Losses
-€5,932 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
EMEF CONSTRUCT
Lifetime
6 annual accounts with figures on one time axispeak €120,177 (2023)
-€682▲ €1,776
lowest -€38,329 (2020)
-€2,027▲ €1,878
peak €45,969 (2023)
€40,037▼ 4.8%
€1,067▼ 90.1%
Board5 names since 2019
1 directorPLUCZENIK Eli
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Gross margin from -€2,458 to -€682Loss of €2,027Debts from €10,747 to €1,067Cash from €33,796 to €0
Key points
from the 2025 annual accountsLiquidity
38.26 was 4.82 in 2024
Short-term debts fell from €10,747 to €1,067.
Filings
6 annual accounts 5 late
The 2022 accounts came latest: 56 days after the end of the period.
Starting capital
€20,000 1,000 shares
At the same address
23 companies
Position in the sector
97.4%
Higher solvency than 95% of companies in real estate. Sector median 30.7% · 11,297 companies.
Turnover not published (abbreviated format)
Checked score
67
Healthy
Financially stronger than 47% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.1%▲ +0.1 percentage points vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.0%▼ -0.1 percentage points vs 05-2025
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025
08-2025: 1.5%▲ +0.4 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -1.4 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.9%▲ +0.7 percentage points vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 38.26, cash €0, halved
Last filed accounts filed 28 days late; 1 of the last 3 accounts late
lowers risk
Sector: Real estate activities (NACE 68)
Equity €40,037 (97.4% of total assets)
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 68, micro). It does better than 91% of them on solvency, 49% on liquidity, 15% on profitability and 34% 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 low class on 30-06-2025, 0.8% 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, 3,440 companies had the same profile as EMEF CONSTRUCT has now. Each dot stands for 9 companies, two years later.
90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EMEF CONSTRUCT itself: 0.9% within 12 months.
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 3,440 companies, not a prediction for EMEF CONSTRUCT. 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
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 38.26 (4.82 in 2024), above the usual 1.5. Short-term debt is 2.6% and cash 0% of total assets. 2.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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
raises risk · 2025 accounts filed 28 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
28 days late
2024
29 days late
2023
56 days late
2022
56 days late
2021
12 days late
2020
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 28 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 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 29 August (5 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
Board and ownership
- EMEF 990 sharesdeed of 23-04-2019
- PLUCZENIK Mireille 10 sharesdeed of 23-04-2019
- PLUCZENIK Samuel founderdeed of 23-04-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0725482004
1 director appointed, 3 resignations
Resignations: FRANKEL Mathias, EIS Adele and PLUCZENIK REALTY · Appointment: PLUCZENIK Eli · Director discharge: FRANKEL Mathias · General meeting of 10-05-2023 · Gazette deed
2 managers resigning
Adele Eis (manager) and PLUCZENIK REALTY NV (manager) · Permanent representative: Samuel Pluczenik · Director discharge: Adele Eis · General meeting of 14-02-2023 · Gazette deed
New manager
Eli Pluczenik appointed, Mathias Frankel resigned · Director discharge: Mathias Frankel · General meeting of 10-08-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EMEF CONSTRUCT Antwerp | €41,104 | -€682 | 97.4% | - |
| LES EMERAUDES Antwerp | €50,078 | -€6,070 | -74.3% | - |
| BE.SHARPPP Mechelen | €50,417 | -€465 | 8.0% | - |
| Swaene Heist-op-den-Berg | €46,053 | -€469 | -2.4% | 0 |
| Baselyne Properties Puurs-Sint-Amands | €35,006 | -€3,142 | 91.8% | - |
| METIS Antwerp | €39,532 | -€8,194 | -254.1% | - |
| Eden Roc Development Heist-op-den-Berg | €41,146 | -€11,399 | -25.9% | - |
These companies have the same main activity as EMEF CONSTRUCT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €35,000 and €50,400, founded between 2017 and 2020.
Official details
Source: KBO- Status
- Active since 18-04-2019Normal situation
- Registered office
- 24 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.288.611.9612018 Antwerp, since 18-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on EMEF CONSTRUCT
EMEF CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from -€34,328 in 2020 to -€682 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 EMEF CONSTRUCT
- What is the company number of EMEF CONSTRUCT?
- The company number of EMEF CONSTRUCT is 0725.482.004. The VAT number is the same number with BE in front: BE 0725.482.004.
- Where is EMEF CONSTRUCT based?
- The registered office is at Maria-Henriëttalei 8, 2018 Antwerp.Company details
- What does EMEF CONSTRUCT do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of EMEF CONSTRUCT?
- EMEF CONSTRUCT is a private limited company (BV).
- When was EMEF CONSTRUCT founded?
- EMEF CONSTRUCT was founded on 18-04-2019.
- Is EMEF CONSTRUCT still active?
- Yes, EMEF CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of EMEF CONSTRUCT?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is EMEF CONSTRUCT profitable?
- In financial year 2025, EMEF CONSTRUCT made a loss of €2,027.
- Where can I find the annual accounts of EMEF CONSTRUCT?
- EMEF CONSTRUCT filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EMEF CONSTRUCT due?
- EMEF CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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