EEMA98
ActiveSummary
The computed 12-month bankruptcy probability of EEMA98 is 1.9% (moderate). The 2024 annual accounts show equity of €246,132 and a net result of €122,079. Equity is growing by ~31.9% per year across the filed fiscal years. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency96▲+27
Growth78=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 4.6 against 1.63 in 2023; short-term debt: 15.3% and cash: 63.7% of total assets), and 29.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
46 d early
2024
38 d early
2023
15 d early
2022
3 d late
2021
24 d early
2020
53 d early
2019
44 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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. Usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€246,132▲ 98.4%
2023 · €124,053
Total assets
€348,186▲ 24.3%
2023 · €280,107
Net result
€122,079▲ 5.5%
2023 · €115,703
Working capital
€191,399▲ 132%
2023 · €82,509
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€99,286▲ 61.3%€125,461▲ 26.4%€138,195▲ 10.1%€154,818▲ 12.0%€165,105▲ 6.6%
Net result€76,007above the sector's middle half▲ 81.2%€94,287above the sector's middle half▲ 24.1%€99,712above the sector's middle half▲ 5.8%€115,703above the sector's middle half▲ 16.0%€122,079above the sector's middle half▲ 5.5%
Equity€88,777above the sector's middle half=€183,065above the sector's middle half▲ 106%€295,177above the sector's middle half▲ 61.2%€124,053above the sector's middle half▼ 58.0%€246,132above the sector's middle half▲ 98.4%
Total assets€236,644above the sector's middle half▲ 56.8%€302,959above the sector's middle half▲ 28.0%€391,456above the sector's middle half▲ 29.2%€280,107above the sector's middle half▼ 28.4%€348,186above the sector's middle half▲ 24.3%
Debt€147,867▲ 138%€119,895▼ 18.9%€96,279▼ 19.7%€156,054▲ 62.1%€102,054▼ 34.6%
Working capital€64,379above the sector's middle half▲ 13.4%€156,176above the sector's middle half▲ 143%€263,248above the sector's middle half▲ 68.6%€82,509above the sector's middle half▼ 68.7%€191,399above the sector's middle half▲ 132%
Solvency37.5%within the sector's middle half▼ 21.3pp60.4%above the sector's middle half▲ 22.9pp75.4%above the sector's middle half▲ 15.0pp44.3%within the sector's middle half▼ 31.1pp70.7%above the sector's middle half▲ 26.4pp
Current ratio1.46within the sector's middle half▼ 0.763.30above the sector's middle half▲ 1.845.42above the sector's middle half▲ 2.121.63within the sector's middle half▼ 3.794.60above the sector's middle half▲ 2.97
Return on assets (ROA)32.1%above the sector's middle half▲ 4.3pp31.1%above the sector's middle half▼ 1.0pp25.5%above the sector's middle half▼ 5.6pp41.3%above the sector's middle half▲ 15.8pp35.1%above the sector's middle half▼ 6.2pp
Staff (FTE)3within the sector's middle half▲ 50.0%6▲ 100%7.5▲ 25.0%6▼ 20.0%6=
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 7% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €348,186
Fixed assets
€103,652 ▲ 56.4%
Current assets
€244,534 ▲ 14.4%
Equity and liabilities €348,186
Equity
€246,132 ▲ 98.4%
Debt
€102,054 ▼ 34.6%
Debt's share of the balance-sheet total falls from 55.7% to 29.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€185,118▲
2023 · €168,447
Cash flow
€142,092▲
2023 · €129,333
Quick ratio
4.45▲
2023 · 1.58
Debt to equity
0.41▼
2023 · 1.26
ROE
49.6%▼
2023 · 93.3%
Interest coverage
39.13▼
2023 · 55.68
Debt ≤ 1 year
€53,135▼
2023 · €131,334
Debt > 1 year
€48,919▲
2023 · €24,714
Income taxes
