Emtrade
ActiveSummary
Emtrade has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €98,293 and a net result of €39,897. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 9521 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability92▲+8
Solvency71▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.58 in 2023; short-term debt: 54% and cash: 24.2% of total assets), but 54% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-03-2025, 138 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
138 d early
2023
2 d late
2022
23 d late
2021
26 d early
2020
19 d early
2019
14 d late
← 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 24 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€98,293▲ 68.3%
2023 · €58,396
Total assets
€213,508▲ 37.8%
2023 · €154,934
Net result
€39,897▲ 113%
2023 · €18,711
Working capital
€75,480▲ 33.8%
2023 · €56,399
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€5,228▼ 9.2%€10,883▲ 108%€12,753▲ 17.2%€27,213▲ 113%€52,938▲ 94.5%
Net result€447within the sector's middle half▼ 89.1%€7,777within the sector's middle half▲ 1,640%€9,093within the sector's middle half▲ 16.9%€18,711within the sector's middle half▲ 106%€39,897within the sector's middle half▲ 113%
Equity€22,815within the sector's middle half▲ 2.0%€30,592within the sector's middle half▲ 34.1%€39,685within the sector's middle half▲ 29.7%€58,396within the sector's middle half▲ 47.1%€98,293within the sector's middle half▲ 68.3%
Total assets€61,668within the sector's middle half▼ 0.7%€66,040within the sector's middle half▲ 7.1%€124,855within the sector's middle half▲ 89.1%€154,934within the sector's middle half▲ 24.1%€213,508within the sector's middle half▲ 37.8%
Debt€38,853▼ 2.2%€35,448▼ 8.8%€85,170▲ 140%€96,538▲ 13.3%€115,215▲ 19.3%
Working capital€21,644within the sector's middle half▲ 3.4%€30,082within the sector's middle half▲ 39.0%€36,215within the sector's middle half▲ 20.4%€56,399within the sector's middle half▲ 55.7%€75,480within the sector's middle half▲ 33.8%
Solvency37.0%within the sector's middle half▲ 1.0pp46.3%within the sector's middle half▲ 9.3pp31.8%within the sector's middle half▼ 14.5pp37.7%within the sector's middle half▲ 5.9pp46.0%within the sector's middle half▲ 8.3pp
Current ratio1.56within the sector's middle half▲ 0.031.85within the sector's middle half▲ 0.291.43within the sector's middle half▼ 0.421.58within the sector's middle half▲ 0.161.66within the sector's middle half▲ 0.07
Return on assets (ROA)0.7%within the sector's middle half▼ 5.9pp11.8%within the sector's middle half▲ 11.1pp7.3%within the sector's middle half▼ 4.5pp12.1%within the sector's middle half▲ 4.8pp18.7%within the sector's middle half▲ 6.6pp
Staff (FTE)0.5below the sector's middle half=1.31.7▲ 30.8%3.8▲ 124%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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 has risen four years in a row; 2024 is 95% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €213,508
Fixed assets
€22,813 ▲ 1,043%
Current assets
€190,695 ▲ 24.7%
Equity and liabilities €213,508
Equity
€98,293 ▲ 68.3%
Debt
€115,215 ▲ 19.3%
Debt's share of the balance-sheet total falls from 62.3% to 54.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57,408▲
2023 · €28,687
Cash flow
€44,368▲
2023 · €20,185
Debt to equity
1.17▼
2023 · 1.65
ROE
40.6%▲
2023 · 32.0%
Interest coverage
37.90▲
2023 · 18.98
Debt ≤ 1 year
€115,215▲
2023 · €96,538
Income taxes
€16,003▲
2023 · €6,994
Staff costs
€87,066▲
2023 · €72,570
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €331 | €4,515 | - | - | - |
| Remuneration, social security and pensions62 | - | €886 | €26,770 | €72,570 | €87,066 | ▲ 20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €661 | €661 | €1,461 | €1,474 | €4,471 | ▲ 203% |
| Other operating charges640/8 | - | €871 | €2,047 | €1,854 | €5,067 | ▲ 173% |
| Non-recurring operating charges66A | - | €16,585 | - | - | - | - |
| Gross operating margin9900 | €17,845 | €29,885 | €43,032 | €103,111 | €149,541 | ▲ 45.0% |
| Operating profit (loss)9901 | €5,228 | €10,883 | €12,753 | €27,213 | €52,938 | ▲ 94.5% |
| Financial income75/76B | - | €0 | €392 | €3 | €4,477 | ▲ 129,305% |
| Recurring financial income75 | €39 | €0 | €392 | €3 | €4,477 | ▲ 129,305% |
| Financial charges65/66B | - | €665 | €1,166 | €1,512 | €1,515 | ▲ 0.2% |
