ERTECO
ActiveSummary
The computed 12-month bankruptcy probability of ERTECO is 1.6% (moderate). The 2025 annual accounts show negative equity (€-127k) and a net result of €-18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 4522 sector peers (fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-4
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4 against 0.45 in 2024; short-term debt: 241.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-142.7%
Return on assets
-19.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-127k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
48 d late
2023
58 d late
2022
29 d late
2021
30 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-127k▼ 16.0%
2024 · €-110k
2018: €25k
2019: €25k▲ +2.5% vs 2018highest in 8 years
2020: €22k▼ -14.2% vs 2019
2021: €23k▲ +5.9% vs 2020
2022: €-22k▼ -198% vs 2021
2023: €-99k▼ -341% vs 2022
2024: €-110k▼ -11.1% vs 2023
2025: €-127k▼ -16.0% vs 2024lowest in 8 years
2018 → 2025
Total assets
€89k▼ 5.0%
2024 · €94k
2018: €92k
2019: €87k▼ -5.5% vs 2018lowest in 8 years
2020: €111k▲ +28.0% vs 2019
2021: €124k▲ +11.3% vs 2020highest in 8 years
2022: €93k▼ -24.6% vs 2021
2023: €98k▲ +5.6% vs 2022
2024: €94k▼ -4.5% vs 2023
2025: €89k▼ -5.0% vs 2024
2018 → 2025
Net result
€-18k▼ 61.0%
2024 · €-11k
2018: €24khighest in 8 years
2019: €615▼ -97.5% vs 2018
2020: €-4k▼ -685% vs 2019
2021: €1k▲ +136% vs 2020
2022: €-45k▼ -3656% vs 2021
2023: €-76k▼ -68.3% vs 2022lowest in 8 years
2024: €-11k▲ +85.7% vs 2023
2025: €-18k▼ -61.0% vs 2024
2018 → 2025
Working capital
€-128k▼ 15.2%
2024 · €-112k
2018: €21k
2019: €23k▲ +7.3% vs 2018highest in 8 years
2020: €20k▼ -11.9% vs 2019
2021: €19k▼ -7.9% vs 2020
2022: €-25k▼ -235% vs 2021
2023: €-100k▼ -297% vs 2022
2024: €-112k▼ -11.5% vs 2023
2025: €-128k▼ -15.2% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€-22k€-99k▼ 341%€-110k▼ 11.1%€-127k▼ 16.0%
2021: €23khighest in 5 years
2022: €-22k▼ -198% vs 2021
2023: €-99k▼ -341% vs 2022
2024: €-110k▼ -11.1% vs 2023
2025: €-127k▼ -16.0% vs 2024lowest in 5 years
Operating result€357-€-46k€-70k▼ 51.6%€-5k▲ 92.9%€-11k▼ 118%
2021: €357highest in 5 years
2022: €-46k▼ -13001% vs 2021
2023: €-70k▼ -51.6% vs 2022lowest in 5 years
2024: €-5k▲ +92.9% vs 2023
2025: €-11k▼ -118% vs 2024
Net result€1k-€-45k€-76k▼ 68.3%€-11k▲ 85.7%€-18k▼ 61.0%
2021: €1khighest in 5 years
2022: €-45k▼ -3656% vs 2021
2023: €-76k▼ -68.3% vs 2022lowest in 5 years
2024: €-11k▲ +85.7% vs 2023
2025: €-18k▼ -61.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €5k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89k
Fixed assets
€2k ▼ 24.0%
Current assets
€87k ▼ 4.4%
Key figures and ratios
EBITDA
€-10k▼
2024 · €-4k
Cash flow
€-17k▼
2024 · €-9k
Solvency
-142.7%▼
2024 · -116.9%
Current ratio
0.40▼
2024 · 0.45
Debt to equity
-1.70▲
2024 · -1.86
ROA
-19.7%▼
2024 · -11.6%
Interest coverage
-1.52▼
2024 · -0.59
Debt
€217k▲
2024 · €204k
Debt ≤ 1 year
€216k▲
2024 · €203k
Staff costs
€294k▼
2024 · €358k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€94k€89k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€733€78▼
Plant, machinery and equipment23€559€78▼
Furniture and vehicles24€175€0▼
Financial fixed assets28€2k€2k=
Current assets29/58€91k€87k▼
Amounts receivable after more than one year29€19k€19k=
Other amounts receivable291€19k€19k=
Amounts receivable within one year40/41€70k€65k▼
Trade receivables40€69k€65k▼
Other amounts receivable41€66€16▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€94k€89k▼
Equity10/15€-110k€-127k▼
Contributions10/11€19k€19k=
Reserves13€7k€7k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€3k€3k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-135k€-153k▼
Amounts payable17/49€204k€217k▲
Amounts payable within one year42/48€203k€216k▲
Financial debts43€400€3k▲
Credit institutions430/8€400€3k▲
Trade debts44€40k€16k▼
Suppliers440/4€40k€16k▼
Taxes, remuneration and social security45€144k€130k▼
Taxes450/3€16k€3k▼
Remuneration and social security454/9€128k€128k▼
Other amounts payable47/48€19k€66k▲
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20242025
Remuneration, social security and pensions62€358k€294k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€656▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€569€10k▲
Other operating charges640/8€26k€15k▼
Gross operating margin9900€381k€309k▼
Operating profit (loss)9901€-5k€-11k▼
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€-11k€-18k▼
Profit (loss) for the period9904€-11k€-18k▼
Profit (loss) for the period to be appropriated9905€-11k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-135k€-153k▼
