EMCA
ActiveSummary
EMCA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €123,173 and a net result of -€34,764. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 79% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-9
Solvency98▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 3.35 against 3.72 in 2023; short-term debt: 25.4% and cash: 39.1% of total assets), and 26.6% of the assets are financed with debt.
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Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024Solvency, return and age of the figures
Solvency
73.4%
Return on assets
-20.7%
Age of the figures
21 mo
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 -€34,764
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
64 d late
2023
105 d late
2022
70 d late
2021
75 d late
2020
111 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 88 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€123,173▼ 22.0%
2023 · €157,938
Total assets
€167,737▼ 21.8%
2023 · €214,556
Net result
-€34,764▼ 107%
2023 · -€16,789
Working capital
€100,279▼ 24.9%
2023 · €133,610
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€28,315▲ 18.3%€17,462▼ 38.3%€23,496▲ 34.6%-€15,025-€34,342▼ 129%
Net result€17,534▼ 2.0%€14,007▼ 20.1%€14,790▲ 5.6%-€16,789-€34,764▼ 107%
Equity€145,930▲ 13.7%€159,937▲ 9.6%€174,727▲ 9.2%€157,938▼ 9.6%€123,173▼ 22.0%
Total assets€210,347▼ 1.2%€233,205▲ 10.9%€248,701▲ 6.6%€214,556▼ 13.7%€167,737▼ 21.8%
Debt€64,417▼ 23.9%€73,268▲ 13.7%€73,974▲ 1.0%€56,618▼ 23.5%€44,564▼ 21.3%
Working capital€110,618▲ 7.7%€125,098▲ 13.1%€146,221▲ 16.9%€133,610▼ 8.6%€100,279▼ 24.9%
Staff (FTE)1=1=1=0.8▼ 20.0%
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 €34,342 in 2024 against €15,025 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €167,737
Fixed assets
€24,780 ▼ 22.1%
Current assets
€142,957 ▼ 21.8%
Equity and liabilities €167,737
Equity
€123,173 ▼ 22.0%
Debt
€44,564 ▼ 21.3%
Debt's share of the balance-sheet total rises from 26.4% to 26.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€27,327▼
2023 · -€8,010
Cash flow
-€27,749▼
2023 · -€9,774
Current ratio
3.35▼
2023 · 3.72
Debt to equity
0.36▲
2023 · 0.36
ROE
-28.2%▼
2023 · -10.6%
ROA
-20.7%▼
2023 · -7.8%
Interest coverage
-59.61▼
2023 · -4.40
Debt ≤ 1 year
€42,678▼
2023 · €49,150
Debt > 1 year
€1,886▼
2023 · €7,468
Staff costs
€2,703▼
2023 · €36,306
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €44,690 | €47,575 | €36,306 | €2,703 | ▼ 92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,143 | €12,873 | €13,050 | €7,015 | €7,015 | = |
| Other operating charges640/8 | - | €1,371 | €1,212 | €9,923 | €993 | ▼ 90.0% |
| Gross operating margin9900 | €75,939 | €76,396 | €85,333 | €38,219 | -€23,631 | ▼ 162% |
| Operating profit (loss)9901 | €28,315 | €17,462 | €23,496 | -€15,025 | -€34,342 | ▼ 129% |
| Financial income75/76B | - | €31 | €0 | €57 | €36 | ▼ 37.7% |
| Recurring financial income75 | €0 | €31 | €0 | €57 | €36 | ▼ 37.7% |
| Financial charges65/66B | - | €724 | €1,145 | €1,822 | €458 | ▼ 74.8% |
| Recurring financial charges65 | €1,190 | €724 | €1,145 | €1,822 | €458 | ▼ 74.8% |
| Profit (loss) for the period before taxes9903 | €27,124 | €16,769 | €22,352 | -€16,789 | -€34,764 | ▼ 107% |
| Income taxes67/77 | €9,590 | €2,762 | €7,563 | €0 | - | - |
| Profit (loss) for the period9904 | €17,534 | €14,007 | €14,790 | -€16,789 | -€34,764 | ▼ 107% |
| Profit (loss) for the period to be appropriated9905 | €17,534 | €14,007 | €14,790 | -€16,789 | -€34,764 | ▼ 107% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €210,347 | €233,205 | €248,701 | €214,556 | €167,737 | ▼ 21.8% |
| Fixed assets21/28 | €38,713 | €53,140 | €41,445 | €31,796 | €24,780 | ▼ 22.1% |
| Tangible fixed assets22/27 | €34,497 | €48,925 | €37,229 | €27,633 | €20,618 | ▼ 25.4% |
| Plant, machinery and equipment23 | - | €48,924 | €36,053 | €653 | €653 | = |
| Furniture and vehicles24 | - | €0 | €1,176 | €26,980 | €19,965 | ▼ 26.0% |
| Financial fixed assets28 | €4,216 | €4,216 | €4,216 | €4,163 | €4,163 | = |
| Current assets29/58 | €171,634 | €180,065 | €207,257 | €182,760 | €142,957 | ▼ 21.8% |
