Result
€70,741 ▲ 721%
The result rose in 2025 from €8,618 to €70,741.
EMMA CONSTRUCT
Overview
Lifetime
3 annual accounts with figures on one time axispeak €119,579 (2025)
€119,579▲ 875%
lowest -€1,252 (2023)
€70,741▲ 721%
peak €81,307 (2025)
€81,307▲ 670%
€71,469▲ 13×
Board1 name since 2022
1 directorNICHITA Reiss Ioan Iulian
Documentsfilings and deeds
26-08-202626 days late
2025micro format
Gross margin from €12,262 to €119,579Result from €8,618 to €70,741Equity from €10,566 to €81,307Debts from €5,600 to €71,469Investments €33,299Cash from €6 to €8
Key points
from the 2025 annual accountsTurnover
≈ €390,000 estimated
The micro format states no turnover.
Debts
€71,469 ▲ 13×
Debts rose by €65,869 in 2025.
Filings
3 annual accounts 2 late
The 2023 accounts came latest: 26 days after the end of the period.
At the same address
16 companies
Position in the sector
€70,741
Higher net result than 92% of companies in construction of buildings. Sector median €8,543 · 9,442 companies.
Checked score
50
Fair
Financially stronger than 72% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.7%
01-2025: 4.7%● unchanged vs 12-2024
02-2025: 4.7%● unchanged vs 01-2025
03-2025: 4.7%● unchanged vs 02-2025
04-2025: 4.8%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 4.8%● unchanged vs 04-2025
06-2025: 4.7%▼ -0.1 percentage points vs 05-2025
07-2025: 3.8%▼ -0.9 percentage points vs 06-2025
08-2025: 3.8%● unchanged vs 07-2025lowest value
09-2025: 3.8%● unchanged vs 08-2025lowest value
10-2025: 3.8%● unchanged vs 09-2025lowest value
11-2025: 3.8%● unchanged vs 10-2025lowest value
12-2025: 3.8%● unchanged vs 11-2025lowest value
01-2026: 3.8%● unchanged vs 12-2025
02-2026: 3.8%● unchanged vs 01-2026
03-2026: 3.9%▲ +0.1 percentage points vs 02-2026
04-2026: 3.9%● unchanged vs 03-2026
05-2026: 3.9%● unchanged vs 04-2026
06-2026: 3.9%● unchanged vs 05-2026
07-2026: 4.1%▲ +0.2 percentage points vs 06-2026
08-2026: 4.0%▼ -0.1 percentage points vs 07-2026
09-2026: 4.1%▲ +0.1 percentage points vs 08-2026
10-2026: 4.1%● unchanged vs 09-2026
11-2026: 4.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2022
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: total assets €152,776
Liquidity: current ratio 2.87, cash €8
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 62% of them on solvency, 36% on liquidity, 91% on profitability and 99% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as EMMA CONSTRUCT has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EMMA CONSTRUCT itself is higher: 4.1% within 12 months. It rests on far more data about EMMA CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for EMMA CONSTRUCT. 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
Credit of up to €4,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 2.87 (2.34 in 2024), above the usual 1.5. Short-term debt is 26.8% and cash 0% of total assets. 46.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
26 days late
2024
33 days early
2023
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 6 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (3 of the last 3 accounts filed within 59 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Judicial dissolution, liquidator appointed
Enterprise Court of Brussels · Teintenier Lieve · judgment of 08-05-2026 · Bankruptcy
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0794848781
Incorporation
Founding capital of €3,200, 100 shares · Founder: NICHITA Reiss Ioan Iulian · Appointment: NICHITA Reiss Ioan Iulian (director) · published on 19-12-2022 · Gazette deed
First establishment
Rue du Forum 9, Charleroi
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EMMA CONSTRUCT Wemmel | €152,776 | €119,579 | 53.2% | - |
| AVD STRUCTURE Liedekerke | €144,268 | €112,617 | 68.7% | - |
| RN CONSTRUCT Overijse | €153,471 | €123,648 | 33.6% | - |
| SVIS Leuven | €174,579 | €105,515 | 35.1% | - |
| LAZO BUILDING Kraainem | €171,242 | €115,758 | 13.0% | - |
| RF INNOV Sint-Pieters-Leeuw | €174,802 | €104,818 | 76.8% | - |
| KRYLOS Asse | €186,364 | €112,917 | 56.7% | - |
These companies have the same main activity as EMMA CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €144,000 and €186,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 15-12-2022Normal situation
- Registered office
- 17 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.339.022.8616061 Charleroi, since 15-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 24-10-2025
Annual accounts 2025
- €119,579▲ 875%
- €70,741▲ 721%
- €81,307▲ 670%
- €152,776▲ 845%
- Filing
- Filed on 26-08-2026
Insights on EMMA CONSTRUCT
EMMA CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from -€1,236 in 2023 to €119,579 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 26-08-2026, 26 days late€119,579
▲ 875%
€88,666
▲ 651%
€70,741
▲ 721%
€76,608
▲ 917%
53.2%
▼ 12.1 percentage points
2.87
▲ 0.53
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €390,000. Estimated: probably between €280,000 and €610,000.
