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EBY

Active
Private limited companyfounded 2013active for 13 yearsKerkplein 5, 9250 Waasmunster, BelgiumKBO/BCE: BE 0538.512.821
Summary

EBY has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94,042 and a net result of €27,735. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 82% of 156 sector peers (NACE 53, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00469123.

Equity
€94,042▲ 0.8%
2024 · €93,307
Total assets
€136,625▼ 7.8%
2024 · €148,209
Net result
€27,735▼ 30.0%
2024 · €39,638
Working capital
€88,369▲ 7.3%
2024 · €82,320
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 28% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€36,096 2025 Net result€27,735 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 53, Postal and courier activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€22,195-€16,107▼ 27.4%€23,611▲ 46.6%€33,400▲ 41.5%€38,490▲ 15.2%€28,552▼ 25.8%€49,844▲ 74.6%€36,096▼ 27.6%
Net result€18,745-€12,230▼ 34.8%€19,202above the sector's middle half▲ 57.0%€28,687above the sector's middle half▲ 49.4%€33,235above the sector's middle half▲ 15.9%€24,178above the sector's middle half▼ 27.3%€39,638above the sector's middle half▲ 63.9%€27,735within the sector's middle half▼ 30.0%
Equity€24,338-€34,068▲ 40.0%€45,770within the sector's middle half▲ 34.3%€64,457within the sector's middle half▲ 40.8%€80,992above the sector's middle half▲ 25.7%€93,169above the sector's middle half▲ 15.0%€93,307above the sector's middle half▲ 0.1%€94,042within the sector's middle half▲ 0.8%
Total assets€76,977-€70,492▼ 8.4%€84,747within the sector's middle half▲ 20.2%€87,935within the sector's middle half▲ 3.8%€126,088within the sector's middle half▲ 43.4%€133,659within the sector's middle half▲ 6.0%€148,209within the sector's middle half▲ 10.9%€136,625within the sector's middle half▼ 7.8%
Debt€52,639-€36,424▼ 30.8%€38,977▲ 7.0%€23,478▼ 39.8%€45,096▲ 92.1%€40,490▼ 10.2%€54,902▲ 35.6%€42,583▼ 22.4%
Working capital€26,455-€34,683▲ 31.1%€32,755within the sector's middle half▼ 5.6%€59,703above the sector's middle half▲ 82.3%€57,462above the sector's middle half▼ 3.8%€75,654above the sector's middle half▲ 31.7%€82,320above the sector's middle half▲ 8.8%€88,369within the sector's middle half▲ 7.3%
Solvency31.6%-48.3%▲ 16.7pp54.0%within the sector's middle half▲ 5.7pp73.3%above the sector's middle half▲ 19.3pp64.2%above the sector's middle half▼ 9.1pp69.7%above the sector's middle half▲ 5.5pp63.0%above the sector's middle half▼ 6.8pp68.8%above the sector's middle half▲ 5.9pp
Current ratio1.92-2.55▲ 0.632.20within the sector's middle half▼ 0.354.49above the sector's middle half▲ 2.292.99above the sector's middle half▼ 1.513.64above the sector's middle half▲ 0.662.75above the sector's middle half▼ 0.903.27above the sector's middle half▲ 0.52
Return on assets (ROA)24.4%-17.3%▼ 7.0pp22.7%above the sector's middle half▲ 5.3pp32.6%above the sector's middle half▲ 10.0pp26.4%above the sector's middle half▼ 6.3pp18.1%above the sector's middle half▼ 8.3pp26.7%above the sector's middle half▲ 8.7pp20.3%above the sector's middle half▼ 6.4pp
above within below the middle half of NACE 53, Postal and courier activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €136,625
Fixed assets €9,340 ▼ 50.2%
Current assets €127,285 ▼ 1.7%
Equity and liabilities €136,625
Equity €94,042 ▲ 0.8%
Debt €42,583 ▼ 22.4%
Debt's share of the balance-sheet total falls from 37.0% to 31.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€48,156▼
2024 · €61,493
Cash flow
€39,795▼
2024 · €51,288
Debt to equity
0.45▼
2024 · 0.59
ROE
29.5%▼
2024 · 42.5%
Interest coverage
44.99▼
2024 · 84.48
Debt ≤ 1 year
€38,916▼
2024 · €47,147
Debt > 1 year
€3,667▼
2024 · €7,755
