EMS CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of EMS CONSTRUCT is 5.8% (elevated). The 2024 annual accounts show equity of €13,528 and a net result of -€1,212. Equity is shrinking by about 8.2% per year across the filed financial years. Its solvency ranks better than 22% of 9,837 sector peers (NACE 41, financial year 2024). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 1.1 FTE
- Equity
- €13,528
- Loss
- -€1,212
Why 37raises risk1 financial year not filed after the legal deadline; last filed accounts filed 186 days late; 1 of the last 3 lateFigures for financial year 2024 (filed 04-02-2026)Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskFounded in 2013Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 22% on solvency, 66% on liquidity and 38% on profitability.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 41 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
- Resignation: Eric MICHEROUX (director)Reappointment: Eric MICHEROUX (director) ·…
Financials · financial year 2024, micro format
2024 annual accounts filed late (186 days) Filed on 2 February 2026, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2026-00031400.
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result falls in 2024; 2024 is 68% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 2,166 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 94.1% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 2,166 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €32,375 | - | - |
| Remuneration, social security and pensions62 | - | - | €36,047 | €32,557 | €36,100 | €41,874 | ▲ 16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,905 | €7,926 | €16,017 | €9,859 | €4,169 | €18,108 | ▲ 334% |
| Other operating charges640/8 | - | - | €913 | €1,032 | €800 | €2,444 | ▲ 206% |
| Non-recurring operating charges66A | - | - | - | - | €1,981 | - | - |
| Gross operating margin9900 | €15,443 | €24,310 | €58,509 | €30,561 | €58,349 | €67,372 | ▲ 15.5% |
| Operating profit (loss)9901 | -€6,694 | -€13,471 | €5,532 | -€12,887 | €15,300 | €4,947 | ▼ 67.7% |
| Financial income75/76B | - | - | - | €16 | €11 | €46 | ▲ 327% |
| Recurring financial income75 | €151 | - | - | €16 | €11 | €46 | ▲ 327% |
| Financial charges65/66B | - | - | €834 | €1,180 | €659 | €6,196 | ▲ 840% |
| Recurring financial charges65 | €1,225 | €908 | €834 | €1,180 | €659 | €2,196 | ▲ 233% |
| Non-recurring financial charges66B | - | - | - | - | - | €4,000 | - |
| Profit (loss) for the period before taxes9903 | -€7,768 | -€14,379 | €4,699 | -€14,051 | €14,651 | -€1,203 | - |
| Income taxes67/77 | -€117 | - | - | - | - | €9 | - |
| Profit (loss) for the period9904 | -€7,651 | -€14,379 | €4,699 | -€14,051 | €14,651 | -€1,212 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,651 | -€14,379 | €4,699 | -€14,051 | €14,651 | -€1,212 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €93,146 | €99,768 | €110,402 | €80,798 | €138,116 | €91,468 | ▼ 33.8% |
| Fixed assets21/28 | €32,889 | €26,616 | €16,235 | €9,125 | €15,888 | €61,267 | ▲ 286% |
| Tangible fixed assets22/27 | €32,889 | €26,616 | €16,235 | €9,125 | €15,888 | €61,267 | ▲ 286% |
| Plant, machinery and equipment23 | - | - | €6,400 | €1,134 | €3,217 | €1,511 | ▼ 53.0% |
| Furniture and vehicles24 | - | - | €8,835 | €7,144 | €12,671 | €59,756 | ▲ 372% |
| Other tangible fixed assets26 | - | - | €1,001 | €847 | €0 | - | - |
| Current assets29/58 | €60,257 | €73,152 | €94,166 | €71,673 | €122,228 | €30,201 | ▼ 75.3% |
| Stocks and contracts in progress3 | €12,202 | €22,050 | €14,738 | €17,100 | €3,493 | €1,800 | ▼ 48.5% |
| Stocks30/36 | - | - | €14,738 | €17,100 | €3,493 | €1,800 | ▼ 48.5% |
| Amounts receivable within one year40/41 | €39,446 | €39,765 | €70,095 | €42,176 | €51,906 | €15,892 | ▼ 69.4% |
| Trade receivables40 | - | - | €69,365 | €40,335 | €49,280 | €11,208 | ▼ 77.3% |
| Other amounts receivable41 | - | - | €730 | €1,841 | €2,626 | €4,684 | ▲ 78.4% |
| Cash at bank and in hand54/58 | €5,111 | €8,956 | €6,898 | €9,380 | €65,980 | €10,573 | ▼ 84.0% |
| Deferred charges and accrued income490/1 | - | - | €2,435 | €3,017 | €849 | €1,937 | ▲ 128% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €93,146 | €99,768 | €110,402 | €80,798 | €138,116 | €91,468 | ▼ 33.8% |
| Equity10/15 | €23,820 | €9,442 | €14,140 | €89 | €14,741 | €13,528 | ▼ 8.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €736 | €736 | €736 | €736 | €736 | €736 | = |
| Non-distributable reserves130/1 | - | - | €736 | €736 | €736 | - | - |
| Reserves not available under the articles1311 | - | - | €736 | €736 | €736 | - | - |
| Distributable reserves133 | - | - | - | - | - | €736 | - |
| Profit (loss) carried forward14 | €4,484 | -€9,894 | -€5,196 | -€19,247 | -€4,595 | -€5,808 | ▼ 26.4% |
| Amounts payable17/49 | €69,326 | €90,327 | €96,261 | €80,709 | €123,375 | €77,940 | ▼ 36.8% |
| Amounts payable after more than one year17 | €53,428 | €45,500 | €45,500 | €45,500 | €74,073 | €63,914 | ▼ 13.7% |
| Financial debts170/4 | - | - | - | - | €28,573 | €18,414 | ▼ 35.6% |
| Other amounts payable178/9 | - | - | €45,500 | €45,500 | €45,500 | €45,500 | = |
| Amounts payable within one year42/48 | €15,815 | €44,827 | €50,761 | €35,209 | €49,302 | €13,965 | ▼ 71.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €6,427 | €6,843 | ▲ 6.5% |
