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EMBEDDED ENGINEERING

Active
Private limited companyfounded 20169 yrs activeDennenweg 42, 3520 Zonhoven, BelgiumKBO/BCE: BE 0667.811.247
Summary

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 2025
Solvency, 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 filings
Deviation 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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

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
€0€20k€40kOperating result 2021: €39k€39kNet result 2021: €28k€28kOperating result 2022: €12k€12kNet result 2022: €2k€2kOperating result 2023: €34k€34kNet result 2023: €23k€23kOperating result 2024: €41k€41kNet result 2024: €39k€39kOperating result 2025: €48k€48kNet result 2025: €29k€29k20212022202320242025€0€20k€40kOperating result 2023: €34k€34kNet result 2023: €23k€23kOperating result 2024: €41k€41kNet result 2024: €39k€39kOperating result 2025: €48k€48kNet result 2025: €29k€29k202320242025
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
2025 value · change against 2024
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
Line20212022202320242025Change
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%
Line20212022202320242025Change
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--
Line20212022202320242025Change
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.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
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
seat establishment The establishment unit on the map
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
Dennenweg 42 A, 3520 ZonhovenComputer programming, consultancy and related activities
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.

Similar companies · same sector, comparable size

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.