ACTIVE

ERCIYES

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Financial year 2025 · closed on 31/12/2025

Net result

-1,1 k €

+96.9% YoY

Revenue

944,9 k €

+15.8% YoY

Equity

182,2 k €

-0.6% YoY

Workforce

3,5 ETP

-12.5% YoY

What does ERCIYES do?

ERCIYES is a Private limited company incorporated in 1994. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Liège. It employs on average 3,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.531.625

Incorporation

20/05/1994

Legal form

Private limited company

Registered office

Rue de la Clinique 8
4000 Liège · WallonieSee on map

Contributed capital

21 191,01 €

Latest accounts

31/12/2025

Average workforce

3,5 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 47559Retail sale of other household equipment in specialised stores 47599Retail sale of furniture, lighting equipment and other household articles in specialised stores 52112Warehousing and storage

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	944,9 k €	+15.8%	815,9 k €	-9.1%	897,2 k €	-16.0%	1,1 M €	+17.7%	906,8 k €	+40.7%	644,6 k €	+20.7%	533,9 k €	+11.6%	478,4 k €	+9.7%	436,1 k €	-17.3%	527,2 k €	+8.3%	486,9 k €	+20.8%	403,2 k €	+24.9%	322,8 k €	+9.2%	295,5 k €	-7.8%	320,6 k €	+0.1%	320,4 k €	+10.4%	290,2 k €		–		127,1 k €
EBITDA	12,2 k €	+149%	-24,6 k €	-94.4%	-12,7 k €	-124%	52,9 k €	+20.3%	44 k €	-7.4%	47,5 k €	+63.3%	29,1 k €	+413%	-9,3 k €	-185%	10,9 k €	-61.9%	28,6 k €	+77.7%	16,1 k €	+103%	7,9 k €	+233%	2,4 k €	+2.3%	2,3 k €	-14.8%	2,7 k €	-36.9%	4,3 k €	-43.7%	7,7 k €	+511%	1,3 k €	+103%	618,5 €
Operating result	2,4 k €	+107%	-33,9 k €	-63.0%	-20,8 k €	-146%	45,1 k €	+21.5%	37,1 k €	-6.0%	39,5 k €	+63.7%	24,1 k €	+269%	-14,3 k €	-307%	6,9 k €	-74.7%	27,2 k €	+77.8%	15,3 k €	+115%	7,1 k €	+247%	2 k €	-12.0%	2,3 k €	-14.8%	2,7 k €	-36.9%	4,3 k €	-43.7%	7,7 k €	+511%	1,3 k €	+103%	618,5 €
Net result	-1,1 k €	+96.9%	-36,1 k €	-52.1%	-23,7 k €	-174%	32,1 k €	-5.5%	33,9 k €	-1.4%	34,4 k €	+60.4%	21,5 k €	+205%	-20,4 k €	-777%	3 k €	-84.9%	20 k €	+89.6%	10,5 k €	+108%	5,1 k €	+320%	1,2 k €	+9.8%	1,1 k €	-10.7%	1,2 k €	-20.5%	1,5 k €	-65.4%	4,5 k €	+761%	519 €	+312%	126,1 €
Balance sheet
Equity	182,2 k €	-0.6%	183,3 k €	-16.5%	219,4 k €	-9.8%	243,2 k €	+15.2%	211,1 k €	+100%	105,5 k €	+48.4%	71,1 k €	+43.2%	49,7 k €	-29.1%	70 k €	+4.5%	67 k €	+42.4%	47,1 k €	+28.8%	36,6 k €	+16.1%	31,5 k €	+4.0%	30,3 k €	+3.8%	29,2 k €	+4.4%	28 k €	+5.8%	26,4 k €	+20.4%	22 k €	+2.4%	21,4 k €
Total assets	272,4 k €	+3.9%	262,3 k €	-13.4%	303,1 k €	-11.0%	340,7 k €	-22.2%	437,8 k €	+91.5%	228,7 k €	+45.1%	157,6 k €	+9.1%	144,5 k €	-6.4%	154,4 k €	+42.3%	108,5 k €	-11.7%	122,9 k €	+30.8%	94 k €	+28.0%	73,4 k €	+15.6%	63,5 k €	+3.5%	61,4 k €	-19.3%	76 k €	+0.5%	75,6 k €	+18.6%	63,7 k €	+21.8%	52,3 k €
Cash	112,8 k €	+157%	43,8 k €	-42.2%	75,8 k €	-49.4%	149,8 k €	+17.7%	127,2 k €	+173%	46,6 k €	+14.5%	40,7 k €	+2.2%	39,8 k €	-6.5%	42,6 k €	+155%	16,7 k €	-8.0%	18,2 k €	+390%	3,7 k €	+214%	1,2 k €	-84.0%	7,4 k €	+405%	1,5 k €	-72.9%	5,4 k €	-43.5%	9,6 k €	+297%	2,4 k €	+890%	243,1 €
Debts	90,3 k €	+16.9%	77,2 k €	+1.8%	75,9 k €	-17.3%	91,7 k €	-57.8%	217,5 k €	+113%	102 k €	+70.5%	59,8 k €	+8.5%	55,1 k €	-34.6%	84,3 k €	+103%	41,5 k €	-45.3%	75,8 k €	+32.1%	57,4 k €	+36.9%	41,9 k €	+26.1%	33,2 k €	+3.3%	32,2 k €	-33.1%	48 k €	-2.3%	49,2 k €	+17.7%	41,8 k €	+35.3%	30,9 k €
Other
Workforce	3,5 ETP	-12.5%	4,0 ETP	+100%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP		–		–		–		–		–		0,1 ETP		–		–		–		–		–		–		–		–

