EMIDINE
Dissolution or liquidationFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 39 days after the deadline Filed on 8 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00508509.
Annual accounts 2025 filed on 08-09-2026 at the NBB all 15 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,624
2025 · €986,444
Working capital
€2.7m▼ 66.7%
2025 · €8.1m
Multi-year overview
2018 to 2025, 9 financial yearsOperating result
-€2,642
2025
20182025
Net result
-€3,624
2025
20182025
Equity
€2.7m
2025
20182025
Total assets
€2.9m
2025
20182025
Debt
€198,271
2025
20182025
Working capital
€2.7m
2025
20182025
Staff (FTE)
0
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252025
Operating result-€0.006m--€0.02m▼ 275%-€0.02m▼ 11.6%-€0.04m▼ 88.6%-€0.03m▲ 25.5%-€0.009m▲ 71.8%-€0.03m▼ 177%-€0.02m▲ 10.2%-€0.003m-
Net result€0.3m-€0.7m▲ 152%€0.1m▼ 83.3%€0.2m▲ 62.1%€2.4m▲ 13×€0.3m▼ 87.0%€0.1m▼ 52.7%€1.0m▲ 565%-€0.004m-
Equity€5.4m-€6.1m▲ 12.5%€6.1m▼ 0.1%€6.3m▲ 3.0%€6.7m▲ 6.5%€7.0m▲ 4.7%€7.1m▲ 2.1%€8.1m▲ 13.8%€2.7m-
Total assets€8.9m-€9.2m▲ 3.7%€9.4m▲ 1.2%€9.2m▼ 1.9%€9.0m▼ 2.2%€7.2m▼ 20.2%€7.3m▲ 2.1%€8.3m▲ 13.7%€2.9m-
Debt€3.5m-€3.1m▼ 10.0%€3.3m▲ 3.8%€2.9m▼ 10.9%€2.3m▼ 20.9%€0.2m▼ 92.3%€0.2m▲ 3.0%€0.2m▲ 7.5%€0.2m-
Working capital€3.9m-€6.6m▲ 68.1%€6.6m▼ 0.1%€6.0m▼ 9.0%€6.1m▲ 2.0%€6.7m▲ 8.6%€6.8m▲ 2.9%€8.1m▲ 18.9%€2.7m-
Staff (FTE)000-
Several financial years end in the same calendar year, so there is no annual trend.
Large changes and their cause
- 2025 Net result +565% on 2024. The accounts now follow the abbreviated format, last year the full format.
- 2023 Net result -87% on 2022. The accounts now follow the full format, last year the micro format.
- 2022 Net result +1,217% on 2021. The accounts now follow the micro format, last year the full format.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Assets €2.9m
Fixed assets
€10,572 =
Current assets
€2.9m ▼ 65.3%
Equity and liabilities €2.9m
Equity
€2.7m ▼ 66.8%
Debt
€198,271 ▲ 1.4%
Debt's share of the balance-sheet total rises from 2.4% to 6.9%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
16.51▼
2025 · 48.34
Debt to equity
0.07▲
2025 · 0.02
ROE
-0.1%▼
2025 · 12.1%
ROA
-0.1%▼
2025 · 11.9%
Debt ≤ 1 year
€174,601▲
2025 · €171,959
Debt > 1 year
€22,672=
2025 · €22,672
Income taxes
€0▼
2025 · €123,750
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 23-12-2025 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | €16,957 | - | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0 | €0.001m | €0.002m | €0 | - |
| Gross operating margin9900 | -€0.005m | -€0.02m | -€0.02m | -€0.04m | -€0.03m | -€0.009m | -€0.02m | -€0.02m | -€0.003m | - |
| Operating profit (loss)9901 | -€0.006m | -€0.02m | -€0.02m | -€0.04m | -€0.03m | -€0.009m | -€0.03m | -€0.02m | -€0.003m | - |
| Financial income75/76B | - | - | - | €0.3m | €3.0m | €0.3m | €0.2m | €1.4m | €478 | - |
| Recurring financial income75 | €1.3m | €1.2m | €0.4m | €0.3m | €0.8m | €0.3m | €0.2m | €1.4m | €478 | - |
| Non-recurring financial income76B | - | - | - | - | €2.1m | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.07m | €0.3m | -€0.02m | €0.04m | €0.2m | €0.001m | - |
| Recurring financial charges65 | €0.7m | €0.4m | €0.2m | €0.07m | €0.3m | -€0.02m | €0.03m | €0.2m | €0.001m | - |
| Non-recurring financial charges66B | - | - | - | - | - | - | €0.01m | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.8m | €0.1m | €0.2m | €2.7m | €0.3m | €0.2m | €1.1m | -€0.004m | - |
| Income taxes67/77 | €0.3m | €0.2m | €0.01m | €0.03m | €0.3m | €0.03m | €0.01m | €0.1m | €0 | - |
| Profit (loss) for the period9904 | €0.3m | €0.7m | €0.1m | €0.2m | €2.4m | €0.3m | €0.1m | €1.0m | -€0.004m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.7m | €0.1m | €0.2m | €2.4m | €0.3m | €0.1m | €1.0m | -€0.004m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €8.9m | €9.2m | €9.4m | €9.2m | €9.0m | €7.2m | €7.3m | €8.3m | €2.9m | - |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €4.6m | €2.6m | €2.6m | €3.1m | €0.6m | €0.4m | €0.3m | €0.01m | €0.01m | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €4.6m | €2.6m | €2.6m | €3.1m | €0.6m | €0.4m | €0.3m | €0.01m | €0.01m | - |
