ERRA CONSTRUCT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 06-10-2025 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is 1% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 31-03-2024 | 31-03-2025 |
|---|---|---|
| Tangible fixed assets | €5,664 | - |
| Depreciation and write-downs of the year | €307 | €1,888 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €307 | €1,888 | ▲ 515% |
| Gross operating margin9900 | €20,440 | €22,279 | ▲ 9.0% |
| Operating profit (loss)9901 | €20,133 | €20,391 | ▲ 1.3% |
| Financial income75/76B | €27 | €69 | ▲ 156% |
| Recurring financial income75 | €27 | €69 | ▲ 156% |
| Financial charges65/66B | €140 | €186 | ▲ 32.9% |
| Recurring financial charges65 | €140 | €186 | ▲ 32.9% |
| Profit (loss) for the period before taxes9903 | €20,020 | €20,274 | ▲ 1.3% |
| Income taxes67/77 | €5,005 | €4,055 | ▼ 19.0% |
| Profit (loss) for the period9904 | €15,015 | €16,219 | ▲ 8.0% |
| Profit (loss) for the period to be appropriated9905 | €15,015 | €16,219 | ▲ 8.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €25,665 | €68,992 | ▲ 169% |
| Fixed assets21/28 | €5,357 | €3,469 | ▼ 35.2% |
| Tangible fixed assets22/27 | €5,357 | €3,469 | ▼ 35.2% |
| Plant, machinery and equipment23 | €999 | €649 | ▼ 35.0% |
| Furniture and vehicles24 | €4,358 | €2,820 | ▼ 35.3% |
| Current assets29/58 | €20,308 | €65,523 | ▲ 223% |
| Amounts receivable within one year40/41 | €19,899 | €42,955 | ▲ 116% |
| Trade receivables40 | €13,321 | €27,872 | ▲ 109% |
| Other amounts receivable41 | €6,578 | €15,083 | ▲ 129% |
| Cash at bank and in hand54/58 | €409 | €22,568 | ▲ 55× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €25,665 | €68,992 | ▲ 169% |
| Equity10/15 | €18,015 | €34,234 | ▲ 90.0% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Capital10 | - | €3,000 | - |
| Issued capital100 | - | €3,000 | - |
| Contributions outside capital11 | €3,000 | - | - |
| Other1109/19 | €3,000 | - | - |
| Profit (loss) carried forward14 | €15,015 | €31,234 | ▲ 108% |
| Amounts payable17/49 | €7,650 | €34,758 | ▲ 354% |
| Amounts payable within one year42/48 | €7,650 | €34,758 | ▲ 354% |
| Trade debts44 | €2,645 | €9,103 | ▲ 244% |
| Suppliers440/4 | €2,645 | €9,103 | ▲ 244% |
| Taxes, remuneration and social security45 | €5,005 | €25,655 | ▲ 413% |
| Taxes450/3 | €5,005 | €4,055 | ▼ 19.0% |
| Remuneration and social security454/9 | - | €21,600 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €15,015 | €16,219 | ▲ 8.0% |
| + Depreciation and write-downs630 | €307 | €1,888 | ▲ 515% |
| Operating cash flow (approximation) | €15,322 | €18,107 | ▲ 18.2% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €22,159 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as ERRA CONSTRUCT has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ERRA CONSTRUCT itself: 1.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for ERRA CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.