EMSA IMMO
ActiveEMSA IMMO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €107k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 55% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency61▲+61
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.21; short-term debt: 63.5% and cash: 10.5% of total assets), and 63.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.5%
Return on assets
41.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
45 d late
2024
17 d early
2023
12 d early
2022
7 d early
2021
5 d early
2020
9 d early
2019
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€94k
2024 · €-13k
2018: €-9k
2019: €-13k
2020: €-4k
2021: €5k
2022: €-435
2023: €-7k
2024: €-13k
2018 → 2025
Total assets
€258k▲ 7,523%
2024 · €3k
2018: €17k
2019: €13k
2020: €8k
2021: €12k
2022: €8k
2023: €3k
2024: €3k
2018 → 2025
Net result
€107k
2024 · €-5k
2018: €-8k
2019: €-4k
2020: €9k
2021: €9k
2022: €-5k
2023: €-7k
2024: €-5k
2018 → 2025
Working capital
€35k
2024 · €-13k
2018: €-18k
2019: €-22k
2020: €-9k
2021: €-5k
2022: €-5k
2023: €-7k
2024: €-13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5k-€-435€-7k▼ 1,568%€-13k▼ 73.2%€94k
Operating result€2k-€-5k€-11k▼ 100%€-5k▲ 54.9%€140k
Net result€9k-€-5k€-7k▼ 26.2%€-5k▲ 22.2%€107k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €140k after a loss of €5k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €258k
Fixed assets
€60k▲ 119,103%
Current assets
€199k▲ 5,850%
Equity and liabilities €258k
Equity
€94k
Debt
€164k
Debt finances 63.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€146k
Cash flow
€113k
Solvency
36.5%
Current ratio
1.21
Quick ratio
1.21
Debt / equity
1.74
ROE
113.4%
ROA
41.3%
Interest coverage
448.12
Debt
€164k▲
2024 · €16k
Debt ≤ 1 year
€164k▲
2024 · €16k
Income taxes
€34k
Staff costs
€14k▼
2024 · €25k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3k€258k▲
Fixed assets21/28€50€60k▲
Tangible fixed assets22/27-€60k
Furniture and vehicles24-€60k
Financial fixed assets28€50€50=
Current assets29/58€3k€199k▲
Amounts receivable within one year40/41€2k€170k▲
Trade receivables40€2k€122k▲
Other amounts receivable41€22€48k▲
Cash at bank and in hand54/58-€27k
Deferred charges and accrued income490/1€897€1k▲
Equity and liabilities
Total equity and liabilities10/49€3k€258k▲
Equity10/15€-13k€94k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-33k€74k▲
Amounts payable17/49€16k€164k▲
Amounts payable within one year42/48€16k€164k▲
Financial debts43€57-
Credit institutions430/8€57-
Trade debts44€11k€124k▲
Suppliers440/4€11k€124k▲
Taxes, remuneration and social security45€4k€40k▲
Taxes450/3€492€37k▲
Remuneration and social security454/9€3k€3k▼
Other amounts payable47/48€1k-
Income statement
Code20242025
Remuneration, social security and pensions62€25k€14k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€6k
Other operating charges640/8€618€4k▲
Gross operating margin9900€21k€164k▲
Operating profit (loss)9901€-5k€140k▲
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€473€326▼
Recurring financial charges65€473€326▼
Profit (loss) for the period before taxes9903€-5k€141k▲
Income taxes67/77-€34k
Profit (loss) for the period9904€-5k€107k▲
Profit (loss) for the period to be appropriated9905€-5k€107k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€74k▲
Profit (loss) brought forward from the previous period14P€-28k€-33k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
31-12
Financial
Back to profitnet €107k
Net result €107k after 3 loss-making years.
31-12
Financial
Liquidity times 6current ratio 1.21
Current ratio from 0.21 to 1.21.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Schaarbeek · 1 establishment unit since 2010
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.
Leuvensesteenweg 4671030 SchaarbeekGround area
7,199 m²
Building footprint
3,003 m²
Volume, LiDAR
29,267 m³
2 parcels, Brussels · tallest building 29.4 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
EMSA IMMO
since 20102.301.825.044
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0265/00L000 | Brussels | 3,687 m² | 1 · 190 m² | 29.4 m · 9 fl. |
| 21904B0440/00Y003 | Brussels | 3,512 m² | 1 · 2,814 m² | 23.0 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
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LENICOM
BE 0849.929.539
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PHOENIX INVEST
BE 0880.926.779
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HKO INVESTMENT
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,674 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-06-2010
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
68110Buying and selling of own real estate
68310Real estate agency activities
68311Real estate activities
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.