EMLAK
ActiveThe file of EMLAK contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.6% (low). The 2025 annual accounts show equity of €132,524 and a net result of -€32,817. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 61% of 14258 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-95
Solvency68▼-7
Growth32▼-46
Track record85
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.78 against 2.0 in 2024; short-term debt: 52.9% of total assets), but 56.6% of the assets are financed with debt.
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Signals
Six 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 →
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
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
43.4%
Return on assets
-10.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-08-2025, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
34 d early
2022
59 d late
2021
19 d late
2020
27 d late
2019
61 d late
2018
58 d late
← 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 18 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 19 November (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€132,524▼ 19.8%
2024 · €165,341
Total assets
€305,593▼ 7.9%
2024 · €331,923
Net result
-€32,817
2024 · €96,177
Working capital
€126,756▼ 16.7%
2024 · €152,227
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20202021202220242025
Operating result-€4,200€7,649-€58,274€118,918--€32,636
Net result-€260within the sector's middle half€14,561within the sector's middle half-€55,938below the sector's middle half€96,177above the sector's middle half--€32,817below the sector's middle half
Equity€159,189within the sector's middle half▼ 0.2%€173,750within the sector's middle half▲ 9.1%€117,812within the sector's middle half▼ 32.2%€165,341within the sector's middle half-€132,524within the sector's middle half▼ 19.8%
Total assets€348,571within the sector's middle half▼ 3.7%€238,202within the sector's middle half▼ 31.7%€201,421within the sector's middle half▼ 15.4%€331,923within the sector's middle half-€305,593within the sector's middle half▼ 7.9%
Debt€189,382▼ 6.5%€64,452▼ 66.0%€83,609▲ 29.7%€166,582-€173,069▲ 3.9%
Working capital-€94,811below the sector's middle half▼ 40.6%€153,380above the sector's middle half€99,124within the sector's middle half▼ 35.4%€152,227above the sector's middle half-€126,756above the sector's middle half▼ 16.7%
Solvency45.7%within the sector's middle half▲ 1.6pp72.9%above the sector's middle half▲ 27.3pp58.5%within the sector's middle half▼ 14.5pp49.8%within the sector's middle half-43.4%within the sector's middle half▼ 6.4pp
Current ratio0.50within the sector's middle half▼ 0.153.38above the sector's middle half▲ 2.882.19within the sector's middle half▼ 1.192.00within the sector's middle half-1.78within the sector's middle half▼ 0.21
Return on assets (ROA)-0.1%within the sector's middle half▼ 24.0pp6.1%within the sector's middle half▲ 6.2pp-27.8%below the sector's middle half▼ 33.9pp29.0%above the sector's middle half--10.7%below the sector's middle half▼ 39.7pp
Staff (FTE)1.3within the sector's middle half10.8
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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 turns negative in 2025: a loss of €32,636 after €118,918 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €305,593
Fixed assets
€17,143 ▼ 37.1%
Current assets
€288,450 ▼ 5.3%
Equity and liabilities €305,593
Equity
€132,524 ▼ 19.8%
Debt
€173,069 ▲ 3.9%
Debt's share of the balance-sheet total rises from 50.2% to 56.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€22,399▼
2024 · €129,252
Cash flow
-€22,579▼
2024 · €106,511
Quick ratio
1.66▼
2024 · 1.87
Debt to equity
1.31▲
2024 · 1.01
ROE
-24.8%▼
2024 · 58.2%
Interest coverage
-10.28▼
2024 · 33.35
Debt ≤ 1 year
€161,693▲
2024 · €152,438
Debt > 1 year
€11,376▼
2024 · €14,144
Income taxes
€828▼
2024 · €23,721
Staff costs
€68,143▲
2024 · €55,635
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,834 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 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €19,205 | €55,635 | €68,143 | ▲ 22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,532 | €2,892 | €2,389 | €10,334 | €10,238 | ▼ 0.9% |
| Other operating charges640/8 | - | - | €7,027 | €4,955 | €12,481 | ▲ 152% |
| Gross operating margin9900 | €58,117 | €20,035 | -€29,653 | €189,841 | €58,225 | ▼ 69.3% |
| Operating profit (loss)9901 | -€4,200 | €7,649 | -€58,274 | €118,918 | -€32,636 | ▼ 127% |
| Financial income75/76B | - | - | €4,261 | €4,855 | €2,826 | ▼ 41.8% |
| Recurring financial income75 | €6,175 | €14,515 | €4,261 | €4,855 | €2,826 | ▼ 41.8% |
| Financial charges65/66B | - | - | €1,326 | €3,875 | €2,179 | ▼ 43.8% |
| Recurring financial charges65 | €1,737 | €724 | €1,326 | €3,875 | €2,179 | ▼ 43.8% |
| Profit (loss) for the period before taxes9903 | €239 | €21,440 | -€55,339 | €119,897 | -€31,989 | ▼ 127% |
| Income taxes67/77 | €499 | €6,879 | €599 | €23,721 | €828 | ▼ 96.5% |
| Profit (loss) for the period9904 | -€260 | €14,561 | -€55,938 | €96,177 | -€32,817 | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | -€260 | €14,561 | -€55,938 | €96,177 | -€32,817 | ▼ 134% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €348,571 | €238,202 | €201,421 | €331,923 | €305,593 | ▼ 7.9% |
| Fixed assets21/28 | €254,000 | €20,370 | €18,688 | €27,258 | €17,143 | ▼ 37.1% |
