EMFIP
ActiveSummary
The computed 12-month bankruptcy probability of EMFIP is 1.6% (moderate). The annual accounts of EMFIP for fiscal year 2024 show a net loss of 87% of total assets and of 76% of the equity at the start of that year. The 2024 annual accounts show equity of €6,062 and a net result of -€19,307. Equity is shrinking by ~31% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. The company has been active since 2004 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
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Signals
This company filed its last 6 accounts on average 682 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 1,219 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 1,219 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €215 | - | - | - | - | - |
| Other operating charges640/8 | €1,824 | €351 | €348 | €434 | €987 | ▲ 127% |
| Gross operating margin9900 | -€19,779 | -€18,256 | -€18,151 | -€18,375 | -€18,185 | ▲ 1.0% |
| Operating profit (loss)9901 | -€21,818 | -€18,607 | -€18,499 | -€18,810 | -€19,172 | ▼ 1.9% |
| Financial charges65/66B | €73 | €50 | €48 | €124 | €135 | ▲ 8.5% |
| Recurring financial charges65 | €73 | €50 | €48 | €124 | €135 | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | -€21,890 | -€18,657 | -€18,547 | -€18,934 | -€19,307 | ▼ 2.0% |
| Profit (loss) for the period9904 | -€21,890 | -€18,657 | -€18,547 | -€18,934 | -€19,307 | ▼ 2.0% |
| Profit (loss) for the period to be appropriated9905 | -€21,890 | -€18,657 | -€18,547 | -€18,934 | -€19,307 | ▼ 2.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,022 | €74,435 | €58,079 | €40,109 | €22,303 | ▼ 44.4% |
| Fixed assets21/28 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Financial fixed assets28 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €131,522 | €72,935 | €56,579 | €38,609 | €20,803 | ▼ 46.1% |
| Amounts receivable within one year40/41 | €129,198 | €72,928 | €56,428 | €38,428 | €20,428 | ▼ 46.8% |
| Trade receivables40 | €1,292 | - | - | - | - | - |
| Other amounts receivable41 | €127,906 | €72,928 | €56,428 | €38,428 | €20,428 | ▼ 46.8% |
| Cash at bank and in hand54/58 | €1,014 | €7 | €151 | €181 | €374 | ▲ 107% |
| Deferred charges and accrued income490/1 | €1,310 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,022 | €74,435 | €58,079 | €40,109 | €22,303 | ▼ 44.4% |
| Equity10/15 | €81,506 | €62,849 | €44,303 | €25,369 | €6,062 | ▼ 76.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €148,173 | €148,173 | €148,173 | €148,173 | €148,173 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €13,000 | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Distributable reserves133 | €133,313 | €133,313 | €133,313 | €133,313 | €133,313 | = |
| Profit (loss) carried forward14 | -€72,866 | -€91,524 | -€110,070 | -€129,004 | -€148,311 | ▼ 15.0% |
| Amounts payable17/49 | €51,515 | €11,586 | €13,777 | €14,741 | €16,241 | ▲ 10.2% |
| Amounts payable within one year42/48 | €51,515 | €11,586 | €13,777 | €14,741 | €16,241 | ▲ 10.2% |
| Trade debts44 | €16,709 | - | - | - | - | - |
| Suppliers440/4 | €16,709 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €600 | - | - | - | - | - |
| Taxes450/3 | €600 | - | - | - | - | - |
| Other amounts payable47/48 | €34,207 | €11,586 | €13,777 | €14,741 | €16,241 | ▲ 10.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,890 | -€18,657 | -€18,547 | -€18,934 | -€19,307 | ▼ 2.0% |
| + Depreciation and write-downs630 | €215 | - | - | - | - | - |
| Operating cash flow (approximation) | -€21,675 | -€18,657 | -€18,547 | -€18,934 | -€19,307 | ▼ 2.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,007 | €144 | €30 | €193 | ▲ 537% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24127C0462/00G000 | Flanders | 1,778 m² | 1 · 173 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.