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EEMAN

Active
Private limited companyfounded 1998active for 28 yearsMerehoekstraat 107, 9550 Herzele, BelgiumKBO/BCE: BE 0463.234.683
Summary

EEMAN has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,151 and a net result of -€4,634. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 89% of 9,368 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Turnover
≈ €39,000
Estimated: probably between €20,000 and €70,000
Total assets
€80,885▼ 30.3%
2024 · €116,016
Net result
-€4,634▲ 69.3%
2024 · -€15,102
Working capital
€63,143▼ 19.2%
2024 · €78,172
Trend over the years

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

The operating result stays negative: a loss of €2,019 in 2025 against €12,626 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-€2,019 2025 Net result-€4,634 2025

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

Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: 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), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€8,123-€22,247▲ 174%€41,771▲ 87.8%€8,600▼ 79.4%€12,818▲ 49.0%€44,375▲ 246%-€12,626-€2,019▲ 84.0%
Net result€476-€10,913▲ 23×€24,620above the sector's middle half▲ 126%€1,861within the sector's middle half▼ 92.4%€9,306within the sector's middle half▲ 400%€29,181above the sector's middle half▲ 214%-€15,102below the sector's middle half-€4,634below the sector's middle half▲ 69.3%
Equity€27,155-€38,069▲ 40.2%€62,689within the sector's middle half▲ 64.7%€64,549within the sector's middle half▲ 3.0%€73,856within the sector's middle half▲ 14.4%€103,037within the sector's middle half▲ 39.5%€81,685within the sector's middle half▼ 20.7%€66,151within the sector's middle half▼ 19.0%
Total assets€165,900-€146,821▼ 11.5%€156,806within the sector's middle half▲ 6.8%€163,935within the sector's middle half▲ 4.5%€112,101within the sector's middle half▼ 31.6%€147,441within the sector's middle half▲ 31.5%€116,016within the sector's middle half▼ 21.3%€80,885within the sector's middle half▼ 30.3%
Debt€138,745-€108,752▼ 21.6%€94,118▼ 13.5%€99,386▲ 5.6%€38,246▼ 61.5%€44,404▲ 16.1%€34,331▼ 22.7%€14,734▼ 57.1%
Working capital€28,048-€49,254▲ 75.6%€52,993within the sector's middle half▲ 7.6%€56,366within the sector's middle half▲ 6.4%€57,569within the sector's middle half▲ 2.1%€93,023above the sector's middle half▲ 61.6%€78,172within the sector's middle half▼ 16.0%€63,143within the sector's middle half▼ 19.2%
Solvency16.4%-25.9%▲ 9.6pp40.0%within the sector's middle half▲ 14.0pp39.4%within the sector's middle half▼ 0.6pp65.9%above the sector's middle half▲ 26.5pp69.9%above the sector's middle half▲ 4.0pp70.4%above the sector's middle half▲ 0.5pp81.8%above the sector's middle half▲ 11.4pp
Current ratio1.22-1.63▲ 0.401.72within the sector's middle half▲ 0.091.69within the sector's middle half▼ 0.032.62within the sector's middle half▲ 0.933.09above the sector's middle half▲ 0.483.28above the sector's middle half▲ 0.185.29above the sector's middle half▲ 2.01
Return on assets (ROA)0.3%-7.4%▲ 7.1pp15.7%above the sector's middle half▲ 8.3pp1.1%within the sector's middle half▼ 14.6pp8.3%within the sector's middle half▲ 7.2pp19.8%above the sector's middle half▲ 11.5pp-13.0%below the sector's middle half▼ 32.8pp-5.7%below the sector's middle half▲ 7.3pp
Staff (FTE)1-1=1within the sector's middle half=0.8▼ 20.0%
above within below the middle half of NACE 41, Construction of residential and non-residential buildings: 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 micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80,885
Fixed assets €3,008 ▼ 14.4%
Current assets €77,877 ▼ 30.8%
Equity and liabilities €80,885
Equity €66,151 ▼ 19.0%
Debt €14,734 ▼ 57.1%
Debt's share of the balance-sheet total falls from 29.6% to 18.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1,080▲
2024 · -€6,125
Cash flow
-€1,535▲
2024 · -€8,601
Debt to equity
0.22▼
2024 · 0.42
ROE
-7.0%▲
2024 · -18.5%
Interest coverage
0.27▲
2024 · -1.18
Debt ≤ 1 year
€14,734▼
2024 · €34,331
Income taxes
€311▲
2024 · -€193
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90.3% still going

