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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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
18 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ERPA from Brussel, company number BE0420148867, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year ERPA recorded a gross margin of € 4.7 million and equity of € 7.1 million. Compared with financial year 2024, the result moved from € 215,922 to € 1.6 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 7.1 million
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▲ € 1.3 million vs 2024
Profit after tax over the fiscal year.
€ 92,260
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 700,000 paid out
45 % of the profit went to the shareholders, mostly to CHORUS (50 % of the shares). That is where the money ends up.
People and assets in 2025
3.4
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 329,607
▲ 9% vs 2024
€ 96,900 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.
€ 15.8 million
▼ 8% vs 2024
Of which on lease € 15.7 million.
Debts at end 2025
€ 17 million
▼ 10% vs 2024
€ 1.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 561,155
▲ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 140,650
▲ 274% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,969,803 | € 3,446,884 | € 3,414,379 | € 4,695,992 | ▲ 38% |
| Profit after taxes | € 419,476 | € 531,243 | € 215,922 | € 1,564,414 | ▲ € 1.3 million |
| Equity | € 5,056,829 | € 6,317,392 | € 6,239,314 | € 7,103,728 | ▲ 14% |
| Total debts | € 22,417,373 | € 21,660,381 | € 31,787,244 | € 29,098,875 | ▼ 8% |
| Cash | € 1,240,162 | € 423,296 | € 416,649 | € 92,260 | ▼ 78% |
| Land & buildings | € 9,843,114 | € 11,671,615 | € 6,820,004 | € 6,433,625 | ▼ 6% |
| Retained profit | € 4,102,528 | € 4,773,103 | € 4,695,025 | € 5,559,439 | ▲ 18% |
| Dividend | € 454,000 | € 487,000 | € 294,000 | € 700,000 | ▲ 138% |
| Bank debt | € 12,447,747 | € 12,053,661 | € 18,995,353 | € 17,009,892 | ▼ 10% |
| Balance sheet total | € 28,824,437 | € 29,170,222 | € 39,174,564 | € 37,433,845 | ▼ 4% |
| Employees (FTE) | - | 3 | 3.6 | 3.4 | ▼ 0.2 |
Key figures of ERPA, 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 ERPA?
What happened at ERPA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eric Willocx stepped down as director. NBB
- CHORUS stepped down as director. NBB
- BUGECO stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.6 million (▲ € 1.3 million vs 2024). Source: NBB ↗
- Eric Willocx became a director. NBB
- CHORUS became a director. NBB
- BUGECO became a director. NBB
- New establishment in Zaventem. KBO
In short
From € 419,476 profit in 2022 to € 1.6 million profit in 2025.
Paid € 548,047 in corporate taxes since 2022.
Best year ever: 2025, with € 1.6 million profit.
On average € 1.4 million of value added per employee in 2025.
A new publication or filing at ERPA? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of CHORUS, BUGECO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ERPAThe shares are held by CHORUS (50%) and BUGECO (0.5%). It owns 100% of RANGOON, 100% of ANTHILL-Gest, 100% of TC Arsenal, 100% of BREMEN and 100% of SOS ROOF itself.
Directors
According to the 2025 annual accounts
since 2021 · until 2027
Director · represented by Michel BECKER
Also active at: THE LIGHTING ONE, ANTHILL-Gest, ENERGY INVEST
since 2021 · until 2027
Director · represented by Christian BECKER
Also active at: THE LIGHTING ONE, ANTHILL-Gest, ENERGY INVEST
since 2021 · until 2027
Participations
Establishments
Establishment units
Physical locations of this company
Kernstraat 54
1000 Brussel
Tollaan 75
1932 Zaventem
Active since 20 December 1979
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 18 companies are registered at this address.
All companies at this address →BUGECO same network
€ 166,655 gross margin · 2025
THE LIGHTING ONE same network
€ -291 gross margin · 2025
Ne touchez pas A CaIn
A.L.S.
CHORUS same network
€ 131,170 gross margin · 2025
+13 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.148.867
- VAT number
- BE 0420.148.867
- Registered office
- Kernstraat 54, 1000 Brussel
- Names & denominations
- ERPA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 1979
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Logistieke diensten
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Overige vervoerondersteunende activiteiten
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis