EMSA
Dissolution or liquidationThe last legal situation the KBO register recorded for EMSA was dissolution or liquidation. Dissolved on 31-03-2025, liquidation closed; liquidators: Yves Arys; Arys Yves, formerly statutory director; books and records kept in Brugge.
Summary
Inactive since 01-08-2026; last annual accounts for financial year 2025.
Financials · financial year 2025, micro format
2025 annual accounts filed late (19 days) Filed on 19 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00569247.
Equity
€4.7m▼ 1.8%
2024 · €4.8m
Total assets
€4.7m▼ 7.5%
2024 · €5.1m
Net result
-€84,176
2024 · €2.6m
Working capital
€4.7m▼ 1.3%
2024 · €4.7m
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €155,175 in 2025 against €226,819 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.2m
2025
Net result-€0.08m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.7m
2025
Equity€4.7m
2025
Debt€0.007m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€4.7m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.08m▼ 40.0%€0.07m▼ 9.2%€0.04m▼ 36.7%€0.08m▲ 81.1%-€0.2m-€0.2m▲ 31.6%
Net result€0.1m-€0.06m▼ 37.8%€0.3m▲ 384%€0.2m▼ 40.1%€1.1m▲ 513%€2.6m▲ 142%-€0.08m
Equity€0.6m-€0.7m▲ 10.1%€0.9m▲ 44.3%€1.1m▲ 18.4%€2.2m▲ 95.2%€4.8m▲ 118%€4.7m▼ 1.8%
Total assets€0.8m-€0.9m▲ 2.9%€1.1m▲ 32.8%€1.3m▲ 16.3%€2.5m▲ 90.0%€5.1m▲ 102%€4.7m▼ 7.5%
Debt€0.2m-€0.2m▼ 15.4%€0.2m▼ 4.8%€0.2m▲ 5.8%€0.3m▲ 61.2%€0.3m▼ 5.5%€0.007m▼ 97.6%
Working capital€0.3m-€0.3m▲ 16.8%€0.6m▲ 88.1%€0.9m▲ 38.5%€1.9m▲ 124%€4.7m▲ 146%€4.7m▼ 1.3%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Why a figure moved sharply
- 2024 Net result +142% on 2023. The accounts now follow the micro format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €4.7m
Equity
€4.7m ▼ 1.8%
Debt
€7,462 ▼ 97.6%
Debt's share of the balance-sheet total falls from 6.0% to 0.2%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.06
ROE
-1.8%▼
2024 · 54.2%
ROA
-1.8%▼
2024 · 50.9%
Debt ≤ 1 year
€3,318▼
2024 · €301,595
Income taxes
€392▼
2024 · €258,311
A ratio outside any meaningful range has been withheld (balance sheet total €4.7m, equity €4.7m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.004m | €0.006m | €0.008m | €0.007m | €0.009m | €0.01m | - | - |
| Other operating charges640/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.07m | ▲ 34× |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.01m | - |
| Gross operating margin9900 | €0.1m | €0.08m | €0.08m | €0.05m | €0.09m | -€0.2m | -€0.07m | ▲ 67.0% |
| Operating profit (loss)9901 | €0.1m | €0.08m | €0.07m | €0.04m | €0.08m | -€0.2m | -€0.2m | ▲ 31.6% |
| Financial income75/76B | - | - | - | €0.2m | €1.1m | €3.1m | €0.08m | ▼ 97.4% |
| Recurring financial income75 | €0.02m | €0.02m | €0.3m | €0.2m | €1.1m | €0.003m | €0.08m | ▲ 26× |
| Non-recurring financial income76B | - | - | - | - | - | €3.1m | €0.002m | ▼ 99.9% |
| Financial charges65/66B | - | - | - | €0.08m | €0.007m | €0.006m | €0.007m | ▲ 21.5% |
| Recurring financial charges65 | €0.008m | €0.007m | €0.006m | €0.08m | €0.007m | €0.006m | €0.007m | ▲ 21.5% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.09m | €0.3m | €0.2m | €1.2m | €2.8m | -€0.08m | - |
| Income taxes67/77 | €0.05m | €0.03m | €0.04m | €0.03m | €0.1m | €0.3m | €392 | ▼ 99.8% |
| Profit (loss) for the period9904 | €0.1m | €0.06m | €0.3m | €0.2m | €1.1m | €2.6m | -€0.08m | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.06m | €0.3m | €0.2m | €1.1m | €2.6m | -€0.08m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.8m | €0.9m | €1.1m | €1.3m | €2.5m | €5.1m | €4.7m | ▼ 7.5% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.02m | - | - |
