Les Erables
ActiveLes Erables has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.02M and a net result of €51k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 7689 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent▼ -15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability21▼-30
Solvency100=
Growth46▼-2
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €460k at 30 days acceptable
Liquidity ample (current ratio 4.25 against 4.78 in 2024), and 24% 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 →
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
76%
Return on assets
0.3%
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
14 d early
2023
26 d early
2022
25 d early
2021
32 d early
2020
22 d early
2019
28 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€4.63M▼ 8.8%
2024 · €5.07M
2018: €4.69M
2019: €4.93M
2020: €4.10M
2021: €5.35M
2022: €5.08M
2023: €4.92M
2024: €5.07M
2018 → 2025
EBIT margin
0.2%▼ 5.9pp
2024 · 6.1%
2018: 17.7%
2019: 12.2%
2020: 15.8%
2021: 15.8%
2022: 7.4%
2023: -4.9%
2024: 6.1%
2018 → 2025
Net result
€51k▼ 89.4%
2024 · €481k
2018: €826k
2019: €777k
2020: €730k
2021: €974k
2022: €217k
2023: €13k
2024: €481k
2018 → 2025
Working capital
€8.06M▲ 1.5%
2024 · €7.94M
2018: €5.63M
2019: €6.21M
2020: €6.97M
2021: €7.98M
2022: €8.29M
2023: €8.48M
2024: €7.94M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.35M-€5.08M▼ 5.1%€4.92M▼ 3.1%€5.07M▲ 3.1%€4.63M▼ 8.8%
Equity€11.53M-€11.68M▲ 1.3%€11.62M▼ 0.5%€12.04M▲ 3.6%€12.02M▼ 0.1%
Operating result€848k-€375k▼ 55.7%€-239k€310k€10k▼ 96.6%
Net result€974k-€217k▼ 77.8%€13k▼ 94.2%€481k▲ 3,700%€51k▼ 89.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 97% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.81M
Fixed assets
€5.27M▼ 4.1%
Current assets
€10.54M▲ 5.0%
Equity and liabilities €15.81M
Equity
€12.02M▼ 0.1%
Debt
€3.79M▲ 8.2%
The debt ratio rises from 22.5% to 24.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€274k▼
2024 · €607k
Cash flow
€315k▼
2024 · €777k
Solvency
76.0%▼
2024 · 77.5%
Current ratio
4.25▼
2024 · 4.78
Quick ratio
4.09▼
2024 · 4.61
Debt / equity
0.32▲
2024 · 0.29
ROE
0.4%▼
2024 · 4.0%
ROA
0.3%▼
2024 · 3.1%
Interest coverage
6.99▼
2024 · 175.08
Debt
€3.79M▲
2024 · €3.50M
Debt ≤ 1 year
€2.48M▲
2024 · €2.10M
Debt > 1 year
€1.29M▼
2024 · €1.39M
Income taxes
€8k▼
2024 · €14k
Staff costs
€6.38M▼
2024 · €6.45M
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€15.54M€15.81M▲
Fixed assets21/28€5.50M€5.27M▼
Tangible fixed assets22/27€5.35M€5.12M▼
Land and buildings22€4.72M€4.62M▼
Plant, machinery and equipment23€508k€407k▼
Furniture and vehicles24€116k€93k▼
Financial fixed assets28€155k€158k▲
Affiliated companies280/1€150k€150k=
Participating interests280€150k€150k=
Other financial fixed assets284/8€5k€8k▲
Shares284€1k€1k=
Amounts receivable and cash guarantees285/8€4k€7k▲
Current assets29/58€10.04M€10.54M▲
Stocks and contracts in progress3€349k€390k▲
Stocks30/36€349k€390k▲
Raw materials and consumables30/31€349k€390k▲
Amounts receivable within one year40/41€2.21M€2.06M▼
Trade receivables40€1.83M€1.78M▼
Other amounts receivable41€382k€282k▼
Current investments50/53€3.92M€5.42M▲
Cash at bank and in hand54/58€3.50M€2.60M▼
Deferred charges and accrued income490/1€61k€66k▲
Equity and liabilities
Total equity and liabilities10/49€15.54M€15.81M▲
Equity10/15€12.04M€12.02M▼
Profit (loss) carried forward14€11.01M€11.06M▲
Investment grants15€1.03M€960k▼
Amounts payable17/49€3.50M€3.79M▲
Amounts payable after more than one year17€1.39M€1.29M▼
Financial debts170/4€1.39M€1.29M▼
Credit institutions173€1.39M€1.29M▼
Amounts payable within one year42/48€2.10M€2.48M▲
Current portion of amounts payable after more than one year42€100k€100k=
Trade debts44€169k€297k▲
Suppliers440/4€169k€297k▲
Advances received on contracts in progress46€2k-
Taxes, remuneration and social security45€1.18M€1.02M▼
Taxes450/3€61k€41k▼
Remuneration and social security454/9€1.12M€979k▼
Accrued charges and deferred income492/3€10k€16k▲
Income statement
Code20242025
Operating income70/76A€8.55M€8.01M▼
Turnover70€5.07M€4.63M▼
Other operating income74€25k€37k▲
Non-recurring operating income76A€152€212▲
Operating charges60/66A€8.24M€8.00M▼
Goods for resale, raw materials and consumables60€730k€581k▼
Purchases600/8€682k€622k▼
Change in stocks: decrease (increase)609€47k€-41k▼
Services and other goods61€724k€734k▲
Remuneration, social security and pensions62€6.45M€6.38M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€297k€264k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€5k
Other operating charges640/8€37k€36k▼
Operating profit (loss)9901€310k€10k▼
Financial income75/76B€152k€100k▼
Recurring financial income75€152k€100k▼
Income from current assets751€85k€35k▼
Other financial income752/9€67k€65k▼
Financial charges65/66B€-32k€52k▲
Recurring financial charges65€-32k€52k▲
Debt charges650€3k€39k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-44k€3k▲
Other financial charges652/9€8k€9k▲
Profit (loss) for the period before taxes9903€494k€59k▼
Income taxes67/77€14k€8k▼
Taxes670/3€14k€8k▼
Profit (loss) for the period9904€481k€51k▼
Profit (loss) for the period to be appropriated9905€481k€51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11.01M€11.06M▲
Profit (loss) brought forward from the previous period14P€10.53M€11.01M▲
Social balance
Average headcount (FTE)9087196.5180.1▼
The notes to these accounts (64 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €13k ▼94.2%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €974k ▲33.4%
Operating result €848k, net result €974k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €10MEq €10.63M ▲6.7%
3 profitable years in a row build equity to €10.63M.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Tournai · 1 establishment unit since 2004
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.
Rue du Bois des Hospices(BL) 57522 TournaiGround area
1.0 ha
Building footprint
7,360 m²
Volume, LiDAR
65,715 m³
Parcel 57008D0179/00Y000, Wallonia · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Les Erables
since 20042.144.673.463
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57008D0179/00Y000 | Wallonia | 1.0 ha | 1 · 7,360 m² | 13.0 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTournai2.144.673.463
Legal Entity Identifier
984500FCCC5480475992
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Of 4,245 companies in sector 43230 we hold annual accounts for 1,230. 53 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded24-06-1991
Fiscal year end31-12
Abbreviation FR
C.A.V.A.
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
85322
88993Social work activities without accommodation
43240Other construction installation
43299Specialised construction activities
82920Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.