EMAR
ActiveSummary
EMAR has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.25M and a net result of €402k. Equity is growing by ~6.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▲+12
Solvency41=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.2 in 2024; short-term debt: 83.7% and cash: 15.4% of total assets), and 83.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.3%
Return on assets
5.2%
Age of the figures
9 mo
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
13 d early
2023
2 d early
2022
18 d early
2021
11 d early
2020
22 d early
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€1.25M▲ 47.4%
2024 · €847k
Total assets
€7.68M▲ 48.9%
2024 · €5.16M
Net result
€402k▲ 1,564%
2024 · €24k
Working capital
€1.25M▲ 47.4%
2024 · €847k
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
Line20212022202320242025
Operating result€326k▲ 11.8%€180k▼ 44.7%€990k▲ 449%€244k▼ 75.3%€738k▲ 202%
Net result€182k▲ 5.9%€95k▼ 48.0%€515k▲ 443%€24k▼ 95.3%€402k▲ 1,564%
Equity€964k▲ 23.3%€1.06M▲ 9.8%€1.57M▲ 48.6%€847k▼ 46.1%€1.25M▲ 47.4%
Total assets€8.85M▲ 30.4%€6.15M▼ 30.6%€5.84M▼ 4.9%€5.16M▼ 11.7%€7.68M▲ 48.9%
Debt€7.89M▲ 31.3%€5.09M▼ 35.5%€4.27M▼ 16.1%€4.31M▲ 1.0%€6.43M▲ 49.1%
Working capital€1.36M▲ 15.9%€1.18M▼ 13.7%€1.57M▲ 33.7%€847k▼ 46.1%€1.25M▲ 47.4%
Staff (FTE)3.1▲ 29.2%3.5▲ 12.9%4▲ 14.3%1▼ 75.0%0▼ 100%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 202% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €7.68M
Equity
€1.25M ▲ 47.4%
Debt
€6.43M ▲ 49.1%
Debt's share of the balance-sheet total rises from 83.6% to 83.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.19▼
2024 · 1.20
Quick ratio
0.33▲
2024 · 0.14
Debt to equity
5.15▲
2024 · 5.09
ROE
32.2%▲
2024 · 2.8%
ROA
5.2%▲
2024 · 0.5%
Debt ≤ 1 year
€6.43M▲
2024 · €4.31M
Income taxes
€147k▲
2024 · €10k
Staff costs
€-851▼
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €180k | €216k | €216k | €36k | €-851 | ▼ 102% |
| Other operating charges640/8 | €1k | €4k | €4k | €4k | €4k | ▲ 3.0% |
| Non-recurring operating charges66A | €28k | €363 | €0 | - | - | - |
| Gross operating margin9900 | €535k | €401k | €1.21M | €284k | €741k | ▲ 161% |
| Operating profit (loss)9901 | €326k | €180k | €990k | €244k | €738k | ▲ 202% |
| Financial income75/76B | €2k | €0 | €10k | €0 | - | - |
| Recurring financial income75 | €2k | €0 | €10k | €0 | - | - |
| Financial charges65/66B | €81k | €49k | €295k | €210k | €189k | ▼ 10.0% |
| Recurring financial charges65 | €81k | €49k | €295k | €210k | €189k | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €247k | €131k | €705k | €34k | €549k | ▲ 1,505% |
| Income taxes67/77 | €65k | €36k | €190k | €10k | €147k | ▲ 1,363% |
| Profit (loss) for the period9904 | €182k | €95k | €515k | €24k | €402k | ▲ 1,564% |
| Profit (loss) for the period to be appropriated9905 | €182k | €95k | €515k | €24k | €402k | ▲ 1,564% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.85M | €6.15M | €5.84M | €5.16M | €7.68M | ▲ 48.9% |
| Current assets29/58 | €8.85M | €6.15M | €5.84M | €5.16M | €7.68M | ▲ 48.9% |
| Stocks and contracts in progress3 | €5.50M | €5.02M | €4.28M | €4.56M | €5.58M | ▲ 22.5% |
| Stocks30/36 | €5.50M | €5.02M | €4.28M | €4.56M | €5.58M | ▲ 22.5% |
| Amounts receivable within one year40/41 | €2.66M | €805k | €1.14M | €498k | €913k | ▲ 83.2% |
