Equity
EMIDAN has made a profit without a break since 2020.
EMIDAN has made a profit without a break since 2020.
The micro format states no turnover.
Of this, €135,234 falls due within a year.
Green is investment, beige is depreciation.
The 2024 accounts came 71 days late. The other six were filed on time.
Higher gross margin than 82% of companies in real estate. Sector median €40,720 · 17,131 companies.
The dashed line is the sector median: 0.2% across 26,628 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 36% of them on solvency, 61% on liquidity, 69% on profitability and 85% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
In July 2024, 2,372 companies had the same profile as EMIDAN has now. Each dot stands for 6 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EMIDAN itself is lower: 0.2% within 12 months. It rests on far more data about EMIDAN than the profile alone.
The method was tested on the 497,446 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 2,372 companies, not a prediction for EMIDAN. 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.
Liquidity is tight, with a current ratio of 1.13 (0.84 in 2024), below the usual 1.5. Short-term debt is 16.2% and cash 5.3% of total assets. 84.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| EMIDAN Zwevegem | €0.8m | €143,141 | 15.1% | - |
| IMMO MOULIN Fléron | €1.0m | €108,428 | 15.7% | - |
| IMMOBILIERE GIARRA Binche | €1.1m | €131,636 | 15.5% | - |
| ADGN WORLD INVEST Mons | €1.1m | €171,326 | 13.6% | - |
| PASTROEL Temse | €0.8m | €74,097 | 56.1% | - |
| Immo Lem Andenne | €1.6m | €133,018 | 3.8% | - |
| ELO IMMO Brussels | €0.6m | €65,845 | -6.2% | - |
These companies have the same main activity as EMIDAN: real estate activities (NACE 68204). They are comparable in size and age: total assets between €616,000 and €1.6m, founded between 2015 and 2019.
EMIDAN files the micro format. That format states no turnover. The gross margin rose from €125,436 in 2019 to €143,141 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.
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