EMERG
ActiveSummary
EMERG has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44,000 and a net result of €179,113. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency32▼-61
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity short (current ratio 0.63 against 2.26 in 2024; short-term debt: 48.9% and cash: 14% of total assets), and 93.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.6%
Return on assets
26.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
86 d late
2022
30 d late
2021
26 d late
2020
31 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€44,000▼ 82.1%
2024 · €245,384
Total assets
€667,318▲ 84.3%
2024 · €362,026
Net result
€179,113▲ 44.6%
2024 · €123,907
Working capital
-€120,278
2024 · €147,533
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€87,654▲ 194%€56,370▼ 35.7%€165,589▲ 194%€160,461▼ 3.1%€247,531▲ 54.3%
Net result€69,671▲ 195%€43,902▼ 37.0%€129,152▲ 194%€123,907▼ 4.1%€179,113▲ 44.6%
Equity€136,073▲ 105%€92,325▼ 32.2%€121,477▲ 31.6%€245,384▲ 102%€44,000▼ 82.1%
Total assets€166,117▲ 92.8%€128,582▼ 22.6%€278,532▲ 117%€362,026▲ 30.0%€667,318▲ 84.3%
Debt€30,044▲ 52.0%€36,257▲ 20.7%€157,055▲ 333%€116,642▼ 25.7%€623,318▲ 434%
Working capital€132,431▲ 108%€89,312▼ 32.6%€104,589▲ 17.1%€147,533▲ 41.1%-€120,278
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 54% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €667,318
Fixed assets
€461,282 ▲ 371%
Current assets
€206,036 ▼ 22.0%
Equity and liabilities €667,318
Equity
€44,000 ▼ 82.1%
Debt
€623,318 ▲ 434%
Debt's share of the balance-sheet total rises from 32.2% to 93.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€263,924▲
2024 · €169,012
Cash flow
€195,506▲
2024 · €132,458
Current ratio
0.63▼
2024 · 2.26
Debt to equity
14.17▲
2024 · 0.48
ROE
407.1%▲
2024 · 50.5%
ROA
26.8%▼
2024 · 34.2%
Interest coverage
19.30▼
2024 · 183.44
Debt ≤ 1 year
€326,314▲
2024 · €116,642
Debt > 1 year
€297,004
Income taxes
€54,744▲
2024 · €35,633
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.1%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 875 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,161 | €629 | €2,722 | €8,551 | €16,393 | ▲ 91.7% |
| Other operating charges640/8 | - | €183 | €1,402 | €978 | €1,641 | ▲ 67.7% |
| Gross operating margin9900 | €89,815 | €57,182 | €169,712 | €169,990 | €265,564 | ▲ 56.2% |
| Operating profit (loss)9901 | €87,654 | €56,370 | €165,589 | €160,461 | €247,531 | ▲ 54.3% |
| Financial income75/76B | - | - | €0 | €1 | - | - |
| Recurring financial income75 | - | - | €0 | €1 | - | - |
| Financial charges65/66B | €30 | €203 | €197 | €921 | €13,673 | ▲ 1,384% |
| Recurring financial charges65 | €30 | €203 | €197 | €921 | €13,673 | ▲ 1,384% |
| Profit (loss) for the period before taxes9903 | €87,624 | €56,167 | €165,392 | €159,540 | €233,857 | ▲ 46.6% |
| Income taxes67/77 | €17,954 | €12,265 | €36,241 | €35,633 | €54,744 | ▲ 53.6% |
| Profit (loss) for the period9904 | €69,671 | €43,902 | €129,152 | €123,907 | €179,113 | ▲ 44.6% |
| Profit (loss) for the period to be appropriated9905 | €69,671 | €43,902 | €129,152 | €123,907 | €179,113 | ▲ 44.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €166,117 | €128,582 | €278,532 | €362,026 | €667,318 | ▲ 84.3% |
| Fixed assets21/28 | €3,642 | €3,013 | €16,888 | €97,851 | €461,282 | ▲ 371% |
| Tangible fixed assets22/27 | €3,642 | €3,013 | €16,888 | €97,851 | €461,282 | ▲ 371% |
| Land and buildings22 | - | - | - | €39,394 | €388,951 | ▲ 887% |
| Plant, machinery and equipment23 | - | - | - | - | €6,757 | - |
| Furniture and vehicles24 | €658 | €329 | €6,234 | €12,397 | €24,741 | ▲ 99.6% |
| Other tangible fixed assets26 | €2,984 | €2,684 | €10,654 | €46,060 | €40,833 | ▼ 11.3% |
| Current assets29/58 | €162,475 | €125,569 | €261,644 | €264,175 | €206,036 | ▼ 22.0% |
