EGM
ActiveSummary
EGM has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98,930 and a net result of €30,177. Equity is growing by ~40% per year across the filed fiscal years. Its solvency ranks better than 82% of 4814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+16
Solvency99▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.81 against 2.94 in 2024; short-term debt: 25.5% and cash: 45.4% of total assets), and 25.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.1%
Return on assets
22.6%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
11 d late
2023
28 d late
2022
29 d late
2021
2 d early
2020
30 d late
2019
143 d late
← 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 33 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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 11 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€30,177▲ 154%
2024 · €11,874
Working capital
€61,608▼ 7.4%
2024 · €66,555
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33,677▼ 0.9%€55,948▲ 66.1%€49,132▼ 12.2%€12,175▼ 75.2%€33,088▲ 172%
Net result€27,080above the sector's middle half▼ 19.8%€45,139above the sector's middle half▲ 66.7%€40,438above the sector's middle half▼ 10.4%€11,874within the sector's middle half▼ 70.6%€30,177above the sector's middle half▲ 154%
Equity€35,303within the sector's middle half▲ 329%€64,442within the sector's middle half▲ 82.5%€88,880within the sector's middle half▲ 37.9%€84,754within the sector's middle half▼ 4.6%€98,930within the sector's middle half▲ 16.7%
Total assets€70,869within the sector's middle half▲ 9.8%€122,188within the sector's middle half▲ 72.4%€134,966within the sector's middle half▲ 10.5%€119,131within the sector's middle half▼ 11.7%€133,501within the sector's middle half▲ 12.1%
Debt€35,567▼ 36.8%€57,746▲ 62.4%€46,086▼ 20.2%€34,377▼ 25.4%€34,571▲ 0.6%
Working capital€16,390within the sector's middle half€37,858within the sector's middle half▲ 131%€57,253above the sector's middle half▲ 51.2%€66,555above the sector's middle half▲ 16.2%€61,608above the sector's middle half▼ 7.4%
Solvency49.8%within the sector's middle half▲ 37.1pp52.7%within the sector's middle half▲ 2.9pp65.9%above the sector's middle half▲ 13.1pp71.1%above the sector's middle half▲ 5.3pp74.1%above the sector's middle half▲ 3.0pp
Current ratio1.46within the sector's middle half▲ 0.651.66within the sector's middle half▲ 0.192.24within the sector's middle half▲ 0.592.94above the sector's middle half▲ 0.692.81above the sector's middle half▼ 0.13
Return on assets (ROA)38.2%above the sector's middle half▼ 14.1pp36.9%above the sector's middle half▼ 1.3pp30.0%above the sector's middle half▼ 7.0pp10.0%within the sector's middle half▼ 20.0pp22.6%above the sector's middle half▲ 12.6pp
Staff (FTE)1.1▲ 10.0%0.8▼ 27.3%0.9▲ 12.5%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 172% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133,501
Fixed assets
€37,823 ▲ 108%
Current assets
€95,679 ▼ 5.2%
Equity and liabilities €133,501
Equity
€98,930 ▲ 16.7%
Debt
€34,571 ▲ 0.6%
Debt's share of the balance-sheet total falls from 28.9% to 25.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42,340▲
2024 · €26,107
Cash flow
€39,429▲
2024 · €25,806
Debt to equity
0.35▼
2024 · 0.41
ROE
30.5%▲
2024 · 14.0%
Interest coverage
861.45▲
2024 · 181.94
Debt ≤ 1 year
€34,071▼
2024 · €34,377
Income taxes
€2,862▲
2024 · €224
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% 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 31,371 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6,000 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €23,392 | €17,868 | €24,128 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,525 | €6,611 | €9,358 | €13,932 | €9,253 | ▼ 33.6% |
| Other operating charges640/8 | €861 | €4,990 | €1,309 | €1,341 | €2,248 | ▲ 67.7% |
| Gross operating margin9900 | €64,456 | €85,417 | €83,927 | €27,448 | €44,588 | ▲ 62.4% |
| Operating profit (loss)9901 | €33,677 | €55,948 | €49,132 | €12,175 | €33,088 | ▲ 172% |
| Financial income75/76B | €1 | €28 | - | €66 | - | - |
| Recurring financial income75 | €1 | €28 | - | €66 | - | - |
| Financial charges65/66B | €37 | €45 | €40 | €143 | €49 | ▼ 65.7% |
