Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2024.
Financials
Financial year 2024
EUROPEAN MARKET DEVELOPMENT from Antwerpen, company number BE0436908487, closed financial year 2024 with a result of € -102,617 after tax. For that financial year EUROPEAN MARKET DEVELOPMENT recorded a gross margin of € 237,389 and equity of € 1.4 million. Compared with financial year 2023, the result moved from € -238,442 to € -102,617. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 7, 2025.
€ 1.4 million
▲ 5% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -102,617
▲ 57 % less loss than in 2023
Profit after tax over the fiscal year.
€ 71,805
▲ 146% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5 million.
Debts at end 2024
€ 5.7 million
▲ 107% vs 2023
Loans from banks and other lenders, long and short.
€ 31,147
▼ 63% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 30,000
▼ 86% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 561,461 | € 334,899 | € 110,634 | € 237,389 | ▲ 115% |
| Profit after taxes | € 79,977 | € -4,717,672 | € -238,442 | € -102,617 | ▲ € 135,825 |
| Equity | € 308,494 | € 1,568,074 | € 1,384,883 | € 1,448,738 | ▲ 5% |
| Total debts | € 7,408,673 | € 5,178,523 | € 5,454,048 | € 5,788,613 | ▲ 6% |
| Cash | € 14,480 | € 8,004 | € 29,205 | € 71,805 | ▲ 146% |
| Land & buildings | € 651,549 | € 6,562,500 | € 6,562,500 | € 7,007,109 | ▲ 7% |
| Retained profit | € 58,494 | € -4,659,178 | € -4,897,621 | € -5,000,238 | ▼ € 102,617 |
| Bank debt | € 3,334,150 | € 3,215,921 | € 2,767,048 | € 5,727,466 | ▲ 107% |
| Balance sheet total | € 7,717,167 | € 6,746,597 | € 6,838,931 | € 7,237,351 | ▲ 6% |
| Employees (FTE) | 2.3 | 1.1 | - | - |
Key figures of EUROPEAN MARKET DEVELOPMENT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to EUROPEAN MARKET DEVELOPMENT?
What happened at EUROPEAN MARKET DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 102,617. filed late Source: NBB ↗
- Yusuf YAMAN became a director. NBB
- Ludovic MERTENS became a director. NBB
- Ronny ROSENBAUM became a director. NBB
- Raymond VAN ACHTEREN stepped down as director. NBB
- Kirsten VAN ACHTEREN stepped down as director. NBB
- Raymond VAN ACHTEREN became a director. NBB
- Kirsten VAN ACHTEREN became a director. NBB
In short
From € 79,977 profit in 2021 to € 102,617 loss in 2024.
Paid € 10,057 in corporate taxes since 2021.
Best year ever: 2021, with € 79,977 profit.
On average € 304,500 of value added per employee in 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of CONRAY, TWILIGHT HOLDING, IMMO YAMAN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EUROPEAN MARKET DEVELOPMENTBehind EUROPEAN MARKET DEVELOPMENT are Yusuf YAMAN, Ludovic MERTENS and Ronny ROSENBAUM. The shares are held by CONRAY (38.4%), TWILIGHT HOLDING (30%) and IMMO YAMAN (21.6%).
Directors
According to the 2024 annual accounts
since 2024
Ludovic MERTENS
Director
Also active at: Immo Helola, DNF ADVIESCO, dnf invest, TWILIGHT HOLDING, IMMO MATADOURO, IMMO ABATTOIR, DNF GROUP, LUWOLAR +2 more
since 2024
since 2024
since 2022 · until 2024
since 2022 · until 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Noorderlaan 121
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
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€ 399,688 gross margin · 2022
Port Real Estate Solutions
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+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.908.487
- VAT number
- BE 0436.908.487
- Registered office
- Noorderlaan 121, 2030 Antwerpen
- Names & denominations
- EUROPEAN MARKET DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 March 1989
- Peppol
- Active · Active since 7 Apr 2026
- Activities · NACE
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