EMVE
ActiveSummary
The computed 12-month bankruptcy probability of EMVE is 2.8% (moderate). The 2025 annual accounts show negative equity (-€11,222) and a net result of -€1,672. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 17% of 13604 sector peers (fiscal year 2025). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-28
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 42.08 against 5.06 in 2024; short-term debt: 2.1% and cash: 69.3% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-28.8%
Return on assets
-4.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€11,222
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
23 d early
2023
8 d early
2022
30 d late
2021
29 d late
2020
24 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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. Usually files around 24 July (4 of the last 5 filed years within 36 days of that day).
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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,672
2024 · €594
Working capital
€33,750▲ 9.6%
2024 · €30,789
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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€1,988€290▼ 85.4%€5,262▲ 1,713%€1,500▼ 71.5%-€636
Net result€19,673within the sector's middle half-€588within the sector's middle half€4,799within the sector's middle half€594within the sector's middle half▼ 87.6%-€1,672within the sector's middle half
Equity-€14,356below the sector's middle half▲ 57.8%-€14,944below the sector's middle half▼ 4.1%-€10,144below the sector's middle half▲ 32.1%-€9,550below the sector's middle half▲ 5.9%-€11,222below the sector's middle half▼ 17.5%
Total assets€32,215below the sector's middle half▲ 218%€35,051below the sector's middle half▲ 8.8%€40,781below the sector's middle half▲ 16.3%€38,928below the sector's middle half▼ 4.5%€38,976below the sector's middle half▲ 0.1%
Debt€46,571▲ 5.5%€49,995▲ 7.4%€50,926▲ 1.9%€48,478▼ 4.8%€50,199▲ 3.5%
Working capital€25,084within the sector's middle half▲ 383%€24,496within the sector's middle half▼ 2.3%€29,338within the sector's middle half▲ 19.8%€30,789within the sector's middle half▲ 4.9%€33,750within the sector's middle half▲ 9.6%
Solvency-44.6%below the sector's middle half▲ 291.2pp-42.6%below the sector's middle half▲ 1.9pp-24.9%below the sector's middle half▲ 17.8pp-24.5%below the sector's middle half▲ 0.3pp-28.8%below the sector's middle half▼ 4.3pp
Current ratio4.82above the sector's middle half▲ 2.573.45above the sector's middle half▼ 1.373.70above the sector's middle half▲ 0.255.06above the sector's middle half▲ 1.3742.08above the sector's middle half▲ 37.02
Return on assets (ROA)61.1%above the sector's middle half▲ 81.5pp-1.7%within the sector's middle half▼ 62.7pp11.8%within the sector's middle half▲ 13.4pp1.5%within the sector's middle half▼ 10.2pp-4.3%within the sector's middle half▼ 5.8pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €636 after €1,500 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38,976
Fixed assets
€4,405 ▲ 686%
Current assets
€34,571 ▼ 9.9%
Key figures and ratios
EBITDA
-€235
Cash flow
-€1,271
Quick ratio
37.20▲
2024 · 4.59
Debt to equity
-4.47▲
2024 · -5.08
Interest coverage
-0.21
Debt ≤ 1 year
€821▼
2024 · €7,578
Debt > 1 year
€46,414▲
2024 · €40,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 2,799 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 | €218 | - | - | - | €401 | - |
| Other operating charges640/8 | €1,618 | €2,408 | €1,487 | €1,928 | €2,240 | ▲ 16.2% |
| Non-recurring operating charges66A | - | - | - | - | €1,965 | - |
| Gross operating margin9900 | €3,824 | €2,699 | €6,750 | €3,428 | €3,970 | ▲ 15.8% |
| Operating profit (loss)9901 | €1,988 | €290 | €5,262 | €1,500 | -€636 | ▼ 142% |
| Financial income75/76B | €18,469 | €13 | €99 | €22 | €78 | ▲ 260% |
| Recurring financial income75 | €73 | €13 | €99 | €22 | €78 | ▲ 260% |
| Non-recurring financial income76B | €18,396 | - | - | - | - | - |
| Financial charges65/66B | €785 | €891 | €561 | €928 | €1,114 | ▲ 20.1% |
| Recurring financial charges65 | €785 | €891 | €561 | €928 | €1,114 | ▲ 20.1% |
