Equity
-€21,400
Debts exceed assets in financial year 2025.
EMCS
Overview
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
- -€1,532▲ 0.6%
- €3,015▲ 27.6%
- -€21,400▼ 16.4%
- €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.
Financials
Annual accounts 2025
micro format, filed on 08-04-2026, 114 days before the deadline-€1,532
▲ €9
-€2,378
▼ €689
-€3,015
▼ €652
-€21,400
▼ €3,015
-
-
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €901 on 31-12-2025What the company ownsHow it is paid for
in euro
Position in the sector
-
Higher than 7% of 7,365 companies in 2022.
-
Higher than 14% of 7,118 companies in 2022.
-
Lower than 95% of 7,200 companies in 2022.
EMCS
Middle half of the sector
80% of the sector
Micro accounts in advertising and market research (NACE 73)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
901 | 588 | 319 | 13,017 | 39,943 | |
21/28 |
- | - | - | 270 | 773 | |
22/27 |
- | - | - | 270 | 773 | |
24 |
- | - | - | 270 | 773 | |
29/58 |
901 | 588 | 319 | 12,748 | 39,170 | |
40/41 |
901 | 588 | 319 | 10,340 | 36,495 | |
40 |
- | - | - | 6,595 | 11,309 | |
41 |
901 | 588 | 319 | 3,745 | 25,186 | |
54/58 |
- | - | - | - | 294 | |
490/1 |
- | - | - | 2,408 | 2,381 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
901 | 588 | 319 | 13,017 | 39,943 | |
10/15 |
-21,400 | -18,385 | -16,022 | -7,739 | 22,565 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
13 |
17,565 | 17,565 | 17,565 | 17,565 | 17,565 | |
133 |
17,565 | 17,565 | 17,565 | 17,565 | 17,565 | |
14 |
-43,966 | -40,950 | -38,587 | -30,304 | - | |
17/49 |
22,301 | 18,973 | 16,341 | 20,756 | 17,378 | |
42/48 |
22,301 | 18,973 | 16,341 | 20,756 | 17,378 | |
43 |
5,149 | 4,913 | 4,425 | 5,143 | - | |
430/8 |
5,149 | 4,913 | 4,425 | 5,143 | - | |
44 |
224 | 332 | - | 9,551 | 9,759 | |
440/4 |
224 | 332 | - | 9,551 | 9,759 | |
45 |
- | - | 337 | 6,062 | 7,619 | |
450/3 |
- | - | 337 | 6,062 | 7,619 | |
47/48 |
16,928 | 13,729 | 11,579 | - | - | |
| Income statement | ||||||
9900 |
-1,532 | -1,541 | -5,826 | -26,649 | 23,417 | |
630 |
- | - | 270 | 504 | 738 | |
640/8 |
846 | 148 | 523 | 645 | 133 | |
9901 |
-2,378 | -1,689 | -6,619 | -27,798 | 22,546 | |
75/76B |
- | - | 0 | 7 | 1,329 | |
75 |
- | - | 0 | 7 | 1,329 | |
65/66B |
637 | 674 | 1,665 | 2,176 | 1,443 | |
65 |
637 | 674 | 1,665 | 2,176 | 1,443 | |
9903 |
-3,015 | -2,363 | -8,283 | -29,966 | 22,432 | |
67/77 |
- | - | - | 337 | 4,866 | |
9904 |
-3,015 | -2,363 | -8,283 | -30,304 | 17,565 | |
9905 |
-3,015 | -2,363 | -8,283 | -30,304 | 17,565 | |
| Appropriation of the result | ||||||
9906 |
-43,966 | -40,950 | -38,587 | -30,304 | 17,565 | |
14P |
-40,950 | -38,587 | -30,304 | - | - | |
691/2 |
- | - | - | - | 17,565 | |
6921 |
- | - | - | - | 17,565 | |
| Document | ||||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-04-2026 | 2026-00074368 | |
| 31-12-2024 | micro format | 23-06-2025 | 2025-00169242 | |
| 31-12-2023 | micro format | 25-07-2024 | 2024-00288926 | |
| 31-12-2022 | micro format | 11-08-2023 | 2023-00324400 | |
| 31-12-2021 | micro format | 12-07-2022 | 2022-20192782 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| - | - | -6,349 | -27,294 | 23,284 | ||
| - | - | -8,014 | -29,800 | 18,303 | ||
| - | - | 0 | 0 | 1,512 | ||
| -21,400 | -18,385 | -16,022 | -8,008 | 21,792 | ||
| - | - | - | -59.5% | 56.5% | ||
| - | - | - | 0.61 | 2.25 | ||
| - | - | - | - | 0.77 | ||
| - | - | - | - | 77.8% | ||
| - | - | - | -232.8% | 44.0% | ||
| - | - | -3.81 | -12.54 | 16.13 |
The ratios are withheld because a balance sheet total of €901 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €1,512 |
| - | - | €270 | €504 | €738 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on EMCS
The operating result for 2025 is a loss of €2,378, larger than the loss of €1,689 in 2024.