€41,710▼
2023 · €42,562
Staff costs
€113,432▲
2023 · €110,524
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €385 | - | €2,718 | €2,681 | ▼ 1.3% |
| Remuneration, social security and pensions62 | - | €94,284 | €113,386 | €110,524 | €113,432 | ▲ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,560 | €13,128 | €15,472 | €13,630 | €20,013 | ▲ 46.8% |
| Other operating charges640/8 | - | €1,599 | €1,317 | €2,395 | €5,800 | ▲ 142% |
| Non-recurring operating charges66A | - | €649 | - | €2,406 | €8,673 | ▲ 260% |
| Gross operating margin9900 | €205,355 | €235,122 | €268,369 | €283,772 | €313,024 | ▲ 10.3% |
| Operating profit (loss)9901 | €99,286 | €125,461 | €138,195 | €154,818 | €165,105 | ▲ 6.6% |
| Financial income75/76B | - | €933 | €285 | €6,473 | €3,415 | ▼ 47.2% |
| Recurring financial income75 | €1,452 | €933 | €285 | €6,473 | €3,415 | ▼ 47.2% |
| Financial charges65/66B | - | €1,963 | €2,623 | €3,025 | €4,731 | ▲ 56.4% |
| Recurring financial charges65 | €1,598 | €1,963 | €2,623 | €3,025 | €4,731 | ▲ 56.4% |
| Profit (loss) for the period before taxes9903 | €99,140 | €124,430 | €135,856 | €158,265 | €163,789 | ▲ 3.5% |
| Income taxes67/77 | €23,133 | €30,143 | €36,144 | €42,562 | €41,710 | ▼ 2.0% |
| Profit (loss) for the period9904 | €76,007 | €94,287 | €99,712 | €115,703 | €122,079 | ▲ 5.5% |
| Profit (loss) for the period to be appropriated9905 | €76,007 | €94,287 | €99,712 | €115,703 | €122,079 | ▲ 5.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €236,644 | €302,959 | €391,456 | €280,107 | €348,186 | ▲ 24.3% |
| Fixed assets21/28 | €31,994 | €78,866 | €68,639 | €66,265 | €103,652 | ▲ 56.4% |
| Intangible fixed assets21 | €10,804 | €6,875 | €2,945 | - | - | - |
| Tangible fixed assets22/27 | €21,060 | €71,861 | €65,564 | €66,135 | €103,522 | ▲ 56.5% |
| Furniture and vehicles24 | - | €62,829 | €58,365 | €57,513 | €43,743 | ▼ 23.9% |
| Leasing and similar rights25 | - | - | - | - | €51,421 | - |
| Other tangible fixed assets26 | - | €9,031 | €7,198 | €8,622 | €8,359 | ▼ 3.1% |
| Financial fixed assets28 | €130 | €130 | €130 | €130 | €130 | = |
| Current assets29/58 | €204,650 | €224,094 | €322,817 | €213,842 | €244,534 | ▲ 14.4% |
| Amounts receivable after more than one year29 | - | €8,126 | €20,811 | €21,273 | - | - |
| Other amounts receivable291 | - | €8,126 | €20,811 | €21,273 | - | - |
| Stocks and contracts in progress3 | €4,562 | €5,188 | €5,215 | €6,308 | €8,284 | ▲ 31.3% |
| Stocks30/36 | - | €5,188 | €5,215 | €6,308 | €8,284 | ▲ 31.3% |
| Amounts receivable within one year40/41 | €997 | €10,649 | €1,447 | €50,657 | €10,971 | ▼ 78.3% |
| Trade receivables40 | - | €29 | €1,447 | - | €6,327 | - |
| Other amounts receivable41 | - | €10,620 | - | €50,657 | €4,643 | ▼ 90.8% |
| Cash at bank and in hand54/58 | €123,511 | €196,751 | €291,342 | €130,726 | €221,696 | ▲ 69.6% |
| Deferred charges and accrued income490/1 | - | €3,380 | €4,003 | €4,878 | €3,583 | ▼ 26.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €236,644 | €302,959 | €391,456 | €280,107 | €348,186 | ▲ 24.3% |
| Equity10/15 | €88,777 | €183,065 | €295,177 | €124,053 | €246,132 | ▲ 98.4% |
| Contributions10/11 | - | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €82,260 | €176,865 | €276,577 | €60,260 | €227,532 | ▲ 278% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €175,005 | €274,717 | €58,400 | €225,672 | ▲ 286% |
| Profit (loss) carried forward14 | €317 | - | - | €45,193 | - | - |
