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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
EREL from Aalst, company number BE0438496616, closed financial year 2025 with a result of € -12,314 after tax. For that financial year EREL recorded a gross margin of € 22,820 and equity of € 581,673. Compared with financial year 2024, the result moved from € -4,632 to € -12,314. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 581,673
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,314
▼ 166 % more loss than in 2024
Profit after tax over the fiscal year.
€ 147,545
▲ 102% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 40,942.
People and assets in 2025
€ 4,224
▲ 1% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,093
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,018
▼ 58% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 42,055 | € 30,792 | € 35,901 | € 22,820 | ▼ 36% |
| Profit after taxes | € 3,991 | € 2,137 | € -4,632 | € -12,314 | ▼ € 7,681 |
| Equity | € 596,481 | € 598,619 | € 593,987 | € 581,673 | ▼ 2% |
| Total debts | € 139,422 | € 141,967 | € 145,128 | € 148,146 | ▲ 2% |
| Cash | € 35,565 | € 41,315 | € 73,188 | € 147,545 | ▲ 102% |
| Land & buildings | € 437,223 | € 427,833 | € 405,847 | € 383,861 | ▼ 5% |
| Retained profit | € 55,750 | € 57,887 | € 53,255 | € 40,942 | ▼ 23% |
| Balance sheet total | € 735,903 | € 740,586 | € 739,114 | € 729,820 | ▼ 1% |
Key figures of EREL, 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 EREL?
What happened at EREL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12,314. Source: NBB ↗
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,991 profit in 2022 to € 12,314 loss in 2025.
Paid € 4,858 in corporate taxes since 2022.
Best year ever: 2022, with € 3,991 profit.
Management
Behind EREL are Ralph Rombaut and Kris Huylebroeck. Kris Huylebroeck is also behind 2M INVEST.
Directors
According to the 2025 annual accounts
Ralph Rombaut
Director
Establishments
Establishment units
Physical locations of this company
Geraardsbergsesteenweg 156
9320 Aalst
Pieter Coeckestraat 19
9300 Aalst
Active since 7 March 1994
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0438.496.616
- VAT number
- BE 0438.496.616
- Registered office
- Geraardsbergsesteenweg 156, 9320 Aalst
- Names & denominations
- EREL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 September 1989
- Peppol
- Not registered