EMB Projects
ActiveSummary
The computed 12-month bankruptcy probability of EMB Projects is 6.6% (elevated). The 2025 annual accounts show negative equity (-€21,033) and a net result of -€13,848. Equity is shrinking by about 108% per year across the filed financial years. Its solvency ranks better than 5% of 9,302 sector peers (NACE 41, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 0.2 FTE
- Equity
- -€21,033
- Loss
- -€13,848
Why 32raises riskSector: Construction of residential and non-residential buildings (NACE 41)1 change of registered office in 24 monthsLiquidity: current ratio 0.07lowers riskSize: total assets €36,009Show the evidence
Checked score
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 3% on solvency, 1% on liquidity, 19% on profitability and 2% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 4 accounts on average 30 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Purpose · NameName change · Purpose change…
Financials · financial year 2025, micro format
2022 to 2025, 4 financial years
The operating result stays negative: a loss of €10,897 in 2025 against €9,263 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,007 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 82.9% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 6.6% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,007 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €294 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €1,454 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,740 | €18,084 | €6,929 | €21,216 | ▲ 206% |
| Other operating charges640/8 | €4,316 | €2,917 | €12,744 | €1,599 | ▼ 87.5% |
| Gross operating margin9900 | €38,382 | €14,058 | €10,410 | €13,372 | ▲ 28.5% |
| Operating profit (loss)9901 | €22,326 | -€6,942 | -€9,263 | -€10,897 | ▼ 17.6% |
| Financial income75/76B | - | - | - | €37 | - |
| Recurring financial income75 | - | - | - | €37 | - |
| Financial charges65/66B | €2,116 | €3,534 | €4,497 | €2,865 | ▼ 36.3% |
| Recurring financial charges65 | €2,116 | €3,534 | €4,497 | €2,865 | ▼ 36.3% |
| Profit (loss) for the period before taxes9903 | €20,210 | -€10,476 | -€13,760 | -€13,726 | ▲ 0.2% |
| Income taxes67/77 | €5,769 | €212 | €178 | €122 | ▼ 31.7% |
| Profit (loss) for the period9904 | €14,441 | -€10,688 | -€13,938 | -€13,848 | ▲ 0.6% |
| Profit (loss) for the period to be appropriated9905 | €14,441 | -€10,688 | -€13,938 | -€13,848 | ▲ 0.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €83,053 | €89,756 | €29,628 | €36,009 | ▲ 21.5% |
| Fixed assets21/28 | €71,090 | €81,814 | €23,072 | €32,634 | ▲ 41.4% |
| Tangible fixed assets22/27 | €71,090 | €81,814 | €23,072 | €32,634 | ▲ 41.4% |
| Plant, machinery and equipment23 | - | €1,428 | €1,123 | €1,335 | ▲ 18.9% |
| Furniture and vehicles24 | €71,090 | €80,387 | €21,949 | €31,299 | ▲ 42.6% |
| Current assets29/58 | €11,963 | €7,941 | €6,556 | €3,375 | ▼ 48.5% |
| Amounts receivable within one year40/41 | €2,167 | €3,296 | €6,556 | €2,767 | ▼ 57.8% |
| Trade receivables40 | €1,193 | €3,080 | €2,120 | €1,803 | ▼ 14.9% |
| Other amounts receivable41 | €974 | €216 | €4,436 | €963 | ▼ 78.3% |
| Cash at bank and in hand54/58 | €8,830 | €3,375 | €0 | - | - |
| Deferred charges and accrued income490/1 | €966 | €1,270 | €0 | €608 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €83,053 | €89,756 | €29,628 | €36,009 | ▲ 21.5% |
| Equity10/15 | €17,441 | €6,753 | -€7,185 | -€21,033 | ▼ 193% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €14,441 | €14,441 | €14,441 | €14,441 | = |
| Distributable reserves133 | €14,441 | €14,441 | €14,441 | €14,441 | = |
| Profit (loss) carried forward14 | - | -€10,688 | -€24,626 | -€38,473 | ▼ 56.2% |
| Amounts payable17/49 | €65,612 | €83,003 | €36,813 | €57,041 | ▲ 55.0% |
| Amounts payable after more than one year17 | €42,668 | €49,796 | €18,493 | €9,132 | ▼ 50.6% |
| Financial debts170/4 | €42,668 | €49,796 | €18,493 | €9,132 | ▼ 50.6% |
| Amounts payable within one year42/48 | €22,944 | €33,206 | €18,319 | €47,910 | ▲ 162% |
| Current portion of amounts payable after more than one year42 | €16,165 | €25,862 | €13,046 | €24,149 | ▲ 85.1% |
| Financial debts43 | - | - | €4,816 | €10,194 | ▲ 112% |
| Credit institutions430/8 | - | - | €4,816 | €10,194 | ▲ 112% |
| Trade debts44 | €867 | - | €313 | €349 | ▲ 11.4% |
| Suppliers440/4 | €867 | - | €313 | €349 | ▲ 11.4% |
