EMGECO
ActiveSummary
EMGECO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €667,629 and a net result of €216,890. Equity is growing by ~44.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
How big
€4.1mtotal assets 2025
- Equity
- €667,629
- Profit
- €216,890
Turnover not published (abridged schema)
Who decides
- Holdings
- 1
Accounts 58 d early0 of 2 deeds read
Why 64- Limited track record- Weak solvency vs sector+ Lower-failure-rate sector+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-2
Solvency41▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.33 in 2024; short-term debt: 6.1% and cash: 1.3% of total assets), and 83.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
16.5%
Return on assets
5.3%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 32629 sector peers (2025).
NBB · sector comparisonPosition among 32629 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
58 d early
2024
29 d early
2023
57 d early
2022
61 d early
2021
30 d early
2020
47 d early
2019
44 d early
← 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 47 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 5 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Equity above €500,000Eq €667,629 ▲48.1%
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €4.1mProfit €216,890Solvency 16.5%Liquidity 1.03
Total assets
€4.1m▼ 0.4%
2019 - 2025
Net result
€216,890▼ 8.8%
2019 - 2025
Equity
€667,629▲ 48.1%
2019 - 2025
Solvency
16.5%▲ 5.4pp
2019 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.04m▼ 35.4%€0.03m▼ 4.8%€0.1m▲ 267%€0.5m▲ 312%€0.5m▼ 10.6%
Net result€0.02mwithin the sector's middle half▼ 40.5%€0.02mwithin the sector's middle half▲ 3.5%€0.06mwithin the sector's middle half▲ 146%€0.2mabove the sector's middle half▲ 297%€0.2mabove the sector's middle half▼ 8.8%
Equity€0.1mwithin the sector's middle half▲ 22.3%€0.2mwithin the sector's middle half▲ 18.9%€0.2mwithin the sector's middle half▲ 39.1%€0.5mabove the sector's middle half▲ 112%€0.7mabove the sector's middle half▲ 48.1%
Total assets€0.2mwithin the sector's middle half▲ 14.1%€0.2mwithin the sector's middle half▲ 0.5%€4.1mabove the sector's middle half▲ 2,251%€4.1mabove the sector's middle half▲ 0.6%€4.1mabove the sector's middle half▼ 0.4%
Debt€0.04m▼ 4.9%€0.02m▼ 54.8%€3.8m▲ 19,712%€3.6m▼ 5.6%€3.4m▼ 6.5%
Working capital€0.1mwithin the sector's middle half▲ 22.3%€0.2mabove the sector's middle half▲ 18.9%€0.03mwithin the sector's middle half▼ 79.0%€0.07mwithin the sector's middle half▲ 110%€0.008mwithin the sector's middle half▼ 88.9%
Solvency75.0%within the sector's middle half▲ 5.0pp88.8%above the sector's middle half▲ 13.8pp5.3%below the sector's middle half▼ 83.5pp11.1%below the sector's middle half▲ 5.8pp16.5%below the sector's middle half▲ 5.4pp
Current ratio4.00within the sector's middle half▲ 0.678.89above the sector's middle half▲ 4.891.15within the sector's middle half▼ 7.751.33within the sector's middle half▲ 0.181.03within the sector's middle half▼ 0.30
Return on assets (ROA)13.7%within the sector's middle half▼ 12.6pp14.1%within the sector's middle half▲ 0.4pp1.5%below the sector's middle half▼ 12.6pp5.8%within the sector's middle half▲ 4.4pp5.3%within the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.1m
Fixed assets
€3.8m =
Current assets
€255,684 ▼ 6.6%
Equity and liabilities €4.1m
Equity
€667,629 ▲ 48.1%
Debt
€3.4m ▼ 6.5%
Debt's share of the balance-sheet total falls from 88.9% to 83.5%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€451,703
Cash flow
€216,935
Debt to equity
5.08▼
2024 · 8.04
ROE
32.5%▼
2024 · 52.8%
Interest coverage
2.96
Debt ≤ 1 year
€248,181▲
2024 · €206,345
Debt > 1 year
€3.1m▼
2024 · €3.4m
Income taxes
€82,035▼
2024 · €95,942
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €45 | - |
| Other operating charges640/8 | €120 | €122 | €132 | €141 | €188 | ▲ 33.6% |
| Gross operating margin9900 | €35,185 | €33,498 | €122,731 | €505,260 | €451,891 | ▼ 10.6% |
| Operating profit (loss)9901 | €35,065 | €33,376 | €122,599 | €505,120 | €451,658 | ▼ 10.6% |
| Financial income75/76B | €91 | €103 | €0 | - | - | - |
| Recurring financial income75 | €91 | €103 | €0 | - | - | - |
| Financial charges65/66B | €2,863 | €60 | €31,100 | €171,238 | €152,733 | ▼ 10.8% |
| Recurring financial charges65 | €2,863 | €60 | €31,100 | €171,238 | €152,733 | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | €32,294 | €33,420 | €91,500 | €333,881 | €298,925 | ▼ 10.5% |
| Income taxes67/77 | €8,821 | €9,124 | €31,638 | €95,942 | €82,035 | ▼ 14.5% |
| Profit (loss) for the period9904 | €23,473 | €24,296 | €59,862 | €237,939 | €216,890 | ▼ 8.8% |
| Profit (loss) for the period to be appropriated9905 | €23,473 | €24,296 | €59,862 | €237,939 | €216,890 | ▼ 8.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.2m | €0.2m | €4.1m | €4.1m | €4.1m | ▼ 0.4% |
| Fixed assets21/28 | - | - | €3.8m | €3.8m | €3.8m | = |
| Tangible fixed assets22/27 | - | - | - | - | €0.001m | - |
| Other tangible fixed assets26 | - | - | - | - | €0.001m | - |
