ERSHAD
ActiveThe computed 12-month bankruptcy probability of ERSHAD is 8.8% (elevated). The 2025 annual accounts show negative equity (€-2k) and a net result of €-4k. Its solvency ranks better than 11% of 13306 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
8
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-35
Solvency0▼-80
Growth32
Track record82
Bankruptcy probability, 12 months
8.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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 2025Age of the figures
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year €-2k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
24 d early
2024
16 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-2k
2024 · €2k
2024: €2k
2024 → 2025
Total assets
€2k▼ 53.6%
2024 · €4k
2024: €4k
2024 → 2025
Net result
€-4k▼ 7,660%
2024 · €-53
2024: €-53
2024 → 2025
Working capital
€-2k
2024 · €2k
2024: €2k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€2k-€-2k
Operating result€517-€-4k
Net result€-53-€-4k▼ 7,660%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €517 in 2024.
Key figures and ratios
Debt
€4k▲
2024 · €2k
Debt ≤ 1 year
€4k▲
2024 · €2k
Income taxes
€0▼
2024 · €421
Ratios withheld: a balance sheet total of €2k is too small for a meaningful ratio.
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€4k€2k▼
Current assets29/58€4k€2k▼
Amounts receivable within one year40/41€4k€2k▼
Trade receivables40€4k€2k▼
Cash at bank and in hand54/58€290€0▼
Equity and liabilities
Total equity and liabilities10/49€4k€2k▼
Equity10/15€2k€-2k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-53€-4k▼
Amounts payable17/49€2k€4k▲
Amounts payable within one year42/48€2k€4k▲
Trade debts44€701€3k▲
Suppliers440/4€701€3k▲
Taxes, remuneration and social security45€755€550▼
Taxes450/3€755€550▼
Other amounts payable47/48€571€38▼
Income statement
Code20242025
Other operating charges640/8€50€0▼
Gross operating margin9900€567€-4k▼
Operating profit (loss)9901€517€-4k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€150€219▲
Recurring financial charges65€150€219▲
Profit (loss) for the period before taxes9903€367€-4k▼
Income taxes67/77€421€0▼
Profit (loss) for the period9904€-53€-4k▼
Profit (loss) for the period to be appropriated9905€-53€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-53€-4k▼
Profit (loss) brought forward from the previous period14P-€-53
The notes to these accounts (5 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 16 days late
NBB filing
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
Registered office, Turnhout · 1 establishment unit since 2024
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.
Hannuitstraat 482300 TurnhoutGround area
544 m²
Building footprint
281 m²
Volume, LiDAR
2,965 m³
2 parcels, Flanders · tallest building 20.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ERSHAD
since 20242.356.043.292
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13454Q0480/00W005 | Flanders | 298 m² | 1 · 94 m² | 10.6 m · 3 fl. |
| 13454P0108/00R006 | Flanders | 245 m² | 1 · 188 m² | 20.4 m · 5 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
WERY-MOTTIN
BE 0885.782.224
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NINWE
BE 0890.058.934
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Ymaso
BE 0694.803.278
Zulte · Eq €2k
NEW SUNRISE 1
BE 1008.979.944
Anderlecht · Eq €2k
ME-Komfort
BE 0672.560.584
Bütgenbach · Eq €2k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 3,225 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-02-2024
Fiscal year end31-12
Activities, NACEBEL
46319Wholesale of fruit and vegetables, excluding potatoes
56101Full-service restaurants
56111Full-service restaurants
47252Retail sale of beverages, general range
56210Event catering
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.