E.M.G. CONSTRUCT
ActiveSummary
E.M.G. CONSTRUCT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €518,945 and a net result of -€235,705. Equity is growing by ~43.9% per year across the filed fiscal years. Its solvency ranks better than 64% of 9974 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency81▲+11
Growth48▼-37
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.63 against 1.89 in 2023; short-term debt: 24.1% and cash: 26.2% of total assets), and 44.3% of the assets are financed with debt.
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Signals
Five 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
55.7%
Return on assets
-25.3%
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
70 d late
2022
92 d late
2021
75 d late
2020
90 d late
2019
122 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 87 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, micro schema
In the rankings
#3 company by total assets in Philippeville, Construction sector#3 company by equity in Philippeville, Construction sector#8 oldest company in Philippeville, Construction sector
Turnover
€478,233▼ 86.5%
2023 · €3.5m
EBIT margin
-43.6%▼ 64.7pp
2023 · 21.0%
Net result
-€235,705
2023 · €545,573
Working capital
€365,014▼ 41.0%
2023 · €618,271
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€461,915▼ 15.4%€742,885▲ 60.8%€2.1m▲ 184%€3.5m▲ 68.4%€478,233▼ 86.5%
Operating result-€19,581€46,829€80,981▲ 72.9%€745,898▲ 821%-€208,671
Net result-€30,395€44,612€70,240▲ 57.4%€545,573▲ 677%-€235,705
EBIT margin-4.2%▼ 7.5pp6.3%▲ 10.5pp3.8%▼ 2.5pp21.0%▲ 17.2pp-43.6%▼ 64.7pp
Equity€94,226▼ 24.4%€138,837▲ 47.3%€209,078▲ 50.6%€754,650▲ 261%€518,945▼ 31.2%
Total assets€236,072▼ 8.0%€272,917▲ 15.6%€1.0m▲ 278%€1.7m▲ 60.7%€931,058▼ 43.9%
Debt€141,846▲ 7.4%€134,079▼ 5.5%€823,280▲ 514%€904,490▲ 9.9%€412,112▼ 54.4%
Working capital€84,674▼ 28.7%€132,337▲ 56.3%€171,156▲ 29.3%€618,271▲ 261%€365,014▼ 41.0%
Staff (FTE)3▲ 50.0%2.5▼ 16.7%3.4▲ 36.0%3.5▲ 2.9%3.3▼ 5.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Turnover -87% on 2023. Cause not known from the registers.
- 2023 Turnover +68%, Net result +677%, Equity +261%, Total assets +61% on 2022. Cause not known from the registers.
- 2022 Turnover +184%, Total assets +278% on 2021. Cause not known from the registers.
- 2021 Turnover +61% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €208,671 after €745,898 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €931,058
Fixed assets
€342,044 ▼ 1.4%
Current assets
€589,014 ▼ 55.1%
Equity and liabilities €931,058
Equity
€518,945 ▼ 31.2%
Debt
€412,112 ▼ 54.4%
Debt's share of the balance-sheet total falls from 54.5% to 44.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€191,945▼
2023 · €760,692
Cash flow
-€218,979▼
2023 · €560,367
Current ratio
2.63▲
2023 · 1.89
Quick ratio
2.55▲
2023 · 1.89
Debt to equity
0.79▼
2023 · 1.20
ROE
-45.4%▼
2023 · 72.3%
ROA
-25.3%▼
2023 · 32.9%
Interest coverage
-19.13▼
2023 · 59.52
Debt ≤ 1 year
€224,000▼
2023 · €693,979
Debt > 1 year
€187,262▼
2023 · €209,661
Income taxes
€17,322▼
2023 · €187,864
Staff costs
€167,051▼
2023 · €210,788
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,058 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% | 1.6% |
| 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 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 4,815 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €461,915 | €742,885 | €2.1m | €3.5m | €478,233 | ▼ 86.5% |
| Goods, raw materials, services and sundry goods60/61 | - | €605,671 | €1.9m | €2.6m | €493,996 | ▼ 80.7% |
| Remuneration, social security and pensions62 | - | €80,010 | €156,998 | €210,788 | €167,051 | ▼ 20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,273 | €7,507 | €3,792 | €14,794 | €16,726 | ▲ 13.1% |
| Other operating charges640/8 | - | €2,868 | €4,521 | €9,353 | €9,131 | ▼ 2.4% |
| Gross operating margin9900 | €80,750 | €137,214 | €246,292 | €980,834 | -€15,763 | ▼ 102% |
| Operating profit (loss)9901 | -€19,581 | €46,829 | €80,981 | €745,898 | -€208,671 | ▼ 128% |
| Financial income75/76B | - | €78 | €47 | €320 | €322 | ▲ 0.6% |
| Recurring financial income75 | €143 | €78 | €47 | €320 | €322 | ▲ 0.6% |
| Financial charges65/66B | - | €1,834 | €1,528 | €12,781 | €10,034 | ▼ 21.5% |
| Recurring financial charges65 | €1,078 | €1,834 | €1,528 | €12,781 | €10,034 | ▼ 21.5% |
| Profit (loss) for the period before taxes9903 | -€20,517 | €45,073 | €79,500 | €733,437 | -€218,383 | ▼ 130% |
| Income taxes67/77 | €9,879 | €461 | €9,260 | €187,864 | €17,322 | ▼ 90.8% |
| Profit (loss) for the period9904 | -€30,395 | €44,612 | €70,240 | €545,573 | -€235,705 | ▼ 143% |
| Profit (loss) for the period to be appropriated9905 | -€30,395 | €44,612 | €70,240 | €545,573 | -€235,705 | ▼ 143% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €236,072 | €272,917 | €1.0m | €1.7m | €931,058 | ▼ 43.9% |
| Fixed assets21/28 | €9,551 | €10,350 | €291,975 | €346,891 | €342,044 | ▼ 1.4% |
| Tangible fixed assets22/27 | €8,766 | €9,565 | €291,190 | €346,106 | €341,259 | ▼ 1.4% |
| Land and buildings22 | - | - | €279,747 | €273,972 | €276,193 | ▲ 0.8% |
| Plant, machinery and equipment23 | - | €3,110 | €4,990 | €61,374 | €58,799 | ▼ 4.2% |
| Furniture and vehicles24 | - | €6,455 | €6,453 | €10,759 | €6,267 | ▼ 41.8% |
| Financial fixed assets28 | €785 | €785 | €785 | €785 | €785 | = |
| Current assets29/58 | €226,520 | €262,567 | €740,382 | €1.3m | €589,014 | ▼ 55.1% |
| Stocks and contracts in progress3 | - | €44,879 | €67,126 | - | €18,812 | - |
| Stocks30/36 | - | €44,879 | €67,126 | - | €18,812 | - |
| Amounts receivable within one year40/41 | €199,793 | €182,257 | €568,885 | €756,881 | €326,475 | ▼ 56.9% |
| Trade receivables40 | - | €167,236 | €526,448 | €711,027 | €266,613 | ▼ 62.5% |
| Other amounts receivable41 | - | €15,021 | €42,437 | €45,854 | €59,863 | ▲ 30.6% |
| Cash at bank and in hand54/58 | €26,445 | €35,140 | €104,064 | €554,251 | €243,726 | ▼ 56.0% |
| Deferred charges and accrued income490/1 | - | €292 | €307 | €1,117 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €236,072 | €272,917 | €1.0m | €1.7m | €931,058 | ▼ 43.9% |
| Equity10/15 | €94,226 | €138,837 | €209,078 | €754,650 | €518,945 | ▼ 31.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €51,860 | €51,860 | €51,860 | €51,860 | €51,860 | = |
| 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 | = |
| Distributable reserves133 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | €36,166 | €80,777 | €151,018 | €696,590 | €460,885 | ▼ 33.8% |
| Amounts payable17/49 | €141,846 | €134,079 | €823,280 | €904,490 | €412,112 | ▼ 54.4% |
| Amounts payable after more than one year17 | - | €3,850 | €254,053 | €209,661 | €187,262 | ▼ 10.7% |
| Financial debts170/4 | - | €3,850 | €254,053 | €209,661 | €187,262 | ▼ 10.7% |
| Amounts payable within one year42/48 | €141,846 | €130,230 | €569,227 | €693,979 | €224,000 | ▼ 67.7% |
| Current portion of amounts payable after more than one year42 | - | €1,796 | €1,796 | €23,613 | €22,399 | ▼ 5.1% |
| Trade debts44 | €97,526 | €90,813 | €255,376 | €455,438 | €55,692 | ▼ 87.8% |
| Suppliers440/4 | - | €90,813 | €255,376 | €455,438 | €55,692 | ▼ 87.8% |
| Advances received on contracts in progress46 | - | €19,935 | €279,369 | €68,540 | €30,937 | ▼ 54.9% |
| Taxes, remuneration and social security45 | - | €17,685 | €32,685 | €146,389 | €114,973 | ▼ 21.5% |
| Taxes450/3 | - | €11,598 | €22,712 | €123,781 | €108,146 | ▼ 12.6% |
| Remuneration and social security454/9 | - | €6,087 | €9,974 | €22,608 | €6,827 | ▼ 69.8% |
| Accrued charges and deferred income492/3 | - | - | - | €850 | €850 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,395 | €44,612 | €70,240 | €545,573 | -€235,705 | ▼ 143% |
| + Depreciation and write-downs630 | €6,273 | €7,507 | €3,792 | €14,794 | €16,726 | ▲ 13.1% |
| Operating cash flow (approximation) | -€24,122 | €52,119 | €74,033 | €560,367 | -€218,979 | ▼ 139% |
| Investment in fixed assets (approximation) | - | -€8,305 | -€285,418 | -€69,710 | -€11,880 | ▲ 83.0% |
| Change in cash | - | €8,694 | €68,925 | €450,186 | -€310,524 | ▼ 169% |
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Weakest financial yearnet -€235,705
Net result drops to -€235,705, the lowest in the series.
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
2023
31-12
Financial
Highest result since 2018net €545,573 ▲677%
Operating result €745,898, net result €545,573, both a record.
31-12
Financial
Equity above €500,000Eq €754,650 ▲261%
3 profitable years in a row build equity to €754,650.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Equity above €200,000Eq €209,078 ▲50.6%
2 profitable years in a row build equity to €209,078.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Back to profitnet €44,612
Net result €44,612 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €138,837 ▲47.3%
Equity rises from €94,226 to €138,837.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Show earlier events
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 124 days late
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 69 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Philippeville · 1 establishment unit since 2009
Ground area
1,099 m²
Building footprint
139 m²
Parcel 93066A0208/00F002, Wallonia. Linked by address, not a title deed.
1 establishment unit
E.M.G. CONSTRUCT
since 20092.179.346.708
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93066A0208/00F002 | Wallonia | 1,099 m² | 1 · 138 m² | - |
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 29,787 companies in sector 41001 we hold annual accounts for 16,042. 9,098 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
Founded03-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43212Electrical installation work in industrial facilities
43120Site preparation
43211General electrical installation work
43230Insulation installation
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0816746532
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.