| Stocks and contracts in progress3 | €6,287 | €6,287 | €3,287 | €0 | - | - |
| Stocks30/36 | - | €6,287 | €3,287 | €0 | - | - |
| Amounts receivable within one year40/41 | €26,296 | €50,400 | €60,570 | €50,056 | €49,498 | ▼ 1.1% |
| Trade receivables40 | - | €45,428 | €49,913 | €31,234 | €28,995 | ▼ 7.2% |
| Other amounts receivable41 | - | €4,972 | €10,657 | €18,821 | €20,503 | ▲ 8.9% |
| Current investments50/53 | €27,809 | €27,809 | €27,809 | €27,861 | €27,887 | ▲ 0.1% |
| Cash at bank and in hand54/58 | €110,362 | €95,116 | €115,137 | €104,844 | €65,572 | ▼ 37.5% |
| Deferred charges and accrued income490/1 | - | €453 | €453 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €210,347 | €233,205 | €248,701 | €214,556 | €167,737 | ▼ 21.8% |
| Equity10/15 | €145,930 | €159,937 | €174,727 | €157,938 | €123,173 | ▼ 22.0% |
| Contributions10/11 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Reserves13 | €9,154 | €9,154 | €23,943 | €23,943 | €23,943 | = |
| Non-distributable reserves130/1 | - | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Reserves not available under the articles1311 | - | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Distributable reserves133 | - | €7,279 | €22,068 | €22,068 | €22,068 | = |
| Profit (loss) carried forward14 | €118,026 | €132,034 | €132,034 | €115,244 | €80,480 | ▼ 30.2% |
| Amounts payable17/49 | €64,417 | €73,268 | €73,974 | €56,618 | €44,564 | ▼ 21.3% |
| Amounts payable after more than one year17 | €0 | €18,301 | €12,939 | €7,468 | €1,886 | ▼ 74.7% |
| Financial debts170/4 | - | €18,301 | €12,939 | €7,468 | €1,886 | ▼ 74.7% |
| Amounts payable within one year42/48 | €61,016 | €54,967 | €61,035 | €49,150 | €42,678 | ▼ 13.2% |
| Current portion of amounts payable after more than one year42 | - | €5,255 | €5,362 | €5,471 | €5,582 | ▲ 2.0% |
| Trade debts44 | €35,807 | €35,315 | €40,392 | €33,106 | €34,085 | ▲ 3.0% |
| Suppliers440/4 | - | €35,315 | €40,392 | €33,106 | €34,085 | ▲ 3.0% |
| Taxes, remuneration and social security45 | - | €14,398 | €15,281 | €10,573 | €3,011 | ▼ 71.5% |
| Taxes450/3 | - | €10,088 | €10,485 | €10,573 | €3,011 | ▼ 71.5% |
| Remuneration and social security454/9 | - | €4,310 | €4,796 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,534 | €14,007 | €14,790 | -€16,789 | -€34,764 | ▼ 107% |
| + Depreciation and write-downs630 | €10,143 | €12,873 | €13,050 | €7,015 | €7,015 | = |
| Operating cash flow (approximation) | €27,677 | €26,880 | €27,840 | -€9,774 | -€27,749 | ▼ 184% |
| Investment in fixed assets (approximation) | - | -€27,300 | -€1,354 | €2,634 | €0 | ▼ 100% |
| Change in cash | - | -€15,246 | €20,021 | -€10,293 | -€39,272 | ▼ 282% |
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
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
2024
31-12
Financial
Weakest financial yearnet -€34,764
Net result drops to -€34,764, the lowest in the series.
13-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 105 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Equity above €150,000Eq €159,937 ▲9.6%
4 profitable years in a row build equity to €159,937.
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 111 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Highest result since 2018net €17,887 ▲515%
Net result €17,887, the highest in the series.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Jemeppe-sur-Sambre · 1 establishment unit since 2003
Ground area
2,295 m²
Building footprint
76 m²
Volume, LiDAR
682 m³
Parcel 92068C0479/00F005, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Rue François-Hittelet 156, 5190 Jemeppe-sur-Sambre
since 20032.133.392.462
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92068C0479/00F005 | Wallonia | 2,295 m² | 1 · 76 m² | 10.8 m · 3 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 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,704 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 (pre-2019)
Founded05-11-1996
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43343Specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.