EMG RETAIL
ActiveThe computed 12-month bankruptcy probability of EMG RETAIL is 2.4% (moderate). The 2025 annual accounts show negative equity (€-2k) and a net result of €42k. Equity is shrinking by ~46% per year across the filed fiscal years. Its solvency ranks better than 19% of 18035 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
16
/ 100
Critical▲ +9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency34▲+1
Growth58▲+26
Stability94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.48 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-9.4%
Return on assets
226.9%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 18035 sector peers (2025).
NBB · sector comparisonPosition among 18035 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
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. 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
3 d late
2024
7 d late
2023
1 d late
2022
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-2k▲ 96.0%
2024 · €-43k
2022: €50k
2023: €44k
2024: €-43k
2022 → 2025
Total assets
€18k▼ 93.3%
2024 · €275k
2022: €309k
2023: €387k
2024: €275k
2022 → 2025
Net result
€42k
2024 · €-87k
2022: €494
2023: €-7k
2024: €-87k
2022 → 2025
Working capital
€-10k▲ 91.5%
2024 · €-114k
2022: €-47k
2023: €-43k
2024: €-114k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€50k-€44k▼ 13.0%€-43k€-2k▲ 96.0%
Operating result€5k-€5k▼ 2.5%€-81k€46k
Net result€494-€-7k€-87k▼ 1,228%€42k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €46k after a loss of €81k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18k
Fixed assets
€8k▼ 95.4%
Current assets
€10k▼ 89.8%
Key figures and ratios
EBITDA
€48k▲
2024 · €-44k
Cash flow
€44k▲
2024 · €-50k
Solvency
-9.4%▲
2024 · -15.8%
Current ratio
0.52▲
2024 · 0.48
Quick ratio
0.52▲
2024 · 0.25
Debt / equity
-11.61▼
2024 · -7.31
ROA
226.9%▲
2024 · -31.8%
Interest coverage
12.25▲
2024 · -6.96
Debt
€20k▼
2024 · €318k
Debt ≤ 1 year
€20k▼
2024 · €217k
Staff costs
€19k▼
2024 · €70k
A ratio outside any meaningful range has been withheld (balance sheet total €18k, equity €-2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€275k€18k▼
Fixed assets21/28€171k€8k▼
Tangible fixed assets22/27€166k€3k▼
Plant, machinery and equipment23€2k-
Furniture and vehicles24€7k€3k▼
Other tangible fixed assets26€158k-
Financial fixed assets28€5k€5k=
Current assets29/58€103k€10k▼
Stocks and contracts in progress3€50k-
Stocks30/36€50k-
Amounts receivable within one year40/41€2k€5k▲
Other amounts receivable41€2k€5k▲
Cash at bank and in hand54/58€51k€6k▼
Deferred charges and accrued income490/1€376-
Equity and liabilities
Total equity and liabilities10/49€275k€18k▼
Equity10/15€-43k€-2k▲
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-93k€-52k▲
Amounts payable17/49€318k€20k▼
Amounts payable after more than one year17€101k-
Financial debts170/4€101k-
Amounts payable within one year42/48€217k€20k▼
Current portion of amounts payable after more than one year42€25k-
Trade debts44€182k€17k▼
Suppliers440/4€182k€17k▼
Taxes, remuneration and social security45€7k-
Remuneration and social security454/9€7k-
Other amounts payable47/48€3k€3k▲
Income statement
Code20242025
Non-recurring operating income76A-€64k
Remuneration, social security and pensions62€70k€19k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€2k▼
Other operating charges640/8€4k€1k▼
Gross operating margin9900€30k€68k▲
Operating profit (loss)9901€-81k€46k▲
Financial income75/76B-€10
Recurring financial income75-€10
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€-87k€42k▲
Profit (loss) for the period9904€-87k€42k▲
Profit (loss) for the period to be appropriated9905€-87k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-93k€-52k▲
Profit (loss) brought forward from the previous period14P€-6k€-93k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
30-06
Financial
Back to profitnet €42k
Net result €42k after 2 loss-making years.
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
30-06
Financial
Weakest financial yearnet €-87k
Net result drops to €-87k, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial 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, Tervuren · 1 establishment unit since 2021
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.
Merenstraat 13080 TervurenGround area
353 m²
Building footprint
201 m²
Volume, LiDAR
2,037 m³
Parcel 24023B0129/00C000, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
EMG RETAIL
since 20212.324.678.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24023B0129/00C000 | Flanders | 353 m² | 1 · 201 m² | 12.7 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 10,979 EUR awarded · 6,587 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2022 | 1 | 10,979 EUR | 6,587 EUR |
Schemes
Ecologiepremie+
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Of 10,412 companies in sector 47110 we hold annual accounts for 5,786. 4,546 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-2021
Fiscal year end30-06
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.