EMPHASE
ActiveSummary
EMPHASE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,635 and a net result of €10,976. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+72
Solvency91▲+6
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.67 against 2.0 in 2024; short-term debt: 22.9% and cash: 14.1% of total assets), and 34% 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66%
Return on assets
10.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
25 d early
2024
22 d early
2023
41 d early
2022
21 d early
2021
29 d late
2020
31 d early
2019
28 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 12 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€66,635▲ 19.7%
2024 · €55,660
Total assets
€101,032▲ 8.3%
2024 · €93,277
Net result
€10,976
2024 · -€13,181
Working capital
€15,562▼ 15.2%
2024 · €18,358
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
Line20212022202320242025
Operating result€6,954▼ 75.5%€11,797▲ 69.6%€5,814▼ 50.7%-€9,428€16,596
Net result€3,055▼ 84.7%€8,077▲ 164%€803▼ 90.1%-€13,181€10,976
Equity€101,578▲ 3.1%€68,038▼ 33.0%€68,841▲ 1.2%€55,660▼ 19.1%€66,635▲ 19.7%
Total assets€173,426▼ 6.4%€146,234▼ 15.7%€116,068▼ 20.6%€93,277▼ 19.6%€101,032▲ 8.3%
Debt€71,848▼ 17.1%€78,196▲ 8.8%€47,227▼ 39.6%€37,617▼ 20.3%€34,397▼ 8.6%
Working capital€85,991▼ 7.3%€67,297▼ 21.7%€3,922▼ 94.2%€18,358▲ 368%€15,562▼ 15.2%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16,596 after a loss of €9,428 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101,032
Fixed assets
€62,330 ▲ 10.2%
Current assets
€38,702 ▲ 5.4%
Equity and liabilities €101,032
Equity
€66,635 ▲ 19.7%
Debt
€34,397 ▼ 8.6%
Debt's share of the balance-sheet total falls from 40.3% to 34.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,351▲
2024 · €3,170
Cash flow
€29,731▲
2024 · -€583
Current ratio
1.67▼
2024 · 2.00
Debt to equity
0.52▼
2024 · 0.68
ROE
16.5%▲
2024 · -23.7%
ROA
10.9%▲
2024 · -14.1%
Interest coverage
20.44▲
2024 · 1.03
Debt ≤ 1 year
€23,141▲
2024 · €18,351
Debt > 1 year
€11,256▼
2024 · €19,267
Income taxes
€3,891▲
2024 · €152
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 26,964 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €413 | €114 | €1,770 | €0 | - | - |
| Remuneration, social security and pensions62 | €3,710 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,759 | €7,989 | €19,942 | €12,598 | €18,756 | ▲ 48.9% |
| Other operating charges640/8 | €460 | €983 | €4,976 | €27,416 | €611 | ▼ 97.8% |
| Non-recurring operating charges66A | €1,002 | €4 | €1 | €425 | €19 | ▼ 95.4% |
| Gross operating margin9900 | €17,885 | €20,772 | €30,732 | €31,010 | €35,982 | ▲ 16.0% |
| Operating profit (loss)9901 | €6,954 | €11,797 | €5,814 | -€9,428 | €16,596 | ▲ 276% |
| Financial income75/76B | - | - | €7 | - | - | - |
| Recurring financial income75 | - | - | €7 | - | - | - |
| Financial charges65/66B | €2,081 | €1,039 | €3,566 | €3,601 | €1,729 | ▼ 52.0% |
| Recurring financial charges65 | €1,480 | €773 | €2,981 | €3,069 | €1,729 | ▼ 43.6% |
| Non-recurring financial charges66B | €601 | €266 | €585 | €532 | - | - |
| Profit (loss) for the period before taxes9903 | €4,873 | €10,758 | €2,255 | -€13,029 | €14,867 | ▲ 214% |
| Income taxes67/77 | €1,818 | €2,681 | €1,452 | €152 | €3,891 | ▲ 2,463% |
| Profit (loss) for the period9904 | €3,055 | €8,077 | €803 | -€13,181 | €10,976 | ▲ 183% |
| Profit (loss) for the period to be appropriated9905 | €3,055 | €8,077 | €803 | -€13,181 | €10,976 | ▲ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €173,426 | €146,234 | €116,068 | €93,277 | €101,032 | ▲ 8.3% |
| Fixed assets21/28 | €15,586 | €37,994 | €91,845 | €56,568 | €62,330 | ▲ 10.2% |
| Tangible fixed assets22/27 | €15,586 | €37,994 | €91,845 | €56,568 | €62,330 | ▲ 10.2% |
| Plant, machinery and equipment23 | €2,692 | €4,797 | €14,681 | €10,661 | €7,541 | ▼ 29.3% |
