E.M.C.
ActiveSummary
E.M.C. has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€91,657) and a net result of €2,355. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability92▼-8
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.12 in 2023; short-term debt: 827.2% and cash: 47.7% of total assets), and equity is negative.
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Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-727.2%
Return on assets
18.7%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 37948 sector peers (2024).
NBB · sector comparisonPosition among 37948 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
51 d early
2022
40 d early
2021
27 d early
2020
9 d late
2019
25 d early
← 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 27 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€91,657▲ 2.5%
2023 · -€94,012
Total assets
€12,604▼ 11.6%
2023 · €14,258
Net result
€2,355▼ 52.3%
2023 · €4,933
Working capital
-€92,620▲ 3.1%
2023 · -€95,619
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€4,628▼ 36.2%€9,801€4,239▼ 56.8%€5,427▲ 28.0%€1,592▼ 70.7%
Net result-€5,186below the sector's middle half▼ 33.1%€9,367within the sector's middle half€3,574within the sector's middle half▼ 61.8%€4,933within the sector's middle half▲ 38.0%€2,355below the sector's middle half▼ 52.3%
Equity-€111,886below the sector's middle half▼ 4.9%-€102,519below the sector's middle half▲ 8.4%-€98,945below the sector's middle half▲ 3.5%-€94,012below the sector's middle half▲ 5.0%-€91,657below the sector's middle half▲ 2.5%
Total assets€18,186below the sector's middle half▲ 42.3%€21,111below the sector's middle half▲ 16.1%€14,941below the sector's middle half▼ 29.2%€14,258below the sector's middle half▼ 4.6%€12,604below the sector's middle half▼ 11.6%
Debt€130,071▲ 8.9%€123,630▼ 5.0%€113,885▼ 7.9%€108,270▼ 4.9%€104,262▼ 3.7%
Working capital-€116,515▼ 6.8%-€107,689▲ 7.6%-€102,083▲ 5.2%-€95,619▲ 6.3%-€92,620▲ 3.1%
Solvency-615.2%below the sector's middle half▲ 219.9pp-485.6%below the sector's middle half▲ 129.6pp-662.3%below the sector's middle half▼ 176.6pp-659.3%below the sector's middle half▲ 2.9pp-727.2%below the sector's middle half▼ 67.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 falls in 2024; 2024 is 71% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12,604
Fixed assets
€963 ▼ 40.1%
Current assets
€11,641 ▼ 8.0%
Key figures and ratios
EBITDA
€2,236▼
2023 · €6,958
Cash flow
€2,999▼
2023 · €6,464
Current ratio
0.11▼
2023 · 0.12
Quick ratio
0.08▼
2023 · 0.08
Debt to equity
-1.14▲
2023 · -1.15
ROA
18.7%▼
2023 · 34.6%
Interest coverage
10.82▼
2023 · 17.08
Debt ≤ 1 year
€104,262▼
2023 · €108,270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,640 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 | €1,904 | €2,681 | €2,031 | €1,531 | €644 | ▼ 57.9% |
| Other operating charges640/8 | - | €855 | €941 | €353 | €449 | ▲ 27.1% |
| Gross operating margin9900 | -€1,875 | €13,337 | €7,210 | €7,312 | €2,685 | ▼ 63.3% |
| Operating profit (loss)9901 | -€4,628 | €9,801 | €4,239 | €5,427 | €1,592 | ▼ 70.7% |
| Financial income75/76B | - | - | €0 | €1 | €970 | ▲ 106,449% |
| Recurring financial income75 | €1 | - | €0 | €1 | €970 | ▲ 106,449% |
| Financial charges65/66B | - | €434 | €415 | €407 | €207 | ▼ 49.3% |
| Recurring financial charges65 | €385 | €434 | €415 | €407 | €207 | ▼ 49.3% |
| Profit (loss) for the period before taxes9903 | -€5,013 | €9,367 | €3,824 | €5,020 | €2,355 | ▼ 53.1% |
| Income taxes67/77 | €173 | - | €250 | €88 | - | - |
| Profit (loss) for the period9904 | -€5,186 | €9,367 | €3,574 | €4,933 | €2,355 | ▼ 52.3% |
