EMARN
Annual accounts 2025
micro format, filed on 17-06-2026, 44 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €890,000. Estimated: probably between €620,000 and €1.3m.
Balance sheet
balance sheet total €137,488 on 31-12-2025in euro
in euro
Position in the sector
-15.6%
Higher than 17% of 22,924 companies in 2025.
0.10
Lower than 95% of 22,052 companies in 2025.
-4.7%
Higher than 23% of 22,202 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff
€23,728
Staff costs divided by the average number of full-time equivalents.
+1 person
In 2025, 9 people joined and 8 left.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
137,488 | 149,445 | 126,895 | 50,153 | 68,598 | 12,898 | 9,945 | 8,564 | 9,415 | 8,546 | 12,597 | 25,266 | 22,743 | 30,880 | 48,277 | |
21/28 |
129,454 | 131,959 | 96,953 | 34,264 | 38,612 | 6,687 | 5,486 | 6,140 | 5,759 | 5,832 | 9,626 | 12,324 | 10,938 | 18,251 | 21,873 | |
22/27 |
126,065 | 128,570 | 93,564 | 30,875 | 35,223 | 3,537 | 2,336 | 2,990 | 3,159 | 3,232 | 7,026 | 9,724 | 8,338 | 15,651 | 19,273 | |
23 |
104,181 | 106,410 | 68,653 | 570 | 878 | 1,384 | 1,890 | 2,396 | 2,902 | 2,717 | 5,884 | 6,841 | 4,849 | 5,226 | 5,859 | |
24 |
21,884 | 22,160 | 24,911 | 30,305 | 34,345 | 2,153 | 446 | 594 | 257 | 515 | 1,142 | 2,883 | 3,489 | 10,425 | 13,414 | |
28 |
3,389 | 3,389 | 3,389 | 3,389 | 3,389 | 3,150 | 3,150 | 3,150 | 2,600 | 2,600 | 2,600 | 2,600 | 2,600 | 2,600 | 2,600 | |
29/58 |
8,034 | 17,486 | 29,942 | 15,889 | 29,986 | 6,211 | 4,459 | 2,424 | 3,656 | 2,714 | 2,971 | 12,942 | 11,805 | 12,629 | 26,404 | |
3 |
2,191 | 5,483 | 2,786 | 3,763 | 2,957 | 1,922 | 3,335 | 2,164 | 2,003 | 1,584 | 2,219 | 4,573 | 5,670 | 6,760 | 16,443 | |
30/36 |
2,191 | 5,483 | 2,786 | 3,763 | 2,957 | 1,922 | 3,335 | 2,164 | 2,003 | 1,584 | 2,219 | 4,573 | 5,670 | 6,760 | 16,443 | |
40/41 |
1,400 | 2,597 | 5,279 | - | 11,391 | 448 | 50 | - | - | - | - | - | - | 1,477 | 1,226 | |
40 |
1,400 | - | - | - | 2,500 | - | - | - | - | - | - | - | - | 1,183 | 1,078 | |
41 |
- | 2,597 | 5,279 | - | 8,891 | 448 | 50 | - | - | - | - | - | - | 294 | 148 | |
54/58 |
4,443 | 9,406 | 21,877 | 12,126 | 15,269 | 3,841 | 1,074 | 202 | 1,653 | 1,130 | 752 | 8,369 | 6,135 | 4,392 | 8,520 | |
490/1 |
- | - | - | - | 369 | - | - | 58 | - | - | - | - | - | - | 215 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
137,488 | 149,445 | 126,895 | 50,153 | 68,598 | 12,898 | 9,945 | 8,564 | 9,415 | 8,546 | 12,597 | 25,266 | 22,743 | 30,880 | 48,277 | |
