E & M
ActiveSummary
E & M has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.3m and a net result of €119,640. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 79% of 537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+3
Solvency96=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700,000 at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.58 in 2024; short-term debt: 27.2% and cash: 3% of total assets), and 29.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Residential care activities (NACE 87)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.6%
Return on assets
0.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
121 d late
2022
31 d late
2021
74 d late
2020
67 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 27 days before the deadline, and 24% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
Name match with a sanctions list
1 entryMINES AND METALS ENGINEERING GMBHalias M.M.E.
A name match is not a finding that this company itself is on the list; check the entry at the source.
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, full schema
In the rankings
#7 company by equity in Brussels, Health and social work sector#10 company by total assets in Brussels, Health and social work sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€119,640▲ 25.9%
2024 · €94,991
Working capital
-€1.5m▲ 12.0%
2024 · -€1.7m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7.8m▲ 8,786%€105,866▼ 98.6%€157,682▲ 48.9%€155,796▼ 1.2%€180,691▲ 16.0%
Net result€8.0m▲ 13,596%-€38,673€117,281€94,991▼ 19.0%€119,640▲ 25.9%
Equity€10.5m▼ 16.1%€10.0m▼ 5.1%€10.1m▲ 0.6%€10.1m▲ 0.9%€10.3m▲ 1.2%
Total assets€22.8m▲ 76.5%€14.6m▼ 36.0%€14.2m▼ 2.5%€14.3m▲ 0.8%€14.5m▲ 1.4%
Debt€12.3m▲ 3,054%€4.6m▼ 62.5%€4.2m▼ 9.4%€4.2m▲ 0.4%€4.3m▲ 2.1%
Working capital-€1.5m-€2.0m▼ 30.7%-€1.8m▲ 7.2%-€1.7m▲ 9.6%-€1.5m▲ 12.0%
Staff (FTE)00
Why a figure moved sharply
- 2021 Net result +13,596%, Total assets +76% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.5m
Fixed assets
€12.0m =
Current assets
€2.5m ▲ 9.1%
Equity and liabilities €14.5m
Equity
€10.3m ▲ 1.2%
Debt
€4.3m ▲ 2.1%
Debt's share of the balance-sheet total rises from 29.2% to 29.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€182,265▲
2024 · €157,370
Cash flow
€121,214▲
2024 · €96,565
Current ratio
0.63▲
2024 · 0.58
Debt to equity
0.42▲
2024 · 0.41
ROE
1.2%▲
2024 · 0.9%
ROA
0.8%▲
2024 · 0.7%
Interest coverage
2.24▲
2024 · 1.82
Debt ≤ 1 year
€4.0m▲
2024 · €4.0m
Income taxes
€38,829▲
2024 · €22,020
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €7.8m | €0 | - | - | €8,469 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,756 | €1,031 | €1,574 | €1,574 | €1,574 | = |
| Other operating charges640/8 | €168 | €171 | €359 | €438 | €500 | ▲ 14.4% |
| Gross operating margin9900 | €7.9m | €107,067 | €159,615 | €157,808 | €182,765 | ▲ 15.8% |
| Operating profit (loss)9901 | €7.8m | €105,866 | €157,682 | €155,796 | €180,691 | ▲ 16.0% |
| Financial income75/76B | €332,040 | €16,799 | €65,632 | €47,667 | €59,077 | ▲ 23.9% |
| Recurring financial income75 | €332,014 | €16,799 | €20,655 | €37,489 | €59,077 | ▲ 57.6% |
| Non-recurring financial income76B | €25 | €0 | €44,976 | €10,178 | €0 | ▼ 100% |
| Financial charges65/66B | €89,448 | €151,849 | €85,892 | €86,451 | €81,298 | ▼ 6.0% |
| Recurring financial charges65 | €89,448 | €86,836 | €85,892 | €86,451 | €81,298 | ▼ 6.0% |
| Non-recurring financial charges66B | - | €65,013 | €0 | - | €1 | - |
| Profit (loss) for the period before taxes9903 | €8.1m | -€29,185 | €137,422 | €117,011 | €158,469 | ▲ 35.4% |
| Income taxes67/77 | €78,562 | €9,489 | €20,141 | €22,020 | €38,829 | ▲ 76.3% |
| Profit (loss) for the period9904 | €8.0m | -€38,673 | €117,281 | €94,991 | €119,640 | ▲ 25.9% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €37,890 | - |
| Transfer to tax-exempt reserves689 | - | - | €37,890 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €8.0m | -€38,673 | €79,391 | €94,991 | €157,530 | ▲ 65.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22.8m | €14.6m | €14.2m | €14.3m | €14.5m | ▲ 1.4% |
| Fixed assets21/28 | €12.0m | €12.0m | €12.0m | €12.0m | €12.0m | = |
| Tangible fixed assets22/27 | - | €6,840 | €5,266 | €3,692 | €2,118 | ▼ 42.6% |
| Furniture and vehicles24 | - | €6,840 | €5,266 | €3,692 | €2,118 | ▼ 42.6% |
| Financial fixed assets28 | €12.0m | €12.0m | €12.0m | €12.0m | €12.0m | = |
