EMCODIS
ActiveSummary
EMCODIS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €211k and a net result of €61k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 72% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+3
Solvency100=
Growth41▲+3
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.26 in 2023; short-term debt: 24.3% and cash: 32% of total assets), and 24.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
not confirmed
2024
30 d late
2023
30 d late
2022
51 d late
2021
11 d late
2020
20 d late
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€128k▲ 16.8%
2023 · €110k
2018: €210khighest in 7 years
2019: €150k▼ -28.7% vs 2018
2020: €128k▼ -14.4% vs 2019
2021: €139k▲ +8.4% vs 2020
2022: €92k▼ -34.1% vs 2021lowest in 7 years
2023: €110k▲ +19.4% vs 2022
2024: €128k▲ +16.8% vs 2023
2018 → 2024
EBIT margin
72.8%▲ 13.1pp
2023 · 59.7%
2018: 15.5%
2019: 12.5%▼ -19.8% vs 2018
2020: -5.1%▼ -141% vs 2019lowest in 7 years
2021: 28.6%▲ +659% vs 2020
2022: 14.7%▼ -48.6% vs 2021
2023: 59.7%▲ +306% vs 2022
2024: 72.8%▲ +21.9% vs 2023highest in 7 years
2018 → 2024
Net result
€61k▲ 47.4%
2023 · €42k
2018: €-3k
2019: €12k▲ +501% vs 2018
2020: €-7k▼ -159% vs 2019lowest in 7 years
2021: €25k▲ +440% vs 2020
2022: €2k▼ -93.3% vs 2021
2023: €42k▲ +2389% vs 2022
2024: €61k▲ +47.4% vs 2023highest in 7 years
2018 → 2024
Working capital
€64k▲ 85.1%
2023 · €34k
2018: €365k
2019: €367k▲ +0.5% vs 2018highest in 7 years
2020: €355k▼ -3.1% vs 2019
2021: €290k▼ -18.6% vs 2020
2022: €188k▼ -35.1% vs 2021
2023: €34k▼ -81.7% vs 2022lowest in 7 years
2024: €64k▲ +85.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€128k-€139k▲ 8.4%€92k▼ 34.1%€110k▲ 19.4%€128k▲ 16.8%
2020: €128k
2021: €139k▲ +8.4% vs 2020highest in 5 years
2022: €92k▼ -34.1% vs 2021lowest in 5 years
2023: €110k▲ +19.4% vs 2022
2024: €128k▲ +16.8% vs 2023
Equity€345k-€370k▲ 7.2%€372k▲ 0.5%€200k▼ 46.2%€211k▲ 5.6%
2020: €345k
2021: €370k▲ +7.2% vs 2020
2022: €372k▲ +0.5% vs 2021highest in 5 years
2023: €200k▼ -46.2% vs 2022lowest in 5 years
2024: €211k▲ +5.6% vs 2023
Operating result€-7k-€40k€13k▼ 66.1%€65k▲ 385%€93k▲ 42.3%
2020: €-7klowest in 5 years
2021: €40k▲ +705% vs 2020
2022: €13k▼ -66.1% vs 2021
2023: €65k▲ +385% vs 2022
2024: €93k▲ +42.3% vs 2023highest in 5 years
Net result€-7k-€25k€2k▼ 93.3%€42k▲ 2,389%€61k▲ 47.4%
2020: €-7klowest in 5 years
2021: €25k▲ +440% vs 2020
2022: €2k▼ -93.3% vs 2021
2023: €42k▲ +2389% vs 2022
2024: €61k▲ +47.4% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 42% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €279k
Fixed assets
€147k ▼ 10.9%
Current assets
€131k ▲ 113%
Equity and liabilities €279k
Equity
€211k ▲ 5.6%
Debt
€68k ▲ 149%
Debt's share of the balance-sheet total rises from 12.0% to 24.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€111k▲
2023 · €87k
Cash flow
€79k▲
2023 · €63k
Current ratio
1.94▼
2023 · 2.26
Debt to equity
0.32▲
2023 · 0.14
ROE
29.0%▲
2023 · 20.8%
ROA
21.9%▲
2023 · 18.3%
Interest coverage
167.16▼
2023 · 221.15
Debt ≤ 1 year
€68k▲
2023 · €27k
Income taxes
€31k▲
2023 · €23k
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 · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€227k€279k▲
Fixed assets21/28€165k€147k▼
Tangible fixed assets22/27€165k€147k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€9k€7k▼
Other tangible fixed assets26€152k€138k▼
Current assets29/58€62k€131k▲
Amounts receivable within one year40/41€5k€42k▲
