuneration and social security454/9€215k€214k▼
Other amounts payable47/48€211k€128k▼
Income statement
Code20242025
Non-recurring operating income76A€20k€15k▼
Remuneration, social security and pensions62€1.96M€2.02M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€363k€378k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-425€0▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€49k€48k▼
Non-recurring operating charges66A-€13k
Gross operating margin9900€2.43M€2.60M▲
Operating profit (loss)9901€60k€140k▲
Financial income75/76B€205k€148k▼
Recurring financial income75€205k€148k▼
Financial charges65/66B€110k€163k▲
Recurring financial charges65€110k€163k▲
Profit (loss) for the period before taxes9903€155k€125k▼
Income taxes67/77€53k€71k▲
Profit (loss) for the period9904€102k€53k▼
Profit (loss) for the period to be appropriated9905€102k€53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€759k€711k▼
Profit (loss) brought forward from the previous period14P€657k€657k=
Transfer from equity791/2€175k€0▼
Transfer to equity691/2€102k€53k▼
To other reserves6921€102k€53k▼
Profit to be distributed694/7€175k€0▼
Return on contributions (dividend)694€175k€0▼
Directors or managers695€0-
Social balance
Average headcount (FTE)908733.733.8▲
The notes to these accounts (23 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €53k ▼47.6%
Net result drops to €53k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €468k ▲45.3%
Operating result €626k, net result €468k, both a record.
31-12
Financial
Equity above €2MEq €2.17M ▲13.8%
4 profitable years in a row build equity to €2.17M.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2022
K.E. INVEST
CurrentDirector · since 01-07-2022 · Private limited company · perm. rep.: Kristof Eeckhout
P.E. INVEST
CurrentDirector · since 01-07-2022 · Private limited company · perm. rep.: Philip Eeckhout
01-07-2022
K.E. INVEST: Appointed as Director
01-07-2022
K.E. INVEST: Appointed as Gedelegerd bestuurder
01-07-2022
P.E. INVEST: Appointed as Director
01-07-2022
P.E. INVEST: Appointed as Gedelegerd bestuurder
01-07-2022
Kristof Eeckhout: Resigned as Director
01-07-2022
Philip Eeckhout: Resigned as Director
Location & real-estate footprint
Registered office, Staden · 2 establishment units since 1969
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.
Spanjestraat(ONK) 878840 StadenGround area
2.2 ha
Building footprint
6,313 m²
Volume, LiDAR
32,575 m³
Parcel 36014D0444/00Z000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
EROGAL NV
since 19692.003.174.516
Spanjestraat(ONK) 87, 8840 Staden
since 20012.003.174.417
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36014D0444/00Z000 | Flanders | 2.2 ha | 1 · 6,313 m² | 7.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 10,275 EUR awarded · 10,275 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 144 EUR | 144 EUR |
| 2024 | 1 | 711 EUR | 711 EUR |
| 2023 | 1 | 3,459 EUR | 3,459 EUR |
| 2022 | 1 | 5,961 EUR | 5,961 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
894500V4M2PS3T4JN861
Similar companies · same sector, comparable size
Vlamcoat
BE 0538.522.818
Oostrozebeke · Eq €2.10M
COATINQ Mouscron
BE 0433.603.361
Mouscron · Eq €2.09M
ALUMECO
BE 0441.727.607
Anzegem · Eq €2.10M
ANOGEL
BE 0425.018.762
Roeselare · Eq €2.07M
ELECTROCOAT GENK
BE 0441.514.207
Genk · Eq €2.06M
Of 708 companies in sector 25510 we hold annual accounts for 407. 227 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-05-1969
Fiscal year end31-12
Activities, NACEBEL
25510Coating of metals
25530Machining of metals
25610Manufacture of fabricated metal products, except machinery and equipment
28510
28520
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.