10/15 |
-21,496 | -15,074 | -17,299 | 5,380 | 12,801 | -3,093 | 2,692 | -298 | -4,944 | -13,809 | -16,043 | 1,978 | 1,966 | -16,638 | -258 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 12,400 | 12,400 | |
11 |
- | - | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | |
13 |
1,247 | 1,247 | 1,247 | 1,247 | 1,247 | 1,247 | 1,247 | 1,098 | 866 | 423 | 311 | 311 | 310 | - | - | |
130/1 |
- | - | - | 1,247 | 1,247 | 1,247 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,247 | 1,247 | 1,098 | 866 | 423 | 311 | 311 | 310 | - | - | |
1311 |
- | - | - | 1,247 | 1,247 | - | - | - | - | - | - | - | - | - | - | |
133 |
1,247 | 1,247 | 1,247 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-41,343 | -34,921 | -37,146 | -14,467 | -7,046 | -22,940 | -17,155 | -19,996 | -24,410 | -32,832 | -34,954 | -16,933 | -16,944 | -22,838 | -6,458 | |
17/49 |
158,984 | 164,519 | 144,194 | 44,773 | 55,797 | 15,991 | 7,253 | 8,862 | 14,359 | 22,355 | 28,640 | 23,288 | 20,777 | 47,518 | 48,535 | |
17 |
77,500 | - | - | - | - | - | - | - | - | - | 2,830 | 5,085 | 2,729 | 8,417 | 13,715 | |
170/4 |
77,500 | - | - | - | - | - | - | - | - | - | 2,830 | 5,085 | 2,729 | 8,417 | 13,715 | |
42/48 |
81,484 | 164,519 | 144,194 | 44,773 | 55,797 | 15,991 | 7,253 | 8,862 | 14,359 | 22,355 | 25,810 | 18,203 | 18,048 | 39,101 | 34,820 | |
42 |
52,251 | 135,652 | 121,717 | 32,329 | 41,231 | 10,000 | 3,623 | 4,491 | 4,688 | 6,716 | 10,086 | 8,878 | 1,523 | 5,297 | 5,018 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,138 | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,138 | - | |
44 |
3,093 | 2,509 | 1,297 | 1,141 | 47 | 12 | - | 680 | 1,280 | 2,366 | 2,167 | 4,180 | 2,289 | 880 | 3,942 | |
440/4 |
3,093 | 2,509 | 1,297 | 1,141 | 47 | 12 | - | 680 | 1,280 | 2,366 | 2,167 | 4,180 | 2,289 | 661 | 3,942 | |
441 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 219 | - | |
45 |
21,709 | 18,240 | 5,065 | 2,050 | 1,523 | - | 1,820 | 952 | 1,312 | 3,763 | 6,497 | 4,845 | 4,236 | 1,792 | 1,497 | |
450/3 |
12,615 | 5,131 | - | 324 | - | - | 1,820 | 952 | 1,312 | 3,763 | 6,497 | 4,845 | 4,236 | 563 | 912 | |
454/9 |
9,094 | 13,109 | 5,065 | 1,726 | 1,523 | - | - | - | - | - | - | - | - | 1,229 | 585 | |
47/48 |
4,431 | 8,118 | 16,115 | 9,253 | 12,996 | 5,979 | 1,810 | 2,739 | 7,079 | 9,510 | 7,060 | 300 | 10,000 | 28,994 | 24,363 | |
| Income statement | ||||||||||||||||