A further 0.5% 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 12,322 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 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€116,016€80,885▼
Fixed assets21/28€3,512€3,008▼
Tangible fixed assets22/27€3,369€2,864▼
Plant, machinery and equipment23€3,369€1,420▼
Furniture and vehicles24€0€1,444▲
Financial fixed assets28€144€144=
Current assets29/58€112,503€77,877▼
Stocks and contracts in progress3€424€0▼
Stocks30/36€424€0▼
Amounts receivable within one year40/41€49,121€38,824▼
Trade receivables40€12,784€8,447▼
Other amounts receivable41€36,336€30,377▼
Cash at bank and in hand54/58€60,638€36,454▼
Deferred charges and accrued income490/1€2,320€2,599▲
Equity and liabilities
Total equity and liabilities10/49€116,016€80,885▼
Equity10/15€81,685€66,151▼
Contributions10/11€6,205€6,205=
Reserves13€90,581€79,681▼
Distributable reserves133€90,581€79,681▼
Profit (loss) carried forward14-€15,102-€19,736▼
Amounts payable17/49€34,331€14,734▼
Amounts payable within one year42/48€34,331€14,734▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€14,407€14,219▼
Suppliers440/4€14,407€14,219▼
Taxes, remuneration and social security45€19,924€515▼
Taxes450/3€19,924€515▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,501€3,099▼
Other operating charges640/8€2,705€2,163▼
Non-recurring operating charges66A€0-
Gross operating margin9900-€3,420€3,244▲
Operating profit (loss)9901-€12,626-€2,019▲
Financial income75/76B€2,521€1,679▼
Recurring financial income75€2,521€1,679▼
Financial charges65/66B€5,190€3,983▼
Recurring financial charges65€5,190€3,983▼
Profit (loss) for the period before taxes9903-€15,295-€4,323▲
Income taxes67/77-€193€311▲
Profit (loss) for the period9904-€15,102-€4,634▲
Profit (loss) for the period to be appropriated9905-€15,102-€4,634▲
Appropriation of the result
Profit (loss) to be appropriated9906-€15,102-€19,736▼
Profit (loss) brought forward from the previous period14P--€15,102
Transfer from equity791/2€6,250€10,900▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€6,250€10,900▲
Return on contributions (dividend)694€6,250€10,900▲