| Taxes, remuneration and social security45 | €5,769 | €6,669 | €145 | €909 | ▲ 529% |
| Taxes450/3 | €5,769 | €6,669 | €145 | €672 | ▲ 365% |
| Remuneration and social security454/9 | - | - | - | €237 | - |
| Other amounts payable47/48 | €143 | €675 | €0 | €12,309 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,441 | -€10,688 | -€13,938 | -€13,848 | ▲ 0.6% |
| + Depreciation and write-downs630 | €11,740 | €18,084 | €6,929 | €21,216 | ▲ 206% |
| Operating cash flow (approximation) | €26,181 | €7,396 | -€7,009 | €7,368 | - |
| Investment in fixed assets (approximation) | - | -€28,808 | €51,814 | -€30,778 | - |
| Change in cash | - | -€5,455 | -€3,375 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-07-2026 | 2026-00325314 |
| 31-12-2024 | micro format | 15-06-2025 | 2025-00139605 |
| 31-12-2023 | micro format | 08-07-2024 | 2024-00219797 |
| 31-12-2022 | micro format | 18-06-2023 | 2023-00147143 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
10-06
Gazette deed
Purpose · NameName change · Purpose change · Power of attorney5 facts ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders, unanimous” (deed in Dutch)
- Name change, EMB Projects
- Purpose change
- Other provision, 26-05-2025
- Power of attorney, Tuur KENNIS
11-02
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 17-01-2025
- Registered-office move, Gebroeders de Winterstraat 29/4, 2275 Wechelderzande
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0772.489.093
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13047E0258/00L007 | Flanders | 2,428 m² | 1 · 359 m² | 8.6 m |
| 13453O0571/00C000 | Flanders | 277 m² | 1 · 69 m² | 7.8 m · 2 |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “Algemene bouwwerkzaamheden, het bouwrijp maken van terreinen, slopen van gebouwen en grondverzet, proefboren en boren, burgerlijke en…” (deed in Dutch)
22 activities (deed in Dutch)
- Algemene bouwwerkzaamheden, het bouwrijp maken van terreinen, slopen van gebouwen en grondverzet, proefboren en boren, burgerlijke en utiliteitsbouw, weg- en waterbouw.
- Het optrekken van de ruwbouw van gebouwen en de structuur van civieltechnische werken, inclusief het gieten van gewapend beton en het uitvoeren van metselwerken.
- Algemene coördinatie van de werkzaamheden op de bouwwerf
- Bouwen van individuele huizen
- Optrekken van andere residentiële gebouwen en van kantoorgebouwen
- Optrekken van gebouwen voor industrieel of commercieel gebruik en voor landbouwdoeleinden
- Bouwen van tunnels, bruggen en viaducten
- Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen
- Dakbedekking en bouw van dakconstructies
- Verhuur van machines voor de bouwnijverheid met bedieningspersoneel
- Loodgieterij en installatie en onderhoud van verwarmingssystemen, airco’s, warmtepompen enzomeer
- Het coördineren en laten uitvoeren van alle private en openbare bouwwerken van alle aard, dit alles voor zover aan de vestgingsvoorwaarden kan worden voldaan
- Alle overige werkzaamheden in de bouw, waaronder bouwen van funderingen, boren en aanleggen van waterputten, graven van mijnschachten, vlechten van ijzer en aanbrengen van bekisting, uitvoeren van metselwerken, aanbrengen van chape, bouwen van schoorstenen en industriële ovens, bouwen van open haarden, stookplaatsen, sierschouwen, monteren van al dan niet zelf vervaardigde metalen constructies, hijsen en hefwerkzaamheden voor rekening van derden, optrekken en afbreken van steigers en werkplatforms, uitvoeren van voegwerken, bouwen van koelkamers en kluizen, de installatie van verlichtings- en signaleringssystemen voor wegen en spoorwegen, in havens en luchthavens, installatie van stores en zonneschermen, de installatie van lichtreclames en uithangborden, algemene bouwinstallatie, stukadoorswerk, overige werkzaamheden in verband met de afwerking van gebouwen.
- Handel in personenwagens, bedrijfswagens, aanhangswagens, opleggers en caravans.
- Uitbating van een foodtruck
- Verzorgen van catering op evenementen
- Organiseren van evenementen
- Vervaardigen van textiel
- Verkoop van textiel zowel fysiek als online
- Verhuur van wagens en motoren.
- Het beheer, de instandhouding, de exploitatie, de verhuur, het kopen en verkopen van alle soorten onroerende goederen
- Patrimoniumvennootschap, beheer van een roerend en onroerend vermogen
- Name clauseThe name the company operates under according to its articles.
- EMB Projects
Read from the deeds: 2 provisions, deed of 10-06-2025