Summary
EMLA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €14,278 and a net result of -€5,874. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 11% of 8074 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
on the day
2022
32 d early
2021
2 d early
2020
31 d late
2019
on the day
← 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 1 day before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 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 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 changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€14,278▼ 29.1%
2024 · €20,152
Net result
-€5,874▼ 9.8%
2024 · -€5,352
Total assets
€375,625▼ 3.5%
2024 · €389,350
Solvency
3.8%▼ 1.4pp
2024 · 5.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€11,279€4,236▼ 62.4%€2,736▼ 35.4%-€4,864-€5,583▼ 14.8%
Net result€7,685within the sector's middle half€223below the sector's middle half▼ 97.1%€91below the sector's middle half▼ 59.4%-€5,352below the sector's middle half-€5,874below the sector's middle half▼ 9.8%
Equity€25,190below the sector's middle half▲ 43.9%€25,413below the sector's middle half▲ 0.9%€25,503below the sector's middle half▲ 0.4%€20,152below the sector's middle half▼ 21.0%€14,278below the sector's middle half▼ 29.1%
Total assets€379,997below the sector's middle half▲ 0.7%€377,237within the sector's middle half▼ 0.7%€385,594within the sector's middle half▲ 2.2%€389,350within the sector's middle half▲ 1.0%€375,625within the sector's middle half▼ 3.5%
Debt€354,807▼ 1.4%€351,824▼ 0.8%€360,090▲ 2.3%€369,198▲ 2.5%€361,347▼ 2.1%
Working capital-€306,245▼ 1.4%-€327,774▼ 7.0%-€330,827▼ 0.9%-€338,340▼ 2.3%-€344,184▼ 1.7%
Solvency6.6%below the sector's middle half▲ 2.0pp6.7%below the sector's middle half▲ 0.1pp6.6%below the sector's middle half▼ 0.1pp5.2%below the sector's middle half▼ 1.4pp3.8%below the sector's middle half▼ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 stays negative: a loss of €5,583 in 2025 against €4,864 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €375,625
Fixed assets
€360,032 =
Current assets
€15,593 ▼ 46.8%
Equity and liabilities €375,625
Equity
€14,278 ▼ 29.1%
Debt
€361,347 ▼ 2.1%
Debt's share of the balance-sheet total rises from 94.8% to 96.2%. Equity and debt are lower.
Key figures and ratios
ROE
-41.1%▼
2024 · -26.6%
ROA
-1.6%▼
2024 · -1.4%
Debt ≤ 1 year
€359,777▼
2024 · €367,658
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1,307 | €1,140 | €1,409 | €9,992 | €1,238 | ▼ 87.6% |
| Gross operating margin9900 | €12,585 | €5,375 | €4,145 | €5,128 | -€4,345 | ▼ 185% |
| Operating profit (loss)9901 | €11,279 | €4,236 | €2,736 | -€4,864 | -€5,583 | ▼ 14.8% |
| Financial income75/76B | €10 | €96 | €0 | €0 | €0 | ▼ 75.0% |
| Recurring financial income75 | €10 | €96 | €0 | €0 | €0 | ▼ 75.0% |
| Financial charges65/66B | €3,604 | €4,109 | €2,645 | €488 | €291 | ▼ 40.3% |
| Recurring financial charges65 | €3,604 | €4,109 | €2,645 | €488 | €291 | ▼ 40.3% |
| Profit (loss) for the period before taxes9903 | €7,685 | €223 | €91 | -€5,352 | -€5,874 | ▼ 9.8% |
| Income taxes67/77 | - | - | €0 | - | - | - |
| Profit (loss) for the period9904 | €7,685 | €223 | €91 | -€5,352 | -€5,874 | ▼ 9.8% |
| Profit (loss) for the period to be appropriated9905 | €7,685 | €223 | €91 | -€5,352 | -€5,874 | ▼ 9.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €379,997 | €377,237 | €385,594 | €389,350 | €375,625 | ▼ 3.5% |
