EMVS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-03-2026 PDF all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is 12% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €32,858 | - | €65,003 |
| Depreciation and write-downs of the year | €8,585 | €10,953 | €16,587 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €11,890 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,585 | €10,953 | €16,587 | ▲ 51.4% |
| Other operating charges640/8 | €676 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €51,194 | €24,649 | €31,934 | ▲ 29.6% |
| Operating profit (loss)9901 | €41,933 | €13,191 | €14,827 | ▲ 12.4% |
| Financial charges65/66B | €73 | €87 | €581 | ▲ 570% |
| Recurring financial charges65 | €73 | €87 | €581 | ▲ 570% |
| Profit (loss) for the period before taxes9903 | €41,860 | €13,104 | €14,246 | ▲ 8.7% |
| Income taxes67/77 | €10,752 | €2,859 | €3,091 | ▲ 8.1% |
| Profit (loss) for the period9904 | €31,107 | €10,245 | €11,155 | ▲ 8.9% |
| Profit (loss) for the period to be appropriated9905 | €31,107 | €10,245 | €11,155 | ▲ 8.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €41,664 | €53,920 | €81,402 | ▲ 51.0% |
| Fixed assets21/28 | €24,273 | €13,320 | €55,626 | ▲ 318% |
| Tangible fixed assets22/27 | €24,273 | €13,320 | €55,626 | ▲ 318% |
| Furniture and vehicles24 | €24,273 | €13,320 | €55,626 | ▲ 318% |
| Current assets29/58 | €17,392 | €40,600 | €25,776 | ▼ 36.5% |
| Amounts receivable within one year40/41 | - | - | €8,440 | - |
| Trade receivables40 | - | - | €8,440 | - |
| Cash at bank and in hand54/58 | €11,018 | €32,124 | €16,307 | ▼ 49.2% |
| Deferred charges and accrued income490/1 | €6,374 | €8,476 | €1,028 | ▼ 87.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €41,664 | €53,920 | €81,402 | ▲ 51.0% |
| Equity10/15 | €34,107 | €44,352 | €55,507 | ▲ 25.2% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €31,107 | €41,352 | €52,507 | ▲ 27.0% |
| Distributable reserves133 | €31,107 | €41,352 | €52,507 | ▲ 27.0% |
| Amounts payable17/49 | €7,557 | €9,567 | €25,894 | ▲ 171% |
| Amounts payable after more than one year17 | - | - | €13,214 | - |
| Financial debts170/4 | - | - | €13,214 | - |
| Amounts payable within one year42/48 | €7,557 | €9,567 | €12,681 | ▲ 32.5% |
| Current portion of amounts payable after more than one year42 | - | - | €4,824 | - |
| Financial debts43 | - | €558 | €51 | ▼ 90.8% |
| Credit institutions430/8 | - | €558 | €51 | ▼ 90.8% |
| Trade debts44 | €329 | €404 | €757 | ▲ 87.5% |
| Suppliers440/4 | €329 | €404 | €757 | ▲ 87.5% |
| Taxes, remuneration and social security45 | €6,752 | €7,709 | €4,917 | ▼ 36.2% |
| Taxes450/3 | €6,752 | €5,559 | €2,767 | ▼ 50.2% |
| Remuneration and social security454/9 | - | €2,150 | €2,150 | = |
| Other amounts payable47/48 | €476 | €897 | €2,131 | ▲ 138% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,107 | €10,245 | €11,155 | ▲ 8.9% |
| + Depreciation and write-downs630 | €8,585 | €10,953 | €16,587 | ▲ 51.4% |
| Operating cash flow (approximation) | €39,692 | €21,198 | €27,742 | ▲ 30.9% |
| Investment in fixed assets (approximation) | - | €0 | -€58,893 | - |
| Change in cash | - | €21,106 | -€15,818 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as EMVS has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of EMVS itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for EMVS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.