Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Lower solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 21,208 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
About 4 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 62, micro). It does better than 3% of them on solvency, 6% on liquidity and 5% on profitability.
The bankruptcy probability was computed on 10-11-2026 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, 7,639 companies had the same profile as Emis has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Emis itself is lower: 0.4% within 12 months. It rests on far more data about Emis than the profile alone.
The method was tested on the 497,448 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 7,639 companies, not a prediction for Emis. 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 insufficient, with a current ratio of 0.19, below 1. Short-term debt is 238.3% and cash 13.5% of total assets. Equity is negative.
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.
| Company | ||||
|---|---|---|---|---|
| Emis Brussels | - | - | -138.3% | - |
| Kevlar77 Ixelles | - | - | 37.5% | - |
| CLAIRSOFT Sint-Gillis (bij-Brussel) | - | - | 65.2% | - |
| ICM CONSULT Wemmel | - | - | 65.7% | - |
| VIRTUOUS Ixelles | €10,500 | - | -97.5% | - |
| EQUINOXCONNECT Auderghem | €1,840 | 65.8% | 67.9% | - |
| Mediamasters Antwerp | - | - | 38.0% | - |
These companies have the same main activity as Emis: other information technology and computer services (NACE 62900). They are comparable in size and age: total assets between €7,640 and €13,400, founded in 2024.
Emis has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€14,113) and a net result of -€17,113.
Its solvency ranks better than 5% of 21,208 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Lower than 95% of 21,208 companies in 2025.
Lower than 95% of 20,571 companies in 2025.
Lower than 95% of 20,746 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
10,202 | |
21/28 |
5,582 | |
22/27 |
3,632 | |
24 |
3,632 | |
28 |
1,950 | |
29/58 |
4,620 | |
3 |
2,290 | |
30/36 |
2,290 | |
40/41 |
949 | |
41 |
949 | |
54/58 |
1,381 | |
| Balance sheet: equity and liabilities | ||
10/49 |
10,202 | |
10/15 |
-14,113 | |
10/11 |
3,000 | |
14 |
-17,113 | |
17/49 |
24,315 | |
42/48 |
24,315 | |
44 |
2,657 | |
440/4 |
2,657 | |
47/48 |
21,658 | |
| Income statement | ||
9900 |
-14,547 | |
630 |
776 | |
640/8 |
1,737 | |
9901 |
-17,061 | |
65/66B |
52 | |
65 |
52 | |
9903 |
-17,113 | |
9904 |
-17,113 | |
9905 |
-17,113 | |
| Appropriation of the result | ||
9906 |
-17,113 | |
| Document | ||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-07-2026 | 2026-00315303 |
| Line | Trend | 2025 |
|---|---|---|
| -16,285 | ||
| -16,337 | ||
| 6,358 | ||
| -19,694 | ||
| -138.3% | ||
| 0.19 | ||
| 0.10 | ||
| -167.7% | ||
| -313.28 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 |
|---|---|
| Tangible fixed assets | €4,408 |
| Financial fixed assets | €1,950 |
| €776 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Equity is negative. Debt (€24,315) exceeds the balance-sheet total (€10,202).
Emis has no parent and no holdings in its annual accounts. Emis shares no director with another company.
| Promiris
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| Butler Industries Benelux
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| IRIS BELGIUM
establishment since 14-10-2013 · founded in 2013 |
total assets €42.2m (2025) 0540.792.024 |
| SAGEVAS
registered office since 24-12-2010 · founded in 2011 · group Betsson AB |
4 FTE (2025) 0832.457.166 |
| IBFInternational Consulting
registered office since 21-09-1977 · founded in 1977 · group PRAGMA PLUS |
15 FTE (2025) 0417.827.795 |
| H.I.A REAL ESTATE
registered office since 28-09-2018 · founded in 2018 · accounts filed late |
total assets €6.2m (2024) 0707.537.794 |
| IDSKAP
registered office since 03-01-2014 · founded in 2014 |
total assets €4.7m (2018) 0543.769.429 |
| Maintainability & Availability without Hazards of Infrastructures
registered office since 25-10-2017 · founded in 2017 · accounts filed late |
turnover €4.5m (2025) 0683.683.516 |
| CONSULTING LINE FOR SUSTAINABLE DEVELOPMENT
registered office since 30-11-2006 · founded in 2006 · group PRAGMA PLUS |
total assets €4.0m (2025) 0879.232.249 |
| IVALI Company
registered office since 23-11-2009 · founded in 2009 |
total assets €3.9m (2025) 0820.751.543 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Louizalaan 209A registered office 1050 Ixelles | 10-06-2024 | 2.360.466.690 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21807G0120/00H005 | 480 m² | 1 · 417 m² | 29.8 m · 8 |
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