EMS SERVICES

Active

Private limited companyfounded 20206 yrs activeMoorselbaan 286, 9300 Aalst, BelgiumKBO/BCE: BE 0747.983.529

The computed 12-month bankruptcy probability of EMS SERVICES is 3.2% (moderate). The 2024 annual accounts show equity of €34k and a net result of €8k. Equity is growing by ~53.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 6718 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

40 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability65▼-17

Solvency41▲+3

Growth78=

Track record100

Bankruptcy probability, 12 months

3.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity short (current ratio 0.86 against 0.86 in 2023; short-term debt: 83.6% and cash: 0.9% of total assets), and 83.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

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

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 2024

Solvency, return and age of the figures

Solvency

16.4%

Return on assets

3.7%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 3 filings

Deviation from the deadline

2024

56 d late

2023

70 d late

2022

132 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€645k

EBIT margin

2.8%

Net result

€8k▼ 62.7%

2023 · €21k

2022: €3k 2023: €21k

2022 → 2024

Working capital

€-24k▼ 6.8%

2023 · €-22k

2022: €-14k 2023: €-22k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Turnover€645k

Equity€6k-€27k▲ 365%€34k▲ 29.3%

Operating result€7k-€38k▲ 410%€18k▼ 52.5%

Net result€3k-€21k▲ 669%€8k▼ 62.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 53% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €209k

27.8%

72.2%

Fixed assets €58k▼ 15.9%

Current assets €151k▲ 15.3%

Equity and liabilities €209k

16.4%

83.6%

Equity €34k▲ 29.3%

Debt €174k▲ 0.8%

The debt ratio falls from 86.7% to 83.6%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€43k▼

2023 · €59k

Cash flow

€33k▼

2023 · €42k

Solvency

16.4%▲

2023 · 13.3%

Current ratio

0.86▲

2023 · 0.86

Quick ratio

0.85▲

2023 · 0.84

Debt / equity

5.09▼

2023 · 6.53

ROE

22.7%▼

2023 · 78.5%

ROA

3.7%▼

2023 · 10.4%

Interest coverage

7.87▼

2023 · 11.90

Debt

€174k▲

2023 · €173k

Debt ≤ 1 year

€174k▲

2023 · €153k

Income taxes

€6k▼

2023 · €6k

Staff costs

€181k▲

2023 · €91k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€199k€209k▲

Fixed assets21/28€69k€58k▼

Tangible fixed assets22/27€55k€51k▼

Plant, machinery and equipment23€8k€6k▼

Furniture and vehicles24€23k€33k▲

Leasing and similar rights25€24k€13k▼

Financial fixed assets28€14k€7k▼

Current assets29/58€131k€151k▲

Stocks and contracts in progress3€2k€2k=

Stocks30/36€2k€2k=

Amounts receivable within one year40/41€120k€147k▲

Trade receivables40€89k€87k▼

Other amounts receivable41€31k€60k▲

Cash at bank and in hand54/58€9k€2k▼

Equity and liabilities

Total equity and liabilities10/49€199k€209k▲

Equity10/15€27k€34k▲

Contributions10/11€3k€3k=

Capital10€3k€3k=

Issued capital100€3k€3k=

Reserves13€24k€31k▲

Non-distributable reserves130/1€300€300=

Legal reserve130€300€300=

Distributable reserves133€23k€31k▲

Amounts payable17/49€173k€174k▲

Amounts payable after more than one year17€20k-

Financial debts170/4€20k-

Amounts payable within one year42/48€153k€174k▲

Current portion of amounts payable after more than one year42€19k-

Trade debts44€70k€145k▲

Suppliers440/4€70k€145k▲

Taxes, remuneration and social security45€38k€23k▼

Taxes450/3€37k€15k▼

Remuneration and social security454/9€1k€7k▲

Other amounts payable47/48€26k€7k▼

Income statement Code20232024

Turnover70-€645k

Non-recurring operating income76A-€28k

Goods, raw materials, services and sundry goods60/61-€427k

Remuneration, social security and pensions62€91k€181k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€25k▲

Other operating charges640/8€4k€14k▲

Gross operating margin9900€154k€238k▲

Operating profit (loss)9901€38k€18k▼

Financial income75/76B€409€1k▲

Recurring financial income75€409€1k▲

Financial charges65/66B€12k€5k▼

Recurring financial charges65€5k€5k▲

Non-recurring financial charges66B€7k-

Profit (loss) for the period before taxes9903€27k€14k▼

Income taxes67/77€6k€6k▼

Profit (loss) for the period9904€21k€8k▼

Profit (loss) for the period to be appropriated9905€21k€8k▼

Appropriation of the result

Profit (loss) to be appropriated9906€21k€8k▼

Transfer to equity691/2€21k€8k▼

To other reserves6921€21k€8k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

25-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 56 days late

2024

09-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 70 days late

2023

31-03

Financial Highest result since 2022net €21k ▲669%

Operating result €38k, net result €21k, both a record.

12-03

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 132 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Aalst · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Moorselbaan 2869300 Aalst

Ground area

343 m²

Building footprint

106 m²

Volume, LiDAR

455 m³

Parcel 41303E0360/00W003, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

EMS SERVICES

Moorselbaan 286, 9300 AalstConstruction of roads and motorways

since 20202.303.370.314

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41303E0360/00W003	Flanders	343 m²	1 · 106 m²	9.7 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Recognised contractor

5 categories

EMS SERVICES BV44121

category C, class 1 · category C1, class 1 · category C2, class 1 · category C6, class 1 · category C7, class 1

decision 10-09-2024

Similar companies · same sector, comparable size

LIBBURO MANAGEMENT COMPANY

Lichtervelde · Eq €34k

Of 12,606 companies in sector 49410 we hold annual accounts for 8,203. 5,668 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded08-06-2020

Fiscal year end31-12

Activities, NACEBEL

95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)

49410Freight transport by road

41001General construction of residential buildings

42110Construction of roads and motorways

43120Site preparation

43240Other construction installation

43299Specialised construction activities

43990Other specialised construction activities

43999Specialised construction activities

47811Retail sale of cars and light vans (up to 3.5 tonnes)

45204

53200Other postal and courier activities

95314Bodywork repair (including spraying and painting)

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.