Equity
€1.2m from €3.2m in 2018
Equity fell by 61% in 7 years.
EMAR
Lifetime
19 annual accounts with figures on one time axis, 27 filings since 1999peak €1.2m (2023)
€741,212▲ 161%
lowest -€40,948 (2017)
€401,691▲ 17×
peak €3.2m (2018)
€1.2m▲ 47.4%
€6.4m▲ 49.1%
peak 4 FTE (2023)
0 FTE▼ 100%
Board3 names since 2017
3 directorsM.G.C.C. and 2 others
Owners4 names in the annual accounts
99.89%M.G.C.C.
Documentsfilings and deeds
04-06-202657 days before the deadline
2025abbreviated format
Gross margin from €283,849 to €741,212Result from €24,138 to €401,691Staff from 1 FTE to 0 FTEEquity from €847,245 to €1.2mDebts from €4.3m to €6.4mCash from €103,833 to €1.2m
Key points
from the 2025 annual accountsResult
€401,691 ▲ 17×
The result rose in 2025 from €24,138 to €401,691.
Turnover
≈ €1.7m estimated
The abbreviated format states no turnover.
Debts
€6.4m 84% of the balance sheet
Financial debts 76%Suppliers 0%Taxes and wages 2%Other 21%
€4.9m of the debts are secured on the company's own assets. In 2021 that was €6.0m.
Filings
27 annual accounts since 1999
The last five annual accounts were filed 2 to 57 days before the end of the period.
At the same address
9 companies
Checked score
93
Excellent
Financially stronger than 47% of small companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.8%▲ +0.1 percentage points vs 05-2025
07-2025: 1.2%▲ +0.4 percentage points vs 06-2025highest value
08-2025: 1.0%▼ -0.2 percentage points vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: < 0.1%▼ -1.0 percentage point 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
No main activity registered
Equity €1.2m (16.3% of total assets)
lowers risk
Size: total assets €7.7m
Figures for financial year 2025 (filed on 06-06-2026)
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 (no NACE code, small). It does better than 25% of them on solvency, 15% on liquidity, 55% on profitability and 91% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 378 companies had the same profile as EMAR has now. Each dot is one company, two years later.
97.4%
were still trading
2.4%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of EMAR itself: < 0.1% within 12 months.
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 378 companies, not a prediction for EMAR. 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 €110,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.19 (1.2 in 2024), below the usual 1.5. Short-term debt is 83.7% and cash 15.4% of total assets. 83.7% 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
Five signals.
lowers riskraises riskneutral
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 days early
2024
13 days early
2023
2 days early
2022
18 days early
2021
11 days early
2020
22 days early
2019
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 20 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 18 July (4 of the last 5 accounts filed within 30 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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0462071772
Amendment of the articles
General meeting of 28-10-2024 · Gazette deed
3 directors reappointed
Marchetta Franco, MADE BY DOLCE BV (managing director) and M.G.C.C. NV (managing director) · Permanent representatives: Marchetta Cerina and Marchetta Claudia · General meeting of 30-06-2023 · Gazette deed
1 director appointed, 2 resignations
Appointment: MADE BY DOLCE BVBA (managing director) · Permanent representatives: Marchetta Cerina and Marchetta Claudia · Resignations: Marchetta Gianni and Marchetta Claudia (managing director) · General meeting of 30-06-2018 · Gazette deed
Official details
Source: KBO- Status
- Active since 09-12-1997Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- No activity registered in the KBO
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment unit
- 2.086.281.7403600 Genk, since 03-12-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2025
Annual accounts 2025
- €7.7m▲ 48.9%
- Filing
- Filed on 04-06-2026, 57 days before the end of the filing period
Insights on EMAR
EMAR files the abbreviated format. That format states no turnover. The gross margin rose from €281,829 in 2016 to €741,212 in 2025.
M.G.C.C. holds all the shares. In August 2023, the Official Gazette published the appointment of M.G.C.C. as managing director.
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 EMAR
- What is the company number of EMAR?
- The company number of EMAR is 0462.071.772. The VAT number is the same number with BE in front: BE 0462.071.772.
- Where is EMAR based?
- The registered office is at Marcel Habetslaan 30, 3600 Genk.Company details
- What is the legal form of EMAR?
- EMAR is a public limited company (NV).
- When was EMAR founded?
- EMAR was founded on 09-12-1997.
- Is EMAR still active?
- Yes, EMAR is an active enterprise in the KBO register.
- How many employees does EMAR have?
- EMAR had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does EMAR fall under?
- In its 2023 annual accounts, EMAR states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of EMAR?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €741,212 and 2,275 comparable companies of the same size. It probably lies between €1.1m and €3.0m. It is a rough estimate.
- Is EMAR profitable?
- In financial year 2025, EMAR made a profit of €401,691.
- Where can I find the annual accounts of EMAR?
- EMAR filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EMAR due?
- EMAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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