E.M. CONSTRUCT

Active

Private limited companyfounded 2011active for 15 yearsRue Christophe 48, 4040 Herstal, BelgiumKBO/BCE: BE 0836.463.662

Summary

E.M. CONSTRUCT has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,563 and a net result of €19,950. Equity is shrinking by about 32% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 19% of 9,316 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow Report Compare

E.M. CONSTRUCTActiveChecked score 82/100

Risk analysis Report Compare

Activity

General construction of residential buildings

NACE 41001Bricklaying and masonry work NACE 43910

1 site

Size

€61,863total assets 2025

Staff: 4.5 FTE
Equity: €6,563
Profit: €19,950

Financial health

82 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.6%

Structure

2025 accounts 3 days early2 of 7 deeds summarised

Why 82raises riskSector: Construction of residential and non-residential buildings (NACE 41)Equity €6,563 (10.6% of total assets)lowers riskFounded in 2011Size: total assets €61,863Show the evidence

Checked score

Score 2025

82 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 53% of its sector peers (NACE 41, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 36+36

equity 10.6% of total assets

Liquidity 28+2

short-term debt 77.5% · cash 16.3%

Profitability 94+23

return on assets 32.2%

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,437 companies, NACE 41, micro)

Last 24 months 11-2024: 0.7%highest value 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.6%▼ -0.1 percentage points vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026 08-2026: 0.6%▼ -0.1 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026lowest value 10-2026: 0.6%● unchanged vs 09-2026

Credit of up to €500 on 30-day terms is acceptable

Liquidity tight (current ratio 1.09, compared with 0.51 in 2024, below the usual 1.5; short-term debt: 77.5% and cash: 16.3% of total assets), and 89.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 19% on solvency, 23% on liquidity, 78% on profitability and 92% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Sector: Construction of residential and non-residential buildings (NACE 41)

KBO

Founded in 2011

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Equity €6,563 (10.6% of total assets)

NBB · annual accounts

Size: total assets €61,863

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9316 sector peers (2025).

NBB · sector comparison

Position among 9316 sector peers

Solvency

better than 19%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

3 days early

2024

71 days early

2023

14 days late

2022

4 days late

2021

23 days late

2020

25 days late

2019

31 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

28-07-2026 Annual accounts filedfinancial year 2025 · micro…
31-12-2025 Highest result from 2018 to 2025net €19,950 ▲191%
31-12-2025 Liquidity more than doubledcurrent ratio 1.09

Key points

Caution: Among the weakest 18% on equitysector median €45,649 · 9,319 companies €6,563 View
Board3 directors in office 3 View
Total assets 20256 financial years filed €61,863 View

By topic

Financials

Financial year: 2025
Total assets: €61,863
Profit: €19,950
Solvency: 10.6%

Go to Financials

Board & ownership

Board: 3 members

CARELLA CalogeroDirector
DEMIR MustafaDirector
HEINTJENS ChristopheDirector

Go to Board & ownership

Timeline

Events: 24
Since: 2012
Next accounts: by 31-07-2027

21-05-2025Annual accounts filed
14-08-2024Annual accounts filed
14-02-2024Resignation: CarellaCalogero (director)

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: General construction of residential buildingsNACE 41001
Founded: 23-05-2011
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 25

Annual meeting: Last Friday of June at 18:00
Purpose: “Les activités d’une entreprise générale de construction de bâtiments et travaux de…” (deed in French)

Go to Articles of association

Key facts about E.M. CONSTRUCT

What is the company number of E.M. CONSTRUCT?: 0836.463.662. In Belgium the VAT number is the company number with BE in front: BE 0836.463.662.
Where is E.M. CONSTRUCT based?: The registered office is at Rue Christophe 48, 4040 Herstal.Company details
What does E.M. CONSTRUCT do?: According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of E.M. CONSTRUCT?: Private limited company (BV).
When was E.M. CONSTRUCT founded?: On 23-05-2011.
Is E.M. CONSTRUCT still active?: Yes, E.M. CONSTRUCT is an active enterprise in the KBO register.
How many employees does E.M. CONSTRUCT have?: On average 4.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of E.M. CONSTRUCT?: €233,541 in financial year 2019, according to the filed annual accounts.
Is E.M. CONSTRUCT profitable?: In financial year 2025, E.M. CONSTRUCT made a profit of €19,950.
Where can I find the annual accounts of E.M. CONSTRUCT?: E.M. CONSTRUCT filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of E.M. CONSTRUCT due?: By 31-07-2027, for financial year 2026.Timeline

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Overview