Emendo
ActiveEmendo has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.09M and a net result of €179k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 54% of 8584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
88
/ 100
Excellent▲ +2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-18
Solvency78▲+8
Growth68=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.02 in 2024), and 42.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.3%
Return on assets
9.4%
Age of the figures
8 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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
31 d late
2023
28 d early
2022
55 d early
2021
46 d early
2020
31 d early
2019
25 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.28M▲ 8.9%
2022 · €2.10M
2018: €1.84M
2019: €1.99M
2020: €2.00M
2021: €1.78M
2022: €2.10M
2018 → 2023
EBIT margin
20.1%▼ 1.5pp
2022 · 21.6%
2018: 15.9%
2019: 15.4%
2020: 40.2%
2021: 14.3%
2022: 21.6%
2018 → 2023
Net result
€179k▼ 57.2%
2024 · €418k
2018: €178k
2019: €174k
2020: €572k
2021: €162k
2022: €309k
2023: €306k
2024: €418k
2018 → 2025
Working capital
€85k▲ 362%
2024 · €18k
2018: €269k
2019: €334k
2020: €245k
2021: €309k
2022: €417k
2023: €257k
2024: €18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.78M-€2.10M▲ 17.9%€2.28M▲ 8.9%
Equity€488k-€647k▲ 32.6%€803k▲ 24.2%€781k▼ 2.8%€1.09M▲ 39.4%
Operating result€255k-€453k▲ 77.3%€458k▲ 1.3%€538k▲ 17.3%€385k▼ 28.3%
Net result€162k-€309k▲ 91.0%€306k▼ 0.9%€418k▲ 36.4%€179k▼ 57.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.90M
Fixed assets
€1.00M▲ 31.6%
Current assets
€896k▼ 3.0%
Equity and liabilities €1.90M
Equity
€1.09M▲ 39.4%
Debt
€811k▼ 10.4%
The debt ratio falls from 53.7% to 42.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€504k▼
2024 · €598k
Cash flow
€297k▼
2024 · €478k
Solvency
57.3%▲
2024 · 46.3%
Current ratio
1.10▲
2024 · 1.02
Quick ratio
1.10▲
2024 · 1.02
Debt / equity
0.75▼
2024 · 1.16
ROE
16.4%▼
2024 · 53.5%
ROA
9.4%▼
2024 · 24.8%
Interest coverage
5.79▼
2024 · 14.93
Debt
€811k▼
2024 · €905k
Debt ≤ 1 year
€811k▼
2024 · €905k
Income taxes
€95k▼
2024 · €149k
Staff costs
€1.35M▲
2024 · €1.13M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.69M€1.90M▲
Fixed assets21/28€762k€1.00M▲
Intangible fixed assets21€725k€924k▲
Tangible fixed assets22/27€37k€79k▲
Plant, machinery and equipment23€6k€34k▲
Furniture and vehicles24€32k€45k▲
Current assets29/58€923k€896k▼
Amounts receivable within one year40/41€310k€543k▲
Trade receivables40€300k€539k▲
Other amounts receivable41€10k€5k▼
Current investments50/53€549k-
Cash at bank and in hand54/58€65k€352k▲
Equity and liabilities
Total equity and liabilities10/49€1.69M€1.90M▲
Equity10/15€781k€1.09M▲
Contributions10/11€12k€14k▲
Reserves13€769k€1.07M▲
Distributable reserves133€769k€1.07M▲
Amounts payable17/49€905k€811k▼
Amounts payable within one year42/48€905k€811k▼
Trade debts44€96k€255k▲
Suppliers440/4€96k€255k▲
Taxes, remuneration and social security45€168k€305k▲
Taxes450/3€39k€40k▲
Remuneration and social security454/9€129k€265k▲
Other amounts payable47/48€640k€251k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.13M€1.35M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€118k▲
Other operating charges640/8€72k€119k▲
Non-recurring operating charges66A-€4k
Gross operating margin9900€1.80M€1.98M▲
Operating profit (loss)9901€538k€385k▼
Financial income75/76B€71k€17k▼
Recurring financial income75€52k€97▼
Non-recurring financial income76B€20k€17k▼
Financial charges65/66B€42k€128k▲
Recurring financial charges65€40k€87k▲
Non-recurring financial charges66B€2k€41k▲
Profit (loss) for the period before taxes9903€567k€274k▼
Income taxes67/77€149k€95k▼
Profit (loss) for the period9904€418k€179k▼
Profit (loss) for the period to be appropriated9905€418k€179k▼
Appropriation of the result
Profit (loss) to be appropriated9906€418k€179k▼
Transfer to equity691/2€418k€179k▼
To other reserves6921€418k€179k▼
Social balance
Average headcount (FTE)9087-18.4
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
State Gazette act
Statutes amendmentGeneral meeting · Statutes amendment3 facts ▸
State Gazette act
Statutes amendment
General meeting · Statutes amendment3 facts ▸
- General meeting, 2026-09-02
- Statutes amendment
- General meeting, 2027-06-25
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1MEq €1.09M ▲39.4%
8 profitable years in a row build equity to €1.09M.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €647k ▲32.6%
5 profitable years in a row build equity to €647k.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €162k ▼71.7%
Net result drops to €162k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €572k ▲230%
Operating result €805k, net result €572k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
31-12
Financial
Equity above €500kEq €519k ▲16.5%
2 profitable years in a row build equity to €519k.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Peeters, Maarten
CurrentNon-statutory director · since 26-03-2026
26-03-2026
Appointed as Non-statutory director
Location & real-estate footprint
Registered office, Kapellen · 3 establishment units since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Antwerpsesteenweg 692950 KapellenGround area
3,122 m²
Building footprint
1,477 m²
Volume, LiDAR
12,674 m³
3 parcels, Flanders · tallest building 17.9 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
Antwerpsesteenweg 69, 2950 Kapellen
since 20002.198.848.854
Grote Markt 34, 2500 Lier
since 20112.199.535.574
Statiestraat 68, 2547 Lint
since 20252.368.071.985
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902G0016/00B012 | Flanders | 1,567 m² | 1 · 846 m² | 17.0 m · 4 fl. |
| 11025D0168/00C006 | Flanders | 1,030 m² | 1 · 203 m² | 11.3 m · 3 fl. |
| 12021K0377/00L000 | Flanders | 526 m² | 1 · 428 m² | 17.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 10,268 EUR awarded · 10,268 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,107 EUR | 1,107 EUR |
| 2024 | 1 | 4,719 EUR | 4,719 EUR |
| 2023 | 1 | 974 EUR | 974 EUR |
| 2022 | 1 | 3,468 EUR | 3,468 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,122 companies in sector 69201 we hold annual accounts for 7,601. 4,271 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-09-1998
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
70200Business and other management consultancy
70220Business consulting
74122
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.