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 2 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 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ERSA Groupe from Genappe, company number BE1008534140, closed financial year 2025 with a result of € -75,893 after tax. For that financial year ERSA Groupe recorded a gross margin of € 200,222 and equity of € -5,771. Compared with financial year 2024, the result moved from € -33,333 to € -75,893. 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 27, 2026.
€ -5,771
▲ € 17,561 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -75,893
▼ 128 % more loss than in 2024
Profit after tax over the fiscal year.
€ 46,992
▼ 56% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -109,226.
People and assets in 2025
6.3
▲ 5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 190,600
▲ € 155,347 vs 2024
€ 30,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 98,196
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 419,723
▼ 8% vs 2024
€ 50,022 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 153,842
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,800
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 35,243 | € 200,222 | ▲ € 164,979 |
| Profit after taxes | € -33,333 | € -75,893 | ▼ € 42,560 |
| Equity | € -23,333 | € -5,771 | ▲ € 17,561 |
| Total debts | € 701,150 | € 588,366 | ▼ 16% |
| Cash | € 107,939 | € 46,992 | ▼ 56% |
| Retained profit | € -33,333 | € -109,226 | ▼ € 75,893 |
| Bank debt | € 456,642 | € 419,723 | ▼ 8% |
| Balance sheet total | € 677,817 | € 582,594 | ▼ 14% |
| Employees (FTE) | 1.3 | 6.3 | ▲ 5 |
Key figures of ERSA Groupe, 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 ERSA Groupe?
What happened at ERSA Groupe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 75,893. Source: NBB ↗
- New establishment in Brussel. KBO
- LIBERTY ASSOCIATES became a director. NBB
- Gurkan Saraç became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 33,333 loss in 2024 to € 75,893 loss in 2025.
Paid € 168 in corporate taxes since 2024.
On average € 31,800 of value added per employee in 2025.
Management
The stake of LIBERTY ASSOCIATES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ERSA GroupeBehind ERSA Groupe are LIBERTY ASSOCIATES and Gurkan Saraç. The shares are held by LIBERTY ASSOCIATES.
Directors
According to the 2025 annual accounts
since 2024
Gurkan Saraç
Director
since 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Drève des Châtaigniers 14
1470 Genappe
Hoogstraat 161
1000 Brussel
Active since 18 April 2024
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
- 1008.534.140
- VAT number
- BE 1008.534.140
- Registered office
- Drève des Châtaigniers 14, 1470 Genappe
- Names & denominations
- ERSA Groupe
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 April 2024
- Peppol
- Active · Active since 11 Jan 2026
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)