ERVECO
ActiveSummary
ERVECO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €516,598 and a net result of €15,204. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 95% of 9354 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 34.86 against 27.02 in 2024; short-term debt: 2.3% and cash: 2% of total assets), and 2.3% 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
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
97.7%
Return on assets
2.9%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
27 d late
2023
91 d late
2022
53 d late
2021
74 d late
2020
24 d late
2019
63 d late
← 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 47 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 22 September (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 oldest company in Kinrooi, Real estate sector#5 company by equity in Kinrooi, Real estate sector#9 company by total assets in Kinrooi, Real estate sector
Equity
€516,598▲ 3.0%
2024 · €501,394
Total assets
€528,955▲ 2.3%
2024 · €516,863
Net result
€15,204▼ 4.3%
2024 · €15,889
Working capital
€418,332▲ 3.9%
2024 · €402,554
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,141-€1,914€1,637€13,952▲ 752%€11,392▼ 18.3%
Net result€10,554within the sector's middle half€4,076within the sector's middle half▼ 61.4%€6,840within the sector's middle half▲ 67.8%€15,889within the sector's middle half▲ 132%€15,204within the sector's middle half▼ 4.3%
Equity€474,589above the sector's middle half▲ 2.3%€478,665above the sector's middle half▲ 0.9%€485,506above the sector's middle half▲ 1.4%€501,394above the sector's middle half▲ 3.3%€516,598within the sector's middle half▲ 3.0%
Total assets€478,119within the sector's middle half▲ 3.0%€484,504within the sector's middle half▲ 1.3%€492,636within the sector's middle half▲ 1.7%€516,863within the sector's middle half▲ 4.9%€528,955within the sector's middle half▲ 2.3%
Debt€3,530▲ 2,258%€5,839▲ 65.4%€7,131▲ 22.1%€15,468▲ 117%€12,357▼ 20.1%
Working capital€377,063above the sector's middle half▲ 3.0%€381,708above the sector's middle half▲ 1.2%€389,117above the sector's middle half▲ 1.9%€402,554above the sector's middle half▲ 3.5%€418,332above the sector's middle half▲ 3.9%
Solvency99.3%above the sector's middle half▼ 0.7pp98.8%above the sector's middle half▼ 0.5pp98.6%above the sector's middle half▼ 0.2pp97.0%above the sector's middle half▼ 1.5pp97.7%above the sector's middle half▲ 0.7pp
Current ratio66.37above the sector's middle half55.57above the sector's middle half▼ 10.8127.02above the sector's middle half▼ 28.5434.86above the sector's middle half▲ 7.83
Return on assets (ROA)2.2%within the sector's middle half▲ 2.7pp0.8%within the sector's middle half▼ 1.4pp1.4%within the sector's middle half▲ 0.5pp3.1%within the sector's middle half▲ 1.7pp2.9%within the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €528,955
Fixed assets
€98,266 ▼ 0.6%
Current assets
€430,689 ▲ 3.0%
Equity and liabilities €528,955
Equity
€516,598 ▲ 3.0%
Debt
€12,357 ▼ 20.1%
Debt's share of the balance-sheet total falls from 3.0% to 2.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,967▼
2024 · €14,527
Cash flow
€15,778▼
2024 · €16,464
Debt to equity
0.02▼
2024 · 0.03
ROE
2.9%▼
2024 · 3.2%
Interest coverage
91.50▼
2024 · 171.47
Debt ≤ 1 year
€12,357▼
2024 · €15,468
Income taxes
€4,127▼
2024 · €5,951
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,340 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% | 1.8% |
| 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 14,732 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €605 | €569 | €569 | €575 | €575 | = |
| Other operating charges640/8 | €7,496 | €7,135 | €7,818 | €8,119 | €8,694 | ▲ 7.1% |
| Gross operating margin9900 | €14,242 | €5,789 | €10,024 | €22,646 | €20,661 | ▼ 8.8% |
| Operating profit (loss)9901 | €6,141 | -€1,914 | €1,637 | €13,952 | €11,392 | ▼ 18.3% |
| Financial income75/76B | €7,515 | €7,505 | €7,735 | €7,973 | €8,069 | ▲ 1.2% |
| Recurring financial income75 | €7,515 | €7,505 | €7,735 | €7,973 | €8,069 | ▲ 1.2% |
| Financial charges65/66B | €147 | €34 | €41 | €85 | €131 | ▲ 54.4% |
| Recurring financial charges65 | €147 | €34 | €41 | €85 | €131 | ▲ 54.4% |
| Profit (loss) for the period before taxes9903 | €13,510 | €5,556 | €9,330 | €21,840 | €19,331 | ▼ 11.5% |
| Income taxes67/77 | €2,956 | €1,480 | €2,490 | €5,951 | €4,127 | ▼ 30.7% |
| Profit (loss) for the period9904 | €10,554 | €4,076 | €6,840 | €15,889 | €15,204 | ▼ 4.3% |
| Profit (loss) for the period to be appropriated9905 | €10,554 | €4,076 | €6,840 | €15,889 | €15,204 | ▼ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €478,119 | €484,504 | €492,636 | €516,863 | €528,955 | ▲ 2.3% |
| Fixed assets21/28 | €97,526 | €96,957 | €96,388 | €98,841 | €98,266 | ▼ 0.6% |
| Tangible fixed assets22/27 | €97,526 | €96,957 | €96,388 | €98,841 | €98,266 | ▼ 0.6% |
| Land and buildings22 | €97,526 | €96,957 | €96,388 | €98,841 | €98,266 | ▼ 0.6% |
| Current assets29/58 | €380,593 | €387,547 | €396,248 | €418,022 | €430,689 | ▲ 3.0% |
| Amounts receivable after more than one year29 | €288,637 | €288,637 | €298,909 | €309,558 | €412,501 | ▲ 33.3% |
| Other amounts receivable291 | €288,637 | €288,637 | €298,909 | €309,558 | €412,501 | ▲ 33.3% |
| Cash at bank and in hand54/58 | €15,140 | €14,274 | €4,641 | €7,731 | €10,458 | ▲ 35.3% |
| Deferred charges and accrued income490/1 | €76,816 | €84,636 | €92,699 | €100,734 | €7,729 | ▼ 92.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €478,119 | €484,504 | €492,636 | €516,863 | €528,955 | ▲ 2.3% |
| Equity10/15 | €474,589 | €478,665 | €485,506 | €501,394 | €516,598 | ▲ 3.0% |
| Contributions10/11 | €322,124 | €322,124 | €322,124 | €322,124 | €322,124 | = |
| Capital10 | €322,124 | €322,124 | €322,124 | €322,124 | €322,124 | = |
| Issued capital100 | €322,124 | €322,124 | €322,124 | €322,124 | €322,124 | = |
| Reserves13 | €152,465 | €156,542 | €163,382 | €179,271 | €194,474 | ▲ 8.5% |
| Non-distributable reserves130/1 | €32,212 | €32,212 | €32,212 | €32,212 | €32,212 | = |
| Legal reserve130 | €32,212 | €32,212 | €32,212 | €32,212 | €32,212 | = |
| Distributable reserves133 | €120,253 | €124,329 | €131,170 | €147,058 | €162,262 | ▲ 10.3% |
| Amounts payable17/49 | €3,530 | €5,839 | €7,131 | €15,468 | €12,357 | ▼ 20.1% |
| Amounts payable within one year42/48 | €3,530 | €5,839 | €7,131 | €15,468 | €12,357 | ▼ 20.1% |
| Trade debts44 | €575 | €1,403 | €3,161 | €7,019 | €2,278 | ▼ 67.5% |
| Suppliers440/4 | €575 | €1,403 | €3,161 | €7,019 | €2,278 | ▼ 67.5% |
| Taxes, remuneration and social security45 | €2,956 | €4,436 | €3,970 | €8,450 | €10,079 | ▲ 19.3% |
| Taxes450/3 | €2,956 | €4,436 | €3,970 | €8,450 | €10,079 | ▲ 19.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,554 | €4,076 | €6,840 | €15,889 | €15,204 | ▼ 4.3% |
| + Depreciation and write-downs630 | €605 | €569 | €569 | €575 | €575 | = |
| Operating cash flow (approximation) | €11,159 | €4,645 | €7,409 | €16,464 | €15,778 | ▼ 4.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,027 | €0 | ▲ 100% |
| Change in cash | - | -€867 | -€9,633 | €3,090 | €2,728 | ▼ 11.7% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €15,889 ▲132%
Operating result €13,952, net result €15,889, both a record.
31-12
Financial
Equity above €500,000Eq €501,394 ▲3.3%
4 profitable years in a row build equity to €501,394.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 53 days late
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
31-12
Financial
Back to profitnet €10,554
Net result €10,554 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet -€2,413
Net result drops to -€2,413, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 1228current ratio 2445.08
Current ratio from 1.99 to 2445.08; short-term debt falls from €374,911 to €150.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
Show earlier events
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
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 9 acts read
About the unread acts
We know of 9 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
9 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, Kinrooi · 1 establishment unit since 1988
Ground area
5,752 m²
Building footprint
621 m²
Volume, LiDAR
4,015 m³
Parcel 72026A0960/00E000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bisschop Ruttenstraat (Oph) 17, 3640 Kinrooi
since 19882.041.163.080
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72026A0960/00E000 | Flanders | 5,752 m² | 1 · 620 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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SINNOVISION VASTGOED BEHEER
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Immobilis
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JADO
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Of 9,141 companies in sector 68201 we hold annual accounts for 6,772. 5,026 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-11-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435883851
Also
9925:BE0435883851
Registered
28-09-2026
New in the register since 29 September 2026.
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.