EM-Projects
Bankruptcy closedSummary
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 Official Gazette on 20-11-2024. The 2021 annual accounts show equity of €98,398 and a net result of €73,398.
Financials · financial year 2021, micro format
Turnover
≈ €890,000
Estimated: probably between €760,000 and €1.1m
Total assets
€532,422
Net result
€73,398
Working capital
€80,473
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €531,147
Fixed assets
€26,493
Current assets
€504,654
Equity and liabilities €532,422
Equity
€98,398
Debt
€434,024
Debt finances 81.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€108,036
Cash flow
€77,155
Current ratio
1.19
Debt to equity
0.10
ROE
74.6%
ROA
13.8%
Debt ≤ 1 year
€424,180
Debt > 1 year
€9,844
Income taxes
€27,329
Annual accounts
| Line | 2021 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,758 |
| Gross operating margin9900 | €397,751 |
| Operating profit (loss)9901 | €104,278 |
| Recurring financial income75 | €16 |
| Recurring financial charges65 | €3,567 |
| Profit (loss) for the period before taxes9903 | €100,727 |
| Income taxes67/77 | €27,329 |
| Profit (loss) for the period9904 | €73,398 |
| Profit (loss) for the period to be appropriated9905 | €73,398 |
| Line | 2021 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €532,422 | |
| Formation expenses20 | €1,275 | |
| Fixed assets21/28 | €26,493 | |
| Tangible fixed assets22/27 | €25,548 | |
| Financial fixed assets28 | €945 | |
| Current assets29/58 | €504,654 | |
| Amounts receivable within one year40/41 | €436,522 | |
| Cash at bank and in hand54/58 | €26,293 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €532,422 | |
| Equity10/15 | €98,398 | |
| Reserves13 | €73,398 | |
| Amounts payable17/49 | €434,024 | |
| Amounts payable after more than one year17 | €9,844 | |
| Amounts payable within one year42/48 | €424,180 | |
| Trade debts44 | €239,360 | |
| Line | 2021 |
|---|---|
| Profit (loss) for the period9904 | €73,398 |
| + Depreciation and write-downs630 | €3,758 |
| Operating cash flow (approximation) | €77,155 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 09-03-2022 | 2022-07300453 |
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Of the 12,357 active companies whose main activity is freight transport by road (NACE 49410), figures are known for 8,285. 6,414 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.