EMOTION
ActiveSummary
EMOTION has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €408,178 and a net result of €60,557. Equity is shrinking by ~4.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+9
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.3 in 2023; short-term debt: 17.9% and cash: 0.4% of total assets), and 17.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
82.1%
Return on assets
12.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
61 d early
2022
6 d early
2021
22 d late
2020
88 d late
2019
60 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 16 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, unclassified schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€60,557▲ 130%
2023 · €26,374
Working capital
-€70,874▲ 0.3%
2023 · -€71,066
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€61,423▼ 622%-€24,730▲ 59.7%€10,087€29,532▲ 193%€67,221▲ 128%
Net result-€61,885▼ 527%-€25,414▲ 58.9%€9,141€26,374▲ 189%€60,557▲ 130%
Equity€454,521▼ 12.0%€429,107▼ 5.6%€438,248▲ 2.1%€397,621▼ 9.3%€408,178▲ 2.7%
Total assets€686,417▼ 10.5%€623,228▼ 9.2%€544,539▼ 12.6%€512,742▼ 5.8%€497,415▼ 3.0%
Debt€231,896▼ 7.4%€194,121▼ 16.3%€106,291▼ 45.2%€115,121▲ 8.3%€89,237▼ 22.5%
Working capital€15,495▼ 33.7%€42,448▲ 174%€5,675▼ 86.6%-€71,066-€70,874▲ 0.3%
Staff (FTE)1▼ 47.4%1.5▲ 50.0%1.4▼ 6.7%0.3▼ 78.6%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 128% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €497,415
Fixed assets
€479,484 ▼ 0.6%
Current assets
€17,931 ▼ 41.0%
Equity and liabilities €497,415
Equity
€408,178 ▲ 2.7%
Debt
€89,237 ▼ 22.5%
Debt's share of the balance-sheet total falls from 22.5% to 17.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€114,084▲
2023 · €78,624
Cash flow
€107,420▲
2023 · €75,466
Current ratio
0.20▼
2023 · 0.30
Quick ratio
0.20▼
2023 · 0.30
Debt to equity
0.22▼
2023 · 0.29
ROE
14.8%▲
2023 · 6.6%
ROA
12.2%▲
2023 · 5.1%
Interest coverage
253.77▲
2023 · 185.95
Debt ≤ 1 year
€88,805▼
2023 · €101,441
Income taxes
€6,249▲
2023 · €2,784
Staff costs
€189▼
2023 · €588
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 20,129 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €47,317 | - | - | €2,980 | - |
| Remuneration, social security and pensions62 | - | €8,855 | €4,445 | €588 | €189 | ▼ 67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,330 | €55,477 | €50,875 | €49,092 | €46,863 | ▼ 4.5% |
| Other operating charges640/8 | - | €6,115 | €5,605 | €6,606 | €9,234 | ▲ 39.8% |
| Gross operating margin9900 | €42,142 | €45,716 | €71,012 | €85,818 | €123,507 | ▲ 43.9% |
| Operating profit (loss)9901 | -€61,423 | -€24,730 | €10,087 | €29,532 | €67,221 | ▲ 128% |
| Financial income75/76B | - | €11 | €12 | €48 | €35 | ▼ 27.6% |
| Recurring financial income75 | €468 | €11 | €12 | €48 | €35 | ▼ 27.6% |
| Financial charges65/66B | - | €549 | €818 | €423 | €450 | ▲ 6.3% |
| Recurring financial charges65 | €736 | €549 | €818 | €423 | €450 | ▲ 6.3% |
| Profit (loss) for the period before taxes9903 | -€61,691 | -€25,268 | €9,281 | €29,158 | €66,806 | ▲ 129% |
| Income taxes67/77 | €194 | €146 | €140 | €2,784 | €6,249 | ▲ 124% |
| Profit (loss) for the period9904 | -€61,885 | -€25,414 | €9,141 | €26,374 | €60,557 | ▲ 130% |
| Profit (loss) for the period to be appropriated9905 | -€61,885 | -€25,414 | €9,141 | €26,374 | €60,557 | ▲ 130% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €686,417 | €623,228 | €544,539 | €512,742 | €497,415 | ▼ 3.0% |
| Fixed assets21/28 | €626,703 | €571,051 | €531,460 | €482,367 | €479,484 | ▼ 0.6% |
| Tangible fixed assets22/27 | €626,528 | €571,051 | €531,460 | €482,367 | €479,484 | ▼ 0.6% |
| Land and buildings22 | - | €550,249 | €511,712 | €472,503 | €435,296 | ▼ 7.9% |
| Plant, machinery and equipment23 | - | €19,439 | €19,748 | €9,864 | €20,361 | ▲ 106% |
| Furniture and vehicles24 | - | €1,364 | - | - | €23,827 | - |
| Financial fixed assets28 | €175 | - | - | - | - | - |
| Current assets29/58 | €59,714 | €52,177 | €13,079 | €30,375 | €17,931 | ▼ 41.0% |
