ACTIVE

ERBA

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Financial year 2025 · closed on 31/12/2025

Net result

428,3 k €

+6.2% YoY

Gross margin

3,9 M €

+7.0% YoY

Equity

3,3 M €

+4.2% YoY

Workforce

41,4 ETP

-3.7% YoY

What does ERBA do?

ERBA is a Public limited company incorporated in 1994. Its main activity is: Joinery installation. Its registered office is in Heist-op-den-Berg. It employs on average 41,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.961.602

Incorporation

07/01/1994

Legal form

Public limited company

Registered office

Heist-Goorstraat 30
2220 Heist-op-den-Berg · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

41,4 ETP

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	3,9 M €	+7.0%	3,6 M €	-5.9%	3,9 M €	+5.8%	3,6 M €	+11.7%	3,3 M €	-6.9%	3,5 M €	+11.3%	3,2 M €	+9.3%	2,9 M €	+6.4%	2,7 M €	+17.2%	2,3 M €	+25.5%	1,8 M €	+4.3%	1,8 M €	+32.2%	1,3 M €	+0.2%	1,3 M €	-7.4%	1,4 M €	+27.7%	1,1 M €	+16.9%	965 k €	+33.4%	723,2 k €	+40.8%	513,5 k €
EBITDA	785,1 k €	+9.3%	718,1 k €	-32.2%	1,1 M €	-5.8%	1,1 M €	+48.4%	758,3 k €	-30.7%	1,1 M €	+72.4%	634,7 k €	-18.0%	773,9 k €	+24.5%	621,7 k €	+2.4%	606,9 k €	+10.5%	549 k €	-18.7%	675,5 k €	+52.8%	442,1 k €	+0.7%	438,9 k €	-26.1%	593,8 k €	+43.4%	413,9 k €	-12.7%	474,2 k €	+60.3%	295,8 k €	+63.1%	181,4 k €
Operating result	542,4 k €	+11.2%	487,7 k €	-43.5%	863,1 k €	-11.0%	970 k €	+60.1%	605,9 k €	-35.5%	939,2 k €	+107%	452,9 k €	-23.6%	592,6 k €	+20.2%	493 k €	+3.1%	478,1 k €	+4.5%	457,4 k €	-23.4%	597 k €	+84.3%	323,9 k €	-1.6%	329,2 k €	-30.4%	472,9 k €	+66.0%	284,9 k €	-20.6%	358,7 k €	+63.5%	219,4 k €	+76.9%	124 k €
Net result	428,3 k €	+6.2%	403,1 k €	-36.5%	635,1 k €	-12.9%	729,5 k €	+60.4%	454,8 k €	-25.7%	612,2 k €	+107%	295,6 k €	-27.2%	406,2 k €	+20.2%	338 k €	+14.6%	295 k €	+9.3%	269,8 k €	-29.6%	383,1 k €	+72.3%	222,3 k €	+3.1%	215,7 k €	-29.3%	305 k €	+79.3%	170,1 k €	-23.9%	223,7 k €	+67.9%	133,2 k €	+51.9%	87,7 k €
Balance sheet
Equity	3,3 M €	+4.2%	3,2 M €	-0.1%	3,2 M €	+26.7%	2,5 M €	+20.6%	2,1 M €	-14.2%	2,5 M €	+15.5%	2,1 M €	+16.1%	1,8 M €	+28.5%	1,4 M €	-29.0%	2 M €	+17.3%	1,7 M €	+11.0%	1,5 M €	+22.5%	1,3 M €	+5.2%	1,2 M €	+10.7%	1,1 M €	+23.4%	874,2 k €	+12.9%	774,1 k €	+40.0%	552,8 k €	+31.0%	422 k €
Total assets	4 M €	+0.1%	4 M €	-3.0%	4,1 M €	+13.2%	3,6 M €	+24.4%	2,9 M €	-26.8%	4 M €	+7.2%	3,7 M €	+12.1%	3,3 M €	+2.9%	3,2 M €	+5.5%	3 M €	+18.9%	2,6 M €	+4.5%	2,5 M €	+16.9%	2,1 M €	+0.5%	2,1 M €	-25.7%	2,8 M €	+32.6%	2,1 M €	+6.8%	2 M €	+14.8%	1,7 M €	+65.9%	1 M €
Cash	2,2 M €	+191%	770,3 k €	+13.6%	678,3 k €	-45.0%	1,2 M €	+13.6%	1,1 M €	-30.8%	1,6 M €	+100%	783,3 k €	+63.8%	478,1 k €	-26.9%	654 k €	+22.6%	533,3 k €	-42.6%	928,9 k €	+17.9%	787,8 k €	+72.5%	456,6 k €	-1.1%	461,7 k €	-63.0%	1,2 M €	+139%	522 k €	-0.2%	523,1 k €	+19.9%	436,4 k €	+40.2%	311,3 k €
Debts	608,4 k €	-13.6%	704 k €	-11.1%	792,2 k €	-23.6%	1 M €	+33.4%	777,2 k €	-46.6%	1,5 M €	-7.5%	1,6 M €	+7.2%	1,5 M €	-17.6%	1,8 M €	+71.6%	1 M €	+22.0%	852,3 k €	-6.6%	912,2 k €	+8.5%	840,7 k €	-5.7%	891,3 k €	-47.3%	1,7 M €	+40.2%	1,2 M €	+3.0%	1,2 M €	+3.1%	1,1 M €	+83.7%	618,6 k €
Other
Workforce	41,4 ETP	-3.7%	43,0 ETP	+2.6%	41,9 ETP	-0.2%	42,0 ETP	-5.6%	44,5 ETP	+1.4%	43,9 ETP	+3.5%	42,4 ETP	+13.4%	37,4 ETP	+5.9%	35,3 ETP	+18.5%	29,8 ETP	+26.3%	23,6 ETP	+4.4%	22,6 ETP	+32.9%	17,0 ETP	-11.9%	19,3 ETP	+18.4%	16,3 ETP	-5.8%	17,3 ETP	+66.3%	10,4 ETP	+23.8%	8,4 ETP	+10.5%	7,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 13 ended

