EM Construct
The computed 12-month bankruptcy probability of EM Construct is 5.2% (elevated). The 2024 annual accounts show negative equity (€-28k) and a net result of €-795. Equity is shrinking by ~56.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 3845 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-28k |
| Net result | €-795 |
| Better than sector | 5% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -1072.6% | 39.5% | |
| Net result | €-795 | €9k | |
| Equity | €-28k | €29k | |
| Gross operating margin | €1k | €26k | |
| Total assets | €3k | €85k |
Figures by fiscal year and ratios
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | -83.2% | -60.9% | +896.9% | - |
| EBITDA | - | - | - | - |
| Net profit | +98.6% | - | +170.1% | - |
| Cash flow | - | - | - | - |
| Staff costs | - | - | - | - |
| Income taxes | - | - | +170.8% | - |
| Dividends | - | - | - | - |
| Total assets | -85.5% | -54.8% | +158.0% | - |
| Equity | -2.9% | - | +215.8% | - |
| Debt | -32.2% | +460.6% | +50.1% | - |
| of which ≤ 1y | -32.2% | +460.6% | +50.1% | - |
| of which > 1y | - | - | - | - |
| Working capital | +1.7% | - | +188.3% | - |
| Employees (FTE) | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.08 | 0.36 | 4.59 | 2.87 |
| Quick ratio | 0.08 | 0.36 | 4.59 | 2.87 |
| Working capital ratio | -1080.5% | -159.8% | 72.8% | 65.1% |
| Solvency | -1072.6% | -151.6% | 79.7% | 65.1% |
| Debt / equity | -1.09 | -1.66 | 0.25 | 0.54 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 2.01 | -231.81 | 151.62 | - |
| Gross margin | 5.6% | -40.0% | 7.9% | 29.3% |
| Net margin | -3.4% | -42.0% | 6.0% | 22.3% |
| ROA | -30.6% | -327.8% | 54.5% | 52.0% |
| ROE | 2.9% | 216.3% | 68.3% | 79.9% |
| EBITDA margin | 4.0% | -40.9% | 7.8% | - |
| Days sales outstanding | 23d | 41d | 23d | 20d |
| Days payable outstanding | 33d | 65d | 1d | 5d |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €3k | €18k | €39k | €15k |
| Fixed assets | 21/28 | €205 | €1k | €3k | - |
| Tangible fixed assets | 22/27 | €205 | €1k | €3k | - |
| Current assets | 29/58 | €2k | €16k | €37k | €15k |
| Amounts receivable within one year | 40/41 | €2k | €16k | €30k | €15k |
| Cash & bank | 54/58 | - | €619 | €7k | €81 |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3k | €18k | €39k | €15k |
| Equity | 10/15 | €-28k | €-27k | €31k | €10k |
| Contributions / capital | 10/11 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €-30k | €-29k | €29k | €8k |
| Amounts payable | 17/49 | €30k | €45k | €8k | €5k |
| Amounts payable within one year | 42/48 | €30k | €45k | €8k | €5k |
| Trade debts payable within one year | 44 | €2k | €35k | €593 | €348 |
| Income statement | |||||
| Turnover | 70 | €23k | €139k | €356k | €36k |
| Gross operating margin | 9900 | €1k | €-56k | €28k | €10k |
| Operating result | 9901 | €-330 | €-58k | €27k | €10k |
| Financial income | 75 | €2 | €53 | €553 | €414 |
| Financial charges | 65 | €467 | €246 | €182 | €454 |
| Result before taxes | 9903 | €-795 | €-58k | €27k | €10k |
| Income taxes | 67/77 | - | - | €5k | €2k |
| Net result for the period | 9904 | €-795 | €-58k | €21k | €8k |
| Result to be appropriated | 9905 | €-795 | €-58k | €21k | €8k |
-
Petrica Florian BOTEZATUDirector (executive)State Gazette act 24176306 (16-12-2024)Current04-12-2024 → present
Former directors (1)
-
Mirel EPUREANUDirector (executive)State Gazette act 24176306 (16-12-2024)Former- → 04-12-2024
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 07-05-2021 |
| Status | Active |
| Postal code | 3320 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24041L0238/00D000 | Flanders | 2,306 m² | 1 · 1,233 m² | 5.1 m · 1 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
16-12-2024 1 director appointed, 1 resigning
- Petrica Florian BOTEZATU, Directeur
- Mirel EPUREANU, Directeur
Technical details
{
"events": [
{
"kind": "director_in",
"role": "directeur",
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"name": "Petrica Florian BOTEZATU",
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},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2024-12-04",
"evidence_quote": "De Algemene Vergadering gaat unaniem akkoord met de benoeming van de heer Petrica Florian BOTEZATU, die vandaag aanwezig is en verklaart hiermee in te stemmen.",
"decharge_status": null,
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},
{
"kind": "director_out",
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"name": "Mirel EPUREANU",
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},
"reason": null,
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"compensated": null,
"effective_date": "2024-12-04",
"evidence_quote": "De vergadering aanvaardt unaniem het ontslag van de heer Mirel EPUREANU als bestuurder met ingang van vandaag.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
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}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Luik",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-12-16",
"filing_date": "2024-12-04",
"act_kind_objet": "BENOEMING - ONTSLAG"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2024-12-04",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2024-12-04",
"unanimous": true
},
{
"body": "enig_aandeelhouder_schriftelijk",
"date": "2024-12-04",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0767.980.870",
"name_full": "EM CONSTRUCT",
"legal_form": "BESLOTEN VENNOOTSHAP"
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
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"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameNL | EM Construct |