| Recurring financial charges65 | €1,367 | €665 | €1,166 | €1,512 | €1,515 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | €3,900 | €10,217 | €11,979 | €25,705 | €55,900 | ▲ 117% |
| Income taxes67/77 | €3,453 | €2,440 | €2,886 | €6,994 | €16,003 | ▲ 129% |
| Profit (loss) for the period9904 | €447 | €7,777 | €9,093 | €18,711 | €39,897 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €447 | €7,777 | €9,093 | €18,711 | €39,897 | ▲ 113% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61,668 | €66,040 | €124,855 | €154,934 | €213,508 | ▲ 37.8% |
| Fixed assets21/28 | €1,171 | €510 | €3,471 | €1,997 | €22,813 | ▲ 1,043% |
| Tangible fixed assets22/27 | €771 | €110 | €3,071 | €1,597 | €22,813 | ▲ 1,329% |
| Plant, machinery and equipment23 | - | - | €3,071 | €1,597 | €123 | ▼ 92.3% |
| Furniture and vehicles24 | - | €110 | - | - | €22,690 | - |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | - | - |
| Current assets29/58 | €60,496 | €65,530 | €121,384 | €152,937 | €190,695 | ▲ 24.7% |
| Amounts receivable within one year40/41 | €40,014 | €65,440 | €121,384 | €152,901 | €139,032 | ▼ 9.1% |
| Trade receivables40 | - | €40,468 | €45,542 | €105,216 | €38,938 | ▼ 63.0% |
| Other amounts receivable41 | - | €24,972 | €75,843 | €47,685 | €100,094 | ▲ 110% |
| Cash at bank and in hand54/58 | €20,052 | €90 | - | €36 | €51,663 | ▲ 142,972% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61,668 | €66,040 | €124,855 | €154,934 | €213,508 | ▲ 37.8% |
| Equity10/15 | €22,815 | €30,592 | €39,685 | €58,396 | €98,293 | ▲ 68.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €2,355 | €10,132 | €19,225 | €37,936 | €77,833 | ▲ 105% |
| Amounts payable17/49 | €38,853 | €35,448 | €85,170 | €96,538 | €115,215 | ▲ 19.3% |
| Amounts payable within one year42/48 | €38,853 | €35,448 | €85,170 | €96,538 | €115,215 | ▲ 19.3% |
| Financial debts43 | - | - | €2,612 | €1,054 | - | - |
| Credit institutions430/8 | - | - | €2,612 | €1,054 | - | - |
| Trade debts44 | €6,193 | €19,751 | €58,263 | €40,829 | €39,785 | ▼ 2.6% |
| Suppliers440/4 | - | €19,751 | €58,263 | €40,829 | €39,785 | ▼ 2.6% |
| Taxes, remuneration and social security45 | - | €15,697 | €24,295 | €54,655 | €75,430 | ▲ 38.0% |
| Taxes450/3 | - | €15,697 | €19,658 | €34,493 | €59,456 | ▲ 72.4% |
| Remuneration and social security454/9 | - | - | €4,638 | €20,162 | €15,974 | ▼ 20.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €447 | €7,777 | €9,093 | €18,711 | €39,897 | ▲ 113% |
| + Depreciation and write-downs630 | €661 | €661 | €1,461 | €1,474 | €4,471 | ▲ 203% |
| Operating cash flow (approximation) | €1,108 | €8,438 | €10,554 | €20,185 | €44,368 | ▲ 120% |
| Investment in fixed assets (approximation) | - | €0 | -€4,422 | €0 | -€25,287 | - |
| Change in cash | - | -€19,962 | - | - | €51,627 | - |
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
2025
15-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €39,897 ▲113%
Operating result €52,938, net result €39,897, both a record.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-12
Financial
Back to profitnet €4,093
Net result €4,093 after one loss-making year.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Temse · 1 establishment unit since 2017
Ground area
7,219 m²
Building footprint
1,412 m²
Volume, LiDAR
16,298 m³
Parcel 46025B0179/09E000, Flanders · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
309
companies at this address
See who is registered here
1 establishment unit
Emtrade
since 20172.262.186.983
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0179/09E000 | Flanders | 7,219 m² | 1 · 1,412 m² | 16.4 m · 4 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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesEmtrade BV42161
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Of 24,494 companies in this sector we hold annual accounts for 9,420. 7,203 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded09-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
82990Other business support services
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46190Agents in non-specialised wholesale trade
49410Freight transport by road
52250Logistics services
95314Bodywork repair (including spraying and painting)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0672539897
Also
9925:BE0672539897
Registered
20-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.