ERA SYSTEMS
Open bankruptcyA bankruptcy procedure is open for ERA SYSTEMS according to publications in the Belgian State Gazette; curator: BART MANNAERT.
Summary
The 2022 annual accounts show equity of €54k and a net result of €19k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
30 d late
2020
31 d late
2019
103 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€54k▲ 54.0%
2021 · €35k
2018: €6k
2019: €7k
2020: €22k
2021: €35k
2018 → 2022
Total assets
€74k▲ 56.0%
2021 · €47k
2018: €15k
2019: €26k
2020: €36k
2021: €47k
2018 → 2022
Net result
€19k▲ 44.4%
2021 · €13k
2018: €3k
2019: €741
2020: €15k
2021: €13k
2018 → 2022
Working capital
€50k▲ 81.8%
2021 · €28k
2018: €-2k
2019: €-5k
2020: €12k
2021: €28k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€6k-€7k▲ 12.0%€22k▲ 217%€35k▲ 59.7%€54k▲ 54.0%
Operating result€4k-€2k▼ 47.9%€18k▲ 741%€22k▲ 24.6%€28k▲ 24.1%
Net result€3k-€741▼ 73.4%€15k▲ 1,923%€13k▼ 12.8%€19k▲ 44.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed three years in a row; 2022 is 24% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €74k
Fixed assets
€4k ▼ 50.0%
Current assets
€70k ▲ 75.5%
Equity and liabilities €74k
Equity
€54k ▲ 54.0%
Debt
€20k ▲ 61.6%
Debt's share of the balance-sheet total rises from 26.2% to 27.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31k▲
2021 · €26k
Cash flow
€23k▲
2021 · €17k
Current ratio
3.50▲
2021 · 3.22
Debt to equity
0.37▲
2021 · 0.36
ROE
35.0%▼
2021 · 37.4%
ROA
25.5%▼
2021 · 27.6%
Interest coverage
51.10▲
2021 · 8.63
Debt ≤ 1 year
€20k▲
2021 · €12k
Income taxes
€11k▲
2021 · €6k
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 · 2022 against 2021 · 41 lines
Balance sheet
Code20212022
Assets
Total assets20/58€47k€74k▲
Fixed assets21/28€7k€4k▼
Tangible fixed assets22/27€7k€4k▼
Furniture and vehicles24€7k€4k▼
Current assets29/58€40k€70k▲
Amounts receivable within one year40/41€36k€65k▲
Trade receivables40€5k€3k▼
Other amounts receivable41€32k€63k▲
Cash at bank and in hand54/58€3k€5k▲
Deferred charges and accrued income490/1€401-
Equity and liabilities
Total equity and liabilities10/49€47k€74k▲
Equity10/15€35k€54k▲
Contributions10/11€19k€19k=
Reserves13-€19k
Distributable reserves133-€19k
Profit (loss) carried forward14€16k€16k=
Amounts payable17/49€12k€20k▲
Amounts payable within one year42/48€12k€20k▲
Current portion of amounts payable after more than one year42€2k-
Trade debts44€174€1k▲
Suppliers440/4€174€1k▲
Taxes, remuneration and social security45€11k€19k▲
Taxes450/3€11k€18k▲
Remuneration and social security454/9-€2k
Income statement
Code20212022
Non-recurring operating income76A€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€3k€873▼
Gross operating margin9900€28k€32k▲
Operating profit (loss)9901€22k€28k▲
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€3k€613▼
Recurring financial charges65€3k€613▼
Profit (loss) for the period before taxes9903€19k€30k▲
Income taxes67/77€6k€11k▲
Profit (loss) for the period9904€13k€19k▲
Profit (loss) for the period to be appropriated9905€13k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€35k▲
Profit (loss) brought forward from the previous period14P€3k€16k▲
Transfer to equity691/2-€19k
To other reserves6921-€19k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
22-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · ERA SYSTEMS BV MGR. MIERTSSTRAAT 36, 2460 KASTERLEE · event 30-04-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €19k ▲44.4%
Operating result €28k, net result €19k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 2.01
Current ratio from 0.63 to 2.01; short-term debt falls from €13k to €12k.
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 103 days late
2019
31-12
Financial
Weakest financial yearnet €741 ▼73.4%
Net result drops to €741, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
29-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
29-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial 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, Kasterlee · 1 establishment unit since 2012
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.
Mgr. Miertsstraat 362460 KasterleeGround area
564 m²
Building footprint
212 m²
Volume, LiDAR
1,213 m³
Parcel 13017G0233/00K004, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Era Systems
since 20122.212.553.469
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017G0233/00K004 | Flanders | 564 m² | 1 · 212 m² | 6.6 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BART MANNAERT GERHEIDEN 66, 2250 OLEN- |
30-04-2024 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteKasterlee2.212.553.469
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Of 857 companies in sector 46832 we hold annual accounts for 588. 264 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 (pre-2019)
Founded30-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46832Wholesale of timber
47210Retail sale of fruit and vegetables
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.