EM GROUP
ActiveEM GROUP has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €722k and a net result of €181k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 474 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
81
/ 100
Excellent▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+27
Solvency52▼-8
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 2.34 in 2024), but 78% 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.
−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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
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
22%
Return on assets
5.5%
Age of the figures
8 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
11 d early
2023
on the day
2022
5 d early
2021
27 d late
2020
3 d late
2019
24 d early
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€722k▲ 4.5%
2024 · €691k
2018: €341k
2019: €249k
2020: €300k
2021: €378k
2022: €497k
2023: €591k
2024: €691k
2018 → 2025
Total assets
€3.29M▲ 20.2%
2024 · €2.74M
2018: €2.06M
2019: €2.37M
2020: €2.15M
2021: €2.07M
2022: €2.46M
2023: €2.80M
2024: €2.74M
2018 → 2025
Net result
€181k▲ 80.3%
2024 · €100k
2018: €108k
2019: €-92k
2020: €201k
2021: €228k
2022: €269k
2023: €244k
2024: €100k
2018 → 2025
Working capital
€1.88M▲ 29.1%
2024 · €1.46M
2018: €715k
2019: €622k
2020: €745k
2021: €825k
2022: €899k
2023: €1.02M
2024: €1.46M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€378k-€497k▲ 31.5%€591k▲ 18.9%€691k▲ 17.0%€722k▲ 4.5%
Operating result€275k-€356k▲ 29.4%€317k▼ 11.1%€170k▼ 46.3%€247k▲ 45.2%
Net result€228k-€269k▲ 18.0%€244k▼ 9.4%€100k▼ 58.8%€181k▲ 80.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 45% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.29M
Fixed assets
€210k▲ 8.6%
Current assets
€3.08M▲ 21.0%
Equity and liabilities €3.29M
Equity
€722k▲ 4.5%
Debt
€2.57M▲ 25.4%
The debt ratio rises from 74.8% to 78.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€306k▲
2024 · €228k
Cash flow
€240k▲
2024 · €158k
Solvency
22.0%▼
2024 · 25.2%
Current ratio
2.57▲
2024 · 2.34
Quick ratio
2.17▲
2024 · 1.77
Debt / equity
3.56▲
2024 · 2.96
ROE
25.1%▲
2024 · 14.5%
ROA
5.5%▲
2024 · 3.7%
Interest coverage
7.07▼
2024 · 10.56
Debt
€2.57M▲
2024 · €2.05M
Debt ≤ 1 year
€1.20M▲
2024 · €1.09M
Debt > 1 year
€26k▼
2024 · €45k
Income taxes
€27k▼
2024 · €49k
Staff costs
€2.17M▲
2024 · €2.17M
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€2.74M€3.29M▲
Fixed assets21/28€193k€210k▲
Intangible fixed assets21€59k€38k▼
Tangible fixed assets22/27€134k€172k▲
Plant, machinery and equipment23€24k€21k▼
Furniture and vehicles24€61k€113k▲
Other tangible fixed assets26€49k€37k▼
Current assets29/58€2.55M€3.08M▲
Stocks and contracts in progress3€616k€481k▼
Stocks30/36€616k€481k▼
Amounts receivable within one year40/41€1.22M€1.68M▲
Trade receivables40€1.21M€1.64M▲
Other amounts receivable41€11k€42k▲
Current investments50/53-€350k
Cash at bank and in hand54/58€650k€532k▼
Deferred charges and accrued income490/1€61k€40k▼
Equity and liabilities
Total equity and liabilities10/49€2.74M€3.29M▲
Equity10/15€691k€722k▲
Contributions10/11€30k€30k=
Reserves13€22k€22k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€640k€671k▲
Amounts payable17/49€2.05M€2.57M▲
Amounts payable after more than one year17€45k€26k▼
Financial debts170/4€45k€26k▼
Amounts payable within one year42/48€1.09M€1.20M▲
Current portion of amounts payable after more than one year42€21k€19k▼
Financial debts43€148k€155k▲
Credit institutions430/8€148k€155k▲
Trade debts44€282k€250k▼
Suppliers440/4€282k€250k▼
Advances received on contracts in progress46€291k€225k▼
Taxes, remuneration and social security45€345k€399k▲
Taxes450/3€69k€142k▲
Remuneration and social security454/9€277k€258k▼
Other amounts payable47/48€1k€151k▲
Accrued charges and deferred income492/3€913k€1.34M▲
Income statement
Code20242025
Remuneration, social security and pensions62€2.17M€2.17M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€59k▲
Other operating charges640/8€22k€15k▼
Gross operating margin9900€2.42M€2.49M▲
Operating profit (loss)9901€170k€247k▲
Financial income75/76B€1k€14k▲
Recurring financial income75€1k€11k▲
Non-recurring financial income76B-€2k
Financial charges65/66B€22k€53k▲
Recurring financial charges65€22k€43k▲
Non-recurring financial charges66B-€9k
Profit (loss) for the period before taxes9903€150k€208k▲
Income taxes67/77€49k€27k▼
Profit (loss) for the period9904€100k€181k▲
Profit (loss) for the period to be appropriated9905€100k€181k▲
Appropriation of the result
Profit (loss) to be appropriated9906€640k€821k▲
Profit (loss) brought forward from the previous period14P€539k€640k▲
Profit to be distributed694/7-€150k
Directors or managers695-€150k
Social balance
Average headcount (FTE)908727.627.9▲
The notes to these accounts (14 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €591k ▲18.9%
4 profitable years in a row build equity to €591k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €269k ▲18%
Operating result €356k, net result €269k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 27 days late
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 3 days late
2020
31-12
Financial
Back to profitnet €201k
Net result €201k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-92k ▼186%
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
23-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Sint-Niklaas · 1 establishment unit since 1984
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.
Entrepotstraat 339100 Sint-NiklaasGround area
2,201 m²
Building footprint
980 m²
Volume, LiDAR
3,994 m³
Parcel 46446B0859/00D000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Entrepotstraat 33, 9100 Sint-Niklaas
since 19842.025.207.768
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46446B0859/00D000 | Flanders | 2,201 m² | 1 · 980 m² | 6.7 m · 1 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.
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Of 1,221 companies in sector 33200 we hold annual accounts for 675. 405 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-07-1984
Fiscal year end31-12
Activities, NACEBEL
33200Installation of industrial machinery and equipment
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
72300
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.