EMBEDDED ENGINEERING
ActiveSummary
EMBEDDED ENGINEERING has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167k and a net result of €29k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 7.83 against 18.95 in 2024; short-term debt: 12.1% and cash: 79.8% of total assets), and 12.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
87.9%
Return on assets
15.5%
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 27-07-2026, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 d early
2024
23 d late
2023
24 d early
2022
20 d early
2021
21 d late
2020
15 d early
2019
16 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€167k▲ 4.1%
2024 · €160k
2018: €53klowest in 8 years
2019: €78k▲ +47.0% vs 2018
2020: €104k▲ +32.4% vs 2019
2021: €126k▲ +21.2% vs 2020
2022: €128k▲ +1.8% vs 2021
2023: €121k▼ -5.5% vs 2022
2024: €160k▲ +32.2% vs 2023
2025: €167k▲ +4.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€189k▲ 5.9%
2024 · €179k
2018: €58klowest in 8 years
2019: €93k▲ +60.6% vs 2018
2020: €123k▲ +32.4% vs 2019
2021: €146k▲ +19.2% vs 2020
2022: €146k▲ +0.1% vs 2021
2023: €141k▼ -3.9% vs 2022
2024: €179k▲ +27.2% vs 2023
2025: €189k▲ +5.9% vs 2024highest in 8 years
2018 → 2025
Net result
€29k▼ 24.8%
2024 · €39k
2018: €4k
2019: €25k▲ +460% vs 2018
2020: €25k▲ +1.1% vs 2019
2021: €28k▲ +11.2% vs 2020
2022: €2k▼ -91.9% vs 2021lowest in 8 years
2023: €23k▲ +903% vs 2022
2024: €39k▲ +69.9% vs 2023highest in 8 years
2025: €29k▼ -24.8% vs 2024
2018 → 2025
Working capital
€156k▼ 2.0%
2024 · €160k
2018: €45klowest in 8 years
2019: €70k▲ +56.3% vs 2018
2020: €93k▲ +33.5% vs 2019
2021: €126k▲ +35.6% vs 2020
2022: €128k▲ +1.3% vs 2021
2023: €118k▼ -7.5% vs 2022
2024: €160k▲ +35.2% vs 2023highest in 8 years
2025: €156k▼ -2.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€126k-€128k▲ 1.8%€121k▼ 5.5%€160k▲ 32.2%€167k▲ 4.1%
2021: €126k
2022: €128k▲ +1.8% vs 2021
2023: €121k▼ -5.5% vs 2022lowest in 5 years
2024: €160k▲ +32.2% vs 2023
2025: €167k▲ +4.1% vs 2024highest in 5 years
Operating result€39k-€12k▼ 68.9%€34k▲ 184%€41k▲ 18.8%€48k▲ 16.7%
2021: €39k
2022: €12k▼ -68.9% vs 2021lowest in 5 years
2023: €34k▲ +184% vs 2022
2024: €41k▲ +18.8% vs 2023
2025: €48k▲ +16.7% vs 2024highest in 5 years
Net result€28k-€2k▼ 91.9%€23k▲ 903%€39k▲ 69.9%€29k▼ 24.8%
2021: €28k
2022: €2k▼ -91.9% vs 2021lowest in 5 years
2023: €23k▲ +903% vs 2022
2024: €39k▲ +69.9% vs 2023highest in 5 years
2025: €29k▼ -24.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €189k
Fixed assets
€10k ▼ 1.4%
Current assets
€179k ▲ 6.4%
Equity and liabilities €189k
Equity
€167k ▲ 4.1%
Debt
€23k ▲ 21.1%
Debt's share of the balance-sheet total rises from 10.6% to 12.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▲
2024 · €42k
Cash flow
€30k▼
2024 · €41k
Current ratio
7.83▼
2024 · 18.95
Debt to equity
0.14▲
2024 · 0.12
ROE
17.6%▼
2024 · 24.4%
ROA
15.5%▼
2024 · 21.8%
Interest coverage
145.94▲
2024 · 133.82
Debt ≤ 1 year
€23k▲
2024 · €9k
Income taxes
€18k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€179k€189k▲
Fixed assets21/28€10k€10k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€9k€9k=
Current assets29/58€169k€179k▲
Amounts receivable after more than one year29€6k€4k▼
Other amounts receivable291€6k€4k▼
Amounts receivable within one year40/41€22k€24k▲
Trade receivables40€15k€20k▲
Other amounts receivable41€7k€5k▼
Cash at bank and in hand54/58€141k€151k▲
Deferred charges and accrued income490/1-€202
Equity and liabilities
Total equity and liabilities10/49€179k€189k▲
Equity10/15€160k€167k▲
Reserves13€160k€167k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€158k€165k▲
Amounts payable17/49€19k€23k▲
Amounts payable within one year42/48€9k€23k▲
Current portion of amounts payable after more than one year42-€11k
Trade debts44€144€792▲
Suppliers440/4€144€792▲
Taxes, remuneration and social security45€1k€11k▲
Taxes450/3€1k€11k▲
Other amounts payable47/48€7k-
Accrued charges and deferred income492/3€10k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€708€609▼
Non-recurring operating charges66A€0-
Gross operating margin9900€43k€49k▲
Operating profit (loss)9901€41k€48k▲
Financial income75/76B-€205
Recurring financial income75-€205
Financial charges65/66B€317€334▲
Recurring financial charges65€317€334▲
Profit (loss) for the period before taxes9903€40k€47k▲
Transfer from deferred taxes780€0-
Transfer to deferred taxes680€0-
Income taxes67/77€2k€18k▲
Profit (loss) for the period9904€39k€29k▼
Profit (loss) for the period to be appropriated9905€39k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€29k▼
Transfer from equity791/2-€23k
Transfer to equity691/2€39k€29k▼
To other reserves6921€39k€29k▼
Profit to be distributed694/7-€23k
