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E&M 4 PROJECTS

Active
Private limited companyfounded 200917 yrs activeDreef 68, 1703 Dilbeek, BelgiumKBO/BCE: BE 0818.803.922
Summary

E&M 4 PROJECTS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €339,824 and a net result of €17,347. Equity is growing by ~9.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2026
Axes · tick = 2025
Profitability71▼-6
Solvency65▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.03 in 2025; short-term debt: 59.1% and cash: 2.4% of total assets), and 59.8% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026
Solvency, return and age of the figures
Solvency
40.2%
Return on assets
2.1%
Age of the figures
6 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 17 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-09-2026, 40 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
40 d early
2025
43 d early
2024
44 d early
2023
41 d early
2022
3 d early
2021
11 d early
2020
8 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 27 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 20 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

E&M 4 PROJECTS was incorporated on 23 September 2009.1 Total assets fell from EUR 1.2 million in 2019 to EUR 844,384 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2026

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Financials · fiscal year 2026, micro schema

Equity
€339,824▲ 5.4%
2025 · €322,477
Total assets
€844,384▼ 3.2%
2025 · €872,155
Net result
€17,347▼ 70.8%
2025 · €59,381
Working capital
-€478,370▲ 9.3%
2025 · -€527,227
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20222023202420252026
Operating result€28,742▲ 317%€1,877▼ 93.5%€22,657▲ 1,107%€59,613▲ 163%€23,434▼ 60.7%
Net result€28,695▲ 319%€1,838▼ 93.6%€22,614▲ 1,130%€59,381▲ 163%€17,347▼ 70.8%
Equity€238,644▲ 13.7%€240,482▲ 0.8%€263,096▲ 9.4%€322,477▲ 22.6%€339,824▲ 5.4%
Total assets€968,164▼ 13.4%€929,571▼ 4.0%€924,721▼ 0.5%€872,155▼ 5.7%€844,384▼ 3.2%
Debt€729,520▼ 19.7%€689,089▼ 5.5%€661,625▼ 4.0%€549,677▼ 16.9%€504,560▼ 8.2%
Working capital-€710,407▲ 20.2%-€674,534▲ 5.0%-€621,332▲ 7.9%-€527,227▲ 15.1%-€478,370▲ 9.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2022: €28,742€28,742Net result 2022: €28,695€28,695Operating result 2023: €1,877€1,877Net result 2023: €1,838€1,838Operating result 2024: €22,657€22,657Net result 2024: €22,614€22,614Operating result 2025: €59,613€59,613Net result 2025: €59,381€59,381Operating result 2026: €23,434€23,434Net result 2026: €17,347€17,34720222023202420252026€0€20,000€40,000€60,000Operating result 2024: €22,657€22,700Net result 2024: €22,614€22,600Operating result 2025: €59,613€59,600Net result 2025: €59,381€59,400Operating result 2026: €23,434€23,400Net result 2026: €17,347€17,300202420252026
The operating result falls in 2026; 2026 is 61% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €844,384
Fixed assets €823,767 ▼ 3.7%
Current assets €20,617 ▲ 22.2%
Equity and liabilities €844,384
Equity €339,824 ▲ 5.4%
Debt €504,560 ▼ 8.2%
Debt's share of the balance-sheet total falls from 63.0% to 59.8%. Equity is higher and debt is lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€54,944▼
2025 · €91,124
Cash flow
€48,857▼
2025 · €90,892
Current ratio
0.04▲
2025 · 0.03
Debt to equity
1.48▼
2025 · 1.70
ROE
5.1%▼
2025 · 18.4%
ROA
2.1%▼
2025 · 6.8%
Interest coverage
1379.47▼
2025 · 2093.83
Debt ≤ 1 year
€498,987▼
2025 · €544,105
Income taxes
€6,047▲
2025 · €188
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.4% went bankrupt
3.6% stopped otherwise
96% still going

