EMARI

Active

Private limited companyfounded 20206 yrs activeRemi Claeysstraat 1, 8210 Zedelgem, BelgiumKBO/BCE: BE 0751.945.087

Summary

The computed 12-month bankruptcy probability of EMARI is 2.3% (moderate). The 2025 annual accounts show equity of €36k and a net result of €-5k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 7500 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

EMARIActiveChecked score 40/100

Risk analysis Report Compare

Checked score

Score 2025

40 / 100

Weak

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability27▼-3

Solvency54▼-5

Growth32▼-26

Track record100

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity tight (current ratio 1.41 against 1.59 in 2024; short-term debt: 70.9% and cash: 2% of total assets), and 70.9% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Construction of residential and non-residential buildings (NACE 41)

about 67% more bankruptcies

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

29.1%

Return on assets

-4.3%

Age of the figures

12 mo

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

2122232425

2021 to 2025 · latest year €-5k

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

on the day

2024

2 d early

2023

on the day

2022

4 d early

2021

2 d late

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

25-09-2026 today30-09-2026 close30-04-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€36k▼ 12.8%

2024 · €42k

2021: €46khighest in 5 years 2022: €45k▼ -2.3% vs 2021 2023: €46k▲ +1.7% vs 2022 2024: €42k▼ -8.6% vs 2023 2025: €36k▼ -12.8% vs 2024lowest in 5 years

2021 → 2025

Total assets

€125k▲ 2.1%

2024 · €122k

2021: €98k 2022: €97k▼ -0.7% vs 2021lowest in 5 years 2023: €127k▲ +31.2% vs 2022highest in 5 years 2024: €122k▼ -3.6% vs 2023 2025: €125k▲ +2.1% vs 2024

2021 → 2025

Net result

€-5k▼ 36.0%

2024 · €-4k

2021: €-4k 2022: €-1k▲ +74.6% vs 2021 2023: €769▲ +173% vs 2022highest in 5 years 2024: €-4k▼ -610% vs 2023 2025: €-5k▼ -36.0% vs 2024lowest in 5 years

2021 → 2025

Working capital

€36k▼ 19.9%

2024 · €45k

2021: €46k 2022: €45k▼ -2.3% vs 2021 2023: €48k▲ +7.6% vs 2022highest in 5 years 2024: €45k▼ -5.9% vs 2023 2025: €36k▼ -19.9% vs 2024lowest in 5 years

2021 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€46k-€45k▼ 2.3%€46k▲ 1.7%€42k▼ 8.6%€36k▼ 12.8% 2021: €46khighest in 5 years 2022: €45k▼ -2.3% vs 2021 2023: €46k▲ +1.7% vs 2022 2024: €42k▼ -8.6% vs 2023 2025: €36k▼ -12.8% vs 2024lowest in 5 years

Operating result€-4k-€-1k▲ 74.3%€618€-154€-5k▼ 3,335% 2021: €-4k 2022: €-1k▲ +74.3% vs 2021 2023: €618▲ +159% vs 2022highest in 5 years 2024: €-154▼ -125% vs 2023 2025: €-5k▼ -3335% vs 2024lowest in 5 years

Net result€-4k-€-1k▲ 74.6%€769€-4k€-5k▼ 36.0% 2021: €-4k 2022: €-1k▲ +74.6% vs 2021 2023: €769▲ +173% vs 2022highest in 5 years 2024: €-4k▼ -610% vs 2023 2025: €-5k▼ -36.0% vs 2024lowest in 5 years

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €5k in 2025 against €154 in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €125k

29.1%

70.9%

Equity €36k ▼ 12.8%

Debt €89k ▲ 9.8%

Debt's share of the balance-sheet total rises from 66.0% to 70.9%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

Current ratio

1.41▼

2024 · 1.59

Debt to equity

2.44▲

2024 · 1.94

ROE

-14.7%▼

2024 · -9.4%

ROA

-4.3%▼

2024 · -3.2%

Debt ≤ 1 year

€89k▲

2024 · €77k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines

Balance sheet Code20242025

Assets

Total assets20/58€122k€125k▲

Current assets29/58€122k€125k▲

Amounts receivable within one year40/41€71k€123k▲

Trade receivables40€3k€3k▼

Other amounts receivable41€68k€120k▲

Cash at bank and in hand54/58€51k€3k▼

Equity and liabilities

Total equity and liabilities10/49€122k€125k▲

Equity10/15€42k€36k▼

Contributions10/11€50k€50k=

Profit (loss) carried forward14€-8k€-14k▼

Amounts payable17/49€81k€89k▲

Amounts payable within one year42/48€77k€89k▲

Trade debts44€6€933▲

Suppliers440/4€6€933▲

Taxes, remuneration and social security45-€332

Taxes450/3-€332

Other amounts payable47/48€77k€87k▲

Accrued charges and deferred income492/3€4k-

Income statement Code20242025

Other operating charges640/8€634€578▼

Gross operating margin9900€480€-5k▼

Operating profit (loss)9901€-154€-5k▼

Financial charges65/66B€4k€45▼

Recurring financial charges65€4k€45▼

Profit (loss) for the period before taxes9903€-4k€-5k▼

Profit (loss) for the period9904€-4k€-5k▼

Profit (loss) for the period to be appropriated9905€-4k€-5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-8k€-14k▼

