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 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
EMI Real Estate from Kuurne, company number BE0439102766, closed financial year 2026 with a result of € -6,749 after tax. For that financial year EMI Real Estate recorded a gross margin of € 2.2 million and equity of € 3 million. Compared with financial year 2025, the result moved from € -31,529 to € -6,749. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 3 million
▼ 7% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,749
▲ 79 % less loss than in 2025
Profit after tax over the fiscal year.
€ 153,686
▲ 96% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.1 million.
People and assets in 2026
€ 2.1 million
▼ 75% vs 2025
Of which on lease € 2.1 million.
Debts at end 2026
€ 13.6 million
▼ 31% vs 2025
€ 976,518 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 360,749
▼ 18% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 35,028
▲ 72% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 2,706,442 | € 3,135,826 | € 3,273,472 | € 2,241,359 | ▼ 32% |
| Profit after taxes | € 330,368 | € 450,257 | € -31,529 | € -6,749 | ▲ € 24,780 |
| Equity | € 2,593,418 | € 3,043,676 | € 3,255,068 | € 3,017,969 | ▼ 7% |
| Total debts | € 18,235,012 | € 19,794,440 | € 22,218,171 | € 16,417,357 | ▼ 26% |
| Cash | € 34,457 | € 229,219 | € 78,478 | € 153,686 | ▲ 96% |
| Land & buildings | € 12,597,030 | € 13,936,224 | € 13,120,673 | € 12,756,017 | ▼ 3% |
| Retained profit | € 1,780,621 | € 2,230,879 | € 2,199,350 | € 2,100,791 | ▼ 4% |
| Bank debt | € 16,542,835 | € 17,743,211 | € 19,812,166 | € 13,613,737 | ▼ 31% |
| Balance sheet total | € 20,828,430 | € 22,838,116 | € 25,473,239 | € 19,435,326 | ▼ 24% |
Key figures of EMI Real Estate, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to EMI Real Estate?
What happened at EMI Real Estate in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MANAGEMENT DE RUDDER BV stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 6,749. Source: NBB ↗
- MANAGEMENT DE RUDDER BV became a director. NBB
- New establishment in Kuurne. KBO
- Start of the company according to the CBE. KBO
In short
From € 330,368 profit in 2023 to € 6,749 loss in 2026.
Paid € 214,904 in corporate taxes since 2023.
Best year ever: 2024, with € 450,257 profit.
Management
The stake of MANAGEMENT DE RUDDER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EMI Real EstateThe shares are held by MANAGEMENT DE RUDDER (100%). It owns 100% of Fruy Immo, 100% of M-EXPRESS and 50% of Mortierhoek itself.
Directors
According to the 2026 annual accounts
Managing director · represented by Ignace DE RUDDER
Also active at: VERVOERONDERNEMING MARCEL LAMBERTS EN ZONEN, Transport De Rudder, Warehouse, FRUY IMMO, Mortierhoek, M-EXPRESS
since 2023 · until 2029
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Industrielaan 6.3
8520 Kuurne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0439.102.766
- VAT number
- BE 0439.102.766
- Registered office
- Industrielaan 6.3, 8520 Kuurne
- Names & denominations
- EMI Real Estate
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 December 1989
- Peppol
- Active · Active since 18 Dec 2025
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