Result
-€1.1m -€1.1m
From profit to loss in 2025, after a profit of €37,620 in 2024.
EMA ENGINEERING
Overview
Information for creditors
Enterprise Court of Hainaut, Charleroi division · Official Gazette of 03-08-2026Appeal or third-party opposition 18-08-2026Filing the claim in RegSol 27-08-2026First verification report 24-09-2026Late claim until 28-07-2027
- Violette Meuniertrusteeviolette.meunier@avocat.be
Steps, deadlines and articles of law
The procedure
- Supervising judge
- Jose Roman Moreno
- Official Gazette
- 03-08-2026search the document for 2026/133763
Deadlines
- Provisional date payments stopped
- 28 July 2026A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition
- passed on 18 August 2026art. XX.108, Code of Economic Law
- Filing the claim in RegSol
- passed on 27 August 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 24 September 2026art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- 28 July 2027A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Violette MeunierRue Du Parc 29, 6000 Char- Leroiviolette.meunier@avocat.be
Steps for a creditor
- Stop delivering on credit unless the trustee agrees.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- The ordinary term has passed. File a late claim in RegSol (regsol.be) until 28 July 2027, yourself with eID or itsme, or through your lawyer. It shares only in what has not yet been paid out, and you bear the costs.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
- Follow the file in RegSol. The verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Lifetime
3 annual accounts with figures on one time axispeak €125,516 (2023)
€17,721▼ 79.5%
lowest -€1.1m (2025)
-€1.1m▼ €1.1m
peak €121,226 (2024)
-€949,694▼ €1.1m
€1.1m▼ 0.5%
Board2 names since 2022
2 directorsCASTELAIN David and 1 other
Documentsfilings and deeds
01-07-202630 days before the deadline
2025micro format
Gross margin from €86,384 to €17,721Loss of €1.1mEquity from €121,226 to -€949,694Cash from €4,492 to €10,226
Key points
from the 2025 annual accounts, the last ones filedDebts
€1.1m 1,007% of the balance sheet
Financial debts 72%Taxes and wages 2%Other 25%
Of this, €291,346 falls due within a year.
Liquidity
0.22 was 0.64 in 2024
Short-term debts rose from €161,350 to €291,346.
No score
Signals
Restart pattern
1 indication
A company was founded shortly before or after the bankruptcy of another, with a director in both or at the same registered office.
- BankruptThis companyjudgment 28-07-2026
KEYPERT was founded 9 months before the bankruptcy of this company. David Castelain sat on both boards.
- David Castelain director of both
- Same registered office (6140 Fontaine-l'Evêque)
This is a pattern, not a judgment. A new start after a bankruptcy is often entirely legitimate. The facts come from the KBO register, the Belgian Official Gazette, the director data and the annual accounts at the NBB. The same name in two sets of accounts is not necessarily the same person. What the facts mean is for you to look into.
Board and ownership
- CASTELAIN David 50 sharesdeed of 06-12-2022
- MARCIANO Stefanie 50 sharesdeed of 06-12-2022
Recent changes
Bankruptcy published
Enterprise Court of Hainaut, Charleroi division · judgment of 28-07-2026 · Bankruptcy
Listed in the Peppol Directory
Incorporation
Founding capital of €1,000 · Founders: CASTELAIN David and MARCIANO Stefanie · Founding capital of EUROS 1,000, 100 shares · Appointments: CASTELAIN David (director) and MARCIANO Stefanie (director) · published on 06-12-2022 · Gazette deed
First establishment
Rue de l'Argilière 19, Fontaine-l'Evêque
Official details
Source: KBO- Status
- In bankruptcydeclared bankrupt on 28-07-2026
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 3 others
- Establishment unit
- 2.338.713.3526140 Fontaine-l'Evêque, since 02-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 18-09-2025
Annual accounts 2025
- €17,721▼ 79.5%
- ≈ €94,000estimated
- €1.1m
- -€949,694
- €104,744▼ 91.1%
- Filing
- Filed on 01-07-2026
Insights on EMA ENGINEERING
Equity fell from €121,226 in 2024 to -€949,694 in 2025.
On 28 July 2026 the court declared EMA ENGINEERING bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 01-07-2026, 30 days before the deadline€17,721
▼ 79.5%
€6,142
▼ 92.3%
-€1.1m
▼ €1.1m
-€226,056
▼ €167,957
-906.7%
▼ 916.9 percentage points
0.22
▼ 0.42
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €94,000. Estimated: probably between €46,000 and €190,000.
Balance sheet
balance sheet total €104,744 on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
-906.7%
Lower than 95% of 21,208 companies in 2025.
0.22
Lower than 95% of 20,571 companies in 2025.
-
Higher than 23% of 20,101 companies in 2024.
