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EMIGJORN

Active
Private limited companyfounded 20233 yrs activeAachener Strasse 208, 4730 Raeren, BelgiumKBO/BCE: BE 0799.129.352
Summary

The computed 12-month bankruptcy probability of EMIGJORN is 2.6% (moderate). The 2025 annual accounts show equity of €30,038 and a net result of -€5,088. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 56% of 18716 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability12▼-72
Solvency66=
Growth52=
Track record94
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.09 against 1.12 in 2024; short-term debt: 58.5% and cash: 3.9% of total assets), and 58.5% of the assets are financed with debt.
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Signals

Five 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
41.5%
Return on assets
-7%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 3 filings
Deviation from the deadline
2025
20 d late
2024
29 d early
2023
48 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 13 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 20 August (3 of the last 3 filed years within 49 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

EMIGJORN was incorporated on 3 March 2023 as a Private limited company.1 Total assets rose from EUR 52,594 in 2023 to EUR 72,383 in 2025 and headcount from 1 to 1.2 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€30,038▼ 14.5%
2024 · €35,126
Total assets
€72,383▼ 14.5%
2024 · €84,704
Net result
-€5,088
2024 · €10,495
Working capital
€3,868▼ 34.8%
2024 · €5,932
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 47, Retail trade, 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
Line202320242025
Operating result€27,610-€16,344▼ 40.8%-€3,603
Net result€19,631within the sector's middle half-€10,495within the sector's middle half▼ 46.5%-€5,088below the sector's middle half
Equity€24,631within the sector's middle half-€35,126within the sector's middle half▲ 42.6%€30,038within the sector's middle half▼ 14.5%
Total assets€52,594below the sector's middle half-€84,704within the sector's middle half▲ 61.1%€72,383within the sector's middle half▼ 14.5%
Debt€27,963-€49,578▲ 77.3%€42,345▼ 14.6%
Working capital€3,194within the sector's middle half-€5,932within the sector's middle half▲ 85.7%€3,868within the sector's middle half▼ 34.8%
Solvency46.8%within the sector's middle half-41.5%within the sector's middle half▼ 5.4pp41.5%within the sector's middle half=
Current ratio1.11within the sector's middle half-1.12within the sector's middle half▲ 0.011.09within the sector's middle half▼ 0.03
Return on assets (ROA)37.3%above the sector's middle half-12.4%above the sector's middle half▼ 24.9pp-7.0%below the sector's middle half▼ 19.4pp
Staff (FTE)1-1.4▲ 40.0%1.2▼ 14.3%
above within below the middle half (P25 to P75) of NACE 47, Retail trade, 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 per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000€30,000Operating result 2023: €27,610€27,610Net result 2023: €19,631€19,631Operating result 2024: €16,344€16,344Net result 2024: €10,495€10,495Operating result 2025: -€3,603-€3,603Net result 2025: -€5,088-€5,088202320242025-€10,000€0€10,000€20,000€30,000Operating result 2023: €27,610€27,600Net result 2023: €19,631€19,600Operating result 2024: €16,344€16,300Net result 2024: €10,495€10,500Operating result 2025: -€3,603-€3,600Net result 2025: -€5,088-€5,090202320242025
The operating result turns negative in 2025: a loss of €3,603 after €16,344 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,383
Fixed assets €26,170 ▼ 13.2%
Current assets €46,213 ▼ 15.3%
Equity and liabilities €72,383
Equity €30,038 ▼ 14.5%
Debt €42,345 ▼ 14.6%
Debt's share of the balance-sheet total stays at 58.5%.
Key figures and ratios
2025 value · change against 2024
EBITDA
€374▼
2024 · €20,146
Cash flow
-€1,111▼
2024 · €14,297
Quick ratio
0.96▲
2024 · 0.91
Debt to equity
1.41▼
2024 · 1.41
ROE
-16.9%▼
2024 · 29.9%
Interest coverage
0.25▼
2024 · 8.58
Debt ≤ 1 year
€42,345▼
2024 · €48,625
Debt > 1 year
€0
Staff costs
€12,193▼
2024 · €16,003
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,146 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
2.2% went bankrupt
5.9% stopped otherwise
92% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,146 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€84,704€72,383▼
Fixed assets21/28€30,147€26,170▼
Tangible fixed assets22/27€30,147€26,170▼
Land and buildings22€21,847€19,404▼
Plant, machinery and equipment23€8,301€6,766▼
Current assets29/58€54,557€46,213▼
Stocks and contracts in progress3€10,199€5,545▼
Stocks30/36€10,199€5,545▼
Amounts receivable within one year40/41€36,981€37,864▲
Trade receivables40€36,851€37,864▲
Other amounts receivable41€130€0▼
Cash at bank and in hand54/58€7,378€2,804▼
Deferred charges and accrued income490/1-€0
Equity and liabilities
Total equity and liabilities10/49€84,704€72,383▼
Equity10/15€35,126€30,038▼
