E.M.C.
ActiveSummary
The computed 12-month bankruptcy probability of E.M.C. is 1.6% (moderate). The 2024 annual accounts show equity of €62,194 and a net result of €32,529. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 77% of 26043 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+19
Solvency91▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.93 against 2.84 in 2023; short-term debt: 34.1% and cash: 17.2% of total assets), and 34.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-11-2025, 99 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
99 d late
2023
36 d late
2022
25 d late
2021
58 d late
2020
87 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 67 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€62,194▼ 27.1%
2023 · €85,263
Total assets
€94,337▼ 28.2%
2023 · €131,436
Net result
€32,529▲ 41.0%
2023 · €23,069
Working capital
€61,994▼ 27.1%
2023 · €85,063
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€51,173€61,755▲ 20.7%€49,603▼ 19.7%€47,634▼ 4.0%€49,603▲ 4.1%
Net result€47,654above the sector's middle half€52,023above the sector's middle half▲ 9.2%€32,529above the sector's middle half▼ 37.5%€23,069above the sector's middle half▼ 29.1%€32,529above the sector's middle half▲ 41.0%
Equity-€22,358below the sector's middle half▲ 68.1%€29,665within the sector's middle half€62,194within the sector's middle half▲ 110%€85,263within the sector's middle half▲ 37.1%€62,194within the sector's middle half▼ 27.1%
Total assets€36,318below the sector's middle half▲ 59.6%€145,483within the sector's middle half▲ 301%€94,337within the sector's middle half▼ 35.2%€131,436within the sector's middle half▲ 39.3%€94,337within the sector's middle half▼ 28.2%
Debt€58,675▼ 36.7%€115,818▲ 97.4%€32,144▼ 72.2%€46,173▲ 43.6%€32,144▼ 30.4%
Working capital-€22,558below the sector's middle half▲ 67.9%€29,465within the sector's middle half€61,994within the sector's middle half▲ 110%€85,063above the sector's middle half▲ 37.2%€61,994within the sector's middle half▼ 27.1%
Solvency-61.6%below the sector's middle half▲ 246.2pp20.4%within the sector's middle half▲ 82.0pp65.9%above the sector's middle half▲ 45.5pp64.9%above the sector's middle half▼ 1.1pp65.9%above the sector's middle half▲ 1.1pp
Current ratio0.62below the sector's middle half▲ 0.371.25within the sector's middle half▲ 0.642.93above the sector's middle half▲ 1.672.84above the sector's middle half▼ 0.092.93above the sector's middle half▲ 0.09
Return on assets (ROA)131.2%above the sector's middle half▲ 412.0pp35.8%above the sector's middle half▼ 95.5pp34.5%above the sector's middle half▼ 1.3pp17.6%above the sector's middle half▼ 16.9pp34.5%above the sector's middle half▲ 16.9pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 4% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €94,337
Fixed assets
€200 =
Current assets
€94,137 ▼ 28.3%
Equity and liabilities €94,337
Equity
€62,194 ▼ 27.1%
Debt
€32,144 ▼ 30.4%
Debt's share of the balance-sheet total falls from 35.1% to 34.1%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.52▼
2023 · 0.54
ROE
52.3%▲
2023 · 27.1%
Debt ≤ 1 year
€32,144▼
2023 · €46,173
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €270 | - | - | - | - | - |
| Other operating charges640/8 | - | €348 | €348 | €384 | €348 | ▼ 9.6% |
| Non-recurring operating charges66A | - | €4,277 | €2,428 | €6,056 | €2,428 | ▼ 59.9% |
| Gross operating margin9900 | €53,245 | €66,380 | €52,378 | €54,074 | €52,378 | ▼ 3.1% |
| Operating profit (loss)9901 | €51,173 | €61,755 | €49,603 | €47,634 | €49,603 | ▲ 4.1% |
| Financial charges65/66B | - | €856 | €402 | €5,721 | €17,074 | ▲ 198% |
| Recurring financial charges65 | €3,519 | €856 | €402 | €5,721 | €402 | ▼ 93.0% |
| Non-recurring financial charges66B | - | - | - | - | €16,672 | - |
| Profit (loss) for the period before taxes9903 | €47,654 | €60,899 | €49,201 | €41,913 | €32,529 | ▼ 22.4% |
| Income taxes67/77 | - | €8,877 | €16,672 | €18,844 | - | - |
| Profit (loss) for the period9904 | €47,654 | €52,023 | €32,529 | €23,069 | €32,529 | ▲ 41.0% |
