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 29 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EMICHLEO from Gavere, company number BE0786655449, closed financial year 2025 with a result of € 158,719 after tax. For that financial year EMICHLEO recorded a gross margin of € 273,202 and equity of € 139,817. Compared with financial year 2024, the result moved from € 924 to € 158,719. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 139,817
▼ 39% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 158,719
▲ € 157,795 vs 2024
Profit after tax over the fiscal year.
€ 26,487
▼ 67% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 250,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 20,793
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 799,429
▼ 3% vs 2024
€ 32,983 is repaid this year. At this pace the long-term loan is gone in ≈ 24 years.
€ 6,421
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,796
▼ 64% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 132,030 | € 186,705 | € 231,674 | € 273,202 | ▲ 18% |
| Profit after taxes | € 95,019 | € 130,155 | € 924 | € 158,719 | ▲ € 157,795 |
| Equity | € 100,019 | € 230,174 | € 231,098 | € 139,817 | ▼ 39% |
| Total debts | € 96,994 | € 123,334 | € 894,033 | € 979,194 | ▲ 10% |
| Cash | € 40,754 | € 86,568 | € 79,466 | € 26,487 | ▼ 67% |
| Land & buildings | - | - | € 870,904 | € 868,007 | |
| Retained profit | € 95,019 | € 225,174 | € 226,098 | € 134,817 | ▼ 40% |
| Dividend | € 0 | € 0 | € 0 | € 250,000 | |
| Bank debt | € 51,122 | € 36,908 | € 827,022 | € 799,429 | ▼ 3% |
| Balance sheet total | € 197,014 | € 353,508 | € 1,125,131 | € 1,119,011 | ▼ 1% |
Key figures of EMICHLEO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to EMICHLEO?
What happened at EMICHLEO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 158,719 (▲ € 157,795 vs 2024). Source: NBB ↗
- New establishment in Gavere. KBO
- Start of the company according to the CBE. KBO
- Henk Cottenie became a director. NBB
In short
From € 95,019 profit in 2022 to € 158,719 profit in 2025.
Paid € 124,473 in corporate taxes since 2022.
Best year ever: 2025, with € 158,719 profit.
Paid out € 250,000 in dividends to the owners in total.
Management
Behind EMICHLEO is Henk Cottenie. Henk Cottenie is also behind ELEMENT.
Directors
According to the 2025 annual accounts
since 2022
Establishments
Establishment units
Physical locations of this company
Stokmeers 6
9890 Gavere
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0786.655.449
- VAT number
- BE 0786.655.449
- Registered office
- Stokmeers 6, 9890 Gavere
- Names & denominations
- EMICHLEO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 May 2022
- Peppol
- Active · Active since 24 Jun 2025
- Activities · NACE
Activiteiten van hoofdkantoren
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Overige zakelijke dienstverlening, neg