EMAX
ActiveEMAX has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13k and a net result of €-7k. Equity is shrinking by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 57% of 541 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency70▼-19
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 2.11 in 2023; short-term debt: 50.5% and cash: 21.8% of total assets), and 54.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
45.4%
Return on assets
-25.7%
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 31
Relative position
BE, all sectors
reference
Sector 31
higher
← 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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-7k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
8 d late
2022
10 d late
2021
5 d late
2020
1 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€13k▼ 36.1%
2023 · €20k
2018: €31k
2019: €41k
2020: €41k
2021: €35k
2022: €40k
2023: €20k
2018 → 2024
Total assets
€28k▼ 10.3%
2023 · €31k
2018: €42k
2019: €50k
2020: €81k
2021: €62k
2022: €46k
2023: €31k
2018 → 2024
Net result
€-7k▲ 63.5%
2023 · €-20k
2018: €10k
2019: €10k
2020: €27k
2021: €14k
2022: €5k
2023: €-20k
2018 → 2024
Working capital
€5k▼ 54.0%
2023 · €11k
2018: €20k
2019: €30k
2020: €31k
2021: €26k
2022: €30k
2023: €11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€41k-€35k▼ 13.5%€40k▲ 13.3%€20k▼ 49.8%€13k▼ 36.1%
Operating result€29k-€19k▼ 34.5%€10k▼ 46.9%€-16k€-4k▲ 72.7%
Net result€27k-€14k▼ 48.7%€5k▼ 60.4%€-20k€-7k▲ 63.5%
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 €4k in 2024 against €16k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €28k
Fixed assets
€9k▼ 11.0%
Current assets
€19k▼ 10.0%
Equity and liabilities €28k
Equity
€13k▼ 36.1%
Provisions
€1k=
Debt
€14k▲ 39.1%
The debt ratio rises from 32.6% to 50.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▲
2023 · €-15k
Cash flow
€-6k▲
2023 · €-19k
Solvency
45.4%▼
2023 · 63.8%
Current ratio
1.37▼
2023 · 2.11
Quick ratio
1.37▼
2023 · 2.11
Debt / equity
1.11▲
2023 · 0.51
ROE
-56.6%▲
2023 · -99.1%
ROA
-25.7%▲
2023 · -63.2%
Interest coverage
-1.25▲
2023 · -7.85
Debt
€14k▲
2023 · €10k
Debt ≤ 1 year
€14k▲
2023 · €10k
Income taxes
€238▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€31k€28k▼
Fixed assets21/28€10k€9k▼
Tangible fixed assets22/27€2k€1k▼
Land and buildings22€1k€550▼
Plant, machinery and equipment23€1k€614▼
Financial fixed assets28€8k€8k=
Current assets29/58€22k€19k▼
Amounts receivable within one year40/41€16k€13k▼
Trade receivables40€10k€7k▼
Other amounts receivable41€7k€6k▼
Cash at bank and in hand54/58€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€31k€28k▼
Equity10/15€20k€13k▼
Reserves13€36k€36k=
Distributable reserves133€36k€36k=
Profit (loss) carried forward14€-16k€-23k▼
Provisions and deferred taxes16€1k€1k=
Provisions for liabilities and charges160/5€1k€1k=
Other liabilities and charges164/5€1k€1k=
Amounts payable17/49€10k€14k▲
Amounts payable within one year42/48€10k€14k▲
Current portion of amounts payable after more than one year42€916€1k▲
Financial debts43€4k€9k▲
Credit institutions430/8€4k€9k▲
Trade debts44€1k€558▼
Suppliers440/4€1k€558▼
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€3k€3k▼
Remuneration and social security454/9€1k€1k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€115€220▲
Other operating charges640/8€493€836▲
Gross operating margin9900€-14k€-2k▲
Operating profit (loss)9901€-16k€-4k▲
Financial income75/76B€124€151▲
Recurring financial income75€124€151▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-18k€-7k▲
Income taxes67/77€2k€238▼
Profit (loss) for the period9904€-20k€-7k▲
Transfer from tax-exempt reserves789€4k-
Profit (loss) for the period to be appropriated9905€-16k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-23k▼
Profit (loss) brought forward from the previous period14P-€-16k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Weakest financial yearnet €-20k ▼462%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 6.61
Current ratio from 2.01 to 6.61; short-term debt falls from €26k to €5k.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €27k ▲171%
Operating result €29k, net result €27k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Malle · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kasteellaan 52390 MalleGround area
390 m²
Building footprint
125 m²
Volume, LiDAR
774 m³
Parcel 11049A0748/00N000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EMAX
since 20062.158.954.140
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049A0748/00N000 | Flanders | 390 m² | 1 · 125 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
RUBEX Co
BE 0473.370.787
Herzele · Eq €12k
Ciclé
BE 1025.896.051
Moorslede · Eq €12k
B INTERIOR
BE 0881.755.239
Messancy · Eq €12k
MARX
BE 0542.789.729
Oostrozebeke · Eq €14k
TROUILLIEZ
BE 0446.911.167
Kontich · Eq €15k
Of 619 companies in sector 31002 we hold annual accounts for 349. 132 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2006
Fiscal year end31-12
Activities, NACEBEL
31002Manufacture of furniture
46431Wholesale of electrical household appliances and audio-video equipment
47551Retail sale of household furniture
47591Retail trade
52441
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.