Er4Management
ActiveSummary
Er4Management has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.27M and a net result of €5.00M. Equity is growing by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 3187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.35M at 30 days acceptable
Liquidity ample (current ratio 22.87 against 21.19 in 2024; short-term debt: 4.3% and cash: 17.3% of total assets), and 4.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
95.7%
Return on assets
31.4%
Age of the figures
9 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
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 03-05-2026, 89 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
89 d early
2024
143 d early
2023
61 d early
2022
84 d early
2021
88 d early
2020
106 d early
2019
105 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5.00M▼ 25.3%
2024 · €6.70M
2018: €1.24M
2019: €660k
2020: €1.12M
2021: €2.07M
2022: €1.61M
2023: €1.96M
2024: €6.70M
2018 → 2025
Working capital
€14.86M▲ 8.5%
2024 · €13.69M
2018: €1.93M
2019: €2.58M
2020: €3.65M
2021: €5.58M
2022: €6.75M
2023: €6.97M
2024: €13.69M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5.95M-€7.13M▲ 19.9%€7.42M▲ 4.1%€14.12M▲ 90.2%€15.27M▲ 8.1%
Operating result€565k-€554k▼ 2.0%€561k▲ 1.2%€561k▲ 0.2%€557k▼ 0.8%
Net result€2.07M-€1.61M▼ 22.2%€1.96M▲ 21.3%€6.70M▲ 242%€5.00M▼ 25.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.95M
Fixed assets
€411k ▼ 4.9%
Current assets
€15.54M ▲ 8.1%
Equity and liabilities €15.95M
Equity
€15.27M ▲ 8.1%
Debt
€679k ▲ 0.2%
Debt's share of the balance-sheet total falls from 4.6% to 4.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€578k▼
2024 · €583k
Cash flow
€5.02M▼
2024 · €6.72M
Current ratio
22.87▲
2024 · 21.19
Debt to equity
0.04▼
2024 · 0.05
ROE
32.8%▼
2024 · 47.4%
ROA
31.4%▼
2024 · 45.3%
Interest coverage
1882.95▲
2024 · 1867.12
Debt ≤ 1 year
€679k▲
2024 · €678k
Income taxes
€204k▼
2024 · €882k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€14.80M€15.95M▲
Fixed assets21/28€432k€411k▼
Tangible fixed assets22/27€70k€48k▼
Furniture and vehicles24€70k€48k▼
Financial fixed assets28€363k€363k=
Current assets29/58€14.37M€15.54M▲
Amounts receivable within one year40/41€191k€211k▲
Trade receivables40€191k€191k=
Other amounts receivable41-€21k
Current investments50/53€9.80M€12.50M▲
Cash at bank and in hand54/58€4.23M€2.76M▼
Deferred charges and accrued income490/1€141k€65k▼
Equity and liabilities
Total equity and liabilities10/49€14.80M€15.95M▲
Equity10/15€14.12M€15.27M▲
Reserves13€14.12M€10.27M▼
Distributable reserves133€14.12M€10.27M▼
Profit (loss) carried forward14-€5.00M
Amounts payable17/49€678k€679k▲
Amounts payable within one year42/48€678k€679k▲
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€675k€676k=
Taxes450/3€674k€676k▲
Remuneration and social security454/9€2k-
Accrued charges and deferred income492/3€127€27▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k=
Other operating charges640/8€1k€1k▲
Gross operating margin9900€584k€580k▼
Operating profit (loss)9901€561k€557k▼
Financial income75/76B€7.02M€4.65M▼
Recurring financial income75€7.02M€4.65M▼
Financial charges65/66B€312€307▼
Recurring financial charges65€312€307▼
Profit (loss) for the period before taxes9903€7.58M€5.20M▼
Income taxes67/77€882k€204k▼
Profit (loss) for the period9904€6.70M€5.00M▼
Profit (loss) for the period to be appropriated9905€6.70M€5.00M▼
Appropriation of the result
Profit (loss) to be appropriated9906€6.70M€5.00M▼
Transfer from equity791/2-€3.85M
Transfer to equity691/2€6.70M-
To other reserves6921€6.70M-
Profit to be distributed694/7-€3.85M
Return on contributions (dividend)694-€3.85M
The notes to these accounts (4 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
03-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €6.70M ▲242%
Net result €6.70M, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 21.19
Current ratio from 5.80 to 21.19; short-term debt falls from €1.45M to €678k.
31-12
Financial
Equity above €10MEq €14.12M ▲90.2%
7 profitable years in a row build equity to €14.12M.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €5MEq €5.95M ▲48%
4 profitable years in a row build equity to €5.95M.
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €660k ▼46.8%
Net result drops to €660k, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Liquidity triplescurrent ratio 25.75
Current ratio from 7.51 to 25.75; short-term debt falls from €296k to €104k.
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Brussel · 1 establishment unit since 2013
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.
Louizalaan 2401050 BrusselGround area
1,934 m²
Building footprint
2,286 m²
Volume, LiDAR
42,703 m³
2 parcels, Brussels · tallest building 33.2 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 120, 1050 Elsene
since 20132.224.674.511
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0121/00A008 | Brussels | 975 m² | 1 · 1,484 m² | 31.4 m · 6 fl. |
| 21807G0049/00C000 | Brussels | 959 m² | 1 · 802 m² | 33.2 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GROUP RENOTEC
BE 0465.305.931
Geel · Eq €15,265,644
COFIGESTION
BE 0872.827.279
Sint-Gillis (bij-Brussel) · Eq €15,272,230
SODAPHI GROUP
BE 0810.706.796
Chaudfontaine · Eq €15,282,126
MACYPAU
BE 0817.852.728
Merchtem · Eq €15,253,228
Belgocodex
BE 0404.755.066
Lasne · Eq €15,311,302
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 4,998 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.