EMM
ActiveSummary
EMM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,965 and a net result of €112. Equity is shrinking by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 23% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-22
Solvency44▲+2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.49 in 2024; short-term debt: 81.1% and cash: 2.7% of total assets), and 81.1% 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
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
18.9%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 23%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €22,965
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
9 d early
2023
20 d early
2022
10 d early
2021
12 d early
2020
4 d early
2019
66 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 1 day after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€22,965▲ 0.5%
2024 · €22,853
Total assets
€121,292▼ 9.8%
2024 · €134,524
Net result
€112▼ 98.8%
2024 · €9,209
Working capital
-€58,215▼ 1.9%
2024 · -€57,147
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€8,470-€46,874€6,643€9,506▲ 43.1%€495▼ 94.8%
Net result€7,167within the sector's middle half-€47,140below the sector's middle half€6,440within the sector's middle half€9,209within the sector's middle half▲ 43.0%€112below the sector's middle half▼ 98.8%
Equity€54,344within the sector's middle half▲ 15.2%€7,204below the sector's middle half▼ 86.7%€13,644below the sector's middle half▲ 89.4%€22,853below the sector's middle half▲ 67.5%€22,965within the sector's middle half▲ 0.5%
Total assets€177,702within the sector's middle half▲ 1.3%€126,674within the sector's middle half▼ 28.7%€139,209within the sector's middle half▲ 9.9%€134,524within the sector's middle half▼ 3.4%€121,292within the sector's middle half▼ 9.8%
Debt€123,358▼ 3.9%€119,470▼ 3.2%€125,566▲ 5.1%€111,671▼ 11.1%€98,327▼ 11.9%
Working capital-€70,815▲ 10.1%-€65,563▲ 7.4%-€58,356▲ 11.0%-€57,147▲ 2.1%-€58,215▼ 1.9%
Solvency30.6%within the sector's middle half▲ 3.7pp5.7%below the sector's middle half▼ 24.9pp9.8%below the sector's middle half▲ 4.1pp17.0%below the sector's middle half▲ 7.2pp18.9%below the sector's middle half▲ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 falls in 2025; 2025 is 95% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €121,292
Fixed assets
€81,181 ▲ 1.5%
Current assets
€40,111 ▼ 26.4%
Equity and liabilities €121,292
Equity
€22,965 ▲ 0.5%
Debt
€98,327 ▼ 11.9%
Debt's share of the balance-sheet total falls from 83.0% to 81.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€648
Cash flow
€266
Current ratio
0.41▼
2024 · 0.49
Debt to equity
4.28▼
2024 · 4.89
ROE
0.5%▼
2024 · 40.3%
ROA
0.1%▼
2024 · 6.8%
Interest coverage
1.69
Debt ≤ 1 year
€98,327▼
2024 · €111,671
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €767 | €767 | €767 | - | €154 | - |
| Other operating charges640/8 | €870 | €44,154 | €959 | €995 | €1,026 | ▲ 3.1% |
| Gross operating margin9900 | €10,107 | -€1,952 | €8,369 | €10,501 | €1,674 | ▼ 84.1% |
| Operating profit (loss)9901 | €8,470 | -€46,874 | €6,643 | €9,506 | €495 | ▼ 94.8% |
| Financial income75/76B | - | - | - | €2 | - | - |
| Recurring financial income75 | - | - | - | €2 | - | - |
| Financial charges65/66B | €184 | €266 | €203 | €298 | €383 | ▲ 28.3% |
| Recurring financial charges65 | €184 | €266 | €203 | €298 | €383 | ▲ 28.3% |
| Profit (loss) for the period before taxes9903 | €8,287 | -€47,140 | €6,440 | €9,209 | €112 | ▼ 98.8% |
| Income taxes67/77 | €1,120 | - | - | - | - | - |
| Profit (loss) for the period9904 | €7,167 | -€47,140 | €6,440 | €9,209 | €112 | ▼ 98.8% |
| Profit (loss) for the period to be appropriated9905 | €7,167 | -€47,140 | €6,440 | €9,209 | €112 | ▼ 98.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €177,702 | €126,674 | €139,209 | €134,524 | €121,292 | ▼ 9.8% |
