EMERAUDE
ActiveSummary
EMERAUDE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €25k and a net result of €-13k. Equity is shrinking by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-6
Solvency71▼-19
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.42 against 0.55 in 2023; short-term debt: 54% and cash: 4.6% of total assets), and 54% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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 2024Solvency, return and age of the figures
Solvency
46%
Return on assets
-23.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-13k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
28 d late
2023
14 d early
2022
141 d late
2021
43 d late
2020
138 d late
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€25k▼ 34.1%
2023 · €38k
2018: €81k
2019: €67k
2020: €54k
2021: €48k
2022: €44k
2023: €38k
2018 → 2024
Total assets
€55k▼ 7.3%
2023 · €59k
2018: €109k
2019: €94k
2020: €78k
2021: €71k
2022: €63k
2023: €59k
2018 → 2024
Net result
€-13k▼ 116%
2023 · €-6k
2018: €-11k
2019: €-14k
2020: €-13k
2021: €-5k
2022: €-4k
2023: €-6k
2018 → 2024
Working capital
€-17k▼ 84.5%
2023 · €-9k
2018: €8k
2019: €-815
2020: €-9k
2021: €-9k
2022: €-8k
2023: €-9k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€54k-€48k▼ 9.9%€44k▼ 9.0%€38k▼ 13.6%€25k▼ 34.1%
Operating result€-13k-€-5k▲ 59.7%€-5k▲ 3.9%€-6k▼ 16.5%€-13k▼ 115%
Net result€-13k-€-5k▲ 59.4%€-4k▲ 17.9%€-6k▼ 37.3%€-13k▼ 116%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2024 against €6k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55k
Fixed assets
€42k ▼ 10.7%
Current assets
€12k ▲ 6.9%
Equity and liabilities €55k
Equity
€25k ▼ 34.1%
Debt
€29k ▲ 41.7%
Debt's share of the balance-sheet total rises from 35.3% to 54.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▼
2023 · €-804
Cash flow
€-8k▼
2023 · €-918
Current ratio
0.42▼
2023 · 0.55
Debt to equity
1.17▲
2023 · 0.55
ROE
-51.6%▼
2023 · -15.8%
ROA
-23.8%▼
2023 · -10.2%
Interest coverage
-24.56▼
2023 · -7.05
Debt ≤ 1 year
€29k▲
2023 · €21k
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 · 32 lines
Balance sheet
Code20232024
Assets
Total assets20/58€59k€55k▼
Fixed assets21/28€47k€42k▼
Tangible fixed assets22/27€47k€42k▼
Land and buildings22€47k€42k▼
Financial fixed assets28€57€57=
Current assets29/58€11k€12k▲
Amounts receivable within one year40/41€10k€10k=
Other amounts receivable41€10k€10k=
Cash at bank and in hand54/58€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€59k€55k▼
Equity10/15€38k€25k▼
Contributions10/11€31k€31k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€4k€-9k▼
Amounts payable17/49€21k€29k▲
Amounts payable within one year42/48€21k€29k▲
Trade debts44€2k€11k▲
Suppliers440/4€2k€11k▲
Other amounts payable47/48€18k€18k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€4k€18k▲
Gross operating margin9900€3k€10k▲
Operating profit (loss)9901€-6k€-13k▼
Financial charges65/66B€114€308▲
Recurring financial charges65€114€308▲
Profit (loss) for the period before taxes9903€-6k€-13k▼
Profit (loss) for the period9904€-6k€-13k▼
Profit (loss) for the period to be appropriated9905€-6k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-9k▼
Profit (loss) brought forward from the previous period14P€10k€4k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 141 days late
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 43 days late
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 138 days late
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
20-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 232 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, Schaarbeek
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.
Algemeen Stemrechtlaan 431030 SchaarbeekGround area
345 m²
Building footprint
170 m²
Volume, LiDAR
1,901 m³
Parcel 21903B0254/00X004, Brussels · tallest building 18.9 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0254/00X004 | Brussels | 345 m² | 1 · 170 m² | 18.9 m · 4 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.
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MEERVERKOOP.BE
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Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,737 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 formPublic limited company
Founded02-06-1992
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.