EMALGA
EMALGA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €39k and a net result of €9k. Equity is growing by ~45.1% per year across the filed fiscal years. Its solvency ranks better than 17% of 3139 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €39k |
| Net result | €9k |
| Better than sector | 17% |
| Active | 11 yrs |
Mixed profile: strong on profitability, weaker on health.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 10.7% | 52.5% | |
| Net result | €9k | €32k | |
| Equity | €39k | €75k | |
| Gross operating margin | €26k | €52k | |
| Total assets | €362k | €192k |
| Fiscal year | 2024 |
|---|---|
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €9k |
| Cash flow | n/a |
| Staff costs | - |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €362k |
| Equity | €39k |
| Debt | €323k |
| of which ≤ 1y | €122k |
| of which > 1y | €201k |
| Working capital | n/a |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 10.7% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | 2.4% |
| ROE | 22.5% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €362k |
| Fixed assets | 21/28 | €325k |
| Tangible fixed assets | 22/27 | €325k |
| Current assets | 29/58 | €37k |
| Amounts receivable within one year | 40/41 | €36k |
| Cash & bank | 54/58 | €1k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €362k |
| Equity | 10/15 | €39k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €30k |
| Amounts payable | 17/49 | €323k |
| Amounts payable after one year | 17 | €201k |
| Amounts payable within one year | 42/48 | €122k |
| Trade debts payable within one year | 44 | €22k |
| Income statement | ||
| Gross operating margin | 9900 | €26k |
| Operating result | 9901 | €13k |
| Financial income | 75 | €1k |
| Financial charges | 65 | €6k |
| Result before taxes | 9903 | €9k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €9k |
| Result to be appropriated | 9905 | €9k |
| NACE primary | Financial services(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 12-06-2015 |
| Status | Active |
| Postal code | 1050 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0306/00E036 | Brussels | 408 m² | 1 · 191 m² | 19.5 m · 5 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
12-09-2024 Articles of association amended, translation of the articles, coordination of the articles and amendment of specific articles
Technical details
{
"notary": {
"name": "Stijn JOYE",
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2024-09-12",
"filing_date": "2024-09-10",
"act_kind_objet": "STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS)"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2024-09-09",
"unanimous": null
},
"statute_change": {
"kinds": [
"translation",
"coordination",
"targeted_amendment",
"object_change"
],
"scope": "targeted_articles",
"trigger": "other",
"language_after": null,
"language_before": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0631.973.509",
"name_full_after": "EMALGA",
"legal_form_after": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e",
"name_full_before": "EMALGA",
"current_zetel_raw": "Rue Fran\u00E7ois Stroobant 6, 1050 Ixelles",
"legal_form_before": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e"
},
"special_mandates": [],
"articles_modified": [
{
"summary": "L\u0027article 3 des statuts relatif \u00E0 l\u0027objet a \u00E9t\u00E9 modifi\u00E9 pour ajouter de nouvelles activit\u00E9s commerciales et immobili\u00E8res.",
"new_text": "La soci\u00E9t\u00E9 a pour objet, tant en Belgique qu\u0027\u00E0 l\u0027\u00E9tranger, pour compte propre ou pour compte de tiers ou en participation avec ceux-ci: - toutes op\u00E9rations de conseil, lobbying, service, assistance, consultance, formation en mati\u00E8re de strat\u00E9gie manag\u00E9riale, commerciale, financi\u00E8re, administrative et industrielle aupr\u00E8s de toutes entreprises commerciales, industrielles, financi\u00E8res ou de services;",
"change_kind": "amended",
"article_title": null,
"article_number": "3"
}
],
"governance_change": null,
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Stijn JOYE",
"org_rep_person_name": null
},
"co_filed_documents": [
"exp\u00E9dition",
"statuts coordonn\u00E9s"
],
"shareholder_rights": null,
"voorwerp_change_summary": "L\u0027objet de la soci\u00E9t\u00E9 a \u00E9t\u00E9 \u00E9largi pour inclure des activit\u00E9s de conseil, de services, de formation, d\u0027\u00E9v\u00E9nements, de commerce de gros de denr\u00E9es non-surgel\u00E9es, boissons et tabac, ainsi que des op\u00E9rations immobili\u00E8res et mobili\u00E8res.",
"capital_structure_change": null,
"coordinated_text_lineage": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | EMALGA |