EMTECH Engineering
ActiveSummary
The computed 12-month bankruptcy probability of EMTECH Engineering is 1.6% (moderate). The 2025 annual accounts show equity of €94,542 and a net result of €28,673. Equity is growing by ~30.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 1327 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-2
Solvency52▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.72 against 2.03 in 2024; short-term debt: 31.6% and cash: 14.3% of total assets), and 73.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← 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
26.7%
Return on assets
8.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
28 d early
2024
13 d early
2023
1 d early
2022
31 d early
2021
31 d early
2020
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€94,542▼ 37.5%
2024 · €151,279
Total assets
€353,946▲ 4.1%
2024 · €340,033
Net result
€28,673▼ 16.7%
2024 · €34,406
Working capital
-€31,799
2024 · €32,441
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€37,852▲ 31.7%€35,762▼ 5.5%€38,914▲ 8.8%€55,585▲ 42.8%€47,092▼ 15.3%
Net result€29,317within the sector's middle half▲ 25.5%€27,588within the sector's middle half▼ 5.9%€27,928within the sector's middle half▲ 1.2%€34,406within the sector's middle half▲ 23.2%€28,673within the sector's middle half▼ 16.7%
Equity€61,357within the sector's middle half▲ 83.9%€88,945within the sector's middle half▲ 45.0%€116,873within the sector's middle half▲ 31.4%€151,279above the sector's middle half▲ 29.4%€94,542within the sector's middle half▼ 37.5%
Total assets€98,279within the sector's middle half▲ 56.1%€125,565within the sector's middle half▲ 27.8%€261,957within the sector's middle half▲ 109%€340,033above the sector's middle half▲ 29.8%€353,946above the sector's middle half▲ 4.1%
Debt€36,922▲ 24.7%€36,620▼ 0.8%€145,084▲ 296%€188,755▲ 30.1%€259,404▲ 37.4%
Working capital€57,625within the sector's middle half▲ 103%€22,995within the sector's middle half▼ 60.1%€26,446within the sector's middle half▲ 15.0%€32,441within the sector's middle half▲ 22.7%-€31,799below the sector's middle half
Solvency62.4%within the sector's middle half▲ 9.4pp70.8%above the sector's middle half▲ 8.4pp44.6%within the sector's middle half▼ 26.2pp44.5%within the sector's middle half▼ 0.1pp26.7%within the sector's middle half▼ 17.8pp
Current ratio3.15above the sector's middle half▲ 0.271.77within the sector's middle half▼ 1.381.69within the sector's middle half▼ 0.082.03within the sector's middle half▲ 0.340.72below the sector's middle half▼ 1.32
Return on assets (ROA)29.8%above the sector's middle half▼ 7.3pp22.0%above the sector's middle half▼ 7.9pp10.7%within the sector's middle half▼ 11.3pp10.1%within the sector's middle half▼ 0.5pp8.1%within the sector's middle half▼ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353,946
Fixed assets
€273,839 ▼ 0.8%
Current assets
€80,107 ▲ 25.5%
Equity and liabilities €353,946
Equity
€94,542 ▼ 37.5%
Debt
€259,404 ▲ 37.4%
Debt's share of the balance-sheet total rises from 55.5% to 73.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€52,035▼
2024 · €60,074
Cash flow
€33,616▼
2024 · €38,894
Debt to equity
2.74▲
2024 · 1.25
ROE
30.3%▲
2024 · 22.7%
Interest coverage
7.06▼
2024 · 7.57
Debt ≤ 1 year
€111,907▲
2024 · €31,413
Debt > 1 year
€146,923▼
2024 · €156,730
Income taxes
€11,045▼
2024 · €13,240
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,704 | €6,451 | €6,476 | €4,488 | €4,943 | ▲ 10.1% |
| Other operating charges640/8 | €244 | €382 | €769 | €894 | €717 | ▼ 19.9% |
| Gross operating margin9900 | €43,800 | €42,595 | €46,160 | €60,968 | €52,752 | ▼ 13.5% |
| Operating profit (loss)9901 | €37,852 | €35,762 | €38,914 | €55,585 | €47,092 | ▼ 15.3% |
| Financial income75/76B | €0 | €0 | €0 | €0 | €0 | = |
| Recurring financial income75 | €0 | €0 | €0 | €0 | €0 | = |
| Financial charges65/66B | €523 | €400 | €2,944 | €7,940 | €7,375 | ▼ 7.1% |
| Recurring financial charges65 | €523 | €400 | €2,944 | €7,940 | €7,375 | ▼ 7.1% |
| Profit (loss) for the period before taxes9903 | €37,329 | €35,362 | €35,970 | €47,646 | €39,717 | ▼ 16.6% |
| Income taxes67/77 | €8,012 | €7,774 | €8,043 | €13,240 | €11,045 | ▼ 16.6% |
| Profit (loss) for the period9904 | €29,317 | €27,588 | €27,928 | €34,406 | €28,673 | ▼ 16.7% |
| Profit (loss) for the period to be appropriated9905 | €29,317 | €27,588 | €27,928 | €34,406 | €28,673 | ▼ 16.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98,279 | €125,565 | €261,957 | €340,033 | €353,946 | ▲ 4.1% |
