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ERSTA

Active
Private limited companyfounded 20251 yr activeRue du Vieux-Frêne 9, 4031 Liège, BelgiumKBO/BCE: BE 1025.265.155
Summary

ERSTA has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119,357 and a net result of €146,043. Its solvency ranks better than 37% of 922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

What they do
Fitness centres
NACE 93130
2 sites
How big
€669,254total assets 2025
Staff
4.4 FTE
Equity
€119,357
Profit
€146,043
Turnover not published (abridged schema)
Financially healthy?
74 Healthy Checked score 2025
Bankruptcy chance 12 m
0.6%
Who decides
Parent
IMOSTA · 100%
Holdings
1
Accounts filed 31 d late0 of 1 deed read
Why 74- Young company- Multiple establishment units- Higher-failure-rate region+ Lower-failure-rate sector+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence

Checked score

Score 2025
Axes
Profitability96
Solvency43
Growth-
Track record67
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.5; short-term debt: 47% and cash: 40% of total assets), but 82.2% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

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 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
17.8%
Return on assets
21.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…

Financials

Fiscal year 2025Total assets €669,254Profit €146,043Solvency 17.8%Liquidity 1.50
Total assets
€669,254
2025
Net result
€146,043
2025
Equity
€119,357
2025
Staff (FTE)
4.4
2025

Financials · fiscal year 2025, abbreviated schema

Trend over the years1 fiscal year

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result and balance sheet2025
Balance-sheet composition
Assets €669,254
Fixed assets €197,050
Current assets €472,205
Equity and liabilities €669,254
Equity €119,357
Debt €549,897
Debt finances 82.2% of the balance-sheet total.
Key figures and ratios2025
Key figures and ratios
2025 value
EBITDA
€230,544
Cash flow
€185,683
Current ratio
1.50
Debt to equity
4.61
ROE
122.4%
ROA
21.8%
Interest coverage
15.82
Debt ≤ 1 year
€314,626
Debt > 1 year
€234,936
Income taxes
€30,646
Staff costs
€243,675

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
97% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,390 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 52 lines
Balance sheet Code2025
Assets
Total assets20/58€669,254
Fixed assets21/28€197,050
Intangible fixed assets21€0
Tangible fixed assets22/27€194,769
Furniture and vehicles24€171,898
Other tangible fixed assets26€22,871
Financial fixed assets28€2,281
Current assets29/58€472,205
Amounts receivable within one year40/41€198,100
Trade receivables40€55,450
Other amounts receivable41€142,650
Cash at bank and in hand54/58€267,872
Deferred charges and accrued income490/1€6,233
Equity and liabilities
Total equity and liabilities10/49€669,254
Equity10/15€119,357
Contributions10/11€12,059
Reserves13€106,937
Tax-exempt reserves132€1,937
Distributable reserves133€105,000
Profit (loss) carried forward14€361
Amounts payable17/49€549,897
Amounts payable after more than one year17€234,936
Financial debts170/4€234,936
Amounts payable within one year42/48€314,626
Current portion of amounts payable after more than one year42€64,261
Trade debts44€88,763
Suppliers440/4€88,763
Taxes, remuneration and social security45€91,492
Taxes450/3€42,407
Remuneration and social security454/9€49,085
Other amounts payable47/48€70,110
Accrued charges and deferred income492/3€335
Income statement Code2025
Remuneration, social security and pensions62€243,675
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39,641
Other operating charges640/8€7,816
Gross operating margin9900€482,034
Operating profit (loss)9901€190,903
Financial income75/76B€358
Recurring financial income75€358
Financial charges65/66B€14,572
Recurring financial charges65€14,572
Profit (loss) for the period before taxes9903€176,688
Income taxes67/77€30,646
Profit (loss) for the period9904€146,043
Profit (loss) for the period to be appropriated9905€146,043
Appropriation of the result
Profit (loss) to be appropriated9906€146,043
Transfer from equity791/2€452
Transfer to equity691/2€96,133
To other reserves6921€96,133
Profit to be distributed694/7€50,000
Directors or managers695€50,000
Social balance
Average headcount (FTE)90874.4

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€243,675
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39,641
Other operating charges640/8€7,816
Gross operating margin9900€482,034
Operating profit (loss)9901€190,903
Financial income75/76B€358
Recurring financial income75€358
Financial charges65/66B€14,572
Recurring financial charges65€14,572
Profit (loss) for the period before taxes9903€176,688
Income taxes67/77€30,646
Profit (loss) for the period9904€146,043
Profit (loss) for the period to be appropriated9905€146,043
Line2025
Assets
Total assets20/58€669,254
Fixed assets21/28€197,050
Intangible fixed assets21€0
Tangible fixed assets22/27€194,769
Furniture and vehicles24€171,898
Other tangible fixed assets26€22,871
Financial fixed assets28€2,281
Current assets29/58€472,205
Amounts receivable within one year40/41€198,100
Trade receivables40€55,450
Other amounts receivable41€142,650
Cash at bank and in hand54/58€267,872
Deferred charges and accrued income490/1€6,233
Equity and liabilities
Total equity and liabilities10/49€669,254
Equity10/15€119,357
Contributions10/11€12,059
Reserves13€106,937
Tax-exempt reserves132€1,937
Distributable reserves133€105,000
Profit (loss) carried forward14€361
Amounts payable17/49€549,897
Amounts payable after more than one year17€234,936
Financial debts170/4€234,936
Amounts payable within one year42/48€314,626
Current portion of amounts payable after more than one year42€64,261
Trade debts44€88,763
Suppliers440/4€88,763
Taxes, remuneration and social security45€91,492
Taxes450/3€42,407
Remuneration and social security454/9€49,085
Other amounts payable47/48€70,110
Accrued charges and deferred income492/3€335
Line2025
Profit (loss) for the period9904€146,043
+ Depreciation and write-downs630€39,641
Operating cash flow (approximation)€185,683

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Comparable companies5

Similar companies · same sector, comparable size

Of 1,520 companies in this sector we hold annual accounts for 692. 529 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Board & ownership

Parent IMOSTA · 100%1 holding

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the function holders in the CBE →

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. IMOSTA 100%
  2. ERSTA

Highest known parent: IMOSTA. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2025 annual accounts of ERSTA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No directors read yet: 0 of 1 Gazette act processed.

Timeline

1 eventLatest 31-08-2026

History

On 8 July 2025, ERSTA was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Company details

Private limited company · founded 08-07-2025Year ends 31-12Peppol reachable2 sites

Register details

Identification
Legal formPrivate limited company
Founded08-07-2025
Fiscal year end31-12
Activities, NACEBEL 2025
93130Fitness centres
E-invoicing
Reachable via Peppol
Peppol ID 0208:1025265155
Registered 04-08-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Liège · 2 establishment units since 2025
seat establishment All 2 establishment units on the map
Ground area
6,829 m²
Building footprint
1,312 m²
Volume, LiDAR
37,546 m³
2 parcels, Wallonia · tallest building 33.8 m, ±10 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
2 establishment units
ERSTA
Rue du Vieux-Frêne 9, 4031 LiègeFitness centres
since 2025unit no. 2.376.713.004
ERSTA
Esplanade de l'Europe 2, 4020 LiègeFitness centres
since 2025unit no. 2.376.713.103
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62806C0162/00R004
ProtectedSite or landscape
Wallonia 4,486 m² 1 · 1,226 m² 33.8 m · 10 fl.
62826C0062/00Y002 Wallonia 2,343 m² 1 · 86 m² 10.6 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

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