Summary
Ersa has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2012 annual accounts show equity of €92,074 and a net result of €2,980. Equity is shrinking by ~8.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2012 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2012 · tick = 2011
Profitability71▼-2
Solvency85▲+5
Growth41▲+9
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2012Solvency, return and age of the figures
Solvency
59.6%
Return on assets
1.9%
Age of the figures
165 mo
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
neutral · No filing for years
The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2013 close31-07-2014 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 31-05-2013, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2012, abbreviated schema
Turnover
€15,000▲ 7.1%
2011 · €14,000
EBIT margin
15.6%▼ 36.5pp
2011 · 52.1%
Net result
€2,980▼ 42.0%
2011 · €5,139
Working capital
-€29,417▲ 21.6%
2011 · -€37,514
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
Line20082009201020112012
Turnover€14,000€15,000▲ 7.1%
Operating result€11,470-€12,680▲ 10.5%€12,943▲ 2.1%€7,301▼ 43.6%€2,345▼ 67.9%
Net result€8,020-€9,167▲ 14.3%€7,869▼ 14.2%€5,139▼ 34.7%€2,980▼ 42.0%
EBIT margin52.1%15.6%▼ 36.5pp
Equity€128,918-€138,085▲ 7.1%€145,954▲ 5.7%€89,094▼ 39.0%€92,074▲ 3.3%
Total assets€166,631-€175,088▲ 5.1%€157,814▼ 9.9%€163,311▲ 3.5%€154,420▼ 5.4%
Debt€37,713-€37,003▼ 1.9%€11,860▼ 67.9%€74,216▲ 526%€62,346▼ 16.0%
Working capital-€13,068-€3,336€16,843▲ 405%-€37,514-€29,417▲ 21.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2012 is 68% below 2011 and is the lowest result in the available series.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €154,420
Fixed assets
€129,130 ▼ 6.1%
Current assets
€25,290 ▼ 1.7%
Equity and liabilities €154,420
Equity
€92,074 ▲ 3.3%
Debt
€62,346 ▼ 16.0%
Debt's share of the balance-sheet total falls from 45.4% to 40.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,456▼
2011 · €16,142
Cash flow
€12,091▼
2011 · €13,980
Current ratio
0.46▲
2011 · 0.41
Debt to equity
0.08▼
2011 · 0.12
ROE
3.2%▼
2011 · 5.8%
ROA
1.9%▼
2011 · 3.1%
Debt ≤ 1 year
€54,707▼
2011 · €63,251
Debt > 1 year
€7,639▼
2011 · €10,966
Income taxes
-€1,254▼
2011 · €1,631
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €14,000 | €15,000 | ▲ 7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,379 | €7,198 | €7,198 | €8,841 | €9,111 | ▲ 3.1% |
| Gross operating margin9900 | €21,167 | €22,275 | €22,540 | €16,396 | €11,712 | ▼ 28.6% |
| Operating profit (loss)9901 | €11,470 | €12,680 | €12,943 | €7,301 | €2,345 | ▼ 67.9% |
| Recurring financial income75 | €42 | - | €29 | €253 | €70 | ▼ 72.5% |
| Recurring financial charges65 | €2,087 | €2,147 | €1,197 | €784 | €688 | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €9,425 | €10,533 | €11,775 | €6,770 | €1,726 | ▼ 74.5% |
| Income taxes67/77 | €1,405 | €1,366 | €3,905 | €1,631 | -€1,254 | ▼ 177% |
| Profit (loss) for the period9904 | €8,020 | €9,167 | €7,869 | €5,139 | €2,980 | ▼ 42.0% |
| Profit (loss) for the period to be appropriated9905 | €8,020 | €9,167 | €7,869 | €5,139 | €2,980 | ▼ 42.0% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €166,631 | €175,088 | €157,814 | €163,311 | €154,420 | ▼ 5.4% |
| Fixed assets21/28 | €144,381 | €137,183 | €129,985 | €137,574 | €129,130 | ▼ 6.1% |
| Tangible fixed assets22/27 | €144,324 | €137,126 | €129,928 | €137,517 | €129,073 | ▼ 6.1% |
| Financial fixed assets28 | €57 | €57 | €57 | €57 | €57 | = |
| Current assets29/58 | €22,250 | €37,905 | €27,829 | €25,737 | €25,290 | ▼ 1.7% |
| Amounts receivable within one year40/41 | €20,979 | €34,074 | €7,199 | €11,318 | €11,039 | ▼ 2.5% |
| Current investments50/53 | - | €2,000 | €18,525 | - | - | - |
| Cash at bank and in hand54/58 | €1,270 | €1,831 | €2,105 | €13,207 | €13,532 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €166,631 | €175,088 | €157,814 | €163,311 | €154,420 | ▼ 5.4% |
| Equity10/15 | €128,918 | €138,085 | €145,954 | €89,094 | €92,074 | ▲ 3.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €1 | €1 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €60,718 | €69,885 | €77,754 | €82,893 | €85,873 | ▲ 3.6% |
| Amounts payable17/49 | €37,713 | €37,003 | €11,860 | €74,216 | €62,346 | ▼ 16.0% |
| Amounts payable after more than one year17 | - | - | - | €10,966 | €7,639 | ▼ 30.3% |
| Amounts payable within one year42/48 | €35,318 | €34,569 | €10,986 | €63,251 | €54,707 | ▼ 13.5% |
| Trade debts44 | €5,454 | €6,574 | €5,173 | €4,035 | €200 | ▼ 95.0% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,020 | €9,167 | €7,869 | €5,139 | €2,980 | ▼ 42.0% |
| + Depreciation and write-downs630 | €7,379 | €7,198 | €7,198 | €8,841 | €9,111 | ▲ 3.1% |
| Operating cash flow (approximation) | €15,399 | €16,365 | €15,068 | €13,980 | €12,091 | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€16,430 | -€668 | ▲ 95.9% |
| Change in cash | - | €561 | €274 | €11,102 | €325 | ▼ 97.1% |
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
2013
31-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
31-12
Financial
Weakest financial yearnet €2,980 ▼42%
Net result drops to €2,980, the lowest in the series.
02-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 2 days late
2011
07-06
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
31-12
Financial
Liquidity doublescurrent ratio 2.53
Current ratio from 1.10 to 2.53; short-term debt falls from €34,569 to €10,986.
16-08
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 16 days late
2009
31-12
Financial
Highest result since 2008net €9,167 ▲14.3%
Net result €9,167, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 31 days late
2008
23-09
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 54 days late
2007
28-08
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema · 28 days late
2006
18-08
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema · 18 days late
2005
29-06
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
2004
30-07
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Schilde · 1 establishment unit since 1983
Ground area
454 m²
Building footprint
120 m²
Volume, LiDAR
746 m³
Parcel 11922C0102/00T002, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ERSA VOF
since 19832.021.804.256
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922C0102/00T002 | Flanders | 454 m² | 1 · 120 m² | 8.5 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.
Identification & contact
Identification
Legal formGeneral partnership
Founded07-01-1983
Fiscal year end31-12
Contact
E-mail
bcl@arex.beSchilde
Phone
+3232484100Schilde
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.