EMPALU
ActiveSummary
EMPALU has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €296,720 and a net result of €989. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 280 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability38▼-6
Solvency35▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.69 against 0.8 in 2025; short-term debt: 59.6% and cash: 4.5% of total assets), and 90.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2026Solvency, return and age of the figures
Solvency
9.6%
Return on assets
0%
Age of the figures
6 mo
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 24-09-2026, 37 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2026
37 d early
2025
1 d early
2024
7 d early
2023
11 d early
2022
4 d early
2021
3 d early
2020
23 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 12 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 24 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, abbreviated schema
In the rankings
#6 employer in Lievegem, Wholesale and retail trade sector#10 company by total assets in Lievegem, Wholesale and retail trade sector
Equity
€296,720▲ 0.3%
2025 · €295,731
Total assets
€3.1m▼ 3.6%
2025 · €3.2m
Net result
€989▼ 98.8%
2025 · €81,159
Working capital
-€562,830▼ 55.6%
2025 · -€361,666
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 47, Retail trade, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€84,275▲ 3.5%€70,700▼ 16.1%€242,099▲ 242%€199,253▼ 17.7%€111,452▼ 44.1%
Net result€18,881within the sector's middle half▼ 63.5%-€7,463below the sector's middle half€158,733above the sector's middle half€81,159within the sector's middle half▼ 48.9%€989▼ 98.8%
Equity€163,302within the sector's middle half▲ 13.1%€155,839within the sector's middle half▼ 4.6%€264,572within the sector's middle half▲ 69.8%€295,731within the sector's middle half▲ 11.8%€296,720▲ 0.3%
Total assets€1.7mwithin the sector's middle half▼ 4.3%€1.5mwithin the sector's middle half▼ 8.4%€1.8mabove the sector's middle half▲ 20.5%€3.2mabove the sector's middle half▲ 75.6%€3.1m▼ 3.6%
Debt€1.5m▼ 5.8%€1.4m▼ 8.8%€1.6m▲ 14.9%€2.9m▲ 86.4%€2.8m▼ 4.0%
Working capital-€336,319below the sector's middle half▼ 1.9%-€351,886below the sector's middle half▼ 4.6%-€321,962below the sector's middle half▲ 8.5%-€361,666below the sector's middle half▼ 12.3%-€562,830▼ 55.6%
Solvency9.9%below the sector's middle half▲ 1.5pp10.3%below the sector's middle half▲ 0.4pp14.5%below the sector's middle half▲ 4.2pp9.2%below the sector's middle half▼ 5.3pp9.6%▲ 0.4pp
Current ratio0.59below the sector's middle half▼ 0.010.54below the sector's middle half▼ 0.050.65below the sector's middle half▲ 0.110.80below the sector's middle half▲ 0.150.69▼ 0.11
Return on assets (ROA)1.1%within the sector's middle half▼ 1.9pp-0.5%below the sector's middle half▼ 1.6pp8.7%within the sector's middle half▲ 9.2pp2.5%within the sector's middle half▼ 6.2pp0.0%▼ 2.5pp
Staff (FTE)10.6above the sector's middle half▲ 14.0%9.6above the sector's middle half▼ 9.4%7.5within the sector's middle half▼ 21.9%10above the sector's middle half▲ 33.3%9.7▼ 3.0%
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 schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2026 is 44% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €3.1m
Fixed assets
€1.8m ▲ 3.0%
Current assets
€1.3m ▼ 11.6%
Equity and liabilities €3.1m
Equity
€296,720 ▲ 0.3%
Debt
€2.8m ▼ 4.0%
Debt's share of the balance-sheet total falls from 90.8% to 90.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€258,605▼
2025 · €294,004
Cash flow
€148,142▼
2025 · €175,910
Quick ratio
0.38▼
2025 · 0.55
Debt to equity
9.41▼
2025 · 9.84
ROE
0.3%▼
2025 · 27.4%
