ERWIN ROUSEU
ActiveThe annual accounts of ERWIN ROUSEU for fiscal year 2025 show a net loss of 65% of total assets and of 85% of the equity at the start of that year. The 2025 annual accounts show equity of €3k and a net result of €-17k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 15% of 27711 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-8
Solvency36▼-31
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.82 against 1.91 in 2024; short-term debt: 89% of total assets), and 89% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
11%
Return on assets
-64.7%
Age of the figures
12 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 · 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 €-17k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
50 d early
2023
39 d early
2022
32 d early
2021
36 d early
2020
32 d early
2019
27 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 85.4%
2024 · €20k
2018: €17k
2019: €27k
2020: €19k
2021: €22k
2022: €29k
2023: €26k
2024: €20k
2018 → 2025
Total assets
€26k▼ 45.2%
2024 · €48k
2018: €58k
2019: €46k
2020: €34k
2021: €80k
2022: €78k
2023: €62k
2024: €48k
2018 → 2025
Net result
€-17k▼ 183%
2024 · €-6k
2018: €6k
2019: €10k
2020: €-8k
2021: €3k
2022: €8k
2023: €-4k
2024: €-6k
2018 → 2025
Working capital
€-4k
2024 · €18k
2018: €11k
2019: €22k
2020: €20k
2021: €25k
2022: €28k
2023: €21k
2024: €18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€29k▲ 35.0%€26k▼ 12.8%€20k▼ 23.2%€3k▼ 85.4%
Operating result€6k-€9k▲ 67.1%€-3k€-5k▼ 81.2%€-16k▼ 242%
Net result€3k-€8k▲ 138%€-4k€-6k▼ 57.9%€-17k▼ 183%
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 €16k in 2025 against €5k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26k
Fixed assets
€7k▼ 33.2%
Current assets
€19k▼ 48.6%
Equity and liabilities €26k
Equity
€3k▼ 85.4%
Debt
€23k▼ 16.6%
The debt ratio rises from 58.5% to 89.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-10k▼
2024 · €1k
Cash flow
€-11k▼
2024 · €-181
Solvency
11.0%▼
2024 · 41.5%
Current ratio
0.82▼
2024 · 1.91
Quick ratio
0.50▼
2024 · 1.45
Debt / equity
8.07▲
2024 · 1.41
ROE
-587.2%▼
2024 · -30.2%
ROA
-64.7%▼
2024 · -12.5%
Interest coverage
-12.70▼
2024 · 0.63
Debt
€23k▼
2024 · €28k
Debt ≤ 1 year
€23k▲
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€48k€26k▼
Fixed assets21/28€10k€7k▼
Tangible fixed assets22/27€10k€7k▼
Plant, machinery and equipment23€83€2k▲
Leasing and similar rights25€10k€5k▼
Current assets29/58€37k€19k▼
Stocks and contracts in progress3€9k€8k▼
Stocks30/36€4k-
Contracts in progress37€5k€8k▲
Amounts receivable within one year40/41€21k€11k▼
Trade receivables40€12k€8k▼
Other amounts receivable41€8k€4k▼
Cash at bank and in hand54/58€4k-
Deferred charges and accrued income490/1€3k€158▼
Equity and liabilities
Total equity and liabilities10/49€48k€26k▼
Equity10/15€20k€3k▼
Contributions10/11€13k€13k=
Reserves13€17k€17k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-10k€-27k▼
Amounts payable17/49€28k€23k▼
Amounts payable after more than one year17€6k-
Financial debts170/4€6k-
Amounts payable within one year42/48€19k€23k▲
Current portion of amounts payable after more than one year42€6k€6k▼
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€14k€14k▲
Suppliers440/4€14k€14k▲
Taxes, remuneration and social security45€137-
Taxes450/3€137-
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3€3k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8€1k€312▼
Gross operating margin9900€2k€-10k▼
Operating profit (loss)9901€-5k€-16k▼
Financial income75/76B€595€4▼
Recurring financial income75€595€4▼
Financial charges65/66B€2k€824▼
Recurring financial charges65€2k€824▼
Profit (loss) for the period before taxes9903€-6k€-17k▼
Income taxes67/77€137-
Profit (loss) for the period9904€-6k€-17k▼
Profit (loss) for the period to be appropriated9905€-6k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-27k▼
Profit (loss) brought forward from the previous period14P€-4k€-10k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
11-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €10k ▲77.8%
Operating result €13k, net result €10k, both a record.
04-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Heuvelland · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lettingstraat(Dran) 388951 HeuvellandGround area
2.0 ha
Building footprint
173 m²
Volume, LiDAR
1,165 m³
Parcel 33006A0422/00N000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ERWIN ROUSEU EBVBA
since 20102.193.753.582
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33006A0422/00N000 | Flanders | 2.0 ha | 1 · 173 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 2,029 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-11-2010
Fiscal year end30-09
Activities, NACEBEL
43320Joinery installation
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.