| Trade debts44 | €3,306 | €33,785 | €27,169 | €23,229 | €29,876 | €1,494 | ▼ 95.0% |
| Suppliers440/4 | - | - | €27,169 | €23,229 | €29,876 | €1,494 | ▼ 95.0% |
| Taxes, remuneration and social security45 | - | - | €15,462 | €3,362 | €5,138 | €487 | ▼ 90.5% |
| Taxes450/3 | - | - | €8,549 | €18 | €757 | €106 | ▼ 86.0% |
| Remuneration and social security454/9 | - | - | €6,913 | €3,344 | €4,380 | €381 | ▼ 91.3% |
| Other amounts payable47/48 | - | - | €8,130 | €8,618 | €7,862 | €5,141 | ▼ 34.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €60 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,651 | -€14,379 | €4,699 | -€14,051 | €14,651 | -€1,212 | - |
| + Depreciation and write-downs630 | €7,905 | €7,926 | €16,017 | €9,859 | €4,169 | €18,108 | ▲ 334% |
| Operating cash flow (approximation) | €253 | -€6,453 | €20,715 | -€4,192 | €18,820 | €16,895 | ▼ 10.2% |
| Investment in fixed assets (approximation) | - | -€1,653 | -€5,636 | -€2,749 | -€10,932 | -€63,487 | ▼ 481% |
| Change in cash | - | €3,845 | -€2,058 | €2,482 | €56,600 | -€55,408 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 02-02-2026 | 2026-00031400 |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00022550 |
| 30-06-2022 | micro format | 24-02-2023 | 2023-00030955 |
| 30-06-2021 | micro format | 25-04-2022 | 2022-20008583 |
| 30-06-2020 | micro format | 02-02-2021 | 2021-04800072 |
| 30-06-2019 | micro format | 06-01-2020 | 2020-00400325 |
| 30-06-2018 | full format | 19-02-2019 | 2019-05400242 |
| 30-06-2017 | full format | 20-02-2018 | 2018-05200423 |
| 30-06-2016 | full format | 05-05-2017 | 2017-11500015 |
| 30-06-2015 | full format | 18-05-2016 | 2016-12900073 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Eric MICHEROUX |
|
Owners and capital
Capital and shareholders
- 18-01-2024 Converted to unavailable equity · €19,336
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-01
Gazette deed
Resignation: Eric MICHEROUX (director)Reappointment: Eric MICHEROUX (director) · Capital conversion · Reserve release10 facts ▸
- General meeting, 20-12-2023
- Other provision, “adaptation statuts et maintien forme légale, adapter aux dispositions du Code des sociétés et des associations” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression, fonds disponibles pour distribution” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, Eric MICHEROUX (director)
- Director discharge, Eric MICHEROUX
- Director reappointment, Eric MICHEROUX (director (not named in the articles))
- Power of attorney, Eric MICHEROUX
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0536.638.246
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62050B0392/00Z003 | Wallonia | 1,049 m² | 1 · 264 m² | 8.6 m · 2 |
| 62035A1271/00C004 | Wallonia | 755 m² | 1 · 169 m² | 7.3 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’achat, la vente, l’import-l’export, la fabrication, la location, le leasing, la réparation et l’entretien de tout matériel, machines ou…” (deed in French)
5 activities (deed in French)
- L’achat, la vente, l’import-l’export, la fabrication, la location, le leasing, la réparation et l’entretien de tout matériel, machines ou véhicules (notamment de grue) (en gros et au détail) relatif aux activités de la société, de tous matériaux de construction, de tout matériel et tous matériaux, matières premières ou approvisionnements se rattachant par leur nature ou leur destination, directe ou indirecte, à l'une ou l'autre branche de l'objet social, ainsi que l’achat et la vente de tout vêtement de travail adapté à ce genre de travail.
- La vente, l’achat, la création, la fabrication, la réparation de tous articles et services utiles liés aux activités de la société et l’équipement de la personne en général, notamment vêtements, chaussures et accessoires.
- La conception, la fabrication et la réparation, le courtage, la location, la vente en gros ou en détail, de tous matériaux en bois, pierre, PVC et autre matériaux synthétiques et de leurs dérivés, ainsi que tout objet, machine, composant, matériaux ou outillage intervenant de manière directe ou indirecte dans les domaines précités.
- La conception, le développement, la fabrication, la réparation, le courtage, la location, le leasing, l’achat et la vente -en gros et au détail- de tout objet, machine, véhicule, composant, pièces de rechange ou outillage intervenant dans les machines et outils, automobiles, travaux publics et industrie.
- L'étude, le conseil, la consultance, l'expertise, l'ingénierie et toutes prestations de services relativement aux machines, outils et pièces utilisées dans le domaine des activités de la société.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- EMS CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, organe d’administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, nature des actions” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions-droit de préférence, organe qui procède à l'émission” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 20 June at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour les modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, administrateurs en fonction désignés comme liquidateurs en vertu des statuts…” (deed in French)