| Stocks and contracts in progress3 | €45 | €189 | €151 | €117 | €225 | ▲ 92.6% |
| Stocks30/36 | - | €189 | €151 | €117 | €225 | ▲ 92.6% |
| Amounts receivable within one year40/41 | €3,950 | €3,063 | €3,646 | €613 | €1,636 | ▲ 167% |
| Trade receivables40 | - | €2,582 | €3,576 | €613 | - | - |
| Other amounts receivable41 | - | €481 | €70 | - | €1,636 | - |
| Cash at bank and in hand54/58 | €54,047 | €46,411 | €4,938 | €26,460 | €2,181 | ▼ 91.8% |
| Deferred charges and accrued income490/1 | - | €2,514 | €4,344 | €3,185 | €13,890 | ▲ 336% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €686,417 | €623,228 | €544,539 | €512,742 | €497,415 | ▼ 3.0% |
| Equity10/15 | €454,521 | €429,107 | €438,248 | €397,621 | €408,178 | ▲ 2.7% |
| Contributions10/11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €77,000 | €77,000 | €77,000 | €36,300 | €96,850 | ▲ 167% |
| Non-distributable reserves130/1 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves not available under the articles1311 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | - | €67,000 | €67,000 | €26,300 | €86,850 | ▲ 230% |
| Profit (loss) carried forward14 | €277,521 | €252,107 | €261,248 | €261,321 | €211,328 | ▼ 19.1% |
| Amounts payable17/49 | €231,896 | €194,121 | €106,291 | €115,121 | €89,237 | ▼ 22.5% |
| Amounts payable after more than one year17 | €184,000 | €184,000 | €98,200 | €13,200 | - | - |
| Other amounts payable178/9 | - | €184,000 | €98,200 | €13,200 | - | - |
| Amounts payable within one year42/48 | €44,220 | €9,729 | €7,404 | €101,441 | €88,805 | ▼ 12.5% |
| Trade debts44 | €18,929 | €4,507 | €2,805 | €30,436 | €9,528 | ▼ 68.7% |
| Suppliers440/4 | - | €4,507 | €2,805 | €30,436 | €9,528 | ▼ 68.7% |
| Taxes, remuneration and social security45 | - | €2,801 | €4,333 | €2,833 | €8,615 | ▲ 204% |
| Taxes450/3 | - | €1,179 | €3,880 | €2,833 | €8,615 | ▲ 204% |
| Remuneration and social security454/9 | - | €1,622 | €453 | - | - | - |
| Other amounts payable47/48 | - | €2,421 | €267 | €68,172 | €70,661 | ▲ 3.7% |
| Accrued charges and deferred income492/3 | - | €392 | €687 | €480 | €432 | ▼ 10.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€61,885 | -€25,414 | €9,141 | €26,374 | €60,557 | ▲ 130% |
| + Depreciation and write-downs630 | €61,330 | €55,477 | €50,875 | €49,092 | €46,863 | ▼ 4.5% |
| Operating cash flow (approximation) | -€555 | €30,063 | €60,016 | €75,466 | €107,420 | ▲ 42.3% |
| Investment in fixed assets (approximation) | - | €175 | -€11,284 | €0 | -€43,980 | - |
| Change in cash | - | -€7,636 | -€41,473 | €21,522 | -€24,279 | ▼ 213% |
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
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Highest result since 2018net €60,557 ▲130%
Operating result €67,221, net result €60,557, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Back to profitnet €9,141
Net result €9,141 after 4 loss-making years.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 22 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 5.36
Current ratio from 1.35 to 5.36; short-term debt falls from €44,220 to €9,729.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 88 days late
2020
31-12
Financial
Weakest financial yearnet -€61,885
Net result drops to -€61,885, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sankt Vith · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rodter Strasse 9 C4780 Sankt Vith1 establishment unit
Rodter Strasse, 4780 Sankt Vith
since 20032.131.592.024
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Of 1,520 companies in sector 93130 we hold annual accounts for 690. 384 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
Founded27-03-2003
Fiscal year end31-12
Activities, NACEBEL 2025
93130Fitness centres
47279Other retail sale of food
47714Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47750Retail sale of cosmetics and toilet articles
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479868403
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.