Interest coverage
2.34▼
2025 · 2.68
Debt ≤ 1 year
€1.8m▲
2025 · €1.8m
Debt > 1 year
€950,356▼
2025 · €1.1m
Income taxes
€716▼
2025 · €8,614
Staff costs
€398,323▲
2025 · €396,154
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,251 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.6%
went bankrupt
2.7%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,251 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €9,916 | - | €11,512 | - | - |
| Remuneration, social security and pensions62 | €318,686 | €326,231 | €339,110 | €396,154 | €398,323 | ▲ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72,678 | €72,845 | €79,379 | €94,751 | €147,153 | ▲ 55.3% |
| Other operating charges640/8 | €960 | €20,964 | €9,522 | €10,405 | €9,976 | ▼ 4.1% |
| Non-recurring operating charges66A | €94,815 | €72,488 | €95,940 | €115,565 | €225,961 | ▲ 95.5% |
| Gross operating margin9900 | €571,414 | €563,228 | €766,051 | €816,128 | €892,865 | ▲ 9.4% |
| Operating profit (loss)9901 | €84,275 | €70,700 | €242,099 | €199,253 | €111,452 | ▼ 44.1% |
| Financial income75/76B | €30 | €21 | €123 | €46 | €597 | ▲ 1,190% |
| Recurring financial income75 | €30 | €21 | €123 | €46 | €597 | ▲ 1,190% |
| Financial charges65/66B | €64,778 | €57,439 | €61,887 | €109,526 | €110,343 | ▲ 0.7% |
| Recurring financial charges65 | €64,778 | €57,439 | €61,887 | €109,526 | €110,343 | ▲ 0.7% |
| Profit (loss) for the period before taxes9903 | €19,527 | €13,281 | €180,336 | €89,773 | €1,705 | ▼ 98.1% |
| Income taxes67/77 | €646 | €20,744 | €21,603 | €8,614 | €716 | ▼ 91.7% |
| Profit (loss) for the period9904 | €18,881 | -€7,463 | €158,733 | €81,159 | €989 | ▼ 98.8% |
| Profit (loss) for the period to be appropriated9905 | €18,881 | -€7,463 | €158,733 | €81,159 | €989 | ▼ 98.8% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.5m | €1.8m | €3.2m | €3.1m | ▼ 3.6% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.2m | €1.8m | €1.8m | ▲ 3.0% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.2m | €1.8m | €1.8m | ▲ 3.0% |
| Land and buildings22 | €332,429 | €324,576 | €323,936 | €315,719 | €307,501 | ▼ 2.6% |
| Plant, machinery and equipment23 | €170,786 | €146,699 | €145,857 | €186,433 | €152,368 | ▼ 18.3% |
| Furniture and vehicles24 | - | - | - | €3,166 | €5,354 | ▲ 69.1% |
| Other tangible fixed assets26 | €662,687 | €622,463 | €743,972 | €1.3m | €1.3m | ▲ 7.4% |
| Financial fixed assets28 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Current assets29/58 | €485,892 | €418,994 | €609,582 | €1.4m | €1.3m | ▼ 11.6% |
| Stocks and contracts in progress3 | €280,472 | €290,703 | €323,297 | €449,716 | €577,476 | ▲ 28.4% |
| Stocks30/36 | €280,472 | €290,703 | €323,297 | €449,716 | €577,476 | ▲ 28.4% |
| Amounts receivable within one year40/41 | €109,970 | €44,567 | €73,363 | €421,866 | €553,042 | ▲ 31.1% |
| Trade receivables40 | €92,607 | €26,149 | €37,913 | €176,575 | €552,711 | ▲ 213% |
| Other amounts receivable41 | €17,363 | €18,418 | €35,450 | €245,292 | €331 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €93,372 | €74,247 | €210,420 | €568,274 | €139,986 | ▼ 75.4% |
| Deferred charges and accrued income490/1 | €2,079 | €9,476 | €2,502 | €7,722 | €9,367 | ▲ 21.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.5m | €1.8m | €3.2m | €3.1m | ▼ 3.6% |
| Equity10/15 | €163,302 | €155,839 | €264,572 | €295,731 | €296,720 | ▲ 0.3% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | - | - | €64,572 | €95,731 | €96,720 | ▲ 1.0% |
| Distributable reserves133 | - | - | €64,572 | €95,731 | €96,720 | ▲ 1.0% |
| Profit (loss) carried forward14 | -€36,698 | -€44,161 | - | - | - | - |
