Emax
ActiveSummary
Emax has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-8k) and a net result of €2k. Equity is shrinking by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 6% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▲+29
Solvency1▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.13 in 2024; short-term debt: 51.1% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
-24%
Return on assets
5.2%
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 6% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 6%
← 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 26-08-2026, 26 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 · 9 filingsDeviation from the deadline
2025
26 d late
2024
152 d late
2023
146 d late
2022
86 d late
2021
75 d late
2020
6 d early
2019
82 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-8k▲ 17.8%
2024 · €-10k
2018: €225
2019: €-4k
2020: €-7k
2021: €-6k
2022: €-11k
2023: €-7k
2024: €-10k
2018 → 2025
Total assets
€34k▼ 9.7%
2024 · €38k
2018: €63k
2019: €60k
2020: €55k
2021: €58k
2022: €49k
2023: €48k
2024: €38k
2018 → 2025
Net result
€2k
2024 · €-3k
2018: €-12k
2019: €-4k
2020: €-3k
2021: €537
2022: €-5k
2023: €4k
2024: €-3k
2018 → 2025
Working capital
€-15k▲ 10.5%
2024 · €-16k
2018: €-26k
2019: €-24k
2020: €-26k
2021: €-21k
2022: €-23k
2023: €-19k
2024: €-16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-6k-€-11k▼ 86.5%€-7k▲ 36.7%€-10k▼ 40.4%€-8k▲ 17.8%
Operating result€4k-€-1k€8k€826▼ 89.3%€5k▲ 488%
Net result€537-€-5k€4k€-3k€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 488% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34k
Fixed assets
€31k ▼ 10.9%
Current assets
€3k ▲ 7.5%
Key figures and ratios
EBITDA
€9k▲
2024 · €5k
Cash flow
€6k▲
2024 · €866
Solvency
-24.0%▲
2024 · -26.3%
Current ratio
0.15▲
2024 · 0.13
Debt to equity
-5.17▼
2024 · -4.80
ROA
5.2%▲
2024 · -7.6%
Interest coverage
2.82▲
2024 · 1.24
Debt
€42k▼
2024 · €48k
Debt ≤ 1 year
€17k▼
2024 · €19k
Debt > 1 year
€24k▼
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€38k€34k▼
Fixed assets21/28€35k€31k▼
Intangible fixed assets21€4k€1k▼
Tangible fixed assets22/27€31k€30k▼
Land and buildings22€31k€30k▼
Plant, machinery and equipment23€868€499▼
Current assets29/58€2k€3k▲
Amounts receivable within one year40/41€1k€1k▼
Trade receivables40€300€0▼
Other amounts receivable41€835€1k▲
Cash at bank and in hand54/58€76€8▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€38k€34k▼
Equity10/15€-10k€-8k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-29k€-27k▲
Amounts payable17/49€48k€42k▼
Amounts payable after more than one year17€28k€24k▼
Financial debts170/4€28k€24k▼
Amounts payable within one year42/48€19k€17k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Financial debts43€9k€8k▼
Credit institutions430/8€9k€8k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€0€1k▲
Taxes450/3€0-
Remuneration and social security454/9€0€1k▲
Other amounts payable47/48€4k€832▼
Accrued charges and deferred income492/3€293€329▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€774€745▼
Gross operating margin9900€5k€9k▲
Operating profit (loss)9901€826€5k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-3k€2k▲
Profit (loss) for the period9904€-3k€2k▲
Profit (loss) for the period to be appropriated9905€-3k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€-27k▲
Profit (loss) brought forward from the previous period14P€-26k€-29k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 152 days late
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 146 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 86 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Back to profitnet €537
Net result €537 after 3 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
27-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 149 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Boekenberglei 37/392100 AntwerpenGround area
298 m²
Building footprint
82 m²
Volume, LiDAR
701 m³
Parcel 11346B0543/00G002, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Emax
since 20162.255.975.817
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0543/00G002 | Flanders | 298 m² | 1 · 82 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GAUDY CONSTRUCT
BE 0662.528.509
Brussel · Eq €224
Pietra Construct
BE 0759.373.903
Brussel · Eq €229
ABCRenov
BE 0641.718.346
Scherpenheuvel-Zichem · Eq €216
MIHU CONSTRUCT
BE 0658.872.005
Sint-Lambrechts-Woluwe · Eq €207
POOLPLUS
BE 0437.817.616
Haacht · Eq €279
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 151 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43310Plastering work
43320Joinery installation
43341Painting of buildings
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.