| Amounts payable17/49 | €147,867 | €119,895 | €96,279 | €156,054 | €102,054 | ▼ 34.6% |
| Amounts payable after more than one year17 | €7,595 | €51,958 | €36,710 | €24,714 | €48,919 | ▲ 97.9% |
| Financial debts170/4 | - | €51,958 | €36,710 | €24,714 | €48,919 | ▲ 97.9% |
| Amounts payable within one year42/48 | €140,272 | €67,918 | €59,569 | €131,334 | €53,135 | ▼ 59.5% |
| Current portion of amounts payable after more than one year42 | - | €15,637 | €15,249 | €11,995 | €21,099 | ▲ 75.9% |
| Financial debts43 | - | €8,777 | €8,797 | €8,848 | - | - |
| Credit institutions430/8 | - | €8,777 | €8,797 | €8,848 | - | - |
| Trade debts44 | €8,835 | €13,949 | €10,595 | €12,321 | €8,801 | ▼ 28.6% |
| Suppliers440/4 | - | €13,949 | €10,595 | €12,321 | €8,801 | ▼ 28.6% |
| Taxes, remuneration and social security45 | - | €28,527 | €24,548 | €27,659 | €23,235 | ▼ 16.0% |
| Taxes450/3 | - | €13,276 | €10,791 | €17,190 | €13,162 | ▼ 23.4% |
| Remuneration and social security454/9 | - | €15,251 | €13,756 | €10,469 | €10,073 | ▼ 3.8% |
| Other amounts payable47/48 | - | €1,028 | €381 | €70,510 | - | - |
| Accrued charges and deferred income492/3 | - | €18 | - | €6 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,007 | €94,287 | €99,712 | €115,703 | €122,079 | ▲ 5.5% |
| + Depreciation and write-downs630 | €15,560 | €13,128 | €15,472 | €13,630 | €20,013 | ▲ 46.8% |
| Operating cash flow (approximation) | €91,567 | €107,416 | €115,184 | €129,333 | €142,092 | ▲ 9.9% |
| Investment in fixed assets (approximation) | - | -€60,000 | -€5,245 | -€11,256 | -€57,400 | ▼ 410% |
| Change in cash | - | €73,241 | €94,591 | -€160,616 | €90,970 | ▲ 157% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €122,079 ▲5.5%
Operating result €165,105, net result €122,079, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.60
Current ratio from 1.63 to 4.60; short-term debt falls from €131,334 to €53,135.
31-12
Financial
Equity above €200,000Eq €246,132 ▲98.4%
7 profitable years in a row build equity to €246,132.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
31-12
Financial
Equity above €200,000Eq €295,177 ▲61.2%
5 profitable years in a row build equity to €295,177.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 3.30
Current ratio from 1.46 to 3.30; short-term debt falls from €140,272 to €67,918.
31-12
Financial
Equity above €150,000Eq €183,065 ▲106%
4 profitable years in a row build equity to €183,065.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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, Walhain · 1 establishment unit since 2016
Ground area
5.1 ha
Parcel 25071D0221/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
La Frite d'Or
since 20162.257.602.447
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25071D0221/00B000indicative | Wallonia | 5.1 ha | - | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWalhain2.257.602.447
Similar companies · same sector, comparable size
BESTE FRIETJES
BE 0431.359.097
Staden · Eq €246,127
WELTER PHILIP
BE 0550.396.905
Puurs-Sint-Amands · Eq €246,111
Frites D'or Rekkem
BE 0887.087.269
Menen · Eq €245,984
MIDIKO
BE 0560.994.451
Roeselare · Eq €245,914
PAPAS
BE 0534.392.695
Lochristi · Eq €245,768
Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. 6,219 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded13-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
Phone
0478316371Walhain
E-invoicing
Reachable via Peppol
Peppol ID
0208:0664588669
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.