E & E Management
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 2 days after the deadline Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00036461.
Annual accounts 2025 filed on 02-02-2026 PDF all 12 filings
Equity
-€83,396▼ 14.9%
2024 · -€72,563
Total assets
€1,980▼ 61.6%
2024 · €5,152
Net result
-€10,833▲ 6.0%
2024 · -€11,525
Working capital
-€83,396▼ 14.9%
2024 · -€72,563
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€10,683
▲ 6.3%
2025
20192025
Net result
-€10,833
▲ 6.0%
2025
lowest quarter of the sector
20192025
Equity
-€83,396
▼ 14.9%
2025
lowest quarter of the sector
20192025
Total assets
€1,980
▼ 61.6%
2025
lowest quarter of the sector
20192025
Debt
€85,376
▲ 9.9%
2025
20192025
Working capital
-€83,396
▼ 14.9%
2025
lowest quarter of the sector
20192025
Solvency
no figure
2025
20192025
Current ratio
no figure
2025
20192025
Return on assets (ROA)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€8,601--€10,148▼ 18.0%-€2,216▲ 78.2%-€3,243▼ 46.4%-€7,999▼ 147%-€11,405▼ 42.6%-€10,683▲ 6.3%
Net result-€11,724--€1,102below the sector's middle half▲ 90.6%-€2,457below the sector's middle half▼ 123%-€3,480below the sector's middle half▼ 41.6%-€28,639below the sector's middle half▼ 723%-€11,525below the sector's middle half▲ 59.8%-€10,833below the sector's middle half▲ 6.0%
Equity-€25,360--€26,462below the sector's middle half▼ 4.3%-€28,919below the sector's middle half▼ 9.3%-€32,399below the sector's middle half▼ 12.0%-€61,038below the sector's middle half▼ 88.4%-€72,563below the sector's middle half▼ 18.9%-€83,396below the sector's middle half▼ 14.9%
Total assets€51,165-€44,091below the sector's middle half▼ 13.8%€34,511below the sector's middle half▼ 21.7%€31,067below the sector's middle half▼ 10.0%€7,173below the sector's middle half▼ 76.9%€5,152below the sector's middle half▼ 28.2%€1,980below the sector's middle half▼ 61.6%
Debt€76,525-€70,553▼ 7.8%€63,430▼ 10.1%€63,466▲ 0.1%€68,211▲ 7.5%€77,715▲ 13.9%€85,376▲ 9.9%
Working capital-€45,950--€47,012below the sector's middle half▼ 2.3%-€49,319below the sector's middle half▼ 4.9%-€52,799below the sector's middle half▼ 7.1%-€61,038below the sector's middle half▼ 15.6%-€72,563below the sector's middle half▼ 18.9%-€83,396below the sector's middle half▼ 14.9%
Solvency-49.6%--60.0%below the sector's middle half▼ 10.5pp-83.8%below the sector's middle half▼ 23.8pp-104.3%below the sector's middle half▼ 20.5pp-850.9%below the sector's middle half▼ 746.6pp
Current ratio0.40-0.33below the sector's middle half▼ 0.070.22below the sector's middle half▼ 0.110.17below the sector's middle half▼ 0.050.11below the sector's middle half▼ 0.060.07below the sector's middle half▼ 0.04
Return on assets (ROA)-22.9%--2.5%below the sector's middle half▲ 20.4pp-7.1%below the sector's middle half▼ 4.6pp-11.2%below the sector's middle half▼ 4.1pp-399.3%below the sector's middle half▼ 388.0pp-223.7%below the sector's middle half▲ 175.6pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €10,683, smaller than the loss of €11,405 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€85,376▲
2024 · €77,715
The ratios are withheld because a balance sheet total of €1,980 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,087 | €40 | - | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€5,720 | - | - | - |
| Other operating charges640/8 | - | - | - | €348 | €6,068 | €384 | €462 | ▲ 20.3% |
| Gross operating margin9900 | -€167 | -€10,056 | -€1,868 | -€2,896 | -€7,652 | -€11,020 | -€10,220 | ▲ 7.3% |
| Operating profit (loss)9901 | -€8,601 | -€10,148 | -€2,216 | -€3,243 | -€7,999 | -€11,405 | -€10,683 | ▲ 6.3% |
| Recurring financial income75 | - | €9,293 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €120 | €20,520 | €120 | €150 | ▲ 25.0% |
| Recurring financial charges65 | €2,983 | €118 | €124 | €120 | €120 | €120 | €150 | ▲ 25.0% |
| Non-recurring financial charges66B | - | - | - | - | €20,400 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€11,584 | -€972 | -€2,340 | -€3,363 | -€28,519 | -€11,525 | -€10,833 | ▲ 6.0% |
| Income taxes67/77 | €140 | €129 | €117 | €117 | €120 | - | - | - |
| Profit (loss) for the period9904 | -€11,724 | -€1,102 | -€2,457 | -€3,480 | -€28,639 | -€11,525 | -€10,833 | ▲ 6.0% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €8,409 | - |
