NORMAL SITUATION

ERSAPO

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Financial year 2025 · closed on 31/12/2025

Net result

137,8 k €

+51.6% YoY

Gross margin

142 k €

+25.6% YoY

Equity

1,1 M €

+14.7% YoY

Company — Normal situation.

Strike-off: 01 juillet 2026

What does ERSAPO do?

ERSAPO is a Public limited company incorporated in 2003.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.561.225

Incorporation

07/11/2003

Legal form

Public limited company

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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	142 k €	+25.6%	113,1 k €	-2.0%	115,4 k €	+218%	36,2 k €	-85.4%	248,6 k €	+35.0%	184,2 k €	+23.3%	149,4 k €	+11.6%	133,9 k €	-13.5%	154,8 k €	+3.3%	149,8 k €	+13.1%	132,4 k €	+8.2%	122,4 k €	+5.1%	116,4 k €	-8.2%	126,8 k €	+2.6%	123,6 k €	-10.6%	138,2 k €	+1.3%	136,4 k €	+12.2%	121,5 k €	-7.4%	131,3 k €
EBITDA	140,3 k €	+26.1%	111,3 k €	+26.2%	88,2 k €	+169%	32,8 k €	-86.4%	241,9 k €	+33.9%	180,7 k €	+24.0%	145,7 k €	+11.8%	130,3 k €	-13.9%	151,2 k €	+3.4%	146,3 k €	+13.5%	128,9 k €	+9.0%	118,3 k €	+4.2%	113,5 k €	-7.4%	122,6 k €	+1.6%	120,7 k €	-11.0%	135,6 k €	+2.0%	133 k €	+11.6%	119,2 k €	-7.5%	128,8 k €
Operating result	138,2 k €	+68.5%	82,1 k €	+35.0%	60,8 k €	+656%	-10,9 k €	-105%	200 k €	+32.9%	150,4 k €	+28.8%	116,8 k €	+29.9%	89,9 k €	-19.7%	112 k €	+4.3%	107,3 k €	+26.6%	84,8 k €	+15.7%	73,3 k €	+2.8%	71,3 k €	-11.2%	80,3 k €	+1.5%	79,1 k €	-14.9%	93 k €	-5.6%	98,5 k €	+9.1%	90,3 k €	-15.2%	106,4 k €
Net result	137,8 k €	+51.6%	90,9 k €	+52.4%	59,6 k €	-78.9%	282,9 k €	+110%	134,8 k €	+34.6%	100,2 k €	+41.9%	70,6 k €	+94.4%	36,3 k €	-25.6%	48,8 k €	+13.5%	43 k €	+67.3%	25,7 k €	-20.0%	32,1 k €	+142%	13,2 k €	-37.9%	21,3 k €	+246%	-14,6 k €	-175%	19,6 k €	-29.1%	27,6 k €	+32.4%	20,8 k €	-44.8%	37,7 k €
Balance sheet
Equity	1,1 M €	+14.7%	937,4 k €	+8.6%	863,6 k €	+7.4%	803,9 k €	+8.8%	739,2 k €	+15.8%	638,4 k €	+18.6%	538,3 k €	+15.1%	467,7 k €	+8.4%	431,4 k €	+12.8%	382,6 k €	+12.6%	339,6 k €	+8.2%	314 k €	+11.4%	281,9 k €	-2.3%	288,4 k €	+8.0%	267,1 k €	-5.2%	281,7 k €	+7.5%	262,1 k €	+11.8%	234,5 k €	+9.7%	213,7 k €
Total assets	1,1 M €	+12.6%	970,9 k €	+7.4%	904 k €	-15.1%	1,1 M €	-21.2%	1,4 M €	-0.9%	1,4 M €	+2.1%	1,3 M €	-1.4%	1,4 M €	-1.5%	1,4 M €	-2.5%	1,4 M €	-2.2%	1,4 M €	-3.2%	1,5 M €	+0.7%	1,5 M €	-3.2%	1,5 M €	-1.2%	1,5 M €	-0.4%	1,6 M €	+0.1%	1,6 M €	+3.2%	1,5 M €	+5.9%	1,4 M €
Cash	8,9 k €	+104%	4,4 k €	-96.3%	117,9 k €	-78.7%	552,7 k €	+7286%	7,5 k €	+33.3%	5,6 k €	-67.6%	17,3 k €	-2.2%	17,7 k €	+21.1%	14,6 k €	+15.2%	12,7 k €	+19.4%	10,6 k €	-41.2%	18,1 k €	-15.9%	21,5 k €	-17.8%	26,2 k €	+691%	3,3 k €	-60.8%	8,4 k €	-31.7%	12,4 k €	+101%	6,1 k €		–
Debts	15,6 k €	-48.5%	30,4 k €	-19.0%	37,5 k €	-85.4%	256,9 k €	-57.8%	608,8 k €	-15.6%	721,7 k €	-9.1%	793,5 k €	-10.2%	883,5 k €	-6.1%	940,9 k €	-8.3%	1 M €	-6.8%	1,1 M €	-6.3%	1,2 M €	-1.8%	1,2 M €	-3.5%	1,2 M €	-3.2%	1,3 M €	+0.7%	1,3 M €	-1.4%	1,3 M €	+1.7%	1,3 M €	+5.6%	1,2 M €