Active mandates

Erik Baetens

Director

Active

Jeff Baetens

Director

Active

Ended mandates

Erik Jozef M Baetens

Director · since 07 janvier 1994

Ended

Erik Jozef M Baetens

Manager · since 07 janvier 1994

Ended

Christiane Juliana M Vanheule

Director

Ended

Christiane Juliana M Vanheule

Manager

Ended

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	13/07/2026	07/05/2025	09/07/2024	13/07/2023	28/07/2022	30/07/2021
General meeting	15/06/2026	12/04/2025	11/06/2024	13/06/2023	14/06/2022	14/06/2021
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	15/06/2026	13/07/2026	Dutch	PDF
Abridged model	31/12/2024	12/04/2025	07/05/2025	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	09/07/2024	Dutch	PDF
Abridged model	31/12/2022	13/06/2023	13/07/2023	Dutch	PDF
Abridged model	31/12/2021	14/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	23/06/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	14/06/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	04/07/2018	Dutch	PDF
Abridged model	31/12/2016	12/06/2017	28/06/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	01/07/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	12/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	11/06/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	01/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	17/06/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	13/05/2008	19/05/2008	Dutch	PDF
Abridged model	31/12/2006	12/03/2007	30/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 2 active · 13 ended

Active mandates

Erik Baetens

Director

Active

Jeff Baetens

Director

Active

Ended mandates

Erik Jozef M Baetens

Director · since 07 janvier 1994

Ended

Erik Jozef M Baetens

Manager · since 07 janvier 1994

Ended

Christiane Juliana M Vanheule

Director

Ended

Christiane Juliana M Vanheule

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/01/2021
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Capital / shares08/01/2018
KAPITAAL - AANDELEN
PDF
Mandates12/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office25/09/2008
MAATSCHAPPELIJKE ZETEL
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 2025428,3 k €↑
2024
Annual accounts 2024403,1 k €↓
2023
Annual accounts 2023635,1 k €↓
2023
Name changeErba
2022
Annual accounts 2022729,5 k €↑
2021
Annual accounts 2021454,8 k €↓
2020
Annual accounts 2020612,2 k €↑
2019
Annual accounts 2019295,6 k €↓
2018
Annual accounts 2018406,2 k €↑
2017
Annual accounts 2017338 k €↑
2016
Annual accounts 2016295 k €↑
2015
Annual accounts 2015269,8 k €↓
2014
Annual accounts 2014383,1 k €↑
2013
Annual accounts 2013222,3 k €↑
2012
Annual accounts 2012215,7 k €↓
2011
Annual accounts 2011305 k €↑
2010
Annual accounts 2010170,1 k €↓
2009
Annual accounts 2009223,7 k €↑
2008
Annual accounts 2008133,2 k €↑
2007
Annual accounts 200787,7 k €
2007
Name changeKUNSTSTOFWERKEN ERBA
07/01/1994
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

ERBA

Overview

What does ERBA do?

Trend over 19 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