EMIBAT
ActiveSummary
EMIBAT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €532,008 and a net result of €39,423. Equity is growing by ~3.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73=
Solvency70▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.63 in 2023; short-term debt: 4.3% and cash: 2.1% of total assets), and 54.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
41 d early
2023
42 d early
2022
42 d early
2021
24 d early
2020
24 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 34 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€532,008▲ 2.4%
2023 · €519,585
Total assets
€1.2m▼ 4.4%
2023 · €1.2m
Net result
€39,423▲ 4.6%
2023 · €37,696
Working capital
-€26,762▼ 6.3%
2023 · -€25,168
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€37,333▼ 1.8%€33,312▼ 10.8%€64,585▲ 93.9%€62,695▼ 2.9%€64,740▲ 3.3%
Net result€24,805▼ 12.5%€22,560▼ 9.0%€38,035▲ 68.6%€37,696▼ 0.9%€39,423▲ 4.6%
Equity€475,294▲ 5.5%€497,854▲ 4.7%€508,888▲ 2.2%€519,585▲ 2.1%€532,008▲ 2.4%
Total assets€493,940▲ 6.3%€1.3m▲ 164%€1.3m▼ 2.9%€1.2m▼ 2.5%€1.2m▼ 4.4%
Debt€18,647▲ 30.0%€804,681▲ 4,215%€755,634▼ 6.1%€712,987▼ 5.6%€645,925▼ 9.4%
Working capital€123,361▲ 25.2%-€20,368-€22,350▼ 9.7%-€25,168▼ 12.6%-€26,762▼ 6.3%
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 recovers in 2024; 2024 is 3% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.2m ▼ 3.1%
Current assets
€24,159 ▼ 42.9%
Equity and liabilities €1.2m
Equity
€532,008 ▲ 2.4%
Debt
€645,925 ▼ 9.4%
Debt's share of the balance-sheet total falls from 57.8% to 54.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€101,237▲
2023 · €99,193
Cash flow
€75,920▲
2023 · €74,194
Current ratio
0.47▼
2023 · 0.63
Debt to equity
1.21▼
2023 · 1.37
ROE
7.4%▲
2023 · 7.3%
ROA
3.3%▲
2023 · 3.1%
Interest coverage
14.71▲
2023 · 13.47
Debt ≤ 1 year
€50,921▼
2023 · €67,468
Debt > 1 year
€595,005▼
2023 · €645,519
Income taxes
€18,435▲
2023 · €17,637
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,100 | €36,497 | €36,497 | €36,497 | = |
| Other operating charges640/8 | - | €9,658 | €14,915 | €15,796 | €13,642 | ▼ 13.6% |
| Gross operating margin9900 | €46,693 | €44,070 | €115,997 | €114,989 | €114,879 | ▼ 0.1% |
| Operating profit (loss)9901 | €37,333 | €33,312 | €64,585 | €62,695 | €64,740 | ▲ 3.3% |
| Financial income75/76B | - | €0 | - | €0 | - | - |
| Recurring financial income75 | - | €0 | - | €0 | - | - |
| Financial charges65/66B | - | €357 | €8,130 | €7,363 | €6,882 | ▼ 6.5% |
| Recurring financial charges65 | €51 | €357 | €8,130 | €7,363 | €6,882 | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | €37,281 | €32,956 | €56,454 | €55,333 | €57,858 | ▲ 4.6% |
| Income taxes67/77 | €12,476 | €10,395 | €18,420 | €17,637 | €18,435 | ▲ 4.5% |
| Profit (loss) for the period9904 | €24,805 | €22,560 | €38,035 | €37,696 | €39,423 | ▲ 4.6% |
| Profit (loss) for the period to be appropriated9905 | €24,805 | €22,560 | €38,035 | €37,696 | €39,423 | ▲ 4.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €493,940 | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 4.4% |
| Fixed assets21/28 | €351,933 | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 3.1% |
| Tangible fixed assets22/27 | €351,933 | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 3.1% |
| Land and buildings22 | - | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 3.1% |
| Current assets29/58 | €142,007 | €39,268 | €37,753 | €42,300 | €24,159 | ▼ 42.9% |
| Amounts receivable within one year40/41 | €19,042 | €20,390 | €1,950 | €1,350 | - | - |
