Deficits
-€306,780 in four years
Every financial year from 2022 to 2025 closed with a deficit. 2023 was the heaviest.
EMMA
Lifetime
17 annual accounts with figures on one time axispeak €2.5m (2025)
€2.5m▲ 2.6%
lowest -€106,520 (2023)
-€76,043▼ €16,952
peak €2.3m (2021)
€1.8m▼ 7.3%
€876,908▲ 19.0%
peak 42.6 FTE (2024)
42.2 FTE▼ 0.9%
Board27 names since 2021all names
19 directors and 18 others
Documentsfilings and deeds
22-07-20269 days before the deadline
2025abbreviated format
Loss of €76,043Debts from €736,819 to €876,908Cash from €34,618 to €100,866
Key points
from the 2025 annual accountsStaff
58 employees on 31-12-2025
In 2025, 42 people joined and 42 left.
Payment terms
82 days to suppliers
EMMA pays its suppliers 32 days later than in 2024. Customers pay 8 days later.
Filings
17 annual accounts since 2009
The 2019 accounts came 63 days late. The other nine of the last ten were filed on time.
Position in the sector
-€76,043
Lower net result than 89% of companies in social work without accommodation. Sector median €20,185 · 860 companies.
Public support
€7.0m awarded from 2022 to 2025
Flemish support, mostly Subsidies voorschoolse kinderopvang.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,685 companies had the same profile as EMMA has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,685 companies, not a prediction for EMMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Chair
Managing director
Director
Director
Director
Director
Recent changes
Resignations: (director) and (director)
General meeting of 24-06-2024 · Gazette deed
Resignation: (director)
General meeting of 24-06-2022 · Gazette deed
22 directors appointed
, , (managing director), , , and 16 others · General meeting of 18-06-2021 · Gazette deed
5 directors appointed
(chair); (vice-chair); (vice-chair); (secretary and treasurer) and (managing director) · General meeting of 08-12-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EMMA Antwerp | €661,627 | -12.3% | 67.6% | 42.2 |
| CRECHE EUROPEENNE Schaerbeek | - | - | -14.7% | 51.3 |
| DE BUITELING Brussels | - | - | 79.4% | 50.2 |
| EMANUELA Antwerp | €718,401 | -1.7% | 85.9% | 50.4 |
| RAINBOWS Antwerp | - | - | 62.9% | 34 |
| MIRAKEL Antwerp | - | - | 0.8% | 47.7 |
| Vlaamse Kinderopvang Ghent | - | - | 49.8% | 44.8 |
Grey: the largest companies of the sector (social work without accommodation (NACE 88)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as EMMA: day nurseries and crèches (NACE 88911). They are comparable in size and age: total assets between €1.5m and €4.6m, founded between 2001 and 2016.
Official details
Source: KBO- Status
- Active since 15-01-2009Normal situation
- Activity
- Day nurseries and crèchesNACE 88911
- Joint committee
- 331Flemish welfare and health sector · annual accounts 2025
- Establishment units
- 2.186.514.7112018 Antwerp, since 01-04-2009
- 2.186.515.3052610 Antwerp, since 01-04-2009
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €2.7m▼ 0.3%
- Employeeson 31-12-2025
- 58=
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on EMMA
EMMA files the abbreviated format. That format states no turnover. The gross margin rose from €1.2m in 2009 to €2.5m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EMMA
- What is the company number of EMMA?
- The company number of EMMA is 0809.945.050. The VAT number is the same number with BE in front: BE 0809.945.050.
- Where is EMMA based?
- The registered office is at Harmoniestraat 80, 2018 Antwerp.Company details
- What does EMMA do?
- According to the KBO register, the main activity is day nurseries and crèches (NACE 88911).
- What is the legal form of EMMA?
- EMMA is a non-profit association (VZW).
- When was EMMA founded?
- EMMA was founded on 15-01-2009.
- Is EMMA still active?
- Yes, EMMA is an active enterprise in the KBO register.
- How many employees does EMMA have?
- EMMA had an average of 42.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does EMMA fall under?
- In its 2025 annual accounts, EMMA states joint committee 331 (Flemish welfare and health sector).
- What is the turnover of EMMA?
- The turnover of EMMA was €661,627 in financial year 2025, according to the filed annual accounts.
- Is EMMA profitable?
- In financial year 2025, EMMA made a loss of €76,043.
- Where can I find the annual accounts of EMMA?
- EMMA filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EMMA due?
- EMMA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
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