Emla
ActiveSummary
Emla has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-39k) and a net result of €3k. Equity is shrinking by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 13% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▼-6
Solvency21=
Growth49=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 46.5% and cash: 0.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025Solvency, return and age of the figures
Solvency
-3.7%
Return on assets
0.3%
Age of the figures
15 mo
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 dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 13%
← weakest
strongest →
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 30-01-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
62 d late
2023
428 d late
2022
31 d early
2021
on the day
2020
33 d early
2019
1 d early
← before the deadline
after the deadline →
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€61k=
2023 · €61k
2022: €62khighest in 3 years
2023: €61k▼ -1.3% vs 2022lowest in 3 years
2024: €61k● 0.0% vs 2023lowest in 3 years
2022 → 2024
EBIT margin
28.6%▼ 2.4pp
2023 · 31.0%
2022: 33.5%highest in 3 years
2023: 31.0%▼ -7.7% vs 2022
2024: 28.6%▼ -7.7% vs 2023lowest in 3 years
2022 → 2024
Net result
€3k
2024 · €-7k
2019: €-19klowest in 7 years
2020: €-16k▲ +14.9% vs 2019
2021: €-5k▲ +71.4% vs 2020
2022: €-4k▲ +9.3% vs 2021
2023: €-11k▼ -164% vs 2022
2024: €-7k▲ +31.4% vs 2023
2025: €3k▲ +142% vs 2024highest in 7 years
2019 → 2025
Working capital
€-493k▼ 0.8%
2024 · €-489k
2019: €-285khighest in 7 years
2020: €-395k▼ -38.3% vs 2019
2021: €-450k▼ -13.9% vs 2020
2022: €-459k▼ -2.0% vs 2021
2023: €-475k▼ -3.6% vs 2022
2024: €-489k▼ -2.9% vs 2023
2025: €-493k▼ -0.8% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€62k€61k▼ 1.3%€61k=
2022: €62khighest in 3 years
2023: €61k▼ -1.3% vs 2022lowest in 3 years
2024: €61k● 0.0% vs 2023lowest in 3 years
Equity€-20k-€-24k▼ 20.2%€-35k▼ 44.4%€-43k▼ 21.1%€-39k▲ 7.3%
2021: €-20khighest in 5 years
2022: €-24k▼ -20.2% vs 2021
2023: €-35k▼ -44.4% vs 2022
2024: €-43k▼ -21.1% vs 2023lowest in 5 years
2025: €-39k▲ +7.3% vs 2024
Operating result€18k-€21k▲ 18.2%€19k▼ 8.8%€18k▼ 7.7%€16k▼ 7.5%
2021: €18k
2022: €21k▲ +18.2% vs 2021highest in 5 years
2023: €19k▼ -8.8% vs 2022
2024: €18k▼ -7.7% vs 2023
2025: €16k▼ -7.5% vs 2024lowest in 5 years
Net result€-5k-€-4k▲ 9.3%€-11k▼ 164%€-7k▲ 31.4%€3k
2021: €-5k
2022: €-4k▲ +9.3% vs 2021
2023: €-11k▼ -164% vs 2022lowest in 5 years
2024: €-7k▲ +31.4% vs 2023
2025: €3k▲ +142% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 7% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.07M
Fixed assets
€1.06M ▼ 3.1%
Current assets
€4k ▲ 13.2%
Key figures and ratios
EBITDA
€50k▼
2024 · €52k
Cash flow
€37k▲
2024 · €27k
Solvency
-3.7%▲
2024 · -3.9%
Current ratio
0.01▲
2024 · 0.01
Debt to equity
-28.06▼
2024 · -26.87
ROA
0.3%▲
2024 · -0.7%
Interest coverage
3.84▲
2024 · 2.07
Debt
€1.11M▼
2024 · €1.14M
Debt ≤ 1 year
€497k▲
2024 · €493k
Debt > 1 year
€611k▼
2024 · €652k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.10M€1.07M▼
Fixed assets21/28€1.10M€1.06M▼
Tangible fixed assets22/27€1.10M€1.06M▼
Land and buildings22€1.10M€1.06M▼
Current assets29/58€4k€4k▲
Cash at bank and in hand54/58€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.07M▼
Equity10/15€-43k€-39k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-61k€-58k▲
Amounts payable17/49€1.14M€1.11M▼
Amounts payable after more than one year17€652k€611k▼
Financial debts170/4€652k€611k▼
Amounts payable within one year42/48€493k€497k▲
Current portion of amounts payable after more than one year42€40k€41k▲
Taxes, remuneration and social security45€14k€18k▲
Taxes450/3€14k€18k▲
Other amounts payable47/48€438k€438k=
Income statement
Code20242025
Turnover70€61k-
Goods, raw materials, services and sundry goods60/61€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€34k=
Other operating charges640/8€5k€7k▲
