EMATI
ActiveSummary
EMATI has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,178 and a net result of -€2,984. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 90% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-21
Solvency100▲+34
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.41 against 0.86 in 2024; short-term debt: 13.3% and cash: 2.2% of total assets), and 15.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
84.3%
Return on assets
-16.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,984
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
55 d late
2024
3 d early
2023
33 d early
2022
6 d early
2021
3 d early
2020
15 d early
2019
3 d early
← 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 1 day before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€15,178▼ 16.4%
2024 · €18,162
Total assets
€17,997▼ 59.4%
2024 · €44,374
Net result
-€2,984▲ 59.5%
2024 · -€7,359
Working capital
€3,364
2024 · -€3,659
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
Line20212022202320242025
Operating result-€2,415€6,606€34,312▲ 419%-€6,607-€2,943▲ 55.5%
Net result-€4,021below the sector's middle half€3,799below the sector's middle half€24,987above the sector's middle half▲ 558%-€7,359below the sector's middle half-€2,984within the sector's middle half▲ 59.5%
Equity€13,735within the sector's middle half▼ 22.6%€17,534below the sector's middle half▲ 27.7%€25,521within the sector's middle half▲ 45.6%€18,162within the sector's middle half▼ 28.8%€15,178within the sector's middle half▼ 16.4%
Total assets€48,327below the sector's middle half▲ 108%€50,240below the sector's middle half▲ 4.0%€68,966within the sector's middle half▲ 37.3%€44,374below the sector's middle half▼ 35.7%€17,997below the sector's middle half▼ 59.4%
Debt€34,593▲ 533%€32,707▼ 5.5%€43,445▲ 32.8%€26,213▼ 39.7%€2,819▼ 89.2%
Working capital-€128-€12,976▼ 10,012%-€1,043▲ 92.0%-€3,659▼ 251%€3,364
Solvency28.4%within the sector's middle half▼ 48.0pp34.9%within the sector's middle half▲ 6.5pp37.0%within the sector's middle half▲ 2.1pp40.9%within the sector's middle half▲ 3.9pp84.3%above the sector's middle half▲ 43.4pp
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,943 in 2025 against €6,607 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17,997
Fixed assets
€12,241 ▼ 45.0%
Current assets
€5,757 ▼ 74.0%
Equity and liabilities €17,997
Equity
€15,178 ▼ 16.4%
Debt
€2,819 ▼ 89.2%
Debt's share of the balance-sheet total falls from 59.1% to 15.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€489▼
2024 · €3,497
Cash flow
-€530▼
2024 · €2,744
Current ratio
2.41▲
2024 · 0.86
Debt to equity
0.19▼
2024 · 1.44
ROE
-19.7%▲
2024 · -40.5%
ROA
-16.6%=
2024 · -16.6%
Interest coverage
-0.44▼
2024 · 2.54
Debt ≤ 1 year
€2,393▼
2024 · €25,776
Income taxes
€1,206▲
2024 · €264
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
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 0.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 4,815 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,278 | €7,693 | €10,103 | €10,103 | €2,454 | ▼ 75.7% |
| Other operating charges640/8 | €1,406 | €1,664 | €2,804 | €1,993 | €5,508 | ▲ 176% |
| Gross operating margin9900 | €6,269 | €15,964 | €47,219 | €5,490 | €5,018 | ▼ 8.6% |
| Operating profit (loss)9901 | -€2,415 | €6,606 | €34,312 | -€6,607 | -€2,943 | ▲ 55.5% |
| Financial income75/76B | €785 | €1,866 | €78 | €887 | €2,280 | ▲ 157% |
| Recurring financial income75 | €785 | €1,866 | €78 | €887 | €2,280 | ▲ 157% |
| Financial charges65/66B | €2,200 | €2,507 | €3,852 | €1,375 | €1,114 | ▼ 19.0% |
| Recurring financial charges65 | €2,200 | €2,507 | €3,852 | €1,375 | €1,114 | ▼ 19.0% |
| Profit (loss) for the period before taxes9903 | -€3,831 | €5,965 | €30,538 | -€7,095 | -€1,778 | ▲ 74.9% |
| Income taxes67/77 | €189 | €2,166 | €5,551 | €264 | €1,206 | ▲ 356% |
| Profit (loss) for the period9904 | -€4,021 | €3,799 | €24,987 | -€7,359 | -€2,984 | ▲ 59.5% |
| Profit (loss) for the period to be appropriated9905 | -€4,021 | €3,799 | €24,987 | -€7,359 | -€2,984 | ▲ 59.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,327 | €50,240 | €68,966 | €44,374 | €17,997 | ▼ 59.4% |
| Fixed assets21/28 | €29,823 | €41,472 | €32,360 | €22,257 | €12,241 | ▼ 45.0% |
