EMBALCOM
ActiveSummary
EMBALCOM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.2m and a net result of €264,784. Equity is growing by ~46.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+3
Solvency85▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 3.46 against 2.95 in 2023; short-term debt: 12.2% and cash: 11.5% of total assets), and 40.4% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
59.6%
Return on assets
7.3%
Age of the figures
21 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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
44 d early
2023
36 d early
2022
19 d early
2021
25 d late
2020
30 d late
2019
59 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 4 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 26 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€264,784▲ 48.6%
2023 · €178,220
Working capital
€1.1m▲ 24.8%
2023 · €869,428
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 46, Wholesale trade, 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
Line20202021202220232024
Operating result€311,741▲ 66.5%€446,225▲ 43.1%€814,171▲ 82.5%€265,353▼ 67.4%€393,592▲ 48.3%
Net result€238,629within the sector's middle half▲ 77.2%€316,227within the sector's middle half▲ 32.5%€683,417above the sector's middle half▲ 116%€178,220within the sector's middle half▼ 73.9%€264,784within the sector's middle half▲ 48.6%
Equity€624,031within the sector's middle half▲ 50.2%€910,258within the sector's middle half▲ 45.9%€1.6mwithin the sector's middle half▲ 76.0%€1.9mwithin the sector's middle half▲ 18.6%€2.2mwithin the sector's middle half▲ 13.6%
Total assets€1.1mwithin the sector's middle half▲ 32.1%€1.4mwithin the sector's middle half▲ 30.3%€3.3mwithin the sector's middle half▲ 127%€3.5mwithin the sector's middle half▲ 6.2%€3.6mwithin the sector's middle half▲ 4.7%
Debt€474,740▲ 14.1%€521,473▲ 9.8%€1.7m▲ 217%€1.6m▼ 5.9%€1.5m▼ 6.1%
Working capital€475,229within the sector's middle half▲ 48.1%€445,676within the sector's middle half▼ 6.2%€541,157within the sector's middle half▲ 21.4%€869,428within the sector's middle half▲ 60.7%€1.1mwithin the sector's middle half▲ 24.8%
Solvency56.8%within the sector's middle half▲ 6.8pp63.6%above the sector's middle half▲ 6.8pp49.2%within the sector's middle half▼ 14.4pp55.0%within the sector's middle half▲ 5.8pp59.6%within the sector's middle half▲ 4.7pp
Current ratio2.02within the sector's middle half▲ 0.251.91within the sector's middle half▼ 0.112.13within the sector's middle half▲ 0.212.95above the sector's middle half▲ 0.833.46above the sector's middle half▲ 0.51
Return on assets (ROA)21.7%above the sector's middle half▲ 5.5pp22.1%above the sector's middle half▲ 0.4pp21.0%above the sector's middle half▼ 1.1pp5.2%within the sector's middle half▼ 15.8pp7.3%within the sector's middle half▲ 2.2pp
Staff (FTE)3.8within the sector's middle half▲ 5.6%3.8within the sector's middle half=3.8within the sector's middle half=3.7within the sector's middle half▼ 2.6%3below the sector's middle half▼ 18.9%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 48% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.6m
Fixed assets
€2.1m ▼ 2.2%
Current assets
€1.5m ▲ 16.0%
Equity and liabilities €3.6m
Equity
€2.2m ▲ 13.6%
Debt
€1.5m ▼ 6.1%
Debt's share of the balance-sheet total falls from 45.0% to 40.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€521,653▲
2023 · €391,591
Cash flow
€392,845▲
2023 · €304,458
Quick ratio
2.27▲
2023 · 1.87
Debt to equity
0.68▼
2023 · 0.82
ROE
12.3%▲
2023 · 9.4%
Interest coverage
31.98▲
2023 · 21.64
