Summary
Empin is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €61,935 and a net result of €21,010. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 23% of 8094 sector peers (fiscal year 2025). The company has been active since 2015 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 23% of 8094 sector peers (2025).
NBB · sector comparisonPosition among 8094 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 25-08-2025, 36 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
36 d early
2024
7 d late
2023
10 d late
2022
35 d early
2021
15 d late
2020
26 d early
2019
3 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 10 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 (1)
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€61,935▲ 51.3%
2024 · €40,925
Net result
€21,010
2024 · -€2,631
Total assets
€336,435▼ 0.7%
2024 · €338,974
Solvency
18.4%▲ 6.3pp
2024 · 12.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,677▼ 232%-€7,350▼ 10.1%-€12,859▼ 75.0%-€18,103▼ 40.8%€13,992
Net result€17,472=-€6,021below the sector's middle half€14,082within the sector's middle half-€2,631below the sector's middle half€21,010within the sector's middle half
Equity€45,110=€29,474below the sector's middle half▼ 34.7%€43,556within the sector's middle half▲ 47.8%€40,925within the sector's middle half▼ 6.0%€61,935within the sector's middle half▲ 51.3%
Total assets€205,347▲ 27.9%€260,274below the sector's middle half▲ 26.7%€307,360within the sector's middle half▲ 18.1%€338,974within the sector's middle half▲ 10.3%€336,435within the sector's middle half▼ 0.7%
Debt€169,852▲ 47.1%€230,800▲ 35.9%€263,804▲ 14.3%€298,049▲ 13.0%€274,500▼ 7.9%
Working capital€25,595▼ 27.3%€19,574within the sector's middle half▼ 23.5%€33,656within the sector's middle half▲ 71.9%€31,025within the sector's middle half▼ 7.8%€52,035within the sector's middle half▲ 67.7%
Solvency22.0%▼ 6.1pp11.3%below the sector's middle half▼ 10.6pp14.2%below the sector's middle half▲ 2.8pp12.1%below the sector's middle half▼ 2.1pp18.4%below the sector's middle half▲ 6.3pp
Current ratio1.15▼ 0.151.08within the sector's middle half▼ 0.071.13within the sector's middle half▲ 0.041.10within the sector's middle half▼ 0.021.19within the sector's middle half▲ 0.09
Return on assets (ROA)8.5%▼ 2.4pp-2.3%below the sector's middle half▼ 10.8pp4.6%within the sector's middle half▲ 6.9pp-0.8%below the sector's middle half▼ 5.4pp6.2%within the sector's middle half▲ 7.0pp
Staff (FTE)0.5▲ 150%0.5within the sector's middle half=1▲ 100%0.8▼ 20.0%
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13,992 after a loss of €18,103 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €336,435
Fixed assets
€9,900 =
Current assets
€326,535 ▼ 0.8%
Equity and liabilities €336,435
Equity
€61,935 ▲ 51.3%
Debt
€274,500 ▼ 7.9%
Debt's share of the balance-sheet total falls from 87.9% to 81.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
33.9%▲
2024 · -6.4%
Debt ≤ 1 year
€274,500▼
2024 · €298,049
Income taxes
€10,826▲
2024 · €1,036
Staff costs
€0▼
2024 · €26,353
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €15,643 | €22,793 | €26,353 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | €568 | €469 | €545 | €528 | ▼ 3.1% |
| Gross operating margin9900 | €9,246 | €8,861 | €10,403 | €8,795 | €14,520 | ▲ 65.1% |
| Operating profit (loss)9901 | -€6,677 | -€7,350 | -€12,859 | -€18,103 | €13,992 | ▲ 177% |
| Financial income75/76B | - | €11,066 | €36,645 | €21,806 | €29,804 | ▲ 36.7% |
| Recurring financial income75 | €21,051 | €11,066 | €36,645 | €21,806 | €29,804 | ▲ 36.7% |
| Financial charges65/66B | - | €9,594 | €4,630 | €5,298 | €11,960 | ▲ 126% |
| Recurring financial charges65 | €7,297 | €9,594 | €4,630 | €5,298 | €11,960 | ▲ 126% |
| Profit (loss) for the period before taxes9903 | €17,791 | -€5,878 | €19,156 | -€1,595 | €31,836 | ▲ 2,096% |
| Income taxes67/77 | €320 | €143 | €5,074 | €1,036 | €10,826 | ▲ 945% |
| Profit (loss) for the period9904 | €17,472 | -€6,021 | €14,082 | -€2,631 | €21,010 | ▲ 898% |
