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EMK

Active
Private limited companyfounded 20214 yrs activeKanaalstraat 32, 3582 Beringen, BelgiumKBO/BCE: BE 0778.631.767
Summary

The computed 12-month bankruptcy probability of EMK is 2.7% (moderate). The 2024 annual accounts show equity of €18,700 and a net result of €2,152. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 93% of 36380 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability63▲+42
Solvency100▲+21
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 8.63 against 2.18 in 2023; short-term debt: 11.6% and cash: 27.5% of total assets), and 11.6% of the assets are financed with debt.
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Signals

Four 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 4 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024
Solvency, return and age of the figures
Solvency
88.4%
Return on assets
10.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
38 d early
2023
30 d early
2022
32 d early
← 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 33 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
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

On 14 December 2021, EMK was incorporated as a Private limited company.1 Total assets went from EUR 30,463 in 2022 to EUR 21,150 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€18,700▲ 13.0%
2023 · €16,548
Total assets
€21,150▼ 30.9%
2023 · €30,610
Net result
€2,152
2023 · -€2,056
Working capital
€18,700▲ 13.0%
2023 · €16,548
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
Line202220232024
Operating result€21,426--€1,798€4,493
Net result€16,604--€2,056€2,152
Equity€18,604-€16,548▼ 11.1%€18,700▲ 13.0%
Total assets€30,463-€30,610▲ 0.5%€21,150▼ 30.9%
Debt€11,859-€14,062▲ 18.6%€2,451▼ 82.6%
Working capital€18,604-€16,548▼ 11.1%€18,700▲ 13.0%
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€20,000Operating result 2022: €21,426€21,426Net result 2022: €16,604€16,604Operating result 2023: -€1,798-€1,798Net result 2023: -€2,056-€2,056Operating result 2024: €4,493€4,493Net result 2024: €2,152€2,152202220232024-€10,000€0€10,000€20,000Operating result 2022: €21,426€21,400Net result 2022: €16,604€16,600Operating result 2023: -€1,798-€1,800Net result 2023: -€2,056-€2,060Operating result 2024: €4,493€4,490Net result 2024: €2,152€2,150202220232024
The operating result returns to profit in 2024: €4,493 after a loss of €1,798 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €21,150
Equity €18,700 ▲ 13.0%
Debt €2,451 ▼ 82.6%
Debt's share of the balance-sheet total falls from 45.9% to 11.6%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
Current ratio
8.63▲
2023 · 2.18
Debt to equity
0.13▼
2023 · 0.85
ROE
11.5%▲
2023 · -12.4%
ROA
10.2%▲
2023 · -6.7%
Debt ≤ 1 year
€2,451▼
2023 · €14,062
Income taxes
€50
Staff costs
€1,020▲
2023 · €92
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,275 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 · 2024 against 2023 · 31 lines
Balance sheet Code20232024
Assets
Total assets20/58€30,610€21,150▼
Current assets29/58€30,610€21,150▼
Amounts receivable within one year40/41€20,526€7,840▼
Trade receivables40€16,437€5,875▼
Other amounts receivable41€4,089€1,965▼
Cash at bank and in hand54/58€2,583€5,810▲
Deferred charges and accrued income490/1€7,500€7,500=
Equity and liabilities
Total equity and liabilities10/49€30,610€21,150▼
Equity10/15€16,548€18,700▲
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€14,548€16,700▲
Amounts payable17/49€14,062€2,451▼
Amounts payable within one year42/48€14,062€2,451▼
Trade debts44€7,499€39▼
Suppliers440/4€7,499€39▼
Taxes, remuneration and social security45€6,551€2,400▼
Taxes450/3€6,551€650▼
Remuneration and social security454/9-€1,750
Other amounts payable47/48€11€11=
Income statement Code20232024
Remuneration, social security and pensions62€92€1,020▲