| Trade receivables40 | - | €1,950 | €1,950 | €1,350 | - | - |
| Other amounts receivable41 | - | €18,440 | - | - | - | - |
| Cash at bank and in hand54/58 | €104,526 | €18,878 | €35,803 | €40,950 | €24,159 | ▼ 41.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €493,940 | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 4.4% |
| Equity10/15 | €475,294 | €497,854 | €508,888 | €519,585 | €532,008 | ▲ 2.4% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | - | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Issued capital100 | - | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €225,294 | €247,854 | €258,888 | €269,585 | €282,008 | ▲ 4.6% |
| Non-distributable reserves130/1 | - | €16,950 | €18,852 | €20,736 | €22,708 | ▲ 9.5% |
| Legal reserve130 | - | €16,950 | €18,852 | €20,736 | €22,708 | ▲ 9.5% |
| Distributable reserves133 | - | €230,904 | €240,037 | €248,848 | €259,300 | ▲ 4.2% |
| Amounts payable17/49 | €18,647 | €804,681 | €755,634 | €712,987 | €645,925 | ▼ 9.4% |
| Amounts payable after more than one year17 | - | €745,045 | €695,530 | €645,519 | €595,005 | ▼ 7.8% |
| Financial debts170/4 | - | €745,045 | €695,530 | €645,519 | €595,005 | ▼ 7.8% |
| Amounts payable within one year42/48 | €18,647 | €59,636 | €60,103 | €67,468 | €50,921 | ▼ 24.5% |
| Current portion of amounts payable after more than one year42 | - | €44,956 | €49,514 | €50,012 | €50,514 | ▲ 1.0% |
| Financial debts43 | - | €300 | - | - | - | - |
| Credit institutions430/8 | - | €300 | - | - | - | - |
| Trade debts44 | €75 | €436 | €625 | €1,400 | - | - |
| Suppliers440/4 | - | €436 | €625 | €1,400 | - | - |
| Taxes, remuneration and social security45 | - | €13,945 | €9,965 | €16,056 | €407 | ▼ 97.5% |
| Taxes450/3 | - | €13,945 | €9,965 | €16,056 | €407 | ▼ 97.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,805 | €22,560 | €38,035 | €37,696 | €39,423 | ▲ 4.6% |
| + Depreciation and write-downs630 | - | €1,100 | €36,497 | €36,497 | €36,497 | = |
| Operating cash flow (approximation) | €24,805 | €23,660 | €74,532 | €74,194 | €75,920 | ▲ 2.3% |
| Investment in fixed assets (approximation) | - | -€912,433 | €0 | €0 | €0 | - |
| Change in cash | - | -€85,648 | €16,925 | €5,147 | -€16,791 | ▼ 426% |
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
19-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €39,423 ▲4.6%
Operating result €64,740, net result €39,423, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500,000Eq €508,888 ▲2.2%
5 profitable years in a row build equity to €508,888.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €22,560 ▼9%
Net result drops to €22,560, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 7.87
Current ratio from 2.16 to 7.87; short-term debt falls from €60,328 to €14,339.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Stekene · 1 establishment unit since 2000
Ground area
4,202 m²
Building footprint
74 m²
Volume, LiDAR
468 m³
Parcel 46024A1440/00C000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bettestraat (STE) 5, 9190 Stekene
since 20002.097.648.457
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A1440/00C000 | Flanders | 4,201 m² | 1 · 73 m² | 6.5 m · 2 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.
Identification & contact
Identification
Legal formPublic limited company
Founded02-10-2000
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472874010
Also
9925:BE0472874010
Registered
17-12-2025
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.