EM CONSTRUCTION
ActiveThe computed 12-month bankruptcy probability of EM CONSTRUCTION is 2.8% (moderate). The annual accounts of EM CONSTRUCTION for fiscal year 2025 show a net loss of 88% of total assets and of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €14k and a net result of €-22k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 61% of 27711 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-50
Solvency82▼-18
Growth52=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.13 against 4.42 in 2024; short-term debt: 38.8% and cash: 0% of total assets), and 42.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
57.2%
Return on assets
-88.3%
Age of the figures
9 mo
neutral · Filed after the deadline
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. 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 · 6 filingsDeviation from the deadline
2025
11 d late
2024
91 d late
2023
37 d late
2022
32 d late
2021
75 d late
2020
157 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€14k▼ 60.7%
2024 · €36k
2020: €11k
2021: €11k
2022: €31k
2023: €34k
2024: €36k
2020 → 2025
Total assets
€25k▼ 43.9%
2024 · €44k
2020: €26k
2021: €34k
2022: €41k
2023: €47k
2024: €44k
2020 → 2025
Net result
€-22k
2024 · €3k
2020: €7k
2021: €-559
2022: €21k
2023: €2k
2024: €3k
2020 → 2025
Working capital
€11k▼ 61.0%
2024 · €28k
2020: €11k
2021: €6k
2022: €21k
2023: €25k
2024: €28k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€31k▲ 190%€34k▲ 7.4%€36k▲ 7.5%€14k▼ 60.7%
Operating result€435-€22k▲ 4,929%€10k▼ 55.3%€11k▲ 9.0%€-22k
Net result€-559-€21k€2k▼ 88.6%€3k▲ 8.4%€-22k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €22k after €11k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25k
Fixed assets
€4k▼ 47.7%
Current assets
€21k▼ 43.0%
Equity and liabilities €25k
Equity
€14k▼ 60.7%
Debt
€11k▲ 30.7%
The debt ratio rises from 18.4% to 42.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-21k▼
2024 · €11k
Cash flow
€-21k▼
2024 · €3k
Solvency
57.2%▼
2024 · 81.6%
Current ratio
2.13▼
2024 · 4.42
Quick ratio
0.89▼
2024 · 4.42
Debt / equity
0.75▲
2024 · 0.22
ROE
-154.3%▼
2024 · 7.0%
ROA
-88.3%▼
2024 · 5.7%
Interest coverage
-69.94▼
2024 · 2.92
Debt
€11k▲
2024 · €8k
Debt ≤ 1 year
€10k▲
2024 · €8k
Debt > 1 year
€1k
Income taxes
€147▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€44k€25k▼
Fixed assets21/28€8k€4k▼
Tangible fixed assets22/27€2k€4k▲
Plant, machinery and equipment23€2k€798▼
Furniture and vehicles24-€4k
Financial fixed assets28€7k-
Current assets29/58€36k€21k▼
Amounts receivable after more than one year29-€0
Stocks and contracts in progress3-€12k
Contracts in progress37-€12k
Amounts receivable within one year40/41€11k€9k▼
Trade receivables40€10k€7k▼
Other amounts receivable41€673€1k▲
Cash at bank and in hand54/58€25k€0▼
Equity and liabilities
Total equity and liabilities10/49€44k€25k▼
Equity10/15€36k€14k▼
Contributions10/11€4k€4k=
Reserves13€32k€32k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14-€-22k
Amounts payable17/49€8k€11k▲
Amounts payable after more than one year17-€1k
Financial debts170/4-€1k
Amounts payable within one year42/48€8k€10k▲
Financial debts43-€3k
Other loans439-€3k
Trade debts44€6k€6k▲
Suppliers440/4€6k€6k▲
Taxes, remuneration and social security45€2k€779▼
Taxes450/3€2k€779▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€798€922▲
Other operating charges640/8€2k€9k▲
Gross operating margin9900€13k€-12k▼
Operating profit (loss)9901€11k€-22k▼
Financial income75/76B€233€136▼
Recurring financial income75€233€136▼
Financial charges65/66B€4k€297▼
Recurring financial charges65€4k€297▼
Profit (loss) for the period before taxes9903€7k€-22k▼
Income taxes67/77€4k€147▼
Profit (loss) for the period9904€3k€-22k▼
Profit (loss) for the period to be appropriated9905€3k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-22k▼
Transfer to equity691/2€3k-
To other reserves6921€3k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Weakest financial yearnet €-22k ▼969%
Net result drops to €-22k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.35
Current ratio from 1.26 to 3.35; short-term debt falls from €23k to €9k.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 157 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gezondheidstraat 469000 GentGround area
120 m²
Building footprint
68 m²
Volume, LiDAR
465 m³
Parcel 44810K0293/00R003, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gezondheidstraat 46, 9000 Gent
since 20202.337.669.316
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44810K0293/00R003 | Flanders | 120 m² | 1 · 68 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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V&L Concepts
BE 1004.450.836
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AXOR
BE 0886.519.325
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JL & FILS CONSTRUCTION
BE 0802.282.545
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TINA SERVICES
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 4,722 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-02-2020
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.