ACTIVE

ERGES

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Financial year 2025 · closed on 31/12/2025

Net result

2,1 k €

+110.6% YoY

Revenue

59,1 k €

+12.9% YoY

Equity

426,8 k €

+36.4% YoY

What does ERGES do?

ERGES is a Public limited company incorporated in 1990. Its main activity is: Hotels and similar accommodation. Its registered office is in Ternat.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.879.846

Incorporation

20/06/1990

Legal form

Public limited company

Registered office

Baron Liebaertstraat 7
1740 Ternat · FlandreSee on map

Contributed capital

464 509,68 €

Latest accounts

31/12/2025

Activities (NACE)

55100Hotels and similar accommodation· main 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	59,1 k €	+12.9%	52,4 k €	-28.0%	72,7 k €	-0.6%	73,2 k €	+7.6%	68 k €	+13.6%	59,9 k €	-16.0%	71,3 k €	+0.8%	70,8 k €	-3.0%	72,9 k €	+12.1%	65,1 k €	-0.4%	65,4 k €	-9.3%	72 k €	+4.6%	68,9 k €	-1.0%	69,6 k €	+6.8%	65,1 k €	+2.6%	63,5 k €	-6.8%	68,1 k €	+204%	22,4 k €	-2.2%	22,9 k €	+24.6%	18,4 k €
EBITDA	26,5 k €	+209%	8,6 k €	-78.5%	40 k €	-7.3%	43,1 k €	+13.8%	37,9 k €	+12.6%	33,6 k €	-4.2%	35,1 k €	-25.8%	47,4 k €	-3.8%	49,2 k €	+11.4%	44,2 k €	+5.5%	41,9 k €	-17.6%	50,8 k €	+9.1%	46,6 k €	-2.0%	47,5 k €	+5.5%	45,1 k €	-0.4%	45,3 k €	+4.6%	43,3 k €	+692%	5,5 k €	-6.0%	5,8 k €	+114%	2,7 k €
Operating result	1,1 k €	+106%	-19,6 k €	-376%	7,1 k €	-13.2%	8,2 k €	+374%	1,7 k €	+742%	-269 €	-116%	1,7 k €	-75.3%	6,9 k €	+141%	-16,6 k €	+17.1%	-20 k €	+11.2%	-22,5 k €	-107%	-10,9 k €	-50.3%	-7,2 k €	+34.7%	-11,1 k €	+26.0%	-15 k €	-6.1%	-14,1 k €	+9.1%	-15,5 k €	+69.5%	-50,9 k €	-178%	-18,3 k €	-3.1%	-17,7 k €
Net result	2,1 k €	+111%	-19,9 k €	-447%	5,7 k €	-18.4%	7 k €	-18.1%	8,6 k €	+30.1%	6,6 k €	-22.9%	8,5 k €	-37.8%	13,7 k €	+241%	-9,7 k €	+25.9%	-13,1 k €	+16.1%	-15,7 k €	-295%	-4 k €	-1623%	-230 €	+94.1%	-3,9 k €	+74.1%	-14,9 k €	-11.3%	-13,4 k €	+6.4%	-14,3 k €	+65.0%	-41 k €	-1087%	4,1 k €	-98.6%	294,6 k €
Balance sheet
Equity	426,8 k €	+36.4%	312,9 k €	-6.0%	332,8 k €	+1.8%	327,1 k €	+2.2%	320 k €	+2.7%	311,5 k €	+2.2%	304,9 k €	+2.9%	296,4 k €	+4.9%	282,6 k €	-3.3%	292,4 k €	-4.3%	305,5 k €	-4.9%	321,2 k €	-1.2%	325,1 k €	-0.1%	325,4 k €	+7.9%	301,4 k €	-4.7%	316,4 k €	-72.5%	1,1 M €	-1.2%	1,2 M €	+30.1%	895 k €	+0.5%	890,9 k €
Total assets	467,4 k €	-10.5%	522,5 k €	-7.3%	563,5 k €	-2.7%	579,1 k €	-2.1%	591,7 k €	-2.6%	607,5 k €	-3.2%	627,5 k €	-3.1%	647,9 k €	-3.7%	672,6 k €	-5.1%	708,9 k €	-6.3%	756,9 k €	-4.3%	790,7 k €	-4.4%	826,9 k €	-3.8%	859,2 k €	-4.7%	901,9 k €	-4.6%	945,2 k €	-28.0%	1,3 M €	-1.1%	1,3 M €	+25.8%	1,1 M €	+0.4%	1,1 M €
Cash	6,8 k €	-81.4%	36,3 k €	-26.1%	49,1 k €	+6.6%	46,1 k €	+37.1%	33,6 k €	-20.8%	42,4 k €	+8.3%	39,2 k €	+28.2%	30,6 k €	+76.9%	17,3 k €	+340%	3,9 k €	-60.4%	9,9 k €	+48.9%	6,6 k €	-84.8%	43,8 k €	-23.5%	57,3 k €	-9.6%	63,4 k €	+19.0%	53,3 k €	-83.9%	331,6 k €	+0.3%	330,5 k €	-36.2%	518,4 k €	-2.0%	529,1 k €
Debts	7,4 k €	-95.6%	169 k €	-7.7%	183,2 k €	-7.3%	197,6 k €	-6.2%	210,6 k €	-7.7%	228,1 k €	-7.9%	247,7 k €	-8.1%	269,7 k €	-10.5%	301,2 k €	-6.1%	320,8 k €	-8.0%	348,7 k €	-3.1%	359,9 k €	-6.6%	385,2 k €	-6.1%	410,3 k €	-7.2%	442,1 k €	-6.0%	470,5 k €	+11881%	3,9 k €	-6.3%	4,2 k €	+307%	1 k €	+1.0%	1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