| Tangible fixed assets22/27 | €29,823 | €41,472 | €32,360 | €22,257 | €12,241 | ▼ 45.0% |
| Plant, machinery and equipment23 | €0 | €1,565 | €1,628 | €700 | €1 | ▼ 99.9% |
| Furniture and vehicles24 | €29,823 | €22,403 | €14,983 | €7,562 | - | - |
| Other tangible fixed assets26 | - | €17,504 | €15,749 | €13,994 | €12,240 | ▼ 12.5% |
| Current assets29/58 | €18,504 | €8,768 | €36,606 | €22,118 | €5,757 | ▼ 74.0% |
| Amounts receivable within one year40/41 | €1,645 | €1,617 | €1,403 | €15,829 | €5,314 | ▼ 66.4% |
| Trade receivables40 | €952 | - | - | €14,925 | €131 | ▼ 99.1% |
| Other amounts receivable41 | €693 | €1,617 | €1,403 | €904 | €5,184 | ▲ 474% |
| Cash at bank and in hand54/58 | €16,520 | €6,050 | €34,840 | €5,948 | €392 | ▼ 93.4% |
| Deferred charges and accrued income490/1 | €339 | €1,101 | €363 | €340 | €51 | ▼ 85.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,327 | €50,240 | €68,966 | €44,374 | €17,997 | ▼ 59.4% |
| Equity10/15 | €13,735 | €17,534 | €25,521 | €18,162 | €15,178 | ▼ 16.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | - | - | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €5,680 | €9,479 | €17,466 | €10,107 | €7,123 | ▼ 29.5% |
| Amounts payable17/49 | €34,593 | €32,707 | €43,445 | €26,213 | €2,819 | ▼ 89.2% |
| Amounts payable after more than one year17 | €15,960 | €10,962 | €5,797 | €436 | - | - |
| Financial debts170/4 | €15,960 | €10,962 | €5,797 | €436 | - | - |
| Amounts payable within one year42/48 | €18,633 | €21,745 | €37,649 | €25,776 | €2,393 | ▼ 90.7% |
| Current portion of amounts payable after more than one year42 | €4,797 | €4,998 | €5,534 | €5,360 | €456 | ▼ 91.5% |
| Trade debts44 | €5,862 | €13,593 | €6,298 | €2,438 | €731 | ▼ 70.0% |
| Suppliers440/4 | €5,862 | €13,593 | €6,298 | €2,438 | €731 | ▼ 70.0% |
| Taxes, remuneration and social security45 | €189 | €2,166 | €8,817 | €5,880 | €1,206 | ▼ 79.5% |
| Taxes450/3 | €189 | €2,166 | €7,717 | €5,880 | €1,206 | ▼ 79.5% |
| Remuneration and social security454/9 | - | - | €1,100 | - | - | - |
| Other amounts payable47/48 | €7,785 | €988 | €17,000 | €12,098 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €427 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,021 | €3,799 | €24,987 | -€7,359 | -€2,984 | ▲ 59.5% |
| + Depreciation and write-downs630 | €7,278 | €7,693 | €10,103 | €10,103 | €2,454 | ▼ 75.7% |
| Operating cash flow (approximation) | €3,257 | €11,492 | €35,090 | €2,744 | -€530 | ▼ 119% |
| Investment in fixed assets (approximation) | - | -€19,342 | -€991 | €0 | €7,562 | - |
| Change in cash | - | -€10,470 | €28,789 | -€28,891 | -€5,557 | ▲ 80.8% |
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
Next filing, fiscal year 2026, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 55 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 2.41
Current ratio from 0.86 to 2.41; short-term debt falls from €25,776 to €2,393.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €24,987 ▲558%
Operating result €34,312, net result €24,987, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €3,799
Net result €3,799 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €13,570
Net result €13,570 after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 5.02
Current ratio from 1.17 to 5.02; short-term debt falls from €24,290 to €4,623.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€25,148
Net result drops to -€25,148, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Antwerpen · 1 establishment unit since 2011
Ground area
535 m²
Building footprint
249 m²
Volume, LiDAR
5,831 m³
Parcel 11806F1341/00G016, Flanders · tallest building 31.1 m, ±9 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Emati
since 20112.206.066.446
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1341/00G016 | Flanders | 535 m² | 1 · 249 m² | 31.1 m · 9 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.
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Of 899 companies in sector 47242 we hold annual accounts for 340. 243 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
Founded28-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47242Retail sale of chocolate and confectionery
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840822229
Also
9925:BE0840822229
Registered
06-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.