EMA CONSTRUCT
Annual accounts 2025
micro format, filed on 30-06-2026, 31 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €56,132 on 31-12-2025in euro
in euro
Position in the sector
96.6%
Higher than 95% of 35,136 companies in 2025.
36.82
Higher than 95% of 34,510 companies in 2025.
-8.7%
Higher than 13% of 34,711 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
56,132 | 60,209 | 63,553 | 76,529 | 100,344 | 85,567 | 119,555 | 130,099 | 80,854 | 85,709 | 14,854 | 3,116 | 9,282 | 9,661 | 10,196 | 14,258 | 8,451 | 8,395 | 19,226 | 11,575 | |
21/28 |
853 | 1,956 | 3,267 | 5,155 | 7,043 | 4,943 | 9,886 | 17,630 | 46,260 | 3,860 | 3,600 | - | - | - | - | - | - | - | - | - | |
22/27 |
853 | 1,956 | 3,267 | 5,155 | 7,043 | 4,943 | 9,886 | 17,630 | 46,260 | 3,860 | 3,600 | - | - | - | - | - | - | - | - | - | |
23 |
- | - | - | - | - | - | - | - | 1,180 | 2,360 | - | - | - | - | - | - | - | - | - | - | |
24 |
853 | 1,956 | 3,267 | 5,155 | 7,043 | 4,943 | 9,886 | 17,630 | 45,079 | 1,500 | 3,600 | - | - | - | - | - | - | - | - | - | |
29/58 |
55,280 | 58,254 | 60,285 | 71,374 | 93,301 | 80,624 | 109,669 | 112,469 | 34,594 | 81,849 | 11,254 | 3,116 | 9,282 | 9,661 | 10,196 | 14,258 | 8,451 | 8,395 | 19,226 | 11,575 | |
40/41 |
43,967 | 50,681 | 32,975 | 41,389 | 51,012 | 52,769 | 91,558 | 33,366 | 21,072 | 61,824 | 5,144 | 1,368 | 8,726 | 8,699 | 7,090 | 12,468 | 8,158 | 7,486 | 11,298 | 10,441 | |
40 |
4,235 | 7,116 | 0 | 20,000 | 40,000 | 38,500 | 84,058 | 26,041 | 19,360 | 57,350 | 2,000 | - | 5,831 | 5,831 | 5,831 | 11,417 | 7,706 | 7,247 | 10,436 | 9,831 | |
41 |
39,732 | 43,565 | 32,975 | 21,389 | 11,012 | 14,269 | 7,500 | 7,325 | 1,712 | 4,474 | 3,144 | 1,368 | 2,894 | 2,868 | 1,258 | 1,050 | 452 | 239 | 862 | 610 | |
54/58 |
10,499 | 6,847 | 26,832 | 29,780 | 41,229 | 24,049 | 13,302 | 76,445 | 10,986 | 20,025 | 6,110 | 1,749 | 556 | 962 | 3,106 | 1,790 | 293 | 908 | 7,928 | 1,133 | |
490/1 |
814 | 725 | 478 | 205 | 1,060 | 3,805 | 4,810 | 2,658 | 2,537 | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
56,132 | 60,209 | 63,553 | 76,529 | 100,344 | 85,567 | 119,555 | 130,099 | 80,854 | 85,709 | 14,854 | 3,116 | 9,282 | 9,661 | 10,196 | 14,258 | 8,451 | 8,395 | 19,226 | 11,575 | |
10/15 |
54,232 | 59,112 | 60,217 | 61,808 | 72,586 | 71,640 | 61,425 | 68,407 | 48,533 | 48,294 | 8,662 | 3,116 | 9,282 | 9,661 | 10,196 | 9,816 | 7,759 | 7,920 | 7,071 | 6,922 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
53,048 | 53,048 | 53,048 | 53,048 | 53,048 | 53,048 | 49,576 | 49,576 | 29,702 | 29,702 | 1,225 | 1,225 | 1,225 | 1,225 | 1,225 | 1,225 | 1,225 | 1,225 | 1,225 | 1,225 | |
130/1 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,225 | 1,225 | 1,225 | 1,225 | 1,225 | 1,225 | 1,225 | 1,225 | 1,225 | 1,225 | |
1311 |
634 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
1,225 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
51,189 | 51,189 | 51,189 | 51,189 | 51,189 | 51,189 | 47,717 | 47,717 | 27,843 | 27,843 | - | - | - | - | - | - | - | - | - | - | |
14 |
