Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 8.2 to 4.7.
Financials
Financial year 2025
emr from Lievegem, company number BE0423372435, closed financial year 2025 with a result of € 47,296 after tax. For that financial year emr recorded a gross margin of € 473,651 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 5,920 to € 47,296. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 27, 2026.
€ 1.1 million
▲ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 47,296
▲ € 41,377 vs 2024
Profit after tax over the fiscal year.
€ 29,316
▲ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 60,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
4.7
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 226,629
▼ 25% vs 2024
€ 48,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,808
▼ 78% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 684,179
▼ 11% vs 2024
€ 57,661 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 698,790
▲ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 156,851
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 537,336 | € 535,221 | € 497,293 | € 473,651 | ▼ 5% |
| Profit after taxes | € 12,859 | € 23,487 | € 5,920 | € 47,296 | ▲ € 41,377 |
| Equity | € 754,315 | € 777,803 | € 783,722 | € 1,071,019 | ▲ 37% |
| Total debts | € 2,202,139 | € 2,074,899 | € 1,945,278 | € 1,801,826 | ▼ 7% |
| Cash | € 92,481 | € 63,795 | € 20,036 | € 29,316 | ▲ 46% |
| Land & buildings | € 651,872 | € 622,308 | € 592,663 | € 563,098 | ▼ 5% |
| Retained profit | € 654,315 | € 677,803 | € 683,722 | € 671,019 | ▼ 2% |
| Dividend | € 0 | € 0 | € 0 | € 60,000 | |
| Bank debt | € 1,029,541 | € 899,982 | € 767,621 | € 684,179 | ▼ 11% |
| Balance sheet total | € 2,995,197 | € 2,874,172 | € 2,733,198 | € 2,893,345 | ▲ 6% |
| Employees (FTE) | 8.2 | 8.2 | 5.5 | 4.7 | ▼ 0.8 |
Key figures of emr, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to emr?
What happened at emr in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vogcap NV stepped down as director. NBB
- Mario Bryon stepped down as director. NBB
- Jacques Bryon stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 47,296 (▲ € 41,377 vs 2024). Source: NBB ↗
- Mario Bryon became a director. NBB
- Gevaru NV stepped down as director. NBB
- Vogcap NV became a director. NBB
- Gevaru NV became a director. NBB
In short
From € 12,859 profit in 2022 to € 47,296 profit in 2025.
Paid € 94,036 in corporate taxes since 2022.
Best year ever: 2025, with € 47,296 profit.
On average € 100,800 of value added per employee in 2025.
Management
The stake of Vogcap, GEVARU comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
emrThe shares are held by Vogcap (85.5%) and GEVARU (14.5%).
Directors
According to the 2025 annual accounts
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kruisstraat 61C
9930 Lievegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0423.372.435
- VAT number
- BE 0423.372.435
- Registered office
- Kruisstraat 61C, 9930 Lievegem
- Names & denominations
- emr
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 1982
- Peppol
- Active · Active since 26 Jun 2025
- Contact
- nvemr.be
- Activities · NACE
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