EMPWR
ActiveSummary
EMPWR has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114.4m and a net result of -€4.4m. Equity is growing by ~39.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-1
Solvency45▼-8
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 0.86 in 2024; short-term debt: 45.9% and cash: 5.2% of total assets), and 79.8% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.2%
Return on assets
-0.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 3221 sector peers (2025).
NBB · sector comparisonPosition among 3221 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
30 d early
2024
116 d late
2023
41 d early
2022
20 d early
2021
24 d early
2020
40 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 7 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 Which other companies belong to the same group?EMPWR Nutrition Group · 6 companies How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#6 company by total assets in Ghent, Professional and technical services sector#10 fastest grower in East Flanders, Head offices and management consultancy sector
Turnover
€358.5m▲ 115%
2024 · €166.7m
EBIT margin
3.8%▼ 0.2pp
2024 · 4.0%
Net result
-€4.4m
2024 · €5.5m
Working capital
€39.8m
2024 · -€26.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0▼ 100%€119.1m€174.0m▲ 46.1%€166.7m▼ 4.2%€358.5m▲ 115%
Operating result-€210,278▲ 80.3%€5.0m€6.9m▲ 38.0%€6.7m▼ 3.4%€13.5m▲ 103%
Net result-€1.7m▲ 24.3%€273,246€1.6m▲ 470%€5.5m▲ 254%-€4.4m
EBIT margin4.2%4.0%▼ 0.2pp4.0%=3.8%▼ 0.2pp
Equity€29.0m€29.3m▲ 0.9%€113.3m▲ 287%€118.8m▲ 4.9%€114.4m▼ 3.7%
Total assets€141.1m▲ 5.8%€178.5m▲ 26.4%€361.4m▲ 103%€428.7m▲ 18.6%€567.3m▲ 32.3%
Debt€112.1m▼ 17.4%€149.2m▲ 33.0%€248.1m▲ 66.3%€309.8m▲ 24.9%€452.9m▲ 46.2%
Working capital-€97.4m▲ 23.4%-€66.1m▲ 32.2%-€72.2m▼ 9.3%-€26.2m▲ 63.8%€39.8m
Staff (FTE)14.2▲ 82.1%23.8▲ 67.6%27.8▲ 16.8%31.8▲ 14.4%39.4▲ 23.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 103% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €567.3m
Fixed assets
€267.0m ▼ 0.1%
Current assets
€300.3m ▲ 86.0%
Equity and liabilities €567.3m
Equity
€114.4m ▼ 3.7%
Debt
€452.9m ▲ 46.2%
Debt's share of the balance-sheet total rises from 72.3% to 79.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€14.8m▲
2024 · €7.9m
Cash flow
-€3.2m▼
2024 · €6.7m
Current ratio
1.15▲
2024 · 0.86
Quick ratio
1.14▲
2024 · 0.85
Debt to equity
3.96▲
2024 · 2.61
ROE
-3.9%▼
2024 · 4.6%
ROA
-0.8%▼
2024 · 1.3%
Interest coverage
1.00▲
2024 · 0.74
Debt ≤ 1 year
€260.5m▲
2024 · €187.6m
Debt > 1 year
€188.5m▲
2024 · €118.8m
Income taxes
€556▼
2024 · €655,389
Staff costs
€5.4m▲
2024 · €3.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 745 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
1.2%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 745 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €5.5m | €130.4m | €182.8m | €175.6m | €366.8m | ▲ 109% |
| Turnover70 | €0 | €119.1m | €174.0m | €166.7m | €358.5m | ▲ 115% |
| Other operating income74 | €5.5m | €8.8m | €8.7m | €8.9m | €8.2m | ▼ 7.3% |
| Non-recurring operating income76A | €0 | €2.5m | €0 | - | - | - |
| Operating charges60/66A | €5.7m | €125.4m | €175.9m | €168.9m | €353.2m | ▲ 109% |
| Goods for resale, raw materials and consumables60 | - | €112.5m | €161.9m | €155.3m | €333.8m | ▲ 115% |
| Purchases600/8 | - | €111.4m | €159.6m | €155.2m | €335.0m | ▲ 116% |
| Change in stocks: decrease (increase)609 | - | €1.1m | €2.3m | €29,050 | -€1.2m | ▼ 4,385% |
| Services and other goods61 | €4.1m | €7.8m | €9.1m | €6.8m | €11.6m | ▲ 70.2% |
| Remuneration, social security and pensions62 | €1.0m | €2.1m | €3.0m | €3.7m | €5.4m | ▲ 45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,723 | €870,086 | €941,435 | €1.2m | €1.2m | ▲ 2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €6,457 | €0 | - | €124,303 | - |
| Other operating charges640/8 | €0 | €17,914 | €39,258 | €1.1m | €155,567 | ▼ 85.6% |
