EMPIRE 11
ActiveSummary
EMPIRE 11 has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-136k) and a net result of €45k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 5% of 1208 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▼-1
Solvency0=
Growth72=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.44 in 2024; short-term debt: 172.8% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-72.8%
Return on assets
23.9%
Age of the figures
15 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1208 sector peers (2025).
NBB · sector comparisonPosition among 1208 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 14-01-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
348 d late
2023
on the day
2022
9 d late
2021
10 d late
2020
367 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€50k▲ 40.9%
2024 · €36k
2021: €9klowest in 5 years
2022: €624k▲ +6731% vs 2021highest in 5 years
2023: €68k▼ -89.2% vs 2022
2024: €36k▼ -47.2% vs 2023
2025: €50k▲ +40.9% vs 2024
2021 → 2025
EBIT margin
89.0%▼ 8.6pp
2024 · 97.6%
2021: -522.7%lowest in 5 years
2022: -4.0%▲ +99.2% vs 2021
2023: 44.6%▲ +1217% vs 2022
2024: 97.6%▲ +119% vs 2023highest in 5 years
2025: 89.0%▼ -8.8% vs 2024
2021 → 2025
Net result
€45k▲ 28.4%
2024 · €35k
2019: €-17k
2020: €-188k▼ -1004% vs 2019lowest in 7 years
2021: €-48k▲ +74.6% vs 2020
2022: €-27k▲ +43.4% vs 2021
2023: €28k▲ +204% vs 2022
2024: €35k▲ +24.2% vs 2023
2025: €45k▲ +28.4% vs 2024highest in 7 years
2019 → 2025
Working capital
€-136k▲ 24.7%
2024 · €-181k
2019: €19khighest in 7 years
2020: €-169k▼ -986% vs 2019
2021: €-217k▼ -28.3% vs 2020
2022: €-244k▼ -12.5% vs 2021lowest in 7 years
2023: €-216k▲ +11.5% vs 2022
2024: €-181k▲ +16.2% vs 2023
2025: €-136k▲ +24.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9k-€624k▲ 6,731%€68k▼ 89.2%€36k▼ 47.2%€50k▲ 40.9%
2021: €9klowest in 5 years
2022: €624k▲ +6731% vs 2021highest in 5 years
2023: €68k▼ -89.2% vs 2022
2024: €36k▼ -47.2% vs 2023
2025: €50k▲ +40.9% vs 2024
Equity€-217k-€-244k▼ 12.5%€-216k▲ 11.5%€-181k▲ 16.2%€-136k▲ 24.7%
2021: €-217k
2022: €-244k▼ -12.5% vs 2021lowest in 5 years
2023: €-216k▲ +11.5% vs 2022
2024: €-181k▲ +16.2% vs 2023
2025: €-136k▲ +24.7% vs 2024highest in 5 years
Operating result€-48k-€-25k▲ 47.9%€30k€35k▲ 15.6%€45k▲ 28.5%
2021: €-48klowest in 5 years
2022: €-25k▲ +47.9% vs 2021
2023: €30k▲ +221% vs 2022
2024: €35k▲ +15.6% vs 2023
2025: €45k▲ +28.5% vs 2024highest in 5 years
Net result€-48k-€-27k▲ 43.4%€28k€35k▲ 24.2%€45k▲ 28.4%
2021: €-48klowest in 5 years
2022: €-27k▲ +43.4% vs 2021
2023: €28k▲ +204% vs 2022
2024: €35k▲ +24.2% vs 2023
2025: €45k▲ +28.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Key figures and ratios
Solvency
-72.8%▲
2024 · -125.6%
Current ratio
0.58▲
2024 · 0.44
Debt to equity
-2.37▼
2024 · -1.80
ROA
23.9%▼
2024 · 24.2%
Debt
€323k▼
2024 · €325k
Debt ≤ 1 year
€323k▼
2024 · €325k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€144k€187k▲
Current assets29/58€144k€187k▲
Amounts receivable within one year40/41€126k€169k▲
Trade receivables40€95k€136k▲
Other amounts receivable41€31k€33k▲
Cash at bank and in hand54/58€91€52▼
Deferred charges and accrued income490/1€18k€18k=
Equity and liabilities
Total equity and liabilities10/49€144k€187k▲
Equity10/15€-181k€-136k▲
Contributions10/11€6k€6k=
Outside capital11-€6k
Other1109/19-€6k
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-189k€-144k▲
Amounts payable17/49€325k€323k▼
Amounts payable within one year42/48€325k€323k▼
Taxes, remuneration and social security45€0-
Other amounts payable47/48€325k€323k▼
Income statement
Code20242025
Turnover70€36k€50k▲
Goods, raw materials, services and sundry goods60/61€2k€6k▲
Other operating charges640/8€132€304▲
Gross operating margin9900€35k€45k▲
Operating profit (loss)9901€35k€45k▲
Financial charges65/66B-€47
Recurring financial charges65-€47
Profit (loss) for the period before taxes9903€35k€45k▲
Profit (loss) for the period9904€35k€45k▲
Profit (loss) for the period to be appropriated9905€35k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-189k€-144k▲
Profit (loss) brought forward from the previous period14P€-224k€-189k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €9k | €624k | €68k | €36k | €50k | ▲ 40.9% |