| Profit (loss) for the period to be appropriated9905 | -€11,724 | -€1,102 | -€2,457 | -€3,480 | -€28,639 | -€11,525 | -€2,424 | ▲ 79.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €51,165 | €44,091 | €34,511 | €31,067 | €7,173 | €5,152 | €1,980 | ▼ 61.6% |
| Fixed assets21/28 | €20,590 | €20,550 | €20,400 | €20,400 | - | - | - | - |
| Tangible fixed assets22/27 | €40 | - | - | - | - | - | - | - |
| Financial fixed assets28 | €20,550 | €20,550 | €20,400 | €20,400 | - | - | - | - |
| Current assets29/58 | €30,576 | €23,541 | €14,111 | €10,667 | €7,173 | €5,152 | €1,980 | ▼ 61.6% |
| Amounts receivable within one year40/41 | €10,103 | €10,198 | €6,155 | €6,001 | €5,962 | €4,408 | €594 | ▼ 86.5% |
| Trade receivables40 | - | - | - | €5,770 | €4,538 | €3,973 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €231 | €1,425 | €435 | €594 | ▲ 36.6% |
| Cash at bank and in hand54/58 | €20,473 | €13,178 | €7,904 | €4,615 | €1,159 | €690 | €1,330 | ▲ 92.8% |
| Deferred charges and accrued income490/1 | - | - | - | €51 | €51 | €54 | €56 | ▲ 2.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €51,165 | €44,091 | €34,511 | €31,067 | €7,173 | €5,152 | €1,980 | ▼ 61.6% |
| Equity10/15 | -€25,360 | -€26,462 | -€28,919 | -€32,399 | -€61,038 | -€72,563 | -€83,396 | ▼ 14.9% |
| Contributions10/11 | €38,600 | €38,600 | - | €38,600 | €38,600 | €38,600 | €38,600 | = |
| Contributions outside capital11 | - | - | - | €38,600 | €38,600 | €38,600 | - | - |
| Other1109/19 | - | - | - | €38,600 | €38,600 | €38,600 | - | - |
| Reserves13 | €42,269 | €42,269 | €42,269 | €42,269 | €42,269 | €42,269 | €33,860 | ▼ 19.9% |
| Non-distributable reserves130/1 | - | - | - | €3,860 | €3,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €3,860 | €3,860 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €8,409 | €8,409 | €8,409 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €30,000 | €30,000 | €33,860 | €33,860 | = |
| Profit (loss) carried forward14 | -€106,229 | -€107,331 | -€109,788 | -€113,268 | -€141,907 | -€153,432 | -€155,856 | ▼ 1.6% |
| Amounts payable17/49 | €76,525 | €70,553 | €63,430 | €63,466 | €68,211 | €77,715 | €85,376 | ▲ 9.9% |
| Amounts payable within one year42/48 | €76,525 | €70,553 | €63,430 | €63,466 | €68,211 | €77,715 | €85,376 | ▲ 9.9% |
| Trade debts44 | €14 | €3,618 | €265 | €301 | €1,942 | €2,722 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €301 | €1,942 | €2,722 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €117 | €237 | - | - | - |
| Taxes450/3 | - | - | - | €117 | €237 | - | - | - |
| Other amounts payable47/48 | - | - | - | €63,048 | €66,033 | €74,993 | €85,376 | ▲ 13.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,724 | -€1,102 | -€2,457 | -€3,480 | -€28,639 | -€11,525 | -€10,833 | ▲ 6.0% |
| + Depreciation and write-downs630 | €8,087 | €40 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€3,638 | -€1,062 | -€2,457 | -€3,480 | -€28,639 | -€11,525 | -€10,833 | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | €0 | €150 | €0 | - | - | - | - |
| Change in cash | - | -€7,295 | -€5,274 | -€3,290 | -€3,455 | -€469 | €640 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as E & E Management has now. Two years later, 85.5% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
85.5%
was still going
8.1%
stopped otherwise
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of E & E Management itself is lower: 0.2% within 12 months. It rests on far more data about E & E Management than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for E & E Management. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-02-2026 | 2026-00036461 | |
| 30-06-2024 | micro format | 13-01-2025 | 2025-00007843 | |
| 30-06-2023 | micro format | 22-12-2023 | 2023-00538938 | |
| 30-06-2022 | micro format | 19-07-2023 | 2023-00273466 | |
| 30-06-2021 | micro format | 27-01-2022 | 2022-04300019 | |
| 30-06-2020 | micro format | 12-02-2021 | 2021-05300229 | |
| 30-06-2019 | micro format | 17-01-2020 | 2020-01700236 | |
| 30-06-2018 | micro format | 15-01-2019 | 2019-01500293 | |
| 30-06-2017 | micro format | 29-01-2018 | 2018-03500473 | |
| 30-06-2016 | abbreviated format | 27-02-2017 | 2017-05500381 |