ERTPAS
ActiveSummary
ERTPAS has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €567,860 and a net result of €297,581. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 49% of 10522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▼-7
Solvency62▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.62 against 1.48 in 2024; short-term debt: 62.7% and cash: 4.8% of total assets), and 63.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.6%
Return on assets
19.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €567,860
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
28 d early
2023
41 d early
2022
48 d early
2021
13 d early
2020
16 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 fastest grower in Izegem, Wholesale and retail trade sector
Equity
€567,860▲ 20.7%
2024 · €470,278
Total assets
€1.6m▲ 38.9%
2024 · €1.1m
Net result
€297,581▼ 25.4%
2024 · €399,150
Working capital
-€370,758
2024 · €301,499
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€601,816▼ 7.9%€431,161▼ 28.4%€563,354▲ 30.7%€530,338▼ 5.9%€396,657▼ 25.2%
Net result€450,013above the sector's middle half▼ 11.7%€334,137above the sector's middle half▼ 25.7%€419,486above the sector's middle half▲ 25.5%€399,150above the sector's middle half▼ 4.8%€297,581above the sector's middle half▼ 25.4%
Equity€642,284above the sector's middle half▲ 63.2%€575,123within the sector's middle half▼ 10.5%€471,128within the sector's middle half▼ 18.1%€470,278within the sector's middle half▼ 0.2%€567,860within the sector's middle half▲ 20.7%
Total assets€1.1mwithin the sector's middle half▼ 8.0%€1.2mwithin the sector's middle half▲ 15.8%€1.2mwithin the sector's middle half=€1.1mwithin the sector's middle half▼ 9.7%€1.6mabove the sector's middle half▲ 38.9%
Debt€426,482▼ 44.5%€662,677▲ 55.4%€766,697▲ 15.7%€646,916▼ 15.6%€984,078▲ 52.1%
Working capital€450,031above the sector's middle half▲ 204%€317,408within the sector's middle half▼ 29.5%€292,817within the sector's middle half▼ 7.7%€301,499within the sector's middle half▲ 3.0%-€370,758below the sector's middle half
Solvency60.1%above the sector's middle half▲ 26.2pp46.5%within the sector's middle half▼ 13.6pp38.1%within the sector's middle half▼ 8.4pp42.1%within the sector's middle half▲ 4.0pp36.6%within the sector's middle half▼ 5.5pp
Current ratio2.06within the sector's middle half▲ 0.861.51within the sector's middle half▼ 0.551.40within the sector's middle half▼ 0.111.48within the sector's middle half▲ 0.080.62below the sector's middle half▼ 0.86
Return on assets (ROA)42.1%above the sector's middle half▼ 1.8pp27.0%above the sector's middle half▼ 15.1pp33.9%above the sector's middle half▲ 6.9pp35.7%above the sector's middle half▲ 1.8pp19.2%above the sector's middle half▼ 16.6pp
Staff (FTE)11.9above the sector's middle half▲ 5.3%11.9above the sector's middle half=13.6above the sector's middle half▲ 14.3%13.6above the sector's middle half=14.1above the sector's middle half▲ 3.7%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 25% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€948,909 ▲ 413%
Current assets
€603,029 ▼ 35.3%
Equity and liabilities €1.6m
Equity
€567,860 ▲ 20.7%
Debt
€984,078 ▲ 52.1%
Debt's share of the balance-sheet total rises from 57.9% to 63.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€548,981▼
2024 · €593,111
Cash flow
€449,905▼
2024 · €461,923
Quick ratio
0.23▼
2024 · 0.87
Debt to equity
1.73▲
2024 · 1.38
ROE
52.4%▼
2024 · 84.9%
Interest coverage
24.06▼
2024 · 29.57
Debt ≤ 1 year
€973,786▲
2024 · €630,786
Debt > 1 year
€6,681▼
2024 · €8,909
Income taxes
€87,385▼
2024 · €129,788
Staff costs
€571,832▲
2024 · €552,830
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 20,134 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €383,887 | €406,931 | €506,917 | €552,830 | €571,832 | ▲ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,519 | €94,427 | €98,095 | €62,772 | €152,323 | ▲ 143% |
| Other operating charges640/8 | €2,902 | €1,310 | €1,437 | €1,459 | €1,501 | ▲ 2.9% |
| Gross operating margin9900 | €1.1m | €933,829 | €1.2m | €1.1m | €1.1m | ▼ 2.2% |
| Operating profit (loss)9901 | €601,816 | €431,161 | €563,354 | €530,338 | €396,657 | ▼ 25.2% |
| Financial income75/76B | €9,884 | €9,722 | €19,067 | €18,658 | €11,125 | ▼ 40.4% |
| Recurring financial income75 | €9,884 | €9,722 | €19,067 | €18,658 | €11,125 | ▼ 40.4% |
| Financial charges65/66B | €20,606 | €18,964 | €24,257 | €20,057 | €22,816 | ▲ 13.8% |
| Recurring financial charges65 | €20,606 | €18,964 | €24,257 | €20,057 | €22,816 | ▲ 13.8% |
| Profit (loss) for the period before taxes9903 | €591,094 | €421,918 | €558,165 | €528,939 | €384,967 | ▼ 27.2% |
| Income taxes67/77 | €141,082 | €87,781 | €138,679 | €129,788 | €87,385 | ▼ 32.7% |
| Profit (loss) for the period9904 | €450,013 | €334,137 | €419,486 | €399,150 | €297,581 | ▼ 25.4% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €450,013 | €334,137 | €419,486 | €399,150 | €297,581 | ▼ 25.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €1.2m | €1.1m | €1.6m | ▲ 38.9% |