Gross operating margin9900€56k€57k▲
Operating profit (loss)9901€18k€16k▼
Financial charges65/66B€25k€13k▼
Recurring financial charges65€25k€13k▼
Profit (loss) for the period before taxes9903€-7k€3k▲
Profit (loss) for the period9904€-7k€3k▲
Profit (loss) for the period to be appropriated9905€-7k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-61k€-58k▲
Profit (loss) brought forward from the previous period14P€-54k€-61k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €62k | €61k | €61k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €5k | €3k | €5k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €34k | €34k | €34k | €34k | = |
| Other operating charges640/8 | - | €2k | €5k | €5k | €7k | ▲ 44.9% |
| Gross operating margin9900 | €51k | €57k | €58k | €56k | €57k | ▲ 1.4% |
| Operating profit (loss)9901 | €18k | €21k | €19k | €18k | €16k | ▼ 7.5% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €25k | €30k | €25k | €13k | ▼ 47.5% |
| Recurring financial charges65 | €22k | €25k | €30k | €25k | €13k | ▼ 47.5% |
| Profit (loss) for the period before taxes9903 | €-5k | €-4k | €-11k | €-7k | €3k | ▲ 142% |
| Profit (loss) for the period9904 | €-5k | €-4k | €-11k | €-7k | €3k | ▲ 142% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-4k | €-11k | €-7k | €3k | ▲ 142% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.21M | €1.17M | €1.13M | €1.10M | €1.07M | ▼ 3.0% |
| Fixed assets21/28 | €1.20M | €1.17M | €1.13M | €1.10M | €1.06M | ▼ 3.1% |
| Tangible fixed assets22/27 | €1.20M | €1.17M | €1.13M | €1.10M | €1.06M | ▼ 3.1% |
| Land and buildings22 | - | €1.17M | €1.13M | €1.10M | €1.06M | ▼ 3.1% |
| Current assets29/58 | €10k | €6k | €2k | €4k | €4k | ▲ 13.2% |
| Amounts receivable within one year40/41 | €3k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €6k | €6k | €2k | €4k | €4k | ▲ 13.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.21M | €1.17M | €1.13M | €1.10M | €1.07M | ▼ 3.0% |
| Equity10/15 | €-20k | €-24k | €-35k | €-43k | €-39k | ▲ 7.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-39k | €-43k | €-54k | €-61k | €-58k | ▲ 5.1% |
| Amounts payable17/49 | €1.23M | €1.20M | €1.17M | €1.14M | €1.11M | ▼ 3.2% |
| Amounts payable after more than one year17 | €771k | €732k | €693k | €652k | €611k | ▼ 6.3% |
| Financial debts170/4 | - | €732k | €693k | €652k | €611k | ▼ 6.3% |
| Amounts payable within one year42/48 | €459k | €464k | €477k | €493k | €497k | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | - | €39k | €40k | €40k | €41k | ▲ 1.9% |
| Trade debts44 | €9k | €2k | - | - | - | - |
| Suppliers440/4 | - | €2k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €4k | €7k | €14k | €18k | ▲ 27.4% |
| Taxes450/3 | - | €4k | €7k | €14k | €18k | ▲ 27.4% |
| Other amounts payable47/48 | - | €420k | €431k | €438k | €438k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-4k | €-11k | €-7k | €3k | ▲ 142% |
| + Depreciation and write-downs630 | €33k | €34k | €34k | €34k | €34k | = |
| Operating cash flow (approximation) | €29k | €30k | €23k | €27k | €37k | ▲ 39.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-565 | €-4k | €2k | €496 | ▼ 73.3% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €3k
Net result €3k after 6 loss-making years.
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 62 days late
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 428 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated 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, Oud-Turnhout
Ground area
1,002 m²
Building footprint
198 m²
Volume, LiDAR
1,032 m³
Parcel 13483G0242/00C000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13483G0242/00C000 | Flanders | 1,002 m² | 1 · 198 m² | 9.1 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.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 15 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 (pre-2019)
Founded20-08-2018
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.