| Amounts payable17/49 | €1.5m | €1.4m | €1.6m | €2.9m | €2.8m | ▼ 4.0% |
| Amounts payable after more than one year17 | €668,082 | €587,813 | €629,031 | €1.1m | €950,356 | ▼ 13.6% |
| Financial debts170/4 | €668,082 | €587,813 | €629,031 | €1.1m | €950,356 | ▼ 13.6% |
| Amounts payable within one year42/48 | €822,211 | €770,880 | €931,544 | €1.8m | €1.8m | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | €78,746 | €80,269 | €101,105 | €151,825 | €154,023 | ▲ 1.4% |
| Financial debts43 | €75,000 | €75,000 | €92,500 | €97,500 | €75,000 | ▼ 23.1% |
| Credit institutions430/8 | €75,000 | €75,000 | €92,500 | €97,500 | €75,000 | ▼ 23.1% |
| Trade debts44 | €602,820 | €577,148 | €645,862 | €1.5m | €1.6m | ▲ 6.4% |
| Suppliers440/4 | €602,820 | €577,148 | €645,862 | €1.5m | €1.6m | ▲ 6.4% |
| Advances received on contracts in progress46 | €24,569 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €41,076 | €38,463 | €42,077 | €45,667 | €51,600 | ▲ 13.0% |
| Taxes450/3 | €646 | €657 | €3,274 | - | €716 | - |
| Remuneration and social security454/9 | €40,430 | €37,805 | €38,804 | €45,667 | €50,883 | ▲ 11.4% |
| Other amounts payable47/48 | - | - | €50,000 | €50,000 | €4,637 | ▼ 90.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,881 | -€7,463 | €158,733 | €81,159 | €989 | ▼ 98.8% |
| + Depreciation and write-downs630 | €72,678 | €72,845 | €79,379 | €94,751 | €147,153 | ▲ 55.3% |
| Operating cash flow (approximation) | €91,559 | €65,383 | €238,112 | €175,910 | €148,142 | ▼ 15.8% |
| Investment in fixed assets (approximation) | - | -€681 | -€199,406 | -€636,633 | -€199,611 | ▲ 68.6% |
| Change in cash | - | -€19,125 | €136,173 | €357,853 | -€428,288 | ▼ 220% |
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
24-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Back to profitnet €158,733
Net result €158,733 after one loss-making year.
31-03
Financial
Equity above €200,000Eq €264,572 ▲69.8%
Equity rises from €155,839 to €264,572.
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €150,000Eq €163,302 ▲13.1%
2 profitable years in a row build equity to €163,302.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Back to profitnet €51,701
Net result €51,701 after one loss-making year.
31-03
Financial
Equity above €100,000Eq €144,421 ▲55.8%
Equity rises from €92,721 to €144,421.
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lievegem · 1 establishment unit since 2019
Ground area
9,186 m²
Building footprint
3,539 m²
Volume, LiDAR
19,597 m³
Parcel 44072E0805/00D000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Proxy Delhaize
since 20192.288.030.753
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44072E0805/00D000 | Flanders | 9,186 m² | 1 · 3,539 m² | 6.7 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.
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 323 EUR awarded · 323 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 176 EUR | 176 EUR |
| 2023 | 1 | 147 EUR | 147 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyLievegem2.288.030.753
Similar companies · same sector, comparable size
Smalco
BE 0751.925.786
Sint-Katelijne-Waver · Eq €296,846
Deliepro
BE 0727.447.936
Poperinge · Eq €296,553
ACLP
BE 0701.758.376
Sint-Gillis (bij-Brussel) · Eq €296,337
DE WALLYS
BE 0438.436.931
Beveren-Kruibeke-Zwijndrecht · Eq €296,154
COVEVA
BE 0422.535.859
Puurs-Sint-Amands · Eq €297,380
Of 10,504 companies in this sector we hold annual accounts for 5,855. 3,810 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
Founded29-03-2019
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0723792224
Also
9925:BE0723792224
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.