EROL
InactiveFinancials · financial year 2025, micro format
Equity
-€8,074▲ 89.5%
2024 · -€76,613
Total assets
€97,612▼ 51.8%
2024 · €202,696
Net result
€68,538
2024 · -€18,909
Working capital
-€8,209▲ 94.9%
2024 · -€159,677
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €74,204 after a loss of €14,339 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€74,204
2025
Net result€68,538
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€97,612
2025
Equity-€8,074
2025
Debt€105,687
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€8,209
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€31,958--€32,538▼ 1.8%€8,854€9,578▲ 8.2%€42,539▲ 344%€3,493▼ 91.8%-€14,339€74,204
Net result-€32,503--€34,079▼ 4.8%€7,270€8,964▲ 23.3%€41,947▲ 368%-€529-€18,909▼ 3,474%€68,538
Equity-€81,276--€115,354▼ 41.9%-€108,085▲ 6.3%-€99,121▲ 8.3%-€57,175▲ 42.3%-€57,704▼ 0.9%-€76,613▼ 32.8%-€8,074▲ 89.5%
Total assets€94,328-€89,109▼ 5.5%€76,958▼ 13.6%€89,751▲ 16.6%€150,735▲ 67.9%€236,952▲ 57.2%€202,696▼ 14.5%€97,612▼ 51.8%
Debt€175,604-€204,463▲ 16.4%€185,043▼ 9.5%€188,873▲ 2.1%€207,909▲ 10.1%€294,656▲ 41.7%€279,309▼ 5.2%€105,687▼ 62.2%
Working capital-€140,737--€172,425▼ 22.5%-€143,656▲ 16.7%-€120,273▲ 16.3%-€93,313▲ 22.4%-€150,448▼ 61.2%-€159,677▼ 6.1%-€8,209▲ 94.9%
Staff (FTE)2-2=2=2=1.8▼ 10.0%1▼ 44.4%1=1=
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97,612
Fixed assets
€135 ▼ 99.9%
Current assets
€97,477 ▲ 78.0%
Equity and liabilities
Equity-€8,074
Debt€105,687
Equity is negative: debt (€105,687) exceeds the balance-sheet total (€97,612).
Key figures and ratios
EBITDA
€74,204▲
2024 · €12,288
Cash flow
€68,538▲
2024 · €7,718
Solvency
-8.3%▲
2024 · -37.8%
Current ratio
0.92▲
2024 · 0.26
ROA
70.2%▲
2024 · -9.3%
Interest coverage
13.06▲
2024 · 2.51
Debt ≤ 1 year
€105,687▼
2024 · €214,435
Debt > 1 year
€0▼
2024 · €64,763
Staff costs
€47,095▼
2024 · €48,019
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €20,700 | €68,734 | €348 | €117,553 | ▲ 33,673% |
| Remuneration, social security and pensions62 | - | - | - | €85,832 | €82,218 | €51,616 | €48,019 | €47,095 | ▼ 1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,140 | €28,759 | €26,244 | €13,728 | €10,059 | €24,209 | €26,627 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,285 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €493 | €627 | €698 | €757 | €595 | ▼ 21.3% |
| Non-recurring operating charges66A | - | - | - | €13,153 | - | - | - | €24,491 | - |
| Gross operating margin9900 | €69,907 | €78,416 | €135,238 | €126,069 | €135,442 | €80,016 | €61,064 | €146,385 | ▲ 140% |
| Operating profit (loss)9901 | -€31,958 | -€32,538 | €8,854 | €9,578 | €42,539 | €3,493 | -€14,339 | €74,204 | - |
| Financial income75/76B | - | - | - | - | €0 | €0 | €322 | €15 | ▼ 95.3% |
| Recurring financial income75 | €49 | €1,530 | €20 | - | €0 | €0 | €322 | €15 | ▼ 95.3% |
| Financial charges65/66B | - | - | - | €614 | €592 | €4,022 | €4,892 | €5,681 | ▲ 16.1% |
| Recurring financial charges65 | €594 | €3,071 | €1,604 | €614 | €592 | €4,022 | €4,892 | €5,681 | ▲ 16.1% |
| Profit (loss) for the period before taxes9903 | -€32,503 | -€34,079 | €7,270 | €8,964 | €41,947 | -€529 | -€18,909 | €68,538 | - |
| Profit (loss) for the period9904 | -€32,503 | -€34,079 | €7,270 | €8,964 | €41,947 | -€529 | -€18,909 | €68,538 | - |
| Profit (loss) for the period to be appropriated9905 | -€32,503 | -€34,079 | €7,270 | €8,964 | €41,947 | -€529 | -€18,909 | €68,538 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €94,328 | €89,109 | €76,958 | €89,751 | €150,735 | €236,952 | €202,696 | €97,612 | ▼ 51.8% |
| Formation expenses20 | €385 | €63 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €62,471 | €60,626 | €35,602 | €21,874 | €37,796 | €175,216 | €147,938 | €135 | ▼ 99.9% |
| Tangible fixed assets22/27 | €62,201 | €60,356 | €35,332 | €21,604 | €37,526 | €174,946 | €147,668 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €16,545 | €13,809 | €35,371 | €27,220 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €5,060 | €23,717 | €139,575 | €120,448 | €0 | ▼ 100% |
