EMERSON
ActiveSummary
EMERSON has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €378,974 and a net result of €32,970. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-6
Solvency89▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 3.84 against 3.52 in 2024; short-term debt: 15.1% and cash: 10.3% of total assets), and 35.8% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
64.2%
Return on assets
5.6%
Age of the figures
9 mo
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
14 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
89 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 37 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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
Go further with this company
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€32,970▼ 42.8%
2024 · €57,670
Working capital
€253,377▲ 34.2%
2024 · €188,824
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€75,705▲ 39.6%€78,943▲ 4.3%€61,864▼ 21.6%€82,109▲ 32.7%€58,139▼ 29.2%
Net result€54,970▲ 56.7%€57,082▲ 3.8%€40,383▼ 29.3%€57,670▲ 42.8%€32,970▼ 42.8%
Equity€190,870▲ 40.4%€247,951▲ 29.9%€288,334▲ 16.3%€346,004▲ 20.0%€378,974▲ 9.5%
Total assets€559,101▲ 23.2%€549,655▼ 1.7%€535,622▼ 2.6%€563,235▲ 5.2%€589,905▲ 4.7%
Debt€368,231▲ 15.8%€301,704▼ 18.1%€247,288▼ 18.0%€217,231▼ 12.2%€210,931▼ 2.9%
Working capital€60,911▲ 160%€113,028▲ 85.6%€132,081▲ 16.9%€188,824▲ 43.0%€253,377▲ 34.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €589,905
Fixed assets
€247,348 ▼ 17.4%
Current assets
€342,557 ▲ 30.0%
Equity and liabilities €589,905
Equity
€378,974 ▲ 9.5%
Debt
€210,931 ▼ 2.9%
Debt's share of the balance-sheet total falls from 38.6% to 35.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€127,186▼
2024 · €145,633
Cash flow
€102,017▼
2024 · €121,194
Current ratio
3.84▲
2024 · 3.52
Quick ratio
3.39▲
2024 · 2.92
Debt to equity
0.56▼
2024 · 0.63
ROE
8.7%▼
2024 · 16.7%
ROA
5.6%▼
2024 · 10.2%
Interest coverage
23.03▲
2024 · 20.45
Debt ≤ 1 year
€89,180▲
2024 · €74,782
Debt > 1 year
€121,751▼
2024 · €142,449
Income taxes
€19,894▲
2024 · €17,547
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 17,792 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 | €52,908 | €54,475 | €61,961 | €63,524 | €69,047 | ▲ 8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€3,744 | €1,176 | €257 | -€1,334 | -€1,793 | ▼ 34.4% |
| Other operating charges640/8 | €20,202 | €7,113 | €9,346 | €7,195 | €7,452 | ▲ 3.6% |
| Gross operating margin9900 | €145,071 | €141,707 | €133,428 | €151,494 | €132,845 | ▼ 12.3% |
| Operating profit (loss)9901 | €75,705 | €78,943 | €61,864 | €82,109 | €58,139 | ▼ 29.2% |
| Financial income75/76B | €990 | €505 | €198 | €230 | €248 | ▲ 7.8% |
| Recurring financial income75 | €990 | €505 | €198 | €230 | €248 | ▲ 7.8% |
| Financial charges65/66B | €7,837 | €7,665 | €6,642 | €7,122 | €5,523 | ▼ 22.5% |
| Recurring financial charges65 | €7,837 | €7,665 | €6,642 | €7,122 | €5,523 | ▼ 22.5% |
| Profit (loss) for the period before taxes9903 | €68,858 | €71,783 | €55,420 | €75,217 | €52,864 | ▼ 29.7% |
| Income taxes67/77 | €13,888 | €14,701 | €15,037 | €17,547 | €19,894 | ▲ 13.4% |
| Profit (loss) for the period9904 | €54,970 | €57,082 | €40,383 | €57,670 | €32,970 | ▼ 42.8% |
| Profit (loss) for the period to be appropriated9905 | €54,970 | €57,082 | €40,383 | €57,670 | €32,970 | ▼ 42.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €559,101 | €549,655 | €535,622 | €563,235 | €589,905 | ▲ 4.7% |
| Fixed assets21/28 | €392,151 | €353,855 | €331,151 | €299,629 | €247,348 | ▼ 17.4% |
| Intangible fixed assets21 | €1,167 | €667 | €167 | - | - | - |
| Tangible fixed assets22/27 | €390,984 | €353,188 | €330,984 | €299,629 | €247,348 | ▼ 17.4% |
| Land and buildings22 | €299,178 | €275,223 | €240,093 | €198,686 | €157,709 | ▼ 20.6% |
| Plant, machinery and equipment23 | - | - | - | €26,751 | €21,264 | ▼ 20.5% |
| Furniture and vehicles24 | €91,806 | €77,965 | €90,891 | €74,192 | €68,375 | ▼ 7.8% |
| Current assets29/58 | €166,950 | €195,800 | €204,471 | €263,606 | €342,557 | ▲ 30.0% |
| Stocks and contracts in progress3 | €53,013 | €52,468 | €46,155 | €45,589 | €39,917 | ▼ 12.4% |
| Stocks30/36 | €53,013 | €52,468 | €46,155 | €45,589 | €39,917 | ▼ 12.4% |
