EMYco
ActiveSummary
The computed 12-month bankruptcy probability of EMYco is 2.3% (moderate). The 2025 annual accounts show negative equity (-€56,819) and a net result of €5,209. Equity is shrinking by ~16% per year across the filed fiscal years. Its solvency ranks better than 5% of 4695 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+67
Solvency0=
Growth72▲+17
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.18 in 2024; short-term debt: 208.5% and cash: 28.4% of total assets), and 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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
-108.5%
Return on assets
9.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 4695 sector peers (2025).
NBB · sector comparisonPosition among 4695 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
6 d late
2023
17 d late
2022
25 d late
2021
18 d early
2020
58 d late
2019
78 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 28 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€230,764▲ 62.2%
2024 · €142,301
EBIT margin
2.4%▲ 11.4pp
2024 · -9.0%
Net result
€5,209
2024 · -€13,064
Working capital
-€82,197▼ 8.8%
2024 · -€75,556
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Turnover€61,285€89,092▲ 45.4%€142,301▲ 59.7%€230,764▲ 62.2%
Operating result-€9,392▼ 587%-€6,278▲ 33.2%-€3,769▲ 40.0%-€12,865▼ 241%€5,557
Net result-€9,879below the sector's middle half▼ 514%-€6,578below the sector's middle half▲ 33.4%-€3,901below the sector's middle half▲ 40.7%-€13,064below the sector's middle half▼ 235%€5,209within the sector's middle half
EBIT margin-10.2%-4.2%▲ 6.0pp-9.0%▼ 4.8pp2.4%▲ 11.4pp
Equity-€38,484below the sector's middle half▼ 34.5%-€45,063below the sector's middle half▼ 17.1%-€48,964below the sector's middle half▼ 8.7%-€62,028below the sector's middle half▼ 26.7%-€56,819below the sector's middle half▲ 8.4%
Total assets€20,133below the sector's middle half▼ 38.1%€23,141below the sector's middle half▲ 14.9%€21,222below the sector's middle half▼ 8.3%€29,627below the sector's middle half▲ 39.6%€52,385within the sector's middle half▲ 76.8%
Debt€58,617▼ 4.1%€68,204▲ 16.4%€70,186▲ 2.9%€91,655▲ 30.6%€109,204▲ 19.1%
Working capital-€39,217▼ 29.7%-€56,443▼ 43.9%-€57,469▼ 1.8%-€75,556▼ 31.5%-€82,197▼ 8.8%
Solvency-191.1%below the sector's middle half▼ 103.2pp-194.7%below the sector's middle half▼ 3.6pp-230.7%below the sector's middle half▼ 36.0pp-209.4%below the sector's middle half▲ 21.4pp-108.5%below the sector's middle half▲ 100.9pp
Staff (FTE)2.35.35.8▲ 9.4%4.5▼ 22.4%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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 returns to profit in 2025: €5,557 after a loss of €12,865 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,385
Fixed assets
€25,378 ▲ 87.6%
Current assets
€27,007 ▲ 67.8%
Key figures and ratios
EBITDA
€10,776▲
2024 · -€8,570
Cash flow
€10,428▲
2024 · -€8,768
Current ratio
0.25▲
2024 · 0.18
Debt to equity
-1.92▼
2024 · -1.48
ROA
9.9%▲
2024 · -44.1%
Interest coverage
46.42▲
2024 · -43.18
Debt ≤ 1 year
€109,204▲
2024 · €91,655
Income taxes
€116
Staff costs
€121,461▲
2024 · €79,568
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% 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 497,058 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% | 1.6% |
| 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 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 3,799 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €61,285 | €89,092 | €142,301 | €230,764 | ▲ 62.2% |
| Non-recurring operating income76A | - | - | - | - | €168 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €34,925 | €43,172 | €69,412 | €92,700 | ▲ 33.6% |
| Remuneration, social security and pensions62 | €18,817 | €29,958 | €51,847 | €79,568 | €121,461 | ▲ 52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,200 | €6,036 | €2,875 | €4,295 | €5,219 | ▲ 21.5% |
| Other operating charges640/8 | €1,546 | €535 | €968 | €2,920 | €5,995 | ▲ 105% |
| Gross operating margin9900 | €20,172 | €30,251 | €51,921 | €73,918 | €138,232 | ▲ 87.0% |
| Operating profit (loss)9901 | -€9,392 | -€6,278 | -€3,769 | -€12,865 | €5,557 | ▲ 143% |
| Financial charges65/66B | €486 | €300 | €132 | €198 | €232 | ▲ 17.0% |
| Recurring financial charges65 | €486 | €300 | €132 | €198 | €232 | ▲ 17.0% |
| Profit (loss) for the period before taxes9903 | -€9,879 | -€6,578 | -€3,901 | -€13,064 | €5,325 | ▲ 141% |
| Income taxes67/77 | - | - | - | - | €116 | - |
