E.M.A SYSTEM
ActiveE.M.A SYSTEM has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €26k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 27386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
89
/ 100
Excellent▲ +10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+54
Solvency69▼-12
Growth58▲+17
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.59 in 2024), and 62.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.4%
Return on assets
11.5%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
7 d early
2023
13 d early
2022
24 d late
2021
45 d early
2020
29 d early
2019
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€267k▲ 15.3%
2019 · €231k
2018: €291k
2019: €231k
2018 → 2020
EBIT margin
5.1%▲ 5.6pp
2019 · -0.5%
2018: 5.2%
2019: -0.5%
2018 → 2020
Net result
€26k▲ 314%
2024 · €6k
2018: €12k
2019: €-3k
2020: €12k
2021: €18k
2022: €-3k
2023: €28k
2024: €6k
2018 → 2025
Working capital
€58k▲ 23.0%
2024 · €47k
2018: €6k
2019: €12k
2020: €34k
2021: €23k
2022: €32k
2023: €51k
2024: €47k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€42k-€40k▼ 6.7%€68k▲ 71.2%€69k▲ 2.0%€85k▲ 23.6%
Operating result€27k-€99▼ 99.6%€42k▲ 42,312%€17k▼ 58.7%€40k▲ 130%
Net result€18k-€-3k€28k€6k▼ 77.4%€26k▲ 314%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 130% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €228k
Fixed assets
€43k▲ 73.7%
Current assets
€184k▲ 44.8%
Equity and liabilities €228k
Equity
€85k▲ 23.6%
Debt
€143k▲ 71.1%
The debt ratio rises from 54.7% to 62.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€49k▲
2024 · €25k
Cash flow
€36k▲
2024 · €14k
Solvency
37.4%▼
2024 · 45.3%
Current ratio
1.46▼
2024 · 1.59
Quick ratio
1.46▼
2024 · 1.59
Debt / equity
1.67▲
2024 · 1.21
ROE
30.8%▲
2024 · 9.2%
ROA
11.5%▲
2024 · 4.2%
Interest coverage
9.77▲
2024 · 3.52
Debt
€143k▲
2024 · €83k
Debt ≤ 1 year
€127k▲
2024 · €80k
Debt > 1 year
€16k▲
2024 · €3k
Income taxes
€9k▲
2024 · €4k
Staff costs
€53k▲
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€152k€228k▲
Fixed assets21/28€25k€43k▲
Intangible fixed assets21€3k€3k▼
Tangible fixed assets22/27€22k€41k▲
Land and buildings22€0-
Plant, machinery and equipment23€4k€5k▲
Furniture and vehicles24€18k€14k▼
Leasing and similar rights25-€21k
Financial fixed assets28€125€125=
Current assets29/58€127k€184k▲
Amounts receivable within one year40/41€51k€57k▲
Trade receivables40€47k€46k▼
Other amounts receivable41€5k€10k▲
Cash at bank and in hand54/58€76k€128k▲
Equity and liabilities
Total equity and liabilities10/49€152k€228k▲
Equity10/15€69k€85k▲
Contributions10/11€6k€6k=
Reserves13€58k€79k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€41k€41k=
Distributable reserves133€15k€36k▲
Profit (loss) carried forward14€5k-
Amounts payable17/49€83k€143k▲
Amounts payable after more than one year17€3k€16k▲
Financial debts170/4€3k€16k▲
Amounts payable within one year42/48€80k€127k▲
Current portion of amounts payable after more than one year42€9k€8k▼
Trade debts44€55k€90k▲
Suppliers440/4€55k€90k▲
Taxes, remuneration and social security45€11k€18k▲
Taxes450/3€3k€9k▲
Remuneration and social security454/9€7k€9k▲
Other amounts payable47/48€5k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€39k€53k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€10k€6k▼
Non-recurring operating charges66A€243€193▼
Gross operating margin9900€74k€108k▲
Operating profit (loss)9901€17k€40k▲
Financial income75/76B€173€26▼
Recurring financial income75€173€26▼
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€10k€35k▲
Income taxes67/77€4k€9k▲
Profit (loss) for the period9904€6k€26k▲
Profit (loss) for the period to be appropriated9905€6k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€31k▲
Profit (loss) brought forward from the previous period14P€18k€5k▼
Transfer to equity691/2€15k€21k▲
To other reserves6921€15k€21k▲
Profit to be distributed694/7€5k€10k▲
Return on contributions (dividend)694€5k€10k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-3k ▼124%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Rochefort · 1 establishment unit since 2003
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.
Rue Pêcheron,Eprave 1605580 RochefortGround area
1.3 ha
Building footprint
859 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
E.M.A SYSTEM
since 20032.149.961.646
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91040A1658/00E000 | Wallonia | 9,565 m² | 1 · 258 m² | - |
| 91114D0004/00T000 | Wallonia | 3,428 m² | 1 · 601 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Lander Brouckaert
BE 0736.648.187
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Dotronix
BE 0832.698.577
Mol · Eq €85k
LEOCATA CARMELO
BE 0896.266.835
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TORTECHNIK HEEREN
BE 0767.451.330
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DAVE SECURITY
BE 0820.305.046
Tielt · Eq €85k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,271. 8,768 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-04-2003
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.