EMERGIMMO
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 24-06-2026 at the NBB all 49 filings
Turnover
€0▼ 100%
2023 · €7,268
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€35,883▼ 65.4%
2024 · €103,751
Working capital
€916,793▼ 0.5%
2024 · €921,625
In the rankings
#1 oldest company in Puurs-Sint-Amands, Construction sector#8 company by total assets in Puurs-Sint-Amands, Construction sector#8 company by equity in Puurs-Sint-Amands, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€144,850
▼ 41.7%
2025
20182025
Net result
€35,883
▼ 65.4%
2025
middle half of the sector
20182025
Equity
€2.4m
▲ 1.5%
2025
highest quarter of the sector
20182025
Total assets
€4.6m
▲ 2.8%
2025
highest quarter of the sector
20182025
Debt
€2.2m
▲ 4.4%
2025
20182025
Working capital
€916,793
▼ 0.5%
2025
middle half of the sector
20182025
Solvency
52.3%
▼ 0.7pp
2025
middle half of the sector
20182025
Current ratio
3.39
▲ 0.24
2025
highest quarter of the sector
20182025
Return on assets (ROA)
0.8%
▼ 1.5pp
2025
middle half of the sector
20182025
Staff (FTE)
1.5
▼ 21.1%
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.2m-€0.6m▲ 174%€0.5m▼ 4.7%€0.1m▼ 79.0%€0▼ 100%€0.007m€0▼ 100%
Operating result€0.4m-€0.2m▼ 39.3%€0.2m▼ 33.2%€0.2m▲ 34.5%€0.2m▲ 11.3%€0.3m▲ 9.2%€0.2m▼ 6.9%€0.1m▼ 41.7%
Net result€0.2m-€0.1m▼ 52.5%€0.07mwithin the sector's middle half▼ 32.6%€0.1mabove the sector's middle half▲ 68.1%€0.1mabove the sector's middle half▲ 9.8%€0.1mabove the sector's middle half▲ 10.1%€0.1mwithin the sector's middle half▼ 25.8%€0.04mwithin the sector's middle half▼ 65.4%
Equity€1.7m-€1.8m▲ 5.8%€1.9mabove the sector's middle half▲ 3.7%€2.0mabove the sector's middle half▲ 6.1%€2.1mabove the sector's middle half▲ 6.3%€2.3mabove the sector's middle half▲ 6.5%€2.4mabove the sector's middle half▲ 4.5%€2.4mabove the sector's middle half▲ 1.5%
Total assets€3.5m-€3.5m▲ 0.6%€3.5mabove the sector's middle half▲ 1.4%€3.6mabove the sector's middle half▲ 3.5%€3.6mabove the sector's middle half▼ 2.2%€3.8mabove the sector's middle half▲ 6.0%€4.5mabove the sector's middle half▲ 19.4%€4.6mabove the sector's middle half▲ 2.8%
Debt€1.7m-€1.6m▼ 5.8%€1.5m▼ 1.9%€1.6m▲ 1.2%€1.4m▼ 12.0%€1.5m▲ 7.0%€2.1m▲ 43.5%€2.2m▲ 4.4%
Working capital€0.9m-€0.9m▲ 6.0%€1.1mabove the sector's middle half▲ 19.9%€1.3mabove the sector's middle half▲ 11.6%€1.4mabove the sector's middle half▲ 12.2%€1.6mabove the sector's middle half▲ 10.6%€0.9mabove the sector's middle half▼ 41.2%€0.9mwithin the sector's middle half▼ 0.5%
Solvency50.2%-52.8%▲ 2.6pp54.0%within the sector's middle half▲ 1.2pp55.4%within the sector's middle half▲ 1.4pp60.2%above the sector's middle half▲ 4.8pp60.5%above the sector's middle half▲ 0.3pp53.0%within the sector's middle half▼ 7.5pp52.3%within the sector's middle half▼ 0.7pp
Current ratio3.53-4.25▲ 0.725.67above the sector's middle half▲ 1.425.46above the sector's middle half▼ 0.219.23above the sector's middle half▲ 3.776.52above the sector's middle half▼ 2.703.15above the sector's middle half▼ 3.383.39above the sector's middle half▲ 0.24
Return on assets (ROA)6.2%-2.9%▼ 3.3pp2.0%within the sector's middle half▼ 1.0pp3.2%within the sector's middle half▲ 1.2pp3.6%within the sector's middle half▲ 0.4pp3.7%within the sector's middle half▲ 0.1pp2.3%within the sector's middle half▼ 1.4pp0.8%within the sector's middle half▼ 1.5pp
