ERVIVAN
ActiveSummary
ERVIVAN has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €601,817 and a net result of -€30,776. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 57% of 1311 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67=
Solvency53▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.04 in 2024; short-term debt: 44.1% and cash: 0.2% of total assets), and 72.4% 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 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€30,776
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
25 d late
2023
126 d early
2022
34 d early
2021
54 d early
2020
52 d early
2019
38 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 25 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 44% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€601,817▼ 4.9%
2024 · €632,593
Total assets
€2.2m▲ 27.5%
2024 · €1.7m
Net result
-€30,776▼ 68.7%
2024 · -€18,246
Working capital
-€916,138▼ 17.2%
2024 · -€781,806
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€26,811▼ 39.8%€38,646€100,015▲ 159%-€7,481-€19,632▼ 162%
Net result-€42,928▼ 14.4%€27,108€87,879▲ 224%-€18,246-€30,776▼ 68.7%
Equity€887,278▼ 4.6%€914,386▲ 3.1%€1.0m▲ 9.6%€632,593▼ 36.9%€601,817▼ 4.9%
Total assets€1.8m▼ 2.9%€1.7m▼ 4.5%€1.6m▼ 5.6%€1.7m▲ 5.3%€2.2m▲ 27.5%
Debt€912,322▼ 1.3%€803,598▼ 11.9%€620,193▼ 22.8%€1.1m▲ 73.6%€1.6m▲ 46.5%
Working capital-€447,243▼ 13.3%-€392,421▲ 12.3%-€279,070▲ 28.9%-€781,806▼ 180%-€916,138▼ 17.2%
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 €19,632 in 2025 against €7,481 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€2.1m ▲ 27.0%
Current assets
€44,617 ▲ 53.1%
Equity and liabilities €2.2m
Equity
€601,817 ▼ 4.9%
Debt
€1.6m ▲ 46.5%
Debt's share of the balance-sheet total rises from 63.0% to 72.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€81,244▼
2024 · €88,470
Cash flow
€70,100▼
2024 · €77,706
Current ratio
0.05▲
2024 · 0.04
Debt to equity
2.62▲
2024 · 1.70
ROE
-5.1%▼
2024 · -2.9%
ROA
-1.4%▼
2024 · -1.1%
Interest coverage
7.29▼
2024 · 8.19
Debt ≤ 1 year
€960,755▲
2024 · €810,941
Debt > 1 year
€616,470▲
2024 · €265,725
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €56,510 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €102,884 | €101,111 | €94,776 | €95,952 | €100,876 | ▲ 5.1% |
| Other operating charges640/8 | €9,388 | €11,954 | €12,667 | €33,005 | €24,299 | ▼ 26.4% |
| Gross operating margin9900 | €85,461 | €151,710 | €207,459 | €121,476 | €105,543 | ▼ 13.1% |
| Operating profit (loss)9901 | -€26,811 | €38,646 | €100,015 | -€7,481 | -€19,632 | ▼ 162% |
| Financial income75/76B | - | €13 | - | €34 | €6 | ▼ 83.0% |
| Recurring financial income75 | - | €13 | - | €34 | €6 | ▼ 83.0% |
| Financial charges65/66B | €16,116 | €11,551 | €12,136 | €10,799 | €11,150 | ▲ 3.2% |
| Recurring financial charges65 | €16,116 | €11,551 | €12,136 | €10,799 | €11,150 | ▲ 3.2% |
| Profit (loss) for the period before taxes9903 | -€42,928 | €27,108 | €87,879 | -€18,246 | -€30,776 | ▼ 68.7% |
| Profit (loss) for the period9904 | -€42,928 | €27,108 | €87,879 | -€18,246 | -€30,776 | ▼ 68.7% |
| Profit (loss) for the period to be appropriated9905 | -€42,928 | €27,108 | €87,879 | -€18,246 | -€30,776 | ▼ 68.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.7m | €1.6m | €1.7m | €2.2m | ▲ 27.5% |
| Fixed assets21/28 | €1.8m | €1.7m | €1.6m | €1.7m | €2.1m | ▲ 27.0% |
| Tangible fixed assets22/27 | €1.8m | €1.7m | €1.6m | €1.7m | €2.1m | ▲ 27.0% |
| Land and buildings22 | €1.8m | €1.7m | €1.6m | €1.6m | €2.1m | ▲ 28.0% |
| Plant, machinery and equipment23 | - | - | - | €1,189 | €192 | ▼ 83.9% |
| Furniture and vehicles24 | - | - | - | €8,650 | €11,059 | ▲ 27.8% |
