EMALMA
ActiveSummary
EMALMA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (-€14,656) and a net result of -€2,365. Equity is shrinking by ~50.4% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
-€14,656▼ 19.2%
2023 · -€12,291
Net result
-€2,365
2023 · €1,120
Total assets
€17,157▲ 4.5%
2023 · €16,423
Solvency
-85.4%▼ 10.6pp
2023 · -74.8%
Trend over the years
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result falls in 2024; 2024 is 63% below 2023.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€2,420
2024
Net result-€2,365
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€17,157
2024
Equity-€14,656
2024
Debt€31,813
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€14,860
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-13.8%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-85.4%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.53
2024
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€24,484-€1,329-€120-€1,801▼ 1,402%-€7,268▼ 303%€6,627€2,420▼ 63.5%
Net result-€19,881--€3,943▲ 80.2%-€2,829below the sector's middle half▲ 28.3%-€4,595below the sector's middle half▼ 62.4%-€9,792below the sector's middle half▼ 113%€1,120below the sector's middle half-€2,365below the sector's middle half
Equity€7,747-€3,804▼ 50.9%€976below the sector's middle half▼ 74.4%-€3,619below the sector's middle half-€13,411below the sector's middle half▼ 271%-€12,291below the sector's middle half▲ 8.4%-€14,656below the sector's middle half▼ 19.2%
Total assets€24,287-€39,117▲ 61.1%€18,330below the sector's middle half▼ 53.1%€34,674below the sector's middle half▲ 89.2%€14,261below the sector's middle half▼ 58.9%€16,423below the sector's middle half▲ 15.2%€17,157below the sector's middle half▲ 4.5%
Debt€16,539-€35,313▲ 114%€17,354▼ 50.9%€38,294▲ 121%€27,673▼ 27.7%€28,714▲ 3.8%€31,813▲ 10.8%
Working capital€7,069-€3,639▼ 48.5%-€1,476within the sector's middle half-€5,512within the sector's middle half▼ 274%-€14,742within the sector's middle half▼ 167%-€13,058within the sector's middle half▲ 11.4%-€14,860within the sector's middle half▼ 13.8%
Solvency31.9%-9.7%▼ 22.2pp5.3%below the sector's middle half▼ 4.4pp-10.4%below the sector's middle half▼ 15.8pp-94.0%below the sector's middle half▼ 83.6pp-74.8%below the sector's middle half▲ 19.2pp-85.4%below the sector's middle half▼ 10.6pp
Current ratio1.43-1.10▼ 0.320.91within the sector's middle half▼ 0.190.86within the sector's middle half▼ 0.060.47below the sector's middle half▼ 0.390.55below the sector's middle half▲ 0.080.53below the sector's middle half▼ 0.01
Return on assets (ROA)-81.9%--10.1%▲ 71.8pp-15.4%below the sector's middle half▼ 5.4pp-13.3%below the sector's middle half▲ 2.2pp-68.7%below the sector's middle half▼ 55.4pp6.8%within the sector's middle half▲ 75.5pp-13.8%below the sector's middle half▼ 20.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €17,157
Fixed assets
€205 ▼ 73.3%
Current assets
€16,952 ▲ 8.3%
Equity and liabilities
Equity-€14,656
Debt€31,813
Equity is negative: debt (€31,813) exceeds the balance-sheet total (€17,157).
