Emago
ActiveSummary
For Emago, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €356k and a net result of €-15k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 66% of 7611 sector peers (fiscal year 2022). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability77▼-7
Solvency89▼-7
Growth35▼-43
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2022Solvency, return and age of the figures
Solvency
64.2%
Return on assets
-2.7%
Age of the figures
45 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 19-09-2023, 50 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
50 d late
2021
115 d late
2020
30 d late
2019
93 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€54k▼ 56.8%
2021 · €124k
EBIT margin
-6.6%▼ 42.9pp
2021 · 36.4%
Net result
€-15k
2021 · €29k
Working capital
€-55k▼ 5.0%
2021 · €-52k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Turnover€124k€54k▼ 56.8%
Operating result€7k-€419k▲ 5,693%€45k▼ 89.2%€-4k
Net result€7k-€315k▲ 4,263%€29k▼ 90.7%€-15k
EBIT margin36.4%-6.6%▼ 42.9pp
Equity€26k-€341k▲ 1,221%€371k▲ 8.6%€356k▼ 4.0%
Total assets€52k-€698k▲ 1,251%€525k▼ 24.9%€554k▲ 5.6%
Debt€26k-€357k▲ 1,281%€154k▼ 56.9%€198k▲ 28.9%
Working capital€20k-€52k▲ 160%€-52k€-55k▼ 5.0%
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 2022: a loss of €4k after €45k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €554k
Fixed assets
€453k ▼ 6.5%
Current assets
€102k ▲ 149%
Equity and liabilities €554k
Equity
€356k ▼ 4.0%
Debt
€198k ▲ 28.9%
Debt's share of the balance-sheet total rises from 29.3% to 35.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19k▼
2021 · €53k
Cash flow
€8k▼
2021 · €37k
Current ratio
0.65▲
2021 · 0.44
Debt to equity
0.56▲
2021 · 0.42
ROE
-4.2%▼
2021 · 8.0%
ROA
-2.7%▼
2021 · 5.6%
Interest coverage
39.18▼
2021 · 99.23
Debt ≤ 1 year
€156k▲
2021 · €93k
Debt > 1 year
€42k▼
2021 · €61k
Income taxes
€11k▼
2021 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €124k | €54k | ▼ 56.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €121k | €9k | ▼ 92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €8k | €22k | ▲ 198% |
| Other operating charges640/8 | - | - | €2k | €9k | ▲ 373% |
| Non-recurring operating charges66A | - | - | €638 | €23k | ▲ 3,572% |
| Gross operating margin9900 | €28k | €426k | €55k | €51k | ▼ 7.0% |
| Operating profit (loss)9901 | €7k | €419k | €45k | €-4k | ▼ 108% |
| Recurring financial income75 | - | €55 | - | - | - |
| Financial charges65/66B | - | - | €531 | €480 | ▼ 9.5% |
| Recurring financial charges65 | - | €4k | €531 | €480 | ▼ 9.5% |
| Profit (loss) for the period before taxes9903 | €7k | €415k | €45k | €-4k | ▼ 109% |
| Income taxes67/77 | - | €99k | €15k | €11k | ▼ 28.4% |
| Profit (loss) for the period9904 | €7k | €315k | €29k | €-15k | ▼ 150% |
| Profit (loss) for the period to be appropriated9905 | €7k | €315k | €29k | €-15k | ▼ 150% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €52k | €698k | €525k | €554k | ▲ 5.6% |
| Fixed assets21/28 | €6k | €386k | €484k | €453k | ▼ 6.5% |
| Tangible fixed assets22/27 | €6k | €6k | €104k | €73k | ▼ 30.2% |
| Furniture and vehicles24 | - | - | €99k | €68k | ▼ 31.1% |
| Other tangible fixed assets26 | - | - | €5k | €4k | ▼ 10.2% |
| Financial fixed assets28 | - | €380k | €380k | €380k | = |
| Current assets29/58 | €46k | €313k | €41k | €102k | ▲ 149% |
| Amounts receivable within one year40/41 | €40k | €100k | €38k | €99k | ▲ 158% |
| Trade receivables40 | - | - | €8k | €54k | ▲ 545% |
| Other amounts receivable41 | - | - | €30k | €45k | ▲ 51.1% |
| Cash at bank and in hand54/58 | €4k | €213k | €3k | €3k | ▲ 13.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €52k | €698k | €525k | €554k | ▲ 5.6% |
| Equity10/15 | €26k | €341k | €371k | €356k | ▼ 4.0% |
| Contributions10/11 | €19k | - | €19k | €19k | = |
| Outside capital11 | - | - | €19k | €19k | = |
| Other1109/19 | - | - | €19k | €19k | = |
| Reserves13 | €359 | €359 | €359 | €359 | = |
| Non-distributable reserves130/1 | - | - | €359 | €359 | = |
| Reserves not available under the articles1311 | - | - | €359 | €359 | = |
| Profit (loss) carried forward14 | €7k | €322k | €352k | €337k | ▼ 4.2% |
| Amounts payable17/49 | €26k | €357k | €154k | €198k | ▲ 28.9% |
| Amounts payable after more than one year17 | - | - | €61k | €42k | ▼ 31.2% |
| Financial debts170/4 | - | - | €61k | €42k | ▼ 31.2% |
| Amounts payable within one year42/48 | €26k | €261k | €93k | €156k | ▲ 68.4% |
| Current portion of amounts payable after more than one year42 | - | - | €18k | €20k | ▲ 13.2% |
| Trade debts44 | €6k | €149k | €10k | €5k | ▼ 51.2% |
| Suppliers440/4 | - | - | €10k | €5k | ▼ 51.2% |
| Taxes, remuneration and social security45 | - | - | €15k | €23k | ▲ 56.5% |
| Taxes450/3 | - | - | €15k | €23k | ▲ 56.5% |
| Other amounts payable47/48 | - | - | €50k | €108k | ▲ 115% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €315k | €29k | €-15k | ▼ 150% |
| + Depreciation and write-downs630 | €2k | €2k | €8k | €22k | ▲ 198% |
| Operating cash flow (approximation) | €9k | €317k | €37k | €8k | ▼ 79.7% |
| Investment in fixed assets (approximation) | - | €-382k | €-106k | €9k | ▲ 108% |
| Change in cash | - | €209k | €-210k | €348 | ▲ 100% |
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
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series.
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 115 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2019net €315k ▲4,263%
Operating result €419k, net result €315k, both a record.
31-12
Financial
Equity above €200kEq €341k ▲1,221%
2 profitable years in a row build equity to €341k.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Wezembeek-Oppem
Ground area
3,077 m²
Building footprint
526 m²
Volume, LiDAR
2,744 m³
Parcel 22302D0344/00T000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22302D0344/00T000 | Flanders | 3,077 m² | 1 · 526 m² | 9.7 m · 2 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.
Similar companies · same sector, comparable size
GROUP JOLIFE
BE 0736.860.104
Asse · Eq €355,927
Miglia IM
BE 0537.437.210
Erpe-Mere · Eq €355,873
Ruben Peeters
BE 0894.401.366
Overijse · Eq €355,857
ARKENIA
BE 0503.820.671
Schoten · Eq €356,177
CY SALES & MARKETING
BE 0865.042.238
Gent · Eq €356,189
Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 6,346 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)
Founded17-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
69109Other legal services
Scores and ratios are computed by Checked and are not a credit decision.