Overdue debts
€7,964 on 31-12-2025
The annual accounts state €7,369 of overdue tax debts and €595 of overdue social security (RSZ) debts on 31-12-2025.
GROUP ERGU
Lifetime
1 annual account with figurespeak €69,487 (2025)
€69,487
peak €34,661 (2025)
€34,661
peak €37,161 (2025)
€37,161
€77,584
Board2 names since 2025
2 directorsEREN Yusuf and 1 other
Documentsfilings and deeds
07-07-202624 days before the deadline
2025micro format
Incorporation 03-041 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsChecked score
84
Excellent
Financially stronger than 72% of micro companies in civil engineering (NACE 42)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
05-2026: 1.8%
06-2026: 1.8%● unchanged vs 05-2026
07-2026: 2.2%▲ +0.4 percentage points vs 06-2026highest value
08-2026: 0.5%▼ -1.7 percentage points vs 07-2026lowest value
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2025
Sector: Civil engineering (NACE 42)
lowers risk
Liquidity: current ratio 1.64, cash €51,021
Figures for financial year 2025 (filed on 07-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro). It does better than 37% of them on solvency, 88% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as GROUP ERGU has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of GROUP ERGU itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 11,279 companies, not a prediction for GROUP ERGU. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.64, above the usual 1.5. Short-term debt is 28% and cash 44.5% of total assets. However, 67.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 07-07-2026, 24 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
24 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- GÜRBÜZ Ahmet 50 sharesdeed of 03-04-2025
- EREN Yusuf 50 sharesdeed of 03-04-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1021771670
Incorporation
Founding capital of €2,500, 100 shares · Founders: GÜRBÜZ Ahmet and EREN Yusuf · Appointments: GÜRBÜZ Ahmet (director) and EREN Yusuf (director) · published on 03-04-2025 · Gazette deed
First establishment
Margrietstraat 65, Heusden-Zolder
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GROUP ERGU Heusden-Zolder | €114,745 | €69,487 | 32.4% | - |
| SBH TECHNICS Temse | €102,491 | €65,326 | 18.0% | - |
| De Groot Telecom Brasschaat | €105,618 | €73,335 | 73.6% | - |
| Bongers Solutions Lommel | €87,643 | €62,024 | 71.4% | - |
| START STOP GROUP Maasmechelen | €113,257 | €109,579 | 43.8% | 1.8 |
| ER10 Electricity Houthalen-Helchteren | €99,186 | €56,039 | 35.7% | - |
| ST-connect Beringen | €130,297 | €46,077 | 26.7% | - |
These companies have the same main activity as GROUP ERGU: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €87,600 and €130,000, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 01-04-2025Normal situation
- Activity
- Construction of utility projects for electricity and telecommunicationsNACE 42220and 5 others
- Establishment unit
- 2.372.137.0773550 Heusden-Zolder, since 01-04-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 15-04-2025
Annual accounts 2025
- €114,745
- Employeeson 31-12-2025
- 3
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on GROUP ERGU
GROUP ERGU has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,161 and a net result of €34,661.
Its solvency ranks better than 36% of 1,263 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GROUP ERGU
- What is the company number of GROUP ERGU?
- The company number of GROUP ERGU is 1021.771.670. The VAT number is the same number with BE in front: BE 1021.771.670.
- Where is GROUP ERGU based?
- The registered office is at Margrietstraat 65, 3550 Heusden-Zolder.Company details
- What does GROUP ERGU do?
- According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
- What is the legal form of GROUP ERGU?
- GROUP ERGU is a private limited company (BV).
- When was GROUP ERGU founded?
- GROUP ERGU was founded on 01-04-2025.
- Is GROUP ERGU still active?
- Yes, GROUP ERGU is an active enterprise in the KBO register.
- How many employees does GROUP ERGU have?
- GROUP ERGU had an average of 1.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of GROUP ERGU?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €69,487 and 2,666 comparable companies of the same size. It probably lies between €140,000 and €360,000. It is a rough estimate.
- Is GROUP ERGU profitable?
- In financial year 2025, GROUP ERGU made a profit of €34,661.
- Where can I find the annual accounts of GROUP ERGU?
- GROUP ERGU filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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