Profit (loss) brought forward from the previous period14P€-124k€-135k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €235k | €294k | €363k | €358k | €294k | ▼ 18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €3k | €1k | €656 | ▼ 55.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €569 | €10k | ▲ 1,595% |
| Other operating charges640/8 | €537 | €7k | €18k | €26k | €15k | ▼ 41.0% |
| Non-recurring operating charges66A | €6k | - | - | - | - | - |
| Gross operating margin9900 | €245k | €257k | €314k | €381k | €309k | ▼ 19.1% |
| Operating profit (loss)9901 | €357 | €-46k | €-70k | €-5k | €-11k | ▼ 118% |
| Financial income75/76B | €1k | €836 | - | - | - | - |
| Recurring financial income75 | €1k | €836 | - | - | - | - |
| Financial charges65/66B | €219 | €202 | €7k | €6k | €7k | ▲ 13.1% |
| Recurring financial charges65 | €219 | €202 | €7k | €6k | €7k | ▲ 13.1% |
| Profit (loss) for the period before taxes9903 | €1k | €-45k | €-76k | €-11k | €-18k | ▼ 61.0% |
| Profit (loss) for the period9904 | €1k | €-45k | €-76k | €-11k | €-18k | ▼ 61.0% |
| Profit (loss) for the period to be appropriated9905 | €1k | €-45k | €-76k | €-11k | €-18k | ▼ 61.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €124k | €93k | €98k | €94k | €89k | ▼ 5.0% |
| Fixed assets21/28 | €5k | €3k | €2k | €3k | €2k | ▼ 24.0% |
| Tangible fixed assets22/27 | €5k | €3k | €2k | €733 | €78 | ▼ 89.4% |
| Plant, machinery and equipment23 | €3k | €2k | €2k | €559 | €78 | ▼ 86.1% |
| Furniture and vehicles24 | €2k | €2k | €559 | €175 | €0 | ▼ 100% |
| Financial fixed assets28 | - | - | - | €2k | €2k | = |
| Current assets29/58 | €119k | €90k | €96k | €91k | €87k | ▼ 4.4% |
| Amounts receivable after more than one year29 | €57k | €19k | €19k | €19k | €19k | = |
| Other amounts receivable291 | €57k | €19k | €19k | €19k | €19k | = |
| Amounts receivable within one year40/41 | €57k | €70k | €74k | €70k | €65k | ▼ 6.3% |
| Trade receivables40 | €57k | €68k | €74k | €69k | €65k | ▼ 6.3% |
| Other amounts receivable41 | - | €2k | €13 | €66 | €16 | ▼ 75.3% |
| Cash at bank and in hand54/58 | €4k | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €836 | €4k | €3k | €3k | ▲ 15.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €124k | €93k | €98k | €94k | €89k | ▼ 5.0% |
| Equity10/15 | €23k | €-22k | €-99k | €-110k | €-127k | ▼ 16.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €7k | €7k | €7k | €7k | €7k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | €3k | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | €2k | €2k | €2k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-2k | €-48k | €-124k | €-135k | €-153k | ▼ 13.0% |
| Amounts payable17/49 | €101k | €116k | €197k | €204k | €217k | ▲ 6.4% |
| Amounts payable within one year42/48 | €100k | €115k | €196k | €203k | €216k | ▲ 6.4% |
| Financial debts43 | - | €3k | €3k | €400 | €3k | ▲ 638% |
| Credit institutions430/8 | - | €3k | €3k | €400 | €3k | ▲ 638% |
| Trade debts44 | €8k | €3k | €25k | €40k | €16k | ▼ 58.5% |
| Suppliers440/4 | €8k | €3k | €25k | €40k | €16k | ▼ 58.5% |
| Taxes, remuneration and social security45 | €45k | €87k | €145k | €144k | €130k | ▼ 9.7% |
| Taxes450/3 | €4k | €10k | €11k | €16k | €3k | ▼ 84.3% |
| Remuneration and social security454/9 | €40k | €78k | €134k | €128k | €128k | ▼ 0.3% |
| Other amounts payable47/48 | €47k | €21k | €23k | €19k | €66k | ▲ 256% |
| Accrued charges and deferred income492/3 | €348 | €695 | €1k | €1k | €1k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €-45k | €-76k | €-11k | €-18k | ▼ 61.0% |
| + Depreciation and write-downs630 | €2k | €2k | €3k | €1k | €656 | ▼ 55.0% |
| Operating cash flow (approximation) | €4k | €-43k | €-74k | €-9k | €-17k | ▼ 78.8% |
| Investment in fixed assets (approximation) | - | €-946 | €-1k | €-2k | €0 | ▲ 100% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €-76k
Net result drops to €-76k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Verviers · 2 establishment units since 1987
Ground area
5,267 m²
Building footprint
408 m²
Volume, LiDAR
2,526 m³
3 parcels, Wallonia · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Place du Marché 18, 4651 Herve
since 19872.032.834.839
AFFAIRES ET VOUS
since 20212.324.598.169
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012B0180/00E005 | Wallonia | 2,567 m² | 1 · 191 m² | 9.6 m · 2 fl. |
| 63036A0601/00R008 | Wallonia | 2,487 m² | 1 · 169 m² | 11.8 m · 1 fl. |
| 63006B0017/00B000 | Wallonia | 213 m² | 1 · 48 m² | 13.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,006 companies in sector 81220 we hold annual accounts for 2,414. 1,843 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-01-1987
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
70200Business and other management consultancy
78100Employment placement agencies
Contact
E-mail
info@affaire-et-vous.be
Scores and ratios are computed by Checked and are not a credit decision.