EEMAN
ActiveSummary
EEMAN has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €579,565 and a net result of €24,104. Equity has been shrinking by about 7% per year since 2018. Its solvency ranks better than 92% of 13,741 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-12-1987 Normal situation
- Activity
- Wholesale of construction materials, general range NACE 46831and 3 others
- Establishment unit
- 2.031.608.382 9400 Ninove, since 10-12-1987
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €110,167
- ▲ 0.1%
- Turnover
- ≈ €550,000
- estimated
- Profit
- €24,104
- Equity
- €579,565
- ▲ 4.3%
- Total assets
- €629,942
- ▲ 1.6%
- Employees on 31-12-2025
- 1
- =
Score breakdownlowers riskLiquidity: current ratio 12.38, cash €451,596Equity €579,565 (92.0% of total assets)Founded in 1987Size: total assets €629,942Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 98% on liquidity, 60% on profitability and 54% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 38 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €32,203, after a loss of €12,141 in 2024. It is the highest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 1 | 1 | 1 |
| full-time | 3 | 2 | 1 | 1 | 1 |
| part-time | - | - | 0 | 0 | - |
| in full-time equivalents | 3 | 2 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 3 | 2 | 1.9 | 1 | 1 |
| On a permanent contract | 3 | 2 | 1 | 1 | 1 |
| Joined | 4 | 8 | 9 | 5 | 0 |
| Left | 4 | 8 | 10 | 5 | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €2,050 | - |
| Depreciation and write-downs of the year | €180,552 | €156,423 | €111,923 | €110,462 | €57,541 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €456,891 | €384,634 | €303,136 | €205,838 | €193,001 | ▼ 6.2% |
| Remuneration, social security and pensions62 | - | - | - | €111,330 | €114,116 | €85,765 | €5,679 | €2,358 | ▼ 58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €188,752 | €190,383 | €182,029 | €180,552 | €156,423 | €111,923 | €110,462 | €57,541 | ▼ 47.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €8,073 | - | €4,926 | - |
| Other operating charges640/8 | - | - | - | €7,322 | €6,323 | €137,962 | €6,054 | €13,140 | ▲ 117% |
| Gross operating margin9900 | €437,134 | €398,032 | €405,109 | €328,483 | €286,694 | €270,876 | €110,053 | €110,167 | ▲ 0.1% |
| Operating profit (loss)9901 | €111,377 | €69,518 | €98,329 | €29,279 | €9,832 | -€72,847 | -€12,141 | €32,203 | - |
| Financial income75/76B | - | - | - | €171 | €192 | €1,146 | €139 | - | - |
| Recurring financial income75 | €15,457 | €11,113 | €159 | €171 | €192 | €1,146 | €139 | - | - |
| Financial charges65/66B | - | - | - | €5,293 | €3,809 | €2,409 | €1,093 | €409 | ▼ 62.6% |
| Recurring financial charges65 | €11,612 | €10,682 | €11,013 | €5,293 | €3,809 | €2,409 | €1,093 | €409 | ▼ 62.6% |
| Profit (loss) for the period before taxes9903 | €115,222 | €70,097 | €87,475 | €24,157 | €6,215 | -€74,111 | -€13,095 | €31,794 | - |
| Transfer from deferred taxes780 | - | - | - | €9,984 | €9,984 | €9,984 | €9,984 | €7,265 | ▼ 27.2% |
| Income taxes67/77 | €39,693 | €28,915 | €35,050 | €19,439 | €13,531 | €3,701 | €2,999 | €14,954 | ▲ 399% |
| Profit (loss) for the period9904 | €85,513 | €51,167 | €62,409 | €14,702 | €2,668 | -€67,827 | -€6,110 | €24,104 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €19,389 | €19,389 | €50,522 | €19,390 | €14,109 | ▼ 27.2% |
| Profit (loss) for the period to be appropriated9905 | €104,902 | €70,556 | €81,799 | €34,091 | €22,057 | -€17,306 | €13,280 | €38,213 | ▲ 188% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.1m | €1.6m | €1.4m | €1.3m | €1.1m | €0.7m | €0.6m | €0.6m | ▲ 1.6% |
| Fixed assets21/28 | €1.2m | €1.0m | €0.8m | €0.6m | €0.5m | €0.2m | €0.06m | €0.006m | ▼ 90.4% |
| Intangible fixed assets21 | - | - | - | - | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €1.2m | €1.0m | €0.8m | €0.6m | €0.5m | €0.2m | €0.06m | €0.006m | ▼ 90.4% |
| Land and buildings22 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 6.5% |
| Plant, machinery and equipment23 | - | - | - | €0.6m | €0.5m | €0.2m | €0.06m | €0.005m | ▼ 91.7% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.002m | - | - | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | - | - | - |
| Current assets29/58 | €0.9m | €0.6m | €0.6m | €0.6m | €0.7m | €0.6m | €0.6m | €0.6m | ▲ 12.1% |
