Equity
€13.5m ▲ 18.5%
EMZ WERKE MANDERFELD has made a profit without a break since 2016.
EMZ WERKE MANDERFELD
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1978peak €24.8m (2022)
€14.5m▲ 6.4%
lowest -€753,771 (2012)
€2.0m▲ 376%
peak €13.5m (2025)
€13.5m▲ 18.5%
€13.3m▼ 15.9%
peak 71 FTE (2019)
40.8 FTE▼ 14.8%
Board6 names since 2022
4 directorsHAAS Ingrid and 3 others
Owners6 names in the annual accounts
11.11%INTER and 2 others
Documentsfilings and deeds
29-06-202632 days before the deadline
2025financial year
Result from €419,577 to €2.0mStaff from 47.9 FTE to 40.8 FTE5 directors reappointed 02-10Equity from €11.4m to €13.5mDebts from €15.8m to €13.3m
Key points
from the 2025 annual accountsResult
€2.0m ▲ 376%
The result rose in 2025 from €419,577 to €2.0m.
Staff
40.8 FTE from 71 in 2019
Between 2019 and 2025, 43% of the full-time equivalents disappeared.
Payment terms
53 days to suppliers
EMZ WERKE MANDERFELD pays its suppliers 41 days earlier than in 2024. Customers pay 35 days earlier.
Filings
48 annual accounts since 1978
The 2019 accounts came 12 days late. The other nine of the last ten were filed on time.
Position in the sector
€13.5m
More equity than 94% of companies in repair and installation of machinery. Sector median €994,870 · 191 companies.
Checked score
92
Excellent
Financially stronger than 64% of small companies in repair and installation of machinery (NACE 33)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 194 companies (NACE 33, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.2%▼ -0.1 percentage points vs 01-2026
03-2026: 0.3%▲ +0.1 percentage points vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.7%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.2%▼ -0.5 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.72, cash €738,968
Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)
lowers risk
Size: turnover €14.5m, 40.8 FTE, total assets €26.8m
Founded in 1961
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 33, small). It does better than 66% of them on solvency, 43% on liquidity, 81% on profitability and 67% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as EMZ WERKE MANDERFELD has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of EMZ WERKE MANDERFELD itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for EMZ WERKE MANDERFELD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,200,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.72 (1.6 in 2024), above the usual 1.5. Short-term debt is 29.1% and cash 2.8% of total assets. 49.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
6 days early
2023
35 days early
2022
42 days early
2021
46 days early
2020
73 days early
2019
12 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
SJ
SRM Jean-Louis Prignon, reviseurs d'entreprises
Auditor, Jean-Louis Prignon
- ROTO BV consolidatesannual accounts 2012
- STACO HOLDING BV consolidatesannual accounts 2012
- INTER 11.11%equity €3.6m (2025) · 2025 annual accounts of INTER
Shares in 1 company, EMZ LUX s.a.r.l.
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0405852651
5 directors reappointed
SRM Jean-Louis Prignon, reviseurs d'entreprises (betriebsrevisor kommissar); Joseph Haas; Norbert Haas; Thomas Haas and HAAS Ingrid GmbH (managing director) · Permanent representative: Ingrid Haas · General meeting of 30-06-2025 · Gazette deed
Reappointment: SCPRL JL PRIGNON (betriebsrevisor)
Permanent representative: Ingrid Haas · General meeting of 09-06-2022 · Gazette deed
Satzungen (Uebersetzung, Koordination, Andere Aenderungen, ) - Gegenstand
“Die Entwicklung von Projekten oder Aktivitäten,allein oder mit Partnern,im Bereich der erneuerbaren Energien…” (deed in German) · General meeting of 06-04-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EMZ WERKE MANDERFELD Bullange | €14.5m | 19.3% | 50.4% | 40.8 |
| HORTIPLAN Sint-Katelijne-Waver | €35.5m | -5.7% | 38.5% | 61.6 |
| MACQ Evere | €15.1m | -3.1% | 18.6% | 83.9 |
| AUTOMATION & ROBOTICS Verviers | €24.4m | 9.2% | 55.3% | 116.2 |
| VAN VOOREN Bruges | €18.9m | 10.3% | 59.0% | 42.1 |
| Dematic Antwerp | €30.7m | -11.2% | 48.1% | 144.4 |
| Spraying Systems AutoJet Europe Deinze | €14.6m | 1.4% | 40.7% | 52.5 |
Grey: the largest companies of the sector (repair and installation of machinery (NACE 33)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as EMZ WERKE MANDERFELD: installation of industrial machinery and equipment (NACE 33200). They are comparable in size and age: total assets between €9.1m and €33m, founded between 1930 and 1998.
Official details
Source: KBO- Status
- Active since 22-03-1961Normal situation
- Activity
- Installation of industrial machinery and equipmentNACE 33200and 8 others
- Establishment unit
- 2.006.574.9594760 Bullange, since 01-05-1962
- Financial year end
- 31 December
- Peppol
- Reachable since 23-01-2026
Annual accounts 2025
- €26.8m▼ 1.5%
- Employeeson 31-12-2025
- 41▼ 12.8%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Companies linked to EMZ WERKE MANDERFELD
Shareholders
Insights on EMZ WERKE MANDERFELD
EMZ WERKE MANDERFELD has existed since 1961. Turnover grew from €6.1m in 2006 to €14.5m in 2025.
Solvency rose in 2025 from 41.9% to 50.4% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EMZ WERKE MANDERFELD
- What is the company number of EMZ WERKE MANDERFELD?
- The company number of EMZ WERKE MANDERFELD is 0405.852.651. The VAT number is the same number with BE in front: BE 0405.852.651.
- Where is EMZ WERKE MANDERFELD based?
- The registered office is at Merlscheid 26, 4760 Bullange.Company details
- What does EMZ WERKE MANDERFELD do?
- According to the KBO register, the main activity is installation of industrial machinery and equipment (NACE 33200).
- What is the legal form of EMZ WERKE MANDERFELD?
- EMZ WERKE MANDERFELD is a public limited company (NV).
- When was EMZ WERKE MANDERFELD founded?
- EMZ WERKE MANDERFELD was founded on 22-03-1961.
- Is EMZ WERKE MANDERFELD still active?
- Yes, EMZ WERKE MANDERFELD is an active enterprise in the KBO register.
- How many employees does EMZ WERKE MANDERFELD have?
- EMZ WERKE MANDERFELD had an average of 40.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of EMZ WERKE MANDERFELD?
- The turnover of EMZ WERKE MANDERFELD was €14.5m in financial year 2025, according to the filed annual accounts.
- Is EMZ WERKE MANDERFELD profitable?
- In financial year 2025, EMZ WERKE MANDERFELD made a profit of €2.0m.
- Where can I find the annual accounts of EMZ WERKE MANDERFELD?
- EMZ WERKE MANDERFELD filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EMZ WERKE MANDERFELD due?
- EMZ WERKE MANDERFELD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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