| Fixed assets21/28 | €125,159 | €80,767 | €80,000 | €80,000 | €81,181 | ▲ 1.5% |
| Tangible fixed assets22/27 | €1,534 | €767 | - | - | €1,181 | - |
| Plant, machinery and equipment23 | €1,534 | €767 | - | - | €1,181 | - |
| Financial fixed assets28 | €123,625 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Current assets29/58 | €52,543 | €45,907 | €59,209 | €54,524 | €40,111 | ▼ 26.4% |
| Amounts receivable within one year40/41 | €45,980 | €43,092 | €57,569 | €45,484 | €36,254 | ▼ 20.3% |
| Trade receivables40 | €45,980 | €43,092 | €57,569 | €44,724 | €36,254 | ▼ 18.9% |
| Other amounts receivable41 | - | - | - | €760 | - | - |
| Cash at bank and in hand54/58 | €5,786 | €2,397 | €1,214 | €8,387 | €3,259 | ▼ 61.1% |
| Deferred charges and accrued income490/1 | €776 | €418 | €426 | €653 | €599 | ▼ 8.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €177,702 | €126,674 | €139,209 | €134,524 | €121,292 | ▼ 9.8% |
| Equity10/15 | €54,344 | €7,204 | €13,644 | €22,853 | €22,965 | ▲ 0.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €4,193 | €4,193 | €4,193 | €4,193 | €4,193 | = |
| Non-distributable reserves130/1 | €4,193 | €4,193 | €4,193 | €4,193 | €4,193 | = |
| Reserves not available under the articles1311 | €4,193 | €4,193 | €4,193 | €4,193 | €4,193 | = |
| Profit (loss) carried forward14 | €31,551 | -€15,589 | -€9,149 | €61 | €173 | ▲ 184% |
| Amounts payable17/49 | €123,358 | €119,470 | €125,566 | €111,671 | €98,327 | ▼ 11.9% |
| Amounts payable within one year42/48 | €123,358 | €111,470 | €117,566 | €111,671 | €98,327 | ▼ 11.9% |
| Trade debts44 | €5,350 | €214 | €504 | €1,618 | €208 | ▼ 87.1% |
| Suppliers440/4 | €5,350 | €214 | €504 | €1,618 | €208 | ▼ 87.1% |
| Taxes, remuneration and social security45 | €2,593 | €731 | €1,591 | - | €579 | - |
| Taxes450/3 | €2,593 | €731 | €1,591 | - | €579 | - |
| Other amounts payable47/48 | €115,415 | €110,525 | €115,471 | €110,053 | €97,539 | ▼ 11.4% |
| Accrued charges and deferred income492/3 | - | €8,000 | €8,000 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,167 | -€47,140 | €6,440 | €9,209 | €112 | ▼ 98.8% |
| + Depreciation and write-downs630 | €767 | €767 | €767 | - | €154 | - |
| Operating cash flow (approximation) | €7,934 | -€46,373 | €7,207 | €9,209 | €266 | ▼ 97.1% |
| Investment in fixed assets (approximation) | - | €43,625 | €0 | €0 | -€1,334 | - |
| Change in cash | - | -€3,390 | -€1,182 | €7,172 | -€5,128 | ▼ 172% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €9,209 ▲43%
Net result €9,209, the highest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6,440
Net result €6,440 after one loss-making year.
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€47,140
Net result drops to -€47,140, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7,167
Net result €7,167 after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
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 3 acts read
About the unread acts
We know of 3 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
3 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, Malle · 1 establishment unit since 2006
Ground area
4,737 m²
Building footprint
469 m²
Volume, LiDAR
1,304 m³
Parcel 11049C0136/00C000, Flanders · tallest building 19.8 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
EMM
since 20062.151.001.229
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049C0136/00C000 | Flanders | 4,737 m² | 1 · 469 m² | 19.8 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.
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
-
20%
According to the 2025 annual accounts of EMM 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 32,026 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
Founded28-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878207514
Also
9925:BE0878207514
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.