For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,048 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 33 lines
Balance sheet Code20252026
Assets
Total assets20/58€872,155€844,384▼
Fixed assets21/28€855,277€823,767▼
Tangible fixed assets22/27€818,150€786,640▼
Land and buildings22€800,656€772,080▼
Furniture and vehicles24€17,494€14,559▼
Financial fixed assets28€37,127€37,127=
Current assets29/58€16,878€20,617▲
Cash at bank and in hand54/58€16,702€20,436▲
Deferred charges and accrued income490/1€176€181▲
Equity and liabilities
Total equity and liabilities10/49€872,155€844,384▼
Equity10/15€322,477€339,824▲
Contributions10/11€300,000€300,000=
Profit (loss) carried forward14€22,477€39,824▲
Amounts payable17/49€549,677€504,560▼
Amounts payable within one year42/48€544,105€498,987▼
Trade debts44€562€975▲
Suppliers440/4€562€975▲
Taxes, remuneration and social security45€188€2,047▲
Taxes450/3€188€2,047▲
Other amounts payable47/48€543,354€495,965▼
Accrued charges and deferred income492/3€5,573€5,573=
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,510€31,510=
Other operating charges640/8€8,027€8,280▲
Gross operating margin9900€99,151€63,225▼
Operating profit (loss)9901€59,613€23,434▼
Financial charges65/66B€44€40▼
Recurring financial charges65€44€40▼
Profit (loss) for the period before taxes9903€59,570€23,394▼
Income taxes67/77€188€6,047▲
Profit (loss) for the period9904€59,381€17,347▼
Profit (loss) for the period to be appropriated9905€59,381€17,347▼
Appropriation of the result
Profit (loss) to be appropriated9906€22,477€39,824▲
Profit (loss) brought forward from the previous period14P-€36,904€22,477▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Non-recurring operating income76A€27,037€0----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,787€31,826€31,508€31,510€31,510=
Other operating charges640/8€7,184€7,059€7,746€8,027€8,280▲ 3.2%
Gross operating margin9900€67,713€40,762€61,910€99,151€63,225▼ 36.2%
Operating profit (loss)9901€28,742€1,877€22,657€59,613€23,434▼ 60.7%
Financial charges65/66B€46€39€43€44€40▼ 8.5%
Recurring financial charges65€46€39€43€44€40▼ 8.5%
Profit (loss) for the period before taxes9903€28,695€1,838€22,614€59,570€23,394▼ 60.7%
Income taxes67/77---€188€6,047▲ 3,109%
Profit (loss) for the period9904€28,695€1,838€22,614€59,381€17,347▼ 70.8%
Profit (loss) for the period to be appropriated9905€28,695€1,838€22,614€59,381€17,347▼ 70.8%
Line20222023202420252026Change
Assets
Total assets20/58€968,164€929,571€924,721€872,155€844,384▼ 3.2%
Fixed assets21/28€950,121€918,295€886,788€855,277€823,767▼ 3.7%
Tangible fixed assets22/27€912,994€881,168€849,660€818,150€786,640▼ 3.9%
Land and buildings22€886,695€857,805€829,232€800,656€772,080▼ 3.6%
Furniture and vehicles24€26,298€23,363€20,429€17,494€14,559▼ 16.8%
Financial fixed assets28€37,127€37,127€37,127€37,127€37,127=
Current assets29/58€18,043€11,276€37,934€16,878€20,617▲ 22.2%
Amounts receivable within one year40/41€693€136€0---
Trade receivables40€693€136€0---
Cash at bank and in hand54/58€17,202€10,995€37,769€16,702€20,436▲ 22.4%
Deferred charges and accrued income490/1€148€146€165€176€181▲ 3.2%
Equity and liabilities
Total equity and liabilities10/49€968,164€929,571€924,721€872,155€844,384▼ 3.2%
Equity10/15€238,644€240,482€263,096€322,477€339,824▲ 5.4%
Contributions10/11€300,000€300,000€300,000€300,000€300,000=
Profit (loss) carried forward14-€61,356-€59,518-€36,904€22,477€39,824▲ 77.2%
Amounts payable17/49€729,520€689,089€661,625€549,677€504,560▼ 8.2%
Amounts payable within one year42/48€728,450€685,810€659,266€544,105€498,987▼ 8.3%
Trade debts44€540€1,914€400€562€975▲ 73.5%
Suppliers440/4€540€1,914€400€562€975▲ 73.5%
Taxes, remuneration and social security45---€188€2,047▲ 986%
Taxes450/3---€188€2,047▲ 986%
Other amounts payable47/48€727,910€683,896€658,866€543,354€495,965▼ 8.7%
Accrued charges and deferred income492/3€1,070€3,279€2,359€5,573€5,573=
Line20222023202420252026Change
Profit (loss) for the period9904€28,695€1,838€22,614€59,381€17,347▼ 70.8%
+ Depreciation and write-downs630€31,787€31,826€31,508€31,510€31,510=
Operating cash flow (approximation)€60,483€33,664€54,122€90,892€48,857▼ 46.2%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€6,206€26,773-€21,067€3,734▲ 118%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-10-2027
2026
21-09
NBB filing Annual accounts filed
fiscal year 2026 · micro schema
2025
18-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial Highest result since 2019net €59,381 ▲163%
Operating result €59,613, net result €59,381, both a record.
2024
17-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
20-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial Weakest financial yearnet €1,838 ▼93.6%
Net result drops to €1,838, the lowest in the series; recovery starts the following year.
2022
28-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
20-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2020
23-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial Equity above €200,000Eq €203,094 ▲10.2%
2 profitable years in a row build equity to €203,094.
2019
09-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
21-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
03-10
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 act for this company is 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, Dilbeek · 1 establishment unit since 2009
seat establishment The establishment unit on the map
Ground area
979 m²
Building footprint
142 m²
Volume, LiDAR
859 m³
Parcel 23070A0296/00G005, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
E&M 4 PROJECTS
Dreef 68, 1703 DilbeekRenting and operating of own or leased residential real estate, excluding social housing
since 20092.183.515.233
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23070A0296/00G005 Flanders 979 m² 1 · 142 m² 9.0 m · 2 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

1 holding

Owners 0

The accounts to 31-03-2026 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 31-03-2026 of E&M 4 PROJECTS 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded23-09-2009
Fiscal year end31-03
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.