Emulco is registered with the CBE as active in: Vervaardiging van andere chemische producten, neg. Public Limited, started on 1 February 2013, 1 establishment.

What is the address of Emulco?

The registered office of Emulco is located at Henri Farmanstraat 25, 9000 Gent.

Is Emulco still active?

Yes. According to the CBE (29 October 2026) Emulco is active, legal situation “Normale toestand”, started on 1 February 2013.

Is Emulco registered on Peppol?

Yes, Emulco is registered on the Peppol network with ID 0208:0503841556.

What is the enterprise number of Emulco?

The enterprise number of Emulco is BE0503841556.

When was Emulco founded?

Emulco was founded on 1 February 2013.

Who are the directors of Emulco?

According to the 2025 annual accounts, the directors of Emulco are: Whitestone Group NV, CAP28 BV, Bernard Goblet.

Is Emulco a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 February 2013; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did Emulco make in 2025?

Emulco recorded a loss after taxes of € 838,907 in financial year 2025.

What is the revenue of Emulco?

As a small company, Emulco is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -303,825.

How much does an employee at Emulco earn?

The average wage cost per full-time employee at Emulco was € 86,100 in 2025: staff costs of € 335,702 for 3.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Emulco have?

According to the 2025 annual accounts, Emulco has 3.9 full-time equivalents (FTE).

Emulco (Public Limited) - Gent - BE0503841556

Dossier Emulco, printed on 29 October 2026 from databakkes.be/en/0503841556/emulco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 2024 and 2025.

Financials

Financial year 2025

Emulco from Gent, company number BE0503841556, closed financial year 2025 with a result of € -838,907 after tax. For that financial year Emulco recorded a gross margin of € -303,825 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € -806,449 to € -838,907. 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 August 25, 2026.

What it is worth Healthy

€ 1.6 million

▼ 34% vs 2024

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

Loss Caution

€ -838,907

▼ 4 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 57,565

▲ € 45,152 vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -5.3 million.