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

Erik Vanbeselaere

Director

Active

Saskia De Doncker

Director

Active

Ended mandates

Erik Vanbeselaere

Director · since 20 décembre 2011

Ended

Erik Yves Vanbeselaere

Director · since 20 décembre 2011 · until 20 décembre 2017

Ended

Erik Yves Vanbeselaere

Director · since 20 décembre 2011

Ended

Saskia De Doncker

Director · since 20 décembre 2011 · until 20 décembre 2017

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	20/02/2026	05/06/2025	08/07/2024	29/06/2023	02/06/2022	28/05/2021
General meeting	18/02/2026	23/05/2025	14/06/2024	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	18/02/2026	20/02/2026	Dutch	PDF
Abridged model	31/12/2024	23/05/2025	05/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	08/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	02/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	28/05/2021	Dutch	PDF
Abridged model	31/12/2019	22/05/2020	19/06/2020	Dutch	PDF
Abridged model	31/12/2018	24/05/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	22/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	15/07/2016	Dutch	PDF
Abridged model	31/12/2014	22/05/2015	21/08/2015	Dutch	PDF
Abridged model	31/12/2013	23/05/2014	27/05/2014	Dutch	PDF
Abridged model	31/12/2012	24/05/2013	28/05/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	24/08/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	12/08/2010	Dutch	PDF
Abridged model	31/12/2008	28/05/2009	29/05/2009	Dutch	PDF
Abridged model	31/12/2007	13/06/2008	11/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 14 ended

Active mandates

Erik Vanbeselaere

Director

Active

Saskia De Doncker

Director

Active

Ended mandates

Erik Vanbeselaere

Director · since 20 décembre 2011

Ended

Erik Yves Vanbeselaere

Director · since 20 décembre 2011 · until 20 décembre 2017

Ended

Erik Yves Vanbeselaere

Director · since 20 décembre 2011

Ended

Saskia De Doncker

Director · since 20 décembre 2011 · until 20 décembre 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution07/07/2026
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
PDF
Mandates22/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/09/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/05/2022
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 2025137,8 k €↑
2024
Annual accounts 202490,9 k €↑
2023
Annual accounts 202359,6 k €↓
2022
Annual accounts 2022282,9 k €↑
2021
Annual accounts 2021134,8 k €↑
2020
Annual accounts 2020100,2 k €↑
2019
Annual accounts 201970,6 k €↑
2018
Annual accounts 201836,3 k €↓
2017
Annual accounts 201748,8 k €↑
2016
Annual accounts 201643 k €↑
2015
Annual accounts 201525,7 k €↓
2014
Annual accounts 201432,1 k €↑
2013
Annual accounts 201313,2 k €↓
2012
Annual accounts 201221,3 k €↑
2011
Annual accounts 2011-14,6 k €↓
2010
Annual accounts 201019,6 k €↓
2009
Annual accounts 200927,6 k €↑
2008
Annual accounts 200820,8 k €↓
2007
Annual accounts 200737,7 k €
07/11/2003
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

ERSAPO

Overview

What does ERSAPO do?

Trend over 19 financial years

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