Financials
Financial year 2025
ERTUG from Waterloo, company number BE0426761990, closed financial year 2025 with a result of € 419,382 after tax. For that financial year ERTUG recorded a gross margin of € 820,985 and equity of € 645,122. Compared with financial year 2024, the result moved from € 101,993 to € 419,382. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 645,122
▲ 186% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 419,382
▲ € 317,389 vs 2024
Profit after tax over the fiscal year.
€ 82,509
▲ 252% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 476,530.
People and assets in 2025
€ 58,361
▼ 24% vs 2024
Of which on lease € 56,620.
Debts at end 2025
€ 570,525
▲ 146% vs 2024
€ 84,824 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 1,113
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,649
▲ 249% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 49,326 | € 69,772 | € 162,736 | € 820,985 | ▲ € 658,249 |
| Profit after taxes | € 13,551 | € -231,825 | € 101,993 | € 419,382 | ▲ € 317,389 |
| Equity | € 205,571 | € 123,747 | € 225,740 | € 645,122 | ▲ 186% |
| Total debts | € 217,938 | € 264,971 | € 253,899 | € 963,819 | ▲ 280% |
| Cash | € 29,853 | € 16,288 | € 23,446 | € 82,509 | ▲ 252% |
| Land & buildings | € 143,626 | € 293,053 | € 292,479 | € 1,414,010 | ▲ € 1.1 million |
| Retained profit | € 186,979 | € -44,845 | € 57,148 | € 476,530 | ▲ € 419,382 |
| Dividend | € 9,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 133,253 | € 222,442 | € 231,638 | € 570,525 | ▲ 146% |
| Balance sheet total | € 423,510 | € 388,718 | € 479,639 | € 1,784,355 | ▲ 272% |
Key figures of ERTUG, 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 ERTUG?
What happened at ERTUG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 419,382 (▲ € 317,389 vs 2024). Source: NBB ↗
- YANNICK ERTUG became a director. NBB
- New establishment in Waterloo. KBO
- New establishment in Ukkel. KBO
- SALIH ERTUG became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 13,551 profit in 2022 to € 419,382 profit in 2025.
Paid € 11,491 in corporate taxes since 2022.
Best year ever: 2025, with € 419,382 profit.
Paid out € 9,000 in dividends to the owners in total.
Management
Behind ERTUG are SALIH ERTUG and YANNICK ERTUG. It owns 85.1% of SK INVEST itself.
Directors
According to the 2025 annual accounts
SALIH ERTUG
Director
since 1985
since 2014
Establishments
Establishment units
Physical locations of this company
Chaussée de Bruxelles 75
1410 Waterloo
Waterloosesteenweg 1242
1180 Ukkel
Active since 27 November 2000
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.761.990
- VAT number
- BE 0426.761.990
- Registered office
- Chaussée de Bruxelles 75, 1410 Waterloo
- Names & denominations
- ERTUG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 1984
- Peppol
- Active · Active since 24 Nov 2025
- Activities · NACE
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