People and assets in 2025

Full-time equivalents

3.9

▲ 1 vs 2024

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

Wage cost

€ 335,702

▲ 33% vs 2024

€ 86,100 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

€ 19

▼ 84% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 153,737

▲ 14% vs 2024

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

Taxes and wages

€ 55,137

▲ 217% 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	€ -237,732 Gross margin 2022: € -237,732 First fiscal year in the series	€ -364,347 Gross margin 2023: € -364,347 ▼ € 126,616 vs 2022 (€ -237,732) Unfavourable step	€ -307,876 Gross margin 2024: € -307,876 ▲ € 56,471 vs 2023 (€ -364,347) Favourable step	€ -303,825 Gross margin 2025: € -303,825 ▲ € 4,051 vs 2024 (€ -307,876) Favourable step	▲ € 4,051
Profit after taxes	€ -56,851 Profit after taxes 2022: € -56,851 First fiscal year in the series	€ -881,442 Profit after taxes 2023: € -881,442 ▼ € 824,591 vs 2022 (€ -56,851) Unfavourable step	€ -806,449 Profit after taxes 2024: € -806,449 ▲ € 74,993 vs 2023 (€ -881,442) Favourable step	€ -838,907 Profit after taxes 2025: € -838,907 ▼ € 32,458 vs 2024 (€ -806,449) Unfavourable step	▼ € 32,458
Equity	€ 4,151,537 Equity 2022: € 4,151,537 First fiscal year in the series	€ 3,270,095 Equity 2023: € 3,270,095 ▼ 21% vs 2022 (€ 4,151,537) Unfavourable step	€ 2,463,646 Equity 2024: € 2,463,646 ▼ 25% vs 2023 (€ 3,270,095) Unfavourable step	€ 1,624,739 Equity 2025: € 1,624,739 ▼ 34% vs 2024 (€ 2,463,646) Unfavourable step	▼ 34%
Total debts	€ 1,201,542 Total debts 2022: € 1,201,542 First fiscal year in the series	€ 1,996,218 Total debts 2023: € 1,996,218 ▲ 66% vs 2022 (€ 1,201,542) Unfavourable step	€ 2,363,892 Total debts 2024: € 2,363,892 ▲ 18% vs 2023 (€ 1,996,218) Unfavourable step	€ 3,433,832 Total debts 2025: € 3,433,832 ▲ 45% vs 2024 (€ 2,363,892) Unfavourable step	▲ 45%
Cash	€ 843,055 Cash 2022: € 843,055 First fiscal year in the series	€ 567,311 Cash 2023: € 567,311 ▼ 33% vs 2022 (€ 843,055) Unfavourable step	€ 12,413 Cash 2024: € 12,413 ▼ 98% vs 2023 (€ 567,311) Unfavourable step	€ 57,565 Cash 2025: € 57,565 ▲ € 45,152 vs 2024 (€ 12,413) Favourable step	▲ € 45,152
Retained profit	€ -2,794,429 Retained profit 2022: € -2,794,429 First fiscal year in the series	€ -3,675,871 Retained profit 2023: € -3,675,871 ▼ € 881,442 vs 2022 (€ -2,794,429) Unfavourable step	€ -4,482,320 Retained profit 2024: € -4,482,320 ▼ € 806,449 vs 2023 (€ -3,675,871) Unfavourable step	€ -5,321,227 Retained profit 2025: € -5,321,227 ▼ € 838,907 vs 2024 (€ -4,482,320) Unfavourable step	▼ € 838,907
Bank debt	€ 286,436 Bank debt 2022: € 286,436 First fiscal year in the series	€ 162,351 Bank debt 2023: € 162,351 ▼ 43% vs 2022 (€ 286,436) Favourable step	€ 40,725 Bank debt 2024: € 40,725 ▼ 75% vs 2023 (€ 162,351) Favourable step	€ 0 Bank debt 2025: € 0 ▼ 100% vs 2024 (€ 40,725) Favourable step	▼ 100%
Balance sheet total	€ 5,353,080 Balance sheet total 2022: € 5,353,080 First fiscal year in the series	€ 5,266,313 Balance sheet total 2023: € 5,266,313 ▼ 2% vs 2022 (€ 5,353,080) Unchanged	€ 4,827,538 Balance sheet total 2024: € 4,827,538 ▼ 8% vs 2023 (€ 5,266,313) Unchanged	€ 5,058,571 Balance sheet total 2025: € 5,058,571 ▲ 5% vs 2024 (€ 4,827,538) Unchanged	▲ 5%
Employees (FTE)	1.5 Employees (FTE) 2022: 1.5 First fiscal year in the series	3.2 Employees (FTE) 2023: 3.2 ▲ 1.7 vs 2022 (1.5) Unchanged	2.9 Employees (FTE) 2024: 2.9 ▼ 0.3 vs 2023 (3.2) Unchanged	3.9 Employees (FTE) 2025: 3.9 ▲ 1 vs 2024 (2.9) Unchanged	▲ 1

Key figures of Emulco, 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 Emulco?

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

2028 Whitestone Group NV stepped down as director. NBB
2028 CAP28 BV stepped down as director. NBB
2028 Bernard Goblet stepped down as director. NBB
Aug 25, 2026 New annual accounts for financial year 2025: loss of € 838,907. filed late Source: NBB ↗
Feb 15, 2013 New establishment in Gent. KBO
Feb 1, 2013 Start of the company according to the CBE. KBO

In short

From € 56,851 loss in 2022 to € 838,907 loss in 2025.

Paid € 1,358 in corporate taxes since 2022.

Original PDFs at the National Bank ↗

Management

Whitestone Group 25%

The stake of Whitestone Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Emulco

Emulco Laboratories 100%

The shares are held by Whitestone Group (25%). It owns 100% of Emulco Laboratories itself.

Directors

According to the 2025 annual accounts

Whitestone Group NV

Director · represented by Antoine Duchateau

Also active at: ATIMA-TPIM, TILMAN, NEWTREE, ISO - TECH BELGIUM, EMAsphere, TREESTONE, WHITESTONE PROPERTIES, GFIN +7 more

· until 2028

CAP28 BV

Director · represented by Jean Vanhoebost

Also active at: EMULCO LABORATORIES

· until 2028

Bernard Goblet

Director

Also active at: EMULCO LABORATORIES

· until 2028

Shareholders

Whitestone Group

25%

Participations

Emulco Laboratories

100%

Establishments

Establishment units

Physical locations of this company

Registered office

Henri Farmanstraat 25

9000 Gent

2.216.532.944

Henri Farmanstraat 25 box 535

9000 Gent

Active since 15 February 2013

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

SHIELMARTIN

EENHEID EMULCO

EMULCO LABORATORIES same network

€ 107,165 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

0503.841.556

VAT number

BE 0503.841.556

Registered office

Henri Farmanstraat 25, 9000 Gent

Names & denominations

Emulco

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 February 2013

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Vervaardiging van andere chemische producten, neg

Diensten in verband met vervoer over water

View on CBE Public ↗ Annual accounts (NBB) ↗

Emulco

Warning lights

Financials

What happened to Emulco?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions