Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 43 to 24.1.
Financials
Financial year 2025
ERTZBERG from Leuven, company number BE0403551672, closed financial year 2025 with a result of € -1.2 million after tax. For that financial year ERTZBERG recorded revenue of € 6.7 million and equity of € -1.9 million. Compared with financial year 2024, the result moved from € -3.4 million to € -1.2 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 9, 2026.
€ -1.9 million
▼ € 1.2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▲ 65 % less loss than in 2024
Profit after tax over the fiscal year.
€ 607,592
▲ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8.2 million.
People and assets in 2025
24.1
▼ 3.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.7 million
▼ 12% vs 2024
€ 111,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3.5 million
▼ 9% vs 2024
Of which on lease € 3.1 million.
Debts at end 2025
€ 15.4 million
▲ 11% vs 2024
€ 745,259 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 1.1 million
▲ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 108 days on average.
€ 373,365
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,104,900 | € 12,900,192 | € 8,044,454 | € 6,651,353 | ▼ 17% |
| Profit after taxes | € -727,889 | € 947,168 | € -3,386,909 | € -1,196,431 | ▲ € 2.2 million |
| Equity | € 1,749,641 | € 2,696,808 | € -690,100 | € -1,886,532 | ▼ € 1.2 million |
| Total debts | € 23,732,512 | € 25,365,386 | € 29,614,787 | € 30,553,901 | ▲ 3% |
| Cash | € 1,266,505 | € 370,823 | € 492,667 | € 607,592 | ▲ 23% |
| Land & buildings | € 5,486,074 | € 5,353,530 | € 8,705,141 | € 8,425,745 | ▼ 3% |
| Retained profit | € -5,024,370 | € -3,929,337 | € -7,168,379 | € -8,216,945 | ▼ € 1 million |
| Bank debt | € 9,140,889 | € 9,333,598 | € 13,954,306 | € 15,428,062 | ▲ 11% |
| Balance sheet total | € 25,712,153 | € 28,262,195 | € 29,124,687 | € 28,667,369 | ▼ 2% |
| Employees (FTE) | 43.3 | 43 | 27.9 | 24.1 | ▼ 3.8 |
Key figures of ERTZBERG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ERTZBERG?
What happened at ERTZBERG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.2 million. filed late Source: NBB ↗
- Melvin Vandebergh became a director. NBB
- Vandebergh BV became a director. NBB
- Nathalie De Smet became a director. NBB
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 727,889 loss in 2022 to € 1.2 million loss in 2025.
Paid € 134,533 in corporate taxes since 2022.
Best year ever: 2023, with € 947,168 profit.
Pays suppliers within 108 days on average.
Management
The stake of VANDEBERGH comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ERTZBERGBehind ERTZBERG are Melvin Vandebergh, Vandebergh BV and Nathalie De Smet. The shares are held by VANDEBERGH (100%). It owns 100% of E.Invest nv and 97.5% of Eberg NV itself.
Directors
According to the 2025 annual accounts
Melvin Vandebergh
Director
since 2026
Managing director · represented by Johan Vandebergh
since 2026
since 2026
Shareholders
100%
Participations
100%
97.5%
Establishments
Establishment units
Physical locations of this company
Bondgenotenlaan 138
3000 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.551.672
- VAT number
- BE 0403.551.672
- Registered office
- Bondgenotenlaan 138, 3000 Leuven
- Names & denominations
- ERTZBERG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1938
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Managementactiviteiten van holdings
Activiteiten van holdings
Ontwikkeling van residentiële bouwprojecten
Overige zakelijke dienstverlening, n.e.g.
Holdings
Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten
Ontwerpen van computerprogramma’s
Overige zakelijke dienstverlening, neg
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