Immo Erna · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Immo Erna is 3.2% (moderate). The 2025 annual accounts show negative equity (€-22k) and a net result of €33k. Equity is growing by ~59.7% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

3.2% Moderate

0%0,5%1,5%4%10%≥25%

Young company +No NACE activity registered +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

3 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events

No administrative flags

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€33k-0.1%

Working capital€297

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 21-05-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining At this pace, gross margin would indicatively turn negative around fiscal year 2026, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€48k

- 23-25

Net profit

€33k

-0.1% 23-25

Cash flow

€48k

- 23-25

Total assets

€174k

+24.9% 23-25

Equity

€-22k

+59.6% 23-25

Working capital

€297

- 23-25

Debt

€196k

+1.0% 23-25

Debt ≤ 1y

€552

- 23-25

Debt > 1y

€196k

+1.3% 23-25

Current ratio

1.54

- 23-25

Quick ratio

1.54

- 23-25

Solvency

-12.7%

+67.7% 23-25

Debt / equity

-8.84

-150.2% 23-25

ROE

-147.7%

-147.5% 23-25

ROA

18.8%

-20.0% 23-25

Interest coverage

688.15

- 23-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	-
EBITDA	-
Net profit	€33k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€174k
Equity	€-22k
Debt	€196k
of which ≤ 1y	-
of which > 1y	€196k
Working capital	-
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	-
Quick ratio	-
Working capital ratio	-
Solvency	-12.7%
Debt / equity	-8.84
Long-term debt ratio	-8.84
Interest coverage	-
Gross margin	-
Net margin	-
ROA	18.8%
ROE	-147.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €174k · 99.8% Current assets €391 · 0.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€174k
Fixed assets	21/28	€174k
Tangible fixed assets	22/27	€174k
Current assets	29/58	€391
Cash & bank	54/58	€391
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€174k
Equity	10/15	€-22k
Contributions / capital	10/11	€5k
Accumulated profits (losses)	14	€-27k
Amounts payable	17/49	€196k
Amounts payable after one year	17	€196k
Income statement
Gross operating margin	9900	€33k
Operating result	9901	€33k
Financial charges	65	€104
Result before taxes	9903	€33k
Net result for the period	9904	€33k
Result to be appropriated	9905	€33k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

15 / 100 Critical

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location

Immo Erna

Heurnestraat 315, 9700 OudenaardeHandel in eigen onroerend goed

since 20222.331.963.637

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,830 m²

Buildings1

Building footprint99 m²

Volume (LiDAR)596 m³

Tallest building8.7 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45014A0599/00X000 ProtectedTownscape or village viewHoeve Hof ten Toren met omgevingSource ↗	Flanders	1,829 m²	1 · 99 m²	8.7 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Analysis

Snowflake analysis

financial profile on 5 axes

47 / 100

Mixed profile: strong on stability, weaker on profitability.

Health 15

Profitability 0

Solvency 50

Growth 78

Stability 94

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Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameNL

Immo Erna

Registered office

Heurnestraat 315

9700 Oudenaarde, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.