| Tangible fixed assets22/27 | €16,325 | €16,610 | €14,928 | €23,498 | €13,260 | ▼ 43.6% |
| Furniture and vehicles24 | - | - | €2,531 | €14,643 | €6,176 | ▼ 57.8% |
| Other tangible fixed assets26 | - | - | €12,397 | €8,855 | €7,084 | ▼ 20.0% |
| Financial fixed assets28 | €237,675 | €3,760 | €3,760 | €3,760 | €3,883 | ▲ 3.3% |
| Current assets29/58 | €94,571 | €217,832 | €182,733 | €304,665 | €288,450 | ▼ 5.3% |
| Amounts receivable after more than one year29 | - | - | €138,915 | €228,915 | €198,915 | ▼ 13.1% |
| Other amounts receivable291 | - | - | €138,915 | €228,915 | €198,915 | ▼ 13.1% |
| Stocks and contracts in progress3 | - | - | - | €20,000 | €20,000 | = |
| Stocks30/36 | - | - | - | €20,000 | €20,000 | = |
| Amounts receivable within one year40/41 | €93,454 | €32,222 | €43,114 | €49,398 | €69,070 | ▲ 39.8% |
| Trade receivables40 | - | - | €26,737 | €30,513 | €60,625 | ▲ 98.7% |
| Other amounts receivable41 | - | - | €16,377 | €18,884 | €8,445 | ▼ 55.3% |
| Cash at bank and in hand54/58 | €284 | €1,580 | €704 | €5,674 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €679 | €465 | ▼ 31.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €348,571 | €238,202 | €201,421 | €331,923 | €305,593 | ▼ 7.9% |
| Equity10/15 | €159,189 | €173,750 | €117,812 | €165,341 | €132,524 | ▼ 19.8% |
| Contributions10/11 | €18,550 | - | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €51,855 | €51,855 | = |
| Non-distributable reserves130/1 | - | - | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | - | - | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | €138,784 | €153,345 | €97,407 | €94,936 | €62,119 | ▼ 34.6% |
| Amounts payable17/49 | €189,382 | €64,452 | €83,609 | €166,582 | €173,069 | ▲ 3.9% |
| Amounts payable after more than one year17 | - | - | - | €14,144 | €11,376 | ▼ 19.6% |
| Financial debts170/4 | - | - | - | €14,144 | €11,376 | ▼ 19.6% |
| Amounts payable within one year42/48 | €189,382 | €64,452 | €83,609 | €152,438 | €161,693 | ▲ 6.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,665 | €3,037 | ▲ 14.0% |
| Financial debts43 | - | - | - | - | €4 | - |
| Credit institutions430/8 | - | - | - | - | €4 | - |
| Trade debts44 | €79,385 | €34,812 | €26,118 | €25,833 | €15,381 | ▼ 40.5% |
| Suppliers440/4 | - | - | €26,118 | €25,833 | €15,381 | ▼ 40.5% |
| Advances received on contracts in progress46 | - | - | €19,500 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €16,272 | €53,940 | €93,257 | ▲ 72.9% |
| Taxes450/3 | - | - | €13,193 | €37,739 | €66,903 | ▲ 77.3% |
| Remuneration and social security454/9 | - | - | €3,079 | €16,201 | €26,354 | ▲ 62.7% |
| Other amounts payable47/48 | - | - | €21,719 | €70,000 | €50,015 | ▼ 28.6% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€260 | €14,561 | -€55,938 | €96,177 | -€32,817 | ▼ 134% |
| + Depreciation and write-downs630 | €2,532 | €2,892 | €2,389 | €10,334 | €10,238 | ▼ 0.9% |
| Operating cash flow (approximation) | €2,271 | €17,453 | -€53,549 | €106,511 | -€22,579 | ▼ 121% |
| Investment in fixed assets (approximation) | - | €230,738 | -€707 | - | -€123 | - |
| Change in cash | - | €1,296 | -€877 | - | - | - |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €96,177
Net result €96,177 after one loss-making year.
31-03
Financial
Equity above €150,000Eq €165,341 ▲40.3%
Equity rises from €117,812 to €165,341.
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
31-03
Financial
Weakest financial yearnet -€55,938
Net result drops to -€55,938, the lowest in the series; recovery starts the following year.
2021
19-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
31-03
Financial
Back to profitnet €14,561
Net result €14,561 after one loss-making year.
31-03
Financial
Liquidity times 7current ratio 3.38
Current ratio from 0.50 to 3.38; short-term debt falls from €189,382 to €64,452.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
Show earlier events
2017
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 43 days late
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 408 days late
23-03
Bankruptcy
Bankruptcy reversal
rechtbank van koophandel Brussel
13-02
Bankruptcy
Opening
Rechtbank van koophandel Brussel · event 07-02-2017
2016
26-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 87 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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-Joost-ten-Node · 1 establishment unit since 2006
Ground area
368 m²
Building footprint
297 m²
Volume, LiDAR
5,605 m³
Parcel 21014A0330/00M000, Brussels · tallest building 23.4 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Emlak
since 20062.152.826.611
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0330/00M000 | Brussels | 367 m² | 1 · 297 m² | 23.4 m · 7 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | teniet gedaan. De rechtbank zegt dat de
faillissementsvoorwaarden in hoofde van EMLAK BVBA niet vervuld
waren op 7 februari 2017 en trekt het faillissement van EMLAK BVBA
in |
23-03-2017 → 23-03-2017 |
| Curator | Mr VAN DE MIEROP Ilse LOUIZALAAN 106, 1050 ELSENE |
07-02-2017 → 23-03-2017 |
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Of 11,755 companies in sector 68310 we hold annual accounts for 6,912. 5,252 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)
Founded24-03-2006
Fiscal year end31-03
Activities, NACEBEL 2025
68310Real estate agency activities
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0880223035
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.