EMCO
ActiveSummary
EMCO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €155,339 and a net result of -€58,378. Equity is shrinking by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-79
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 28.95 against 40.32 in 2024; short-term debt: 1.8% and cash: 50.2% of total assets), and 1.8% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 2025Solvency, return and age of the figures
Solvency
98.2%
Return on assets
-36.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-01-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
49 d early
2023
21 d early
2022
25 d early
2021
39 d early
2020
3 d early
2019
3 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 23 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€155,339▼ 68.9%
2024 · €499,431
Total assets
€158,225▼ 68.9%
2024 · €509,393
Net result
-€58,378
2024 · €43,177
Working capital
€80,663▼ 79.4%
2024 · €391,665
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€110,278▼ 2.3%€53,105▼ 51.8%€59,254▲ 11.6%€51,368▼ 13.3%-€56,928
Net result€82,617above the sector's middle half▲ 6.3%€40,073within the sector's middle half▼ 51.5%€52,217within the sector's middle half▲ 30.3%€43,177within the sector's middle half▼ 17.3%-€58,378below the sector's middle half
Equity€761,630above the sector's middle half▲ 12.2%€405,703above the sector's middle half▼ 46.7%€457,920above the sector's middle half▲ 12.9%€499,431above the sector's middle half▲ 9.1%€155,339within the sector's middle half▼ 68.9%
Total assets€784,130above the sector's middle half▲ 12.1%€419,585within the sector's middle half▼ 46.5%€479,203within the sector's middle half▲ 14.2%€509,393above the sector's middle half▲ 6.3%€158,225within the sector's middle half▼ 68.9%
Debt€22,500▲ 11.5%€13,882▼ 38.3%€21,283▲ 53.3%€9,962▼ 53.2%€2,885▼ 71.0%
Working capital€726,027▲ 16.5%€186,995▼ 74.2%€114,094▼ 39.0%€391,665▲ 243%€80,663▼ 79.4%
Solvency97.1%above the sector's middle half=96.7%above the sector's middle half▼ 0.4pp95.6%above the sector's middle half▼ 1.1pp98.0%above the sector's middle half▲ 2.5pp98.2%above the sector's middle half▲ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €56,928 after €51,368 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158,225
Fixed assets
€74,677 ▼ 30.7%
Current assets
€83,548 ▼ 79.2%
Equity and liabilities €158,225
Equity
€155,339 ▼ 68.9%
Debt
€2,885 ▼ 71.0%
Debt's share of the balance-sheet total falls from 2.0% to 1.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€28,915▼
2024 · €87,427
Cash flow
-€30,364▼
2024 · €79,237
Current ratio
28.95▼
2024 · 40.32
Debt to equity
0.02▼
2024 · 0.02
ROE
-37.6%▼
2024 · 8.6%
ROA
-36.9%▼
2024 · 8.5%
Interest coverage
-172.11▼
2024 · 610.95
Debt ≤ 1 year
€2,885▼
2024 · €9,962
Income taxes
€1,553▼
2024 · €14,860
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 5,836 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €25,000 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,162 | €16,671 | €19,271 | €36,059 | €28,013 | ▼ 22.3% |
| Other operating charges640/8 | - | €2,174 | €1,831 | €2,329 | €2,854 | ▲ 22.5% |
| Non-recurring operating charges66A | - | - | - | - | €5,076 | - |
| Gross operating margin9900 | €133,740 | €71,950 | €80,356 | €89,756 | -€20,985 | ▼ 123% |
| Operating profit (loss)9901 | €110,278 | €53,105 | €59,254 | €51,368 | -€56,928 | ▼ 211% |
| Financial income75/76B | - | €12,500 | €10,004 | €6,813 | €271 | ▼ 96.0% |
| Recurring financial income75 | €31 | €12,500 | €10,004 | €6,813 | €271 | ▼ 96.0% |
| Financial charges65/66B | - | €368 | €138 | €143 | €168 | ▲ 17.4% |
| Recurring financial charges65 | €452 | €368 | €138 | €143 | €168 | ▲ 17.4% |
| Profit (loss) for the period before taxes9903 | €109,857 | €65,237 | €69,120 | €58,037 | -€56,824 | ▼ 198% |
| Income taxes67/77 | €27,240 | €25,164 | €16,903 | €14,860 | €1,553 | ▼ 89.5% |
| Profit (loss) for the period9904 | €82,617 | €40,073 | €52,217 | €43,177 | -€58,378 | ▼ 235% |
