EMMA
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 403 sector peers (2025).
NBB · sector comparisonPosition among 403 sector peers
Solvency
better than 13%
← weakest
strongest →
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 23-02-2026, 158 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
158 d early
2024
53 d late
2023
23 d early
2022
47 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Manufacture of machinery and equipment not elsewhere classified sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€8,381▼ 73.0%
2024 · €31,059
Total assets
€246,281▼ 2.1%
2024 · €251,480
Net result
-€22,678
2024 · €10,547
Working capital
-€143,550▼ 8.4%
2024 · -€132,375
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€46,632-€6,373€10,888▲ 70.8%-€22,236
Net result-€46,666below the sector's middle half-€5,677within the sector's middle half€10,547within the sector's middle half▲ 85.8%-€22,678below the sector's middle half
Equity€14,834below the sector's middle half-€20,512below the sector's middle half▲ 38.3%€31,059within the sector's middle half▲ 51.4%€8,381below the sector's middle half▼ 73.0%
Total assets€148,496within the sector's middle half-€387,615within the sector's middle half▲ 161%€251,480within the sector's middle half▼ 35.1%€246,281within the sector's middle half▼ 2.1%
Debt€133,662-€367,103▲ 175%€220,421▼ 40.0%€237,900▲ 7.9%
Working capital-€123,160below the sector's middle half--€149,264below the sector's middle half▼ 21.2%-€132,375below the sector's middle half▲ 11.3%-€143,550below the sector's middle half▼ 8.4%
Solvency10.0%below the sector's middle half-5.3%below the sector's middle half▼ 4.7pp12.4%below the sector's middle half▲ 7.1pp3.4%below the sector's middle half▼ 8.9pp
Current ratio0.08below the sector's middle half-0.59below the sector's middle half▲ 0.510.40below the sector's middle half▼ 0.190.40below the sector's middle half=
Return on assets (ROA)-31.4%below the sector's middle half-1.5%within the sector's middle half▲ 32.9pp4.2%within the sector's middle half▲ 2.7pp-9.2%below the sector's middle half▼ 13.4pp
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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 €22,236 after €10,888 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €246,281
Fixed assets
€151,931 ▼ 7.0%
Current assets
€94,350 ▲ 7.2%
Equity and liabilities €246,281
Equity
€8,381 ▼ 73.0%
Debt
€237,900 ▲ 7.9%
Debt's share of the balance-sheet total rises from 87.6% to 96.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€10,734▼
2024 · €24,240
Cash flow
-€11,175▼
2024 · €23,900
Debt to equity
28.39▲
2024 · 7.10
ROE
-270.6%▼
2024 · 34.0%
Interest coverage
-22.84▼
2024 · 68.75
Debt ≤ 1 year
€237,900▲
2024 · €220,421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,009 | €10,127 | €13,353 | €11,503 | ▼ 13.9% |
| Other operating charges640/8 | €200 | €922 | €311 | €862 | ▲ 177% |
| Non-recurring operating charges66A | - | - | - | €541 | - |
| Gross operating margin9900 | -€31,423 | €17,422 | €24,551 | -€9,331 | ▼ 138% |
| Operating profit (loss)9901 | -€46,632 | €6,373 | €10,888 | -€22,236 | ▼ 304% |
| Financial income75/76B | €7 | €15 | €12 | €28 | ▲ 138% |
| Recurring financial income75 | €7 | €15 | €12 | €28 | ▲ 138% |
| Non-recurring financial income76B | €0 | - | - | - | - |
| Financial charges65/66B | €41 | €711 | €353 | €470 | ▲ 33.3% |
| Recurring financial charges65 | €41 | €711 | €353 | €470 | ▲ 33.3% |
| Profit (loss) for the period before taxes9903 | -€46,666 | €5,677 | €10,547 | -€22,678 | ▼ 315% |
| Profit (loss) for the period9904 | -€46,666 | €5,677 | €10,547 | -€22,678 | ▼ 315% |
| Profit (loss) for the period to be appropriated9905 | -€46,666 | €5,677 | €10,547 | -€22,678 | ▼ 315% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €148,496 | €387,615 | €251,480 | €246,281 | ▼ 2.1% |
| Fixed assets21/28 | €137,994 | €169,776 | €163,433 | €151,931 | ▼ 7.0% |
| Intangible fixed assets21 | €11,062 | €7,154 | €3,245 | - | - |