| Profit (loss) for the period to be appropriated9905 | -€5,186 | €9,367 | €3,574 | €4,933 | €2,355 | ▼ 52.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,186 | €21,111 | €14,941 | €14,258 | €12,604 | ▼ 11.6% |
| Fixed assets21/28 | €4,629 | €5,170 | €3,139 | €1,607 | €963 | ▼ 40.1% |
| Tangible fixed assets22/27 | €4,629 | €5,170 | €3,139 | €1,607 | €963 | ▼ 40.1% |
| Plant, machinery and equipment23 | - | €1,306 | €415 | - | - | - |
| Furniture and vehicles24 | - | €3,864 | €2,724 | €1,607 | €963 | ▼ 40.1% |
| Current assets29/58 | €13,557 | €15,941 | €11,802 | €12,651 | €11,641 | ▼ 8.0% |
| Stocks and contracts in progress3 | €3,500 | €3,500 | €4,000 | €4,000 | €3,500 | ▼ 12.5% |
| Stocks30/36 | - | €3,500 | €4,000 | €4,000 | €3,500 | ▼ 12.5% |
| Amounts receivable within one year40/41 | €2,609 | €7,051 | €826 | €1,903 | €1,976 | ▲ 3.8% |
| Trade receivables40 | - | €7,051 | €826 | €1,710 | €1,783 | ▲ 4.3% |
| Other amounts receivable41 | - | - | - | €193 | €192 | ▼ 0.4% |
| Cash at bank and in hand54/58 | €7,448 | €5,390 | €6,833 | €6,501 | €6,017 | ▼ 7.4% |
| Deferred charges and accrued income490/1 | - | - | €143 | €247 | €149 | ▼ 39.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,186 | €21,111 | €14,941 | €14,258 | €12,604 | ▼ 11.6% |
| Equity10/15 | -€111,886 | -€102,519 | -€98,945 | -€94,012 | -€91,657 | ▲ 2.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €4,447 | €4,447 | €4,447 | €4,447 | €4,447 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €2,587 | €2,587 | €4,447 | €4,447 | = |
| Profit (loss) carried forward14 | -€134,932 | -€125,566 | -€121,991 | -€117,058 | -€114,704 | ▲ 2.0% |
| Amounts payable17/49 | €130,071 | €123,630 | €113,885 | €108,270 | €104,262 | ▼ 3.7% |
| Amounts payable within one year42/48 | €130,071 | €123,630 | €113,885 | €108,270 | €104,262 | ▼ 3.7% |
| Trade debts44 | €2,791 | €1,021 | €2,149 | €1,496 | €1,469 | ▼ 1.8% |
| Suppliers440/4 | - | €1,021 | €2,149 | €1,496 | €1,469 | ▼ 1.8% |
| Taxes, remuneration and social security45 | - | €1,484 | €1,356 | €1,307 | - | - |
| Taxes450/3 | - | €1,484 | €1,356 | €1,307 | - | - |
| Other amounts payable47/48 | - | €121,124 | €110,380 | €105,468 | €102,792 | ▼ 2.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,186 | €9,367 | €3,574 | €4,933 | €2,355 | ▼ 52.3% |
| + Depreciation and write-downs630 | €1,904 | €2,681 | €2,031 | €1,531 | €644 | ▼ 57.9% |
| Operating cash flow (approximation) | -€3,281 | €12,048 | €5,605 | €6,464 | €2,999 | ▼ 53.6% |
| Investment in fixed assets (approximation) | - | -€3,221 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,058 | €1,443 | -€332 | -€484 | ▼ 45.6% |
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
14-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Registered-office move, Heidekruidstraat 21, 8420 De Haan
- Board meeting, 10-08-2026
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €9,367
Net result €9,367 after 3 loss-making years.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, De Haan · 2 establishment units since 2008
Ground area
1.4 ha
Building footprint
1,590 m²
Volume, LiDAR
534 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
E.M.C.
since 20082.172.081.111
Burenberg 1, 3000 Leuven
since 20262.392.358.312
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24504E0536/00N002 | Flanders | 1.4 ha | 1 · 1,502 m² | - |
| 35007D0261/00K000 | Flanders | 419 m² | 1 · 88 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899249980
Also
9925:BE0899249980
Registered
20-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.