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Emax

Active
Vogelmarkt 27 ·9000 Gent, Belgium
KBO/BCE: BE 0690.941.490
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Age8 yrs
Board1
Real estate2 parcels · 4,800 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Emax is 0.2% (very low). The 2025 annual accounts show equity of €128k and a net result of €-86k. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 07-07-2026 24 d early 2026-00281092

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-86k
Working capital€-764k

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 07-07-2026 with the NBB · fiscal year 2025 · micro
Fiscal year2025
Depositmicro
Revenue-
EBITDA€60k
Net profit€-86k
Cash flow€48k
Staff costs-
Income taxes€47
Dividends€54k
Total assets€2.06M
Equity€128k
Debt€1.94M
of which ≤ 1y€1.01M
of which > 1y€925k
Working capital€-764k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.24
Quick ratio0.24
Working capital ratio-37.0%
Solvency6.2%
Debt / equity15.16
Long-term debt ratio7.24
Interest coverage3.77
Gross margin-
Net margin-
ROA-4.2%
ROE-67.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€2.06M
Fixed assets 21/28€1.82M
Tangible fixed assets 22/27€1.82M
Financial fixed assets 28€446
Current assets 29/58€247k
Amounts receivable within one year 40/41€179k
Cash & bank 54/58€56k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.06M
Equity 10/15€128k
Contributions / capital 10/11€1k
Reserves 13€213k
Accumulated profits (losses) 14€-86k
Amounts payable 17/49€1.94M
Amounts payable after one year 17€925k
Amounts payable within one year 42/48€1.01M
Trade debts payable within one year 44€4k
Income statement
Gross operating margin 9900€151k
Operating result 9901€-74k
Financial income 75€4k
Financial charges 65€16k
Result before taxes 9903€-86k
Income taxes 67/77€47
Net result for the period 9904€-86k
Result to be appropriated 9905€-86k
Ratios computed by Checked.

Health barometer

FY 2025 · computed
23 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

1 director
Current directors & mandates
  • Emiel Penne
    Director
    State Gazette act 25353716 (04-09-2025)
    Current
    29-08-2025 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200)
Legal form Private limited company(610)
Incorporation26-02-2018
StatusActive
Postal code9000

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Vogelmarkt 279000 Gent

Establishment units

1 location
Emax
Hof Somergem 55, 9320 AalstOverige dienstverlenende activiteiten op het gebied van informatie, n.e. g.
since 20182.273.529.055
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area4,800 m²
Buildings2
Building footprint557 m²
Volume (LiDAR)4,782 m³
Tallest building20.4 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41014A0204/00T000 Flanders 4,601 m² 1 · 358 m² 11.5 m · 2 fl.
44803C0841/00A000 Flanders 200 m² 1 · 200 m² 20.4 m · 5 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts
Capital history · 1
17-02-2023
Capital change
All acts · 2 updated 11 months ago
2025
04-09-2025 2 directors appointed Director changes·Joost Eeman
  • Emiel Penne, Bestuurder
  • Titeca Accountancy, Bijzondere gevolmachtigde
Notary: Joost Eeman · Gent
2023
17-02-2023 Restructuring of share classes Capital & shares

Analysis

Snowflake analysis

financial profile on 5 axes
Health23Profitability0Solvency4Growth-Stability85
28 / 100

Fragile profile, watch profitability in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 23
Profitability 0
Solvency 4
Growth -
Stability 85

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 15,317 of the 82,003 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameNL Emax
Registered office
Vogelmarkt 27 bus 101
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.