EMA 23
ActiveThe computed 12-month bankruptcy probability of EMA 23 is 2.7% (moderate). The 2025 annual accounts show equity of €69k and a net result of €1k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 93% of 13270 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-19
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 6.17 against 8.65 in 2024; short-term debt: 15.7% and cash: 58.2% of total assets), and 15.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
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
84.3%
Return on assets
1.4%
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 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
27 d late
2022
28 d late
2021
61 d late
2020
13 d late
2019
58 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1k▼ 91.1%
2024 · €13k
2018: €10k
2019: €11k
2020: €11k
2021: €20k
2022: €-6k
2023: €827
2024: €13k
2018 → 2025
Working capital
€67k▼ 1.6%
2024 · €68k
2018: €18k
2019: €27k
2020: €34k
2021: €54k
2022: €41k
2023: €46k
2024: €68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€61k-€54k▼ 10.7%€55k▲ 1.5%€68k▲ 23.9%€69k▲ 1.7%
Operating result€27k-€-8k€1k€18k▲ 1,709%€3k▼ 84.9%
Net result€20k-€-6k€827€13k▲ 1,488%€1k▼ 91.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 85% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€3k▲ 779%
Current assets
€80k▲ 3.9%
Equity and liabilities €82k
Equity
€69k▲ 1.7%
Debt
€13k▲ 45.6%
The debt ratio rises from 11.5% to 15.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3k▼
2024 · €19k
Cash flow
€1k▼
2024 · €14k
Solvency
84.3%▼
2024 · 88.5%
Current ratio
6.17▼
2024 · 8.65
Quick ratio
5.74▼
2024 · 8.24
Debt / equity
0.19▲
2024 · 0.13
ROE
1.7%▼
2024 · 19.3%
ROA
1.4%▼
2024 · 17.1%
Interest coverage
9.95▼
2024 · 70.41
Debt
€13k▲
2024 · €9k
Debt ≤ 1 year
€13k▲
2024 · €9k
Income taxes
€1k▼
2024 · €5k
Staff costs
€25k▲
2024 · €388
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€77k€82k▲
Fixed assets21/28€289€3k▲
Tangible fixed assets22/27-€2k
Plant, machinery and equipment23-€2k
Financial fixed assets28€289€289=
Current assets29/58€77k€80k▲
Amounts receivable after more than one year29€16k€16k=
Trade receivables290€16k€16k=
Stocks and contracts in progress3€4k€6k▲
Stocks30/36€4k€6k▲
Amounts receivable within one year40/41€12k€10k▼
Trade receivables40€107-
Other amounts receivable41€12k€10k▼
Cash at bank and in hand54/58€44k€48k▲
Deferred charges and accrued income490/1€649€320▼
Equity and liabilities
Total equity and liabilities10/49€77k€82k▲
Equity10/15€68k€69k▲
Contributions10/11€19k€19k=
Reserves13€15k€15k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€34k€36k▲
Amounts payable17/49€9k€13k▲
Amounts payable within one year42/48€9k€13k▲
Trade debts44€2k€9k▲
Suppliers440/4€2k€9k▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€5k€933▼
Remuneration and social security454/9€2k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€388€25k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€844€149▼
Other operating charges640/8€2k€765▼
Gross operating margin9900€22k€29k▲
Operating profit (loss)9901€18k€3k▼
Financial charges65/66B€270€290▲
Recurring financial charges65€270€290▲
Profit (loss) for the period before taxes9903€18k€2k▼
Income taxes67/77€5k€1k▼
Profit (loss) for the period9904€13k€1k▼
Profit (loss) for the period to be appropriated9905€13k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€36k▼
Profit (loss) brought forward from the previous period14P€34k€34k=
Transfer to equity691/2€13k-
To other reserves6921€13k-
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €827
Net result €827 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 10.82
Current ratio from 4.13 to 10.82; short-term debt falls from €13k to €5k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-6k ▼132%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €20k ▲79%
Operating result €27k, net result €20k, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-10-2023
Resigned as Managing director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2016
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.
Broekstraat 131000 BrusselGround area
107 m²
Building footprint
108 m²
Volume, LiDAR
902 m³
Parcel 21803C1706/00G000, Brussels · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LA NATURA
since 20162.249.041.208
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C1706/00G000 | Brussels | 107 m² | 1 · 108 m² | 15.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.249.041.208
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KARO
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INTERNATIONAL FAST FOOD ASSOCIATION
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Hell or High Water
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,176 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-2016
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.