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EMARAN

Active
Private limited companyfounded 20224 yrs activeVlierkensstraat 46, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0790.552.671
Summary

The computed 12-month bankruptcy probability of EMARAN is 3.0% (moderate). The 2024 annual accounts show equity of €6,392 and a net result of -€2,674. Its solvency ranks better than 38% of 26043 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability12▼-42
Solvency44▲+8
Growth55
Track record94
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.83 against 1.02 in 2023; short-term debt: 80.9% and cash: 0.6% of total assets), and 80.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
19.1%
Return on assets
-8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
32 d early
2024
29 d early
2023
34 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 32 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

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. Usually files around 29 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 September 2022, EMARAN was incorporated as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2024, micro schema

Turnover
€220,440▲ 42.0%
2023 · €155,187
EBIT margin
-1.1%▼ 1.5pp
2023 · 0.4%
Net result
-€2,674
2023 · €566
Working capital
-€4,716
2023 · €1,898
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Turnover€155,187-€220,440▲ 42.0%
Operating result€649--€2,354
Net result€566within the sector's middle half--€2,674within the sector's middle half
EBIT margin0.4%--1.1%▼ 1.5pp
Equity€9,066within the sector's middle half-€6,392within the sector's middle half▼ 29.5%
Total assets€85,997within the sector's middle half-€33,452below the sector's middle half▼ 61.1%
Debt€76,931-€27,060▼ 64.8%
Working capital€1,898within the sector's middle half--€4,716within the sector's middle half
Solvency10.5%within the sector's middle half-19.1%within the sector's middle half▲ 8.6pp
Current ratio1.02within the sector's middle half-0.83below the sector's middle half▼ 0.20
Return on assets (ROA)0.7%within the sector's middle half--8.0%below the sector's middle half▼ 8.7pp
Staff (FTE)1-0.8▼ 20.0%
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€3,000-€2,000-€1,000€0€1,000Operating result 2023: €649€649Net result 2023: €566€566Operating result 2024: -€2,354-€2,354Net result 2024: -€2,674-€2,67420232024-€3,000-€2,000-€1,000€0€1,000Operating result 2023: €649€649Net result 2023: €566€566Operating result 2024: -€2,354-€2,350Net result 2024: -€2,674-€2,67020232024
The operating result turns negative in 2024: a loss of €2,354 after €649 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €33,452
Fixed assets €11,109 ▲ 55.0%
Current assets €22,344 ▼ 71.7%
Equity and liabilities €33,452
Equity €6,392 ▼ 29.5%
Debt €27,060 ▼ 64.8%
Debt's share of the balance-sheet total falls from 89.5% to 80.9%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€94▼
2023 · €1,274
Cash flow
-€414▼
2023 · €1,191
Quick ratio
0.70▼
2023 · 0.96
Debt to equity
4.23▼
2023 · 8.49
ROE
-41.8%▼
2023 · 6.2%
Interest coverage
-0.69▼
2023 · 15.42
Debt ≤ 1 year
€27,060▼
2023 · €76,931
Income taxes
€184
Staff costs
€28,862▼
2023 · €32,411
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,271 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
4.1% went bankrupt
2.0% stopped otherwise
93% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,271 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€85,997€33,452▼
Fixed assets21/28€7,168€11,109▲
Tangible fixed assets22/27€5,218€9,159▲
Furniture and vehicles24€5,218€9,159▲
Financial fixed assets28€1,950€1,950=
Current assets29/58€78,829€22,344▼
Stocks and contracts in progress3€4,948€3,480▼
Stocks30/36€4,948€3,480▼
Amounts receivable within one year40/41€70,885€18,654▼
Trade receivables40€68,564€18,654▼
Other amounts receivable41€2,321-
Cash at bank and in hand54/58€2,997€210▼
Equity and liabilities
Total equity and liabilities10/49€85,997€33,452▼
Equity10/15€9,066€6,392▼
Contributions10/11€8,500€8,500=
Profit (loss) carried forward14€566-€2,108▼
Amounts payable17/49€76,931€27,060▼
Amounts payable within one year42/48€76,931€27,060▼
Trade debts44€71,926€23,528▼
Suppliers440/4€71,926€23,528▼
Taxes, remuneration and social security45€5,005€3,532▼
Taxes450/3€1,345€1,197▼
Remuneration and social security454/9€3,660€2,335▼
Income statement Code20232024
Turnover70€155,187€220,440▲
Non-recurring operating income76A-€15
Goods, raw materials, services and sundry goods60/61€122,588€192,818▲
Remuneration, social security and pensions62€32,411€28,862▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€625€2,259▲
Other operating charges640/8€584€2,090▲
Gross operating margin9900€34,269€30,857▼
Operating profit (loss)9901€649-€2,354▼
Financial charges65/66B€83€136▲
Recurring financial charges65€83€136▲
Profit (loss) for the period before taxes9903€566-€2,490▼
Income taxes67/77-€184
Profit (loss) for the period9904€566-€2,674▼
Profit (loss) for the period to be appropriated9905€566-€2,674▼
Appropriation of the result
Profit (loss) to be appropriated9906€566-€2,108▼
Profit (loss) brought forward from the previous period14P-€566

