ERST
ActiveERST has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €227k and a net result of €90k. Equity is growing by ~51.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 37972 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency9▲+4
Growth78=
Stability94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.13 against 0.22 in 2023), and 86.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 37972 sector peers (2024).
NBB · sector comparisonPosition among 37972 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
28 d late
2022
24 d early
2021
20 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€227k▲ 65.6%
2023 · €137k
2021: €38k
2022: €104k
2023: €137k
2021 → 2024
Total assets
€1.71M▼ 2.9%
2023 · €1.76M
2021: €435k
2022: €1.66M
2023: €1.76M
2021 → 2024
Net result
€90k▲ 175%
2023 · €33k
2021: €32k
2022: €67k
2023: €33k
2021 → 2024
Working capital
€-780k▼ 21.5%
2023 · €-642k
2021: €-116k
2022: €-357k
2023: €-642k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€38k-€104k▲ 177%€137k▲ 31.3%€227k▲ 65.6%
Operating result€53k-€112k▲ 109%€77k▼ 31.4%€152k▲ 98.4%
Net result€32k-€67k▲ 111%€33k▼ 51.0%€90k▲ 175%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 98% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.71M
Fixed assets
€1.60M▲ 1.3%
Current assets
€113k▼ 39.2%
Equity and liabilities €1.71M
Equity
€227k▲ 65.6%
Debt
€1.48M▼ 8.7%
The debt ratio falls from 92.2% to 86.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€184k▲
2023 · €102k
Cash flow
€122k▲
2023 · €58k
Solvency
13.3%▲
2023 · 7.8%
Current ratio
0.13▼
2023 · 0.22
Quick ratio
0.13▼
2023 · 0.22
Debt / equity
6.52▼
2023 · 11.83
ROE
39.6%▲
2023 · 23.9%
ROA
5.3%▲
2023 · 1.9%
Interest coverage
5.13▲
2023 · 2.98
Debt
€1.48M▼
2023 · €1.62M
Debt ≤ 1 year
€893k▲
2023 · €828k
Debt > 1 year
€588k▼
2023 · €795k
Income taxes
€26k▲
2023 · €10k
Staff costs
€68k▼
2023 · €74k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.76M€1.71M▼
Fixed assets21/28€1.57M€1.60M▲
Tangible fixed assets22/27€105k€122k▲
Furniture and vehicles24€100k€120k▲
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€1.47M€1.47M▲
Current assets29/58€186k€113k▼
Amounts receivable within one year40/41€59k€74k▲
Trade receivables40€19k€38k▲
Other amounts receivable41€40k€36k▼
Cash at bank and in hand54/58€123k€32k▼
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€1.76M€1.71M▼
Equity10/15€137k€227k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€131k€221k▲
Amounts payable17/49€1.62M€1.48M▼
Amounts payable after more than one year17€795k€588k▼
Financial debts170/4€795k€588k▼
Amounts payable within one year42/48€828k€893k▲
Current portion of amounts payable after more than one year42€312k€222k▼
Trade debts44€5k€128k▲
Suppliers440/4€5k€128k▲
Advances received on contracts in progress46€55k€55k=
Taxes, remuneration and social security45€33k€36k▲
Taxes450/3€26k€27k▲
Remuneration and social security454/9€7k€9k▲
Other amounts payable47/48€424k€452k▲
Income statement
Code20232024
Remuneration, social security and pensions62€74k€68k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€32k▲
Other operating charges640/8€6k€7k▲
Gross operating margin9900€182k€259k▲
Operating profit (loss)9901€77k€152k▲
Financial income75/76B€16-
Recurring financial income75€16-
Financial charges65/66B€34k€36k▲
Recurring financial charges65€34k€36k▲
Profit (loss) for the period before taxes9903€42k€116k▲
Income taxes67/77€10k€26k▲
Profit (loss) for the period9904€33k€90k▲
Profit (loss) for the period to be appropriated9905€33k€90k▲
Appropriation of the result
Profit (loss) to be appropriated9906€131k€221k▲
Profit (loss) brought forward from the previous period14P€98k€131k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Highest result since 2021net €90k ▲175%
Operating result €152k, net result €90k, both a record.
31-12
Financial
Equity above €200kEq €227k ▲65.6%
4 profitable years in a row build equity to €227k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €104k ▲177%
2 profitable years in a row build equity to €104k.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro 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, Gerpinnes · 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.
Chemin des Morlères(LOV) 36280 GerpinnesGround area
174 m²
Building footprint
178 m²
Volume, LiDAR
1,021 m³
Parcel 52041A0122/00C002, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20202.310.044.805
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52041A0122/00C002 | Wallonia | 174 m² | 1 · 178 m² | 7.2 m · 2 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.
Similar companies · same sector, comparable size
FINVEX
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DEVELOPPEMENT INTERNATIONAL EN TECHNOLOGIES ET IMMOBILIER
BE 0430.496.193
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INTRABIZ
BE 0843.345.615
Hamme (Vl.) · Eq €227k
FELO
BE 0478.804.668
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MASTERMIND
BE 0461.859.659
Wichelen · Eq €227k
Of 82,218 companies in sector 70200 we hold annual accounts for 52,393. 39,190 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-09-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
46190Agents in non-specialised wholesale trade
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.