EMRE CARS
ActiveSummary
The computed 12-month bankruptcy probability of EMRE CARS is 2.1% (moderate). The 2024 annual accounts show equity of €157k and a net result of €87k. Equity is growing by ~52.3% per year across the filed fiscal years. Its solvency ranks better than 39% of 9038 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability93▲+12
Solvency60▲+13
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity tight (current ratio 1.48 against 1.24 in 2023; short-term debt: 65.4% and cash: 14.5% of total assets), and 65.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-07-2026, 346 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
346 d late
2023
60 d late
2022
245 d late
2021
146 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€4.24M
EBIT margin
1.3%
Net result
€87k▲ 113%
2023 · €41k
2021: €39k
2022: €886
2023: €41k
2021 → 2024
Working capital
€141k▲ 79.1%
2023 · €79k
2021: €54k
2022: €45k
2023: €79k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€4.24M-
Equity€54k-€55k▲ 1.6%€89k▲ 62.6%€157k▲ 75.8%
Operating result€53k-€6k▼ 88.2%€56k▲ 787%€114k▲ 104%
Net result€39k-€886▼ 97.7%€41k▲ 4,511%€87k▲ 113%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 104% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €454k
Fixed assets
€16k ▲ 50.7%
Current assets
€438k ▲ 9.3%
Equity and liabilities €454k
Equity
€157k ▲ 75.8%
Debt
€297k ▼ 7.8%
Debt's share of the balance-sheet total falls from 78.3% to 65.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€114k▲
2023 · €56k
Cash flow
€88k▲
2023 · €41k
Current ratio
1.48▲
2023 · 1.24
Quick ratio
0.35▼
2023 · 1.03
Debt to equity
1.89▼
2023 · 3.61
ROE
55.5%▲
2023 · 45.7%
ROA
19.2%▲
2023 · 9.9%
Interest coverage
25.55▲
2023 · 11.82
Debt ≤ 1 year
€297k▼
2023 · €322k
Income taxes
€22k▲
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€412k€454k▲
Fixed assets21/28€11k€16k▲
Tangible fixed assets22/27€3k€3k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€879€754▼
Financial fixed assets28€7k€13k▲
Current assets29/58€401k€438k▲
Stocks and contracts in progress3€69k€334k▲
Stocks30/36€69k€334k▲
Amounts receivable within one year40/41€139k€32k▼
Trade receivables40€139k€31k▼
Other amounts receivable41€322€671▲
Cash at bank and in hand54/58€189k€66k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€412k€454k▲
Equity10/15€89k€157k▲
Contributions10/11€22k€22k=
Profit (loss) carried forward14€67k€135k▲
Amounts payable17/49€322k€297k▼
Amounts payable within one year42/48€322k€297k▼
Trade debts44€113k€56k▼
Suppliers440/4€113k€56k▼
Taxes, remuneration and social security45€27k€50k▲
Taxes450/3€12k€35k▲
Remuneration and social security454/9€15k€14k▼
Other amounts payable47/48€182k€192k▲
Accrued charges and deferred income492/3-€2
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€586€657▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€92k▲
Other operating charges640/8€7k€8k▲
Gross operating margin9900€65k€215k▲
Operating profit (loss)9901€56k€114k▲
Financial income75/76B€3€51▲
Recurring financial income75€3€51▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€51k€109k▲
Income taxes67/77€10k€22k▲
Profit (loss) for the period9904€41k€87k▲
Profit (loss) for the period to be appropriated9905€41k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€74k€155k▲
Profit (loss) brought forward from the previous period14P€33k€67k▲
Profit to be distributed694/7€6k€20k▲
Directors or managers695€6k€20k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 346 days late
2024
31-12
Financial
Highest result since 2021net €87k ▲113%
Operating result €114k, net result €87k, both a record.
31-12
Financial
Equity above €150kEq €157k ▲75.8%
4 profitable years in a row build equity to €157k.
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 60 days late
01-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 245 days late
2022
31-12
Financial
Weakest financial yearnet €886 ▼97.7%
Net result drops to €886, the lowest in the series; recovery starts the following year.
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 146 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 · 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.
Brusselsesteenweg 8059050 GentGround area
3,887 m²
Building footprint
1,456 m²
Volume, LiDAR
7,210 m³
2 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Emre Cars
since 20212.312.064.383
Emre Cars
since 20242.360.571.511
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41023A0566/00M000 | Flanders | 3,283 m² | 1 · 1,256 m² | 7.3 m · 2 fl. |
| 44362B0189/00A008 | Flanders | 604 m² | 1 · 200 m² | 7.6 m · 2 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.
Similar companies · same sector, comparable size
Houari Cars
BE 0735.687.095
Genk · Eq €157,550
WENS MOTORS
BE 0775.796.496
Turnhout · Eq €158,102
EUROPEAN CAR STORE
BE 0525.952.113
Izegem · Eq €158,616
Het Binnenwerk
BE 0405.024.785
Sint-Niklaas · Eq €159,095
CARTRANS
BE 0435.156.846
Duffel · Eq €160,014
Of 2,128 companies in sector 46711 we hold annual accounts for 1,126. 760 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:emre_cars@hotmail.be
Phone:+32476268961