EMISA
ActiveSummary
EMISA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,642 and a net result of -€36,890. Equity is growing by ~6.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-71
Solvency41▼-11
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.1 against 1.27 in 2024; short-term debt: 79.3% and cash: 86.8% of total assets), and 83.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
16.1%
Return on assets
-15.4%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
4 d early
2023
29 d early
2022
25 d early
2021
47 d early
2020
25 d late
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€38,642▼ 48.8%
2024 · €75,532
Total assets
€239,958▼ 14.6%
2024 · €281,129
Net result
-€36,890
2024 · €4,199
Working capital
€19,260▼ 62.1%
2024 · €50,779
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,404▼ 61.7%€2,453▼ 85.9%€9,486▲ 287%€3,571▼ 62.4%-€37,738
Net result€15,467▼ 52.0%€1,204▼ 92.2%€6,885▲ 472%€4,199▼ 39.0%-€36,890
Equity€101,874▲ 17.9%€109,278▲ 7.3%€116,163▲ 6.3%€75,532▼ 35.0%€38,642▼ 48.8%
Total assets€226,618▲ 4.9%€238,543▲ 5.3%€279,414▲ 17.1%€281,129▲ 0.6%€239,958▼ 14.6%
Debt€124,744▼ 3.7%€129,266▲ 3.6%€163,251▲ 26.3%€205,597▲ 25.9%€201,316▼ 2.1%
Working capital€76,161▲ 52.1%€92,062▲ 20.9%€83,717▼ 9.1%€50,779▼ 39.3%€19,260▼ 62.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €37,738 after €3,571 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €239,958
Fixed assets
€30,388 ▼ 27.3%
Current assets
€209,570 ▼ 12.4%
Equity and liabilities €239,958
Equity
€38,642 ▼ 48.8%
Debt
€201,316 ▼ 2.1%
Debt's share of the balance-sheet total rises from 73.1% to 83.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€26,327▼
2024 · €20,166
Cash flow
-€25,480▼
2024 · €20,794
Current ratio
1.10▼
2024 · 1.27
Debt to equity
5.21▲
2024 · 2.72
ROE
-95.5%▼
2024 · 5.6%
ROA
-15.4%▼
2024 · 1.5%
Interest coverage
-34.80▼
2024 · 14.57
Debt ≤ 1 year
€190,310▲
2024 · €188,552
Debt > 1 year
€11,006▼
2024 · €17,045
Income taxes
€14▼
2024 · €1,875
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,295 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 89% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,295 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,692 | €11,032 | €13,931 | €16,595 | €11,411 | ▼ 31.2% |
| Other operating charges640/8 | - | €1,869 | €1,810 | €1,550 | €1,638 | ▲ 5.7% |
| Gross operating margin9900 | €29,825 | €15,354 | €25,227 | €21,716 | -€24,689 | ▼ 214% |
| Operating profit (loss)9901 | €17,404 | €2,453 | €9,486 | €3,571 | -€37,738 | ▼ 1,157% |
| Financial income75/76B | - | - | €0 | €3,887 | €1,618 | ▼ 58.4% |
| Recurring financial income75 | - | - | €0 | €3,887 | €1,618 | ▼ 58.4% |
| Financial charges65/66B | - | €239 | €500 | €1,384 | €757 | ▼ 45.3% |
| Recurring financial charges65 | €163 | €239 | €500 | €1,384 | €757 | ▼ 45.3% |
| Profit (loss) for the period before taxes9903 | €17,241 | €2,214 | €8,986 | €6,074 | -€36,876 | ▼ 707% |
| Income taxes67/77 | €1,773 | €1,010 | €2,100 | €1,875 | €14 | ▼ 99.2% |
| Profit (loss) for the period9904 | €15,467 | €1,204 | €6,885 | €4,199 | -€36,890 | ▼ 979% |
| Profit (loss) for the period to be appropriated9905 | €15,467 | €1,204 | €6,885 | €4,199 | -€36,890 | ▼ 979% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €226,618 | €238,543 | €279,414 | €281,129 | €239,958 | ▼ 14.6% |
| Fixed assets21/28 | €25,713 | €17,216 | €55,355 | €41,799 | €30,388 | ▼ 27.3% |
| Intangible fixed assets21 | €25,000 | €16,521 | €6,151 | €781 | €411 | ▼ 47.3% |
| Tangible fixed assets22/27 | €688 | €670 | €49,179 | €40,993 | €29,952 | ▼ 26.9% |
