Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
EMD from Ingelmunster, company number BE0478913348, closed financial year 2023 with a result of € 862 after tax. For that financial year EMD recorded a gross margin of € 220,115 and equity of € 135,390. Compared with financial year 2022, the result moved from € 10,493 to € 862. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 29, 2024.
€ 135,390
▲ 1% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 862
▼ 92% vs 2022
Profit after tax over the fiscal year.
€ 9,762
▲ 49% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 76,790.
People and assets in 2023
2.7
▲ 0.1 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 195,760
▲ 15% vs 2022
€ 72,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 976
▼ 60% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 799
▼ 92% vs 2022
Loans from banks and other lenders, long and short.
€ 62,352
▼ 70% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 150,893
▲ 24% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 265,499 | € 208,745 | € 220,115 | ▲ 5% |
| Profit after taxes | € 2,670 | € 10,493 | € 862 | ▼ 92% |
| Equity | € 124,035 | € 134,527 | € 135,390 | ▲ 1% |
| Total debts | € 526,537 | € 633,073 | € 477,918 | ▼ 25% |
| Cash | € 2,735 | € 6,538 | € 9,762 | ▲ 49% |
| Land & buildings | € 103,306 | € 97,398 | € 91,546 | ▼ 6% |
| Retained profit | € 65,435 | € 75,927 | € 76,790 | ▲ 1% |
| Bank debt | € 19,237 | € 10,418 | € 799 | ▼ 92% |
| Balance sheet total | € 650,572 | € 767,600 | € 613,308 | ▼ 20% |
| Employees (FTE) | - | 2.6 | 2.7 | ▲ 0.1 |
Key figures of EMD, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 30 April 2025.
What happened to EMD?
What happened at EMD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
EMD is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 862 (▼ 92% vs 2022). Source: NBB ↗
- Olivier Deschietere became a director. NBB
- New establishment in Ingelmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,670 profit in 2021 to € 862 profit in 2023.
Paid € 9,406 in corporate taxes since 2021.
Best year ever: 2022, with € 10,493 profit.
On average € 81,500 of value added per employee in 2023.
Management
Behind EMD is Olivier Deschietere. It owns 100% of EMD Elektro itself.
Directors
According to the 2023 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Rozestraat 2
8770 Ingelmunster
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.913.348
- VAT number
- BE 0478.913.348
- Registered office
- Rozestraat 2, 8770 Ingelmunster
- Names & denominations
- EMD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 3 December 2002
- Peppol
- Not registered
- Activities · NACE
Algemene elektrotechnische installatiewerken
Elektrische installatie
Schrijnwerk
Metaalschrijnwerk