Equity
-€1,691
Debts exceed assets in financial year 2025.
ERSHAD
Lifetime
2 annual accounts with figures on one time axispeak €567 (2024)
-€3,920▼ €4,488
lowest -€4,138 (2025)
-€4,138▼ €4,084
peak €2,447 (2024)
-€1,691▼ €4,138
€3,768▲ 85.9%
Board1 name since 2024
1 director
Documentsfilings and deeds
07-07-202624 days before the deadline
2025micro format
Gross margin from €567 to -€3,920Loss of €4,138Equity from €2,447 to -€1,691Debts from €2,027 to €3,768Cash from €290 to €0
Key points
from the 2025 annual accountsLosses
-€4,191 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Position in the sector
-81.4%
Lower solvency than 88% of companies in food and beverage service. Sector median 29.7% · 18,509 companies.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 7,637 companies had the same profile as ERSHAD has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,637 companies, not a prediction for ERSHAD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered office moved within Turnhout
New registered office: Hannuitstraat 48 bus 1, 2300 Turnhout · Previous registered office: de Merodelei 34 bus 6, 2300 Turnhout · Board meeting of 01-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1005926325
Incorporation
Founder: · Appointment: (director) · 100 shares · published on 14-02-2024 · Gazette deed
First establishment
de Merodelei 34, Turnhout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ERSHAD Turnhout | €2,077 | -€3,920 | -81.4% | - |
| BASILS.CULTES Brussels | €1,742 | -€1,954 | -375.6% | - |
| TWIZA RIF Antwerp | €1,969 | -€13,750 | -1033.5% | - |
| Nonna Rosa Ghent | €1,809 | -€1,003 | 26.8% | - |
| Concept Eventz Deinze | €1,972 | -€2,860 | 89.6% | 0 |
| Greed Island Seraing | €1,612 | -€363 | 100.0% | - |
| DORIS EXOTIC Tienen | €2,151 | €367 | -1177.3% | - |
These companies have the same main activity as ERSHAD: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €1,610 and €2,150, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 12-02-2024Normal situation
- Activity
- Full-service restaurantsNACE 56111and 4 others
- Establishment unit
- 2.356.043.2922300 Turnhout, since 12-02-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 06-10-2025
Annual accounts 2025
- €2,077▼ 53.6%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on ERSHAD
The 2025 annual accounts show negative equity (-€1,691) and a net result of -€4,138. Its solvency ranks better than 11% of 18,509 sector peers (NACE 56, financial year 2025).
The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ERSHAD
- What is the company number of ERSHAD?
- The company number of ERSHAD is 1005.926.325. The VAT number is the same number with BE in front: BE 1005.926.325.
- Where is ERSHAD based?
- The registered office is at Hannuitstraat 48, 2300 Turnhout.Company details
- What does ERSHAD do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of ERSHAD?
- ERSHAD is a private limited company (BV).
- When was ERSHAD founded?
- ERSHAD was founded on 12-02-2024.
- Is ERSHAD still active?
- Yes, ERSHAD is an active enterprise in the KBO register.
- What is the turnover of ERSHAD?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is ERSHAD profitable?
- In financial year 2025, ERSHAD made a loss of €4,138.
- Where can I find the annual accounts of ERSHAD?
- ERSHAD filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ERSHAD due?
- ERSHAD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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