Balance sheet
balance sheet total €152,776 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
53.2%
Higher than 61% of 9,452 companies in 2025.
2.87
Higher than 73% of 9,200 companies in 2025.
46.3%
Higher than 93% of 9,272 companies in 2025.
EMMA CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
152,776 | 16,166 | 6,889 | |
21/28 |
35,212 | 3,036 | - | |
22/27 |
2,962 | 3,036 | - | |
23 |
992 | - | - | |
24 |
1,970 | 3,036 | - | |
28 |
32,250 | - | - | |
29/58 |
117,564 | 13,130 | 6,889 | |
29 |
40,000 | - | - | |
291 |
40,000 | - | - | |
40/41 |
76,321 | 13,124 | 6,889 | |
40 |
46,490 | 7,987 | 4,464 | |
41 |
29,831 | 5,137 | 2,425 | |
54/58 |
8 | 6 | - | |
490/1 |
1,236 | - | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
152,776 | 16,166 | 6,889 | |
10/15 |
81,307 | 10,566 | 1,948 | |
10/11 |
3,200 | 3,200 | 3,200 | |
14 |
78,107 | 7,366 | -1,252 | |
17/49 |
71,469 | 5,600 | 4,940 | |
42/48 |
40,956 | 5,600 | 4,940 | |
43 |
- | 0 | 0 | |
430/8 |
- | 0 | 0 | |
44 |
19,575 | 2,523 | 4,940 | |
440/4 |
19,575 | 2,523 | 4,940 | |
45 |
21,380 | 3,077 | - | |
450/3 |
21,380 | 3,077 | - | |
492/3 |
30,513 | - | - | |
| Income statement | ||||
9900 |
119,579 | 12,262 | -1,236 | |
630 |
1,124 | 164 | - | |
635/8 |
28,350 | - | - | |
640/8 |
1,440 | 300 | - | |
9901 |
88,666 | 11,799 | -1,236 | |
75/76B |
837 | 142 | 46 | |
75 |
837 | 142 | 46 | |
65/66B |
459 | 246 | 61 | |
65 |
459 | 246 | 61 | |
9903 |
89,044 | 11,695 | -1,252 | |
67/77 |
18,303 | 3,077 | - | |
9904 |
70,741 | 8,618 | -1,252 | |
9905 |
70,741 | 8,618 | -1,252 | |
| Appropriation of the result | ||||
9906 |
78,107 | 7,366 | -1,252 | |
14P |
7,366 | -1,252 | - | |
| Document | ||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00438888.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 89,789 | 11,962 | - | ||
| 71,865 | 8,781 | - | ||
| 33,299 | 3,200 | - | ||
| 2 | - | - | ||
| 76,608 | 7,530 | 1,948 | ||
| 53.2% | 65.4% | 28.3% | ||
| 2.87 | 2.34 | 1.39 | ||
| 0.88 | 0.53 | 2.54 | ||
| 87.0% | 81.6% | -64.2% | ||
| 46.3% | 53.3% | -18.2% | ||
| over 100 | 48.70 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €1,049 | €3,200 | - |
| Financial fixed assets | €32,250 | - | - |
| €1,124 | €164 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on EMMA CONSTRUCT
The operating result for 2025 is 7.5 times that of 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total rises from 34.6% to 46.8%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 19-12-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 26-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “afbreuk doet aan de regelmatigheid van de samenstelling van het bestuursorgaan tot op dat ogenblik. ARTIKEL ELF- BEVOEGDHEDEN VAN HET…”deed of 19-12-2022
Mandates through the years
1 name, the dashed line is todayNICHITA Reiss Ioan Iulian
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- NICHITA Reiss Ioan Iulian
- Director (not named in the articles), appointed by deed of 19-12-2022, still in office
Control
Capital
- Contribution
- €3,200
- Shares
- 100
- Contribution per share
- €32
- Equity per share
- €813 in 2025
- Source
- deed of 19-12-2022
Articles of association
deed of 19-12-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 100 shares
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager en helft koper(s), overdracht onder levenden aan andere persoon dan vrij overdraagbare kring”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 19-12-2022 ↗
- NICHITA Reiss Ioan Iulian 100 shares (100%)
Network & group
No group
EMMA CONSTRUCT has no parent and no holdings in its annual accounts. NICHITA Reiss Ioan Iulian is the only director. EMMA CONSTRUCT shares no director with another company.
