Investments
€3,704 4.0 × depreciation
Green is investment, beige is depreciation.
EM CONSTRUCTION
Lifetime
6 annual accounts with figures on one time axispeak €24,908 (2022)
-€11,737▼ €24,699
lowest -€22,031 (2025)
-€22,031▼ €24,566
peak €36,307 (2024)
€14,276▼ 60.7%
€10,672▲ 30.7%
Board2 names since 2020
-
Documentsfilings and deeds
11-08-202611 days late
2025micro format
Gross margin from €12,963 to -€11,737Loss of €22,031Equity from €36,307 to €14,276Debts from €8,163 to €10,672Cash from €25,396 to €0
Key points
from the 2025 annual accountsFilings
6 annual accounts 6 late
The 2020 accounts came latest: 157 days after the end of the period.
Position in the sector
-€22,031
Lower net result than 93% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Turnover not published (micro format)
Checked score
48
Fair
Financially stronger than 24% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.6%
01-2025: 3.6%● unchanged vs 12-2024
02-2025: 3.7%▲ +0.1 percentage points vs 01-2025
03-2025: 3.7%● unchanged vs 02-2025
04-2025: 3.8%▲ +0.1 percentage points vs 03-2025
05-2025: 3.7%▼ -0.1 percentage points vs 04-2025
06-2025: 3.7%● unchanged vs 05-2025
07-2025: 3.6%▼ -0.1 percentage points vs 06-2025
08-2025: 4.1%▲ +0.5 percentage points vs 07-2025
09-2025: 4.3%▲ +0.2 percentage points vs 08-2025
10-2025: 5.4%▲ +1.1 percentage points vs 09-2025highest value
11-2025: 0.7%▼ -4.7 percentage points vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.7%▼ -0.1 percentage points vs 04-2026lowest value
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.4 percentage points vs 07-2026
09-2026: 3.5%▲ +2.4 percentage points vs 08-2026
10-2026: 3.5%● unchanged vs 09-2026
11-2026: 3.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 11 days late; 2 of the last 3 accounts late
Liquidity: current ratio 2.13, cash €0, halved
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €24,949
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 62% of them on solvency, 20% on liquidity, 4% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,591 companies had the same profile as EM CONSTRUCTION has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EM CONSTRUCTION itself: 3.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for EM CONSTRUCTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 2.13 (4.42 in 2024), above the usual 1.5. Short-term debt is 38.8% and cash 0% of total assets. 42.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 11 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
11 days late
2024
91 days late
2023
37 days late
2022
32 days late
2021
75 days late
2020
157 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 67 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · 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 7 September (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- Mehmetaj Elidon all the sharesdeed of 08-07-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0743385234
Transfer of 200 shares from Hagjija Melaim to Mehmetaj Elidon
Resignation: Hagjija Melaim (director) · Director discharge: Hagjija Melaim · Mehmetaj Elidon holds all the shares · General meeting of 08-06-2020 · Gazette deed
Incorporation
Founding capital of €4,000, 400 shares · Founders: HAGJIJA Melaim and MEHMETAJ Elidon · Appointments: HAGJIJA Melaim (director) and MEHMETAJ Elidon (director) · published on 10-02-2020 · Gazette deed
First establishment
Gezondheidstraat 46, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EM CONSTRUCTION Ghent | €24,949 | -€11,737 | 57.2% | - |
| Renov Garra Sint-Laureins | €22,827 | -€9,951 | -117.9% | - |
| Flo Building Nazareth | €24,250 | €353 | 69.1% | - |
| AED Facility Group Lochristi | €19,649 | -€26,103 | -224.3% | - |
| CGV Houthalen-Helchteren | €30,139 | -€4,769 | -29.9% | - |
| Body Build Sint-Martens-Latem | €26,488 | -€85,207 | -473.0% | - |
| PAREBEL RENOVA COLORS Sint-Pieters-Leeuw | €20,490 | -€8,921 | -70.4% | - |
These companies have the same main activity as EM CONSTRUCTION: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €19,600 and €30,100, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 06-02-2020Normal situation
- Activity
- Other specialised construction activitiesNACE 43990
- Establishment unit
- 2.337.669.3169000 Ghent, since 06-02-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Insights on EM CONSTRUCTION
EM CONSTRUCTION files the micro format. That format states no turnover. The gross margin fell from €11,198 in 2020 to -€11,737 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EM CONSTRUCTION
- What is the company number of EM CONSTRUCTION?
- The company number of EM CONSTRUCTION is 0743.385.234. The VAT number is the same number with BE in front: BE 0743.385.234.
- Where is EM CONSTRUCTION based?
- The registered office is at Gezondheidstraat 46, 9000 Ghent.Company details
- What does EM CONSTRUCTION do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of EM CONSTRUCTION?
- EM CONSTRUCTION is a private limited company (BV).
- When was EM CONSTRUCTION founded?
- EM CONSTRUCTION was founded on 06-02-2020.
- Is EM CONSTRUCTION still active?
- Yes, EM CONSTRUCTION is an active enterprise in the KBO register.
- What is the turnover of EM CONSTRUCTION?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is EM CONSTRUCTION profitable?
- In financial year 2025, EM CONSTRUCTION made a loss of €22,031.
- Where can I find the annual accounts of EM CONSTRUCTION?
- EM CONSTRUCTION filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EM CONSTRUCTION due?
- EM CONSTRUCTION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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