Overdue debts
€21,709 on 31-12-2025
The annual accounts state €12,615 of overdue tax debts and €9,094 of overdue social security (RSZ) debts on 31-12-2025.
EMARN
Lifetime
15 annual accounts with figures on one time axispeak €112,620 (2024)
€83,856▼ 25.5%
lowest -€22,678 (2023)
-€6,422▼ €8,647
peak €12,801 (2021)
-€21,496▼ €6,422
€158,984▼ 3.4%
peak 0.2 FTE (2011)
-not published
Board2 names since 2023
2 directorsRUTH Emeric and 1 other
Documentsfilings and deeds
17-06-202644 days before the deadline
2025micro format
Gross margin from €112,620 to €83,856Loss of €6,422Appointment: Laura Simon (director) 16-06Equity from -€15,074 to -€21,496Cash from €9,406 to €4,443
Key points
from the 2025 annual accountsEquity
-€21,496
Debts exceed assets in financial year 2025.
Debts
€158,984 116% of the balance sheet
Financial debts 49%Suppliers 2%Taxes and wages 14%Other 36%
Of this, €81,484 falls due within a year.
Staff
4 employees on 31-12-2025
In 2025, 9 people joined and 8 left.
Filings
15 annual accounts since 2011
The last five annual accounts were filed 44 to 65 days before the end of the period.
Board
1 left
A director left. Latest change 01-07-2026 · 1 in office.
Checked score
54
Fair
Financially stronger than 23% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.1%
01-2025: 3.1%● unchanged vs 12-2024
02-2025: 3.1%● unchanged vs 01-2025
03-2025: 3.1%● unchanged vs 02-2025
04-2025: 3.2%▲ +0.1 percentage points vs 03-2025
05-2025: 3.4%▲ +0.2 percentage points vs 04-2025highest value
06-2025: 3.3%▼ -0.1 percentage points vs 05-2025
07-2025: 1.9%▼ -1.4 percentage points vs 06-2025
08-2025: 1.9%● unchanged vs 07-2025
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 1.9%● unchanged vs 09-2025
11-2025: 1.9%● unchanged vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 0.8%▼ -1.1 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.9%▲ +0.1 percentage points vs 03-2026
05-2026: 0.8%▼ -0.1 percentage points vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026lowest value
07-2026: 1.1%▲ +0.3 percentage points vs 06-2026
08-2026: 1.1%● unchanged vs 07-2026
09-2026: 1.1%● unchanged vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026
11-2026: 1.0%▼ -0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€21,496
Loss of €6,422 (financial year 2025)
lowers risk
Size: total assets €137,488
Founded in 2011
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 47, micro). It does better than 15% of them on solvency, 21% on liquidity, 44% on profitability and 12% 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 low class on 30-06-2025, 0.8% 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, 2,333 companies had the same profile as EMARN has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EMARN itself: 1.0% 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 2,333 companies, not a prediction for EMARN. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.1 (0.11 in 2024), below 1. Short-term debt is 59.3% and cash 3.2% of total assets. Equity is negative.
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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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€21,496
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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 days early
2024
59 days early
2023
65 days early
2022
63 days early
2021
62 days early
2020
61 days early
2019
58 days early
← 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 59 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 30 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: Laura Simon (director)
General meeting of 01-07-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0835463869
Appointment: Laura Simon (director)
General meeting of 01-10-2024 · Gazette deed
New establishment in Thuin
zytho's boat, Rue 't Serstevens 0
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as EMARN: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €113,000 and €140,000, founded between 2010 and 2012.
Official details
Source: KBO- Status
- Active since 13-04-2011Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110and 1 other
- Establishment units
- 2.200.235.3606530 Thuin, since 11-07-2011
- 2.363.249.3056530 Thuin, since 05-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Annual accounts 2025
- ≈ €890,000estimated
- €137,488▼ 8.0%
- Employeeson 31-12-2025
- 4
- Filing
- Filed on 17-06-2026, 44 days before the end of the filing period
Insights on EMARN
EMARN files the micro format. That format states no turnover. The gross margin rose from €2,351 in 2011 to €83,856 in 2025.
The balance sheet grew most from 2023 to 2024 through fixed assets.
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 EMARN
- What is the company number of EMARN?
- The company number of EMARN is 0835.463.869. The VAT number is the same number with BE in front: BE 0835.463.869.
- Where is EMARN based?
- The registered office is at Rue 't Serstevens 30, 6530 Thuin.Company details
- What does EMARN do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of EMARN?
- EMARN is a private limited company (BV).
- When was EMARN founded?
- EMARN was founded on 13-04-2011.
- Is EMARN still active?
- Yes, EMARN is an active enterprise in the KBO register.
- How many employees does EMARN have?
- EMARN had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of EMARN?
- The turnover in financial year 2025 is ≈ €890,000. This figure is estimated from the gross margin of €83,856 and 98 comparable companies (NACE 47110). It probably lies between €620,000 and €1.3m.
- Is EMARN profitable?
- In financial year 2025, EMARN made a loss of €6,422.
- Where can I find the annual accounts of EMARN?
- EMARN filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EMARN due?
- EMARN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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