Checked.be
Active
BE 0836.739.816Private limited company
VAN ERUM BART
Roomstraat 14 ·9520 Sint-Lievens-Houtem, Belgium· 15 yrs active
Sector: Rental and leasing activities
(77222)
Conclusion
VAN ERUM BART has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €991k and a net result of €75k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 44% of 992 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €991k |
| Net result | €75k |
| Staff (FTE) | 3 |
| Better than sector | 44% |
Financial profile
64
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
71
Profitability
38
Solvency
59
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2011, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
71
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€70k
estimate, not credit advice
Score history
68
2021
66
2022
78
2023
71
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.35 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.35 (≥ 1.0)
+5
Profitability
ROE 8%
+3
Interest coverage
Interest coverage 17.8× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-09-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, net result would indicatively turn negative around fiscal year 2027, 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).
Sector comparison
Fiscal year 2024 · NACE 77, Rental and leasing activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 32.4% | 38.5% | |
| Net result | €75k | €32k | |
| Equity | €991k | €407k | |
| Gross operating margin | €882k | €268k | |
| Staff costs | €176k | €193k |
€689k
+12.6%
21-24
€75k
-33.9%
21-24
€616k
+12.6%
21-24
€3.06M
+6.2%
21-24
€991k
+8.2%
21-24
€184k
-0.2%
21-24
3
+7.1%
21-24
€176k
+18.1%
21-24
€37k
-3.0%
21-24
€2.07M
+5.2%
21-24
€525k
+16.2%
21-24
€1.55M
+1.9%
21-24
1.35
-4.1%
21-24
1.35
-4.1%
21-24
32.4%
+1.9%
21-24
2.09
-2.8%
21-24
7.6%
-39.0%
21-24
2.5%
-37.8%
21-24
17.76
+7.4%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | micro schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €689k | €612k | €676k | €508k |
| Net profit | €75k | €114k | €337k | €122k |
| Cash flow | €616k | €547k | €620k | €446k |
| Staff costs | €176k | €149k | €102k | €50k |
| Income taxes | €37k | €38k | €34k | €26k |
| Dividends | - | - | - | - |
| Total assets | €3.06M | €2.89M | €2.78M | €2.26M |
| Equity | €991k | €916k | €802k | €466k |
| Debt | €2.07M | €1.97M | €1.98M | €1.79M |
| of which ≤ 1y | €525k | €452k | €531k | €308k |
| of which > 1y | €1.55M | €1.52M | €1.45M | €1.48M |
| Working capital | €184k | €184k | €-40k | €24k |
| Employees (FTE) | 3.0 | 2.8 | 2.7 | 1.9 |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.35 | 1.41 | 0.92 | 1.08 |
| Quick ratio | 1.35 | 1.41 | 0.92 | 1.08 |
| Working capital ratio | 6.0% | 6.4% | -1.4% | 1.1% |
| Solvency | 32.4% | 31.7% | 28.8% | 20.6% |
| Debt / equity | 2.09 | 2.15 | 2.47 | 3.85 |
| Long-term debt ratio | 1.56 | 1.66 | 1.81 | 3.19 |
| Interest coverage | 17.76 | 16.54 | 25.10 | 13.98 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 2.5% | 3.9% | 12.1% | 5.4% |
| ROE | 7.6% | 12.4% | 42.0% | 26.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €3.06M | €2.89M | €2.78M | €2.26M |
| Fixed assets | 21/28 | €2.35M | €2.25M | €2.29M | €1.92M |
| Tangible fixed assets | 22/27 | €2.35M | €2.25M | €2.29M | €1.92M |
| Financial fixed assets | 28 | €1k | €1k | €835 | €835 |
| Current assets | 29/58 | €709k | €636k | €490k | €332k |
| Amounts receivable within one year | 40/41 | €594k | €430k | €406k | €180k |
| Investments | 50/53 | - | - | - | €0 |
| Cash & bank | 54/58 | €104k | €202k | €79k | €145k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.06M | €2.89M | €2.78M | €2.26M |
| Equity | 10/15 | €991k | €916k | €802k | €466k |
| Contributions / capital | 10/11 | €20k | €20k | €19k | €19k |
| Reserves | 13 | €767k | €692k | €580k | €244k |
| Accumulated profits (losses) | 14 | €203k | €203k | €203k | €203k |
| Amounts payable | 17/49 | €2.07M | €1.97M | €1.98M | €1.79M |
| Amounts payable after one year | 17 | €1.55M | €1.52M | €1.45M | €1.48M |
| Amounts payable within one year | 42/48 | €525k | €452k | €531k | €308k |
| Trade debts payable within one year | 44 | €195k | €141k | €197k | €88k |
| Income statement | |||||
| Gross operating margin | 9900 | €882k | €811k | €792k | €572k |
| Operating result | 9901 | €149k | €179k | €392k | €184k |
| Financial income | 75 | €2k | €9k | €5k | €163 |
| Financial charges | 65 | €39k | €37k | €27k | €36k |
| Result before taxes | 9903 | €112k | €151k | €370k | €147k |
| Income taxes | 67/77 | €37k | €38k | €34k | €26k |
| Net result for the period | 9904 | €75k | €114k | €337k | €122k |
| Result to be appropriated | 9905 | €75k | €114k | €337k | €122k |
Legal Structure
| NACE primary | Rental and leasing activities(77222) |
| Legal form | Private limited company(610) |
| Incorporation | 06-06-2011 |
| Status | Active |
| Postal code | 9520 |
Establishment units
BSL
since 20112.201.393.224
BSL
since 20152.239.574.305
BSL
since 20202.310.079.546
Real-estate footprint
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41072B0328/00E000 | Flanders | 1.1 ha | 1 · 220 m² | 8.7 m · 2 fl. |
| 46025B0185/04L000 | Flanders | 3,166 m² | 1 · 1,281 m² | 8.1 m · 2 fl. |
| 46025B0383/00T000 | Flanders | 938 m² | 1 · 596 m² | 6.1 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 59 days late
2024
31-12
Financial
Weakest financial yearnet €75k ▼33.9%
Net result drops to €75k, the lowest in the series.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 49 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2021net €337k ▲177%
Operating result €392k, net result €337k, both a record.
31-12
Financial
Equity above €500kEq €802k ▲72.3%
2 profitable years in a row build equity to €802k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 69 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Rental and leasing activities77222Renting and leasing of other machinery, equipment and tangible goods77399Holdings64200Activities of holding companies64210Business and other management consultancy70200Business consulting70220
Names & trade names
| Legal nameNL | VAN ERUM BART |
Similar companies
GSF Event
BE 0806.302.008 · Gembloux
F&Ever
BE 0846.921.945 · Zaventem
Sense Audio-Visual
BE 0882.442.652 · Aartselaar
MISTER ED
BE 0455.335.618 · Genk
Gene-Electra
BE 0413.118.050 · Brussel