CHARIOT IMMOBILIER & ADMINISTRATION

Mandate · 0634.717.025

Active

Dr Anette Bretz

Mandate · 0875.462.612

Active

Ended mandates

Alexia Renders

Mandate

Ended

Anne-Michele Renders

Chairman of the board of directors

Ended

Michel Renders

Mandate

Ended

Michel RENDERS

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro 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	30/08/2026	16/07/2025	05/08/2024	29/08/2023	16/08/2022	31/08/2021
General meeting	06/05/2026	31/05/2025	17/05/2024	10/05/2023	11/05/2022	12/05/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	06/05/2026	30/08/2026	Dutch	PDF
Abridged model	31/12/2024	31/05/2025	16/07/2025	French	PDF
Abridged model	31/12/2023	17/05/2024	05/08/2024	French	PDF
Abridged model	31/12/2022	10/05/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	11/05/2022	16/08/2022	French	PDF
Abridged model	31/12/2020	12/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	23/06/2020	18/08/2020	French	PDF
Abridged model	31/12/2018	23/06/2019	26/08/2019	French	PDF
Abridged model	31/12/2017	21/06/2018	28/08/2018	French	PDF
Abridged model	31/12/2016	22/06/2017	25/08/2017	French	PDF
Abridged model	31/12/2015	23/06/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	25/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	26/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	27/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	28/08/2012	French	PDF
Abridged model	31/12/2010	27/06/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	28/06/2010	21/08/2010	French	PDF
Abridged model	31/12/2008	22/06/2009	31/07/2009	French	PDF
Abridged model	31/12/2007	23/06/2008	07/08/2008	French	PDF
Abridged model	31/12/2006	19/07/2007	26/07/2007	French	PDF
Abridged model	31/12/2005	12/08/2006	18/04/2007	French	PDF
Abridged model	31/12/2004	10/05/2005	18/04/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 2 active · 7 ended

Active mandates

CHARIOT IMMOBILIER & ADMINISTRATION

Mandate · 0634.717.025

Active

Dr Anette Bretz

Mandate · 0875.462.612

Active

Ended mandates

Alexia Renders

Mandate

Ended

Anne-Michele Renders

Chairman of the board of directors

Ended

Michel Renders

Mandate

Ended

Michel RENDERS

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/06/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates13/05/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - SIEGE SOCIAL - DIVERS - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Restructuring06/03/2026
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates16/02/2026
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares27/11/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates17/02/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates03/08/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2017
DEMISSIONS, NOMINATIONS
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 20252,1 k €↑
2025
Name changeERGES
2024
Annual accounts 2024-19,9 k €↓
2023
Annual accounts 20235,7 k €↓
2022
Annual accounts 20227 k €↓
2021
Annual accounts 20218,6 k €↑
2020
Annual accounts 20206,6 k €↓
2019
Annual accounts 20198,5 k €↓
2018
Annual accounts 201813,7 k €↑
2017
Annual accounts 2017-9,7 k €↑
2016
Annual accounts 2016-13,1 k €↑
2015
Annual accounts 2015-15,7 k €↓
2014
Annual accounts 2014-4 k €↓
2013
Annual accounts 2013-230 €↑
2012
Annual accounts 2012-3,9 k €↑
2011
Annual accounts 2011-14,9 k €↓
2010
Annual accounts 2010-13,4 k €↑
2009
Annual accounts 2009-14,3 k €↑
2008
Annual accounts 2008-41 k €↓
2007
Annual accounts 20074,1 k €↓
2006
Annual accounts 2006294,6 k €
2006
Name changeERGES CONSULT
20/06/1990
IncorporationPublic 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

ERGES

Overview

What does ERGES do?

Trend over 20 financial years

Indicative valuation

Board of directors

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