EMMO
Bankruptcy closedInactive since 23-04-2026; last annual accounts for financial year 2022.
Summary
EMMO was declared bankrupt on 05-10-2023 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed by liquidation by judgment of 14-04-2026, published in the Belgian Official Gazette on 20-04-2026.
Financials · financial year 2022, micro format
2022 annual accounts filed late (24 days) Filed on 24 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00365110.
Turnover
≈ €160,000
Estimated: probably between €95,000 and €280,000
Total assets
€66,301▼ 38.5%
2021 · €107,747
Net result
-€67,383
2021 · €1,073
Working capital
-€21,258
2021 · €65,651
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result turns negative in 2022: a loss of €68,462 after €5,763 in 2021, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€68,462
2022
Net result-€67,383
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€66,301
2022
Equity-€1,099
2022
Debt€61,394
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€21,258
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)4.8
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€59,084--€8,110€3,311€5,763▲ 74.1%-€68,462
Net result€52,649--€27,097€3,346€1,073▼ 67.9%-€67,383
Equity€62,915-€35,818▼ 43.1%€39,165▲ 9.3%€66,284▲ 69.2%-€1,099
Total assets€103,898-€76,104▼ 26.8%€71,459▼ 6.1%€107,747▲ 50.8%€66,301▼ 38.5%
Debt€40,982-€40,285▼ 1.7%€32,294▼ 19.8%€34,952▲ 8.2%€61,394▲ 75.7%
Working capital€34,727-€9,492▼ 72.7%€17,002▲ 79.1%€65,651▲ 286%-€21,258
Staff (FTE)1.8-1.7▼ 5.6%1.2▼ 29.4%1.4▲ 16.7%4.8▲ 243%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €66,301
Fixed assets
€26,166 ▲ 183%
Current assets
€40,135 ▼ 59.3%
Equity and liabilities
Equity-€1,099
Debt€61,394
Equity is negative: debt (€61,394) exceeds the balance-sheet total (€66,301).
Key figures and ratios
EBITDA
-€65,851▼
2021 · €10,811
Cash flow
-€64,772▼
2021 · €6,120
Solvency
-1.7%▼
2021 · 61.5%
Current ratio
0.65▼
2021 · 3.00
Quick ratio
0.53▼
2021 · 3.00
ROA
-101.6%▼
2021 · 1.0%
Interest coverage
-29.91▼
2021 · 3.79
Debt ≤ 1 year
€61,394▲
2021 · €32,849
Staff costs
€105,069▲
2021 · €13,669
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,420 | - |
| Remuneration, social security and pensions62 | - | - | - | €13,669 | €105,069 | ▲ 669% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,841 | €13,016 | €11,711 | €5,048 | €2,611 | ▼ 48.3% |
| Other operating charges640/8 | - | - | - | €1,226 | €62 | ▼ 94.9% |
| Non-recurring operating charges66A | - | - | - | €561 | - | - |
| Gross operating margin9900 | €111,073 | €59,323 | €41,529 | €26,267 | €39,280 | ▲ 49.5% |
| Operating profit (loss)9901 | €59,084 | -€8,110 | €3,311 | €5,763 | -€68,462 | - |
| Financial income75/76B | - | - | - | €639 | €2,775 | ▲ 334% |
| Recurring financial income75 | €1,938 | €3,221 | €3,459 | €639 | €2,775 | ▲ 334% |
| Financial charges65/66B | - | - | - | €2,851 | €2,201 | ▼ 22.8% |
| Recurring financial charges65 | €4,342 | €3,628 | €2,619 | €2,851 | €2,201 | ▼ 22.8% |
| Profit (loss) for the period before taxes9903 | €56,680 | -€8,516 | €4,151 | €3,551 | -€67,888 | - |
| Transfer from deferred taxes780 | - | - | - | - | €505 | - |
| Income taxes67/77 | €4,031 | €18,581 | €804 | €2,479 | - | - |
| Profit (loss) for the period9904 | €52,649 | -€27,097 | €3,346 | €1,073 | -€67,383 | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | €2,021 | - |
| Profit (loss) for the period to be appropriated9905 | €52,649 | -€27,097 | €3,346 | €1,073 | -€65,362 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103,898 | €76,104 | €71,459 | €107,747 | €66,301 | ▼ 38.5% |
| Fixed assets21/28 | €35,654 | €35,808 | €29,210 | €9,247 | €26,166 | ▲ 183% |
