Active BE 0896.774.995Private limited company (pre-2019)Open bankruptcy

E.M.A.S.C.

Puttestraat 20 ·2490 Balen, Belgium· 18 yrs active

Sector: NACE 25530 (25530)

Conclusion Checked

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.

Key figures

Equity	€68k
Net result	€-64k
Staff (FTE)	10.9
Better than sector	34%

Snowflake analysis 5 axes · computed by Checked

16 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 0

Solvency 47

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

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.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2020 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 20-08-2021 with the NBB · fiscal year 2020 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 25 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	4.4%	13.6%	better than 34% of 32 sector peers
Net result	€-65k	€6k	better than 10% of 32 sector peers
Equity	€68k	€43k	better than 58% of 32 sector peers
Total assets	€1.56M	€235k	better than 83% of 32 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

Highlight YoY changes (±10%)

Fiscal year	2020
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 ratio	0.97
Quick ratio	0.75
Working capital ratio	-3.1%
Solvency	4.4%
Debt / equity	0.32
Long-term debt ratio	0.32
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

Assets

Fixed assets €138k · 8.9% Current assets €1.42M · 91.1%

Equity & liabilities

Equity €68k · 4.4% Debt €1.49M · 95.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020
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're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	CHRISTOPHE GEUKENS LINDESTRAAT 2, 2490 BALEN- ↔ Also on 81 other cases	24-08-2021 → present	Belgian State Gazette

Legal Structure

NACE primary	25530
Legal form	Private limited company (pre-2019)(015)
Incorporation	25-03-2008
Status	Active
Postal code	2490
First BS signal	30-08-2021
Latest BS signal	30-08-2021

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

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).

Real-estate footprint Source: CBE × cadastre

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.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2021

30-08-2021

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · E.M.A.S.C. BVBA PUTTE- STRAAT 20, 2490 BALEN · event 24-08-2021

20-08-2021