| Furniture and vehicles24 | €12,894 | €33,197 | €75,608 | €44,663 | €34,503 | ▼ 22.7% |
| Other tangible fixed assets26 | - | - | €1,556 | €1,245 | €20,286 | ▲ 1,530% |
| Current assets29/58 | €157,839 | €108,240 | €24,223 | €36,709 | €38,702 | ▲ 5.4% |
| Amounts receivable within one year40/41 | €86,478 | €108,240 | €22,042 | €21,576 | €23,915 | ▲ 10.8% |
| Trade receivables40 | €80,514 | €101,058 | €22,016 | €21,576 | €21,865 | ▲ 1.3% |
| Other amounts receivable41 | €5,964 | €7,182 | €27 | - | €2,049 | - |
| Cash at bank and in hand54/58 | €63,497 | - | - | €14,522 | €14,218 | ▼ 2.1% |
| Deferred charges and accrued income490/1 | €7,864 | - | €2,181 | €611 | €570 | ▼ 6.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €173,426 | €146,234 | €116,068 | €93,277 | €101,032 | ▲ 8.3% |
| Equity10/15 | €101,578 | €68,038 | €68,841 | €55,660 | €66,635 | ▲ 19.7% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €82,978 | €49,438 | €48,381 | €35,200 | €46,175 | ▲ 31.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €81,118 | €47,578 | €48,381 | €35,200 | €46,175 | ▲ 31.2% |
| Amounts payable17/49 | €71,848 | €78,196 | €47,227 | €37,617 | €34,397 | ▼ 8.6% |
| Amounts payable after more than one year17 | - | - | €26,925 | €19,267 | €11,256 | ▼ 41.6% |
| Financial debts170/4 | - | - | €26,925 | €19,267 | €11,256 | ▼ 41.6% |
| Amounts payable within one year42/48 | €71,848 | €40,944 | €20,302 | €18,351 | €23,141 | ▲ 26.1% |
| Current portion of amounts payable after more than one year42 | - | - | €7,322 | €7,659 | €8,011 | ▲ 4.6% |
| Financial debts43 | - | €8,724 | €4,601 | - | - | - |
| Credit institutions430/8 | - | €8,724 | €4,601 | - | - | - |
| Trade debts44 | €46,551 | €29,533 | €2,030 | €2,307 | €6,796 | ▲ 195% |
| Suppliers440/4 | €46,551 | €29,533 | €2,030 | €2,307 | €6,796 | ▲ 195% |
| Taxes, remuneration and social security45 | €20,395 | €2,687 | €6,348 | €8,046 | €8,334 | ▲ 3.6% |
| Taxes450/3 | €17,895 | €2,687 | €6,348 | €8,046 | €8,334 | ▲ 3.6% |
| Remuneration and social security454/9 | €2,500 | - | - | - | - | - |
| Other amounts payable47/48 | €4,902 | - | - | €339 | - | - |
| Accrued charges and deferred income492/3 | - | €37,253 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,055 | €8,077 | €803 | -€13,181 | €10,976 | ▲ 183% |
| + Depreciation and write-downs630 | €5,759 | €7,989 | €19,942 | €12,598 | €18,756 | ▲ 48.9% |
| Operating cash flow (approximation) | €8,814 | €16,065 | €20,745 | -€583 | €29,731 | ▲ 5,198% |
| Investment in fixed assets (approximation) | - | -€30,396 | -€73,793 | €22,679 | -€24,517 | ▼ 208% |
| Change in cash | - | - | - | - | -€304 | - |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €10,976
Net result €10,976 after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€13,181
Net result drops to -€13,181, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Equity above €100,000Eq €101,578 ▲3.1%
2 profitable years in a row build equity to €101,578.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €20,024
Net result €20,024 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 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, Mons · 1 establishment unit since 2018
Ground area
303 m²
Building footprint
62 m²
Volume, LiDAR
811 m³
Parcel 53053D0218/00D028, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
EMPHASE
since 20182.298.617.116
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53053D0218/00D028 | Wallonia | 303 m² | 1 · 62 m² | 14.3 m · 4 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 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,091 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
Founded03-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0715394893
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.