ACTIVE

ERICARD

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

232,5 k €

+1.6% YoY

Gross margin

364,7 k €

-0.2% YoY

Equity

1,7 M €

+16.0% YoY

What does ERICARD do?

ERICARD is a Private limited company incorporated in 2003. Its registered office is in Herent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.515.594

Incorporation

05/11/2003

Legal form

Private limited company

Registered office

Termeredellelaan 10
3020 Herent · FlandreSee on map

Contributed capital

18 750,00 €

Latest accounts

30/09/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	364,7 k €	-0.2%	365,4 k €	+18.9%	307,2 k €	-2.5%	315 k €	-27.9%	437 k €	+43.0%	305,6 k €	+10.2%	277,4 k €	+6.3%	261,1 k €	+11.7%	233,8 k €	+173%	85,8 k €	-66.3%	254,3 k €	+24.9%	203,7 k €	-9.3%	224,7 k €	+18.4%	189,8 k €	-5.8%	201,5 k €	+17.0%	172,2 k €	-7.3%	185,8 k €
EBITDA	357,6 k €	-1.1%	361,8 k €	+19.4%	302,9 k €	-3.0%	312,4 k €	-28.0%	434 k €	+43.1%	303,2 k €	+10.2%	275 k €	+6.7%	257,7 k €	+11.4%	231,3 k €	+61.3%	143,4 k €	-25.3%	191,9 k €	-2.2%	196,1 k €	-12.2%	223,4 k €	+18.4%	188,6 k €	-5.8%	200,3 k €	+17.4%	170,6 k €	-7.4%	184,4 k €
Operating result	310,2 k €	-3.3%	320,7 k €	+20.5%	266,2 k €	-4.0%	277,3 k €	-28.2%	386,3 k €	+36.2%	283,7 k €	+13.6%	249,8 k €	+10.1%	226,9 k €	+13.4%	200,1 k €	+70.6%	117,3 k €	-29.1%	165,5 k €	-4.6%	173,5 k €	-13.2%	199,8 k €	+45.8%	137 k €	-21.8%	175,2 k €	+17.5%	149,1 k €	-10.1%	165,8 k €
Net result	232,5 k €	+1.6%	228,9 k €	+32.0%	173,3 k €	-6.1%	184,6 k €	-29.3%	261 k €	+44.3%	180,9 k €	+16.0%	155,9 k €	+28.4%	121,4 k €	+3.0%	117,9 k €	+108%	56,8 k €	-49.4%	112,2 k €	+3.2%	108,8 k €	-16.9%	130,9 k €	+33.3%	98,2 k €	-3.4%	101,6 k €	-5.5%	107,6 k €	+4.7%	102,8 k €
Balance sheet
Equity	1,7 M €	+16.0%	1,5 M €	+18.7%	1,2 M €	+16.5%	1,1 M €	-18.1%	1,3 M €	+76.3%	727 k €	+12.7%	645 k €	+31.9%	489,1 k €	+33.0%	367,7 k €	+47.2%	249,9 k €	-4.3%	261,1 k €	+75.4%	148,9 k €	-65.7%	434,1 k €	+43.2%	303,2 k €	-40.0%	505 k €	+20.0%	420,9 k €	+34.3%	313,3 k €
Total assets	1,8 M €	+12.2%	1,6 M €	+10.3%	1,5 M €	+11.0%	1,3 M €	-16.5%	1,6 M €	+53.9%	1 M €	+9.5%	935,1 k €	+21.0%	773 k €	+6.9%	723,1 k €	+1.7%	711 k €	-23.1%	925 k €	+11.4%	830 k €	+6.0%	783,1 k €	-9.4%	864,4 k €	+40.5%	615,4 k €	+40.0%	439,6 k €	+3.9%	423,1 k €
Cash	1,1 M €	+54.0%	721,8 k €	+14.4%	630,8 k €	+10.4%	571,2 k €	-30.3%	819,2 k €	+8.1%	757,8 k €	+4.4%	725,6 k €	+34.8%	538,2 k €	+17.6%	457,6 k €	+7.8%	424,3 k €	-31.3%	617,2 k €	+17.0%	527,7 k €	+18.6%	445 k €	-26.6%	605,9 k €	+24.1%	488,2 k €	+26.2%	386,7 k €	-0.3%	388 k €
Debts	123,1 k €	-22.8%	159,3 k €	-33.0%	237,7 k €	-9.3%	261,9 k €	-9.9%	290,5 k €	-0.8%	292,8 k €	+1.9%	287,5 k €	+2.8%	279,7 k €	-20.3%	350,7 k €	-23.6%	458,9 k €	-24.0%	603,9 k €	-11.2%	680,2 k €	+95.4%	348,1 k €	-37.9%	560,4 k €	+408%	110,4 k €	+489%	18,8 k €	-82.9%	109,8 k €

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 30/09/2025 · 1 active · 5 ended

Active mandates

Koen Erard

Director

Active

Ended mandates

Koen Erard

Director · since 01 octobre 2003

Ended

Koenraad Erard

Bestuurder · since 01 octobre 2003

Ended

Koenraad Erard

Director · since 01 octobre 2003

Ended

Koenraad Erard

Manager · since 01 octobre 2003

Ended

At this address

Other companies at this address

Company	CBE no.
Dr. Els Van Essche, Reumatologie● Active	0895.109.367

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/04/2020	01/04/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	18 months	12 months
Filing date	23/04/2026	29/04/2025	17/04/2024	04/04/2023	29/04/2022	23/11/2020
General meeting	22/04/2026	24/04/2025	16/04/2024	30/03/2023	28/04/2022	21/11/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	22/04/2026	23/04/2026	Dutch	PDF
Micro model	30/09/2024	24/04/2025	29/04/2025	Dutch	PDF
Micro model	30/09/2023	16/04/2024	17/04/2024	Dutch	PDF
Micro model	30/09/2022	30/03/2023	04/04/2023	Dutch	PDF
Micro model	30/09/2021	28/04/2022	29/04/2022	Dutch	PDF
Micro model	31/03/2020	21/11/2020	23/11/2020	Dutch	PDF
Micro model	31/03/2019	30/09/2019	29/10/2019	Dutch	PDF
Micro model	31/03/2018	28/09/2018	25/10/2018	Dutch	PDF
Micro model	31/03/2017	29/09/2017	27/10/2017	Dutch	PDF
Abridged model	31/03/2016	30/09/2016	25/10/2016	Dutch	PDF
Abridged model	31/03/2015	25/09/2015	05/10/2015	Dutch	PDF
Abridged model	31/03/2014	26/09/2014	20/10/2014	Dutch	PDF
Abridged model	31/03/2013	30/09/2013	28/10/2013	Dutch	PDF
Abridged model	31/03/2012	28/09/2012	22/10/2012	Dutch	PDF
Abridged model	31/03/2011	30/09/2011	21/10/2011	Dutch	PDF
Abridged model	31/03/2010	24/09/2010	21/10/2010	Dutch	PDF
Abridged model	31/03/2009	25/09/2009	06/10/2009	Dutch	PDF
Abridged model	31/03/2008	26/09/2008	22/10/2008	Dutch	PDF
Abridged model	31/03/2007	29/09/2007	30/11/2007	French	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 30/09/2025 · 1 active · 5 ended

Active mandates

Koen Erard

Director

Active

Ended mandates

Koen Erard

Director · since 01 octobre 2003

Ended

Koenraad Erard

Bestuurder · since 01 octobre 2003

Ended

Koenraad Erard

Director · since 01 octobre 2003

Ended

Koenraad Erard

Manager · since 01 octobre 2003

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/04/2020
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares13/04/2018
KAPITAAL - AANDELEN
PDF
Capital / shares11/04/2014
KAPITAAL - AANDELEN
PDF
Registered office22/12/2008
MAATSCHAPPELIJKE ZETEL
PDF
Other14/11/2003
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025232,5 k €↑
2024
Annual accounts 2024228,9 k €↑
2023
Annual accounts 2023173,3 k €↓
2022
Annual accounts 2022184,6 k €↓
2021
Annual accounts 2021261 k €↑
2018
Annual accounts 2018180,9 k €↑
2017
Annual accounts 2017155,9 k €↑
2016
Annual accounts 2016121,4 k €↑
2015
Annual accounts 2015117,9 k €↑
2014
Annual accounts 201456,8 k €↓
2013
Annual accounts 2013112,2 k €↑
2012
Annual accounts 2012108,8 k €↓
2011
Annual accounts 2011130,9 k €↑
2010
Annual accounts 201098,2 k €↓
2009
Annual accounts 2009101,6 k €↓
2008
Annual accounts 2008107,6 k €↑
2007
Annual accounts 2007102,8 k €
05/11/2003
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

ERICARD

Overview

What does ERICARD do?

Trend over 17 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