Profit (loss) brought forward from the previous period14P€-4k€-8k▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2021	2022	2023	2024	2025	Change
Other operating charges640/8	€785	€459	€1k	€634	€578	▼ 8.8%
Gross operating margin9900	€-3k	€-592	€2k	€480	€-5k	▼ 1,079%
Operating profit (loss)9901	€-4k	€-1k	€618	€-154	€-5k	▼ 3,335%
Financial income75/76B	-	-	€3k	-	-	-
Recurring financial income75	-	-	€3k	-	-	-
Financial charges65/66B	€47	-	€3k	€4k	€45	▼ 98.8%
Recurring financial charges65	€47	-	€3k	€4k	€45	▼ 98.8%
Profit (loss) for the period before taxes9903	€-4k	€-1k	€769	€-4k	€-5k	▼ 36.0%
Profit (loss) for the period9904	€-4k	€-1k	€769	€-4k	€-5k	▼ 36.0%
Profit (loss) for the period to be appropriated9905	€-4k	€-1k	€769	€-4k	€-5k	▼ 36.0%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€98k	€97k	€127k	€122k	€125k	▲ 2.1%
Current assets29/58	€98k	€97k	€127k	€122k	€125k	▲ 2.1%
Amounts receivable within one year40/41	€15k	€35k	€123k	€71k	€123k	▲ 72.2%
Trade receivables40	-	-	€5k	€3k	€3k	▼ 16.7%
Other amounts receivable41	€15k	€35k	€118k	€68k	€120k	▲ 76.1%
Cash at bank and in hand54/58	€83k	€62k	€4k	€51k	€3k	▼ 95.1%
Equity and liabilities
Total equity and liabilities10/49	€98k	€97k	€127k	€122k	€125k	▲ 2.1%
Equity10/15	€46k	€45k	€46k	€42k	€36k	▼ 12.8%
Contributions10/11	€50k	€50k	€50k	€50k	€50k	=
Outside capital11	-	€50k	-	-	-	-
Other1109/19	-	€50k	-	-	-	-
Profit (loss) carried forward14	€-4k	€-5k	€-4k	€-8k	€-14k	▼ 64.0%
Amounts payable17/49	€52k	€52k	€81k	€81k	€89k	▲ 9.8%
Amounts payable within one year42/48	€52k	€52k	€79k	€77k	€89k	▲ 15.1%
Trade debts44	-	€348	€1k	€6	€933	▲ 15,448%
Suppliers440/4	-	€348	€1k	€6	€933	▲ 15,448%
Taxes, remuneration and social security45	-	-	€165	-	€332	-
Taxes450/3	-	-	€165	-	€332	-
Other amounts payable47/48	€52k	€52k	€77k	€77k	€87k	▲ 13.5%
Accrued charges and deferred income492/3	-	-	€3k	€4k	-	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€-4k	€-1k	€769	€-4k	€-5k	▼ 36.0%
Operating cash flow (approximation)	€-4k	€-1k	€769	€-4k	€-5k	▼ 36.0%
Change in cash	-	€-21k	€-57k	€47k	€-49k	▼ 204%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 30-04-2027

2026

30-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-09

Financial Weakest financial yearnet €-5k

Net result drops to €-5k, the lowest in the series.

28-04

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-09

Financial Back to profitnet €769

Net result €769 after 2 loss-making years.

26-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

02-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 2 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Zedelgem · 1 establishment unit since 2020

seat establishment The establishment unit on the map

Ground area

4,186 m²

Building footprint

1,247 m²

Volume, LiDAR

7,542 m³

Parcel 31040D0519/00L000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.

4 companies at this address See who is registered here

1 establishment unit

EMARI

Remi Claeysstraat 1, 8210 ZedelgemGeneral construction of residential buildings

since 20202.305.905.180

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31040D0519/00L000	Flanders	4,186 m²	1 · 1,247 m²	8.0 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.

Similar companies · same sector, comparable size

Boechout · Eq €36,329

SEVINA

BE 0782.533.048

Beveren-Kruibeke-Zwijndrecht · Eq €36,354

Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 12,722 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

Founded10-08-2020

Fiscal year end30-09

Activities, NACEBEL 2025

41001General construction of residential buildings

68110Buying and selling of own real estate

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