EMUREF is registered with the CBE as active in: Vervaardiging van vuurvaste producten. Public Limited, started on 28 December 1989, 1 establishment.

What is the address of EMUREF?

The registered office of EMUREF is located at Rue de Tilleur 23, 4101 Seraing.

Is EMUREF still active?

Yes. According to the CBE (30 October 2026) EMUREF is active, legal situation “Normale toestand”, started on 28 December 1989.

Is EMUREF registered on Peppol?

Yes, EMUREF is registered on the Peppol network with ID 0208:0439342296.

What is the enterprise number of EMUREF?

The enterprise number of EMUREF is BE0439342296.

When was EMUREF founded?

EMUREF was founded on 28 December 1989.

Who are the directors of EMUREF?

According to the 2025 annual accounts, the directors of EMUREF are: HOLDING WAUTERS SRL.

Is EMUREF a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 28 December 1989; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did EMUREF make in 2025?

EMUREF posted a profit after taxes of € 488,600 in financial year 2025.

What is the revenue of EMUREF?

As a small company, EMUREF is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 762,205.

How much does an employee at EMUREF earn?

The average wage cost per full-time employee at EMUREF was € 52,300 in 2025: staff costs of € 62,719 for 1.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does EMUREF have?

According to the 2025 annual accounts, EMUREF has 1.2 full-time equivalents (FTE).

EMUREF (Public Limited) - Seraing - BE0439342296

Dossier EMUREF, printed on 30 October 2026 from databakkes.be/en/0439342296/emuref. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

EMUREF from Seraing, company number BE0439342296, closed financial year 2025 with a result of € 488,600 after tax. For that financial year EMUREF recorded a gross margin of € 762,205 and equity of € 285,606. Compared with financial year 2024, the result moved from € 2,709 to € 488,600. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.

What it is worth Growing

€ 285,606

▲ 16% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 488,600

▲ € 485,891 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 440,505

▲ € 389,992 vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 450,000 paid out

92 % of the profit went to the shareholders, mostly to HOLDING WAUTERS (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

1.2

▲ 0.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 62,719

▲ 5% vs 2024

€ 52,300 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.