| Fixed assets21/28 | €360,032 | €360,032 | €360,032 | €360,032 | €360,032 | = |
| Financial fixed assets28 | €360,032 | €360,032 | €360,032 | €360,032 | €360,032 | = |
| Current assets29/58 | €19,966 | €17,205 | €25,562 | €29,319 | €15,593 | ▼ 46.8% |
| Amounts receivable within one year40/41 | €19,945 | €16,793 | €25,325 | €28,684 | €15,508 | ▼ 45.9% |
| Trade receivables40 | €19,944 | €16,782 | €25,282 | €28,679 | €15,452 | ▼ 46.1% |
| Other amounts receivable41 | €2 | €11 | €44 | €5 | €57 | ▲ 1,023% |
| Cash at bank and in hand54/58 | €20 | €412 | €237 | €635 | €85 | ▼ 86.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €379,997 | €377,237 | €385,594 | €389,350 | €375,625 | ▼ 3.5% |
| Equity10/15 | €25,190 | €25,413 | €25,503 | €20,152 | €14,278 | ▼ 29.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €391 | €391 | €391 | €152 | €152 | = |
| Non-distributable reserves130/1 | €391 | €391 | €391 | - | - | - |
| Reserves not available under the articles1311 | €391 | €391 | €391 | - | - | - |
| Distributable reserves133 | - | - | - | €152 | €152 | = |
| Profit (loss) carried forward14 | €4,799 | €5,021 | €5,112 | - | -€5,874 | - |
| Amounts payable17/49 | €354,807 | €351,824 | €360,090 | €369,198 | €361,347 | ▼ 2.1% |
| Amounts payable after more than one year17 | €27,347 | €5,529 | €2,291 | - | - | - |
| Financial debts170/4 | €27,347 | €5,529 | €2,291 | - | - | - |
| Amounts payable within one year42/48 | €326,211 | €344,979 | €356,389 | €367,658 | €359,777 | ▼ 2.1% |
| Current portion of amounts payable after more than one year42 | €28,644 | €30,360 | €3,238 | €2,291 | €292 | ▼ 87.2% |
| Trade debts44 | €9,346 | €2,822 | €4,867 | €4,794 | €6,370 | ▲ 32.9% |
| Suppliers440/4 | €9,346 | €2,822 | €4,867 | €4,794 | €6,370 | ▲ 32.9% |
| Taxes, remuneration and social security45 | €1,171 | €1,686 | - | €34 | - | - |
| Taxes450/3 | €1,171 | €1,686 | - | €34 | - | - |
| Other amounts payable47/48 | €287,050 | €310,111 | €348,284 | €360,539 | €353,114 | ▼ 2.1% |
| Accrued charges and deferred income492/3 | €1,250 | €1,315 | €1,410 | €1,540 | €1,570 | ▲ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,685 | €223 | €91 | -€5,352 | -€5,874 | ▼ 9.8% |
| Operating cash flow (approximation) | €7,685 | €223 | €91 | -€5,352 | -€5,874 | ▼ 9.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €392 | -€176 | €398 | -€550 | ▼ 238% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €7,685
Net result €7,685 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€10,562
Net result drops to -€10,562, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Zedelgem
Ground area
904 m²
Building footprint
166 m²
Volume, LiDAR
1,104 m³
Parcel 31017C0426/00N000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31017C0426/00N000 | Flanders | 904 m² | 1 · 166 m² | 10.9 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of EMLA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
WXS
BE 0797.964.362
Tielt-Winge · Eq €14,277
OLIVIER BEHEER BV
BE 1002.994.945
Riemst · Eq €14,282
Eldsaga
BE 1016.104.890
Antwerpen · Eq €14,294
ACZ BRANDS
BE 0772.910.648
Sint-Niklaas · Eq €14,255
ENTELECHEIA
BE 0712.962.668
Steenokkerzeel · Eq €14,316
Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 6,219 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
Founded06-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898421918
Also
9925:BE0898421918
Registered
01-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.