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EmRa

Active
Private limited company (pre-2019)founded 20197 yrs activeBurggravenlaan 335, 9000 Gent, BelgiumKBO/BCE: BE 0717.653.807
Summary

The computed 12-month bankruptcy probability of EmRa is 2.9% (moderate). The 2025 annual accounts show equity of €7,204 and a net result of -€2,842. Equity is shrinking by ~13.4% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency72▼-19
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 1.9 against 2.95 in 2024; short-term debt: 52.6% of total assets), but 52.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
47.4%
Return on assets
-18.7%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
202122232425
2020 to 2025 · latest year -€2,842
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
37 d early
2024
2 d early
2023
on the day
2022
31 d early
2021
4 d late
2020
4 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 January 2019, EmRa was incorporated.1 Total assets went from EUR 16,953 in 2020 to EUR 15,192 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€7,204▼ 28.3%
2024 · €10,046
Total assets
€15,192=
2024 · €15,192
Net result
-€2,842▲ 34.0%
2024 · -€4,309
Working capital
€7,204▼ 28.3%
2024 · €10,046
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-€317▲ 91.3%-€3,066▼ 868%€233-€4,309-€2,842▲ 34.0%
Net result-€351▲ 90.4%-€3,066▼ 774%€1,429-€4,309-€2,842▲ 34.0%
Equity€15,992▼ 2.1%€12,926▼ 19.2%€14,355▲ 11.1%€10,046▼ 30.0%€7,204▼ 28.3%
Total assets€16,243▼ 4.2%€15,734▼ 3.1%€15,192▼ 3.4%€15,192=€15,192=
Debt€252▼ 58.8%€2,808▲ 1,016%€837▼ 70.2%€5,146▲ 515%€7,988▲ 55.2%
Working capital€15,992▼ 2.1%€12,926▼ 19.2%€14,355▲ 11.1%€10,046▼ 30.0%€7,204▼ 28.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€6,000-€4,000-€2,000€0€2,000Operating result 2021: -€317-€317Net result 2021: -€351-€351Operating result 2022: -€3,066-€3,066Net result 2022: -€3,066-€3,066Operating result 2023: €233€233Net result 2023: €1,429€1,429Operating result 2024: -€4,309-€4,309Net result 2024: -€4,309-€4,309Operating result 2025: -€2,842-€2,842Net result 2025: -€2,842-€2,84220212022202320242025-€6,000-€4,000-€2,000€0€2,000Operating result 2023: €233€233Net result 2023: €1,429€1,430Operating result 2024: -€4,309-€4,310Net result 2024: -€4,309-€4,310Operating result 2025: -€2,842-€2,840Net result 2025: -€2,842-€2,840202320242025
The operating result stays negative: a loss of €2,842 in 2025 against €4,309 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €15,192
Equity €7,204 ▼ 28.3%
Debt €7,988 ▲ 55.2%
Debt's share of the balance-sheet total rises from 33.9% to 52.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.90▼
2024 · 2.95
Debt to equity
1.11▲
2024 · 0.51
ROE
-39.5%▲
2024 · -42.9%
ROA
-18.7%▲
2024 · -28.4%
Debt ≤ 1 year
€7,988▲
2024 · €5,146
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.0% went bankrupt
9.5% stopped otherwise
87% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 3,592 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 25 lines
Balance sheet Code20242025
Assets
Total assets20/58€15,192€15,192=
Current assets29/58€15,192€15,192=
Amounts receivable within one year40/41€15,192€15,192=
Other amounts receivable41€15,192€15,192=
Equity and liabilities
Total equity and liabilities10/49€15,192€15,192=
Equity10/15€10,046€7,204▼
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€9,954-€12,796▼
Amounts payable17/49€5,146€7,988▲
Amounts payable within one year42/48€5,146€7,988▲
Trade debts44€5,005€5,005=
Suppliers440/4€5,005€5,005=
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€141€2,983▲
Income statement Code20242025
