Summary
Empalo is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €5,806 and a net result of €122,267. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 5% of 140 sector peers (fiscal year 2026). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 140 sector peers (2026).
NBB · sector comparisonPosition among 140 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 01-06-2026, 152 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2026
152 d early
2025
72 d early
2024
105 d early
2023
113 d early
2022
107 d early
2021
153 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 117 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 16 July (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€5,806▼ 96.3%
2025 · €156,539
Net result
€122,267▲ 6.0%
2025 · €115,372
Total assets
€543,799▲ 10.1%
2025 · €493,987
Solvency
1.1%▼ 30.6pp
2025 · 31.7%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€43,990▼ 58.8%€98,715▲ 124%€163,975▲ 66.1%€153,164▼ 6.6%€168,315▲ 9.9%
Net result€31,237within the sector's middle half▼ 62.5%€75,008within the sector's middle half▲ 140%€121,684above the sector's middle half▲ 62.2%€115,372above the sector's middle half▼ 5.2%€122,267▲ 6.0%
Equity€119,476within the sector's middle half▲ 35.4%€194,484within the sector's middle half▲ 62.8%€166,167within the sector's middle half▼ 14.6%€156,539within the sector's middle half▼ 5.8%€5,806▼ 96.3%
Total assets€429,155within the sector's middle half▲ 324%€473,178within the sector's middle half▲ 10.3%€543,956within the sector's middle half▲ 15.0%€493,987within the sector's middle half▼ 9.2%€543,799▲ 10.1%
Debt€309,679▲ 2,269%€278,695▼ 10.0%€377,789▲ 35.6%€337,448▼ 10.7%€537,993▲ 59.4%
Working capital€61,151within the sector's middle half▼ 31.1%€113,213within the sector's middle half▲ 85.1%€45,832within the sector's middle half▼ 59.5%€32,136within the sector's middle half▼ 29.9%-€141,462
Solvency27.8%within the sector's middle half▼ 59.3pp41.1%within the sector's middle half▲ 13.3pp30.5%within the sector's middle half▼ 10.6pp31.7%within the sector's middle half▲ 1.1pp1.1%▼ 30.6pp
Current ratio2.35within the sector's middle half▼ 5.713.51within the sector's middle half▲ 1.161.26within the sector's middle half▼ 2.251.19within the sector's middle half▼ 0.070.65▼ 0.54
Return on assets (ROA)7.3%within the sector's middle half▼ 74.9pp15.9%within the sector's middle half▲ 8.6pp22.4%within the sector's middle half▲ 6.5pp23.4%within the sector's middle half▲ 1.0pp22.5%▼ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 10% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €543,799
Fixed assets
€284,734 ▼ 2.9%
Current assets
€259,065 ▲ 29.1%
Equity and liabilities €543,799
Equity
€5,806 ▼ 96.3%
Debt
€537,993 ▲ 59.4%
Debt's share of the balance-sheet total rises from 68.3% to 98.9%. Equity is lower and debt is higher.
Key figures and ratios
Debt ≤ 1 year
€400,527▲
2025 · €168,499
Debt > 1 year
€136,500▼
2025 · €168,000
Income taxes
€42,530▲
2025 · €35,817
A ratio outside any meaningful range has been withheld (balance sheet total €543,799, equity €5,806).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,025 | €12,507 | ▲ 108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,689 | €17,450 | €20,211 | €19,469 | €19,599 | ▲ 0.7% |
| Other operating charges640/8 | €795 | €3,158 | €4,679 | €4,363 | €3,208 | ▼ 26.5% |
| Gross operating margin9900 | €88,474 | €119,323 | €188,864 | €176,996 | €191,122 | ▲ 8.0% |
| Operating profit (loss)9901 | €43,990 | €98,715 | €163,975 | €153,164 | €168,315 | ▲ 9.9% |
| Financial income75/76B | €0 | €5 | €682 | €1,463 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €5 | €682 | €1,463 | €0 | ▼ 100% |
| Financial charges65/66B | €2,451 | €2,837 | €2,436 | €3,438 | €3,518 | ▲ 2.3% |
| Recurring financial charges65 | €2,451 | €2,837 | €2,436 | €3,438 | €3,518 | ▲ 2.3% |
| Profit (loss) for the period before taxes9903 | €41,540 | €95,882 | €162,221 | €151,189 | €164,797 | ▲ 9.0% |
| Income taxes67/77 | €10,303 | €20,874 | €40,537 | €35,817 | €42,530 | ▲ 18.7% |
| Profit (loss) for the period9904 | €31,237 | €75,008 | €121,684 | €115,372 | €122,267 | ▲ 6.0% |
| Profit (loss) for the period to be appropriated9905 | €31,237 | €75,008 | €121,684 | €115,372 | €122,267 | ▲ 6.0% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €429,155 | €473,178 | €543,956 | €493,987 | €543,799 | ▲ 10.1% |
| Fixed assets21/28 | €322,812 | €314,865 | €320,845 | €293,352 | €284,734 | ▼ 2.9% |
