EPIMAD
ActiveSummary
EPIMAD has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €65k and a net result of €45k. Equity is growing by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 49% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+7
Solvency87▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 2.97 in 2023; short-term debt: 38.1% and cash: 29.2% of total assets), and 38.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
7 d late
2023
58 d late
2022
18 d late
2021
39 d early
2020
26 d late
2019
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€65k▼ 12.6%
2023 · €74k
2019: €8klowest in 6 years
2020: €17k▲ +107% vs 2019
2021: €34k▲ +101% vs 2020
2022: €53k▲ +57.5% vs 2021
2023: €74k▲ +38.5% vs 2022highest in 6 years
2024: €65k▼ -12.6% vs 2023
2019 → 2024
Total assets
€104k▼ 2.5%
2023 · €107k
2019: €47k
2020: €56k▲ +17.2% vs 2019
2021: €45k▼ -18.7% vs 2020lowest in 6 years
2022: €95k▲ +109% vs 2021
2023: €107k▲ +13.0% vs 2022highest in 6 years
2024: €104k▼ -2.5% vs 2023
2019 → 2024
Net result
€45k▲ 120%
2023 · €21k
2019: €2klowest in 6 years
2020: €9k▲ +343% vs 2019
2021: €17k▲ +95.4% vs 2020
2022: €20k▲ +14.6% vs 2021
2023: €21k▲ +5.4% vs 2022
2024: €45k▲ +120% vs 2023highest in 6 years
2019 → 2024
Working capital
€50k▼ 23.8%
2023 · €65k
2019: €-7klowest in 6 years
2020: €-989▲ +85.6% vs 2019
2021: €22k▲ +2365% vs 2020
2022: €39k▲ +72.4% vs 2021
2023: €65k▲ +69.2% vs 2022highest in 6 years
2024: €50k▼ -23.8% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€17k-€34k▲ 101%€53k▲ 57.5%€74k▲ 38.5%€65k▼ 12.6%
2020: €17klowest in 5 years
2021: €34k▲ +101% vs 2020
2022: €53k▲ +57.5% vs 2021
2023: €74k▲ +38.5% vs 2022highest in 5 years
2024: €65k▼ -12.6% vs 2023
Operating result€15k-€26k▲ 76.4%€29k▲ 15.0%€29k▼ 1.4%€59k▲ 102%
2020: €15klowest in 5 years
2021: €26k▲ +76.4% vs 2020
2022: €29k▲ +15.0% vs 2021
2023: €29k▼ -1.4% vs 2022
2024: €59k▲ +102% vs 2023highest in 5 years
Net result€9k-€17k▲ 95.4%€20k▲ 14.6%€21k▲ 5.4%€45k▲ 120%
2020: €9klowest in 5 years
2021: €17k▲ +95.4% vs 2020
2022: €20k▲ +14.6% vs 2021
2023: €21k▲ +5.4% vs 2022
2024: €45k▲ +120% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 102% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €104k
Fixed assets
€15k ▲ 72.6%
Current assets
€90k ▼ 9.1%
Equity and liabilities €104k
Equity
€65k ▼ 12.6%
Debt
€40k ▲ 19.9%
Debt's share of the balance-sheet total rises from 31.0% to 38.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€67k▲
2023 · €42k
Cash flow
€53k▲
2023 · €34k
Current ratio
2.25▼
2023 · 2.97
Debt to equity
0.62▲
2023 · 0.45
ROE
70.0%▲
2023 · 27.8%
ROA
43.4%▲
2023 · 19.2%
Interest coverage
31.74▲
2023 · 19.50
Debt ≤ 1 year
€40k▲
2023 · €33k
Income taxes
€14k▲
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€107k€104k▼
Fixed assets21/28€9k€15k▲
Tangible fixed assets22/27€9k€15k▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€5k€12k▲
Current assets29/58€98k€90k▼
Amounts receivable within one year40/41€77k€56k▼
Trade receivables40€37k€8k▼
Other amounts receivable41€40k€48k▲
Cash at bank and in hand54/58€18k€30k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€107k€104k▼
Equity10/15€74k€65k▼
Contributions10/11€6k€19k▲
Reserves13€68k€46k▼
Distributable reserves133€68k€46k▼
Amounts payable17/49€33k€40k▲
Amounts payable within one year42/48€33k€40k▲
Current portion of amounts payable after more than one year42€4k-
Trade debts44€5k€16k▲
Suppliers440/4€5k€16k▲
Taxes, remuneration and social security45€24k€23k▼
Taxes450/3€24k€23k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€8k▼
Other operating charges640/8€19k€2k▼
Gross operating margin9900€62k€68k▲
Operating profit (loss)9901€29k€59k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€29k€59k▲
Income taxes67/77€8k€14k▲
Profit (loss) for the period9904€21k€45k▲
Profit (loss) for the period to be appropriated9905€21k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€45k▲
Transfer from equity791/2-€67k
Transfer to equity691/2€21k€45k▲
To other reserves6921€21k€45k▲
Profit to be distributed694/7-€67k
Return on contributions (dividend)694-€67k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €10k | €13k | €8k | ▼ 41.0% |
| Other operating charges640/8 | - | €1k | €2k | €19k | €2k | ▼ 91.9% |