| Profit (loss) for the period9904 | -€9,879 | -€6,578 | -€3,901 | -€13,064 | €5,209 | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | -€9,879 | -€6,578 | -€3,901 | -€13,064 | €5,209 | ▲ 140% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,133 | €23,141 | €21,222 | €29,627 | €52,385 | ▲ 76.8% |
| Fixed assets21/28 | €5,917 | €11,380 | €8,505 | €13,528 | €25,378 | ▲ 87.6% |
| Tangible fixed assets22/27 | €5,797 | €11,260 | €8,385 | €13,408 | €25,258 | ▲ 88.4% |
| Furniture and vehicles24 | €5,797 | €11,260 | €8,385 | €13,408 | €25,258 | ▲ 88.4% |
| Financial fixed assets28 | €120 | €120 | €120 | €120 | €120 | = |
| Current assets29/58 | €14,216 | €11,761 | €12,716 | €16,099 | €27,007 | ▲ 67.8% |
| Amounts receivable within one year40/41 | €2,516 | €5,809 | €6,665 | €9,000 | €10,574 | ▲ 17.5% |
| Trade receivables40 | - | - | €846 | - | - | - |
| Other amounts receivable41 | €2,516 | €5,809 | €5,819 | €9,000 | €10,574 | ▲ 17.5% |
| Cash at bank and in hand54/58 | €10,830 | €5,417 | €5,118 | €5,364 | €14,903 | ▲ 178% |
| Deferred charges and accrued income490/1 | €871 | €534 | €933 | €1,734 | €1,529 | ▼ 11.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,133 | €23,141 | €21,222 | €29,627 | €52,385 | ▲ 76.8% |
| Equity10/15 | -€38,484 | -€45,063 | -€48,964 | -€62,028 | -€56,819 | ▲ 8.4% |
| Contributions10/11 | €18,592 | €18,593 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | - | - | - | - | - |
| Issued capital100 | €18,592 | - | - | - | - | - |
| Reserves13 | - | - | - | - | €5,209 | - |
| Distributable reserves133 | - | - | - | - | €5,209 | - |
| Profit (loss) carried forward14 | -€57,076 | -€63,655 | -€67,556 | -€80,620 | -€80,620 | = |
| Amounts payable17/49 | €58,617 | €68,204 | €70,186 | €91,655 | €109,204 | ▲ 19.1% |
| Amounts payable after more than one year17 | €5,184 | - | - | - | - | - |
| Financial debts170/4 | €5,184 | - | - | - | - | - |
| Amounts payable within one year42/48 | €53,434 | €68,204 | €70,186 | €91,655 | €109,204 | ▲ 19.1% |
| Current portion of amounts payable after more than one year42 | €8,303 | €5,197 | - | - | - | - |
| Trade debts44 | €20,206 | €17,461 | €12,376 | €11,256 | €17,236 | ▲ 53.1% |
| Suppliers440/4 | €20,206 | €17,461 | €12,376 | €11,256 | €17,236 | ▲ 53.1% |
| Taxes, remuneration and social security45 | €11,034 | €20,508 | €44,315 | €67,119 | €78,958 | ▲ 17.6% |
| Remuneration and social security454/9 | €11,034 | €20,508 | €44,315 | €67,119 | €78,958 | ▲ 17.6% |
| Other amounts payable47/48 | €13,890 | €25,038 | €13,495 | €13,280 | €13,011 | ▼ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,879 | -€6,578 | -€3,901 | -€13,064 | €5,209 | ▲ 140% |
| + Depreciation and write-downs630 | €9,200 | €6,036 | €2,875 | €4,295 | €5,219 | ▲ 21.5% |
| Operating cash flow (approximation) | -€678 | -€542 | -€1,026 | -€8,768 | €10,428 | ▲ 219% |
| Investment in fixed assets (approximation) | - | -€11,500 | €0 | -€9,319 | -€17,069 | ▼ 83.2% |
| Change in cash | - | -€5,413 | -€300 | €247 | €9,539 | ▲ 3,767% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Back to profitnet €5,209
Net result €5,209 after 7 loss-making years.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
17-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 17 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
17-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 78 days late
2019
31-12
Financial
Weakest financial yearnet -€13,405
Net result drops to -€13,405, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 106 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 acts for this company are 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, Sint-Pieters-Woluwe · 1 establishment unit since 1995
Ground area
2,839 m²
Building footprint
2,655 m²
Volume, LiDAR
27,217 m³
Parcel 21019A0101/00N000, Brussels · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
54
companies at this address
See who is registered here
1 establishment unit
Meiersplein 4, 1150 Sint-Pieters-Woluwe
since 19952.071.256.143
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0101/00N000 | Brussels | 2,839 m² | 1 · 2,655 m² | 18.5 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.
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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 6,684 companies in sector 49330 we hold annual accounts for 2,297. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-12-1994
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49310Scheduled passenger transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454240805
Also
9925:BE0454240805
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.