| Profit (loss) for the period to be appropriated9905 | €17,472 | -€6,021 | €14,082 | -€2,631 | €21,010 | ▲ 898% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €205,347 | €260,274 | €307,360 | €338,974 | €336,435 | ▼ 0.7% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €9,900 | €9,900 | €9,900 | €9,900 | €9,900 | = |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €9,900 | €9,900 | €9,900 | €9,900 | €9,900 | = |
| Current assets29/58 | €195,447 | €250,374 | €297,460 | €329,074 | €326,535 | ▼ 0.8% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €8,534 | €11,287 | €6,334 | €8,327 | €0 | ▼ 100% |
| Trade receivables40 | - | €8,567 | €1,234 | €2,468 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €2,721 | €5,100 | €5,859 | €0 | ▼ 100% |
| Current investments50/53 | €182,475 | €229,183 | €285,821 | €315,136 | €320,441 | ▲ 1.7% |
| Cash at bank and in hand54/58 | €7,400 | €9,904 | €5,305 | €5,611 | €6,093 | ▲ 8.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €205,347 | €260,274 | €307,360 | €338,974 | €336,435 | ▼ 0.7% |
| Equity10/15 | €45,110 | €29,474 | €43,556 | €40,925 | €61,935 | ▲ 51.3% |
| Contributions10/11 | - | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Reserves13 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Non-distributable reserves130/1 | - | €1,000 | €1,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,000 | €1,000 | €0 | - | - |
| Distributable reserves133 | - | - | - | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €31,110 | €15,474 | €29,556 | €26,925 | €47,935 | ▲ 78.0% |
| Amounts payable17/49 | €169,852 | €230,800 | €263,804 | €298,049 | €274,500 | ▼ 7.9% |
| Amounts payable within one year42/48 | €169,852 | €230,800 | €263,804 | €298,049 | €274,500 | ▼ 7.9% |
| Trade debts44 | €608 | €1,054 | €777 | €49 | €0 | ▼ 100% |
| Suppliers440/4 | - | €1,054 | €777 | €49 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €2,247 | €2,527 | €0 | €2,000 | - |
| Taxes450/3 | - | €984 | €247 | €0 | €2,000 | - |
| Remuneration and social security454/9 | - | €1,263 | €2,279 | €0 | - | - |
| Other amounts payable47/48 | - | €227,500 | €260,500 | €298,000 | €272,500 | ▼ 8.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,472 | -€6,021 | €14,082 | -€2,631 | €21,010 | ▲ 898% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | €17,472 | -€6,021 | €14,082 | -€2,631 | €21,010 | ▲ 898% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,505 | -€4,599 | €306 | €483 | ▲ 57.9% |
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
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
28-02
Financial
Back to profitnet €21,010
Net result €21,010 after one loss-making year.
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 10 days late
28-02
Financial
Back to profitnet €14,082
Net result €14,082 after one loss-making year.
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
28-02
Financial
Weakest financial yearnet -€6,021
Net result drops to -€6,021, the lowest in the series; recovery starts the following year.
2021
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 15 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · 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.
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Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2015
Ground area
541 m²
Building footprint
58 m²
Volume, LiDAR
786 m³
Parcel 44815F3635/00G008, Flanders · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Empin
since 20152.250.081.779
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F3635/00G008 | Flanders | 541 m² | 1 · 58 m² | 15.8 m · 4 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 28-02-2025 list no shareholders, and no other source names one.
Holdings 1
-
99%
According to the annual accounts to 28-02-2025 of Empin 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600MYZLPLLU3VFA48
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 11,067 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
Founded08-12-2015
Fiscal year end28-02
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0643962808
Also
9925:BE0643962808
Registered
16-02-2026
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.