ERSACE
InactiveERSACE was declared bankrupt on 08-04-2024 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 04-11-2025, published in the Belgian State Gazette on 10-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 03-09-2024, 34 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 · 1 filingDeviation from the deadline
2023
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2023 accounts 34 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Equity
-€45,768
Total assets
€133,783
Net result
-€58,431
Working capital
-€49,806
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €133,783
Fixed assets
€4,038
Current assets
€129,745
Key figures and ratios
EBITDA
-€53,897
Cash flow
-€57,733
Solvency
-34.2%
Current ratio
0.72
Debt to equity
-3.92
ROA
-43.7%
Interest coverage
-15.25
Debt
€179,551
Debt ≤ 1 year
€179,551
Income taxes
€396
Staff costs
€641,520
Annual accounts
| Line | 2023 |
|---|---|
| Remuneration, social security and pensions62 | €641,520 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €699 |
| Other operating charges640/8 | €1,159 |
| Gross operating margin9900 | €588,782 |
| Operating profit (loss)9901 | -€54,596 |
| Financial income75/76B | €94 |
| Recurring financial income75 | €94 |
| Financial charges65/66B | €3,534 |
| Recurring financial charges65 | €3,534 |
| Profit (loss) for the period before taxes9903 | -€58,036 |
| Income taxes67/77 | €396 |
| Profit (loss) for the period9904 | -€58,431 |
| Profit (loss) for the period to be appropriated9905 | -€58,431 |
| Line | 2023 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €133,783 | |
| Fixed assets21/28 | €4,038 | |
| Tangible fixed assets22/27 | €3,270 | |
| Furniture and vehicles24 | €2,078 | |
| Other tangible fixed assets26 | €1,192 | |
| Financial fixed assets28 | €768 | |
| Current assets29/58 | €129,745 | |
| Amounts receivable within one year40/41 | €59,085 | |
| Trade receivables40 | €51,674 | |
| Other amounts receivable41 | €7,411 | |
| Cash at bank and in hand54/58 | €70,346 | |
| Deferred charges and accrued income490/1 | €314 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €133,783 | |
| Equity10/15 | -€45,768 | |
| Contributions10/11 | €6,200 | |
| Profit (loss) carried forward14 | -€51,968 | |
| Amounts payable17/49 | €179,551 | |
| Amounts payable within one year42/48 | €179,551 | |
| Trade debts44 | €28,452 | |
| Suppliers440/4 | €28,452 | |
| Taxes, remuneration and social security45 | €78,184 | |
| Taxes450/3 | €6,766 | |
| Remuneration and social security454/9 | €71,418 | |
| Other amounts payable47/48 | €72,915 | |
| Line | 2023 |
|---|---|
| Profit (loss) for the period9904 | -€58,431 |
| + Depreciation and write-downs630 | €699 |
| Operating cash flow (approximation) | -€57,733 |
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
10-11
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 04-11-2025
2024
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 34 days late
12-04
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 08-04-2024
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | INGRID VON FRENCKELL QUAI MARCELLIS 7 7,
4020 LIEGE 2 |
08-04-2024 → 04-11-2025 |