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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Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ERSHAD from Turnhout, company number BE1005926325, closed financial year 2025 with a result of € -4,138 after tax. For that financial year ERSHAD recorded a gross margin of € -3,920 and equity of € -1,691. Compared with financial year 2024, the result moved from € -53 to € -4,138. The company made a loss. 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 July 7, 2026.
€ -1,691
▼ € 4,138 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,138
▼ 7660 % more loss than in 2024
Profit after tax over the fiscal year.
€ 0
▼ € 289 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4,191.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,180
▲ € 2,479 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 550
▼ 27% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 567 | € -3,920 | ▼ € 4,488 |
| Profit after taxes | € -53 | € -4,138 | ▼ € 4,084 |
| Equity | € 2,447 | € -1,691 | ▼ € 4,138 |
| Total debts | € 2,027 | € 3,768 | ▲ 86% |
| Cash | € 290 | € 0 | ▼ € 289 |
| Retained profit | € -53 | € -4,191 | ▼ € 4,138 |
| Balance sheet total | € 4,473 | € 2,077 | ▼ 54% |
Key figures of ERSHAD, fiscal years 2024 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 ERSHAD?
What happened at ERSHAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,138. Source: NBB ↗
- New establishment in Turnhout. KBO
- Ershad Valadbeigi became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 53 loss in 2024 to € 4,138 loss in 2025.
Paid € 421 in corporate taxes since 2024.
Management
Behind ERSHAD is Ershad Valadbeigi.
Directors
According to the 2025 annual accounts
Ershad Valadbeigi
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Hannuitstraat 48 box 1
2300 Turnhout
de Merodelei 34 box 6
2300 Turnhout
Active since 12 February 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1005.926.325
- VAT number
- BE 1005.926.325
- Registered office
- Hannuitstraat 48 bus 1, 2300 Turnhout
- Names & denominations
- ERSHAD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 2024
- Peppol
- Active · Active since 6 Oct 2025
- Activities · NACE
Groothandel in groenten en fruit, muv consumptieaardappelen
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Detailhandel in dranken, algemeen assortiment
Catering van evenementen
Overige zakelijke dienstverlening, neg