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €647k | €25k | €2k | €6k | ▲ 247% |
| Other operating charges640/8 | - | €2k | €13k | €132 | €304 | ▲ 131% |
| Gross operating margin9900 | €-47k | €-23k | €43k | €35k | €45k | ▲ 28.9% |
| Operating profit (loss)9901 | €-48k | €-25k | €30k | €35k | €45k | ▲ 28.5% |
| Financial income75/76B | - | €0 | €0 | - | - | - |
| Recurring financial income75 | - | €0 | €0 | - | - | - |
| Financial charges65/66B | - | €2k | €537 | - | €47 | - |
| Recurring financial charges65 | €42 | €2k | €537 | - | €47 | - |
| Profit (loss) for the period before taxes9903 | €-48k | €-27k | €30k | €35k | €45k | ▲ 28.4% |
| Income taxes67/77 | €30 | €0 | €2k | - | - | - |
| Profit (loss) for the period9904 | €-48k | €-27k | €28k | €35k | €45k | ▲ 28.4% |
| Profit (loss) for the period to be appropriated9905 | €-48k | €-27k | €28k | €35k | €45k | ▲ 28.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54k | €53k | €73k | €144k | €187k | ▲ 29.9% |
| Fixed assets21/28 | €0 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €0 | €0 | €0 | - | - | - |
| Furniture and vehicles24 | - | €0 | €0 | - | - | - |
| Current assets29/58 | €54k | €53k | €73k | €144k | €187k | ▲ 29.9% |
| Amounts receivable within one year40/41 | €52k | €47k | €73k | €126k | €169k | ▲ 34.2% |
| Trade receivables40 | - | €31k | €73k | €95k | €136k | ▲ 42.8% |
| Other amounts receivable41 | - | €16k | €0 | €31k | €33k | ▲ 7.8% |
| Cash at bank and in hand54/58 | €2k | €6k | €576 | €91 | €52 | ▼ 43.2% |
| Deferred charges and accrued income490/1 | - | - | - | €18k | €18k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54k | €53k | €73k | €144k | €187k | ▲ 29.9% |
| Equity10/15 | €-217k | €-244k | €-216k | €-181k | €-136k | ▲ 24.7% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Outside capital11 | - | €6k | €6k | - | €6k | - |
| Other1109/19 | - | €6k | €6k | - | €6k | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-225k | €-252k | €-224k | €-189k | €-144k | ▲ 23.7% |
| Amounts payable17/49 | €271k | €296k | €289k | €325k | €323k | ▼ 0.5% |
| Amounts payable within one year42/48 | €271k | €296k | €289k | €325k | €323k | ▼ 0.5% |
| Trade debts44 | €23k | €21k | €0 | - | - | - |
| Suppliers440/4 | - | €21k | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €0 | €72k | €0 | - | - |
| Taxes450/3 | - | €0 | €72k | - | - | - |
| Other amounts payable47/48 | - | €275k | €217k | €325k | €323k | ▼ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-48k | €-27k | €28k | €35k | €45k | ▲ 28.4% |
| Operating cash flow (approximation) | €-48k | €-27k | €28k | €35k | €45k | ▲ 28.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €4k | €-5k | €-485 | €-39 | ▲ 91.9% |
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
Next filing, fiscal year 2026, expected by
2026
14-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 348 days late
2025
30-06
Financial
Highest result since 2019net €45k ▲28.4%
Operating result €45k, net result €45k, both a record.
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Back to profitnet €28k
Net result €28k after 4 loss-making years.
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 9 days late
2022
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 367 days late
2020
30-06
Financial
Weakest financial yearnet €-188k
Net result drops to €-188k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Zele · 1 establishment unit since 2012
Ground area
4,070 m²
Building footprint
1,927 m²
Volume, LiDAR
27 m³
Parcel 42028A1513/00A000, Flanders · tallest building 6.6 m. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
EMPIRE 11
since 20122.230.907.057
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1513/00A000 | Flanders | 4,070 m² | 1 · 1,927 m² | 6.6 m |
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 1,281 companies in sector 81100 we hold annual accounts for 678. 271 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
Founded05-03-2012
Fiscal year end30-06
Activities, NACEBEL 2025
81100Combined facilities support activities
47711Retail sale of women's outerwear
47712Retail trade
47721Retail sale of footwear
Scores and ratios are computed by Checked and are not a credit decision.