Equity
-€21,400
Debts exceed assets in financial year 2025.
EMCS
Lifetime
5 annual accounts with figures on one time axispeak €23,417 (2021)
-€1,532▲ €9
lowest -€30,304 (2022)
-€3,015▼ €652
peak €22,565 (2021)
-€21,400▼ €3,015
€22,301▲ 17.5%
Board1 name since 2020
1 directorEL ADDAOUI Said
Documentsfilings and deeds
08-04-2026114 days before the deadline
2025micro format
Loss of €3,015Equity from -€18,385 to -€21,400Debts from €18,973 to €22,301
Key points
from the 2025 annual accountsLosses
-€43,966 in four years
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Position in the sector
-2375.8%
Lower solvency than 95% of companies in advertising and market research. Sector median 53.3% · 8,615 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 9% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.4%● unchanged vs 01-2025
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.4%● unchanged vs 03-2025
05-2025: 1.5%▲ +0.1 percentage points vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 1.3%▼ -0.2 percentage points vs 06-2025
08-2025: 1.3%● unchanged vs 07-2025lowest value
09-2025: 1.3%● unchanged vs 08-2025lowest value
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.4%▲ +0.1 percentage points vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.4%● unchanged vs 03-2026
05-2026: 1.4%● unchanged vs 04-2026
06-2026: 1.4%● unchanged vs 05-2026
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 1.4%● unchanged vs 07-2026
09-2026: 1.4%● unchanged vs 08-2026
10-2026: 1.6%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 1.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€21,400
Loss of €3,015, the second in a row (financial year 2025)
Liquidity: current ratio 0.04
lowers risk
Size: total assets €901
Calculation
The band follows from the bankruptcy probability. 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 73, micro). It does better than 5% of them on solvency, 1% on liquidity, 6% on profitability and 26% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as EMCS has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EMCS itself is lower: 1.6% within 12 months. It rests on far more data about EMCS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for EMCS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€21,400
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 08-04-2026, 114 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
114 days early
2024
38 days early
2023
6 days early
2022
11 days late
2021
19 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 33 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0750531065
Incorporation
Founding capital of €5,000, 100 shares · Founder: EL ADDAOUI Said · Appointment: EL ADDAOUI Said (director) · published on 14-07-2020 · Gazette deed
First establishment
Voldersstraat 32, Mechelen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EMCS Mechelen | €901 | -€1,532 | -2375.8% | - |
| IDA SQUARED Liège | €783 | -€852 | -3316.1% | - |
| THALIA ID Ganshoren | €971 | -€1,617 | -42.5% | - |
| VALVECO Olen | €1,244 | -€601 | -157.6% | - |
| EASTERN BRIDGE Brussels | €798 | -€26,889 | -2806.9% | - |
| J&S CONSULTING Zoersel | €1,271 | -€4,407 | -2107.9% | - |
| THiMANI Ravels | €779 | €1,204 | -870.0% | - |
These companies have the same main activity as EMCS: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €779 and €1,270, founded between 2018 and 2022.
Official details
Source: KBO- Status
- Active since 10-07-2020Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 2 others
- Establishment unit
- 2.304.922.8092800 Mechelen, since 10-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Annual accounts 2025
- €901▲ 53.1%
- Filing
- Filed on 08-04-2026, 114 days before the end of the filing period
Insights on EMCS
EMCS files the micro format. That format states no turnover. The gross margin fell from €23,417 in 2021 to -€1,532 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EMCS
- What is the company number of EMCS?
- The company number of EMCS is 0750.531.065. The VAT number is the same number with BE in front: BE 0750.531.065.
- Where is EMCS based?
- The registered office is at Voldersstraat 32, 2800 Mechelen.Company details
- What does EMCS do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of EMCS?
- EMCS is a private limited company (BV).
- When was EMCS founded?
- EMCS was founded on 10-07-2020.
- Is EMCS still active?
- Yes, EMCS is an active enterprise in the KBO register.
- What is the turnover of EMCS?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is EMCS profitable?
- In financial year 2025, EMCS made a loss of €3,015.
- Where can I find the annual accounts of EMCS?
- EMCS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EMCS due?
- EMCS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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