EMKAKO
ActiveSummary
EMKAKO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €323,631 and a net result of €81,902. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 7586 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+18
Solvency50▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 15.55 against 23.08 in 2024; short-term debt: 4.7% and cash: 6% of total assets), but 75.5% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.5%
Return on assets
6.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
20 d early
2023
51 d early
2022
41 d early
2021
41 d early
2020
37 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 20 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, micro schema
Equity
€323,631▲ 33.9%
2024 · €241,729
Total assets
€1.3m▲ 5.8%
2024 · €1.2m
Net result
€81,902▲ 1,015%
2024 · €7,342
Working capital
€893,802▲ 19.6%
2024 · €747,222
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€61,443▲ 360%€65,644▲ 6.8%€49,493▼ 24.6%€15,475▼ 68.7%€111,812▲ 623%
Net result€38,631above the sector's middle half▲ 583%€38,483above the sector's middle half▼ 0.4%€26,469above the sector's middle half▼ 31.2%€7,342within the sector's middle half▼ 72.3%€81,902above the sector's middle half▲ 1,015%
Equity€242,009above the sector's middle half▲ 19.0%€280,492above the sector's middle half▲ 15.9%€306,961above the sector's middle half▲ 9.4%€241,729above the sector's middle half▼ 21.3%€323,631above the sector's middle half▲ 33.9%
Total assets€456,364above the sector's middle half▼ 14.9%€614,675above the sector's middle half▲ 34.7%€550,604above the sector's middle half▼ 10.4%€1.2mabove the sector's middle half▲ 126%€1.3mabove the sector's middle half▲ 5.8%
Debt€193,732▼ 38.0%€313,561▲ 61.9%€223,021▼ 28.9%€1.0m▲ 350%€994,855▼ 0.9%
Working capital€187,039above the sector's middle half▼ 4.3%€347,482above the sector's middle half▲ 85.8%€290,530above the sector's middle half▼ 16.4%€747,222above the sector's middle half▲ 157%€893,802above the sector's middle half▲ 19.6%
Solvency53.0%within the sector's middle half▲ 15.1pp45.6%within the sector's middle half▼ 7.4pp55.7%within the sector's middle half▲ 10.1pp19.4%within the sector's middle half▼ 36.3pp24.5%within the sector's middle half▲ 5.1pp
Current ratio8.42above the sector's middle half▲ 5.2912.84above the sector's middle half▲ 4.4111.18above the sector's middle half▼ 1.6523.08above the sector's middle half▲ 11.8915.55above the sector's middle half▼ 7.52
Return on assets (ROA)8.5%within the sector's middle half▲ 7.4pp6.3%within the sector's middle half▼ 2.2pp4.8%within the sector's middle half▼ 1.5pp0.6%within the sector's middle half▼ 4.2pp6.2%within the sector's middle half▲ 5.6pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
The operating result recovers in 2025; 2025 is 623% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€363,272 ▼ 21.8%
Current assets
€955,214 ▲ 22.3%
Equity and liabilities €1.3m
Equity
€323,631 ▲ 33.9%
Debt
€994,855 ▼ 0.9%
Debt's share of the balance-sheet total falls from 80.6% to 75.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€120,485▲
2024 · €39,782
Cash flow
€90,575▲
2024 · €31,649
Quick ratio
1.42▲
2024 · 0.77
Debt to equity
3.07▼
2024 · 4.15
ROE
25.3%▲
2024 · 3.0%
Interest coverage
9.71▲
2024 · 4.78
Debt ≤ 1 year
€61,411▲
2024 · €33,845
Debt > 1 year
€932,541▼
2024 · €969,210
Income taxes
€17,502▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,605 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 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% | 1.7% |
| 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 75% 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 2,605 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 | €6,257 | €6,289 | €6,289 | €24,307 | €8,674 | ▼ 64.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€20,622 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €6,219 | €2,826 | €2,152 | €4,726 | ▲ 120% |
| Non-recurring operating charges66A | - | - | - | €4,572 | €0 | ▼ 100% |
| Gross operating margin9900 | €74,141 | €78,153 | €58,608 | €25,884 | €125,211 | ▲ 384% |
| Operating profit (loss)9901 | €61,443 | €65,644 | €49,493 | €15,475 | €111,812 | ▲ 623% |
| Financial income75/76B | - | €0 | €72 | €197 | €0 | ▼ 100% |
| Recurring financial income75 | €41 | €0 | €72 | €197 | €0 | ▼ 100% |
| Financial charges65/66B | - | €9,220 | €10,764 | €8,330 | €12,408 | ▲ 49.0% |
| Recurring financial charges65 | €4,925 | €9,220 | €10,764 | €8,330 | €12,408 | ▲ 49.0% |
| Profit (loss) for the period before taxes9903 | €56,560 | €56,425 | €38,801 | €7,342 | €99,404 | ▲ 1,254% |
| Income taxes67/77 | €17,929 | €17,942 | €12,332 | €0 | €17,502 | ▲ 175,019,700% |
| Profit (loss) for the period9904 | €38,631 | €38,483 | €26,469 | €7,342 | €81,902 | ▲ 1,015% |
| Profit (loss) for the period to be appropriated9905 | €38,631 | €38,483 | €26,469 | €7,342 | €81,902 | ▲ 1,015% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €456,364 | €614,675 | €550,604 | €1.2m | €1.3m | ▲ 5.8% |
