EMERAUDE
ActiveSummary
EMERAUDE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-18k) and a net result of €-180k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-55
Solvency0▼-9
Growth22▼-16
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 5.79 in 2023; short-term debt: 130% and cash: 13.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-53.5%
Return on assets
-529.2%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-18k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
44 d early
2022
12 d early
2021
31 d late
2020
11 d early
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€36k▼ 93.2%
2023 · €532k
2018: €1.03M
2019: €1.08M
2020: €867k
2021: €723k
2022: €596k
2023: €532k
2018 → 2024
EBIT margin
-532.2%▼ 535.5pp
2023 · 3.4%
2018: 0.3%
2019: 5.8%
2020: 3.1%
2021: -7.5%
2022: -17.1%
2023: 3.4%
2018 → 2024
Net result
€-180k
2023 · €24k
2018: €-2k
2019: €37k
2020: €7k
2021: €-64k
2022: €-121k
2023: €24k
2018 → 2024
Working capital
€-32k
2023 · €207k
2018: €51k
2019: €51k
2020: €61k
2021: €585k
2022: €240k
2023: €207k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€867k-€723k▼ 16.6%€596k▼ 17.6%€532k▼ 10.8%€36k▼ 93.2%
Equity€113k-€49k▼ 56.8%€-72k€-48k▲ 32.9%€-18k▲ 62.3%
Operating result€27k-€-54k€-102k▼ 88.2%€18k€-192k
Net result€7k-€-64k€-121k▼ 88.7%€24k€-180k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €192k after €18k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €34k
Fixed assets
€22k ▼ 50.5%
Current assets
€12k ▼ 95.3%
Key figures and ratios
EBITDA
€-169k▼
2023 · €46k
Cash flow
€-157k▼
2023 · €52k
Solvency
-53.5%▼
2023 · -16.4%
Current ratio
0.27▼
2023 · 5.79
Debt to equity
-2.87▲
2023 · -6.90
ROA
-529.2%▼
2023 · 8.0%
Interest coverage
-52310.68▼
2023 · 3.20
Debt
€52k▼
2023 · €333k
Debt ≤ 1 year
€44k▲
2023 · €43k
Debt > 1 year
€8k▼
2023 · €290k
Income taxes
€27▲
2023 · €14
Staff costs
€0▲
2023 · €-310
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 74 lines
Balance sheet
Code20232024
Assets
Total assets20/58€295k€34k▼
Fixed assets21/28€45k€22k▼
Intangible fixed assets21€238€0▼
Tangible fixed assets22/27€27k€4k▼
Plant, machinery and equipment23€27k€4k▼
Financial fixed assets28€18k€18k=
Other financial fixed assets284/8€18k€18k=
Amounts receivable and cash guarantees285/8€18k€18k=
Current assets29/58€250k€12k▼
Stocks and contracts in progress3€0€0=
Stocks30/36€0-
Raw materials and consumables30/31€0-
Work in progress32€0-
Finished goods33€0-
Amounts receivable within one year40/41€248k€6k▼
Trade receivables40€161k€0▼
Other amounts receivable41€87k€6k▼
Cash at bank and in hand54/58€817€5k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€295k€34k▼
Equity10/15€-48k€-18k▲
Contributions10/11€100k€310k▲
Capital10€100k€310k▲
Issued capital100€100k€310k▲
Reserves13€31k€0▼
Tax-exempt reserves132€31k€0▼
Profit (loss) carried forward14€-179k€-328k▼
Provisions and deferred taxes16€10k€0▼
Deferred taxes168€10k€0▼
Amounts payable17/49€333k€52k▼
Amounts payable after more than one year17€290k€8k▼
Financial debts170/4€290k€8k▼
Other loans174€290k€8k▼
Amounts payable within one year42/48€43k€44k▲
Financial debts43€2k€0▼
Credit institutions430/8€2k€0▼
Trade debts44€25k€36k▲
Suppliers440/4€25k€36k▲
Taxes, remuneration and social security45€0-
Remuneration and social security454/9€0-
Other amounts payable47/48€16k€8k▼
Accrued charges and deferred income492/3€75€75=
Income statement
Code20232024
Operating income70/76A€285k€36k▼
Turnover70€532k€36k▼
Change in stocks of work in progress, finished goods and contracts in progress71€-249k€0▲
Other operating income74€2k€0▼
Operating charges60/66A€267k€228k▼
Goods for resale, raw materials and consumables60€31k€13k▼
Purchases600/8€30k€13k▼
Change in stocks: decrease (increase)609€2k€0▼
Services and other goods61€194k€187k▼
Remuneration, social security and pensions62€-310€0▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€23k▼
Other operating charges640/8€12k€6k▼
Non-recurring operating charges66A€1k€0▼
Operating profit (loss)9901€18k€-192k▼
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Income from current assets751€4k€3k▼
Other financial income752/9€146€0▼
Financial charges65/66B€16k€783▼
Recurring financial charges65€16k€783▼
Debt charges650€15k€3▼
Other financial charges652/9€1k€779▼
Profit (loss) for the period before taxes9903€7k€-190k▼
Transfer from deferred taxes780€17k€10k▼
Income taxes67/77€14€27▲
Taxes670/3€14€27▲
Profit (loss) for the period9904€24k€-180k▼
Transfer from tax-exempt reserves789€51k€31k▼
Profit (loss) for the period to be appropriated9905€74k€-149k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-179k€-328k▼
Profit (loss) brought forward from the previous period14P€-253k€-179k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (38 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-180k ▼862%
Net result drops to €-180k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €24k
Net result €24k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 5.79
Current ratio from 2.78 to 5.79; short-term debt falls from €135k to €43k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 3.52
Current ratio from 1.08 to 3.52; short-term debt falls from €766k to €232k.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
31-12
Financial
Equity above €100kEq €105k ▲53.2%
Equity rises from €69k to €105k.
Show earlier events
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Destelbergen · 1 establishment unit since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Haenhoutstraat 2109070 DestelbergenGround area
9,372 m²
Building footprint
5,459 m²
Volume, LiDAR
26,606 m³
Parcel 44333H0700/00H002, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Haenhoutstraat 210, 9070 Destelbergen
since 20242.368.204.916
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44333H0700/00H002 | Flanders | 9,372 m² | 1 · 5,459 m² | 12.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDestelbergen2.368.204.916
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Of 222 companies in sector 46391 we hold annual accounts for 138. 68 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-10-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46391Wholesale trade
10111Manufacture of food products
10130Manufacture of food products
46321Wholesale of meat and meat products, excluding game and poultry
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.