EMMA SERVICES
ActiveSummary
EMMA SERVICES has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,423 and a net result of -€580. Equity is growing by ~36.5% per year across the filed fiscal years. Its solvency ranks better than 75% of 3505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▼-47
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 3.98 against 5.66 in 2024; short-term debt: 25.1% and cash: 52.4% of total assets), and 25.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.9%
Return on assets
-3.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 6 filingsDeviation from the deadline
2025
27 d late
2024
15 d late
2023
29 d late
2022
19 d late
2021
87 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€11,423▼ 4.8%
2024 · €12,003
Total assets
€15,250▲ 4.6%
2024 · €14,580
Net result
-€580
2024 · €2,213
Working capital
€11,423▼ 4.8%
2024 · €12,003
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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€3,010€3,277▲ 8.9%€4,619▲ 41.0%€2,110▼ 54.3%€577▼ 72.6%
Net result€2,951within the sector's middle half€3,546within the sector's middle half▲ 20.1%€3,391within the sector's middle half▼ 4.4%€2,213within the sector's middle half▼ 34.7%-€580within the sector's middle half
Equity€2,853below the sector's middle half€6,399below the sector's middle half▲ 124%€9,790below the sector's middle half▲ 53.0%€12,003within the sector's middle half▲ 22.6%€11,423within the sector's middle half▼ 4.8%
Total assets€3,198below the sector's middle half▲ 272%€6,619below the sector's middle half▲ 107%€10,960below the sector's middle half▲ 65.6%€14,580below the sector's middle half▲ 33.0%€15,250below the sector's middle half▲ 4.6%
Debt€345▼ 64.0%€220▼ 36.2%€1,170▲ 432%€2,577▲ 120%€3,827▲ 48.5%
Working capital€2,853€6,399▲ 124%€9,790▲ 53.0%€12,003▲ 22.6%€11,423▼ 4.8%
Solvency96.7%above the sector's middle half89.3%above the sector's middle half▼ 7.4pp82.3%above the sector's middle half▼ 7.0pp74.9%above the sector's middle half▼ 7.4pp
Staff (FTE)0.10.2▲ 100%0.3▲ 50.0%0.2▼ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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 has fallen two years in a row; 2025 is 73% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €15,250
Equity
€11,423 ▼ 4.8%
Debt
€3,827 ▲ 48.5%
Debt's share of the balance-sheet total rises from 17.7% to 25.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
3.98▼
2024 · 5.66
Debt to equity
0.34▲
2024 · 0.21
ROE
-5.1%▼
2024 · 18.4%
ROA
-3.8%▼
2024 · 15.2%
Debt ≤ 1 year
€3,827▲
2024 · €2,577
Income taxes
€1,013
Staff costs
€1,246▼
2024 · €4,916
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,440 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.4%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,440 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2,383 | €5,835 | €4,916 | €1,246 | ▼ 74.6% |
| Other operating charges640/8 | €427 | €175 | €355 | €296 | €305 | ▲ 3.2% |
| Gross operating margin9900 | €3,437 | €5,834 | €10,809 | €7,322 | €2,129 | ▼ 70.9% |
| Operating profit (loss)9901 | €3,010 | €3,277 | €4,619 | €2,110 | €577 | ▼ 72.6% |
| Financial income75/76B | €14 | €377 | €244 | €239 | - | - |
| Recurring financial income75 | €14 | €377 | €244 | €239 | - | - |
| Financial charges65/66B | €73 | €108 | €118 | €136 | €144 | ▲ 5.7% |
| Recurring financial charges65 | €73 | €108 | €118 | €136 | €144 | ▲ 5.7% |
| Profit (loss) for the period before taxes9903 | €2,951 | €3,546 | €4,746 | €2,213 | €433 | ▼ 80.4% |
| Income taxes67/77 | - | - | €1,355 | - | €1,013 | - |
| Profit (loss) for the period9904 | €2,951 | €3,546 | €3,391 | €2,213 | -€580 | ▼ 126% |
| Profit (loss) for the period to be appropriated9905 | €2,951 | €3,546 | €3,391 | €2,213 | -€580 | ▼ 126% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,198 | €6,619 | €10,960 | €14,580 | €15,250 | ▲ 4.6% |
| Current assets29/58 | €3,198 | €6,619 | €10,960 | €14,580 | €15,250 | ▲ 4.6% |
| Amounts receivable within one year40/41 | €2,835 | €3,594 | €3,195 | €7,258 | €7,258 | = |
| Other amounts receivable41 | €2,835 | €3,594 | €3,195 | €7,258 | €7,258 | = |
| Cash at bank and in hand54/58 | €363 | €3,025 | €7,765 | €7,322 | €7,992 | ▲ 9.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,198 | €6,619 | €10,960 | €14,580 | €15,250 | ▲ 4.6% |
| Equity10/15 | €2,853 | €6,399 | €9,790 | €12,003 | €11,423 | ▼ 4.8% |
| Contributions10/11 | €5 | €5 | €5 | €5 | €5 | = |
| Profit (loss) carried forward14 | €2,848 | €6,394 | €9,785 | €11,998 | €11,418 | ▼ 4.8% |
| Amounts payable17/49 | €345 | €220 | €1,170 | €2,577 | €3,827 | ▲ 48.5% |
| Amounts payable within one year42/48 | €345 | €220 | €1,170 | €2,577 | €3,827 | ▲ 48.5% |
| Trade debts44 | €345 | €109 | €501 | €1,100 | €2,270 | ▲ 106% |
| Suppliers440/4 | €345 | €109 | €501 | €1,100 | €2,270 | ▲ 106% |
| Taxes, remuneration and social security45 | - | €111 | €670 | €1,477 | €1,557 | ▲ 5.4% |
| Taxes450/3 | - | - | - | €1,297 | €1,557 | ▲ 20.1% |
| Remuneration and social security454/9 | - | €111 | €670 | €180 | €0 | ▼ 99.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,951 | €3,546 | €3,391 | €2,213 | -€580 | ▼ 126% |
| Operating cash flow (approximation) | €2,951 | €3,546 | €3,391 | €2,213 | -€580 | ▼ 126% |
| Change in cash | - | €2,661 | €4,740 | -€443 | €670 | ▲ 251% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet -€580
Net result drops to -€580, the lowest in the series.
15-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2022
31-12
Financial
Highest result since 2020net €3,546 ▲20.1%
Net result €3,546, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 30.08
Current ratio from 9.27 to 30.08; short-term debt falls from €345 to €220.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
31-12
Financial
Back to profitnet €2,951
Net result €2,951 after one loss-making year.
31-12
Financial
Liquidity times 10current ratio 9.27
Current ratio from 0.90 to 9.27; short-term debt falls from €958 to €345.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 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, Schaarbeek · 1 establishment unit since 2019
Ground area
105 m²
Building footprint
99 m²
Volume, LiDAR
1,125 m³
Parcel 21910E0172/00W003, Brussels · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
EMMA SERVICES
since 20192.293.765.235
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0172/00W003 | Brussels | 105 m² | 1 · 99 m² | 16.9 m · 5 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.
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Of 14,138 companies in sector 74201 we hold annual accounts for 2,616. 1,224 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
Founded27-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
74201Photography, excluding press photography
Contact
E-mail
photo_top@hotmail.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735375212
Also
9925:BE0735375212
Registered
01-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.