| Current assets29/58 | €10.8m | €2.6m | €2.2m | €2.3m | €2.5m | ▲ 9.1% |
| Amounts receivable within one year40/41 | €1.7m | €1.5m | €1.1m | €765,079 | €760,000 | ▼ 0.7% |
| Trade receivables40 | €1.7m | €1.1m | €365,198 | €842 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €370,988 | €766,570 | €764,237 | €760,000 | ▼ 0.6% |
| Current investments50/53 | €2.9m | €917,471 | €964,460 | €1.2m | €1.2m | ▲ 1.4% |
| Cash at bank and in hand54/58 | €6.1m | €108,544 | €16,692 | €273,093 | €443,466 | ▲ 62.4% |
| Deferred charges and accrued income490/1 | €44,505 | €63,920 | €73,089 | €87,644 | €114,577 | ▲ 30.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22.8m | €14.6m | €14.2m | €14.3m | €14.5m | ▲ 1.4% |
| Equity10/15 | €10.5m | €10.0m | €10.1m | €10.1m | €10.3m | ▲ 1.2% |
| Contributions10/11 | €737,886 | €868,186 | €868,186 | €868,186 | €868,186 | = |
| Capital10 | €737,886 | €868,186 | €868,186 | €868,186 | €868,186 | = |
| Issued capital100 | €737,886 | €868,186 | €868,186 | €868,186 | €868,186 | = |
| Reserves13 | €1.8m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Non-distributable reserves130/1 | €1.0m | €907,364 | €907,364 | €907,364 | €907,364 | = |
| Legal reserve130 | €1.0m | €907,364 | €907,364 | €907,364 | €907,364 | = |
| Tax-exempt reserves132 | €29,561 | €29,561 | €67,451 | €67,451 | €29,561 | ▼ 56.2% |
| Distributable reserves133 | €704,817 | €208,679 | €152,305 | €152,305 | €190,195 | ▲ 24.9% |
| Profit (loss) carried forward14 | €8.0m | €8.0m | €8.1m | €8.2m | €8.3m | ▲ 1.5% |
| Amounts payable17/49 | €12.3m | €4.6m | €4.2m | €4.2m | €4.3m | ▲ 2.1% |
| Amounts payable within one year42/48 | €12.3m | €4.5m | €4.0m | €4.0m | €4.0m | ▲ 0.2% |
| Current portion of amounts payable after more than one year42 | €120,959 | €0 | - | - | - | - |
| Trade debts44 | €1,996 | €88 | €5,474 | €1,090 | €5,963 | ▲ 447% |
| Suppliers440/4 | €1,996 | €88 | €5,474 | €1,090 | €5,963 | ▲ 447% |
| Taxes, remuneration and social security45 | €74,249 | €65,423 | €16,800 | €10,554 | €17,572 | ▲ 66.5% |
| Taxes450/3 | €70,702 | €63,023 | €14,400 | €8,154 | €17,572 | ▲ 116% |
| Remuneration and social security454/9 | €3,547 | €2,400 | €2,400 | €2,400 | €0 | ▼ 100% |
| Other amounts payable47/48 | €12.1m | €4.5m | €4.0m | €3.9m | €3.9m | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | €78,730 | €157,463 | €236,201 | €314,939 | ▲ 33.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8.0m | -€38,673 | €117,281 | €94,991 | €119,640 | ▲ 25.9% |
| + Depreciation and write-downs630 | €47,756 | €1,031 | €1,574 | €1,574 | €1,574 | = |
| Operating cash flow (approximation) | €8.0m | -€37,643 | €118,856 | €96,565 | €121,214 | ▲ 25.5% |
| Investment in fixed assets (approximation) | - | -€7,871 | €0 | €0 | -€910 | - |
| Change in cash | - | -€6.0m | -€91,852 | €256,401 | €170,373 | ▼ 33.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 121 days late
2023
31-12
Financial
Back to profitnet €117,281
Net result €117,281 after one loss-making year.
31-12
Financial
Equity above €10mEq €10.1m ▲0.6%
Equity rises from €10.0m to €10.1m.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€38,673
Net result drops to -€38,673, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 74 days late
2021
31-12
Financial
Highest result since 2018net €8.0m ▲13,596%
Operating result €7.8m, net result €8.0m, both a record.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2012
Ground area
767 m²
Building footprint
363 m²
Volume, LiDAR
5,729 m³
Parcel 21819D0145/00N006, Brussels · tallest building 20.2 m, ±6 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
E & M
since 20122.219.495.897
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819D0145/00N006 | Brussels | 767 m² | 1 · 363 m² | 20.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
3 holdings · 4 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
100%
-
100%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- CLERIM 100%
- SENIOR INN 100%
According to the 2025 annual accounts of E & M and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
875500QV22TW9E4P5U56
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Of 322 companies in sector 87101 we hold annual accounts for 235. 159 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
87101Residential care activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0508689081
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.