EMPIRE GROUP
Open bankruptcyA bankruptcy procedure is open for EMPIRE GROUP according to publications in the Belgian State Gazette; curator: STEVEN VERBEKE. The 2020 annual accounts show equity of €117k and a net result of €2k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2020, micro schema
Equity
€117k▲ 1.4%
2019 · €115k
2018: €83k
2019: €115k
2018 → 2020
Total assets
€606k▲ 42.8%
2019 · €425k
2018: €309k
2019: €425k
2018 → 2020
Net result
€2k▼ 95.0%
2019 · €32k
2018: €84k
2019: €32k
2018 → 2020
Working capital
€133k▲ 24.6%
2019 · €107k
2018: €71k
2019: €107k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€83k-€115k▲ 38.6%€117k▲ 1.4%
Operating result€117k-€42k▼ 63.8%€6k▼ 85.9%
Net result€84k-€32k▼ 61.6%€2k▼ 95.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2020 is 86% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €606k
Fixed assets
€74k▲ 779%
Current assets
€532k▲ 27.9%
Equity and liabilities €606k
Equity
€117k▲ 1.4%
Debt
€489k▲ 58.3%
The debt ratio rises from 72.8% to 80.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17k▼
2019 · €48k
Cash flow
€12k▼
2019 · €38k
Solvency
19.3%▼
2019 · 27.2%
Current ratio
1.33▼
2019 · 1.35
Quick ratio
0.73▲
2019 · 0.58
Debt / equity
0.77
ROE
1.4%▼
2019 · 27.8%
ROA
0.3%▼
2019 · 7.6%
Debt
€489k▲
2019 · €309k
Debt ≤ 1 year
€399k▲
2019 · €309k
Debt > 1 year
€90k
Income taxes
€976▼
2019 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€425k€606k▲
Fixed assets21/28€8k€74k▲
Intangible fixed assets21€2k€15k▲
Tangible fixed assets22/27€6k€58k▲
Financial fixed assets28€700€1k▲
Current assets29/58€416k€532k▲
Stocks and contracts in progress3€238k€241k▲
Amounts receivable within one year40/41€159k€239k▲
Current investments50/53€45-
Cash at bank and in hand54/58€19k€52k▲
Equity and liabilities
Total equity and liabilities10/49€425k€606k▲
Equity10/15€115k€117k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Profit (loss) carried forward14€107k€109k▲
Amounts payable17/49€309k€489k▲
Amounts payable after more than one year17-€90k
Amounts payable within one year42/48€309k€399k▲
Trade debts44€190k€224k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€11k▲
Gross operating margin9900€155k€113k▼
Operating profit (loss)9901€42k€6k▼
Recurring financial income75€792€3k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€39k€3k▼
Income taxes67/77€7k€976▼
Profit (loss) for the period9904€32k€2k▼
Profit (loss) for the period to be appropriated9905€32k€2k▼
Timeline · acts, filings and financial milestones
2022
14-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · EMPIRE GROUP BV FABRIEKS- STRAAT 52-5, 1800 VILVOORDE · event 07-06-2022
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-12
Financial
Weakest financial yearnet €2k ▼95%
Net result drops to €2k, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Equity above €100kEq €115k ▲38.6%
2 profitable years in a row build equity to €115k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 162 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Vilvoorde · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Fabrieksstraat 52-541800 VilvoordeGround area
2,280 m²
Building footprint
1,325 m²
Volume, LiDAR
9,573 m³
Parcel 23644H0067/00F000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EMPIRE GROUP
since 20162.252.447.688
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23644H0067/00F000 | Flanders | 2,280 m² | 1 · 1,325 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN VERBEKE LAKENSESTRAAT 154 B11,
1000 BRUSSEL 1 |
07-06-2022 → present |
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,206 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-04-2016
Fiscal year end31-12
Abbreviation FR
E.G.B.
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.