| Tangible fixed assets22/27 | €322,812 | €314,865 | €320,845 | €293,352 | €284,734 | ▼ 2.9% |
| Land and buildings22 | €305,748 | €293,148 | €280,548 | €267,948 | €266,199 | ▼ 0.7% |
| Furniture and vehicles24 | €17,063 | €21,717 | €40,297 | €25,404 | €18,535 | ▼ 27.0% |
| Current assets29/58 | €106,343 | €158,313 | €223,111 | €200,635 | €259,065 | ▲ 29.1% |
| Amounts receivable within one year40/41 | €2,697 | €705 | €0 | €4,788 | €1,456 | ▼ 69.6% |
| Trade receivables40 | - | €705 | €0 | - | - | - |
| Other amounts receivable41 | €2,697 | €0 | - | €4,788 | €1,456 | ▼ 69.6% |
| Current investments50/53 | - | - | €120,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €101,364 | €154,988 | €98,316 | €190,664 | €251,990 | ▲ 32.2% |
| Deferred charges and accrued income490/1 | €2,283 | €2,620 | €4,795 | €5,182 | €5,620 | ▲ 8.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €429,155 | €473,178 | €543,956 | €493,987 | €543,799 | ▲ 10.1% |
| Equity10/15 | €119,476 | €194,484 | €166,167 | €156,539 | €5,806 | ▼ 96.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €111,000 | €186,000 | €161,000 | €151,000 | €0 | ▼ 100% |
| Distributable reserves133 | €111,000 | €186,000 | €161,000 | €151,000 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €3,476 | €3,484 | €167 | €539 | €806 | ▲ 49.5% |
| Amounts payable17/49 | €309,679 | €278,695 | €377,789 | €337,448 | €537,993 | ▲ 59.4% |
| Amounts payable after more than one year17 | €262,500 | €231,000 | €199,500 | €168,000 | €136,500 | ▼ 18.8% |
| Financial debts170/4 | €262,500 | €231,000 | €199,500 | €168,000 | €136,500 | ▼ 18.8% |
| Amounts payable within one year42/48 | €45,192 | €45,100 | €177,278 | €168,499 | €400,527 | ▲ 138% |
| Current portion of amounts payable after more than one year42 | €31,500 | €31,500 | €31,500 | €31,500 | €31,500 | = |
| Trade debts44 | €1,619 | €2,677 | €817 | €6,923 | €8,369 | ▲ 20.9% |
| Suppliers440/4 | €1,619 | €2,677 | €817 | €6,923 | €8,369 | ▲ 20.9% |
| Taxes, remuneration and social security45 | €12,072 | €9,935 | €16,371 | €14,863 | €15,853 | ▲ 6.7% |
| Taxes450/3 | €12,072 | €9,935 | €16,371 | €14,863 | €15,853 | ▲ 6.7% |
| Other amounts payable47/48 | - | €988 | €128,590 | €115,212 | €344,804 | ▲ 199% |
| Accrued charges and deferred income492/3 | €1,987 | €2,595 | €1,011 | €949 | €966 | ▲ 1.8% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,237 | €75,008 | €121,684 | €115,372 | €122,267 | ▲ 6.0% |
| + Depreciation and write-downs630 | €43,689 | €17,450 | €20,211 | €19,469 | €19,599 | ▲ 0.7% |
| Operating cash flow (approximation) | €74,925 | €92,458 | €141,894 | €134,840 | €141,866 | ▲ 5.2% |
| Investment in fixed assets (approximation) | - | -€9,504 | -€26,191 | €8,025 | -€10,981 | ▼ 237% |
| Change in cash | - | €53,624 | -€56,672 | €92,349 | €61,325 | ▼ 33.6% |
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 2027, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Highest result since 2021net €122,267 ▲6%
Operating result €168,315, net result €122,267, both a record.
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-01
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose · Joost Eeman
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €150,000Eq €194,484 ▲62.8%
3 profitable years in a row build equity to €194,484.
2022
16-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €31,237 ▼62.5%
Net result drops to €31,237, the lowest in the series; recovery starts the following year.
31-03
Financial
Equity above €100,000Eq €119,476 ▲35.4%
2 profitable years in a row build equity to €119,476.
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
18-06
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Diksmuide · 1 establishment unit since 2020
Ground area
750 m²
Building footprint
142 m²
Volume, LiDAR
699 m³
Parcel 32013A0063/00P000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Empalo
since 20202.301.996.377
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32013A0063/00P000 | Flanders | 750 m² | 1 · 142 m² | 8.4 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.
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Of 24,721 companies in this sector we hold annual accounts for 19,804. 3,630 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded11-05-2020
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746814579
Also
9925:BE0746814579
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.