Income taxes
€7,291▼
2024 · €9,478
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 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 74.5% 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 34,695 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 · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€148,209€136,625▼
Fixed assets21/28€18,743€9,340▼
Tangible fixed assets22/27€18,608€9,205▼
Furniture and vehicles24€18,608€9,205▼
Financial fixed assets28€135€135=
Current assets29/58€129,466€127,285▼
Amounts receivable after more than one year29€19,000€10,100▼
Other amounts receivable291€19,000€10,100▼
Amounts receivable within one year40/41€19,483€30,046▲
Trade receivables40€19,014€29,978▲
Other amounts receivable41€469€67▼
Current investments50/53-€8,000
Cash at bank and in hand54/58€90,983€79,140▼
Equity and liabilities
Total equity and liabilities10/49€148,209€136,625▼
Equity10/15€93,307€94,042▲
Contributions10/11€6,620€6,620=
Contributions outside capital11€6,620€6,620=
Other1109/19€6,620€6,620=
Reserves13€86,687€87,422▲
Distributable reserves133€86,687€87,422▲
Amounts payable17/49€54,902€42,583▼
Amounts payable after more than one year17€7,755€3,667▼
Financial debts170/4€7,755€3,667▼
Amounts payable within one year42/48€47,147€38,916▼
Current portion of amounts payable after more than one year42€4,089€4,089=
Trade debts44€5,334€5,086▼
Suppliers440/4€5,334€5,086▼
Taxes, remuneration and social security45€21,977€19,314▼
Taxes450/3€21,977€19,314▼
Other amounts payable47/48€15,746€10,427▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,650€12,060▲
Other operating charges640/8€2,077€3,652▲
Gross operating margin9900€63,570€51,808▼
Operating profit (loss)9901€49,844€36,096▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€728€1,070▲
Recurring financial charges65€728€1,070▲
Profit (loss) for the period before taxes9903€49,116€35,026▼
Income taxes67/77€9,478€7,291▼
Profit (loss) for the period9904€39,638€27,735▼
Profit (loss) for the period to be appropriated9905€39,638€27,735▼
Appropriation of the result
Profit (loss) to be appropriated9906€39,638€27,735▼
Transfer to equity691/2€138€735▲
To other reserves6921€138€735▲
Profit to be distributed694/7€39,500€27,000▼
Return on contributions (dividend)694€25,000€17,000▼
Directors or managers695€14,500€10,000▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€95€220----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,360€9,376€12,088€13,507€13,700€14,681€11,650€12,060▲ 3.5%
Other operating charges640/8---€1,022€1,150€1,382€2,077€3,652▲ 75.8%
Gross operating margin9900€51,455€26,848€38,163€48,024€53,559€44,615€63,570€51,808▼ 18.5%
Operating profit (loss)9901€22,195€16,107€23,611€33,400€38,490€28,552€49,844€36,096▼ 27.6%
Financial income75/76B---€805€1-€0--
Recurring financial income75€0--€805€1-€0--
Financial charges65/66B---€234€849€844€728€1,070▲ 47.0%
Recurring financial charges65€1,459€1,128€901€234€849€844€728€1,070▲ 47.0%
Profit (loss) for the period before taxes9903€20,736€14,979€22,711€33,972€37,641€27,709€49,116€35,026▼ 28.7%
Income taxes67/77€1,992€2,749€3,508€5,285€4,406€3,531€9,478€7,291▼ 23.1%
Profit (loss) for the period9904€18,745€12,230€19,202€28,687€33,235€24,178€39,638€27,735▼ 30.0%
Profit (loss) for the period to be appropriated9905€18,745€12,230€19,202€28,687€33,235€24,178€39,638€27,735▼ 30.0%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€76,977€70,492€84,747€87,935€126,088€133,659€148,209€136,625▼ 7.8%
Fixed assets21/28€21,675€13,439€24,639€11,132€39,680€29,360€18,743€9,340▼ 50.2%
Tangible fixed assets22/27€21,540€13,304€24,504€10,997€39,545€29,225€18,608€9,205▼ 50.5%
Furniture and vehicles24---€10,997€39,545€29,225€18,608€9,205▼ 50.5%
Financial fixed assets28€135€135€135€135€135€135€135€135=
Current assets29/58€55,302€57,054€60,109€76,803€86,408€104,299€129,466€127,285▼ 1.7%
Amounts receivable after more than one year29----€44,500€34,000€19,000€10,100▼ 46.8%
Other amounts receivable291----€44,500€34,000€19,000€10,100▼ 46.8%
Amounts receivable within one year40/41€9,983€11,618€11,630€52,400€11,220€15,571€19,483€30,046▲ 54.2%
Trade receivables40---€10,319€11,220€15,102€19,014€29,978▲ 57.7%
Other amounts receivable41---€42,081-€469€469€67▼ 85.6%
Current investments50/53-------€8,000-
Cash at bank and in hand54/58€45,319€45,436€48,479€24,403€30,688€44,921€90,983€79,140▼ 13.0%
Deferred charges and accrued income490/1-----€9,807---
Equity and liabilities
Total equity and liabilities10/49€76,977€70,492€84,747€87,935€126,088€133,659€148,209€136,625▼ 7.8%
Equity10/15€24,338€34,068€45,770€64,457€80,992€93,169€93,307€94,042▲ 0.8%
Contributions10/11€6,620€6,620€6,620€6,620€6,620€6,620€6,620€6,620=
Capital10---€6,620€6,620----
Issued capital100---€18,600€18,600----
Uncalled capital101---€11,980€11,980----
Contributions outside capital11-----€6,620€6,620€6,620=
Other1109/19-----€6,620€6,620€6,620=
Reserves13€2,160€2,160€2,160€57,837€74,372€86,549€86,687€87,422▲ 0.8%
Non-distributable reserves130/1---€1,860€1,860----
Legal reserve130---€1,860€1,860----
Distributable reserves133---€55,977€72,512€86,549€86,687€87,422▲ 0.8%
Profit (loss) carried forward14€15,558€25,288€36,990------
Amounts payable17/49€52,639€36,424€38,977€23,478€45,096€40,490€54,902€42,583▼ 22.4%
Amounts payable after more than one year17€23,792€14,054€11,623€6,378€16,150€11,844€7,755€3,667▼ 52.7%
Financial debts170/4---€6,378€16,150€11,844€7,755€3,667▼ 52.7%
Amounts payable within one year42/48€28,848€22,370€27,354€17,100€28,946€28,645€47,147€38,916▼ 17.5%
Current portion of amounts payable after more than one year42----€5,483€4,306€4,089€4,089=
Trade debts44€8,749€1,399€8,478€1,559€1,663€4,962€5,334€5,086▼ 4.7%
Suppliers440/4---€1,559€1,663€4,962€5,334€5,086▼ 4.7%
Taxes, remuneration and social security45---€5,541€5,069€4,785€21,977€19,314▼ 12.1%
Taxes450/3---€5,541€5,069€4,785€21,977€19,314▼ 12.1%
Other amounts payable47/48---€10,000€16,731€14,592€15,746€10,427▼ 33.8%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€18,745€12,230€19,202€28,687€33,235€24,178€39,638€27,735▼ 30.0%
+ Depreciation and write-downs630€14,360€9,376€12,088€13,507€13,700€14,681€11,650€12,060▲ 3.5%
Operating cash flow (approximation)€33,105€21,606€31,290€42,193€46,935€38,859€51,288€39,795▼ 22.4%
Investment in fixed assets (approximation)--€1,140-€23,288€0-€42,247-€4,361-€1,033-€2,656▼ 157%
Change in cash-€117€3,043-€24,076€6,285€14,233€46,061-€11,843-

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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Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 31-08-2026 2026-00469123
31-12-2024 micro format 29-08-2025 2025-00445875
31-12-2023 micro format 30-08-2024 2024-00411100
31-12-2022 micro format 31-08-2023 2023-00392229
31-12-2021 micro format 31-08-2022 2022-20366800
31-12-2020 micro format 31-08-2021 2021-64800048
31-12-2019 micro format 23-09-2020 2020-55200338
31-12-2018 micro format 31-08-2019 2019-61800406
31-12-2017 micro format 31-08-2018 2018-60700180
31-12-2016 micro format 24-08-2017 2017-47600328

Show all 12 filings

Similar companies · same sector, comparable size

Of the 4,897 active companies whose main activity is other postal and courier activities (NACE 53200), figures are known for 1,314. 1,032 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2024 to 2025 · 2 entries · €779 awarded · €779 paid
Year Entries AwardedPaid
2025 1 €440€440
2024 1 €339€339
Schemes
2 entries · €779 · €779 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.