Emaco
ActiveSummary
Emaco has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,537 and a net result of -€1,344. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 1327 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▲+15
Solvency98▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 3.79 against 4.27 in 2024; short-term debt: 26.4% and cash: 69.4% of total assets), and 27.1% of the assets are financed with debt.
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Signals
Five 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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
72.9%
Return on assets
-3.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1,344
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
41 d early
2023
27 d early
2022
38 d early
2021
37 d early
2020
15 d early
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Leopoldsburg, Manufacturing sector
Equity
€31,537▼ 4.1%
2024 · €32,881
Total assets
€43,262▼ 0.1%
2024 · €43,314
Net result
-€1,344▲ 66.1%
2024 · -€3,969
Working capital
€31,837▼ 4.1%
2024 · €33,181
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,544€6,534▲ 323%-€8,913-€3,944▲ 55.7%-€1,204▲ 69.5%
Net result€1,520within the sector's middle half€6,048within the sector's middle half▲ 298%-€8,935below the sector's middle half-€3,969below the sector's middle half▲ 55.6%-€1,344below the sector's middle half▲ 66.1%
Equity€39,736within the sector's middle half▲ 4.0%€45,785within the sector's middle half▲ 15.2%€36,850within the sector's middle half▼ 19.5%€32,881within the sector's middle half▼ 10.8%€31,537within the sector's middle half▼ 4.1%
Total assets€47,747below the sector's middle half▲ 3.1%€55,980below the sector's middle half▲ 17.2%€45,613below the sector's middle half▼ 18.5%€43,314below the sector's middle half▼ 5.0%€43,262below the sector's middle half▼ 0.1%
Debt€8,011▼ 0.8%€10,195▲ 27.3%€8,763▼ 14.1%€10,433▲ 19.1%€11,726▲ 12.4%
Working capital€39,736within the sector's middle half▲ 4.0%€45,785within the sector's middle half▲ 15.2%€36,850within the sector's middle half▼ 19.5%€33,181within the sector's middle half▼ 10.0%€31,837within the sector's middle half▼ 4.1%
Solvency83.2%above the sector's middle half▲ 0.7pp81.8%above the sector's middle half▼ 1.4pp80.8%above the sector's middle half▼ 1.0pp75.9%above the sector's middle half▼ 4.9pp72.9%above the sector's middle half▼ 3.0pp
Current ratio5.96above the sector's middle half▲ 0.235.49above the sector's middle half▼ 0.475.21above the sector's middle half▼ 0.294.27above the sector's middle half▼ 0.933.79above the sector's middle half▼ 0.49
Return on assets (ROA)3.2%within the sector's middle half▲ 16.4pp10.8%within the sector's middle half▲ 7.6pp-19.6%below the sector's middle half▼ 30.4pp-9.2%below the sector's middle half▲ 10.4pp-3.1%below the sector's middle half▲ 6.1pp
Staff (FTE)1▲ 233%1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,204 in 2025 against €3,944 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €43,262
Equity
€31,537 ▼ 4.1%
Debt
€11,726 ▲ 12.4%
Debt's share of the balance-sheet total rises from 24.1% to 27.1%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.37▲
2024 · 0.32
ROE
-4.3%▲
2024 · -12.1%
Debt ≤ 1 year
€11,426▲
2024 · €10,133
Staff costs
€18,508▲
2024 · €15,867
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €14,624 | €14,913 | €15,180 | €15,867 | €18,508 | ▲ 16.6% |
| Gross operating margin9900 | €16,167 | €21,446 | €6,267 | €11,923 | €17,304 | ▲ 45.1% |
| Operating profit (loss)9901 | €1,544 | €6,534 | -€8,913 | -€3,944 | -€1,204 | ▲ 69.5% |
| Financial charges65/66B | €23 | €24 | €22 | €25 | €140 | ▲ 461% |
| Recurring financial charges65 | €23 | €24 | €22 | €25 | €140 | ▲ 461% |
| Profit (loss) for the period before taxes9903 | €1,520 | €6,510 | -€8,935 | -€3,969 | -€1,344 | ▲ 66.1% |