Staff (FTE)2.3-2.4▲ 4.3%2.5below the sector's middle half▲ 4.2%2.3below the sector's middle half▼ 8.0%2.6below the sector's middle half▲ 13.0%2.1below the sector's middle half▼ 19.2%1.9below the sector's middle half▼ 9.5%1.5below the sector's middle half▼ 21.1%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 42% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.6m
Fixed assets
€3.3m ▲ 5.6%
Current assets
€1.3m ▼ 3.7%
Equity and liabilities €4.6m
Equity
€2.4m ▲ 1.5%
Provisions
€484 ▼ 85.8%
Debt
€2.2m ▲ 4.4%
Debt's share of the balance-sheet total rises from 47.0% to 47.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€349,464▲
2024 · €326,159
Cash flow
€240,496▲
2024 · €181,413
Debt to equity
0.91▲
2024 · 0.89
ROE
1.5%▼
2024 · 4.3%
Interest coverage
4.02▲
2024 · 3.12
Debt ≤ 1 year
€384,263▼
2024 · €429,528
Debt > 1 year
€1.8m▲
2024 · €1.7m
Income taxes
€18,815▼
2024 · €30,375
Staff costs
€151,886▼
2024 · €170,165
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 4 | 2 | 2 | 2 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | 3 | 3 | 1 | 1 | 1 |
| in full-time equivalents | 2.6 | 2.6 | 1.6 | 1.5 | 1.5 |
| Average over the year, in full-time equivalents | 2.3 | 2.6 | 2.1 | 1.9 | 1.5 |
| On a permanent contract | 4 | 4 | 2 | 2 | 2 |
| Joined | 1 | - | 1 | 3 | - |
| Left | 0 | - | 3 | 3 | - |
| Training hours | 2 | - | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €75,808 | - | €41,530 | €1.3m | €382,478 |
| Depreciation and write-downs of the year | €119,620 | €122,308 | €84,054 | €77,662 | €204,614 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €134 awarded · €134 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.2m | €1.1m | €1.1m | €0.9m | €1.0m | ▲ 3.2% |
| Turnover70 | €0.2m | €0.6m | €0.5m | €0.1m | €0 | €0.007m | €0 | - | - |
| Other operating income74 | - | - | - | €1.0m | €1.1m | €1.0m | €0.9m | €0.9m | ▲ 3.2% |
| Non-recurring operating income76A | - | - | - | €0.02m | €0 | €0.008m | €0.009m | €0.009m | ▲ 2.7% |
| Operating charges60/66A | - | - | - | €0.9m | €0.9m | €0.8m | €0.7m | €0.8m | ▲ 19.6% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.1m | €0 | €0.007m | €0 | - | - |
| Purchases600/8 | - | - | - | €0.1m | €0 | €0.007m | €0 | - | - |
| Services and other goods61 | - | - | - | €0.5m | €0.6m | €0.5m | €0.4m | €0.4m | ▲ 3.3% |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.08m | €0.2m | ▲ 163% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.01m | -€0.02m | -€0.02m | -€0.01m | -€0.003m | ▲ 79.3% |
| Other operating charges640/8 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.06m | ▲ 10.4% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.005m | €0.004m | €0 | ▼ 100% |
| Operating profit (loss)9901 | €0.4m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.1m | ▼ 41.7% |
| Financial income75/76B | - | - | - | €334 | €85 | €2 | €339 | €33 | ▼ 90.4% |
| Recurring financial income75 | €0.002m | €0.002m | €0.002m | €334 | €85 | €2 | €339 | €33 | ▼ 90.4% |
| Income from current assets751 | - | - | - | - | - | €1 | €3 | €2 | ▼ 16.4% |
| Other financial income752/9 | - | - | - | €334 | €85 | €1 | €336 | €30 | ▼ 91.0% |
| Financial charges65/66B | - | - | - | €0.05m | €0.05m | €0.06m | €0.1m | €0.09m | ▼ 21.4% |
| Recurring financial charges65 | €0.08m | €0.08m | €0.05m | €0.05m | €0.05m | €0.06m | €0.1m | €0.09m | ▼ 21.4% |