Trade receivables40€173€34k▲
Other amounts receivable41€5k€7k▲
Cash at bank and in hand54/58€56k€89k▲
Deferred charges and accrued income490/1€1k€614▼
Equity and liabilities
Total equity and liabilities10/49€227k€279k▲
Equity10/15€200k€211k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€124k€135k▲
Non-distributable reserves130/1€124k€135k▲
Legal reserve130€6k€6k=
Other1319€118k€129k▲
Profit (loss) carried forward14€14k€14k=
Amounts payable17/49€27k€68k▲
Amounts payable within one year42/48€27k€68k▲
Trade debts44€1k€399▼
Suppliers440/4€1k€399▼
Taxes, remuneration and social security45€26k€56k▲
Taxes450/3€26k€56k▲
Other amounts payable47/48-€12k
Income statement
Code20232024
Turnover70€110k€128k▲
Non-recurring operating income76A€0-
Goods, raw materials, services and sundry goods60/61€23k€17k▼
Remuneration, social security and pensions62€186-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€18k▼
Other operating charges640/8€1k€4k▲
Gross operating margin9900€88k€115k▲
Operating profit (loss)9901€65k€93k▲
Financial income75/76B-€32
Recurring financial income75-€32
Financial charges65/66B€393€664▲
Recurring financial charges65€393€664▲
Profit (loss) for the period before taxes9903€65k€92k▲
Income taxes67/77€23k€31k▲
Profit (loss) for the period9904€42k€61k▲
Profit (loss) for the period to be appropriated9905€42k€61k▲
Appropriation of the result
Profit (loss) to be appropriated9906€128k€75k▼
Profit (loss) brought forward from the previous period14P€86k€14k▼
Transfer from equity791/2€227k€50k▼
Transfer to equity691/2€128k€61k▼
To other reserves6921€128k€61k▼
Profit to be distributed694/7€213k€50k▼
Return on contributions (dividend)694€213k€50k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €128k | €139k | €92k | €110k | €128k | ▲ 16.8% |
| Non-recurring operating income76A | - | - | €3k | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €96k | €62k | €23k | €17k | ▼ 26.9% |
| Remuneration, social security and pensions62 | - | €1k | - | €186 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €5k | €19k | €22k | €18k | ▼ 16.6% |
| Other operating charges640/8 | - | €2k | - | €1k | €4k | ▲ 177% |
| Non-recurring operating charges66A | - | €1k | - | - | - | - |
| Gross operating margin9900 | €-567 | €50k | €33k | €88k | €115k | ▲ 29.6% |
| Operating profit (loss)9901 | €-7k | €40k | €13k | €65k | €93k | ▲ 42.3% |
| Financial income75/76B | - | - | €151 | - | €32 | - |
| Recurring financial income75 | - | - | €151 | - | €32 | - |
| Non-recurring financial income76B | - | - | €151 | - | - | - |
| Financial charges65/66B | - | €1k | €10k | €393 | €664 | ▲ 69.0% |
| Recurring financial charges65 | €539 | €1k | €75 | €393 | €664 | ▲ 69.0% |
| Non-recurring financial charges66B | - | - | €10k | - | - | - |
| Profit (loss) for the period before taxes9903 | €-7k | €39k | €4k | €65k | €92k | ▲ 42.2% |
| Income taxes67/77 | €182 | €14k | €2k | €23k | €31k | ▲ 33.1% |
| Profit (loss) for the period9904 | €-7k | €25k | €2k | €42k | €61k | ▲ 47.4% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €25k | €2k | €42k | €61k | ▲ 47.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €391k | €421k | €427k | €227k | €279k | ▲ 22.8% |
| Fixed assets21/28 | €17k | €80k | €184k | €165k | €147k | ▼ 10.9% |
| Tangible fixed assets22/27 | €17k | €80k | €184k | €165k | €147k | ▼ 10.9% |
| Plant, machinery and equipment23 | - | €10k | €8k | €4k | €2k | ▼ 44.7% |
