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EEMAN

Active
Private limited companyfounded 1983active for 43 yearsKorendries 1, 9500 Geraardsbergen, BelgiumKBO/BCE: BE 0424.533.663
Summary

EEMAN has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €529,115 and a net result of -€8,762. Equity remains stable across the filed financial years (±1.5% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€529,115▼ 1.6%
2024 · €537,877
Total assets
€554,017▼ 2.5%
2024 · €567,949
Net result
-€8,762▲ 44.8%
2024 · -€15,877
Working capital
€480,940▲ 0.3%
2024 · €479,597
Trend over the years

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

The operating result stays negative: a loss of €20,191 in 2025 against €28,675 in 2024; the loss shrinks.

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

Operating result-€20,191 2025 Net result-€8,762 2025

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

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€19,786--€18,329▲ 7.4%-€16,159▲ 11.8%€51,149-€21,037-€25,449▼ 21.0%-€28,675▼ 12.7%-€20,191▲ 29.6%
Net result-€7,444--€6,304▲ 15.3%-€4,377▲ 30.6%-€2,595▲ 40.7%-€8,428▼ 225%-€12,574▼ 49.2%-€15,877▼ 26.3%-€8,762▲ 44.8%
Equity€588,032-€581,728▼ 1.1%€577,350▼ 0.8%€574,755▼ 0.4%€566,327▼ 1.5%€553,753▼ 2.2%€537,877▼ 2.9%€529,115▼ 1.6%
Total assets€648,283-€638,544▼ 1.5%€628,393▼ 1.6%€620,290▼ 1.3%€606,936▼ 2.2%€588,195▼ 3.1%€567,949▼ 3.4%€554,017▼ 2.5%
Debt€1,721-€3,163▲ 83.8%€2,267▼ 28.3%€1,636▼ 27.8%€1,588▼ 2.9%€298▼ 81.2%€642▲ 115%€186▼ 71.1%
Working capital€453,238-€456,195▲ 0.7%€461,763▲ 1.2%€491,006▲ 6.3%€491,013=€486,875▼ 0.8%€479,597▼ 1.5%€480,940▲ 0.3%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €554,017
Fixed assets €72,891 ▼ 16.9%
Current assets €481,126 ▲ 0.2%
Equity and liabilities €554,017
Equity €529,115 ▼ 1.6%
Provisions €24,717 ▼ 16.0%
Debt €186 ▼ 71.1%
Debt's share of the balance-sheet total falls from 0.1% to 0.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€6,879▲
2024 · -€15,362
Cash flow
€4,550▲
2024 · -€2,564
Debt to equity
0.00▼
2024 · 0.00
ROE
-1.7%▲
2024 · -3.0%
ROA
-1.6%▲
2024 · -2.8%
Interest coverage
-29.35▲
2024 · -100.23
Debt ≤ 1 year
€186▼
2024 · €642
Income taxes
€134▲
2024 · €68
A ratio outside any meaningful range has been withheld (balance sheet total €554,017, equity €529,115).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94.2% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 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% 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%