76A |
2,321 | 400 | 1,729 | - | 8,500 | 8,000 | 482 | 382 | - | 271 | 33 | - | 722 | - | - | |
9900 |
83,856 | 112,620 | 31,519 | 37,407 | 38,296 | -3,788 | 5,198 | 7,067 | 11,015 | 8,520 | -11,055 | 11,079 | 20,397 | -3,366 | 2,351 | |
62 |
71,185 | 93,467 | 44,457 | 34,458 | 17,119 | - | - | - | - | - | - | 303 | 4,023 | 7,636 | 5,191 | |
630 |
17,475 | 16,336 | 8,975 | 8,179 | 4,409 | 846 | 655 | 912 | 763 | 3,794 | 2,698 | 7,849 | 7,598 | 3,971 | 2,891 | |
640/8 |
180 | 23 | 283 | 180 | 480 | 450 | 460 | 150 | 300 | 400 | 250 | 1,230 | 1,179 | 460 | 113 | |
66A |
367 | 69 | 124 | 1,632 | 13 | 133 | 269 | 847 | 78 | 595 | 1,925 | 81 | 359 | - | - | |
9901 |
-5,351 | 2,725 | -22,320 | -7,042 | 16,275 | -5,217 | 3,814 | 5,158 | 9,874 | 3,731 | -14,003 | 1,697 | 7,597 | -15,433 | -5,844 | |
75/76B |
2 | - | - | - | - | - | - | - | - | - | 4 | 1 | 7 | 11 | 18 | |
75 |
2 | - | - | - | - | - | - | - | - | - | 4 | 1 | 7 | 11 | 18 | |
65/66B |
1,073 | 500 | 358 | 379 | 381 | 568 | 824 | 512 | 1,009 | 1,497 | 2,048 | 1,604 | 1,763 | 958 | 632 | |
65 |
1,073 | 500 | 358 | 379 | 381 | 568 | 824 | 512 | 1,009 | 1,497 | 2,048 | 1,604 | 1,763 | 958 | 632 | |
9903 |
-6,422 | 2,225 | -22,678 | -7,421 | 15,894 | -5,785 | 2,990 | 4,646 | 8,865 | 2,234 | -17,939 | 13 | 6,204 | -16,380 | -6,458 | |
67/77 |
- | - | - | - | - | - | - | - | - | - | 82 | 1 | - | - | - | |
9904 |
-6,422 | 2,225 | -22,678 | -7,421 | 15,894 | -5,785 | 2,990 | 4,646 | 8,865 | 2,234 | -18,021 | 12 | 6,204 | -16,380 | -6,458 | |
9905 |
-6,422 | 2,225 | -22,678 | -7,421 | 15,894 | -5,785 | 2,990 | 4,646 | 8,865 | 2,234 | -18,021 | 12 | 6,204 | -16,380 | -6,458 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-41,343 | -34,921 | -37,146 | -14,467 | -7,046 | -22,940 | -17,006 | -19,764 | -23,967 | -32,720 | -34,954 | -16,932 | -16,634 | -22,838 | -6,458 | |
14P |
-34,921 | -37,146 | -14,468 | -7,046 | -22,940 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 149 | 232 | 443 | 112 | - | 1 | 310 | - | - | |
6920 |
- | - | - | - | - | - | 149 | 232 | 443 | 112 | - | 1 | 310 | - | - | |
| Social balance sheet | ||||||||||||||||
9087 |
3 | 2 | 1 | 1 | 0.5 | - | - | - | - | - | - | - | 0.2 | 0.2 | 0.2 | |
Hours worked1013 |
3,806 | 1,980 | 2,065 | 1,779 | 958 | - | - | - | - | - | - | - | 224 | 314 | 314 | |
| Document | ||||||||||||||||
The notes to these accounts have 9 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 17-06-2026.
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 | 17-06-2026 | 2026-00185149 | |
| 31-12-2024 | micro format | 02-06-2025 | 2025-00123991 | |
| 31-12-2023 | micro format | 27-05-2024 | 2024-00107053 | |
| 31-12-2022 | micro format | 29-05-2023 | 2023-00104579 | |
| 31-12-2021 | micro format | 30-05-2022 | 2022-20040399 | |
| 31-12-2020 | micro format | 31-05-2021 | 2021-17100225 | |
| 31-12-2019 | micro format | 03-06-2020 | 2020-15300292 | |
| 31-12-2018 | micro format | 12-07-2019 | 2019-32600101 | |
| 31-12-2017 | micro format | 29-05-2018 | 2018-15300007 | |
| 31-12-2016 | micro format | 31-05-2017 | 2017-14400106 | |
| 31-12-2015 | full format | 30-05-2016 | 2016-15100424 | |
| 31-12-2014 | full format | 31-05-2015 | 2015-14100275 | |
| 31-12-2013 | full format | 04-06-2014 | 2014-16000303 | |
| 31-12-2012 | full format | 30-08-2013 | 2013-55600481 | |
| 31-12-2011 | full format | 24-09-2012 | 2012-57300421 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12,124 | 19,061 | -13,345 | 1,137 | 20,684 | -4,371 | 4,469 | 6,070 | 10,637 | 7,525 | -11,305 | 9,546 | 15,195 | -11,462 | -2,953 | ||
| 11,053 | 18,561 | -13,703 | 758 | 20,303 | -4,939 | 3,645 | 5,558 | 9,628 | 6,028 | -15,323 | 7,861 | 13,802 | -12,409 | -3,567 | ||
| 14,970 | 51,342 | 71,664 | 3,831 | 36,334 | 2,047 | 1 | 1,293 | 690 | 0 | 0 | 9,235 | 285 | 349 | 24,764 | ||
| -4,963 | -12,471 | 9,751 | -3,143 | 11,428 | 2,767 | 872 | -1,451 | 523 | 378 | -7,617 | 2,234 | 1,743 | -4,128 | - | ||
| -73,450 | -147,033 | -114,252 | -28,884 | -25,811 | -9,780 | -2,794 | -6,438 | -10,703 | -19,641 | -22,839 | -5,261 | -6,243 | -26,472 | -8,416 | ||
| -15.6% | -10.1% | -13.6% | 10.7% | 18.7% | -24.0% | 27.1% | -3.5% | -52.5% | -161.6% | -127.4% | 7.8% | 8.6% | -53.9% | -0.5% | ||
| 0.10 | 0.11 | 0.21 | 0.35 | 0.54 | 0.39 | 0.61 | 0.27 | 0.25 | 0.12 | 0.12 | 0.71 | 0.65 | 0.32 | 0.76 | ||
| 0.07 | 0.07 | 0.19 | 0.27 | 0.48 | 0.27 | 0.15 | 0.03 | 0.12 | 0.05 | 0.03 | 0.46 | 0.34 | 0.15 | 0.29 | ||
| - | - | - | 8.32 | 4.36 | - | 2.69 | - | - | - | - | 11.77 | 10.57 | - | - | ||
| - | - | - | -137.9% | 124.2% | - | 111.1% | - | - | - | - | 0.6% | 315.6% | - | - | ||
| -4.7% | 1.5% | -17.9% | -14.8% | 23.2% | -44.9% | 30.1% | 54.3% | 94.2% | 26.1% | -143.1% | 0.0% | 27.3% | -53.0% | -13.4% | ||
| 11.30 | 38.12 | -37.28 | 3.00 | 54.29 | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | - | 1 | 1 | 1 |
| full-time | 1 | - | 1 | 1 | 1 |
| part-time | 3 | - | - | - | - |
| in full-time equivalents | 2.2 | - | 1 | 1 | 1 |
| 2.2 | 2 | 1 | 1 | 0.5 | |
| On a permanent contract | 4 | - | 1 | 1 | 1 |
| Joined | 9 | 6 | 1 | 1 | 1 |
| Left | 8 | 7 | 0 | 0 | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Overdue debts
tax and social security| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Overdue tax debts | €12,615 | - | - | - | - |
| Overdue social security (RSZ) debts | €9,094 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €14,970 | €51,342 | €71,664 | €3,831 | €36,095 |
| Financial fixed assets | - | - | - | - | €239 |
| €17,475 | €16,336 | €8,975 | €8,179 | €4,409 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on EMARN
The operating result for 2025 is a loss of €5,351, after a profit of €2,725 in 2024.
Equity is negative. Debt (€158,984) exceeds the balance-sheet total (€137,488).