EMA ENGINEERING
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
104,744 | 1.2m | 125,282 | |
21/28 |
39,453 | 1.1m | 8,970 | |
22/27 |
39,053 | 48,616 | 8,570 | |
24 |
16,022 | 22,784 | 8,570 | |
26 |
23,031 | 25,832 | - | |
28 |
400 | 1.0m | 400 | |
29/58 |
65,290 | 103,251 | 116,312 | |
29 |
45,000 | 60,000 | - | |
290 |
45,000 | 60,000 | - | |
40/41 |
9,387 | 37,522 | 54,603 | |
40 |
9,387 | 37,522 | 54,603 | |
54/58 |
10,226 | 4,492 | 61,709 | |
490/1 |
677 | 1,237 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
104,744 | 1.2m | 125,282 | |
10/15 |
-949,694 | 121,226 | 83,607 | |
10/11 |
1,000 | 1,000 | 1,000 | |
14 |
-950,694 | 120,226 | 82,607 | |
17/49 |
1.1m | 1.1m | 41,676 | |
17 |
763,091 | 898,640 | - | |
170/4 |
763,091 | 898,640 | - | |
42/48 |
291,346 | 161,350 | 41,676 | |
42 |
265,909 | 130,360 | - | |
44 |
- | 1,017 | - | |
440/4 |
- | 1,017 | - | |
45 |
24,530 | 25,114 | 32,660 | |
450/3 |
24,530 | 25,114 | 32,660 | |
47/48 |
908 | 4,859 | 9,016 | |
492/3 |
- | 75 | - | |
| Income statement | ||||
9900 |
17,721 | 86,384 | 125,516 | |
630 |
10,180 | 6,114 | 1,809 | |
640/8 |
1,399 | 591 | 3,141 | |
66A |
- | 129 | - | |
9901 |
6,142 | 79,550 | 120,566 | |
65/66B |
1.1m | 23,512 | 1,146 | |
65 |
47,342 | 23,512 | 1,146 | |
66B |
1.0m | - | - | |
9903 |
-1.1m | 56,038 | 119,420 | |
67/77 |
695 | 18,419 | 29,670 | |
9904 |
-1.1m | 37,620 | 89,750 | |
9905 |
-1.1m | 37,620 | 89,750 | |
| Appropriation of the result | ||||
9906 |
-950,694 | 120,226 | 89,750 | |
14P |
120,226 | 82,607 | - | |
694/7 |
- | - | 7,143 | |
694 |
- | - | 7,143 | |
| Document | ||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 01-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 16,322 | 85,665 | 122,375 | ||
| -1.1m | 43,734 | 91,559 | ||
| 617 | 1.1m | 10,780 | ||
| 5,734 | -57,217 | - | ||
| -226,056 | -58,100 | 74,636 | ||
| -906.7% | 10.3% | 66.7% | ||
| 0.22 | 0.64 | 2.79 | ||
| - | 8.74 | 0.50 | ||
| - | 31.0% | 107.3% | ||
| - | 3.2% | 71.6% | ||
| 0.34 | 3.64 | over 100 |
A ratio outside any meaningful range has been withheld (balance sheet total €104,744, equity -€949,694).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €617 | €46,160 | €10,380 |
| Financial fixed assets | - | €1.0m | €400 |
| €10,180 | €6,114 | €1,809 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on EMA ENGINEERING
The operating result for 2025 is 92% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Equity is negative. Debt (€1.1m) exceeds the balance-sheet total (€104,744).
Board & ownership
Curator
the curator has managed the company since 28-07-2026Last board
2 directors, since incorporationDirector (not named in the articles)
since 02-12-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 01-07-2026
Director (not named in the articles)
since 02-12-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 01-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 06-12-2022
Mandates through the years
2 names, the dashed line is todayCASTELAIN David
Director (not named in the articles)
Director (not named in the articles)
MARCIANO Stefanie
Director (not named in the articles)
Director (not named in the articles)
BoardBankruptcy 28-07-2026
Mandates as a list
- CASTELAIN David
- Director (not named in the articles), from 02-12-2022, until the bankruptcy of 28-07-2026
- MARCIANO Stefanie
- Director (not named in the articles), from 02-12-2022, until the bankruptcy of 28-07-2026
Control
Founders
This company
EMA ENGINEERING
Equity -€949,694
Loss €1.1m in 2025
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- -€9,497 in 2025
- Source
- deed of 06-12-2022
Articles of association
deed of 06-12-2022 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Héritiers et légataires ne devenant pas de plein droit actionnaires tenus de solliciter l’agrément selon mêmes formalités, pli recommandé ou…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Plus étendus articles 2:87 CSA et suivants, confirmation Tribunal de l'Entreprise compétent”
Shareholders
At incorporation
deed of 06-12-2022 ↗
- CASTELAIN David 50 shares (50%) · €500
- MARCIANO Stefanie 50 shares (50%) · €500
Network & group
Holdings
own 2025 accountsThis companyEMA ENGINEERING1 holding, 1 country
2025 accounts
Belgium 1 Equity Result
- BE Digisis43.79%open bankruptcy -€82,866 result -€137,541
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
At the same address
Rue de l'Argilière 19, 6140 Fontaine-l'Evêque · 1 other company| KEYPERT
registered office since 01-11-2025 · founded in 2025 |
total assets €43,638 (2025) 1029.666.876 |
Holdings and subsidiaries
1 holdingConnections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
KEYPERT
via David Castelain · Director (not named in the articles) · deed of 29-10-2025
Founded in 2025 · total assets €43,638 (2025)
→
Timeline
Timeline
9 events since 2022Filings
Financial
Establishments
Insolvency
20222023202420252026
2026
Bankruptcy published Enterprise Court of Hainaut, Charleroi division · judgment of 28-07-2026
Annual accounts 2025 filed NBBmicro format · 30 days before the deadline
2025
Weakest financial year net -€1.1m The net result drops to -€1.1m, the lowest from 2023 to 2025.
Listed in the Peppol Directory
Annual accounts 2024 filed PDFmicro format · 31 days late
2024
Equity above €100,000 equity €121,226 ▲45% With a profit in every financial year since 2023, equity grows to €121,226.
Annual accounts 2023 filed PDFmicro format · 30 days late
2022
IncorporationFounding capital of €1,000 · Founders: CASTELAIN David and MARCIANO Stefanie · Founding capital of EUROS 1,000, 100 shares · Appointments: CASTELAIN David (director) and MARCIANO Stefanie (director) · published on 06-12-20225 points ▸
- Founder, CASTELAIN David
- Founder, MARCIANO Stefanie
- Founding capital, EUROS 1.000, 100 shares
- Director appointment, CASTELAIN David (director (not named in the articles))
- Director appointment, MARCIANO Stefanie (director (not named in the articles))
- The deed holds 11 more points.
First establishment Rue de l'Argilière 19, Fontaine-l'Evêque
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 2 December 2022, EMA ENGINEERING was incorporated as a private limited company by two natural persons, with a starting capital of €1,000.12 Of the 2 current board members, 2 have served since 2022.3 Total assets went from €125,282 in 2023 to €104,744 in 2025.4 The company was declared bankrupt on 28 July 2026.5
Company details
Identity
- Enterprise number
- 0794.340.720
- VAT number
- BE 0794.340.720
- Peppol ID
- 0208:0794340720
- Other Peppol ID
- 9925:BE0794340720
- Legal form
- Private limited company
- Status
- In bankruptcy, since 28-07-2026
- Founded
- 02-12-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of Junedeed of 06-12-2022 (in French)
- Peppol
- Listed since 18-09-2025The listing only disappears when the Peppol service provider removes it.
- Name
- EMA ENGINEERING in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 06-12-2022 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région Wallonne”deed of 06-12-2022 (in French)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
62100
Computer programming
Codes under NACEBEL 2008
62020
IT consultancy main activity
58290
Publishing activities
62010
Computer programming, consultancy and related activities
62090
Computer programming, consultancy and related activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La société a pour objet,pour compte propre,pour compte de tiers ou en participation,tant en Belgique qu'à l'étranger,dans les domaines de…”deed of 06-12-2022 (in French)
9 activities
- La société a pour objet,pour compte propre,pour compte de tiers ou en participation,tant en Belgique qu'à l'étranger,dans les domaines de l’informatique,de l’électricité industrielle et de l’édition le tout au sens le plus large et autres domaines d’activités connexes ou non,toutes opérations de consultance,conception,fabrication,transformation,sous-traitance,commercialisation,distribution,représentation,consignation,importation,exportation,vente et achat de tous biens,produits et services de toute nature dans les domaines prévantés et autres.
- De plus,la société peut mettre les compétences de tous ses spécialistes à la disposition de ses clients,à l'effet d'accomplir toutes missions,sans limites ni dans le temps,ni dans l'espace,ni dans la nature des prestations.
- Elle peut accomplir toutes opérations commerciales,industrielles,financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet.
- Elle peut s'intéresser par toutes voies dans toutes sociétés,associations ou entreprises ayant un objet similaire ou connexe au sien ou susceptible de favoriser le développement de ses activités.
- La société peut également exercer les fonctions d'administrateur ou de liquidateur dans d'autres sociétés.
- Au cas où une prestation serait soumise à des conditions préalables d’accès à la profession,la société subordonnera son action pour l’accomplissement de cette prestation à la réalisation de ces conditions.
- Elle peut s'intéresser par toutes voies dans toutes sociétés,associations ou entreprises ayant un objet similaire ou connexe au sien ou susceptible de favoriser le développement de ses activités.
- Elle peut notamment se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société liée ou non.
- La société peut également exercer les fonctions d'administrateur ou de liquidateur dans d'autres sociétés.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue de l'Argilière 19 registered office 6140 Fontaine-l'Evêque | 02-12-2022 | 2.338.713.352 |
Buildings and parcels at the address
- Ground area
- 496 m²
- Buildings
- 75 m²
- Volume, LiDAR
- 490 m³
- Tallest building
- 8.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 52022B0149/02L003 | 495 m² | 1 · 75 m² | 8.4 m · 2 |