Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
EMAsphere from Ottignies-Louvain-la-Neuve, company number BE0538597349, closed financial year 2025 with a result of € -767,106 after tax. For that financial year EMAsphere recorded a gross margin of € 4.2 million and equity of € -2.4 million. Compared with financial year 2024, the result moved from € -1.3 million to € -767,106. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ -2.4 million
▼ € 947,761 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -767,106
▲ 39 % less loss than in 2024
Profit after tax over the fiscal year.
€ 298,824
▲ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.8 million.
People and assets in 2025
44.2
▲ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.7 million
▲ 4% vs 2024
€ 84,300 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.
€ 27,029
▲ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.8 million
▲ 19% vs 2024
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 673,338
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 651,751
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,162,527 | - | - | - | |
| Gross margin | € 2,184,566 | € 2,761,054 | € 3,522,320 | € 4,183,388 | ▲ 19% |
| Profit after taxes | € -2,683,513 | € -2,162,521 | € -1,263,500 | € -767,106 | ▲ € 496,394 |
| Equity | € 2,434,504 | € 43,917 | € -1,453,503 | € -2,401,264 | ▼ € 947,761 |
| Total debts | € 5,114,796 | € 5,517,213 | € 6,831,258 | € 7,919,729 | ▲ 16% |
| Cash | € 784,504 | € 342,011 | € 234,722 | € 298,824 | ▲ 27% |
| Land & buildings | € 19,596 | € 7,129 | € 2,463 | € 5,959 | ▲ 142% |
| Retained profit | € -4,871,558 | € -2,030,425 | € -2,034,467 | € -2,801,573 | ▼ € 767,106 |
| Bank debt | € 2,438,020 | € 2,470,584 | € 3,182,471 | € 3,800,411 | ▲ 19% |
| Balance sheet total | € 7,549,300 | € 5,561,130 | € 5,377,755 | € 5,518,465 | ▲ 3% |
| Employees (FTE) | 48.8 | 47.7 | 42.5 | 44.2 | ▲ 1.7 |
Key figures of EMAsphere, 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 EMAsphere?
What happened at EMAsphere in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 767,106. Source: NBB ↗
- WHITESTONE GROUP stepped down as director. NBB
- DVK Consulting stepped down as director. NBB
- M&A DUCHATEAU stepped down as director. NBB
- EASEis stepped down as director. NBB
- Pierre TENAILLE D'ESTAIS stepped down as director. NBB
- Sambrinvest SPIN-OFF/SPIN-OUT stepped down as director. NBB
- Pierre TENAILLE D'ESTAIS became a director. NBB
In short
From € 2.7 million loss in 2022 to € 767,106 loss in 2025.
On average € 94,600 of value added per employee in 2025.
A new publication or filing at EMAsphere? We notify you, reason included.
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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
The stake of Whitestone Group, STUDY AND DEVELOPMENT IN REAL ESTATE PROJECTS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EMAsphereThe shares are held by Whitestone Group (9.9%) and STUDY AND DEVELOPMENT IN REAL ESTATE PROJECTS.
Directors
According to the 2025 annual accounts
Director
Also active at: ATIMA-TPIM, TILMAN, NEWTREE, ISO - TECH BELGIUM, Emulco, TREESTONE, WHITESTONE PROPERTIES, GFIN +7 more
since 2022 · until 2026
since 2022 · until 2026
since 2022 · until 2026
Director
since 2022 · until 2026
Pierre TENAILLE D'ESTAIS
Director
since 2024 · until 2026
Director
Also active at: BE ANGELS, Brussels South Charleroi BioPark Dev, 50°NORTH VENTURES, THEODORUS III, AQUILON PHARMACEUTICALS, APIQUIET, BigCaptain, WE INVEST REAL ESTATE +25 more
since 2022 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Bosquet 9
1348 Ottignies-Louvain-la-Neuve
Quai Paul Verlaine 2 box 2
6000 Charleroi
Active since 23 August 2022
Poortakkerstraat 41
9051 Gent
Active since 1 May 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
emasphere.com
Registered
2014-10-13
Registrar
Amazon Registrar, Inc.
Expires
2026-10-13
Website info
Features
Security
Network
Details
- Company number
- 0538.597.349
- VAT number
- BE 0538.597.349
- Registered office
- Rue du Bosquet 9, 1348 Ottignies-Louvain-la-Neuve
- Names & denominations
- EMAsphere
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 September 2013
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- emasphere.com
- Activities · NACE
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