| Financial fixed assets28 | - | - | €3.8m | €3.8m | €3.8m | = |
| Current assets29/58 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 6.6% |
| Amounts receivable within one year40/41 | €0.01m | €0.01m | €0.03m | €0.05m | €0.06m | ▲ 9.0% |
| Trade receivables40 | €0.01m | €0.01m | €0.03m | €0.03m | €0.05m | ▲ 100% |
| Other amounts receivable41 | €0.001m | €0.002m | €0.004m | €0.02m | €0.002m | ▼ 91.6% |
| Current investments50/53 | €0.05m | €0.05m | €0.05m | €0.05m | €0.1m | ▲ 210% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.2m | €0.2m | €0.05m | ▼ 69.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.2m | €0.2m | €4.1m | €4.1m | €4.1m | ▼ 0.4% |
| Equity10/15 | €0.1m | €0.2m | €0.2m | €0.5m | €0.7m | ▲ 48.1% |
| Contributions10/11 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.1m | €0.1m | €0.2m | €0.4m | €0.7m | ▲ 49.5% |
| Non-distributable reserves130/1 | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | €0.002m | €0.002m | €0 | - | - | - |
| Distributable reserves133 | €0.1m | €0.1m | €0.2m | €0.4m | €0.7m | ▲ 49.5% |
| Amounts payable17/49 | €0.04m | €0.02m | €3.8m | €3.6m | €3.4m | ▼ 6.5% |
| Amounts payable after more than one year17 | - | - | €3.6m | €3.4m | €3.1m | ▼ 8.1% |
| Financial debts170/4 | - | - | €3.6m | €3.4m | €3.1m | ▼ 8.1% |
| Amounts payable within one year42/48 | €0.04m | €0.02m | €0.2m | €0.2m | €0.2m | ▲ 20.3% |
| Current portion of amounts payable after more than one year42 | - | - | €0.2m | €0.2m | €0.2m | ▲ 3.8% |
| Trade debts44 | €2 | €47 | €102 | €0.001m | €0.001m | ▼ 15.6% |
| Suppliers440/4 | €2 | €47 | €102 | €0.001m | €0.001m | ▼ 15.6% |
| Taxes, remuneration and social security45 | €0.04m | €0.02m | €0.03m | €0.04m | €0.03m | ▼ 5.2% |
| Taxes450/3 | €0.04m | €0.02m | €0.03m | €0.04m | €0.03m | ▼ 5.2% |
| Other amounts payable47/48 | - | - | €0.01m | €0 | €0.04m | - |
| Accrued charges and deferred income492/3 | - | - | €0.01m | €0.07m | €0.06m | ▼ 8.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,473 | €24,296 | €59,862 | €237,939 | €216,890 | ▼ 8.8% |
| + Depreciation and write-downs630 | - | - | - | - | €45 | - |
| Operating cash flow (approximation) | €23,473 | €24,296 | €59,862 | €237,939 | €216,935 | ▼ 8.8% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€1,000 | - |
| Change in cash | - | €683 | €58,636 | €3,384 | -€122,585 | ▼ 3,722% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
Benoît Jacquart Management
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Tervuren · Eq €667,682
TOMSTEEL
BE 0475.272.581
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PARTNERS IN MARKETING
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NYS-VANDEBROEK EMPIRE
BE 0733.843.305
Heusden-Zolder · Eq €667,721
Of 82,601 companies in this sector we hold annual accounts for 52,629. 32,067 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
1 holding
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
38.02%
According to the 2025 annual accounts of EMGECO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 2 Gazette acts processed.
Timeline
14 eventsLatest 03-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €500,000Eq €667,629 ▲48.1%
7 profitable years in a row build equity to €667,629.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €237,939 ▲297%
Operating result €505,120, net result €237,939, both a record.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €212,801 ▲39.1%
5 profitable years in a row build equity to €212,801.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 8.89
Current ratio from 4.00 to 8.89; short-term debt falls from €42,888 to €19,378.
31-12
Financial
Equity above €150,000Eq €152,939 ▲18.9%
4 profitable years in a row build equity to €152,939.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €23,473 ▼40.5%
Net result drops to €23,473, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €105,170 ▲60%
2 profitable years in a row build equity to €105,170.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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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Support & recognitions
1 register with a recognitionLEI lapsed
LEI
not active
6994004AJEEWTVXOXC51
Recognitions · licences · registrations
Legal Entity Identifier
6994004AJEEWTVXOXC51
Company details
Private limited company · founded 03-07-2018Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded03-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699533415
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Maldegem · 1 establishment unit since 2018
Ground area
1,167 m²
Building footprint
165 m²
Volume, LiDAR
602 m³
Parcel 43503H0045/00A000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
EMGECO
since 2018unit no. 2.277.566.334
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43503H0045/00A000 | Flanders | 1,167 m² | 1 · 165 m² | 6.2 m · 1 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.
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