| Financial fixed assets28 | €270 | €270 | €270 | €270 | €270 | €270 | €270 | €135 | ▼ 50.0% |
| Current assets29/58 | €31,472 | €28,419 | €41,356 | €67,877 | €112,939 | €61,736 | €54,759 | €97,477 | ▲ 78.0% |
| Stocks and contracts in progress3 | - | - | €12,280 | €19,540 | €17,395 | €24,263 | €23,095 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €19,540 | €17,395 | €24,263 | €23,095 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €23,592 | €18,268 | €18,577 | €13,696 | €46,868 | €16,641 | €18,327 | €29,990 | ▲ 63.6% |
| Trade receivables40 | - | - | - | €12,615 | €45,223 | €15,913 | €16,582 | €29,990 | ▲ 80.9% |
| Other amounts receivable41 | - | - | - | €1,081 | €1,645 | €728 | €1,745 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | - | €3,175 | €8,145 | €11,364 | €46,129 | €18,750 | €10,031 | €67,487 | ▲ 573% |
| Deferred charges and accrued income490/1 | - | - | - | €23,278 | €2,547 | €2,082 | €3,306 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €94,328 | €89,109 | €76,958 | €89,751 | €150,735 | €236,952 | €202,696 | €97,612 | ▼ 51.8% |
| Equity10/15 | -€81,276 | -€115,354 | -€108,085 | -€99,121 | -€57,175 | -€57,704 | -€76,613 | -€8,074 | ▲ 89.5% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€93,676 | -€127,754 | -€120,485 | -€111,521 | -€69,575 | -€70,104 | -€89,013 | -€20,474 | ▲ 77.0% |
| Amounts payable17/49 | €175,604 | €204,463 | €185,043 | €188,873 | €207,909 | €294,656 | €279,309 | €105,687 | ▼ 62.2% |
| Amounts payable after more than one year17 | - | - | - | - | - | €82,368 | €64,763 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | - | - | €82,368 | €64,763 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €172,210 | €200,844 | €185,012 | €188,150 | €206,252 | €212,184 | €214,435 | €105,687 | ▼ 50.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €16,828 | €17,605 | €0 | ▼ 100% |
| Trade debts44 | €13,651 | €35,113 | €8,892 | €7,116 | €13,695 | €8,838 | €16,092 | €76 | ▼ 99.5% |
| Suppliers440/4 | - | - | - | €7,116 | €13,695 | €8,838 | €16,092 | €76 | ▼ 99.5% |
| Taxes, remuneration and social security45 | - | - | - | €107 | €5,958 | €0 | €307 | €50,719 | ▲ 16,435% |
| Taxes450/3 | - | - | - | - | €5,514 | €0 | - | €50,696 | - |
| Remuneration and social security454/9 | - | - | - | €107 | €445 | €0 | €307 | €23 | ▼ 92.5% |
| Other amounts payable47/48 | - | - | - | €180,926 | €186,599 | €186,518 | €180,432 | €54,891 | ▼ 69.6% |
| Accrued charges and deferred income492/3 | - | - | - | €723 | €1,657 | €104 | €111 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,503 | -€34,079 | €7,270 | €8,964 | €41,947 | -€529 | -€18,909 | €68,538 | - |
| + Depreciation and write-downs630 | €27,140 | €28,759 | €26,244 | €13,728 | €10,059 | €24,209 | €26,627 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€5,363 | -€5,320 | €33,514 | €22,692 | €52,006 | €23,680 | €7,718 | €68,538 | ▲ 788% |
| Investment in fixed assets (approximation) | - | -€26,915 | -€1,220 | €0 | -€25,981 | -€161,629 | €652 | €147,803 | ▲ 22,572% |
| Change in cash | - | - | €4,971 | €3,218 | €34,765 | -€27,379 | -€8,719 | €57,456 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 19-06-2026 | 2026-00192651 |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00215847 |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00302516 |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00244902 |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20315684 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58200463 |
| 31-12-2019 | micro format | 26-10-2020 | 2020-63700353 |
| 31-12-2018 | micro format | 29-08-2019 | 2019-55000533 |
| 31-12-2017 | micro format | 24-08-2018 | 2018-49600048 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-52400029 |
Subsidies and aid
Flemish government
2022 to 2023 · 3 entries · €2,245 awarded · €2,245 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 2 | €1,649 | €1,649 |
| 2022 | 1 | €596 | €596 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.