EMDE
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-06-2024, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
33 d early
2022
27 d early
2021
39 d early
2020
11 d early
2019
4 d early
2018
27 d early
2017
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€370k▲ 4.8%
2022 · €353k
2018: €118klowest in 6 years
2019: €195k▲ +65.5% vs 2018
2020: €316k▲ +62.1% vs 2019
2021: €316k▼ -0.2% vs 2020
2022: €353k▲ +12.0% vs 2021
2023: €370k▲ +4.8% vs 2022highest in 6 years
2018 → 2023
Total assets
€1.10M▲ 7.3%
2022 · €1.02M
2018: €563k
2019: €554k▼ -1.6% vs 2018lowest in 6 years
2020: €1.38M▲ +149% vs 2019highest in 6 years
2021: €1.29M▼ -6.4% vs 2020
2022: €1.02M▼ -20.6% vs 2021
2023: €1.10M▲ +7.3% vs 2022
2018 → 2023
Net result
€17k▼ 83.7%
2022 · €105k
2018: €19k
2019: €74k▲ +287% vs 2018
2020: €121k▲ +63.4% vs 2019highest in 6 years
2021: €29k▼ -76.3% vs 2020
2022: €105k▲ +265% vs 2021
2023: €17k▼ -83.7% vs 2022lowest in 6 years
2018 → 2023
Working capital
€280k▲ 163%
2022 · €107k
2018: €-18klowest in 6 years
2019: €44k▲ +339% vs 2018
2020: €98k▲ +125% vs 2019
2021: €42k▼ -57.5% vs 2020
2022: €107k▲ +156% vs 2021
2023: €280k▲ +163% vs 2022highest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€195k-€316k▲ 62.1%€316k▼ 0.2%€353k▲ 12.0%€370k▲ 4.8%
2019: €195klowest in 5 years
2020: €316k▲ +62.1% vs 2019
2021: €316k▼ -0.2% vs 2020
2022: €353k▲ +12.0% vs 2021
2023: €370k▲ +4.8% vs 2022highest in 5 years
Operating result€118k-€149k▲ 26.1%€47k▼ 68.6%€150k▲ 220%€27k▼ 82.0%
2019: €118k
2020: €149k▲ +26.1% vs 2019
2021: €47k▼ -68.6% vs 2020
2022: €150k▲ +220% vs 2021highest in 5 years
2023: €27k▼ -82.0% vs 2022lowest in 5 years
Net result€74k-€121k▲ 63.4%€29k▼ 76.3%€105k▲ 265%€17k▼ 83.7%
2019: €74k
2020: €121k▲ +63.4% vs 2019highest in 5 years
2021: €29k▼ -76.3% vs 2020
2022: €105k▲ +265% vs 2021
2023: €17k▼ -83.7% vs 2022lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 82% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.10M
Fixed assets
€728k ▼ 3.0%
Current assets
€371k ▲ 35.2%
Equity and liabilities €1.10M
Equity
€370k ▲ 4.8%
Debt
€728k ▲ 8.5%
Debt's share of the balance-sheet total rises from 65.5% to 66.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51k▼
2022 · €187k
Cash flow
€41k▼
2022 · €142k
Current ratio
4.11▲
2022 · 1.64
Debt to equity
1.97▲
2022 · 1.90
ROE
4.6%▼
2022 · 29.6%
ROA
1.6%▼
2022 · 10.2%
Interest coverage
6.44▼
2022 · 9.02
Debt ≤ 1 year
€90k▼
2022 · €167k
Debt > 1 year
€474k▼
2022 · €499k
Income taxes
€18k▼
2022 · €32k
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 · 2023 against 2022 · 58 lines
Balance sheet
Code20222023
Assets
Total assets20/58€1.02M€1.10M▲
Fixed assets21/28€750k€728k▼
Intangible fixed assets21€5k€3k▼
Tangible fixed assets22/27€731k€710k▼
Land and buildings22€730k€710k▼
Furniture and vehicles24€157€0▼
Financial fixed assets28€15k€15k=
Current assets29/58€274k€371k▲
Amounts receivable within one year40/41€20k€85k▲
Trade receivables40€17k€72k▲
Other amounts receivable41€3k€13k▲
Current investments50/53€46k€0▼
Cash at bank and in hand54/58€208k€20k▼
Deferred charges and accrued income490/1-€265k
Equity and liabilities
Total equity and liabilities10/49€1.02M€1.10M▲
Equity10/15€353k€370k▲
Contributions10/11€75k€75k=
Reserves13€279k€296k▲
Distributable reserves133€279k€296k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€671k€728k▲
Amounts payable after more than one year17€499k€474k▼
Financial debts170/4€499k€462k▼
Other amounts payable178/9-€12k
