ACTIVE

ERTPAS

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Financial year 2025 · Closed on 31/12/2025

Net result297,6 k €-25,4 %over 1 year

Gross margin1,1 M €-2,2 %over 1 year

Equity567,9 k €+20,7 %over 1 year

Workforce14,1 ETP+3,7 %over 1 year

Identity

Source · BCE/KBO

ERTPAS is a Private limited company incorporated in 1983. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Izegem. It employs on average 14,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0424.153.185
Incorporation: 20/06/1983
Legal form: Private limited company
Registered office: Gentsestraat 61
8870 Izegem · FlandreSee on map
Contributed capital: 20 000,00 €
Latest accounts: 31/12/2025
Average workforce: 14,1 ETP

Activities (NACE)

47110Retail sale in non-specialised stores with food, beverages or tobacco predominating· main 47112Retail sale in non-specialised stores with food, beverages or tobacco predominating 47114Retail sale in non-specialised stores with food, beverages or tobacco predominating 52112Warehousing and storage 52114Warehousing and storage

Joint committees (5)

119
1190
1990
201
2010

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,1 M €	-2.2%	1,1 M €	-1.9%	1,2 M €	+25.3%	933,8 k €	-11.7%	1,1 M €
EBITDA	549 k €	-7.4%	593,1 k €	-10.3%	661,4 k €	+25.8%	525,6 k €	-21.6%	670,3 k €
Operating result	396,7 k €	-25.2%	530,3 k €	-5.9%	563,4 k €	+30.7%	431,2 k €	-28.4%	601,8 k €
Net result	297,6 k €	-25.4%	399,2 k €	-4.8%	419,5 k €	+25.5%	334,1 k €	-25.7%	450 k €
Balance sheet
Equity	567,9 k €	+20.7%	470,3 k €	-0.2%	471,1 k €	-18.1%	575,1 k €	-10.5%	642,3 k €
Total assets	1,6 M €	+38.9%	1,1 M €	-9.7%	1,2 M €	+0.0%	1,2 M €	+15.8%	1,1 M €
Cash	73,8 k €	+100%	36,9 k €	-72.6%	134,3 k €	+107%	64,9 k €	-29.8%	92,5 k €
Debts	980,5 k €	+53.3%	639,7 k €	-15.1%	753,6 k €	+16.3%	648,2 k €	+52.0%	426,5 k €
Other
Workforce	14,1 ETP	+3.7%	13,6 ETP	0.0%	13,6 ETP	+14.3%	11,9 ETP	0.0%	11,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AARTCO0422.039.476Represented by Vanhonsebrouck Pascal	Managing directorsince 01/10/2013Director01/10/2013 → 2019 accountsendedManager01/10/2013 → 2013 accountsended
Erwin Verniers	Managing directorsince 01/10/2013Director01/10/2013 → 2019 accountsendedManager01/10/2013 → 2013 accountsended
Petra Baeck	Managing directorsince 01/10/2013Director01/10/2013 → 2019 accountsendedManager01/10/2013 → 2013 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Edelhart DE MUYNCK	Manageruntil 31/12/2013
Kristof DE MUYNCK	Manageruntil 30/06/2013

Other companies at this address

Gentsestraat 61 8870 Izegem

Company	CBE no.
AARTCO● Active	0422.039.476
AVANTI● Active	0438.529.674
CENTRE● Active	0450.381.688
EVERCO● Active	0417.133.355
FRAICHEUR● Active	0427.927.475
GEMA● Active	0424.794.276
HERMANS DIEPENBEEK● Active	0429.821.351
MARCOM● Active	0874.932.278
MARKET TERBIEST● Active	0874.670.873
MEIRSCHAERT IMMO● Active	0400.160.038
MEUCO● Active	0422.039.575
PASCALINO● Active	0442.412.248
P.JOLY ET CIE● Active	0471.518.483
SERA● Active	0437.713.983
SHOPPING DIEPENBEEK● Active	0429.806.505
TRANSPORT V.V.S.● Active	0424.019.266
Unic Aalter● Active	0401.050.260
UNIC-MONA● Active	0414.046.280
UNIC WAASLAND● Active	0424.641.254
VARIA● Active	0416.552.444

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/07/2026	03/07/2025	20/06/2024	13/06/2023	18/07/2022	15/07/2021
General meeting	26/06/2026	24/06/2025	04/06/2024	23/05/2023	30/06/2022	22/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	24/07/2026	Dutch	PDF
Abridged model	31/12/2024	24/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	04/06/2024	20/06/2024	Dutch	PDF
Abridged model	31/12/2022	23/05/2023	13/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	18/07/2022	Dutch	PDF
Abridged model	31/12/2020	22/06/2021	15/07/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	20/06/2019	Dutch	PDF
Abridged model	31/12/2017	12/06/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	24/05/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	27/05/2014	16/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	22/05/2012	25/05/2012	Dutch	PDF
Abridged model	31/12/2010	24/05/2011	27/05/2011	Dutch	PDF
Abridged model	31/12/2009	25/05/2010	28/05/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	27/05/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	27/06/2007	13/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AARTCO0422.039.476Represented by Vanhonsebrouck Pascal	Managing directorsince 01/10/2013Director01/10/2013 → 2019 accountsendedManager01/10/2013 → 2013 accountsended
Erwin Verniers	Managing directorsince 01/10/2013Director01/10/2013 → 2019 accountsendedManager01/10/2013 → 2013 accountsended
Petra Baeck	Managing directorsince 01/10/2013Director01/10/2013 → 2019 accountsendedManager01/10/2013 → 2013 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Edelhart DE MUYNCK	Manageruntil 31/12/2013
Kristof DE MUYNCK	Manageruntil 30/06/2013

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates30/12/2020
WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2014
BENOEMING NIET-STATUTAIR ZAAKVOERDER
PDF
Mandates05/08/2013
ONTSLAG/BENOEMING ZAAKVOERDERS
PDF
Capital / shares21/10/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/07/2003
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

AARTCO

Erwin VERNIERS

Petra Baeck

Kristof DE MUYNCK

Edelhart DE MUYNCK

Marc VANHONSEBROUCK

19831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ERTPASERVECO

Gentsestraat 61, 8870 Izegem

Managing directorDirector

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Gentsestraat 61, 8870 IzegemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00328390

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ERTPASCurrent	accounts 2020 → 2025	Accounts 2025 · 2026-00328390
ERVECO	accounts 2006 → 2019	Accounts 2019 · 2020-23200410

Events

2025
Annual accounts 2025297,6 k €↓
2024
Annual accounts 2024399,2 k €↓
2023
Annual accounts 2023419,5 k €↑
2022
Annual accounts 2022334,1 k €↓
2021
Annual accounts 2021450 k €↑
2020
Name changeERTPAS
2018
Annual accounts 2018226,3 k €↑
2017
Annual accounts 2017226 k €↓
2016
Annual accounts 2016262,2 k €↓
2015
Annual accounts 2015271,2 k €↑
2014
Annual accounts 2014116,4 k €↑
2013
Annual accounts 2013-64,9 k €↑
2012
Annual accounts 2012-73,1 k €↓
2011
Annual accounts 2011-20,7 k €↑
2010
Annual accounts 2010-71,2 k €↓
2009
Annual accounts 2009-41,4 k €↓
2008
Annual accounts 20082,2 k €↓
2007
Annual accounts 200746,8 k €↓
2006
Annual accounts 200650,7 k €
20/06/1983
IncorporationPrivate limited company

ERTPAS

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events