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Turnover70€155,187€220,440▲ 42.0%
Non-recurring operating income76A-€15-
Goods, raw materials, services and sundry goods60/61€122,588€192,818▲ 57.3%
Remuneration, social security and pensions62€32,411€28,862▼ 10.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€625€2,259▲ 261%
Other operating charges640/8€584€2,090▲ 258%
Gross operating margin9900€34,269€30,857▼ 10.0%
Operating profit (loss)9901€649-€2,354▼ 463%
Financial charges65/66B€83€136▲ 65.0%
Recurring financial charges65€83€136▲ 65.0%
Profit (loss) for the period before taxes9903€566-€2,490▼ 540%
Income taxes67/77-€184-
Profit (loss) for the period9904€566-€2,674▼ 572%
Profit (loss) for the period to be appropriated9905€566-€2,674▼ 572%
Line20232024Change
Assets
Total assets20/58€85,997€33,452▼ 61.1%
Fixed assets21/28€7,168€11,109▲ 55.0%
Tangible fixed assets22/27€5,218€9,159▲ 75.5%
Furniture and vehicles24€5,218€9,159▲ 75.5%
Financial fixed assets28€1,950€1,950=
Current assets29/58€78,829€22,344▼ 71.7%
Stocks and contracts in progress3€4,948€3,480▼ 29.7%
Stocks30/36€4,948€3,480▼ 29.7%
Amounts receivable within one year40/41€70,885€18,654▼ 73.7%
Trade receivables40€68,564€18,654▼ 72.8%
Other amounts receivable41€2,321--
Cash at bank and in hand54/58€2,997€210▼ 93.0%
Equity and liabilities
Total equity and liabilities10/49€85,997€33,452▼ 61.1%
Equity10/15€9,066€6,392▼ 29.5%
Contributions10/11€8,500€8,500=
Profit (loss) carried forward14€566-€2,108▼ 472%
Amounts payable17/49€76,931€27,060▼ 64.8%
Amounts payable within one year42/48€76,931€27,060▼ 64.8%
Trade debts44€71,926€23,528▼ 67.3%
Suppliers440/4€71,926€23,528▼ 67.3%
Taxes, remuneration and social security45€5,005€3,532▼ 29.4%
Taxes450/3€1,345€1,197▼ 11.1%
Remuneration and social security454/9€3,660€2,335▼ 36.2%
Line20232024Change
Profit (loss) for the period9904€566-€2,674▼ 572%
+ Depreciation and write-downs630€625€2,259▲ 261%
Operating cash flow (approximation)€1,191-€414▼ 135%
Investment in fixed assets (approximation)--€6,200-
Change in cash--€2,788-

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Vilvoorde · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
236 m²
Building footprint
105 m²
Volume, LiDAR
593 m³
Parcel 23645C0273/00F003, Flanders · tallest building 11.3 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
EMARAN
Vlierkensstraat 46, 1800 VilvoordeRetail trade
since 20222.336.760.583
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23645C0273/00F003 Flanders 236 m² 1 · 105 m² 11.3 m · 1 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Vilvoorde2.336.760.583
1 permission
Toelating · Detailhandel · since 18-11-2022

Similar companies · same sector, comparable size

Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 2,914 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded07-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID 0208:0790552671
Also 9925:BE0790552671
Registered 01-05-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.