EMISAR
ActiveThe computed 12-month bankruptcy probability of EMISAR is 2.0% (moderate). The 2024 annual accounts show negative equity (€-74k) and a net result of €2k. Equity is shrinking by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 18939 sector peers (fiscal year 2024). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▲+66
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.29 in 2023; short-term debt: 193.5% and cash: 11.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 56
Relative position
BE, all sectors
reference
Sector 56
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 2024Solvency, return and age of the figures
Solvency
-105.2%
Return on assets
3.3%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 18939 sector peers (2024).
NBB · sector comparisonPosition among 18939 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
9 d late
2022
31 d late
2021
30 d late
2020
30 d late
2019
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-74k▲ 3.0%
2023 · €-77k
2018: €56k
2019: €58k
2020: €-7k
2021: €87k
2022: €74k
2023: €-77k
2018 → 2024
Total assets
€71k▼ 24.7%
2023 · €94k
2018: €156k
2019: €160k
2020: €131k
2021: €174k
2022: €177k
2023: €94k
2018 → 2024
Net result
€2k
2023 · €-151k
2018: €-46k
2019: €1k
2020: €-64k
2021: €94k
2022: €-13k
2023: €-151k
2018 → 2024
Working capital
€-119k▼ 6.0%
2023 · €-112k
2018: €-33k
2019: €-37k
2020: €-93k
2021: €53k
2022: €30k
2023: €-112k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-7k-€87k€74k▼ 14.6%€-77k€-74k▲ 3.0%
Operating result€-65k-€99k€-8k€-147k▼ 1,815%€7k
Net result€-64k-€94k€-13k€-151k▼ 1,088%€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €7k after a loss of €147k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €71k
Fixed assets
€53k▲ 7.1%
Current assets
€18k▼ 59.4%
Key figures and ratios
EBITDA
€21k▲
2023 · €-117k
Cash flow
€17k▲
2023 · €-121k
Solvency
-105.2%▼
2023 · -81.7%
Current ratio
0.13▼
2023 · 0.29
Quick ratio
0.10▼
2023 · 0.17
Debt / equity
-1.95▲
2023 · -2.22
ROA
3.3%▲
2023 · -160.9%
Interest coverage
5.14▲
2023 · -27.50
Debt
€145k▼
2023 · €171k
Debt ≤ 1 year
€137k▼
2023 · €157k
Debt > 1 year
€8k▼
2023 · €14k
Income taxes
€240
Staff costs
€123k▲
2023 · €104k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€94k€71k▼
Fixed assets21/28€49k€53k▲
Intangible fixed assets21€1k€1k▼
Tangible fixed assets22/27€44k€48k▲
Plant, machinery and equipment23€24k€33k▲
Furniture and vehicles24€21k€15k▼
Financial fixed assets28€3k€3k▲
Current assets29/58€45k€18k▼
Stocks and contracts in progress3€18k€5k▼
Stocks30/36€18k€5k▼
Amounts receivable within one year40/41€5k€3k▼
Other amounts receivable41€5k€3k▼
Current investments50/53€4k-
Cash at bank and in hand54/58€14k€8k▼
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€94k€71k▼
Equity10/15€-77k€-74k▲
Contributions10/11€19k€19k=
Reserves13€66k€66k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€65k€65k=
Profit (loss) carried forward14€-162k€-160k▲
Amounts payable17/49€171k€145k▼
Amounts payable after more than one year17€14k€8k▼
Financial debts170/4€14k€8k▼
Amounts payable within one year42/48€157k€137k▼
Current portion of amounts payable after more than one year42€15k€18k▲
Trade debts44€83k€56k▼
Suppliers440/4€83k€56k▼
Taxes, remuneration and social security45€15k€42k▲
Taxes450/3€1k€28k▲
Remuneration and social security454/9€14k€15k▲
Other amounts payable47/48€44k€21k▼
Income statement
Code20232024
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€104k€123k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€15k▼
Other operating charges640/8€8k€5k▼
Gross operating margin9900€-5k€150k▲
Operating profit (loss)9901€-147k€7k▲
Financial income75/76B€82€15▼
Recurring financial income75€82€15▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€-151k€3k▲
Income taxes67/77-€240
Profit (loss) for the period9904€-151k€2k▲
Profit (loss) for the period to be appropriated9905€-151k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-162k€-160k▲
Profit (loss) brought forward from the previous period14P€-11k€-162k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Weakest financial yearnet €-151k
Net result drops to €-151k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €94k
Net result €94k after one loss-making year.
31-12
Financial
Liquidity times 10current ratio 2.57
Current ratio from 0.25 to 2.57; short-term debt falls from €124k to €34k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-07
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 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Binche · 1 establishment unit since 2010
Ground area
135 m²
Building footprint
22 m²
Volume, LiDAR
274 m³
Parcel 56011B0158/00C000, Wallonia · tallest building 12.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LA RENAISSANCE
since 20102.191.707.674
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56011B0158/00C000 | Wallonia | 135 m² | 1 · 22 m² | 12.8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBinche2.191.707.674
Similar companies · same sector, comparable size
NAYIL PARTNERS
BE 0476.331.564
Brussel · Eq €74k
DEN HAAS
BE 0457.168.423
Antwerpen · Eq €74k
VILLA 99
BE 0501.915.216
Ronse · Eq €75k
REEF CAFÉ
BE 0479.853.060
Blankenberge · Eq €74k
PANORAMA
BE 0690.885.270
Turnhout · Eq €74k
Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 3,894 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-1989
Fiscal year end31-12
Activities, NACEBEL
55401
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0486021750