Equity
-€680
Debts exceed assets in financial year 2025.
EMA SERVICES
Lifetime
15 annual accounts with figures on one time axispeak €40,987 (2025)
€40,987▲ €49,529
lowest -€46,663 (2024)
€3,654▲ €50,317
peak €42,329 (2023)
-€680▲ €3,654
€51,052▲ 103%
peak 1.4 FTE (2011)
-not published
Board7 names since 2018
2 directorsAMAKRAN MOHAMED and 1 other
Documentsfilings and deeds
25-09-202656 days late
2025abbreviated format
Gross margin from -€8,541 to €40,987Back to profit: €3,6542 directors appointed, 1 resignation 12-06Equity from -€4,334 to -€680Debts from €25,199 to €51,052Cash from €5,404 to €34,059
Key points
from the 2025 annual accountsResult
€3,654 €3,654
Back in profit in 2025, after a loss of €46,663 in 2024.
Debts
€51,052 101% of the balance sheet
Suppliers 21%Taxes and wages 50%Other 29%
Liquidity
0.80 was 0.22 in 2024
Short-term debts rose from €25,199 to €51,052.
Filings
15 annual accounts since 2011
Nine of the last ten came late. The 2019 accounts came latest: 90 days after the end of the period.
Position in the sector
-1.3%
Lower solvency than 90% of companies in land transport. Sector median 38.9% · 2,418 companies.
Checked score
56
Fair
Financially stronger than 53% of micro companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.7%● unchanged vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 0.8%▼ -0.9 percentage points vs 02-2025lowest value
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.9%▲ +0.1 percentage points vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 1.1%▲ +0.2 percentage points vs 07-2025
09-2025: 1.3%▲ +0.2 percentage points vs 08-2025
10-2025: 2.8%▲ +1.5 percentage points vs 09-2025highest value
11-2025: 2.8%● unchanged vs 10-2025highest value
12-2025: 2.8%● unchanged vs 11-2025highest value
01-2026: 2.8%● unchanged vs 12-2025
02-2026: 2.8%● unchanged vs 01-2026
03-2026: 2.7%▼ -0.1 percentage points vs 02-2026
04-2026: 2.6%▼ -0.1 percentage points vs 03-2026
05-2026: 2.6%● unchanged vs 04-2026
06-2026: 2.4%▼ -0.2 percentage points vs 05-2026
07-2026: 2.6%▲ +0.2 percentage points vs 06-2026
08-2026: 2.8%▲ +0.2 percentage points vs 07-2026
09-2026: 2.8%● unchanged vs 08-2026
10-2026: 1.1%▼ -1.7 percentage points vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Last filed accounts filed 56 days late; 3 of the last 3 accounts late
Sector: Land transport and transport via pipelines (NACE 49)
Negative equity -€680
lowers risk
Liquidity: current ratio 0.80, cash €34,059
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 14% of them on solvency, 52% on liquidity, 58% on profitability and 87% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,632 companies had the same profile as EMA SERVICES has now. Each dot stands for 10 companies, two years later.
91.9%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EMA SERVICES itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for EMA SERVICES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.8 (0.22 in 2024), below 1. Short-term debt is 101.3% and cash 67.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 2418 sector peers (2025).
NBB · sector comparisonPosition among 2418 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · 2025 accounts filed 56 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
56 days late
2024
59 days late
2023
85 days late
2022
1 day late
2021
16 days late
2020
1 day early
2019
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 44 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 September (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- AMAKRANE MOHAMED 50 sharesdeed of 12-06-2025
- MAHAN ABDELOUAHAB 40 sharesdeed of 12-06-2025
- BELACHGAR ILYESSE 10 sharesdeed of 12-06-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0830773821
2 directors appointed, 1 resignation
Transfer of 50 shares from BELACHGAR ILYESSE to AMAKRANE MOHAMED · Transfer of 40 shares from BELACHGAR ILYESSE to MAHAN ABDELOUAHAB · Resignation: GHAZALI NABIL · General meeting of 19-05-2025 · Gazette deed
Appointment: GHAZALI Nabil (director)
General meeting of 09-12-2024 · Gazette deed
Registered office moved within Brussels
Transfer of 50 shares from El Asri Karim to Belachgar llyesse · Transfer of 50 shares from Tarhach Souliman to Belachgar llyesse · New registered office: Avenue Everard 12/bte1 1190 Bruxelles · General meeting of 26-01-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EMA SERVICES Forest | €72,909 | 5.3% | -1.3% | - |
| RAPID LUNCH Forest | €146,558 | -56.1% | -21.2% | - |
| PACK & GO NETWORK SYSTEM Molenbeek-Saint-Jean | - | - | 84.4% | - |
| 2M EUROPE Molenbeek-Saint-Jean | €96,825 | 4.8% | 58.7% | - |
| ALAMTAXI Brussels | - | - | 26.7% | - |
| MAB TAX Schaerbeek | €95,364 | 2.0% | 78.6% | - |
| DH TRANSPORT Evere | - | - | 71.2% | - |
Grey: the largest companies of the sector (land transport (NACE 49)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as EMA SERVICES: on-demand passenger transport by chauffeured vehicle (NACE 49330). They are comparable in size and age: total assets between €46,800 and €57,800, founded between 2008 and 2012.
Official details
Source: KBO- Status
- Active since 29-10-2010Normal situation
- Registered office
- 19 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- On-demand passenger transport by chauffeured vehicleNACE 49330
- Joint committee
- 140.02Taxis · annual accounts 2022
- Establishment unit
- 2.193.216.4211190 Forest, since 26-10-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 28-02-2026
Insights on EMA SERVICES
EMA SERVICES files the abbreviated format. That format states no turnover. The gross margin rose from €9,207 in 2011 to €40,987 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EMA SERVICES
- What is the company number of EMA SERVICES?
- The company number of EMA SERVICES is 0830.773.821. The VAT number is the same number with BE in front: BE 0830.773.821.
- Where is EMA SERVICES based?
- The registered office is at Everardlaan 12, 1190 Forest.Company details
- What does EMA SERVICES do?
- According to the KBO register, the main activity is on-demand passenger transport by chauffeured vehicle (NACE 49330).
- What is the legal form of EMA SERVICES?
- EMA SERVICES is a private limited company (BV).
- When was EMA SERVICES founded?
- EMA SERVICES was founded on 29-10-2010.
- Is EMA SERVICES still active?
- Yes, EMA SERVICES is an active enterprise in the KBO register.
- How many employees does EMA SERVICES have?
- EMA SERVICES had an average of 0.3 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- Which joint committee does EMA SERVICES fall under?
- In its 2022 annual accounts, EMA SERVICES states joint committee 140.02 (Taxis).
- What is the turnover of EMA SERVICES?
- The turnover of EMA SERVICES was €72,909 in financial year 2025, according to the filed annual accounts.
- Is EMA SERVICES profitable?
- In financial year 2025, EMA SERVICES made a profit of €3,654.
- Where can I find the annual accounts of EMA SERVICES?
- EMA SERVICES filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EMA SERVICES due?
- EMA SERVICES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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