EMSV PROJECTS
The file of EMSV PROJECTS contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 3.7% (moderate). The 2023 annual accounts show equity of €9k and a net result of €-440. The figures fluctuate too strongly year-on-year for a reliable trend projection.
| Equity | €9k |
| Net result | €-440 |
| Active | 13 yrs |
| Locations | 1 |
Mixed profile: strong on growth, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2023 |
|---|---|
| Revenue | €386k |
| EBITDA | - |
| Net profit | €-440 |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €58k |
| Equity | €9k |
| Debt | €49k |
| of which ≤ 1y | €49k |
| of which > 1y | - |
| Working capital | €9k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 1.18 |
| Quick ratio | 1.18 |
| Working capital ratio | 15.0% |
| Solvency | 15.0% |
| Debt / equity | 5.66 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | 2.7% |
| Net margin | -0.1% |
| ROA | -0.8% |
| ROE | -5.1% |
| EBITDA margin | - |
| Days sales outstanding | 27d |
| Days payable outstanding | 45d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €58k |
| Current assets | 29/58 | €58k |
| Amounts receivable within one year | 40/41 | €38k |
| Cash & bank | 54/58 | €18k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €58k |
| Equity | 10/15 | €9k |
| Contributions / capital | 10/11 | €19k |
| Accumulated profits (losses) | 14 | €-10k |
| Amounts payable | 17/49 | €49k |
| Amounts payable within one year | 42/48 | €49k |
| Trade debts payable within one year | 44 | €46k |
| Income statement | ||
| Turnover | 70 | €386k |
| Gross operating margin | 9900 | €10k |
| Operating result | 9901 | €5k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €3k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €-440 |
| Result to be appropriated | 9905 | €-440 |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | MARC DEWAEL A. DE COCKPLEIN 9, 1831 DIEGEM- |
03-06-2025 → present | Belgian State Gazette |
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 30-04-2013 |
| Status | Active |
| Postal code | 1000 |
| First BS signal | 10-06-2025 |
| Latest BS signal | 09-12-2025 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0441/00B000 | Brussels | 4.4 ha | 1 · 3.9 ha | 34.0 m · 6 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
04-10-2024 2 directors appointed, 1 resigning
- IVANOV Ivan, Bestuurder
- Celis & Liesse, Notaris
- BAL Johan, Bestuurder
Technical details
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"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "BAL Johan",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "eervol",
"subkind": null,
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "IVANOV Ivan",
"address": "2300 Pernik (Bulgarije), ul. Kardzhali 77",
"birth_date": null,
"profession": null,
"birth_place": "Pernik, Bulgarije"
},
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"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
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},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
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},
{
"kind": "delegation_dagelijks_bestuur_in",
"role": "notaris",
"person": null,
"reason": null,
"subkind": null,
"via_org": {
"kbo": null,
"name": "Celis \u0026 Liesse",
"address": "Kasteelpleinstraat 59",
"country": "BE",
"legal_form": null
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
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}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-10-04",
"filing_date": "2024-10-02",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2024-09-12",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0533.901.163",
"name_full": "EMSV PROJECTS",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Frank Liesse",
"org_rep_person_name": null,
"person_role_at_subject": "Lasthebber"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}19-08-2024 Registered office moved from Antwerpen to Brussel
- Straatsburgdok-Zuidkaai 6 → 1000 Brussel, Picardstraat 7 box 100
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "1000 Brussel, Picardstraat 7 box 100",
"city": "Brussel",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Picardstraat",
"country": "BE",
"postcode": "1000",
"box_number": "100",
"street_number": "7",
"locality_suffix": null
},
"old_address": {
"raw": "Straatsburgdok-Zuidkaai 6",
"city": "Antwerpen",
"region": null,
"street": "Straatsburgdok-Zuidkaai",
"country": "BE",
"postcode": null,
"box_number": null,
