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EMAsphere

Active
Public limited companyfounded 201313 yrs activeRue du Bosquet 9, 1348 Ottignies-Louvain-la-Neuve, BelgiumKBO/BCE: BE 0538.597.349
Summary

The computed 12-month bankruptcy probability of EMAsphere is 2.2% (moderate). The 2025 annual accounts show negative equity (-€2.4m) and a net result of -€767,106. Equity is shrinking by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 187 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
EMAsphereActiveChecked score 51/100
Risk analysis ReportCompare

Overview

Activity
Other software publishing
NACE 58290IT consultancy NACE 62020Computer consultancy and computer facilities management NACE 62200
#3 employer in Walloon Brabant, Publishing and media sector3 sites
Size
€5.5mtotal assets 2025
Staff
44.2 FTE
Equity
-€2.4m
Loss
-€767,106
Financial health
51 Fair Checked score 2025
Bankruptcy chance 12 m
2.2%
Structure
Board
5 members
Accounts on time2 of 22 deeds read
Why 51- Negative equity -€2.4m- Loss of €767,106, the second in a row (FY 2025)- Liquidity: current ratio 1.00, cash €298,824+ Sector Publishing activities (NACE 58)Show the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 11% of its sector peers (NACE 58, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -43.5% of total assets
Liquidity 31-3
short-term debt 51.0% · cash 5.4%
Profitability 9+9
return on assets -13.9%
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (107 companies)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● 0.0% vs 11-2024 01-2025: 0.9%▼ -1.4% vs 12-2024lowest value 02-2025: 0.9%● 0.0% vs 01-2025lowest value 03-2025: 0.9%● 0.0% vs 02-2025lowest value 04-2025: 1.0%▲ +2.2% vs 03-2025 05-2025: 1.0%▲ +1.6% vs 04-2025 06-2025: 1.2%▲ +18.9% vs 05-2025 07-2025: 1.3%▲ +11.0% vs 06-2025 08-2025: 1.6%▲ +23.5% vs 07-2025 09-2025: 2.4%▲ +49.1% vs 08-2025 10-2025: 2.4%● 0.0% vs 09-2025 11-2025: 2.4%● 0.0% vs 10-2025 12-2025: 2.4%● 0.0% vs 11-2025 01-2026: 2.4%● 0.0% vs 12-2025 02-2026: 2.4%● 0.0% vs 01-2026 03-2026: 2.3%▼ -2.1% vs 02-2026 04-2026: 2.3%● 0.0% vs 03-2026 05-2026: 2.3%▲ +0.9% vs 04-2026 06-2026: 2.5%▲ +7.7% vs 05-2026 07-2026: 2.7%▲ +5.1% vs 06-2026highest value 08-2026: 2.2%▼ -16.5% vs 07-2026 09-2026: 2.2%● 0.0% vs 08-2026 10-2026: 2.2%● 0.0% vs 09-2026
  • Negative equity -€2.4m raises the probability
  • Loss of €767,106, the second in a row (FY 2025) raises the probability
  • Sector Publishing activities (NACE 58) lowers the probability
  • Liquidity: current ratio 1.00, cash €298,824 raises the probability
No credit on open account
Liquidity short (current ratio 1.0 against 1.06 in 2024; short-term debt: 51% and cash: 5.4% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 58, small). Better than this share of them on solvency 5%, liquidity 21%, profitability 12%, growth against the median 7%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity -€2.4m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €767,106, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Publishing activities (NACE 58)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Liquidity: current ratio 1.00, cash €298,824
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.4m
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
1 d late
2023
27 d late
2022
17 d late
2021
19 d late
2020
31 d late
2019
35 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% 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 17 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignation: EASEis (personne chargée de la…Appointment: Balo Consulting (personne chargée…
  3. Resignations: PhM Advisory, FINANCIERE DES CYTISES…Permanent representatives: MASSET Philippe Jean…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€2.4m View
  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€767,106 View
  • Caution: Among the weakest 5% on equitysector median €493,214 · 188 companies -€2.4m View
  • Caution: Board changedlatest change 02-07-2026 · 5 in office 5 joined · 6 left View
  • Caution: Equity fell in 2025from -€1.5m to -€2.4m ▼ 65.2% View

By topic

Financials

Fiscal year
2025
Total assets
€5.5m
Loss
-€767,106
Solvency
-43.5%
Turnover▲ 15.1%
Net result
20182022
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 31-07-2026Annual accounts filed
  2. 15-07-2026Resignation: EASEis (personne chargée de la gestion…
  3. 02-07-2026Resignations: PhM Advisory, FINANCIERE DES CYTISES and…
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Other software publishingNACE 58290
Founded
13-09-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

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