| Furniture and vehicles24 | - | €670 | €49,179 | €40,993 | €29,952 | ▼ 26.9% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €200,906 | €221,327 | €224,059 | €239,330 | €209,570 | ▼ 12.4% |
| Amounts receivable within one year40/41 | €4,280 | €4,109 | - | €4,525 | €471 | ▼ 89.6% |
| Other amounts receivable41 | - | €4,109 | - | €4,525 | €471 | ▼ 89.6% |
| Current investments50/53 | - | - | €100,000 | €50,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €192,937 | €215,631 | €122,706 | €182,502 | €208,291 | ▲ 14.1% |
| Deferred charges and accrued income490/1 | - | €1,587 | €1,353 | €2,303 | €807 | ▼ 65.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €226,618 | €238,543 | €279,414 | €281,129 | €239,958 | ▼ 14.6% |
| Equity10/15 | €101,874 | €109,278 | €116,163 | €75,532 | €38,642 | ▼ 48.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | - | - | - | - |
| Other1109/19 | - | €18,600 | - | - | - | - |
| Reserves13 | €89,474 | €90,678 | €97,563 | €56,932 | €56,932 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €88,818 | €95,703 | €56,932 | €56,932 | = |
| Profit (loss) carried forward14 | -€4,905 | - | - | - | -€36,890 | - |
| Amounts payable17/49 | €124,744 | €129,266 | €163,251 | €205,597 | €201,316 | ▼ 2.1% |
| Amounts payable after more than one year17 | - | - | €22,909 | €17,045 | €11,006 | ▼ 35.4% |
| Financial debts170/4 | - | - | €22,909 | €17,045 | €11,006 | ▼ 35.4% |
| Amounts payable within one year42/48 | €124,744 | €129,266 | €140,342 | €188,552 | €190,310 | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | - | - | €5,694 | €5,864 | €6,039 | ▲ 3.0% |
| Trade debts44 | €1,718 | €798 | €273 | €238 | €394 | ▲ 65.8% |
| Suppliers440/4 | - | €798 | €273 | €238 | €394 | ▲ 65.8% |
| Taxes, remuneration and social security45 | - | €3,420 | €3,751 | €420 | €0 | ▼ 100% |
| Taxes450/3 | - | €120 | €2,101 | €420 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €3,300 | €1,650 | - | - | - |
| Other amounts payable47/48 | - | €125,047 | €130,626 | €182,030 | €183,876 | ▲ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,467 | €1,204 | €6,885 | €4,199 | -€36,890 | ▼ 979% |
| + Depreciation and write-downs630 | €10,692 | €11,032 | €13,931 | €16,595 | €11,411 | ▼ 31.2% |
| Operating cash flow (approximation) | €26,159 | €12,236 | €20,816 | €20,794 | -€25,480 | ▼ 223% |
| Investment in fixed assets (approximation) | - | -€2,535 | -€52,070 | -€3,039 | €0 | ▲ 100% |
| Change in cash | - | €22,694 | -€92,925 | €59,796 | €25,789 | ▼ 56.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€36,890
Net result drops to -€36,890, the lowest in the series.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Equity above €100,000Eq €101,874 ▲17.9%
3 profitable years in a row build equity to €101,874.
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
30-06
Financial
Highest result since 2019net €32,222 ▲23.4%
Operating result €45,478, net result €32,222, both a record.
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Genesius-Rode · 1 establishment unit since 2014
Ground area
1,246 m²
Building footprint
230 m²
Volume, LiDAR
1,172 m³
Parcel 22552F0002/00S047, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EMISA
since 20142.227.122.275
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552F0002/00S047 | Flanders | 1,246 m² | 1 · 230 m² | 9.7 m · 2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded29-01-2014
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0544844149
Registered
28-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.