Recently, modern power electronic systems have been introduced in different applications, such as in avionics and wireless communication. The increasing technological complexity of these systems is posing serious challenges regarding electromagnetic compatibility (EMC) issues. Indeed, the radiation emitted from electronic circuits can induce harmful effects on nearby devices. Thus, several research works have been conducted using the nearfield technique to deal with electromagnetic interferences (EMI) that might occur, especially due to rapidly changing currents and voltages. In the present work, a detailed study about the characterization of the electromagnetic nearfield-radiated emissions is established using a time-domain analysis to provide an equivalent model constituted of a set of electromagnetic dipole parameters. Source reconstruction has been obtained using electromagnetic time reversal (EMTR), which has proven successful and efficient in identifying transient disturbance sources in power electronics. Experimental measurements of the magnetic nearfield have been carried out under an AC/DC flyback converter. The accuracy of the proposed method has been confirmed by visualizing measured magnetic field components, which are in good agreement with the calculated maps. The results of a reasonable computing time have shown that, particularly in transient signals with a wide frequency band, the suggested inverse method is an adequate alternative to overcome frequency domain limitations.