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Ebema Group

Active Public limited companyfounded 1991active for 35 yearsDijkstraat 3, 3690 ZutendaalKBO/BCE: BE 0445.448.348 #1 company by equity in Zutendaal

Lifetime

20 annual accounts with figures on one time axis, 33 filings since 1992
peak €2.0m (2025)
€2.0m▲ 18.4%
peak €10.7m (2018)
€158,267▼ 63.6%
peak €19.2m (2024)
€17.7m▼ 7.8%
€10.3m▲ 12.9%
peak 7.8 FTE (2022)
7.1 FTE▼ 7.8%
Board16 names since 2016all names
5 directorsJAN PANIS and 4 others
Owners7 names in the annual accountsall names
25.01%WALTER PANIS and 2 others
Documentsfilings and deeds
30-06-202631 days before the deadline
2025financial year
Turnover from €1.7m to €2.0mResult from €434,554 to €158,267Resignation: DE LINDE BV (director) 20-08Dividend €1.7mInvestments €123,848Cash from €33,591 to €51,235

Key points

from the 2025 annual accounts

Equity

€17.7m ▼ 7.8%
19.22024+0.2Profit-1.7Dividend17.72025

Ebema Group paid out €1.7m in dividends. That is 1,043% of the 2025 profit.

Result

€158,267 ▼ 63.6%
€435,0002024€158,0002025

The result fell in 2025: merger with EBEDAL.

Payment terms

124 days to suppliers
Suppliers
115 to 124
Customers
60 to 80

Ebema Group pays its suppliers 9 days later than in 2024. Customers pay 20 days later.

Group

6 companies controlled

Heads a group.

Board

5 joined · 1 left

Board changed. Latest change 19-06-2026 · 10 in office.

Position in the sector

€17.7m

More equity than 91% of companies in real estate. Sector median €942,893 · 5,811 companies.

Standalone figures, without subsidiaries

Checked score

90
Excellent
Financially stronger than 52% of micro companies in real estate (NACE 68)
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: 0.2% across 26,625 companies (NACE 68, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.2%▼ -0.1 percentage points vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -0.2 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Strong

88-5equity 63.1% of total assets
34-6short-term debt 36.7% · cash 0.2%
67+4return on assets 0.6%

Score breakdown

raises risk
Liquidity: current ratio 0.05, cash €51,235
lowers risk
Founded in 1991
Equity €17.7m (63.1% of total assets)
Legal form: public limited company
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 68, micro). It does better than 73% of them on solvency, 26% on liquidity, 54% on profitability and 54% on growth.

The bankruptcy probability was computed on 07-11-2026 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).

Credit verdict

Credit of up to €200,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.05 (0.12 in 2024), below 1. Short-term debt is 36.7% and cash 0.2% of total assets. 36.9% 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
raises risk · Liquidity: current ratio 0.05, cash €51,235
NBB · annual accounts
lowers risk · Founded in 1991
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €17.7m (63.1% of total assets)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
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 30-06-2026, 31 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
31 days early
2024
28 days early
2023
33 days early
2022
46 days early
2021
48 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 37 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

JP
Director, PANIS Toon-Bert Walter Gritus, since 29-12-2023
JP
Director
WP
Director, PANIS Stijn Albert Johanna Ludovicus, since 29-12-2023
WP
Director
DS
Director, Koen THEWISSEN, since 20-06-2025
BB
Auditor, Gert Maris
and 5 othersand 2 other shareholders

Shares in 7 companies, including AVANTI RIJKEVORSEL and E.B.R. (EBEMA BETON RIJKEVORSEL)

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0445448348
5 directors appointed, 1 statutory auditor appointed, 1 resignation, 1 resignation Appointments: Ragla Consult Comm. Ven., Eugenius BV, Tyd BV, Focus Advies BV, Castlight BV and BDO Bedrijfsrevisoren Burg. C.V. (statutory auditor) · Resignations: Lumarin NV (managing director) and BDO Bedrijfsrevisoren Burg. C.V. (statutory auditor) · Permanent representative: Ludo Panis · General meeting of 19-06-2026 · Gazette deed
Resignation: DE LINDE BV (director) Appointment: Grobinvest BV (director) · General meeting of 20-06-2025 · Gazette deed
Merger: EBEMA GROUP takes over EBEDAL The company holds all the shares of EBEDAL · General meeting of 16-07-2024 · Gazette deed
All 77 events

Comparable companies

same main activity, similar in size and age
Company
Ebema Group Zutendaal €2.0m 10.7% 63.1% 7.1
KAIROS Antwerp €3.7m -69.6% 79.9% 7.6
NOWA Mechelen €5.6m -44.3% 37.4% 4.5
EIFFAGE REAL ESTATE BELGIUM Auderghem €5.2m 19.9% 59.5% 5.6
BURCO EUROPE Brussels €0.9m - 64.0% 3
ACASA GROUP Sint-Martens-Latem €5.4m -2.9% 47.1% 10.4
CIRIL Hasselt €22.0m -0.7% 51.0% 7.8
-10%0%10%20%€2m€20m€200m€2bnEbema GroupEBIT margin

Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as Ebema Group: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €24m and €57m, founded between 1978 and 2007.

Official details

Source: KBO
Status
Active since 14-10-1991Normal situation
Activity
Development of residential building projectsNACE 68121and 1 other
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.054.829.9843690 Zutendaal, since 05-11-1991
Financial year end
31 December
Peppol
Reachable since 21-10-2026
Company details

Annual accounts 2025

€28.0m▼ 1.1%
Employeeson 31-12-2025
7▼ 22.2%
Filing
Filed on 30-06-2026, 31 days before the end of the filing period
Financials

Companies linked to Ebema Group

Insights on Ebema Group

Ebema Group has existed since 1991. Turnover grew from €412,411 in 2006 to €2.0m in 2025.

Turnover has grown every year since 2022.

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 Ebema Group

What is the company number of Ebema Group?
The company number of Ebema Group is 0445.448.348. The VAT number is the same number with BE in front: BE 0445.448.348.
Where is Ebema Group based?
The registered office is at Dijkstraat 3, 3690 Zutendaal.Company details
What does Ebema Group do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of Ebema Group?
Ebema Group is a public limited company (NV).
When was Ebema Group founded?
Ebema Group was founded on 14-10-1991.
Is Ebema Group still active?
Yes, Ebema Group is an active enterprise in the KBO register.
How many employees does Ebema Group have?
Ebema Group had an average of 7.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Ebema Group fall under?
In its 2025 annual accounts, Ebema Group states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of Ebema Group?
The turnover of Ebema Group was €2.0m in financial year 2025, according to the filed annual accounts.
Is Ebema Group profitable?
In financial year 2025, Ebema Group made a profit of €158,267.
Where can I find the annual accounts of Ebema Group?
Ebema Group filed 59 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Ebema Group due?
Ebema Group must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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