| Income taxes67/77 | - | €461 | - | - | - | - |
| Profit (loss) for the period9904 | €1,520 | €6,048 | -€8,935 | -€3,969 | -€1,344 | ▲ 66.1% |
| Profit (loss) for the period to be appropriated9905 | €1,520 | €6,048 | -€8,935 | -€3,969 | -€1,344 | ▲ 66.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,747 | €55,980 | €45,613 | €43,314 | €43,262 | ▼ 0.1% |
| Current assets29/58 | €47,747 | €55,980 | €45,613 | €43,314 | €43,262 | ▼ 0.1% |
| Amounts receivable within one year40/41 | €23,250 | €16,879 | €9,644 | €13,128 | €12,929 | ▼ 1.5% |
| Trade receivables40 | €23,250 | €16,879 | €9,644 | €13,128 | €12,929 | ▼ 1.5% |
| Cash at bank and in hand54/58 | €24,149 | €38,785 | €35,588 | €29,881 | €30,024 | ▲ 0.5% |
| Deferred charges and accrued income490/1 | €348 | €316 | €381 | €304 | €309 | ▲ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,747 | €55,980 | €45,613 | €43,314 | €43,262 | ▼ 0.1% |
| Equity10/15 | €39,736 | €45,785 | €36,850 | €32,881 | €31,537 | ▼ 4.1% |
| Contributions10/11 | €6,205 | €6,205 | €6,205 | €6,205 | €6,205 | = |
| Reserves13 | €35,638 | €35,638 | €35,638 | €35,638 | €35,638 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €33,778 | €33,778 | €33,778 | €33,778 | €33,778 | = |
| Profit (loss) carried forward14 | -€2,107 | €3,941 | -€4,994 | -€8,963 | -€10,307 | ▼ 15.0% |
| Amounts payable17/49 | €8,011 | €10,195 | €8,763 | €10,433 | €11,726 | ▲ 12.4% |
| Amounts payable within one year42/48 | €8,011 | €10,195 | €8,763 | €10,133 | €11,426 | ▲ 12.8% |
| Trade debts44 | €1,697 | €1,166 | €1,730 | €1,717 | €2,991 | ▲ 74.2% |
| Suppliers440/4 | €1,697 | €1,166 | €1,730 | €1,717 | €2,991 | ▲ 74.2% |
| Taxes, remuneration and social security45 | €4,927 | €7,643 | €5,688 | €7,071 | €7,090 | ▲ 0.3% |
| Taxes450/3 | €1,953 | €4,450 | €3,080 | €3,806 | €3,627 | ▼ 4.7% |
| Remuneration and social security454/9 | €2,974 | €3,193 | €2,608 | €3,265 | €3,463 | ▲ 6.0% |
| Other amounts payable47/48 | €1,387 | €1,387 | €1,345 | €1,345 | €1,345 | = |
| Accrued charges and deferred income492/3 | - | - | - | €300 | €300 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,520 | €6,048 | -€8,935 | -€3,969 | -€1,344 | ▲ 66.1% |
| Operating cash flow (approximation) | €1,520 | €6,048 | -€8,935 | -€3,969 | -€1,344 | ▲ 66.1% |
| Change in cash | - | €14,636 | -€3,197 | -€5,707 | €143 | ▲ 103% |
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
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€8,935
Net result drops to -€8,935, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €6,048 ▲298%
Operating result €6,534, net result €6,048, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1,520
Net result €1,520 after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €2,495
Net result €2,495 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Leopoldsburg · 1 establishment unit since 1994
Ground area
1,128 m²
Parcel 71034A3176/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
EMACO BVBA
since 19942.069.533.107
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71034A3176/00A000 | Flanders | 1,128 m² | - | - |
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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GLOBAL PARTNERS & Cie
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Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 957 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 (pre-2019)
Founded24-11-1994
Fiscal year end31-12
Activities, NACEBEL 2025
28299Manufacture of machinery and equipment not elsewhere classified
33120Repair and maintenance of machinery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453935650
Also
9925:BE0453935650
Registered
12-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.