EMEF CONSTRUCT
ActiveSummary
EMEF CONSTRUCT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,037 and a net result of -€2,027. Equity is growing by ~36.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 9268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 38.26 against 4.82 in 2024; short-term debt: 2.6% and cash: 0% of total assets), and 2.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
97.4%
Return on assets
-4.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€2,027
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
56 d late
2022
56 d late
2021
12 d late
2020
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€40,037▼ 4.8%
2024 · €42,064
Total assets
€41,104▼ 22.2%
2024 · €52,810
Net result
-€2,027▲ 48.1%
2024 · -€3,905
Working capital
€39,774▼ 3.2%
2024 · €41,104
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€7,203▲ 79.7%-€28,773▼ 299%€118,743-€3,866-€1,987▲ 48.6%
Net result-€11,241▲ 70.7%-€33,572▼ 199%€109,111-€3,905-€2,027▲ 48.1%
Equity-€29,571▼ 61.3%-€63,142▼ 114%€45,969€42,064▼ 8.5%€40,037▼ 4.8%
Total assets€214,577▲ 52.1%€296,734▲ 38.3%€256,961▼ 13.4%€52,810▼ 79.4%€41,104▼ 22.2%
Debt€244,148▲ 53.1%€359,876▲ 47.4%€210,992▼ 41.4%€10,747▼ 94.9%€1,067▼ 90.1%
Working capital€214,280▲ 59.3%€295,469▲ 37.9%€44,312▼ 85.0%€41,104▼ 7.2%€39,774▼ 3.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,987 in 2025 against €3,866 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,104
Fixed assets
€263 ▼ 72.6%
Current assets
€40,841 ▼ 21.2%
Equity and liabilities €41,104
Equity
€40,037 ▼ 4.8%
Debt
€1,067 ▼ 90.1%
Debt's share of the balance-sheet total falls from 20.3% to 2.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,290▲
2024 · -€3,169
Cash flow
-€1,330▲
2024 · -€3,208
Current ratio
38.26▲
2024 · 4.82
Debt to equity
0.03▼
2024 · 0.26
ROE
-5.1%▲
2024 · -9.3%
ROA
-4.9%▲
2024 · -7.4%
Interest coverage
-31.92▲
2024 · -81.15
Debt ≤ 1 year
€1,067▼
2024 · €10,747
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €434 | €697 | €697 | = |
| Other operating charges640/8 | €449 | €450 | €1,000 | €710 | €607 | ▼ 14.5% |
| Gross operating margin9900 | -€6,755 | -€28,323 | €120,177 | -€2,458 | -€682 | ▲ 72.3% |
| Operating profit (loss)9901 | -€7,203 | -€28,773 | €118,743 | -€3,866 | -€1,987 | ▲ 48.6% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €4,038 | €4,799 | €156 | €39 | €40 | ▲ 3.5% |
| Recurring financial charges65 | €4,038 | €4,799 | €156 | €39 | €40 | ▲ 3.5% |
| Profit (loss) for the period before taxes9903 | -€11,241 | -€33,572 | €118,587 | -€3,905 | -€2,027 | ▲ 48.1% |
| Income taxes67/77 | - | - | €9,476 | €0 | - | - |
| Profit (loss) for the period9904 | -€11,241 | -€33,572 | €109,111 | -€3,905 | -€2,027 | ▲ 48.1% |
| Profit (loss) for the period to be appropriated9905 | -€11,241 | -€33,572 | €109,111 | -€3,905 | -€2,027 | ▲ 48.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €214,577 | €296,734 | €256,961 | €52,810 | €41,104 | ▼ 22.2% |
| Fixed assets21/28 | - | - | €1,657 | €960 | €263 | ▼ 72.6% |
| Tangible fixed assets22/27 | - | - | €1,657 | €960 | €263 | ▼ 72.6% |
| Furniture and vehicles24 | - | - | €1,657 | €960 | €263 | ▼ 72.6% |
| Current assets29/58 | €214,577 | €296,734 | €255,304 | €51,850 | €40,841 | ▼ 21.2% |
| Amounts receivable after more than one year29 | - | - | €255 | €7,874 | €11,848 | ▲ 50.5% |
| Other amounts receivable291 | - | - | €255 | €7,874 | €11,848 | ▲ 50.5% |
| Stocks and contracts in progress3 | €189,335 | €291,118 | €0 | - | - | - |
| Stocks30/36 | €189,335 | €291,118 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €25,232 | €4,354 | €251,173 | €10,134 | €28,946 | ▲ 186% |
| Trade receivables40 | €652 | - | €227 | €0 | - | - |
| Other amounts receivable41 | €24,580 | €4,354 | €250,946 | €10,134 | €28,946 | ▲ 186% |
| Cash at bank and in hand54/58 | €10 | €1,262 | €3,875 | €33,796 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | - | €47 | €47 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €214,577 | €296,734 | €256,961 | €52,810 | €41,104 | ▼ 22.2% |
| Equity10/15 | -€29,571 | -€63,142 | €45,969 | €42,064 | €40,037 | ▼ 4.8% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€49,571 | -€83,142 | €25,969 | €22,064 | €20,037 | ▼ 9.2% |
| Amounts payable17/49 | €244,148 | €359,876 | €210,992 | €10,747 | €1,067 | ▼ 90.1% |
| Amounts payable after more than one year17 | €236,974 | €346,974 | €0 | - | - | - |
| Financial debts170/4 | €236,974 | €346,974 | €0 | - | - | - |
| Amounts payable within one year42/48 | €296 | €1,265 | €210,992 | €10,747 | €1,067 | ▼ 90.1% |
| Trade debts44 | €296 | €1,265 | €201,516 | €971 | €1,067 | ▲ 10.0% |
| Suppliers440/4 | €296 | €1,265 | €201,516 | €971 | €1,067 | ▲ 10.0% |
| Taxes, remuneration and social security45 | - | - | €9,476 | €9,476 | €0 | ▼ 100% |
| Taxes450/3 | - | - | €9,476 | €9,476 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €300 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €6,878 | €11,638 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,241 | -€33,572 | €109,111 | -€3,905 | -€2,027 | ▲ 48.1% |
| + Depreciation and write-downs630 | - | - | €434 | €697 | €697 | = |
| Operating cash flow (approximation) | -€11,241 | -€33,572 | €109,545 | -€3,208 | -€1,330 | ▲ 58.5% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €1,252 | €2,614 | €29,920 | -€33,796 | ▼ 213% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Liquidity times 8current ratio 38.26
Current ratio from 4.82 to 38.26; short-term debt falls from €10,747 to €1,067.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 4.82
Current ratio from 1.21 to 4.82; short-term debt falls from €210,992 to €10,747.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
2023
31-12
Financial
Back to profitnet €109,111
Net result €109,111 after 3 loss-making years.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 56 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 12 days late
2021
31-12
Financial
Liquidity times 34current ratio 723.82
Current ratio from 21.49 to 723.82; short-term debt falls from €6,568 to €296.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2019
Ground area
729 m²
Building footprint
369 m²
Volume, LiDAR
9,626 m³
Parcel 11810K2740/00F003, Flanders · tallest building 29.6 m, ±9 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
1 establishment unit
EMEF CONSTRUCT
since 20192.288.611.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K2740/00F003 | Flanders | 729 m² | 1 · 369 m² | 29.6 m · 9 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 9,698 companies in sector 68121 we hold annual accounts for 7,385. 4,819 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
Founded18-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.