Other operating charges640/8€258€144▼
Gross operating margin9900-€4,051-€2,698▲
Operating profit (loss)9901-€4,309-€2,842▲
Financial income75/76B€0-
Recurring financial income75€0-
Profit (loss) for the period before taxes9903-€4,309-€2,842▲
Profit (loss) for the period9904-€4,309-€2,842▲
Profit (loss) for the period to be appropriated9905-€4,309-€2,842▲
Appropriation of the result
Profit (loss) to be appropriated9906-€9,954-€12,796▼
Profit (loss) brought forward from the previous period14P-€5,645-€9,954▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€467€468€254€258€144▼ 44.0%
Gross operating margin9900€150-€2,598€487-€4,051-€2,698▲ 33.4%
Operating profit (loss)9901-€317-€3,066€233-€4,309-€2,842▲ 34.0%
Financial income75/76B--€1,196€0--
Recurring financial income75--€1,196€0--
Financial charges65/66B€34€0----
Recurring financial charges65€34€0----
Profit (loss) for the period before taxes9903-€351-€3,066€1,429-€4,309-€2,842▲ 34.0%
Profit (loss) for the period9904-€351-€3,066€1,429-€4,309-€2,842▲ 34.0%
Profit (loss) for the period to be appropriated9905-€351-€3,066€1,429-€4,309-€2,842▲ 34.0%
Line20212022202320242025Change
Assets
Total assets20/58€16,243€15,734€15,192€15,192€15,192=
Current assets29/58€16,243€15,734€15,192€15,192€15,192=
Amounts receivable within one year40/41€16,243€15,734€15,192€15,192€15,192=
Other amounts receivable41€16,243€15,734€15,192€15,192€15,192=
Cash at bank and in hand54/58€0-----
Equity and liabilities
Total equity and liabilities10/49€16,243€15,734€15,192€15,192€15,192=
Equity10/15€15,992€12,926€14,355€10,046€7,204▼ 28.3%
Contributions10/11€20,000€20,000€20,000€20,000€20,000=
Profit (loss) carried forward14-€4,008-€7,074-€5,645-€9,954-€12,796▼ 28.6%
Amounts payable17/49€252€2,808€837€5,146€7,988▲ 55.2%
Amounts payable within one year42/48€252€2,808€837€5,146€7,988▲ 55.2%
Trade debts44€150€2,707€633€5,005€5,005=
Suppliers440/4€150€2,707€633€5,005€5,005=
Taxes, remuneration and social security45€102€102€204€0--
Taxes450/3€102€102€204€0--
Other amounts payable47/48---€141€2,983▲ 2,023%
Line20212022202320242025Change
Profit (loss) for the period9904-€351-€3,066€1,429-€4,309-€2,842▲ 34.0%
Operating cash flow (approximation)-€351-€3,066€1,429-€4,309-€2,842▲ 34.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
24-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial Weakest financial yearnet -€4,309
Net result drops to -€4,309, the lowest in the series; recovery starts the following year.
30-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial Back to profitnet €1,429
Net result €1,429 after 3 loss-making years.
30-09
Financial Liquidity triplescurrent ratio 18.15
Current ratio from 5.60 to 18.15; short-term debt falls from €2,808 to €837.
30-03
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-05
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
30-09
Financial Liquidity doublescurrent ratio 64.54
Current ratio from 27.75 to 64.54; short-term debt falls from €611 to €252.
26-04
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Gent · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
660 m²
Building footprint
124 m²
Volume, LiDAR
811 m³
Parcel 44808H0300/00K002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EmRa
Burggravenlaan 335, 9000 GentFinancial service activities, except insurance and pension funding
since 20192.286.110.054
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44808H0300/00K002 Flanders 660 m² 1 · 124 m² 9.6 m · 2 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded04-01-2019
Fiscal year end30-09
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.