| Tangible fixed assets22/27 | €0.007m | €0.02m | €0.02m | €0.03m | €0.03m | €0.02m | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.02m | €0.01m | - | - |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.008m | €0.005m | - | - |
| Financial fixed assets28 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | - | - | - |
| Current assets29/58 | €0.5m | €0.5m | €0.8m | €1.1m | €2.2m | €5.0m | €4.7m | ▼ 7.2% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.1m | €0.08m | €0.09m | €0.08m | €0.03m | ▼ 70.0% |
| Trade receivables40 | - | - | - | €0.08m | €0.08m | €0.08m | - | - |
| Other amounts receivable41 | - | - | - | - | €0.002m | - | €0.03m | - |
| Current investments50/53 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €3.1m | €3.0m | ▼ 3.4% |
| Cash at bank and in hand54/58 | €0.3m | €0.3m | €0.6m | €0.9m | €2.0m | €1.8m | €1.6m | ▼ 10.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.8m | €0.9m | €1.1m | €1.3m | €2.5m | €5.1m | €4.7m | ▼ 7.5% |
| Equity10/15 | €0.6m | €0.7m | €0.9m | €1.1m | €2.2m | €4.8m | €4.7m | ▼ 1.8% |
| Contributions10/11 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Capital10 | - | - | - | €0.01m | €0.01m | - | - | - |
| Issued capital100 | - | - | - | €0.02m | €0.02m | - | - | - |
| Uncalled capital101 | - | - | - | €0.009m | €0.009m | - | - | - |
| Reserves13 | €0.5m | €0.5m | €0.8m | €1.0m | €2.0m | €4.6m | €4.6m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €1.0m | €2.0m | €4.6m | €4.6m | = |
| Profit (loss) carried forward14 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.04m | ▼ 66.3% |
| Amounts payable17/49 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.007m | ▼ 97.6% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.003m | ▼ 98.9% |
| Trade debts44 | €0.004m | €0.004m | €0.003m | €0.009m | €0.008m | €0.003m | €0.003m | ▲ 8.9% |
| Suppliers440/4 | - | - | - | €0.009m | €0.008m | €0.003m | €0.003m | ▲ 8.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.1m | €0.3m | - | - |
| Taxes450/3 | - | - | - | €0.03m | €0.1m | €0.3m | - | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.03m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | €0.01m | €0.003m | €0.004m | ▲ 26.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.06m | €0.3m | €0.2m | €1.1m | €2.6m | -€0.08m | - |
| + Depreciation and write-downs630 | €0.004m | €0.006m | €0.008m | €0.007m | €0.009m | €0.01m | - | - |
| Operating cash flow (approximation) | €0.1m | €0.07m | €0.3m | €0.2m | €1.1m | €2.6m | -€0.08m | - |
| Investment in fixed assets (approximation) | - | -€0.02m | -€0.009m | €0.06m | -€0.01m | €0.2m | - | - |
| Change in cash | - | -€0.01m | €0.3m | €0.3m | €1.2m | -€0.2m | -€0.2m | ▲ 6.9% |
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 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | micro format | 19-11-2025 | 2025-00569247 |
| 31-03-2024 | micro format | 27-11-2024 | 2024-00605951 |
| 31-03-2023 | abbreviated format | 14-11-2023 | 2023-00511884 |
| 31-03-2022 | abbreviated format | 26-10-2022 | 2022-20474782 |
| 31-03-2021 | abbreviated format | 29-10-2021 | 2021-75200511 |
| 31-03-2020 | abbreviated format | 23-11-2020 | 2020-71900265 |
| 31-03-2019 | abbreviated format | 31-10-2019 | 2019-72600300 |
| 31-03-2018 | abbreviated format | 30-10-2018 | 2018-71100535 |
| 31-03-2017 | abbreviated format | 31-10-2017 | 2017-68800158 |
| 31-03-2016 | abbreviated format | 22-09-2016 | 2016-60700581 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.