| Recurring financial charges65 | €37 | €45 | €40 | €143 | €49 | ▼ 65.7% |
| Profit (loss) for the period before taxes9903 | €33,641 | €55,931 | €49,092 | €12,098 | €33,038 | ▲ 173% |
| Income taxes67/77 | €6,562 | €10,792 | €8,655 | €224 | €2,862 | ▲ 1,178% |
| Profit (loss) for the period9904 | €27,080 | €45,139 | €40,438 | €11,874 | €30,177 | ▲ 154% |
| Profit (loss) for the period to be appropriated9905 | €27,080 | €45,139 | €40,438 | €11,874 | €30,177 | ▲ 154% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,869 | €122,188 | €134,966 | €119,131 | €133,501 | ▲ 12.1% |
| Fixed assets21/28 | €19,030 | €26,584 | €31,627 | €18,199 | €37,823 | ▲ 108% |
| Intangible fixed assets21 | €12,000 | €10,000 | €18,729 | €14,163 | €7,996 | ▼ 43.5% |
| Tangible fixed assets22/27 | €6,034 | €15,589 | €11,902 | €4,036 | €29,826 | ▲ 639% |
| Furniture and vehicles24 | €6,034 | €15,589 | €11,902 | €4,036 | €29,826 | ▲ 639% |
| Financial fixed assets28 | €996 | €996 | €996 | - | - | - |
| Current assets29/58 | €51,839 | €95,604 | €103,340 | €100,932 | €95,679 | ▼ 5.2% |
| Amounts receivable within one year40/41 | €16,543 | €6,967 | €10,205 | €18,541 | €33,026 | ▲ 78.1% |
| Trade receivables40 | €12,215 | €2,867 | €2,396 | €46 | - | - |
| Other amounts receivable41 | €4,329 | €4,099 | €7,809 | €18,495 | €33,026 | ▲ 78.6% |
| Cash at bank and in hand54/58 | €34,239 | €88,637 | €93,135 | €82,391 | €60,667 | ▼ 26.4% |
| Deferred charges and accrued income490/1 | €1,057 | - | - | - | €1,986 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,869 | €122,188 | €134,966 | €119,131 | €133,501 | ▲ 12.1% |
| Equity10/15 | €35,303 | €64,442 | €88,880 | €84,754 | €98,930 | ▲ 16.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €14,843 | €43,982 | €68,420 | €64,294 | €78,470 | ▲ 22.1% |
| Amounts payable17/49 | €35,567 | €57,746 | €46,086 | €34,377 | €34,571 | ▲ 0.6% |
| Amounts payable within one year42/48 | €35,449 | €57,746 | €46,086 | €34,377 | €34,071 | ▼ 0.9% |
| Trade debts44 | €13,655 | €12,841 | €6,896 | €427 | €10,172 | ▲ 2,281% |
| Suppliers440/4 | €13,655 | €12,841 | €6,896 | €427 | €10,172 | ▲ 2,281% |
| Taxes, remuneration and social security45 | €10,655 | €12,491 | €9,618 | €2,233 | - | - |
| Taxes450/3 | €6,800 | €10,792 | €1,205 | - | - | - |
| Remuneration and social security454/9 | €3,855 | €1,699 | €8,412 | €2,233 | - | - |
| Other amounts payable47/48 | €11,139 | €32,415 | €29,573 | €31,717 | €23,900 | ▼ 24.6% |
| Accrued charges and deferred income492/3 | €117 | - | - | - | €500 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,080 | €45,139 | €40,438 | €11,874 | €30,177 | ▲ 154% |
| + Depreciation and write-downs630 | €6,525 | €6,611 | €9,358 | €13,932 | €9,253 | ▼ 33.6% |
| Operating cash flow (approximation) | €33,605 | €51,751 | €49,796 | €25,806 | €39,429 | ▲ 52.8% |
| Investment in fixed assets (approximation) | - | -€14,166 | -€14,400 | -€504 | -€28,877 | ▼ 5,626% |
| Change in cash | - | €54,399 | €4,497 | -€10,743 | -€21,724 | ▼ 102% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €45,139 ▲66.7%
Operating result €55,948, net result €45,139, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €33,783
Net result €33,783 after 2 loss-making years.
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 143 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2001
Ground area
683 m²
Building footprint
191 m²
Volume, LiDAR
4,322 m³
Parcel 21442A0084/00D022, Brussels · tallest building 27.2 m, ±8 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Troonstraat 220, 1050 Elsene
since 20012.094.525.651
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0084/00D022 ProtectedArchitectural ensembleGeheel van twee herenhuizen in neoklassieke stijl ontworpen door Louis De CurteSource ↗ |
Brussels | 683 m² | 1 · 191 m² | 27.2 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 6,680 companies in this sector we hold annual accounts for 2,305. 1,623 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded06-09-2001
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
61100Wired, wireless and satellite telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475582288
Also
9925:BE0475582288
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.