ACTIVE

ERTPAS

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Financial year 2025 · closed on 31/12/2025

Net result

297,6 k €

-25.4% YoY

Gross margin

1,1 M €

-2.2% YoY

Equity

567,9 k €

+20.7% YoY

Workforce

14,1 ETP

+3.7% YoY

What does ERTPAS do?

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 equityLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
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 €	+51.3%	698,8 k €	+2.1%	684,5 k €	-1.8%	696,9 k €	+14.9%	606,6 k €	+66.0%	365,3 k €	-2.5%	374,7 k €	+3.5%	362 k €	-9.3%	399,1 k €	+23.3%	323,6 k €	-5.7%	343,1 k €	-8.4%	374,6 k €	-7.7%	405,7 k €	+7.4%	377,8 k €
EBITDA	549 k €	-7.4%	593,1 k €	-10.3%	661,4 k €	+25.8%	525,6 k €	-21.6%	670,3 k €	+66.6%	402,3 k €	-1.9%	410,1 k €	-1.3%	415,6 k €	+17.2%	354,7 k €	+649%	47,4 k €	+273%	-27,4 k €	+17.5%	-33,2 k €	-251%	22 k €	+181%	-27,3 k €	-4175%	669,6 €	-97.9%	31,2 k €	-63.9%	86,5 k €	-9.3%	95,4 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 €	+93.7%	310,7 k €	-1.7%	316,1 k €	-0.8%	318,5 k €	+17.2%	271,7 k €	+892%	-34,3 k €	+46.5%	-64,1 k €	+13.1%	-73,8 k €	-213%	-23,6 k €	+67.5%	-72,6 k €	-68.0%	-43,2 k €	-387%	-8,9 k €	-123%	37,9 k €	-14.8%	44,5 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 €	+98.8%	226,3 k €	+0.1%	226 k €	-13.8%	262,2 k €	-3.3%	271,2 k €	+133%	116,4 k €	+279%	-64,9 k €	+11.3%	-73,1 k €	-254%	-20,7 k €	+71.0%	-71,2 k €	-72.1%	-41,4 k €	-1946%	2,2 k €	-95.2%	46,8 k €	-7.8%	50,7 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 €	+44.8%	443,4 k €	+6.0%	418,4 k €	-34.0%	633,7 k €	+23.6%	512,8 k €	+21.2%	422,9 k €	+43.4%	294,9 k €	-18.0%	359,7 k €	-16.9%	432,9 k €	-4.6%	453,5 k €	-13.6%	524,7 k €	-7.3%	566,1 k €	+0.4%	563,9 k €	+9.0%	517,1 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 €	+27.5%	838 k €	-22.7%	1,1 M €	+11.9%	968,4 k €	+11.9%	865,4 k €	-15.1%	1 M €	+95.5%	521,5 k €	-22.1%	669,3 k €	-5.4%	707,3 k €	+2.9%	687,1 k €	-4.8%	721,7 k €	-4.9%	758,9 k €	-0.5%	762,4 k €	-4.7%	800,2 k €
Cash	73,8 k €	+100%	36,9 k €	-72.6%	134,3 k €	+107%	64,9 k €	-29.8%	92,5 k €	+113%	43,4 k €	-68.2%	136,5 k €	+16.7%	117 k €	+261%	32,4 k €	-76.6%	138,5 k €	+239%	40,9 k €	-54.3%	89,4 k €	+28.4%	69,6 k €	+23.7%	56,3 k €	-23.6%	73,7 k €	+35.9%	54,2 k €	-52.9%	115,2 k €	-16.4%	137,8 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 €	+8.1%	394,6 k €	-40.3%	660,8 k €	+97.4%	334,6 k €	-3.9%	348,3 k €	-41.6%	596,7 k €	+164%	226 k €	-27.0%	309,6 k €	+12.8%	274,4 k €	+17.6%	233,4 k €	+18.5%	196,9 k €	+2.2%	192,7 k €	-2.9%	198,5 k €	-29.9%	283,1 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	+25.3%	9,5 ETP	+10.5%	8,6 ETP	+1.2%	8,5 ETP	+7.6%	7,9 ETP	-10.2%	8,8 ETP	-24.1%	11,6 ETP	+3.6%	11,2 ETP	-5.1%	11,8 ETP	+7.3%	11,0 ETP	-6.0%	11,7 ETP	+2.6%	11,4 ETP	+3.6%	11,0 ETP	+5.8%	10,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 19 ended

Active mandates

AARTCO

Managing director · 0422.039.476

Represented by Pascal Vanhonsebrouck

Active

Erwin VERNIERS

Managing director

Active

Petra Baeck

Managing director

Active

Ended mandates

AARTCO

Director · since 01 octobre 2013 · 0422.039.476

Represented by Vanhonsebrouck Pascal

Ended

AARTCO

Managing director · since 01 octobre 2013 · 0422.039.476

Represented by Pascal Vanhonsebrouck

Ended

AARTCO

Manager · since 01 octobre 2013 · 0422.039.476

Represented by Pascal Vanhonsebrouck

Ended

Erwin Verniers

Director · since 01 octobre 2013

Ended

At this address

Other companies at this address

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

Annual accounts

Full financial information

	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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

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

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 19 ended

Active mandates

AARTCO

Managing director · 0422.039.476

Represented by Pascal Vanhonsebrouck

Active

Erwin VERNIERS

Managing director

Active

Petra Baeck

Managing director

Active

Ended mandates

AARTCO

Director · since 01 octobre 2013 · 0422.039.476

Represented by Vanhonsebrouck Pascal

Ended

AARTCO

Managing director · since 01 octobre 2013 · 0422.039.476

Represented by Pascal Vanhonsebrouck

Ended

AARTCO

Manager · since 01 octobre 2013 · 0422.039.476

Represented by Pascal Vanhonsebrouck

Ended

Erwin Verniers

Director · since 01 octobre 2013

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

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

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

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 €
2006
Name changeERVECO
20/06/1983
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ERTPAS

Overview

What does ERTPAS do?

Trend over 18 financial years

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