EMV LOGISTICS
ActiveSummary
For the legal form of EMV LOGISTICS, Checked does not compute a bankruptcy probability. The 2025 annual accounts show negative equity (-€700,244) and a net result of -€27,815. Equity remains stable across the filed fiscal years (±1.3% per year). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2022
Profitability20▼-46
Solvency0=
Growth32=
Track record100
Credit verdict
No credit on open account
short-term debt: 263.3% of total assets, and equity is negative.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
181920212225
2018 to 2025 · latest year -€700,244
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2022
21 d early
2021
29 d late
2020
26 d late
2019
91 d late
2018
62 d late
2017
72 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 37 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were 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. Usually files around 26 August (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€700,244▼ 9.2%
2022 · -€641,139
Total assets
€391,718▼ 16.5%
2022 · €469,227
Net result
-€27,815▼ 147%
2022 · -€11,262
Working capital
-€1.0m▲ 1.0%
2021 · -€1.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222025
Operating result-€15,038-€851▲ 94.3%€2,700-€11,094-€27,815-
Net result-€15,386-€936▲ 93.9%€2,700-€11,262-€27,815-
Equity-€631,641▼ 2.5%-€632,577▼ 0.1%-€629,877▲ 0.4%-€641,139▼ 1.8%-€700,244-
Total assets€545,104▼ 6.6%€515,904▼ 5.4%€490,946▼ 4.8%€469,227▼ 4.4%€391,718-
Debt€1.2m▼ 1.9%€1.1m▼ 2.4%€1.1m▼ 2.4%€1.1m▼ 0.9%€1.1m-
Working capital-€1.1m▲ 1.3%-€1.1m▲ 2.5%-€1.1m▲ 2.5%-€1.0m▲ 1.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€27,815 in 2025, compared with -€11,094 in 2022. Comparable figures for the intervening years are unavailable.
Key figures and ratios
EBITDA
-€2,202▼
2022 · €14,519
Cash flow
-€2,202▼
2022 · €14,352
Solvency
-178.8%▼
2022 · -136.6%
Debt to equity
-1.56▲
2022 · -1.73
ROA
-7.1%▼
2022 · -2.4%
Debt ≤ 1 year
€1.0m▼
2022 · €1.0m
Debt > 1 year
€60,560=
2022 · €60,560
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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,447 | €28,911 | €24,958 | €25,614 | €25,614 | - |
| Other operating charges640/8 | - | - | €55 | €9,127 | €0 | - |
| Gross operating margin9900 | €19,754 | €32,231 | €27,713 | €23,646 | -€2,202 | - |
| Operating profit (loss)9901 | -€15,038 | -€851 | €2,700 | -€11,094 | -€27,815 | - |
| Financial charges65/66B | - | - | €0 | €168 | - | - |
| Recurring financial charges65 | €347 | €85 | €0 | €168 | - | - |
| Profit (loss) for the period before taxes9903 | -€15,386 | -€936 | €2,700 | -€11,262 | -€27,815 | - |
| Profit (loss) for the period9904 | -€15,386 | -€936 | €2,700 | -€11,262 | -€27,815 | - |
| Profit (loss) for the period to be appropriated9905 | -€15,386 | -€936 | €2,700 | -€11,262 | -€27,815 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €545,104 | €515,904 | €490,946 | €469,227 | €391,718 | - |
| Fixed assets21/28 | €544,788 | €515,877 | €490,919 | €468,584 | €391,718 | - |
| Tangible fixed assets22/27 | €544,763 | €515,852 | €490,894 | €468,559 | €391,718 | - |
| Land and buildings22 | - | - | €488,403 | €466,566 | €391,219 | - |
| Plant, machinery and equipment23 | - | - | €2,491 | €1,993 | €498 | - |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | - | - |
| Current assets29/58 | €316 | €28 | €28 | €644 | - | - |
| Cash at bank and in hand54/58 | €316 | €28 | €28 | €0 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €644 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €545,104 | €515,904 | €490,946 | €469,227 | €391,718 | - |
| Equity10/15 | -€631,641 | -€632,577 | -€629,877 | -€641,139 | -€700,244 | - |
| Contributions10/11 | €62,000 | €0 | €62,000 | €62,000 | €62,000 | - |
| Outside capital11 | - | - | - | - | €62,000 | - |
| Other1109/19 | - | - | - | - | €62,000 | - |
| Profit (loss) carried forward14 | -€693,641 | -€694,577 | -€691,877 | -€703,139 | -€762,244 | - |
| Amounts payable17/49 | €1.2m | €1.1m | €1.1m | €1.1m | €1.1m | - |
| Amounts payable after more than one year17 | €60,560 | €60,560 | €60,560 | €60,560 | €60,560 | - |
| Financial debts170/4 | - | - | €60,560 | €60,560 | €60,560 | - |
| Amounts payable within one year42/48 | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | - |
| Trade debts44 | - | €106 | €0 | - | €1,815 | - |
| Suppliers440/4 | - | - | €0 | - | €1,815 | - |
| Other amounts payable47/48 | - | - | €1.1m | €1.0m | €1.0m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,386 | -€936 | €2,700 | -€11,262 | -€27,815 | - |
| + Depreciation and write-downs630 | €30,447 | €28,911 | €24,958 | €25,614 | €25,614 | - |
| Operating cash flow (approximation) | €15,061 | €27,976 | €27,659 | €14,352 | -€2,202 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,279 | - | - |
| Change in cash | - | -€288 | €0 | -€28 | - | - |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
08-06
State Gazette act
Appointments: BRYSE Lionel (director) and BRYSE, Isabella (director)3 facts ▸
State Gazette act
Appointments: BRYSE Lionel (director) and BRYSE, Isabella (director)
3 facts ▸
- General meeting, 21-05-2026
- Director appointment, BRYSE Lionel (director)
- Director appointment, BRYSE, Isabella (director)
2025
31-12
Financial
Weakest financial yearnet -€27,815
Net result drops to -€27,815, the lowest in the series.
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €2,700
Net result €2,700 after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
2018
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 72 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
BRYSE Lionel
CurrentDirector · since 21-05-2026
BRYSE, Isabella
CurrentDirector · since 21-05-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2002
Ground area
2,136 m²
Building footprint
206 m²
Volume, LiDAR
1,337 m³
Parcel 25763I0009/00_000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EMV Logistics
since 20022.114.317.116
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763I0009/00_000 | Wallonia | 2,136 m² | 1 · 206 m² | 9.0 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.
Mandate history
2 people since 2026, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| BRYSE Lionel |
|
| BRYSE, Isabella |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Identification & contact
Identification
Legal formPartnership limited by shares
Founded04-09-2001
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
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Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.