| Stocks and contracts in progress3 | €0.04m | €0.04m | €0.05m | €0.06m | €0.09m | €0.07m | €0.05m | €0.04m | ▼ 23.7% |
| Stocks30/36 | - | - | - | €0.06m | €0.09m | €0.07m | €0.05m | €0.04m | ▼ 23.7% |
| Amounts receivable within one year40/41 | €0.3m | €0.4m | €0.3m | €0.4m | €0.3m | €0.2m | €0.1m | €0.1m | ▼ 9.7% |
| Trade receivables40 | - | - | - | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 6.1% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.1m | €0.02m | €0.03m | €0.01m | ▼ 63.6% |
| Current investments50/53 | €338 | €338 | €338 | €338 | €338 | - | - | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | ▲ 25.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.001m | - | €0.002m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.1m | €1.6m | €1.4m | €1.3m | €1.1m | €0.7m | €0.6m | €0.6m | ▲ 1.6% |
| Equity10/15 | €1.1m | €0.7m | €0.8m | €0.8m | €0.8m | €0.6m | €0.6m | €0.6m | ▲ 4.3% |
| Contributions10/11 | €0.5m | €0.02m | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Reserves13 | €0.6m | €0.7m | €0.7m | €0.7m | €0.7m | €0.5m | €0.5m | €0.5m | ▼ 2.7% |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves not available under the articles1311 | - | - | - | - | - | €0.05m | €0.05m | €0.05m | = |
| Other1319 | - | - | - | €0.05m | €0.05m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.08m | €0.03m | €0.01m | - | - |
| Distributable reserves133 | - | - | - | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | €0.004m | €0 | €0.002m | €0.006m | €0.008m | -€0.009m | €0.004m | €0.04m | ▲ 974% |
| Provisions and deferred taxes16 | €0.07m | €0.06m | €0.05m | €0.04m | €0.03m | €0.02m | €0.007m | - | - |
| Deferred taxes168 | - | - | - | €0.04m | €0.03m | €0.02m | €0.007m | - | - |
| Amounts payable17/49 | €0.9m | €0.8m | €0.6m | €0.4m | €0.3m | €0.2m | €0.06m | €0.05m | ▼ 12.0% |
| Amounts payable after more than one year17 | €0.6m | €0.4m | €0.3m | €0.2m | €0.08m | €0.02m | - | - | - |
| Financial debts170/4 | - | - | - | €0.2m | €0.08m | €0.02m | - | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | €0.1m | €0.06m | €0.05m | ▼ 12.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.07m | €0.02m | - | - |
| Trade debts44 | €0.09m | €0.1m | €0.09m | €0.09m | €0.1m | €0.02m | €0.01m | €0.03m | ▲ 149% |
| Suppliers440/4 | - | - | - | €0.09m | €0.1m | €0.02m | €0.01m | €0.03m | ▲ 149% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.02m | €0.03m | €0.004m | €0.02m | ▲ 267% |
| Taxes450/3 | - | - | - | €0.03m | €0.004m | €0.03m | €0.004m | €0.02m | ▲ 294% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.02m | €0.005m | €312 | - | - |
| Other amounts payable47/48 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85,513 | €51,167 | €62,409 | €14,702 | €2,668 | -€67,827 | -€6,110 | €24,104 | - |
| + Depreciation and write-downs630 | €188,752 | €190,383 | €182,029 | €180,552 | €156,423 | €111,923 | €110,462 | €57,541 | ▼ 47.9% |
| Operating cash flow (approximation) | €274,265 | €241,550 | €244,438 | €195,254 | €159,091 | €44,096 | €104,352 | €81,645 | ▼ 21.8% |
| Investment in fixed assets (approximation) | - | -€8,336 | €1,231 | €1 | €0 | €178,000 | -€2,000 | €0 | - |
| Change in cash | - | -€65,052 | €24,295 | -€36,094 | €62,910 | €46,391 | €79,030 | €92,601 | ▲ 17.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as EEMAN has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EEMAN itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for EEMAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00364100 | |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00337284 | |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00393852 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00392427 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20366490 | |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-54500279 | |
| 31-12-2019 | abbreviated format | 16-09-2020 | 2020-53500596 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-61000384 | |
| 31-12-2017 | abbreviated format | 23-08-2018 | 2018-51900043 | |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-55200057 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
EEMAN shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of EEMAN. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0432.542.893
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41044A0498/00P000 | Flanders | 1,138 m² | 1 · 237 m² | 10.1 m · 2 |