Equity
€582,196 from €988,742 in 2021
Equity fell by 41% in 4 years.
EMAC Belgium
Lifetime
13 annual accounts with figures on one time axispeak €3.1m (2021)
-not published
lowest -€505,736 (2022)
€192,153▲ €574,555
peak €988,742 (2021)
€582,196▲ 30.2%
€5.0m▼ 13.1%
peak 54.2 FTE (2021)
47.3 FTE▼ 9.7%
Board3 names since 2014
2 directorsTechno - Pose Concept and 1 other
Documentsfilings and deeds
20-07-202611 days before the deadline
2025financial year
Turnover from €5.7m to €7.3mBack to profit: €192,153Staff from 52.4 FTE to 47.3 FTEReappointment: F.C.G. Réviseurs d'Entreprises (statutory audi… 29-09Equity from €447,205 to €582,196
Key points
from the 2025 annual accountsResult
€192,153 €192,153
Back in profit in 2025, after a loss of €382,402 in 2024.
Debts
€5.0m 90% of the balance sheet
Financial debts 71%Suppliers 8%Taxes and wages 7%Other 14%
€2.7m of the debts are secured on the company's own assets. In 2022 that was €3.2m.
Investments
€30,856 0.1 × depreciation
Green is investment, beige is depreciation.
Payment terms
34 days to suppliers
EMAC Belgium pays its suppliers 23 days earlier than in 2024. Customers pay 4 days later.
Position in the sector
10.4%
Lower solvency than 85% of companies in head offices and management consultancy. Sector median 53.3% · 3,873 companies.
Checked score
70
Healthy
Financially stronger than 43% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025lowest value
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.6%▲ +0.1 percentage points vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%▲ +0.1 percentage points vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.7%▼ -0.1 percentage points vs 01-2026
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.6%▼ -0.3 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.67, cash €95,297
Equity €582,196 (10.4% of total assets)
Size: turnover €7.3m, 47.3 FTE, total assets €5.6m
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 70, small). It does better than 13% of them on solvency, 17% on liquidity, 58% on profitability and 84% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 4,107 companies had the same profile as EMAC Belgium has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EMAC Belgium itself: 0.6% 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 4,107 companies, not a prediction for EMAC Belgium. 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
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.67 (0.66 in 2024), below 1. Short-term debt is 40% and cash 1.7% of total assets. 89.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 3873 sector peers (2025).
NBB · sector comparisonPosition among 3873 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
20 days early
2023
21 days early
2022
26 days early
2021
16 days late
2020
15 days early
2019
149 days early
← 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 32 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 11 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
TP
Techno - Pose Concept
Director, since 31-01-2014
KM
KLM MANAGEMENT
Director, since 16-09-2016
- MENUISERIE E.M.A.C. all the sharesdeed of 24-02-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0849020907
Reappointment: F.C.G. Réviseurs d'Entreprises (statutory auditor)
General meeting of 20-06-2025 · Gazette deed
Appointment: F.C.G. Réviseurs d'Entreprises (statutory auditor)
General meeting of 10-11-2022 · Gazette deed
Merger: EMAC BELGIUM takes over MENUISERIE E.M.A.C.
Cancellation of 4,452 shares · Appointments: KLM MANAGEMENT (director) and Techno - Pose Concept (director) · “A) la construction et la commercialisation,sous toutes ses formes et notamment l'achat,la vente,le courtage et…” (deed in French) · General meeting of 31-12-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EMAC Belgium Charleroi | €7.3m | 3.6% | 10.4% | 47.3 |
| KRONOS GROUP Brussels | €11.4m | 0.8% | 72.5% | 53.8 |
| JLG Ground Support Europe Genk | €12.7m | 4.0% | 76.7% | 49.5 |
| EY SOLUTIONS Machelen (Brab.) | €13.7m | 1.5% | 30.4% | 43.7 |
| STHREE SERVICES Brussels | €7.8m | 5.3% | 69.6% | 48.8 |
| ACUMEN PUBLIC AFFAIRS Brussels | €13.3m | 23.5% | 30.5% | 61.2 |
| Care 4 Fleets Vilvoorde | €14.9m | 1.0% | 7.0% | 45.8 |
Grey: the largest companies of the sector (head offices and management consultancy (NACE 70)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as EMAC Belgium: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €5.4m and €7.2m, founded between 2007 and 2014.
Official details
Source: KBO- Status
- Active since 26-09-2012Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Joint committees
- 111Metal, mechanical and electrical engineering
- 200Auxiliary committee for white-collar workers
- 126Furnishing and woodworking · annual accounts 2024
- Establishment unit
- 2.213.023.6236040 Charleroi, since 09-10-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 03-02-2026
Annual accounts 2025
- €5.6m▼ 10.0%
- Employeeson 31-12-2025
- 47▼ 6.0%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on EMAC Belgium
EMAC Belgium has existed since 2012. In 2016 the gross margin rose from €19,494 to €651,154.
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 EMAC Belgium
- What is the company number of EMAC Belgium?
- The company number of EMAC Belgium is 0849.020.907. The VAT number is the same number with BE in front: BE 0849.020.907.
- Where is EMAC Belgium based?
- The registered office is at Zoning de Jumet,avenue Centrale 76, 6040 Charleroi.Company details
- What does EMAC Belgium do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of EMAC Belgium?
- EMAC Belgium is a private limited company (BV).
- When was EMAC Belgium founded?
- EMAC Belgium was founded on 26-09-2012.
- Is EMAC Belgium still active?
- Yes, EMAC Belgium is an active enterprise in the KBO register.
- How many employees does EMAC Belgium have?
- EMAC Belgium had an average of 47.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does EMAC Belgium fall under?
- In its 2024 annual accounts, EMAC Belgium states joint committees 111 (Metal, mechanical and electrical engineering), 200 (Auxiliary committee for white-collar workers) and 126 (Furnishing and woodworking).
- What is the turnover of EMAC Belgium?
- The turnover of EMAC Belgium was €7.3m in financial year 2025, according to the filed annual accounts.
- Is EMAC Belgium profitable?
- In financial year 2025, EMAC Belgium made a profit of €192,153.
- Where can I find the annual accounts of EMAC Belgium?
- EMAC Belgium filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EMAC Belgium due?
- EMAC Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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