Emhan
ActiveSummary
Emhan has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €204,620 and a net result of €13,816. Equity is growing by ~29.4% per year across the filed fiscal years. Its solvency ranks better than 31% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-6
Solvency46▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.21 in 2024; short-term debt: 75% and cash: 0.4% of total assets), and 79% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
21%
Return on assets
1.4%
Age of the figures
9 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 22-07-2026, 9 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
9 d early
2024
132 d early
2023
2 d early
2022
87 d early
2021
34 d early
2020
18 d late
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 27 June (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€204,620▲ 7.2%
2024 · €190,804
Total assets
€975,478▼ 1.4%
2024 · €989,249
Net result
€13,816▼ 71.7%
2024 · €48,775
Working capital
-€606,191▼ 14.0%
2024 · -€531,535
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€38,795▲ 53.7%€49,272▲ 27.0%€37,796▼ 23.3%€70,846▲ 87.4%€22,293▼ 68.5%
Net result€22,344within the sector's middle half▲ 31.9%€28,495within the sector's middle half▲ 27.5%€22,535within the sector's middle half▼ 20.9%€48,775within the sector's middle half▲ 116%€13,816within the sector's middle half▼ 71.7%
Equity€90,999below the sector's middle half▲ 32.5%€119,494within the sector's middle half▲ 31.3%€142,029within the sector's middle half▲ 18.9%€190,804within the sector's middle half▲ 34.3%€204,620within the sector's middle half▲ 7.2%
Total assets€972,999within the sector's middle half▲ 1.9%€941,665within the sector's middle half▼ 3.2%€926,566within the sector's middle half▼ 1.6%€989,249within the sector's middle half▲ 6.8%€975,478within the sector's middle half▼ 1.4%
Debt€882,000▼ 2.3%€822,171▼ 6.8%€784,537▼ 4.6%€798,445▲ 1.8%€770,857▼ 3.5%
Working capital-€380,682below the sector's middle half▼ 16.2%-€429,900below the sector's middle half▼ 12.9%-€493,178below the sector's middle half▼ 14.7%-€531,535below the sector's middle half▼ 7.8%-€606,191below the sector's middle half▼ 14.0%
Solvency9.4%below the sector's middle half▲ 2.2pp12.7%below the sector's middle half▲ 3.3pp15.3%below the sector's middle half▲ 2.6pp19.3%within the sector's middle half▲ 4.0pp21.0%within the sector's middle half▲ 1.7pp
Current ratio0.23below the sector's middle half▲ 0.030.17below the sector's middle half▼ 0.060.13below the sector's middle half▼ 0.040.21below the sector's middle half▲ 0.070.17below the sector's middle half▼ 0.04
Return on assets (ROA)2.3%within the sector's middle half▲ 0.5pp3.0%within the sector's middle half▲ 0.7pp2.4%within the sector's middle half▼ 0.6pp4.9%within the sector's middle half▲ 2.5pp1.4%within the sector's middle half▼ 3.5pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 69% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €975,478
Fixed assets
€850,273 =
Current assets
€125,205 ▼ 9.7%
Equity and liabilities €975,478
Equity
€204,620 ▲ 7.2%
Debt
€770,857 ▼ 3.5%
Debt's share of the balance-sheet total falls from 80.7% to 79.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,633▼
2024 · €71,186
Cash flow
€14,156▼
2024 · €49,115
Quick ratio
0.02▼
2024 · 0.03
Debt to equity
3.77▼
2024 · 4.18
ROE
6.8%▼
2024 · 25.6%
Interest coverage
5.85▼
2024 · 12.51
Debt ≤ 1 year
€731,395▲
2024 · €670,171
Debt > 1 year
€39,462▼
2024 · €128,274
Income taxes
€4,605▼
2024 · €16,381
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,867 | €7,140 | €340 | €340 | €340 | = |
| Other operating charges640/8 | €101 | €102 | €109 | €2,870 | €1,133 | ▼ 60.5% |
| Gross operating margin9900 | €45,763 | €56,514 | €38,245 | €74,056 | €23,766 | ▼ 67.9% |
| Operating profit (loss)9901 | €38,795 | €49,272 | €37,796 | €70,846 | €22,293 | ▼ 68.5% |
| Financial income75/76B | €1 | €5 | €50 | - | - | - |
| Recurring financial income75 | €1 | €5 | €50 | - | - | - |
| Financial charges65/66B | €10,973 | €8,396 | €7,443 | €5,690 | €3,871 | ▼ 32.0% |
| Recurring financial charges65 | €10,973 | €8,396 | €7,443 | €5,690 | €3,871 | ▼ 32.0% |
| Profit (loss) for the period before taxes9903 | €27,824 | €40,880 | €30,404 | €65,156 | €18,422 | ▼ 71.7% |
| Income taxes67/77 | €5,480 | €12,385 | €7,869 | €16,381 | €4,605 | ▼ 71.9% |
| Profit (loss) for the period9904 | €22,344 | €28,495 | €22,535 | €48,775 | €13,816 | ▼ 71.7% |
| Profit (loss) for the period to be appropriated9905 | €22,344 | €28,495 | €22,535 | €48,775 | €13,816 | ▼ 71.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €972,999 | €941,665 | €926,566 | €989,249 | €975,478 | ▼ 1.4% |
