EMA SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of EMA SERVICES is 4.6% (elevated). The 2024 annual accounts show negative equity (€-4k) and a net result of €-47k. Equity is growing by ~30.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 6720 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-72
Solvency4▼-96
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 1.22 in 2023; short-term debt: 120.8% and cash: 25.9% of total assets), and equity is negative.
Credit check 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-20.8%
Return on assets
-223.6%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 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
not confirmed
2024
59 d late
2023
85 d late
2022
1 d late
2021
16 d late
2020
1 d early
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€30k
EBIT margin
38.2%
Net result
€-47k
2023 · €1k
2018: €3k
2019: €661▼ -80.5% vs 2018
2020: €2k▲ +207% vs 2019
2021: €12k▲ +478% vs 2020
2022: €14k▲ +16.5% vs 2021highest in 7 years
2023: €1k▼ -91.6% vs 2022
2024: €-47k▼ -4149% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-20k
2023 · €2k
2018: €4k
2019: €9k▲ +152% vs 2018
2020: €15k▲ +71.1% vs 2019
2022: €35khighest value
2023: €2k▼ -95.0% vs 2022
2024: €-20k▼ -1233% vs 2023lowest value
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€16k-€28k▲ 74.1%€41k▲ 49.6%€42k▲ 2.8%€-4k
2020: €16k
2021: €28k▲ +74.1% vs 2020
2022: €41k▲ +49.6% vs 2021
2023: €42k▲ +2.8% vs 2022highest in 5 years
2024: €-4k▼ -110% vs 2023lowest in 5 years
Operating result€2k-€12k▲ 613%€14k▲ 14.0%€1k▼ 90.0%€-46k
2020: €2k
2021: €12k▲ +613% vs 2020
2022: €14k▲ +14.0% vs 2021highest in 5 years
2023: €1k▼ -90.0% vs 2022
2024: €-46k▼ -3451% vs 2023lowest in 5 years
Net result€2k-€12k▲ 478%€14k▲ 16.5%€1k▼ 91.6%€-47k
2020: €2k
2021: €12k▲ +478% vs 2020
2022: €14k▲ +16.5% vs 2021highest in 5 years
2023: €1k▼ -91.6% vs 2022
2024: €-47k▼ -4149% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €46k after €1k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21k
Fixed assets
€15k ▼ 62.1%
Current assets
€5k ▼ 43.8%
Key figures and ratios
EBITDA
€-43k▼
2023 · €8k
Cash flow
€-43k▼
2023 · €8k
Solvency
-20.8%▼
2023 · 84.1%
Current ratio
0.22▼
2023 · 1.22
Debt to equity
-5.81▼
2023 · 0.19
ROA
-223.6%▼
2023 · 2.3%
Interest coverage
-183.44▼
2023 · 33.77
Debt
€25k▲
2023 · €8k
Debt ≤ 1 year
€25k▲
2023 · €8k
Staff costs
€6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€50k€21k▼
Fixed assets21/28€41k€15k▼
Tangible fixed assets22/27€40k€15k▼
Plant, machinery and equipment23€713€25▼
Furniture and vehicles24€40k€15k▼
Financial fixed assets28€200-
Current assets29/58€10k€5k▼
Amounts receivable within one year40/41€788€70▼
Trade receivables40€702-
Other amounts receivable41€85€70▼
Cash at bank and in hand54/58€8k€5k▼
Deferred charges and accrued income490/1€718-
Equity and liabilities
Total equity and liabilities10/49€50k€21k▼
Equity10/15€42k€-4k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€24k€-23k▼
Amounts payable17/49€8k€25k▲
Amounts payable within one year42/48€8k€25k▲
Trade debts44-€2k
Suppliers440/4-€2k
Taxes, remuneration and social security45-€15k
Taxes450/3-€135
Remuneration and social security454/9-€15k
Other amounts payable47/48€8k€8k▼
Income statement
Code20232024
Non-recurring operating income76A€5k-
Remuneration, social security and pensions62-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼
Other operating charges640/8€324€5k▲
Non-recurring operating charges66A-€24k
Gross operating margin9900€8k€-9k▼
Operating profit (loss)9901€1k€-46k▼
Financial charges65/66B€233€235▲
Recurring financial charges65€233€235▲
Profit (loss) for the period before taxes9903€1k€-47k▼
Profit (loss) for the period9904€1k€-47k▼
Profit (loss) for the period to be appropriated9905€1k€-47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€-23k▼
Profit (loss) brought forward from the previous period14P€23k€24k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5k | - | - |
| Remuneration, social security and pensions62 | - | €153 | - | - | €6k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €257 | €2k | €6k | €3k | ▼ 50.1% |