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

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€34,456€0----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,609€11,741€4,766€7,477€7,562€6,922€6,501€3,099▼ 52.3%
Other operating charges640/8---€13,264€2,533€2,575€2,705€2,163▼ 20.0%
Non-recurring operating charges66A-----€1,821€0--
Gross operating margin9900€59,396€70,833€90,320€63,797€22,913€55,693-€3,420€3,244-
Operating profit (loss)9901€8,123€22,247€41,771€8,600€12,818€44,375-€12,626-€2,019▲ 84.0%
Financial income75/76B---€96€5,291€4,205€2,521€1,679▼ 33.4%
Recurring financial income75--€26€96€5,291€4,205€2,521€1,679▼ 33.4%
Financial charges65/66B---€5,144€3,672€5,273€5,190€3,983▼ 23.3%
Recurring financial charges65€5,752€6,065€4,298€5,144€3,672€5,273€5,190€3,983▼ 23.3%
Profit (loss) for the period before taxes9903€2,371€16,182€37,498€3,553€14,437€43,307-€15,295-€4,323▲ 71.7%
Income taxes67/77€1,896€5,269€12,879€1,692€5,130€14,126-€193€311-
Profit (loss) for the period9904€476€10,913€24,620€1,861€9,306€29,181-€15,102-€4,634▲ 69.3%
Profit (loss) for the period to be appropriated9905€476€10,913€24,620€1,861€9,306€29,181-€15,102-€4,634▲ 69.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€165,900€146,821€156,806€163,935€112,101€147,441€116,016€80,885▼ 30.3%
Fixed assets21/28€12,005€18,985€30,321€25,708€18,937€10,014€3,512€3,008▼ 14.4%
Tangible fixed assets22/27€11,731€18,712€30,048€25,434€18,794€9,870€3,369€2,864▼ 15.0%
Plant, machinery and equipment23---€11,820€9,724€6,546€3,369€1,420▼ 57.9%
Furniture and vehicles24---€13,615€9,070€3,324€0€1,444-
Financial fixed assets28€274€274€274€274€144€144€144€144=
Current assets29/58€153,895€127,836€126,485€138,227€93,164€137,427€112,503€77,877▼ 30.8%
Stocks and contracts in progress3€2,080€1,891€1,296€1,043€919€521€424€0▼ 100%
Stocks30/36---€1,043€919€521€424€0▼ 100%
Amounts receivable within one year40/41€142,991€122,905€111,734€133,471€88,599€86,038€49,121€38,824▼ 21.0%
Trade receivables40---€25,128€2,380€10,486€12,784€8,447▼ 33.9%
Other amounts receivable41---€108,343€86,219€75,553€36,336€30,377▼ 16.4%
Cash at bank and in hand54/58€165€85€12,196€98€2,787€48,512€60,638€36,454▼ 39.9%
Deferred charges and accrued income490/1---€3,616€859€2,357€2,320€2,599▲ 12.0%
Equity and liabilities
Total equity and liabilities10/49€165,900€146,821€156,806€163,935€112,101€147,441€116,016€80,885▼ 30.3%
Equity10/15€27,155€38,069€62,689€64,549€73,856€103,037€81,685€66,151▼ 19.0%
Contributions10/11€6,205€6,205-€6,205€6,205€6,205€6,205€6,205=
Reserves13€20,950€31,863€56,483€58,344€67,650€96,831€90,581€79,681▼ 12.0%
Non-distributable reserves130/1---€2,880€2,880€0---
Reserves not available under the articles1311---€2,880€2,880€0---
Distributable reserves133---€55,464€64,770€96,831€90,581€79,681▼ 12.0%
Profit (loss) carried forward14-------€15,102-€19,736▼ 30.7%
Amounts payable17/49€138,745€108,752€94,118€99,386€38,246€44,404€34,331€14,734▼ 57.1%
Amounts payable after more than one year17€2,898€30,171€20,626€17,525€2,650€0---
Financial debts170/4---€17,525€2,650€0---
Amounts payable within one year42/48€125,847€78,582€73,491€81,861€35,595€44,404€34,331€14,734▼ 57.1%
Current portion of amounts payable after more than one year42---€14,810€14,874€2,650€0--
Financial debts43---€13,780-----
Credit institutions430/8---€13,780-----
Trade debts44€66,029€39,557€38,072€35,209€12,399€20,998€14,407€14,219▼ 1.3%
Suppliers440/4---€35,209€12,399€20,998€14,407€14,219▼ 1.3%
Taxes, remuneration and social security45---€18,062€8,322€20,756€19,924€515▼ 97.4%
Taxes450/3---€14,652€8,322€20,756€19,924€515▼ 97.4%
Remuneration and social security454/9---€3,411€0----
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€476€10,913€24,620€1,861€9,306€29,181-€15,102-€4,634▲ 69.3%
+ Depreciation and write-downs630€11,609€11,741€4,766€7,477€7,562€6,922€6,501€3,099▼ 52.3%
Operating cash flow (approximation)€12,084€22,655€29,386€9,338€16,868€36,103-€8,601-€1,535▲ 82.2%
Investment in fixed assets (approximation)--€18,722-€16,102-€2,864-€791€2,002€0-€2,594-
Change in cash--€80€12,111-€12,098€2,689€45,725€12,127-€24,185-

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 27 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 16-07-2026 2026-00299713
31-12-2024 micro format 12-06-2025 2025-00133083
31-12-2023 micro format 13-06-2024 2024-00126257
31-12-2022 micro format 26-06-2023 2023-00154892
31-12-2021 micro format 19-10-2022 2022-20466660
31-12-2020 micro format 30-08-2021 2021-55900580
31-12-2019 micro format 30-10-2020 2020-65100356
31-12-2018 micro format 30-08-2019 2019-55600254
31-12-2017 micro format 08-08-2018 2018-43900203
31-12-2016 micro format 07-07-2017 2017-27900400

Show all 27 filings

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Of the 29,223 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,403. 13,510 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

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