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 · 3 active · 1 ended

Active mandates

BURHANETTIN TEKATLI

Mandate

Active

TEKATLI BURHANNETTIN

Mandate

Active

ZEKERIYA TEKATLI

Mandate

Active

Ended mandates

ZEKERIYA TEKALTI

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
CENTRE DENTAIRE DEMIRCI● Active	0466.149.831

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	12/06/2026	14/06/2025	01/07/2024	22/06/2023	22/06/2022	29/05/2021
General meeting	29/05/2026	30/05/2025	30/05/2024	26/05/2023	27/05/2022	28/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	12/06/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	14/06/2025	French	PDF
Abridged model	31/12/2023	30/05/2024	01/07/2024	French	PDF
Abridged model	31/12/2022	26/05/2023	22/06/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	22/06/2022	French	PDF
Micro model	31/12/2020	28/05/2021	29/05/2021	French	PDF
Micro model	31/12/2019	29/05/2020	19/06/2020	French	PDF
Micro model	31/12/2018	31/05/2019	03/06/2019	French	PDF
Micro model	31/12/2017	25/05/2018	01/06/2018	French	PDF
Micro model	31/12/2016	26/05/2017	19/06/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	07/06/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	09/06/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	03/06/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	01/06/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	31/05/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	27/06/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	01/06/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	10/06/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	16/06/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	29/05/2007	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 · 3 active · 1 ended

Active mandates

BURHANETTIN TEKATLI

Mandate

Active

TEKATLI BURHANNETTIN

Mandate

Active

ZEKERIYA TEKATLI

Mandate

Active

Ended mandates

ZEKERIYA TEKALTI

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office12/07/2006
SIEGE SOCIAL
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 2025-1,1 k €↑
2024
Annual accounts 2024-36,1 k €↓
2023
Annual accounts 2023-23,7 k €↓
2022
Annual accounts 202232,1 k €↓
2021
Annual accounts 202133,9 k €↓
2019
Annual accounts 201934,4 k €↑
2018
Annual accounts 201821,5 k €↑
2017
Annual accounts 2017-20,4 k €↓
2016
Annual accounts 20163 k €↓
2015
Annual accounts 201520 k €↑
2014
Annual accounts 201410,5 k €↑
2013
Annual accounts 20135,1 k €↑
2012
Annual accounts 20121,2 k €↑
2011
Annual accounts 20111,1 k €↓
2010
Annual accounts 20101,2 k €↓
2009
Annual accounts 20091,5 k €↓
2008
Annual accounts 20084,5 k €↑
2007
Annual accounts 2007519 €↑
2006
Annual accounts 2006126,1 €
20/05/1994
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

ERCIYES

Overview

What does ERCIYES do?

Trend over 19 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