| Trade receivables40 | €322k | €320k | €320k | €474k | €863k | ▲ 82.3% |
| Other amounts receivable41 | €2.34M | €485k | €818k | €25k | €50k | ▲ 102% |
| Cash at bank and in hand54/58 | €691k | €321k | €424k | €104k | €1.18M | ▲ 1,041% |
| Deferred charges and accrued income490/1 | €2k | €1k | €3k | €7 | €719 | ▲ 10,333% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.85M | €6.15M | €5.84M | €5.16M | €7.68M | ▲ 48.9% |
| Equity10/15 | €964k | €1.06M | €1.57M | €847k | €1.25M | ▲ 47.4% |
| Contributions10/11 | €225k | €225k | €225k | €225k | €225k | = |
| Capital10 | €225k | €225k | €225k | €225k | €225k | = |
| Issued capital100 | €225k | €225k | €225k | €225k | €225k | = |
| Reserves13 | €23k | €23k | €23k | €23k | €23k | = |
| Non-distributable reserves130/1 | €23k | €23k | €23k | €23k | €23k | = |
| Legal reserve130 | €23k | €23k | €23k | €23k | €23k | = |
| Profit (loss) carried forward14 | €716k | €811k | €1.33M | €600k | €1.00M | ▲ 67.0% |
| Amounts payable17/49 | €7.89M | €5.09M | €4.27M | €4.31M | €6.43M | ▲ 49.1% |
| Amounts payable after more than one year17 | €395k | €98k | €0 | - | - | - |
| Other amounts payable178/9 | €395k | €98k | €0 | - | - | - |
| Amounts payable within one year42/48 | €7.49M | €4.97M | €4.27M | €4.31M | €6.43M | ▲ 49.1% |
| Financial debts43 | €5.98M | €4.83M | €4.04M | €3.38M | €4.92M | ▲ 45.6% |
| Credit institutions430/8 | €5.98M | €4.83M | €4.04M | €3.38M | €4.92M | ▲ 45.6% |
| Trade debts44 | €62k | €81k | €16k | €0 | €3k | - |
| Suppliers440/4 | €62k | €81k | €16k | €0 | €3k | - |
| Taxes, remuneration and social security45 | €59k | €54k | €210k | €13k | €147k | ▲ 1,005% |
| Taxes450/3 | €40k | €26k | €193k | €13k | €147k | ▲ 1,005% |
| Remuneration and social security454/9 | €19k | €28k | €16k | €0 | - | - |
| Other amounts payable47/48 | €1.39M | €0 | - | €921k | €1.36M | ▲ 47.9% |
| Accrued charges and deferred income492/3 | €5k | €21k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €182k | €95k | €515k | €24k | €402k | ▲ 1,564% |
| Operating cash flow (approximation) | €182k | €95k | €515k | €24k | €402k | ▲ 1,564% |
| Change in cash | - | €-371k | €104k | €-321k | €1.08M | ▲ 437% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1MEq €1.25M ▲47.4%
8 profitable years in a row build equity to €1.25M.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €24k ▼95.3%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.06M ▲9.8%
5 profitable years in a row build equity to €1.06M.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Genk · 1 establishment unit since 1997
Ground area
1.1 ha
Building footprint
866 m²
Volume, LiDAR
4,890 m³
Parcel 71302A0032/00F032, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Emar / Marchetta Bouwgroep
since 19972.086.281.740
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0032/00F032 | Flanders | 1.1 ha | 1 · 866 m² | 7.4 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 37 EUR awarded · 37 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 37 EUR |
| 2022 | 1 | 37 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Identification & contact
Identification
Legal formPublic limited company
Founded09-12-1997
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.