EMCAP
ActiveSummary
The computed 12-month bankruptcy probability of EMCAP is 3.0% (moderate). The 2025 annual accounts show negative equity (-€629,356) and a net result of -€16,156. Equity is shrinking by ~8.3% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 17 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 1,217 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 1,217 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83,626 | €83,626 | €83,626 | €83,626 | €83,626 | = |
| Other operating charges640/8 | €23,916 | €15,267 | €17,169 | €17,633 | €17,592 | ▼ 0.2% |
| Gross operating margin9900 | €92,339 | €98,410 | €104,955 | €90,546 | €115,552 | ▲ 27.6% |
| Operating profit (loss)9901 | -€15,203 | -€482 | €4,160 | -€10,713 | €14,335 | ▲ 234% |
| Financial charges65/66B | €40,196 | €41,356 | €35,625 | €33,011 | €30,490 | ▼ 7.6% |
| Recurring financial charges65 | €40,196 | €41,356 | €35,625 | €33,011 | €30,490 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | -€55,400 | -€41,838 | -€31,465 | -€43,723 | -€16,156 | ▲ 63.1% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€55,400 | -€41,838 | -€31,465 | -€43,723 | -€16,156 | ▲ 63.1% |
| Profit (loss) for the period to be appropriated9905 | -€55,400 | -€41,838 | -€31,465 | -€43,723 | -€16,156 | ▲ 63.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €937,710 | €848,580 | €764,010 | €678,836 | €596,605 | ▼ 12.1% |
| Fixed assets21/28 | €926,853 | €843,227 | €759,601 | €675,975 | €592,349 | ▼ 12.4% |
| Tangible fixed assets22/27 | €926,853 | €843,227 | €759,601 | €675,975 | €592,349 | ▼ 12.4% |
| Land and buildings22 | €926,853 | €843,227 | €759,601 | €675,975 | €592,349 | ▼ 12.4% |
| Current assets29/58 | €10,857 | €5,353 | €4,409 | €2,861 | €4,256 | ▲ 48.8% |
| Cash at bank and in hand54/58 | €10,181 | €4,625 | €3,600 | €2,034 | €3,424 | ▲ 68.3% |
| Deferred charges and accrued income490/1 | €676 | €728 | €809 | €827 | €832 | ▲ 0.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €937,710 | €848,580 | €764,010 | €678,836 | €596,605 | ▼ 12.1% |
| Equity10/15 | -€496,174 | -€538,012 | -€569,477 | -€613,200 | -€629,356 | ▼ 2.6% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€511,174 | -€553,012 | -€584,477 | -€628,200 | -€644,356 | ▼ 2.6% |
| Amounts payable17/49 | €1.4m | €1.4m | €1.3m | €1.3m | €1.2m | ▼ 5.1% |
| Amounts payable after more than one year17 | €1.1m | €1.1m | €975,507 | €896,168 | €814,204 | ▼ 9.1% |
| Financial debts170/4 | €1.1m | €1.1m | €975,507 | €896,168 | €814,204 | ▼ 9.1% |
| Amounts payable within one year42/48 | €301,581 | €325,111 | €348,809 | €386,704 | €402,601 | ▲ 4.1% |
| Current portion of amounts payable after more than one year42 | €72,165 | €74,769 | €77,467 | €80,263 | €83,159 | ▲ 3.6% |
| Other amounts payable47/48 | €229,416 | €250,342 | €271,342 | €306,442 | €319,442 | ▲ 4.2% |
| Accrued charges and deferred income492/3 | €9,184 | €9,177 | €9,171 | €9,164 | €9,157 | ▼ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€55,400 | -€41,838 | -€31,465 | -€43,723 | -€16,156 | ▲ 63.1% |
| + Depreciation and write-downs630 | €83,626 | €83,626 | €83,626 | €83,626 | €83,626 | = |
| Operating cash flow (approximation) | €28,226 | €41,787 | €52,161 | €39,902 | €67,470 | ▲ 69.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€5,556 | -€1,025 | -€1,566 | €1,389 | ▲ 189% |
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
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.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21911C0142/00V002 | Brussels | 469 m² | 1 · 232 m² | 17.8 m · 5 fl. |
| 21673D0087/00K017 | Brussels | 183 m² | 1 · 76 m² | 16.6 m · 5 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.