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 21 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ERNEST 11 from Etterbeek, company number BE0677886973, closed financial year 2025 with a result of € 404,540 after tax. For that financial year ERNEST 11 recorded a gross margin of € 1.1 million and equity of € 4 million. Compared with financial year 2024, the result moved from € 342,443 to € 404,540. 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 6, 2026.
€ 4 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 404,540
▲ 18% vs 2024
Profit after tax over the fiscal year.
€ 8,920
▼ 97% 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 € 1.5 million.
Debts at end 2025
€ 5.6 million
▼ 8% vs 2024
€ 515,687 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 7,149
▼ 89% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 121,429
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 993,417 | € 970,237 | € 1,055,906 | ▲ 9% |
| Profit after taxes | € 347,994 | € 342,443 | € 404,540 | ▲ 18% |
| Equity | € 3,302,098 | € 3,644,541 | € 4,049,081 | ▲ 11% |
| Total debts | € 7,242,235 | € 6,281,308 | € 5,730,230 | ▼ 9% |
| Cash | € 469,847 | € 298,379 | € 8,920 | ▼ 97% |
| Land & buildings | € 9,946,986 | € 9,620,697 | € 9,350,908 | ▼ 3% |
| Retained profit | € 708,672 | € 1,051,115 | € 1,455,655 | ▲ 38% |
| Dividend | € 250,000 | € 0 | € 0 | |
| Bank debt | € 6,502,500 | € 6,097,033 | € 5,581,545 | ▼ 8% |
| Balance sheet total | € 10,544,333 | € 9,925,850 | € 9,779,311 | ▼ 1% |
Key figures of ERNEST 11, fiscal years 2023 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 ERNEST 11?
What happened at ERNEST 11 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alain Braive stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 404,540 (▲ 18% vs 2024). Source: NBB ↗
- ASSINCO BVBA stepped down as director. NBB
- GSV CONSULT stepped down as director. NBB
- Securex Vie stepped down as director. NBB
- ASSINCO BVBA became a director. NBB
- GSV CONSULT became a director. NBB
- Securex Vie became a director. NBB
In short
From € 347,994 profit in 2023 to € 404,540 profit in 2025.
Paid € 374,240 in corporate taxes since 2023.
Best year ever: 2025, with € 404,540 profit.
Paid out € 250,000 in dividends to the owners in total.
A new publication or filing at ERNEST 11? 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
Directors
According to the 2025 annual accounts
Director · represented by Serge Demoulin
Also active at: Secrétariat Social Securex - Sociaal Sekretariaat Securex - Sozial Sekretariate für Arbeitgeber Securex, Securex ICT, SECUREX INTEGRITY, CAISSE LIBRE D'ASSURANCES SOCIALES POUR TRAVAILLEURS INDEPENDANTS - SECUREX INTEGRITY, VRIJ SOCIAAL VERZEKERINGSFONDS VOOR ZELFSTANDIGEN, SERVICE EXTERNE DE PREVENTION ET DE PROTECTION SECUREX-EXTERNE DIENST VOOR PREVENTIE EN BESCHERMING SECUREX, Groep Securex - Groupe Securex, SECUREX INVEST, SECUREX CONSULT, CONTROLE MEDICAL SECUREX - MEDISCHE CONTROLE SECUREX +12 more
since 2023 · until 2026
Chairman of the board · represented by Guy Savoir
Also active at: Secrétariat Social Securex - Sociaal Sekretariaat Securex - Sozial Sekretariate für Arbeitgeber Securex, Securex ICT, SECUREX INTEGRITY, CAISSE LIBRE D'ASSURANCES SOCIALES POUR TRAVAILLEURS INDEPENDANTS - SECUREX INTEGRITY, VRIJ SOCIAAL VERZEKERINGSFONDS VOOR ZELFSTANDIGEN, SERVICE EXTERNE DE PREVENTION ET DE PROTECTION SECUREX-EXTERNE DIENST VOOR PREVENTIE EN BESCHERMING SECUREX, Groep Securex - Groupe Securex, SECUREX INVEST, SECUREX CONSULT, CONTROLE MEDICAL SECUREX - MEDISCHE CONTROLE SECUREX +16 more
since 2023 · until 2026
since 2022 · until 2027
Director · represented by Pierre Princen
Also active at: HAPPY GENERATION PROPERTY, ALPHA KEY, Thines Horizon, SEEDER FUND, Colive, HIVE5 GROUP, COURS SAINT-MICHEL 30, Tenbosch 126 +6 more
since 2023 · until 2026
Establishments
Establishment units
Physical locations of this company
Tervurenlaan 43
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.
All companies at this address →Secrétariat Social Securex - Sociaal Sekretariaat Securex - Sozial Sekretariate für Arbeitgeber Securex same network
€ 103.5 million revenue · 2025
Securex ICT same network
€ 47.1 million revenue · 2025
SECUREX INTEGRITY, CAISSE LIBRE D'ASSURANCES SOCIALES POUR TRAVAILLEURS INDEPENDANTS - SECUREX INTEGRITY, VRIJ SOCIAAL VERZEKERINGSFONDS VOOR ZELFSTANDIGEN same network
€ 23.5 million revenue · 2025
SERVICE EXTERNE DE PREVENTION ET DE PROTECTION SECUREX-EXTERNE DIENST VOOR PREVENTIE EN BESCHERMING SECUREX same network
€ 58 million revenue · 2025
Groep Securex - Groupe Securex same network
€ 63.1 million revenue · 2025
+24 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
- 0677.886.973
- VAT number
- BE 0677.886.973
- Registered office
- Tervurenlaan 43, 1040 Etterbeek
- Names & denominations
- ERNEST 11
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 2017
- Peppol
- Active · Active since 30 Dec 2025