| Fixed assets21/28 | €192,253 | €297,157 | €203,883 | €184,909 | €948,909 | ▲ 413% |
| Tangible fixed assets22/27 | €192,253 | €297,157 | €203,883 | €184,909 | €948,909 | ▲ 413% |
| Land and buildings22 | - | - | - | - | €450,000 | - |
| Plant, machinery and equipment23 | €43,194 | €167,212 | €130,477 | €99,257 | €215,188 | ▲ 117% |
| Furniture and vehicles24 | €2,589 | €6,216 | €4,124 | €2,033 | €524 | ▼ 74.2% |
| Other tangible fixed assets26 | €146,471 | €123,729 | €69,282 | €83,618 | €283,198 | ▲ 239% |
| Current assets29/58 | €876,513 | €940,643 | €1.0m | €932,285 | €603,029 | ▼ 35.3% |
| Stocks and contracts in progress3 | €332,684 | €361,662 | €387,848 | €386,373 | €380,307 | ▼ 1.6% |
| Stocks30/36 | €332,684 | €361,662 | €387,848 | €386,373 | €380,307 | ▼ 1.6% |
| Amounts receivable within one year40/41 | €450,120 | €502,467 | €505,695 | €505,016 | €146,070 | ▼ 71.1% |
| Trade receivables40 | €408,400 | €486,725 | €505,695 | €505,016 | €123,570 | ▼ 75.5% |
| Other amounts receivable41 | €41,719 | €15,742 | €0 | - | €22,500 | - |
| Cash at bank and in hand54/58 | €92,479 | €64,939 | €134,311 | €36,865 | €73,767 | ▲ 100% |
| Deferred charges and accrued income490/1 | €1,230 | €11,575 | €6,087 | €4,031 | €2,884 | ▼ 28.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.2m | €1.1m | €1.6m | ▲ 38.9% |
| Equity10/15 | €642,284 | €575,123 | €471,128 | €470,278 | €567,860 | ▲ 20.7% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €619,690 | €553,826 | €451,128 | €450,278 | €547,860 | ▲ 21.7% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €619,690 | €553,826 | €451,128 | €450,278 | €547,860 | ▲ 21.7% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Investment grants15 | €2,594 | €1,297 | €0 | - | - | - |
| Amounts payable17/49 | €426,482 | €662,677 | €766,697 | €646,916 | €984,078 | ▲ 52.1% |
| Amounts payable after more than one year17 | - | €25,000 | €12,500 | €8,909 | €6,681 | ▼ 25.0% |
| Financial debts170/4 | - | €25,000 | €12,500 | €8,909 | €6,681 | ▼ 25.0% |
| Amounts payable within one year42/48 | €426,482 | €623,235 | €741,124 | €630,786 | €973,786 | ▲ 54.4% |
| Current portion of amounts payable after more than one year42 | - | €12,500 | €12,500 | €14,727 | €2,227 | ▼ 84.9% |
| Trade debts44 | €158,871 | €124,559 | €108,819 | €128,929 | €593,959 | ▲ 361% |
| Suppliers440/4 | €158,871 | €124,559 | €108,819 | €128,929 | €593,959 | ▲ 361% |
| Taxes, remuneration and social security45 | €67,612 | €86,176 | €97,621 | €87,130 | €76,569 | ▼ 12.1% |
| Taxes450/3 | €12,857 | €28,844 | €41,631 | €12,096 | €11,272 | ▼ 6.8% |
| Remuneration and social security454/9 | €54,755 | €57,332 | €55,990 | €75,033 | €65,297 | ▼ 13.0% |
| Other amounts payable47/48 | €200,000 | €400,000 | €522,184 | €400,000 | €301,032 | ▼ 24.7% |
| Accrued charges and deferred income492/3 | - | €14,442 | €13,072 | €7,221 | €3,610 | ▼ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €450,013 | €334,137 | €419,486 | €399,150 | €297,581 | ▼ 25.4% |
| + Depreciation and write-downs630 | €68,519 | €94,427 | €98,095 | €62,772 | €152,323 | ▲ 143% |
| Operating cash flow (approximation) | €518,532 | €428,564 | €517,580 | €461,923 | €449,905 | ▼ 2.6% |
| Investment in fixed assets (approximation) | - | -€199,331 | -€4,821 | -€43,798 | -€916,324 | ▼ 1,992% |
| Change in cash | - | -€27,540 | €69,372 | -€97,446 | €36,902 | ▲ 138% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500,000Eq €567,860 ▲20.7%
8 profitable years in a row build equity to €567,860.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500,000Eq €642,284 ▲63.2%
4 profitable years in a row build equity to €642,284.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €509,748 ▲122%
Operating result €653,665, net result €509,748, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Izegem · 1 establishment unit since 1983
Ground area
2,085 m²
Building footprint
1,189 m²
Volume, LiDAR
6,477 m³
2 parcels, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
Pastorijstraat 46, 9940 Evergem
since 19832.128.901.659
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008A0232/00N004 | Flanders | 1,231 m² | 1 · 381 m² | 13.7 m · 3 fl. |
| 43006C0486/00K000 | Flanders | 854 m² | 1 · 808 m² | 13.2 m · 1 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
49.67%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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 current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 22,541 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 22,541 EUR | 0 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteEvergem2.128.901.659
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 2,985 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
Founded20-06-1983
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424153185
Registered
18-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.