Debt ≤ 1 year
€440,384▼
2023 · €444,978
Debt > 1 year
€1.0m▼
2023 · €1.1m
Income taxes
€125,606▲
2023 · €75,916
Staff costs
€151,701▲
2023 · €143,014
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 bankruptcy probability of 0.4% 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 497,340 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | - | €0 | - |
| Remuneration, social security and pensions62 | - | €127,239 | €140,028 | €143,014 | €151,701 | ▲ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,272 | €32,884 | €79,632 | €126,239 | €128,061 | ▲ 1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0 | - |
| Other operating charges640/8 | - | €125,932 | €120,397 | €48,269 | €2,164 | ▼ 95.5% |
| Non-recurring operating charges66A | - | €400 | €1,400 | €15 | €0 | ▼ 100% |
| Gross operating margin9900 | €604,603 | €732,680 | €1.2m | €582,889 | €675,518 | ▲ 15.9% |
| Operating profit (loss)9901 | €311,741 | €446,225 | €814,171 | €265,353 | €393,592 | ▲ 48.3% |
| Financial income75/76B | - | €6,395 | €3,038 | €6,878 | €13,112 | ▲ 90.6% |
| Recurring financial income75 | €889 | €6,365 | €3,038 | €6,808 | €13,112 | ▲ 92.6% |
| Non-recurring financial income76B | - | €30 | - | €70 | - | - |
| Financial charges65/66B | - | €3,643 | €14,484 | €18,095 | €16,314 | ▼ 9.8% |
| Recurring financial charges65 | €2,733 | €3,643 | €14,484 | €18,095 | €16,314 | ▼ 9.8% |
| Profit (loss) for the period before taxes9903 | €309,898 | €448,978 | €802,725 | €254,136 | €390,390 | ▲ 53.6% |
| Income taxes67/77 | €71,268 | €132,750 | €119,308 | €75,916 | €125,606 | ▲ 65.5% |
| Profit (loss) for the period9904 | €238,629 | €316,227 | €683,417 | €178,220 | €264,784 | ▲ 48.6% |
| Profit (loss) for the period to be appropriated9905 | €238,629 | €316,227 | €683,417 | €178,220 | €264,784 | ▲ 48.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.4m | €3.3m | €3.5m | €3.6m | ▲ 4.7% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €158,519 | €498,306 | €2.2m | €2.1m | €2.1m | ▼ 2.2% |
| Tangible fixed assets22/27 | €158,507 | €498,293 | €2.2m | €2.1m | €2.1m | ▼ 2.2% |
| Land and buildings22 | - | €399,851 | €2.1m | €2.0m | €1.9m | ▼ 4.8% |
| Plant, machinery and equipment23 | - | €4,316 | €32,605 | €31,261 | €29,734 | ▼ 4.9% |
| Furniture and vehicles24 | - | €94,126 | €88,396 | €75,256 | €127,856 | ▲ 69.9% |
| Leasing and similar rights25 | - | - | - | €0 | €0 | - |
| Financial fixed assets28 | €12 | €12 | €12 | €12 | €12 | = |
| Current assets29/58 | €940,251 | €933,425 | €1.0m | €1.3m | €1.5m | ▲ 16.0% |
| Stocks and contracts in progress3 | €261,523 | €323,432 | €442,171 | €483,987 | €524,543 | ▲ 8.4% |
| Stocks30/36 | - | €323,432 | €442,171 | €483,987 | €524,543 | ▲ 8.4% |
| Amounts receivable within one year40/41 | €156,160 | €221,471 | €231,333 | €272,821 | €346,612 | ▲ 27.0% |
| Trade receivables40 | - | €221,471 | €231,333 | €241,246 | €309,118 | ▲ 28.1% |
| Other amounts receivable41 | - | - | - | €31,575 | €37,494 | ▲ 18.7% |
| Current investments50/53 | €187,837 | - | €141,724 | - | €238,010 | - |
| Cash at bank and in hand54/58 | €334,731 | €388,522 | €206,835 | €557,599 | €415,843 | ▼ 25.4% |
| Deferred charges and accrued income490/1 | - | €0 | €0 | €0 | €0 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.4m | €3.3m | €3.5m | €3.6m | ▲ 4.7% |
| Equity10/15 | €624,031 | €910,258 | €1.6m | €1.9m | €2.2m | ▲ 13.6% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Capital10 | - | €25,000 | €25,000 | - | - | - |
| Issued capital100 | - | €25,000 | €25,000 | - | - | - |