| Transfer from tax-exempt reserves789 | - | €56,250 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €82,617 | €96,323 | €52,217 | €43,177 | -€58,378 | ▼ 235% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €784,130 | €419,585 | €479,203 | €509,393 | €158,225 | ▼ 68.9% |
| Fixed assets21/28 | €35,879 | €219,208 | €343,826 | €107,766 | €74,677 | ▼ 30.7% |
| Tangible fixed assets22/27 | €35,879 | €19,208 | €143,826 | €107,766 | €74,677 | ▼ 30.7% |
| Land and buildings22 | - | €19,208 | €9,493 | €2,211 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | €3,629 | €2,865 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €0 | €130,703 | €102,690 | €74,677 | ▼ 27.3% |
| Financial fixed assets28 | - | €200,000 | €200,000 | €0 | - | - |
| Current assets29/58 | €748,251 | €200,377 | €135,377 | €401,627 | €83,548 | ▼ 79.2% |
| Amounts receivable within one year40/41 | €222,763 | €18,222 | €19,625 | €21,871 | €3,833 | ▼ 82.5% |
| Trade receivables40 | - | €18,023 | €13,331 | €20,966 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €199 | €6,294 | €905 | €3,833 | ▲ 323% |
| Cash at bank and in hand54/58 | €523,044 | €177,215 | €110,993 | €377,441 | €79,406 | ▼ 79.0% |
| Deferred charges and accrued income490/1 | - | €4,940 | €4,759 | €2,314 | €309 | ▼ 86.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €784,130 | €419,585 | €479,203 | €509,393 | €158,225 | ▼ 68.9% |
| Equity10/15 | €761,630 | €405,703 | €457,920 | €499,431 | €155,339 | ▼ 68.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €359,073 | €399,503 | €451,720 | €493,231 | €149,477 | ▼ 69.7% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €399,503 | €451,720 | €493,231 | €149,477 | ▼ 69.7% |
| Profit (loss) carried forward14 | €357 | €0 | - | €0 | -€337 | - |
| Amounts payable17/49 | €22,500 | €13,882 | €21,283 | €9,962 | €2,885 | ▼ 71.0% |
| Amounts payable within one year42/48 | €22,224 | €13,382 | €21,283 | €9,962 | €2,885 | ▼ 71.0% |
| Trade debts44 | €1,341 | €4,905 | €17,723 | €2,620 | €1,772 | ▼ 32.4% |
| Suppliers440/4 | - | €4,905 | €17,723 | €2,620 | €1,772 | ▼ 32.4% |
| Taxes, remuneration and social security45 | - | €4,917 | €438 | €5,676 | €1,114 | ▼ 80.4% |
| Taxes450/3 | - | €4,417 | €438 | €5,676 | €1,114 | ▼ 80.4% |
| Remuneration and social security454/9 | - | €500 | €0 | - | - | - |
| Other amounts payable47/48 | - | €3,560 | €3,122 | €1,666 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €500 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82,617 | €40,073 | €52,217 | €43,177 | -€58,378 | ▼ 235% |
| + Depreciation and write-downs630 | €21,162 | €16,671 | €19,271 | €36,059 | €28,013 | ▼ 22.3% |
| Operating cash flow (approximation) | €103,778 | €56,743 | €71,488 | €79,237 | -€30,364 | ▼ 138% |
| Investment in fixed assets (approximation) | - | -€200,000 | -€143,889 | €200,000 | €5,076 | ▼ 97.5% |
| Change in cash | - | -€345,829 | -€66,222 | €266,449 | -€298,035 | ▼ 212% |
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
08-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€58,378
Net result drops to -€58,378, the lowest in the series.
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Liquidity times 6current ratio 40.32
Current ratio from 6.36 to 40.32; short-term debt falls from €21,283 to €9,962.
10-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
11-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
01-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kruisem · 1 establishment unit since 2002
Ground area
2,664 m²
Building footprint
121 m²
Volume, LiDAR
394 m³
Parcel 45031A0317/00E000, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Nokeredorpstraat(NOK) 61, 9771 Kruisem
since 20022.114.421.440
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45031A0317/00E000 | Flanders | 2,664 m² | 1 · 121 m² | 5.8 m · 1 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 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,783 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
Founded11-06-2002
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
70100Activities of head offices
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477739054
Also
9925:BE0477739054
Registered
06-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.