Equity is negative. Debt (€22,301) exceeds the balance-sheet total (€901).
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 14-07-2020
term without a fixed end
listed in the 2025 annual accounts, filed on 08-04-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 11 - Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”deed of 14-07-2020
Mandates through the years
1 name, the dashed line is todayEL ADDAOUI Said
Director
Director
Board
Mandates as a list
- EL ADDAOUI Said
- Director, appointed by deed of 14-07-2020, still in office
Control
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- -€214 in 2025
- Source
- deed of 14-07-2020
Articles of association
deed of 14-07-2020 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of June at 19:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 14-07-2020 ↗
- EL ADDAOUI Said 100 shares (100%) · €5,000
Network & group
No group
EMCS has no parent and no holdings in its annual accounts. EL ADDAOUI Said is the only director. EMCS shares no director with another company.
Timeline
Timeline
9 events since 2020Filings
Financial
Establishments
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 114 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0750531065
Annual accounts 2024 filed PDFmicro format · 38 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 6 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 11 days late
2022
Weakest financial year net -€30,304 The net result drops to -€30,304, the lowest from 2021 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · 19 days before the deadline
2020
IncorporationFounding capital of €5,000, 100 shares · Founder: EL ADDAOUI Said · Appointment: EL ADDAOUI Said (director) · published on 14-07-20206 points ▸
- Founder, EL ADDAOUI Said
- Founding capital, €5,000, 100 shares
- Registered office clause, Voldersstraat 32, 2800 Mechelen
- Board rule, 1
- Director appointment, EL ADDAOUI Said
- Power of attorney, DCPP Accountants BV
- The deed holds 5 more points.
First establishment Voldersstraat 32, Mechelen
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 10 July 2020, EMCS was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 EL ADDAOUI Said is director of the company, appointed by deed of 14-07-2020.2 The company has filed 5 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0750.531.065
- VAT number
- BE 0750.531.065
- Peppol ID
- 0208:0750531065
- Other Peppol ID
- 9925:BE0750531065
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 10-07-2020
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of June at 19:00deed of 14-07-2020 (in Dutch)
- Peppol
- Reachable since 08-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- EMCS in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 14-07-2020 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 14-07-2020 (in Dutch)
Activities
NACEBEL 202573300
Public relations and communication consultancy main activity
Codes under NACEBEL 2008
70210
Activities of head offices; management consultancy activities main activity
70220
Business consulting
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het algemeen management, management activiteiten in de meest uitgebreide vorm zoals - dagelijks bestuur en het management - het evalueren…”deed of 14-07-2020 (in Dutch)
8 activities
- Het algemeen management, management activiteiten in de meest uitgebreide vorm zoals - dagelijks bestuur en het management - het evalueren, uitwerken en implementeren van en advies rond maatregelen en processen - advies en strategy plan - sales en business development - operations plan, kosten reductie, process optimalisatie/ efficiëntie,/redesin/ digitalisering, change management,...
- Het uitvoeren van de taak als interim manager en/of business development manager in tijdelijke opdrachten bij diverse opdrachtgevers
- Het zoeken, selecteren, verwijzen en plaatsen van personeel en in het bijzonder van executives, senior management, digital talent.
- Het aanwerven en detacheren in tijdelijke opdrachten van personeel en in het bijzonder van executives, senior management, digital talent.
- Managementactiviteiten van holdings, tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit of controle over het maatschappelijk vermogen, enz.
- Het aankopen, beheren, verhuren, investeren van en in alle onroerende goederen en alle onroerende rechten.
- Het beheren van beleggingen en van participaties in dochtervennootschappen.
- Het verstrekken van leningen en voorschotten onder eender welke vorm of duur aan alle verbonden ondernemingen of ondernemingen waarin ze een participatie bezit, alsmede het waarborgen van alle verbintenissen van zelfde ondernemingen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Voldersstraat 32 registered office 2800 Mechelen | 10-07-2020 | 2.304.922.809 |
Buildings and parcels at the address
- Ground area
- 317 m²
- Buildings
- 113 m²
- Volume, LiDAR
- 614 m³
- Tallest building
- 7.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12402C0297/00L005 | 317 m² | 1 · 113 m² | 7.2 m · 2 |