| Fixed assets21/28 | €13,856 | €72,781 | €197,246 | €276,180 | €273,839 | ▼ 0.8% |
| Tangible fixed assets22/27 | €13,856 | €72,781 | €197,246 | €276,180 | €273,839 | ▼ 0.8% |
| Land and buildings22 | - | €62,452 | €62,117 | €61,782 | €273,839 | ▲ 343% |
| Furniture and vehicles24 | €1,196 | €2,510 | €1,209 | €35 | €0 | ▼ 100% |
| Leasing and similar rights25 | €12,659 | €7,819 | €2,979 | €0 | - | - |
| Assets under construction and advance payments27 | - | - | €130,941 | €214,364 | €0 | ▼ 100% |
| Current assets29/58 | €84,423 | €52,784 | €64,711 | €63,853 | €80,107 | ▲ 25.5% |
| Amounts receivable within one year40/41 | €12,593 | €18,548 | €32,374 | €31,335 | €26,516 | ▼ 15.4% |
| Trade receivables40 | €12,593 | €18,539 | €30,724 | €31,330 | €26,515 | ▼ 15.4% |
| Other amounts receivable41 | - | €9 | €1,650 | €5 | €1 | ▼ 76.3% |
| Cash at bank and in hand54/58 | €69,983 | €29,468 | €26,156 | €27,629 | €50,763 | ▲ 83.7% |
| Deferred charges and accrued income490/1 | €1,847 | €4,767 | €6,180 | €4,890 | €2,829 | ▼ 42.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98,279 | €125,565 | €261,957 | €340,033 | €353,946 | ▲ 4.1% |
| Equity10/15 | €61,357 | €88,945 | €116,873 | €151,279 | €94,542 | ▼ 37.5% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €51,357 | €78,945 | €106,873 | €141,279 | €84,542 | ▼ 40.2% |
| Amounts payable17/49 | €36,922 | €36,620 | €145,084 | €188,755 | €259,404 | ▲ 37.4% |
| Amounts payable after more than one year17 | €10,124 | €6,736 | €106,751 | €156,730 | €146,923 | ▼ 6.3% |
| Financial debts170/4 | €10,124 | €6,736 | €106,751 | €156,730 | €146,923 | ▼ 6.3% |
| Amounts payable within one year42/48 | €26,798 | €29,789 | €38,265 | €31,413 | €111,907 | ▲ 256% |
| Current portion of amounts payable after more than one year42 | €3,388 | €3,388 | €14,868 | €10,167 | €10,606 | ▲ 4.3% |
| Trade debts44 | €671 | €2,149 | €9,855 | €1,789 | €2,601 | ▲ 45.4% |
| Suppliers440/4 | €671 | €2,149 | €9,855 | €1,789 | €2,601 | ▲ 45.4% |
| Taxes, remuneration and social security45 | €19,617 | €21,055 | €11,221 | €17,131 | €11,210 | ▼ 34.6% |
| Taxes450/3 | €17,622 | €21,055 | €9,226 | €15,136 | €9,215 | ▼ 39.1% |
| Remuneration and social security454/9 | €1,995 | - | €1,995 | €1,995 | €1,995 | = |
| Other amounts payable47/48 | €3,122 | €3,196 | €2,322 | €2,325 | €87,491 | ▲ 3,662% |
| Accrued charges and deferred income492/3 | - | €95 | €67 | €612 | €574 | ▼ 6.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,317 | €27,588 | €27,928 | €34,406 | €28,673 | ▼ 16.7% |
| + Depreciation and write-downs630 | €5,704 | €6,451 | €6,476 | €4,488 | €4,943 | ▲ 10.1% |
| Operating cash flow (approximation) | €35,021 | €34,040 | €34,404 | €38,894 | €33,616 | ▼ 13.6% |
| Investment in fixed assets (approximation) | - | -€65,377 | -€130,941 | -€83,422 | -€2,601 | ▲ 96.9% |
| Change in cash | - | -€40,514 | -€3,312 | €1,473 | €23,134 | ▲ 1,471% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €34,406 ▲23.2%
Operating result €55,585, net result €34,406, both a record.
31-12
Financial
Equity above €150,000Eq €151,279 ▲29.4%
5 profitable years in a row build equity to €151,279.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €116,873 ▲31.4%
4 profitable years in a row build equity to €116,873.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Herzele · 1 establishment unit since 2019
Ground area
925 m²
Building footprint
106 m²
Volume, LiDAR
813 m³
Parcel 41062B0087/00C000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Steenhuizestraat 9B, 9550 Herzele
since 20192.294.355.648
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41062B0087/00C000 | Flanders | 925 m² | 1 · 106 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 338 EUR awarded · 338 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 338 EUR | 338 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
254900AI6P5SGRCDK656
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Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 1,124 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
33140Repair and maintenance of electrical equipment
33200Installation of industrial machinery and equipment
43240Other construction installation
43990Other specialised construction activities
Contact
Website
www.emtechengineering.be
E-mail
mark@emtechengineering.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0732574385
Also
9925:BE0732574385
Registered
08-07-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.