EMBEE
Annual accounts 2025
micro format, filed on 06-08-2026, 6 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €95,000 and €290,000.
Balance sheet
balance sheet total €158,789 on 31-12-2025Change in equityin euro
Change in cashin euro
Position in the sector
Solvency15.6%
Higher than 21% of 2,300 companies in 2025.
Current ratio1.17
Higher than 28% of 2,197 companies in 2025.
Return on assets18.0%
Higher than 56% of 2,231 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
Total assets20/58 |
158,789 | 113,584 | 87,606 | |
Fixed assets21/28 |
1,508 | - | - | |
Tangible fixed assets22/27 |
1,508 | - | - | |
Plant, machinery and equipment23 |
1,508 | - | - | |
Current assets29/58 |
157,281 | 113,584 | 87,606 | |
Amounts receivable within one year40/41 |
12,237 | 8,808 | 9,600 | |
Trade receivables40 |
12,237 | 8,100 | 9,600 | |
Other amounts receivable41 |
0 | 708 | - | |
Cash at bank and in hand54/58 |
145,045 | 104,776 | 78,006 | |
| Balance sheet: equity and liabilities | ||||
Total equity and liabilities10/49 |
158,789 | 113,584 | 87,606 | |
Equity10/15 |
24,699 | 96,189 | 52,625 | |
Reserves13 |
96,189 | 96,189 | 52,625 | |
Distributable reserves133 |
96,189 | 96,189 | 52,625 | |
Profit (loss) carried forward14 |
-71,490 | - | - | |
Amounts payable17/49 |
134,091 | 17,395 | 34,982 | |
Amounts payable within one year42/48 |
134,091 | 17,395 | 34,982 | |
Trade debts44 |
196 | 67 | - | |
Suppliers440/4 |
196 | 67 | - | |
Taxes, remuneration and social security45 |
29,036 | 12,440 | 30,972 | |
Taxes450/3 |
20,958 | 9,771 | 28,356 | |
Remuneration and social security454/9 |
8,077 | 2,669 | 2,616 | |
Other amounts payable47/48 |
104,859 | 4,888 | 4,010 | |
| Income statement | ||||
Gross operating margin9900 |
39,523 | 60,560 | 75,585 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
561 | - | - | |
Other operating charges640/8 |
762 | 352 | 929 | |
Operating profit (loss)9901 |
38,201 | 60,207 | 74,656 | |
Financial income75/76B |
0 | - | - | |
Recurring financial income75 |
0 | - | - | |
Financial charges65/66B |
114 | 113 | 585 | |
Recurring financial charges65 |
114 | 113 | 585 | |
Profit (loss) for the period before taxes9903 |
38,087 | 60,095 | 74,070 | |
Income taxes67/77 |
9,577 | 16,531 | 21,446 | |
Profit (loss) for the period9904 |
28,510 | 43,564 | 52,625 | |
Profit (loss) for the period to be appropriated9905 |
28,510 | 43,564 | 52,625 | |
| Appropriation of the result | ||||
Profit (loss) to be appropriated9906 |
28,510 | 43,564 | 52,625 | |
Transfer to equity691/2 |
0 | 43,564 | 52,625 | |
To other reserves6921 |
0 | 43,564 | 52,625 | |
Profit to be distributed694/7 |
100,000 | - | - | |
Return on contributions (dividend)694 |
100,000 | - | - | |
| Document | ||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 6 days after the deadline. Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00387214.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| EBITDA | 38,762 | - | - | |
| Cash flow | 29,071 | - | - | |
| Investment in fixed assets | 2,069 | - | - | |
| Change in cash | 40,269 | 26,770 | - | |
| Working capital | 23,190 | 96,189 | 52,625 | |
| Solvency | 15.6% | 84.7% | 60.1% | |
| Current ratio | 1.17 | 6.53 | 2.50 | |
| Debt to equity | 5.43 | 0.18 | 0.66 | |
| ROE | 115.4% | 45.3% | 100.0% | |
| ROA | 18.0% | 38.4% | 60.1% | |
| Interest coverage | over 100 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €2,069 | - | - |
| Financial fixed assets | €0 | - | - |
| Depreciation and write-downs of the year | €561 | - | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on EMBEE
The operating result for 2025 is 37% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 15.3% to 84.4%. Equity is lower and debt is higher.