-17,409 | -12,529 | -11,424 | -9,832 | 946 | - | -6,743 | 239 | 239 | - | -11,156 | -16,701 | -10,536 | -10,156 | -9,621 | -10,002 | -12,059 | -11,897 | -12,747 | -12,895 | |
17/49 |
1,901 | 1,098 | 3,336 | 14,721 | 27,757 | 13,927 | 58,130 | 61,692 | 32,321 | 37,415 | 6,193 | - | - | - | - | 4,442 | 692 | 475 | 12,155 | 4,653 | |
17 |
- | - | - | - | - | - | 5,320 | 11,125 | 16,929 | - | - | - | - | - | - | - | - | - | 4,648 | 4,440 | |
170/4 |
- | - | - | - | - | - | 5,320 | 11,125 | 16,929 | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,648 | 4,440 | |
42/48 |
1,501 | 1,098 | 3,336 | 14,721 | 27,757 | 13,927 | 51,310 | 50,567 | 15,392 | 35,765 | 6,193 | - | - | - | - | 4,442 | 692 | 475 | 7,135 | - | |
42 |
- | - | - | - | - | 5,320 | 5,804 | 5,804 | 5,804 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
686 | 1,098 | 525 | 14,721 | 3,210 | 3,445 | 35,082 | 22,087 | 3,408 | 5,542 | 2,346 | - | - | - | - | 4,442 | 692 | 475 | 7,103 | - | |
440/4 |
686 | 1,098 | 525 | 14,721 | 3,210 | 3,445 | 35,082 | 22,087 | 3,408 | 5,542 | 2,346 | - | - | - | - | 4,442 | 692 | 475 | 7,103 | - | |
45 |
815 | 0 | 2,741 | 0 | 2,110 | 5,162 | 10,365 | 21,307 | 81 | 29,711 | 3,692 | - | - | - | - | - | - | - | 32 | - | |
450/3 |
815 | 0 | 2,741 | - | - | - | 2,327 | 16,212 | 0 | 24,654 | - | - | - | - | - | - | - | - | 32 | - | |
454/9 |
- | - | - | 0 | 2,110 | 5,162 | 8,038 | 5,095 | 81 | 5,057 | 3,692 | - | - | - | - | - | - | - | - | - | |
47/48 |
- | 0 | 71 | 0 | 22,437 | - | 59 | 1,370 | 6,099 | 513 | 154 | - | - | - | - | - | - | - | - | - | |
492/3 |
400 | - | - | - | - | - | 1,500 | - | - | 1,650 | - | - | - | - | - | - | - | - | 373 | 213 | |
| Income statement | |||||||||||||||||||||
76A |
4,132 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
-3,396 | 147 | 203 | -6,573 | 102,730 | 162,268 | 168,196 | 137,989 | 35,358 | 64,928 | 10,085 | -334 | -269 | -523 | 804 | 2,418 | 275 | 1,334 | 4,870 | 1,873 | |
62 |
- | - | 0 | 2,032 | 95,356 | 143,592 | 163,205 | 72,338 | 25,093 | - | - | - | - | - | - | - | - | - | - | - | |
630 |
1,103 | 1,312 | 1,888 | 1,888 | 5,770 | 4,943 | 8,643 | 9,524 | 13,388 | 3,780 | 3,600 | - | - | - | - | - | - | - | - | - | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,000 | 10,000 | |
640/8 |
1,167 | 635 | 277 | 410 | 567 | 1,028 | 2,137 | 4,716 | 1,508 | 1,611 | 1,047 | 5,831 | 98 | - | 410 | 348 | 410 | 476 | 348 | 479 | |
66A |
- | - | - | - | - | - | 3,854 | 17,576 | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
-5,666 | -1,799 | -1,962 | -10,902 | 1,038 | 12,706 | -9,643 | 33,835 | -4,630 | 59,537 | 5,439 | -6,165 | -367 | -523 | 394 | 2,070 | -135 | 858 | 523 | -8,606 | |
75/76B |
863 | 796 | 478 | 205 | 29 | 658 | 2,965 | 1,513 | 296 | 307 | 115 | - | - | - | 1 | - | 0 | 2 | 9 | 4 | |
75 |
863 | 796 | 478 | 205 | 29 | 658 | 2,965 | 1,513 | 296 | 307 | 115 | - | - | - | 1 | - | 0 | 2 | 9 | 4 | |
65/66B |
77 | 101 | 108 | 81 | 121 | 243 | 304 | 126 | 1,483 | 2,592 | 8 | - | 12 | 12 | 15 | 13 | 27 | 10 | 383 | 221 | |
65 |
77 | 101 | 108 | 81 | 121 | 243 | 304 | 126 | 128 | 92 | 8 | - | 12 | 12 | 15 | 13 | 27 | 10 | 383 | 221 | |
66B |
- | - | - | - | - | - | - | - | 1,355 | 2,500 | - | - | - | - | - | - | - | - | - | - | |
9903 |
-4,880 | -1,105 | -1,592 | -10,778 | 946 | 13,120 | -6,982 | 35,222 | -5,817 | 57,251 | 5,545 | -6,165 | -379 | -535 | 380 | 2,057 | -162 | 849 | 148 | -8,823 | |
67/77 |
- | - | - | - | - | 2,905 | - | 15,347 | -6,056 | 17,619 | - | - | - | - | - | - | - | - | - | - | |
9904 |
-4,880 | -1,105 | -1,592 | -10,778 | 946 | 10,215 | -6,982 | 19,874 | 239 | 39,632 | 5,545 | -6,165 | -379 | -535 | 380 | 2,057 | -162 | 849 | 148 | -8,823 | |
9905 |
-4,880 | -1,105 | -1,592 | -10,778 | 946 | 10,215 | -6,982 | 19,874 | 239 | 39,632 | 5,545 | -6,165 | -379 | -535 | 380 | 2,057 | -162 | 849 | 148 | -8,823 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-17,409 | -12,529 | -11,424 | -9,832 | 946 | 3,472 | -6,743 | 20,114 | 239 | 28,476 | -11,156 | -16,701 | -10,536 | -10,156 | -9,621 | -10,002 | -12,059 | -11,897 | -12,747 | -12,895 | |
14P |
-12,529 | -11,424 | -9,832 | 946 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 3,472 | - | 19,874 | - | 28,476 | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | 634 | - | - | - | - | - | - | - | - | - | - | |
6921 |
- | - | - | - | - | 3,472 | - | 19,874 | - | 27,843 | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | - | 3 | 4.1 | 5.9 | 2.7 | 0.8 | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | - | - | 3,822 | 5,097 | 5,912 | 2,911 | 977 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 11 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 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00222707 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00327226 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00168858 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00284223 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20330407 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27900446 | |
| 31-12-2019 | micro format | 25-09-2020 | 2020-55700046 | |
| 31-12-2018 | micro format | 28-06-2019 | 2019-24900314 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-26900111 | |
| 31-12-2016 | micro format | 21-06-2017 | 2017-19700343 | |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-52000554 | |
| 31-12-2014 | abbreviated format | 31-07-2015 | 2015-38300217 | |
| 31-12-2013 | abbreviated format | 02-07-2014 | 2014-25400147 | |
| 31-12-2012 | abbreviated format | 11-07-2013 | 2013-29500183 | |
| 31-12-2011 | abbreviated format | 04-07-2012 | 2012-26400264 | |
| 31-12-2010 | abbreviated format | 05-07-2011 | 2011-26600158 | |
| 31-12-2009 | abbreviated format | 03-07-2010 | 2010-26800130 | |
| 31-12-2008 | abbreviated format | 26-06-2009 | 2009-29600329 | |
| 31-12-2007 | abbreviated format | 07-07-2008 | 2008-37100379 | |
| 31-12-2006 | abbreviated format | 09-07-2007 | 2007-36800359 | |
| 31-12-2005 | abbreviated format | 06-07-2006 | 2006-42503573 | |
| 31-12-2004 | abbreviated format | 28-07-2005 | 2005-56604172 | |
| 31-12-2003 | abbreviated format | 22-12-2004 | 2004-87101879 | |
| 31-12-2002 | abbreviated format | 18-07-2006 | 2006-49104678 | |
| 31-12-2001 | abbreviated format | 29-07-2002 | 2002-43305079 | |
| 31-12-2000 | abbreviated format | 02-08-2001 | 2001-47502848 | |
| 31-12-1999 | abbreviated format | 03-07-2000 | 2000-35802305 | |
| 31-12-1998 | abbreviated format | 09-06-1999 | 1999-16102996 | |
| 31-12-1997 | abbreviated format | 07-08-1998 | 1998-39505265 | |
| 31-12-1996 | abbreviated format | 30-06-1997 | 1997-24502257 | |
| 31-12-1995 | abbreviated format | 01-07-1996 | 1996-28701873 | |
| 31-12-1994 | abbreviated format | 20-07-1995 | 1995-41302837 | |
| 31-12-1993 | abbreviated format | 17-10-1994 | 1994-44200466 | |
| 30-06-1992 | abbreviated format | 24-12-1992 | 1992-41505162 | |
| 30-06-1991 | abbreviated format | 27-12-1991 | 1991-34102962 | |
| 30-06-1990 | abbreviated format | 27-12-1990 | 1990-30201836 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -4,563 | -488 | -74 | -9,014 | 6,807 | 17,649 | -1,000 | 43,358 | 8,758 | 63,317 | 9,039 | - | - | - | - | - | - | - | - | - | ||
| -3,777 | 207 | 296 | -8,890 | 6,716 | 15,158 | 1,661 | 29,398 | 13,627 | 43,412 | 9,145 | - | - | - | - | - | - | - | - | - | ||
| 0 | 0 | 0 | 0 | 7,869 | 0 | 899 | 7,400 | 57,287 | 6,541 | 7,200 | - | - | - | - | - | - | - | - | - | ||
| 3,651 | -19,984 | -2,948 | -11,449 | 17,180 | 10,748 | -63,143 | 65,459 | -9,039 | 13,915 | 4,361 | 1,193 | -406 | -2,144 | 1,316 | 1,497 | -615 | -7,020 | 6,794 | - | ||
| 53,779 | 57,156 | 56,950 | 56,653 | 65,544 | 66,697 | 58,360 | 61,902 | 19,202 | 46,084 | 5,062 | - | - | - | - | 9,816 | 7,759 | 7,920 | 12,091 | - | ||
| 96.6% | 98.2% | 94.8% | 80.8% | 72.3% | 83.7% | 51.4% | 52.6% | 60.0% | 56.3% | 58.3% | - | 100.0% | 100.0% | 100.0% | 68.8% | 91.8% | 94.3% | 36.8% | 59.8% | ||
| 36.82 | 53.07 | 18.07 | 4.85 | 3.36 | 5.79 | 2.14 | 2.22 | 2.25 | 2.29 | 1.82 | - | - | - | - | 3.21 | 12.20 | 17.69 | 2.69 | - | ||
| 0.04 | 0.02 | 0.06 | 0.24 | 0.38 | 0.19 | 0.95 | 0.90 | 0.67 | 0.77 | 0.71 | - | - | - | - | 0.45 | 0.09 | 0.06 | 1.72 | 0.67 | ||
| -9.0% | -1.9% | -2.6% | -17.4% | 1.3% | 14.3% | -11.4% | 29.1% | 0.5% | 82.1% | 64.0% | - | -4.1% | -5.5% | 3.7% | 21.0% | -2.1% | 10.7% | 2.1% | -127.5% | ||
| -8.7% | -1.8% | -2.5% | -14.1% | 0.9% | 11.9% | -5.8% | 15.3% | 0.3% | 46.2% | 37.3% | - | -4.1% | -5.5% | 3.7% | 14.4% | -1.9% | 10.1% | 0.8% | -76.2% | ||
| -59.05 | -4.81 | -0.69 | -111.29 | 56.25 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
Social balance sheet
| Item | 31-12-2021 |
|---|---|
| 3 | |
| Joined | 0 |
| Left | 4 |
Source: social balance sheet in the 2021 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €7,869 |
| Financial fixed assets | €0 | - | - | - | - |
| €1,103 | €1,312 | €1,888 | €1,888 | €5,770 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on EMA CONSTRUCT
The operating result for 2025 is a loss of €5,666, larger than the loss of €1,799 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 1.8% to 3.4%. Equity is lower and debt is higher.