EMG PIETERSHEIM
Open bankruptcySummary
A bankruptcy procedure is open for EMG PIETERSHEIM according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €22k and a net result of €-23k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
70 d late
2021
31 d late
2020
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€22k▼ 50.3%
2022 · €45k
2020: €28k
2021: €39k
2022: €45k
2020 → 2023
Total assets
€345k▲ 4.1%
2022 · €331k
2020: €119k
2021: €249k
2022: €331k
2020 → 2023
Net result
€-23k
2022 · €6k
2020: €18k
2021: €12k
2022: €6k
2020 → 2023
Working capital
€-86k▼ 119%
2022 · €-39k
2020: €26k
2021: €33k
2022: €-39k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€28k-€39k▲ 41.9%€45k▲ 15.5%€22k▼ 50.3%
Operating result€19k-€14k▼ 27.0%€10k▼ 25.1%€-20k
Net result€18k-€12k▼ 34.2%€6k▼ 47.6%€-23k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €20k after €10k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €275k
Fixed assets
€112k ▼ 11.1%
Current assets
€163k ▲ 12.1%
Equity and liabilities €345k
Equity
€22k ▼ 50.3%
Debt
€322k ▲ 12.7%
Debt's share of the balance-sheet total rises from 86.4% to 93.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6k▼
2022 · €18k
Cash flow
€3k▼
2022 · €14k
Current ratio
0.65▼
2022 · 0.79
Quick ratio
0.63▼
2022 · 0.76
Debt to equity
14.39▲
2022 · 6.34
ROE
-101.4%▼
2022 · 13.4%
ROA
-6.6%▼
2022 · 1.8%
Interest coverage
2.37▼
2022 · 4.21
Debt ≤ 1 year
€249k▲
2022 · €185k
Debt > 1 year
€73k▼
2022 · €101k
Staff costs
€192k▲
2022 · €139k
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 · 2023 against 2022 · 45 lines
Balance sheet
Code20222023
Assets
Total assets20/58€331k€345k▲
Formation expenses20€60k€70k▲
Fixed assets21/28€126k€112k▼
Intangible fixed assets21€104k€99k▼
Tangible fixed assets22/27€9k€10k▲
Plant, machinery and equipment23€183€112▼
Furniture and vehicles24€4k€4k▼
Other tangible fixed assets26€5k€6k▲
Financial fixed assets28€12k€3k▼
Current assets29/58€146k€163k▲
Stocks and contracts in progress3€5k€6k▲
Stocks30/36€5k€6k▲
Amounts receivable within one year40/41€131k€135k▲
Trade receivables40€34k€83k▲
Other amounts receivable41€97k€51k▼
Cash at bank and in hand54/58€9k€22k▲
Equity and liabilities
Total equity and liabilities10/49€331k€345k▲
Equity10/15€45k€22k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€35k€12k▼
Amounts payable17/49€286k€322k▲
Amounts payable after more than one year17€101k€73k▼
Financial debts170/4€101k€73k▼
Amounts payable within one year42/48€185k€249k▲
Trade debts44€111k€186k▲
Suppliers440/4€111k€186k▲
Taxes, remuneration and social security45€54k€55k▲
Taxes450/3€23k€20k▼
Remuneration and social security454/9€30k€35k▲
Other amounts payable47/48€21k€8k▼
Income statement
Code20222023
Remuneration, social security and pensions62€139k€192k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€26k▲
Other operating charges640/8€8k€9k▲
Gross operating margin9900€165k€207k▲
Operating profit (loss)9901€10k€-20k▼
Financial income75/76B€101-
Recurring financial income75€101-
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€6k€-23k▼
Profit (loss) for the period9904€6k€-23k▼
Profit (loss) for the period to be appropriated9905€6k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€12k▼
Profit (loss) brought forward from the previous period14P€29k€35k▲
Social balance
Average headcount (FTE)90874.54.7▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · EMG PIETERSHEIM BV KONING ALBERTLAAN 255, 3620 LANAKEN · event 16-01-2025
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-23k ▼476%
Net result drops to €-23k, the lowest in the series.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lanaken · 1 establishment unit since 2019
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.
Koning Albertlaan 2553620 LanakenGround area
3,254 m²
Building footprint
392 m²
Volume, LiDAR
5,026 m³
Parcel 73322A0453/00A000, Flanders · tallest building 18.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
EMG Pietersheim BV
since 20192.292.997.747
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73322A0453/00A000 ProtectedCultural-historical landscape · MonumentKasteel Pietersheim: burcht- en kasteelruïne met omgrachtingSource ↗ |
Flanders | 3,254 m² | 1 · 392 m² | 18.9 m · 4 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KARL VANSTIPELEN STATIONSSTRAAT 108,
3400 LANDEN |
16-01-2025 → present |
| Curator | WINNY
TIRMARCHE STATIONSSTRAAT 108A 108, 3400 LANDEN- |
16-01-2025 → present |
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Of 2,394 companies in sector 55100 we hold annual accounts for 1,517. 704 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 formPrivate limited company
Founded05-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.