| Non-recurring operating charges66A | €565,745 | €2.1m | €872,395 | €796,883 | €915,840 | ▲ 14.9% |
| Operating profit (loss)9901 | -€210,278 | €5.0m | €6.9m | €6.7m | €13.5m | ▲ 103% |
| Financial income75/76B | €110,643 | €87,364 | €2.5m | €10.5m | €11.4m | ▲ 8.4% |
| Recurring financial income75 | €110,643 | €87,364 | €2.5m | €10.5m | €11.4m | ▲ 8.4% |
| Income from financial fixed assets750 | - | €16,859 | €24,258 | €54,123 | €1.0m | ▲ 1,815% |
| Income from current assets751 | €110,385 | €55,880 | €2.0m | €6.6m | €10.3m | ▲ 55.4% |
| Other financial income752/9 | €257 | €14,625 | €514,643 | €3.8m | - | - |
| Financial charges65/66B | €1.6m | €4.8m | €7.7m | €11.0m | €29.3m | ▲ 167% |
| Recurring financial charges65 | €1.6m | €4.8m | €7.7m | €11.0m | €29.3m | ▲ 167% |
| Debt charges650 | €1.6m | €1.8m | €6.0m | €10.6m | €14.7m | ▲ 38.2% |
| Other financial charges652/9 | €1,452 | €3.0m | €1.7m | €347,892 | €14.6m | ▲ 4,099% |
| Profit (loss) for the period before taxes9903 | -€1.7m | €317,149 | €1.7m | €6.2m | -€4.4m | ▼ 172% |
| Income taxes67/77 | €1,285 | €43,903 | €144,410 | €655,389 | €556 | ▼ 99.9% |
| Taxes670/3 | €1,285 | €43,903 | €144,410 | €655,389 | €556 | ▼ 99.9% |
| Profit (loss) for the period9904 | -€1.7m | €273,246 | €1.6m | €5.5m | -€4.4m | ▼ 180% |
| Profit (loss) for the period to be appropriated9905 | -€1.7m | €273,246 | €1.6m | €5.5m | -€4.4m | ▼ 180% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €141.1m | €178.5m | €361.4m | €428.7m | €567.3m | ▲ 32.3% |
| Formation expenses20 | €679 | €453 | €226 | - | - | - |
| Fixed assets21/28 | €126.8m | €130.1m | €268.2m | €267.2m | €267.0m | ▼ 0.1% |
| Intangible fixed assets21 | €187,419 | €3.2m | €3.7m | €2.9m | €2.5m | ▼ 12.2% |
| Tangible fixed assets22/27 | €755,161 | €1.1m | €410,111 | €291,943 | €387,361 | ▲ 32.7% |
| Plant, machinery and equipment23 | €82,414 | €90,760 | €73,369 | €80,028 | €4,187 | ▼ 94.8% |
| Furniture and vehicles24 | €106,809 | €135,496 | €115,557 | €96,364 | €129,380 | ▲ 34.3% |
| Other tangible fixed assets26 | €164,406 | €123,490 | €110,993 | €108,920 | €63,678 | ▼ 41.5% |
| Assets under construction and advance payments27 | €401,531 | €774,363 | €110,192 | €6,631 | €190,116 | ▲ 2,767% |
| Financial fixed assets28 | €125.9m | €125.8m | €264.1m | €264.1m | €264.1m | = |
| Affiliated companies280/1 | €125.9m | €125.8m | €264.1m | €264.1m | €264.1m | = |
| Participating interests280 | €125.9m | €125.8m | €264.1m | €264.1m | €264.1m | = |
| Current assets29/58 | €14.3m | €48.3m | €93.3m | €161.5m | €300.3m | ▲ 86.0% |
| Amounts receivable after more than one year29 | - | €280,000 | €14.1m | €66.7m | €204.7m | ▲ 207% |
| Other amounts receivable291 | - | €280,000 | €14.1m | €66.7m | €204.7m | ▲ 207% |
| Stocks and contracts in progress3 | €0 | €4.4m | €1.5m | €1.5m | €2.7m | ▲ 85.7% |
| Stocks30/36 | - | €4.4m | €1.5m | €1.5m | €2.7m | ▲ 85.7% |
| Goods purchased for resale34 | - | €3.8m | €1.5m | €1.5m | €2.7m | ▲ 85.7% |
| Advance payments36 | - | €645,791 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €14.3m | €38.2m | €65.6m | €84.6m | €63.2m | ▼ 25.3% |
| Trade receivables40 | €7.1m | €29.0m | €11.7m | €20.9m | €42.3m | ▲ 102% |
| Other amounts receivable41 | €7.2m | €9.2m | €53.9m | €63.7m | €20.9m | ▼ 67.2% |
| Cash at bank and in hand54/58 | €53,138 | €5.3m | €12.0m | €8.6m | €29.5m | ▲ 243% |
| Deferred charges and accrued income490/1 | €25,735 | €139,812 | €74,130 | €118,745 | €231,069 | ▲ 94.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €141.1m | €178.5m | €361.4m | €428.7m | €567.3m | ▲ 32.3% |
| Equity10/15 | €29.0m | €29.3m | €113.3m | €118.8m | €114.4m | ▼ 3.7% |
| Contributions10/11 | €33.1m | €33.1m | €115.5m | €115.5m | €115.5m | = |
| Profit (loss) carried forward14 | -€4.0m | -€3.8m | -€2.2m | €3.3m | -€1.1m | ▼ 134% |
| Amounts payable17/49 | €112.1m | €149.2m | €248.1m | €309.8m | €452.9m | ▲ 46.2% |
| Amounts payable after more than one year17 | - | €33.6m | €80.5m | €118.8m | €188.5m | ▲ 58.7% |
