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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EMOCARS from Eupen, company number BE0431509646, closed financial year 2025 with a result of € -255,903 after tax. For that financial year EMOCARS recorded a gross margin of € 97,724 and equity of € -1.1 million. Compared with financial year 2024, the result moved from € -377,947 to € -255,903. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2026.
€ -1.1 million
▼ € 255,903 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -255,903
▲ 32 % less loss than in 2024
Profit after tax over the fiscal year.
€ 645
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
People and assets in 2025
3
Average over the fiscal year, from the social balance sheet.
€ 173,079
▲ 7% vs 2024
€ 57,700 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.
€ 64,741
▲ 71% vs 2024
Of which on lease € 38,334.
Debts at end 2025
€ 670,057
▲ 5% vs 2024
€ 6,246 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 46,546
▼ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 90,645
▲ € 73,111 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 88,702 | € 29,189 | € -72,310 | € 97,724 | ▲ € 170,034 |
| Profit after taxes | € -137,684 | € -257,704 | € -377,947 | € -255,903 | ▲ € 122,044 |
| Equity | € -215,822 | € -473,527 | € -851,473 | € -1,107,376 | ▼ € 255,903 |
| Total debts | € 2,078,585 | € 1,994,415 | € 2,420,941 | € 3,430,315 | ▲ 42% |
| Cash | € 5,206 | € 2,685 | € 1,405 | € 645 | ▼ 54% |
| Retained profit | € -320,822 | € -578,527 | € -956,473 | € -1,212,376 | ▼ € 255,903 |
| Bank debt | € 650,236 | € 643,641 | € 640,000 | € 670,057 | ▲ 5% |
| Balance sheet total | € 1,862,762 | € 1,520,888 | € 1,569,467 | € 2,322,938 | ▲ 48% |
| Employees (FTE) | 3 | - | 3 | 3 |
Key figures of EMOCARS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to EMOCARS?
What happened at EMOCARS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 255,903. filed late Source: NBB ↗
- Patrick EMONTSPOOL stepped down as director. NBB
- New establishment in Eupen. KBO
- New establishment in Eupen. KBO
- Patrick EMONTSPOOL became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 137,684 loss in 2022 to € 255,903 loss in 2025.
On average € 32,600 of value added per employee in 2025.
Management
The stake of AMADOR comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EMOCARSThe shares are held by AMADOR (100%).
Directors
According to the 2025 annual accounts
since 2001 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kügelgasse 7
4700 Eupen
Rue de Herbesthal 62
4700 Eupen
Active since 10 March 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.509.646
- VAT number
- BE 0431.509.646
- Registered office
- Kügelgasse 7, 4700 Eupen
- Names & denominations
- EMOCARS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 1987
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Verhuur van auto's
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Activiteiten van syndici van onroerend goed
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in andere motorvoertuigen (> 3,5 ton)
+3