| Amounts receivable within one year40/41 | - | €3,154 | €452 | €452 | - | - |
| Trade receivables40 | - | €3,154 | €452 | €452 | - | - |
| Current investments50/53 | €72,045 | €92,035 | €91,653 | €131,643 | €241,633 | ▲ 83.6% |
| Cash at bank and in hand54/58 | €41,892 | €48,143 | €66,211 | €85,922 | €61,007 | ▼ 29.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €559,101 | €549,655 | €535,622 | €563,235 | €589,905 | ▲ 4.7% |
| Equity10/15 | €190,870 | €247,951 | €288,334 | €346,004 | €378,974 | ▲ 9.5% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Capital10 | €25,000 | €25,000 | €25,000 | €25,000 | - | - |
| Issued capital100 | €25,000 | €25,000 | €25,000 | €25,000 | - | - |
| Reserves13 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Non-distributable reserves130/1 | €2,500 | €2,500 | €2,500 | €2,500 | - | - |
| Legal reserve130 | €2,500 | €2,500 | €2,500 | €2,500 | - | - |
| Distributable reserves133 | - | - | - | - | €2,500 | - |
| Profit (loss) carried forward14 | €163,370 | €220,451 | €260,834 | €318,504 | €351,474 | ▲ 10.4% |
| Amounts payable17/49 | €368,231 | €301,704 | €247,288 | €217,231 | €210,931 | ▼ 2.9% |
| Amounts payable after more than one year17 | €262,192 | €218,932 | €174,898 | €142,449 | €121,751 | ▼ 14.5% |
| Financial debts170/4 | €262,192 | €218,932 | €174,898 | €142,449 | €121,751 | ▼ 14.5% |
| Amounts payable within one year42/48 | €106,039 | €82,772 | €72,390 | €74,782 | €89,180 | ▲ 19.3% |
| Current portion of amounts payable after more than one year42 | €43,878 | €43,300 | €44,034 | €32,449 | €20,698 | ▼ 36.2% |
| Trade debts44 | €19,871 | €17,801 | €2,633 | €21,283 | €39,540 | ▲ 85.8% |
| Suppliers440/4 | €19,871 | €17,801 | €2,633 | €21,283 | €39,540 | ▲ 85.8% |
| Taxes, remuneration and social security45 | €33,632 | €13,120 | €15,924 | €9,878 | €16,183 | ▲ 63.8% |
| Taxes450/3 | €33,632 | €13,120 | €15,924 | €9,878 | €16,183 | ▲ 63.8% |
| Other amounts payable47/48 | €8,658 | €8,551 | €9,799 | €11,172 | €12,759 | ▲ 14.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,970 | €57,082 | €40,383 | €57,670 | €32,970 | ▼ 42.8% |
| + Depreciation and write-downs630 | €52,908 | €54,475 | €61,961 | €63,524 | €69,047 | ▲ 8.7% |
| Operating cash flow (approximation) | €107,878 | €111,557 | €102,344 | €121,194 | €102,017 | ▼ 15.8% |
| Investment in fixed assets (approximation) | - | -€16,179 | -€39,257 | -€32,002 | -€16,766 | ▲ 47.6% |
| Change in cash | - | €6,251 | €18,068 | €19,711 | -€24,915 | ▼ 226% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €57,670 ▲42.8%
Operating result €82,109, net result €57,670, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Equity above €200,000Eq €247,951 ▲29.9%
4 profitable years in a row build equity to €247,951.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Equity above €150,000Eq €190,870 ▲40.4%
3 profitable years in a row build equity to €190,870.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
31-12
Financial
Back to profitnet €25,698
Net result €25,698 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €100,811 ▲34.2%
Equity rises from €75,113 to €100,811.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Nivelles · 1 establishment unit since 2007
Ground area
78 m²
Building footprint
74 m²
Volume, LiDAR
894 m³
Parcel 25782D0545/00C000, Wallonia · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Fab'Optique
since 20072.165.507.776
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782D0545/00C000 | Wallonia | 78 m² | 1 · 74 m² | 13.5 m · 4 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.
Similar companies · same sector, comparable size
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OPTIEK E. DE VOS
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OPTICIEN DEGROOTE
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FOCUS OPTIEK GAVERE
BE 0629.818.030
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Of 1,733 companies in sector 47742 we hold annual accounts for 1,139. 864 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
Founded25-09-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses
E-invoicing
Reachable via Peppol
Peppol ID
0208:0892305671
Also
9925:BE0892305671
Registered
02-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.