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EM

Active Private limited companyfounded 2010active for 15 yearsKastanjelaan 6, 9250 WaasmunsterKBO/BCE: BE 0832.367.490
EM
Financial year 2025
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Annual accounts 2025

micro format, filed on 17-08-2026, 17 days late
€68,636
▲ 51.9%
€43,343
▲ 144%
€26,459
▲ 233%
€204,004
▼ 0.7%
61.8%
▲ 2.8 percentage points
4.13
▼ 0.30

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €150,000. Estimated: probably between €110,000 and €190,000.

Balance sheet

balance sheet total €499,281 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

61.8%

Higher than 55% of 16,421 companies in 2025.

4.13

Higher than 72% of 16,161 companies in 2025.

5.3%

Higher than 22% of 16,298 companies in 2025.

EM Middle half of the sector 80% of the sector Micro accounts in legal and accounting (NACE 69)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014201320122011
Balance sheet: assets
20/58 499,281510,463559,560611,174675,995684,748623,824606,212556,892562,188595,772585,900632,409583,713561,103
21/28 230,030245,015268,182291,215364,470391,695354,994357,091318,568330,000343,937357,368393,350406,500417,286
22/27 230,030245,015268,182291,215364,470391,695354,994357,091318,568330,000343,937357,368393,350406,500417,286
22 209,434222,658241,626260,593276,373295,042315,804304,490308,765320,328331,892343,455377,464387,368399,595
23 6,1926,2168,3059,71511,5063,7024,4805,1911,4091,0111,4452,1742,2082,7051,180
24 14,40316,14118,25120,90676,59192,95134,71047,4108,3948,66110,60011,73913,67816,42716,512
29/58 269,251265,448291,378319,959311,526293,053268,830249,121238,323232,187251,835228,532239,059177,213143,816
29 132,137137,184142,080146,828151,432155,898160,229164,429168,502172,45388,31188,31188,31188,311-
291 132,137137,184142,080146,828151,432155,898160,229164,429168,502172,45388,31188,31188,31188,311-
40/41 43,84064,432106,59123,03861,48316,7024,3464,75411,7249,96295,09397,803108,34465,935104,688
40 26,61626,43344,7703,26752,93812,342--7,6421,0904948,916308--
41 17,22437,99961,82119,7718,5464,3604,3464,7544,0828,87294,59888,887108,03665,935104,688
50/53 ---148,7848,3038,3118,3048,2988,2928,28412,2764,250---
54/58 88,50861,09940,1371,30988,997110,83395,07668,83449,80541,20755,75637,87742,13722,40839,129
490/1 4,7672,7332,570-1,3091,3098752,806-281400290268559-
Balance sheet: equity and liabilities
10/49 499,281510,463559,560611,174675,995684,748623,824606,212556,892562,188595,772585,900632,409583,713561,103
10/15 308,553301,073305,510340,353344,382305,948296,969264,433232,050207,724165,204103,36881,69037,88445,464
10/11 12,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
100 ------18,55018,55018,55018,55018,55018,55018,55018,55018,550
101 ------6,1506,1506,1506,1506,1506,1506,1506,1506,150
13 296,153288,673293,110327,953331,982293,548284,569252,033219,650195,324152,80490,96869,29025,48433,064
130/1 -01,8551,8551,8551,855---------
130 ------1,8551,8551,8551,8551,8551,8551,8551,8551,653
1311 --01,8551,8551,855---------
1319 -01,855------------
133 296,153288,673291,255326,098330,127291,693282,714250,178217,795193,469150,94989,11367,43523,62931,411
14 000------------
17/49 190,728209,390254,050270,820331,613378,801326,855341,779324,841354,464430,569482,532550,719545,829515,638
17 125,335149,409175,023202,177265,142303,974281,822302,605290,723307,515323,567354,755387,499418,627448,221
170/4 125,335149,409175,023202,177265,142303,974281,822302,605290,723307,515323,567354,755387,499418,627448,221
42/48 65,24759,94178,98868,64466,47174,81945,03239,06034,07446,948106,985127,732163,220127,20267,417
42 24,07525,61427,15426,12338,83241,09732,51426,61416,79216,05234,54236,09654,32929,59428,135
44 2,7895,7226,9196,7736,4312,0513,3525,5581,8993,87713,09912,7843872,3202,284
440/4 2,7895,7226,9196,7736,4312,0513,3525,5581,8993,87713,09912,7843872,3202,284
45 22,85216,83314,15228,93920,9118,1525,4353,26212,54227,01959,34456,18518,50425,28816,998
450/3 22,85216,83314,15228,93920,9118,1525,4353,26212,54227,01959,34456,18518,50425,28816,998
47/48 15,53011,77230,7646,80929723,5193,7323,6272,841--22,66790,00070,00020,000
492/3 1464039--811144421745---
Income statement
76A -----6,792--4,836--2,2201,150--
9900 68,63645,19532,87282,135105,569104,95199,64485,22970,25890,793117,003149,207113,501122,104120,142
630 23,60322,87523,03323,39537,17426,70429,36026,61314,42313,93614,23114,23114,89316,15459,254
640/8 1,6903,6094,13022,0462,4313,3713,1582,3214,6002,8412,8452,5642,8182,440592
66A 0944----300----24,665---
9901 43,34317,7675,71036,69365,96474,87666,82656,29551,23574,01699,927132,41295,790103,51060,296
75/76B 4,6385,5005,2924,7214,8654,9955,1205,2505,6245,87010,60311,63411,0428,4111,368
75 4,6385,5005,2924,7214,8654,9955,1205,2505,6245,87010,60311,63411,0428,4111,368
65/66B 9,84411,39513,55712,20212,47013,24413,69714,50615,61017,07419,09121,32523,53324,21711,602
65 9,84411,39513,55712,20212,47013,24413,69714,50615,61017,07419,09121,32523,53324,21711,602
9903 38,13611,871-2,55529,21258,35966,62758,25047,04041,24862,81291,439100,27684,44987,70450,062
67/77 11,6773,916-948,91415,92414,96915,00014,65716,92220,29229,60335,93120,64225,28516,998
9904 26,4597,955-2,46120,29842,43451,65843,25032,38324,32742,52061,83664,34563,80762,41933,064
9905 26,4597,955-2,46120,29842,43451,65843,25032,38324,32742,52061,83664,34563,80762,41933,064
Appropriation of the result
9906 26,4597,955-2,46120,29842,43451,65843,25032,38324,32742,52061,83664,34563,80762,41933,064
791/2 18,97912,39234,84424,327---------7,783-
691/2 26,4597,955020,29838,4348,97932,53532,38324,32742,52061,83621,67843,80720233,064
6920 -------------2021,653
6921 26,4597,955020,29838,4348,97932,53532,38324,32742,52061,83621,67843,807-31,411
694/7 18,97912,39232,38324,3274,00042,67910,714----42,66720,00070,000-
694 18,97912,39232,38324,3274,00042,67910,714----42,667-50,000-
695 ------------20,00020,000-
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 17-08-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 17 days after the deadline. Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00405188.