| Fixed assets21/28 | €244,124 | €237,834 | €231,545 | €464,816 | €363,272 | ▼ 21.8% |
| Tangible fixed assets22/27 | €244,124 | €237,834 | €231,545 | €464,816 | €363,272 | ▼ 21.8% |
| Land and buildings22 | - | €237,834 | €231,545 | €464,816 | €363,272 | ▼ 21.8% |
| Current assets29/58 | €212,240 | €376,841 | €319,059 | €781,067 | €955,214 | ▲ 22.3% |
| Stocks and contracts in progress3 | €127,580 | €355,365 | €284,365 | €754,859 | €867,750 | ▲ 15.0% |
| Stocks30/36 | - | €355,365 | €284,365 | €754,859 | €867,750 | ▲ 15.0% |
| Amounts receivable within one year40/41 | €17,940 | €1,527 | €6,429 | €14,313 | €6,936 | ▼ 51.5% |
| Trade receivables40 | - | - | - | €14,259 | €6,936 | ▼ 51.4% |
| Other amounts receivable41 | - | €1,527 | €6,429 | €55 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €66,123 | €19,298 | €27,444 | €10,664 | €78,832 | ▲ 639% |
| Deferred charges and accrued income490/1 | - | €651 | €821 | €1,231 | €1,696 | ▲ 37.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €456,364 | €614,675 | €550,604 | €1.2m | €1.3m | ▲ 5.8% |
| Equity10/15 | €242,009 | €280,492 | €306,961 | €241,729 | €323,631 | ▲ 33.9% |
| Contributions10/11 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €217,009 | €255,492 | €281,961 | €216,729 | €298,631 | ▲ 37.8% |
| Non-distributable reserves130/1 | - | €2,500 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2,500 | €0 | - | - | - |
| Distributable reserves133 | - | €252,992 | €281,961 | €216,729 | €298,631 | ▲ 37.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €20,622 | €20,622 | €20,622 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | €20,622 | €20,622 | €0 | - | - |
| Pensions and similar obligations160 | - | €20,622 | €20,622 | €0 | - | - |
| Amounts payable17/49 | €193,732 | €313,561 | €223,021 | €1.0m | €994,855 | ▼ 0.9% |
| Amounts payable after more than one year17 | €168,532 | €284,202 | €194,491 | €969,210 | €932,541 | ▼ 3.8% |
| Financial debts170/4 | - | €73,729 | €59,340 | €232,990 | €208,121 | ▼ 10.7% |
| Other amounts payable178/9 | - | €210,473 | €135,151 | €736,220 | €724,420 | ▼ 1.6% |
| Amounts payable within one year42/48 | €25,201 | €29,359 | €28,529 | €33,845 | €61,411 | ▲ 81.4% |
| Current portion of amounts payable after more than one year42 | - | €14,215 | €14,447 | €24,631 | €24,869 | ▲ 1.0% |
| Trade debts44 | €2,512 | €1,677 | €1,322 | €1,112 | €13,332 | ▲ 1,099% |
| Suppliers440/4 | - | €1,677 | €1,322 | €1,112 | €13,332 | ▲ 1,099% |
| Advances received on contracts in progress46 | - | €908 | €0 | - | €1,099 | - |
| Taxes, remuneration and social security45 | - | €5,418 | €4,198 | €4,866 | €21,839 | ▲ 349% |
| Taxes450/3 | - | €5,418 | €4,198 | €4,866 | €21,839 | ▲ 349% |
| Other amounts payable47/48 | - | €7,141 | €8,563 | €3,236 | €272 | ▼ 91.6% |
| Accrued charges and deferred income492/3 | - | - | - | €1,099 | €903 | ▼ 17.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,631 | €38,483 | €26,469 | €7,342 | €81,902 | ▲ 1,015% |
| + Depreciation and write-downs630 | €6,257 | €6,289 | €6,289 | €24,307 | €8,674 | ▼ 64.3% |
| Operating cash flow (approximation) | €44,888 | €44,772 | €32,758 | €31,649 | €90,575 | ▲ 186% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€257,577 | €92,870 | ▲ 136% |
| Change in cash | - | -€46,825 | €8,146 | -€16,779 | €68,167 | ▲ 506% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €81,902 ▲1,015%
Operating result €111,812, net result €81,902, both a record.
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity doublescurrent ratio 23.08
Current ratio from 11.18 to 23.08.
10-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity triplescurrent ratio 8.42
Current ratio from 3.13 to 8.42; short-term debt falls from €91,843 to €25,201.
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €200,000Eq €203,378 ▲2.9%
3 profitable years in a row build equity to €203,378.
18-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 50 days late
2017
28-03
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 4 acts read
About the unread acts
We know of 4 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
4 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, Wielsbeke · 1 establishment unit since 2007
Ground area
1,028 m²
Building footprint
245 m²
Volume, LiDAR
1,222 m³
Parcel 37017B0282/00F002, Flanders · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Emkako
since 20072.163.068.722
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017B0282/00F002 | Flanders | 1,028 m² | 1 · 245 m² | 10.9 m · 1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 37,564 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 37,564 EUR | 0 EUR |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,056. 10,786 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
Founded04-06-2007
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889808912
Also
9925:BE0889808912
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.