| Debt charges650 | €0.08m | €0.08m | €0.05m | €0.05m | €0.05m | €0.06m | €0.1m | €0.09m | ▼ 16.9% |
| Other financial charges652/9 | - | - | - | €0.001m | €0.001m | €0.001m | €0.01m | €0.003m | ▼ 66.7% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.05m | ▼ 59.3% |
| Transfer from deferred taxes780 | - | - | - | €0.001m | €0.001m | €437 | €259 | €166 | ▼ 36.0% |
| Transfer to deferred taxes680 | - | - | - | - | - | €0.001m | €0 | - | - |
| Income taxes67/77 | €0.1m | €0.07m | €0.04m | €0.05m | €0.07m | €0.06m | €0.03m | €0.02m | ▼ 38.1% |
| Taxes670/3 | - | - | - | €0.05m | €0.07m | €0.06m | €0.03m | €0.02m | ▼ 38.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €101 | €0 | - | €301 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €0.2m | €0.1m | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | €0.04m | ▼ 65.4% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.002m | €0.001m | €0.001m | €0.001m | €498 | ▼ 30.8% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €0.002m | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.1m | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | €0.04m | ▼ 65.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.5m | €3.5m | €3.5m | €3.6m | €3.6m | €3.8m | €4.5m | €4.6m | ▲ 2.8% |
| Fixed assets21/28 | €2.2m | €2.2m | €2.1m | €2.1m | €2.0m | €1.9m | €3.2m | €3.3m | ▲ 5.6% |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.7m | €0.6m | €0.5m | €0.4m | €1.7m | €1.8m | ▲ 10.6% |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €0.3m | €1.5m | €1.7m | ▲ 13.3% |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 14.2% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.03m | €0.009m | €0.03m | €0.03m | ▼ 0.7% |
| Financial fixed assets28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | ▼ 0.1% |
| Affiliated companies280/1 | - | - | - | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Participating interests280 | - | - | - | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Other financial fixed assets284/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €460 | ▼ 78.0% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €460 | ▼ 78.0% |
| Current assets29/58 | €1.2m | €1.2m | €1.4m | €1.5m | €1.6m | €1.9m | €1.4m | €1.3m | ▼ 3.7% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €1.1m | €1.1m | €0.3m | €1.1m | €1.3m | €1.7m | €1.2m | €1.0m | ▼ 17.0% |
| Trade receivables40 | - | - | - | €0.07m | €0.5m | €0.5m | €0.05m | €190 | ▼ 99.6% |
| Other amounts receivable41 | - | - | - | €1.0m | €0.8m | €1.2m | €1.2m | €1.0m | ▼ 13.5% |
| Cash at bank and in hand54/58 | €0.09m | €0.2m | €1.1m | €0.4m | €0.3m | €0.2m | €0.1m | €0.3m | ▲ 131% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.003m | €0.005m | €0.007m | €0.004m | ▼ 38.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.5m | €3.5m | €3.5m | €3.6m | €3.6m | €3.8m | €4.5m | €4.6m | ▲ 2.8% |
| Equity10/15 | €1.7m | €1.8m | €1.9m | €2.0m | €2.1m | €2.3m | €2.4m | €2.4m | ▲ 1.5% |
| Contributions10/11 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Capital10 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | - | - |
| Issued capital100 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | - | - |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 0.5% |
