Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EMDW from Mouscron, company number BE0506825196, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year EMDW recorded a gross margin of € 137,082 and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 455,220 to € 1.5 million. Profitable, and profit is growing. 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 January 6, 2026.
€ 1.9 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ 235% vs 2024
Profit after tax over the fiscal year.
€ 9,493
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.5 million paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 12,211
▼ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▼ 2% vs 2024
€ 32,500 is repaid this year. At this pace the long-term loan is gone in ≈ 37 years.
€ 521
▼ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,564
▲ 1% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 67,804 | € 168,995 | € 112,018 | € 137,082 | ▲ 22% |
| Profit after taxes | € 34,627 | € 93,677 | € 455,220 | € 1,526,383 | ▲ 235% |
| Equity | € 2,044,167 | € 2,137,843 | € 1,916,914 | € 1,916,914 | |
| Total debts | € 3,031,916 | € 3,008,691 | € 2,506,178 | € 3,199,757 | ▲ 28% |
| Cash | € 117,035 | € 80,198 | € 1,188,059 | € 9,493 | ▼ 99% |
| Land & buildings | € 473,755 | € 636,789 | € 578,529 | € 520,345 | ▼ 10% |
| Retained profit | € 127,567 | € 221,243 | € 314 | € 314 | |
| Dividend | € 0 | € 0 | € 676,150 | € 1,526,383 | ▲ 126% |
| Bank debt | € 1,287,500 | € 1,257,500 | € 1,227,500 | € 1,200,000 | ▼ 2% |
| Balance sheet total | € 5,076,083 | € 5,146,534 | € 4,423,092 | € 5,116,671 | ▲ 16% |
Key figures of EMDW, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to EMDW?
What happened at EMDW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.5 million (▲ 235% vs 2024). Source: NBB ↗
- New establishment in Mouscron. KBO
- EMMANUEL DEWULF became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 34,627 profit in 2022 to € 1.5 million profit in 2025.
Paid € 62,959 in corporate taxes since 2022.
Best year ever: 2025, with € 1.5 million profit.
Paid out € 2.2 million in dividends to the owners in total.
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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
Behind EMDW is EMMANUEL DEWULF. It owns 40% of BEL ENERGY GROUP itself.
Directors
According to the 2025 annual accounts
since 2014
Establishments
Establishment units
Physical locations of this company
Groeneweg(D) 24
7711 Mouscron
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0506.825.196
- VAT number
- BE 0506.825.196
- Registered office
- Groeneweg(D) 24, 7711 Mouscron
- Names & denominations
- EMDW
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 2014
- Peppol
- Active · Active since 14 Apr 2026
- Activities · NACE
Activiteiten van holdings
Holdings