EM-Projects

Bankruptcy closed

Private limited companyfounded 2021KBO/BCE: BE 0762.734.358

Summary

EM-Projects was declared bankrupt on 12-03-2024 (Ondernemingsrechtbank Brussel); the bankruptcy declaration was reversed by judgment of 16-04-2024, published in the Belgian State Gazette on 20-11-2024. The 2021 annual accounts show equity of €98k and a net result of €73k.

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Signals

Two signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Bankruptcy closed

The Belgian State Gazette published the closure of the bankruptcy. The latest notice is dated 20-11-2024. The KBO register has not yet processed that closure. The register usually follows the Staatsblad later, so the newer publication in the Staatsblad prevails.

Belgian State Gazette

Latest accounts filed on time

The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 09-03-2022, 144 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2021

144 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2021, micro schema

Equity

€98k

Total assets

€532k

Net result

€73k

Working capital

€80k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €531k

95.0%

Fixed assets €26k

Current assets €505k

Equity and liabilities €532k

18.5%

81.5%

Equity €98k

Debt €434k

Debt finances 81.5% of the balance-sheet total.

Key figures and ratios

2021 value

EBITDA

€108k

Cash flow

€77k

Current ratio

1.19

Debt to equity

0.10

ROE

74.6%

ROA

13.8%

Debt ≤ 1 year

€424k

Debt > 1 year

€10k

Income taxes

€27k

Filed annual accounts As filed with the NBB · 2021 · 24 lines

Balance sheet Code2021

Assets

Total assets20/58€532k

Formation expenses20€1k

Fixed assets21/28€26k

Tangible fixed assets22/27€26k

Financial fixed assets28€945

Current assets29/58€505k

Amounts receivable within one year40/41€437k

Cash at bank and in hand54/58€26k

Equity and liabilities

Total equity and liabilities10/49€532k

Equity10/15€98k

Reserves13€73k

Amounts payable17/49€434k

Amounts payable after more than one year17€10k

Amounts payable within one year42/48€424k

Trade debts44€239k

Income statement Code2021

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k

Gross operating margin9900€398k

Operating profit (loss)9901€104k

Recurring financial income75€16

Recurring financial charges65€4k

Profit (loss) for the period before taxes9903€101k

Income taxes67/77€27k

Profit (loss) for the period9904€73k

Profit (loss) for the period to be appropriated9905€73k

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Timeline · acts, filings and financial milestones

All 4Signals 3Filings 1

2024

20-11

Bankruptcy Bankruptcy reversal

Ondernemingsrechtbank Brussel · EM-PROJECTS BV GROOT-BIJGAARDEN- STRAAT 14, 1082 SINT-AGATHA-BERCHEM · event 16-04-2024

18-03

Bankruptcy Opening

Ondernemingsrechtbank Brussel · EM-PROJECTS BV GROOT- BIJGAARDENSTRAAT 14, 1082 SINT-AGATHA-BERCHEM · event 12-03-2024

21-02

Bankruptcy Opening

Ondernemingsrechtbank Brussel · EM-PROJECTS BV GROOT- BIJGAARDENSTRAAT 14, 1082 SINT-AGATHA-BERCHEM · event 13-02-2024

2022

09-03

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

SignalNBB filing

Directors · office · real estate

Directors

4 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

1 establishment unit since 2021

establishment The establishment unit on the map

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.

Ground area

290 m²

Building footprint

293 m²

Volume, LiDAR

2,049 m³

Parcel 21342B0043/00F003, Brussels · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

EM-Projects

Agents in the wholesale of food, beverages and tobacco

since 20212.313.204.332

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21342B0043/00F003	Brussels	290 m²	1 · 293 m²	10.6 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.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	BRANDAAN MOMBAERS LAKENSESTRAAT 154/11, 1000 BRUSSEL 1 ↔ Also on 155 other cases	12-03-2024 → 16-04-2024
Curator	SVEN DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM-	13-02-2024 → 16-04-2024

Similar companies · same sector, comparable size

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Schaarbeek · Eq €98,298

Grondwerken Persoons

BE 0537.333.082

Halen · Eq €98,283

Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 6,344 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded01-02-2021

Fiscal year end31-12

Activities, NACEBEL 2025

49410Freight transport by road

52249Warehousing and support activities for transportation

52250Logistics services

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.