EMAZE
ActiveSummary
EMAZE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €264,931. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 50% of 2028 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+10
Solvency72▲+1
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.27 in 2024; short-term debt: 48.8% and cash: 10.2% of total assets), and 52.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.1%
Return on assets
11.4%
Age of the figures
9 mo
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
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
45 d early
2023
47 d early
2022
5 d early
2021
30 d late
2020
1 d early
2019
1 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 12 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.1m▲ 32.0%
2024 · €825,790
Total assets
€2.3m▲ 29.3%
2024 · €1.8m
Net result
€264,931▲ 302%
2024 · €65,888
Working capital
€447,911▲ 92.6%
2024 · €232,503
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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-€15,156€36,640€135,276▲ 269%€116,141▼ 14.1%€397,538▲ 242%
Net result€16,148within the sector's middle half▼ 88.8%€60,494within the sector's middle half▲ 275%€105,337within the sector's middle half▲ 74.1%€65,888within the sector's middle half▼ 37.5%€264,931above the sector's middle half▲ 302%
Equity€917,892above the sector's middle half▼ 6.2%€939,941above the sector's middle half▲ 2.4%€1.0mabove the sector's middle half▲ 11.2%€825,790above the sector's middle half▼ 21.0%€1.1mabove the sector's middle half▲ 32.0%
Total assets€1.5mwithin the sector's middle half▲ 25.2%€1.6mwithin the sector's middle half▲ 7.4%€1.7mwithin the sector's middle half▲ 4.6%€1.8mabove the sector's middle half▲ 6.2%€2.3mabove the sector's middle half▲ 29.3%
Debt€583,508▲ 164%€671,833▲ 15.1%€641,421▼ 4.5%€965,855▲ 50.6%€1.2m▲ 27.0%
Working capital€398,055▼ 18.4%€280,980▼ 29.4%€346,945▲ 23.5%€232,503▼ 33.0%€447,911▲ 92.6%
Solvency61.1%within the sector's middle half▼ 20.4pp58.3%within the sector's middle half▼ 2.8pp62.0%within the sector's middle half▲ 3.7pp46.1%within the sector's middle half▼ 15.9pp47.1%within the sector's middle half▲ 1.0pp
Staff (FTE)9.3within the sector's middle half▲ 24.0%12.2above the sector's middle half▲ 31.2%14.5above the sector's middle half▲ 18.9%18.2above the sector's middle half▲ 25.5%20.4above the sector's middle half▲ 12.1%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 242% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€737,133 ▲ 3.3%
Current assets
€1.6m ▲ 46.5%
Equity and liabilities €2.3m
Equity
€1.1m ▲ 32.0%
Debt
€1.2m ▲ 27.0%
Debt's share of the balance-sheet total falls from 53.9% to 52.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€667,963▲
2024 · €374,423
Cash flow
€535,357▲
2024 · €324,170
Current ratio
1.40▲
2024 · 1.27
Quick ratio
1.04▲
2024 · 0.97
Debt to equity
1.13▼
2024 · 1.17
ROE
24.3%▲
2024 · 8.0%
ROA
11.4%▲
2024 · 3.7%
Interest coverage
15.32▲
2024 · 8.95
Debt ≤ 1 year
€1.1m▲
2024 · €845,584
Income taxes
€90,152▲
2024 · €9,301
Staff costs
€1.8m▲
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 20,082 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €607,763 | €827,549 | €1.2m | €1.5m | €1.8m | ▲ 21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €236,578 | €240,307 | €266,518 | €258,282 | €270,426 | ▲ 4.7% |
| Other operating charges640/8 | €2,390 | €4,739 | €3,707 | €5,201 | €4,337 | ▼ 16.6% |
| Non-recurring operating charges66A | - | - | €0 | - | - | - |
| Gross operating margin9900 | €831,576 | €1.1m | €1.6m | €1.9m | €2.5m | ▲ 32.5% |
| Operating profit (loss)9901 | -€15,156 | €36,640 | €135,276 | €116,141 | €397,538 | ▲ 242% |
| Financial income75/76B | €39,432 | €38,515 | €179 | €902 | €1,145 | ▲ 26.9% |
| Recurring financial income75 | €38,518 | €38,515 | €179 | €902 | €1,145 | ▲ 26.9% |
| Non-recurring financial income76B | €915 | - | - | - | - | - |
| Financial charges65/66B | €5,400 | €6,945 | €17,499 | €41,855 | €43,600 | ▲ 4.2% |
| Recurring financial charges65 | €5,400 | €6,945 | €17,499 | €41,855 | €43,600 | ▲ 4.2% |
| Profit (loss) for the period before taxes9903 | €18,877 | €68,210 | €117,957 | €75,189 | €355,083 | ▲ 372% |
| Income taxes67/77 | €2,728 | €7,716 | €12,620 | €9,301 | €90,152 | ▲ 869% |
| Profit (loss) for the period9904 | €16,148 | €60,494 | €105,337 | €65,888 | €264,931 | ▲ 302% |
| Profit (loss) for the period to be appropriated9905 | €16,148 | €60,494 | €105,337 | €65,888 | €264,931 | ▲ 302% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.6m | €1.7m | €1.8m | €2.3m | ▲ 29.3% |
| Fixed assets21/28 | €550,772 | €712,576 | €754,098 | €713,558 | €737,133 | ▲ 3.3% |
| Intangible fixed assets21 | €402,698 | €514,438 | €544,715 | €545,700 | €603,136 | ▲ 10.5% |
| Tangible fixed assets22/27 | €129,194 | €184,258 | €205,583 | €164,058 | €125,997 | ▼ 23.2% |