Contributions10/11€5,000€5,000=
Reserves13€30,100€25,000▼
Distributable reserves133€30,100€25,000▼
Profit (loss) carried forward14€26€38▲
Amounts payable17/49€49,578€42,345▼
Amounts payable after more than one year17-€0
Financial debts170/4-€0
Amounts payable within one year42/48€48,625€42,345▼
Trade debts44€26,842€27,306▲
Suppliers440/4€26,842€27,306▲
Taxes, remuneration and social security45€21,784€13,686▼
Taxes450/3€19,556€9,896▼
Remuneration and social security454/9€2,228€3,790▲
Other amounts payable47/48€0€1,353▲
Accrued charges and deferred income492/3€953-
Income statement Code20242025
Remuneration, social security and pensions62€16,003€12,193▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,803€3,977▲
Other operating charges640/8€1,150€518▼
Gross operating margin9900€37,300€13,086▼
Operating profit (loss)9901€16,344-€3,603▼
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€2,348€1,485▼
Recurring financial charges65€2,348€1,485▼
Profit (loss) for the period before taxes9903€13,998-€5,088▼
Income taxes67/77€3,503-
Profit (loss) for the period9904€10,495-€5,088▼
Profit (loss) for the period to be appropriated9905€10,495-€5,088▼
Appropriation of the result
Profit (loss) to be appropriated9906€11,126-€5,062▼
Profit (loss) brought forward from the previous period14P€631€26▼
Transfer from equity791/2-€5,100
Transfer to equity691/2€11,100-
To other reserves6921€11,100-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€6,539€16,003€12,193▼ 23.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€241€3,803€3,977▲ 4.6%
Other operating charges640/8€1,230€1,150€518▼ 54.9%
Gross operating margin9900€35,620€37,300€13,086▼ 64.9%
Operating profit (loss)9901€27,610€16,344-€3,603▼ 122%
Financial income75/76B-€2€0▼ 99.4%
Recurring financial income75-€2€0▼ 99.4%
Financial charges65/66B€1,619€2,348€1,485▼ 36.7%
Recurring financial charges65€1,619€2,348€1,485▼ 36.7%
Profit (loss) for the period before taxes9903€25,990€13,998-€5,088▼ 136%
Income taxes67/77€6,359€3,503--
Profit (loss) for the period9904€19,631€10,495-€5,088▼ 148%
Profit (loss) for the period to be appropriated9905€19,631€10,495-€5,088▼ 148%
Line202320242025Change
Assets
Total assets20/58€52,594€84,704€72,383▼ 14.5%
Fixed assets21/28€21,438€30,147€26,170▼ 13.2%
Tangible fixed assets22/27€21,438€30,147€26,170▼ 13.2%
Land and buildings22€19,605€21,847€19,404▼ 11.2%
Plant, machinery and equipment23€1,833€8,301€6,766▼ 18.5%
Current assets29/58€31,156€54,557€46,213▼ 15.3%
Stocks and contracts in progress3€9,755€10,199€5,545▼ 45.6%
Stocks30/36€9,755€10,199€5,545▼ 45.6%
Amounts receivable within one year40/41€9,944€36,981€37,864▲ 2.4%
Trade receivables40€9,944€36,851€37,864▲ 2.7%
Other amounts receivable41€0€130€0▼ 100%
Cash at bank and in hand54/58€11,457€7,378€2,804▼ 62.0%
Deferred charges and accrued income490/1--€0-
Equity and liabilities
Total equity and liabilities10/49€52,594€84,704€72,383▼ 14.5%
Equity10/15€24,631€35,126€30,038▼ 14.5%
Contributions10/11€5,000€5,000€5,000=
Reserves13€19,000€30,100€25,000▼ 16.9%
Distributable reserves133€19,000€30,100€25,000▼ 16.9%
Profit (loss) carried forward14€631€26€38▲ 45.8%
Amounts payable17/49€27,963€49,578€42,345▼ 14.6%
Amounts payable after more than one year17--€0-
Financial debts170/4--€0-
Amounts payable within one year42/48€27,963€48,625€42,345▼ 12.9%
Trade debts44€5,333€26,842€27,306▲ 1.7%
Suppliers440/4€5,333€26,842€27,306▲ 1.7%
Taxes, remuneration and social security45€22,574€21,784€13,686▼ 37.2%
Taxes450/3€19,571€19,556€9,896▼ 49.4%
Remuneration and social security454/9€3,003€2,228€3,790▲ 70.1%
Other amounts payable47/48€55€0€1,353-
Accrued charges and deferred income492/3-€953--
Line202320242025Change
Profit (loss) for the period9904€19,631€10,495-€5,088▼ 148%
+ Depreciation and write-downs630€241€3,803€3,977▲ 4.6%
Operating cash flow (approximation)€19,872€14,297-€1,111▼ 108%
Investment in fixed assets (approximation)--€12,512€0▲ 100%
Change in cash--€4,080-€4,574▼ 12.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
20-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial Weakest financial yearnet -€5,088
Net result drops to -€5,088, the lowest in the series.
02-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
17-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Raeren · 1 establishment unit since 2023
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.

Aachener Strasse 2084730 Raeren
1 establishment unit
EMIGJORN
Aachener Strasse 208, 4730 RaerenRetail sale of women's outerwear
since 20232.343.406.172

Similar companies · same sector, comparable size

Of 2,215 companies in this sector we hold annual accounts for 888. 656 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded03-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47721Retail sale of footwear
47722Retail trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0799129352
Also 9925:BE0799129352
Registered 26-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.