EMR CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of EMR CONSTRUCT is 3.3% (moderate). The 2025 annual accounts show equity of €386k and a net result of €238k. Equity is growing by ~30.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 400 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▲+56
Solvency59▲+5
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.21 in 2024; short-term debt: 39.5% and cash: 24.4% of total assets), and 66.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
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
33.8%
Return on assets
20.8%
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 10-08-2026, 10 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 · 4 filingsDeviation from the deadline
2025
10 d late
2024
67 d late
2023
27 d late
2022
on the day
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€238k
2024 · €-23k
2022: €166k
2023: €149k
2024: €-23k
2022 → 2025
Working capital
€122k▲ 60.2%
2024 · €76k
2022: €55k
2023: €88k
2024: €76k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€171k-€320k▲ 86.9%€298k▼ 7.0%€386k▲ 29.5%
Operating result€214k-€212k▼ 0.9%€7k▼ 96.6%€398k▲ 5,347%
Net result€166k-€149k▼ 10.5%€-23k€238k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5,347% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.14M
Fixed assets
€569k▼ 2.0%
Current assets
€572k▲ 30.4%
Equity and liabilities €1.14M
Equity
€386k▲ 29.5%
Debt
€756k▲ 4.7%
The debt ratio falls from 70.8% to 66.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€482k▲
2024 · €79k
Cash flow
€322k▲
2024 · €49k
Solvency
33.8%▲
2024 · 29.2%
Current ratio
1.27▲
2024 · 1.21
Quick ratio
1.27▲
2024 · 1.21
Debt / equity
1.96▼
2024 · 2.42
ROE
61.7%▲
2024 · -7.6%
ROA
20.8%▲
2024 · -2.2%
Interest coverage
6.04▲
2024 · 2.72
Debt
€756k▲
2024 · €722k
Debt ≤ 1 year
€450k▲
2024 · €363k
Debt > 1 year
€305k▼
2024 · €359k
Income taxes
€84k▲
2024 · €802
Staff costs
€608k▲
2024 · €487k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.02M€1.14M▲
Fixed assets21/28€581k€569k▼
Tangible fixed assets22/27€562k€550k▼
Land and buildings22€373k€365k▼
Plant, machinery and equipment23€75k€61k▼
Furniture and vehicles24€113k€123k▲
Other tangible fixed assets26€1k€806▼
Financial fixed assets28€19k€19k=
Current assets29/58€439k€572k▲
Amounts receivable within one year40/41€263k€284k▲
Trade receivables40€158k€76k▼
Other amounts receivable41€105k€207k▲
Cash at bank and in hand54/58€171k€279k▲
Deferred charges and accrued income490/1€5k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.02M€1.14M▲
Equity10/15€298k€386k▲
Contributions10/11€5k€5k=
Reserves13€100k€50k▼
Distributable reserves133€100k€50k▼
Profit (loss) carried forward14€193k€331k▲
Amounts payable17/49€722k€756k▲
Amounts payable after more than one year17€359k€305k▼
Financial debts170/4€359k€305k▼
Amounts payable within one year42/48€363k€450k▲
Current portion of amounts payable after more than one year42€116k€80k▼
Trade debts44€172k€90k▼
Suppliers440/4€172k€90k▼
Advances received on contracts in progress46-€24k
Taxes, remuneration and social security45€74k€124k▲
Taxes450/3€56k€102k▲
Remuneration and social security454/9€18k€22k▲
Other amounts payable47/48-€132k
Income statement
Code20242025
Remuneration, social security and pensions62€487k€608k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€85k▲
Other operating charges640/8€6k€5k▼
Gross operating margin9900€572k€1.10M▲
Operating profit (loss)9901€7k€398k▲
Financial income75/76B€6€4k▲
Recurring financial income75€6€4k▲
Financial charges65/66B€29k€80k▲
Recurring financial charges65€29k€80k▲
Profit (loss) for the period before taxes9903€-22k€321k▲
Income taxes67/77€802€84k▲
Profit (loss) for the period9904€-23k€238k▲
Profit (loss) for the period to be appropriated9905€-23k€238k▲
Appropriation of the result
Profit (loss) to be appropriated9906€193k€431k▲
Profit (loss) brought forward from the previous period14P€215k€193k▼
Transfer from equity791/2-€50k
Profit to be distributed694/7-€150k
Return on contributions (dividend)694-€150k
Social balance
Average headcount (FTE)908712.012.7▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
31-12
Financial
Back to profitnet €238k
Net result €238k after one loss-making year.
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 67 days late
2024
31-12
Financial
Weakest financial yearnet €-23k ▼115%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
31-12
Financial
Equity above €200kEq €320k ▲86.9%
2 profitable years in a row build equity to €320k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 2 establishment units since 2021
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.
Stefaniastraat 103 B1020 BrusselGround area
1,217 m²
Building footprint
311 m²
Volume, LiDAR
2,540 m³
2 parcels, Brussels · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
EMR CONSTRUCT
since 20212.324.348.048
Haachtsesteenweg 1896, 1130 Brussel
since 20232.358.206.590
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821C0162/00Z004 | Brussels | 970 m² | 1 · 204 m² | 11.6 m · 2 fl. |
| 21815D0162/00L005 | Brussels | 247 m² | 1 · 108 m² | 13.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryEMR CONSTRUCT SRL44239
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Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 797 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-11-2021
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.