EMR CONSTRUCT
Annual accounts 2025
abbreviated format, filed on 10-08-2026, 10 days lateThe turnover shown is an estimate from the gross margin.
Turnover ≈ €1.9m. Estimated: probably between €1.3m and €3.1m.
Balance sheet
balance sheet total €1.1m on 31-12-2025in euro
in euro
Position in the sector
33.8%
Higher than 44% of 529 companies in 2025.
1.27
Higher than 39% of 520 companies in 2025.
20.8%
Higher than 86% of 519 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff
€47,866
Staff costs divided by the average number of full-time equivalents.
+2 people
In 2025, 5 people joined and 3 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
1.1m | 1.0m | 1.0m | 265,460 | |
21/28 |
569,150 | 580,683 | 579,798 | 115,943 | |
22/27 |
550,125 | 561,658 | 560,798 | 115,943 | |
22 |
364,574 | 372,575 | 380,577 | - | |
23 |
61,276 | 75,278 | 98,824 | 105,354 | |
24 |
123,469 | 112,699 | 79,991 | 10,589 | |
26 |
806 | 1,106 | 1,406 | - | |
28 |
19,025 | 19,025 | 19,000 | - | |
29/58 |
572,200 | 438,658 | 425,188 | 149,517 | |
40/41 |
283,519 | 263,001 | 347,791 | 94,087 | |
40 |
76,052 | 157,792 | 302,022 | 79,689 | |
41 |
207,467 | 105,209 | 45,770 | 14,398 | |
54/58 |
278,961 | 170,669 | 65,916 | 53,144 | |
490/1 |
9,720 | 4,988 | 11,481 | 2,286 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
1.1m | 1.0m | 1.0m | 265,460 | |
10/15 |
385,662 | 297,766 | 320,297 | 171,409 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
13 |
50,000 | 100,000 | 100,000 | 50,000 | |
133 |
50,000 | 100,000 | 100,000 | 50,000 | |
14 |
330,662 | 192,766 | 215,297 | 116,409 | |
17/49 |
755,688 | 721,575 | 684,689 | 94,051 | |
17 |
305,409 | 359,033 | 347,050 | - | |
170/4 |
305,409 | 359,033 | 347,050 | - | |
42/48 |
450,280 | 362,542 | 337,640 | 94,051 | |
42 |
79,742 | 116,343 | 37,816 | - | |
44 |
90,487 | 172,291 | 223,182 | 13,885 | |
440/4 |
90,487 | 172,291 | 223,182 | 13,885 | |
46 |
24,144 | - | - | - | |
45 |
124,157 | 73,908 | 76,641 | 51,544 | |
450/3 |
101,785 | 56,212 | 60,761 | 47,455 | |
454/9 |
22,372 | 17,696 | 15,880 | 4,089 | |
47/48 |
131,750 | - | - | 28,622 | |
| Income statement | |||||
9900 |
1.1m | 572,200 | 711,000 | 322,153 | |
62 |
607,895 | 487,165 | 437,543 | 96,044 | |
630 |
84,526 | 71,572 | 58,912 | 11,763 | |
640/8 |
5,091 | 6,161 | 2,619 | 434 | |
9901 |
397,690 | 7,301 | 211,926 | 213,911 | |
75/76B |
3,573 | 6 | 318 | 1 | |
75 |
3,573 | 6 | 318 | 1 | |
65/66B |
79,832 | 29,036 | 7,144 | 48 | |
65 |
79,832 | 29,036 | 7,144 | 48 | |
9903 |
321,430 | -21,729 | 205,100 | 213,864 | |
67/77 |
83,535 | 802 | 56,212 | 47,455 | |
9904 |
237,896 | -22,531 | 148,888 | 166,409 | |
9905 |
237,896 | -22,531 | 148,888 | 166,409 | |
| Appropriation of the result | |||||
9906 |
430,662 | 192,766 | 265,297 | 166,409 | |
14P |
192,766 | 215,297 | 116,409 | - | |
791/2 |
50,000 | - | - | - | |
691/2 |
- | - | 50,000 | 50,000 | |
6921 |
- | - | 50,000 | 50,000 | |
694/7 |
150,000 | - | - | - | |
694 |
150,000 | - | - | - | |
| Social balance sheet | |||||
9087 |
12.7 | 12 | 10.8 | 2.6 | |
Hours worked1013 |
17,552 | 14,696 | 13,800 | 3,768 | |
| Document | |||||
The notes to these accounts have 18 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 10-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 10 days after the deadline. Filed on 10 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00390715.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 482,216 | 78,874 | 270,838 | 225,674 | ||
| 322,422 | 49,042 | 207,800 | 178,172 | ||
| 76,077 | 72,458 | 522,766 | 126,541 | ||
| 108,292 | 104,753 | 12,772 | - | ||
| 121,920 | 76,116 | 87,549 | 55,465 | ||
| 33.8% | 29.2% | 31.9% | 64.6% | ||
| 1.27 | 1.21 | 1.26 | 1.59 | ||
| 1.96 | 2.42 | 2.14 | 0.55 | ||
| 61.7% | -7.6% | 46.5% | 97.1% | ||
| 20.8% | -2.2% | 14.8% | 62.7% | ||
| 6.04 | 2.72 | 37.91 | over 100 |
EBIT margin: not included in this filing.
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 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 13 | 11 | 12 | 3 |
| full-time | 12 | 11 | 12 | 3 |
| part-time | 1 | - | - | - |
| in full-time equivalents | 12.5 | 11 | 12 | 3 |
| 12.7 | 12 | 10.8 | 2.6 | |
| On a permanent contract | 13 | 11 | 12 | 3 |
| Joined | 5 | 9 | 23 | 6 |
| Left | 3 | 10 | 14 | 3 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €410,150 | - | - | - |
| Mortgages, amount registered | €25,000 | - | - | - |
| €255,000 | - | - | - | |
| Carrying value of the mortgaged assets | €364,574 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €76,077 | €72,433 | €503,766 | €126,541 |
| Financial fixed assets | - | €25 | €19,000 | - |
| €84,526 | €71,572 | €58,912 | €11,763 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on EMR CONSTRUCT
The operating result for 2025 is over 54 times that of 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 70.8% to 66.2%. Equity and debt are higher.
- 2023 Staff (FTE) +315% on 2022. The accounts now follow the full format, last year the micro format.