EMRO lights & technics

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of EMRO lights & technics is 2.0% (moderate). The 2025 annual accounts show equity of €26k and a net result of €71k. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 2905 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2905 sector peers (2025).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-03-2026, 126 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	27-03-2026	126 d early	2026-00065150
31-12-2024	31-07-2025	09-05-2025	83 d early	2025-00093906
31-12-2023	31-07-2024	04-06-2024	57 d early	2024-00110576
31-12-2022	31-07-2023	06-07-2023	25 d early	2023-00226821
31-12-2021	31-07-2022	14-07-2022	17 d early	2022-20185199

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.0% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€71k+449.0%

Working capital€21k-19.8%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 27-03-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~23.1%/year over 5 fiscal years, indicative, assuming unchanged policy.

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).

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	18.4%	43.4%	better than 22% of 2905 sector peers
Net result	€71k	€13k	better than 90% of 2904 sector peers
Equity	€26k	€44k	better than 35% of 2905 sector peers
Gross operating margin	€104k	€39k	better than 80% of 2902 sector peers
Total assets	€143k	€115k	better than 59% of 2905 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P22

Improving position over 2021-2025 · n=2905-11120

Net result P90

Improving position over 2021-2025 · n=2904-11103

Equity P35

Improving position over 2021-2025 · n=2905-11124

Gross operating margin P80

Improving position over 2021-2025 · n=2902-11092

Describes the position versus peers, not a forecast.

EBITDA

€102k

+280.6% 21-25

Net profit

€71k

+449.0% 21-25

Cash flow

€80k

+282.3% 21-25

Total assets

€143k

+28.5% 21-25

Equity

€26k

-31.7% 21-25

Working capital

€21k

-19.8% 21-25

Income taxes

€22k

+313.1% 21-25

Dividends

€82k

+9393.4% 21-25

Show 10 other metrics

Debt

€117k

+60.1% 21-25

Debt ≤ 1y

€114k

+58.9% 21-25

Debt > 1y

€1k

-85.4% 21-25

Current ratio

1.19

-13.5% 21-25

Quick ratio

0.84

-6.3% 21-25

Solvency

18.4%

-46.8% 21-25

Debt / equity

4.45

+134.3% 21-25

ROE

272.3%

+703.3% 21-25

ROA

50.0%

+327.4% 21-25

Interest coverage

25.78

+47.2% 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€102k
Net profit	€71k
Cash flow	€80k
Staff costs	-
Income taxes	€22k
Dividends	€82k
Total assets	€143k
Equity	€26k
Debt	€117k
of which ≤ 1y	€114k
of which > 1y	-
Working capital	€21k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	1.19
Quick ratio	0.84
Working capital ratio	15.0%
Solvency	18.4%
Debt / equity	4.45
Long-term debt ratio	-
Interest coverage	25.78
Gross margin	-
Net margin	-
ROA	50.0%
ROE	272.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €7k · 5.1% Current assets €135k · 94.9%

Equity & liabilities

Equity €26k · 18.4% Debt €117k · 81.6%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€143k
Fixed assets	21/28	€7k
Tangible fixed assets	22/27	€7k
Financial fixed assets	28	€82
Current assets	29/58	€135k
Stocks & contracts in progress	3	€40k
Amounts receivable within one year	40/41	€82k
Cash & bank	54/58	€11k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€143k
Equity	10/15	€26k
Contributions / capital	10/11	€8k
Reserves	13	€19k
Amounts payable	17/49	€117k
Amounts payable within one year	42/48	€114k
Trade debts payable within one year	44	€23k
Income statement
Gross operating margin	9900	€104k
Operating result	9901	€94k
Financial income	75	€3k
Financial charges	65	€4k
Result before taxes	9903	€93k
Income taxes	67/77	€22k
Net result for the period	9904	€71k
Result to be appropriated	9905	€71k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

68 / 100 Healthy

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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Grotestraat 593540 Herk-de-Stad

Establishment units

1 location

EMRO lights & technics

Grotestraat 59, 3540 Herk-de-StadReparatie en onderhoud van elektrische apparatuur

since 20212.315.942.405

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area854 m²

Buildings1

Building footprint220 m²

Volume (LiDAR)804 m³

Tallest building6.0 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.
71003A0300/00K000	Flanders	854 m²	1 · 220 m²	6.0 m · 1 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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.