ERSTELING
ActiveSummary
The computed 12-month bankruptcy probability of ERSTELING is 1.6% (moderate). The 2025 annual accounts show equity of €18.5m and a net result of €172,374. Equity remains stable across the filed fiscal years (±0.8% per year). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 4 accounts on average 60 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
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Peer companies
Historical observationOf the 174 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 174 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | €102 | €449 | €1,563 | €1,206 | ▼ 22.9% |
| Gross operating margin9900 | -€20,945 | -€109,040 | -€124,240 | -€154,528 | ▼ 24.4% |
| Operating profit (loss)9901 | -€21,047 | -€109,489 | -€125,804 | -€155,734 | ▼ 23.8% |
| Financial income75/76B | €72,251 | €167,884 | €296,109 | €384,858 | ▲ 30.0% |
| Recurring financial income75 | €72,251 | €167,884 | €296,109 | €384,858 | ▲ 30.0% |
| Financial charges65/66B | €18,552 | €267 | €140 | €221 | ▲ 58.1% |
| Recurring financial charges65 | €18,552 | €267 | €140 | €221 | ▲ 58.1% |
| Profit (loss) for the period before taxes9903 | €32,652 | €58,129 | €170,166 | €228,904 | ▲ 34.5% |
| Income taxes67/77 | - | €11,636 | €39,094 | €56,530 | ▲ 44.6% |
| Profit (loss) for the period9904 | €32,652 | €46,493 | €131,072 | €172,374 | ▲ 31.5% |
| Profit (loss) for the period to be appropriated9905 | €32,652 | €46,493 | €131,072 | €172,374 | ▲ 31.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €18.1m | €18.2m | €18.3m | €18.6m | ▲ 1.4% |
| Fixed assets21/28 | €4.3m | €4.3m | €4.3m | €4.3m | ▲ 0.6% |
| Tangible fixed assets22/27 | €4.3m | €4.3m | €4.3m | €4.3m | ▲ 0.6% |
| Other tangible fixed assets26 | €4.3m | €4.3m | €4.3m | €4.3m | ▲ 0.6% |
| Current assets29/58 | €13.8m | €13.9m | €14.0m | €14.2m | ▲ 1.6% |
| Amounts receivable after more than one year29 | €6.0m | €6.1m | €7.7m | €10.9m | ▲ 41.7% |
| Other amounts receivable291 | €6.0m | €6.1m | €7.7m | €10.9m | ▲ 41.7% |
| Amounts receivable within one year40/41 | €43,544 | €18,665 | €15,175 | €9,375 | ▼ 38.2% |
| Trade receivables40 | €35,000 | €4,913 | €15,175 | €9,375 | ▼ 38.2% |
| Other amounts receivable41 | €8,544 | €13,752 | €0 | - | - |
| Current investments50/53 | - | €4.8m | €6.3m | €3.2m | ▼ 49.2% |
| Cash at bank and in hand54/58 | €7.7m | €3.0m | €28,735 | €119,736 | ▲ 317% |
| Deferred charges and accrued income490/1 | - | - | - | €44,687 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €18.1m | €18.2m | €18.3m | €18.6m | ▲ 1.4% |
| Equity10/15 | €18.1m | €18.1m | €18.3m | €18.5m | ▲ 0.9% |
| Contributions10/11 | €18.1m | €18.1m | €18.1m | €18.1m | = |
| Profit (loss) carried forward14 | -€2,233 | €44,259 | €202,269 | €374,643 | ▲ 85.2% |
| Amounts payable17/49 | €6,000 | €42,976 | €25,385 | €107,328 | ▲ 323% |
| Amounts payable within one year42/48 | €6,000 | €42,976 | €25,385 | €107,328 | ▲ 323% |
| Trade debts44 | €6,000 | €42,976 | €0 | €49,700 | - |
| Suppliers440/4 | €6,000 | €42,976 | €0 | €49,700 | - |
| Taxes, remuneration and social security45 | - | - | €25,385 | €57,628 | ▲ 127% |
| Taxes450/3 | - | - | €25,385 | €57,628 | ▲ 127% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,652 | €46,493 | €131,072 | €172,374 | ▲ 31.5% |
| Operating cash flow (approximation) | €32,652 | €46,493 | €131,072 | €172,374 | ▲ 31.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€24,200 | - |
| Change in cash | - | -€4.7m | -€3.0m | €91,001 | ▲ 103% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048A0240/00G000 | Flanders | 1,177 m² | 1 · 229 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Legal Entity Identifier
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.