Debts
€37,163 74% of the balance sheet
EMBERCRYPT
Overview
Lifetime
3 annual accounts with figures on one time axispeak €20,012 (2023)
€2,204▲ €8,805
lowest -€6,889 (2024)
€1,916▲ €8,805
peak €18,332 (2023)
€13,359▲ 16.7%
€37,163▲ 12×
Board1 name since 2022
1 director
Documentsfilings and deeds
26-08-202626 days late
2025micro format
Gross margin from -€6,600 to €2,204Back to profit: €1,916Equity from €11,444 to €13,359Debts from €3,135 to €37,163Cash from €1,318 to €9,531
Key points
from the 2025 annual accountsLiquidity
1.36 was 4.65 in 2024
Short-term debts rose from €3,135 to €37,163.
At the same address
16 companies
2025 accounts filed 26 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,542 companies had the same profile as EMBERCRYPT has now. Each dot stands for 7 companies, two years later.
95.0%
were still trading
1.2%
stopped another way
3.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,542 companies, not a prediction for EMBERCRYPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0789560895
Registered office moved from Oudenaarde to Ghent
New registered office: Wiedauwkaai 51 te 9000 Gent · Previous registered office: Jacob Lacopstraat 3 te 9700 Oudenaarde · Gazette deed
Incorporation
Founder: (comparant) · 100 shares · Appointment: (director) · published on 12-08-2022 · Gazette deed
First establishment
Wiedauwkaai 51, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EMBERCRYPT Ghent | €50,522 | €2,204 | 26.4% | - |
| CB ELEVEN Roosdaal | €73,077 | -€6,993 | 99.3% | - |
| SINANI SECURITY Brussels | €87,590 | -€9,418 | 69.1% | - |
| Viking Security Antwerp | €89,998 | -€2,277 | 27.1% | - |
| SECURITY CONSULTANT AND TRAINER DECAMPS CHRISTOPHE Braine-le-Comte | €22,426 | €6,156 | 61.0% | - |
| Group FB Veurne | €24,317 | -€2,565 | 25.6% | - |
| BTK-SOLUTIONS Stekene | €35,473 | €14,032 | 58.6% | - |
These companies have the same main activity as EMBERCRYPT: investigation and private security services (NACE 80010). They are comparable in size and age: total assets between €22,400 and €90,000, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 10-08-2022Normal situation
- Registered office
- 17 active companies are registered at this address5 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Investigation and private security servicesNACE 80010
- Establishment unit
- 2.334.290.6479000 Ghent, since 10-08-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 18-06-2025
Annual accounts 2025
- €2,204
- ≈ €17,000estimated
- €1,916
- €13,359▲ 16.7%
- €50,522▲ 247%
- Filing
- Filed on 26-08-2026
Insights on EMBERCRYPT
EMBERCRYPT files the micro format. That format states no turnover. The gross margin fell from €20,012 in 2023 to €2,204 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 26-08-2026, 26 days late€2,204
▲ €8,805
€1,988
▲ €8,805
€1,916
▲ €8,805
€13,359
▲ 16.7%
26.4%
▼ 52.1 percentage points
1.36
▼ 3.29
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €17,000. Estimated: probably between €7,700 and €40,000.
Balance sheet
balance sheet total €50,522 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
26.4%
Higher than 36% of 353 companies in 2025.
1.36
Higher than 41% of 334 companies in 2025.
3.8%
Higher than 42% of 339 companies in 2025.
EMBERCRYPT
Middle half of the sector
80% of the sector
Micro accounts in security and investigation (NACE 80)
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 | ||||
20/58 |
50,522 | 14,579 | 23,596 | |
29/58 |
50,522 | 14,579 | 23,596 | |
3 |
11,519 | 11,519 | - | |
30/36 |
11,519 | 11,519 | - | |
40/41 |
29,472 | 1,742 | 840 | |
40 |
28,854 | - | 840 | |
41 |
618 | 1,742 | - | |
54/58 |
9,531 | 1,318 | 22,756 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
50,522 | 14,579 | 23,596 | |
10/15 |
13,359 | 11,444 | 18,332 | |
10/11 |
2,500 | 2,500 | 2,500 | |
14 |
10,859 | 8,944 | 15,832 | |
17/49 |
37,163 | 3,135 | 5,264 | |
42/48 |
37,163 | 3,135 | 5,264 | |
44 |
6,971 | 118 | 1,066 | |
440/4 |
6,971 | 118 | 1,066 | |
45 |
- | - | 4,013 | |
450/3 |
- | - | 4,013 | |
47/48 |
30,192 | 3,017 | 185 | |
| Income statement | ||||
9900 |
2,204 | -6,600 | 20,012 | |
640/8 |
216 | 216 | 132 | |
9901 |
1,988 | -6,817 | 19,880 | |
75/76B |
- | - | 8 | |
75 |
- | - | 8 | |
65/66B |
72 | 72 | 57 | |
65 |
72 | 72 | 57 | |
9903 |
1,916 | -6,889 | 19,831 | |
67/77 |
- | - | 3,999 | |
9904 |
1,916 | -6,889 | 15,832 | |
9905 |
1,916 | -6,889 | 15,832 | |
| Appropriation of the result | ||||
9906 |
10,859 | 8,944 | 15,832 | |
14P |
8,944 | 15,832 | - | |
| Document | ||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00428228.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 8,214 | -21,438 | - | ||
| 13,359 | 11,444 | 18,332 | ||
| 26.4% | 78.5% | 77.7% | ||
| 1.36 | 4.65 | 4.48 | ||
| 1.05 | 0.98 | 4.48 | ||
| 2.78 | 0.27 | 0.29 | ||
| 14.3% | -60.2% | 86.4% | ||
| 3.8% | -47.3% | 67.1% |
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.
Insights on EMBERCRYPT
The operating result for 2025 is a profit of €1,988, after a loss of €6,817 in 2024.
Debt's share of the balance-sheet total rises from 21.5% to 73.6%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector
since 10-08-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 26-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 12-08-2022
Mandates through the years
1 name, the dashed line is todayDirector
Board
Mandates as a list
-
- Director, from 10-08-2022 to date
Control
Founder
This company
EMBERCRYPT
Equity €13,359
Profit €1,916 in 2025
Capital
- Contribution
- €2,500
- Shares
- 100
- Contribution per share
- €25
- Equity per share
- €134 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 12-08-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Monday of June at 19:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 12-08-2022 ↗
- 100 shares (100%) · €2,500
Network & group
No group
EMBERCRYPT has no parent and no holdings in its annual accounts. is the only director. EMBERCRYPT shares no director with another company.
At the same address
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total assets €93,272 (2025) 0786.524.203 |
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total assets €61,384 (2025) 0744.529.042 |
| WALLINOFFICIAL
registered office since 23-02-2022 · founded in 2022 |
total assets €54,646 (2025) 0782.514.242 |
| Ita Vero
registered office since 04-05-2023 · founded in 2023 · negative equity (2025) |
total assets €15,317 (2025) 0801.434.091 |
| Resole Express
registered office since 01-11-2026 |
founded in 2026 1042.751.582 |
| Van Maele, Aaron (sole trader)
establishment since 01-11-2026 |
founded in 2026 1042.337.056 |
| Ververs, Myrthe (sole trader)
establishment since 01-11-2026 |
founded in 2026 1041.924.906 |
| Bruns, Charlotte (sole trader)
establishment since 01-07-2026 |
founded in 2026 0563.373.624 |
| FermDens
registered office since 28-06-2026 |
founded in 2026 1039.532.964 |
| WATTLOOP
registered office since 26-09-2025 |
founded in 2025 1028.171.492 |
Timeline
Timeline
9 events since 2022Filings
Financial
Establishments
Address
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 26 days late
2025
Back to profit net €1,916 The net result is €1,916, after one loss-making year.
Annual accounts 2024 filed PDFmicro format · 13 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0789560895
2024
Weakest financial year net -€6,889 The net result drops to -€6,889, the lowest from 2023 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 37 days before the deadline
2023
Registered office moved from Oudenaarde to GhentNew registered office: Wiedauwkaai 51 te 9000 Gent · Previous registered office: Jacob Lacopstraat 3 te 9700 Oudenaarde1 point ▸
- Registered-office move, Wiedauwkaai 51 te 9000 Gent
- The deed holds 1 more point.
2022
IncorporationFounder: (comparant) · 100 shares · Appointment: (director) · published on 12-08-20225 points ▸
- Founder, (comparant)
- 100 shares
- Registered office clause, Jacob Lacopsstraat 3, 9700 Oudenaarde
- Board rule, 1
- Director appointment,
- The deed holds 6 more points.
First establishment Wiedauwkaai 51, Ghent
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0789.560.895
- VAT number
- BE 0789.560.895
- Peppol ID
- 0208:0789560895
- Other Peppol ID
- 9925:BE0789560895
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 10-08-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Monday of June at 19:00deed of 12-08-2022 (in Dutch)
- Peppol
- Reachable since 18-06-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- EMBERCRYPT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 12-08-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 12-08-2022 (in Dutch)
Activities
NACEBEL 202580010
Investigation and private security services main activity
Codes under NACEBEL 2008
80100
Investigation and security activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Firmware uitlezen van ingebedde chips; Reverse engineering van software & firmware; Consulting voor diagnostische software van wagens…”deed of 12-08-2022 (in Dutch)
7 activities
- Firmware uitlezen van ingebedde chips
- Reverse engineering van software & firmware
- Consulting voor diagnostische software van wagens (immobiliseren algoritmes,veiligheid diagnostische protocollen,interne communicatiebussen)
- Workshops over side-channel analysis,fault-injection,firmware extraction,reverse engineering
- Oplossingen voor geplande veroudering van elektronische apparaten met betrekking tot right to repair (EU wetgeving)
- Repareren & analyseren elektronische apparaten & ingebedde chips
- Projecten ter bevordering van sociale cohesie en gemeenschap
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Wiedauwkaai 51 registered office 9000 Ghent 58290 Other software publishing | 10-08-2022 | 2.334.290.647 |
1 former office
- Jacob Lacopstraat 3, 9700 Oudenaarde until the deed of 31-03-2023
Buildings and parcels at the address
- Ground area
- 8,665 m²
- Buildings
- 2,008 m²
- Volume, LiDAR
- 18,182 m³
- Tallest building
- 14.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44807G0310/00E002 | 8,665 m² | 1 · 2,008 m² | 14.9 m · 3 |