Summary
EMMA 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 €11.2m and a net result of €1.7m. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 5587 sector peers (fiscal year 2025). The company has been active since 2011 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.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
15 d late
2023
28 d late
2022
30 d late
2021
30 d late
2020
9 d early
2019
29 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 22 days after 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#10 company by equity in Izegem, Finance and insurance sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€11.2m▲ 17.9%
2024 · €9.5m
Net result
€1.7m▲ 235%
2024 · €508,702
Total assets
€11.6m▲ 22.0%
2024 · €9.5m
Solvency
96.5%▼ 3.3pp
2024 · 99.8%
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€627,044▼ 13.4%€324,800▼ 48.2%€597,336▲ 83.9%€1.3m▲ 119%€2.2m▲ 64.5%
Net result€422,883above the sector's middle half▼ 2.7%€166,673within the sector's middle half▼ 60.6%€484,858above the sector's middle half▲ 191%€508,702above the sector's middle half▲ 4.9%€1.7mabove the sector's middle half▲ 235%
Equity€8.4mabove the sector's middle half▲ 5.3%€8.6mabove the sector's middle half▲ 2.0%€9.0mabove the sector's middle half▲ 5.0%€9.5mabove the sector's middle half▲ 5.7%€11.2mabove the sector's middle half▲ 17.9%
Total assets€8.8mabove the sector's middle half▲ 6.2%€8.8mabove the sector's middle half▲ 0.2%€9.2mabove the sector's middle half▲ 4.9%€9.5mabove the sector's middle half▲ 3.3%€11.6mabove the sector's middle half▲ 22.0%
Debt€365,376▲ 31.9%€213,835▼ 41.5%€222,309▲ 4.0%€17,004▼ 92.4%€408,010▲ 2,299%
Working capital€3.4mabove the sector's middle half▲ 14.0%€3.6mabove the sector's middle half▲ 5.3%€4.0mabove the sector's middle half▲ 9.9%€6.1mabove the sector's middle half▲ 52.5%€7.8mabove the sector's middle half▲ 28.5%
Solvency95.8%above the sector's middle half▼ 0.8pp97.6%above the sector's middle half▲ 1.7pp97.6%above the sector's middle half=99.8%above the sector's middle half▲ 2.2pp96.5%above the sector's middle half▼ 3.3pp
Current ratio10.41above the sector's middle half▼ 1.4819.29above the sector's middle half▲ 8.8720.90above the sector's middle half▲ 1.6120.11above the sector's middle half
Return on assets (ROA)4.8%within the sector's middle half▼ 0.4pp1.9%within the sector's middle half▼ 2.9pp5.3%within the sector's middle half▲ 3.4pp5.4%within the sector's middle half▲ 0.1pp14.7%above the sector's middle half▲ 9.3pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
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 schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 64% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.6m
Fixed assets
€3.4m ▼ 1.0%
Current assets
€8.2m ▲ 35.0%
Equity and liabilities €11.6m
Equity
€11.2m ▲ 17.9%
Debt
€408,010 ▲ 2,299%
Debt's share of the balance-sheet total rises from 0.2% to 3.5%. Equity and debt are higher.
Key figures and ratios
ROE
15.2%▲
2024 · 5.4%
Debt ≤ 1 year
€408,010▲
2024 · €10,163
Income taxes
€567,501▲
2024 · €380,976
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,715 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €0 | €12,086 | €25,076 | €33,045 | ▲ 31.8% |
| Other operating charges640/8 | €2,335 | €2,585 | €2,508 | €2,044 | €1,883 | ▼ 7.9% |
| Gross operating margin9900 | €629,379 | €327,385 | €611,930 | €1.3m | €2.2m | ▲ 63.7% |
| Operating profit (loss)9901 | €627,044 | €324,800 | €597,336 | €1.3m | €2.2m | ▲ 64.5% |
| Financial income75/76B | €53,539 | €72,200 | €70,436 | €227,009 | €185,552 | ▼ 18.3% |
| Recurring financial income75 | €53,539 | €72,200 | €70,436 | €227,009 | €185,552 | ▼ 18.3% |
| Financial charges65/66B | €13,713 | €154,579 | €23,064 | €645,196 | €67,216 | ▼ 89.6% |
| Recurring financial charges65 | €13,713 | €154,579 | €23,064 | €645,196 | €67,216 | ▼ 89.6% |
| Profit (loss) for the period before taxes9903 | €666,870 | €242,421 | €644,708 | €889,677 | €2.3m | ▲ 155% |
| Income taxes67/77 | €243,987 | €75,748 | €159,850 | €380,976 | €567,501 | ▲ 49.0% |
| Profit (loss) for the period9904 | €422,883 | €166,673 | €484,858 | €508,702 | €1.7m | ▲ 235% |
| Transfer from tax-exempt reserves789 | €337,900 | €0 | - | €608,600 | €88,410 | ▼ 85.5% |
| Transfer to tax-exempt reserves689 | €252,600 | €138,930 | €210,500 | €421,000 | €421,000 | = |
| Profit (loss) for the period to be appropriated9905 | €508,183 | €27,743 | €274,358 | €696,302 | €1.4m | ▲ 96.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.8m | €8.8m | €9.2m | €9.5m | €11.6m | ▲ 22.0% |