At the same address
Koningin Astridlaan 59A, 1780 Wemmel · 16 other companies| JPM TOYS
establishment since 09-05-2000 · founded in 2000 |
6.9 FTE (2025) 0470.633.013 |
| REMATICS
establishment since 30-10-2023 · founded in 2023 |
2 FTE (2025) 1001.753.840 |
| JAK Solutions
establishment since 27-01-2022 · founded in 2015 |
total assets €364,259 (2025) 0642.930.747 |
| DDC Design
registered office since 10-12-2020 · founded in 2020 |
total assets €117,101 (2025) 0759.668.465 |
| ANKA CARE
registered office since 23-12-2022 · founded in 2022 |
total assets €94,248 (2025) 0795.309.532 |
| MILLENNIUM INVESTMENT AND CONSULTING
registered office since 17-02-2022 · founded in 2022 · accounts filed late |
total assets €88,161 (2024) 0782.314.007 |
| MRP Group
registered office since 22-01-2018 · founded in 2018 |
total assets €77,646 (2025) 0688.713.361 |
| BEHIND THE DOOR
registered office since 25-01-2023 · founded in 2023 |
total assets €65,645 (2025) 0797.626.050 |
| ASK Services
registered office since 28-06-2022 · founded in 2022 · negative equity (2025) |
total assets €30,040 (2025) 0787.743.829 |
| PROJET CARRO
registered office since 25-11-2022 · founded in 2022 |
total assets €29,150 (2025) 0793.989.243 |
Timeline
Timeline
9 events since 2022Filings
Financial
Establishments
Insolvency
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 26 days late
Judicial dissolution, liquidator appointed Enterprise Court of Brussels · Teintenier Lieve · judgment of 08-05-2026
2025
Highest result from 2023 to 2025 net €70,741 ▲721% The operating result of €88,666 and the net result of €70,741 are both a record.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0794848781
Annual accounts 2024 filed PDFmicro format · 33 days before the deadline
2024
Back to profit net €8,618 The net result is €8,618, after one loss-making year.
Annual accounts 2023 filed PDFmicro format · 26 days late
2022
IncorporationFounding capital of €3,200, 100 shares · Founder: NICHITA Reiss Ioan Iulian · Appointment: NICHITA Reiss Ioan Iulian (director) · published on 19-12-20225 points ▸
- Founder, NICHITA Reiss Ioan Iulian
- Founding capital, €3,200, 100 shares
- Registered office clause, Koningin Astridlaan 59A, 1780 Wemmel
- Board rule, 1
- Director appointment, NICHITA Reiss Ioan Iulian (director (not named in the articles))
- The deed holds 4 more points.
First establishment Rue du Forum 9, Charleroi
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 15 December 2022, EMMA CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €3,200.12 NICHITA Reiss Ioan Iulian is director of the company, appointed by deed of 19-12-2022.2 Total assets went from €6,889 in 2023 to €152,776 in 2025.3
Company details
Identity
- Enterprise number
- 0794.848.781
- VAT number
- BE 0794.848.781
- Peppol ID
- 0208:0794848781
- Other Peppol ID
- 9925:BE0794848781
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 15-12-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00deed of 19-12-2022 (in Dutch)
- Peppol
- Reachable since 24-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- EMMA CONSTRUCT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 19-12-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 19-12-2022 (in Dutch)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
Codes under NACEBEL 2008
41201
General construction of buildings main activity
81220
Other building cleaning and industrial cleaning
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Algemene bouwwerkzaamheden in de meest ruime zin van het woord; Bouwen van individuele huizen en andere gebouwen waaronder doch niet…”deed of 19-12-2022 (in Dutch)
8 activities
- Algemene bouwwerkzaamheden in de meest ruime zin van het woord;
- Bouwen van individuele huizen en andere gebouwen waaronder doch niet uitsluitend bedrijfsgebouwen;
- Metselwerken,betonwerken en alle aanverwante activiteiten;
- Renovatiewerken in de meest ruime zin van het woord aan gebouwen;
- Gyprocwerken en schilderwerken;
- Algemeen Schrijnwerk en sanitair.
- Dakwerken;
- Plaatsen van ramen en deuren.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Koningin Astridlaan 59A registered office 1780 Wemmel | ||
| Rue du Forum 9 6061 Charleroi | 15-12-2022 | 2.339.022.861 |
Buildings and parcels at the addresses
- Ground area
- 6,384 m²
- Buildings
- 1,963 m²
- Volume, LiDAR
- 20,147 m³
- Tallest building
- 15.3 m
Buildings to scale, each on its own parcel
Parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22662B0407/00D011 | Flanders | 6,201 m² | 1 · 1,886 m² | 15.3 m · 3 |
| 52412A0424/00R000 | Wallonia | 183 m² | 1 · 77 m² | 12.3 m · 4 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0794.848.781