| Reserves13 | €599,031 | €885,258 | €1.6m | €1.8m | €2.0m | ▲ 15.1% |
| Non-distributable reserves130/1 | - | €28,600 | €28,600 | €28,600 | €28,600 | = |
| Legal reserve130 | - | €28,600 | €28,600 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €28,600 | €28,600 | = |
| Distributable reserves133 | - | €856,658 | €1.5m | €1.7m | €2.0m | ▲ 15.3% |
| Investment grants15 | - | - | - | €119,700 | €113,400 | ▼ 5.3% |
| Amounts payable17/49 | €474,740 | €521,473 | €1.7m | €1.6m | €1.5m | ▼ 6.1% |
| Amounts payable after more than one year17 | €9,718 | €33,724 | €1.2m | €1.1m | €1.0m | ▼ 8.1% |
| Financial debts170/4 | - | €32,534 | €1.2m | €1.1m | €1.0m | ▼ 8.1% |
| Other amounts payable178/9 | - | €1,190 | €1,190 | €1,190 | €1,190 | = |
| Amounts payable within one year42/48 | €465,022 | €487,749 | €480,906 | €444,978 | €440,384 | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | - | €19,233 | €82,428 | €88,950 | €90,156 | ▲ 1.4% |
| Financial debts43 | - | €0 | €0 | €0 | €0 | - |
| Credit institutions430/8 | - | €0 | €0 | €0 | €0 | - |
| Trade debts44 | €196,483 | €201,681 | €209,822 | €183,752 | €202,723 | ▲ 10.3% |
| Suppliers440/4 | - | €201,681 | €209,822 | €183,752 | €202,723 | ▲ 10.3% |
| Taxes, remuneration and social security45 | - | €142,893 | €135,006 | €151,382 | €140,459 | ▼ 7.2% |
| Taxes450/3 | - | €132,773 | €123,265 | €140,127 | €128,521 | ▼ 8.3% |
| Remuneration and social security454/9 | - | €10,120 | €11,741 | €11,255 | €11,937 | ▲ 6.1% |
| Other amounts payable47/48 | - | €123,942 | €53,650 | €20,895 | €7,047 | ▼ 66.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €238,629 | €316,227 | €683,417 | €178,220 | €264,784 | ▲ 48.6% |
| + Depreciation and write-downs630 | €22,272 | €32,884 | €79,632 | €126,239 | €128,061 | ▲ 1.4% |
| Operating cash flow (approximation) | €260,901 | €349,111 | €763,049 | €304,458 | €392,845 | ▲ 29.0% |
| Investment in fixed assets (approximation) | - | -€372,670 | -€1.8m | -€34,684 | -€81,193 | ▼ 134% |
| Change in cash | - | €53,790 | -€181,687 | €350,764 | -€141,756 | ▼ 140% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €2mEq €2.2m ▲13.6%
7 profitable years in a row build equity to €2.2m.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €683,417 ▲116%
Operating result €814,171, net result €683,417, both a record.
31-12
Financial
Equity above €1mEq €1.6m ▲76%
5 profitable years in a row build equity to €1.6m.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Equity above €500,000Eq €624,031 ▲50.2%
3 profitable years in a row build equity to €624,031.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 acts for this company are 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, Soignies · 1 establishment unit since 1990
Ground area
4,944 m²
Building footprint
2,286 m²
Parcel 55040A0749/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
EMBALCOM
since 19902.049.128.463
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55040A0749/00A000 | Wallonia | 4,944 m² | 1 · 2,286 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSoignies2.049.128.463
Legal Entity Identifier
9845007D46V3B070A646
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Of 1,567 companies in sector 46900 we hold annual accounts for 920. 517 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
Founded03-08-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
46900Non-specialised wholesale trade
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441131551
Also
9925:BE0441131551
Registered
02-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.