Other operating charges640/8€62€721▲
Gross operating margin9900-€1,643€6,234▲
Operating profit (loss)9901-€1,798€4,493▲
Financial charges65/66B€259€2,291▲
Recurring financial charges65€259€2,291▲
Profit (loss) for the period before taxes9903-€2,056€2,202▲
Income taxes67/77-€50
Profit (loss) for the period9904-€2,056€2,152▲
Profit (loss) for the period to be appropriated9905-€2,056€2,152▲
Appropriation of the result
Profit (loss) to be appropriated9906€14,548€16,700▲
Profit (loss) brought forward from the previous period14P€16,604€14,548▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Remuneration, social security and pensions62€1€92€1,020▲ 1,003%
Other operating charges640/8€233€62€721▲ 1,063%
Gross operating margin9900€21,660-€1,643€6,234▲ 479%
Operating profit (loss)9901€21,426-€1,798€4,493▲ 350%
Financial charges65/66B€671€259€2,291▲ 786%
Recurring financial charges65€671€259€2,291▲ 786%
Profit (loss) for the period before taxes9903€20,755-€2,056€2,202▲ 207%
Income taxes67/77€4,151-€50-
Profit (loss) for the period9904€16,604-€2,056€2,152▲ 205%
Profit (loss) for the period to be appropriated9905€16,604-€2,056€2,152▲ 205%
Line202220232024Change
Assets
Total assets20/58€30,463€30,610€21,150▼ 30.9%
Current assets29/58€30,463€30,610€21,150▼ 30.9%
Amounts receivable within one year40/41€2,583€20,526€7,840▼ 61.8%
Trade receivables40-€16,437€5,875▼ 64.3%
Other amounts receivable41€2,583€4,089€1,965▼ 51.9%
Cash at bank and in hand54/58€27,880€2,583€5,810▲ 125%
Deferred charges and accrued income490/1-€7,500€7,500=
Equity and liabilities
Total equity and liabilities10/49€30,463€30,610€21,150▼ 30.9%
Equity10/15€18,604€16,548€18,700▲ 13.0%
Contributions10/11€2,000€2,000€2,000=
Profit (loss) carried forward14€16,604€14,548€16,700▲ 14.8%
Amounts payable17/49€11,859€14,062€2,451▼ 82.6%
Amounts payable within one year42/48€11,859€14,062€2,451▼ 82.6%
Trade debts44€5,774€7,499€39▼ 99.5%
Suppliers440/4€5,774€7,499€39▼ 99.5%
Taxes, remuneration and social security45€5,051€6,551€2,400▼ 63.4%
Taxes450/3€4,151€6,551€650▼ 90.1%
Remuneration and social security454/9€900-€1,750-
Other amounts payable47/48€1,034€11€11=
Line202220232024Change
Profit (loss) for the period9904€16,604-€2,056€2,152▲ 205%
Operating cash flow (approximation)€16,604-€2,056€2,152▲ 205%
Change in cash--€25,297€3,227▲ 113%

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

2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €2,152
Net result €2,152 after one loss-making year.
31-12
Financial Liquidity quadruplescurrent ratio 8.63
Current ratio from 2.18 to 8.63; short-term debt falls from €14,062 to €2,451.
01-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€2,056
Net result drops to -€2,056, the lowest in the series; recovery starts the following year.
29-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
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
1 act for this company is 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, Beringen · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
392 m²
Building footprint
117 m²
Volume, LiDAR
603 m³
Parcel 71522C0001/00N031, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EMK
Kanaalstraat 32, 3582 BeringenGeneral construction of buildings
since 20212.325.186.109
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71522C0001/00N031 Flanders 392 m² 1 · 117 m² 10.0 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.

Similar companies · same sector, comparable size

Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 1,325 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded14-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
41001General construction of residential buildings
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0778631767
Also 9925:BE0778631767
Registered 12-12-2024

Register as of 27 September 2026 · Peppol Directory

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