| Profit (loss) for the period to be appropriated9905 | €47,654 | €52,023 | €32,529 | €23,069 | €32,529 | ▲ 41.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,318 | €145,483 | €94,337 | €131,436 | €94,337 | ▼ 28.2% |
| Fixed assets21/28 | €200 | €200 | €200 | €200 | €200 | = |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €36,118 | €145,283 | €94,137 | €131,236 | €94,137 | ▼ 28.3% |
| Amounts receivable within one year40/41 | €32,885 | €134,807 | €77,768 | €85,381 | €77,768 | ▼ 8.9% |
| Trade receivables40 | - | €111,330 | €37,289 | €57,961 | €37,289 | ▼ 35.7% |
| Other amounts receivable41 | - | €23,477 | €40,479 | €27,420 | €40,479 | ▲ 47.6% |
| Cash at bank and in hand54/58 | €3,101 | €10,345 | €16,269 | €45,754 | €16,269 | ▼ 64.4% |
| Deferred charges and accrued income490/1 | - | €131 | €100 | €100 | €100 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,318 | €145,483 | €94,337 | €131,436 | €94,337 | ▼ 28.2% |
| Equity10/15 | -€22,358 | €29,665 | €62,194 | €85,263 | €62,194 | ▼ 27.1% |
| Contributions10/11 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€39,218 | €12,805 | €45,334 | €68,403 | €45,334 | ▼ 33.7% |
| Amounts payable17/49 | €58,675 | €115,818 | €32,144 | €46,173 | €32,144 | ▼ 30.4% |
| Amounts payable within one year42/48 | €58,675 | €115,818 | €32,144 | €46,173 | €32,144 | ▼ 30.4% |
| Financial debts43 | - | - | - | €3,308 | - | - |
| Credit institutions430/8 | - | - | - | €3,308 | - | - |
| Trade debts44 | €40,830 | €106,942 | €6,595 | €19,568 | €6,595 | ▼ 66.3% |
| Suppliers440/4 | - | €106,942 | €6,595 | €19,568 | €6,595 | ▼ 66.3% |
| Taxes, remuneration and social security45 | - | €8,877 | €25,549 | €23,296 | €25,549 | ▲ 9.7% |
| Taxes450/3 | - | €8,877 | €25,549 | €23,296 | €25,549 | ▲ 9.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,654 | €52,023 | €32,529 | €23,069 | €32,529 | ▲ 41.0% |
| + Depreciation and write-downs630 | €270 | - | - | - | - | - |
| Operating cash flow (approximation) | €47,925 | €52,023 | €32,529 | €23,069 | €32,529 | ▲ 41.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €7,244 | €5,924 | €29,485 | -€29,485 | ▼ 200% |
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
2026
03-08
State Gazette act
Registered officeRegistered-office move · Power of attorney4 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney4 facts ▸
- General meeting, 15-07-2026
- Registered-office move, Avenue Louise, 231 à 1050 BRUXELLES
- Power of attorney, J.Jordens srl
- Power of attorney, Serge Solau
2025
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 99 days late
2024
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.93
Current ratio from 1.25 to 2.93; short-term debt falls from €115,818 to €32,144.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial
Highest result since 2018net €52,023 ▲9.2%
Operating result €61,755, net result €52,023, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.25
Current ratio from 0.62 to 1.25.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Back to profitnet €47,654
Net result €47,654 after 2 loss-making years.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Weakest financial yearnet -€63,883
Net result drops to -€63,883, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2016
Ground area
5,672 m²
Building footprint
3,878 m²
Volume, LiDAR
86,391 m³
Parcel 21807G0131/00T000, Brussels · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.
567
companies at this address
See who is registered here
1 establishment unit
Louizalaan 231, 1050 Elsene
since 20162.259.711.802
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 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 2,440 companies in sector 47820 we hold annual accounts for 779. 579 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
Founded28-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47820Retail sale of motor vehicle parts and accessories
47120Other non-specialised retail sale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0666744247
Also
9925:BE0666744247
Registered
15-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.