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E.M.A.S.C.

Active
Private limited company (pre-2019)·Verspanend bewerken van metalen· 18 yrs active
Puttestraat 20 ·2490 Balen, Belgium
Open bankruptcy
KBO/BCE: BE 0896.774.995
Watch Print / PDF
Age18 yrs
Staff (FTE)10.9
Real estate1 parcel · 3.5 ha

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for E.M.A.S.C. according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €68k and a net result of €-64k.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 events
30-08-2021
Bankruptcy Opening
Date: 24-08-2021 · Ondernemingsrechtbank Antwerpen, afdeling Turnhout · E.M.A.S.C. BVBA PUTTE- STRAAT 20, 2490 BALEN · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2020) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 20-08-2021, 20 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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2020, that is 31-07-2021.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 nothing on record not filed -
31-12-2020 31-07-2021 20-08-2021 20 d late 2021-50900505
31-12-2019 31-07-2020 14-07-2020 17 d early 2020-29700137
31-12-2018 31-07-2019 25-06-2019 36 d early 2019-22700496
31-12-2017 31-07-2018 25-07-2018 6 d early 2018-37500290
31-12-2016 31-07-2017 26-07-2017 5 d early 2017-35700087
31-12-2015 31-07-2016 27-07-2016 4 d early 2016-35800491
31-12-2014 31-07-2015 23-10-2015 84 d late 2015-65400226

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-64k-300.0%
Working capital€-49k-217.7%
Directors1

Annual accounts & ratios

Source: NBB · 2020
Annual accounts filed on 20-08-2021 with the NBB · fiscal year 2020 · verkort
€-80k€-60k€-40k€-20k€0Operating result 2018: €-9k€-9kNet result 2018: €-16k€-16kOperating result 2020: €-21k€-21kNet result 2020: €-64k€-64k20182020
Operating resultNet result
Sector comparison
Fiscal year 2020 · NACE 25 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 4.4% 30.8%
better than 16% of 83 sector peers
Net result €-65k €22k
better than 12% of 83 sector peers
Equity €68k €394k
better than 23% of 83 sector peers
Gross operating margin €529k €497k
better than 56% of 83 sector peers
Employees (FTE) 10.9 10.3
better than 53% of 62 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€37k
-24.6% 18-20
Net profit
€-64k
-300.0% 18-20
Cash flow
€-5k
- 18-20
Total assets
€1.56M
+31.9% 18-20
Equity
€68k
-43.0% 18-20
Working capital
€-49k
-217.7% 18-20
Employees (FTE)
11
-12.8% 18-20
Income taxes
€866
-79.9% 18-20
Debt
€1.49M
+40.4% 18-20
Debt ≤ 1y
€1.47M
+38.3% 18-20
Debt > 1y
€22k
- 18-20
Current ratio
0.97
-1.9% 18-20
Quick ratio
0.75
-10.6% 18-20
Solvency
4.4%
-56.8% 18-20
Debt / equity
0.32
- 18-20
ROE
-93.7%
-602.3% 18-20
ROA
-4.1%
-203.2% 18-20
Figures by fiscal year
Fiscal year2020
Depositverkort
Revenue-
EBITDA€37k
Net profit€-64k
Cash flow€-5k
Staff costs-
Income taxes€866
Dividends-
Total assets€1.56M
Equity€68k
Debt€1.49M
of which ≤ 1y€1.47M
of which > 1y€22k
Working capital€-49k
Employees (FTE)10.9
Ratios (computed)
2020
Current ratio0.97
Quick ratio0.75
Working capital ratio-3.1%
Solvency4.4%
Debt / equity0.32
Long-term debt ratio0.32
Interest coverage-
Gross margin-
Net margin-
ROA-4.1%
ROE-93.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€1.56M
Fixed assets 21/28€138k
Intangible fixed assets 21€6k
Tangible fixed assets 22/27€99k
Financial fixed assets 28€33k
Current assets 29/58€1.42M
Stocks & contracts in progress 3€314k
Amounts receivable within one year 40/41€345k
Cash & bank 54/58€238k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.56M
Equity 10/15€68k
Reserves 13€113k
Accumulated profits (losses) 14€-64k
Amounts payable 17/49€1.49M
Amounts payable after one year 17€22k
Amounts payable within one year 42/48€1.47M
Trade debts payable within one year 44€380k
Income statement
Gross operating margin 9900€529k
Operating result 9901€-21k
Financial income 75€27
Financial charges 65€43k
Result before taxes 9903€-64k
Income taxes 67/77€866
Net result for the period 9904€-65k
Result to be appropriated 9905€-65k
You are seeing the latest fiscal year only. 1 prior year (figures + ratios) is in a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2020 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

1 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator CHRISTOPHE GEUKENS
LINDESTRAAT 2, 2490 BALEN-
 24-08-2021 → present Belgian State Gazette

Legal Structure

NACE primary Verspanend bewerken van metalen(25530)
Legal form Private limited company (pre-2019)(015)
Incorporation25-03-2008
StatusActive
Postal code2490
First BS signal 30-08-2021
Latest BS signal 30-08-2021

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Puttestraat 202490 Balen

Establishment units

1 location
E.M.A.S.C.
Puttestraat 20, 2490 BalenOnderhouds- en herstellingswerken van mechanische aard voor rekening van derden
since 20082.171.213.257
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3.5 ha
Buildings1
Building footprint1.6 ha
Volume (LiDAR)133,887 m³
Tallest building10.6 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13003E0549/00H000 Flanders 3.5 ha 1 · 1.6 ha 10.6 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
30-08-2021
Bankruptcy Opening
Date: 24-08-2021 · Ondernemingsrechtbank Antwerpen, afdeling Turnhout · E.M.A.S.C. BVBA PUTTE- STRAAT 20, 2490 BALEN · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262021-08-30 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability0Solvency47Growth32Stability0
16 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 47
Growth 32
Stability 0

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 304 of the 3,464 companies in this sector. 251 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Verspanend bewerken van metalen25530Verspanend bewerken van metalen25620
Primary activity highlighted.
Names & trade names
Legal nameNL E.M.A.S.C.
Registered office
Puttestraat 20
2490 Balen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.