Amounts payable within one year42/48€167k€90k▼
Current portion of amounts payable after more than one year42€37k€37k▲
Financial debts43€424€0▼
Credit institutions430/8€424€0▼
Trade debts44€30k€28k▼
Suppliers440/4€30k€28k▼
Taxes, remuneration and social security45€1k€11k▲
Taxes450/3€1k€11k▲
Other amounts payable47/48€99k€14k▼
Accrued charges and deferred income492/3€5k€164k▲
Income statement
Code20222023
Non-recurring operating income76A€20k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€24k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-750€0▲
Other operating charges640/8€5k€1k▼
Non-recurring operating charges66A-€157
Gross operating margin9900€191k€52k▼
Operating profit (loss)9901€150k€27k▼
Financial income75/76B€8k€18k▲
Recurring financial income75€8k€6k▼
Non-recurring financial income76B-€12k
Financial charges65/66B€21k€9k▼
Recurring financial charges65€21k€8k▼
Non-recurring financial charges66B-€1k
Profit (loss) for the period before taxes9903€137k€35k▼
Income taxes67/77€32k€18k▼
Profit (loss) for the period9904€105k€17k▼
Profit (loss) for the period to be appropriated9905€105k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€105k€17k▼
Transfer from equity791/2€63k€0▼
Transfer to equity691/2€105k€17k▼
To other reserves6921€105k€17k▼
Profit to be distributed694/7€63k€0▼
Return on contributions (dividend)694€63k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €20k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35k | €56k | €50k | €37k | €24k | ▼ 36.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €-648 | €-750 | €0 | ▲ 100% |
| Other operating charges640/8 | - | - | €881 | €5k | €1k | ▼ 77.9% |
| Non-recurring operating charges66A | - | - | €5k | - | €157 | - |
| Gross operating margin9900 | €153k | €220k | €102k | €191k | €52k | ▼ 72.8% |
| Operating profit (loss)9901 | €118k | €149k | €47k | €150k | €27k | ▼ 82.0% |
| Financial income75/76B | - | - | €1k | €8k | €18k | ▲ 118% |
| Recurring financial income75 | €1k | €1k | €1k | €8k | €6k | ▼ 26.5% |
| Non-recurring financial income76B | - | - | - | - | €12k | - |
| Financial charges65/66B | - | - | €17k | €21k | €9k | ▼ 55.7% |
| Recurring financial charges65 | €11k | €17k | €17k | €21k | €8k | ▼ 62.0% |
| Non-recurring financial charges66B | - | - | - | - | €1k | - |
| Profit (loss) for the period before taxes9903 | €109k | €133k | €31k | €137k | €35k | ▼ 74.2% |
| Income taxes67/77 | €35k | €12k | €2k | €32k | €18k | ▼ 43.5% |
| Profit (loss) for the period9904 | €74k | €121k | €29k | €105k | €17k | ▼ 83.7% |
| Profit (loss) for the period to be appropriated9905 | €74k | €121k | €29k | €105k | €17k | ▼ 83.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €554k | €1.38M | €1.29M | €1.02M | €1.10M | ▲ 7.3% |
| Fixed assets21/28 | €351k | €1.04M | €1.04M | €750k | €728k | ▼ 3.0% |
| Intangible fixed assets21 | €9k | €8k | €6k | €5k | €3k | ▼ 28.7% |
| Tangible fixed assets22/27 | €319k | €1.01M | €1.02M | €731k | €710k | ▼ 2.8% |
| Land and buildings22 | - | - | €991k | €730k | €710k | ▼ 2.8% |
| Plant, machinery and equipment23 | - | - | €25k | - | - | - |
| Furniture and vehicles24 | - | - | €891 | €157 | €0 | ▼ 100% |
| Financial fixed assets28 | €23k | €23k | €20k | €15k | €15k | = |
| Current assets29/58 | €203k | €334k | €247k | €274k | €371k | ▲ 35.2% |
| Amounts receivable within one year40/41 | €73k | €24k | €16k | €20k | €85k | ▲ 327% |
| Trade receivables40 | - | - | €8k | €17k | €72k | ▲ 319% |