| Tangible fixed assets22/27 | €35,654 | €35,808 | €29,210 | €9,247 | €26,166 | ▲ 183% |
| Land and buildings22 | - | - | - | €5,640 | €8,927 | ▲ 58.3% |
| Plant, machinery and equipment23 | - | - | - | €2,371 | €9,184 | ▲ 287% |
| Furniture and vehicles24 | - | - | - | €1,236 | €8,054 | ▲ 552% |
| Current assets29/58 | €68,244 | €40,295 | €42,249 | €98,500 | €40,135 | ▼ 59.3% |
| Stocks and contracts in progress3 | €6,807 | €3,798 | €2,697 | - | €7,501 | - |
| Stocks30/36 | - | - | - | - | €7,501 | - |
| Amounts receivable within one year40/41 | €48,776 | €32,987 | €32,744 | €6,283 | €4,465 | ▼ 28.9% |
| Trade receivables40 | - | - | - | - | €3,893 | - |
| Other amounts receivable41 | - | - | - | €6,283 | €572 | ▼ 90.9% |
| Cash at bank and in hand54/58 | €9,491 | €250 | €256 | €239 | €22,212 | ▲ 93× |
| Deferred charges and accrued income490/1 | - | - | - | €91,978 | €5,958 | ▼ 93.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103,898 | €76,104 | €71,459 | €107,747 | €66,301 | ▼ 38.5% |
| Equity10/15 | €62,915 | €35,818 | €39,165 | €66,284 | -€1,099 | - |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €56,715 | €29,618 | €32,965 | €60,084 | €58,063 | ▼ 3.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €26,046 | €24,025 | ▼ 7.8% |
| Distributable reserves133 | - | - | - | €32,178 | €32,178 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€65,362 | - |
| Provisions and deferred taxes16 | - | - | - | €6,512 | €6,006 | ▼ 7.8% |
| Deferred taxes168 | - | - | - | €6,512 | €6,006 | ▼ 7.8% |
| Amounts payable17/49 | €40,982 | €40,285 | €32,294 | €34,952 | €61,394 | ▲ 75.7% |
| Amounts payable after more than one year17 | €7,465 | €9,482 | €7,047 | €2,073 | - | - |
| Financial debts170/4 | - | - | - | €2,073 | - | - |
| Amounts payable within one year42/48 | €33,517 | €30,803 | €25,247 | €32,849 | €61,394 | ▲ 86.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,382 | €2,073 | ▼ 61.5% |
| Financial debts43 | - | - | - | €4,985 | - | - |
| Credit institutions430/8 | - | - | - | €4,985 | - | - |
| Trade debts44 | €21,638 | €16,232 | €17,266 | €652 | €18,561 | ▲ 28× |
| Suppliers440/4 | - | - | - | €652 | €18,561 | ▲ 28× |
| Advances received on contracts in progress46 | - | - | - | - | €708 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,119 | €20,825 | ▲ 19× |
| Taxes450/3 | - | - | - | €1,119 | €11,777 | ▲ 952% |
| Remuneration and social security454/9 | - | - | - | - | €9,047 | - |
| Other amounts payable47/48 | - | - | - | €20,710 | €19,228 | ▼ 7.2% |
| Accrued charges and deferred income492/3 | - | - | - | €30 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,649 | -€27,097 | €3,346 | €1,073 | -€67,383 | - |
| + Depreciation and write-downs630 | €11,841 | €13,016 | €11,711 | €5,048 | €2,611 | ▼ 48.3% |
| Operating cash flow (approximation) | €64,490 | -€14,081 | €15,058 | €6,120 | -€64,772 | - |
| Investment in fixed assets (approximation) | - | -€13,171 | -€5,113 | €14,915 | -€19,529 | - |
| Change in cash | - | -€9,242 | €6 | -€17 | €21,974 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 24-08-2023 | 2023-00365110 |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20127530 |
| 31-12-2020 | micro format | 05-08-2021 | 2021-46300118 |
| 31-12-2019 | micro format | 04-08-2020 | 2020-39000458 |
| 31-12-2018 | micro format | 17-07-2019 | 2019-33700206 |
| 31-12-2017 | micro format | 25-06-2018 | 2018-23100482 |
| 31-12-2016 | micro format | 22-06-2017 | 2017-19800590 |
| 31-12-2015 | abbreviated format | 28-06-2016 | 2016-24400081 |
| 31-12-2014 | abbreviated format | 14-07-2015 | 2015-30200285 |
| 31-12-2013 | abbreviated format | 03-07-2014 | 2014-26100273 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.