ERCOVE
ActiveERCOVE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76k and a net result of €89k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 31697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+4
Solvency37▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.42 against 0.32 in 2024; short-term debt: 62.4% and cash: 5.4% of total assets), and 87.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
12.2%
Return on assets
14.4%
Age of the figures
12 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 31697 sector peers (2025).
NBB · sector comparisonPosition among 31697 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-02-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
2 d early
2023
19 d early
2022
11 d early
2021
3 d late
2020
4 d late
2019
28 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€76k▼ 7.1%
2024 · €82k
2018: €83k
2019: €57k
2020: €78k
2021: €102k
2022: €170k
2023: €246k
2024: €82k
2018 → 2025
Total assets
€620k▲ 8.9%
2024 · €570k
2018: €384k
2019: €550k
2020: €568k
2021: €552k
2022: €582k
2023: €614k
2024: €570k
2018 → 2025
Net result
€89k▲ 35.0%
2024 · €66k
2018: €-899
2019: €-25k
2020: €22k
2021: €25k
2022: €69k
2023: €64k
2024: €66k
2018 → 2025
Working capital
€-226k▼ 13.2%
2024 · €-200k
2018: €-58k
2019: €-82k
2020: €-120k
2021: €-92k
2022: €-69k
2023: €-14k
2024: €-200k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€102k-€170k▲ 66.4%€246k▲ 44.5%€82k▼ 66.8%€76k▼ 7.1%
Operating result€39k-€97k▲ 149%€91k▼ 5.6%€86k▼ 5.5%€124k▲ 43.2%
Net result€25k-€69k▲ 171%€64k▼ 6.6%€66k▲ 2.7%€89k▲ 35.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 43% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €620k
Fixed assets
€459k▼ 3.4%
Current assets
€161k▲ 70.6%
Equity and liabilities €620k
Equity
€76k▼ 7.1%
Debt
€545k▲ 11.5%
The debt ratio rises from 85.7% to 87.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€140k▲
2024 · €103k
Cash flow
€105k▲
2024 · €82k
Solvency
12.2%▼
2024 · 14.3%
Current ratio
0.42▲
2024 · 0.32
Quick ratio
0.42▲
2024 · 0.32
Debt / equity
7.19▲
2024 · 5.98
ROE
117.7%▲
2024 · 81.0%
ROA
14.4%▲
2024 · 11.6%
Interest coverage
35.85▲
2024 · 22.56
Debt
€545k▲
2024 · €488k
Debt ≤ 1 year
€387k▲
2024 · €294k
Debt > 1 year
€156k▼
2024 · €194k
Income taxes
€32k▲
2024 · €17k
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€570k€620k▲
Fixed assets21/28€475k€459k▼
Tangible fixed assets22/27€475k€459k▼
Land and buildings22€474k€458k▼
Furniture and vehicles24€891€395▼
Current assets29/58€95k€161k▲
Amounts receivable within one year40/41€3k€12▼
Other amounts receivable41€3k€12▼
Current investments50/53€70k€125k▲
Cash at bank and in hand54/58€18k€33k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€570k€620k▲
Equity10/15€82k€76k▼
Contributions10/11€69k€69k=
Reserves13€7k€7k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€6k€316▼
Amounts payable17/49€488k€545k▲
Amounts payable after more than one year17€194k€156k▼
Financial debts170/4€194k€156k▼
Amounts payable within one year42/48€294k€387k▲
Current portion of amounts payable after more than one year42€37k€38k▲
Financial debts43€4€32▲
Credit institutions430/8€4€32▲
Trade debts44€2k€624▼
Suppliers440/4€2k€624▼
Taxes, remuneration and social security45€16k€29k▲
Taxes450/3€16k€29k▲
Other amounts payable47/48€239k€320k▲
Accrued charges and deferred income492/3-€908
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k=
Other operating charges640/8€2k€3k▲
Gross operating margin9900€105k€143k▲
Operating profit (loss)9901€86k€124k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€83k€121k▲
Income taxes67/77€17k€32k▲
Profit (loss) for the period9904€66k€89k▲
Profit (loss) for the period to be appropriated9905€66k€89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€236k€95k▼
Profit (loss) brought forward from the previous period14P€170k€6k▼
Profit to be distributed694/7€230k€95k▼
Return on contributions (dividend)694€230k€95k▼
The notes to these accounts (8 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
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €89k ▲35%
Operating result €124k, net result €89k, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200kEq €246k ▲44.5%
4 profitable years in a row build equity to €246k.
19-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €150kEq €170k ▲66.4%
3 profitable years in a row build equity to €170k.
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
30-09
Financial
Equity above €100kEq €102k ▲31.4%
2 profitable years in a row build equity to €102k.
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
30-09
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Aalst · 1 establishment unit since 2014
Ground area
542 m²
Building footprint
111 m²
Volume, LiDAR
560 m³
Parcel 41304G0167/00K003, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ERCOVE
since 20142.226.357.064
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304G0167/00K003 | Flanders | 542 m² | 1 · 111 m² | 7.0 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.
Similar companies · same sector, comparable size
CUTTING EDGE INVEST SPRL
BE 0670.445.192
Oupeye · Eq €76k
JZH ET PARTNERS
BE 0428.265.589
Elsene · Eq €76k
Beetee
BE 0800.261.579
Antwerpen · Eq €76k
Poka Belgium
BE 0773.596.774
Brussel · Eq €76k
Els Raemdonck Procurement Projects
BE 0802.053.903
Gent · Eq €76k
Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 39,927 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-2014
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.