| Other amounts receivable41 | - | - | €8k | €3k | €13k | ▲ 383% |
| Current investments50/53 | €71k | €71k | €46k | €46k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €55k | €239k | €184k | €208k | €20k | ▼ 90.2% |
| Deferred charges and accrued income490/1 | - | - | €1k | - | €265k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €554k | €1.38M | €1.29M | €1.02M | €1.10M | ▲ 7.3% |
| Equity10/15 | €195k | €316k | €316k | €353k | €370k | ▲ 4.8% |
| Contributions10/11 | €76k | - | €76k | €75k | €75k | = |
| Reserves13 | €119k | €241k | €240k | €279k | €296k | ▲ 6.1% |
| Non-distributable reserves130/1 | - | - | €4k | - | - | - |
| Reserves not available under the articles1311 | - | - | €4k | - | - | - |
| Distributable reserves133 | - | - | €235k | €279k | €296k | ▲ 6.1% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €359k | €1.06M | €975k | €671k | €728k | ▲ 8.5% |
| Amounts payable after more than one year17 | €199k | €823k | €745k | €499k | €474k | ▼ 5.0% |
| Financial debts170/4 | - | - | €745k | €499k | €462k | ▼ 7.4% |
| Other amounts payable178/9 | - | - | - | - | €12k | - |
| Amounts payable within one year42/48 | €160k | €236k | €205k | €167k | €90k | ▼ 46.1% |
| Current portion of amounts payable after more than one year42 | - | - | €60k | €37k | €37k | ▲ 1.3% |
| Financial debts43 | - | - | €40 | €424 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €40 | €424 | €0 | ▼ 100% |
| Trade debts44 | €9k | €95k | - | €30k | €28k | ▼ 5.0% |
| Suppliers440/4 | - | - | - | €30k | €28k | ▼ 5.0% |
| Taxes, remuneration and social security45 | - | - | €4k | €1k | €11k | ▲ 722% |
| Taxes450/3 | - | - | €4k | €1k | €11k | ▲ 722% |
| Other amounts payable47/48 | - | - | €141k | €99k | €14k | ▼ 86.1% |
| Accrued charges and deferred income492/3 | - | - | €24k | €5k | €164k | ▲ 3,383% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74k | €121k | €29k | €105k | €17k | ▼ 83.7% |
| + Depreciation and write-downs630 | €35k | €56k | €50k | €37k | €24k | ▼ 36.1% |
| Operating cash flow (approximation) | €109k | €177k | €78k | €142k | €41k | ▼ 71.2% |
| Investment in fixed assets (approximation) | - | €-750k | €-48k | €256k | €-2k | ▼ 101% |
| Change in cash | - | €184k | €-55k | €25k | €-188k | ▼ 865% |
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
2024
01-08
State Gazette act
Merger · Capital increase
Capital · Name change · Coppens Jan
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
28-05
State Gazette act
Board meeting · Merger
Accounting effect · Capital
2023
31-12
Financial
Weakest financial yearnet €17k ▼83.7%
Net result drops to €17k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 4.11
Current ratio from 1.64 to 4.11; short-term debt falls from €167k to €90k.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €121k ▲63.4%
Net result €121k, the highest in the series.
31-12
Financial
Equity above €200kEq €316k ▲62.1%
3 profitable years in a row build equity to €316k.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €195k ▲65.5%
2 profitable years in a row build equity to €195k.
Show earlier events
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
29-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
15-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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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Structure & network
Acquisitions and mergers
1 transactionTaken over by:Hillewaere Insurance