| Furniture and vehicles24 | - | €2k | €11k | €9k | €7k | ▼ 17.6% |
| Other tangible fixed assets26 | - | €69k | €165k | €152k | €138k | ▼ 9.5% |
| Current assets29/58 | €375k | €340k | €244k | €62k | €131k | ▲ 113% |
| Amounts receivable within one year40/41 | €68k | €42k | €97k | €5k | €42k | ▲ 755% |
| Trade receivables40 | - | €40k | €93k | €173 | €34k | ▲ 19,725% |
| Other amounts receivable41 | - | €1k | €4k | €5k | €7k | ▲ 54.4% |
| Current investments50/53 | €243k | €243k | - | - | - | - |
| Cash at bank and in hand54/58 | €63k | €55k | €146k | €56k | €89k | ▲ 60.1% |
| Deferred charges and accrued income490/1 | - | €428 | €449 | €1k | €614 | ▼ 42.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €391k | €421k | €427k | €227k | €279k | ▲ 22.8% |
| Equity10/15 | €345k | €370k | €372k | €200k | €211k | ▲ 5.6% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €197k | €221k | €223k | €124k | €135k | ▲ 9.0% |
| Non-distributable reserves130/1 | - | €221k | €223k | €124k | €135k | ▲ 9.0% |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Other1319 | - | €215k | €217k | €118k | €129k | ▲ 9.5% |
| Profit (loss) carried forward14 | €86k | €86k | €86k | €14k | €14k | = |
| Amounts payable17/49 | €46k | €51k | €56k | €27k | €68k | ▲ 149% |
| Amounts payable after more than one year17 | €27k | - | - | - | - | - |
| Amounts payable within one year42/48 | €19k | €51k | €56k | €27k | €68k | ▲ 149% |
| Trade debts44 | €6k | €9k | €38k | €1k | €399 | ▼ 66.7% |
| Suppliers440/4 | - | €9k | €38k | €1k | €399 | ▼ 66.7% |
| Taxes, remuneration and social security45 | - | €14k | €18k | €26k | €56k | ▲ 114% |
| Taxes450/3 | - | €14k | €18k | €26k | €56k | ▲ 114% |
| Other amounts payable47/48 | - | €28k | - | - | €12k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €25k | €2k | €42k | €61k | ▲ 47.4% |
| + Depreciation and write-downs630 | €4k | €5k | €19k | €22k | €18k | ▼ 16.6% |
| Operating cash flow (approximation) | €-3k | €30k | €21k | €63k | €79k | ▲ 25.5% |
| Investment in fixed assets (approximation) | - | €-69k | €-122k | €-3k | €0 | ▲ 100% |
| Change in cash | - | €-8k | €91k | €-90k | €33k | ▲ 137% |
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
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €61k ▲47.4%
Operating result €93k, net result €61k, both a record.
31-12
Financial
Equity above €200kEq €211k ▲5.6%
4 profitable years in a row build equity to €211k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 36.13
Current ratio from 11.53 to 36.13; short-term debt falls from €35k to €10k.
Show earlier events
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Andenne · 1 establishment unit since 1993
Ground area
7,077 m²
Building footprint
392 m²
Volume, LiDAR
1,863 m³
2 parcels, Wallonia · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Eglise, Annevoie 28, 5537 Anhée
since 19932.050.065.702
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91006A0216/00Y000 | Wallonia | 5,666 m² | 1 · 275 m² | 10.5 m · 2 fl. |
| 92081A0055/02R000 | Wallonia | 1,411 m² | 1 · 116 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900GNET6RWL1QY053
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,155 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-07-1990
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
46389Wholesale of other food products
47279Other retail sale of food
47789Other retail sale of new goods
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.