Result
€702,612 ▼ 61.0%
The result fell in 2025 from €1.8m to €702,612.
EMBUILD
Lifetime
18 annual accounts with figures on one time axis, 20 filings since 2006peak €8.4m (2022)
€8.0m▼ 0.1%
lowest -€1.9m (2008)
€702,612▼ 61.0%
peak €34.8m (2025)
€34.8m▲ 2.1%
€10.8m▲ 1.6%
peak 114.1 FTE (2021)
109.9 FTE▲ 3.1%
Board146 names since 1997all names
24 directorsKONING Michel and 23 others
Documentsfilings and deeds
13-08-202613 days late
2025abbreviated format
Result from €1.8m to €702,612Resignation: NEYRINCK Karl (director) 19-091 director appointed, 1 resignation, 7 reappointments 23-04Reappointment: KPMG Bedrijfsrevisoren (statutory auditor) 06-02Cash from €6.9m to €9.5m
Key points
from the 2025 annual accountsPayment terms
68 days to suppliers
EMBUILD pays its suppliers 6 days later than in 2024. Customers pay 26 days earlier.
At the same address
38 companies
Board
3 joined · 3 left
Board changed. Latest change 25-03-2026 · 24 in office.
Position in the sector
€34.8m
More equity than 95% of companies in membership organisations. Sector median €1.6m · 321 companies.
Public support
€1.5m awarded from 2022 to 2025
Flemish support, mostly Programma Circulaire Economie.
2025 accounts filed 13 days after the deadline
Checked score
95
Excellent
Financially stronger than 60% of medium-sized companies in membership organisations (NACE 94)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 75 companies (NACE 94, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Legal form: non-profit association
Liquidity: current ratio 5.01, cash €9.5m
Sector: Activities of membership organisations (NACE 94)
Equity €34.8m (76.2% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 94, medium-sized). It does better than 89% of them on solvency, 76% on liquidity, 25% on profitability and 48% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as EMBUILD has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of EMBUILD itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,887 companies, not a prediction for EMBUILD. 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
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.01 (4.85 in 2024), above the usual 1.5. Short-term debt is 17.4% and cash 20.9% of total assets. 23.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
13 days late
2024
30 days early
2023
22 days early
2022
35 days early
2021
108 days early
2020
128 days early
2019
85 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 56 days before the deadline. In the sector (NACE 94), the median for financial year 2024 was 29 days before the deadline, and 25% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
2 directors appointed, 2 resignations, 5 reappointments
Resignations: Dirk PEYTIER and Vera DESAUW · Reappointments: POLET Jean, MARCHAND Florian, LAUSIER Vivian, HALLAUX Delphine and BIESMANS Yves · Appointments: LOUPPE Quentin and CORBEELS Fanny · Gazette deed
New chair
Karl NEYRINCK appointed, MAES Christophe resigned · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0406479092
Resignation: NEYRINCK Karl (director)
Reappointment: THONISSEN Marc (director) · Board meeting of 25-06-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EMBUILD Brussels | €8.0m | -20.0% | 76.2% | 109.9 |
| Union Internationale des Transports Publics Molenbeek-Saint-Jean | €7.0m | 12.2% | - | 93.1 |
| ATTENTIA, Erkend interprofessioneel Sociaal Secretariaat Berchem-Sainte-Agathe | €20.7m | -2.8% | 1.8% | 114 |
| AGORIA Brussels | €9.5m | 0.4% | 85.1% | 180.7 |
| CONSEIL EUROPEEN DE L'INDUSTRIE CHIMIQUE - EUROPEAN CHEMICAL INDUSTRY COUNCIL Etterbeek | €4.4m | -6.6% | 46.4% | 157 |
| Association Pharmaceutique Belge-Algemene Pharmaceutische Bond Brussels | €13.4m | 4.9% | 54.5% | 96.8 |
| Unie van Zelfstandige Ondernemers Brussels | €3.3m | 3.4% | 15.4% | 81.8 |
Grey: the largest companies of the sector (membership organisations (NACE 94)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as EMBUILD: activities of business and employers' organisations (NACE 94110). They are comparable in size and age: total assets between €15m and €83m, founded between 1938 and 1973.
Official details
Source: KBO- Status
- Active since 04-05-1946Normal situation
- Registered office
- 39 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Activities of business and employers' organisationsNACE 94110and 2 others
- Establishment units
- 2.153.746.1311000 Brussels, since 04-05-1946
- 2.188.484.5043001 Leuven, since 01-05-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- €27.2m▲ 1.2%
- €45.6m▲ 1.2%
- Employeeson 31-12-2025
- 114▲ 1.8%
- Filing
- Filed on 13-08-2026
Insights on EMBUILD
EMBUILD has existed since 1946. Turnover grew from €4.4m in 2008 to €8.0m in 2025 and staff from 82.1 to 109.9 full-time equivalents.
Turnover has fallen every year since 2022.
In March 2024, six directors stepped down. In March 2022, the Official Gazette published the appointment of DEMEESTER Niko as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EMBUILD
- What is the company number of EMBUILD?
- The company number of EMBUILD is 0406.479.092. The VAT number is the same number with BE in front: BE 0406.479.092.
- Where is EMBUILD based?
- The registered office is at Kunstlaan 20, 1000 Brussels.Company details
- What does EMBUILD do?
- According to the KBO register, the main activity is activities of business and employers' organisations (NACE 94110).
- What is the legal form of EMBUILD?
- EMBUILD is a non-profit association (VZW).
- When was EMBUILD founded?
- EMBUILD was founded on 04-05-1946.
- Is EMBUILD still active?
- Yes, EMBUILD is an active enterprise in the KBO register.
- How many employees does EMBUILD have?
- EMBUILD had an average of 109.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of EMBUILD?
- The turnover of EMBUILD was €8.0m in financial year 2025, according to the filed annual accounts.
- Is EMBUILD profitable?
- In financial year 2025, EMBUILD made a profit of €702,612.
- Where can I find the annual accounts of EMBUILD?
- EMBUILD filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EMBUILD due?
- EMBUILD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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