Vehicles and equipment

€ 23,254

▲ € 19,731 vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 42,613

▼ 26% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 118,531

▲ 257% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 68,530

▲ € 64,389 vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 139,957 Gross margin 2022: € 139,957 First fiscal year in the series	€ 108,283 Gross margin 2023: € 108,283 ▼ 23% vs 2022 (€ 139,957) Unfavourable step	€ 92,444 Gross margin 2024: € 92,444 ▼ 15% vs 2023 (€ 108,283) Unfavourable step	€ 762,205 Gross margin 2025: € 762,205 ▲ € 669,761 vs 2024 (€ 92,444) Favourable step	▲ € 669,761
Profit after taxes	€ 8,671 Profit after taxes 2022: € 8,671 First fiscal year in the series	€ 6,987 Profit after taxes 2023: € 6,987 ▼ 19% vs 2022 (€ 8,671) Unfavourable step	€ 2,709 Profit after taxes 2024: € 2,709 ▼ 61% vs 2023 (€ 6,987) Unfavourable step	€ 488,600 Profit after taxes 2025: € 488,600 ▲ € 485,891 vs 2024 (€ 2,709) Favourable step	▲ € 485,891
Equity	€ 237,310 Equity 2022: € 237,310 First fiscal year in the series	€ 244,297 Equity 2023: € 244,297 ▲ 3% vs 2022 (€ 237,310) Favourable step	€ 247,006 Equity 2024: € 247,006 ▲ 1% vs 2023 (€ 244,297) Favourable step	€ 285,606 Equity 2025: € 285,606 ▲ 16% vs 2024 (€ 247,006) Favourable step	▲ 16%
Total debts	€ 189,729 Total debts 2022: € 189,729 First fiscal year in the series	€ 105,092 Total debts 2023: € 105,092 ▼ 45% vs 2022 (€ 189,729) Favourable step	€ 96,030 Total debts 2024: € 96,030 ▼ 9% vs 2023 (€ 105,092) Favourable step	€ 697,726 Total debts 2025: € 697,726 ▲ € 601,696 vs 2024 (€ 96,030) Unfavourable step	▲ € 601,696
Cash	€ 98,874 Cash 2022: € 98,874 First fiscal year in the series	€ 31,040 Cash 2023: € 31,040 ▼ 69% vs 2022 (€ 98,874) Unfavourable step	€ 50,513 Cash 2024: € 50,513 ▲ 63% vs 2023 (€ 31,040) Favourable step	€ 440,505 Cash 2025: € 440,505 ▲ € 389,992 vs 2024 (€ 50,513) Favourable step	▲ € 389,992
Retained profit	€ 175,310 Retained profit 2022: € 175,310 First fiscal year in the series	€ 182,297 Retained profit 2023: € 182,297 ▲ 4% vs 2022 (€ 175,310) Favourable step	€ 185,006 Retained profit 2024: € 185,006 ▲ 1% vs 2023 (€ 182,297) Favourable step	€ 223,606 Retained profit 2025: € 223,606 ▲ 21% vs 2024 (€ 185,006) Favourable step	▲ 21%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 450,000 Dividend 2025: € 450,000 Unchanged (€ 0) Unchanged
Bank debt	€ 71,329 Bank debt 2022: € 71,329 First fiscal year in the series	€ 64,386 Bank debt 2023: € 64,386 ▼ 10% vs 2022 (€ 71,329) Favourable step	€ 57,334 Bank debt 2024: € 57,334 ▼ 11% vs 2023 (€ 64,386) Favourable step	€ 42,613 Bank debt 2025: € 42,613 ▼ 26% vs 2024 (€ 57,334) Favourable step	▼ 26%
Balance sheet total	€ 427,040 Balance sheet total 2022: € 427,040 First fiscal year in the series	€ 349,389 Balance sheet total 2023: € 349,389 ▼ 18% vs 2022 (€ 427,040) Unchanged	€ 343,036 Balance sheet total 2024: € 343,036 ▼ 2% vs 2023 (€ 349,389) Unchanged	€ 1,016,332 Balance sheet total 2025: € 1,016,332 ▲ 196% vs 2024 (€ 343,036) Unchanged	▲ 196%
Employees (FTE)	1.1 Employees (FTE) 2022: 1.1 First fiscal year in the series	1.4 Employees (FTE) 2023: 1.4 ▲ 0.3 vs 2022 (1.1) Unchanged	1 Employees (FTE) 2024: 1 ▼ 0.4 vs 2023 (1.4) Unchanged	1.2 Employees (FTE) 2025: 1.2 ▲ 0.2 vs 2024 (1) Unchanged	▲ 0.2

Key figures of EMUREF, 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 EMUREF?

What happened at EMUREF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 7, 2026 New annual accounts for financial year 2025: profit of € 488,600 (▲ € 485,891 vs 2024). Source: NBB ↗
2025 HOLDING WAUTERS SRL became a director. NBB
Jan 24, 1990 New establishment in Seraing. KBO
Dec 28, 1989 Start of the company according to the CBE. KBO

In short

From € 8,671 profit in 2022 to € 488,600 profit in 2025.

Paid € 114,806 in corporate taxes since 2022.

Best year ever: 2025, with € 488,600 profit.

On average € 635,200 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

HOLDING WAUTERS 100%

S.D.M. 99.4%

The stake of HOLDING WAUTERS, S.D.M. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

EMUREF

Behind EMUREF is HOLDING WAUTERS SRL. The shares are held by HOLDING WAUTERS (100%) and S.D.M. (99.4%).

Directors

According to the 2025 annual accounts

HOLDING WAUTERS SRL

Director · represented by Amaury WAUTERS

since 2025

Shareholders

HOLDING WAUTERS

100%

S.D.M.

99.4%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue de Tilleur 23

4101 Seraing

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 →

S.D.M. same network

€ 1.7 million gross margin · 2025

HOLDING WAUTERS same network

€ -11,806 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0439.342.296

VAT number

BE 0439.342.296

Registered office

Rue de Tilleur 23, 4101 Seraing

Names & denominations

EMUREF

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

28 December 1989

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Vervaardiging van vuurvaste producten

Vervaardiging van vuurvaste keramische producten

Recycling van niet-metaalafval

Vervaardiging van lucht- en ruimtevaartuigen

Terugwinning van materialen uit afval

Vervaardiging van civiele lucht- en ruimtevaartuigen en van toestellen in verband daarmee

Terugwinning van inerte afvalstoffen

Vervaardiging van lucht- en ruimtevaartuigen en van toestellen in verband daarmee

View on CBE Public ↗ Annual accounts (NBB) ↗

EMUREF

Financials

What happened to EMUREF?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions