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Complete company report
Generated 10-08-2026
Active BE 0478.549.795Private limited company (pre-2019)

EMMAREM

Coupure 88 ·9000 Gent, Belgium· 23 yrs active
Sector: NACE 82990 (82990)
Conclusion Checked

The computed 12-month bankruptcy probability of EMMAREM is 0.3% (very low). The 2021 annual accounts show equity of €175k and a net result of €217. Equity is shrinking by ~4.9% per year across the filed fiscal years. The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €175k
Net result €217
Staff (FTE) 7.2
Active 23 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health44Profitability1Solvency12Growth58Stability100
43 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 44
Profitability 1
Solvency 12
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.3% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −

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

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 2002, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2021 · computed
44 / 100 Weak
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2021. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 20-02-2023 with the NBB · fiscal year 2021 · verkort
€-400k€-300k€-200k€-100k€0Operating result 2018: €-21k€-21kNet result 2018: €-300k€-300kOperating result 2019: €-50k€-50kNet result 2019: €-334k€-334kOperating result 2020: €19k€19kNet result 2020: €-329k€-329kOperating result 2021: €9k€9kNet result 2021: €217€2172018201920202021
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~4.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
€100k€150k€200k€250k2022: €162k (€142k - €183k)2023: €155k (€122k - €187k)2024: €147k (€102k - €192k)2018: €237k2019: €171k2020: €175k2021: €175k2018201920202021202220232024
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€38k
-25.7% -58% vs sector
Net profit
€217
- -100% vs sector
Cash flow
€29k
- -95% vs sector
Total assets
€1.25M
-5.1% -97% vs sector
Equity
€175k
+0.1% -99% vs sector
Working capital
€-395k
-0.1% far below sector median
Employees (FTE)
7
+18.0% -88% vs sector
Staff costs
€190k
- -98% vs sector
Income taxes
€0
- far below sector median
Debt
€1.07M
-5.9% -83% vs sector
Debt ≤ 1y
€1.01M
-3.4% -71% vs sector
Debt > 1y
€60k
-34.4% +25% vs sector
Current ratio
0.61
-2.2% -87% vs sector
Quick ratio
0.17
-14.5% -97% vs sector
Solvency
14.1%
+5.5% -81% vs sector
Debt / equity
6.11
+1071.3% far above sector median
ROE
0.1%
- -63% vs sector
ROA
0.0%
- -95% vs sector
Interest coverage
3.60
- far above sector median
Figures by fiscal year
Fiscal year2021
Revenue-
EBITDA€38k
Net profit€217
Cash flow€29k
Staff costs€190k
Income taxes-
Dividends-
Total assets€1.25M
Equity€175k
Debt€1.07M
of which ≤ 1y€1.01M
of which > 1y€60k
Working capital€-395k
Employees (FTE)7.2
Ratios (computed)
2021
Current ratio0.61
Quick ratio0.17
Working capital ratio-31.7%
Solvency14.1%
Debt / equity6.11
Long-term debt ratio0.34
Interest coverage3.60
Gross margin-
Net margin-
ROA0.0%
ROE0.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€1.25M
Fixed assets 21/28€629k
Formation expenses 20€316
Intangible fixed assets 21€41k
Tangible fixed assets 22/27€575k
Financial fixed assets 28€14k
Current assets 29/58€615k
Stocks & contracts in progress 3€444k
Amounts receivable within one year 40/41€169k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.25M
Equity 10/15€175k
Contributions / capital 10/11€460k
Reserves 13€44k
Accumulated profits (losses) 14€-329k
Amounts payable 17/49€1.07M
Amounts payable after one year 17€60k
Amounts payable within one year 42/48€1.01M
Trade debts payable within one year 44€704k
Income statement
Gross operating margin 9900€233k
Operating result 9901€9k
Financial income 75€1k
Financial charges 65€11k
Result before taxes 9903€217
Net result for the period 9904€217
Result to be appropriated 9905€217
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 82990
Legal form Private limited company (pre-2019)(015)
Incorporation11-10-2002
StatusActive
Postal code9000
Real-estate footprint Source: CBE × cadastre

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 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44815F2048/00V002
ProtectedTownscape or village viewCoupure en omgevingSource ↗
 Flanders 794 m² 1 · 299 m² 18.5 m · 6 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
07-05-2024
State Gazette act Registered-office change
2023
20-02-2023
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
17-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
22-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
27-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
31-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
28-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
26-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
13-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2014
20-06-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
2013
25-07-2013
NBB filing Annual accounts filed
fiscal year 2012 · verkort
Belgisch Staatsblad, acts 1 acts
Address history · 1
07-05-2024
Registered-office move
All acts · 1 updated 2 years ago
2024
07-05-2024 Registered office moved from Nevele to Aalter Registered-office change
  • Gezusters Lovelingstraat 2, 9850 Nevele → Biesemgoedstraat 16 te 9880 Aalter
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Biesemgoedstraat 16 te 9880 Aalter",
        "city": "Aalter",
        "region": "vlaams_gewest",
        "street": "Biesemgoedstraat",
        "country": "BE",
        "postcode": "9880",
        "box_number": null,
        "street_number": "16",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Gezusters Lovelingstraat 2, 9850 Nevele",
        "city": "Nevele",
        "region": "vlaams_gewest",
        "street": "Gezusters Lovelingstraat",
        "country": "BE",
        "postcode": "9850",
        "box_number": null,
        "street_number": "2",
        "locality_suffix": null
      },
      "effective_date": "2024-03-01",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-05-07",
    "filing_date": "2024-04-19",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2024-03-01",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0478.549.795",
    "name_full": "EMMAREM",
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Ingeborg Sierens",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameNL EMMAREM
Registered office
Coupure 88
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative