Equity
€117,109 ▼ 35.2%
Emapa paid out €155,001 in dividends. That is 170% of the 2025 profit.
Emapa
Lifetime
17 annual accounts with figures on one time axispeak €232,452 (2025)
€232,452▲ 74.4%
lowest -€88,079 (2016)
€91,434▲ 652%
peak €180,676 (2024)
€117,109▼ 35.2%
€2.4m▲ 11.6%
Board1 name since 2021
1 directorVERNELEN Steve Jan Anna
Documentsfilings and deeds
02-04-2026120 days before the deadline
2025abbreviated format
Gross margin from €133,285 to €232,452Result from €12,165 to €91,434Dividend €155,001Equity from €180,676 to €117,109Cash from €28,198 to €163,962
Key points
from the 2025 annual accountsResult
€91,434 ▲ 652%
The result rose in 2025 from €12,165 to €91,434.
Turnover
≈ €370,000 estimated
The accounts state no turnover.
Debts
€2.4m 87% of the balance sheet
Financial debts 35%Suppliers 4%Taxes and wages 1%Other 59%
€835,414 of the debts are secured on the company's own assets. In 2023 that was €1.0m.
Filings
17 annual accounts since 2009
Three of the last ten came late. The 2020 accounts came latest: 31 days after the end of the period.
Position in the sector
4.1%
Lower solvency than 88% of companies in head offices and management consultancy. Sector median 52.4% · 10,855 companies.
Checked score
89
Excellent
Financially stronger than 15% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.2%▲ +0.1 percentage points vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: < 0.1%▼ -0.1 percentage points vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €117,109 (4.1% of total assets)
lowers risk
Size: total assets €2.8m
Figures for financial year 2025 (filed on 02-04-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 8% of them on solvency, 12% on liquidity, 33% on profitability and 6% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,448 companies had the same profile as Emapa has now. Each dot stands for 4 companies, two years later.
95.6%
were still trading
2.1%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Emapa itself is lower: < 0.1% within 12 months. It rests on far more data about Emapa than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,448 companies, not a prediction for Emapa. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.13 (1.23 in 2024), below the usual 1.5. Short-term debt is 60.6% and cash 5.8% of total assets. 95.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 10855 sector peers (2025).
NBB · sector comparisonPosition among 10855 sector peers
Solvency
better than 11%
← weakest
strongest →
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 02-04-2026, 120 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
120 days early
2024
2 days early
2023
43 days early
2022
26 days early
2021
58 days early
2020
31 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 27 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 June (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VERNELEN Steve Jan Anna all the sharesdeed of 08-01-2024
Shares in 1 company, VERDO PROPERY INVESTMENT
Board & ownershipRecent changes
Change of role: VERNELEN Steve Jan Anna, from manager to director
“De aan- en verkoop,in- en uitvoer,groot- en kleinhandel van goederen bestemd voor verkoop zowel in eigen…” (deed in Dutch) · VERNELEN Steve Jan Anna holds all the shares · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 28-12-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0898302350
Incorporation
published on 12-06-2008 · Gazette deed
First establishment
Botermelkbaan 51, Schoten
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Emapa Schoten | €2.8m | €232,452 | 4.1% | - |
| CAST CONSULT Kapellen | €2.9m | €270,644 | 60.5% | - |
| UNUSUAL Antwerp | €3.1m | €197,434 | 2.0% | - |
| DJ CONTAINERS Antwerp | €2.9m | €198,685 | 35.2% | 1.6 |
| STUYTS INVEST Schilde | €2.4m | €240,966 | 89.7% | - |
| ANBELI Wijnegem | €2.2m | €232,927 | 14.2% | - |
| CAES-SMETS Antwerp | €2.5m | €257,949 | 12.0% | - |
These companies have the same main activity as Emapa: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.2m and €3.1m, founded between 2005 and 2010.
Official details
Source: KBO- Status
- Active since 22-05-2008Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.172.711.0172900 Schoten, since 22-05-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €2.8m▲ 7.2%
- Filing
- Filed on 02-04-2026, 120 days before the end of the filing period
Insights on Emapa
Emapa files the abbreviated format. That format states no turnover. The gross margin rose from €161,373 in 2009 to €232,452 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Emapa
- What is the company number of Emapa?
- The company number of Emapa is 0898.302.350. The VAT number is the same number with BE in front: BE 0898.302.350.
- Where is Emapa based?
- The registered office is at Botermelkbaan 51, 2900 Schoten.Company details
- What does Emapa do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Emapa?
- Emapa is a private limited company (BV).
- When was Emapa founded?
- Emapa was founded on 22-05-2008.
- Is Emapa still active?
- Yes, Emapa is an active enterprise in the KBO register.
- What is the turnover of Emapa?
- The turnover in financial year 2025 is ≈ €370,000. This figure is estimated from the gross margin of €232,452 and 93 comparable companies (NACE 70200). It probably lies between €300,000 and €490,000.Financials
- Is Emapa profitable?
- In financial year 2025, Emapa made a profit of €91,434.
- Where can I find the annual accounts of Emapa?
- Emapa filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Emapa due?
- Emapa must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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