Equity
-€1,735
Debts exceed assets in financial year 2025.
EMG RETAIL
Lifetime
4 annual accounts with figures on one time axispeak €99,650 (2023)
€68,314▲ 129%
lowest -€87,410 (2024)
€41,764▲ €129,174
peak €50,494 (2022)
-€1,735▲ €41,764
€20,143▼ 93.7%
Board2 names since 2021
1 directorGÖLGER Emanuel
Documentsfilings and deeds
03-02-20263 days late
2025micro format
Gross margin from €29,824 to €68,314Back to profit: €41,764Equity from -€43,499 to -€1,735Debts from €318,064 to €20,143Cash from €50,982 to €5,607
Key points
from the 2025 annual accountsResult
€41,764 €41,764
Back in profit in 2025, after a loss of €87,410 in 2024.
Turnover
≈ €730,000 estimated
The micro format states no turnover.
Debts
€20,143 109% of the balance sheet
Filings
4 annual accounts 3 late
The 2024 accounts came latest: 7 days after the end of the period.
Position in the sector
-9.4%
Lower solvency than 81% of companies in retail trade. Sector median 33.1% · 22,924 companies.
Checked score
56
Fair
Financially stronger than 60% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%lowest value
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 1.3%▲ +0.4 percentage points vs 01-2025
03-2025: 1.8%▲ +0.5 percentage points vs 02-2025
04-2025: 1.8%● unchanged vs 03-2025
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 1.8%● unchanged vs 05-2025
07-2025: 1.8%● unchanged vs 06-2025
08-2025: 1.6%▼ -0.2 percentage points vs 07-2025
09-2025: 1.6%● unchanged vs 08-2025
10-2025: 1.6%● unchanged vs 09-2025
11-2025: 1.7%▲ +0.1 percentage points vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.7%● unchanged vs 12-2025
02-2026: 2.4%▲ +0.7 percentage points vs 01-2026highest value
03-2026: 1.1%▼ -1.3 percentage points vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.1%● unchanged vs 07-2026
09-2026: 1.1%● unchanged vs 08-2026
10-2026: 1.2%▲ +0.1 percentage points vs 09-2026
11-2026: 1.3%▲ +0.1 percentage points vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Founded in 2021
Negative equity -€1,735
Sector: Retail trade (NACE 47)
lowers risk
Liquidity: current ratio 0.52, cash €5,607, halved
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 16% of them on solvency, 36% on liquidity, 96% on profitability and 92% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,017 companies had the same profile as EMG RETAIL has now. Each dot stands for 3 companies, two years later.
89.2%
were still trading
4.0%
stopped another way
6.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EMG RETAIL itself is lower: 1.3% within 12 months. It rests on far more data about EMG RETAIL than the profile alone.
Test of the method
The method was tested on the 497,447 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 1,017 companies, not a prediction for EMG RETAIL. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.52 (0.48 in 2024), below 1. Short-term debt is 109.4% and cash 30.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 22924 sector peers (2025).
NBB · sector comparisonPosition among 22924 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · 2025 accounts filed 3 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
3 days late
2024
7 days late
2023
1 day late
2022
4 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 2 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 2 February (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Board and ownership
- GÖLGER Emanuel 500 sharesdeed of 01-12-2021
- GECER Mélanie Tania 500 sharesdeed of 01-12-2021
Recent changes
Resignation: Gecer Mélanie (director)
General meeting of 19-06-2024 · Gazette deed
First establishment
Merenstraat 1, Tervuren
Incorporation
Founding capital of €50,000, 1,000 shares · Founders: GÖLGER Emanuel (comparant) and GECER Mélanie Tania (comparant) · Appointments: GÖLGER Emanuel (director) and GECER Mélanie Tania (director) · published on 01-12-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EMG RETAIL Tervuren | - | - | -9.4% | - |
| C.GIUCA Profondeville | - | - | -37.5% | - |
| KHAISTA EXPRESS Namur | €322,073 | 6.2% | 62.7% | - |
| BENGAL BSK Sint-Gillis (bij-Brussel) | - | - | -40.3% | - |
| REINE EXPRESS Schaerbeek | - | - | 72.8% | - |
| HF EXPRESS Antwerp | €404,390 | 4.9% | 87.4% | - |
| DELJEET Antwerp | €342,741 | 1.8% | -61.7% | - |
These companies have the same main activity as EMG RETAIL: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €16,000 and €24,900, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 29-11-2021Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committee
- 201Independent retail · annual accounts 30-06-2022
- Establishment unit
- 2.324.678.8383080 Tervuren, since 15-12-2021
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Insights on EMG RETAIL
EMG RETAIL files the micro format. That format states no turnover. The gross margin rose from €22,271 in 2022 to €68,314 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EMG RETAIL
- What is the company number of EMG RETAIL?
- The company number of EMG RETAIL is 0777.805.980. The VAT number is the same number with BE in front: BE 0777.805.980.
- Where is EMG RETAIL based?
- The registered office is at Merenstraat 1, 3080 Tervuren.Company details
- What does EMG RETAIL do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of EMG RETAIL?
- EMG RETAIL is a private limited company (BV).
- When was EMG RETAIL founded?
- EMG RETAIL was founded on 29-11-2021.
- Is EMG RETAIL still active?
- Yes, EMG RETAIL is an active enterprise in the KBO register.
- How many employees does EMG RETAIL have?
- EMG RETAIL had an average of 0.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does EMG RETAIL fall under?
- In its 30-06-2022 annual accounts, EMG RETAIL states joint committee 201 (Independent retail).
- What is the turnover of EMG RETAIL?
- The turnover in financial year 2025 is ≈ €730,000. This figure is estimated from the gross margin of €68,314 and 98 comparable companies (NACE 47110). It probably lies between €510,000 and €1.1m.
- Is EMG RETAIL profitable?
- In financial year 2025, EMG RETAIL made a profit of €41,764.
- Where can I find the annual accounts of EMG RETAIL?
- EMG RETAIL filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EMG RETAIL due?
- EMG RETAIL must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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