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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2026; threshold 65 %.
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Busy address KBO
35 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
EPIMEDE from Liège, company number BE0634750380, closed financial year 2026 with a result of € 7.2 million after tax. For that financial year EPIMEDE recorded a gross margin of € 0 and equity of € -5.5 million. Compared with financial year 2026, the result moved from € -6.3 million to € 7.2 million. Profitable, and profit is growing. 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 October 21, 2026.
€ -5.5 million
▲ € 7.2 million vs 2026
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.2 million
▲ still € 6.3 million loss in 2026
Profit after tax over the fiscal year.
€ 494,909
▼ 4% vs 2026
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -15.9 million.
People and assets in 2026
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2026
€ 6 million
▼ 73% vs 2026
Loans from banks and other lenders, long and short.
| 2024 | 2025 | 2026 | 2026 | Change 2026 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | - | - | € -343,166 | € 0 | ▲ € 343,166 |
| Profit after taxes | € -7,185,883 | € -6,588,410 | € -6,341,399 | € 7,214,378 | ▲ € 13.6 million |
| Equity | € 175,694 | € -6,412,716 | € -12,754,115 | € -5,539,737 | ▲ € 7.2 million |
| Total debts | € 24,442,669 | € 25,522,475 | € 26,539,447 | € 6,035,328 | ▼ 77% |
| Cash | € 1,378,894 | € 947,645 | € 515,961 | € 494,909 | ▼ 4% |
| Retained profit | € -10,234,306 | € -16,822,716 | € -23,164,115 | € -15,949,737 | ▲ € 7.2 million |
| Bank debt | € 22,127,578 | € 22,127,578 | € 22,127,578 | € 6,034,490 | ▼ 73% |
| Balance sheet total | € 24,618,363 | € 19,109,759 | € 13,785,332 | € 495,592 | ▼ 96% |
Key figures of EPIMEDE, fiscal years 2024 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 30 April 2028.
What happened to EPIMEDE?
What happened at EPIMEDE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 6.3 million. Source: NBB ↗
- NOSHAQ PARTNERS SRL stepped down as director. NBB
- Albert Corhay stepped down as director. NBB
- Anne Wauthier stepped down as director. NBB
- ETHIAS SA stepped down as director. NBB
- SFPI SA stepped down as director. NBB
- MMLB MANAGEMENT SRL stepped down as director. NBB
- MONUMENT ASSURANCE BELGIUM SA stepped down as director. NBB
In short
From € 7.2 million loss in 2024 to € 7.2 million profit in 2026.
Paid € 2 in corporate taxes since 2024.
Best year ever: 2026, with € 7.2 million profit.
Management
The stake of SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT, NOSHAQ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EPIMEDEThe shares are held by SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT (20%) and NOSHAQ (19.7%).
Directors
According to the 2026 annual accounts
Director · represented by Eric Brandt
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more
since 2025 · until 2026
Albert Corhay
Director
since 2025 · until 2026
Anne Wauthier
Director
since 2025 · until 2026
Director · represented by Effrosyni Lefka
Also active at: ECETIA FINANCES, BEDRIJVENCENTRUM DE PUNT, DATASSUR, BEDRIJVENCENTRUM REGIO GERAARDSBERGEN, AQUALIS, ASSURCARD, UKOT Liège, ONDERNEMERSCENTRUM RONSE +1 more
since 2025 · until 2026
Director · represented by Francois Fontaine
Also active at: Aviapartner Belgium, Société Anonyme Belge de Constructions Aéronautiques, Société Nationale de Construction Aérospatiale, COMETSAMBRE, ASCO INDUSTRIES, ZEPHYR - FIN, Sabena Aerospace Engineering, reMYND +58 more
since 2025 · until 2026
Director · represented by Marc Moles Le Bailly
since 2025 · until 2026
since 2025 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Lambert-Lombard 3
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 35 companies are registered at this address.
All companies at this address →CAUTION MUTUELLE DES METIERS ET NEGOCES same network
SOGECOM same network
€ -151,456 gross margin · 2025
NOSHAQ same network
€ 9 million revenue · 2025
NOSHAQ IMMO
€ 2.6 million revenue · 2025
NOSHAQ VENTURE same network
€ 89,352 revenue · 2025
+30 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
- 0634.750.380
- VAT number
- BE 0634.750.380
- Registered office
- Rue Lambert-Lombard 3, 4000 Liège
- Names & denominations
- EPIMEDE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 July 2015
- Peppol
- Active · Active since 10 Oct 2025
- Contact
- [email protected] +3242216211