Active BE 0849.752.167Private limited company (pre-2019)Open bankruptcy

ERSA COMPANY

Pagodenlaan 345 ·1020 Brussel, Belgium· 13 yrs active

Sector: Goederenvervoer over de weg (49410)

Conclusion Checked

A bankruptcy procedure is open for ERSA COMPANY according to publications in the Belgian State Gazette. The 2018 annual accounts show equity of €250k and a net result of €230k.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€250k
Net result	€230k
Staff (FTE)	9.9
Active	13 yrs

Financial profile 4 of 5 axes measured · computed by Checked

47 / 100

Mixed profile: strong on profitability, weaker on stability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 20

Profitability 100

Solvency 67

Growth -

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2018 · computed

20 / 100 Critical

050100

Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2018 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview6 NBB filings

Annual accounts filed on 30-09-2019 with the NBB · fiscal year 2018 · volledig

Highlight YoY changes (±10%)

Fiscal year	2018
Deposit	volledig
Revenue	-
EBITDA	€222k
Net profit	€230k
Cash flow	€396k
Staff costs	-
Income taxes	€33k
Dividends	-
Total assets	€766k
Equity	€250k
Debt	€516k
of which ≤ 1y	€272k
of which > 1y	€244k
Working capital	€69k
Employees (FTE)	9.9

Ratios (computed)

	2018
Current ratio	1.26
Quick ratio	1.26
Working capital ratio	9.1%
Solvency	32.7%
Debt / equity	0.97
Long-term debt ratio	0.97
Interest coverage	-
Gross margin	-
Net margin	-
ROA	30.0%
ROE	91.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Assets

Fixed assets €425k · 55.4% Current assets €341k · 44.6%

Equity & liabilities

Equity €250k · 32.7% Debt €516k · 67.3%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€766k
Fixed assets	21/28	€425k
Tangible fixed assets	22/27	€402k
Financial fixed assets	28	€23k
Current assets	29/58	€341k
Amounts receivable within one year	40/41	€160k
Cash & bank	54/58	€154k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€766k
Equity	10/15	€250k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€230k
Amounts payable	17/49	€516k
Amounts payable after one year	17	€244k
Amounts payable within one year	42/48	€272k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€638k
Operating result	9901	€56k
Financial income	75	€9k
Financial charges	65	€51k
Result before taxes	9903	€14k
Income taxes	67/77	€33k
Net result for the period	9904	€-19k
Result to be appropriated	9905	€-19k

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	FRANCOIS LE GENTIL DE ROSMORDUC AVENUE LOUISE 349/17, 1050 BRUXELLES 5	24-02-2020 → present	Belgian State Gazette

Legal Structure

NACE primary	Goederenvervoer over de weg(49410)
Legal form	Private limited company (pre-2019)(015)
Incorporation	19-10-2012
Status	Active
Postal code	1020
First BS signal	28-02-2020
Latest BS signal	28-02-2020

Establishment units 2 locations

Pagodenlaan 345, 1020 Brussel

Vervaardiging van metalen constructiewerken of gebinten voor de bouw

since 20142.228.347.445

Ersa Company

Bellestraat 9, 2030 AntwerpenVervaardiging van metalen constructiewerken of gebinten voor de bouw

since 20162.257.686.876

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11816A0194/00H000	Flanders	3.7 ha	1 · 175 m²	3.3 m · 1 fl.
21818E0200/00K004	Brussels	120 m²	1 · 68 m²	14.2 m · 4 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2020

28-02-2020

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · ERSA COMPANY SPRL AVENUE DES PAGODES 345, 1020 LAEKEN · event 24-02-2020

2019

30-09-2019