ERSA Management
ActiveERSA Management is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €154k and a net result of €65k. Equity is growing by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 7971 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 7971 sector peers (2025).
NBB · sector comparisonPosition among 7971 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
35 d early
2024
6 d late
2023
123 d late
2022
3 d early
2021
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€154k▲ 72.5%
2024 · €89k
2021: €-7k
2022: €55k
2023: €89k
2024: €89k
2021 → 2025
Net result
€65k▲ 70,887%
2024 · €91
2021: €-12k
2022: €62k
2023: €35k
2024: €91
2021 → 2025
Total assets
€873k▼ 1.2%
2024 · €883k
2021: €935k
2022: €948k
2023: €876k
2024: €883k
2021 → 2025
Solvency
17.7%▲ 7.6pp
2024 · 10.1%
2021: -0.8%
2022: 5.8%
2023: 10.2%
2024: 10.1%
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-7k-€55k€89k▲ 63.3%€89k▲ 0.1%€154k▲ 72.5%
Operating result€-8k-€96k€62k▼ 36.0%€44k▼ 29.1%€115k▲ 162%
Net result€-12k-€62k€35k▼ 44.2%€91▼ 99.7%€65k▲ 70,887%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 162% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €873k
Fixed assets
€821k▼ 1.2%
Current assets
€52k▼ 0.3%
Equity and liabilities €873k
Equity
€154k▲ 72.5%
Debt
€718k▼ 9.5%
The debt ratio falls from 89.9% to 82.3%: equity grows while debt is paid down.
Key figures and ratios
Solvency
17.7%▲
2024 · 10.1%
ROE
42.0%▲
2024 · 0.1%
ROA
7.4%▲
2024 · 0.0%
Debt
€718k▼
2024 · €794k
Debt ≤ 1 year
€139k▼
2024 · €185k
Debt > 1 year
€575k▼
2024 · €608k
Income taxes
€28k
Staff costs
€-1k▼
2024 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€883k€873k▼
Formation expenses20-€0
Fixed assets21/28€831k€821k▼
Tangible fixed assets22/27€831k€821k▼
Land and buildings22€790k€773k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24€41k€44k▲
Current assets29/58€52k€52k▼
Amounts receivable within one year40/41€49k€39k▼
Trade receivables40€49k€39k▼
Cash at bank and in hand54/58-€5k
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€883k€873k▼
Equity10/15€89k€154k▲
Contributions10/11€5k€5k=
Reserves13€84k€149k▲
Distributable reserves133€84k€149k▲
Profit (loss) carried forward14€91-
Amounts payable17/49€794k€718k▼
Amounts payable after more than one year17€608k€575k▼
Financial debts170/4€608k€575k▼
Amounts payable within one year42/48€185k€139k▼
Current portion of amounts payable after more than one year42€69k€61k▼
Trade debts44€31k€16k▼
Suppliers440/4€31k€16k▼
Taxes, remuneration and social security45€44k€43k▼
Taxes450/3€40k€43k▲
Remuneration and social security454/9€4k-
Other amounts payable47/48€42k€19k▼
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Remuneration, social security and pensions62€66k€-1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€23k▲
Other operating charges640/8€77k€6k▼
Gross operating margin9900€209k€142k▼
Operating profit (loss)9901€44k€115k▲
Financial income75/76B-€42
Recurring financial income75-€42
Financial charges65/66B€44k€22k▼
Recurring financial charges65€44k€22k▼
Profit (loss) for the period before taxes9903€91€93k▲
Income taxes67/77-€28k
Profit (loss) for the period9904€91€65k▲
Profit (loss) for the period to be appropriated9905€91€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€91€65k▲
Profit (loss) brought forward from the previous period14P-€91
Transfer to equity691/2-€65k
To other reserves6921-€65k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2021net €65k ▲70887%
Operating result €115k, net result €65k, both a record.
30-09
Financial
Equity above €150kEq €154k ▲72.5%
4 profitable years in a row build equity to €154k.
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 123 days late
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €62k
Net result €62k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Knokke-Heist · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zeedijk-Heist 2848301 Knokke-HeistGround area
252 m²
Building footprint
252 m²
Volume, LiDAR
2,122 m³
Parcel 31336H1221/00A000, Flanders · tallest building 19.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ERSA Management
since 20202.306.680.982
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31336H1221/00A000 | Flanders | 252 m² | 1 · 252 m² | 19.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 24,637 companies in sector 64210 we hold annual accounts for 19,690. 13,233 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-07-2020
Fiscal year end30-09
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.