| Amounts receivable within one year40/41 | €79,465 | €29,514 | €64,558 | €24,267 | €90,804 | ▲ 274% |
| Trade receivables40 | €72,600 | €26,148 | €61,180 | €17,424 | €83,980 | ▲ 382% |
| Other amounts receivable41 | €6,865 | €3,366 | €3,378 | €6,843 | €6,824 | ▼ 0.3% |
| Current investments50/53 | €21,700 | €21,700 | €21,700 | €21,700 | €21,700 | = |
| Cash at bank and in hand54/58 | €61,310 | €74,355 | €175,387 | €218,208 | €93,532 | ▼ 57.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €166,117 | €128,582 | €278,532 | €362,026 | €667,318 | ▲ 84.3% |
| Equity10/15 | €136,073 | €92,325 | €121,477 | €245,384 | €44,000 | ▼ 82.1% |
| Contributions10/11 | €6,200 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €129,873 | €73,775 | €102,927 | €226,834 | €25,450 | ▼ 88.8% |
| Non-distributable reserves130/1 | €1,830 | €1,830 | - | - | - | - |
| Reserves not available under the articles1311 | €1,830 | €1,830 | - | - | - | - |
| Distributable reserves133 | €128,043 | €71,945 | €102,927 | €226,834 | €25,450 | ▼ 88.8% |
| Amounts payable17/49 | €30,044 | €36,257 | €157,055 | €116,642 | €623,318 | ▲ 434% |
| Amounts payable after more than one year17 | - | - | - | - | €297,004 | - |
| Financial debts170/4 | - | - | - | - | €297,004 | - |
| Amounts payable within one year42/48 | €30,044 | €36,257 | €157,055 | €116,642 | €326,314 | ▲ 180% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €11,502 | - |
| Trade debts44 | €4,148 | €4,876 | €7,062 | €2,906 | €1,437 | ▼ 50.6% |
| Suppliers440/4 | €4,148 | €4,876 | €7,062 | €2,906 | €1,437 | ▼ 50.6% |
| Taxes, remuneration and social security45 | €25,896 | €17,007 | €17,589 | €23,458 | €41,506 | ▲ 76.9% |
| Taxes450/3 | €25,896 | €17,007 | €17,589 | €23,458 | €41,506 | ▲ 76.9% |
| Other amounts payable47/48 | - | €14,374 | €132,405 | €90,278 | €271,870 | ▲ 201% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,671 | €43,902 | €129,152 | €123,907 | €179,113 | ▲ 44.6% |
| + Depreciation and write-downs630 | €2,161 | €629 | €2,722 | €8,551 | €16,393 | ▲ 91.7% |
| Operating cash flow (approximation) | €71,832 | €44,531 | €131,873 | €132,458 | €195,506 | ▲ 47.6% |
| Investment in fixed assets (approximation) | - | €0 | -€16,596 | -€89,513 | -€379,824 | ▼ 324% |
| Change in cash | - | €13,045 | €101,031 | €42,821 | -€124,676 | ▼ 391% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2019net €179,113 ▲44.6%
Operating result €247,531, net result €179,113, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €200,000Eq €245,384 ▲102%
6 profitable years in a row build equity to €245,384.
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
2023
31-12
Financial
Equity above €100,000Eq €121,477 ▲31.6%
5 profitable years in a row build equity to €121,477.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Equity above €100,000Eq €136,073 ▲105%
3 profitable years in a row build equity to €136,073.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €23,604 ▼35.5%
Net result drops to €23,604, the lowest in the series; recovery starts the following year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Beersel · 1 establishment unit since 2019
Ground area
1,694 m²
Building footprint
155 m²
Volume, LiDAR
962 m³
Parcel 23001A0077/00N012, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
EMERG
since 20192.286.691.955
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23001A0077/00N012 | Flanders | 1,694 m² | 1 · 155 m² | 10.5 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
984500EE890C746ICE09
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 37,375 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
Founded02-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0717536813
Also
9925:BE0717536813
Registered
01-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.