| Other operating charges640/8 | - | - | €701 | €324 | €5k | ▲ 1,392% |
| Non-recurring operating charges66A | - | - | €672 | - | €24k | - |
| Gross operating margin9900 | €11k | €13k | €17k | €8k | €-9k | ▼ 204% |
| Operating profit (loss)9901 | €2k | €12k | €14k | €1k | €-46k | ▼ 3,451% |
| Financial income75/76B | - | €384 | - | - | - | - |
| Recurring financial income75 | €459 | €384 | - | - | - | - |
| Financial charges65/66B | - | €322 | €159 | €233 | €235 | ▲ 1.1% |
| Recurring financial charges65 | €131 | €322 | €159 | €233 | €235 | ▲ 1.1% |
| Profit (loss) for the period before taxes9903 | €2k | €12k | €14k | €1k | €-47k | ▼ 4,149% |
| Income taxes67/77 | - | €461 | - | - | - | - |
| Profit (loss) for the period9904 | €2k | €12k | €14k | €1k | €-47k | ▼ 4,149% |
| Profit (loss) for the period to be appropriated9905 | €2k | €12k | €14k | €1k | €-47k | ▼ 4,149% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €28k | €45k | €50k | €21k | ▼ 58.5% |
| Fixed assets21/28 | €605 | €1k | €6k | €41k | €15k | ▼ 62.1% |
| Tangible fixed assets22/27 | €405 | €1k | €6k | €40k | €15k | ▼ 61.9% |
| Plant, machinery and equipment23 | - | €990 | €6k | €713 | €25 | ▼ 96.5% |
| Furniture and vehicles24 | - | €239 | €74 | €40k | €15k | ▼ 61.3% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | - | - |
| Current assets29/58 | €17k | €26k | €39k | €10k | €5k | ▼ 43.8% |
| Amounts receivable within one year40/41 | €6k | €8k | €6k | €788 | €70 | ▼ 91.1% |
| Trade receivables40 | - | €262 | - | €702 | - | - |
| Other amounts receivable41 | - | €8k | €6k | €85 | €70 | ▼ 17.3% |
| Cash at bank and in hand54/58 | €10k | €18k | €33k | €8k | €5k | ▼ 34.4% |
| Deferred charges and accrued income490/1 | - | - | €718 | €718 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €28k | €45k | €50k | €21k | ▼ 58.5% |
| Equity10/15 | €16k | €28k | €41k | €42k | €-4k | ▼ 110% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-3k | €9k | €23k | €24k | €-23k | ▼ 197% |
| Amounts payable17/49 | €1k | €131 | €4k | €8k | €25k | ▲ 215% |
| Amounts payable within one year42/48 | €1k | - | €4k | €8k | €25k | ▲ 215% |
| Trade debts44 | €128 | - | €4k | - | €2k | - |
| Suppliers440/4 | - | - | €4k | - | €2k | - |
| Taxes, remuneration and social security45 | - | - | - | - | €15k | - |
| Taxes450/3 | - | - | - | - | €135 | - |
| Remuneration and social security454/9 | - | - | - | - | €15k | - |
| Other amounts payable47/48 | - | - | - | €8k | €8k | ▼ 3.1% |
| Accrued charges and deferred income492/3 | - | €131 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €12k | €14k | €1k | €-47k | ▼ 4,149% |
| + Depreciation and write-downs630 | €5k | €257 | €2k | €6k | €3k | ▼ 50.1% |
| Operating cash flow (approximation) | €7k | €12k | €16k | €8k | €-43k | ▼ 669% |
| Investment in fixed assets (approximation) | - | €-1k | €-7k | €-41k | €22k | ▲ 154% |
| Change in cash | - | €8k | €14k | €-24k | €-3k | ▲ 88.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series.
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Highest result since 2018net €14k ▲16.5%
Operating result €14k, net result €14k, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 5current ratio 12.73
Current ratio from 2.44 to 12.73; short-term debt falls from €6k to €1k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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
Registered office, Vorst · 1 establishment unit since 2010
Ground area
152 m²
Building footprint
140 m²
Volume, LiDAR
1,339 m³
Parcel 21383B0035/00M012, Brussels · tallest building 18.2 m, ±4 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
Everardlaan 12, 1190 Vorst
since 20102.193.216.421
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0035/00M012 | Brussels | 152 m² | 1 · 140 m² | 18.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,685 companies in sector 49330 we hold annual accounts for 2,296. 1,912 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
Scores and ratios are computed by Checked and are not a credit decision.