| Non-distributable reserves130/1 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | €0 | ▼ 100% |
| Legal reserve130 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | - | €0 | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 2.4% |
| Distributable reserves133 | - | - | - | - | - | - | - | €0.09m | - |
| Profit (loss) carried forward14 | €0.8m | €0.9m | €0.9m | €1.0m | €1.2m | €1.3m | €1.4m | €1.5m | ▲ 2.6% |
| Provisions and deferred taxes16 | €0.04m | €0.06m | €0.07m | €0.06m | €0.04m | €0.02m | €0.003m | €484 | ▼ 85.8% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.05m | €0.04m | €0.02m | €0.003m | €0 | ▼ 100% |
| Other liabilities and charges164/5 | - | - | - | €0.05m | €0.04m | €0.02m | €0.003m | €0 | ▼ 100% |
| Deferred taxes168 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €484 | ▼ 25.5% |
| Amounts payable17/49 | €1.7m | €1.6m | €1.5m | €1.6m | €1.4m | €1.5m | €2.1m | €2.2m | ▲ 4.4% |
| Amounts payable after more than one year17 | €1.3m | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | €1.7m | €1.8m | ▲ 8.2% |
| Financial debts170/4 | - | - | - | €0.06m | €0.03m | €0.01m | €1.0m | €1.1m | ▲ 14.7% |
| Credit institutions173 | - | - | - | €0.06m | €0.03m | €0.01m | €1.0m | €1.1m | ▲ 14.7% |
| Other amounts payable178/9 | - | - | - | €1.2m | €1.2m | €1.2m | €0.7m | €0.7m | ▼ 0.9% |
| Amounts payable within one year42/48 | €0.4m | €0.3m | €0.2m | €0.3m | €0.2m | €0.3m | €0.4m | €0.4m | ▼ 10.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.02m | €0.1m | €0.1m | ▼ 5.0% |
| Trade debts44 | €0.3m | €0.2m | €0.2m | €0.09m | €0.08m | €0.2m | €0.3m | €0.2m | ▼ 9.8% |
| Suppliers440/4 | - | - | - | €0.09m | €0.08m | €0.2m | €0.3m | €0.2m | ▼ 9.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.06m | €0.05m | €0.03m | €0.02m | ▼ 45.2% |
| Taxes450/3 | - | - | - | €0.03m | €0.04m | €0.04m | €0.01m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 1.6% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €110 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.1m | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | €0.04m | ▼ 65.4% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.08m | €0.2m | ▲ 163% |
| Operating cash flow (approximation) | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 32.6% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.04m | -€0.07m | €0 | -€0.04m | -€1.3m | -€0.4m | ▲ 70.9% |
| Change in cash | - | €0.06m | €1.0m | -€0.7m | -€0.1m | -€0.1m | -€0.04m | €0.2m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as EMERGIMMO has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EMERGIMMO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for EMERGIMMO. 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.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 24-06-2026 | 2026-00218120 | |
| 31-12-2024 | full format | 18-06-2025 | 2025-00166130 | |
| 31-12-2023 | full format | 24-06-2024 | 2024-00164230 | |
| 31-12-2022 | full format | 26-06-2023 | 2023-00164559 | |
| 31-12-2021 | full format | 27-06-2022 | 2022-20103802 | |
| 31-12-2020 | full format | 16-06-2021 | 2021-21100327 | |
| 31-12-2019 | full format | 30-06-2020 | 2020-27200344 | |
| 31-12-2018 | full format | 27-06-2019 | 2019-26400321 | |
| 31-12-2017 | full format | 17-07-2018 | 2018-34200171 | |
| 31-12-2016 | full format | 03-07-2017 | 2017-27400567 |