| Fixed assets21/28 | €858,433 | €851,293 | €850,953 | €850,613 | €850,273 | = |
| Tangible fixed assets22/27 | €8,433 | €1,293 | €953 | €613 | €273 | ▼ 55.5% |
| Plant, machinery and equipment23 | €8,433 | €1,293 | €953 | €613 | €273 | ▼ 55.5% |
| Financial fixed assets28 | €850,000 | €850,000 | €850,000 | €850,000 | €850,000 | = |
| Current assets29/58 | €114,566 | €90,372 | €75,613 | €138,636 | €125,205 | ▼ 9.7% |
| Stocks and contracts in progress3 | €89,745 | €61,800 | €60,727 | €115,926 | €108,900 | ▼ 6.1% |
| Stocks30/36 | €89,745 | €61,800 | €60,727 | €115,926 | €108,900 | ▼ 6.1% |
| Amounts receivable within one year40/41 | €3,346 | €599 | €11,045 | €15,659 | €11,873 | ▼ 24.2% |
| Trade receivables40 | €326 | €599 | €9,750 | €14,541 | €360 | ▼ 97.5% |
| Other amounts receivable41 | €3,020 | - | €1,295 | €1,119 | €11,513 | ▲ 929% |
| Cash at bank and in hand54/58 | €20,599 | €27,185 | €2,961 | €3,608 | €3,452 | ▼ 4.3% |
| Deferred charges and accrued income490/1 | €876 | €788 | €879 | €3,442 | €979 | ▼ 71.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €972,999 | €941,665 | €926,566 | €989,249 | €975,478 | ▼ 1.4% |
| Equity10/15 | €90,999 | €119,494 | €142,029 | €190,804 | €204,620 | ▲ 7.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | - | - | - | - | - |
| Other1109/19 | €18,600 | - | - | - | - | - |
| Reserves13 | €72,360 | €100,860 | €123,000 | €172,000 | €186,020 | ▲ 8.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €70,500 | €99,000 | €123,000 | €172,000 | €186,020 | ▲ 8.2% |
| Profit (loss) carried forward14 | €39 | €34 | €429 | €204 | - | - |
| Amounts payable17/49 | €882,000 | €822,171 | €784,537 | €798,445 | €770,857 | ▼ 3.5% |
| Amounts payable after more than one year17 | €386,752 | €301,899 | €215,746 | €128,274 | €39,462 | ▼ 69.2% |
| Financial debts170/4 | €386,752 | €301,899 | €215,746 | €128,274 | €39,462 | ▼ 69.2% |
| Amounts payable within one year42/48 | €495,248 | €520,273 | €568,791 | €670,171 | €731,395 | ▲ 9.1% |
| Current portion of amounts payable after more than one year42 | €92,073 | €84,853 | €89,025 | €87,472 | €88,812 | ▲ 1.5% |
| Financial debts43 | €25,000 | €25,000 | €25,000 | €33,038 | €29,207 | ▼ 11.6% |
| Credit institutions430/8 | €25,000 | €25,000 | €25,000 | €33,038 | €29,207 | ▼ 11.6% |
| Trade debts44 | €1,321 | €2,402 | €1,594 | €440 | €51 | ▼ 88.5% |
| Suppliers440/4 | €1,321 | €2,402 | €1,594 | €440 | €51 | ▼ 88.5% |
| Advances received on contracts in progress46 | €13,500 | €300 | - | - | - | - |
| Taxes, remuneration and social security45 | €982 | €16,831 | €11,669 | €10,388 | €11,641 | ▲ 12.1% |
| Taxes450/3 | €982 | €16,051 | €7,869 | €10,388 | €9,141 | ▼ 12.0% |
| Remuneration and social security454/9 | - | €780 | €3,800 | - | €2,500 | - |
| Other amounts payable47/48 | €362,372 | €390,886 | €441,503 | €538,833 | €601,684 | ▲ 11.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,344 | €28,495 | €22,535 | €48,775 | €13,816 | ▼ 71.7% |
| + Depreciation and write-downs630 | €6,867 | €7,140 | €340 | €340 | €340 | = |
| Operating cash flow (approximation) | €29,211 | €35,635 | €22,875 | €49,115 | €14,156 | ▼ 71.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €6,587 | -€24,224 | €647 | -€156 | ▼ 124% |
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200,000Eq €204,620 ▲7.2%
8 profitable years in a row build equity to €204,620.
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €48,775 ▲116%
Operating result €70,846, net result €48,775, both a record.
31-12
Financial
Equity above €150,000Eq €190,804 ▲34.3%
7 profitable years in a row build equity to €190,804.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100,000Eq €119,494 ▲31.3%
5 profitable years in a row build equity to €119,494.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 2017
Ground area
2,167 m²
Building footprint
435 m²
Volume, LiDAR
1,712 m³
Parcel 11023C0181/00R000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Emhan
since 20172.264.433.722
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023C0181/00R000 | Flanders | 2,167 m² | 1 · 435 m² | 5.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of Emhan and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 10,663 companies in sector 47811 we hold annual accounts for 5,225. 3,728 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
47820Retail sale of motor vehicle parts and accessories
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675637860
Also
9925:BE0675637860
Registered
17-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.