| Land and buildings22 | €4,934 | €3,396 | €5,553 | €12,449 | €10,208 | ▼ 18.0% |
| Plant, machinery and equipment23 | €97,229 | €112,568 | €136,700 | €108,193 | €88,065 | ▼ 18.6% |
| Furniture and vehicles24 | €27,032 | €68,294 | €63,329 | €43,416 | €27,725 | ▼ 36.1% |
| Financial fixed assets28 | €18,880 | €13,880 | €3,800 | €3,800 | €8,000 | ▲ 111% |
| Current assets29/58 | €950,627 | €899,199 | €932,601 | €1.1m | €1.6m | ▲ 46.5% |
| Stocks and contracts in progress3 | €199,740 | €252,914 | €259,603 | €259,032 | €402,908 | ▲ 55.5% |
| Stocks30/36 | €199,740 | €252,914 | €259,603 | €259,032 | €402,908 | ▲ 55.5% |
| Amounts receivable within one year40/41 | €648,080 | €489,808 | €423,820 | €604,630 | €921,183 | ▲ 52.4% |
| Trade receivables40 | €450,425 | €481,814 | €423,820 | €604,630 | €919,777 | ▲ 52.1% |
| Other amounts receivable41 | €197,655 | €7,994 | - | - | €1,406 | - |
| Cash at bank and in hand54/58 | €78,423 | €108,226 | €187,077 | €167,312 | €236,071 | ▲ 41.1% |
| Deferred charges and accrued income490/1 | €24,384 | €48,251 | €62,101 | €47,113 | €19,066 | ▼ 59.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.6m | €1.7m | €1.8m | €2.3m | ▲ 29.3% |
| Equity10/15 | €917,892 | €939,941 | €1.0m | €825,790 | €1.1m | ▲ 32.0% |
| Contributions10/11 | €14,000 | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Reserves13 | €865,448 | €925,941 | €1.0m | €811,790 | €1.1m | ▲ 32.5% |
| Distributable reserves133 | €865,448 | €925,941 | €1.0m | €811,790 | €1.1m | ▲ 32.5% |
| Investment grants15 | €38,444 | - | - | - | - | - |
| Amounts payable17/49 | €583,508 | €671,833 | €641,421 | €965,855 | €1.2m | ▲ 27.0% |
| Amounts payable within one year42/48 | €552,572 | €618,218 | €585,656 | €845,584 | €1.1m | ▲ 33.8% |
| Financial debts43 | - | €100,000 | €50,000 | - | - | - |
| Credit institutions430/8 | - | €100,000 | €50,000 | - | - | - |
| Trade debts44 | €54,232 | €88,539 | €76,975 | €82,312 | €162,466 | ▲ 97.4% |
| Suppliers440/4 | €54,232 | €88,539 | €76,975 | €82,312 | €162,466 | ▲ 97.4% |
| Taxes, remuneration and social security45 | €114,506 | €204,233 | €225,637 | €251,176 | €437,671 | ▲ 74.2% |
| Taxes450/3 | €12,485 | €68,937 | €107,036 | €94,363 | €169,517 | ▲ 79.6% |
| Remuneration and social security454/9 | €102,022 | €135,295 | €118,601 | €156,812 | €268,153 | ▲ 71.0% |
| Other amounts payable47/48 | €383,834 | €225,447 | €233,045 | €512,097 | €531,180 | ▲ 3.7% |
| Accrued charges and deferred income492/3 | €30,936 | €53,615 | €55,765 | €120,271 | €95,156 | ▼ 20.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,148 | €60,494 | €105,337 | €65,888 | €264,931 | ▲ 302% |
| + Depreciation and write-downs630 | €236,578 | €240,307 | €266,518 | €258,282 | €270,426 | ▲ 4.7% |
| Operating cash flow (approximation) | €252,727 | €300,801 | €371,854 | €324,170 | €535,357 | ▲ 65.1% |
| Investment in fixed assets (approximation) | - | -€402,111 | -€308,039 | -€217,742 | -€294,001 | ▼ 35.0% |
| Change in cash | - | €29,803 | €78,851 | -€19,765 | €68,758 | ▲ 448% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €264,931 ▲302%
Operating result €397,538, net result €264,931, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲32%
8 profitable years in a row build equity to €1.1m.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1mEq €1.0m ▲11.2%
6 profitable years in a row build equity to €1.0m.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €4,601 ▼94.8%
Net result drops to €4,601, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Gent · 1 establishment unit since 2006
Ground area
210 m²
Building footprint
188 m²
Volume, LiDAR
1,277 m³
Parcel 44082C0452/00F002, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Emaze
since 20062.155.052.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082C0452/00F002 | Flanders | 210 m² | 1 · 188 m² | 10.0 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.
Structure & network
Owners and holdings
1 ownerOwners 1
- Joost Verschuerenatural personSourceown accounts 2021100%
Holdings 0
The accounts to 31-12-2021 list no holdings, and no other source names one.
According to the 2021 annual accounts of EMAZE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 36,346 EUR awarded · 37,029 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 6,661 EUR | 7,500 EUR |
| 2024 | 3 | 15,427 EUR | 14,589 EUR |
| 2023 | 1 | 6,818 EUR | 7,500 EUR |
| 2022 | 1 | 7,440 EUR | 7,440 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
699400ATXACQ2P5Q6U17
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 3,294 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
Founded12-06-2006
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881880250
Also
9925:BE0881880250
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.