Equity
€277,660 ▲ 4.1%
EMIFRA has made a profit without a break since 2018.
EMIFRA
Lifetime
20 annual accounts with figures on one time axis, 40 filings since 1986peak €56,996 (2018)
€35,858▼ 12.2%
lowest -€3,744 (2017)
€10,958▼ 18.6%
peak €277,660 (2025)
€277,660▲ 4.1%
€28,172▲ 14.8%
Board2 names since 2019
2 directorsEmilienne Marie-Thérèse Lemaire and 1 other
Documentsfilings and deeds
08-06-202653 days before the deadline
2025micro format
Gross margin from €40,843 to €35,858
Key points
from the 2025 annual accountsChecked score
97
Excellent
Financially stronger than 73% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
No main activity registered
lowers risk
Size: total assets €305,832
Liquidity: current ratio 7.51, cash €203,486
Equity €277,660 (90.8% of total assets)
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 (no NACE code, micro). It does better than 81% of them on solvency, 95% on liquidity, 54% on profitability and 59% on growth.
The bankruptcy probability was computed on 07-11-2026 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).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as EMIFRA has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EMIFRA itself: < 0.1% within 12 months.
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 17,041 companies, not a prediction for EMIFRA. 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
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.51 (7.82 in 2024), above the usual 1.5. Short-term debt is 9.2% and cash 66.5% of total assets. 9.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 days early
2024
31 days early
2023
22 days early
2022
41 days early
2021
47 days early
2020
43 days early
2019
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 39 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0428657747
2 directors resigning, 2 reappointments
Resignations: Emilienne Marie-Thérèse Lemaire and Lieven Emiel Germain Gryp · Reappointments: Emilienne Marie-Thérèse Lemaire (director) and Lieven Emiel Germain Gryp (director) · “Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met…” (deed in Dutch) · Gazette deed
First establishment
Neromstraat 170, Meise
Incorporation
published on 08-04-1986 · Gazette deed
Official details
Source: KBO- Status
- Active since 18-03-1986Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.029.380.8471861 Meise, since 10-07-1987
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2024
Annual accounts 2025
- €305,832▲ 5.0%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on EMIFRA
EMIFRA files the micro format. That format states no turnover. The gross margin rose from €26,785 in 2006 to €35,858 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 EMIFRA
- What is the company number of EMIFRA?
- The company number of EMIFRA is 0428.657.747. The VAT number is the same number with BE in front: BE 0428.657.747.
- Where is EMIFRA based?
- The registered office is at Neromstraat 107, 1861 Meise.Company details
- What is the legal form of EMIFRA?
- EMIFRA is a private limited company (BV).
- When was EMIFRA founded?
- EMIFRA was founded on 18-03-1986.
- Is EMIFRA still active?
- Yes, EMIFRA is an active enterprise in the KBO register.
- What is the turnover of EMIFRA?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €35,858 and 2,940 comparable companies of the same size. It probably lies between €87,000 and €260,000. It is a rough estimate.Financials
- Is EMIFRA profitable?
- In financial year 2025, EMIFRA made a profit of €10,958.
- Where can I find the annual accounts of EMIFRA?
- EMIFRA filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EMIFRA due?
- EMIFRA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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