Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 278 days after the legal deadline.
Financials
Financial year 2024
THE ERS from Brussel, company number BE0691871504, closed financial year 2024 with a result of € 37,845 after tax. For that financial year THE ERS recorded a gross margin of € 83,563 and equity of € -54,037. Compared with financial year 2023, the result moved from € -32,179 to € 37,845. Profitable, and profit is growing. 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 May 8, 2026.
€ -54,037
▲ € 37,845 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 37,845
▲ still € 32,179 loss in 2023
Profit after tax over the fiscal year.
€ 12,721
▼ 30% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -88,170.
People and assets in 2024
€ 37,748
▲ € 29,221 vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,496
▲ 155% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 5,000
▼ 55% vs 2023
Loans from banks and other lenders, long and short.
€ 30,254
▼ 12% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 104,698
▲ 106% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 250,539 | € 246,703 | - | - | |
| Gross margin | € -10,890 | € 20,635 | € 8,493 | € 83,563 | ▲ € 75,070 |
| Profit after taxes | € -45,384 | € -21,369 | € -32,179 | € 37,845 | ▲ € 70,024 |
| Equity | € -38,334 | € -59,703 | € -91,882 | € -54,037 | ▲ € 37,845 |
| Total debts | € 387,744 | € 369,250 | € 352,329 | € 343,904 | ▼ 2% |
| Cash | € 14,127 | € 24,903 | € 18,198 | € 12,721 | ▼ 30% |
| Retained profit | € -72,467 | € -93,837 | € -126,015 | € -88,170 | ▲ € 37,845 |
| Bank debt | € 58,294 | € 32,051 | € 11,234 | € 5,000 | ▼ 55% |
| Balance sheet total | € 349,410 | € 309,547 | € 260,447 | € 289,867 | ▲ 11% |
Key figures of THE ERS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to THE ERS?
What happened at THE ERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: loss of € 32,179. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 45,384 loss in 2021 to € 37,845 profit in 2024.
Paid € 367 in corporate taxes since 2021.
Best year ever: 2024, with € 37,845 profit.
A new publication or filing at THE ERS? 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
Establishments
Establishment units
Physical locations of this company
Zuidstraat 65
1000 Brussel
Kolenmarkt 57
1000 Brussel
Active since 23 September 2019
Villersstraat 2
1000 Brussel
Active since 23 September 2019
Lievevrouwbroersstraat 8 box A
1000 Brussel
Active since 1 October 2021
Zuidstraat 90
1000 Brussel
Active since 1 October 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0691.871.504
- VAT number
- BE 0691.871.504
- Registered office
- Zuidstraat 65, 1000 Brussel
- Names & denominations
- THE ERS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 March 2018
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
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