ERTSBERG
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-05-2025, 72 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2024
72 d early
2023
30 d late
2022
28 d late
2021
138 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€34k▼ 75.0%
2023 · €136k
2021: €128k
2022: €96k
2023: €136k
2021 → 2024
Total assets
€438k▼ 4.3%
2023 · €458k
2021: €319k
2022: €283k
2023: €458k
2021 → 2024
Net result
€-102k
2023 · €41k
2021: €8k
2022: €-32k
2023: €41k
2021 → 2024
Working capital
€34k▼ 74.1%
2023 · €131k
2021: €109k
2022: €84k
2023: €131k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€128k-€96k▼ 25.3%€136k▲ 42.3%€34k▼ 75.0%
Operating result€10k-€-31k€50k€-95k
Net result€8k-€-32k€41k€-102k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €95k after €50k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €438k
Fixed assets
€100 ▼ 98.0%
Current assets
€438k ▼ 3.3%
Equity and liabilities €438k
Equity
€34k ▼ 75.0%
Debt
€404k ▲ 25.6%
Debt's share of the balance-sheet total rises from 70.2% to 92.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-91k▼
2023 · €57k
Cash flow
€-97k▼
2023 · €48k
Current ratio
1.08▼
2023 · 1.41
Quick ratio
0.81▼
2023 · 1.15
Debt to equity
11.84▲
2023 · 2.36
ROE
-299.7%▼
2023 · 29.7%
ROA
-23.3%▼
2023 · 8.9%
Interest coverage
-12.82▼
2023 · 14.75
Debt ≤ 1 year
€404k▲
2023 · €322k
Income taxes
€96▼
2023 · €4k
Staff costs
€53k▼
2023 · €103k
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 · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€458k€438k▼
Fixed assets21/28€5k€100▼
Intangible fixed assets21€3k-
Tangible fixed assets22/27€2k-
Plant, machinery and equipment23€2k-
Financial fixed assets28€100€100=
Current assets29/58€453k€438k▼
Stocks and contracts in progress3€83k€111k▲
Stocks30/36€83k€111k▲
Amounts receivable within one year40/41€220k€170k▼
Trade receivables40€209k€147k▼
Other amounts receivable41€10k€24k▲
Cash at bank and in hand54/58€148k€140k▼
Deferred charges and accrued income490/1€2k€18k▲
Equity and liabilities
Total equity and liabilities10/49€458k€438k▼
Equity10/15€136k€34k▼
Contributions10/11€120k€120k=
Reserves13€16k€16k=
Distributable reserves133€16k€16k=
Profit (loss) carried forward14-€-102k
Amounts payable17/49€322k€404k▲
Amounts payable within one year42/48€322k€404k▲
Financial debts43€101k€120k▲
Credit institutions430/8€101k€120k▲
Trade debts44€187k€171k▼
Suppliers440/4€187k€171k▼
Taxes, remuneration and social security45€33k€13k▼
Taxes450/3€10k€13k▲
Remuneration and social security454/9€23k-
Other amounts payable47/48€125€100k▲
Income statement
Code20232024
Remuneration, social security and pensions62€103k€53k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€9k▲
Other operating charges640/8€716€319▼
Gross operating margin9900€163k€-28k▼
Operating profit (loss)9901€50k€-95k▼
Financial income75/76B€2k€260▼
Recurring financial income75€180€2▼
Non-recurring financial income76B€1k€258▼
Financial charges65/66B€6k€7k▲
Recurring financial charges65€4k€7k▲
Non-recurring financial charges66B€3k-
Profit (loss) for the period before taxes9903€45k€-102k▼
Income taxes67/77€4k€96▼
Profit (loss) for the period9904€41k€-102k▼
Profit (loss) for the period to be appropriated9905€41k€-102k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€-102k▼
Profit (loss) brought forward from the previous period14P€-32k-
Transfer to equity691/2€8k-
To other reserves6921€8k-
Social balance
Average headcount (FTE)90872.00.9▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
18-03
State Gazette act
General meeting · Merger
Accounting effect · Purpose change · Tom Holvoet
07-01
State Gazette act
Merger · Share cancellation
Power of attorney · Accounting effect
2024
31-12
Financial
Weakest financial yearnet €-102k
Net result drops to €-102k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
31-12
Financial
Equity above €100kEq €136k ▲42.3%
Equity rises from €96k to €136k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneState Gazette actNBB 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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Structure & network
Acquisitions and mergers
1 transactionTaken over by:Standaard Uitgeverij
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 23,106 EUR awarded · 23,106 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 12,487 EUR | 12,487 EUR |
| 2023 | 1 | 10,619 EUR | 10,619 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)