| Gross operating margin9900 | €22k | €33k | €41k | €62k | €68k | ▲ 10.6% |
| Operating profit (loss)9901 | €15k | €26k | €29k | €29k | €59k | ▲ 102% |
| Financial income75/76B | - | €93 | €750 | €2k | €2k | ▲ 33.2% |
| Recurring financial income75 | €0 | €93 | €750 | €2k | €2k | ▲ 33.2% |
| Financial charges65/66B | - | €2k | €3k | €2k | €2k | ▼ 3.4% |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | €2k | ▼ 3.4% |
| Non-recurring financial charges66B | - | - | €353 | - | - | - |
| Profit (loss) for the period before taxes9903 | €12k | €23k | €27k | €29k | €59k | ▲ 106% |
| Income taxes67/77 | €4k | €6k | €8k | €8k | €14k | ▲ 69.7% |
| Profit (loss) for the period9904 | €9k | €17k | €20k | €21k | €45k | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €9k | €17k | €20k | €21k | €45k | ▲ 120% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56k | €45k | €95k | €107k | €104k | ▼ 2.5% |
| Fixed assets21/28 | €18k | €11k | €19k | €9k | €15k | ▲ 72.6% |
| Intangible fixed assets21 | €10k | €7k | €3k | - | - | - |
| Tangible fixed assets22/27 | €8k | €5k | €16k | €9k | €15k | ▲ 72.6% |
| Plant, machinery and equipment23 | - | - | €1k | €4k | €3k | ▼ 24.1% |
| Furniture and vehicles24 | - | €5k | €15k | €5k | €12k | ▲ 143% |
| Current assets29/58 | €38k | €34k | €76k | €98k | €90k | ▼ 9.1% |
| Amounts receivable within one year40/41 | €12k | €15k | €46k | €77k | €56k | ▼ 28.1% |
| Trade receivables40 | - | €12k | €21k | €37k | €8k | ▼ 78.7% |
| Other amounts receivable41 | - | €3k | €25k | €40k | €48k | ▲ 18.6% |
| Cash at bank and in hand54/58 | €15k | €18k | €25k | €18k | €30k | ▲ 66.4% |
| Deferred charges and accrued income490/1 | - | €1k | €4k | €3k | €3k | ▲ 23.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56k | €45k | €95k | €107k | €104k | ▼ 2.5% |
| Equity10/15 | €17k | €34k | €53k | €74k | €65k | ▼ 12.6% |
| Contributions10/11 | - | €6k | €6k | €6k | €19k | ▲ 200% |
| Reserves13 | €11k | €28k | €47k | €68k | €46k | ▼ 32.0% |
| Non-distributable reserves130/1 | - | €98 | €98 | - | - | - |
| Reserves not available under the articles1311 | - | €98 | €98 | - | - | - |
| Distributable reserves133 | - | €28k | €47k | €68k | €46k | ▼ 32.0% |
| Amounts payable17/49 | €39k | €11k | €41k | €33k | €40k | ▲ 19.9% |
| Amounts payable after more than one year17 | - | - | €4k | - | - | - |
| Financial debts170/4 | - | - | €4k | - | - | - |
| Amounts payable within one year42/48 | €39k | €11k | €37k | €33k | €40k | ▲ 19.9% |
| Current portion of amounts payable after more than one year42 | - | - | €8k | €4k | - | - |
| Trade debts44 | €12k | €2k | €13k | €5k | €16k | ▲ 212% |
| Suppliers440/4 | - | €2k | €13k | €5k | €16k | ▲ 212% |
| Taxes, remuneration and social security45 | - | €10k | €16k | €24k | €23k | ▼ 1.2% |
| Taxes450/3 | - | €10k | €16k | €24k | €23k | ▼ 1.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €17k | €20k | €21k | €45k | ▲ 120% |
| + Depreciation and write-downs630 | €6k | €6k | €10k | €13k | €8k | ▼ 41.0% |
| Operating cash flow (approximation) | €14k | €23k | €29k | €34k | €53k | ▲ 56.7% |
| Investment in fixed assets (approximation) | - | €0 | €-17k | €-3k | €-14k | ▼ 373% |
| Change in cash | - | €3k | €8k | €-7k | €12k | ▲ 271% |
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
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
31-12
Financial
Highest result since 2019net €45k ▲120%
Operating result €59k, net result €45k, both a record.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 2.97
Current ratio from 0.97 to 2.97; short-term debt falls from €39k to €11k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Destelbergen · 1 establishment unit since 2018
Ground area
1,323 m²
Building footprint
139 m²
Volume, LiDAR
650 m³
Parcel 44028B0104/00E000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Epimad
since 20182.302.459.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44028B0104/00E000 | Flanders | 1,323 m² | 1 · 139 m² | 9.5 m · 2 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.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,510 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
Founded28-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.