| Financial debts170/4 | - | €33.6m | €80.5m | €79.3m | €126.3m | ▲ 59.3% |
| Credit institutions173 | - | €33.6m | €80.5m | €79.3m | €126.3m | ▲ 59.3% |
| Other amounts payable178/9 | - | - | - | €39.5m | €62.2m | ▲ 57.3% |
| Amounts payable within one year42/48 | €111.7m | €114.4m | €165.5m | €187.6m | €260.5m | ▲ 38.8% |
| Current portion of amounts payable after more than one year42 | - | - | €8.5m | €9.7m | €9.6m | ▼ 1.5% |
| Trade debts44 | €1.4m | €58.7m | €94.7m | €127.6m | €215.4m | ▲ 68.8% |
| Suppliers440/4 | €1.4m | €58.7m | €94.7m | €127.6m | €215.4m | ▲ 68.8% |
| Advances received on contracts in progress46 | - | - | €20.1m | €16.0m | €11.2m | ▼ 30.1% |
| Taxes, remuneration and social security45 | €108,160 | €1.3m | €1.5m | €1.2m | €1.2m | ▼ 6.4% |
| Taxes450/3 | €64 | €1.2m | €1.2m | €863,103 | €674,723 | ▼ 21.8% |
| Remuneration and social security454/9 | €108,096 | €179,849 | €282,708 | €367,807 | €477,455 | ▲ 29.8% |
| Other amounts payable47/48 | €110.2m | €54.4m | €40.7m | €33.1m | €23.2m | ▼ 29.9% |
| Accrued charges and deferred income492/3 | €405,451 | €1.2m | €2.1m | €3.4m | €3.8m | ▲ 12.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.7m | €273,246 | €1.6m | €5.5m | -€4.4m | ▼ 180% |
| + Depreciation and write-downs630 | €41,723 | €870,086 | €941,435 | €1.2m | €1.2m | ▲ 2.9% |
| Operating cash flow (approximation) | -€1.7m | €1.1m | €2.5m | €6.7m | -€3.2m | ▼ 148% |
| Investment in fixed assets (approximation) | - | -€4.2m | -€139.0m | -€259,692 | -€980,223 | ▼ 277% |
| Change in cash | - | €5.3m | €6.7m | -€3.4m | €20.9m | ▲ 706% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€4.4m
Net result drops to -€4.4m, the lowest in the series.
24-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 116 days late
2024
31-12
Financial
Highest result since 2020net €5.5m ▲254%
Net result €5.5m, the highest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €100mEq €113.3m ▲287%
2 profitable years in a row build equity to €113.3m.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €273,246
Net result €273,246 after 2 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €25mEq €29.0m
Equity rises from -€2.2m to €29.0m.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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 2020
Ground area
1,249 m²
Building footprint
1,249 m²
Volume, LiDAR
36,194 m³
Parcel 44082B0532/00A002, Flanders · tallest building 56.8 m, ±10 floors. Linked by address, not a title deed.
31
companies at this address
See who is registered here
1 establishment unit
EMPWR
since 20202.299.017.289
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0532/00A002 | Flanders | 1,249 m² | 1 · 1,249 m² | 56.8 m · 10 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
Part of the group
EMPWR Nutrition Group
6 companies
Group, risk and exposure
Owners and holdings
1 owner · 3 holdingsChain of control
- EMPWR Nutrition Group
- EMPWR
Highest known parent: EMPWR Nutrition Group. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 3
-
100%
-
100%
- EMPWR društvo s ograničenom odgovornošću za proizvodnjuHRsubsidiarySourceLEI registerconsolidated
According to the 2025 annual accounts of EMPWR 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
984500BA02F37CFP7190
Similar companies · same sector, comparable size
VT-INVEST
BE 0883.073.845
Aalter · Eq €113.9m
SENINVEST
BE 0500.693.313
Brussel · Eq €113.4m
Phoenix Holding
BE 0802.117.645
Machelen (Brab.) · Eq €116.2m
Magic Bidco
BE 0750.527.996
Brussel · Eq €116.7m
Romulus en Remus
BE 0885.967.019
Antwerpen · Eq €112.1m
Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 1,011 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
Founded15-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
70200Business and other management consultancy
64210Activities of holding companies
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741604887
Also
9925:BE0741604887
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.