| Fixed assets21/28 | €5.0m | €5.0m | €5.0m | €3.4m | €3.4m | ▼ 1.0% |
| Tangible fixed assets22/27 | - | - | €73,748 | €127,893 | €94,848 | ▼ 25.8% |
| Furniture and vehicles24 | - | - | €73,748 | €127,893 | €94,848 | ▼ 25.8% |
| Financial fixed assets28 | €5.0m | €5.0m | €5.0m | €3.3m | €3.3m | = |
| Current assets29/58 | €3.8m | €3.8m | €4.2m | €6.1m | €8.2m | ▲ 35.0% |
| Amounts receivable after more than one year29 | €460,454 | €466,532 | €472,690 | €732,587 | €614,032 | ▼ 16.2% |
| Other amounts receivable291 | €460,454 | €466,532 | €472,690 | €732,587 | €614,032 | ▼ 16.2% |
| Amounts receivable within one year40/41 | €2.5m | €2.2m | €2.5m | €2.2m | €2.8m | ▲ 28.0% |
| Trade receivables40 | €50,796 | €96,800 | €249,260 | €11,367 | €2.2m | ▲ 19,113% |
| Other amounts receivable41 | €2.5m | €2.1m | €2.2m | €2.2m | €620,208 | ▼ 71.5% |
| Current investments50/53 | €487,952 | €846,501 | €962,536 | €1.5m | €4.6m | ▲ 198% |
| Cash at bank and in hand54/58 | €313,754 | €271,823 | €278,710 | €1.5m | €209,237 | ▼ 86.4% |
| Deferred charges and accrued income490/1 | €8,374 | €12,619 | €6,819 | €81,787 | €10,063 | ▼ 87.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.8m | €8.8m | €9.2m | €9.5m | €11.6m | ▲ 22.0% |
| Equity10/15 | €8.4m | €8.6m | €9.0m | €9.5m | €11.2m | ▲ 17.9% |
| Contributions10/11 | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Reserves13 | €4.9m | €5.1m | €5.5m | €6.0m | €7.7m | ▲ 28.4% |
| Tax-exempt reserves132 | €608,600 | €747,530 | €958,030 | €770,430 | €1.1m | ▲ 43.2% |
| Distributable reserves133 | €4.3m | €4.3m | €4.5m | €5.2m | €6.6m | ▲ 26.2% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €365,376 | €213,835 | €222,309 | €17,004 | €408,010 | ▲ 2,299% |
| Amounts payable within one year42/48 | €365,376 | €198,065 | €199,994 | €10,163 | €408,010 | ▲ 3,915% |
| Trade debts44 | €8,818 | €17,351 | €20,334 | €6,180 | €15,063 | ▲ 144% |
| Suppliers440/4 | €8,818 | €17,351 | €20,334 | €6,180 | €15,063 | ▲ 144% |
| Taxes, remuneration and social security45 | €173,850 | €46,545 | €22,508 | €3,983 | €9,803 | ▲ 146% |
| Taxes450/3 | €173,850 | €46,545 | €22,508 | €3,983 | €9,803 | ▲ 146% |
| Other amounts payable47/48 | €182,709 | €134,169 | €157,152 | €0 | €383,145 | - |
| Accrued charges and deferred income492/3 | - | €15,770 | €22,315 | €6,841 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €422,883 | €166,673 | €484,858 | €508,702 | €1.7m | ▲ 235% |
| + Depreciation and write-downs630 | €0 | €0 | €12,086 | €25,076 | €33,045 | ▲ 31.8% |
| Operating cash flow (approximation) | €422,883 | €166,673 | €496,944 | €533,778 | €1.7m | ▲ 225% |
| Investment in fixed assets (approximation) | - | €0 | -€85,834 | €1.6m | €0 | ▼ 100% |
| Change in cash | - | -€41,931 | €6,887 | €1.3m | -€1.3m | ▼ 205% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
30-09
Financial
Highest result since 2018net €1.7m ▲235%
Operating result €2.2m, net result €1.7m, both a record.
30-09
Financial
Equity above €10mEq €11.2m ▲17.9%
8 profitable years in a row build equity to €11.2m.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 15 days late
2024
30-09
Financial
Liquidity times 29current ratio 598.24
Current ratio from 20.90 to 598.24; short-term debt falls from €199,994 to €10,163.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
30-09
Financial
Weakest financial yearnet €166,673 ▼60.6%
Net result drops to €166,673, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 29 days late
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Izegem · 1 establishment unit since 2011
Ground area
1,511 m²
Building footprint
248 m²
Volume, LiDAR
787 m³
Parcel 36492A1000/00T000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
EMMA BVBA
since 20112.198.191.927
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A1000/00T000 | Flanders | 1,511 m² | 1 · 248 m² | 6.3 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 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
99.87%
According to the annual accounts to 30-09-2025 of EMMA 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600EMP461C7A3F253
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 5,745 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
Founded04-03-2011
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834352428
Also
9925:BE0834352428
Registered
10-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.