Emax
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. Its solvency ranks better than 16% of 4758 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €128k |
| Net result | €-86k |
| Better than sector | 16% |
| Active | 8 yrs |
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.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 6.2% | 55.4% | |
| Net result | €-86k | €38k | |
| Equity | €128k | €64k | |
| Gross operating margin | €151k | €61k | |
| Total assets | €2.06M | €146k |
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| 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) | - |
| 2025 | |
|---|---|
| Current ratio | 0.24 |
| Quick ratio | 0.24 |
| Working capital ratio | -37.0% |
| Solvency | 6.2% |
| Debt / equity | 15.16 |
| Long-term debt ratio | 7.24 |
| Interest coverage | 3.77 |
| Gross margin | - |
| Net margin | - |
| ROA | -4.2% |
| ROE | -67.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 |
|---|---|---|
| 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 |
-
Emiel PenneDirectorState Gazette act 25353716 (04-09-2025)Current29-08-2025 → present
| NACE primary | Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 26-02-2018 |
| Status | Active |
| Postal code | 9000 |
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.
| 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. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
04-09-2025 2 directors appointed
- Emiel Penne, Bestuurder
- Titeca Accountancy, Bijzondere gevolmachtigde
Technical details
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}17-02-2023 Restructuring of share classes
Technical details
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}| Legal nameNL | Emax |