Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for EMD according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €135k and a net result of €862.
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events16-04-2025
Bankruptcy
Opening
Trust signals
1 signalOpen bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
0 events
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€862-91.8%
Working capital€52k+7.0%
Directors1
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 29-04-2024 with the NBB · fiscal year 2023 · verkort
Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 22.1% | 34.0% | |
| Net result | €862 | €29k | |
| Equity | €135k | €129k | |
| Gross operating margin | €220k | €199k | |
| Staff costs | €196k | €210k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€19k
-36.5%
+90% vs sector
€862
-91.8%
far above sector median
€10k
-52.6%
+8% vs sector
€613k
-20.1%
+179% vs sector
€135k
+0.6%
≈ vs sector
€52k
+7.0%
-21% vs sector
3
+3.8%
-43% vs sector
€196k
+15.1%
-14% vs sector
€3k
-54.4%
+70% vs sector
€478k
-24.5%
far above sector median
€464k
-24.3%
far above sector median
€0
-100.0%
-100% vs sector
1.11
+3.0%
-27% vs sector
0.28
-48.0%
-78% vs sector
22.1%
+26.0%
-64% vs sector
3.53
-25.0%
far above sector median
0.6%
-91.8%
far above sector median
0.1%
-89.7%
far above sector median
2.31
-64.9%
-74% vs sector
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €19k |
| Net profit | €862 |
| Cash flow | €10k |
| Staff costs | €196k |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €613k |
| Equity | €135k |
| Debt | €478k |
| of which ≤ 1y | €464k |
| of which > 1y | €0 |
| Working capital | €52k |
| Employees (FTE) | 2.7 |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 1.11 |
| Quick ratio | 0.28 |
| Working capital ratio | 8.4% |
| Solvency | 22.1% |
| Debt / equity | 3.53 |
| Long-term debt ratio | 0.00 |
| Interest coverage | 2.31 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.1% |
| ROE | 0.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €613k |
| Fixed assets | 21/28 | €97k |
| Tangible fixed assets | 22/27 | €96k |
| Financial fixed assets | 28 | €1k |
| Current assets | 29/58 | €516k |
| Stocks & contracts in progress | 3 | €385k |
| Amounts receivable within one year | 40/41 | €108k |
| Cash & bank | 54/58 | €10k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €613k |
| Equity | 10/15 | €135k |
| Contributions / capital | 10/11 | €59k |
| Reserves | 13 | €77k |
| Amounts payable | 17/49 | €478k |
| Amounts payable after one year | 17 | €0 |
| Amounts payable within one year | 42/48 | €464k |
| Trade debts payable within one year | 44 | €62k |
| Income statement | ||
| Gross operating margin | 9900 | €220k |
| Operating result | 9901 | €11k |
| Financial income | 75 | €1k |
| Financial charges | 65 | €8k |
| Result before taxes | 9903 | €4k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €862 |
| Result to be appropriated | 9905 | €862 |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed0
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
indexingNo directors on record yet
Directors and mandates usually appear here within 24 hours of publication in the Belgian State Gazette.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | ELISA DECOSTERE ROESELAARSESTRAAT 55A,
8850 ARDOOIE |
10-04-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Algemene elektrotechnische installatiewerken(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 03-12-2002 |
| Status | Active |
| Postal code | 8770 |
| First BS signal | 16-04-2025 |
| Latest BS signal | 16-04-2025 |
Structure & network
Company structure: linked entities
1 linked entityMandates
Locations & real estate
Establishment units
1 locationEMD
since 20032.123.190.438
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area591 m²
Buildings1
Building footprint362 m²
Volume (LiDAR)2,072 m³
Tallest building7.1 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007D0024/00T005 | Flanders | 591 m² | 1 · 362 m² | 7.1 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette16-04-2025
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 2 years ago
2023
19-12-2023 3 directors appointed, 1 resigning
- Olivier DESCHIETERE, Bestuurder
- Victor DESCHIETERE, Bestuurder
- Céleste DESCHIETERE, Bestuurder
- Olivier DESCHIETERE, Bestuurder
Summary:
v3.2
Analysis
Snowflake analysis
financial profile on 5 axes18
/ 100
Fragile profile, watch health in particular.
Health
0
Profitability
3
Solvency
33
Growth
52
Stability
0
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Elektrische installatie45310Schrijnwerk43320Schrijnwerk43320Metaalschrijnwerk45422
Primary activity highlighted.
Names & trade names
| Legal nameNL | EMD |
Registered office
Rozestraat 2
8770 Ingelmunster, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.