Key figures and ratios
Debt ≤ 1 year
€31,813▲
2023 · €28,714
Income taxes
€4,287▼
2023 · €4,881
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €479 | €417 | €620 | €563 | €563 | €563 | €563 | = |
| Other operating charges640/8 | - | - | - | €1,783 | €2,547 | €2,976 | €1,440 | ▼ 51.6% |
| Gross operating margin9900 | -€22,229 | €3,239 | €2,005 | €544 | -€4,158 | €10,166 | €4,423 | ▼ 56.5% |
| Operating profit (loss)9901 | -€24,484 | €1,329 | -€120 | -€1,801 | -€7,268 | €6,627 | €2,420 | ▼ 63.5% |
| Financial income75/76B | - | - | - | €1 | €12 | €0 | - | - |
| Recurring financial income75 | €81 | €0 | €15 | €1 | €12 | €0 | - | - |
| Financial charges65/66B | - | - | - | €296 | €551 | €626 | €497 | ▼ 20.5% |
| Recurring financial charges65 | €519 | €488 | €406 | €296 | €551 | €626 | €497 | ▼ 20.5% |
| Profit (loss) for the period before taxes9903 | -€19,495 | €842 | -€512 | -€2,097 | -€7,807 | €6,001 | €1,922 | ▼ 68.0% |
| Income taxes67/77 | €386 | €4,785 | €2,317 | €2,498 | €1,985 | €4,881 | €4,287 | ▼ 12.2% |
| Profit (loss) for the period9904 | -€19,881 | -€3,943 | -€2,829 | -€4,595 | -€9,792 | €1,120 | -€2,365 | ▼ 311% |
| Profit (loss) for the period to be appropriated9905 | -€19,881 | -€3,943 | -€2,829 | -€4,595 | -€9,792 | €1,120 | -€2,365 | ▼ 311% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €24,287 | €39,117 | €18,330 | €34,674 | €14,261 | €16,423 | €17,157 | ▲ 4.5% |
| Fixed assets21/28 | €679 | €262 | €2,456 | €1,893 | €1,330 | €767 | €205 | ▼ 73.3% |
| Tangible fixed assets22/27 | €679 | €262 | €2,456 | €1,893 | €1,330 | €767 | €205 | ▼ 73.3% |
| Plant, machinery and equipment23 | - | - | - | €1,893 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €1,330 | €767 | €205 | ▼ 73.3% |
| Current assets29/58 | €23,608 | €38,855 | €15,874 | €32,781 | €12,931 | €15,655 | €16,952 | ▲ 8.3% |
| Amounts receivable within one year40/41 | €17,149 | €36,753 | €905 | €14,275 | €3,149 | €6,125 | €13,678 | ▲ 123% |
| Trade receivables40 | - | - | - | €14,275 | €3,126 | €6,125 | €12,750 | ▲ 108% |
| Other amounts receivable41 | - | - | - | - | €23 | - | €928 | - |
| Cash at bank and in hand54/58 | €5,722 | €1,158 | €13,517 | €18,506 | €9,783 | €9,531 | €3,274 | ▼ 65.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €24,287 | €39,117 | €18,330 | €34,674 | €14,261 | €16,423 | €17,157 | ▲ 4.5% |
| Equity10/15 | €7,747 | €3,804 | €976 | -€3,619 | -€13,411 | -€12,291 | -€14,656 | ▼ 19.2% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | €20,405 | €20,405 | = |
| Reserves13 | €9,078 | €9,078 | €9,078 | €9,078 | €9,078 | €7,223 | €7,223 | = |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | - | - | €7,223 | €7,223 | €7,223 | €7,223 | = |
| Profit (loss) carried forward14 | -€19,881 | -€23,824 | -€26,653 | -€31,248 | -€41,040 | -€39,919 | -€42,284 | ▼ 5.9% |
| Amounts payable17/49 | €16,539 | €35,313 | €17,354 | €38,294 | €27,673 | €28,714 | €31,813 | ▲ 10.8% |
| Amounts payable within one year42/48 | €16,539 | €35,216 | €17,349 | €38,294 | €27,673 | €28,714 | €31,813 | ▲ 10.8% |
| Financial debts43 | - | - | - | - | €1,328 | €1,056 | €1,461 | ▲ 38.4% |
| Credit institutions430/8 | - | - | - | - | €1,328 | €1,056 | €1,461 | ▲ 38.4% |
| Trade debts44 | €3,511 | €19,952 | €1,373 | €14,932 | €2,787 | €2,784 | €5,582 | ▲ 101% |
| Suppliers440/4 | - | - | - | €14,932 | €2,787 | €2,784 | €5,582 | ▲ 101% |
| Taxes, remuneration and social security45 | - | - | - | €11,457 | €7,357 | €7,048 | €4,287 | ▼ 39.2% |
| Taxes450/3 | - | - | - | €11,457 | €7,357 | €7,048 | €4,287 | ▼ 39.2% |
| Other amounts payable47/48 | - | - | - | €11,904 | €16,201 | €17,826 | €20,482 | ▲ 14.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,881 | -€3,943 | -€2,829 | -€4,595 | -€9,792 | €1,120 | -€2,365 | ▼ 311% |
| + Depreciation and write-downs630 | €479 | €417 | €620 | €563 | €563 | €563 | €563 | = |
| Operating cash flow (approximation) | -€19,402 | -€3,526 | -€2,209 | -€4,032 | -€9,229 | €1,683 | -€1,802 | ▼ 207% |
| Investment in fixed assets (approximation) | - | €0 | -€2,814 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,564 | €12,359 | €4,989 | -€8,723 | -€252 | -€6,256 | ▼ 2,382% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,723 companies in this sector we hold annual accounts for 20,012. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €864 awarded · €864 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €255 | €255 |
| 2024 | 1 | €255 | €255 |
| 2023 | 1 | €255 | €255 |
| 2022 | 1 | €99 | €99 |