| Other tangible fixed assets26 | - | - | - | €55,225 | €55,225 | = |
| Financial fixed assets28 | - | - | - | - | €542 | - |
| Current assets29/58 | €6,221 | €15,224 | €10,960 | €29,134 | €44,617 | ▲ 53.1% |
| Amounts receivable within one year40/41 | - | - | - | €1,973 | €26,006 | ▲ 1,218% |
| Other amounts receivable41 | - | - | - | €1,973 | €26,006 | ▲ 1,218% |
| Cash at bank and in hand54/58 | €2,608 | €9,953 | €6,299 | €8,950 | €4,907 | ▼ 45.2% |
| Deferred charges and accrued income490/1 | €3,613 | €5,271 | €4,662 | €18,211 | €13,704 | ▼ 24.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.7m | €1.6m | €1.7m | €2.2m | ▲ 27.5% |
| Equity10/15 | €887,278 | €914,386 | €1.0m | €632,593 | €601,817 | ▼ 4.9% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | - | - | €2,265 | €2,265 | €2,265 | = |
| Distributable reserves133 | - | - | €2,265 | €2,265 | €2,265 | = |
| Profit (loss) carried forward14 | -€112,722 | -€85,614 | - | -€389,672 | -€420,448 | ▼ 7.9% |
| Amounts payable17/49 | €912,322 | €803,598 | €620,193 | €1.1m | €1.6m | ▲ 46.5% |
| Amounts payable after more than one year17 | €458,858 | €394,601 | €330,163 | €265,725 | €616,470 | ▲ 132% |
| Financial debts170/4 | €458,858 | €394,601 | €330,163 | €265,725 | €616,470 | ▲ 132% |
| Amounts payable within one year42/48 | €453,464 | €407,646 | €290,030 | €810,941 | €960,755 | ▲ 18.5% |
| Current portion of amounts payable after more than one year42 | €64,078 | €64,257 | €64,438 | €64,438 | €87,239 | ▲ 35.4% |
| Trade debts44 | €3,496 | €5,515 | €10,209 | €7,649 | €21,177 | ▲ 177% |
| Suppliers440/4 | €3,496 | €5,515 | €10,209 | €7,649 | €21,177 | ▲ 177% |
| Taxes, remuneration and social security45 | - | - | - | €255 | €199 | ▼ 21.8% |
| Taxes450/3 | - | - | - | €255 | €199 | ▼ 21.8% |
| Other amounts payable47/48 | €385,889 | €337,874 | €215,384 | €738,599 | €852,140 | ▲ 15.4% |
| Accrued charges and deferred income492/3 | - | €1,351 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,928 | €27,108 | €87,879 | -€18,246 | -€30,776 | ▼ 68.7% |
| + Depreciation and write-downs630 | €102,884 | €101,111 | €94,776 | €95,952 | €100,876 | ▲ 5.1% |
| Operating cash flow (approximation) | €59,956 | €128,219 | €182,655 | €77,706 | €70,100 | ▼ 9.8% |
| Investment in fixed assets (approximation) | - | -€10,491 | -€3,515 | -€164,578 | -€555,177 | ▼ 237% |
| Change in cash | - | €7,345 | -€3,654 | €2,651 | -€4,043 | ▼ 252% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €87,879 ▲224%
Operating result €100,015, net result €87,879, both a record.
31-12
Financial
Equity above €1mEq €1.0m ▲9.6%
2 profitable years in a row build equity to €1.0m.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €27,108
Net result €27,108 after 2 loss-making years.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€42,928
Net result drops to -€42,928, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
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, Brussel · 1 establishment unit since 2012
Ground area
165 m²
Building footprint
153 m²
Volume, LiDAR
1,829 m³
Parcel 21810L2199/02F002, Brussels · tallest building 18.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Ervivan
since 20122.211.598.317
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21810L2199/02F002 | Brussels | 165 m² | 1 · 153 m² | 18.9 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500QCGUY0IFL9JF74
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Of 732 companies in sector 55209 we hold annual accounts for 208. 120 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
Founded02-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
55209Other holiday and short-stay accommodation
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.