ERRARD IMMO
ActiveSummary
ERRARD IMMO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-18k) and a net result of €-14k. Equity is shrinking by ~147.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability10▲+2
Solvency16▼-6
Growth32=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.07 in 2023; short-term debt: 29.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-8.7%
Return on assets
-6.9%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year €-18k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
28 d late
2022
67 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-18k▼ 380%
2023 · €-4k
2022: €9khighest in 3 years
2023: €-4k▼ -140% vs 2022
2024: €-18k▼ -380% vs 2023lowest in 3 years
2022 → 2024
Total assets
€209k▲ 42.0%
2023 · €147k
2022: €117klowest in 3 years
2023: €147k▲ +25.6% vs 2022
2024: €209k▲ +42.0% vs 2023highest in 3 years
2022 → 2024
Net result
€-14k▼ 9.5%
2023 · €-13k
2022: €-11khighest in 3 years
2023: €-13k▼ -22.3% vs 2022
2024: €-14k▼ -9.5% vs 2023lowest in 3 years
2022 → 2024
Working capital
€-60k▼ 142%
2023 · €-25k
2023: €-25k
2024: €-60k▼ -142% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€9k-€-4k€-18k▼ 380%
2022: €9khighest in 3 years
2023: €-4k▼ -140% vs 2022
2024: €-18k▼ -380% vs 2023lowest in 3 years
Operating result€-6k-€-8k▼ 21.4%€-11k▼ 38.6%
2022: €-6khighest in 3 years
2023: €-8k▼ -21.4% vs 2022
2024: €-11k▼ -38.6% vs 2023lowest in 3 years
Net result€-11k-€-13k▼ 22.3%€-14k▼ 9.5%
2022: €-11khighest in 3 years
2023: €-13k▼ -22.3% vs 2022
2024: €-14k▼ -9.5% vs 2023lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2024 against €8k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €208k
Fixed assets
€207k ▲ 43.1%
Current assets
€2k ▼ 10.9%
Key figures and ratios
EBITDA
€-2k▼
2023 · €-1k
Cash flow
€-6k▲
2023 · €-7k
Solvency
-8.7%▼
2023 · -2.6%
Current ratio
0.03▼
2023 · 0.07
Debt to equity
-12.54▲
2023 · -40.00
ROA
-6.9%▲
2023 · -8.9%
Interest coverage
-0.53▼
2023 · -0.26
Debt
€227k▲
2023 · €151k
Debt ≤ 1 year
€62k▲
2023 · €27k
Debt > 1 year
€165k▲
2023 · €124k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€147k€209k▲
Formation expenses20€796€517▼
Fixed assets21/28€144k€207k▲
Tangible fixed assets22/27€144k€207k▲
Land and buildings22€144k€207k▲
Current assets29/58€2k€2k▼
Amounts receivable within one year40/41€2k€2k▼
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€117-
Equity and liabilities
Total equity and liabilities10/49€147k€209k▲
Equity10/15€-4k€-18k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-24k€-38k▼
Amounts payable17/49€151k€227k▲
Amounts payable after more than one year17€124k€165k▲
Financial debts170/4€124k€165k▲
Amounts payable within one year42/48€27k€62k▲
Current portion of amounts payable after more than one year42€6k€13k▲
Financial debts43-€3
Credit institutions430/8-€3
Trade debts44€908€15k▲
Suppliers440/4€908€15k▲
Other amounts payable47/48€20k€33k▲
Accrued charges and deferred income492/3€384€384=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€9k▲
Other operating charges640/8€384€387▲
Non-recurring operating charges66A-€300
Gross operating margin9900€-994€-1k▼
Operating profit (loss)9901€-8k€-11k▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-13k€-14k▼
Profit (loss) for the period9904€-13k€-14k▼
Profit (loss) for the period to be appropriated9905€-13k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-38k▼
Profit (loss) brought forward from the previous period14P€-11k€-24k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €9k | ▲ 38.2% |
| Other operating charges640/8 | €348 | €384 | €387 | ▲ 0.8% |
| Non-recurring operating charges66A | - | - | €300 | - |
| Gross operating margin9900 | €-418 | €-994 | €-1k | ▼ 25.3% |
| Operating profit (loss)9901 | €-6k | €-8k | €-11k | ▼ 38.6% |
| Financial charges65/66B | €4k | €5k | €4k | ▼ 32.1% |
| Recurring financial charges65 | €4k | €5k | €4k | ▼ 32.1% |
| Profit (loss) for the period before taxes9903 | €-11k | €-13k | €-14k | ▼ 9.5% |
| Profit (loss) for the period9904 | €-11k | €-13k | €-14k | ▼ 9.5% |
| Profit (loss) for the period to be appropriated9905 | €-11k | €-13k | €-14k | ▼ 9.5% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €117k | €147k | €209k | ▲ 42.0% |
| Formation expenses20 | €1k | €796 | €517 | ▼ 35.1% |
| Fixed assets21/28 | €116k | €144k | €207k | ▲ 43.1% |
| Tangible fixed assets22/27 | €116k | €144k | €207k | ▲ 43.1% |
| Land and buildings22 | €116k | €144k | €207k | ▲ 43.1% |
| Current assets29/58 | - | €2k | €2k | ▼ 10.9% |
| Amounts receivable within one year40/41 | - | €2k | €2k | ▼ 4.7% |
| Other amounts receivable41 | - | €2k | €2k | ▼ 4.7% |
| Cash at bank and in hand54/58 | - | €117 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €117k | €147k | €209k | ▲ 42.0% |
| Equity10/15 | €9k | €-4k | €-18k | ▼ 380% |
| Contributions10/11 | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-11k | €-24k | €-38k | ▼ 60.2% |
| Amounts payable17/49 | €108k | €151k | €227k | ▲ 50.5% |
| Amounts payable after more than one year17 | €95k | €124k | €165k | ▲ 33.2% |
| Financial debts170/4 | €95k | €124k | €165k | ▲ 33.2% |
| Amounts payable within one year42/48 | €13k | €27k | €62k | ▲ 132% |
| Current portion of amounts payable after more than one year42 | €5k | €6k | €13k | ▲ 130% |
| Financial debts43 | €34 | - | €3 | - |
| Credit institutions430/8 | €34 | - | €3 | - |
| Trade debts44 | - | €908 | €15k | ▲ 1,533% |
| Suppliers440/4 | - | €908 | €15k | ▲ 1,533% |
| Other amounts payable47/48 | €7k | €20k | €33k | ▲ 68.3% |
| Accrued charges and deferred income492/3 | €340 | €384 | €384 | = |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €-13k | €-14k | ▼ 9.5% |
| + Depreciation and write-downs630 | €6k | €6k | €9k | ▲ 38.2% |
| Operating cash flow (approximation) | €-5k | €-7k | €-6k | ▲ 17.4% |
| Investment in fixed assets (approximation) | - | €-35k | €-71k | ▼ 104% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Virton · 1 establishment unit since 2021
Ground area
1,398 m²
Building footprint
103 m²
Volume, LiDAR
725 m³
Parcel 85035A0049/00H002, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ERRARD IMMO
since 20212.325.126.325
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85035A0049/00H002 | Wallonia | 1,398 m² | 1 · 103 m² | 9.6 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 12,020 companies in sector 68203 we hold annual accounts for 5,986. 1,424 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
Founded09-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
Contact
E-mail
info@pubevents.be
Phone
+32495506077
Scores and ratios are computed by Checked and are not a credit decision.