| Current assets29/58 | €4.3m | €6.7m | €6.8m | €6.0m | €8.4m | €6.8m | €7.0m | €8.3m | €2.9m | - |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.5m | €0.5m | €0.6m | €0.1m | €0.08m | €0.09m | €0.1m | €0.02m | €0.02m | - |
| Other amounts receivable41 | - | - | - | €0.1m | €0.08m | €0.09m | €0.1m | €0.02m | €0.02m | - |
| Current investments50/53 | €3.3m | €5.6m | €5.8m | €5.7m | €3.6m | €6.6m | €6.8m | €0.2m | €0.4m | - |
| Cash at bank and in hand54/58 | €0.5m | €0.5m | €0.3m | €0.2m | €4.7m | €0.1m | €0.1m | €8.1m | €2.5m | - |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - | - | - | - | - |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €8.9m | €9.2m | €9.4m | €9.2m | €9.0m | €7.2m | €7.3m | €8.3m | €2.9m | - |
| Equity10/15 | €5.4m | €6.1m | €6.1m | €6.3m | €6.7m | €7.0m | €7.1m | €8.1m | €2.7m | - |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | - |
| Capital10 | - | - | - | €0.06m | - | - | - | - | - | - |
| Issued capital100 | - | - | - | €0.06m | - | - | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €0.06m | - | - | - | - |
| Other1109/19 | - | - | - | - | - | €0.06m | - | - | - | - |
| Reserves13 | €5.4m | €6.0m | €6.0m | €6.2m | €6.6m | €6.9m | €7.1m | €8.1m | €8.1m | - |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0 | - | - | - | - | - |
| Legal reserve130 | - | - | - | €0.006m | - | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €6.2m | €6.6m | €6.9m | €7.1m | €8.1m | €8.1m | - |
| Profit (loss) carried forward14 | €0 | - | - | - | €0 | €0 | - | - | -€0.004m | - |
| Advance to shareholders on the distribution of net assets19 | - | - | - | - | - | - | - | - | €5.4m | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €3.5m | €3.1m | €3.3m | €2.9m | €2.3m | €0.2m | €0.2m | €0.2m | €0.2m | - |
| Amounts payable after more than one year17 | €3.1m | €3.1m | €3.1m | €2.9m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | - |
| Other amounts payable178/9 | - | - | - | €2.9m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | - |
| Amounts payable within one year42/48 | €0.4m | €0.04m | €0.2m | €0.04m | €2.3m | €0.2m | €0.2m | €0.2m | €0.2m | - |
| Trade debts44 | €0.004m | €0.004m | €0.004m | €0.004m | €0.005m | €0.002m | €0.007m | €0.003m | €0.006m | - |
| Suppliers440/4 | - | - | - | €0.004m | €0.005m | €0.002m | €0.007m | €0.003m | €0.006m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.8m | €0.2m | €0.2m | €0.2m | €0.2m | - |
| Taxes450/3 | - | - | - | €0.02m | €0.8m | €0.2m | €0.2m | €0.2m | €0.2m | - |
| Other amounts payable47/48 | - | - | - | €0.01m | €1.4m | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €0.001m | €0.001m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.7m | €0.1m | €0.2m | €2.4m | €0.3m | €0.1m | €1.0m | -€0.004m | - |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €0.3m | €0.7m | €0.1m | €0.2m | €2.4m | €0.3m | €0.1m | €1.0m | -€0.004m | - |
| Investment in fixed assets (approximation) | - | €2.0m | €0 | -€0.5m | €2.6m | €0.2m | €0.05m | €0.3m | - | - |
| Change in cash | - | -€0.02m | -€0.2m | -€0.1m | €4.6m | -€4.6m | -€0.009m | €8.0m | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-09-2026 | 2026-00508509 | |
| 23-12-2025 | abbreviated format | 31-07-2026 | 2026-00366912 | |
| 31-12-2024 | full format | 20-08-2025 | 2025-00387340 | |
| 31-12-2023 | full format | 28-08-2024 | 2024-00385655 | |
| 31-12-2022 | micro format | 30-05-2023 | 2023-00097943 | |
| 31-12-2021 | full format | 11-07-2022 | 2022-20177165 | |
| 31-12-2020 | full format | 06-07-2021 | 2021-31300450 | |
| 31-12-2019 | full format | 09-07-2020 | 2020-28000213 | |
| 31-12-2018 | full format | 20-06-2019 | 2019-20600385 | |
| 31-12-2017 | full format | 28-06-2018 | 2018-25800142 |