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 8,617 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 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€567,949€554,017▼
Fixed assets21/28€87,709€72,891▼
Tangible fixed assets22/27€87,381€72,562▼
Land and buildings22€87,381€72,562▼
Financial fixed assets28€329€329=
Current assets29/58€480,239€481,126▲
Amounts receivable after more than one year29€419,444€300,000▼
Other amounts receivable291€419,444€300,000▼
Amounts receivable within one year40/41€14,988€12,950▼
Other amounts receivable41€14,988€12,950▼
Cash at bank and in hand54/58€45,620€167,980▲
Deferred charges and accrued income490/1€187€195▲
Equity and liabilities
Total equity and liabilities10/49€567,949€554,017▼
Equity10/15€537,877€529,115▼
Contributions10/11€18,600€18,600=
Reserves13€519,154€510,000▼
Tax-exempt reserves132€57,154€48,000▼
Distributable reserves133€462,000€462,000=
Profit (loss) carried forward14€123€514▲
Provisions and deferred taxes16€29,430€24,717▼
Deferred taxes168€29,430€24,717▼
Amounts payable17/49€642€186▼
Amounts payable within one year42/48€642€186▼
Trade debts44€488€32▼
Suppliers440/4€488€32▼
Other amounts payable47/48€154€154=
Income statement Code20242025
Non-recurring operating income76A-€138,494
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,313€13,313=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€127,750
Other operating charges640/8€8,069€8,133▲
Gross operating margin9900-€7,293€129,004▲
Operating profit (loss)9901-€28,675-€20,191▲
Financial income75/76B€8,306€7,084▼
Recurring financial income75€8,306€5,834▼
Non-recurring financial income76B-€1,250
Financial charges65/66B€153€234▲
Recurring financial charges65€153€234▲
Profit (loss) for the period before taxes9903-€20,522-€13,341▲
Transfer from deferred taxes780€4,713€4,713=
Income taxes67/77€68€134▲
Profit (loss) for the period9904-€15,877-€8,762▲
Transfer from tax-exempt reserves789€9,154€9,154=
Profit (loss) for the period to be appropriated9905-€6,723€391▲
Appropriation of the result
Profit (loss) to be appropriated9906-€6,477€514▲
Profit (loss) brought forward from the previous period14P€246€123▼
Transfer from equity791/2€6,600€0▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€76,706---€138,494-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,378€14,139€13,618€13,313€13,313€13,313€13,313€13,313=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-------€127,750-
Other operating charges640/8---€4,101€4,822€6,499€8,069€8,133▲ 0.8%
Gross operating margin9900-€2,918-€1,960-€649€68,563-€2,903-€5,637-€7,293€129,004-
Operating profit (loss)9901-€19,786-€18,329-€16,159€51,149-€21,037-€25,449-€28,675-€20,191▲ 29.6%
Financial income75/76B---€9,120€8,326€8,224€8,306€7,084▼ 14.7%
Recurring financial income75€8,519€8,716€8,743€9,120€8,326€8,224€8,306€5,834▼ 29.8%
Non-recurring financial income76B-------€1,250-
Financial charges65/66B---€65,252€153€161€153€234▲ 52.9%
Recurring financial charges65€136€129€139€65,252€153€161€153€234▲ 52.9%
Profit (loss) for the period before taxes9903-€11,404-€9,742-€7,555-€4,983-€12,864-€17,386-€20,522-€13,341▲ 35.0%
Transfer from deferred taxes780---€4,878€4,878€4,878€4,713€4,713=
Income taxes67/77€917€1,439€1,700€2,489€441€65€68€134▲ 97.5%
Profit (loss) for the period9904-€7,444-€6,304-€4,377-€2,595-€8,428-€12,574-€15,877-€8,762▲ 44.8%
Transfer from tax-exempt reserves789---€9,472€9,472€9,472€9,154€9,154=
Profit (loss) for the period to be appropriated9905€2,029€3,169€5,095€6,877€1,044-€3,101-€6,723€391-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€648,283€638,544€628,393€620,290€606,936€588,195€567,949€554,017▼ 2.5%
Fixed assets21/28€193,324€179,186€164,363€127,647€114,335€101,022€87,709€72,891▼ 16.9%
Tangible fixed assets22/27€191,791€177,652€164,035€127,318€114,006€100,693€87,381€72,562▼ 17.0%
Land and buildings22---€127,318€114,006€100,693€87,381€72,562▼ 17.0%
Financial fixed assets28€1,533€1,533€329€329€329€329€329€329=
Current assets29/58€454,959€459,358€464,030€492,643€492,602€487,173€480,239€481,126▲ 0.2%
Amounts receivable after more than one year29---€400,000€401,400€411,220€419,444€300,000▼ 28.5%
Other amounts receivable291---€400,000€401,400€411,220€419,444€300,000▼ 28.5%
Amounts receivable within one year40/41€14,519€14,716€23,459€6,500€17,535€15,409€14,988€12,950▼ 13.6%
Other amounts receivable41---€6,500€17,535€15,409€14,988€12,950▼ 13.6%
Cash at bank and in hand54/58€14,142€8,471€3,034€85,982€73,494€60,360€45,620€167,980▲ 268%
Deferred charges and accrued income490/1---€161€173€185€187€195▲ 4.4%
Equity and liabilities
Total equity and liabilities10/49€648,283€638,544€628,393€620,290€606,936€588,195€567,949€554,017▼ 2.5%
Equity10/15€588,032€581,728€577,350€574,755€566,327€553,753€537,877€529,115▼ 1.6%
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600€18,600=
Reserves13€569,429€563,057€558,584€549,112€547,640€534,907€519,154€510,000▼ 1.8%
Non-distributable reserves130/1---€1,860€1,860€0---
Reserves not available under the articles1311---€1,860€1,860€0---
Tax-exempt reserves132---€85,252€75,780€66,307€57,154€48,000▼ 16.0%
Distributable reserves133---€462,000€470,000€468,600€462,000€462,000=
Profit (loss) carried forward14€2€71€166€7,043€88€246€123€514▲ 317%
Provisions and deferred taxes16€58,531€53,653€48,776€43,898€39,021€34,143€29,430€24,717▼ 16.0%
Deferred taxes168---€43,898€39,021€34,143€29,430€24,717▼ 16.0%
Amounts payable17/49€1,721€3,163€2,267€1,636€1,588€298€642€186▼ 71.1%
Amounts payable within one year42/48€1,721€3,163€2,267€1,636€1,588€298€642€186▼ 71.1%
Trade debts44€29€807€28€348€1,099€145€488€32▼ 93.5%
Suppliers440/4---€348€1,099€145€488€32▼ 93.5%
Taxes, remuneration and social security45---€689€489€0---
Taxes450/3---€689€489€0---
Other amounts payable47/48---€600-€154€154€154=
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€7,444-€6,304-€4,377-€2,595-€8,428-€12,574-€15,877-€8,762▲ 44.8%
+ Depreciation and write-downs630€14,378€14,139€13,618€13,313€13,313€13,313€13,313€13,313=
Operating cash flow (approximation)€6,934€7,835€9,240€10,717€4,884€739-€2,564€4,550-
Investment in fixed assets (approximation)-€0€1,205€23,404€0€0€0€1,506-
Change in cash--€5,671-€5,437€82,948-€12,487-€13,135-€14,739€122,360-

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 43 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 15-07-2026 2026-00304168
31-12-2024 micro format 01-07-2025 2025-00215378
31-12-2023 micro format 03-07-2024 2024-00212063
31-12-2022 micro format 05-07-2023 2023-00202901
31-12-2021 micro format 30-06-2022 2022-20117446
31-12-2020 micro format 30-08-2021 2021-58200255
31-12-2019 micro format 02-07-2020 2020-25900383
31-12-2018 micro format 29-08-2019 2019-55000525
31-12-2017 micro format 16-07-2018 2018-33300315
31-12-2016 micro format 28-07-2017 2017-37600194

Show all 43 filings

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