Financials
Financial year 2025
E - MERGE from Ukkel, company number BE0464527555, closed financial year 2025 with a result of € -2.6 million after tax. For that financial year E - MERGE recorded a gross margin of € -2.2 million and equity of € 17 million. Compared with financial year 2024, the result moved from € 705,064 to € -2.6 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 17 million
▼ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.6 million
▼ still € 705,064 profit in 2024
Profit after tax over the fiscal year.
€ 205,164
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 13.1 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 51,255
▲ € 45,218 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 47,103
▼ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,728
▼ 97% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,136,153 | € -1,576,911 | € -1,782,187 | € -2,221,091 | ▼ € 438,904 |
| Profit after taxes | € 7,317,095 | € -460,831 | € 705,064 | € -2,648,046 | ▼ € 3.4 million |
| Equity | € 22,866,450 | € 22,048,477 | € 21,117,827 | € 17,041,209 | ▼ 19% |
| Total debts | € 269,827 | € 100,489 | € 255,672 | € 72,056 | ▼ 72% |
| Cash | € 1,470,827 | € 367,214 | € 890,725 | € 205,164 | ▼ 77% |
| Retained profit | € 18,937,501 | € 18,119,528 | € 17,188,878 | € 13,112,261 | ▼ 24% |
| Dividend | € 4,285,714 | € 357,143 | € 1,635,714 | € 1,428,571 | ▼ 13% |
| Balance sheet total | € 23,136,278 | € 22,148,966 | € 21,373,499 | € 17,113,265 | ▼ 20% |
Key figures of E - MERGE, 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 E - MERGE?
What happened at E - MERGE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Laurent DRION stepped down as director. NBB
- Gaspard DRION stepped down as director. NBB
- Noémie DRION stepped down as director. NBB
- Muriel ALHADEFF stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.6 million (▼ € 3.4 million vs 2024). Source: NBB ↗
- Gaspard DRION became a director. NBB
- Noémie DRION became a director. NBB
- Muriel ALHADEFF became a director. NBB
In short
From € 7.3 million profit in 2022 to € 2.6 million loss in 2025.
Paid € 503,282 in corporate taxes since 2022.
Best year ever: 2022, with € 7.3 million profit.
Paid out € 7.7 million in dividends to the owners in total.
Management
It owns 100% of AX-AnNa-Funds, LLC A-RMK-18-Fund, 100% of AngelList Funds, LLC A-JJW-61-Fund, 99% of BW Funds, LP RIN Fund I, 99% of Hack VC, LP TPA Fund I, 96% of AX-SDU-Funds, LLC A-JMI-88-Fund and 91% of AngelList-RM-Funds, LLC A-LXI-35-PR-Fund itself.
Directors
According to the 2025 annual accounts
Laurent DRION
Managing director
Also active at: E-MERGE CB, E-MERGE SLY, E-MERGE ALS, E-MERGE SPX, E-MERGE O3, E-MERGE GF1, IMMOBILIERE CARACOLE, 3POMMES.ORG
since 2021 · until 2032
Gaspard DRION
Managing director
Also active at: E-MERGE CB, E-MERGE SLY, E-MERGE ALS, E-MERGE SPX, E-MERGE GF1, IMMOBILIERE CARACOLE
since 2026 · until 2032
Noémie DRION
Managing director
Also active at: E-MERGE CB, E-MERGE SLY, E-MERGE ALS, E-MERGE SPX, E-MERGE GF1, IMMOBILIERE CARACOLE
since 2026 · until 2032
Muriel ALHADEFF
Managing director
Also active at: E-MERGE CB, E-MERGE SLY, E-MERGE ALS, E-MERGE SPX, E-MERGE O3, E-MERGE GF1, IMMOBILIERE CARACOLE
since 2021 · until 2032
Establishments
Establishment units
Physical locations of this company
Van Beverlaan 4
1180 Ukkel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →EBOOKS
€ 386,366 gross margin · 2025
E-MERGE CB same network
€ -5,562 gross margin · 2025
E-MERGE SLY same network
€ -7,752 gross margin · 2025
E-MERGE ALS same network
€ -77,174 gross margin · 2025
E-MERGE SPX same network
€ -19,689 gross margin · 2025
+2 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
- 0464.527.555
- VAT number
- BE 0464.527.555
- Registered office
- Van Beverlaan 4, 1180 Ukkel
- Names & denominations
- E - MERGE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 November 1998
- Peppol
- Active · Active since 5 Dec 2025
- Activities · NACE
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