Return on contributions (dividend)694-€23k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €2k | €2k | €1k | ▼ 25.3% |
| Other operating charges640/8 | €652 | €649 | €865 | €708 | €609 | ▼ 14.0% |
| Non-recurring operating charges66A | - | - | €2k | €0 | - | - |
| Gross operating margin9900 | €41k | €15k | €39k | €43k | €49k | ▲ 14.6% |
| Operating profit (loss)9901 | €39k | €12k | €34k | €41k | €48k | ▲ 16.7% |
| Financial income75/76B | - | - | - | - | €205 | - |
| Recurring financial income75 | - | - | - | - | €205 | - |
| Financial charges65/66B | €148 | €121 | €341 | €317 | €334 | ▲ 5.5% |
| Recurring financial charges65 | €148 | €121 | €341 | €317 | €334 | ▲ 5.5% |
| Profit (loss) for the period before taxes9903 | €39k | €12k | €34k | €40k | €47k | ▲ 17.3% |
| Transfer from deferred taxes780 | - | - | - | €0 | - | - |
| Transfer to deferred taxes680 | - | - | - | €0 | - | - |
| Income taxes67/77 | €11k | €10k | €11k | €2k | €18k | ▲ 1,109% |
| Profit (loss) for the period9904 | €28k | €2k | €23k | €39k | €29k | ▼ 24.8% |
| Profit (loss) for the period to be appropriated9905 | €28k | €2k | €23k | €39k | €29k | ▼ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146k | €146k | €141k | €179k | €189k | ▲ 5.9% |
| Fixed assets21/28 | €12k | €10k | €12k | €10k | €10k | ▼ 1.4% |
| Tangible fixed assets22/27 | €4k | €2k | €3k | €2k | €1k | ▼ 9.6% |
| Furniture and vehicles24 | €4k | €2k | €3k | €2k | €1k | ▼ 9.6% |
| Financial fixed assets28 | €9k | €9k | €9k | €9k | €9k | = |
| Current assets29/58 | €134k | €136k | €129k | €169k | €179k | ▲ 6.4% |
| Amounts receivable after more than one year29 | €17k | €18k | €12k | €6k | €4k | ▼ 40.4% |
| Other amounts receivable291 | €17k | €18k | €12k | €6k | €4k | ▼ 40.4% |
| Amounts receivable within one year40/41 | €18k | €18k | €21k | €22k | €24k | ▲ 11.1% |
| Trade receivables40 | €12k | €12k | €15k | €15k | €20k | ▲ 32.7% |
| Other amounts receivable41 | €6k | €6k | €6k | €7k | €5k | ▼ 34.2% |
| Cash at bank and in hand54/58 | €99k | €101k | €95k | €141k | €151k | ▲ 7.6% |
| Deferred charges and accrued income490/1 | €852 | - | - | - | €202 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146k | €146k | €141k | €179k | €189k | ▲ 5.9% |
| Equity10/15 | €126k | €128k | €121k | €160k | €167k | ▲ 4.1% |
| Contributions10/11 | €124k | €126k | - | - | - | - |
| Reserves13 | €2k | €2k | €121k | €160k | €167k | ▲ 4.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | €119k | €158k | €165k | ▲ 4.2% |
| Amounts payable17/49 | €20k | €18k | €20k | €19k | €23k | ▲ 21.1% |
| Amounts payable within one year42/48 | €8k | €8k | €11k | €9k | €23k | ▲ 157% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €11k | - |
| Trade debts44 | €438 | - | €957 | €144 | €792 | ▲ 451% |
| Suppliers440/4 | €438 | - | €957 | €144 | €792 | ▲ 451% |
| Taxes, remuneration and social security45 | €2k | €8k | €2k | €1k | €11k | ▲ 661% |
| Taxes450/3 | €2k | €8k | €2k | €1k | €11k | ▲ 661% |
| Other amounts payable47/48 | €5k | - | €8k | €7k | - | - |
| Accrued charges and deferred income492/3 | €13k | €10k | €9k | €10k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €2k | €23k | €39k | €29k | ▼ 24.8% |
| + Depreciation and write-downs630 | €1k | €2k | €2k | €2k | €1k | ▼ 25.3% |
| Operating cash flow (approximation) | €30k | €4k | €25k | €41k | €30k | ▼ 24.8% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €0 | €-1k | - |
| Change in cash | - | €2k | €-5k | €45k | €11k | ▼ 76.5% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Highest result since 2018net €39k ▲69.9%
Net result €39k, the highest in the series.
31-12
Financial
Equity above €150kEq €160k ▲32.2%
7 profitable years in a row build equity to €160k.
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €2k ▼91.9%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 17.02
Current ratio from 5.93 to 17.02; short-term debt falls from €19k to €8k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €104k ▲32.4%
3 profitable years in a row build equity to €104k.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Zonhoven · 1 establishment unit since 2017
Ground area
1,779 m²
Building footprint
177 m²
Volume, LiDAR
805 m³
Parcel 71442D0132/00P122, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
EMBEDDED ENGINEERING
since 20172.259.329.344
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71442D0132/00P122 | Flanders | 1,779 m² | 1 · 177 m² | 6.5 m · 2 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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,896. 5,399 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
Founded19-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
Contact
E-mail
ruben.hermans@embedded-engineering.be
Scores and ratios are computed by Checked and are not a credit decision.