| Profit (loss) for the period before taxes9903 | €19,673 | -€588 | €4,799 | €594 | -€1,672 | ▼ 382% |
| Profit (loss) for the period9904 | €19,673 | -€588 | €4,799 | €594 | -€1,672 | ▼ 382% |
| Profit (loss) for the period to be appropriated9905 | €19,673 | -€588 | €4,799 | €594 | -€1,672 | ▼ 382% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32,215 | €35,051 | €40,781 | €38,928 | €38,976 | ▲ 0.1% |
| Fixed assets21/28 | €560 | €560 | €560 | €560 | €4,405 | ▲ 686% |
| Tangible fixed assets22/27 | - | - | - | - | €3,845 | - |
| Other tangible fixed assets26 | - | - | - | - | €3,845 | - |
| Financial fixed assets28 | €560 | €560 | €560 | €560 | €560 | = |
| Current assets29/58 | €31,655 | €34,491 | €40,221 | €38,367 | €34,571 | ▼ 9.9% |
| Stocks and contracts in progress3 | €3,067 | €3,067 | €3,067 | €3,618 | €4,016 | ▲ 11.0% |
| Stocks30/36 | €3,067 | €3,067 | €3,067 | €3,618 | €4,016 | ▲ 11.0% |
| Amounts receivable within one year40/41 | €3,970 | €2,729 | €884 | €5,527 | €2,890 | ▼ 47.7% |
| Trade receivables40 | €1,299 | - | - | €4,120 | €1,710 | ▼ 58.5% |
| Other amounts receivable41 | €2,671 | €2,729 | €884 | €1,407 | €1,180 | ▼ 16.1% |
| Cash at bank and in hand54/58 | €24,017 | €28,560 | €36,183 | €28,574 | €27,004 | ▼ 5.5% |
| Deferred charges and accrued income490/1 | €600 | €135 | €86 | €649 | €662 | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32,215 | €35,051 | €40,781 | €38,928 | €38,976 | ▲ 0.1% |
| Equity10/15 | -€14,356 | -€14,944 | -€10,144 | -€9,550 | -€11,222 | ▼ 17.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€32,948 | -€33,536 | -€28,736 | -€28,142 | -€29,814 | ▼ 5.9% |
| Amounts payable17/49 | €46,571 | €49,995 | €50,926 | €48,478 | €50,199 | ▲ 3.5% |
| Amounts payable after more than one year17 | €40,000 | €40,000 | €40,000 | €40,000 | €46,414 | ▲ 16.0% |
| Other amounts payable178/9 | €40,000 | €40,000 | €40,000 | €40,000 | €46,414 | ▲ 16.0% |
| Amounts payable within one year42/48 | €6,571 | €9,995 | €10,882 | €7,578 | €821 | ▼ 89.2% |
| Trade debts44 | €1,840 | €1,752 | €2,935 | €1,871 | €821 | ▼ 56.1% |
| Suppliers440/4 | €1,840 | €1,752 | €2,935 | €1,871 | €821 | ▼ 56.1% |
| Other amounts payable47/48 | €4,730 | €8,243 | €7,947 | €5,708 | - | - |
| Accrued charges and deferred income492/3 | - | - | €43 | €900 | €2,963 | ▲ 229% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,673 | -€588 | €4,799 | €594 | -€1,672 | ▼ 382% |
| + Depreciation and write-downs630 | €218 | - | - | - | €401 | - |
| Operating cash flow (approximation) | €19,891 | -€588 | €4,799 | €594 | -€1,271 | ▼ 314% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€4,246 | - |
| Change in cash | - | €4,542 | €7,623 | -€7,609 | -€1,570 | ▲ 79.4% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 8current ratio 42.08
Current ratio from 5.06 to 42.08; short-term debt falls from €7,578 to €821.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4,799
Net result €4,799 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Back to profitnet €19,673
Net result €19,673 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.82
Current ratio from 2.25 to 4.82.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet -€2,072
Net result drops to -€2,072, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
Show earlier events
2019
31-12
Financial
Liquidity times 22current ratio 2.25
Current ratio from 0.10 to 2.25; short-term debt falls from €37,240 to €5,751.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
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, Brussel · 1 establishment unit since 1982
Ground area
145 m²
Building footprint
128 m²
Volume, LiDAR
1,816 m³
Parcel 21812N0481/00B000, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Grootgodshuisstraat 54, 1000 Brussel
since 19822.021.771.790
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N0481/00B000 | Brussels | 145 m² | 1 · 128 m² | 17.0 m · 5 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
Food safety, FASFC
1 siteBrussel2.021.771.790
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-11-1982
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423409156
Registered
13-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.