Financial year Type Filed Reference Document
31-12-2025 micro format 17-08-2026 2026-00405188 PDF
31-12-2024 micro format 11-06-2025 2025-00131914 PDF
31-12-2023 micro format 29-07-2024 2024-00304677 PDF
31-12-2022 micro format 25-06-2023 2023-00158782 PDF
31-12-2021 micro format 28-07-2022 2022-20237851 PDF
31-12-2020 micro format 05-07-2021 2021-31100445 PDF
31-12-2019 micro format 11-09-2020 2020-52500578 PDF
31-12-2018 micro format 27-08-2019 2019-51600350 PDF
31-12-2017 micro format 30-08-2018 2018-57100449 PDF
31-12-2016 micro format 31-08-2017 2017-58300176 PDF
31-12-2015 abbreviated format 30-08-2016 2016-55800111 PDF
31-12-2014 abbreviated format 30-09-2015 2015-62500572 PDF
31-12-2013 abbreviated format 19-08-2014 2014-44600048 PDF
31-12-2012 abbreviated format 24-07-2013 2013-34400122 PDF
31-12-2011 abbreviated format 31-08-2012 2012-53100305 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011
66,94540,64228,74260,088103,138101,58096,18682,90965,65887,952114,158146,643110,683119,664119,550
50,06230,83120,57243,69379,60978,36272,60958,99638,75056,45676,06778,57678,70078,57392,318
8,61765302,9809,94894,70527,56265,13612,40608006955935,367476,540
27,40920,96238,827-87,688-21,83615,75726,24219,0298,598-14,54817,879-4,26019,729-16,721-
204,004205,507212,390251,315245,055218,234223,797210,061204,249185,239144,851100,80075,83950,01176,399
61.8%59.0%54.6%55.7%50.9%44.7%47.6%43.6%41.7%36.9%27.7%17.6%12.9%6.5%8.1%
4.134.433.694.664.693.925.976.386.994.952.351.791.461.392.13
0.620.700.830.800.961.241.101.291.401.712.614.676.7414.4111.34
8.6%2.6%-0.8%6.0%12.3%16.9%14.6%12.2%10.5%20.5%37.4%62.2%78.1%164.8%72.7%
5.3%1.6%-0.4%3.3%6.3%7.5%6.9%5.3%4.4%7.6%10.4%11.0%10.1%10.7%5.9%
6.803.572.124.928.27----------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€8,617€653-€2,980€9,948
€23,603€22,875€23,033€23,395€37,174

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on EM

The operating result for 2025 is 144% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 41.0% to 38.2%. Equity is higher and debt is lower.

Next steps

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