EM FINANCE
ActiveEM FINANCE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.02M and a net result of €714k. Equity is shrinking by ~12.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 69% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+31
Solvency89▲+48
Growth38=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 2.78 against 0.65 in 2024; short-term debt: 36% and cash: 3% of total assets), and 36% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64%
Return on assets
22.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-02-2026, 162 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
162 d early
2024
on the day
2023
8 d late
2022
50 d late
2021
2 d early
2020
31 d late
2019
14 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.50M▼ 51.7%
2018 · €3.12M
2018: €3.12M
2018 → 2019
EBIT margin
-20.4%▲ 8.0pp
2018 · -28.5%
2018: -28.5%
2018 → 2019
Net result
€714k▲ 35.0%
2024 · €529k
2018: €-1.12M
2019: €-91k
2020: €-196k
2021: €1.48M
2022: €-206k
2023: €-27k
2024: €529k
2018 → 2025
Working capital
€2.02M
2024 · €-2.39M
2018: €5.51M
2019: €4.85M
2020: €4.84M
2021: €2.56M
2022: €2.37M
2023: €-437k
2024: €-2.39M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6.31M-€6.11M▼ 3.3%€3.28M▼ 46.3%€1.31M▼ 60.1%€2.02M▲ 54.5%
Operating result€1.57M-€-223k€-146k▲ 34.5%€-81k▲ 44.6%€124k
Net result€1.48M-€-206k€-27k▲ 86.8%€529k€714k▲ 35.0%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €124k after a loss of €81k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.16M
Fixed assets
€472▼ 100.0%
Current assets
€3.16M▼ 27.7%
Equity and liabilities €3.16M
Equity
€2.02M▲ 54.5%
Debt
€1.14M▼ 83.2%
The debt ratio falls from 83.8% to 36.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€125k▲
2024 · €-66k
Cash flow
€716k▲
2024 · €544k
Solvency
64.0%▲
2024 · 16.2%
Current ratio
2.78▲
2024 · 0.65
Quick ratio
2.78▲
2024 · 0.65
Debt / equity
0.56▼
2024 · 5.16
ROE
35.3%▼
2024 · 40.4%
ROA
22.6%▲
2024 · 6.6%
Interest coverage
1.30▲
2024 · -0.63
Debt
€1.14M▼
2024 · €6.76M
Debt ≤ 1 year
€1.14M▼
2024 · €6.76M
Income taxes
€2k▲
2024 · €229
Staff costs
€567▲
2024 · €439
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€8.07M€3.16M▼
Fixed assets21/28€3.70M€472▼
Tangible fixed assets22/27€2k€472▼
Plant, machinery and equipment23€2k€472▼
Furniture and vehicles24€333€0▼
Financial fixed assets28€3.70M€0▼
Current assets29/58€4.37M€3.16M▼
Amounts receivable after more than one year29€724k€719k▼
Other amounts receivable291€724k€719k▼
Amounts receivable within one year40/41€876k€680k▼
Trade receivables40€647k€662k▲
Other amounts receivable41€229k€18k▼
Current investments50/53€2.70M€1.66M▼
Cash at bank and in hand54/58€68k€94k▲
Deferred charges and accrued income490/1€1k€12k▲
Equity and liabilities
Total equity and liabilities10/49€8.07M€3.16M▼
Equity10/15€1.31M€2.02M▲
Contributions10/11€198k€198k=
Capital10€198k€198k=
Issued capital100€198k€198k=
Reserves13€1.11M€1.83M▲
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Distributable reserves133€1.09M€1.81M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€6.76M€1.14M▼
Amounts payable within one year42/48€6.76M€1.14M▼
Trade debts44€1k€16k▲
Suppliers440/4€1k€16k▲
Other amounts payable47/48€6.76M€1.12M▼
Income statement
Code20242025
Non-recurring operating income76A-€143k
Remuneration, social security and pensions62€439€567▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€1k▼
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€0€16k▲
Gross operating margin9900€-62k€144k▲
Operating profit (loss)9901€-81k€124k▲
Financial income75/76B€715k€689k▼
Recurring financial income75€715k€300k▼
Non-recurring financial income76B-€389k
Financial charges65/66B€104k€97k▼
Recurring financial charges65€104k€97k▼
Profit (loss) for the period before taxes9903€529k€716k▲
Income taxes67/77€229€2k▲
Profit (loss) for the period9904€529k€714k▲
Profit (loss) for the period to be appropriated9905€529k€714k▲
Appropriation of the result
Profit (loss) to be appropriated9906€529k€714k▲
Transfer from equity791/2€2.50M€0▼
Transfer to equity691/2€529k€714k▲
To other reserves6921€529k€714k▲
Profit to be distributed694/7€2.50M€0▼
Return on contributions (dividend)694€2.50M€0▼
Social balance
Average headcount (FTE)90870.00.0=
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
19-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 2.78
Current ratio from 0.65 to 2.78; short-term debt falls from €6.76M to €1.14M.
31-12
Financial
Equity above €2MEq €2.02M ▲54.5%
2 profitable years in a row build equity to €2.02M.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €529k
Net result €529k after 2 loss-making years.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 8 days late
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 50 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €1.48M
Net result €1.48M after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Hove · 1 establishment unit since 1988
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.
Lintsesteenweg 5312540 HoveGround area
2,184 m²
Building footprint
803 m²
Volume, LiDAR
7,630 m³
Parcel 11021C0005/00H000, Flanders · tallest building 15.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
EM FINANCE
since 19882.040.415.685
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021C0005/00H000 | Flanders | 2,184 m² | 1 · 803 m² | 15.9 m · 3 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
549300P7HKFVSW5CCD13
Similar companies · same sector, comparable size
SIMON et Cie
BE 0412.009.973
Momignies · Eq €2.04M
CERES GL
BE 0886.272.469
Hove · Eq €2.00M
S+ BENELUX
BE 0755.719.377
Antwerpen · Eq €1.99M
JOHNSON MATTHEY BELGIUM
BE 0525.636.466
Machelen (Brab.) · Eq €1.97M
D EN D BULKMANS
BE 0453.709.580
Antwerpen · Eq €2.11M
Of 732 companies in sector 46820 we hold annual accounts for 388. 281 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-10-1988
Fiscal year end31-12
Activities, NACEBEL
28110
46820Wholesale trade
25110Manufacture of metal structures and parts of structures
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.