Emako
ActiveSummary
The computed 12-month bankruptcy probability of Emako is 3.6% (moderate). The annual accounts of Emako for fiscal year 2024 show a net loss of 57% of the equity at the start of that year. The 2024 annual accounts show equity of €12k and a net result of €-16k. Equity is shrinking by ~48.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 31% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
35
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-50
Solvency55▼-20
Growth32=
Track record94
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.49 against 1.49 in 2023; short-term debt: 48.8% and cash: 23.1% of total assets), and 70.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
29.8%
Return on assets
-39%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-16k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
34 d early
2022
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€12k▼ 56.7%
2023 · €27k
2022: €39k
2023: €27k
2022 → 2024
Total assets
€40k▼ 27.5%
2023 · €55k
2022: €70k
2023: €55k
2022 → 2024
Net result
€-16k▼ 39.5%
2023 · €-11k
2022: €38k
2023: €-11k
2022 → 2024
Working capital
€-10k
2023 · €4k
2022: €16k
2023: €4k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€39k-€27k▼ 28.9%€12k▼ 56.7%
Operating result€45k-€-11k€-15k▼ 41.2%
Net result€38k-€-11k€-16k▼ 39.5%
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 €15k in 2024 against €11k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40k
Fixed assets
€30k ▼ 28.6%
Current assets
€9k ▼ 23.5%
Equity and liabilities €40k
Equity
€12k ▼ 56.7%
Debt
€28k ▲ 1.7%
Debt's share of the balance-sheet total rises from 50.1% to 70.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▼
2023 · €2k
Cash flow
€-3k▼
2023 · €2k
Current ratio
0.49▼
2023 · 1.49
Debt to equity
2.36▲
2023 · 1.00
ROE
-130.9%▼
2023 · -40.7%
ROA
-39.0%▼
2023 · -20.3%
Interest coverage
-16.14▼
2023 · 6.51
Debt ≤ 1 year
€19k▲
2023 · €8k
Debt > 1 year
€9k▼
2023 · €19k
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 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€55k€40k▼
Fixed assets21/28€42k€30k▼
Tangible fixed assets22/27€42k€30k▼
Plant, machinery and equipment23€18k€13k▼
Furniture and vehicles24€5k€4k▼
Leasing and similar rights25€19k€13k▼
Current assets29/58€12k€9k▼
Amounts receivable within one year40/41€1k€253▼
Other amounts receivable41€1k€253▼
Cash at bank and in hand54/58€8k€9k▲
Deferred charges and accrued income490/1€3k€49▼
Equity and liabilities
Total equity and liabilities10/49€55k€40k▼
Equity10/15€27k€12k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€26k€11k▼
Amounts payable17/49€27k€28k▲
Amounts payable after more than one year17€19k€9k▼
Financial debts170/4€19k€9k▼
Amounts payable within one year42/48€8k€19k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€1k€652▼
Suppliers440/4€1k€652▼
Taxes, remuneration and social security45€228-
Taxes450/3€228-
Other amounts payable47/48€7k€14k▲
Income statement
Code20232024
Non-recurring operating income76A€811-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€635€1k▲
Gross operating margin9900€2k€-2k▼
Operating profit (loss)9901€-11k€-15k▼
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€275€198▼
Recurring financial charges65€275€198▼
Profit (loss) for the period before taxes9903€-11k€-16k▼
Profit (loss) for the period9904€-11k€-16k▼
Profit (loss) for the period to be appropriated9905€-11k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€11k▼
Profit (loss) brought forward from the previous period14P€38k€26k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Boechout · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Broechemsesteenweg 1432531 BoechoutGround area
856 m²
Building footprint
224 m²
Volume, LiDAR
936 m³
Parcel 11047A0282/00G000, Flanders · tallest building 9.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Emako
since 20212.323.051.812
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11047A0282/00G000 | Flanders | 856 m² | 1 · 224 m² | 9.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 444 EUR awarded · 444 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 242 EUR | 242 EUR |
| 2024 | 1 | 202 EUR | 202 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 8,455 companies in sector 43120 we hold annual accounts for 3,233. 1,609 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43320Joinery installation
49410Freight transport by road
53200Other postal and courier activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.