| Tangible fixed assets22/27 | €123,917 | €154,643 | €148,897 | €140,639 | ▼ 5.5% |
| Land and buildings22 | €93,994 | €93,994 | €93,994 | €93,994 | = |
| Plant, machinery and equipment23 | €5,418 | €19,519 | €13,773 | €5,516 | ▼ 60.0% |
| Assets under construction and advance payments27 | €24,505 | €41,130 | €41,130 | €41,130 | = |
| Financial fixed assets28 | €3,015 | €7,979 | €11,291 | €11,291 | = |
| Current assets29/58 | €10,502 | €217,839 | €88,046 | €94,350 | ▲ 7.2% |
| Amounts receivable within one year40/41 | €4,269 | €216,331 | €87,161 | €91,151 | ▲ 4.6% |
| Trade receivables40 | €2,988 | €182,028 | €86,635 | €90,006 | ▲ 3.9% |
| Other amounts receivable41 | €1,281 | €34,303 | €525 | €1,145 | ▲ 118% |
| Cash at bank and in hand54/58 | €2,628 | €1,508 | €886 | €3,199 | ▲ 261% |
| Deferred charges and accrued income490/1 | €3,605 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €148,496 | €387,615 | €251,480 | €246,281 | ▼ 2.1% |
| Equity10/15 | €14,834 | €20,512 | €31,059 | €8,381 | ▼ 73.0% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | -€46,666 | -€40,988 | -€30,441 | -€53,119 | ▼ 74.5% |
| Amounts payable17/49 | €133,662 | €367,103 | €220,421 | €237,900 | ▲ 7.9% |
| Amounts payable within one year42/48 | €133,662 | €367,103 | €220,421 | €237,900 | ▲ 7.9% |
| Trade debts44 | €18,989 | €26,429 | €5,076 | €17,306 | ▲ 241% |
| Suppliers440/4 | €18,989 | €26,429 | €5,076 | €17,306 | ▲ 241% |
| Taxes, remuneration and social security45 | - | €11,206 | €2,247 | - | - |
| Taxes450/3 | - | €11,206 | €2,247 | - | - |
| Other amounts payable47/48 | €114,673 | €329,468 | €213,098 | €220,595 | ▲ 3.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,666 | €5,677 | €10,547 | -€22,678 | ▼ 315% |
| + Depreciation and write-downs630 | €15,009 | €10,127 | €13,353 | €11,503 | ▼ 13.9% |
| Operating cash flow (approximation) | -€31,657 | €15,804 | €23,900 | -€11,175 | ▼ 147% |
| Investment in fixed assets (approximation) | - | -€41,909 | -€7,010 | €0 | ▲ 100% |
| Change in cash | - | -€1,120 | -€622 | €2,314 | ▲ 472% |
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
05-05
State Gazette act
Restructuring · End & cessationDeclaration · Power of attorney · Merger5 facts ▸
State Gazette act
Restructuring · End & cessation
Declaration · Power of attorney · Merger5 facts ▸
- General meeting, 10-03-2026
- Declaration, reconnaissance du projet de fusion, un mois au moins avant l'assemblée générale
- Declaration, possibilité de prendre connaissance, article 12:51 du CSA
- Power of attorney, David SERGEANT
- Merger, absorption, dissolution de plein droit et sans liquidation
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Highest result since 2022net €10,547 ▲85.8%
Operating result €10,888, net result €10,547, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5,677
Net result €5,677 after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 1 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Charleroi
Ground area
2,954 m²
Building footprint
671 m²
Volume, LiDAR
5,032 m³
Parcel 52028B0315/18E000, Wallonia · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028B0315/18E000 | Wallonia | 2,954 m² | 1 · 670 m² | 10.0 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 ownerChain of control
- IPRATECH
- EMMA
Highest known parent: IPRATECH. The sources do not say who stands above it.
Owners 1
- IPRATECHparentSourceaccounts IPRATECH 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Acquisitions and mergers
1 transactionTaken over by:IPRATECH
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Of 345 companies in this sector we hold annual accounts for 278. 65 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded10-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
28990Manufacture of machinery and equipment not elsewhere classified
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0783297071
Also
9925:BE0783297071
Registered
21-01-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.