"street_number": "6",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": true,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": "Artikel 2. Zetel\nDe zetel is gevestigd in het Brussels Hoofdstedelijk Gewest.\nHet bestuursorgaan is bevoegd de zetel binnen Belgi\u00EB te verplaatsen voor zover die verplaatsing\novereenkomstig de toepasselijke taalwetgeving niet verplicht tot een wijziging van de taal van de\nstatuten. Dergelijke beslissing van het bestuursorgaan vereist geen statutenwijziging, tenzij wanneer\nde zetel verplaatst wordt naar een ander Gewest. In dit laatste geval is het bestuursorgaan bevoegd\nom tot de statutenwijzigin",
"statute_article_number": 2,
"effective_date_qualifier": "not_specified",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": true,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Anne-Sophie Celis",
"firm_city": null,
"firm_name": "Celis \u0026 Liesse geassocieerde notarissen",
"office_city": "Antwerpen",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2024-08-19",
"filing_date": "2024-08-14",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2024-08-13",
"unanimous": null
},
"subject_company": {
"kbo": "0533.901.163",
"name_full": "EMSV PROJECTS",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Nick Celis",
"org_rep_person_name": null,
"person_role_at_subject": "notaris"
},
"co_filed_documents": [
"afschrift akte"
]
}30-01-2024 1 director appointed, 1 resigning
- Jordi Van Saet, Bestuurder
- Johan Bal, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Johan Bal",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Jordi Van Saet",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-01-30",
"filing_date": "2024-01-15",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2024-01-12",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0533.901.163",
"name_full": "EMSV PROJECTS",
"legal_form": "Besioten vennootschap"
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}05-12-2023 Registered office moved within Antwerpen
- Amtardamstiaat 41, чexo Ankweрек → Straatsburgdok-Zuidkaai 6, 2030 Antwerpen
Technical details
{
"events": [
{
"kind": "zetel_transfer_cross_border_in",
"seat_type": "siege_social",
"new_address": {
"raw": "Straatsburgdok-Zuidkaai 6, 2030 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Straatsburgdok-Zuidkaai",
"country": "BE",
"postcode": "2030",
"box_number": null,
"street_number": "6",
"locality_suffix": null
},
"old_address": {
"raw": "Amtardamstiaat 41, \u0447exo Ankwe\u0440\u0435\u043A",
"city": "Antwerpen",
"region": null,
"street": "Amtardamstiaat",
"country": "BE",
"postcode": null,
"box_number": null,
"street_number": "41",
"locality_suffix": null
},
"effective_date": "2023-10-31",
"evidence_quote": "",
"region_changed": true,
"is_statute_change": true,
"nationality_change": true,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "beide",
"linguistic_region_changed": false,
"court_jurisdiction_changed": true,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-12-05",
"filing_date": "2023-11-21",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2023-10-31",
"unanimous": true
},
"subject_company": {
"kbo": "0533.901.163",
"name_full": "EMSV PROJECTS",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Bal Johan",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Bijlagen-bij het Be\u0142gisch Staatsblad",
"Annexes du Moniteur belge"
]
}28-06-2023 Registered office moved from Edegem to Antwerpen
- Lourdeslaan 103, 2650 EDEGEM → Amsterdamstraat 41, 2000 Antwerpen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "combined",
"new_address": {
"raw": "Amsterdamstraat 41, 2000 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Amsterdamstraat",
"country": "BE",
"postcode": "2000",
"box_number": null,
"street_number": "41",
"locality_suffix": null
},
"old_address": {
"raw": "Lourdeslaan 103, 2650 EDEGEM",
"city": "Edegem",
"region": "vlaams_gewest",
"street": "Lourdeslaan",
"country": "BE",
"postcode": "2650",
"box_number": null,
"street_number": "103",
"locality_suffix": null
},
"effective_date": "2023-05-31",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "beide",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
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"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-06-28",
"filing_date": "2023-06-16",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2023-05-31",
"unanimous": null
},
"subject_company": {
"kbo": "0533.901.163",
"name_full": "EMSV Projects",
"legal_form": "BV"
},
"publication_proxy": {
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},
"co_filed_documents": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | EMSV PROJECTS |